TinTin Newsletter is created by TinTinLand developer technology community, aiming to provide developers with the latest Web3 news, market information and technology updates. TinTin Newsletter will be published weekly, collecting industry hot spots within the week and arranging them in the form of newsletter. Mastering first-hand technical information and market trends will help developers in the TinTinLand community keep up with the Web3 trend and grasp cutting-edge technology, so as to truly define and build the future of Web3.
2024.12.05-2024.12.12
Industry Focus
1. The integrated L1 public chain Supra of the main network is innovating and subverting the imagination of Web3 infrastructure
Supra, which started out as an oracle, has launched a vertically integrated Layer 1 architecture and recently launched its mainnet. Supra aims to solve problems such as service fragmentation, poor cross-chain interoperability, difficult balance between performance and security, and high development costs in the blockchain ecosystem through built-in oracle, random number generation, cross-chain communication, and automation services. In the future, it will strive to overcome the bottleneck of cross-chain interoperability and bring more technological innovation highlights.
2. LBank launches annual interview column "LBank Pulse Focus" focusing on crypto industry trends and narrative changes
On December 3, according to official news, LBank launched its annual in-depth column "LBank Pulse Focus", focusing on the cyclical fluctuations, narrative transformation and future trends of the crypto industry . The first issue will be launched on December 6. The column will invite heavyweight guests in the industry to discuss the evolution of narrative value, market hot spots and trends in 2025, output forward-looking views, and provide users with in-depth insights. At present, the column has been supported by many media such as Bitcoin.com and U.Today, covering a wider audience and promoting discussions in multiple industries.
3. Upbit launches RENDER, PUFFER, SWELL Korean Won, Bitcoin and USDT trading pairs
Upbit, South Korea's largest crypto exchange, announced that it has added support for RENDER, PUFFER and SWELL trading markets. RENDER will be available for trading in the Korean Won and USDT markets. Both assets are based on the Ethereum network, and deposit services will be available within 3 hours of the announcement. Render Network is a distributed GPU rendering network that aims to become a blockchain platform that revolutionizes rendering and AI-driven digital creative processes.
4. Sushi plans to launch the Solana on-chain trading platform Wara and the on-chain perpetual DEX platform Susa in 2025
Sushi CEO Jared Grey announced plans to launch multiple products in 2025 , including Wara, a comprehensive trading platform based on Solana, Susa, a new on-chain order book perpetual DEX, Kubo, which launches new markets through delta-neutral strategies, Blade, a new LVR AMM solution, and SushiSwap aggregator with expanded distribution. Wara provides a new integrated trading experience based on Solana , Susa is a new on-chain order book perpetual DEX, Kubo is a new perpetual contract native product launched by Sushi Labs, and Blade, as part of SushiSwap, provides a new LVR AMM solution to eliminate MEV of blue-chip assets. In addition, the SushiSwap aggregator is already in production and plans to expand its distribution by integrating new partners.
5. Circle will launch an upgraded cross-chain transmission protocol CCTP V2 on Ethereum, Base and Avalanche in early 2025
On December 9, Circle, the issuer of USDC stablecoin, announced that it will launch an upgraded cross-chain transfer protocol CCTP V2 on Ethereum mainnet, Base and Avalanche in early 2025. The new version will significantly improve the efficiency of USDC cross-chain transfers, achieving "faster than finality" second-level settlement, which is a significant improvement over the current version of minute-level settlement. Circle said that all cross-chain transactions will be provided with security by it, and will be expanded to more blockchain networks in the future. Users can now go to the official website to apply to join the waiting list.
TinTin Events
1. A panoramic analysis of TON ecological technology, Chengdu station invites you to explore future opportunities
The offline events of the "Four-City Tour Salon: TON Ecosystem Growth Practice" series hosted by TON and TinTinLand and co-organized by TONX and Tonsquare will be held in Hangzhou, Chengdu, Shanghai, and Shenzhen from October to December 2024. The Chengdu Station event will be officially launched on December 15, 2024. The Chengdu Station will bring together many industry experts, project parties, and developers to bring the latest technical developments and in-depth analysis of the TON ecosystem. Welcome to join the Chengdu Station if you are interested in the future of the TON ecosystem and witness the brilliant development of the TON ecosystem together!
This Chengdu event has three major themes: "Review and Outlook of TON Mini Program Ecosystem", "TON Technology Roadmap and TONX API" and "TON DeFi Ecosystem Observation and TonBit Security Practice" . After the speech, a roundtable discussion will be held with the theme of "Future Outlook of TON Ecosystem" , which will gather many industry leaders to discuss the future development direction of TON ecosystem.
📌 Register now : https://lu.ma/uscmf07q. Fill in the registration information and you can get the event address after passing the review.
TinTin Courses
1. The second phase of the Starknet development training camp is about to start! Quickly explore the Starknet network architecture
The second Starknet development training camp jointly organized by TinTinLand and Starknet Ecosystem is here! Asten, a smart contract engineer and long-term Starknet contributor, serves as the course instructor, leading developers to quickly master the Starknet network architecture and deeply analyze complete project cases. Developers who want to delve into the Starknet ecosystem should not miss this wonderful learning journey from project testing to deployment of scenario-based application practices!
