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
With the Senate passing the bill, what are the hurdles for the GENIUS Act to become a formal law? What legislative procedures need to be completed? What clauses are the focus of debate among lawmakers? PANews sorted out its core links.
Hong Kong regulators have conducted certain supervision and testing on the operation plans of the three issuers in the stablecoin sandbox. Councillor Qiu Dagen expressed support for the establishment of stablecoins anchored to the Hong Kong dollar and the renminbi, strengthening Hong Kong as a digital bridge connecting the mainland and other countries, and advocating the government to issue licenses flexibly and speed up the approval process.
BTC enters a "step-by-step" upward trend, is $160,000 within reach?
Analyst Willy Woo predicts that BTC’s compound annual growth rate will stabilize at 8%.
After a long period of depression, the market hopes to prove that Ethereum is still a low-value asset through this rebound, and the Pectra upgrade seems to provide evidence for this narrative. PANews attempts to outline the current true state of Ethereum through a comprehensive interpretation of Ethereum data. An Ethereum that is undergoing value reconstruction is gradually emerging.
From two pizzas to $100,000 per coin, here are 27 key drivers of Bitcoin's 16-year rise
Let us review together, who pushed Bitcoin from a "pizza voucher" to the top of the global asset today?
AI and Meme
Labubu successfully "entered the US", and the MEME coin with the same name LABUBU was hyped again
From being sold out in seconds on domestic e-commerce platforms to queues all night long at overseas flagship stores, from being the center of street snaps to being swiped on social media, Labubu is evolving into a cross-border cultural meme that is spreading rapidly. Behind this global trend, not only does it accurately hit the deep desire of young people to release their personality and express their emotions, it has also become an alternative asset that the capital market is competing for attention. Not only is the traditional collection circle flocking to it, but even the crypto world is also blowing the Labubu trend.
From concept to application, review of 5 waves of AI track hype
Let’s review the five waves of AI development in WEB3 in recent years and find the best potential targets.
FBI raid, death threats... meme coin endorsement turns into a nightmare
Haliey Welch, an internet celebrity who became famous overnight, admitted that this experience made her "almost go to jail" and caused countless fans who trusted her to lose all their money.
Coinbase Venture: Overview of the full track and business model of on-chain AI
On-chain AI expands the crypto space to potentially billions of AI-powered participants.
Luxurious team + top VC, how should the star project Sahara AI interact?
From AI asset registration to Sahara Legends gamification quests.
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
Monsters is one of the few projects that has received official support from Abstract.
There is a preliminary consensus on multiple LRC20 tokens, and the early ecosystem already has a sense of BRC20.
Just focus on earning points, and aim for high-demand items.
Web3
I think for market makers, disclosing information is ultimately very beneficial. I think it will help normalize the market because it's all about creating norms.
Recently, Abraxas Capital has become a focus of attention in this round of rebound due to its high-frequency on-chain operations and heavy Ethereum DeFi strategy. It is a London-based asset management company with an asset size of over US$3 billion. Its core investment platform Heka Funds mainly engages in stablecoin arbitrage and is one of Tether's largest institutional clients.
The algorithmic "tight ring": Kaito's game of thrones
Kaito may be making the criteria for judging content creation monotonous, binding creators into a system oriented towards "algorithms" and "scores".
Including games such as Nyan Heroes, Mystery Society, etc.
Bancor sues Uniswap for infringement: Is the free and open spirit of the crypto world gone?
Technology ownership, open source spirit and commercial interests collide in the on-chain world. Who will define the future of DeFi? Let us walk into this storm of code and court.
The controversy over "centralized public chains" has started since the last cycle of Solana, and some community members have pointed out that "anti-censorship properties" are not the most important properties for current crypto investors. In a world where return rate is still the goal and core, perhaps "pulling the market" is justice.
From two pizzas to $100,000 per coin, here are 27 key drivers of Bitcoin's 16-year rise
Let us review together who pushed Bitcoin from a "pizza voucher" to the top of the global asset today.
The $TRUMP dinner has attracted widespread attention in the crypto market. Although the guest list is mostly anonymous, seven details of this crypto political dinner can still be pieced together from public information and on-site reports. For example, the top 220 holders spent an average of $1.78 million each, with the lowest cost being only about $1,200.
As one of the most important forms of asset accumulation, stablecoins are not only an indicator of changes in asset flows, but also an important indicator of the market recognition of public chains. PANews analyzed the stablecoin data of the top 12 public chains, trying to outline a panoramic picture of the development of public chain stablecoins.
Key Information
Source: Societe Generale to launch world’s first bank-issued USD stablecoin on Ethereum
Tether’s holdings of U.S. Treasuries surpass Germany’s at $111.4 billion
Kraken to offer over 50 tokenized stocks and ETFs, including Apple, Tesla, and Nvidia
Wall Street Journal: Several large U.S. banks discuss jointly issuing stablecoins
The "Trump Coin Dinner" will be held in the early morning of the 23rd Beijing time
