Highlights of the week丨RWA narrative is hot, LSDFi track explodes; encryption market review and outlook in the first half of the year; Meta launches Threads, will it become a "Twitter killer"?

**PANews Editor’s Note:**PANews selects a week’s worth of high-quality content to help you fill in gaps during the weekend. Click on the title to read. PANews June 2023 columnist influence and column popularity list released, click here to view.

RWA narrative is hot

Decoding RWA: The Most Valuable Encrypted Narrative in a Compliance Context

As the era of the Web3 native application market is approaching, it is necessary to mobilize more real-world assets/capital (RWA) into the encrypted market.

Dialogue with OSL Hu Zhenbang: RWA is the frontier field of Web3, and the probability of stable Hong Kong dollar is not high

As the first licensed crypto exchange in Hong Kong, how does OSL view the future direction of regulation?

From the perspective of underlying assets, business structure and development path, talk about the current hot RWA track

The author analyzes RWA from multiple dimensions such as underlying assets and their standardization, off-chain cooperative institutions and cooperation forms, and risk management, and shares his views on potential risks brought about by regulation and its possible future development path.

Old DeFi projects COMP and MKR have risen day by day, this article explores the possible logic behind it

Stimulated by this news, the Compound token COMP has performed strongly recently, and at the same time aroused the market’s pursuit of the concept of RWA. MakerDAO (MKR) and Aave (AAVE) have performed well recently. Let’s see how the market reacts to this rally.

Twitter Space video review｜Conversation with Sun Ge: stUSDT—RWA track “Yebao”

At 9:00 pm on July 5th, PANews invited Sun Ge, founder of TRON and member of Huobi Global Advisory Committee, to Twitter Space to talk about the RWA track and his layout!

LSDFi track broke out

Mori Finance: LSDFi track competitor with both stable assets and leveraged assets

Mori divides the volatility of ETH into low-volatility assets ETHS and high-volatility derivatives ETHC to meet the needs of users with different risk preferences.

Inventory of 9 decentralized stablecoin protocols that use LST as collateral

After the stablecoin UST crash, will current stablecoin protocols that use LST as collateral, such as Raft, Ethos Reserve, Shade Protocol, etc., repair the market trauma, or may it trigger the next crash?

LSDFi narrative broke out, this article understands 3 noteworthy projects in the Pendle ecosystem

With the rise of the LSD narrative, Pendle is particularly outstanding among the projects on the LSD track with its high-quality project design, team and Token economy. The Pendle ecology may soon usher in a PENDLE war. This article will introduce three projects worthy of attention in the Pendle ecology.

A brief analysis of Pendle and the Pendle War it triggered

Pendle Finance is a revenue strategy agreement deployed on Ethereum and Arbitrum. It will launch the v2 version at the end of 2022 and change the economic model, and then support LST assets and launch Arbitrum.

Macro Perspective

Inventory of the top ten events of Web3 in the first half of 2023

What breakthroughs have been made in the industry in the past six months? What experience can we learn from it and find the next outlet? In this issue, we review the top ten events in the encryption market in the first half of 2023, and find the answer.

The entry signal of asset management giants stimulates the rebound of BTC, and 12 charts interpret the encryption market in June

Following the continuous downturn in April and May, the encryption industry ushered in a certain degree of recovery in the “hot” June that just passed. Next, let us use 12 pictures to interpret the fiery June that just passed.

2023 financing semi-annual report: the primary market is deserted, leading the field of infrastructure and tools

How will the Web3 tracks perform in the first half of 2023? This article will take you through the data quickly.

Data interpretation of the development of DEX in the first half of the year: the proportion of transaction volume on the Ethereum chain dropped to 54%, and the USDC crisis event contributed to the transaction peak

In the first half of the year, the DEX market was generally stable, but there were many “dark horses”. Arbitrum accounted for 23.3% of the total trading volume of DEX, which increased from 3.3% to 23.3%, and the number of daily active users of Trader Joe tripled. trend.

**Arthur Hayes: Why Bitcoin will be the currency of choice for AI? **

In this post, I will lay out why Satoshi Nakamoto’s creation will become the currency of choice for artificial intelligence. I will present my argument as a series of logical conclusions that build on each other to “prove” that an AI will choose Bitcoin as the currency of denomination for its economic actions.

** “Fortune” interview “Sister Wood”: If the Bitcoin spot ETF application is approved, how will it change the encryption industry? **

In our chat, Cathie Wood shares her thoughts on Bitcoin’s potential, the challenges of the regulatory environment, and her vision for the future of digital assets.

Catch the opportunity

Encryption Market Outlook for the Third Quarter: 9 Catalysts and Key Projects

Before diving into the upcoming episodes, let’s take stock of the protocols that have performed well over the past quarter.

Interpretation of Gavin Wood’s latest speech in vernacular: Polkadot under the new paradigm

At the Polkadot Decoded conference on June 28, Gavin Wood, the founder of Polkadot, looked at Polkadot from a new perspective. He suggested that Polkadot should be regarded as a multi-core computer, focusing on providing lower-level resources for the blockchain, that is, the computing core, not just the original parachain and relay chain. This article will use Gavin Wood’s latest speech to interpret Polkadot under a new paradigm in an easy-to-understand way.

Six Catalysts for Algorithmic Stablecoin Frax Finance’s Growth at a Glance

Ouroboros Capital believes that Frax Finance, an algorithmic stablecoin project, has made great efforts in terms of adoption, Layer 2 layout, and income, and the repurchase plan also limits its downside.

