Blockchain

This article explores how stablecoins can reshape the monetary base through the "narrow banking model." It analyzes their interference with commercial bank deposits and the Federal Reserve's monetary policy transmission mechanisms. It also assesses the potential integration and competition between stablecoins and fractional reserve banking systems, as well as their interaction with the development paths of Central Bank Digital Currencies (CBDCs).

Plastic Labs has announced the completion of a $5.35 million Pre-Seed funding round and launched its personalized AI identity platform, Honcho. Honcho aims to provide personalized solutions for large language model (LLM) applications, helping developers easily implement personalization through a plug-and-play approach. It addresses the common challenge developers face of building user modeling from scratch by offering rich and persistent user profiles.

This article provides an in-depth analysis of how BitBonds incorporate Bitcoin into the U.S. Treasury system through a "budget-neutral" approach. It explores the potential implications for fiscal stability, the crypto market, and the global financial order, revealing practical pathways and risk boundaries in the fusion of cryptocurrency with sovereign credit.

The 2008 financial crisis gave birth to the earliest believers in Bitcoin. The "suicide" of the legal currency system in 2025 will also promote the growth of stablecoins on the chain, especially non-USD, non-full reserve interest-bearing stablecoins (YBS, Yield-Bearing Stablecoins). However, non-full-reserve stablecoins are still theoretically envisioned, and the aftermath of the Luna-UST collapse in 2022 is still lingering. However, driven by capital efficiency, partial-reserve stablecoins will definitely become the mainstream of the market. Non-US dollar stablecoins are still in the experimental stage, and the global currency status of the US dollar is still widely recognized. In order to maintain industrial production capacity and employment, the RMB will not actively internationalize on a large scale, and replacing the US dollar will be a very long process.

Gate Research (April 11–17, 2025): April 14, Solana raises block computation limit and upgrades network performance. April 15, EigenLayer launches mainnet slashing. April 16, Polygon’s AggLayer builds a “value internet.” April 17, Sony Soneium and EigenLayer slash blockchain finality time by 98%, setting a new L2 benchmark.

KernelDAO enhances blockchain security and staking efficiency through restaking, liquid staking, and automated yield strategies.

AminoChain is a blockchain-based platform designed to improve biobanking by connecting medical institutions and researchers in a decentralized network. It facilitates secure and transparent sharing of biospecimens while enabling patients to retain control over their samples. The platform enhances the efficiency of medical research through streamlined collaboration and access to data.

IMPT is a blockchain-based platform focused on carbon offsetting and sustainable shopping through tokenized carbon credits.

Telcoin (TEL) is a blockchain-based platform aiming to make affordable remittances accessible via mobile networks and decentralized finance solutions.

Explore Definitive (EDGE), a non-custodial platform for advanced on-chain trading, liquidity aggregation, and token-based incentives.

XUSD is a fully-backed, USD-pegged stablecoin issued by StraitsX, a payment infrastructure company for digital assets based in Southeast Asia and regulated by the Monetary Authority of Singapore (MAS)

Vitalik's new work, a systematic discourse on the value of digital privacy, explores how privacy underpins freedom, order, and technological progress. It is an important piece of thought literature in the era of AI and blockchain.

MANTRA's OM token experienced a catastrophic 90% crash, plummeting from $5.21 to $0.50, in what appears to be more than just a technical failure. The article details MANTRA's controversial history, including centralized token control with 90% of tokens in a single wallet, alleged OTC fundraising schemes, and legal disputes in Hong Kong. The crash was reportedly triggered by forced liquidations resulting in $66.97 million in liquidations and strategic investors' exodus, with 43.6 million OM tokens being transferred to exchanges before the crash.

Alliance DAO’s investments in 28 Web3 consumer-facing apps—spanning lifestyle, gaming, crypto speculation, SocialFi, creator tools, financial services, and utility platforms—showcase its thesis and strategic approach in this fast-growing vertical. This report unpacks the core paradigms, challenges, and opportunities shaping the Web3 consumer app landscape, and explores how we should define and evaluate success in this category.

In the race for funding and hype, many projects exaggerate lab metrics—sacrificing decentralization, security, and practical usability in the process. This article argues that blockchain teams should shift focus back to meaningful applications and scale their solutions around real-world use cases, not vanity numbers.