Weekly highlights: The market is in the midst of a stock tokenization boom; the “Big and Beautiful” bill passed Congress, and BTC hit an intraday high of $110,000

Stock Tokenization Boom: Traditional institutions like Robinhood are entering the tokenized stock market, partnering with Arbitrum to launch a Layer2 blockchain for RWA. Challenges include liquidity and regulatory hurdles.
Macro Developments: The "Big and Beautiful" bill passed Congress, boosting market expectations for Fed rate cuts, with BTC hitting $110,000 intraday. Stablecoins are being tested as a solution to the U.S. debt crisis.
AI & Meme Trends: AI implementation shifts from theory to practice, while Meme coins regain momentum. Web3's role in decentralized collaboration grows as AI deepens.
Crypto Opportunities: Projects like Somnia (high-speed L1) and Project Eleven (quantum-resistant Bitcoin security) emerge. Launchpads and Solana's on-chain projects gain traction.
Web3 & Payments: Crypto exchanges compete with payment products like cards and apps. USDT's infrastructure innovations (Plasma, Stable) aim for faster, cheaper transfers.
Key Updates: Vitalik warns against decentralization as a slogan; SEC explores ETF standards; Fed rate cuts expected by September; Singapore tightens crypto regulations.

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.

PANews June 2025 columnist influence and column article popularity rankings are released, click here to view

The stock tokenization boom

Tokenized stocks are the new darling of cryptocurrencies, what about altcoins?

Some people believe that tokenized stocks, as an important innovation in the crypto field, are expected to expand the overall market capital scale and help the crypto ecosystem move from the margins to the mainstream. There are also views that the introduction of high-quality assets may bring severe impacts to narrative-driven altcoins. At present, tokenized stocks are still in the early stages, and multiple challenges such as insufficient liquidity and regulation need to be overcome.

From MEME stocks to on-chain stocks: Robinhood joins hands with Arbitrum to enter the tokenized stock market, builds its own L2 blockchain and gambles on RWA

As stock tokenization becomes a new battlefield in the crypto market, following Coinbase and Kraken, Robinhood officially announced the launch of tokenized stock trading, covering more than 200 US stocks and ETFs, and launched a Layer2 blockchain dedicated to RWA based on Arbitrum.

PA Chart | A look at 8 crypto institutions that have recently deployed tokenized stocks

Recently, more and more crypto institutions such as Robinhood, Kraken and Coinbase have announced their entry into the tokenized stock market. These platforms are accelerating their deployment through different technical routes (such as Arbitrum, Solana, Base) and custody solutions (such as self-custody, xStocks, BitGo, etc.), striving to meet the multiple needs of global users for flexible trading, on-chain transfers and compliance assurance.

Can retail investors buy SpaceX shares? A look at the three major private equity tokenization platforms

Private equity tokenization is reshaping the way retail investors participate in the primary market.

xStocks’ US stock tokenization is in doubt: DAOstack’s bankrupt team is behind the operation, and the dual shortcomings of liquidity and cost are exposed

Will the SoftRUG scandal affect enthusiasm for stock tokenization?

Cryptocurrency welcomes new assets: Robinhood vs. Kraken’s stock tokenization path fully analyzed

The core mechanism of Robinhood stock tokens lies in their unique custody and mapping methods.

Macro perspective

Behind the "Beautiful Bill": a financial experiment to direct the US debt dam to stablecoins

A financial experiment spawned by the $36 trillion national debt crisis is trying to transform the crypto world into a "buyer" of U.S. debt, while the global monetary system has been quietly reshaped.

New version of “Altcoin Season”: Farewell to general rise, narratives such as ETFs, real returns and institutional adoption will trigger a “selective bull market”

Unlike a general bull market, the future market will be driven by core narratives such as ETFs, real returns and institutional adoption.

A prelude to trillions of dollars of monetary easing? The "Big and Beautiful" bill passed the procedural vote, and Goldman Sachs advanced its forecast of the Fed's rate cut to September

"Big and beautiful" has been released, Musk is about to overturn the table, and crypto has also taken advantage of the tax cuts.

The disillusionment of the copycat season, AI siphoning, and the interception of coin stocks, cryptocurrencies are taking a breath under the "new three mountains"

Now the entire crypto community is facing a low period similar to that in 2018 or 2022, not only because of price issues, but also because of people’s doubts and hesitations about the industry.

Musk's "Utopia" is disillusioned

Musk wants the stars and the sea, but humans only want comfort, the kind of comfort that they want even until death.

AI and Meme

2025 AI Implementation Guide: Five Key Insights from Strategy Building to Scaled Operations

The development of artificial intelligence has entered a new chapter: from hotly debated topics to practical implementation. Creating large-scale AI products is becoming a key battlefield for competition.

