Crypto Guides, Knowledge & Insights

This Week's Noteworthy Events(Aug 26, 2024-Sep 1, 2024)

Token Unlocking Schedule　　1. Yield Guild Games (YGG) will unlock approximately 14.08 million tokens on August 27 at 14:00 UTC+0, representing 3.70% of the current circulating supply, worth about $6.8 million.　　2. SingularityNET (AGIX) will unlock approximately 8.32 million tokens on August 27 at 00:00 UTC+0, representing 1.58% of the current circulating supply, worth about $4.3 million.　　3. Tornado Cash (TORN) will unlock approximately 91,700 tokens on August 28 at 03:30 UTC+0, representing 2.41% of the current circulating supply, worth about $220,000.　　4. Optimism (OP) will unlock approximately 31.34 million tokens on August 30 at 00:00 UTC+0, representing 2.64% of the current circulating supply, worth about $50.50 million.　　5. Echelon Prime (PRIME) will unlock approximately 750,000 tokens on August 30 at 00:00 UTC+0, representing 1.68% of the current circulating supply, worth about $5.4 million.　　6. Sui (SUI) will unlock approximately 64.19 million tokens on August 31 at 00:00 UTC+0, representing 2.47% of the current circulating supply, worth about $65 million.　　7. ZetaChain (ZETA) will unlock approximately 53.89 million tokens on August 31 at 00:00 UTC+0, representing 15.71% of the current circulating supply, worth about $33 million.　　8. dydx (DYDX) will unlock approximately 8.33 million tokens on August 31 at 00:00 UTC+0, representing 3.67% of the current circulating supply,

2024-08-26Deep Dive

Win 50 USDT to Grab Black Myth Wukong Game!

Event Duration: August 26, 2024, 12:00 - August 29, 2024, 12:00 (UTC+8)　　Participation Steps　　1.Sign up or log in to the WikiBit Website: https://www.wikibit.com/en/loc=wk　　2.Join WikiBit community: https://t.me/WikibitRegulatoryCommunity　　3.Send “Wukong + your user ID” to the group

2024-08-26Deep Dive

Exploring DOGS Tokenomics and Exchange Activities Across Major Platforms

We mentioned the meme coin DOGS on the TON chain in July, and it has recently surged in popularity again. One of the reasons is that DOGS utilizes a free token airdrop mechanism for Telegram users, which has led to a substantial user base. According to official data, DOGS now has 43.3 million users. More importantly, DOGS is approaching its TGE (Token Generation Event), and multiple exchanges have announced promotions offering DOGS as rewards for deposits, sparking intense competition.　　Based on pre-market prices across exchanges, DOGS current market cap is approximately $1 billion. This article will break down DOGS tokenomics and outline the various activities conducted by major exchanges regarding DOGS.　　For an introduction to the DOGS project, visit the following link:https://www.wikibit.com/en/202407115374246021.htmlDOGS Distribution Method　　 Below is a step-by-step guide to joining the DOGS community and earning tokens:　　1) Join the Dogs Bot: Access the Dogs Bot on Telegram.　　2) Launch the Bot: After joining, click the “Start” button. The bot will guide you through the entire process.　　3) Check Your Telegram Usage: The bot will ask you to verify your Telegram usage duration. The longer youve used Telegram, the more DOGS tokens you will receive.　　4) Receive Your DOGS Tokens: After verification, the bot will reward

2024-08-22Deep Dive

Understanding Intent and Chain Abstraction: Seamlessly Bringing Mass Users into the Blockchain?

