The U.S. House of Representatives passed a tax reduction bill, promoting the compliance process in the crypto market. On one hand, Bitcoin faces resistance in the short term; on the other hand, certain alts are performing outstandingly. Market sentiment is high, but Technical Analysis indicates a potential short-term pullback. Various investment institutions and loan programs are also continuing to innovate and cooperate.

Restaking projects leverage the trust of the Ethereum Beacon layer, allowing users to share stake shares to increase returns. However, there are contract risks, LST risks, and withdrawal risks among others. Most protocols in the market have not yet implemented withdrawal logic and face risks of centralization and internal malfeasance. Users are advised to allocate funds wisely, choose safe participation methods, and monitor project dynamics to drop risks.

The Sui platform is about to launch five innovative games that combine Blockchain technology with immersive experiences, including the MOBA game "E4C: Final Salvation", the social platform "Pebble City", the zombie shooting game "The Walking Dead Lands", the casual farming game "Cosmocadia", and the arcade-style "BRICK POP". These games showcase the potential of Web3 technology in the gaming field, providing players with a new experience.

Overview of Web3 Development in Various Fields in the First Half of 2024
Ethereum
Zero Knowledge
ZKVM & ZKEVM
In the first half of 2024, more and more ZKEVM projects are beginning to shift towards the ZKVM architecture, with the PSE team under the Ethereum Foundation being the most prominent. Taiko has partnered with Risc0's ZKVM, and Scroll is also actively preparing in this field.
The launch of Plonky3 has become the main driving force behind this transformation, with performance superior to Halo2( despite slightly lower stability ), and has enhanced the user experience.
The main virtual machines in this field currently include: ZKWASM, Succinct's SP1, a16z's JOLT, and Risc0. In addition, Polyhedra's ZK.

Bitcoin faces issues of long transaction times and high fees in payments. The Lightning Network attempts to address these problems but has drawbacks such as high thresholds, high transaction failure rates, and security risks. The Thunderbolt protocol enhances Bitcoin's scalability and security through a Soft Fork, offering potential development paths, including integration with DeFi or forming an independent ecosystem, but still needs to overcome challenges of compatibility and insufficient support.

Global Central Bank Annual Conference: The Jackson Hole Economic Symposium is about to open.
Every year at the end of August, the global economic community's attention focuses on an important event—the Jackson Hole Economic Symposium. This annual event attracts central bank officials, economists, financial market participants, and media representatives from around the world to discuss economic policies and market trends.
The seminar this year will be held from August 22 to 24, with the theme "Reassessing the Effectiveness and Transmission of Monetary Policy." The choice of this theme reflects significant issues in the current economic environment: after years of low interest rates, the U.S. economy continues to show remarkable resilience amid substantial interest rate hikes, a phenomenon that has sparked widespread attention and discussion.
Despite widespread market predictions of a potential recession, data shows that the U.S. economy seems to remain strong, seemingly ignoring these forecasts. For example, homeowners with low-interest mortgages.

This article compares the staking mechanisms of Ethereum and Polkadot, pointing out that Ethereum's traditional attestation requires 32 ETH to participate in staking, while Polkadot's Nominated Proof of Stake lowers the participation threshold. The stake rate and yield of Polkadot are significantly higher than those of Ethereum, especially with the promotion of liquid staking products. The article looks forward to the staking landscape of both and their impact on the encryption ecosystem.

The decentralized options market has rapidly developed with the help of Blockchain technology, offering advantages such as transparency and no default risk. However, it still faces challenges such as high usage costs and an immature market. In the future, there is a need to improve capital efficiency, develop diversified products, and strengthen integration with DeFi protocols, with the hope of achieving broader applications.

Catizen is making a name for itself in the Telegram and TON ecosystem, attracting 22.5 million players with its exclusive game engine and innovative Play2Airdrop model. Its SDK facilitates H5 game development, builds a complete gaming ecosystem, and enhances user experience. Future developments include launching a new platform and expanding its user base to boost long-term confidence.

