FTX China creditor Will will disclose that FTX's "restricted jurisdiction" motion may deprive Chinese creditors of their rights. Despite FTX having made repayments, Chinese creditors still have not received compensation. Will urges creditors to promptly submit objections to the judge to protect their rights. He questions the fairness and legal basis of FTX's motion, emphasizing that USD debts should be paid through traditional means.

Ethena: The "Federal Reserve" of the new generation of Crypto Assets
1. Ethena Team Background
The Ethena team members have extensive expertise and practical experience in areas such as Crypto Assets, finance, and technology. Founder G previously worked at a large hedge fund and established Ethena after the Luna crash. The COO was a product manager at a well-known investment institution and has also worked at a derivatives trading platform. The Head of Institutional Growth for the Asia-Pacific region has held roles such as Head of Investment Research and Head of Institutional Partnerships.
2. Financing Situation
According to data platforms, Ethena has completed three rounds of financing, with a total financing amount of $119.5 million. Major investors include several well-known venture capital institutions. Ethena's investors include exchanges, market makers, and investment institutions with traditional financial backgrounds, providing funding support and industry resources for its development.
Three, E

PoL v2: Exploring the Value Closed Loop of Berachain
The latest PoL (Proof of Liquidity) v2 mechanism launched by Berachain attempts to address the long-standing "mainnet asset dilemma" of traditional public chains through innovative layer-level incentive redistribution. The core of this mechanism lies in shifting 33% of DApp incentives from BGT stakers to BERA stakers, marking a significant transformation in the value model of mainnet assets.
From liquidity incentives to value closed loops
PoL

Themis log in Blast L2: Innovative dual Token economic model leads a new chapter in Decentralization derivation.
Recently, the established decentralized derivation protocol Themis announced its official log in to Blast L2 and launched a brand new Token and economic model, injecting new vitality into the decentralized derivation track.
Themis Protocol started its IDO on May 13 and announced the successful completion of the IDO on May 29. It reached its hard cap within 15 days, raising a total of 625 ETH, with subscription amounts exceeding 2.4 million USD. Such a booming market response reflects the high level of attention investors have towards Themis Protocol. This article will delve into the dual-token economic model of Themis Protocol on Blast L2, including the governance token $THS and the contribution value token.

At the recent World Government Summit, a leader in the technology industry proposed the concept of "sovereign AI". This raised the question: what form of AI can truly meet the interests and needs of the Crypto Assets community? The answer may be found in the combination of Web3 and AI.
The founder of Ethereum explored the synergies between AI and encryption technology in an article: the decentralization of encryption technology can balance the centralization tendencies of AI; the transparency of encryption technology can compensate for the opacity of AI; and blockchain can aid in the storage and tracking of the data required by AI. This synergy runs throughout the entire industrial ecosystem of Web3+AI.
Currently, most Web3+AI projects are dedicated to using blockchain technology to address infrastructure construction issues in the AI industry, while a few projects attempt to solve specific problems in Web3 applications using AI. The Web3+AI industry mainly encompasses the following aspects:
1. Computing Power Layer:

The cryptocurrency market is currently in a bull run pullback phase. The article provides buying recommendations and target prices for the top 10 crypto assets, including Bitcoin, Ethereum, and other mainstream tokens, highlighting the importance of Risk Management and flexible responses to the market.

What is the value of AI Ether?
Network connection
NVIDIA is actively embracing Ethernet. In March, it launched the SpectrumX-800 Ethernet, and in May, its financial report guidance indicated that the Spectrum Ethernet platform will contribute billions of dollars in revenue for the next fiscal year, showing that NVIDIA is pushing network connectivity towards Ethernet.
Ethernet and IB networks each have their advantages:
- High compatibility with Ether network, low cost, and good flexibility
- The IB network has excellent performance, with high bandwidth, low latency, and strong reliability.
Ethernet has a broad user base and low costs. The IB network has strong backing from Nvidia but comes with a high premium, resulting in fewer hardware units within the same budget.
Looking to the future, the advantages of Ether are becoming increasingly apparent:
- Performance improvement, Meta tests show performance is 10% higher than IB.
- Stronger large-scale cluster capabilities
- Openness is a core advantage
Currently forming two major camps:
1. Super Ether Network

