火讯财经

Article source: Odaily Planet Daily

Author: Ethan

'2021 was the year of Layer 1 competition, while 2024 will be a carnival of Memes. So, where will the market's main theme head in 2025?'

This question, which has sparked heated discussions on the X platform, is clearly revealed by mainstream capital: with the successful legislation of the (GENIUS Act) and stablecoins officially included in the US sovereign regulatory framework, a multidimensional new financial narrative integrating 'stablecoins × RWA × ETF × DeFi' is strongly rising.

In this profound evolution of cross-chain finance, the core focus is no longer Bitcoin or Meme coins, but rather the new order battle between Ethereum and Solana. The two public chains have essential differences in technical architecture, compliance strategies, expansion paths, ecological building models, and even underlying values.

Article source: Event Collection

Following the earlier announcement of Eric Trump as a speaker, Bitcoin Asia 2025 will return to the Hong Kong Convention and Exhibition Centre on August 28-29, bringing the most powerful speaker lineup to date, gathering important figures from government, finance, media, technology, and culture to discuss the development and future of Bitcoin in Asia.

Policymakers take the stage, showcasing the support of mainstream forces in Asia.

Hong Kong is committed to becoming a global virtual asset hub. Bitcoin Asia has specially invited Hong Kong Legislative Council member Dr. The Hon Johnny NG, Kit Chong MH, JP to attend, sharing the latest developments in virtual asset regulation in Hong Kong.

Article reproduced from: FinTax

Author: FinTax

Despite the increasing maturity of cryptocurrency payment technology, the exchange between fiat currency and cryptocurrency (i.e., 'cash-in and cash-out') remains a core aspect that Web3 investors cannot avoid. As cryptocurrencies have not yet become mainstream payment tools, if investors' crypto assets in their wallets or exchange accounts cannot be smoothly converted into fiat currency, their value is limited to specific scenarios. However, cash-in and cash-out are directly related to fund security. In a context where risks such as account freezes and fraud are omnipresent, how to choose safe and reliable cash-in and cash-out channels, and implement comprehensive risk prevention before, during, and after the process, is a question that every Web3 investor must consider.

Article sourced from: Felix

Author: Lee Yeon-woo, Korea Times

Compiled by: Felix, PANews

As momentum for the launch of won-valued stablecoins continues to grow, skepticism is also rising. Some question whether a won stablecoin can find a competitive edge in the face of dollar-dominated stablecoins.

One proposed use case, supported by lawmakers from the Democratic Party of Korea (DPK) and some industry officials, is for transactions related to Korean pop music.

They suggest that K-pop (Korean pop music) platforms adopt a stablecoin backed by the Korean won to facilitate easier shopping or concert ticket purchases for global fans.

Source of the article: On-chain Highlights

The prospect of cryptocurrencies as a mainstream payment method in e-commerce has long been highly anticipated. In theory, their irreversible transactions, low fees, and instant cross-border transactions seem to perfectly solve the pain points of traditional payment systems. However, in reality, the adoption of cryptocurrencies in the e-commerce sector has been sluggish. It wasn't until recent years, with increasing market maturity and technological advancement, that this situation began to change. This article will delve deeply into the adoption process of cryptocurrencies in the e-commerce field, from the gap between early expectations and reality to the key role of network effects, and the new possibilities brought by stablecoins, revealing the core logic and future direction behind it.

Article reprinted from: HashKey trading moments

1. Market Observation

The Federal Reserve's 'renovation controversy' continues to simmer, as Trump personally went to the Federal Reserve headquarters to pressure Chairman Powell over the $3.1 billion renovation cost, repeatedly urging for rate cuts. While Trump has temporarily shelved the idea of firing Powell, White House officials, Republican lawmakers, and Trump's political allies have used this project as a political weapon, attacking Powell by accusing him of 'mismanagement' and 'misleading Congress' in an attempt to undermine his credibility and force him to concede on interest rate policy. 'New Federal Reserve News Agency' reporter Nick Timiraos believes this move is an unconventional public opinion war by Trump to push for rate cuts; strategist Brian Gardner pointed out that this also helps divert public attention from other controversies such as the Epstein case. However, the core contradiction of this controversy lies in the fact that, although Trump demands significant rate cuts citing high government borrowing costs and home-buying pressure, the current financial environment is unusually loose.

Article source: Airdrop Master

In the past few days, there has been a heated discussion in the crypto market about 'U.S. listed companies supporting ENA.' The core player behind this is a company you may have never heard of: StablecoinX.

