Meme, Crypto Market, Market, Is MeMe Coin Really Swallowing VC Coins? Golden Finance, We are here to invest, not to gamble.

In May, most indicators of the cryptocurrency market fell. This article will use 11 charts to interpret the status of the cryptocurrency market in the past month.

Doodles got full marks, BAYC was excellent, Fat Penguin performed poorly, and Moonbird was at the bottom... Did the results meet your expectations?

On June 1, Children’s Day, the Hong Kong Securities and Futures Commission gave the virtual asset market a big gift.

Golden Weekly is a weekly blockchain industry summary column launched by Golden Finance. Its content covers the week's key news, mining information, project dynamics, technological progress and other industry dynamics.

ETH has never had a stable token economic model, let alone a "hundred-year plan" with a strict, concise, and elegant issuance formula like BTC.

The crypto market needs to attract the masses, such as new consumer applications such as Fantasy Top and Polymarket. Farcaster and Lens are potential platforms that can reward early users through airdrops.

Mass Adoption is an ongoing narrative theme in the Web3 space, and its core goal is to migrate the huge user base accumulated by the Web2 platform to the Web3 ecosystem.

This week, 28 blockchain startups raised $169.7 million in funding. The largest round was raised by Babylon, which raised $70 million. 13 projects received seed and pre-seed funding, and 15 projects received other rounds of funding.

SocialFi application developers need to own multiple layers of the SocialFi stack in order to build defensibility into the protocol.

1. a16z Crypto Crypto Startup Accelerator 2024 Spring was launched this week, and the list of 25 participating projects was announced; 2. MyPrize completed two rounds of financing totaling US$13 million, with a valuation of US$140 million; 3. Galaxy Digital reports 2023 net profit of $296 million; 4. Crypto game development company Gunzilla Games completed US$30 million in financing, led by CoinFund and others; 5. Modular AI chain data availability protocol 0G completed a $35 million Pre-Seed round of financing, led by Hack VC; 6. Bitcoin DeFi platform ALEX completed a new round of financing of US$10 million; 7. Tether: Expand strategic focus to the field of AI; 8. Modular L2 development company Reya Labs completed US$10 million in financing, with participation from Coinbase Ventures and others; 9. Bloomberg ETF analyst: Hong Kong may create a physical Bitcoin ETF in the opposite way to the United States; 10. Manta has opened the withdrawal channel for New Paradigm activities; 11. U.S. Department of Justice: KuCoin and its two founders were charged with violating the Bank Secrecy Act and unauthorized fund transmission; 12. Optimism plans to allocate 850 million OP tokens to fund blockchain builders; 13. The CFTC reiterated in its indictment against Kucoin that ETH is a commodity; 14. Paidun: Blast ecological project Munchables was attacked, causing a loss of approximately US$62.3 million; 15. Chain game Illuvium completed US$12 million in Series A financing, led by Animoca Brands and others; 16. Cosine: Munchables A developer is a North Korean hacker who launched the attack after gaining the trust of the team; 17. The UK Treasury releases a new report on fund tokenization; 18. Insurance brokerage Marsh launches $825 million cryptocurrency custody insurance product.

According to Foresight News, Automated Liquidity Exchange (ALEX) has completed a $10 million strategic funding round led by Spartan Capital, with participation from CMS Holdings, DACM, DWF Labs, Foresight Ventures, G-20 Group, Ouroboros Capital, Summer Capital, Cultur3 Capital, and EVG. ALEX aims to create a decentralized financial layer specific to Bitcoin through Layer2, cross-chain bridges, oracles, and other infrastructure. The company plans to use the new funds to continue developing its financial layer on Stacks.

Bitcoin DeFi platform ALEX announced the completion of a new round of $10 million in financing, led by Spartan Capital, with participation from CMS Holdings, DACM, DWF Labs, Foresight Ventures, G-20 Group, Ouroboros Capital, Summer Capital, Cultur3 Capital and EVG. To date, ALEX has a total locked value of nearly $200 million, with a total trading volume of over $1.3 billion across 52,892 wallets.

