Web3 Hand-copied Newspaper: This week's industry hotspots and explosions that should not be missed

Foresight News gives you a quick look at this week’s trending topics and recommendations:

01 Investment Map

Arcane Ventures’ Investment Landscape: Exploring the New Consumption Paradigm in the Web3 Era

02 Munger passed away

“Munger died, and the person who hated BTC the most was gone”

03 Web3er

Interview with the Founder of DWF Labs: Innovators Don’t Follow Legitimacy, the “Nokia Era” of Market Makers Is Gone

Binance’s New CEO’s First Open Letter: Building a World-Changing Financial Ecosystem

Fat Penguin CEO: I’m a thrifty guy and that Rolls-Royce is the worst car in my yard

04 Market Insight

Crypto Funding Trend Insights: Who Gets the Most Funding and Who Are the Top Investors?

“Monopoly on custody services, Coinbase will become the ultimate winner in the BTC ETF era?”

“The BTC in the Eyes of U.S. Presidential Candidates: Free Money, Scams…”

How to Determine the Interest Rate of DeFi Lending Protocols: A Brief Analysis of 6 Models

05 Project Observation

“Starknet Update Roadmap for Upcoming Coin Issuance, Which DeFi Protocols Are Worth Interacting With?”

“Behind the USTC Crash, Mint Cash Will Rebuild Stablecoin and Anchor?”

"Understanding the Full-Chain Stablecoin USDV in 3 Minutes: How Does It Work?

TVL Surges 5x in 30 Days, Understanding the Solana Ecosystem LSD Protocol Jito

01 Investment Landscape

Founded in 2022, the “first year of the metaverse”, Arcane Ventures is deeply involved in the field of blockchain technology and cutting-edge technology in Asia, and currently has a fund management scale of 200 million US dollars. While Arcane Ventures is still a young venture capital firm with a budding investment landscape, its investment strategy is already there. Recommended Articles:

Arcane Ventures Investment Landscape: Exploring the New Consumption Paradigm in the Web3 Era**

Arcane Ventures’ investments mainly cover virtual IP, blockchain games/metaverse, infrastructure, DeFi, community and other tracks. Arcane does not adopt the “wide net” strategy preferred by most investment institutions, and it is not difficult to see from the distribution of investment numbers that Arcane Ventures still focuses on virtual IP and “Web3 new consumption” areas such as blockchain games, metaverse, and user-friendly infrastructure.

02 Munger dies

On the morning of November 28, Warren Buffett’s “closest” partner, Charlie Munger, vice chairman of Berkshire Hathaway, passed away at the age of 99. As a legendary Wall Street investment guru, Munger’s dislike for BTC and cryptocurrencies has always been evident. This article briefly reviews Munger’s well-known public statements about BTC and cryptocurrency, as well as the hidden crypto investment landscape of him and the Berkshire Hathaway behind him. Recommended Articles:

"** Munger passed away, and the person who “hated BTC the most” left****

On October 29, just before Munger’s death, Munger made a rare appearance on the recording of the popular business podcast show Acquired, in which the host also mentioned BTC again, expressing curiosity about Munger’s view on a particular angle – that is, “is it a good thing to BTC as an independent store of value and not tied to the state”?

Unlike previous BTC heated rhetoric, Munger’s answer, which did not directly mention and slammed BTC, seemed much more modest, saying, “It is good for the world to have a currency that is accepted on a global scale. In the past, the British pound was the dominant currency in the international investment scene, then gradually shifted to the US dollar, and is still dominated by the US dollar. Some countries, such as China, have large dollar reserves because they buy American products and services, and the United States can issue its own dollars.”

03 Web3er

If you look back at 2022, DWF Labs and Andrei Grachev are both undeniably the focus of controversy. In this article, Grachev reveals the basic composition of DWF Labs, its various businesses, funding sources, risk management methods, investment logic and style, bull market planning, the latest progress of the acquisition of FTX, and his views on the global crypto market. Recommended Articles:

****** Interview with the Founder of DWF Labs: Innovators Don’t Follow Legitimacy, the “Nokia Era” of Market Makers Is Gone**

Foresight News: Over the course of your time, you’ve been making a lot of big investments, so a lot of people, including me, are wondering, what is the source of funding for DWF Labs, and has it ever been funded?

Andrei Grachev: We have never been involved in fundraising and we don’t have any plans at the moment. DWF has been financially sound, especially making a lot of money during the bull market phase from 2020 to 2022. We’ve leveraged these funds while continuing to be profitable. While I can’t give a specific number, I can assure you that we have the financial capacity to easily invest tens of millions of dollars a month in start-ups. Our main goal is not to invest 10 million to make 200,000, we prefer to invest 10 million, be patient, and then make 50 million.

