This article reviews the past and present of TON, its core logic and ecological development.

Except for XAI, there was no large-scale unlocking this week.

As the largest cryptocurrency, Bitcoin continues to gain adoption and recognition. However, its success has also exposed some limitations and challenges, especially in terms of scalability. For example, after the Segwit upgrade, the Bitcoin blockchain has limited the block size to 4 MB, which limits the number of transactions that can be processed in a given time. As the network grows, this limitation leads to longer confirmation times and higher transaction fees, making Bitcoin less efficient when handling large transaction volumes. Compared to other blockchains, Bitcoin's scripting language currently lacks the flexibility and expressiveness required to develop complex smart contracts in addition to value transfer. To address these limitations, a variety of Layer 2 (L2) solutions have been proposed, such as payment channels, sidechains, and Rollups. Most of them aim to scale Bitcoin by processing transactions off-chain, trying to increase transaction throughput without affecting the security of the base layer. For example, the Lightning Network creates a second-layer payment channel network that allows near-instant small payments. Another approach is sidechains - independent blockchains connected to the Bitcoin main chain, with greater scripting possibilities and faster transactions. However, these solutions often come with trade-offs, such as increased complexity, trust assumptions, and potential security vulnerabilities.

Over the past week, the prices of Bitcoin and Ethereum continued to fall, while the volatility and trading volume of these two cryptocurrencies reached the highest level during the decline on July 4. The open interest of Bitcoin and Ethereum has increased. In addition, the implied volatility of Bitcoin and Ethereum has also increased simultaneously. Bitcoin's funding rate remains at a low level, which may reflect the continued low leverage sentiment of market participants towards Bitcoin. Market breadth indicators show that most cryptocurrencies continue to fall, indicating that the overall market has maintained a weak trend over the past week.

This article explores the latest innovations in the SocialFi space, focusing on Solana's Actions & Blinks and Ethereum's Farcaster & Lens Protocol. Solana uses browser plug-ins to implement one-click swaps, voting and other functions, and uses Web2 applications to obtain more traffic, while Ethereum's protocol focuses more on decentralization and security. The article analyzes the similarities and differences between the two in terms of technical architecture, data management and application ecology, and explores their respective advantages and disadvantages and their potential in promoting the future of decentralized social finance.

While challenges remain, the first wave of tokenization is already here.

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The Toncoin project itself has a unique technical architecture that makes its performance as a public chain surpass that of all current public chains, giving it a certain advantage in the fiercely competitive L1s track. At the same time, it has the traffic support of Telegram, forming a moat that other public chains cannot achieve.

Ethereum founder Vitalik Buterin said: In the short term, Optimistic-Rollups will win because of EVM compatibility, and ZK-Rollups are more likely to win in some use cases such as simple transactions. In the medium and long term, with the improvement of zk-SNARK technology, ZK-Rollups will eventually win all use cases.

The start of a massive sell-off in Mentougou could become a significant buying opportunity for short-term trading.

Explore PEPE's past and future.

The divergence between the US CPI and non-farm data in June has caused the market to be unable to reach a consensus on the number of interest rate cuts, and can only "wait and see". Nvidia's market value once ranked first in the world, becoming the pride of the AI era. However, the US stock market is severely divided, the price-earnings ratio is high, and the bubble has already appeared. The crypto market fell for no reason this month. The selling of old OGs and miners may be the direct cause of the decline, and it also provides new opportunities for subsequent investment.

Focus on on-chain data and review daily news.

There are 10 million independent active wallets connecting and interacting with dApps every day, a 40% increase from the previous month.

BTC options investment may be the optimal solution for current asset allocation

A must-read for beginners, please check out this introductory guide to the chain.