Web3 Weekly Report: GENIUS Act Passed in the Senate BTC Rises in Steps ETH Ecosystem Restructuring

Weekly Web3 Highlights Review

Macro Trends

The US GENIUS stablecoin bill has passed in the Senate but still requires approval from the House of Representatives and the President to officially become law. The core provisions of the bill have sparked heated discussions among lawmakers.

Hong Kong's stablecoin legislation has made progress, and several tech companies are poised to act. Some lawmakers are calling for the inclusion of the Renminbi stablecoin in the regulatory framework to strengthen Hong Kong's position as a digital financial hub.

The price of Bitcoin is showing a "stair-step" upward trend, with analysts predicting its annual compound growth rate to remain around 8%.

The Ethereum ecosystem is undergoing a value reconstruction, with Pectra upgrading to inject new vitality into it. However, data analysis shows that there are still inconsistencies in the ecosystem, with some areas being cold while others are hot.

AI and Meme Craze

Labubu IP has gained popularity worldwide, with both physical peripherals and digital assets being highly sought after, becoming a cross-border cultural symbol.

The development of AI in the Web3 field has gone through multiple waves of enthusiasm, gradually transitioning from concepts to practical applications.

A certain meme coin spokesperson faced serious consequences, triggering a reflection on the risks of influencer endorsements.

A well-known venture capital firm has released a comprehensive overview of on-chain AI, showcasing the business models and development prospects in this field.

The emerging AI project Sahara has launched an innovative interaction mechanism, attracting attention in the industry.

Investment Opportunities

The Monsters project has received official support from the Abstract ecosystem and is seen as a high-certainty opportunity.

The new Bitcoin Layer 2 solution Spark is attracting attention, and its ecosystem has begun to take shape.

Data analysis of the Virtuals Genesis project shows that the average return for participating in the new issuance can reach 32 times.

Industry Trends

Many well-known institutions have expressed their views on the Movement incident, calling for the improvement of market maker regulatory mechanisms.

The newly emerged Ethereum whale Abraxas Capital has attracted attention with its large-scale purchase of ETH and its notable DeFi layout.

The algorithm mechanism of the content creation platform Kaito has sparked controversy, with some worrying that it may limit the freedom of creators.

Several Web3 games have announced that they will cease operations in 2025, reflecting the challenges faced by the blockchain gaming industry.

The patent dispute between Bancor and Uniswap has sparked discussions about the balance between open-source spirit and commercial interests.

The Sui ecosystem has encountered a major security incident, sparking a discussion on the balance between decentralization and efficiency.

The Trump-related meme coin dinner has attracted widespread attention, revealing the complex relationship between cryptocurrency and politics.

Market Dynamics

Solana Mobile announces that the second Web3 phone is about to be shipped and plans to launch a new token.

CME Group has added XRP futures trading.

Société Générale intends to issue a dollar stablecoin on the Ethereum network.

The chairman of the U.S. Securities and Exchange Commission stated that it will adjust its cryptocurrency regulatory strategy.

The founder of Cardano denies allegations of misappropriating funds and promises to release an audit report.

Tether holds more U.S. Treasury bonds than some countries.

BlackRock has reached a partnership with Circle, committing not to issue stablecoins on its own for the next four years.

Several large banks in the United States are discussing the possibility of jointly issuing a stablecoin.

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GasBankruptervip
· 07-10 12:00
Heard the bull run wealth dream is back? Suckers on the ladder.
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OldLeekConfessionvip
· 07-10 11:58
The losses from cutting BTC in the first quarter have all been recovered. The bull run is really nice.
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SlowLearnerWangvip
· 07-10 11:45
Ah, finally the BTC has risen! I was still hesitating back then...
View OriginalReply0
DancingCandlesvip
· 07-10 11:34
The crypto world is about to To da moon~
View OriginalReply0
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