Bitcoin's recent performance has raised concerns, with various factors impacting its trajectory. However, it's important to approach its future outlook rationally.

Technically, Bitcoin faces challenges with a critical support level at around $25,500. A break below this could lead to further declines, potentially testing $20,000.

In the short term, a price above $2.58 might signal a trend reversal, while surpassing $2.65 could indicate a rebound. But until Bitcoin shows significant strength, rebounds may be brief.

Ethereum has its challenges, with low trading volumes and the recent hacking of founder Vitalik Buterin's Twitter account affecting its reputation. Short-term market stagnation is possible.

In terms of news, the FTX token sale case may appeal in September. However, the market's ability to absorb a $200 million sell-off remains uncertain. Key events, including the FTX case and economic data, are being closely watched.

Some analysts believe this drop may be manipulated to liquidate long positions. The market is contracting, with funds flowing to a few, causing a drop in Bitcoin's trading volume.

For future trends, caution is advised. Bitcoin may rebound in October, but September is uncertain. The purchasing power of $1 has changed since 2021, making funds cautious. Altcoins' response to Bitcoin's rebound and their gains should be approached carefully. In the short term, risk awareness is vital.

In summary, a rational, calm approach is essential in the cryptocurrency market. Make investment decisions based on your circumstances and risk tolerance, avoiding being swayed by sentiment.

According to the latest data from blockchain analysis company Glassnode. The implied volatility was 50% lower than the long-term baseline observed between 2021 and 2022. However, with the onset of sell-offs this week, volatility quickly re-priced, with the implied volatility of short-term contracts expiring at the end of September more than doubling. Put options naturally underwent the most significant repricing; the 25-Delta skew completely reversed, bouncing back from a historical low of -10% to over +10%. Interestingly, amid such intense price fluctuations, the open interest in both call and put options remained relatively stable, with minimal net changes. This suggests that while volatility might have been underestimated, the options market did not experience widespread forced deleveraging.

Europe has unveiled the inaugural Bitcoin Spot ETF, marked by the launch of $BCOIN, a symbol that signals a noteworthy step forward in Bitcoin's embrace.

Anticipate significant market movements in the upcoming week due to the initiation of BTC price volatility.

A new era seems to be dawning. Following Ripple's legal success against the U.S. SEC, a Bitcoin spot ETF is now introduced by Jacobi Asset Management, a London firm authorized by the Guernsey Financial Services Commission. After securing approval and two years of preparation, the ETF is listed on Euronext Amsterdam as $BCOIN. Fidelity Digital Assets will safeguard the fund, and Flow Traders assumes the role of market maker.

BTC prices have been range-bound with notably subdued volatility for the past seven months. The current compressed state of the price requires a stable foundation for a potential upward surge to $30,000. The introduction of a Bitcoin spot ETF might be the catalyst propelling prices toward this threshold.

The question lingers: How long can the bullish momentum be sustained?

According to Analyst Crypto Tony, BTC prices are forecasted to hover within the $29,400 to $29,500 range for the week ahead. However, a bullish uptick is foreseen on August 20, 2023, with the possibility of breaching the $30,000 mark. Recent months have demanded substantial bullish forces to overcome these thresholds, hinting at an impending resurgence in Bitcoin's volatility.

Presently, Bitcoin's price displays minimal fluctuations, maintaining a nearly constant level. While external influencers such as CPI rates, FOMC decisions, and the DXY index have failed to incite the desired fluctuations, the BTC spot ETF could potentially infuse positive influence. Yet, market participants grapple with uncertainty regarding forthcoming price actions and the strengthening bear sentiment. Consequently, the market remains ensnared within a narrow consolidation range.

In the early years of stablecoin development, they were categorized into centralized stablecoins backed by real-world assets, initial centralized stablecoins acting as tools for cryptocurrency trading, and stablecoins pegged to various real tokens like RMB. Another type emerged, the algorithmic stablecoins, which primarily rely on algorithms to maintain price stability without anchoring reserve assets.

However, the credibility of algorithmic stablecoins was questioned after Luna Thunder, a once-prominent algorithmic stablecoin, plummeted to zero due to liquidity issues. As a result, the industry has shifted towards more reliable forms of stablecoin development, combining excess mortgage, multiple asset collateral, and fusion algorithms.

While centralized stablecoins still dominate the market, there is a growing demand for decentralized stablecoins due to the increasing need for anti-censorship. The decentralized stablecoin industry has evolved from focusing solely on algorithm stability to embracing a combination of excess mortgage, multi-asset collateral, and algorithms.

AAVE is not the only lending protocol introducing native stablecoins; Maker Dao, Curve, Synthetix, and others have also done so. These stablecoins usually utilize a combination of excess collateral and algorithmic stability, making it difficult to classify them under a specific category.