After the Binance storm some time ago, the CZ era has passed, and the RT era has officially begun. This is the first open letter from Binance’s new CEO, Richard Teng. Recommended Articles:

Full Text|Binance’s New CEO’s First Open Letter: Will Build a Financial Ecosystem That Will Change the World

Binance has turned a new chapter, and in fact, we are stronger today than ever.

Over the past two years, Binance has systematically addressed compliance issues through a series of important initiatives, including recruiting, hiring, and retaining the right talent, and strengthening Binance’s compliance procedures and culture.

More than ever, we need to work with policymakers. Only in this way can we effectively contribute to the development of a globally harmonized regulatory framework that drives innovation while providing critical consumer protection.

I am eager to work with my peers across the industry. When we are united, our voices will be louder and heard by more people.

After selling her costume jewelry e-commerce business, Luca Netz became a self-made millionaire at the age of 18. He then bought Pudgy Penguins for $2.5 million, and with the launch of the Pudgy Penguins plush toy at Walmart, the 25-year-old is worth more than $100 million. Recommended Articles:

"** Fat Penguin CEO: I’m a thrifty person, that Rolls-Royce is the worst car in my yard******

Netz told Fortune magazine in a recent interview that while he had never spent as lavishly as his similarly wealthy peers, he admitted to buying something extraordinarily flashy: a Rolls-Royce Cullinan, which had a starting price of more than $375,000 for the base model at the time.

04 Market Insights

Over the past few years, the funding landscape has changed significantly as new crypto projects and protocols have attracted a lot of funding. This report will cover fundraising over the past few years and delve into the details of this year’s fundraising. Recommended Articles:

Crypto Financing Trend Insights: Who Gets the Most Funding and Who Are the Top Investors?****

DeFi investments accounted for 29% of total funding raised during this period. Some of the larger DeFi investment cases include Li.Fi, M^ZERO, and Radiant. In addition, games are also a popular category, with most of the investments taking place in 2021 and 2022. But to this day, it remains one of the areas that receives the most funding.

Custodian services are the track that provides critical infrastructure for BTC ETFs, but there hasn’t really been a real race in this space. So far, crypto exchange Coinbase has been dominant, while BitGo, a giant in crypto asset custody services, has been left on the fringes. Recommended Articles:

Coinbase will become the ultimate winner in the BTC ETF era?****

Coinbase, run by CEO Brian Armstrong, is currently the choice of 9 out of 12 BTC ETFs applied in the US, a concentration that has upset some. Since Fidelity decided to escrow its own assets, and VanEck chose Gemini, there was only one applicant left who did not list their own escrow partner.

Ahead of the 2024 U.S. presidential election, BTC has been keeping a low profile on the national political scene. For the first time in history, BTC is a prominent issue for the presidential candidates of both parties. Recommended Articles:

"The BTC in the Eyes of the Presidential Candidates of the United States: Free Money, Scams…****

Kennedy is the new standard for BTC candidates moving forward. In large part, Kennedy stood out for his bold vision of the United States and its monetary policy thanks to a clear and thorough position detailing how BTC would be integrated during his presidency. It doesn’t feel like another politician is including BTC in order to influence or fill the donor coffer; That said, while his recent announcement of his candidacy as an independent wasn’t a surprise, it was a real surprise that he fired campaign manager Dennis Kucinich for his daughter-in-law, former CIA agent Amaryllis Hope Fox. 、

How to Determine the Interest Rate of DeFi Lending Protocols?A Brief Analysis of 6 Modes**

Order book pricing: Most flexible and market-driven, but with a trade-off user experience

Utilization-based pricing: This model finds product-market fit in DeFi, but it’s not 100% efficient and doesn’t perform well in extreme cases

Auctions: Good pricing, efficient loans, but requiring users to plan ahead, fragmentation of the secondary market, and other minor frictions.

AJNA Utilization Model: A modification of the classic utilization model for use in oracle-less protocols

Tazz Perpetual Loan Financing Model: A new p2pool loan primitive that allows the market to price interest rates, making collateral fully modular.

Manual pricing: Governance-led pricing.

