Weekly Editors' Picks (1126-1202)

"Weekly Editor's Picks" is a "functional" column of Odaily. On the basis of covering a large amount of real-time information every week, a lot of high-quality in-depth analysis content will also be released, but they may be hidden in the information flow and hot news, and pass you by.

Therefore, every Saturday, our editorial department will select some high-quality articles that are worth spending time reading and collecting from the content published in the past 7 days. You bring new inspiration.

Now, come and read with us:

Investment and Entrepreneurship

"Weekly Editor's Picks" is a "functional" column of Odaily. On the basis of covering a large amount of real-time information every week, a lot of high-quality in-depth analysis content will also be released, but they may be hidden in the information flow and hot news, and pass you by.

Therefore, every Saturday, our editorial department will select some high-quality articles that are worth spending time reading and collecting from the content published in the past 7 days. You bring new inspiration.Now, come and read with us:secondary titleInvestment and EntrepreneurshipThe Grayscale (GBTC) Effect: The Instigator of Institutional Bubbles and CollapsesA backtracking before the dominoes fell, revolving around Three Arrows Capital's use of GBTC to obtain high returns and hope to continue to earn. It is recommended to be paired with the October 2020 article "What is the Grayscale Bitcoin Trust (GBTC) and how does it work?

", January 2021 article "

Big Whale Surfaces, Three Arrows Capital Holds Over $1.2 Billion in GBTC

” and the May 2021 article “

Grayscale is hard to save, what happened to GBTC?

DeFi

》 Take together.

A Glance at Binance Labs Investment Map: Covering Almost All Tracks of Web3

Beginner's Guide for Developers: A Summary of Web3 Development Tools

Web 3.0 

TinTinLand's series of articles for Web3 developers has been updated. This issue mainly takes stock of Web3 development and deployment/testing tools, front-end tools, storage tools, security analysis, monitoring tools, block browsers, Web3 community/DAO, and marketing tools to help improve the flexibility of expansion, development speed, and resources cost and speed of deployment.

Analysis on the Implementation of Price Oracles for Derivatives Assets

The article attempts to explain why using the price of the underlying asset as a price feed for derivative assets is not perfect, focusing on two types of derivative assets—cross-chain assets and liquid collateralized derivatives. For cross-chain assets, Aave is considering connecting to Chainlink's Proof-of-reserve (reserve certificate) price feed.

Derivative assets are often less liquid than their underlying assets, making it difficult to build robust oracles specifically for them. The author discourages the use of unrobust oracles when listing derivative assets, which may lead to the worst results; it is recommended that the protocol wait for the establishment of liquidity and the development of robust oracles for specific assets before using non-robust oracles.

secondary title

This article explores how to design sustainable rewards for Web3: from "fast food" to "slow food"

If DeFi protocols want to attract users, they can adopt these strategies: decentralize rights, maintain scarcity, and shift from transactional to long-term.

Ethereum and scaling

Six main reasons why Web3 has not yet been adopted by the mainstream

The terminology is too difficult for ordinary people to understand, the economy is mainly driven by speculation and cycles, it is too financialized, the user experience is not good, the throughput is low, and there is a lack of clear legal framework and guidance.

In-depth analysis of the next trillion track: the combination of zero-knowledge proof and distributed computing

My personal recommendation is to start intensive reading from the third part "The Combination of Zero-Knowledge Proof and Distributed Computing". This part mentions Bulletproofs, Halo 2, Plonky 2 features, applicable/not applicable scenarios. The fourth part talks about bottlenecks and solutions, including the low efficiency of zkProof generation, large hardware resources, Gas consumption costs, and lack of virtual machine instructions.

Learn about the implementation progress of the Ethereum roadmap in one article

New ecology and cross-chain

The article details the goals, completed/to-be-done issues for each upgrade on the roadmap.