Students who intend to register for the course can complete the course learning and task practice by filling out the registration form >> adding the class leader to join the class group >> video learning >> completing the task task >> Office Hour Q&A >> participating in Bounty . Developers who actively participate in course learning and course activities can obtain corresponding Zealy points, and have the opportunity to obtain high Bounty bonuses, TinTinLand community rewards, job referrals, well-known project resource docking, whitelist/periphery of cooperative project parties and other surprise benefits! What are you waiting for? If you also want to join the Starknet learning journey, sign up now!
🙋 For more course details, add the course monitor ( 🆔 WinniWinni 1 ) to find out!
👉 Registration link: https://wj.qq.com/s2/15087814/e3f3/
Tracking scene
1. The third Move DevCon 2025 will be held in January 2025 to explore the frontier of the Move ecosystem
The "3rd Move DevCon 2025" jointly organized by TinTinLand, MoveFuns, Openbuild, and MoveBit will be held in Shenzhen on January 11, 2025. We will bring together a number of well-known experts, technical experts, and industry practitioners in the Move ecosystem to provide them with opportunities to showcase their talents and cooperate, jointly promote ecological innovation and progress, provide more possibilities for project commercial development, and welcome new opportunities for the Move language in 2025. If you are ready to join us, you can learn more about it through the conference speaker introduction and sponsor details 🔍
🚩Register now and lock in the conference site:
https://www.bagevent.com/event/8949498
2. Polkadot 2024 year-end party, let us feel the power of the Polkadot community together
As the year draws to a close, the Polkadot community has always paid attention to the voices of opinion linking developers and the ecosystem, bringing together the developers’ development journey over the past year, and working together to reach Polkadot’s 2025 highlight moment. "Connection and Resonance: The Power of the Polkadot Community-Polkadot 2024 Year-End Party" will be held at Wuhan University at 14:00 pm on Sunday, December 15. First-line development experts from the Polkadot ecosystem will share practical information on site. What are you waiting for? Sign up now to join this year-end party!
⛱️ Registration link: https://lu.ma/11h7oca1
3. HashKey HackkerHouse will be launched in Hong Kong on December 20
At a critical stage in the development of Web3 , HashKey announced that it will invest 50 million US dollars to fully support the development of high-quality blockchain projects. As the first event of this major plan, the "Taichu" Hackerhouse will be launched in Hong Kong on December 20, 2024. This is not only a gathering of developers, but also a rare opportunity for excellent projects to access top resources and obtain in-depth support. This event includes three Hackerhouses and two Hackathon activities. From the creative exploration started by "Taichu" to the conceptual breakthrough of "Taiyi"; from the product prototype of "Taishi" to the improvement of "Taisu"; finally reaching the peak of innovation in the "Taichi" stage. Each stage will gather the wisdom of global developers, guided by Eastern philosophy, and jointly explore the infinite possibilities of blockchain technology.
🪅 Registration: https://lu.ma/3ohfalvn
Investment Trends
1. Bitcoin breaks through $100,000 to create a historical record, and the bull market in December is unstoppable
At about 10:00 on December 5, Bitcoin rose above $100,000, and was reported at $102,603 as of 12:30, with a 24-hour increase of 6.88%. Since the beginning of this year, Bitcoin has risen by 143.83%; in the past month, Bitcoin has entered a "bull market", rising directly from $68,000 to $100,000 , pushing the market value of Bitcoin to exceed $2 trillion, rising to the seventh place in the global asset ranking. More and more large hedge funds, pension funds and institutional investors have begun to increase their allocation of Bitcoin, and the continued influx of funds attracted by Bitcoin spot ETFs is also an important driving force for the continued rise in Bitcoin prices. Relevant industry insiders analyzed that this round of Bitcoin's rise was jointly driven by multiple factors. First, the uncertainty in the global financial market has intensified the demand for Bitcoin; second, the launch of Bitcoin spot ETFs has played an important role in promoting it; third, policy support and compliance at the national level are providing strong support for the rise in Bitcoin prices.
2. PEPE's market value exceeded 11 billion US dollars, a new high, surpassing Uniswap, UNI and LTC
According to data, the market value of Meme coin PEPE has exceeded $11 billion and is currently at $11.174 billion, a record high , surpassing Uniswap (UNI)'s market value of $10.792 billion to become the 23rd largest cryptocurrency in the world. PEPE is currently trading at 0.00002642 USDT, with a 24-hour increase of 19.5%. PEPE's rise reflects strong buying activity from whales and retail investors. Its development history has attracted many investors and proved its potential to become a major player in the cryptocurrency field. Whether the price rises or faces temporary obstacles, memecoin has occupied a prominent position in the market , making it one of the most watched digital asset types in the market.
