Weekly Feature丨Uniswap Labs' new charging policy causes controversy; Fake news triggered a real rise in bitcoin, breaking through $30,000 intraday

PANews Editor’s Note: PANews has selected a week’s worth of high-quality content to help you use the weekend to fill in the gaps, click on the title to read.

**Latest and most in-in events: **The inaugural ETH Hong Kong will be held in Hong Kong from October 22 to October 24, with heavyweight guests such as Vitalik Buterin making an appearance. As a member of the Organizing Committee, PANews invites you to participate! 15 tickets for the conference will be given away, limited number, click to claim

Attached: Participation Guide: ETH Hong Kong Opening Countdown! List of peripheral events (constantly updated)

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Bitcoin Spot ETF progress

A fake news caused a “blood case”: the crypto market exploded $190 million, Bitcoin spot ETF will not be approved within the year

Since the SEC has made early deferral decisions on multiple Bitcoin ETF applications and is initiating additional procedures, the approval process will take at least a few months, and institutions such as BlackRock will still struggle to obtain SEC approval for at least the next year. In addition, the SEC has also postponed the date of the resolution of ARK and 21Shares’ Bitcoin spot ETF until January next year.

Bitcoin Spot ETF New Development: GBTC May Get SEC Response Within 2 Weeks, Multiple Institutions Update Prospectus

Whether GBTC can be smoothly converted in a short period of time still needs to wait for SEC approval, but the approval of the Bitcoin spot ETF may only be a matter of time.

Bitcoin rises lonely, BlackRock CEO responds with high emotional intelligence: This is a “retaliatory rally” to crypto interest

After the fake news was debunked, Bitcoin still maintained a certain gain.

Macro perspective

**LD Capital Macro Review (10.16): When the conflict in the Middle East breaks out, how do you see the current geopolitical risk increase? **

The conflict in the Middle East exceeded market expectations and escalated, and the market showed a clear risk aversion in the second half of last week, repricing. During the period, the US 30yr Treasury bond auction was cold, and the yield rose for a while, but it was not affected by geopolitical conflicts, and finally the yield at the end of the whole circumference fell significantly, the stock market fell, gold and silver oil soared, and cryptocurrencies fell.

**The “four-year halving cycle” no longer works, and Bitcoin is being replaced by a “16-year historical cycle”? **

Depending on the 16-year cycle, we will probably follow a similar path to the dot-com bubble described above - Bitcoin will peak in the first half of the cycle, so at the latest by the end of 2024, followed by a multi-year decline, entering 2026 with a new low.

Inventory of global cryptocurrency regulations and key provisions

What cryptocurrency laws are in effect worldwide? This article presents a comprehensive guide to global cryptocurrency regulations.

SEC withdraws, Ripple wins again! The most complete timeline combing of years of pulling between the two sides

The SEC dropped all charges against Ripple CEO Brad Garlinghouse and co-founder Chris Larsen, canceling a trial scheduled for next year, which is considered one of the benchmarks for disputes between the crypto industry and the SEC over the definition of securities.

**The three major seizures have turned the US government into one of the bitcoin whales, how will the next key move affect the market trend? **

The U.S. government has become one of the largest bitcoin holders to date, and despite selling millions of dollars worth of bitcoin at the beginning of the year, according to the Wall Street Journal, it now has more than 200,000 bitcoins, worth more than $5 billion.

Catch the Head

**Farcaster is open for registration, how does it compare to Lens Protocol? **

Farcaster, a centralized social protocol, can be registered without a whitelist, and this article explains Farcaster and Lens Protocol from the perspective of protocol, project ecology and community.

**Friend.tech Counterfeit Tomo and New Bitcoin City became popular, what innovations and optimizations have been made? **

The imitation TVL each exceeded $1 million, which has the momentum to surpass the Friend.Tech.

From block transaction lifecycle to rollup-centric, new trends in the primary market infrastructure track

In general, the recent primary market has been dull, with new bottles of old wine accounting for the majority. From the valuation point of view alone, the popularity is still unabated. This article aims to share some personal insights in conjunction with recent primary market observations of the infrastructure track.

**Scroll mainnet launch, which Dapps are users interacting with? **

Despite the silence of the official Scroll channel over the past week, the Scroll mainnet has jumped up. Let’s take a look at the data on the Scroll mainnet and which DApps users are interacting with.

Web3 Stuff

Vitalik says ETH has never been sold for personal gain, and we took stock of his personal and charity’s wallets

Even if Vitalik Buterin sells off some of the ETH from time to time, it will not have much impact on the long-term development of the Ethereum ecosystem.