Previously, algorithmic stablecoins were considered the industry's gem, but their vulnerability to "death spirals" raised concerns. Therefore, a combination of mortgage and algorithm, often using mainstream crypto assets or real-world assets as collateral, appears to be a more practical approach.

GHO, for instance, operates based on collateral from various cryptocurrencies and follows a similar logic to Maker Dao's stablecoin Dai. It introduces the concept of a "central bank" or "facilitator," which can intervene when the stablecoin becomes unanchored. While this design has advantages, it also raises concerns about centralization.

Launching stablecoins within lending protocols has become a popular trend, driven by the potential for significant profits and the increasing demand for stablecoins. The introduction of stablecoins, like GHO, enhances the competitiveness of protocols and opens up opportunities for users to participate in governance and benefit from discounted interest rates.

Different lending protocols have introduced their stablecoins with unique characteristics. Maker Dao, for example, incorporates an on-chain and off-chain mortgage asset model with its RWA, while CRV Finance introduces dynamic lending clearing algorithms for its crvUSD stablecoin.

As the stablecoin track evolves, classification solely into the original three types is no longer sufficient. Today's stablecoins combine both online and offline asset mortgages with various algorithms. The industry has proposed categorizing stablecoins as "centralized stablecoins" and "decentralized stablecoins," but even decentralized stablecoins can have centralized elements.

Ultimately, stablecoins play a crucial role in DeFi, offering asset preservation and unique opportunities for protocols and users alike.

Recently, an experimental digital currency known as Bitcoin 2.0 has appeared on the cryptocurrency market called NASH. With the approval of the Bitcoin ETF and the rise of the market for several days, the enthusiasm of the cryptocurrency market has been triggered. The Bitcoin experiment quickly became the center of attention. So, what is Nash money? Nash coin is a digital currency designed based on the Nash equilibrium theory. Through non-cooperative game mode, Nash coin can achieve the optimal value in the community. Nash Equilibrium theory is a concept in game theory that describes situations in which each player takes the best strategy in a non-cooperative game. This economic theory has important applications in various fields such as finance, market competition and social science.

NASH Coin uses a mechanism called "NASH Race Game ". As we all know, the total number of bitcoins is constant at 21 million, and the number of bitcoins generated every day is fixed. Bitcoin is distributed according to the amount of computing power, and the output is halved every four years. Similarly, the production of Nash coins is also fixed, producing 14,400 per day. Whether the number of participants is 10 or 100, the total daily output is 14,400. Therefore, the more people participate, the less Nash each person will receive. The Nashcoin fair competition lasted for a total of 1,200 days, and was halved every 300 days. Compared to Bitcoin, this process is greatly shortened, and the development of Bitcoin will be reproduced on ERC20.

The main reason why Nashcoin is so promising is that it is a fair competition game. There is no pre-mining, no pre-sale, and all coins are obtained through competition, ensuring fairness, fairness and transparency. Each address corresponds to a computational value, and early participants enjoy a greater advantage because they receive more competition rewards. This is somewhat similar to the situation where the early bitcoin miners made great returns. The design concept of Nash Coin makes it have great potential and appeal. Through the application of Nash equilibrium theory, it brings an entirely new competition and reward mechanism to the cryptocurrency market. In addition, the fairness of Nashcoin has increased people's trust and interest in it.

However, it is important to note that as an experimental project, the investment risks of Nashcoin cannot be ignored. In the cryptocurrency market, investors should carefully assess their risk tolerance and conduct thorough research and understanding of the project. In summary, NASH is a fair competition for Bitcoin 2.0, building an attractive digital currency experiment through the design principles of Nash equilibrium theory.

In such a bear market, the new Azuki series "Azuki Elementals" sold out in less than 20 minutes for 1 ETH. In less than 20 minutes, it rolled 20,000 ETH (about $37.406 million), accounting for more than $2 million per minute. After selling out, from Twitter to wechat group chat, everyone is "sigh", some say who said no one is interested in NFT, some say really good ah, the original bear market money is so easy...

A little more than 2 hours later, Azuki Elementals opened the picture, and everyone called it "WTF". Not that the new collection is too good to look at, but that it's goofy - is this an extra release?

How beautiful the vision before opening the picture, how disappointed after opening the picture, many NFT players have moved out of Azuki's promotional animation to ridicule.

Previously, Azuki's spin-off series Beanz made a surprise debut at the end of a party with "Check your wallet." With a successful case full of surprises, the Azuki community and even the market are undoubtedly full of expectations for Azuki Elementals. In particular, Azuki's official push also released a one-minute short animation on June 24, and everyone's appetite for "one bean a year" is definitely suspended by this animation.

