1.a16z: 11 major use cases to see the cross-integration of AI and encryption

The economic model of the Internet is changing. When the open Internet collapses into a simple prompt box, we can't help but ask: Will AI lead us to an open Internet, or build a new paywall maze? And who will control all this, the highly centralized giant companies or the vast user community? Click to read

2. Revealing the shocking encryption case done by North Korean hackers: Why is it so powerful? Where does the money go?

On June 11, 2025, according to a report by Japan's Kyodo News Agency, Japanese Prime Minister Shigeru Ishiba plans to propose strengthening the crackdown on North Korea's malicious network activities such as stealing cryptocurrencies at the Group of Seven Summit (G7 Summit) held in Canada from June 15 to 17. This will be the first time that the G7 summit discusses the issue of North Korea stealing cryptocurrencies.  According to several Japanese government officials, the move aims to strengthen supervision through multinational cooperation and cut off North Korea's channels for illegally obtaining cryptocurrency funds through cyber attacks, which are believed to be used to develop weapons of mass destruction.Click to read

3. Ant Group's two business sectors rush to apply for stablecoin licenses, and Hong Kong stocks concept stocks soar

Ant Group's two major business sectors announced the application for stablecoin licenses on the same day. On the afternoon of June 12, it was reported that Ant Group's international business department planned to apply for stablecoin licenses in Singapore and Hong Kong, China. Affected by this, Ant concept stocks in Hong Kong stocks rose collectively in the afternoon. Among them, Yunfeng Financial (0376.HK) once rose by more than 98%, Yaocai Securities Finance (1428.HK) rose by more than 14%, Alibaba Health (0241.HK) and Alibaba Pictures (1060.HK) rose by more than 4%. In response, Ant International replied to Caixin, "We welcome the passage of the Stablecoin Bill by the Legislative Council of Hong Kong. We will submit an application as soon as possible after the bill takes effect on August 1 and the relevant channels are opened. We hope to contribute more to Hong Kong's construction of a future international financial center."Click to read

4. Chasing Shadows: The Dilemma of Cryptocurrency Capital Allocation

Uncertainty always slows everything down, forcing people to reflect on their own situation, past and future. The interest rate hikes in recent years and the uncertainty of global trade and geopolitics have caught the cryptocurrency investment community off guard. However, in addition to external factors, there are other factors that pose a vital threat to cryptocurrencies. This silent disaster continues to consume people's time, money and beliefs: shadow investment. Click to read

5. Cracking Circle's 100-fold valuation: Why stablecoin issuance is not a good business

In just 5 days, the market value of Circle, the issuer of stablecoin USDC, rose from more than 6.9 billion to more than 20 billion US dollars. Circle's founder Jeremiah and the team may not have expected such a rise. My impression from communicating with the Asian Dollar Fund is that Cirle’s uniqueness in the compliant stablecoin track is the core of oversubscription.