Mainnet Launch

Web3 domain names serve as the foundation for decentralized identification verification, demonstrating excellent performance in the DID field. Development trends include multi-chain support, collaboration with social platforms, enhanced practical value, and changes in the competitive landscape, indicating a broad development prospect in the future.

Significant Progress in the Hong Kong Virtual Asset Sector: A Review of 2024 In 2024, Hong Kong achieved several significant breakthroughs in the virtual asset sector, showcasing its determination to become Asia's leading digital asset hub, from the improvement of regulatory frameworks to the launch of innovative products. Spot cryptocurrency ETFs make their debut In April, the Hong Kong Securities and Futures Commission officially approved the first batch of virtual asset spot ETFs, including Bitcoin and Ethereum products. This marks the first time such investment tools have been launched in the Asian market, especially the Ethereum ETF, which is a global first, highlighting Hong Kong's leading position in digital asset innovation. Progress of Virtual Asset Trading Platform License In June, as the transition period nears its end, several virtual asset trading platforms are actively applying for licenses. Although some well-known platforms have chosen to withdraw their applications, this process is still driving the industry towards a more standardized direction. The development of the stablecoin ecosystem July,

Latest Updates and Thoughts on the DeFi Ecosystem Recently, a series of important events have occurred in the DeFi field, ranging from regulatory easing to governance attacks, from stablecoin decoupling to the development of new chain ecosystems, presenting a complex and changing landscape. This article will sort and analyze these events, exploring their impact on the future development of DeFi. sUSD decoupling issue continues Since the SIP-420 proposal was passed, sUSD has shown a significant depegging phenomenon, recently even dropping below $0.9. The proposal introduced a "delegation pool" mechanism aimed at improving SNX minting efficiency and reducing liquidation risk. However, this design has also brought some issues: 1. The market still lacks confidence in the endogenous collateral of SNX-sUSD. 2. The increase in sUSD supply has led to a serious imbalance in the Curve pool. 3.

Recently, a research report on the digital dollar has attracted widespread attention in the industry. The report predicts that 2025 could become an important turning point for the application of Blockchain in the financial and public sectors, a trend primarily driven by regulatory changes. The report holds an optimistic view on the prospects of the stablecoin market. It is expected that by 2030, the total circulating supply of stablecoins could reach $1.6 trillion under the base case scenario, and $3.7 trillion under the optimistic case scenario, with even the pessimistic case expected to reach around $500 billion. It is anticipated that USD-denominated stablecoins will continue to dominate, accounting for about 90% of the market share. Meanwhile, non-U.S. countries may be more inclined to promote the development of their own central bank digital currencies. The regulatory framework for stablecoins in the United States may stimulate new demand for U.S. Treasury bonds. By 2030, stablecoin issuers are expected to become one of the major holders of U.S. Treasury bonds. Despite stablecoins being through

The Civil and Criminal Boundaries in Virtual Money Investment Disputes In recent years, the regulatory policies regarding Virtual Money in our country have gradually become clearer. Since the release of the "9.24 Notification" in 2021, a general consensus has formed: our country does not prohibit citizens from investing in Virtual Money and its derivatives, but if it violates public order and morals, the law will not provide protection, and the risks are borne by the individuals. At the same time, since Virtual Money does not have the status of legal tender, it should not circulate as currency in the market. This has led to some dilemmas in judicial practice. On one hand, civil courts are becoming increasingly cautious about filing cases related to Virtual Money disputes; on the other hand, the evidentiary standards for criminal cases are quite high. However, the recognition of the property attributes of mainstream Virtual Money by judicial authorities is gradually increasing, and sometimes even controversial rulings occur. This article will explore the boundary between "civil disputes" and "criminal offenses" in virtual money investment disputes through a specific case. I. Case Overview