Stable L1 offers a distinct advantage with its "Enterprise-Focused" strategy. It has features like guaranteed blockspace, a transfer aggregator, and confidential features for compliance. By leveraging its investor networks with its infra, Stable has the potential to fuel Tether's next growth phase.

This article explores how Jito's block assembly marketplace improves Solana's MEV ecosystem and how it will affect Solana's overall ecosystem.

This article examines Ethereum's development goals outlined in its newly announced 'Lean Ethereum' long-term roadmap, and explores how this approach differs from Sui's methodology.

A working group on Executive Order 14178 published a 166-page report today outlining how the U.S. can lead the blockchain industry and usher in a "Golden Age of Crypto."

The time to buy $HYPE has never been better.

[ASA News] is a bi-weekly newsletter where we share the most important news related to stablecoin in Asia. (2025.07.13~07.26)

The Ether Machine presents a new corporate crypto strategy beyond MicroStrategy, operating not by passively holding Ethereum, but by actively generating yield through staking, restaking, and DeFi-based asset management.

This memo outlines the key pillars of the $ENA thesis and explains why Ethena sits at the center of the coming stablecoin boom.

In July 2025, the mass purchase of 62 CryptoPunks reignited the NFT market and activated Ethereum’s burn mechanism, signaling a structural symbiosis and the potential rise of next metas like GameFi, SocialFi, and RWA.

How is a KRW stablecoin really different from prepaid funds in Korea?

A KRW stablecoin can serve a practical role as the infrastructure for the distribution and settlement of security-like assets.

How is Shopify innovating stablecoin-based payments with Coinbase & Stripe?

The purpose of this memo is to review what Story has built, measure early signs of traction, and outline the metrics that must improve if the project is to justify its valuation.

*[ASA News] is a bi-weekly newsletter where we share the most important news related to stablecoin in Asia. (2025.06.29~07.12)

ACP is a multi-agent framework developed by the Virtuals Protocol. This article explores the background and operational principles of ACP, and takes a close look at its potential role in the emerging era of multi-agent systems, particularly as a protocol specialized for agent-to-agent commerce.

What if Stripe launches its own L1?

This article explores how EigenClound and Boundless, the two projects implementing “verifiability”, approaches to achieve verifiable computing and the synergies of both.

Abstract, successfully implementing its consumer-focused blockchain strategy through its portal, XP system, and badges, partnered with K-Pop company Modhaus to support an innovative fan-driven entertainment platform where fans directly participate in artist governance.

In an era where trillions of dollars sit idle in bank accounts and stablecoins alike, Spark’s SLL offers a new paradigm: an automated, on-chain “autopilot” that constantly routes capital to the best opportunities in real time.

Korea’s KRW stablecoin lacks clear use cases, focusing mainly on issuance and regulation. Applying it to the lottery system could offer both practical usage and mass adoption, serving as a starting point for real social value.

Exchange support is an essential strategy for the initial growth of a KRW stablecoin.

obinhood has just thrown a major stone into the convergence pond, giving European users access to U.S stocks, ETFs, and even pre-IPO names such as OpenAI and SpaceX in the form of on-chain tokens that trade commission-free, 24 hours a day, 5 days a week on Arbitrum.

Jack Ma’s Ant Group, through its international unit, is preparing to apply for stablecoin issuer licenses in Hong Kong and Singapore, according to a Bloomberg report.

This article explores the background behind the emergence of Newton Protocol, which aims for verifiable AI finance, and explore the future of AI-based financial services that can be anticipated through Newton Protocol.

Yala's mainnet has launched. Let's take a look at how BTC holders can access sustainable yield through Yala.

The question of why Asian countries need their own stablecoins is similar to asking why we need local currencies like the Korean won when the dollar already exists.

On June 18, 2025, Iran's largest crypto exchange, Nobitex, was hacked, with up to $82 million in assets effectively destroyed alongside a political message. The attack by hacker group “Gonjeshke Darande” shows the Iran-Israel conflict has reached the cyber stage.

Exploring Affluent's role in shaping Web2.5 fintech at the intersection of blockchain and Telegram, where the next generation of fintech is emerging.

Bluefin’s recent trajectory shows why it’s considered a leading flagship dApp.