The Dilemma and Solutions of the Airdrop Ecosystem: From the Myth of Sudden Wealth to the Collapse of Trust
Airdrops, as a common marketing and user acquisition strategy in the cryptocurrency field, have gained immense popularity due to their "zero-cost" characteristics and wealth effects. However, recently, airdrops have gradually evolved from a "get-rich-quick myth" into a controversial battleground. The trust crisis between project parties and users, imbalance in distribution mechanisms, rampant witch attacks, and survival dilemmas for participants together constitute the complex situation of the current airdrop ecosystem. This article will take some recent controversial events as examples to explore the roots of distribution imbalance in the Web3 airdrop ecosystem, the chain reaction of user backlash, and the deep-seated contradictions behind the collapse of trust.
1. Imbalanced distribution by the project party, users transition from "harvesting" to "being harvested"
1. Capital-led distribution logic
Taking the recent controversial airdrop of a certain project as an example, the total amount of the airdrop accounts for 15.8% of the initial supply, but testnet users received only 1.65%, while NF

Recently, Crypto Assets concept stocks have received widespread attention in the US stock market, with companies like Circle and Coinbase rapidly growing, and stablecoin and Bitcoin reserve concept stocks performing outstandingly. Many companies are beginning to incorporate Crypto Assets into their reserves and explore new business models.

The True Advocate of Cypherpunk: A Decade Journey of Bitcoin's Staunch Supporters
Jack Dorsey, as a long-time staunch supporter of Bitcoin and a tech entrepreneur, has been involved in cryptocurrency for over a decade. Even in situations where the investment outweighs the returns, he still maintains his passion for this field.
Taking the Bitcoin Lightning Network as an example, Dorsey not only launched the LDK development kit but also actively promoted the integration of Lightning Network payment functions into social platforms. His attention to the Bitcoin ecosystem is all-encompassing, as fully reflected in his relaunch of Bitchat and plans to support Nostr networking features in the future.
Although Dorsey is known as the founder of a social platform, his innovations in the fintech sector are equally remarkable. He has always been exploring more liberated forms of social interaction and decentralized network organizations.

Cudos is committed to building a reliable Oracle Machine system that integrates idle Computing Power from around the world to enhance the computing capacity and data connectivity of Blockchain applications. By collaborating with leading infrastructure companies to introduce a large amount of GPU resources, Cudos has made significant progress in decentralized cloud computing and AI model support, looking forward to its continued innovation and application in the Blockchain field.

Jack Liu has witnessed the development of multiple innovations within the Bitcoin ecosystem, emphasizing the importance of simplicity and liquidity in a decentralized economy. His projects BAMK and NUSD aim to create community value and achieve broad participation, with future goals including expanding on-chain activities and reducing reliance on centralized exchanges.

Web3 Gaming Gala: The Dubai Token2049 Pre-Party Successfully Concluded
On April 17, 2024, a grand party focusing on the theme of Web3 games was held at the 3BK of the Armani Hotel in the iconic Burj Khalifa in Dubai. Despite the extreme weather in Dubai recently, it could not dampen the enthusiasm of the attendees. Against the backdrop of Dubai's dazzling night scene, experts and scholars from leading institutions in the Web3 industry and leaders from the gaming industry gathered together to discuss the limitless innovative potential of Web3 games and to outline a blueprint for the future development of the industry.
During the event, several industry veterans delivered exciting speeches, announced significant collaborations, and engaged in three in-depth roundtable discussions. The topics covered various aspects, including Web3 gaming technology, development strategies in the gaming sector, and exploration of industry trends.
Highlights of the Speech
After an amazing opening performance, the Asia Blockchain Game Alliance

The Evolution of AI Training Paradigms: From Centralized Control to a Technological Revolution of Decentralized Collaboration
In the full value chain of AI, model training is the most resource-intensive and technically challenging phase, directly determining the upper limit of the model's capabilities and its actual application effects. Compared to the lightweight calls in the inference stage, the training process requires continuous large-scale computing power investment, complex data processing workflows, and high-intensity optimization algorithm support, making it the true "heavy industry" of AI system construction. From an architectural paradigm perspective, training methods can be divided into four categories: centralized training, distributed training, federated learning, and the focus of this article, Decentralization training.
Centralized training is the most common traditional method, completed by a single entity within a local high-performance cluster, coordinating the entire training process, from hardware, underlying software, cluster scheduling systems, to all components of the training framework, all operated by a unified control system. This deeply collaborative architecture facilitates memory sharing and gradient synchronization.

Plume Network is building a dedicated blockchain for real-world assets, aimed at enhancing the liquidity and accessibility of RWAs. By combining RWA-Fi and DeFi, users can lend and trade just like with encryption assets, increasing institutional follow of public blockchains. Plume's testnet has been successful, attracting global users and a variety of asset applications, with a native Token set to be launched in the future to enhance ecosystem participation.