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Top ten news this week
Trump promotes radical policies for crypto assets, facilitating traditional financial reform. The U.S. government supports the tokenization of assets such as stocks and pushes for stablecoin legislation, triggering regulatory turbulence.
Ripple lawsuit overturned, 401(k) allows crypto assets, and the U.S. market welcomes a new spring with rising prices for Bitcoin, XRP, Ethereum, and traditional retirement accounts starting to allocate crypto assets.
"Crypto summer" arrives: Multiple exchanges lead an IPO wave, the market moves towards mainstream adoption, platforms like Bullish go public in the U.S., and traditional investors accelerate entry into the digital asset space.
PayPal launches 'Pay with Crypto', supporting over 100 types of digital currencies for merchants to accept fiat currency, allowing users to make direct crypto payments with low fees and fast settlements, promoting the spread of crypto payments.
Binance report: Crypto market capitalization rose 13.3% in July, driven by a surge in tokenized assets and increasing market activity, with DeFi and stablecoins seeing significant growth.
Crypto fraud surges, AI deepfake technology is widely abused, security threats escalate, and scams become frequent, necessitating enhanced industry defense capabilities.
Mainstream cryptocurrency market experiences fluctuations in sentiment, with Ethereum showing active performance and investor sentiment warming up, leading to an overall optimistic market mood.
The Times of India: In August, meme coins once again become popular, with projects like LILPEPE, SHIB, and FLOKI gaining market attention and speculative enthusiasm.
Pakistan becomes a pioneer in blockchain regulation, establishing the National Crypto Commission (PCC) to officially promote regulatory construction and industry integration, building a compliant ecosystem.
Development of decentralized identity infrastructure: Unstoppable Domains emphasizes on-chain recognizable identities to promote the interoperability between Web2 and Web3.
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In-depth analysis summary
Policy catalyst strongly activated: U.S. policy easing boosts the institutionalization of crypto assets, attracting mainstream financial institutions.
Crypto payment implementation speeds up: PayPal's new feature lowers merchant access barriers, driving innovation in payment methods.
Market heat and regulation run in parallel: Token market cap skyrockets and meme coin craze concentrates, requiring simultaneous regulatory and safety follow-up.
Global compliance and channel expansion: From Pakistan's regulatory agency layout to upgrades in decentralized identity infrastructure, global industrial infrastructure is continuously strengthened.