Various problems in the sale process have also been criticized by its owners: Dissatisfaction with the White list Mint window being as short as 10 minutes, dissatisfaction with website overload causing Mint to fail, and high duplication of various features with the Azuki generation, holders were also concerned about the potential dilution of Azuki Elementals to the value of the generation …………

Affected by the opening chart, the floor price of Azuki also fell from 12 ETH to 10 ETH at one point, and is currently near the 10 ETH mark, a drop of about 20%. Judging from the sound of social media, the storm Azuki is facing this time will not be less than the negative news of its founder Zagabond's "Rug Pull business".

How much of the Azuki faith is left?

In addition to the Mint time of only ten minutes, resulting in a short time of website traffic overload and direct crash, pictures similar to disguised distribution, the most criticized community is that after the end of the sale, the project side directly transferred 20,000 ETH. The transfer of 20,000 ETH has caused a lot of hot discussion, and many people can not believe that this is a blue-chip NFT team will do the operation. Disappointment and doubt pervaded the community. However, for the statement that the team rolled away 20,000 ETH, the community also pointed out that the team was transferred into a multi-money wallet for security considerations.


On June 25, nftftc co-founder Sibel (@sibeleth) said on social media: "This is the end of NFT... with the two upcoming mints, Azuki and Ether, this bloody market will lose a total of $50m. While we are all playing the 'hot potato' game, I don't think NFT will return for at least another six months. I am sorry for our losses."

KOL 0x Sun (@0x SunNFT) said on Twitter that it is hard to believe that this is the quality of delivery from the Azuki team, and that all unwillingness stems from not understanding. At present, the team has not made any announcement after the opening of the drawing, I do not know how they will respond, if this set of engravings of the original version of the drawing is really all the content of Elementals, and the follow-up neither work nor protect the disc, then this sale can be said to be naked harvest.

Before the Azuki Elementals series was released, Christian 2022.mid (@Christianeth), as a whale with thousands of Ethereum in Azuki and Yuga, thought that Yuga's Ponzi logic was obviously not working. Therefore, from a narrative point of view, I am looking forward to Azuki's story.

In a previous BlockBeats interview with Christian, Christian had put forward his own views on PFP's NFT model: "If a team has no new ideas, no innovation that can drive the community, or no new business model and direction, the next cycle will be difficult. I even think the Azuki narrative is more attractive than the monkey, which allows them to maintain the value of the project when the market mood is low."

Christian, which owns more than 470 BEANZ and 40 Azuki, prepared 1,000 ETH for the sale of Azuki Elementals that night, hoping to maximize the liquidity of the entire NFT market. In the morning, Christian woke up with 682 BEANZ and 410 elementals.

But while many community members had completely lost faith in Azuki, Christian made the decision to "top up his faith." "It's not smart to destroy a billion-dollar project (and the most loyal community on Earth) for $38 million in profits," he tweeted. "I'd offer $40 million for the whole company."

Looking back at the performance of the past three months, regardless of whether it has a blue chip halo, the NFT market has been showing a downward trend. The market value dropped by 23.64%, from 5.1 million ETH to 3.9 million ETH. Looking at the Blue Chip index, although there was a brief rebound between May 31 and June 5, it also followed a downward trend in general - from 85,000 ETH to 75,000 ETH, a decline of 12.22%.

Many blue-chip NFTS have not escaped the baptism of the bear market:

Moonbirds
Moonbirds, one of the fastest rising NFTS in the bull market, went from 2.5 ETH at launch to 40 ETH in a matter of weeks. But Moonbirds, as they're called, haven't turned the community's expectations for it into consensus. Not only the scandal of its former COO, but also the decision to change the NFT to CC 0 in spite of the community and the concept of soft staking is another reason why Moonbirds is losing ground.

Doodles
The hiring of Pharrell Williams, now LV's creative director of men's wear, failed to save Doodles, who had become estranged from the community. The fact that the Noodles co-founder chose not to follow the crowd hurt the Doodles community, which had accused the Doodles team of inaction and setting a threshold for Discord, The decision to move to the Flow chain in early 2023 completely exploded the discontent of the Dooles community, after which its floor price fell from 7 ETH all the way to 1.5 ETH, a far cry from the high of 22 ETH.

BAYC
Even BAYC (BoredApeYachtClub), the king of the NFT field, did not withstand the pressure this year, and its floor price has fallen sharply, from the peak of 150 ETH to 40 ETH, and even once fell to near 34 ETH. The decline over the past week has reached 14.92 per cent. Despite the announcement that a new game, HV-MTL Forge, will be released on June 29, it has not brought about a significant rebound in BAYC's declining floor prices. By watching BAYC's whales, it is possible to glimpse the reasons for its dramatic decline.