This article explores the historical attempts and limitations to automate vulnerability detection in the Web3 ecosystem, and discuss the significance of I.R.I.S.

X and Polymarket link real-time info with predictions. Grok AI analyzes tweets to guide users. Despite risks like misinformation, this fusion opens new info-based finance paths.

The next wave of successful blockchains may not start as blockchains at all. They will start as addictive games, must-use financial tools, or vibrant social networks, then gradually morph into full-fledged ecosystems.

The Ethereum Foundation announced a new financial policy in June 2025, aiming to shift from a sponsor to an ecosystem operator. It revised \$ETH sales, spending limits, and revenue strategies, introducing a value-driven DeFi-punk standard amid concerns over regulation and diversity.

Hyperliquid’s HLP vault inherits risk through time-based unwinds, a lagging global-ADL trigger, and collateral withdrawals mid-position, together exposing the protocol to outsized losses from thin-cap perps and orchestrated liquidity shocks.

Proposing the term “incentive hijacking” to describe the strategy of recently growing projects like Kaito.

From its XP-fueled discovery engine to guaranteed eyeballs and friction-free onboarding, Abstract gives indie devs something they’ve never had in crypto: a real chance at building, launching, and scaling hit games.

This article explores the concept and necessity of dark pools on both TradFi and Web3, along with the dark pool-related projects in current Web3 ecosystem.

This article explores the current hype of Loud! and how Kaito could benefit from the data produced by Loud!.

Through the hacking incident at Cetus, the largest decentralized exchange on the Sui Network, and the subsequent freezing and return of the stolen funds by the network, we explore critical questions around blockchain, decentralization, and censorship resistance.

Ethena manages a multibillion-dollar collateral mix (ETH, BTC, SOL, USDtb, etc.) with automated short positions across major derivatives venues, maintaining a flawless peg under extreme market volatility.

Exploring the significance of decentralized governance frameworks through Initia’s recent, and hotly debated, proposal.

We explain the 1 trillion dollar security initiative announced by the Ethereum Foundation, and suggest what it will take more to achieve true on-chain user security.

Spark, the on-chain capital allocator incubated by Sky (formerly MakerDAO), has just completed the first $1 billion tranche of the Spark Tokenization Grand Prix, the largest competitive procurement ever run by a DAO.

ZKsync’s current updates enhance its ecosystem with full EVM compatibility via an EVM interpreter in EraVM. It also introduces solx, a new Solidity compiler, reducing gas costs by 10-40% and enabling RISC-V compatibility. These updates positions ZKsync to compete with Optimism Superchain.

Buyback and burns provide a fairer, more widely shared upside than dividend distributions that disproportionately reward large stakes.

Let’s explore how Visa and Mastercard are building next-generation payment backend systems using blockchain and stablecoins.

Tether is addressing expansion challenges through horizontal strategies like USDT0 (a multichain token using LayerZero OFT for cross-chain transfers) and vertical strategies such as backing the Legacy Mesh in Arbitrum and Plasma.

Huma 2.0 signifies a transition from a closed, institution-oriented credit scheme to a permissionless defi protocol enabling everyday users to finance short-term payment flows.

Ethereum R1 is a non-profit rollup project that prioritizes neutrality and community values over commercial gains, and is operated through donations without its own token. Technically, it meets the Stage 2 rollup criteria, but securing sustainability remains a challenge.

Let’s take a look at the recent developments surrounding PYUSD and examine its strategic moves.

Mantle aims to bridge traditional finance and DeFi. Its integrated stack combines blockchain infrastructure, yield-bearing assets (mETH, fBTC), user-friendly apps (MI4, Mantle Banking), and AI capabilities for seamless financial experiences without technical complexity.

With the launch of the Initia Mainnet, this article serves as a guide to help you navigate the Multichain Garden of Eden without losing your way.

AI is evolving into advanced automation via MCP access to external data, but this raises security risks. Especially with blockchain, asset handling becomes dangerous. Thus, integrity checks and least privilege principles are crucial.

The proposals below outline how to retool InfoFi to emphasize earned reputation, project-specific alignment, and a truly data-driven information marketplace.

How can CPN, unveiled today by Circle revolutionize the international payment and remittance system?

