5 must-read articles in the evening | Development trends and future prospects of the Bitcoin ecosystem

1.Bitcoin ecosystem development trends and future prospects

So far, the market opportunity for Bitcoin L2 is that in the Bitcoin economy biggest. In order to establish the overall market opportunity use case of Bitcoin L2, the existing market of Ethereum L2 will be focused. In the Bitcoin L2 market cap estimate below, the guidance ratio of all Ethereum L2’s TVL to Ethereum’s overall market cap (approximately 5.62% at the time of writing) is taken and applied to the Bitcoin market cap. Click to read

2 .Chainalysis: A closer look at the benefits, risks, and how of asset tokenization

Essentially, asset tokenization means converting ownership of traditional assets The record is placed on the blockchain. Asset tokenization has the potential not only to facilitate more efficient transactions, but also to democratize access to certain investment opportunities and bring more liquidity to traditionally illiquid asset classes such as real estate and art. Click to read

3 .Bankless: Spark – Maker’s DeFi Rising Star

One of the most noteworthy things in recent years has been the rise of excellent new tools surrounding the protocol. Two projects that come to mind here are Summer.fi and Spark. Spark (a DAI lending protocol) is particularly interesting right now because: its total value locked has tripled in the past six months to $3 billion, indicating real traction and momentum. It is a core pillar of the Maker Endgame plan, which in my opinion is the most ambitious DeFi today. Click to read

4 .From Crypto King to Fugitive – How Kwon became a prisoner

 TerraUSD became increasingly popular when Kwon launched the Anchor Protocol, known as TerraUSD Deposits offer an eye-popping 20% ​​interest rate. But when investor confidence evaporated due to the virtual currency sell-off, the entire edifice came crashing down. When the price of TerraUSD dropped to 99 cents on May 7, 2022, its peg began to collapse. Terraform Labs significantly increased Luna's supply in pursuit of recovery, causing the latter's price to drop. (It was once worth more than $100.) Billions of dollars worth of Bitcoin reserves failed to stop the spiral: Within days, TerraUSD and Luna were nearly worthless. South Korean authorities are trying to determine the whereabouts of assets worth millions of dollars. Click to read

5 .Bloomberg: Bitcoin’s “halving” sends old U.S. mining rigs to Africa

About 6,000 old Bitcoin mining rigs in the U.S. will soon be idle and sent to Colorado Springs A warehouse in Lins, where they will be refurbished and resold to overseas buyers looking to profit from mining in a low-cost environment. "It's a natural migration" of buyers of older machines operating in areas with the cheapest electricity in the world, said SunnySide Digital CEO Taras Kulyk. He has resold U.S. computers to miners in countries including Ethiopia, Tanzania, Paraguay and Mexico.   “Having will accelerate this situation.”Click to read< /a>