Franklin, who held more than 60 BAYC at its peak, sold most of BAYC because of his numerous investment mistakes, which repeatedly caused panic in the community and even ended up deleting Twitter and withdrawing from the Internet. As the spokesperson of BAYC Wild, Huang Licheng has also expressed dissatisfaction with BAYC's parent company Yuga Labs, saying that the architecture of ApeCoin DAO has certain problems and is too centralized, which leads to the realization of DAO's investment vision. After several "roller coaster" trading sessions on NFT trading platform Blur, Huang finally chose to sell BAYC, selling BAYC several times in June, and so far, only one BAYC in his main account.

In contrast, Azuki and Beanz were undoubtedly "much stronger" and even bucked the market trend and managed to rise to the top of the blue-chip list. Azuki, which peaked at more than 30 ETH at the peak of the bull market, even rose to 17 ETH a few days ago. Not only that, the community atmosphere of the Azuki community is also a model of extreme activity and cohesion in a bear market, thanks to the strong community support behind it and the appeal of the product. After the Elements went on sale, the community seemed to lose faith in the "last blue chip."

Of course, there are still some dark horses in the NFT circle in 2023, such as Milady and Punk who are unusually strong and "main do not do things". With the gradual decline of BAYC, Punk returned to the throne of blue chip NFT with the highest unit price. Milady has even been "flattered" by Elon Musk. Pudgy Penguins is another way, after completing the 9 million financing led by 1kx, announced that it will break the circle by passing its IP to the real world, and the surrounding Pudgy Toys launched soon after sold 20,000 pieces in 48 hours. It even won the Toy Insider 2023 Best Summer Toy Award.

Azuki's delivery results this time are really very disappointing. After all, you got paid $37.4 million, but even in the image itself there were some rudimentary errors. NFT players "dig into the details" to find these low-level errors and ridicule, but also reflects how angry and disappointed everyone is.

Making money is so easy, has Azuki forgotten that the purpose of taking money from users is to do something? Regardless of the hype logic, the first picture that says you want to do IP is the same as an independent game that launched crowdfunding on Kickstarter. Indeed, there are many people who buy only for Degen, but as a project side, you just to put a "gambling game", not only buy the money of the chip but also use the royalties to pump the user's water? Azuki generation up to now, sales and royalties have been enough, how much money did you spend on content creation that you now have to ask users for money?

The value of the "shell" of NFT has been squeezed to the last few times, and the distrust between the project side and the user may be worn down after a few times like Azuki.

To put it bluntly, NFT is nothing more than a blockchain technology implementation, a map because of the use of blockchain technology to store and sell to such a high price, there is a betting component, but also love NFT people for your vision of a support and trust. The biggest pain point with small image NFT is that it's essentially just an "opening image", it doesn't have much more content, so we have to create content and explore things like IP on top of that content.

Other cultures that have established business models early on have good content that can both stabilize stock and attract incremental growth. Musicians, for example, can grind a sword like a universal youth hotel for ten years, and an album is pigeon after pigeon, because even in the gap period of content creation, people can also taste the previous work and consume it. Small picture What can NFT do? Expect everyone to drool over a picture and fantasize about their meta-cosmic selves? We can easily imagine that if Azuki was not an NFT, would you spend even $100 on the online marketplace if you saw these pictures? After you bring it home, how long will you be interested in it?

So we will find that it is difficult to do small picture NFT community, fresh strength in the past in addition to talk about today up tomorrow down, really no words. You can take so much money, everyone is hoping that you can have a breakthrough, in fact, your breakthrough is not yet delivered. Website updates, clothes do a few, party held a few, more than 1 year has passed, this and you raised funds really match?

We have gone through a complete investment cycle, many projects have been falsified, and people understand the direction of the market. Looking back at BAYC's early days of hot full commercial rights IP licensing, the community and artists are integrating BAYC into a variety of ideas: beer, neon signs, merchandise, coffee, bars, burgers, stories, comics... BAYC has spawned numerous artistic spin-offs. But somewhere along the line, BAYC changed, and the cultural output it had started to lose.

In this context, Christian 202.mid (@Christianeth), co-founder of the NextGen Foundation and WeirdoGhostGang, believes that in the next cycle, new blue chip NFT projects must have two characteristics: One is to attract more outsiders to join the community through cultural export; The second is that we must move from virtual to real, with real products and sustained business models, so that everyone can see the value of Web3 and what it does. Christian says that's why he chose to invest in The Weirdo Ghost Gang.

It's time to go back and let go of the shell. We're not doing anything fancy, just storing a picture with blockchain technology and struggling to explore new possibilities. If you can make money quickly and in large quantities by doing NFT projects, or just hype and make other things that have nothing to do with me, from the project side to the user must only be in this circle of the old narrative, it is really difficult to move forward.