Ethereum is stuck in the doldrums. While many point to technical factors like L2 “value leakage” or EIP-4844’s further reduction in L1 fee burn, the bigger problem is cultural and political.

With the advancement of the AI industry, the significance and size of the data privacy market are expected to grow steadily — and here, we explore Nillion’s role in this space.

As a liquidity layer, how can Yala unlock Bitcoin’s vast potential and transform it into a productive asset?

Based rollups use Ethereum block producers for sequencing to ensure decentralization and security but face block time limits. Pre-confirmations help by pre-securing transaction finality, improving UX for fast services and supporting ecosystem growth.

Uniswap Protocol has evolved from the AMM idea through development stages from v1 to v4 to improve user experience, and recently has been continuing efforts to solve cross-chain liquidity issues through infrastructure development such as intent protocols and Unichain.

Through the Bio V1 update, this article explore how the Bio Protocol is creating a more open and self-sustaining DeSci ecosystem

The rise of stablecoins is gaining traction, especially with Trump's pro-crypto stance. In South Korea, the rapid growth of dollar-based stablecoin is driving discussions about creating a legal framework for won-based stablecoins in the country's financial ecosystem.

How does Somnia address scalability through maximizing sequential transaction processing?

Examining the impact of sei’s recent acquisition consideration of 23andme on the DeSci ecosystem

Story currently relies on UMA’s Optimistic Oracle to resolve IP disputes. This introduces serious risks: capital-based voting favors whales, tokenholder incentives may diverge from fairness, and UMA’s low market cap exposes it to manipulation and low voter turnout.

As Walrus secures investment totaling $140M from prominent investors, we examine Walrus's tokenomics and token utility.

As the number of networks grows and fragments, LayerZero’s role as the foundational “Layer 0” connecting these ecosystems becomes increasingly crucial.

Zircuit is rapidly developing AI agents and Sequencer Level Security (SLS) 3.0 to create a "Cognitive Blockchain" that automates security and finance. Prioritizing AI-driven security, it enables users to focus on finance and development, pioneering AI-blockchain convergence.

Taiko decentralized its sequencer with a based rollup and launched Taiko DAO for community governance. It uses optimistic governance and a security council for emergencies, but ensuring transparency is key to aligning with its decentralization philosophy ahead of its 2025 launch.

In response to the $1.4 billion Bybit hack in February 2025, caused by developer laptop infiltration and AWS manipulation, Safe demonstrated swift security enhancements and transparent communication, proving the resilience of its core protocol and maintaining strong user trust.

Exploring Injective's Core EVM implementaion

Aria Protocol is bringing major music IPs like BTS’s The Truth Untold on-chain via Story to enable fractionalized, tradable royalty rights.

Fragmetric is a liquid restaking protocol within the Solana ecosystem that effectively tracks LRT holders and calculates contributions on-chain through solutions that are Only Possible on Solana.

Bybit experienced the largest hack in crypto history, losing $1.4 billion worth of ETH due to a frontend vulnerability. The incident highlighted the crypto industry's ability to coordinate openly during crises, with various entities working together to mitigate.

As the importance of reputation continues to grow, we explore the use cases, key projects, and significance of on-chain reputation solutions.

Fintech companies are entering crypto to make their financial services better, from trading to asset management. However, crypto companies haven't yet focused on capturing fintech customers.

Kaito's product has undeniably found pmf, but the role of $KAITO remains uncertain. While the whitepaper outlines its functions in governance, as a network currency, and as a tool for influencing the distribution of attention, it's uncertain whether these features will generate market demand

Cosmos expanded interoperability with IBC and Tendermint, but $ATOM's weak economic ties and high inflation reduced the hub's centrality. Internal conflicts and a closed culture led to missed opportunities, giving way to LayerZero. However, the Cosmos SDK still holds potential.

Discussing how the Walrus protocol, developed by Mysten Labs, differs from existing storage protocols and what aspects we should pay attention to.

In the rollup-based L2 ecosystem, MEV is an important revenue model, but issues such as sequencer centralization exist. To address this, Radius plans to enhance the sustainability and fairness of the rollup economy by providing Lighthouse and SBB solutions.

Oracles primarily serve to bring off-chain data onto the blockchain, but each oracle project has its own unique differentiators. This article compares RedStone with Chainlink and Pyth Network to examine its competitive advantages.

