BridgeNomad

Crypto Assets Market Outlook: Market Direction, Token Differentiation, and Future Opportunities
As the weekend approaches, I have more time to think about market trends. I believe the true trend of the crypto assets market will not become clear until after September. Considering factors such as macroeconomic resistance, summer liquidity constraints, and quarterly rebalancing, substantial market changes may only occur after the August holiday ends and participants return to the market. Recent market activities show that the rise of most altcoins is mainly due to short squeezes. Traders are influenced by previous rebounds to chase prices, but there is a lack of support from long-term holders. As expected, most tokens that surged experienced similarly severe pullbacks afterwards.
Ethereum has experienced an unexpected rebound, and sectors that were previously hit hardest, such as AI and coins, are leading this wave of recovery. In contrast, Tokens with practical use, solid fundamentals, or buyback mechanisms have shown stronger resilience and recovery ability, such as Syrup, Hype, and AAVE.

Sky-high prices work as bait - demystifying one of the biggest hacks in the crypto world
In the cryptocurrency industry, a jaw-dropping hack has once again reminded people of the importance of cybersecurity. The incident stemmed from a seemingly ordinary job application that resulted in the loss of $540 million worth of cryptocurrency.
It happened earlier this year when a senior engineer at a blockchain gaming company received an attractive job offer. However, the job offer was actually an elaborate trap that ended up triggering one of the biggest hacks the crypto industry has ever seen.
The main victim of this incident is the exclusive sidechain of a well-known blockchain game. In March, the sidechain was hacked, losing $540 million worth of cryptocurrency. Although the U.S. government later linked the incident to a state-level hacking group, the specifics of the attack remained

There is a potential problem with the stablecoin's terms of service: users may not be able to redeem it freely
The recent UST crash has raised questions about the stability of stablecoins, the most critical of which is whether stablecoins are backed by sufficient assets. While reserves are an important measure of the stability of a stablecoin's value, it may lose its relevance if the legal provisions of the stablecoin do not give holders the right to exchange on-chain assets for fiat currency.
This article will focus on the terms of service of USDT and USDC, two of the largest stablecoins by market capitalization, and the results may come as a surprise.
Tether, the issuer of USDT, stipulates in its terms of service that if there is a problem such as insufficient liquidity in the reserve, it can be redeemed or withdrawn delayed, and even redeemed in kind with assets such as securities in the reserve. This means that even if you buy USDT with USD, you may not be able to redeem the equivalent USD.
It's worth noting

Recently, a court hearing has attracted widespread attention. At the meeting, the judge asked the defense lawyer of the founder of a cryptocurrency trading platform about the length of probation. The judge asked, "What do you think of the recommended five-month probation?" "
To this, the defense lawyer gave his own response: "I agree with this proposal, but I would like to point out that while proposing a five-month probation, six factors that could shorten the probation period are also listed. "
The conversation revealed the details of the sentencing considerations in the course of the case. The response of the defense attorneys indicates that they are actively seeking possible mitigating factors in order to achieve a more favorable verdict for the accused.
This judicial process reflects the legal challenges faced by the Crypto Assets industry, while also highlighting the complexity of the proceedings in related cases. As the Crypto Assets market continues to develop, similar legal issues may increasingly come to the public's attention.

On September 20th, an event called "Growth Hacker Camp" kicked off in Singapore. The event focused on growth strategies and the nature of marketing, and attracted a wide range of industry experts.
Among them, an industry veteran shared his insights in the keynote speech "The Marketing Journey of Web3". She emphasized that enterprises should focus on the core concepts of marketing when formulating market entry strategies, such as user demand, market supply, value creation, etc. She pointed out that the market is composed of three elements: population, purchasing power and purchase desire, and there are differentiated preferences in different markets.
For example, a recent popular instant messaging platform game was so popular in a Middle Eastern country that it even attracted the attention of the government, but it was actually aimed at the country's economic situation. This phenomenon highlights the diversity of market preferences.
The expert further elaborated that the essence of marketing is a continuous and evolving process, based on the product concept, by providing excellence

