In the context of a sluggish NFT market, the Boxxer project stands out with its unique "cardboard head" character design and dynamic ecosystem. The team believes that the industry is moving towards maturity, and that NFTs will be widely applied in various fields in the future. By enhancing community engagement and user education, Boxxer offers hope for attracting new users and demonstrates the potential for growth in a Bear Market.

Hydro Protocol is the first liquid staking derivation protocol of Injective Network, aimed at promoting the development of the LSDFi ecosystem. Users can deposit INJ tokens to obtain hINJ and enjoy staking rewards, mining, and automatic compound interest functionalities. At the same time, the HDRO token serves as a governance and utility token to facilitate the ecological construction of the protocol. The platform is expected to launch in September 2023, and in the future, it will promote the development of real yield aggregators.

In 2025, Ethereum will welcome the Pectra upgrade and Verkle Transition, enhancing network security and node efficiency. At the same time, the DeFi, RWA, and stablecoin markets are expected to continue to rise, and the NFT market is also expected to recover, driving the ETH price pump.

Recently, the crypto market has risen again, with Bitcoin and Ethereum performing well, but altcoins have not been able to keep up. The reasons include a shift in investor sentiment, changes in market trends, and a decline in trust. In the future, altcoins need to restructure their mechanisms and follow user demands to survive in the competition.

Avalanche C-Chain has recovered during market turbulence, with active addresses and protocol TVL continuing to rise. Smart investors focus on steady returns and infrastructure, selecting long-term value projects. Stable return strategies serve as market defenses, emphasizing transparency and liquidity, which lays the foundation for the next bull run.

The Huiwang payment platform frequently conducts fund movements on the TRON chain, with a total withdrawal amount reaching 57.2 billion USDT and deposits of 54.4 billion USDT between 2024 and 2025, resulting in a net outflow of 2.771 billion USDT. The trading frequency is high, and the number of active users continues to increase, attracting regulatory attention. Relevant agencies have taken measures such as freezing and prohibiting Financial Service, and the platform's situation is complex and requires further investigation.

Last week, there were a total of 21 investment and financing events in the global Blockchain industry, with a total scale exceeding 133 million USD, among which DeFi, Web3 games, and infrastructure sectors were active. Notable financing includes the stablecoin company Conduit raising 36 million USD in Series A financing and the AI project Freysa AI raising 30 million USD.

The compliance issues in virtual asset trading are becoming increasingly serious, with KYC, eKYC, AML, and CTF being key concepts. KYC ensures the authenticity of customer identification, eKYC improves efficiency but faces new challenges. AML and CTF prevent financial crimes. The development of Web3 brings compliance challenges, requiring exploration of new solutions to balance regulation and innovation.

The ERC-7683 standard aims to simplify cross-chain transactions by addressing issues of security, high Gas fees, and operational complexity through a shared execution network, enhancing user experience and flexibility. This standard provides a clear cross-chain transfer path for the Ethereum ecosystem and promotes liquidity improvement, attracting more users and transaction executors.

The Runes protocol is based on the Bitcoin network, innovating the issuance mechanism and combining the concept of fair launch, with the potential to become a new generation of issuance coin standard that surpasses ERC20. Its flexible transfer and minting functions, along with market potential, give it a competitive advantage and may allow it to occupy an important position in the future.

The crypto market has recently experienced significant fluctuations, with Bitcoin falling from nearly $70,000 to $66,000, reaching a three-week low. Although there is a short-term pullback, analysts remain optimistic about the market's long-term prospects, believing that now is an opportunity to accumulate Crypto Assets. Market trends will be influenced by CPI data and Fed decisions.

This article provides a comparative analysis of the staking mechanisms of Ethereum and Polkadot. Ethereum adopts a PoS mechanism with a relatively high staking threshold, while Polkadot offers various staking methods with a lower threshold. Although Ethereum's liquid staking market is more mature, Polkadot has advantages in loan-to-value and participation flexibility. Both are expected to change the current situation due to their respective upgrades and developments in the future.

The ENA Airdrop event has entered its third season, and participants can enjoy a 10% points boost through the event link. Meanwhile, the AirdropZone.cn community has launched an airdrop calculator to help users estimate potential rewards. The calculator is easy to use and supports different Wallet types. The total rewards for the third season are expected to be 5% of the total amount, which is 750 million tokens, and there will be future enhancements for yield calculation features. Feedback is welcome to improve the tool.

Merkle Tree proof of reserves is widely used in Centralized Exchanges of crypto assets to enhance asset transparency and user trust. However, it has limitations such as insufficient real-time updates, frontend fraud risks, and an inability to comprehensively reflect financial status. Nevertheless, this mechanism remains an important step towards promoting industry transparency and needs to be combined with other security measures to enhance user confidence. In the future, we look forward to more innovative mechanisms and regulatory frameworks to improve industry security.

2025 Stablecoin Overview: A Comprehensive Perspective on 12 Public Chain Ecosystems
In 2025, stablecoins have become the most prominent area in the crypto market. As of May 22, the total market capitalization of stablecoins has exceeded $245 billion. Behind this rapid growth, various public chains are subtly vying for power and engaging in fierce competition. Stablecoins, as one of the main forms of asset accumulation, are not only an important indicator of capital flow but also reflect the recognition of various public chains in the market. This article provides an in-depth analysis of the stablecoin data of the 12 leading public chains, attempting to depict a panoramic view of the development of public chain stablecoins.
Ethereum: Relying on USDC to Maintain Half of Its Market Share
The market value of Ethereum's stablecoins has reached $122.5 billion, accounting for 50% of the total issuance of all stablecoins. Among them, USDT has the highest share, approximately 50%. However, from the perspective of USDT, the issuance on Ethereum is expected to be in early 2025.

Structured investments in the Web3 sector offer high-net-worth investors flexible options, including fixed-income products, convertible bonds, and risk-layered funds, bringing both opportunities and challenges. However, compliance issues need to be taken seriously, such as investor qualifications and capital flows. Therefore, investors should strengthen their risk identification and compliance awareness to ensure reasonable participation.

The Frenzy and Games of Encrypting US Stocks: From Premiums to Arbitrage
In the summer of 2025, the encrypted US stock market experienced a wave of enthusiasm. Unlike traditional tech giants, the "strategic holding of coins" in US stocks that incorporated Bitcoin into their balance sheets became the real protagonist. Among them, MicroStrategy (MSTR) stood out with a remarkable performance, with its stock price soaring 208.7% in the past year, far exceeding Bitcoin's 94% increase.
In this new narrative of capital, indicators such as market cap/net asset value premium (mNAV), borrowing rates, and short positions have become the focal points for traders. This article will delve into the frenzy and gamesmanship of "strategic holding" in US stocks from the perspectives of three professional traders.
The Truth About "Strategic Holding" in US Stocks
Most traders adopt the strategy of "long BTC, short MSTR" to exploit the differences in implied volatility (IV) for Arbitrage. This strategy is essentially a judgment on the "premium regression range."
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