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Solv Protocol is a decentralized finance platform aimed at unlocking the potential of Bitcoin by enabling idle Bitcoin to participate in DeFi activities through a liquidity consensus infrastructure. Its core includes the SolvBTC Token, a staking abstraction layer, and a reserve proof mechanism to ensure fund security and transparency. Despite its innovative advantages, Solv still needs to address technological risks and market competition.

FOMC Meeting and Macroeconomic Outlook
The Federal Reserve's FOMC meeting in May kept interest rates unchanged, emphasizing the uncertainty of tariff policies as a challenge to its dual mandate, adopting a "wait and see" strategy. There was a significant net inflow into ETFs and a strong issuance of stablecoins, leading to a warming of on-market funds, providing short-term support for the market. BTC is oscillating at high levels, ETH is rebounding weakly, and altcoins are quickly recovering but carry the risk of pullbacks. It is recommended to maintain a defensive mindset at high levels, paying attention to BTC's defense level at $91,600, controlling positions, and selecting strong sectors.
I. Macroeconomic and Market Environment
The reduction of the balance sheet continues to slow down, and liquidity needs to pay attention to the debt ceiling and changes in reserves. The Federal Reserve Chairman reiterated that the resilience of the economy supports patience, and the timing of rate cuts depends on tariff progress and data, with a reassessment at the June meeting. It is recommended to pay attention to the economic data after the tariff postponement expires in July, and a rate cut of 50-75 basis points within the year remains possible.
2. Analysis of Capital Flow and Market Structure of Mainstream Coins

The mini program feature launched by Telegram has rapidly risen in the Web3 field, supporting seamless authorization and payments, becoming a bridge between Web2 and Web3. Compared to other platforms, Telegram Mini Apps are more open and free, providing users with a diverse experience, while attracting a large number of users into the Web3 ecosystem through applications, offering new ideas for future development.

Concentrated Liquidity Protocols in the Sui and Aptos Ecosystems: A Deep Dive into Cetus
Cetus is a decentralized exchange and liquidity protocol based on the Move ecosystem, built using a centralized liquidity protocol and related functions similar to Uniswap V3's algorithm, aimed at providing users with a high-quality trading experience and greater capital efficiency. At the same time, Cetus also leverages the unique ecological features of Sui to develop some composable functions that differ from Uniswap.
Target audience of decentralized exchanges
The on-chain crypto trading market, although relatively small in scale, is growing rapidly. A notable characteristic of this market is that most assets are of low liquidity and low market capitalization, with a large number of new assets emerging daily, thus creating a strong demand for price discovery. In this market environment, how to better facilitate price discovery and attract liquidity is crucial for promoting the prosperity of on-chain trading.

Top 10 Best Practices for Optimizing Gas Fees in Smart Contracts
The Gas fees on the Ethereum mainnet have always been a challenge, especially during periods of network congestion. Users often have to pay exorbitant transaction fees during peak times. Therefore, optimizing Gas costs when developing smart contracts is crucial. Optimizing Gas consumption can not only reduce transaction costs but also improve transaction efficiency, providing users with a more economical and efficient blockchain experience.
This article will outline the Gas fee mechanism of the Ethereum Virtual Machine (EVM), the core concepts of Gas fee optimization, and best practices for optimizing Gas fees when developing smart contracts. It is hoped that this content can provide inspiration and practical assistance to developers, while also helping ordinary users better understand the operation of Gas fees in the EVM, collectively addressing the challenges in the blockchain ecosystem.
Introduction to the Gas Fee Mechanism of EVM
In EVM-compatible networks, "Gas" is used to measure

The Limits of Blockchain: Exploring the Scaling Laws of the Encryption Ecosystem
Since the birth of Blockchain technology, it has been constantly breaking its own limits. However, like other technological fields, the development of Blockchain is also constrained by the law of scale. With the rapid emergence of scale effects in the field of large models, it is time to reassess the development trajectory of Blockchain and explore its potential upper limits.
The ceiling of the full node data scale
Full nodes are an important component of the blockchain network, and their data size directly reflects the scalability and decentralization of the public chain. Currently, there are significant differences in the data size of full nodes among mainstream public chains:
- Bitcoin: approximately 643.2 GB
- Ethereum: about 13 TB
- A high-throughput Blockchain: about 400 TB
The original intention of Bitcoin's design took into account Moore's Law of hardware development, strictly limiting data growth below the hardware expansion curve. This design concept makes Bitcoin to