Recently, a report from an independent news organization has attracted a lot of attention. According to the report, the co-founder and CEO of a well-known instant messaging app entered Russia several times between 2015 and 2021. The information, which stems from data leaked by Russia's main intelligence agency, was first exposed around August 20 and subsequently hidden on August 26. The news agency said it partially verified the authenticity of the data through exchanges with Russian opposition investigators.
It is reported that the executive did not deliberately hide his itinerary. He has travelled several commercial flights between St. Petersburg, Russia and major European cities, and even traveled by rail from Russia to Helsinki, Finland. Born in Russia, the executive co-founded a Russian social networking company in 2006. In 2014, he resigned for refusing to comply with orders from Russian authorities to disclose personal information about Ukrainian protesters

Real Estate RWA Project Research: Bricks on the Blockchain
Real-world asset (RWA) tokenization has been in the cryptocurrency market for many years, with early attempts including asset tokenization and security token offerings. However, these attempts have failed to gain scale due to imperfect regulation and a lack of significant gains.
In 2022, as U.S. interest rates rose, Treasury yields surpassed stablecoin lending rates in the crypto space, making Treasury RWA tokenization more attractive to the crypto industry. A number of established DeFi projects and traditional financial institutions are starting to explore RWA.
In the past two years, a number of real estate RWA projects have emerged, aiming to expand the real estate investment market, enrich investment products, and lower the threshold. This study will analyze the design strengths and weaknesses of these projects and their potential markets, with a focus on the North American real estate market.
Ways to tokenize the real estate market
The investment opportunities in the real estate market are huge. Data for March 2023 shows that the North

Reflections on the frequent attacks on the BSC chain
Recently, a series of security incidents have occurred on the BSC ( Binance Smart Chain ), which has attracted widespread attention in the industry. As an alternative public chain to Ethereum, BSC has attracted a large number of users due to its low transaction fees and fast transaction speeds. However, with this comes the constant occurrence of money theft and arbitrage.
According to statistics, in May alone, there were 12 security incidents in BSC, causing a total loss of more than $270 million. The most serious of these was the attack on the Venus project, which resulted in a deficit of more than $100 million. In addition, PancakeBunny, Spartan Pools V1, bEarn

Hidden risks of fake exchange apps: user funds are threatened with theft
Recently, a new type of cryptocurrency fraud has attracted a lot of attention. Some users unknowingly transfer funds to the hacker's wallet while using a seemingly normal trading platform app. This scam cleverly exploits the user's trust in the app and steals funds by replacing the transfer address.
It is reported that some users encountered a situation where the funds did not arrive when they were preparing to transfer ETH from other wallets to a well-known trading platform. After verification by customer service, it was found that the recharge address used by the user did not belong to any user of the platform. In another similar incident, a user transferred USDT from another platform, and the first transaction was successfully received, but the second transfer of more than 5,000 USDT was delayed.
Through on-chain data analysis, an address suspected of participating in this type of fraud has received nearly 400 transfers in the past month.

Analysis of the principle of Binius STARKs and its optimization thinking
1 Introduction
Unlike elliptic curve-based SNARKs, STARKs can be thought of as hash-based SNARKs. One of the main reasons for the current inefficiency of STARKs is that most of the values in the actual program are small, such as indexes in for loops, true and false values, counters, etc. However, to ensure the security of Merkle tree-based proofs, when the data is extended with Reed-Solomon encoding, many additional redundant values occupy the entire domain, even though the original values themselves are very small. To solve this problem, reducing the size of the domain becomes a key strategy.
As shown in Table 1, the first-generation STARKs are 252 bits, the second-generation STARKs are 64 bits, and the third-generation STARKs are 32 bits

Bitcoin smart contracts new proposal: The similarities and differences between OP_NET and Arch
Recently, OP_NET and Arch, two smart contract implementations of the Bitcoin mainnet, have sparked extensive discussion. While OP_NET name is similar to OP_CAT, the two are very different in nature.
OP_CAT is a Bitcoin opcode used for string concatenation operations. Its revival involves a soft fork of the Bitcoin network, and relevant proposals are still ongoing. Although it has been revived for many years on BCH and BSV, actual use cases remain limited. The revival of OP_CAT may be the first step in unlocking the potential of Bitcoin smart contracts.
In contrast, OP_NET belong to the protocol category and have nothing to do with Bitcoin opcodes. Its technical framework includes the Bitcoin mainnet as the "behavior initiation layer" and "final confirmation layer", and the "execution layer" consisting of OP_VM and OP_NET nodes. The user passes