Market sentiment has warmed up, and we take stock of the recent outstanding Meme coins

As market sentiment recovers, Meme tokens are beginning to lead the market for the first time in a long time.

After AI "sinks", is it time for Web3 to show its prowess?

Only when AI is truly "deepened" into every device, will decentralized collaboration change from a concept to a necessity?

Why do we say that the AI Agent era will usher in the third browser war?

The third browser war is quietly unfolding.

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

The market has become completely desensitized to "high-speed public chains", so why might Somnia be different?

Somnia claims to be the fastest and most cost-effective parallel EVM Layer 1. Is it exaggerating?

$648 billion in assets are under quantum threat, Project Eleven uses PQC to build a Bitcoin security firewall

With a completed prototype and $6 million in funding, can Project Eleven protect Bitcoin from the threat of quantum computing?

In-depth comparison of the 8 major launchpads, which one will be the version king in 2025?

This article makes an in-depth comparison of the eight major Launchpad platforms, including Binance Launchpad, DAO Maker, ChainGPT Pad, Virtuals, CoinTerminal, Fjord Foundry, CoinList and Seedify, covering their project overview, issuance mechanism, return performance, track positioning and unique innovations.

The rise of Solana on-chain project factory: Can Jupiter Studio trigger the next round of "copycat season"?

The platform's total 24-hour trading volume is nearly $100 million, and the market value of many projects has exceeded one million US dollars.

After studying 43 Pre-TGE projects on Kaito, we found the development trend of current Crypto projects

From the survey of 42 Pre-TGE projects on Kaito, we have summarized 8 small trends. We can roughly see that both Layer 1 and Layer 2 are showing a vertical trend. A large amount of financing is concentrated at the vertical Layer 1 and Layer 2 levels. AI blockchain is the hottest track, and the full chain is the mainstream trend of chains and applications. A large number of classic tracks are gradually declining, and a new round of Crypto cycle is emerging.

Web3

Review of payment products of top crypto exchanges: Credit cards, debit cards and apps create "trading is life", fierce competition begins

From Coinbase, Gemini, Crypto.com, to Kraken, Bybit, Bitget, Gate, KuCoin, etc., major trading platforms have launched or upgraded payment products to compete for the connection channel between crypto assets and the real world. Most crypto payment cards support major markets such as the European Economic Area and the United States, and many platforms provide 2%-10% crypto cashback benefits.

USDT’s infrastructure revolution: Are stablecoin public chains Plasma and Stable global payment remodelers or sophisticated marketing narratives?

The design goals of Plasma and Stable are to achieve faster, cheaper and more scalable stablecoin transfer functions.

In-depth analysis of the Trump family's crypto project WLFI: business, background, tokens and valuation expectations

The winner of the short-term price trend of the WLFI token after it goes online depends on the final content and timing of the passage of the Genius Act, but more importantly, it depends on whether the Trump family is willing to place WLFI in a relatively core position as a medium for interest exchange in various interest transfers and transactions.

Sell orders have dropped significantly, and whales have been buying in succession. Data reveals the mystery behind the surge in PENGU

This article collates the centralized exchange data and on-chain holdings of the PENGU token, and reveals several key reasons for the token's recent 80% increase.

Coin price first, what is the origin of the Ethereum Community Foundation (ECF)?

In 2024, at the Ethereum Community Conference, Zak Cole announced the establishment of the Ethereum Community Foundation (ECF), challenging the traditional governance model of the Ethereum Foundation (EF).

The demon coin $H has skyrocketed against the trend, what kind of project is it?

Humanity Protocol ($H) is a cryptographic project that aims to solve the trust crisis of digital identity. It attempts to build a "human layer" through palmprint recognition and zero-knowledge proof technology to resist the problem of false identities in the AI era. However, its early airdrop activities exposed trust defects due to robot attacks, resulting in drastic market fluctuations. Despite top capital support and grand vision, $H still faces technical, ethical and regulatory challenges, becoming a microcosm of Web3 experiments.

Exclusive interview with Resupply victims: Who should be held responsible for the $9.6 million?

Compared to the monetary loss, what made 3D feel disheartened was the shaken confidence in the industry. He admitted that although he did not suffer the most losses, he was the most angry - not because of the money, but because of his identity as a user who was ignored and humiliated.

Detailed explanation of Aave V4: How can the lending leader rebuild its moat?

Unified liquidity layer + GHO clearing upgrade, two core functions help Aave to maintain its position as the leader in DeFi.

This cannabis company wanted to take advantage of the "coin-stock narrative" and ended up buying a "Pixiu coin"

What is the trick behind marijuana merchants playing with coins?