Ant Group plans to launch a stablecoin in Hong Kong and Singapore, aiming to expand cross-border payment and fund management services. This initiative will utilize Blockchain technology to enhance the efficiency of fund transfers, in response to the rising demand for stablecoins, while preparing for future spin-offs and listings.

Web3 domain names are performing strongly in the NFT market, with a rapid rise in user numbers and volume. Taking ENS as an example, its volume increased by 22.48% month-on-month, and its market capitalization rose by 38.62%. Web3 domain names have clear differences from Web2 domain names, with main functions including collecting user information and accessing dApps. In the future, it will become the cornerstone of Web3 identification.

Friend.Tech social platform depth analysis: Token economic model and development prospects
Abstract
Friend.Tech, as a representative application in the SocialFi field, quickly rose to prominence after its launch in August 2023. The platform allows opinion leaders (KOL) to tokenize and trade their social influence, gaining widespread attention. However, its token economic model and business strategy also face challenges.
This report deeply explores the token economic model of Friend.Tech through on-chain data analysis and finds:
1. The Token price shows a power-law increase, bringing considerable profits to KOLs, but limiting the size of the fan community. 99.94% of accounts hold Token amounts between 0-100, with prices generally below 4 ETH.
2. The rigid pricing mechanism has led to a rapid decline in the trading volume of high-priced tokens. The average daily trading frequency was only 7 times on the first day, and thereafter it maintained at 1.

Sei Airdrop Sparks Heated Discussion Across the Network: A Turnaround from Disappointment to Surprise
The airdrop of Sei has gone through a series of ups and downs, from being highly anticipated initially to constant controversies later, and ultimately leading to an unexpected twist.
Initially, Sei attracted a large number of users and bots due to substantial funding and the official announcement that testnet participants would receive a token Airdrop. According to official data, the daily request volume on the testnet once reached tens of millions.
However, when Sei officials requested users to undergo real-name authentication in the Discord channel, it sparked strong opposition from the community. Although some platforms have already started implementing real-name authentication, the public chain's requirement for users to authenticate their real names still came as a shock. Ultimately, Sei abandoned this requirement under public pressure.
Subsequently, the community's expectations for Sei gradually decreased. However, unexpectedly, Sei became the launch project of a well-known trading platform.

This article analyzes the complex investment eyewash faced by high-net-worth investors in the Web3 and Crypto Assets space, including fake funds, crypto bank deposits, and Ponzi schemes. Through practical cases, it offers practical prevention strategies, such as verifying fund sign up, validating performance, and checking financial licenses, reminding investors to stay vigilant, conduct independent due diligence, and protect asset security.

As the barriers to entry in the Secondary Market increase, structured investments in the Web3 space have attracted high-net-worth investors. Structured products include fixed income, convertible bonds, and risk-layered funds. Although there are legal and compliance challenges, compliant participation can bring new opportunities, and investors need to have risk identification capabilities and legal awareness.

Firmware has become a key strategic lever for the efficiency and differentiation of Bitcoin mining.
Abstract
The after-sales firmware layer between ASIC hardware and mining pool software has become a strategic lever for improving efficiency and forming competitive differentiation. Currently, about 56% of the global SHA-256 hash rate operates on non-original firmware, with Vnish leading with a 26.4% share. The economic situation after the halving in 2024, fluctuations in energy prices, and the demand for automated management of large-scale mining machine clusters are driving miners to shift towards open and debuggable system architectures. A stablecoin company has decided to open source its mining operating system before the fourth quarter of 2025, further establishing the rationality of this model.
Development History
| Milestone | Significance |
|-------|------|
| 2011 - CGMiner | The first universal ASIC Mining program, for

The current Crypto Assets market faces numerous challenges, including psychological trauma, lack of innovation, regulatory pressure, etc., leading to a decline in investor confidence. At the same time, market structure and changes in buyers put greater pressure on alts. Investors should follow high-quality projects, enhance trading skills, and adopt diversified strategies. Despite the many difficulties, opportunities still exist.

The Hong Kong "Stablecoin Regulation" will be officially released in 2025, aiming to regulate the issuance and activities of stablecoins, protect user rights, and establish strict license application requirements. This system will enhance Hong Kong's competitiveness in the global digital money sector, providing a compliance environment for the development of Web3 and the Renminbi stablecoin, opening up new opportunities and challenges.

What is the impact of the implementation of equivalent tariffs?
1. Macroeconomic Review of This Week
1. Market Overview
This week, the implementation of the parity tariff policy exceeded market expectations, leading to a significant drop in global risk assets.
The S&P 500 Index has fallen 10% over two days, marking the largest drop in nearly four years. The Dow Jones fell 7.6% for the week, and the Nasdaq has entered a bear market. The semiconductor ETF plummeted 16% in a week, recording its worst performance in over 20 years. The VIX Index briefly broke 40, reflecting extreme market panic.
In terms of safe-haven assets, the 10-year Treasury yield fell sharply by 32 basis points to 3.93%, hitting a new low in nearly six months. Spot gold surged then retreated, with a weekly decline of 1.7%. The US Dollar Index dropped by 1.1% for the week.
In the commodities market, Brent crude oil plummeted 10.4% to $61.8 per barrel, impacted by OPEC+ production increases and demand concerns. Copper prices dropped 13.9%, marking the largest weekly decline in nearly two years. Iron ore fell 3.

