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Web3 Hotspot Weekly Report: Progress on the US GENIUS stablecoin Bill, Labubu Global Trend, and On-Chain AI Business Model Analysis
Weekly Selected Content Review in the Web3 Field
Macroscopic Perspective
The US GENIUS stablecoin bill has made significant progress.
After the Senate passed the GENIUS Act, the bill still needs to be approved by the House of Representatives and the President to officially become law. Lawmakers engaged in heated discussions over multiple provisions, among which the Trump family's stablecoin project became one of the focal points of controversy. The legislative process and key developments of the bill are worth ongoing attention.
The regulatory framework for stablecoins in Hong Kong is taking shape.
Hong Kong regulators have conducted preliminary tests and oversight on three stablecoin issuers. Some lawmakers are calling for the promotion of stablecoin projects pegged to the Hong Kong dollar and the Renminbi to strengthen Hong Kong's position as a digital financial center. They also suggest that the government adopt a flexible licensing policy to expedite the approval process.
Bitcoin prices may steadily rise.
Market analysts predict that Bitcoin's price may enter a "stepped" upward trend, with the potential to reach $160,000. In the long term, Bitcoin's compound annual growth rate is expected to stabilize around 8%.
The Ethereum ecosystem faces a reconstruction of value
Recently, the price of Ethereum has rebounded, and the market hopes to re-establish its value position through this rebound. However, a comprehensive data analysis of the Ethereum ecosystem reveals that it is undergoing a deep value reconstruction process, with various aspects of the ecosystem showing uneven performance.
A Review of Bitcoin's Development over 16 Years
From an initial value of just two pizzas to a current price of over $100,000 per coin, the development of Bitcoin can be described as legendary. This article outlines 27 individuals who played a key role in the rise of Bitcoin and reviews the growth journey of this revolutionary asset.
AI and Meme Trends
Labubu craze sweeps the globe
Labubu has moved from domestic e-commerce platforms to the international stage, becoming a cross-cultural pop symbol. It is not only sought after in the physical collectibles market but has also sparked a speculative frenzy in the cryptocurrency field.
The Five Waves of AI in the Web3 Field
Looking back at the development of AI in the Web3 field over the past few years, five main stages of development can be clearly identified. Each stage has brought new technological breakthroughs and investment opportunities.
The risks of meme coins endorsed by internet celebrities
A social media influencer faced serious legal and security issues after endorsing a Meme coin, highlighting the potential risks of celebrity endorsements in the cryptocurrency space.
Analysis of On-Chain AI Business Models
A well-known investment institution conducted a detailed analysis of the on-chain AI sector and believes that this technology will greatly expand the range of participants in the crypto space, with potential users reaching billions.
Sahara AI Project Analysis
Sahara AI is a highly regarded AI project with a strong team background and support from top investors. The project covers various aspects, from AI asset registration to gamified tasks.
Project Focus
Monsters project in the Abstract ecosystem
Monsters is one of the few projects that has received official support from Abstract, backed by a strong team.
Emerging Bitcoin L2 Project Spark and Its Ecosystem
Spark is a new Bitcoin L2 project that has received support from well-known investment institutions. Multiple LRC20 tokens have emerged in its ecosystem, showing a development trend similar to early BRC20.
Virtuals Genesis Project Analysis
Recent data shows that the average return for participants in the Virtuals Genesis project has reached 32 times. The level of oversubscription of the project is strongly correlated with returns, and it is recommended that investors focus on points acquisition and high-demand projects.
Web3 Industry Trends
Market Maker Regulation Discussion
Many well-known institutions have discussed the Movement incident, exploring how to ensure that market makers fulfill their responsibilities without abusing their power. Information disclosure is considered an important means of regulating the market.
New Ethereum whale Abraxas Capital
Abraxas Capital has recently attracted attention due to its large purchases of Ethereum. The company is an asset management firm based in London, managing over $3 billion in assets, primarily engaged in stablecoin arbitrage.
Content creation platform Kaito has sparked controversy.
The algorithmic orientation model of the Kaito platform has raised concerns about creative freedom. Some believe that this model may limit the creative space for creators.
The Web3 gaming industry faces challenges
Multiple Web3 games have announced they will cease operations in 2025, reflecting that the blockchain gaming industry is facing a funding shortage and a crisis of confidence.
Bancor vs Uniswap Patent Dispute
Bancor has sued Uniswap for patent infringement, sparking a discussion about the open spirit of the crypto world. This dispute will have significant implications for the future development of DeFi.
Sui ecosystem encountered a security vulnerability
A leading DEX project suffered a loss of $260 million due to an oracle vulnerability. The official measure of "freezing transactions" has sparked controversy regarding centralization, while also igniting discussions on the importance of "anti-censorship" features in the current cryptocurrency investment environment.
Details of the Trump Meme Coin Dinner Exposed
The $TRUMP dinner attracted widespread attention from the crypto market. It is reported that the top 220 holders spent an average of $1.78 million to participate in the event, with the minimum participation cost being around $1,200.
Main Public Chain Stablecoin Ecosystem Analysis
Analyzing the stablecoin data of 12 major public chains, it was found that the stablecoins on the SUI chain are growing the fastest, while the issuance of USDT on the TRON network has surpassed that of Ethereum. This analysis helps in understanding the market recognition of each public chain.
Important News Overview