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BlackRock executive Samara Cohen pointed out that the integration of Blockchain technology with TradFi is driving market modernization, and ETFs are central tools in this process. She emphasized that the development of digital assets needs to shift from how to utilize Bitcoin rather than whether to invest in Bitcoin, and expressed hope for a clearer regulatory environment in the future to promote innovation and investor confidence.

Since its launch, Sui has been surrounded by controversy, facing the dilemma of a small user base and low volume. Despite having many ecological projects, the significant release pressure of tokens and insufficient demand may lead to a price fall. Compared to Aptos, Sui has a low initial Circulating Supply but a fast release speed, and it needs to strengthen ecological construction to attract users and funds.

Fractal, as a new star in the Bitcoin ecosystem, has attracted a large number of users through its multi-layer expansion mechanism and innovative asset issuance methods. Despite facing challenges, it has shown potential in optimizing performance and expanding applications. The project's success benefits from strong investment and financing support, as well as community enthusiasm, but future development still requires market validation.

In the ecosystem, solvers are players in a vibrant, competitive marketplace. Each solver competes to fulfill intents as quickly, efficiently, and cost effectively as possible. Solvers listen to the intent pool, selecting those that best fit their strategy. They then

Analysis of the Principles of Binius STARKs and Thoughts on Optimization 1 Introduction One of the main reasons for the inefficiency of STARKs is that most of the values in actual programs are relatively small, such as indices in for loops, boolean values, counters, etc. However, to ensure the security of proofs based on Merkle trees, using Reed-Solomon coding to expand the data introduces many additional redundant values that occupy the entire field, even if the original values themselves are very small. To address this issue, reducing the size of the field has become a key strategy. The first generation of STARKs has a coding bit width of 252 bits, the second generation has a coding bit width of 64 bits, and the third generation has a coding bit width of 32 bits. However, the 32-bit coding bit width still has a significant amount of wasted space. In comparison, the binary field allows direct manipulation of bits, making the encoding compact and efficient without any wasted space.