The DAO Reboot, Backpack Prepares for TGE, What's the Overseas Crypto Community Talking About Today?

Publication Date: January 30, 2025
Author: BlockBeats Editorial Team

Over the past 24 hours, the crypto market has shown a intertwined advancement on multiple fronts. The mainstream discussion has focused on platforms and protocols reaching key milestones—from Backpack's TGE countdown, ERC-8004 mainnet launch, to The DAO "returning to the stage" in the form of a security fund, while at the macro level, discussions around Federal Reserve personnel changes continue to heat up. In terms of ecosystem development, the Solana ecosystem is accelerating towards real-world assets and institutional products, Ethereum is focusing on infrastructure and cultural narrative construction, and the Perp DEX track is engaging in a new round of competition around unlocking rhythms and new chain launches.

I. Mainstream Topics

1. Backpack Prepares for TGE

Backpack Exchange has officially announced that it will reallocate 40 million points in the next 4 weeks, confirming that 25% will be unlocked at the TGE (Token Generation Event). This arrangement signifies that the project has officially entered a critical sprint phase, with the core objective of further activating user engagement and ecosystem activity.

Community response has seen a significant increase in enthusiasm. Some users have expressed strong optimism about related assets such as Mad Lads, with optimistic expectations like "$10K per Mad Lads in 2 yrs" even appearing; others regret not participating in farming earlier. The overall sentiment is optimistic, with Backpack generally seen as a leading project in the current race.

2. Warsh Becomes Top Choice for Fed Chair

Multiple sources have indicated that the Trump administration plans to nominate Kevin Warsh as the next Federal Reserve chair, with the announcement possibly coming tomorrow. Warsh has long advocated for structural reform of the Fed, believing that AI-driven productivity gains will dampen inflation, thus supporting a more aggressive rate-cutting path; however, he is against QE and leans towards reducing the Fed's balance sheet. This stance could significantly alter the future direction of monetary policy.

Market discussions have quickly intensified. On the one hand, some question whether his historically "hawkish" stance is conflicting with Trump's preference for a low-rate policy (e.g., "why would Trump pick a hawk?"), expressing concerns about potential pressure on the stock market and crypto assets, with discussions even arising about increasing ETH short positions; on the other hand, some believe that this combination could mean a complex situation of "more rate cuts + asset price repricing." Warsh's track record of remaining highly vigilant against inflation risks during past crises has kept the market cautious of potential tightening tendencies. These expectations are already reflected on Polymarket, where the odds have seen a significant surge.

3. ERC-8004 Mainnet Launch

ERC-8004 (Trustless Agents Standard) has been officially deployed to the Ethereum mainnet. This standard aims to provide a unified framework for trustless AI agents, with over 10,000 agents registered during the testnet phase. The current "Genesis Month" is now live, with the official release of contract templates, development guides, and community resources, with plans to expand to mainstream L2 networks in the future.

The community feedback has been highly positive. Projects such as Oasis, OpenServ, KITE AI, and AltLayer have expressed congratulations and collaboration intentions, widely seeing it as a significant milestone in the deep integration of AI and blockchain. Some users have begun discussing the "agent economy" concept, mentioning related tokenomics (e.g., $TIBBIR), overall seen as a critical infrastructure upgrade for the Ethereum ecosystem.

4. The DAO Reboot with 75,000+ ETH Funding

The DAO has announced its reboot after nearly a decade of silence, establishing The DAO Security Fund and utilizing over 75,000 ETH (approximately $220 million) to strengthen the Ethereum security infrastructure. This fund has received support from the Ethereum Foundation and Vitalik Buterin, aiming to sustainably fund audits and security-related initiatives, symbolizing its transition from a key player in a historic hack to an "ecosystem guardian" role.

The community broadly views this as a "redemptive return." Many comments state "the DAO is security," reflecting on the events of 2016 while acknowledging its positive contribution to Ethereum's security today. Some users half-jokingly admire how Vitalik "almost single-handedly changed the course of crypto." Overall sentiment is bullish, providing a fundamental boost to Ethereum, albeit with a hint of ironic humor (e.g., "they could have just robbed us").

II. Mainstream Ecosystem Updates

1. Solana

· Fuse Energy Launches First Product

The energy network project Fuse Energy has announced the upcoming release of its first product, "The Energy Network," aiming to expand grid capacity and alleviate congestion and supply issues in the current energy system. The official teaser video showcases the product vision, emphasizing the intrinsic connection between "energy sovereignty" and "economic sovereignty." The project has received support from institutions such as Multicoin, Lowercarbon, Accel, and Balderton.

The overall community feedback has been positive. Many users see it as a rare real-world application of "Web3 technology + Web2 clients + verifiable ARR," believing that grid capacity itself is a core bottleneck long overlooked by the energy industry. At the same time, there are voices reminding to pay attention to its implementation risks and execution complexity.

