Mainnet Launch

The Blast project completed the $Blast token airdrop on June 26, as an emerging force in the Layer 2 ecosystem, aiming to enhance capital returns. The project is based on Optimistic Rollups, providing fixed returns in ETH and stablecoins, with a strong market response and a TVL reaching $1.6 billion. Blast's ecosystem is diversified, covering DeFi, SocialFi, and still has potential for the future but faces systemic risks.

The BitVM bridge has successfully executed on the Bitcoin Mainnet, demonstrating its ability to handle non-standard transactions. The demonstration included scenarios with honest and malicious brokers, verifying the system's security and fund protection mechanisms. This breakthrough lays the foundation for the development of Decentralized Finance applications and marks an important advancement in Bitcoin technology.

Decentralized cloud computing is gradually rising, especially showing strong potential in the AI Computing Power field. The DePIN ecological framework addresses the monopoly issue of computing power resources through a P2P economic model, driving strategic cooperation among Io.net, Exabit, and PingPong, and promoting the transformation of computing power services. Although facing limitations in resources and scale, the future market urgently needs innovative models to further break through the barriers of traditional cloud computing.

A large financial group in Cambodia has had nearly 30 million USDT frozen due to non-compliant trading, affecting 75% of its reserves. The incident is related to a theft case at a Japanese exchange, highlighting the compliance challenges in the encryption industry. The group quickly activated a new Address to meet user demands; although the outflow of funds is significant, it generally meets withdrawal requests.

Recently, the Crypto Assets market has shown a volatile upward trend, with Bitcoin and Ethereum exhibiting distinct performances. From the four-hour chart analysis, Bitcoin has been slowly rising amidst alternating bullish and bearish conditions, reflecting intense competition between the bulls and bears. Although there has been a slight pullback, the overall trend remains near the upper band of the Bollinger Bands, indicating that the upward trend has not changed. In comparison, Ethereum's overall performance appears to be stronger. From its four-hour chart, it can be observed that the Bollinger Bands are in an upward opening state, a technical indicator suggesting that bullish strength is slightly dominant. This phenomenon also aligns with the views of market analysts. Based on the current market situation, investors may consider establishing long positions when the Bitcoin price approaches the range of 114200 to 114700, with a target price set near 116000. For Ethereum, entry opportunities can be sought in the price range of 3620 to 3650, with a target price aimed around 3720. It is worth noting that Ethereum ETF products have performed well recently, showing net inflows for 12 consecutive weeks. This continued inflow of funds may have a positive impact on the price trend of Ethereum, and investors might consider this factor when formulating trading strategies. However, the crypto assets market has always been highly volatile, and investors must be cautious when participating in trading, manage risks properly, and adjust strategies in a timely manner according to market changes.