Implementing "Composability" between smart contracts requires significant manual effort from developers. They must understand contract architectures, craft specific contracts for interactions, and develop specialized systems for management.

An overview of ongoing AI initiatives within the Injective ecosystem

Terra's failure highlighted the limits of algorithmic stablecoins and the risks of single collateral, prompting the blockchain industry to pursue stability through diversification and flexible design.

mETH Protocol has become the fastest liquid staking protocol on Ethereum to reach $1 billion in TVL.

Zircuit applies the AI-powered Sequencer Level Security (SLS) protocol to blockchain infrastructure to enhance transaction verification accuracy, improve user convenience, strengthen security, and boost network efficiency and reliability.

FLock.io aims to consistently realize and strengthen its vision of democratizing the entire lifecycle of AI model creation by taking initiatives to more practically integrate edge computing concepts into its existing architecture.

As a full-stack L1 blockchain, Plume's purpose-built RWA Chain specializes in bringing RWAs onchain into a RWAfi ecosystem.

The zero-knowledge virtual machine boosts blockchain security and scalability, enabling confidential transaction validation. Tools like RiscZero and Taiko enhance networks, central to Web3 innovation.

Abstract is an Ethereum Layer 2 focused on making blockchain accessible to mainstream users. The three founders, each accomplished leaders in their respective fields, have come together to build a consumer-focused blockchain

BioDAOs about to make bank from the BIO rewards, and the market has missed it.

To service these blockchains effectively, oracles must be more efficient and universal. RedStone addresses this need through its comprehensive Pull and Push oracle offering and modular structure, which enables creation of bespoke solutions tailored to DeFi builders.

The PENGU token was a strategic choice to transcend the limited reach of Ethereum NFT projects. Through extensive airdrops that included holders from Solana ecosystem and other NFTs, they secured a new community members through the token.

Since the 20th, voting has been underway on LayerZero’s first multichain governance proposal regarding the introduction of fee switching. This article takes an in-depth look at the various concerns and significances surrounding this governance proposal.

Multichain strategy has now become essential. One of the most common approaches is using "Token Framework" built on top of cross-chain messaging protocols, which enables token transfers and management across blockchains.

Story has introduced Agent TCP/IP, a trustless framework that enables agents to autonomously sell, license, and collaborate by leveraging their unique expertise, data, and creations.

Discussing the rapidly changing blockchain market investment trends and sharing perspectives on Hyperliquid's centralization issue.

After the U.S. election, Polymarket's metrics declined, emphasizing the need for information finance and AI integration to improve reliability and decision-making. Prediction markets could become key to blockchain innovation.

Safe has announced Safenet, a decentralized transaction processing network that provides a more unified transaction experience across various blockchains. To understand the implications of this new infrastructure, we need to understand the general flow of crypto assets.

Let's look into the potential of Pendle and Boros

Opinions regarding various recent unusual behaviors on Pump.fun and the concerned voices about these incidents.

Is there really a reason we like something? If I were to pick one project that I currently find the most intriguing and interesting, it would be Puffpaw. I’m neither a smoker nor a vape user, so why am I drawn to Puffpaw?

Analyzing the Causes of the Sui Network Outage and Discussing Future Prospects

Discussing purpose-driven blockchain with Jason from Story and Luca from Abstract.

Ethereum's Beam Chain improves scalability but faces criticism for a slow roadmap and competitiveness in a fast-changing blockchain space.

Let's take a look at what makes Virtuals Protocol stand out in the AI agent cycle.

This issue article explores the feasibility and implications of direct revenue sharing mechanisms for token holders.

The success of Eclipse will depend on whether it can bring use cases that are "Only Possible on Eclipse." It will be important to build new dapps and also blend the two ecosystems.

Currently, Safe secures around $70B in crypto assets, surpassing the combined holdings of OKX and Robinhood. However, Safe is more than a multi-sig wallet. Safe's vision is to become the "Ownership Layer of Crypto."

Recent analysis of tokens listed on Binance reveals that the anticipated price boost following a listing has often fallen short of market expectations

Worship me, Kittens!

