Crypto海风

Bitget's $BGB is undergoing a profound value reconstruction. It is no longer just a platform token, but has opened a new on-chain narrative by becoming the native asset of the consumption chain L2 network @MorphLayer. Market sentiment data also reflects this, and I noticed significant positive feedback from its community regarding this move.

▍First of all, the underlying utility of BGB has undergone a fundamental shift. It will serve as the Gas fee and governance token for Morph Layer, which means that the demand for BGB is no longer driven solely by activities within the Bitget platform, but is directly tied to the prosperity of an independent public chain ecosystem. This is a crucial leap from application scenarios to ☛native utility.

I think its deflationary model has become more imaginative, with a one-time destruction of 220 million tokens, just marking the beginning. In the future, the destruction of BGB will be linked to the on-chain activity of Morph, forming a sustainable deflationary engine.░░ So what I envision is an asset that is constantly being consumed and whose total amount is decreasing, which will naturally reshape its value expectations.

Bitget has officially opened the deposit channel for USDC and USDT on the Morph chain. This is not just an additional deposit option, but a crucial financial artery for the Morph ecosystem.

For many users looking to explore the @MorphLayer ecosystem, the cumbersome cross-chain steps of the past can now be left behind, allowing stablecoins to be seamlessly deposited from exchanges into the world of Morph, significantly lowering the participation threshold.

For an emerging ecosystem, a convenient entry point and abundant liquidity are the cornerstones of growth~

The joint statement by the SEC and CFTC is a milestone event in the evolution of the regulatory framework for digital assets in the United States. This is not only an acknowledgment of the crypto industry but, more importantly, it sets the tone for the direction of financial innovation.

░░As @armaniferrante pointed out in his tweet, this shift in macro policy has transformed the vision of 'future finance on-chain' from an abstract slogan into a clear and actionable roadmap. The clarification of regulations has removed the biggest obstacles for teams dedicated to building truly trustworthy, transparent, and compliant on-chain financial products.

Traditional finance lacks transparency. On-chain systems, through cryptographic proof and consensus mechanisms, shift the foundation of trust from institutions to publicly verifiable code and ledgers. This represents a paradigm shift from 'human governance' to 'code governance.'

Furthermore, @Backpack is steadily advancing towards becoming the world's first regulated exchange product with minimal trust and fully operational on-chain.

☛ The path mentioned by @armaniferrante is quite representative:
Backpack's current practices include daily execution of reserve proofs, adoption of a distributed multi-validator architecture for unified management of trade execution and asset custody, and plans to transition to real-time state integrity verification to achieve end-to-end verifiability from the historical starting point to the present, with anchoring guarantees provided by a public chain.

Established a Chinese community for VOOI with teachers like
@0xAgata

@dongdongRobin

@btcly17
and others!

Additionally, we have a VX group where there are trading experts, top-notch traders, etc. DM me to join~ In there, "we can provide feedback on issues and bugs to the official team", discuss trading strategies, techniques for earning points, and more! Hurry up~

Below is an image from
@vooi_io
comparing with previous projects that had airdrop shares.
Received investment from YZi Labs and was selected for the Binance Labs MVB Accelerator Program, which provides strong backing and is considered a top-level endorsement.

Vooi is positioned as a cross-chain aggregator, aiming to become the traffic entry point for perpetual contracts, rather than a single DEX, with a very unique model.

The data also seems to have certain support, indicating that the product has been validated, with a recent trading volume of about $686 million over the past 30 days.

The market benchmarks against the already launched Hyperliquid (FDV ~$44 billion) and Drift (FDV ~$5.6 billion), can’t really compare to these two big brothers, especially Hyperliquid, this giant, but they provide valuable references for the points airdrop track.

Who is leading the profound transformation of the Ethereum ecosystem from pure finance to daily consumer applications that serve billions of users? It is the Layer 2 network designed specifically for consumer-level scenarios — @MorphLayer

The goal of Morph goes far beyond improving transaction speed or reducing costs. Its core mission is to remove obstacles for large-scale mainstream applications through its innovative 'Responsive Validity Proof' (RVP) technology, ensuring security and EVM compatibility while providing a smooth user experience comparable to Web2.

