Weekly Web3 Highlights Review

Macroscopic Perspective

SoftBank Group is considering partnering with Cantor Fitzgerald to jointly establish a cryptocurrency joint venture with the largest stablecoin issuer, with a total scale potentially reaching $3 billion. This move is seen as a signal that the Bitcoin accumulation strategy is entering the 2.0 era.

Paul Atkins is expected to lead the SEC, an action seen as a turning point for U.S. crypto regulation. Market confidence in the dollar is declining, and capital is beginning to favor alternative assets such as gold and Bitcoin.

The crypto market may experience a trend reversal, with more opportunities for upward movement in the short term. Bitcoin's price has retraced from $100,000 to $75,000, but analysts believe that if the traditional market does not deteriorate further, Bitcoin could reach a new high in the third or early fourth quarter of this year.

Trends in AI and Meme Coins

Data from TRUMP token holdings shows that 86.9% of large holders have chosen to liquidate their positions in the past three months, with some investors facing losses exceeding 30 million USD.

The AI token market has entered the second half, and some emerging projects are beginning to stand out. Virtuals Protocol has launched a new token launch mechanism called Genesis Launch on the Base chain, aimed at changing the traditional token distribution rules.

DARK, as an AI-themed meme coin, has attracted attention, and its highly concentrated chip distribution has become the focus of the market. The launch of the auto.fun platform may become a new growth point for the ai16z ecosystem.

Project Highlights

Ambient, as a fork chain of Solana, retains high speed and efficiency characteristics while introducing the PoL consensus mechanism, creating a brand new blockchain ecosystem.

The Bitcoin ecosystem welcomes Runes 2.0: Alkanes & RSM, which is expected to become the next ORDI. The Neutrl project innovatively uses the stablecoins deposited by users to short VC coins.

The success of BONK provides investors with a reference for choosing quality altcoins during the market recovery period.

Industry News

The meme coin marketing strategy launched by Trump has sparked controversy, with the authenticity of the "Presidential Dinner" event being questioned.

Upexi, a publicly traded company in the US stock market, has secured $100 million in funding in the cryptocurrency sector and is betting on the Solana ecosystem.

The Zora project’s token distribution has faced community dissatisfaction, with early users feeling "stabbed in the back"; the average airdrop was only $37.

Synthetix is facing a de-pegging dilemma with sUSD, creating arbitrage opportunities in the market.

Binance Wallet IDO has become a new choice for the cold start of Web3 projects, but it places higher demands on project operations.

The competition in the RWA track is intense, and Ethereum maintains its leading position in this field.

Technological Innovation

Vitalik proposed to reconstruct the Ethereum execution layer using RISC-V, aiming to build a modular architecture compatible with multiple virtual machines.

The Ethereum governance system faces choices regarding proposals such as EIP3074, ERC4337, and EIP7702.

On-chain messaging has become an important means of handling incidents of stolen crypto assets.

The Thunderbolt protocol reconstructs the off-chain interaction logic of the Bitcoin network through a soft fork, bringing new possibilities for BTCFi.

Market Dynamics

Twenty One announced that it holds over 42,000 BTC.

Trump stated that he would significantly reduce tariffs on imports from China.

The founder of Telegram emphasized that he will not compromise on cryptocurrency technology to comply with regulations.

The United States may disclose details of its strategic Bitcoin reserves in the near future.

The founder of Cardano expressed doubts about the long-term viability of Ethereum.

Russia plans to pilot the establishment of a cryptocurrency exchange, open only to high-net-worth investors.

FLock.io announced a partnership with Alibaba Cloud to develop AI models, leading to a significant increase in the price of FLOCK token.