1.a16z: After the GENIUS Act, the CLARITY Act is more urgently needed

The House of Representatives recently advanced an important new "market structure" bill with an overwhelming majority (294 votes in favor and 134 votes against, with 78 Democrats in favor). This bill, called the Digital Asset Market Clarity Act ("CLARITY Act") (HR 3633), will establish a clear regulatory framework for the digital asset market. The bill has now been submitted to the Senate for deliberation, and the Senate is developing its own version of market structure legislation and will refer to the CLARITY Act. Click to read

2. Ethereum sprints to $4,000: What happened

Ethereum is making history: We are witnessing one of the largest short squeezes in the history of cryptocurrency. Since July 1, Ethereum's market value has skyrocketed by $150 billion - just a few days ago, net short positions hit a record high. Click to read

3. Can ETH really replicate a micro-strategy Summer boom?

And the reason why these operators dare to be so radical is largely to take advantage of the "arbitrage window" before the US government's drastic reforms to the encryption industry matures before the regulatory mechanism matures. In the short term, many legal and compliance loopholes have been exploited - such as the ambiguity of accounting standards on the classification of encrypted assets, the looseness of SEC disclosure requirements, and the gray area of tax treatment. Click to read

4. Web3 front-end attack: a new paradise for hackers

When most people talk about Web3 security, they usually think of smart contracts. This makes sense. After all, these snippets of code hold real assets, define protocol logic, and protect billions of dollars in user funds. Over the years, security teams have invested unlimited energy to discover reentrancy vulnerabilities, access control issues, arithmetic errors, and subtle vulnerabilities that only appear under specific execution paths. But in all this obsession with what happens on the chain, we overlook the first thing that the vast majority of users actually interact with: the front end.Click to read

5. The "first stock" of stablecoins is unstable

On June 5, 2025, the first stablecoin stock Circle (NTSE: CRCL) was listed on the New York Stock Exchange at an issue price of $31. In just 12 trading days, the stock price reached a high of $299. The closing price on July 18 was $223.78, up 622% from the issue price, with a total market value of nearly $50 billion. Although the stock price has fallen 25% from its high, the risk is still great. Click to read