To achieve this grand vision, @MorphLayer's strategy is like two sides of a coin, closely linking 'Morph Rails' and 'Morph Pay' to build a complete ecological closed loop:

▘ One side is Morph Rails: This is the underlying 'track' and decentralized 'Stripe' created for developers and merchants. It provides a comprehensive set of modular programmable tools covering payments, compliance, financial services, etc., allowing builders to create powerful consumer-level applications on this track with unprecedented efficiency.

▘ The other side is Morph Pay: This is the train directly aimed at users and the ticket to enter a new world. It is not just a digital wallet; it is also the ultimate delivery window for all applications built on Morph Rails. It simplifies complex blockchain interactions into seamless daily operations, enabling users to easily and securely use digital assets for consumption.

In simpler terms, the former empowers creation, while the latter drives usage.

TEN Frens Good evening. We immerse ourselves in Web3 to reclaim ownership of the digital world. But have we inadvertently traded privacy for transparency? Every transaction, every bid, every strategy is conducted as if in a giant glass house, exposed to all prying eyes.

While others assume everything on the chain is transparent, allowing MEV bots to tear profits apart like hyenas, TEN has chosen a different path.

What @tenprotocol is building is not another L2, but a cryptographic L2 Rollup designed for Ethereum.

What does this actually mean?

It means that through Trusted Execution Environments (TEEs), the EVM virtual machine is wrapped in a digital vault that cannot be pried into.

🔧
→ Your transaction details are encrypted.

🔧
→ Your smart contract status is private.

🔧
→ Your dApp interaction logic is invisible to others.

Even node operators cannot know the contents within.

This is not just a feature; it is the right I deserve.

@tenprotocol translates complex technology into an experience within our reach:

👌
For DeFi traders, trading is no longer anxiety-inducing.

👌
For gamers and developers, on-chain games have finally ushered in true fog of war.

👌
For builders and AI explorers, their imagination is no longer limited.

Now, the ball is in our TEN fam's court.

If your dApp logic and user data could be completely encrypted and protected, what is the first thing you would want to build!?

For millions of freelancers and digital entrepreneurs around the world, the joy of getting paid is often dampened by high fees, long waits, and complicated processes. Traditional payment platforms, such as PayPal and bank wire transfers, while widely used, have inherent flaws that increasingly become obstacles to global collaboration. An emerging solution is changing this status quo: @MorphLayer.

☆☆☆ A freelancer from a small town shared his personal experience, which resonated with many. "When he started working online for international clients, receiving payments became a huge challenge." His country does not support PayPal, the verification process for Payoneer is cumbersome, and bank wire transfers not only have high fees but can sometimes be delayed or lost for no reason.

Bank/PayPal fees are high and slow, with a payment of $400 often shrinking to $360.

Morph Pay completely changes the game—$250 is received instantly, with a fee of only $1 (which is $25 more than banks, equivalent to a week’s expenses). Its efficient and low-cost service comes from the decentralized payment infrastructure Morph Rails—an inclusive alternative to Stripe that eliminates intermediaries, making global payments more open and seamless.

A certain KOL in the English-speaking area exposes that the project team of the palm print has transferred 60,000 USDC from the community reward of 100,000 USDC into a wallet suspected to belong to team members, indicating serious interest transfer

$H

Today, many English-speaking KOLs are fiercely criticizing @Kalshi, the prediction market platform, because Kalshi hired a KOL to whitewash its previous dark history: Kalshi slandered @Polymarket during the 2024 US elections, actively shutting down access for US users due to regulatory pressure. In simple terms: eliminating competitors under the guise of regulation.

That's why @nikokampouris said:

—— “They are trying to destroy what we built ourselves.”

—— “I support Polymarket because I support cryptocurrency.”

This is easy to understand; Polymarket is a decentralized, crypto-native platform that represents the decentralized, anti-censorship, and user sovereignty values of the crypto community. It is a project nurtured by the crypto circle, while Kalshi, backed by traditional finance with its Wall Street background under the supervision of the US SEC, is essentially an outsider.

Here, @0xMakesy directly called out John Wang for joining the paid posting gang, saying Kalshi is the least embodying the spirit of cryptocurrency among prediction markets.

