The article discusses cryptocurrency investment strategies for 2024, emphasizing the importance of diversifying funds across different cycles and adopting a barbell strategy. The author re-examines the impact of community value on investments, particularly the community atmosphere experienced through participation in NFT projects. At the same time, he follows the Sonic SVM project, believing it has significant advantages in attracting users and promoting Web3 adoption, and points out that projects close to consumer mindsets are likely to become leaders in Web3 infrastructure.

Ethereum is currently facing multiple challenges, including inconsistencies between its scaling strategies and core values, slow engineering progress, and a lack of innovation. Despite structural adjustments and layoffs, as well as the introduction of an L1 scaling roadmap, experts maintain a cautiously optimistic outlook on its future. It is necessary to follow changes in Vitalik's attitude and improvements in community governance.

Data availability is crucial in Ethereum L2 solutions, as it affects the security of verification mechanisms and the cost of data publication. There is currently a debate about whether the data availability layer should rely on Ethereum, with some projects leaning towards separating it, which may threaten the security of Ethereum.

[Golden Finance] Bo Hines, the Executive Director of the White House Crypto Assets Committee, announced his resignation on Saturday. Hines stated that he will step down and return to the private sector, thanking the Crypto Assets community for their "unwavering" support. He wrote on Saturday: "It has been my lifelong honor to serve in the Trump administration and to work alongside our distinguished artificial intelligence and Crypto Assets "czar" David Sacks as the Executive Director of the White House Crypto Assets Committee. Together, we have made the United States the world’s capital of Crypto Assets."

From "burning money" to industrial ecology, Web3 is repeating the development path of the internet.
The underlying logic of business remains unchanged. Whether it's Web2 or Web3, the prosperity is actually built on the same path - it's just that this time, the narrative is wrapped in protocols, and capital is hidden in the code.
Looking back over the past decade, the development path of the Chinese internet is clear: concept-driven, financing sprint; subsidies to attract traffic, capital-driven growth; layoffs to improve efficiency, pursuit of profitability; platform transformation, and technological reconstruction. Today's Web3 is also following a similar development rhythm.
Over the past year, competition among project teams has evolved into a battleground for acquiring users through TGE and airdrops. No one wants to fall behind, but no one knows how long this "user exchange" competition will last. Let us follow the footsteps of history to see how Web3 has come to this point and where it might head next.
Review of the Development Stages of the Internet Industry

The Ethena ecological project will go public on Nasdaq through a SPAC merger, creating a new model of "stabilization + listing + repurchase + Lock-up Position" for stablecoins, and launching a $360 million funding plan. This initiative will directly embed the stablecoin ecosystem into the Capital Market, promoting the transformation of its value and pricing mechanism, marking the beginning of a structural rise.

The stablecoin policy in Hong Kong has been officially passed, marking the arrival of the Compliance era in Web3. The support from related trading platforms and public chain technology has built an ecosystem for stablecoins, providing industry participants with safe and efficient Liquidity and services. All of this will promote the true integration of stablecoins into the financial system and drive the development of global trade and asset management.

The bankruptcy case of Mt. Gox exchange has far-reaching implications. After the compensation plan was approved in 2021, creditors are faced with a choice between cash and Bitcoin. Recently, the movement of Bitcoin has triggered market panic, leading to a significant price fall, and there may still be selling pressure in the future, causing price fluctuations. The selling choices of creditors and the speed of compensation will directly affect market trends.

Tether CEO Paolo Ardoino discussed the GENIUS stablecoin bill, the company's investment strategy and development direction in an exclusive interview, emphasizing the application of stablecoins in different markets and their relationship with Compliance. Tether plans to promote the use of USDT through a broad investment portfolio and distribution network, supporting a multi-chain ecosystem. He also pointed out Tether's contributions to the US economy and the encryption industry.