In the previous cycle, the blockchain industry focused on scalability, with Ethereum building Layer 2 solutions and multiple Layer 1 chains raising significant funds. The industrys main goal was to solve the issue of low on-chain performance, which hindered mass user adoption. However, as market volatility persisted, Ethereums gas fees dropped to as low as 2 gwei, and on-chain performance was no longer the primary factor limiting blockchain development.　　As performance issues gradually eased, the industrys focus shifted from scalability to lowering the barriers for users to enter the blockchain space. Chain abstraction and intent abstraction have gained attention, as they enhance blockchain usability and adoption by hiding the underlying complexity and simplifying user interactions. These two abstraction methods not only help users seamlessly operate across different chains but also convert high-level user intents into automated execution, making blockchain technology more accessible to the general public.Understanding Chain Abstraction and Intent Abstraction　　Chain Abstraction and Intent Abstraction are two concepts in the blockchain field, primarily used to discuss technological methods that simplify complexity, enhance interoperability, and improve user experience.　　While chain abstraction and intent abstraction share similar goals of simplifying user interactions with blockchain, they differ significantly in terms of the level they address,

2024-08-21Deep Dive

WikiBit—Protecting Users Assets in Web3 from the Source

In recent years, the blockchain industry has developed rapidly, but with the swift expansion of the industry, various issues have also emerged. Exchanges, as a crucial part of the blockchain ecosystem, hold a particularly important position, especially in meeting users trading needs, over-the-counter (OTC) transactions, and other essential functions. However, problems at exchanges are frequent, and fraudulent activities are common. Issues such as Ponzi schemes, exit scams, hacking attacks, and fake trading data occur from time to time.　　A large number of exchanges globally have already faced closures or security incidents due to various issues, resulting in significant user fund losses and market instability. Additionally, there are smaller platforms that imitate well-known exchanges, and even fraudulent exchanges created solely for scams. These platforms typically deceive users into investing and trading by mimicking the interfaces and branding of legitimate platforms. Not only do they lack basic security measures, but they often disappear quickly with the users funds, causing significant financial losses. Due to their short operational lifespans and lack of transparency, many of these fraudulent activities are not disclosed in time, further exacerbating market chaos and user panic.　　The chart below only accounts for well-known exchanges, with amounts exceeding several billion dollars and

2024-08-20Deep Dive

This Week's Noteworthy Events(Aug. 19, 2024-Aug. 25, 2024)

Token Unlocking Events　　According to TokenUnlock, nine tokens will be unlocked this week.　　Notably, AVAX will unlock an amount equivalent to 2.59% of its circulating supply, valued at approximately $210 million, potentially leading to significant selling pressure. Additionally, PIXEL and ID will unlock a high proportion of their circulating supply, which could result in price volatility.Upbits New Service Terms Effective August 19　　According to an official announcement, Upbit will update 34 service terms, effective August 19, 2024. These include new rules on minimum deposit and withdrawal amounts for digital assets and the potential cancellation of open orders during service changes to protect users. Additionally, Upbit will cease deposit services for delisted assets and require users to review minimum deposit and withdrawal thresholds before transactions.Binance to Delist Six Tokens Starting August 19　　Binance has announced the gradual delisting and termination of all trading related to six tokens starting August 19, 2024. These tokens include PowerPool (CVP), Ellipsis (EPX), ForTube (FOR), Loom Network (LOOM), Reef (REEF), and VGX Token (VGX).DOGS Token Claims Now Available via Telegram Wallet and CEX　　In a message posted on their Telegram community, DOGS has opened claims for DOGS tokens through Telegram Wallet and CEX. Users will not receive the tokens immediately, but

2024-08-19Deep Dive

BTC Diverges from U.S. Stocks: Two Key Factors Driving Bitcoin's Trend

The U.S. July retail sales data exceeded expectations across the board, with the overall retail month-on-month growth rate reaching a new high in a year and a half, although the previous months data was revised downward for the eighth consecutive month. The release of this data gradually corrected the recession narrative.　　The Dow Jones opened at 40,295.74 points, up 0.72%, the Ss price movements have often shown a strong correlation with U.S. equities, certain factors have caused sharp short-term fluctuations in BTC prices.Selling Pressure　　In recent years, governments have seized large amounts of BTC obtained through illegal activities, which could become selling pressure in the market, influencing traders sentiment.　　On August 14, blockchain analytics platform Arkham Intelligence detected a new Bitcoin transfer by the U.S. government. According to Arkhams report, the government transferred 10,000 BTC, worth $593.5 million, from assets seized during the Silk Road crackdown.　　Movements of on-chain assets, especially transfers to exchanges, are often seen as a signal of selling. This large Bitcoin transfer indeed caught the attention of the cryptocurrency community, sparking speculation about its destination and the potential impact on an already troubled market.Macroeconomic Factors　　Bitcoins price is influenced by various macroeconomic factors, which impact the Bitcoin market through channels such

