Editor’s Note: LianGuaiNews has selected high-quality content of the week to help everyone catch up and fill in the gaps during the weekend. Click on the titles to read more.
The Fallen Crypto Kings
Former friends to testify against SBF, other witnesses revealed
SBF’s trial started on October 2nd, and his former closest friends will testify against him, posing the biggest threat. The U.S. Department of Justice also announced over the weekend that prosecutors plan to subpoena former FTX clients and investors from around the world as witnesses during the trial.
What to expect on the first day of SBF’s trial
- How can ‘NFT’ and the news industry collide and create sparks?
- LianGuai Morning News | Hong Kong police and Hong Kong Securities and Futures Commission strengthen cooperation to supervise and crack down on illegal activities related to virtual asset trading.
- 【Ongoing Updates】Exclusive coverage of SBF’s trial Jury selection begins; SBF has never reached a plea agreement.
The trial of SBF, the founder and CEO of FTX, will begin on Tuesday, and the main task on the first day will be jury selection. This article explains the focus of the first day of the trial.
Co-founder of Three Arrows Capital, Su Zhu, arrested and may face 4 months of imprisonment, co-founder Kyle Davies still missing
After a Singapore court agreed with the company’s claim that Su Zhu had not complied with a court order, the liquidator obtained a remand order, which is used to send someone to prison for contempt of court.
Will Su Zhu’s imprisonment be extended beyond four months?
Su Zhu was arrested for not cooperating with the liquidation investigation, and further developments may be worth paying attention to.
Chat logs of Do Kwon exposed: More than just fake trading
Do Kwon bluntly admitted that they faked trading volumes, with the most shocking revelation being the admission of pre-mining 1 billion stablecoins. The funding data may be heavily diluted. Kwon also stated that the public is really stupid.
The founder of Three Arrows Capital, whose $48.8 million mansion has become a farm
The backyard of this mansion has been developed into an urban ecological farm called Yarwood Homestead, which serves as the tropical research and development base and headquarters of his wife’s company, Abundant Cities.
Macro Perspective
Analysis: Why is the bull market expected to start no earlier than next year from the halving perspective?
The Bitcoin halving is expected to occur in the middle of 2024, which has sparked increasing speculation among investors. However, if history repeats itself, the bull market will not start until next year at the earliest.
12 charts explaining the continued decline of the crypto market in September
Overall, the past month has continued to show a depressed state, with many indicators even further declining. This article uses 12 charts to interpret the state of the crypto market in September.
Reflections on the past decade in the blockchain industry: What is the root cause of the long-term failure to land industry applications?
In the past decade, there have been many unsatisfactory aspects and detours in the development of the blockchain industry. Some of these problems are objective and cannot be solved solely by the industry itself, but there are also many subjective issues that are worth reflecting upon.
Can Hong Kong Rise Against the Trend in the Cryptocurrency Field? Chainalysis Report Reveals East Asian Cryptocurrency Landscape
In recent years, Hong Kong’s various cryptocurrency initiatives and friendly industry policies have brought new vitality to East Asia. The former king of the cryptocurrency field is expected to undergo some exciting transformations.
Opinion: Change in Leadership of the U.S. House of Representatives May Not Be Favorable for the Cryptocurrency World
Many issues remain unresolved, including who will become the next Speaker of the House and whether the U.S. government can continue to avoid a government shutdown after the temporary funding agreement expires on November 17.
Seizing Opportunities
An Overview of Promising Projects in the Intent-Centric Ecosystem
The emergence of the Intent-Centric approach is not accidental. It, along with other projects such as user-friendly account abstraction, TGBot, and MPC Wallet, aims to further advance the widespread adoption of Web3 narratives.
Exploring Sugartown: Zynga’s Web3 Game Revolution
Gaming giant Zynga enters the Web3 space with its own game platform, “Sugartown”. Considering Zynga’s success with popular games like “FarmVille” and “Words with Friends” prior to embracing Web3, P2E enthusiasts can expect high-quality gaming adventures.