Blockchain economy experts shared key considerations in the design of the Sui public chain economic model, emphasizing the importance of balancing the interests of operators, users, and token holders. Its innovations include horizontal scalability, reference gas price mechanism, and the establishment of a storage fund. The economic model will be adjusted based on network activity and token circulation, with the goal of promoting the prosperous development of the network.

BitVM is a Bitcoin scaling solution proposed by the ZeroSync project, aimed at ensuring the Turing Complete contract functionality of Bitcoin. Despite efficiency and security issues, BitVM has the potential to enhance Bitcoin's application scenarios and ecological development through optimizations such as zk-SNARKs, compact signatures, and hash functions.

Recently, tech giants invested $14.8 billion to acquire the data labeling company Scale AI, highlighting the importance of data labeling in the development of AI. Unlike the competition in Computing Power, data labeling requires human wisdom and professional judgment, demonstrating its irreplaceability. Meanwhile, the blockchain project Sahara AI is exploring a new model for data labeling through Token economics, reflecting a market shift from competition in Computing Power to a competition in data quality. This transformation could impact the future direction of AI technology.

The Solana stablecoin ecosystem has experienced significant rise, with supply increasing from $5.2 billion to $11.7 billion in the first quarter of 2025, and trading activity increasing nearly tenfold. USDC and USDt dominate, and the diversification of the ecosystem is also accelerating. Stablecoins improve efficiency in cross-border payments, and new products combined with physical banking services further enhance usability, making it a promising platform for the next wave of stablecoin adoption.

U.S. Elections and the Encryption Asset Industry: Cautiously View Short-Term Political Promises
As the U.S. presidential election day approaches, the encryption digital asset industry is closely monitoring the development of the election situation. As a globally discussed topic, encryption assets have become one of the focal issues of this election, and there are significant differences among candidates regarding governance matters.
Comparison of Candidates' Positions
The two main candidates have different attitudes towards encryption assets. One candidate has a clear stance, having participated in industry conferences and expressed support. The other candidate has a relatively vague position but is more moderate than the current government.
A certain candidate proposed several encryption-friendly policy suggestions, including:
- Establish a national Bitcoin reserve
- Establish a Digital Asset Advisory Committee
- Prevent the issuance of central bank digital currency
- Promote stablecoins and decentralized finance applications
In contrast, another candidate has not yet proposed specific policy plans but has indicated that they may adopt a more open stance.

VitaDAO has funded multiple high-potential projects in areas such as autophagy activators, early screening for Alzheimer's disease, and RNA therapies. These projects contribute to promoting healthy aging, and successful applications will significantly improve the diagnosis and treatment of age-related diseases.

Recently, the appreciation of the yen has led to a synchronous fall in the US dollar, gold, and Bitcoin, driven by a reversal of the yen carry trade caused by adjustments in the policies of the Bank of Japan. This has prompted investors to liquidate safe-haven assets to obtain US dollar liquidity. Although the short-term impact is significant, the long-term price impact on other assets is limited, primarily posing challenges to the Japanese economy, especially for export-oriented industries such as the automotive sector.

Lens V2: A New Chapter in Web3 Social
The V2 version of Lens Protocol has recently completed its migration work. This new version is built on the core concepts of openness, composability, profit-sharing, trust, and security, bringing exciting functional updates to users. Users can not only interact with smart contracts within social media but also execute external smart contract operations in Lens publications.
As one of the pioneers in the Web3 social network space, Lens is committed to overcoming the limitations of traditional Web2 platforms. The CEO of Lens Protocol stated that the goal of V1 is to launch a Web3 social network, promote innovation, and test tools that benefit the Lens ecosystem. V2, on the other hand, pursues a more flexible modular design aimed at further increasing user autonomy in the social networking experience. Lens V2 is expected to enhance social capital and user experience.

According to reports, the first 2x go long Galaxy ETF (GLXU) officially started trading on August 8. This news was announced by a well-known ETF analyst on social media. The launch of this ETF marks another innovative product in the digital asset investment field, providing investors with new leveraged investment options. The emergence of such products reflects the ongoing demand for Crypto Assets-related investment vehicles in the market, while also highlighting the gradual opening of the regulatory environment. However, investors should still exercise caution when participating in such high-leverage products and fully assess the risks.