Overview of This Week's Highlights in the Web3 Industry

Industry Macroeconomic Analysis

Bitcoin recently broke through $110,000 and formed a golden cross, but historical experience suggests this may indicate a potential downturn. Some analysts believe that ETH's value is shifting from "maximizing fees" to "maximizing value capture." Changes in the South Korean political landscape may lead to significant shifts in cryptocurrency policy. Singapore's tightening financial regulations have prompted some Web3 companies to begin withdrawing. The strategy of publicly listed companies holding cryptocurrencies has raised concerns about the leverage risks behind high premiums. A report from a gold investment firm predicts that by the end of 2030, gold could reach $8,900, while the market value of Bitcoin may reach 50% of that of gold.

AI and Meme Coin Dynamics

Rumors of a certain platform issuing tokens have triggered a decline in Meme coins within the Solana ecosystem as a hedge. The emerging AI training platform Flock is seen as a combination of several existing projects. Industry insiders shared their views on pure Meme coins, a certain DEX, and other projects, believing that the logic of crypto investment is changing.

Emerging Projects and Opportunities

A new blockchain project designed specifically for stablecoins has secured over $24 million in funding. Solana has launched an identity verification service, which is different from oracles. The BNB Chain ecosystem has recently shown strong growth. A certain NFT trading platform's token issuance has attracted attention.

Web3 Industry Trends

45 cryptocurrency-related companies have gone public in the United States. The Ethereum Foundation has publicly announced layoffs for the first time, raising questions about its governance model. A former CEO of a trading platform proposed the creation of a dark pool perpetual contract DEX. A massive liquidation event involving a well-known trader has sparked heated discussions. This year, there have been 5 major acquisition cases in the cryptocurrency industry. A stablecoin issuer performed impressively on its first day of trading, providing substantial returns for early investors. The long-established public chain Injective has seen a significant increase in data recently.

Important News Summary

A certain trading platform analysis认为 that the recent pullback of Bitcoin may be a "healthy reset". A certain entrepreneur stated that the chat application launched by his company supports encrypted communication. Beijing police have innovated a mechanism for handling tokens involved in cases. A Federal Reserve official stated that they do not support CBDC. A certain trading company released a warning tool for Ethereum wallet attacks. The Ethereum Foundation has restructured its R&D team. A large investment bank plans to provide financing services for cryptocurrency ETFs. Russia has launched Bitcoin futures trading. New regulations for stablecoin supervision in Hong Kong will be implemented in August.