1. Protos: How many L2s does Bitcoin have? Why are there so many L2s?

Unbeknownst to most of the Bitcoin community, there are 400 "layer 2s" running on the blockchain. This rough estimate comes from Lava founder Shehzan. During an August 25th YouTube Gwart Show, Shehzan, along with Gwart and commentator Shinobi, questioned the benefits of hundreds of Rollups and alternative blockchains using the Bitcoin ledger. Click to read

2. Bankless Lianchuang: Argentina’s Crypto Moment

I was in Argentina throughout August, participating in the cryptocurrency pop-up city “Aleph” in the center of Buenos Aires. Aleph is part of Zuzalu and Devconnect. Protocol Labs’ top-down support and coordination is appreciated by hundreds of volunteers, community leaders, and ecosystem partners who have come together to create an environment for the next generation of crypto startups in Argentina. In the Aleph Hub, a 1,000-person coworking space, crypto startups, venture capitalists, and the Argentine government came together for a month of collaboration, support, and growth. Although Aleph is a month-long event that will soon be over, the spark it has ignited will hopefully grow into a wildfire across Argentina and across Latin America. That wildfire is “Crecimiento” – growth. Click to read

3. The breath-holding moment before the interest rate adjustment, where is the crypto market going

If the financial market is compared to an AI model with huge data and sample size, then the main component factor affecting the trend of US stocks and crypto assets in the model is the monetary policy that the Federal Reserve is about to adjust. Powell recently stated at the Jackson Hole Conference that the time has come to adjust monetary policy. Prior to this, the minutes of the Federal Open Market Committee (FOMC) meeting in July released by the Federal Reserve showed that most Federal Reserve officials strongly preferred to decide to cut interest rates at the September meeting. Click to read

4. Former Meta boss builds an article to explain Sui's technical architecture and future planning

With the continuous development of blockchain technology, Layer 1 blockchains are in a leading position in enhancing scalability, security, and transaction speed. Among them, Sui stands out as a striking Layer 1 blockchain designed to provide excellent transaction performance and efficiency. In early tests, it achieved 297,000 transactions per second (TPS), significantly better than competitors such as Aptos (founded by Avery Ching and Mo Shaik, who were previously involved with Diem’s Novi wallet) and Solana, both of which have lower TPS. Despite their shared origins, Sui is an independent project with no direct ties to Aptos and does not rely on Diem’s architecture. Click to read

5. Review of China's sadomasochistic love affair with encryption

Trump announced yesterday that if elected, he would build the United States into the world's encryption capital. In fact, a few years ago, China was the encryption capital, but under the heavy hammer of policies, only Hong Kong is still striving to take back this "encryption capital". For example, the Supreme People's Court and the Supreme People's Procuratorate recently clearly listed "virtual asset" transactions as one of the ways of money laundering, which made many people nervous. Click to read