After reading, the key point is that Kalshi hired KOLs to write soft articles to whitewash their image, but said nothing about how they used regulatory pressure against Polymarket.

Magic Eden has been gaining some traction in the English-speaking region today. The reason is that a certain individual requested @MagicEden to delist two Rune tokens suspected of wash trading, and this is the 103rd day he has spoken out.
😂

He pointed out that ME has removed TANOOKI from the Rune trading leaderboard Top 10 due to suspected wash trading, but why is there no action taken against the other two more obvious problematic tokens?

He also mentioned that the transaction fees for these two tokens are very low, not worth it, and they are taking up space for quality projects in the top ten list.

░░Then a Magic Eden official responded in his comment section: The reason Tanooki was delisted is that the official found several specific wallets engaging in high-frequency wash trading, so it was removed. They kept the low-volume tokens because these projects might come from real niche communities in East Asia, and the official does not mind the low fees. The key question is why the other two tokens were not delisted; it’s because this person lacks evidence
🤣
, and they will only reconsider when evidence of on-chain wash trading is provided.

☛☛☛ Another buzz regarding ME is actually not very hot and has not caused much ripple; it's just that someone discovered a technical glitch on the Magic Eden platform. When viewing apartment NFTs, he was incorrectly redirected to a certain account page, finding that it had nothing to do with the ApeCoin contract and was not an official NFT.

Lastly, let’s talk about the dangers of wash trading
⚠️
which includes wash trading, volume manipulation, to put it bluntly, it’s when one person or the project team sells to themselves and then buys it back, creating false trading activity. This way, the trading history looks very active, and the trading volume is very high, causing prices to soar and attracting the attention of unsuspecting external buyers.


$ME

Proposals from both parties:
Aava DAO voting passes the WLFI proposal directly ☛https://snapshot.box/#/s:aavedao.eth/proposal/0x78c3bbbeb6ed3d33f66d5ee7049f4d79bbd4744869f83ee091a5d3390f9964f7/discussion
Direct link to WLFI proposal ☛https://snapshot.box/#/s:worldlibertyfinancial.com/proposal/0xce3ff6b195863c2217865ba6f028d2e163d9156a25cb35d923da3a5bc8479483

Today is a day worth paying attention to for XRP. We can see that several institutions such as Grayscale, Franklin, and WisdomTree have submitted spot ETF applications simultaneously. This doesn't feel like a coincidence... Furthermore, the market capitalization of $XRP has surpassed Pinduoduo, ranking 107th among global assets, and the market has already responded to it.

#Xrp🔥🔥

In the field of AI agents, which is filled with marketing hype, we are tired of hearing various promises of being the 'strongest' and 'smartest.' To be honest, I would prefer to see actual proof rather than fancy PPTs.

This is why @recallnet interests me. It feels less like a product launch and more like a public arena, a place where all AI agents can be tested to see if they are the real deal. Here, developers bring their agents to participate in open competitions, earning rankings and reputation through real-world performance. All results are transparent and verifiable, so no one can cheat.

Ultimately, its goal is to establish a trust system based on evidence rather than promises. This allows truly outstanding agents to stand out based on their capabilities, and it also enables us to confidently find them.

Last night's @tenprotocol's “🔟/🔟 Call with TEN Leadership ” live broadcast mainly conveyed the following points (personal summary):

⚫ The community round of financing was a great success, with the community round financing on the Legion platform achieving an oversubscription of up to 567%, with total application amounts exceeding 5.6 million USD.

⚫ TGE roadmap—The TGE is planned to take place in the fourth quarter of this year.

⚫ In collaboration with AI unicorn company Codable, a six-week online developer competition called “TEE Kitchen” will kick off on August 25th, with the champion receiving support of up to 100,000 USD and a direct entry slot into the incubator.

⚫ TEN will share sequencer revenue with the community, and the rewards for node staking will be paid in $ETH to achieve healthier long-term value.

⚫ With the team's over 5 years of deep experience in the TEE technology field, TEN provides developers with an immediately usable privacy application development environment; its TPS can theoretically reach 40,000, comparable to mainstream L2 solutions.

