U.S. 8-week Treasury auction as of May 22 - Bid-to-Cover Ratio

New Infrastructure Wave: Analyzing the Opportunities and Challenges of the DePIN Track 1. Introduction: What is DePIN DePIN stands for Decentralized Physical Infrastructure Network, which builds infrastructure networks by incentivizing users to share personal resources through tokens, including areas such as storage space, communication bandwidth, cloud computing, and energy. In simple terms, DePIN crowdsources infrastructure that was originally provided by centralized companies and distributes it to users worldwide. Data shows that the market value of the DePIN field has reached $5.2 billion, surpassing the $5 billion of the oracle field, and is on a continuous upward trend. From the early Arweave and Filecoin to the Helium of the last bull market, as well as the recently highly关注的 Render Network, all belong to this field. DePIN has recently attracted attention for three main reasons: 1. The infrastructure is more complete than it was a few years ago.

In today's continuously evolving Blockchain technology, FVM, as the code name for the FIL Virtual Machine, is sparking a revolution in Web3.0. OpenAI and FIL are joining forces to promote the integration of artificial intelligence and Decentralization storage, bringing new solutions for the era of big data. In this context, the decentralized exchange Aifil swap was born, driven by FVM at its core. As the platform's equity certificate and functional token, FVM not only supports the operation of Aifil swap but also bears the important responsibility of promoting the development of the entire ecosystem. Aifil has made a remarkable commitment: all profits from the platform, including trading fees and slippage income, will be used to repurchase FVM. This strategy will undoubtedly provide strong momentum for the market value growth of FVM. It is worth noting that the total issuance of FVM is strictly limited to 10,000 tokens, and there are no plans for additional issuance. These tokens will be produced through a unique mechanism: 80% will come from FIL and 20% from the synthetic computing power of FCC, to be gradually minted over the next five years. As the block height increases, the annual minting amount will gradually decrease, ensuring the scarcity of the tokens. For those interested in FVM and wishing to delve deeper, it would be wise to keep an eye on and participate in relevant discussions. As the era of Web3.0 approaches, FVM, as an important link connecting AI, IPFS, and Decentralization Finance, has a developmental trajectory that deserves our close attention.

New Infrastructure Wave: Analyzing the Opportunities and Challenges in the DePIN Track DePIN stands for Decentralized Physical Infrastructure Network, which builds infrastructure networks by incentivizing users to share personal resources through tokens, including storage space, communication bandwidth, cloud computing, energy, and more. It crowdsources infrastructure that was originally provided by centralized companies and distributes it to users globally. Data shows that the market value in the DePIN field has reached $5.2 billion, surpassing the oracle field, and is showing a continuous upward trend. From Arweave and Filecoin to Helium in the last bull market and the recently highly regarded Render Network, all belong to this field. The recent renewed attention to DePIN can be attributed to three main reasons: 1. The infrastructure is more complete than a few years ago, paving the way for the depin track. 2. Messari proposes DePIN

DePIN Investment Logic Analysis: There are still Alpha opportunities in the coming years. Grayscale listed some leading DePIN projects and their market capitalizations in the DePIN research report released earlier this year. Since 2022, DePIN and AI have been regarded as two new directions for cryptocurrency investment. However, it seems that there has not yet been a truly representative project in the DePIN space. Although Helium is considered a leading project, it actually emerged even before the DePIN concept itself; while Bittensor, Render, and Akash mentioned in the report are more categorized under the AI track. This indicates that the DePIN sector lacks a sufficiently strong leading project to enhance the potential of the entire industry. Therefore, there may still be some untapped investment opportunities in the DePIN sector over the next 1-3 years. This article will systematically outline the investment logic of DePIN from scratch.

BitKE got an exclusive chat with Nils Andersen-Röed, Deputy Head of Financial Crime Compliance: Binance, to talk about the latest developments at Binance. The Q&A provides insights into how Binance handles and manages security for its over 250 milllion global users, including Africa. Here is th