Initial SNARKtor Integration Begins in ZkEVM Testnet

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Hello, crypto assets investors. Today, we will discuss the current phenomenon of 'alts season' in the market and share some thoughts on it. Looking at the development history of the Crypto Assets market, we can find an interesting pattern: the alts market every year tends to show a similar pattern. Usually, mainstream coins strengthen first, followed by alts, creating a wave of short-term excitement one after another. Reviewing the classic markets of 2017 and 2021, it is not difficult to find that those investors who understand the market rhythm often achieve substantial returns, while those who do not understand the market may suffer heavy losses. Currently, the new round of altcoin season seems to have just begun. As the trends of Bitcoin and Ethereum stabilize, funds are gradually flowing into the Ethereum ecosystem and some promising projects, and the fiat currency market is also becoming active. This means that short-term investment opportunities have emerged, but it also suggests that there are still considerable risks in the market. In light of the current market situation, we might consider the following questions: 1. Will this wave of alts surpass the peak of 2021, or will it present a more rational trend? 2. Which projects in the Ethereum ecosystem are worth our close attention? 3. During the altcoin season, do you prefer short-term trading or long-term holding of coins? Overall, the alts season is not a feast where everyone can get rich, but rather a time to test investors' ability to grasp the market rhythm. Only those investors with a stable mindset and unique vision are likely to achieve success in this market and seize rare investment opportunities. Regardless of the investment strategy you choose, staying calm and rational while conducting in-depth research on projects is always the key to victory.

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As the first unlocking of WLFI approaches on September 1, the crypto market's attention is focused on the core component of the WLFI ecosystem, USD1. As an emerging stablecoin, USD1 is playing an increasingly important role in the crypto assets space. Currently, the circulating market capitalization of USD1 is approaching 2.5 billion USD, with a 24-hour trading volume of approximately 357 million USD. This remarkable performance indicates that USD1 is gearing up for future development. From cross-chain operations to centralized exchange points, from meme coins to liquidity provision and lending services, the application scenarios of USD1 are rapidly expanding. The on-chain liquidity of USD1 is forming at an astonishing rate, a trend akin to a mighty river flowing into the sea. In the current crypto market, controlling stablecoins means controlling the minting rights. Those who can stand out in the liquidity competition of USD1 may have the potential to take the lead in the future decentralized finance (DeFi) market, especially within the BNB chain ecosystem. In the past quarter, ListaDAO has performed excellently in terms of on-chain liquidity at USD1. The strategy of ListaDAO is not only to attract funds but also to ensure the continuous flow of funds. They focus on the smooth operation of USD1 within the Lista protocol, including collateralization, providing liquidity, etc., thereby generating considerable returns and completing a virtuous cycle from USD1 to USD1. ListaDAO provides a seamless USD1 usage solution: users can deposit USD1 into the Vault to earn interest or borrow USD1 using other mainstream assets. Then, these USD1 can be used as collateral for a CDP (Collateralized Debt Position) to borrow lisUSD, supporting the integration of the USD1/lisUSD liquidity pool. Finally, users can exchange their earnings back to USD1 to achieve compound growth. This multi-layered flywheel effect locks in depth, fee revenue, and total locked value (TVL) within the Lista ecosystem. As of August 2023, the official TVL of ListaDAO has exceeded $3.5 billion, with the TVL of USD1 surpassing $100 million, making it the protocol with the largest locked amount of USD1 at present. In addition, the passing of the LIP-021 proposal resulted in a one-time burn of 2 million LISTA tokens, reducing the maximum supply to 800 million. This initiative is expected to promote the development of the Lista ecosystem to some extent. Looking ahead to the second half of the year, ListaDAO's goal is to further expand and deepen the application of USD1. They plan to attract more treasury partners and expand more ecological scenarios. Another anticipated development is that ListaDAO is considering launching an interest-bearing version of USD1 backed by real-world assets (RWA) such as U.S. Treasury bonds or corporate bonds. With the advancement of these developments, USD1 and ListaDAO are expected to play an increasingly important role in the evolving crypto market.

In trading, we often encounter situations where, despite setting a stop loss, we can't help but place orders repeatedly in the same direction, ultimately leading to being played people for suckers by the market. This phenomenon is actually the result of the combined effects of "cognitive anchors" and "human traps." Let us delve into how to overcome this dilemma. First, we need to understand why we have fallen into this predicament. There are three main reasons: 1. Psychological anchoring: We tend to have a stubborn perception of a specific price level, believing it to be a key position, which leads us to repeatedly operate at the same position. 2. Loss aversion: When we encounter a stop loss, there is an impulse to "recover losses" which drives us to continue operating in the same direction, trying to prove that our judgment is correct. 3. Confirmation bias: We tend to seek information that supports our own views while ignoring market signals that contradict them. To overcome these psychological barriers, we can adopt the following strategies: 1. Abandon specific price anchors: Do not cling to a specific price, but focus on price ranges and market patterns. For example, view support levels as a range (such as 4380-4400) rather than fixating on a specific number. 2. Record the reasons for the stop loss: After each stop loss, detail the entry reasons, mistakes, and current market trends. This helps us to break out of the "need to prove ourselves right" thinking trap. 3. Establish a reverse operation mechanism: If you encounter a stop loss in the same direction twice in a row, force yourself to pause operations in that direction and instead observe the market or consider a reverse operation. This can help us break the inherent thinking pattern. 4. Implement a position cooling strategy: After each stop loss, the position for the next trade must be halved. If there is another misjudgment, further halve the position. This method can effectively suppress the impulse to emotionally increase the position. Remember, the ultimate goal of trading is to make a profit, not to prove your judgment right. The key to overcoming the anchoring effect is to establish a set of "stop loss and no longer stubbornly stick to one's own opinion" operational procedures: review trading logic, strictly follow rules, control positions, and timely change operational direction. Through these methods, we can gradually break the psychological barriers and improve the rationality and success rate of trading. Continuous learning and self-reflection are essential to remain undefeated in the ever-changing market.