TEN's core team has over 5 years of professional experience in the trusted execution environment (TEE) field, which enables TEN to offer developers a vast and immediately available new design space. Compared to other privacy technologies like ZK,

@tenprotocol's TEE technology is supported by trillion-dollar hardware giants like Apple and Google (not just my random talk, mentioned in the live stream!), and its security is continuously enhanced in each generation of products. Notably, the unique attestation feature of TEE technologies like Intel SGX can 100% ensure that the code running in a cryptographic environment is verified and unaltered, which is the fundamental guarantee of the security of TEN's node staking mechanism.

Seeing VOOI's recent tweet trends, it feels like they are providing a comprehensive platform and activities for different types of DeFi users.

☆☆☆ First, let's talk about what everyone is most concerned about. @vooi_io has set up a dedicated reward pool for Chinese content creators. Following the Korean creators, Chinese creators are also in luck!~

░░ The recently implemented Async Quote Loading on the VOOI Light platform is a very practical update for users who pursue extreme simplification and efficiency. This means that the speed of transaction initiation has become faster. The core of VOOI Light is the chain abstraction model, which can unify multi-chain operations under a single cross-chain balance, achieving no Gas transactions, etc., greatly enhancing our experience.

░░ Coincidentally, starting today (August 19), the trading carnival event jointly held by VOOI Pro and Orderly Network is officially launched. Experienced traders pursuing professional features can enjoy trading beautifully with VOOI Pro. The event lasts until August 25, with a total prize pool of 20,000 $ORDER, and the top 40 traders will receive rewards. (For detailed reward distribution, see @vooi_io's tweet today). As long as you trade on Orderly through VOOI Pro during the event, you will automatically participate, which is a good opportunity for active traders.

(PS: For a brief version, check out the graphic I made. The official background Chinese dragon is not majestic enough! Take a look at the Chinese dragon I created.)

Plume is online on Binance, and the Cookie tool shows that after @plumenetwork went live on Binance at 9 PM last night, its exposure and 24-hour trading volume have greatly increased, with $PLUME also rising.

Recently, another hot topic regarding Plume is that WLFI advisor Ogle stated that USD1 has been minted on the Solana network, but currently lacks liquidity. Official information shows that USD1 is currently circulating on the Ethereum mainnet, Plume, BSC, and Tron networks. Among these is @plumenetwork, indicating that a significant event was anticipated.

Looking deeper, Plume Network's positioning and layout in the RWA track is its core value. Plume is building a full-stack RWA solution, with its core components including:

░░ Tokenization Engine — An open-source, free full-stack tokenization engine designed to simplify the registration, creation, and management of various RWAs.
░░ Plume Smart Wallet — Integrates custody and compliance functions directly into the wallet, simplifying user experience, and supports advanced DeFi features such as yield generation and liquidity management.
░░ Data Superhighway — Collaborating with oracles like Seda and Supra to seamlessly bring various real-world data, such as economic indicators and social trends, onto the blockchain, providing support for applications like prediction markets.

A screen full of red, I know many people are feeling anxious right now. Bitcoin has fallen below 120,000, and it feels like the party has suddenly ended.

But let's not rush to conclusions, let's take a look at a few interesting points together:
👉 The US stock market hasn't moved much, it seems this pullback is a matter for our crypto circle.
👉 Additionally, some data suggests that while we are in a panic, some institutional wallets are actually accumulating.

This leads us to today's most critical question:

Is this downturn a healthy profit-taking correction in your eyes, or a warning sign before a bigger storm arrives?

For investors, this choice directly determines your next actions. Will you choose 👇 to buy the dip and hold your position, or 👆 to temporarily exit and observe, waiting for clearer signals?

Write your opinions and reasons in the comments, and let's clear the fog together.


#加密市场回调

Mining is no longer the only way out for mining companies, as Bit Digital ($BTBT) has demonstrated with a quarterly profit of $14.9 million.

Their successful transformation from a pure miner to a diversified digital asset player may point the way to a new direction for the entire industry.

This raises a key question: How should you evaluate the value of a mining company today? Should you look at how many coins it has mined, or how many new businesses it has ventured into?

Share your valuation model in the comments section.

#BitDigital转型