1. a16z: After the GENIUS Act, there is an urgent need for the CLARITY Act
The House recently advanced an important new 'market structure' bill with an overwhelming majority (294 votes in favor, 134 votes against, including 78 Democrats in support). This bill, known as the Digital Asset Market Clarity Act (referred to as the 'CLARITY Act') (HR 3633), will establish a clear regulatory framework for the digital asset market. The bill has now been submitted to the Senate for review, where the Senate is drafting its own version of market structure legislation, referencing the CLARITY Act. Click to read
2. Ethereum races to $4000: What exactly happened
Ethereum is making history: we are witnessing one of the largest short squeezes in cryptocurrency history. Since July 1, Ethereum's market capitalization has soared by $150 billion — just days ago, net short positions had reached an all-time high. Click to read
3. Can ETH replicate a microstrategy Summer boom?
The reason these players dare to be so aggressive is largely due to taking advantage of the 'arbitrage window' before the U.S. government implements sweeping reforms and the regulatory mechanism matures. In the short term, they have exploited many legal and compliance loopholes — such as the ambiguity in accounting standards for classifying crypto assets, loosening SEC disclosure requirements, and gray areas in tax treatment, etc. Click to read
4. Web3 Frontend Attacks: A New Playground for Hackers
When most people talk about Web3 security, they usually think of smart contracts. This makes sense. After all, these code snippets control real assets, define protocol logic, and protect billions of dollars in user funds. Over the years, security teams have invested countless efforts to discover reentrancy vulnerabilities, access control issues, arithmetic errors, and subtle bugs that only occur in specific execution paths. But in all this obsession with what happens on-chain, we have overlooked the first thing that the vast majority of users actually interact with: the frontend. Click to read
5. The 'first stock' of stablecoins is unstable
On June 5, 2025, the first public stablecoin Circle (NTSE: CRCL) was listed on the New York Stock Exchange at an issuance price of $31, and within just 12 trading days, the stock price peaked at $299. The closing price on July 18 was $223.78, an increase of 622% from the issuance price, with a total market capitalization approaching $50 billion. Although the stock price has fallen 25% from its peak, the risks remain high. Click to read