2024 Meme Track Analysis: From Viral Spread to Ecological Cornerstone
Abstract
This article provides an in-depth analysis of the current state and characteristics of the Meme sector in 2024, covering aspects such as the popularity trends of Meme coins, the rise of platforms, methods of dissemination, and market strategies. The main points are as follows:
- The meme coin craze shows cyclical characteristics, especially prominent at the beginning of the year and in the second quarter. Its dissemination pattern is similar to a virus, achieving exponential growth through social media and community.
- Memecoin Launchpads have become an important innovation in this round, simplifying the creation and trading process of Meme coins, attracting a large number of users to participate. Each platform has its own characteristics in terms of user base, revenue, and ecosystem support.
- Meme coins are regarded as the pioneers of blockchain ecological development, paving the way for subsequent ecological construction by attracting market attention and funds. The investment strategy primarily focuses on leading coins and trading volume.

The market positioning of Polkadot needs to be re-evaluated.
Recently, a former Polkadot team member shared some insights on the project's forum, sparking a discussion about Polkadot's positioning in the blockchain market. He believes that describing Polkadot as an "interoperability solution" does not fully capture its main advantages for top blockchain development teams.
A former team member pointed out that currently, Polkadot only offers internal interoperability, while other protocols like Axelar, LayerZero, and Wormhole have taken the lead in achieving full crypto interoperability. Only when there is significant user activity and transaction volume on multiple parachains of Polkadot can its internal interoperability truly shine.
He illustrated some factors that blockchain projects consider when choosing a development platform. For example, BNB.

BitVM bridge successfully implemented on the Bitcoin Mainnet for the first time.
Recently, a significant technological breakthrough was achieved on the Bitcoin Mainnet. A certain team successfully demonstrated real-time use cases of two BitVM bridges, which not only showcased the full functionality and robust security of the BitVM bridges but also proved the effectiveness of collaborating with mining pools to handle non-standard transactions (NSTs), which has always been a major challenge for the BitVM bridges.
Previously, the team demonstrated the potential of BitVM on a dedicated testnet, but they had to modify the Bitcoin core client to accommodate NSTs. Overcoming the NST issue on the Mainnet is a key step for the product's implementation.
Recently, the team announced partnerships with multiple mining pools specifically to address NST challenges. It is noteworthy that the APIs of these mining pools have successfully processed the first batch of real-time NSTs from the BitVM bridge in response to real user requests.
This Mainnet demonstration package

Hong Kong has rapidly risen in the field of Crypto Assets, thanks to a friendly regulatory environment, advanced infrastructure, and high-quality talent. In recent years, Hong Kong has implemented a series of policies that have solidified its position as a Crypto Assets hub, attracting a large number of investors and startups, and aiding the development of Blockchain and financial technology.

The Polkadot governance system has evolved from v1 to v2. v1 focused on the Technical Committee and Council, facing issues like equal voting weight in referendums. v2 enhances decision-making efficiency and community participation by introducing democratic voting, unlimited referendum initiation, and improved voting delegation, promoting more effective Decentralization governance.

In-depth Analysis of the Sanctum Protocol: Token Economics, Airdrop, and Development Prospects
Opening
In previous research, we explored how liquid staking changes asset management in PoS networks. Liquid staking technology can issue liquid staking tokens (LSTs), representing the staked amount and accumulated rewards. We noticed that the total locked amount of liquid staking is growing rapidly, with Solana's staking rate exceeding 70%, far higher than Ethereum's 27%. Nevertheless, LSTs only account for 6% of Solana's staking supply, while Ethereum exceeds 40%, providing a significant market opportunity for Sanctum in the Solana ecosystem.
This article will focus on the recent Airdrop and its structure, Alpha.

