1. U.S. Congressional Crypto Week: Summary of the contents of the three major bills, market trends and industry views
The U.S. House of Representatives Financial Services Committee announced that "Crypto Week" will begin on July 14 and end on the 18th. Lawmakers will debate and possibly vote on three major crypto bills: the CLARITY Act, which will define regulatory oversight of the crypto market; the GENIUS Act, which establishes a framework for stablecoins and has been approved by the Senate; and the Anti-CBDC Surveillance State Act, which will prohibit the creation of a U.S. central bank digital currency. Click to read
2. Interlude of the Crypto Economy Trio: CPI
On the night of the announcement of the May CPI in June, the US May CPI data, which global investors had been waiting for with bated breath, was finally released. The core CPI rose by 0.3% month-on-month and fell to 2.9% year-on-year, which was basically in line with market expectations. The release of this key data provides a relatively clear direction for the continuously volatile market. After the data was released, readers who have an impression must remember that BTC immediately rose and broke through the $110,000 mark the next morning, just one step away from the historical high of $111,980 in May (although it is now $120,000). Expectations of interest rate cuts have been strengthened again, becoming a key factor in dominating market sentiment, and market sentiment has clearly warmed up, with mainstream currencies such as ETH and SOL rising by 3%-7% simultaneously. Click to read
3.Polymarket's opportunities and risks: a new way to bet on the future
Polymarket represents the modern incarnation of the prediction market, operating in a decentralized betting environment where participants can speculate on the outcomes of future events. Unlike traditional betting platforms, Polymarket uses blockchain technology to enable trustless transactions, ensuring that historical data and transaction records cannot be tampered with. The core of Polymarket is to convert probabilities into market prices through a dynamic mechanism, in which each bet affects the evolution of the odds. The platform relies on smart contracts, which automatically execute transactions according to pre-set criteria once a predetermined outcome has been determined.Click to read
4. L1 zkEVM: The first step towards Ethereum’s ZK endgame
For those who closely follow the development of Ethereum technology, the recent blog post by Ethereum engineer Sophia Gold titled “Delivering L1 zkEVM #1: Real-time Proofs” is of great significance. Although this only represents the technical conception of the Ethereum core development team and has not yet officially entered the EIP (Ethereum Improvement Proposal) process, and there is still a long way to go before it becomes an established plan for the mainnet upgrade, the signal it sends cannot be underestimated. Click to read
5. Clarify the four attributes of stablecoins
Recently, there has been great controversy among all sectors of society about the basic question of what stablecoins are and what functions they have. This article will start from the product positioning and business model of stablecoins, and clarify the four major attributes of stablecoins through comparative analysis. Click to read