As one of the most important ways to entertain people in the digital age, games are creating great output value. In the world of Web3, games have always been seen as a potentially important application area.

Games are often the biggest killer app on new platforms, with more than 3 billion video game players in the world today and 250 million of the younger generation set to become lifelong gamers. From the birth of video games to today, a vibrant consumer ecology has been developed around games, and games are also a huge social network with a high level of adhesion. As one of the most important ways to entertain people in the digital age, games are creating great output value. In the world of Web3, games have always been seen as a potentially important application area.

According to research by Bain, the gaming market will grow by more than 50% to more than $300 billion by 2025. As consumer demand for games continues to grow, players' requirements for gaming experience continue to increase. The combination of games and blockchain technology provides players with a new game experience, and more and more games use blockchain technology to achieve player ownership of game characters and accessories, better virtual experience and so on.

In May 2022, crypto venture giant a16z announced the launch of its first gaming Fund, Games Fund One, with a size of $600 million, and one year on, the fund has made 25 investments. Statistics presented in Cointelegraph's March 2023 Blockchain Gaming report also demonstrate the growth and potential of Web3 gaming: In addition to significant funding and gaming projects, Web3 games accounted for 49% of all on-chain transactions in 2022, and daily active users grew by 60% from 2021 to 2022, showing the growth of the user base of Web3 games and the significant potential of this track relative to other tracks.

There are many ways to classify games, which can be divided from the aspects of interactivity, playability, scalability, etc., coupled with the attributes of Web3, it can also be divided from the degree of decentralization. For example, according to the decentralization from low to high, Web3 games can be divided into optional on-chain games, half-chain games and full-chain games. The optional chain game is essentially the form of traditional Web2 game + game IP derived NFT, and does not count as a real Web3 game; Half-chain games are a common form of Web3 games, where player assets are stored on-chain, but the actual game operations are still off-chain. Half-chain games solve the problem of verifying asset ownership and asset programmability, focusing on the items and properties in the game. Full chain games are truly decentralized games, and by using blockchain instead of traditional centralized game servers, all players' data is stored on the chain, indexed and written, which gives the game durability, censorship resistance and the characteristics of the community's own development.

Traditional Web3 games
Traditional Web3 games refer to most common P2E (Play-to-Earn) games, which are usually characterized by general interactivity, simple screen, P2E effect as the core, and strong community-driven, etc. They are one of the common forms of Web3 games, and are classified as half-chain games from the perspective of decentralization. These kinds of Web3 games are not as playable as Web2 games, so they attract mainly Web3 users. Just as 8bit pixel style games still have a large audience after Unreal Engine 5, gameplay is not only about interaction and graphics, but also about narrative and community engagement; This is especially true in the Web3 space: gamers can even participate in the construction of games.

AI Rein

AI Rein is a Japanese global NFT project themed around the future world of A.I. with unique AI Motion technology that allows NFT holders to control their avatar in the meta-universe through a computer's front-facing camera. AI Rein's first NFT series is a PFP for future A.I. World Citizens. AI Rein also plans to launch a blockchain-based 2D pixel style game that will allow players to experience A.I. in a virtual world full of adventure and challenge. Technology. Players can earn rewards by pledging their AI Rein NFT, which can be used throughout the game.

Chainers

Chainers is a meta-universe game that focuses on NFT and community-driven development, where players can access the game for free, while also encouraging players to create contributions and build more content. Chainers is "Play, trade, and create", where players experience, socialize, and interact; And in which to create revenue, the fun and economics of the game are realized simultaneously.

Degen Zoo

The game, built by DAOMaker founder Chris Zaknun and former MakerDAO development engineer among others, will be developed on an ultra-low budget of just $20,000 and is scheduled to be developed in just 30 days. The game is inspired by the scam of CryptoZoo NFT. The Degen Zoo project side hopes to complete the game construction with a small amount of money and a small amount of time, proving the incompetence of Logan Paul, the founder of CryptoZoo, and satirize such meta-universe game scams that deceive investors. In addition, as a charity game NFT project, all profits from the project will go to Endangered animal charities, and one of the aims of the project is to make people aware of caring for animals and nature, through the game to teach players what happens when animals are killed or species become extinct.

Aaa game
3A games are simply games with high development costs, long development cycles and large consumption of resources. This track is very similar to the public chain, it takes a relatively long time to see the real results, for general investors, as long as the 3A game early boat, in the future will generally have a relatively good return. At the same time, 3A Web3 games will be a blockchain project with great potential to break the cycle, as long as the team of such games seriously do cost control and product development, and finally deliver a real playability, quality, and meet the characteristics of Web3 3A games, Web3 or will usher in a large number of Web2 users.

