LiquidationWatcher

Turkey has recently drawn widespread follow due to the Smart Trade Coin eyewash, resulting in the arrest of 127 people and losses reaching 2 billion dollars. The incident highlights the need for the Crypto Assets industry to strengthen Compliance in order to protect investor rights and prevent financial risks, promote compliant development, and achieve economic freedom.

Gamification design principles have been successfully applied in modern applications, emphasizing the three core principles of motivation, mastery, and feedback. Excellent design meets users' intrinsic needs, provides a clear path for skill enhancement, and offers effective feedback, thereby achieving long-term user engagement and retention. Successful cases such as social media, productivity tools, and educational applications have created engaging and meaningful user experiences through these principles.

The Monetary Authority of Singapore has released a White Paper titled "Global Layer 1", aimed at establishing a shared ledger infrastructure based on Distributed Ledger technology to facilitate cross-border cooperation among Financial Institutions and enhance services and efficiency. This initiative supports the standardization and compliance of digital asset and application portfolios, and encourages international collaboration to strengthen financial network capabilities.

In the past day, the Crypto Assets market has seen some noteworthy developments. Let's review the main events.
On June 9th in the market, some tokens performed well. Among them, the market value of Launchcoin has returned to the level of 200 million, showing a certain recovery momentum. Meanwhile, the Virtuals platform has launched its ACP protocol, which may bring new features and opportunities to the ecosystem.
Another notable development is that the market capitalization of the KTA token has surpassed 1.4 billion, indicating that investors maintain a high level of interest in the project. At the same time, there have also been large purchases of Fartcoin, which may suggest that certain investors are optimistic about its future development.
However, we must emphasize that in the Crypto Assets market, especially in emerging PvP (Player vs Player) projects, the risks...

Recently, Ark Invest decided to withdraw its Ethereum ETF application, sparking widespread discussion in the market. Behind this decision may lie a simple and practical reason: profit issues.
Currently, the Ark Bitcoin ETF occupies the fourth position in the market, with about 6% market share. However, even so, its profitability does not seem optimistic. This is mainly due to the generally low management fee rates for cryptocurrency ETFs, which mostly hover between 0.19% and 0.25%, and institutions are engaged in fierce rate competition.
Based on the current size of Ark's Bitcoin ETF, the annual management fee revenue is approximately $7 million. Considering that operational costs may be comparable, this means that the product might just barely break even. In this case, launching an Ethereum ETF could become a losing business for Ark.
From a business perspective, for mainstream cryptocurrencies with smaller market capitalizations.

Review of Macro Market Hot Topics
Recent macro background is favorable
Inflation is cooling off across the board. The U.S. June CPI has turned negative month-on-month for the first time in four years, and the core year-on-year growth rate has reached its lowest level in over three years. The job market has softened slightly, but overall it remains balanced and stable. The economic surprise index is at a low point, and the financial conditions index continues to be accommodative. These factors are favorable for risk asset markets, as investors expect the Federal Reserve to take action to support economic expansion.
As the US dollar weakens and the Federal Reserve begins to cut interest rates, emerging markets and cryptocurrencies may benefit, especially in the absence of a recession. If expectations shift from a soft landing to a hard landing, it may be necessary to quickly move from stock-like risk assets to bonds.
Q2 earnings report season is under pressure
the current market focus is on the earnings season that has begun. Wall Street expects Q2 earnings for the S&P 500 to grow by 8.9% year-on-year, significantly higher than the previous quarter. However, achieving the level of surprises seen before may be challenging, so

The article explores the fusion opportunities between AI and Web3, emphasizing the advantages of Web3 in decentralization, data sharing, and privacy protection, which drive the development of AI. It addresses the computing power bottleneck through a decentralized computing power network and introduces new models such as IMO and AI Agent to enhance the transparency and interactive experience of AI applications. Overall, the combination of AI and Web3 will create new internet infrastructure and business models.

Blockchain technology: Building the next generation of digital economic infrastructure
Recently, a leader in the blockchain industry testified at a U.S. Congressional hearing on the important topic of "The Future of American Innovation and Digital Assets," calling for a clearer regulatory framework for the digital asset market.
This industry leader emphasized that tokens are the core of the operation of the blockchain infrastructure. He pointed out that tokens play a crucial role in distributed networks, providing incentives and governance mechanisms to ensure the secure operation of the network. Specifically, tokens have three key responsibilities: protecting network security, participating in decentralized decision-making, and paying transaction fees.
At the application level, the leader listed several real-world use cases of Blockchain technology. From providing on-chain loans for developing markets, to building fan interaction systems, to bringing physical goods on-chain, these applications not only demonstrate the high scalability and composability of Blockchain but also confirm that Blockchain is becoming

Overview of Global Blockchain Investment and Financing Last Week
Last week, there were a total of 21 investment and financing events in the global Blockchain industry, with a total scale of over 202 million USD, showing an increase compared to the previous week. The main investment areas include DeFi, Web3 games, NFTs, DePIN, infrastructure, and tools.
DeFi field
RWA Blockchain development company Mavryk

Ethereum faces the dual challenges of price fall and deteriorating fundamental data, while the rise of competitors like Solana further intensifies the pressure. Although the Ethereum Foundation insists on decentralization governance, the effectiveness of this strategy is questioned in the current environment. In the future, Ethereum needs to adopt more proactive measures to address market demands and technological competition while maintaining its core values.