**“Halal chain” Islamic Coin has attracted attention, what is the mystery of Islamic finance? **

In this article, PANews will briefly introduce some Islamic finance-related knowledge to help readers and entrepreneurs explore the possibility of following Islamic laws in the field of cryptocurrency.

Analysis: If the Bitcoin spot ETF is approved, it may be the largest ETF in history

After institutions such as BlackRock, ARK, 21Shares, VanEck, and Fidelity have successively applied for Bitcoin spot ETFs, some people believe that there will be capital return and industry reshuffle, and Bitcoin spot ETF will become the largest ETF in history.

Web3 things

What is the difference between Twitter and Threads? It is enough to understand these ten pictures

On July 6, Mark Zuckerberg announced the launch of “Threads,” Twitter’s most powerful competitor to date. So, what is the difference and experience difference between Twitter and Threads? The following 10 pictures can find out.

**Ubisoft enters the blockchain game, can the traditional game giants play this card well? **

Known as Ubisoft’s first blockchain game, the tactical RPG game “Champions Tactics: Grimoria Chronicles” is currently in the early development stage. Whether it will be aborted like “Project Q”, and how it will develop in the future, there are still variables.

Gemini co-founder scolded DCG founder: Uncle Cheng who owes money? If we default again, we will take up legal weapons

On July 4th, Gemini co-founder Cameron Winklevoss issued an open letter to DCG founder and CEO Barry Silbert, angrily reprimanding Barry for delaying in compensating the $1.2 billion owed to 230,000 Earn users, and having a bad attitude for delaying and abusing adjustment procedures To deceive creditors, and shamelessly stated that he was the victim. Winklevoss said he couldn’t take it anymore and issued an ultimatum. If he does not agree, he will file a lawsuit against DCG and himself on July 7.

The full text of South Korea’s first independent “Encryption Act”: insider trading can be sentenced to life imprisonment

On June 30, 2023, the Political Affairs Committee of the National Assembly of South Korea passed the country’s first legislation on virtual assets——“Virtual Asset User Protection Act (가상자산이용자보호등에관한법률안)”, which aims to protect virtual asset users and limit illegal assets. Fair trading will come into effect one year after promulgation (expected to be implemented in July 2024).

Big Talk NFT

Difficult time for NFT: Multiple projects shut down, lending platforms have serial liquidations and bad debts under the general falling market

Many NFT projects have been closed one after another, lending platforms are facing bad debt risks, and the NFT market is facing a new round of stress tests and survival tests.

**How does ERC-6551 open a new era of NFT? **

ERC-6551 token-bound accounts (TBAs) reveal a new paradigm. Any single non-fungible token (NFT) can now transcend its traditional role as a mere digital asset and become a fully functional wallet. NFTs are no longer just good looks, they are alive.

In-depth analysis of NFT market and centralized exchange NFT business

What is the current market situation, what is the competitive landscape of market participants including centralized exchanges, and what are their future development bottlenecks and prospects? This issue of Bing Ventures industry research provides you with an in-depth analysis of the NFT market and the NFT business of centralized exchanges.

**Blur V2 is officially launched, what changes have been made to the point incentive system? **

In addition to optimizing the gas fee, the newly added “Trait bidding” (attribute bidding) function has changed the distribution mechanism of Blur points.

Technical fan

Singapore Monetary Authority MAS: 4D Detailed Purpose Binding Currency (PBM) Technical White Paper

This article provides a technical overview of the concept of purpose-bound money (PBM), which enables money to be directed to a specific purpose without programming the money itself. PBM employs a common protocol designed to work with different ledger technologies and forms of money.

Move the blasphemer of the cult: the mechanical structure of the building is faulty, it just hasn’t collapsed yet

One last response on why Aptos and Sui don’t work.

** “EIP4844” on Bitcoin: How does BRC-69 reduce the cost of inscriptions by over 90%? **

Simplify the creation of recursive ordinal collections, on-chain pre-revelation processes, and reduce the cost of inscriptions.

The latest discovery: BRC-20 transactions do not apply to the BTC-UTXO label model

How does PSBT affect BRC20 address labels?

Key Information

Hong Kong Securities Regulatory Commission official: Hong Kong Securities Regulatory Commission will change its view on STO and have the opportunity to open to retail investors

Tencent News “Periscope”: Binance has docked with Hong Kong regulatory authorities in recent months; the license application “entry ticket” is at least 100 million Hong Kong dollars

BlackRock Resubmits Bitcoin Spot ETF Application, Appoints Coinbase as Oversight Partner

Multichain on Fantom is suspected of being attacked, tokens worth more than 100 million US dollars were withdrawn

BlackRock CEO: Bitcoin could ‘revolutionize finance’

The vice president of the Hong Kong University of Science and Technology and others issued a policy recommendation: Proposing that Hong Kong issue a Hong Kong dollar stable currency backed by foreign exchange reserves

Lianlian Digital disclosed in its Hong Kong IPO application that it intends to establish a virtual asset trading platform in Hong Kong

FTX Client Claims Portal Launch Delayed, Updated to “Will Launch in the Next Weeks”

The Federal Reserve released the minutes of its June meeting, or further tightened monetary policy

Data: The number of Uniswap transactions exceeded 200 million

Data: The grayscale GBTC negative premium rate has narrowed to 26.76%