This is a typical intersection of Web2 and Web3 capital stories. This article will completely break down the origins and ramifications of this event: Who is StablecoinX? Why was it able to raise $360 million? What is its relationship with Ethena Labs? Do ordinary ENA holders really benefit?

One, who is StablecoinX?

StablecoinX Inc. is an American company about to go public via SPAC, whose core mission is: to serve as the long-term treasury manager for the USDe stablecoin, primarily holding ENA as its main asset reserve.

Article sourced from: BitPush

Source: The New York Times

Compiled and organized by: BitpushNews

One of America's largest luxury brokerage firms is establishing a dedicated department that allows buyers to purchase real estate using digital currency.

Christie’s International Real Estate has become the first major brokerage to form a specialized team to handle property transactions involving purely digital payments. The team consists of lawyers, analysts, and cryptocurrency experts, providing transaction services for buyers and sellers that do not rely on banks, coinciding with the accelerated integration of cryptocurrency into the mainstream financial system.

Article source: Tiger Research

This report, published by Tiger Research, provides a comprehensive overview of the development dynamics in major Web3 markets in Asia for the second quarter of 2025.

Key takeaways

Regulation and government: 1) Hong Kong will introduce stablecoin legislation in August to consolidate its position as a digital financial center. 2) Singapore has implemented strict licensing requirements, prohibiting unlicensed companies from conducting business overseas. 3) Thailand will launch G-Tokens, becoming the first country to issue government-issued digital bonds.

Corporate dynamics: 1) A wave of Bitcoin funding strategies among Japanese listed companies has driven a surge in institutional investment. 2) Chinese companies are taking a pragmatic approach by accumulating Bitcoin through Hong Kong's licensing system to circumvent domestic restrictions.

Article sourced from: Foresight News

Author: Prathik Desai

Translated by: Saoirse, Foresight News

Three months ago (Ethereum ETFs were not favored due to significant fund outflows, low market attention, and insufficient yield advantages), even for the most fervent supporters of Ethereum, celebrating the one-year anniversary of an Ethereum Exchange Traded Fund (ETF) in the U.S. seemed far-fetched.

However, Ethereum ETFs are now entering their own spotlight moment - it has been a year since trading began on July 23, 2024.

Article source: Deep Tide TechFlow

Author: Blockworks Research

Compiled by: Deep Tide TechFlow

@bonk_fun and @pumpdotfun are competing for dominance in the Launchpad. Bonk's rise in the past month has secured its leading position in Solana Launchpad revenue. What else can we discover by analyzing Bonk's growth? Let's dig deeper.

Before Bonkfun, Pumpfun consistently issued 30,000 to 40,000 tokens daily. Since Bonk took over, the total token issuance across platforms has remained relatively stable. However, Bonk now issues over 25,000 tokens daily, while Pump's daily issuance is below 10,000 tokens.

Article source: Zen

Author: Zen, PANews

In July, the quiet South Korean virtual asset market officially revived, experiencing a surge in both volume and price. As of 8 PM on July 24, the number one cryptocurrency exchange in South Korea, Upbit, saw its 24-hour trading volume exceed $10.2 billion, an increase of 94.5%; the second-ranked Bithumb also experienced a significant surge, with a 24-hour trading volume exceeding $3.2 billion, up 61.5%.

Just before this wave of excitement, liquidity at the market's base had quietly accumulated. According to CryptoQuant data, from July 13 to 19, the trading volume of stablecoins on South Korea's five major cryptocurrency exchanges—Upbit, Bithumb, Coinone, Cobbit, Gopax—reached 22.26 trillion won (approximately $1.62 billion).

Article source: Nancy

Author: Nancy, PANews

While competitor LetsBONK.fun is rising strongly, the long-anticipated airdrop of Pump.fun has fallen through, becoming the last straw that broke the community's confidence, further accelerating the downward spiral of the PUMP coin price, as short sellers profited massively and whales fled.

The airdrop falling through exacerbates the decline of the PUMP coin price, with nearly 90% of investors voting with their feet.

On July 24, the eagerly awaited PUMP airdrop did not materialize as rumored; instead, Pump.fun co-founder Alon clarified during a live broadcast, further exacerbating the market's bearish sentiment.

Article reprinted from: ChainCatcher

Author: Fairy, ChainCatcher

Editor: TB, ChainCatcher

Another manipulation scandal has come to light, this time it’s Crypto Beast.

