Weekly highlights: The situation in the Middle East cools down, the Fed takes a dovish stance; Hong Kong launches crypto policy 2.0; the concept of "coin stocks" is still popular

  • Middle East Tensions Ease & Fed's Dovish Stance: Geopolitical tensions in the Middle East cooled, and the Federal Reserve adopted a dovish stance, contributing to a V-shaped rebound in the crypto market.
  • Hong Kong's Crypto Policy 2.0: Hong Kong launched its updated digital asset policy, focusing on stablecoins and real-world assets (RWA), with over 40 institutions already participating.
  • Mastercard Enters Crypto: Mastercard announced on-chain cryptocurrency purchase services, advancing its crypto strategy from experimentation to practical implementation.
  • Bitcoin's "State HODL" in Texas: Texas passed bills to accumulate Bitcoin at the state level, including using public funds and authorizing law enforcement to seize crypto assets.
  • AI & Web3 Convergence: Projects are integrating AI to enhance competitiveness, while Apple's AI strategy faces criticism for underdelivering.
  • Meme and Crypto Stocks: The "coin stocks" trend remains popular, with Circle and MicroStrategy leading the hype, while Solana ecosystem airdrops attract attention.
  • Crypto Market Trends: Bitcoin's dominance rises, but bearish signals persist; stablecoin transaction volumes surpass BTC and ETH.
  • Regulatory and Institutional Moves: Guotai Junan International approved for crypto trading, Barclays bans crypto credit card transactions, and China Renaissance invests $100M in Web3.
  • Scams and Controversies: Celestia faces scrutiny over executive cash-outs, while a $50M "discount token OTC" scam highlights risks in the crypto space.
  • Innovations and Warnings: New protocols like Codex aim to solve stablecoin exchange issues, while analysts warn of systemic risks from stablecoin runs.

Key developments span macro trends, regulatory shifts, and emerging risks in the crypto and Web3 landscape.

Summary

PANews Editor's Note: PANews has selected a week's worth of high-quality content to help you fill in the gaps during the weekend. Just click on the title to read.

Macro perspective

Hong Kong Web3 system upgrade: Policy 2.0 is implemented, stablecoins and RWA become the focus, and more than 40 institutions have taken the lead

On June 26, the Hong Kong Special Administrative Region Government issued the "Hong Kong Digital Asset Development Policy Declaration 2.0", which made detailed deployments based on the initiatives proposed in the first policy declaration in October 2022, focusing more on practical applications and ecological construction, and reaffirming the SAR government's commitment to building Hong Kong into a global innovation center in the field of digital assets.

Another giant is coming! Mastercard opens the channel for buying coins on the chain, focusing on the three major encryption strategies and entering the practical stage

On June 24, payment giant Mastercard announced that it will provide on-chain cryptocurrency purchase services to further promote the mainstreaming of crypto payments. In fact, in recent years, Mastercard has been continuously deepening its crypto strategic layout, and has moved from experimental exploration to the actual implementation stage, becoming a key part of its global financial landscape.

Trump suddenly announced a ceasefire between Iran and Israel, and Bitcoin rebounded violently

The geopolitical situation in the Middle East took a 180-degree turn, and before leveraged players could react, the market reversed.

How Tim Draper, the father of Silicon Valley venture capital and the "enlightener" of Pop Mart's angel investor Mai Gang, bet on Bitcoin and the next era

Mai Gang's "vision" is partly due to his "enlightener" during his early years studying in the United States - Tim Draper, a well-known Silicon Valley venture capitalist. The projects invested by Tim Draper have promoted some of the most innovative developments in the market today, including Skype, Baidu, Hotmail, Tesla, etc. Tim Draper is also an early and firm believer in Bitcoin.

Bitcoin's "State HODL" is now online. Why is Texas the first stop?

Texas has passed two bills to start a state-level Bitcoin accumulation strategy: on the one hand, it uses public funds to purchase Bitcoin and establish an independent reserve fund; on the other hand, it authorizes law enforcement agencies to confiscate the crypto assets involved in the case and lock them up for a long time. This two-track strategy aims to strengthen the scarcity of Bitcoin, attract top crypto industries, and set a model for state-level digital asset regulation through the deep binding of energy and mining.

AI and Meme

AI × Web3: Who will build the chain for this era?

No matter which route the project takes, it will eventually enter the collaborative logic of AI and use AI to improve competitiveness and efficiency.

Apple's AI strategy is questioned: the gap between promise and fulfillment, can the slow pace catch up?

Critics say Apple's AI strategy overpromises and underdelivers.

InfoFi in-depth research report: Attention finance experiment in the AI era

Information financialization (InfoFi) is an underlying paradigm shift that uses blockchain, token incentives, and AI empowerment as its technical foundation and aims to "reshape the value of attention."

PANews' account [MEME Daily] will select the hot memes of the day for readers to understand the track situation. Click here to view.

Seize the opportunity

Seven Early Airdrop Opportunities for Solana Ecosystem

The hot project Fragmetric is about to be completed, where should the funds be moved?