The ICC Camp and moledao community recently held a dialogue with entrepreneurial mentors, where Yawn and Kevin Shao shared their experiences in the blockchain gaming industry, emphasizing the importance of creativity, team management, and marketing. Both expressed an optimistic view on the prospects of Web3 games, suggesting a focus on user incentives and product innovation.

The 2024 review of the Meme coin market shows that Solana has the highest number of golden dogs, with Base and BNB also performing well. Although there are profit opportunities, early investors typically achieve higher returns. The future market may see new rises, but investment should be approached with caution.

A certain investment company has recently increased its stake in BitMine Immersion Technologies, with a cumulative investment exceeding $233 million. Meanwhile, the company has also sold Block Inc. shares, indicating a shift in investment strategy. BitMine plans to hold 5% of the Ether supply, and although the stock price has fallen in the short term, its long-term performance is strong, with a rise of 650.29% in the past month. The market follows its future development.

The Ethereum documentary "Vitalik: The Story of Ethereum" is about to be released.
Ethereum is a decentralized, open-source public blockchain platform that features smart contract functionality. It was conceived by young programmer Vitalik Buterin in 2013 and officially launched in 2015. Inspired by Bitcoin technology, Vitalik envisioned a platform that supports not only digital currency. Ethereum's native token ETH is the second highest cryptocurrency by market capitalization globally, and the platform is also one of the most widely used blockchains today.
The Ethereum documentary "Vitalik: The Story of Ethereum," produced over three years, is about to be released. This is an independently produced film by Optimist, with Carrie Weprin as the producer and Zach Ingrasci and Chris as co-directors.

The founder of Synthetix has launched the keyless Multichain Wallet Infinex, aiming to drop the barriers for ordinary users to participate in Decentralized Finance. The wallet supports email registration and dynamic verification codes, enhancing the user experience. Infinex has received support from many well-known investors and has raised $67.69 million through NFT fundraising. The wallet offers various features such as cross-chain exchange, vaults, and yield protocols, aiming to attract more non-encryption users to participate.

Detailed Explanation of India's Encryption Asset Taxation and Regulatory Policies
1. Introduction
India is the largest country in the South Asian subcontinent, with an area of about 2.98 million square kilometers, ranking 7th in the world, and a population of 1.44 billion. In recent years, India has become one of the fastest-growing large economies in the world, with an average economic growth rate of around 6.5%. According to data from the International Monetary Fund (IMF), India's GDP reached 3.53 trillion USD in 2023, surpassing the UK to become the fifth-largest economy in the world. The IMF forecasts that India's economic growth rate will reach 6.8% in 2024-2025.
India's economic growth in recent times has been primarily driven by investment, with the annual investment as a percentage of GDP rising from 31.6% before the pandemic to 33.7% in 2023. At the same time, the attractiveness of the Indian market to investors is also increasing. Morgan Stanley analysis believes that the Indian stock market has become the fourth largest stock market in the world and is expected to become

This week, the crypto market showed significant fluctuations, with Bitcoin and Ethereum both experiencing falls. The reasons include insufficient market liquidity and major transfer events. Expectations for a Fed interest rate cut have cooled, and economic data is favorable. Geopolitical tensions have intensified, resulting in a recovery of sentiment in the crypto market, but the momentum is lacking, and Altcoins are short on sustained rising power in the near term. It is expected that the market will continue to fluctuate next week.

Key to the sustainable development of Web3 projects: Creating a longer win-win ecosystem
In recent years, many crypto projects have conducted large-scale airdrop activities before token issuance, hoping to accumulate popularity and user attention through this. However, this practice often leads to projects being "short-lived," with popularity and prices rapidly declining in a short period of time. Users sell off their airdropped tokens immediately after receiving them, which not only puts pressure on the token market but also leads to a rapid cooling of community enthusiasm, resulting in the collapse of the user base that the project team has just established.
Although airdrops can bring considerable short-term traffic, they are difficult to truly convert into long-term community assets or loyal users. Most projects lack practical business application scenarios and have to rely on continuous token issuance to maintain user activity. This incentive mechanism is essentially overspending future value. Ultimately, most of these tokens and user traffic flow into the cycle of arbitrageurs, while the resources that genuinely support project development are wasted. The means originally used to kickstart the ecosystem.

Risks and Opportunities in Financial Markets: An Analysis of the Correlation between Bitcoin and Traditional Assets
In the financial markets, it is crucial to maintain a sense of awe and independent thinking. Whether in traditional finance or the cryptocurrency market, there are many unknowns, risks, and challenges. As investors, we need to pay attention to market volatility and trading opportunities, rather than getting overly entangled in the inherent attributes of a certain asset or the beliefs of others.
Safe-haven assets in turbulent markets
Traditionally, gold has been regarded as an ideal safe-haven asset. However, recently gold prices have experienced a decline of over 10%, highlighting the fact that there is almost no absolutely safe haven during times of market panic.
Bitcoin was once seen as a safe haven during turbulence in traditional financial markets, as its price movements are often uncorrelated with other assets. However, during global financial crises, Bitcoin also fails to completely shield against market risks.
The correlation between Bitcoin and the stock market
Recent market