Polymarket, a blockchain prediction platform, is popular for the U.S. election but faces challenges with data accuracy due to manipulation concerns, user bias, and limited accessibility; addressing these could enhance its credibility in prediction markets.

The PoR mechanism in Swell L2 creates an incentive cycle economy. On-chain activities using rswETH generate revenue for AVSs, which then flows back into rswETH, potentially enhancing ecosystem liquidity, sustainability, and decentralization.

Superchain is leading the charge in making the fragmented rollup ecosystem more cohesive. Will this trend continue? There are also some hurdles and pitfalls to avoid, and lessons to learn from the experiences of Cosmos Hub and Cosmos-SDK.

This article discusses how federated learning can counter the rise of centralized AI, where personalization ruins personalization.

Let's examine the potential scenarios that could revitalize the crypto market

Recently, $GOAT and Terminal of Truth (ToT) has captivated all of mindshares, marking the first major convergence of AI and memecoins. This phenomenon has highlighted new possibilities for AI in the crypto market, moving beyond traditional Q&A machines to showcase its potential as autonomous agents.

In this article, we'll examine the current state of the Sei Ecosystem, highlighting both its strengths and areas for improvement.

Cryptocurrency payments are gaining traction with initiatives addressing challenges like volatility, scalability, and regulation through stablecoins, payment networks, and integration with traditional systems, paving the way for broader adoption and transforming global financial transactions.

Stripe has acquired Bridge, a stablecoin API startup, for $1.1 billion, marking its biggest crypto sector deal and signaling a strong commitment to the stablecoin market.

Let's look into the Unichain Validation Network and the future of L2 tokenomics.

This article highlights the significance of mobile device initiatives like Seeker and SuiPlay0X1, which have gained significant attention this year, in driving broader crypto adoption by delivering a more immersive and concentrated Web3 experience.

In this report, we analyze the underlying causes of $EIGEN’s underperformance and discuss its future outlook

Solving the discovery problem for consumer crypto services is crucial for wider adoption. The chain, or platform that cracks this puzzle would gain a competitive edge compared to its contenders

Let's explore the definition of purpose-driven blockchains and why Injective is considered a prime example of a purpose-driven blockchain.

Introduction to Unichain and outlook on app-specific L2s

Let's explore DeepBook, which will serve as the liquidity layer for Sui, and through this, discuss the advantages of Sui.

Is Ethena's yield sustainable? This question often arises in the crypto community, particularly among Korean investors. My answer is "Yes" — the risks are low and actively managed.

LayerZero introduced its "Restaking DVN Framework," developed in collaboration with EigenLayer. This framework enables restaking to the DVN network, a verification marketplace for omnichain messaging in LayerZero.

The Top-Down approach, particularly for trading tokens across multiple blockchains through a single entry point, is seeing the most active development. In this article, we'll explore some advancements in this "Omnichain Trading Experience."

Let's look into the concept and potential of Dencentralized Energy Network

Is lzCatalyst just “Another Investment/Grant Program” from a mature protocol? In this opinion piece, we'll delve into what it means to build a cross-chain product.

Will all applications eventually launch their own chains? If so, which applications will remain on underlying layers (L1 or general-purpose L2s), and which will opt for dedicated chains?

UBI provides a fixed income to all, addressing declining labor value from AI. Sam Altman's UBI experiment reduced financial stress but slightly lowered labor participation. Blockchain is viewed as an ideal global infrastructure for UBI implementation.

As our previous article terms it, KYVE is the blockchain that solves blockchain problems related to data. The KYVE blockchain itself acts as a data coordinator, in this pipeline. It has a data source comprised of blockchains and tools for developers to help access them.

In August 2024, the arrest of Telegram founder Pavel Durov for alleged criminal activity highlighted the risks of a service relying too much on its founder. It emphasized the need for decentralization, such as using smart contracts, to allow services to operate independently of external pressures.

What could be the next contender? The Euro is certainly increasing its market share, but an overlooked currency is the "Japanese Yen Stablecoin." I believe it has a strong potential to increase its market share in the coming year.

A recent article on Taiko as the 'True Ethereum L2' sparked debate on X about rollup technology and its link to Ethereum. Projects like Taiko must achieve decentralization, security, scalability, and meet Vitalik Buterin's rollup criteria to be seen as True Ethereum L2 solutions.

