1. "5% of the world" door pre-opening article to understand the current status of national debt RWA track projects

On August 17, the yield on the 10-year U.S. Treasury bond rose to 4.307%, a nearly 15-year high; the yield on the 30-year Treasury bond rose to 4.4219%, the highest level since 2011. In this regard, Bank of America strategists said that investors should prepare for the return of the "5% world". Before the 2008 global financial crisis opened the era of zero interest rates in the United States, the yield of medium and long-term bonds was usually around 5%. click to read

2. Why do you say that friend.tech is not the SocialFi application we need?

friend.tech sucks, it's not the SocialFi (social finance) app we need, why do you say that? Given what we've seen recently about friend.tech, this may be an unpopular opinion. But please be patient and read this article. We're very eager to see a new or Twitter-replacing SocialFi app, and we'll try hard to like it. click to read

3. Expel Validium? Re-understand Layer2 from the perspective of Danksharding proposer

Recently, Dankrad Feist, the creator of Danksharding and a researcher at the Ethereum Foundation, made some controversial remarks on Twitter. He clearly pointed out that a modular blockchain that does not use ETH as the DA layer (data availability layer) is not Rollup, nor is it Ethereum Layer 2. According to Dankrad, Arbitrum Nova, Immutable X, Metis, and ApeX may all be "removed" from the Layer 2 list, because they only disclose transaction data outside of ETH (they built their own off-chain DA network called DAC). click to read

4. Cryptocurrency Cycles and US Monetary Policy

The article examines volatility in cryptocurrency markets and how they relate to global stock markets and U.S. monetary policy. The researchers identified a single price component, dubbed the "crypto factor," that explained 80 percent of cryptocurrency price movements, and showed that its correlation with the stock market increased with the timing of institutional investor entry into the cryptocurrency market. match. The researchers also documented a similar phenomenon to equities, where tightening monetary policy from the Federal Reserve reduced the impact of crypto factors through the risk-taking channel, contrary to the notion that crypto assets provide a hedge against market risk. Finally, the researchers show that a sample heterogeneous agency model with time-varying overall risk aversion can explain their empirical results and highlight the potential for crypto markets to transmit risk to equity markets if institutional investor participation becomes large. click to read

5. How to regulate DeFi to protect consumers and promote innovation

The decentralized finance (DeFi) ecosystem has become a disruptive force in the financial world, promising democratization, transparency, and financial inclusion. Blockchain technology enables peer-to-peer financial transactions and eliminates intermediaries, thereby eliminating costs, lengthy waiting times, and associated risks. click to read