What are the "coin stocks" narratives hyping? Sorting out the hottest cryptocurrency concept targets in the US stock market

Circle and MicroStrategy have sparked a frenzy for cryptocurrency stocks. What other companies are worth paying attention to?

Coinbase deep integration + JPMorgan Chase pilot, which projects are worth paying attention to?

Briefly analyze the recent important developments of the Base chain and sort out the projects in the current ecosystem that are worth paying attention to.

What are the best crypto investments for the next 3-5 years?

Take stock of the opinions and choices of well-known figures in the industry and see if there are any investment targets that you like.

The youngest public chain to launch USDC? Stablecoin public chain Codex has built-in compliance solutions to solve the exchange problem

Codex core features: T+0 foreign exchange, atomic withdrawal channel, and risk-free payment to build new infrastructure.

New protocols are flooding, 7 tools to help you find Alpha projects

The current crypto market's enthusiasm for chasing new projects has dropped to the lowest point since 2018, and most projects remain at the stage of incremental optimization. This article shares 7 major tools and evaluation dimensions to help you capture the next Aave-level potential project from on-chain data and mind share.

Decoding the bottom signal: The crash and rebound scenario of the crypto market

The purpose of this article is to help everyone identify key signals in the market. We need to understand the psychological mechanism behind risk and use this advantage to identify potential market bottoms.

Web3

Celestia was questioned by multiple reports, and its capital reserve of over 100 million US dollars could not stop the ecological decline

Recently, a long post exposed the controversy of Celestia executives cashing out, profit transfer and public opinion manipulation, which made this star project fall into public doubt. Although its co-founder responded that these remarks were FUD, it is an undeniable fact that Celestia's ecological activity and token performance have both plummeted, the market enthusiasm has cooled sharply, and the modular narrative is facing severe tests.

From a crypto-quant giant to an infrastructure hermit, Jump Crypto's "redemption-style" transformation

Jump Crypto, a high-frequency trading giant that was once at the center of controversy, has quietly exited the market amid a series of violent storms. Today, this secretive force that once dominated on-chain liquidity is trying to return to the center of the stage as a "crypto infrastructure builder" and has rarely disclosed its progress in lobbying for U.S. crypto policies.

An in-depth look at the “discount token OTC” scam: How did VCs and whales lose $50 million in a few months?

Despite early warning signs and public warnings, trust, greed, and so-called social "proof" became powerful weapons in the hands of scammers.

The “Phantom” on the Chain: Huiwang Payment Behind the Circulation of Over 55 Billion USDT

As the global fight against online fraud, underground payment networks and illegal cross-border money laundering continues to intensify, a platform called HuionePay has attracted great attention from regulators.

The new reality after the halving narrative is disillusioned: Bitcoin slow bull, MEME Shura field, technology death valley, hot spot blitzkrieg

The "four-year cycle" theory is completely outdated! If you are still holding on to your sudden wealth and still fantasizing about the "opportunity to win ten or a hundred times in a bull market", you may have been completely abandoned by the market.

US government giants plan to accept Bitcoin mortgages, and the private market has tested $65 million

Explosion! Bitcoin is about to be "incorporated" into the US mortgage system...

Exclusive interview with Ella Zhang, head of YZi Labs: Empathy, barbell investing and long-termism

YZi Labs' investors use empathy as a boat to understand the needs of entrepreneurs and the stories behind them; they use long-termism as an anchor to accompany those persistence that are not easy to see but worth cherishing.

$23 million of DAO funds are suspected of being manipulated and transferred, and the Across team is exposed to the "self-trading" scandal

The insider threats faced by crypto investors are far greater than the threats from outsiders (such as hackers).

Key Information

Guotai Junan International is approved to provide cryptocurrency and other virtual asset trading services

Li Lin purchased 5.9% of Tiger Brokers shares through his company Avenir Tech

Yuyuan Tantian: The run on stablecoins will become the spark that ignites a systemic financial crisis in the United States

Animoca Brands flagship project Moca Network will launch digital identity L1 chain

Analysis: Bitcoin market dominance surges, but two indicators warn of a bear market

Barclays Bank’s Barclaycard will ban users from using its credit cards for cryptocurrency transactions starting June 27

China Renaissance Capital announces $100 million investment in Web3.0 and cryptocurrency

The central bank and six other departments: encourage pilot areas to actively and steadily promote digital RMB in the consumer sector

CZ responds to BNB market expansion, stressing that BNB has no direct relationship with Binance

Since June, the average daily transaction volume of US dollar stablecoins has exceeded that of BTC and ETH. Standard Chartered said that stablecoin issuers may become the second largest buyer of US debt within three years

Polymarket is about to complete a round of financing of nearly $200 million, and the company's valuation exceeds $1 billion

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Author: 一周精选

This article represents the views of PANews columnist and does not represent PANews' position or legal liability.

The article and opinions do not constitute investment advice

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