Welcome to the 3rd episode of Consumer Notes, a newsletter covering the latest news and insights in consumer crypto. In this episode, we cover the emergence of vertical blockchains, as an alternative form of general-purpose blockchains or app-specific chains.

As the crypto industry enters this consumer application phase, Polymarket's success in temporarily replacing existing prediction markets carries significant implications.

Taiko stands out as a project with a clear roadmap for decentralization. Let's explore why.

As these discussions quite clearly show Vitalik's perspective on DeFi and provide various topics and insights related to DeFi, it's necessary to examine them closely.

When I first introduced Injective, I noted that its greatest strength lies in its “consistency.”

This article examines Bitcoin's major past upgrades and explores OP_CAT, the anticipated next significant upgrade.

Welcome to the Consumer Notes, a bi-weekly newsletter covering the latest news and developments in consumer crypto. Consumer Notes is curated by Four Pillars, a research firm providing in-depth insights into the narratives and technologies in crypto.

However, I believe that reducing the entire blockchain industry to a casino game obsessed with money is a mistake.

In this opinion article, let's look into what asset classes are in the Bitcoin ecosystem and how each asset class is performing.

The process of DeFi protocols creating their unique value through such attempts, which cannot be provided by CEX or CeFi, will continue to be an important point to watch in gradually increasing DEX activity in the future.

This incident will serve as a wake-up call for other DeFi services. The key point is that decentralized governance can only be realized when participants remain vigilant and engaged. Otherwise, more governance attack cases that undermine the foundation of DAOs will occur.

In this opinion article, let’s look into the technological changes in the Bitcoin ecosystem, on the emerging L2 solutions.

This enables the authorized party to transfer or use a specified amount of tokens without the owner having to transfer them directly. This function is widely used across various DeFi services.

We are now witnessing the “Next Phase of Bitcoin.” Undeniably, Bitcoin is the biggest asset in crypto and has been recognized by many institutions and crypto ecosystem. It boosts $1.3 Trillion, which account for 40% of total crypto market.

Below, you can also find the Roundup, which summarizes the major market news, along with our Curated Insights, a curated selection of materials that offer valuable insights into the latest trends in consumer crypto.

Futarchy certainly has several advantages and seems capable of addressing some of the “irresponsibility” issues inherent in democracy.

Layer2s pay rent to the settlement blockchain to leverage its security and liquidity. However, in the Ethereum ecosystem, the value only flows into Ethereum.

What were the experiments in staking in Cosmos, and what are the takeaways? These lessons will be valuable to AVS in restaking protocols, as they would need to consider how (re)staked assets should be utilized, and be part of their economics.

However, there is another perspective on this matter. Our daily lives are increasingly becoming intertwined with the digital world, which is continuously evolving.

But what does it mean to have solved the “scalability” issue? Let’s take a closer look at Sui’s consensus and mempool model.

What's next for zkRollups? Terms such as STARK, Co-Processor, prover marketplace, shared prover, and zk aggregating layer frequently appear in many projects.

The impact of Ethereum ETFs will be significant in bringing attention to onchain activities but will primarily benefit custodians and issuers for now. Issuers will have more fee revenus if there are continuous inflow to the ETF.

Naturally, supporters must also remain vigilant, continuously questioning and monitoring to ensure that these politicians genuinely advance the cause of cryptocurrencies rather than discarding the issue after securing votes.

Injective describes itself as a “Blockchain Built for Finance.” Observing their recent activities, it is evident that they are not merely a chain specialized in DeFi, but are making strides to encompass the entire financial system at the blockchain level.

Nonetheless, for the funnel of crypto adoption—from acquiring crypto assets to utilizing them on-chain—to become more robust and seamless, innovation in the initial experience (i.e., trading) is crucial.

This evolution is why The Graph should not be viewed solely as a data indexer and query service. By hosting AI models, The Graph can achieve significant growth beyond its current scope.

The first OEV (Oracle Extractable Value) has been captured in Ethereum by Oval. This means the profits previously captured by searchers from oracle price updates can now be captured by DeFi dapps.

The fundamental premise of Story is to trust the protocol’s consensus as the "source of truth." But what is the truth here? No one knows.