Uniswap Labs’ new fee policy: want to be sustainable, but may harm UNI and users

Uniswap Labs has introduced a 0.15% interface fee on some token transactions, which may also have a negative impact on UNI holders, although it wants the business to operate sustainably.

DeFi “old farmer” eyes of the current crisis and opportunity, when will the gears of fate begin to turn

Since the bear market, the TVL and token prices of DeFi projects have fallen sharply, and PANews invited a number of industry insiders to share their views and practical operations.

Tokens plummeted across the board! Reddit will close community credits, and the community wants to continue independent development

Reddit announced that it will terminate its nearly three-year-old community points program by November 8, revealing that the reasons behind this are changes in the harsh regulatory environment and excessive operating costs.

**Zepeto, the once popular face-pinching software, can support the Web3 metaverse ZepetoX? **

Metaverse project ZepetoX announced that its ZTX token has completed the genesis airdrop, backed by South Korean Internet giant Naver’s project Zepeto (known as “cubs” in China), what kind of gameplay has ZepetoX launched and how far can it go?

**Grayscale and SEC just won the case, why was its parent company DCG, together with Genesis and Gemini, sued by New York State? **

New York State wants to ban Gemini, Genesis and DCG from entering the financial investment industry in New York and seeks to recover the “ill-gotten gains” of both companies to compensate investors.

Big talk NFT

Cool on the market? Migu NFT overseas debut was cold, 2,000 blind boxes were not sold out in 5 days

The overseas NFT debut of other companies is not bad, what is the difference between Migu backed by China Mobile?

Lawyer interprets the legal attributes and compliance of NFT in Hong Kong

Since the Hong Kong government began to implement the Web 3 policy last year, many NFT projects want to develop in Hong Kong, but many people say that there are currently no regulations on NFTs in Hong Kong, so they believe that legal compliance and licensing are relatively risky

September NFT Industry Interpretation: Bear Market Sentiment Still Prevails, Blue-Chip Projects Continue to Decline

In this report, we will delve into the dynamics of blockchain networks, NFT trading markets, and investment and financing activities in the NFT space

3 minutes to read the Flooring Protocol: New NFT Fragmentation Solution

Flooring Protocol hopes to lower the threshold for the general public to enter the NFT ecosystem and improve the liquidity of NFTs through “NFT fragmentation”.

Technology

**Detailed Taproot Assets mainnet alpha version, Bitcoin network ushered in a new era? **

Lightning Labs released alpha version of the Taproot Assets mainnet, a protocol designed to enable stablecoins and real-world assets to be issued on the Bitcoin and Lightning networks.

BEVM: EVM compatible, fully decentralized Bitcoin Layer 2

Lightning Labs released alpha version of the Taproot Assets mainnet, a protocol designed to enable stablecoins and real-world assets to be issued on the Bitcoin and Lightning networks.

AI Agents: Middleware for Universal Big Models and Dapps Redefining the Innovation of Web3 Gaming

This article summarizes the development of “general large models, pendant application agents, and Generative AI applications” in the Web3 game track. Among them, combined with Generative AI technology, it has great potential to hit the game in the short term.

**OP Stack + Zero-Knowledge Proof = L2 Endgame? **

For future Layer 2 developers, OP Stack will become a general Layer 2 architecture, developers can start their own Layer 2, according to the security and effectiveness required by the application, flexible choice of optimistic proof, or zero-knowledge proof.

Highlights

Bloomberg analysts: SEC approval BlackRock’s iShares Bitcoin spot ETF should be fake news

Cointelegraph: Fake Bitcoin spot ETF news lead originated from an unverified screenshot posted by an X user

JPMorgan expects spot Bitcoin ETFs to be approved within a few months

The World Economic Forum released the “The Evolution of NFTs” report, which highlights the opportunities and risks of NFTs

The SEC has included cryptocurrencies on its list of exam priorities for 2024

Fed Chairman Jerome Powell: If there is additional evidence that the economy is strong, it may be worth raising interest rates

Bitmain fired three employees who had previously “leaked information about unpaid wages” and never hired

CryptoQuant: The approval of the Bitcoin spot ETF could add $1 trillion to the cryptocurrency market cap

Scroll has officially announced the launch of the mainnet, which will build a decentralized proof-of-proof network and sequencer

Tesla did not sell bitcoin in the third quarter, and bitcoin holdings remained unchanged for five consecutive quarters

Circle launched two Web3 products, Gas Station and Smart Contract Platform