Evening Must-Reads: 5 Articles | "The Great Devaluation" is Already on Its Way

1.Ethereum ten years Putting off encryption checkered shirt, wearing the suit of financial elites

The price of Ethereum is just a step away from four thousand dollars, a stark contrast to the scene just over three months ago when it plummeted below 1500 dollars in April, with everyone calling for its downfall. During these three months, its growth has significantly outpaced Bitcoin. Throughout July, it rose nearly 60%. From the frenzy of OGs selling off during the ICO era to now, where evangelists are pitching door to door on Wall Street, and even at the high of 3800, there are still large whales making substantial purchases. Click to read.

2. Tom Lee: Why Are So Many Cryptocurrency Vault Companies Emerging

Recently, Tom Lee, the chairman of BitMine, and Cosmo Jiang, a partner at Pantera Capital, engaged in a dialogue to analyze the reasons for investing in digital asset treasury companies (DAT). The two discussed why DAT might be a better encryption investment tool than holding an ETF or the underlying tokens themselves, the driving factors behind the emergence of DAT, why BitMine has chosen Ethereum treasury, and the potential risks of DAT, among other topics. Click to read.

3. Zora Flywheel: Why ZORA Can Surge 8 Times

Zora is an on-chain social network where every piece of content published by users is converted into tradable tokens. This focus on content makes Zora stand out in the current token issuance track. In addition, the Zora mobile application (available for download on the Apple and Google stores) features an interface design similar to Instagram, allowing both ordinary users and encryption enthusiasts to easily get started. Click to read.

4. Brother Ma Ji and Yi Nengjing return to the NFT market entering a deep shift period?

"In front is Ma Ji, behind is Yineng Jing. Many of the previous NFT big brothers have returned." In 2021, the celebrity effect fueled the NFT frenzy. Now, they return once again, bringing different stories and bets. Meanwhile, the NFT market's trading volume is warming up, and buyers are surging. Behind this apparent recovery, is it the real arrival of spring, or just an illusion in a winter cold? Click to read.

5. "The Great Devaluation" is already on the way.

A systematic "devaluation" is sweeping the globe on an unprecedented scale, and its eye of the storm is in the Federal Reserve in Washington. This institution, once regarded as a stabilizer of global finance, paradoxically has become an accelerator of this massive devaluation. What it endures is far from ordinary pressure - on the left is the abyss of resurgent inflation, on the right is the cliff of economic recession, and around its neck hangs a dagger from the White House. Click to read.

ZORA5.03%
ETH-1.59%
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