Korea's forex reserves in April

The Bitcoin DeFi ecosystem is rising. Decentralized Finance on Bitcoin ( DeFi ) is no longer just a theoretical concept. Despite encountering some setbacks during its development, the momentum surrounding the release of Bitcoin as a digital gold alternative is steadily increasing. For a long time, Bitcoin has been regarded as mere digital gold, and the lack of DeFi smart contracts and decentralized packaging/bridging functions has limited the development of its ecosystem. However, this situation is changing. With a number of new protocols being launched on and around Bitcoin, we see the emergence of a true BTC native Decentralized Finance infrastructure. Some projects are leading in terms of technology and Total Value Locked (TVL), each addressing different aspects of the DeFi ecosystem. Bitcoin's staking layer A certain protocol can be likened to Ethereum's beacon chain, but is specifically designed for Bitcoin. It is a native Bitcoin staking protocol.

Recently, a new digital asset named "Phoenix" (FH) has attracted the attention of crypto assets enthusiasts. The total issuance of this asset is limited to 2000 coins, highlighting its scarcity. The trading mechanism of Phoenix is quite unique. Each transaction will incur a 6% tax fee, with both the buyer and seller each bearing 3%. The distribution of these taxes is also carefully designed: 0.5% is used for permanent destruction to increase the deflationary nature of the asset; 2.5% is injected into the liquidity pool to reward long-term holders. To prevent excessive concentration of assets, Phoenix has also set a limit of 20 coins for a single wallet. This measure helps to promote a broader distribution of assets, potentially increasing market liquidity and stability. The founding team of Phoenix seems to have taken a pragmatic approach. They did not overemphasize complex technical features or flashy marketing strategies, but instead focused on practical market promotion. This down-to-earth attitude may win the favor of some investors. However, like all emerging digital assets, investors must remain cautious when considering participation. Although the design of the Phoenix appears simple and clear, its long-term development prospects remain to be tested by the market. Investors should have a comprehensive understanding of the associated risks and make informed decisions based on their investment strategies.

Explore the real narrative of the crypto market In the previous text, we analyzed the potential demand growth brought about by the clearing wave and attempted to explore the true narrative of encryption. The world of encryption originates from utopian ideas and is a collective creation driven by belief. We need to find infinite belief in the fractures. What kind of narrative does the crypto market need? After the rush of withdrawals, there are still many problems in the crypto market: - The treasury is being abused, and the incubation plan has turned into a capital tool. - Users face a large number of Ponzi schemes and zero-risk. - Security issues with contracts are frequent, and incidents of asset theft continue to occur. - New users encounter nesting dolls and forced lock-up. - The concept of the metaverse is being abused. The project party is keen on marketing rather than focusing on doing things. The crypto natives call this the "dark forest". The encryption world showcases the power of the free market, possessing rapid self-healing and evolution capabilities. However, there are also a large number of projects that die out during high-speed iteration. As a crypto community

Recently, the global financial markets have experienced fluctuations due to geopolitical tensions, and the crypto assets market is also facing challenges. Bitcoin price rebounded above $100,000, focusing on the $95,000 support level; Ethereum has fallen below $2,378 and may continue to dip. Market sentiment is fearful, and investors need to respond to risks cautiously.