Press Release Today TheBitTimes.com

Author：@tmel0211 Source: https://twitter.com/tmel0211/status/1733001724598874388 After the boom of the Inscriptions market, many people have placed excessive expectations on Bitcoin Layer 2 (L2), believing that Bitcoin L2 will shine as brightly as Ethereum L2. However, the reality is that the “success” of the Bitcoin ecosystem may remain stagnant in the “asset issuance” narrative for a long time. Replicating the diverse gameplay of Ethereum, such as DEX, Lending, Derivatives, and Aggregator, on the Bitcoin chain may be fundamentally unfeasible. Why? I will share some technical logics: Bitcoin and Ethereum are different . The former is a “stateless” chain, while the latter implements complex composability of financial business logic based on smart contracts. To replicate various financial applications like DEX, Lending, Derivatives, and Aggregator from Ethereum to the Bitcoin chain, it is crucial to build programmable “state + computation + verification” capabilities for Bitcoin. ● Stat...

1. Starknet Foundation Announces Plans to Distribute Over 1.8 Billion STRK Tokens link The Starknet Foundation announces plans to allocate over 1.8 billion STRK tokens to drive the adoption and development of the Starknet chain. The first batch of allocations is set to begin, with the Reserves Committee allocating 900 million STRK for fair, decentralized, and transparent distribution across multiple projects and stages. Additionally, another 900 million STRK will be used to reward users utilizing the network, with specific eligibility criteria yet to be disclosed. Furthermore, 50 million STRK will be allocated for on-chain incentives in the DeFi sector, and an innovative incentive mechanism for developers and dapps will be announced next week. 2. LayerZero: Token Distribution Expected in the First Half of 2024 link LayerZero Labs has announced via Twitter that the protocol now has a native token. The team expresses its commitment to carefully managing the distribution of the token and ...

Author：0xMingyue Editor：Colin Wu 1. Hong Kong’s weekly summary 1.1 Hong Kong Legislator Proposes Including Bitcoin Purchases in Investor Immigration link On November 13th, according to Sing Tao Daily, the Hong Kong government has reinstated its investment immigration program after an 8-year hiatus. However, this program does not allow investment in real estate and is not open to mainland Chinese residents. Legislative Council member in Hong Kong’s technology and innovation sector, Dennis Kwok, hopes that the authorities can clarify the scope of assets, such as categorizing Bitcoin traded on licensed virtual asset exchanges as financial products. In theory, this should also allow for inclusion in the Capital Investment Entrant Scheme. 1.2 Hong Kong’s HKMA — Hoping to Explore New Use Cases for Digital Hong Kong Dollars with the Industry link On November 19th, according to Hong Kong 01, the first phase of the Digital Hong Kong Dollar Pilot Program has been completed. Chief Fintech Office...

1. El Salvador plans to construct a 241 megawatt (MW) renewable power generation park in Metapán. The initial computational power is expected to surpass 1.3 EH/s, marking a significant milestone for the country and industry. The park will have a capacity of 169MW of photovoltaic solar energy and 72MW of wind energy. The total commitment for the project is $1 billion, beginning with a first investment of $250 million.（Bitcoin Magazine）. Read more Tether announced its participation as an equity investor and advisor in the establishment of this bitcoin mining campus. The project is being driven by the startup Volcano Energy, whose founders are Josue Lopez, a 23-year-old bitcoin advocate from El Salvador, and Max Keizer, who serves as chairman and advisor and is also an advisor to Salvadoran President Nayib Bukele. Read more 2. Marathon, a publicly traded North American mining company, announced a $14.25 million private equity financing. H.C. Wainwright & Co. will act as the exclusive ...

Author: @0xMavWisdom Note: This article is for information sharing only and does not endorse the project and is not intended as any investment advice. The development of an animal NFT game called Degen Zoo, a hackathon like game with a gimmick of completing a game in 30 days and daily updates on social media platforms, has recently received community attention. Degen Zoo has attracted over 20,000 Twitter followers and over 10,000 people have joined the official Telegram as members in less than 30 days. Built by the likes of DAOMaker founder Chris Zaknun and former MakerDAO development engineer, the game will be develop ed on an ultra-low budget of just $20,000 and is scheduled to be completed in just 30 days. Inspired by the CryptoZoo NFT scam, the Degen Zoo project hopes to prove the incompetence of CryptoZoo founder Logan Paul and satirise such metaverse gaming scams that defraud investors by building the game with little money and little time. In addition, as a charity game NFT,...