ZULU Network has completed its seed round financing, aiming to combine the advantages of Bitcoin and the Ethereum Virtual Machine (EVM) to enhance the scalability and interoperability of the Bitcoin ecosystem. The financing will be used to expand the development team and market strategies, promoting the development of decentralized applications.

Macroeconomics and Web3 Market Dynamics
Economic data and market reaction
In December 2024, the US CPI data was released, showing a year-on-year increase of 2.9%, while the core CPI rose by 3.2% year-on-year. Although the overall CPI increased by 0.4% month-on-month, reaching a nearly 10-month high, the core CPI only increased by 0.2% month-on-month. This data reflects a relief in inflationary pressures, mainly due to stabilized prices in areas such as accommodation, healthcare, and rent.
The market reacted positively, with major US stock indices rising sharply and the selling sentiment in the bond market weakening. Investors have reignited expectations for an interest rate cut by the Federal Reserve, although it is generally believed that the possibility of a rate cut before June is low. The cryptocurrency market also benefited, with Bitcoin returning to the $100,000 mark, demonstrating its sensitivity to the macroeconomic situation.
New Trends in Cryptocurrency Regulation
Starting in 2025, the United States will implement new reporting requirements for cryptocurrency transactions. Centralized exchanges

Berachain provides liquidity for dApps through Boyco, attracting a large number of users and funds. As the lock-up period ends, users can choose from various strategies to participate in subsequent rewards. The Boyco Rollover plan simplifies fund migration, enhancing users' proactivity and earning capacity in PoL. Participants can flexibly adjust configurations to optimize the risk-reward ratio.

The direction of the stock market after a big pump: An analysis from the perspectives of fundamentals, policies, and valuations.
Since the end of September, the Chinese stock market has experienced a significant rise. Financial policies and political meetings have exceeded expectations, boosting market sentiment, with strong rebounds in both the A-shares and Hong Kong stock markets, standing out in the global markets. However, after the holiday, under overly optimistic general expectations, the market turned to decline. So, is this round of market activity a flash in the pan or has it truly bottomed out? This article will analyze from three perspectives: the domestic economic fundamentals, policies, and the overall valuation levels of the stock market.
1. Fundamentals
Overall, the domestic fundamentals remain relatively weak. Although there have been some signs of marginal improvement, no significant turning points have been observed yet. During the holiday period, consumption sentiment has improved both year-on-year and month-on-month, but this has not yet been reflected in the main economic indicators. It is expected that in the coming quarters, China's economic growth may show a moderate recovery trend with the support of policies.
In September,

The Monetary Authority of Singapore has implemented strict regulations on unlicensed digital token service providers, requiring them to cease operations by June 30, marking a shift in regulatory attitude. This new regulation aims to prevent illegal activities such as Money Laundering, leading to a fragmentation among Web3 practitioners, with some companies considering relocating to Hong Kong and Dubai, while Compliance capabilities will become a key competitive factor in the industry.

An Analysis of Ethereum's Development Path: Vitalik Buterin's Latest Insights
Ethereum co-founder Vitalik Buterin recently expressed a series of views on the future development of Ethereum and the cryptocurrency industry. This article整理了 his important opinions since July 2024.
The interoperability issues across Layer 2 are about to be resolved.
Buterin stated that the interoperability issues across Layer 2 "will soon no longer be a problem." He anticipates that the entire Ethereum ecosystem (including Layer 1, Rollups, Validium, and even sidechains) will achieve a seamless user experience that will be surprising to people. He sees great momentum and determination to achieve this goal.
Beware of simplistic "crypto-friendly" political stances.
Buterin opposes selecting political positions solely based on who "supports crypto." He believes that supporters

Web3 Security Protection: Clipboard Risks and Prevention Strategies
In the Web3 space, asset security has always been one of the most concerning topics for users. Many may wonder why private keys or mnemonic phrases can also be leaked without network transmission. In fact, seemingly "local and secure" operations may also pose security risks, with the clipboard being a commonly overlooked risk point.
Clipboard security risks
The clipboard is a temporary storage space provided by the operating system for sharing data between different applications. However, this convenience also brings potential security risks:
1. Plain text storage: Most operating systems do not encrypt clipboard data by default.
2. System API Open Access: Applications can read or modify clipboard content through the API.
3. Data Persistence: Clipboard content will not be automatically cleared and may remain accessible for a long time.
These characteristics enable

The development of the NEST system: Starting from demand, establishing a financialized ecosystem
The NEST system is working hard to achieve popularization and enhance usability in order to attract more people to participate in mining and using its products. Financialization is an important direction for the development of NEST, which can be inspired by the evolution of Ethereum. Ethereum has gradually gained strong financial attributes, evolving from its initial GAS payment function, to an ICO fundraising tool, and then to a DeFi liquidity mining tool.
NEST is exploring the production of more assets through linear operators and establishing an application closed loop with these assets. This process is similar to stablecoins, but different. Financialization can bring exponential effects, such as generating PUSD by collateralizing NEST, then purchasing NEST and continuing to collateralize, thereby continuously increasing leverage. This process will also increase the calls on oracles, thereby increasing the repurchase demand for NEST.
CoFiX 2

The "GENIUS Act" aims to establish the first federal regulatory framework for stablecoins in the United States, passed after intense debate and bipartisan compromise. The act emphasizes dual regulation, consumer protection, and AML measures, and is expected to reshape the stablecoin market and influence the global financial landscape. The implementation of the act still requires review by the House of Representatives and the President's signature.