Evening must-read | Why is zkSync always "downtime"?

1. One article to understand a16z led the $43 million AGI computing power market agreement Gensyn

On June 12, 2023, Gensyn, a blockchain-based AGI computing power market protocol, announced the completion of a $43 million Series A round of financing, led by a16z, with participation from Eden Block, CoinFund, Galaxy, and Protocol Labs. What kind of project is Gensyn? Why can you get huge investment from top VC? Golden Finance will take you to understand it in one article. click to read

2. How the SEC vs. Coinbase Showdown Will Affect Every Crypto Investor

It wasn't a great weekend for Coinbase. U.S. regulators filed a lawsuit against the crypto exchange, threatening to bankrupt it, and its shares fell by a fifth in one morning.

What's more, the company, which boasts more than 100 million users and $680 million in daily transactions, is now the target of legal action that could determine the future of the U.S. cryptocurrency industry. click to read

3. "Only Bitcoin": Why Ex-PayPal, Meta Leader Marcus Dedicated to the Lightning Network?

For nearly 25 years, almost as long as online payments have had the chance to become a reality, David Marcus has been trying to figure out how to make it happen. click to read

4. Why is zkSync always "downtime"? An article discussing zkSync Workflow

A friend complained that zkSync is always down. In fact, calling it "downtime" is a bit of an exaggeration. To be precise, it means "unstable block generation". In essence, the final Verified time of the transaction submitted by Sequencer is unstable, but the user's perception is not obvious at the interactive end, because zkSync's Verify design has a confirmation lag. The instability in the future decentralization stage will be alleviated. I drew a workflow to discuss with you. click to read

5. What is the reason why multiple public chain projects are regarded as securities DOT by the SEC but survived?

Due to the series of Crypto black swans triggered by FTX last year, existing countries have strengthened their supervision. This can be intuitively felt from the recent discussions and policies related to supervision in various countries, which often mention the need to avoid financial incidents similar to FTX. Since the beginning of this year, the supervision in the United States has also changed its previous style and frequently attacked the Crypto industry. Previously, I have expressed sadness to stablecoins such as Kraken exchange and BUSD/USDC. The frequency of policy and meeting releases on supervision is also increasing, and it is no longer just a wait-and-see or discussion atmosphere in the past, but tends to be more direct supervision. click to read

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