2024-08-16Deep Dive

Unveiling Monad: The Next Frontier in High-Performance Blockchain and Its Leading Projects

Users who focus on infrastructure, Layer1, and scalability are likely already familiar with Monad. Over the past two years, Monad has attracted a large following thanks to its significant funding and the deep experience of its founding team. According to public information, Monad has raised a total of $244 million, with participation from top-tier institutions such as Paradigm and Coinbase Ventures.　　Monad is centered around the concept of “Parallel EVM,” which accelerates Ethereum transactions through pipelined execution, supporting up to 10,000 transactions per second. The founders, Keone Hon and James Hunsaker, previously worked at Jump Trading for eight years. During their time at Jump, Keone managed a high-frequency trading (HFT) team, while James built an ultra-low-latency trading system that handled billions of dollars in daily trading volume across major futures markets. This strong background is a key reason why Monad has been able to secure such high levels of funding and attract attention from top-tier investors.　　Jump Trading has recently slowed down its activities in the crypto industry, and starting in late July, it began selling large amounts of ETH, signaling a possible gradual withdrawal from the crypto space. Despite being a project founded by former Jump employees, Monad appears to have

2024-08-15Deep Dive

The Prelude to WikiEXPO Thailand - "Pick Your Favorite Trading Method and Discover Keys to Wealth"

WikiEXPO has launched the nationwide voting campaign “Pick Your Favorite Trading Method” in Thailand, with active participation from top KOLs and seasoned investors. The first round of voting has successfully ended, and we thank every voter for their enthusiastic support! Now, lets embark on a journey from Thailand to explore the global investment landscape and unlock a new chapter of wealth together.　　Global Perspective, Professional Insights　　In addition, WikiEXPO has elabrately prepared a series of knowledge events, inviting renowned industry KOLs to regularly share their professional insights on social media platforms. They will analyze the advantages and disadvantages, operational techniques, considerations, and practical experiences of various trading methods. Whether you are a newcomer to the market or an experienced veteran, you will find valuable resources to enhance your skills here.　　Thought Exchange at the Event　　One of the most anticipated highlights is the roundtable discussions at the WikiEXPO Thailand exhibition. At that time, numerous industry leaders will gather to conduct an in-depth analysis and interpretation of the voting results, providing the audience with cutting-edge industry trend analyses and insights. This will not only be a technical exchange but also a collision of wisdom, inspiring more thoughts and ideas about the future of the investment

2024-08-14Deep Dive

Analysis of the Bitcoin Scaling Solution: Fractal Bitcoin

In March 2023, developer Domo introduced the BRC-20 standard using the Ordinals protocol and Inscriptions, allowing users to issue and trade tokens on the Bitcoin network, similar to Ethereums ERC-20 standard. The issuance of new assets created significant wealth opportunities, attracting the attention of many developers and venture capitalists to the Bitcoin ecosystem.　　With the rise of the Ordinals protocol and the BRC-20 standard, user-friendly asset management tools and trading markets became essential for participants. Unisat is a browser-based wallet focused on the Bitcoin blockchain, specifically on the Ordinals and BRC-20 standards. Leveraging its first-mover advantage, Unisat has captured a significant market share.　　The explosive popularity of “Inscriptions” not only drew the attention of the public and developers to the Bitcoin ecosystem but also highlighted the potential to unlock Bitcoins vast potential. This led to a growing demand for scalability.　　Fractal is a Bitcoin Layer 2 solution co-developed by the Unisat team, BSF, Uniworlds, and Asset Bridge. It is the only solution that uses Bitcoins core code to recursively expand infinite layers on top of the Bitcoin blockchain, using BRC-20 token Sats as the gas fee.Fractal Bitcoin Explained　　Fractal Bitcoin improves transaction processing capacity and speed by recursively creating infinite expansion layers on the

2024-08-13Deep Dive

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