Weekly Highlights of Web3

Macroeconomic Trends

The US GENIUS stablecoin bill has passed in the Senate and now needs to be approved by the House of Representatives and the President. The stablecoin associated with the Trump family has become one of the focal points of controversy. In Hong Kong, stablecoin legislation has been passed, and several tech companies are poised to take action, with the renminbi stablecoin likely to be incorporated into the regulatory system.

The price of Bitcoin is showing a "stair-step" upward trend, with analysts predicting its compound annual growth rate to stabilize at around 8%. The Ethereum ecosystem is undergoing a value reconstruction, but there is unevenness across different sectors. Looking back at Bitcoin's development over 16 years, 27 key figures have made significant contributions to its rise.

AI and Meme Trends

Labubu dolls have become popular worldwide, and the related token LABUBU has also been speculated on. The AI field has gone through several rounds of hype, gradually moving from concept to application. The on-chain AI sector is attracting the attention of many investors, with institutions like Coinbase Venture already laying out the entire industry chain.

However, endorsing meme coins also carries risks. A social media influencer faced an FBI investigation and death threats due to endorsing a meme coin, resulting in significant losses for fans.

Investment Opportunity

The abstract ecological project Monsters has received official support and is viewed as a deterministic opportunity. The new Bitcoin L2 project Spark has received investments from a16z and others, with the ecosystem starting to take shape. Data analysis of the Virtuals Genesis project shows that the average return for new token offerings is 32 times, and the degree of oversubscription is positively correlated with returns.

Industry Trends

The issue of market maker information disclosure has sparked discussions, with many believing it will help promote market standardization. The newly emerged Ethereum whale Abraxas Capital has attracted attention as it is a major client of a certain stablecoin issuer.

Some Web3 games are facing shutdowns, reflecting the financial difficulties and crisis of confidence in the blockchain gaming industry. Bancor is suing a certain DEX for infringement, triggering a clash between the open-source spirit and commercial interests. A certain public chain ecosystem DEX suffered an oracle attack, losing $260 million, and the official freeze measures have sparked controversy over centralization.

A certain meme coin hosting a banquet has attracted attention, revealing several interesting details. An analysis of 12 mainstream public chain stablecoin ecosystems shows that SUI is growing the fastest, and the issuance of USDT on the Tron network has surpassed that on Ethereum.

Important Information

• A certain smartphone manufacturer is about to ship its second Web3 phone.
• CME launches XRP futures
• Société Générale may launch an Ethereum-based US dollar stablecoin
• SEC Chairman Reflects on Cryptocurrency Regulatory Strategy
• A blockchain founder denies allegations of misappropriating funds
• The scale of U.S. Treasury bonds held by a certain stablecoin issuer exceeds that of Germany.
• Details of a major asset management giant's collaboration with a stablecoin company exposed
• Several major American banks are discussing a joint issuance of stablecoins.