3. Binance launches a new wallet to improve the smooth experience of Web3
Binance announced the relaunch of Binance Wallet, aiming to make Web3 more accessible, more intuitive, and integrated into the daily lives of users around the world. The relaunch will be carried out in phases, with each phase introducing a unique theme to address key challenges in Web3 adoption and ensure a smooth transition for users. The first phase focuses on fluency, with updates including a unified wallet for smooth asset management, a silky-smooth airdrop zone and reward center, and a new, concise interface design. This update continues to use MPC technology, allowing new Web3 users to open accounts more smoothly and indirectly avoid security incidents, while also retaining the option of importing mnemonics private keys for veteran users to choose from. To celebrate the relaunch of the Binance Wallet and let users experience new features, Binance launched a weeks-long "$5 million airdrop carnival" event that will start on December 10, 2024. “We are on a mission to bring 1 billion users to Web3 and are focused on making this technology more accessible and usable,” said Winson Liu, Global Head of Binance Wallet. “The new Binance Wallet will accelerate this journey by providing intuitive tools to simplify the decentralized experience, making it easy for everyone to explore and benefit from Web3.”
4. Most of the crypto market sectors have experienced a significant correction, while DeFi and NFT sectors are developing strongly
According to SoSoValue data, the crypto market has experienced a correction, with most crypto sectors falling by about 1.5% to 3% in the past 24 hours. Among them, the relatively strong CeFi, Layer1, AI and PayFi sectors last week experienced a significant correction, with a 24-hour drop of about 3%. It is worth noting that the CeFi sector fell by 2.84%, with BinanceCoin (BNB) falling by 3.61% and Cronos (CRO) falling by 3.33%; the Layer1 sector fell by 2.81%, with Solana (SOL) falling by about 3.83% and Cardano (ADA) falling by 3.5%; the AI sector fell by 2.47%, with Render (RENDER) falling by about 4.45%.
In addition, the DeFi and NFT sectors are still strong. The DeFi sector maintained a 24-hour increase of 0.63%. Chainlink (LINK) and Uniswap (UNI) in the sector performed well, with 24-hour increases of 6.66% and 2% respectively. At the same time, some small-cap projects in the NFT sector, such as MuseDAO (MUSE) and ECOMI (OMI), performed well, with 24-hour increases of 35.53% and 28%.
5. Binance Labs transferred the last 30 million GMT to Binance, worth about $7.29 million
As a GMT investment institution, Binance Labs has obtained a total of 75 million GMT through vesting unlocking. About 20 minutes ago, the last 30 million GMT in its address (worth about $7.29 million) has been transferred to Binance. These 75 million GMT have been transferred to Binance at an average price of $0.214, with a total value of about $16.05 million.
Web3 Popular Science
TinTin Newsletter is a new section that guides Web3 industry followers to get started with the basic concepts of blockchain, further explore the forefront of industry development, and grasp the technological trends! This issue will introduce the definitions of privacy coin Proof of Work (PoW), Proof of Stake (PoS), and Yield Farming. Let's take a look!
1. Proof of Work (PoW)
Proof of Work (PoW) mathematically requires miners to support their decisions on the state of the network with verifiable work, thereby avoiding arbitrary and harmful updates. In order to obtain block rewards, miners compete to add blocks that are valid solutions to the blockchain; the more computing power a miner has, the more priority they can get to package blocks. Through this consensus method, double-spending attacks can be effectively avoided. The biggest advantage of PoW is its security. It is also the basis for the decentralization of Bitcoin and other PoW chains. As a collection of independent nodes that compete to submit valid blocks, PoW also fully meets the requirements of decentralization and has become an effective way to achieve consensus in the crypto world with extremely high security risks.
2. Proof of Stake (PoS)
Due to the increasingly fierce energy debate, PoS emerged as an alternative consensus mechanism to PoW. PoW stipulates that miners do not need to hold the tokens they mine, but PoS requires that they must hold the tokens and pledge them to the block network to obtain rewards based on the total amount ; the more tokens you hold and the longer you hold them, the more rewards you can get. After the emergence of PoS, Ethereum quickly switched its mechanism from PoW to PoS, and estimated that this change would reduce Ethereum's network energy consumption by 99%, greatly solving the problem of energy shortage. The most important thing is that the PoS mechanism makes 51% attacks more difficult to achieve - even if a malicious attacker has 51% of the computing power, it may not be possible to carry out a 51% attack, because part of the currency is not generated by mining, but by interest, which greatly increases the difficulty of the attack and ensures security.
3. Yield Farming
Yield Farming is a method of earning rewards on decentralized financial platforms by locking up digital currencies. It can also be translated into Chinese as “yield farming” . In a sense, liquidity mining can be compared with equity staking.
Liquidity providers (LPs) inject funds into liquidity pools, where users can perform operations such as lending, exchanging tokens, and receive token rewards by providing liquidity. These reward tokens can be further used in other liquidity pools to continue receiving rewards, thus forming a cycle of income.
Liquidity miners usually transfer funds frequently between different protocols to obtain higher returns. Therefore, DeFi platforms also provide other economic incentives to attract more capital into the platform to bring more liquidity.
