DaisyUnicorn

As 2024 begins, the U.S. economy has a strong start. Although the rise in the consumer price index (CPI) may delay interest rate cuts, the impressive economic data from the U.S. reflects a positive condition that injects ample confidence into the market, especially among consumers. In January, U.S. stocks continued to hit new highs, with tech stocks (especially those related to AI) becoming the market focus again; however, TSL faced its first decline in gross profit in years. The Asia-Pacific stock markets performed well, while European markets remained stable with fluctuations. The Bitcoin ETF was approved as scheduled, but due to selling pressure from some investors, the crypto market is under short-term pressure. As selling pressure diminishes, the market is currently stabilizing and showing a certain degree of rebound.
On January 5th, the United States announced the first important economic indicator of the year: the non-farm payrolls increased by 216,000 in December, far exceeding the expected 175,000. Among them, the private sector non-farm employment increased by 164,000, also significantly exceeding the expected 130,000.

The encryption industry had a significant impact on the 2024 U.S. elections, investing $135 million to support over 50 candidates, with 48 of them declared elected. Although campaign advertisements did not cover encryption topics, the industry has become an important political force, surpassing traditional corporate donors and demonstrating long-term strategic planning.

Navi Protocol is the first liquidity protocol in the Sui ecosystem, focusing on lending services, and has captured 80% of the market share, with a total Lock-up Position value of $3.18M. It introduces an innovative liquidation mechanism and isolation pool feature, plans to expand asset support, and will launch a Token in the future, granting users staking and governance rights. Overall, the layout demonstrates its competitiveness and potential in the market.

The 2024 Bitcoin Conference will be held in Nashville, attracting attention from political figures and industry professionals. Some candidates have proposed Bitcoin-related policies, emphasizing its value retention capabilities; Snowden has pointed out issues of transaction privacy. At the same time, the conference reveals the phenomenon of gender discrimination in the industry, with a low proportion of female speakers, and some companies have already taken measures to address this. This conference reflects the influence and challenges faced by Crypto Assets.

The BTCFi project bitSmiley has completed a $10 million funding round aimed at accelerating the development of the Bitcoin stablecoin bitUSD. The project integrates Ethereum DeFi experience, launching core components such as bitUSD, bitLending, and credit default swaps, and addresses interoperability and supply adjustment issues through native cross-chain collaboration and the bitRC20 standard, attracting widespread follow.

The Bitcoin ecosystem made significant technological advancements in the first quarter of 2024, with multiple Programmability expansion solutions emerging, such as Fractal Bitcoin, AVM, OP_NET, and BRC100. These solutions enhanced Bitcoin's Programmability, cross-chain capabilities, and DeFi applications, showcasing the ongoing innovation and diversity of Bitcoin technology.

The article discusses the progressive development path of blockchain projects from points to tokens, emphasizing the importance of points as a low-cost market validation tool. It points out the compliance challenges faced by token issuance and suggests gradually converting points into tokens after the ecosystem stabilizes to reduce risks and enhance user trust. The conclusion states that this model helps validate commercial value and legitimize projects, providing blockchain entrepreneurs with a robust development path.

A certain investment institution increased its holdings of Ethereum after the market fell, obtaining stablecoins through a decentralized lending platform, and purchased 9,001 ETH on a large exchange, bringing its open interest to approximately 182,000. The investor shows optimism about the market outlook, but the crypto market remains volatile, and the public should make cautious decisions.

The "opportunity economy" policy framework announced by Harris aims to reduce the cost of living for the public through government intervention, which may temporarily boost the crypto market, but in the long term, it is necessary to be vigilant about inflationary pressures and the risk of a debt crisis. The future direction of the market depends on the implementation of policies and election results.

The Indian government is investigating a certain instant messaging platform, focusing on its misuse in criminal activities, particularly extortion and gambling. The investigation could lead to the platform being banned, reflecting the challenges social media faces in balancing content management and user privacy.

Stablecoin is a type of Crypto Assets that has a fixed exchange rate with a specific asset, primarily featuring three stabilization mechanisms: fiat currency, digital asset collateral, and Algorithm adjustment. It plays an important role in dropping price Fluctuation, providing hedging options, and promoting the integration of encryption with TradFi, but it also faces challenges such as transparency and long-term stability. The emergence of fiat Digital Money in the future will further promote the development of stablecoins.

Recently, a well-known stablecoin issuer has added 300 million stablecoins in the past seven days, of which 170 million were issued through the official Address, resulting in a market inflow of 128 million coins. This change has sparked market attention on the supply of stablecoins and their impact on the Crypto Assets market. Analysts believe this may indicate an influx of funds or increased trading activity, and further observation of subsequent developments is necessary.

The judge is inclined to impose a prison sentence of 10 to 16 months and a supervised release period of 1 to 3 years on the individuals involved in the case, and is currently listening to opinions from all parties. The final ruling will have an impact on the Crypto Assets industry.

The points system is becoming a new trend for projects to draw attention, enhancing retention rates by incentivizing user participation and promoting economic sustainability. Multiple projects attract user participation and offer potential rewards through diversified ways to earn points. A reasonable points model is crucial for long-term development.

Trump nominated Jay Clayton as the U.S. Attorney for the Southern District of New York, who previously served as the chairman of the SEC. Meanwhile, Scott Bessent supports the economic policies of the elected president and is a leading candidate for Treasury Secretary. The new Treasury Secretary nomination may be announced this week and will have a significant impact on U.S. economic policy.

The TON Society has initiated a campaign calling on the French government to release the founder of Telegram, which has garnered over 2.07 million signatures in support. Through the "Digital Resistance" mini-program, the organizers aim to collect hundreds of millions of signatures, raising public awareness of the legal issues faced by tech leaders and demonstrating the mobilization potential of social media.

At an event focused on growth methods, Mr. Zhang, the CEO of an AI company, delivered a speech titled "The Future of AI Lies in Collaboration," discussing the technical challenges and solutions of a decentralized AI ecosystem. Zhang emphasized the importance of collaboration for AI innovation and predicted that future AI will consist of thousands of agents focused on specific domains, achieving modularization and high intelligence.

Brian Hennessey-Hsieh, the head of developer relations at Sui, shared the importance of Open Source and Decentralization, emphasizing the need to establish an open governance mechanism and help developers understand the characteristics of Sui. He believes that web3 should serve as a technology to solve problems, and Sui is committed to developing educational content and tools to promote ecosystem development.