Daily Report ｜Ordinals Founder: ORDI is not related to Ordinals, Binance should remove the "ORDI" token interface link; Binance announces the launch of Binance Web3 Wallet

Organizer: Mia, ChainCatcher

"What Important Events Happened in the Last 24 Hours"

1. Ordinals Founder: ORDI is Not Related to Ordinals, Binance Should Remove the 'ORDI' Token Interface Link
Casey Rodarmor, the founder of the Bitcoin protocol Ordinals, requested Binance on the X platform to remove the link in the 'ORDI' token information interface, stating that ORDI is not associated with the Ordinals project, The Open Ordinals Institute, or The Ordicord. (Source link)

2. Binance Announces Launch of Binance Web3 Wallet
According to an official announcement, the cryptocurrency exchange Binance has officially announced the launch of the Binance Web3 Wallet. The Binance Web3 Wallet integrates Binance Bridge, supporting asset transfers across different chains and allowing token exchanges at favorable prices across multiple chains. Additionally, the wallet offers a self-custody mode and is equipped with alert features to notify users of potential security risks. (Source link)

3. Upbit Associated Addresses Continue to Accumulate HIFI, Currently Holding 66 Million HIFI
According to data monitoring from Scopescan, Upbit associated addresses have been continuously accumulating HIFI over the past few days, currently holding 66 million HIFI, which accounts for 56% of the total supply of HIFI, which is 117 million. (Source link)

4. DWF Labs Co-founder: Multiple BRC20 Tokens Named DWF Have No Relation to Us
DWF Labs co-founder Andrei Grachev stated on social media: "I've noticed many BRC20 tokens named DWF. Be careful, we have no relation to these tokens." (Source link)

"What Exciting Articles Are Worth Reading in the Last 24 Hours"

1. “Cryptocurrency Market Cap Rises to $1.3 Trillion, Is It Altcoin Season?”

On Tuesday afternoon Eastern Time, Bitcoin briefly surged nearly 3% to $35,500. In the altcoin market, Solana led the rise, with Solana (SOL), Toncoin (TON), and Crypto.com ecosystem token (CRO) increasing by 5% to 10%. With the rebound of the entire cryptocurrency market, the total market cap of cryptocurrencies rebounded to $1.3 trillion, the highest level since May 2022.

Data from Tradingview shows that Bitcoin's market cap dominance has dropped from 54.3% at the end of October to 52.5%, indicating growing interest in altcoins and sparking enthusiastic discussions about the potential arrival of "altcoin season."

2. “Why Did SOL Increase 4 Times in a Year, but Solana's Ecosystem Development Still Lag Behind?”

Solana (SOL) has surged in the past few weeks, causing many investors to feel strong FOMO. Even Arthur Hayes and Raoul Pal have joined in. If this doesn't mark a local peak, I don't know what else could (recent price trends do suggest it marked a local peak).

What is the reason? Why hasn't Solana's ecosystem become active in 2023?

The answer is quite simple. It's not all doom and gloom for the network. A batch of new projects is injecting new liquidity into the ecosystem and can address the issues hindering Solana's development.

3. “Now is the Time to Buy the Dip: Discussion on Secondary Market Targets and Strategies in a Bear Market”

In this episode of the podcast, we invited three Web3 investors, all with extensive experience in primary and secondary market investments. One is Teacher Xin, who previously worked in distributed capital and Binance Labs, and is now the founder of Old Fashion Research. Another is Teacher Zheng Siwei, who is the head of research at First Class Cabin. The last one is Lawrence, a researcher at Mint Ventures. Let's have the three introduce themselves and their respective business areas.