With nearly 800,000 followers, the big KOL simultaneously promotes, pumps, sells, and harvests.

On July 14, the token Altcoin (ALT), heavily promoted by Crypto Beast, plummeted from $0.19 to $0.003, evaporating nearly $190 million in market value within just a few hours, with 45 wallets associated with him simultaneously selling off, cashing out over $11 million in total.

This article will review the entire process of this harvesting event, revealing the manipulation truth behind it.

Article source: Deep Tide TechFlow

Author: Ada, Deep Tide TechFlow

'The bull market has come, but why is every group so quiet?' Netizen Tongxinnai cheese raised doubts in the Opensky community group.

'Because of short positions + empty positions.' replied group member Niner.

For Niner, who has experienced the last bull and bear markets, this bull market should have been a good time to make a significant profit, but Niner admits that this market 'hasn't made any money either.'

There are also full-time trader Johhny, who is in a similar situation to Niner. He claims, 'Since Trump tweeted about Trump, I haven't made any money.'

Article source: MetaEra

Article author: Lesley, MetaEra

At the 'Shanghai-Hong Kong Mutual Cooperation and Joint Contribution to Web3 - Shanghai-Hong Kong Web3 Complementary Cooperation Development Conference' on July 19, MetaEra's CEO Jessica had an in-depth dialogue with Long Fan, professor and founder of Conflux, 'China's only compliant public chain.'

Long Fan graduated from Tsinghua University’s Yao Class, then went to the Massachusetts Institute of Technology (MIT) to pursue a PhD in computer science, and is now a professor in the computer science department at the University of Toronto, with outstanding academic achievements. During this conversation, Long Fan reviewed the growth of Conflux and delved into the future development direction of the blockchain industry, especially how to balance technological innovation and compliance, and promote the healthy development of the entire industry against the backdrop of increasingly strict global digital currency regulation.

Article source: Foresight News

Author: KarenZ, Foresight News

Tether CEO Paolo Ardoino disclosed on July 23 that 'its portfolio covers over 120 companies, and this number is expected to grow significantly in the coming months and even years. These investments are sourced from Tether's own profits (with a profit of $13.7 billion in 2024), completely isolated from USDT (and other stablecoin) reserves, falling under the business scope of Tether Investments.'

Tether Investments is a company established under the laws of the Republic of El Salvador, focusing on strategic investments that intersect technology, infrastructure, and practical utility in various fields. Its portfolio covers artificial intelligence, financial services, energy, biotechnology, education, and digital media, and holds strategic equity in industries such as commodities, remittances, sports, and entertainment, extending its reach beyond stablecoins.

Article reprinted from: Lawyer Xiao Za

Author: Lawyer Xiao Za team

In recent years, with the development of blockchain technology and the continuous improvement of the regulatory framework, the tokenization of RWA (Real World Assets) has gradually become a focus of attention in the financial market, with Hong Kong, the United States, Singapore, and other places responding and attempting to varying degrees. At the same time, traditional IPO (Initial Public Offering) remains an important way for companies to raise funds. So, what are the similarities and differences between RWA and IPO? What are their respective advantages? How should companies choose? The Xiao Za team will discuss the relationship between the two today, aiming to provide references for companies with different needs in choosing financing paths.

Article source: Tim

Author: Jonaso

Translated by: Tim, PANews

Recently, we have all witnessed the explosive rise of ENA, with not only the price soaring but also capturing attention rapidly, showcasing an astonishing speed of ascension.

But what most people don't realize is that the main catalyst has yet to emerge: the fee switch.

The rise of a new giant in stablecoins

In less than a year, the supply of USDe has surged from $0 to over $6 billion, surpassing DAI to become the third-largest decentralized stablecoin, behind only USDT and USDC.

The annualized yield of sUSDe has reached 10%, making it the highest sustainable yield in the current cryptocurrency space. The surge in yields is driving the development of aggressive cyclical arbitrage strategies on Aave and other decentralized platforms.

Article Source: Felix

Author: Coingecko

Compiled by: Felix, PANews

The crypto market seems to be entering an active growth phase. Bitcoin's price increase has driven the rise of the entire crypto market. However, every investor asks one question: When will the bull market end, and when should profits be locked in? Perhaps market cycles and liquidity layers can provide answers.

Market cycles are a recurring phenomenon in the financial realm, and cryptocurrency is no exception. These cycles reflect the liquidity between different asset types and the changes in investor behavior over time.