New Project in the Web3 Social Track: In-Depth Analysis of the KOL Time Trading Platform – Time Store
The emergence of friend.tech has sparked a wave of Web3 social trends. In this article, the author shares an interesting similar product recently discovered – the KOL Time Trading Platform called Time Store.
What’s Happening in Web3
Video: From Trader to Crypto Billionaire! Unveiling the Legendary Story of BitMEX Co-Founder Arthur Hayes
Introducing a prominent figure in the industry, BitMEX co-founder Arthur Hayes. Many may be familiar with him and may have even read his writings. How did he transform from a financial genius to a crypto enthusiast? This video will uncover his legendary story.
Backed by Social Media Giant Telegram, Will the TON Ecosystem Be a Flash in the Pan or a Resounding Success?
The popularity of the Telegram Bot track this year has also boosted the related concepts of the Telegram platform. This article provides a brief understanding of the development of Telegram and TON in the blockchain industry.
After the JPEX Scam Involving Over HKD 1.5 Billion, How Will the Hong Kong Securities and Futures Commission Proactively Optimize Regulation?
The Sa Sisters team analyzes the four major regulatory optimization measures proposed by the Hong Kong Securities and Futures Commission during the JPEX case press conference, as well as the potential impact that may follow.
Former President of Polygon Labs: Gaming will be the key factor in mainstreaming cryptocurrencies
Ryan predicts that the crypto industry and gaming will undergo a series of transformations in the coming years. Technological advancements and increased capital investment will be key factors driving the development of this field.
Ethereum transactions decrease, Layer 2 dominates the market: In-depth analysis of on-chain activities and trends
Ethereum transactions remain sluggish, while Layer 2 transactions are active. LianGuaiNews analyzes on-chain data to reveal the relationship and trends between the two.
Tech Style
In-depth analysis of SSV Network technology principles and development prospects
This article conducts an in-depth analysis of the SSV Network’s ability to address the centralization issue in Ethereum’s staking protocol, focusing on its technological principles and development prospects.
Decoding Ethereum Gas Fees: How to reduce transaction costs?
Ethereum blockchain has completely revolutionized decentralized applications and smart contracts, but every transaction incurs Ethereum gas fees. In this guide, we will unveil the mystery of Ethereum gas fees, understand their basic principles, calculation methods, factors influencing costs, and effective strategies to control costs while optimizing transactions.
Latest long article by Vitalik: Should the Ethereum protocol encapsulate more functionalities?
Encapsulating functionalities can help avoid centralization risks in other areas of the stack; encapsulating too much content may excessively expand the protocol’s trust and governance burden, making the protocol overly complex; in the long run, encapsulating functionalities may backfire as user demands are unpredictable.
LayerZero’s integration with Google Cloud prompts thinking: Should cross-chain rely on oracles or ZK?
From the perspective of industry development, this is a win-win route for ZK cross-chain protocols such as LayerZero and Polyhedra, as well as the entire industry. The liquidity fragmentation issue has spread to the cross-chain field, and if ZK proofs can serve as oracles, it may achieve the consolidation of currently fragmented liquidity.
Key News
US SEC, along with five other regulatory agencies, issues a warning on crypto investments
Macao Judiciary Police: Virtual currencies are not legal tender in Macao, be cautious of scams
CZ initially refused to cooperate with SBF before acquiring 20% stake in FTX; SBF later repurchased CZ’s FTX shares at over 27 times the price
“The Big Short” author: FTX owes the top 50 accounts a total of $4 billion, including $280 million from Jump
US Federal Reserve data: Bitcoin performs better than the US dollar in resisting inflation
Arbitrum launches the second week of its Odyssey event, with tasks on TofuNFT and Aboard Exchange
Judge denies motion by the US SEC to appeal the ruling in the Ripple case
Volatility Shares withdraws Ethereum futures ETF application
Southern Fund’s Bitcoin ETF fund has a high yield of 54.63%, and several public fund experts have entered the field of digital currency
El Salvador launches the first Bitcoin mining pool, which will utilize geothermal energy for mining
Like what you're reading? Subscribe to our top stories.
We will continue to update Gambling Chain; if you have any questions or suggestions, please contact us!
