EIA Refiner Utilization Rate in the U.S. for the week ending July 18

Recently, a special music version has attracted the attention of many listeners. This is an extremely comfortable version that drops the original track by 0.8 tones, providing music lovers with a brand new listening experience. This music version, processed with a drop in pitch, not only retains the essence of the original song but also creates a unique sense of comfort for the listeners through subtle tonal changes. After dropping the pitch, the music becomes softer, reducing the stimulation that high notes may bring, making the overall listening experience more peaceful and pleasant. It is worth mentioning that this drop version is not simply achieved by lowering the pitch. The production team made careful adjustments in several aspects, such as timbre and rhythm, while maintaining the original structure and emotional expression of the music, to ensure that the music still provides a high-quality auditory experience even after the drop. For those who enjoy listening to music during relaxing moments, this drop version is undoubtedly a good choice. It helps listeners better immerse themselves in the world of music, alleviating stress and fatigue from daily life. At the same time, for some music creators, this drop processing may also inspire new ideas, opening up new possibilities for music creation. However, everyone's perception of music is subjective. Some listeners may prefer the dynamic and passionate nature of the original music, while others may favor this version that has been processed with a drop in pitch. Regardless, the diversity of music versions provides listeners with more choices, allowing everyone to find the listening style that suits them best.

In October 2023, several indicators in the crypto market significantly rebounded: the total on-chain transaction volume of Bitcoin and Ethereum increased, stablecoin trading volume rose, miner and staking income grew, the NFT market warmed up, and ETF inflows hit a record high. The overall market activity has notably improved.

Multiple Dilemmas: zk-SNARKs and digital identity systems The application of zk-SNARKs technology in digital identity systems has gradually become mainstream. Various user-friendly software projects based on zk-SNARKs are being developed, allowing users to prove the validity of their identity without revealing personal details. The number of World ID users, who use biometric technology to protect privacy through zk-SNARKs, has recently exceeded 10 million. Government agencies in regions such as Taiwan, China, and the European Union have also begun to pay attention to the application of zk-SNARKs in the field of digital identity. On the surface, the widespread application of zk-SNARKs technology in the digital identity field seems to be a significant victory for decentralized accelerationism (d/acc). It can protect privacy while preventing social media, voting systems, and others from suffering from witch attacks and bot manipulation. But is it really that simple? Are there still risks associated with identification based on zk-SNARKs? This article will elaborate on the subject.

2024 Crypto Market Review and 2025 Outlook: 5 Prominent Tracks of Development 2024 is a milestone year for the encryption industry. From the approval of Bitcoin and Ethereum ETFs at the beginning of the year, to the booming bull market, and then to the influence of the U.S. elections, cryptocurrencies like Bitcoin are reaching record valuations, increasingly impacting social and political landscapes. Looking ahead, five major tracks that show exciting progress in 2024 are worth close attention in 2025. These tracks include the Bitcoin ecosystem, infrastructure (Infra), Meme, artificial intelligence (AI), and the TON ecosystem. Bitcoin ecosystem Market Dominance In the past year, Bitcoin's market dominance has increased from 45.27% to 56.81%. This means that the majority of the current crypto market liquidity is primarily concentrated in the Bitcoin ecosystem and is continuously growing. Bitcoin Spot E

The rapid rise of stablecoins is reshaping the global financial landscape, with an expected issuance surpassing $235 billion and volume exceeding traditional payment systems by 2025. Its fast development indicates that stablecoins have become a significant force in the integration of Digital Money and TradFi. Market experts believe that stablecoins signify a new stage in the development of currency, which may change Settlement models and the financial ecosystem in the future.