(Web3 Daily) is a comprehensive morning report column launched by Web3Caff for the Web3.0 field, based on important news, official updates, and selected articles from the past 24 hours, aimed at helping Web3.0 enthusiasts and Builders quickly understand the latest industry trends. Of course, if you want to further stay informed about the latest industry dynamics and exciting articles, please remember to follow our official Twitter.

Cover: Sphinx

  • The GENIUS Act has entered the House of Representatives for review.

Source: Cryptoinamerica

  • Guotai Junan International has officially been approved to provide cryptocurrency and other virtual asset trading services.

Source: Guotai Junan International

  • New York City Mayor Adams announces cryptocurrency policy plan.

Source: Cointelegraph

  • SlowMist will launch a phishing simulation platform, Unphishable, on July 1.

Source: SlowMist

  • South Korea's eight major banks are setting up a joint venture to issue a Korean won stablecoin.

Source: econovill

  • Japan's Financial Services Agency is considering incorporating crypto assets into the (Financial Instruments and Exchange Act).

Source: Coinpost

  • Iranian exchange Nobitex announces recovery roadmap after security incident.

Source: Nobitex

  • Chainlink collaborates with Mastercard to support on-chain cryptocurrency purchases for 3 billion users.

Source: CoinDesk

  • Canton Network developer Digital Asset completes $135 million in strategic financing, led by DRW Venture Capital and others.

Source: CoinDesk

  • On-chain derivatives trading platform Sphinx completes $2 million Pre-Seed round financing, led by Eckhardt Capital.

Source: Sphinx

Exciting articles you may have missed

This report revolves around a modular combination + decentralized architecture-based 'intention execution network'—Enso, conducting quadruple path verification:
① Does the combination model centered on Shortcut really enhance on-chain interaction efficiency?
② Can the architecture upgrade from centralized components to 'shared networks' be implemented?
③ Have real-use scenarios been verified in projects like Onplug, Berachain, DeFAI, etc.?
④ Does it have differentiated capabilities against competitors like CowSwap, dappOS, UniswapX?

We have also included a key point structure diagram, Shortcut schematic diagram, Boyco liquidity migration flowchart, routing strategy breakdown, and Token incentive mechanism analysis.

Enso Network: Can the new force in the intended track achieve the MCP moment of Web3? A panoramic analysis of its development background, technical solutions, competitive landscape, pros and cons, risks, and future prospects.

On June 12, the U.S. Senate passed (Guiding and Establishing the U.S. Stablecoin National Innovation Act) with an overwhelming majority of 68 votes in favor and 30 against, establishing the first federal regulatory framework for stablecoins pegged to the U.S. dollar. In this 'gold rush' of stablecoins ignited by the GENIUS Act, who has already taken the lead? Who will rise? This article discusses and provides a quick read.

Reshaping global finance 'utilities': How does the (GENIUS Act) ignite the regulatory bull market for Circle and stablecoins?

On June 17, Liu Qiangdong first placed the stablecoin strategy at the core of the company's landscape, allowing the outside world to glimpse JD's global financial blueprint. To replicate 'Local JD' in mainstream global markets, JD needs to equip each node with local settlement capabilities. This inherent compliance demand for business has led to a rigid pursuit of 'local stablecoin licenses,' which this article discusses in depth.

Cobo Market Observation: JD's ambition for stablecoins is not just cross-border payments.

The different development paths of stablecoins in the U.S. and Hong Kong are rooted in their distinct market environments and strategic starting points of participants. Taking Circle and JD Coin Chain as examples, the former represents a top-down, mainstream compliance approach, while the latter represents a bottom-up, industry-driven B-end breakthrough. This article delves into that.

The US-China Path of Stablecoins: Hong Kong's B-end Breakthrough and America's Mainstream Conspiracy

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