NFT News by Thebittimes.Com

Author: defioasis Note: This article is a reflection on the Meme craze and should not be taken as investment advice or as an endorsement for any project. VCs and retail investors are not passing the buck to each other, and the tension between project teams and community members over airdrops and anti-sybil measures is escalating. Combined with suboptimal liquidity in the industry, Memes have become a solution. Recently, as Bitcoin rebounded to over $66,000, the tokens with the highest trading volumes on Binance were still MEMECOINS, with the top ten by volume being BTC, ETH, PEPE, SOL, FLOKI, WIF, DOGE, BNB, BOME, and SHIB, six of which are MEMECOINS. In the past few days, I have been contemplating those high market cap Memes, such as the original DOGE and the current PEPE, whose popularity stems from but is not limited to these five elements: cultural foundation, simplicity and distinctiveness, entertainment and humor, low barrier to second creation, and the push by super influencers ...

Author: defioasis Note: This article is for information sharing only, not an endorsement of the mentioned projects, nor is it any investment advice. As Binance launches ORDI and OKX Web3 Wallet provides an excellent Ordinals chain experience, more and more users are flocking to BRC-20 and into the Bitcoin ecosystem, with Bitcoin network on-chain volume and fee capture climbing steadily. Bitcoin NFT/Inscription 0n-chain volume historically exceeded $30 million for the first time on November 17th, and pushed this figure to $35 million on the 18th, setting new highs for several consecutive days. During this continuous rise, the inscription fever gradually spread from BRC-20 to BTC NFT, and radiated to multi-chains and L2 networks. On November 17th, Bitcoin Frogs’ volume reached $3.444 million, setting a new historical high; its floor price also rose from 0.06 BTC a week ago to 0.15 BTC, an increase of 150%, making it the undisputed leader in the current BTC NFT market. The Story of Bitcoi...

Author | IOSG Founder, Jocy Editorial | WuBlockchain Original link: https://twitter.com/JinzhouLin/status/1703803442521948638 My nth time attending the founders’ perspective at 2049 This industry is still growing, and this year I have attended various events such as ETHDenver, ETHCC, Black Mountain Zuzalu, Edcon, and so on. At 2049, I still met many old friends. Each such conference in the industry attracts a lot of attendees. Many companies set a budget for such conferences. Hence, with the growth of the industry, even in a bear market, the number of participants continues to rise. LPs continuously support early VCs in the industry, VCs continue to support the founding teams of emerging tracks, and teams continue to expand and grow. Everything seems to be moving in a better direction. However, the reality is different. For many teams , 2049 is their last hope for financing. If the bear market does not end, it might be their last brand exposure. Because of their expansion in the past...

Host: Colin Wu from Wu Blockchain Guests: DiscusFish, founder of Cobo, John Ge, CEO of Matrixport, and Li Peicai, a senior miner Colin Wu: I would like to invite the three of you to share your current thoughts or research on the bull-bear cycle. Has anything changed? How long do you think the bear market will continue and when will the next bull market arrive? DiscusFish : Regarding the judgment and cycle of the bull and bear markets, I see no significant changes from my perspective. There are several major factors to consider. One is the halving cycle of Bitcoin that the industry has been following every four years. Next year around April or May, we will enter another normal Bitcoin halving cycle. Typically, as history has shown, a new market cycle will commence around six months after the halving. This is a previously established narrative. However, the halving this time will involve a smaller amount of reduction, so its impact might not be as dramatic. The second aspect to consider ...

Author: Gary Ma,WuBlockchain WuBlockchain recently published a review of the regulatory assault on BUSD, in which the U.S. Securities and Exchange Commission (SEC) sued Paxos for using BUSD as an entry point for unregistered securities, and the New York State Department of Financial Services instructed Paxos to stop minting new BUSD. CZ also said, “We will adjust our products accordingly. For example, BUSD is no longer used as the primary currency counterpart for transactions “. It can be predicted that BUSD will gradually fade from the stage of stablecoin history. Given that BUSD is the ace stablecoin of BNBChain, what will happen to the stablecoin ecology of BNBChain after BUSD’s exit? Status of BNBChain’s stablecoin ecosystem According to defillama, the total market cap of the stablecoin ecosystem on BNBChain is now over $9 billion, with BUSD having a 53% share and a market cap of about $4.8 billion. This is followed by USDT with a market cap of about $3.2 billion (35%), USDC with...