Delysium

Delysium is the world's first playable AAA blockchain game. A truly open world, vivid AI-driven and fully player-owned MMO that allows players to create a variety of personalized physical assets, narrative assets, and native AI MetaBeings. By distributing large numbers of AI-powered MetaBeings across player-created and player-owned experiences, Delysium is building immersive, supreme, and dynamically generated open-world experiences for all web3 pioneers around the globe.

Wildcard Alliance

Wildcard Alliance is a triple-A PVP game based on Polygon chain that combines real-time strategy, multiplayer online competition, and cards. It plans to build a decentralized, autonomous Web3 competitive social platform. Bring players the thrill of competition, breaking the video game exciting degree, and play and watch the boundaries. Create an evergreen competitive game that is "easy to learn, but takes a lifetime to master." At the same time, it gives players the pleasure of collecting, and it makes Wildcard an IP that people really care about, a community that people want to be a part of.

Citizen Conflict

Citizen Conflict is a free-to-play Web3 MMO shooter built by Unreal Engine 5, developed by QORPO Game Studio (formerly known as Crypto Citizen) and deployed on the BSC chain. Citizen Conflict is set in the dystopian world of the Aether Islands, where every game is a fight for survival and precious loot, with both world Bound and Battle Royale gameplay. The game itself will be completely free, and in order to enhance the gaming experience, players will be able to buy or win in-game assets in the form of digital collectibles, which are optional but not required.

Fully On-chain Game (Fully on-chain Game)
Compared with optional chain games and half-chain games, the playability of full-chain games is lower, and the early cold start and ecological positive cycle are much more difficult. However, in the medium term development, the community governance asset inflation and other aspects will be much smoother, and even a stronger ecological moat and network effect will break out.

In a truly decentralized environment, the economic system is driven by the actions and decisions of the players, rather than controlled by the game developer or a central authority. Players acquire and manage in-game assets and resources by trading, cooperating, or competing. At the same time, players can also participate in the governance of the game and make rules, to achieve the autonomy of the game world. This player-driven economy and autonomous game world gives players a richer, freer experience.

PandaFarm

Panda Farm aims to build a fully on-chain, panda-themed gaming meta-universe. Users can profit from the prize pool while participating in each contest and contest. Panda Farm is a panda game platform built around the theme of pandas, and all panda-themed games are built on the blockchain. Panda Farm aims to bring blockchain into mainstream gaming by providing a real-world simulation of pandas, combining the advantages of digital construction and cryptocurrencies to appeal to crypto and non-crypto gaming enthusiasts as well as panda lovers. In the future, players can create their own paradise in PandaFarm, summon more alien creatures to play with pandas, integrate different IP into the same world view, build their own farmland, through decentralized management of farmers' choices, farmers can lock BAMBOO tokens through custom small animal NFT.

MetaLine

MetaLine is an open, transparent and inclusive world. All the information, assets and game content in the game has been decentralized. MetaLine is a Web3 based large-scale Marine management, adventure, strategy online game, which has six system modules, including production and trading system, upgrade system, port system, combat system, NFT system, and an ecosystem. Through the cooperation and correlation between different mission systems, get rich gameplay and build your own maritime empire. With the gradual release of the mission, the built-in port system also opens the door to more users to enter the meta-universe.

Arcadeum

Arcadeum is a decentralized casino, fully on-chain and self-regulated, with a demonstrable, albeit low, but highly competitive casino advantage. Betting is facilitated by liquidity pools, through which depositors receive losses and pay out wins. With custom API3 QRNG integration, random number generation is verifiably fair.

Write at the end
Web3 games have great potential to bring new possibilities to the gaming world. Game creators should never lose sight of the core priority of games: entertainment. Similarly, acquiring assets in a Web3 game project is part of the game process and should not be the sole purpose of the user's participation in the game. So for Web3 games, focusing on P2E is not enough. At the same time, in order to achieve a true Web3 game, the game needs to be built on bottom-up protocols, with token models as auxiliary means to ensure the sustainability of the game economy. In such games, players can actually own assets and freely trade them without the control and restrictions of a centralized institution or platform.

Web3 games are likely to be one of the main ways that Web2 users will enter the Web3 in the future, as mentioned in this article, by focusing on creating games with great graphics, characters, and compelling stories, and engaging users with the gameplay itself rather than the incentive. Creating a dynamic and creative Web3 game ecosystem that can attract players for a long time can release more value of Web3 games and usher in a new round of user migration for Web3.

BIT Mining Limited (NYSE: BTCM) ("BIT Mining" or the "Company"), a leading technology-driven cryptocurrency mining company, today announced that it has entered into a collaboration with Chain Reaction, a semiconductor company focused on disruptive blockchain and privacy hardware, to produce next-generation systems for bitcoin mining. The systems, expected to launch later this year, will be based on Chain Reaction's EL3CTRUM ASIC solution.

