Weekly Highlights in the Web3 Industry

This week, the Web3 industry is bustling with hot topics and significant progress in multiple areas. Institutional entry and regulatory approval have driven the strong rise of Ethereum, while expectations of interest rate cuts from the Federal Reserve have boosted market confidence. The MEME coin market is highly competitive, with WIF losing its throne and $PUMP rising against the trend. In the AI sector, OpenAI has released the most powerful model, GPT-5, with significantly improved performance.

At the macro level, liquidity has become a decisive factor, and Bitcoin may peak in September. Several crypto institutions have released financial reports, with Strategy and Tether performing outstandingly. Solana is positioning itself as the "on-chain Nasdaq," and the AI narrative is gaining significant attention.

Stablecoins and the DeFi sector are also seeing new developments. Several "national-level" public chains in China are competing for stablecoin technology foundations, and Treehouse is ushering in a new era of fixed income. Polygon ID has been renamed to Billions and secured $30 million in financing to deepen its focus on digital identity.

In addition, Meta is returning to the stablecoin business, while the "Godfather of DeFi" is operating the RWA platform Superstate. Japanese listed companies are launching a Bitcoin buying spree, and cryptocurrency exchanges are increasing their presence on social platforms like Xiaohongshu. Hong Kong's stablecoin regulation has attracted attention, and the story of on-chain detective ZachXBT is noteworthy.

It is worth noting that Trump intends to promote 401(k) investable cryptocurrencies, Google DeepMind has released an interactive world model called Genie 3. The RWA registration platform has launched in Hong Kong, and Tether's CEO claims that USDt contributes 40% of blockchain transaction fees. The new guidelines from the US SEC state that liquid staking is not under the jurisdiction of securities laws, and Vitalik has proposed future development directions for Layer 2.

In summary, the Web3 industry made significant progress in multiple areas this week, driven by various factors including institutional participation, regulatory attitudes, and technological innovations.