This Week's Web3 Industry Highlights

Market Dynamics

After the Bitcoin price broke through $110,000, a golden cross signal emerged, but historical data indicates this may suggest a short-term pullback. Analysts advise investors to remain cautious and pay attention to potential risks.

The value logic of ETH is shifting from "maximizing fees" to "maximizing value delivery." Experts believe that this transition will bring new growth momentum to Ethereum.

The changes in the South Korean political landscape may affect cryptocurrency policies. The new leader has expressed support for crypto-friendly policies, raising market interest.

Singapore tightens cryptocurrency regulations, putting pressure on many businesses. The era of regulatory arbitrage may have come to an end, and industry reshuffling is inevitable.

The financial strategies involving Bitcoin adopted by some listed companies have raised concerns. Some believe this could repeat the scenario of the collapse of the Grayscale GBTC premium.

Gold investment institutions predict that by 2030, the price of gold may reach $8,900, and the market value of Bitcoin is expected to reach 50% of that of gold.

AI and Meme Coins

Rumors of a certain platform issuing tokens have caused turmoil in the Solana ecosystem, with an increase in on-chain risk-averse sentiment.

The AI training platform Flock is seen as a combination of Bittensor, Nous Research, and Virtuals, providing new options for AI application development.

Industry insiders point out that the Meme coin market is shifting from pure speculation to an income capture model, with changes in investment logic.

Emerging Projects

Plasma raised $24 million in funding and plans to create a blockchain dedicated to stablecoins to address high fees and centralization issues.

Solana has launched an identity verification service, which differs from oracles and primarily focuses on off-chain subjective or conditional trust.

The BNB Chain ecosystem is showing strong growth momentum, attracting the attention of investors.

A well-known NFT trading platform announced the issuance of tokens, sparking heated discussions in the market.

Industry Trends

Cryptocurrency companies are accelerating their entry into the traditional stock market, with 45 related companies successfully listed.

The Ethereum Foundation has publicly announced its first layoffs and strategic adjustments, sparking discussions about the foundation's model.

A former CEO of an exchange calls for the establishment of a dark pool perpetual contract DEX to address the challenges posed by transparency.

This year, there have been 5 major acquisitions in the cryptocurrency industry, reflecting the trend of industry consolidation.

Stablecoin issuer Circle had a strong debut on its first day of trading, providing substantial returns for early investors.

The public chain project Injective has seen a significant increase in recent data, attracting market attention.

Important Information

The recent pullback of Bitcoin is viewed by a certain trading platform as a "healthy reset."

A certain social media platform has launched the XChat feature that supports encrypted communication.

The Beijing Public Security Bureau has innovated a mechanism for handling tokens involved in cases by selling them through a compliant exchange in Hong Kong and submitting the proceeds to the national treasury.

Federal Reserve officials stated that stablecoins are merely a payment tool and do not support the issuance of CBDCs.

A certain cryptocurrency security company has released a new warning code aimed at protecting Ethereum wallet security.

The Ethereum Foundation reorganizes its R&D team, focusing on three strategic goals.

JPMorgan plans to offer cryptocurrency ETF financing services to its clients.

The Moscow Exchange in Russia has opened Bitcoin futures trading to qualified investors.

The Hong Kong Stablecoin Regulation will officially take effect on August 1.