BIT Mining is the market leader in next generation architecture and mass production of high-performance, low power systems for the cryptocurrency mining industry. Together, BIT Mining and Chain Reaction are poised to leverage their expertise and knowledge to develop and create a new generation of hardware that will deliver industry leading performance with relatively low power consumption.

Chain Reaction designs hardware for blockchain, privacy, HPC and the cloud. The company has a core team with decades of experience in analog and circuit design, and an impressive history of 30 successful ASIC tapeouts that went directly to high volume manufacturing. Their recently launched EL3CTRUM ASIC is a groundbreaking blockchain chip that serves as the foundation for sustainable, high-performance blockchain technologies.

"Chain Reaction's bleeding-edge ASICs will enable BIT Mining to build next-gen systems to advance the Bitcoin mining industry towards faster, more power efficient computing," said Alon Webman, CEO of Chain Reaction.

"We are excited to work side by side with Chain Reaction, a leader in blockchain infrastructure. We believe through this collaboration we can leverage our individual strengths to provide the mining community systems that enhance long-term benefits and capabilities. With the crypto mining industry continuing to evolve, BIT Mining looks to develop systems that are more efficient, accessible, and sustainable," said Xianfeng Yang, CEO of BIT Mining.

About BIT Mining Limited

BIT Mining (NYSE: BTCM) is a leading technology-driven cryptocurrency mining company, with a long-term strategy to create value across the cryptocurrency industry. Its business covers cryptocurrency mining, mining pool, data center operation and mining machine manufacturing. The Company owns the world's top blockchain browser BTC.com and the comprehensive mining pool business operated under BTC.com, providing multi-currency mining services including BTC, ETC and LTC. The Company also owns a 7-nanometer cryptocurrency mining machine manufacturer, Bee Computing, enabling the Company's self-efficiency through vertical integration with its supply chain.

About Chain Reaction

Chain Reaction is engineering the future of disruptive blockchain and privacy technologies. The company accelerates compute performance, enabling organizations to adopt and scale solutions to the world's most complex problems. Partnering with cloud and data centers, Chain Reaction transforms compute infrastructure with custom ASICs and systems that optimize for low-power, high-performance compute. Purpose-built and custom-designed, its solutions power the next generation of secure, scalable, and green computing to help protect people, privacy, and the planet.

If you really want to convine a  person, just find appropriate times to talk bitcoins with them. once they know enough info, they will make their own decision.

Well The notion that bear markets are good for builders appears to be true

Perhaps the value of bitcoin has not been advertised in full, and some people only know the surface of it

What is Gearbox?
Gearbox defines itself as a Generalized Leverage Protocol, which means that users can use Gearbox to take leverage and use it in other DeFi protocols. Protocols supported by Gearbox include Uniswap, Curve, Convex, Lido Finance, Yearn, etc.

For easier understanding, let's put it another way. We can also think of Gearbox as a lending protocol like AAVE. While the difference is that the funds lent by the user on AAVE go straight to the user's wallet, whereas on Gearbox the funds lent by the user go to a specific credit account, where they can only be traded or used but not withdrawable. The funds that the user can lend are generally several times more than the user's initial fund, thus leveraging is achieved.



When DeFi was hot last year, there were similar projects in the market, such as Alpha Finance (now renamed Alpha Venture DAO). At that time, Alpha Finance's main feature was leverage mining and it integrated all the supported pools in advance. Protocols that integrated into Alpha Finance were chosen by Alpha's team instead of the community.

For users who wanted to go liquidity mining or yield farming, they only needed to choose a leverage multiplier or how much money they wanted to borrow. Gearbox, on the other hand, separated out the leverage feature and did not specify what users could do after leverage, but secures the borrowed fund in a credit account. Users are free to manage their credit accounts and the risk is limited to the credit accounts only.

What is TokenInsight's Rating For Gearbox?
TokenInsight has rated Gearbox's current performance with a B and a positive outlook. In addition, the distributions of TokenInsight's ratings are shown in the chart below. Similar projects with a B rating to Gearbox include Olympus, Synapse, ApolloX, and others.



The breakdown of the rating results is scored as follows.

Underlying Technology & Security 66.75%
Roadmap & Progress 68.67%
Token Economics 66.6%
Ecosystem Development 47.8%
Token Performance 12.87%
Team, Partners & Investors 31.33%




Underlying Technology & Security (66.75%)
The first version of Gearbox was launched in August 2021, followed by a v2 release in October 2022. As of December 2022, Gearbox Protocol has not suffered from any crisis such as malicious attacks. As Gearbox has deployed over 200 smart contracts, Gearbox has conducted code audits for each new version of code added. According to official disclosures, as of December 2022, Gearbox has conducted 8 rounds of code audits with third-party audit reports. Most of the problems which were found have been resolved.


