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The U.S. Senate passed the GENIUS Act, making significant progress in stablecoin regulation.
The U.S. Senate recently passed the landmark "GENIUS Act," marking the first time the Senate has approved significant cryptocurrency legislation. The bill advances the federal government's efforts to regulate stablecoins and pressures the House of Representatives to plan the next phase of national regulation for digital assets.
The main sponsor of the bill expressed gratitude to some of his Senate colleagues before the official vote. Less than a week ago, lawmakers passed the bill by an overwhelming majority, and most expected it to be approved.
Next, the House needs to decide how to advance related legislation. In April of this year, the House Financial Services Committee introduced its own stablecoin legislation - the "Stablecoin Transparency and Accountability to Promote a Better Ledger Economy Act." However, the bill has not yet been submitted for a full House vote.
The cryptocurrency market is going

Last week, there were 20 investment and financing events in the global blockchain industry, with a total scale exceeding $568 million. The DeFi and CeFi sectors performed remarkably. For instance, IOST secured $21 million in financing, SharpLink Gaming completed a $425 million private sale, and Sygnum raised $58 million. Overall, the inflow of funds has significantly increased.

Recent sentiment in the crypto market remains weak, but the demand for asset store of value is strong. Expectations of interest rate hikes in the U.S. and increased market fluctuation have attracted both retail and institutional investors to Crypto Assets. Several countries are strengthening regulations and launching new products, showing support and adaptation to crypto assets. Geopolitical tensions and economic uncertainty continue to be the focus of market attention.

With the development of large model technology, the financial industry has undergone a transformative exploration from initial anxiety to rational return. Banks have begun to pay attention to the application of large models, explicitly proposing relevant strategies and promoting the implementation of technology. Despite facing challenges such as data compliance and talent shortages, financial institutions are gradually realizing the application of large models in scenarios such as smart office and intelligent customer service by introducing public cloud services and establishing data governance systems. At the same time, the talent structure in the industry is also adjusting to meet the demand for professional capabilities brought about by new technologies.

GameFi is the combination of Decentralized Finance, NFT, and Blockchain games. After the 1.0 and 2.0 eras, it is developing towards a mature 3.0 era. The future trend is fully on-chain gaming and cross-industry integration, with high-quality IP and playability being the key to its success.

Bitcoin Finance ( BTC Fi ) Comprehensive Analysis: From Lending to Staking, Building a Mobile Bitcoin Bank
As Bitcoin's position in the financial market continues to strengthen, BTCFi( Bitcoin finance) is rapidly becoming the forefront of cryptocurrency innovation. BTCFi encompasses a range of Bitcoin-based financial services, including lending, stake, trading, and derivatives. This article delves into multiple key tracks of BTCFi, exploring stablecoins, lending services, stake services, re-staking services, and the combination of centralized and decentralized finance( CeDeFi).
Overview of the BTCFi Track
BTCFi( Bitcoin Finance) is like a mobile Bitcoin bank, a series of financial activities centered around Bitcoin, including Bitcoin lending, stake, trading, futures, and derivatives. According to relevant data, the market size of BTCFi has reached approximately 100 in 2023.

The Rise of SATS: The New Darling in the Bitcoin Ecosystem
Recently, SATS has been performing remarkably in the cryptocurrency market, with its increase exceeding 200% since Bitcoin hit bottom and rebounded on July 5th. This not only makes it the best-performing asset in the inscription track but also ranks it among the top in the overall market rebound. The outstanding performance of SATS stems from significant changes in its fundamentals and the market reaction after long-term accumulation. In the next two months, SATS is likely to continue being a focal point worth close attention in the Bitcoin ecosystem.
SATS as a new role for Gas fees
A decentralized exchange is developing brc20

This article introduces an interactive guide for the Testnet of a highly funded EVM compatible public chain project, including steps for installing a Wallet, creating an Address, obtaining test Tokens, and conducting interaction tests, while emphasizing the importance of continuously following such projects.

Ethereum Spot ETF: Opportunities and Challenges Coexist
Since June 2024, eight asset management firms have submitted applications for Ethereum Spot ETFs to the U.S. Securities and Exchange Commission ( SEC ), attracting widespread attention from the market. This move has not only triggered the nerves of industry professionals but has also caused frequent fluctuations in ETH's market value due to related news. In light of this situation, should investors actively position themselves or maintain a wait-and-see attitude?
Digital assets integrate into mainstream financial markets
One of the important significances of issuing cryptocurrency ETFs is to incorporate digital assets into the mainstream financial trading system. The Chief Investment Officer of an asset management company believes that this marks the birth of a new class of assets. He stated that cryptocurrency ETFs are a process of continuous development, and the successful issuance and good trading performance of the Bitcoin ETF in January 2024 provide a positive signal for future development.
Data shows that the Bitcoin ETF in the United States

Recently, the crypto assets market has been active. The Pudgy Penguins NFT project has sparked discussions, and the new platform Pump.fun is about to launch. The $kori token has gone viral on TikTok, and the "Wangcai" concept is popular in the Chinese community. Investment should be cautious, especially for high-risk PVP projects.

By the fourth quarter of 2024, the scale of the Crypto Assets lending market has reached $36.5 billion, with DeFi lending significantly rising to $19.1 billion, demonstrating strong potential. Although the overall market has declined from its peak, CeFi is expected to become more institutionalized, and DeFi is likely to innovate and develop.

With the development of blockchain technology, local governments in China are actively laying out plans, especially in Xiongan New Area, Hainan Free Trade Zone, and Guizhou, which are leading the way. They are promoting the application and development of blockchain through smart city construction, empowering the real economy, and leveraging big data advantages, forming unique development strategies.

Recent research has revealed the concentration issue of a specific crypto asset, showing that about 28% of the circulating supply is concentrated in a single address, with the top 20 holders controlling nearly 50% of the supply. This high concentration raises concerns about security and fluctuation, prompting investors and regulators to focus on the balanced distribution of tokens.

Challenges and Opportunities in the Encryption Infrastructure Industry
The cryptocurrency infrastructure sector is experiencing significant market weakness. After years of rapid growth, the valuations of infrastructure projects have started to decline, and investor sentiment has become more cautious. This reflects the increasing maturity of the market, where relying solely on technological innovation has become difficult to achieve high valuations.
The main dilemma facing current infrastructure projects is severe homogenization and insufficient differentiation. Although there have been technological advancements, there have yet to be breakthrough use cases that support entirely new categories of applications. The encryption ecosystem struggles to provide sufficient value propositions for mature Web2 platforms to migrate to the blockchain. Apart from the decentralization feature, these platforms have little motivation to fundamentally change their existing operational models. This fundamental adoption barrier results in trading and speculation still being the dominant applications of most infrastructure layers, limiting the transformative potential of the field.
Many infrastructure projects focus too much on forward-looking technological innovations, but do not

Blockchain technology is centered around the base chain, featuring characteristics such as immutability and decentralization. Blockchain projects can be divided into coins and tokens. The base chain has gone through three development stages, represented by Bitcoin in the 1.0 era, Ethereum in the 2.0 era, and EOS and others in the 3.0 era. When investing, it is necessary to discern the value of AppChains and base chains, and to be wary of tokens in the market that have no substantive value.