At present, from the ice-breaking cooperation between Binance and Circle, to the intensive layout of crypto giants, to the frequent financing activities and the gradual improvement of the policy environment, the liquidity and application scenarios of the stablecoin track are expanding rapidly.

Empowering traditional finance and gaining support from asset management giants may be one of the most certain directions.

Recommended readings tonight: 1. New narrative of stablecoins in 2024: clear regulation, entry of traditional finance, and simultaneous development of on-chain and off-chain; 2. Is Meme coin the truly successful GameFi in this cycle? 3. 11 facts after BTC ETF was listed in the United States;

ELIZA is at the intersection of three transformative trends: the rise of autonomous AI agents, the maturation of crypto-driven incentives, and the evolution of open source development models.

As an emerging technology trend, decentralized AI has a challenging road ahead, but it has great potential for development. With the continuous advancement of technology and the gradual maturity of the market, decentralized AI is expected to play a greater role in the future.

In order to fully grasp the development context and future trends of the Meme track, LBank Labs jointly released this research report with MetaEra and Bee Network.

This year is the year of the explosion of stablecoins. Looking to the future, with the clarification of supervision and continuous innovation of technology, the role of stablecoins will become more and more important, both in on-chain and off-chain finance.

Microsoft shareholders overwhelmingly rejected a proposal to add Bitcoin to the company's balance sheet, with only 0.55% in support. The board expressed concerns about Bitcoin's volatility, despite acknowledging its potential as an inflation hedge.

In 2024, the crypto industry saw key trends such as the rise of memecoins, the development of prediction markets, innovation in liquid staking tokens, the threat of quantum computing, the rise of DePINs, and the popularity of AI trading tools.

Roger Ver, widely recognized as “Bitcoin Jesus,” remains firm in his assertion that allegations brought against him by the United States Department of Justice (DOJ) are baseless.

According to Foresight News, Prisma Finance, the LSD stablecoin protocol, has issued a statement on Twitter advising vault owners to disable delegations for LST contracts starting with 0xcC72 and LRT contracts starting with 0xC3eA. This move is aimed at ensuring the security and stability of the protocol.

According to Blockworks, liquid staking protocol StaFi is set to deploy its Liquid Staking as a Service (LSAAS) testnet before the rebrand and mainnet launch of StaFi 2.0. Liquid staking as a service refers to blockchain platforms that provide liquidity by minting a new token representing an underlying staked asset. This new token can be used and traded in DeFi protocols for additional revenue or rewards. The initial StaFi 2.0 testnet will support liquid staking derivatives (LSDs) from Ethereum, EVM layer-2s, and the Cosmos ecosystem. It will enable developers across these networks to experiment with StaFi's latest features and allow the protocol to work on improvements based on user suggestions. StaFi plans to launch its liquid restaked token on testnet in Q2 of this year, with the mainnet launch scheduled for Q3 of 2024. StaFi co-founder Liam Young said in a press release, 'The launch of the StaFi 2.0 testnet is a major milestone in our journey to mainnet. It's also a major boost for layer-1 blockchains seeking easier access to LSD with the vast potential this vertical holds for strengthening network security, decentralization, and opening new opportunities for yield generation.' StaFi was initially developed through Polkadot grants, and its blockchain is on Substrate, a blockchain software development kit (SDK) used to create parachains on Polkadot. The latest rebrand will position the protocol to break free from the Polkadot ecosystem and establish itself as a liquid staking derivative infrastructure platform compatible with multiple blockchain networks. In addition to supporting LSDs on Ethereum, EVM layer-2s, and Cosmos, StaFi is also exploring LSD solutions for Bitcoin, with more information expected in the coming months.

CoinW announced that it will launch ETHFI in the ETH2.0/LSD area at 18:00 on March 25, 2024, open the ETHFI/USDT trading pair, and launch the ETHFI 4x ETF product at the same time, opening ETHFI4L/USDT and ETHFI4S/USDT transactions. Yes, at the same time, the "Join the ETHFI bounty program and share the 5,000 USDT reward" activity will also be launched.

Layer2Gather statistics pointed out that according to Nansen data as of March 24, after the Ethereum Dencun upgrade, the amount of ETH pledged on the LSD platform continued to increase significantly. Specifically, the number of ETH pledged on Lido reaches 9.78 million (the latest data from Lido’s official website shows that it has paid more than 500,000 ETH pledge rewards, and the platform has pledged 9,764,564 ETH, worth more than 34 billion US dollars). In addition, the number of ETH pledged on the Top 5 LSD platforms accounts for more than 92.1%, including: Lido: 70.97%; Rocket Pool: 8.22%; Binance: 6.5%; Mantle: 3.92%; StakeStone: 2.49%.

According to Foresight News, decentralized over-the-counter (OTC) trading platform DEX Whales Market has launched the LSD protocol for Puffer Finance token trading. This development aims to provide users with a seamless and secure trading experience on the platform. The LSD protocol is designed to enhance the efficiency and security of token trading on the DEX Whales Market. By implementing this protocol, the platform aims to attract more users and foster a thriving trading ecosystem. The integration of the LSD protocol into Puffer Finance token trading is expected to bring significant benefits to both the platform and its users.