Source: Gearbox Doc
At the same time, Gearbox opened a bug bounty program in February 2022 to help development teams identify and fix possible security vulnerabilities in smart contracts in a more timely manner. The Gearbox team also makes its developed smart contract codebase publicly available on GitHub, but overall code updates and access activity are infrequent. The main codebase has a single-digit collection and fork count.

Roadmap & Progress (68.67%)
Gearbox launched its v2 version followed by a secondary market launch of its native token, $GEAR, in December. According to the publicly available roadmap, Gearbox is currently working on a DAO, with no plans for 2023 disclosed at this time.

Token Economics (66.6%)
$GEAR is the native token of Gearbox and is currently used primarily for decentralized governance, with other features reportedly planned but not publicly available at this time.

The total supply of $GEAR is $10 billion, with the following distribution plan.


Distribution Plan of $GEAR. Source: Gearbox token detail page on TokenInsight
According to the $GEAR distribution plan, over 40% of the total supply will be allocated to initial developers and the founding company, which is relatively centralized. These tokens will also be locked for 1 year after the TGE and then vesting linearly for the next 18 months. Considering the TGE of $GEAR is on December 15, 2021, the share allocated to initial developers and the founding company has already started vesting and the full unlocking period is relatively short.


Funding History of Gearbox Protocol. Source: Gearbox token detail page on TokenInsight
The share of investors is relatively small, totaling less than 4% of the total supply.

Gearbox has raised a total of 3 rounds of funding.

Summer 2021, raised $2.3M from Variant Fund, 1kx, Lido Finance and others
August 2022, raised $4.15 million at a $150 million FDV with Placeholder, Zee Prime, LedgerPrime, Polymorphic, and GCR
Raised $1.585 million in September 2022 at an FDV of $150 million
Shares allocated to investors will be locked until July 2023 and unlocked linearly over the next 1 year.

Ecosystem Development (47.8%)
After Gearbox v2 went live (October 2022), its TVL exploded. TVL of Gearbox peaked on November 5 at approximately $130 million. Although its TVL decreased in mid-November due to the impact of FTX bankruptcy, it recovered to the same level in mid-December as in early November.


Source: Gearbox Dune Analytics Dashboard
As of December 22, 1,193 credits have been created and 199 credits are active.

Gearbox has official accounts and communities on Twitter, Discord, and Medium, with more than 46,000 Twitter followers.

Token Performance (12.87%)
$GEAR conducted a public sale on Curve Finance from December 13 to 23 and opened for trading afterward. As of December 23rd, $GEAR was live on OKX, Uniswap, MEXC, XT.COM, Huobi, and Bilaxy. Trading volume exceeded $3 million within 4 hours of going live on the secondary market, representing approximately 20% of the circulating market value.


Historical Price Chart of $GEAR. Source: TokenInsight
In terms of price, the price fluctuated a lot after going live on Uniswap and some centralized exchanges. The price fluctuated between $0.021 and $0.027 within 4h of going live, reflecting an FDV market cap of around $210-270 million.

Closing Thoughts
Gearbox, the first on-chain generalized leverage protocol, has built up a certain user base with its first-mover advantage. With the launch of its v2, more supported protocols have brought more users to Gearbox, making Gearbox's TVL exceed $100 million in a short period of time and becoming the 26th-ranked protocol in terms of TVL on Ethereum. To protect users' funds, Gearbox also makes all code audited as much as possible and has set up a bug bounty program. However, according to its public information, $GEAR is currently only used for decentralized governance, and the distribution plan is relatively centralized and has a relatively shorter period for full vesting. In addition, since its tokens have just been traded on the secondary market, liquidity and price performance are unstable, and it will take some time to reflect its true performance. Based on the above information, TokenInsight gives a rating of B to Gearbox Protocol with a positive outlook.

Bitcoin is experiencing an incredible bull market, and anyone who has ever purchased this asset is now profitable. If its price stays stable, then it loses the incentive for everyone to chase it. The excitement and thrill that comes with virtual currency is unmatched by stable currencies these days, and the control of the big boys will cause bitcoin to go through the roof.

Is this really necessary
It will be beyond the expection

Could do something different
Maybe bad news soon

Better late than never
Follow the trend
or you'll be far behind

They'll lose a bit more, but they’ll also gain more,
which shows that these are already being integrated into the financial system.

It's inevitable, i mean
as a result of digital and crypto currency

Yeah, I think it's good
could really see how Bitcoin as a digital asset and currency in the real world are emerging with each other