더블록에 따르면 비트코인 인프라 레이어 프로젝트 알렉스(ALEX)가 전략적 자금 조달 라운드에서 1000만 달러 투자를 유치했다. 이번 라운드는 스파르탄 캐피털이 주도했으며, CMS 홀딩스, DACM, DWF랩스, 포사이트벤처스, G-20그룹, 오로보로스캐피털, 서머 캐피털, 컬쳐3 캐피털, EVG 등이 함께 참여했다. 투자금은 스택스에서 금융 레이어 개발에 사용될 예정이다.

Stacks ecological DEX ALEX announced on the The price of Inscription STXS may rise due to this news, and the current floor price is US$357 per piece.

바이프로스트(Bifrost)가 공식 미디움을 통해 "비트코인 인프라 레이어 프로젝트 알렉스(ALEX), 스택스 기반 브릿지 프로토콜 XLink와 파트너십을 체결했다"고 전했다. 이에 따라 STX, aBTC, SBTC, BFC, BtcUSD 등 암호화폐를 바이프로스트 네트워크·XLink 지원 네트워크 간 이동이 가능해졌다. 바이프로스트는 향후 스택스 생태계 댑(dApp) 구축에 협력한다는 계획이다.

스택스(STX) 기반 디파이 프로토콜 알렉스(ALEX)가 공식 블로그를 통해 ALEX 배출량을 절반으로 줄이는 내용의 거번너스 제안을 발의했다고 밝혔다. 알렉스는 “네트워크 업그레이드 이후 주요 풀의 파밍 수익률을 매력적인 수준에서 유지하기 위해서는 이미션(배출량)을 현행 대비 절반으로 줄일 필요가 있다"고 설명했다.

According to official news, the Bitcoin ecological project ALEX launched a new proposal, planning to delay the halving of Token emissions to Cycle #300 (the 300th cycle) and reallocate emissions to key mining pools. At the same time, ALEX recommends suspending emissions for one week before and after the Nakamoto upgrade to ensure a smooth transition. The final decision lies with the token holder communities of ALEX and atALEX.

According to CryptoPotato, Stacks, a Bitcoin Layer 2 solution, has experienced major growth over the last year, with a 3,386% quarterly and 3,028% annual increase in its revenue, reaching $637,000. The market capitalization of Stack's native cryptocurrency, STX, surged by 203% quarterly and an impressive 598% year-over-year, reaching a milestone of $2 billion. Messari's 'State of Stacks Q4 2023' report revealed a 363% quarterly increase in total value locked (TVL), translating to a 773% rise on an annual basis, reaching $61 million. The report also indicates a remarkable yearly increase in average daily miner revenue by 1,015%, reaching $78,000. Stacks' prominent position within the Bitcoin Layer-2 ecosystem and its prospects for further growth are highlighted, with the Nakamoto upgrade scheduled for April 2024 promising significant advancements. The financial trajectory of Stacks has been propelled by the STX20 Inscription protocol, surpassing the growth metrics of both Bitcoin and the broader cryptocurrency market. Platforms such as ALEX, Arkadiko, and StackingDAO have contributed to Stacks' DeFi ecosystem, with a 52% quarterly rise in daily transactions and a 65% increase in active addresses. This heightened activity has led to a 400% quarter-over-quarter increase in average transaction fees (measured in STX) and an 894% increase when measured in USD, although the average transaction fee in USD terms remained relatively low at $0.25. In 2024, projects developed on the Bitcoin network are being touted by various industry insiders as a prominent theme within the crypto sector. Nansen, an on-chain analysis company, has identified this trend as one of its four 'high-conviction bets' for the year, while Hashdex, a Brazilian asset management firm, has highlighted the emergence of the 'industrial era of Bitcoin' as a key development to watch.

According to BlockBeats, data from CoinGecko reveals that Bitcoin ecosystem tokens have seen a widespread increase in value on February 15th. Among the tokens experiencing significant gains are CKB, STX, RIF, ALEX, and BADGER. CKB saw a 24-hour increase of 66.5%, with its current price at $0.0145. STX experienced a 24-hour gain of 28.6%, with its current price at $2.78. RIF's 24-hour increase reached 52.5%, with its current price at $0.23. ALEX saw a 24-hour gain of 33.9%, with its current price at $0.445. Lastly, BADGER experienced a 24-hour increase of 21.2%, with its current price at $4.38. These significant gains highlight the growing interest and investment in the Bitcoin ecosystem and its associated tokens.