The goal of The Merge is to have an ideal, simple, robust and decentralized Proof of Stake (PoS) consensus. The Scourge's goal is to ensure reliable, trust-neutral transaction inclusion and avoid centralization of MEV and other protocol risks. The Verge's goal is that verifying a block should be super simple - download N bytes of data, perform some basic calculations, verify a SNARK and you're done. The goal of The Purge is to simplify the protocol, eliminate technical debt, and limit the cost of participating in the network by purging old history. The Splurge is targeting nice improvements that all higher priority upgrades don't require, the biggest improvement item being the account abstraction, but also small tweaks to existing transactions.

This article explores whether the ETH main network can realize private transfer

Modular blockchains are more efficient because they centralize validators on shards, which increases the throughput of the blockchain. The advantages of modular blockchains also include: sovereignty, scalability, and ease of building projects.

hot spots of the week

In the past week,The article mainly makes an inventory of the key projects that have received financing in the Cosmos ecosystem and have received high market attention (excluding ecological projects on the smart contract public chain, mainly focusing on the Cosmos ecological application chain).，secondary title，hot spots of the weekIn the past week,BlockFi officially files for bankruptcy reorganizationBlockFi officially files for bankruptcy reorganizationMore than 100,000 creditors still hold $256.9 million in cash，BlockFi's largest creditor is Ankura Trust, followed by FTX US and the SEC, the lawyer saidAbout $355 million in BlockFi's cryptocurrency is frozen in FTX，, SBF said in an interview,，FTX Users Can Now Withdraw Funds Without Filing for BankruptcyIt was CZ's questioning and margin issues that combined to cause FTX to go bankrupt,Bloomberg:LedgerX Plans to Provide $175M for FTX's Bankruptcy ProceedingsFTX Announces Resumption of Salaries to Employees, Excluding Executives Like SBF，Attorney General of the Bahamas，: Civil and criminal investigations into FTX ongoing, SBF saysIts $100 million Twitter stake is missing, some may have been sold by Alameda

,Informed sources:Genesis creditors are working with restructuring lawyers to avoid bankruptcy declaration，Ankr HackedVice President of AAX: I have resigned and the brand no longer exists;In addition, in terms of policy and macro markets, Powell:

Fed likely to slow pace of rate hikes at December FOMC meetingUS CFTC ChairmanCall for Crypto Legislation at First FTX Hearing in Congress,Financial Secretary of Hong Kong: A new licensing system will be introduced for virtual asset service providers;In terms of opinions and voices, the Wall Street Journal:Tether's Rising Lending Raises Risks in the Stablecoin and Crypto World, Tether respondedIts lending program poses no risk, founder of Messari:DCG will not sell GBTC due to liquidity crisisWBTC is backed by a 1:1 Bitcoin reserve；

Institutions, large companies and top projects,, founder of ConsenSys:The collection of IP addresses by RPC providers is a necessary procedure for the operation of DApps, and Infura will not utilize user data, V God:The Value Narrative of Governance Tokens Is PathologicalInstitutions, large companies and top projects,Apple Requires Coinbase Wallet iOS to Use Its In-App Purchase System for Gas Fees, Jack Dorsey's bitcoin companyTBD intends to apply for the "Web5" trademarkTo prevent abuse, Binance，Publish the Merkle tree BTC asset reserve certificate，Discord,as well asWallet Transparency Description: Building isolated on-chain client crypto asset wallets, CZ saysA third-party auditor will be invited to audit the results of the proof of reserves，WBTC DAOMany big Vs "playing memes" caused WETH to crash and panic

: From now on, American creators can earn creative income on the platform,，Telegram wallet bot supports direct trading of BTC and TON in the chat interface，,andPlans to launch crypto wallet and DEXPlan to reset the smart contract multi-signature scheme;Uniswap officially launched the NFT market and will airdrop 5 million USDC to some Genie usersdYdX has voted for the proposal to "shut down the existing security staking module"，Sushi's new CEO: The first draft of the new Token economics has been completed and will be displayed internally next week.1inch launches RabbitHole function，, to help MetaMask users defend against sandwich attacks, Sui Network:，Community members can apply to delegate SUI to start a validator, which will solve the key problem of sequencers, Andre Cronje:

NFT and GameFi fields,NFT and GameFi fields,...well, another week of ups and downs.

With "Editor's Picks of the Week" seriesPortal。

See you next time~