Injective ecological LSD+LSDFi protocol Hydro Protocol announced on the X platform that it has launched HDRO Airdrop Checker. Users can check the number of airdrops they have received on the corresponding website. It is reported that the conditions for obtaining the airdrop include participating in testnet activities, staking INJ, and conducting EAF (Early Access Farming) mining. According to previous news in February, Hydro Protocol announced the completion of a new round of financing. The financing amount was not announced. Injective, Vessel Capital, Moonhill Capital, SkyVision Capital, Exnetwork Capital, Quantstamp, BlackDragon, Trinito, verse2, PAKA, coinseeker.co, CSP DAO, ODIG, DoraHacks and others participated in the investment.

Since the beginning of this year, the pledged quantity and value of Liquidity Staken Derivatives (LSD) have increased significantly. Since January 6, 1.56 million Ethereum have been added to the LSD protocol, and the total amount of pledged ETH currently reaches 13.87 million pieces, worth US$54.34 billion. 71.04% of the pledged ETH (approximately 9.85 million) is managed by Lido Finance. Rocket Pool ranks second with approximately 1.13 million staked ETH, worth $4.41 billion. (Bitcoin.com)

According to PANews, researchers Lucas Nuzzi, Kyle Waters, and Matias Android from CoinMetrics recently published their findings on Ethereum's security, stating that a 34% attack on the blockchain is no longer feasible due to the high costs involved. The estimated duration of such an attack would be eight months, with a cost exceeding $59 billion and over 1,000 nodes and $2 million in expenses on AWS alone. Many people believe that the continuous growth of liquidity staking derivatives (LSD) poses a serious threat to the Ethereum network. However, the researchers' analysis shows that concerns about a 34% staking attack from Lido Finance validators have become unreasonable and highly exaggerated. The researchers demonstrated that not only is such an attack extremely time-consuming, but it is also very expensive for those attempting to use LSD to attack Ethereum. Time-consuming attack simulations (TCA) showed that LSDs cannot purchase access to block templates, and contrary to assumptions, attackers would need to buy Ether (ETH). Considering the dynamic slippage limits, the total attack cost for Ethereum is difficult to express as a time series, as unlike Bitcoin, a single attack may take several days. In terms of capital expenditure, it can be simply defined as the function of Ether's price and the total amount the attacker must stake. However, in terms of operational expenditure, it would be a function dependent on the number of active validators at the time of the attack and the long-term time span of cloud computing costs. Applying the data to December 31, 2023, with an Ether price of $2,279, a total locked amount of 28.8 million ETH, and 899,840 validators, it is estimated that a 34% attack on the network would cost $34.39 billion. If the attack began on December 31, 2023, the attacker would need until June 14, 2024, to breach the 33% threshold. However, as the current ETH price increases, the cost not only becomes higher but also becomes more insane and unbelievable. For example, on March 5, 2024, with an Ether price of $3,800, a total locked amount of 31.32 million ETH, or 978.88 million validators, a 34% attack on the Ethereum network would cost $59.63 billion. Furthermore, if the attacker decided to start the attack today, they would need to spend 265 days, or until November 25, 2024, to reach the 33% threshold, as only 1,800 validators join the chain daily after the Dencun upgrade. There are many assumptions and concerns about Bitcoin's 51% attack and Ethereum's 34% attack. However, the costs and benefits associated with implementing these attacks remain a mystery. The researchers introduced a novel model to quantify the costs of breaching the Byzantine fault tolerance thresholds of Bitcoin and Ethereum, including operational and capital expenditures associated with these attacks. The study challenges the view that there is a linear relationship between transaction fee income and network security, a common assumption made when discussing the decline of Bitcoin subsidies. Instead, the research suggests that block producers engage in speculative behavior before fee cycles, ultimately increasing network security even when fees are low and declining.

SHUI, the liquidity staking protocol on Conflux, announced that it is exploring application scenarios for AxHKD, the native Hong Kong dollar stablecoin powered by Conflux. SHUI will also be the first batch of Conflux ecological projects to express support for Hong Kong dollar stable coins. SHUI is the Conflux ecological LSD protocol incubated by BlockBooster, providing one-stop CFX staking services. The protocol was launched on the mainnet on February 8, and TVL now exceeds $1.8 million. The platform is currently conducting a CFX staking incentive campaign, and stablecoins totaling approximately $5,000 will be distributed to staking participants.

Bitget market data shows that the leading sectors today are AI, LSD and regional concept sectors, of which FET has a 24-hour increase of 50.20%, PSTAKE has a 24-hour increase of 99.36%, and PHB has a 24-hour increase of 62.38%. As of press time, the top three currencies on the real-time increase list are TRIAS, VIA, and DEPD. The top three currencies in terms of transaction volume are BTC, ETH, and PEPE.