Weekly Web3 Highlights Review

Macroscopic Perspective

After Bitcoin breaks $110,000, market trend analysis

After the price of Bitcoin broke through $110,000, the market showed a golden cross signal. However, historical experience suggests that this may be a trap. Investors should be cautious and carefully assess the future market direction.

Changes in the South Korean political arena may affect cryptocurrency policies.

With Lee Jae-myung's rise in the South Korean political scene, the country's policies on cryptocurrency assets may undergo significant adjustments. This not only reflects a shift in South Korea's political landscape but also brings new possibilities for the crypto market.

Singapore tightens cryptocurrency regulations

The Monetary Authority of Singapore has issued 33 digital payment token service major payment institution licenses. This marks the official arrival of the cryptocurrency regulatory era in Singapore, and small businesses will face greater challenges.

Concerns Arise Over Cryptocurrency Investment Strategies of Publicly Listed Companies

Some publicly listed companies are emulating a well-known tech company by incorporating Bitcoin into their corporate treasury. However, this high-premium investment strategy harbors leverage risks, raising concerns among industry insiders that it may replay the scenario of a certain Bitcoin trust fund.

Gold Price Forecast Report Sparks Attention

A gold investment report predicts that by the end of 2030, the price of gold could reach $8,900. At the same time, the report also indicates that the market value of Bitcoin could reach 50% of that of gold, which means the price of Bitcoin would need to rise to approximately $900,000.

AI and Meme Coin Updates

Solana ecosystem risk aversion sentiment is rising

Rumors about a certain platform issuing tokens have caused a significant drop in Meme coins within the Solana ecosystem, and market risk aversion has rapidly spread. This event once again highlights the vulnerability of the Solana ecosystem.

The emerging AI training platform Flock has attracted attention.

Flock is regarded as a combination of multiple AI projects, providing new possibilities for AI application development.

The Evolution of Meme Coin Investment Logic

From the decline of pure Meme coins to the rise of income capture models, the logic of crypto investment is changing. Investors need to adapt to this new trend.

Emerging Projects and Opportunities

Plasma: A Blockchain Exclusively for Stablecoins

The Plasma project aims to create a Bitcoin-based sidechain that is also compatible with the Ethereum Virtual Machine, in order to address issues of high fees and centralization.

Solana launches identity verification service

The identity authentication service launched by Solana is different from oracles, as the former focuses on off-chain subjective or conditional trust, while the latter focuses on objective facts.

BNB Chain ecological opportunities

The BNB Chain ecosystem has shown strong growth recently, bringing potential opportunities for investors.

OpenSea's token issuance has attracted attention

The NFT trading platform OpenSea has finally issued its own token, which could be the last wave of liquidity opportunities in the NFT sector.

Web3 Industry Trends

Wave of Crypto Companies Going Public

So far, 45 cryptocurrency-related companies have successfully gone public, indicating an increased recognition of the cryptocurrency industry by traditional financial markets.

Ethereum Foundation reorganization

In the face of external skepticism, the Ethereum Foundation is undergoing deep organizational adjustments to improve efficiency and enhance governance structures.

Controversy Arises from Crypto Dark Pool Trading

The former CEO of a trading platform proposed the construction of a dark pool perpetual contract DEX, which has drawn market attention to dark pool trading.

Circle's market performance is outstanding.

Stablecoin issuer Circle performed strongly on its first day of trading on Nasdaq, triggering circuit breakers multiple times and providing substantial returns for early investors.

Injective ecosystem growth

The public chain project Injective has seen a surge in data recently, with a net capital inflow of approximately $142 million in the past 30 days, second only to Ethereum.

Important News Summary

• The recent pullback of Bitcoin is considered a "healthy reset".
• A certain social media platform has launched an XChat feature that supports encryption.
• Beijing Public Security Innovation in Handling Mechanism for Involved Tokens
• Federal Reserve Board member expresses opposition to CBDC
• Russia launches Bitcoin futures trading
• The Hong Kong stablecoin regulatory guidelines will take effect on August 1.