· Launch of JitoSOL ETP for EU Users

Jito collaborates with 21Shares to launch the JitoSOL ETP (code: JSOL), becoming the first exchange-traded product in Europe fully supported by Solana's mainstream LST—JitoSOL. This product provides investors with SOL price exposure while integrating staking rewards and MEV incentives, focusing on an institution-grade setup under a compliant framework.

The community highly appreciates this development, generally considering it an important step in the convergence of DeFi and TradFi, with "the gap between DeFi and TradFi is closing" becoming a frequent appraisal. Many users inquire about the possibility of a U.S. version and see Europe as the pioneering market for this innovation.

· HYPE Officially Enters the Solana Ecosystem

Hyperliquid's native token HYPE is formally deployed on Solana through the Sunrise bridge, supporting direct trading and cross-chain transfers with Solana native assets. The officials have also released the contract address and emphasized the need to operate through official channels to mitigate risks.

The community sentiment is noticeably heating up, with many viewpoints describing this integration as the connection between "the house of all finance" and "internet capital markets." Projects like Titan, Mayan, DFlow, among others, have successively expressed their support, and the market expects more cross-chain assets to converge on Solana in the future.

2. Ethereum

· Ethereum Foundation Launches Official Podcast

The Ethereum Foundation officially launches the OFFSTAGE content project, presenting the stories behind the crypto world in video and podcast form, focusing on individuals, personal journeys, failure experiences, and long-term beliefs, rather than price or product promotion.

The community response has been enthusiastic, viewing this as "a new way to see crypto" that helps enrich the narrative of crypto culture. Some discussions have extended to the role of AI in editing and content production, with lighthearted jokes about Vitalik and Ethereum's historical nodes, overall seen as a positive attempt at long-term brand and culture building.

· MegaETH Unveils Tokenomics Design Philosophy

MegaETH further revealed its KPI-driven token distribution mechanism: over half of the MEGA supply will be gradually released based on protocol milestones (such as TVL growth, decentralization level, performance metrics, and contribution to the Ethereum ecosystem) instead of relying solely on time-based unlocks.

The community generally believes that this design helps alleviate the structural issue of "low circulation, high FDV" and strengthens the incentive alignment between holders and the protocol's long-term goals. "Hope to see more innovative designs around incentive alignment" has become a consensus, with some users expressing confidence in MegaETH's long-term development.

· Vitalik's "Sock with Holes" Sparks Discussion

Vitalik Buterin was photographed wearing socks with holes at a public event, sparking community attention. The juxtaposition of a humble image with his influence in the crypto space stood out.

The community's response was mainly teasing and reverent, believing that "money has not changed him" and interpreting this detail as a symbol of his long-term focus on technology and changing the world, rather than outward appearance. The overall atmosphere was positive, mixed with some reflection on "judging by appearance."

3. Perp DEX

· HYPE Team Unlock Scale Decreases by 90% MoM

Hyperliquid disclosed that next month, the team's unlock scale will be only about 140,000 HYPE, a decrease of approximately 90% from last month's 1.2 million. Previous unlock patterns indicate that some tokens have been relocked or gradually cashed out.

Community opinions are divided. Some see this as a signal of the team's focus on long-term interests and community orientation, while others question the transparency of the unlock mechanism and whether it has already been priced in by the market. Overall, this change is viewed as a somewhat positive governance signal, but its price impact remains controversial.

· N1 Chain Mainnet and 01 Exchange Go Live on the Same Day

N1 Chain has announced that it will launch its mainnet on February 3, 2026, and will simultaneously introduce 01 Exchange, focusing on a professional trading experience where all assets and markets are unified on one chain. The project is backed by Founders Fund and has already released its official website and a video teaser.

The community is excited, with "the chain is real" becoming a representative evaluation. Apart from a minor incident regarding the date announcement, the overall discussion is focused on its potential for professional traders and its end-to-end design.

· Nado NFT Floor Price Around 0.4 ETH

Nado has launched its official NFT series, Templars of the Storm (a total of 1200 pieces), distributed to eligible wallets and trading on the Ink chain on OpenSea. It is currently in the pre-reveal phase, with a floor price of around 0.4 ETH.

Community feedback is mixed. Some users celebrate the rapid price increase, while others express dissatisfaction with the point redemption value or NFT distribution issues. Discussions about its connection to the Kraken team are increasing, but overall, it is still seen as a significant node in the Nado ecosystem.

4. Others

· Monad Team Member Changes

Monad Foundation's Growth Director @Intern has announced his resignation, transitioning to an advisory role. He reflected on his experience of participating in building Monad from scratch to one and emphasized the team's long-term commitment to the decentralized EVM-compatible L1 roadmap.

The community's response is mixed. While appreciating his contributions, there are also concerns about personnel changes occurring on the eve of the mainnet launch, with some even taking a humorous interpretation. After founder Keone publicly expressed his gratitude, market sentiment slightly calmed, but the focus on Monad's subsequent execution remains.