Weekly News Review of the Web3 Industry

Macroeconomic Policies and Regulatory Trends

The Hong Kong SAR Government has released the "Hong Kong Digital Asset Development Policy Declaration 2.0", further improving the policy framework in the field of digital assets. The new policy places greater emphasis on practical applications and ecosystem development, reaffirming the goal of making Hong Kong a global hub for digital asset innovation. Currently, more than 40 institutions have actively responded to the relevant policies.

Texas has passed two bills to launch a state-level Bitcoin reserve strategy. On one hand, the state government will use public funds to purchase Bitcoin and establish an independent reserve fund; on the other hand, it authorizes law enforcement to confiscate related crypto assets and lock them up for the long term. This dual-track strategy aims to strengthen the scarcity of Bitcoin, attract top crypto industries, and set a benchmark for state-level digital asset regulation.

Industry Giants Dynamics

Payment giant Mastercard has announced that it will provide on-chain cryptocurrency purchasing services, further promoting the mainstreaming of cryptocurrency payments. In recent years, Mastercard has continuously deepened its cryptocurrency strategic layout, gradually moving from experimental exploration to the practical implementation stage, becoming an important part of its global financial landscape.

Apple's AI strategy has come under scrutiny. Critics argue that there is a significant gap between Apple's commitments in the AI field and actual delivery, and it remains questionable whether its slow-paced strategy can catch up.

Market Trends and Investment Opportunities

The dominance of the Bitcoin market has surged, but some indicators are signaling a bear market. Analysts point out that the traditional theory of a "four-year cycle" may be outdated, and investors need to adapt to the new market realities, including a slow bull for Bitcoin, intensified competition among MEME projects, and a bottleneck in technological development.

The Solana ecosystem has seen multiple early airdrop opportunities, attracting the attention of investors. Meanwhile, the Base chain has recently made significant progress, with some projects drawing considerable attention.

The trading volume of stablecoins continues to grow, with the daily average trading volume of US dollar stablecoins exceeding that of Bitcoin and Ethereum since June. Some analysts believe that stablecoin issuers may become the second-largest buyers of US Treasury bonds within the next three years.

Project and Technology Development

The Celestia project has recently faced multiple criticisms, including accusations of executives cashing out,利益输送, and media manipulation. Although the project team denies these allegations, both the ecosystem's activity and the token's performance have shown a significant decline, putting the modular narrative under severe scrutiny.

Codex public chain has launched an innovative stablecoin solution, featuring T+0 foreign exchange, atomic withdrawal channels, and risk-free redemption, aimed at solving the difficulties of cryptocurrency exchanges.

The integration of AI and Web3 has become a new trend. Industry insiders believe that regardless of the route chosen by the project, it ultimately needs to incorporate AI collaborative logic to enhance competitiveness and efficiency.

Industry Risks and Warnings

A "discount token OTC" scam has led to losses of up to 50 million dollars for investors. Despite early warnings, trust, greed, and the so-called social "proof" have still become powerful weapons for the scammers.

Suspicious circulation of over 55 billion USDT has raised concerns, involving a platform called Huiwang Payment. As the world intensifies its crackdown on online scams and illegal cross-border money laundering activities, similar platforms are facing stricter regulatory scrutiny.

A certain DAO's funds are suspected to have been manipulated and transferred, involving an amount of approximately 23 million USD. The Across team has been accused of being involved in a "self-dealing" scandal, highlighting the seriousness of insider threats in the cryptocurrency space.