The Federal Housing Finance Agency (FHFA) in the United States has for the first time requested to include Crypto Assets in mortgage assessments to enhance borrowers' credit and homeownership rates. This policy is in the exploratory stage, and the details are yet to be clarified, aiming to promote the integration of Crypto Assets into mainstream finance and sparking widespread discussion. The FHFA hopes to address the pressures facing the housing market through this reform and support young people in purchasing homes.

The Algorand ecosystem has reached an important milestone. As the first currency market and Algorithmic Stablecoin protocol in this ecosystem, AlgoFi officially launched on the Mainnet on December 18. This highly anticipated project has previously received support from several well-known investment institutions. Since its launch, AlgoFi has shown an astonishing rise, with its total Lock-up Position (TVL) quickly climbing to nearly $30 million.
In order to further promote ecological development, AlgoFi has reached a strategic cooperation with the Algorand Foundation. Both parties plan to jointly launch a liquidity mining program worth $3 million in the first quarter of 2022, aimed at attracting more users to participate and enhancing platform activity.
The launch of AlgoFi adopted a cautious "Guarded Launch" strategy to minimize potential risks. Although a liquidity cap was initially set, it was quickly reached.

The funding rate has evolved from severe fluctuations to a stable state, reflecting the improvement in market maturity. Over the past nine years, the frequency of extreme events has significantly decreased, and the funding rate has become stable, attracting participation from both institutional and retail funds. Despite the presence of temporary high rates, the overall market sentiment has stabilized. The performance of funding rate arbitrage strategies has been excellent, entering a new era of refined management.

In recent years, the combination of AI and Blockchain has become an investment hotspot, possessing the advantages of Decentralization and high transparency. Major applications include zkML technology, data processing, AI+Decentralized Finance, and AI+GameFi, among others. Investors should follow short-term and mid-term applications, as well as the innovative opportunities brought about by long-term technological integration.

The trial of FTX founder SBF is about to begin, with several former colleagues set to testify.
This week, Sam Bankman-Fried, the founder of the globally renowned cryptocurrency exchange FTX, will stand trial. Nearly a year has passed since the collapse of FTX, and SBF will face a jury composed of his peers as he tries to defend himself. During the six-week trial, prosecutors will reveal details of the exchange's alleged misappropriation of billions of dollars in customer funds through various testimonies, internal documents, and emails.
The most compelling evidence may come from SBF's former colleagues and friends. Some of these individuals have reached plea agreements with the U.S. Department of Justice and will testify against the former crypto mogul. These witnesses include SBF's ex-girlfriend Caroline Ellison and childhood friend Gary Wang, both of whom were deeply involved with FTX and its quantitative trading firm Alameda.

Macroscopic Perspective: Market Trading Logic and Risk Asset Fluctuation Analysis
1. Current market trading logic: Expectations of economic recession dominate, and stagflation risks are emerging.
Market signals regarding interest rates indicate that the yield on 2-year U.S. Treasuries is rapidly declining, widening the gap with short-term financing rates. At the same time, the 10-year yield has fallen below short-term financing rates, reflecting that the market is preparing for an economic slowdown and the potential for the Federal Reserve to be forced to cut rates. The inversion of long-term rates further strengthens the recession warning.
Although the consumption of government accounts has led to a marginal improvement in US dollar liquidity, the market's risk aversion has caused funds to withdraw from high-risk assets and flow into the treasury market. This has created a contradictory situation of "liquidity easing but risk appetite shrinking."
II. The root cause of the fluctuation in risk assets: weak economic data and policy uncertainty.
Economic cracks are becoming increasingly evident: the consumer confidence index has dropped significantly, and signs of a cooling labor market are emerging. Coupled with potential tariff threats, the market is concerned about the economy's "hard

As more and more publicly listed companies adopt Bitcoin reserve strategies, experts have expressed concerns that the significantly fluctuating Bitcoin prices could pose major risks to companies, even leading to acquisitions. Although this strategy initially brings success, the potential financial risks gradually become apparent as more followers emerge. Investors need to be wary of the challenges posed by this emerging financial strategy.