The Token Issuance Wave of the Berachain Ecosystem: Opportunities and Challenges
Recently, several projects in the Berachain ecosystem have launched or plan to issue tokens, which has sparked widespread discussion in the industry. Although this phenomenon reflects the vitality of the ecosystem to some extent, it also brings a series of questions worth pondering.
Token issuance can undoubtedly spur economic activity, spark market speculation, and even drive protocol growth. However, we need to carefully consider the true value of the token issuance. Once a project issues a token, its public perception will inevitably be pegged to the token price. In the current market environment, it is difficult for most emerging tokens to escape the influence of the overall market trend, and the downturn in token prices may directly affect the adoption rate of the product.
Ideally, the token should be launched when the product demonstrates clear market fit and is in a rapid growth phase. It should serve as a reward for early users while also acting as a push.

Bitcoin's 2024: From ETF Approval to Breaking $100,000, a look back at the pivotal moments that changed the crypto landscape
It's time for the year-end wrap-up again. In 2024, the bitcoin market will be volatile, with a number of major events driving the industry to climb, and the price of the coin will break through the $100,000 mark, hitting a record high. It's been a milestone year for the crypto industry as a whole. This article will take stock of the key moments that affected the fate of Bitcoin in the context of time, and review the glory and hardships of this year.
Bitcoin spot ETF was approved, ushering in a new era of institutional investment
On January 10, the U.S. financial world ushered in a major change - the approval of the Bitcoin ETF. This allows institutional investors such as listed companies, pension funds, and various funds in the United States to officially enter the cryptocurrency field through this financial instrument, opening a new era of public purchase and holding of Bitcoin.
In April, the first batch of Hong Kong Bitcoin and Ethereum spot E

Returning to Growth-Driven Value: How Can Tokens Get Out of the Woodwork?
1. The crypto market as a whole is in crisis
The crypto market is currently in a state of unusually low liquidity. Bitcoin's breakthrough to new highs failed to lead other tokens higher, suggesting that the market as a whole is facing challenges. On the one hand, the marginal halving effect of Bitcoin is decreasing, and the larger base limits the upside. On the other hand, the global economic cycle may be changing, affecting the overall movement of the crypto market.
2. The consequences of over-investment and mispricing
The boom of 2020-2021 allowed some projects that should have been phased out to survive and be financed at unreasonable valuations. This has led to the emergence of these projects in the secondary market at high valuations in 2023-2024. However, it's not just the tokens that are facing problems, the entire market is stuck in a massive negative-sum game. In the absence of external cash flows, the market is forming a pyramidal structure, with the top making a profit by exploiting the bottom

Sui Lutris: A new breakthrough in blockchain performance
Blockchain technology has come a long way since the advent of Bitcoin. With the rise of new applications such as gaming and NFTs, the industry is constantly exploring ways to improve the efficiency of the technology, especially when it comes to handling high loads and achieving real-time latency. L1 blockchains face two major challenges: the need to achieve high throughput while maintaining low latency, and the need to ensure the long-term stability of the consensus protocol. Addressing these challenges also requires maintaining decentralization through the dynamic participation and reconfiguration of validators.
One way to achieve high throughput is to use a DAG-based consensus protocol. This type of protocol enables blockchains to process a large number of transactions at the same time, making them ideal for use cases such as gaming and NFTs. However, DAG-based protocols often result in delays of a few seconds, which can be costly for ordinary transfers or game operations.
On the other hand, the non-consensus protocol is reducing latency and expansion

Key points and strategies for Web3 user growth
The success or failure of a Web3 project is often tied to user growth. Many projects attract users quickly at the beginning, but soon face the problem of user churn, and eventually fall into a "death spiral" and fail. Unlike traditional fields, the impact of the cryptocurrency market on Web3 projects is more direct and significant: a hundred flowers bloom in a bull market, and most projects are eliminated in a bear market. These failed projects usually have a common characteristic: in a bear market environment, the price of the project's token continues to fall, resulting in the failure of token incentives or even the damage to the interests of users, and ultimately causing serious user churn.
User growth is the long-term goal of the product, and the core lies in building a benign interaction system between the product and the user, and gradually expanding the market share through continuous iterative optimization of the product, so as to achieve the continuous growth of user scale and value. In 2022, the number of active users in most Web3 app categories has declined to varying degrees