Changes in the Global Economic Landscape and the Outlook for the Crypto Market
The current global situation is unpredictable. Although many people may have already realized this, it is still worth delving into the current economic landscape.
Although the crypto market has always been the focus of our attention, especially after confirming the bull market rebound following the Bitcoin halving, the market currently seems to have entered a relatively quiet phase. During this phase, most cryptocurrency holders have completed their investments, and choosing to wait and see may be a wise strategy.
For most investors, adopting a long-term investment perspective can simplify the decision-making process and reduce the need for frequent adjustments. Currently, the best options seem to be either holding long-term or betting on emerging popular tokens.
Regardless, this calm period in the crypto market provides us with an opportunity to examine the macroeconomy, which inevitably affects the trends of cryptocurrencies. After all, Bitcoin and other digital assets stem from the root

Hong Kong is actively promoting the development of Web3, attracting a large number of encryption companies and talents, and trying to become a global Web3 hub. Although the government provides strong support, the formulation of regulatory policies remains key. Finding a balance between ensuring innovation and effective regulation will determine the future direction of Hong Kong's development.

Mega Matrix Inc. Chief Strategy Officer Jia Songtao: Strategic Layout of the Stablecoin Track
Stablecoins, as an important component of the long-term order of future digital assets, are gradually becoming a bridge between the traditional financial system and the blockchain world. With the regulatory environment becoming increasingly clear, the stablecoin industry is ushering in unprecedented certainty and development opportunities. Against this backdrop, the US-listed company Mega Matrix Inc. has officially entered the core area of on-chain finance through a private financing round of 16 million dollars.
The company's Chief Strategy Officer, Jia Songtao, stated that this private financing is a key step in the company's strategic upgrade. Mega Matrix Inc. has transitioned from a holding company centered around a content platform to a systematic on-chain financial layout, particularly focusing on stablecoin treasury strategies.
Jia Songtao believes that the future world of digital assets will be built on public chains, stablecoins, and custody.

The yield layer of the Solana Decentralized Finance ecosystem: The innovation and development of NX Finance
Against the backdrop of the thriving Solana ecosystem, NX Finance stands out as an innovative yield aggregator. It aims to become the yield layer of the Solana Decentralized Finance ecosystem, offering users diversified yield strategies through yield leverage on earning assets and yield splitting of airdrop points.
The rise of the Solana Decentralized Finance ecosystem
Recently, the amount of funds on the Solana chain has significantly increased, with the total locked value ( TVL ) skyrocketing from 300 million USD to 4 billion USD from the third quarter of 2023 to July 2024. This growth is mainly attributed to the memecoin craze and the subsequent influx of substantial funds.
As funding increases, the demand for stable DeFi returns among users is also rising. Currently, on the Solana chain

Bitcoin has fallen back after hitting a new high, and market fluctuation has intensified.
On July 30, 2024, the Bitcoin price briefly broke through the $70,000 mark, reaching a new high of $70,050. This breakthrough sparked widespread attention and discussion in the market, but the peak did not last long, and the price quickly fell back. This price fluctuation once again highlights the high risks and uncertainties of the cryptocurrency market.
Nashville Bitcoin Conference Boosts Market Sentiment
The recent short-term surge in Bitcoin prices can be attributed in part to the Bitcoin conference held in Nashville, Tennessee, from July 25 to 27. The conference attracted global attention due to its scale and influence, as well as the attendance and speech of Trump.
Influential figures' statements affect the market
Trump proposed a series of suggestions regarding Bitcoin at the conference, including the establishment of a Bitcoin strategic reserve for the United States, and stated that he would fire the current chairman of the Securities and Exchange Commission. He claimed that the U.S.

According to the latest data from the Ethereum blockchain explorer, the staking contract for Ethereum 2.0 has reached the minimum requirements necessary to launch the Genesis Block. The amount of ETH deposited in the contract has exceeded 524,288 coins, and the achievement of this important milestone indicates that the Ethereum 2.0 network is expected to go live as scheduled on December 1.
This progress marks a key step towards a more efficient and scalable future for the Ethereum ecosystem. The successful filling of the stake contract not only demonstrates the community's confidence in Ethereum 2.0 but also lays a solid foundation for the upcoming network upgrade.
As the launch conditions are met, the Ethereum development team and community members are making final preparations for the upcoming major update. This upgrade will introduce a proof-of-stake consensus mechanism, which is expected to significantly enhance the network's performance and security.
Despite being a few days away from the official launch, the achievement of this milestone has already caused a wide stir in the cryptocurrency community.

Winners in the Crypto Assets Cycle: Insights from Ryan, Founder of Solv Protocol
In the turbulent cryptocurrency market, we had the privilege of interviewing Ryan, the founder of Solv Protocol, to discuss how to find a stable profit path in this high-risk, high-reward field.
Market Cycles and Investor Sentiment
The current "gold rush" in the crypto world is gradually cooling down. Market sentiment has shifted to panic, and investor confidence is gradually crumbling. The decline in Bitcoin prices has sparked widespread discussion about whether the bull market has already ended. However, the confidence of core investors has not wavered. Those who made significant gains in the last bull market still firmly believe in the long-term value of Crypto Assets and continue to increase their holdings.
Ryan believes that the cyclical dividends of the Crypto Assets industry have not completely disappeared. "It will probably last until around 2028, and opportunities still exist. However, this round of the cycle

The Central Bank released security specifications for financial Distributed Ledger Technology, and Bitcoin whales lost a large amount of Tokens.
Recently, the People's Bank of China officially released the "Security Specifications for Financial Distributed Ledger Technology" industry standard. This standard stipulates the security system for financial distributed ledger technology, covering multiple aspects such as basic hardware, software, cryptographic algorithms, node communication, and ledger data. This standard was proposed and drafted by the Central Bank Digital Currency Research Institute, with participation from several large banks. Some analysts believe that with the introduction of this specification, the development of digital currency and blockchain supply chain finance is expected to accelerate.
In terms of regulation, the Central Bank stated that it aims to thoroughly resolve Internet financial risks and establish a sound long-term mechanism for Internet financial regulation. In Russia, the Central Bank and the Federal Security Service have reached an agreement to prohibit the use of cryptocurrencies as a means of payment. U.S. presidential candidate Michael Bloomberg proposed to formulate rules to clarify the status of crypto assets in the financial system.
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