📢BeWater Weekly (11.10–11.14) | Walking through Southeast Asia, who is saving Ethereum?By @ToSisyphus "Two things in the crypto world: never forget your original intent, https://t.co/qg0CujoXgU," he said when meeting Hanyang at Shanhaiwu.According to this statement, this year’s Chiang Mai belongs to "never forget your original intent," a paradise for idealism. Although I came for Shanhaiwu, the Popup community in Chiang Mai is richer than I imagined. Here, there is the ZKP Popup camp Invisible Garden organized by Ethereum Foundation PSE member Leo Lara, which may gather some of the strongest ZK mentors in the world; continuing the Edge City from Zuzalu in Montenegro (initiated by Vitalik), exploring health, biotechnology and longevity, and renewable energy.Despite the different focuses of each community, what stands out is that most are Ethereum supporters, with Vitalik traversing among the communities. Arriving in Chiang Mai for the last week, I didn't have the chance to participate in various "lively" activities, but in just a few days, I still felt the politics of Ethereum quite directly.If the past represented a collective alignment on Ethereum's orthodoxy, this year, with ETH's poor performance, the war between orthodoxy and commercialization has finally reached a boiling point. Most people coming to Chiang Mai are relatively purist, more academic, more technical, and more pure, rather than commercial. However, when purity intersects with politics and ideology, it manifests as alignment with Ethereum & Vitalik:- I was warned never to mention Solana in front of Leo Lara, or he would go crazy. When a person has faith, has their own religion, it will lead to a strong exclusivity.- If this is still ideological, then the political conflict is even more intense. In the last week at Shanhaiwu, Bankless Ventures proposed to raise funds again for the "Ethereum Alignment Fund," which sparked controversy as the news spread.- Some people complained that certain KOLs do not understand technology but make money by posing as tech-savvy individuals.The purists' demand is to reject sheer "commercialization," but they inadvertently ignore the problems of internal governance within Ethereum. The thin criticism of Ethereum permeated the air in Chiang Mai, provoking deep thought."I am finally disappointed with the Ethereum Foundation; I previously had no direct evidence, but this time I found it; they are too unfair! ... But I don't understand Bitcoin, so I will continue to delve into Ethereum," said an Ethereum researcher. What we all found very absurd is that Agwn from ETHSeoul said their development team is building on Cosmos because the Ethereum Foundation does not provide funding, while Cosmos does.People from each camp are touting themselves as guardians of Ethereum, but only Manta founder Victor bluntly stated, "I am saving Ethereum." In his view, alignment with Ethereum is not the core issue; the important question is, "How can Ethereum attract more new users than Solana?"Ultimately, the challenges brought by Solana posed an unprecedented crisis for Ethereum. The moment it shifted from abandoning full nodes to adopting PoS, it was destined to follow the path of Solana. However, Ethereum's moral burdens weigh more heavily than those of Solana, and Solana does not leave Ethereum much time.Nobility is the epitaph of the noble, while baseness is the passport of the base. However, Ethereum is neither noble nor willing to lower its stature.🐟Ecological Cooperation1. "The Best Event — AI Drinkathon, Drunk Devs Only" will be held on November 13 in Bangkok, registration is ongoing.2. The MEME.ZKWASM() hackathon was successfully held in Bangkok, and the results have now been announced.3. BeWater, as a platform partner, has announced the results of the online Starknet Hackathon 2024 co-hosted with Openbuild x Starknet.4. Supported by BeWater, the PermaDAO host will launch the【Twitter + Tencent Meeting live broadcast】to kick off the FusionFi protocol journey on November 13.📊Data Performance1. BTC has broken the $80,000 barrier, reaching a historical high.2. Benefiting from the rise of ETH and Alts, ETH TVL reached $59 billion, a week-on-week increase of 23%.3. Solana's market capitalization exceeded $100 billion.4. SUI surpassed $3, with a market cap exceeding $8 billion. Aptos TVL reached $990 million, hitting a historical high.5. The number of transactions on the Base chain exceeded 1 billion.📰Key News1. Ethereum Foundation 2024 report: holds $970 million in assets, with 99.45% in ETH.2. Paradigm launches Solidity compiler to implement Solar, currently in early development stages.3. Solana's re-staking protocol Fragmetric completes its first round of financing, with participation from Solana co-founders and others.4. SOON launches a public testnet with a performance benchmark of 30,000 TPS.5. Wintermute's new proposal requests Ethena to share protocol revenue with sENA holders.MakerDAO retains the Sky brand and plans to launch a new stablecoin.7. Binance lists Cetus Protocol (CETUS), the first project from the Sui ecosystem to be launched on Binance.8. The crypto AI model layer Pond completes a $7.50 million seed round financing, led by Archetype.9. NEAR AI launches Alpha version, including a customized AI smart assistant.📚 Recommended Articles1. Opinion | ABCDE Lao Bai: Three New Main Lines of This Bull Market — PayFi, AI Agent, Memehttps://t.co/QMbtXIBJ5w2. Data | inddigo: TERMINUS On-chain Data Deep Analysis Report (1) — Early Accumulation and Initial Market Sentimenthttps://t.co/Ip6CKP1qou3. Opinion | Vitalik: From Prediction Markets to Information Financehttps://t.co/DWPsaHZ3IhRead the full article👇https://t.co/Sy2ECnfzZP