05 Item Observation

Recently, Starknet released a new roadmap that identifies plans to support the use of STRK to pay transaction fees in a V3 transaction structure, which also hints at the upcoming launch of the STRK token. What are the five main issues identified in Starknet’s new roadmap?How far has the Starknet token progressed?And what DeFi protocols are worth interacting with?Recommended articles:

"Starknet Update Roadmap for the Upcoming Coin Issuance, Which DeFi Protocols Are Worth Interacting With?****

Starknet disclosed the tokenomics in mid-2022, with a maximum total supply of 10 billion STRK tokens, including:

17% to StarkWare investors;

32.9% is allocated to core contributors, including StarkWare and its employees and consultants, as well as Starknet software development partners;

50.1% was distributed by the StarkWare Grant Foundation, which:

• 9% as Community Provisions for those who work for Starknet and provide support or development for its underlying technology;

• 9% as a community rebate (to partially cover the cost of joining Starknet from ETH), and 12% to fund research and work that developed, tested, deployed, and maintained the Starknet protocol;

• 10% as a strategic reserve to fund ecosystem activities aligned with the Foundation’s mission;

• 2% at the discretion of Starknet token holders and the Foundation to donate to highly regarded institutions and organizations, such as universities, NGOs, etc.;

• 8.1% unallocated, in ways determined by the community to further support the Starknet community.

All tokens distributed to core contributors and investors will be subject to a 4-year lock-up period (linear release after one year of full lock-up).

At 23:00 last Sunday night, the original Terra ecological stablecoin UST (USTC) suddenly took off in a straight line, hitting 0.05 USDT from 0.02 USDT within 1 hour, an increase of 250%, and remained around 0.0414 USDT as of the time of writing, a new high in a year. Old trees bloom new flowers, as a LUNC/USTC that has been a “failed project” in the hearts of many people, successfully attracting the attention of the public by virtue of the pull plate here, and the market interpretation is also different, so what is the reason behind the USTC skyrocket? What are the new variables worth paying attention to?Recommended articles:

Behind the USTC Storm, Mint Cash Will Rebuild Stablecoin and Anchor?****

Objectively, the Terra Classic community has also been actively trying to save itself in the past year, proposing a package to re-anchor USTC to $1, but it has been stranded due to a lack of practical operability and no one to push it.

It wasn’t until the launch of Mint Cash on October 7 that it may have been a key trigger for the USTC surge and the recovery of market sentiment, so let’s take a look at what Mint Cash is and what to do.

According to the official website, Mint Cash is a “permissionless and price-stable payment and savings currency system”, and its core developers are from the former Anchor team and Aleph Research, and are planning to build a Polaris EVM chain based on the Cosmos SDK with CosmWasm and Berachain.

Mint Cash’s currently publicly disclosed core products are mainly two: the new stablecoin CASH, and the new Anchor “Anchor Sail”.

The underlying assets are fully backed by short-term U.S. Treasury tokens, and the “value attribution” algorithm ColorTrace is used to achieve community-driven growth, what kind of variables will the full-chain stablecoin USDV bring to the industry?

"** Three Minutes to Understand the Full-Chain Stablecoin USDV: How Does It Work?****"**

Since its launch, > USDV has been supported by 23 industry-leading CeFi, DeFi, and GameFi contributors, including Animoca Brands, Bitget Exchange, Curve Finance, Beam by Eco, Frax Finance, LayerZero, Matrixport, Maverick Protocol, Stargate Finance, SushiSwap, Trader Joe, Wintermute, Wombat Exchange, WOO Network, and zk. Link, etc.

can be found that USDV supporters and adopters are spread across various fields such as CEX, asset management, custody, DEX, LP, AMM, DeFi protocols, OTC, infrastructure, wallets, payments, etc., and with the further adoption of USDV, it is expected to unlock a wider and deeper application scenario and further enhance market acceptance.

On November 28th, Jito announced the upcoming launch of a governance token and will use 10% of the token supply for airdrops. After Lido announced that it would no longer support SOL staking, Jito reaped the benefits, surging from $57 million in mid-October to $360 million currently, an increase of 5.4x, and a 1.5x increase in the price of SOL over the same period. At the beginning of this year, Jito had less than $5 million in lock-ups, and has now jumped to become the second-largest lock-up protocol in the Solana ecosystem, behind Marinade Finance, a liquid staking protocol. Recommended Articles:

TVL 30 Days Surge 5 Times, Understanding the Solana Ecosystem LSD Protocol Jito

terms of tokenomics, the total supply of JTO is 1 billion, of which 10% will be used for airdrops, 24.3% will be directly controlled by token holders through DAO governance on Realms, 25% will be used for ecosystem development, 16.2% will be allocated to investors (fully locked for 1 year and fully unlocked in 3 years), and 24.5% will be allocated to core contributors, i.e., the founders of Jito and employees of early contributors to the ecosystem (fully locked for 1 year and fully unlocked within 3 years).