U.S. 6-Month Treasury Auction as of August 4 - Awarded Interest Rate Allocation Percentage

Last week, there were a total of 11 investment and financing events in the global blockchain field, with a total scale exceeding $116 million, mainly concentrated in DeFi, infrastructure and tools, and CeFi. Projects such as Sentora, Doppel, and Fuze received significant funding, promoting the development of blockchain technology and applications.

RWA (Real World Asset) projects are increasingly gaining follow in the Web3 space, involving asset tokenization and compliance issues. RWA must be based on real assets, and the compliance layers include sandbox compliance and administrative regulation. Lawyers recommend operating in policy-friendly regions and ensuring the authenticity of assets, exploring pathways for industry compliance while being vigilant about compliance risks and maintaining the importance of the legal framework.

Circle went public on the New York Stock Exchange, marking an important milestone in the encryption industry, with USDC's market share reaching 25%. On its first day of trading, the stock price surged by 168.48%, demonstrating market enthusiasm. This event has raised awareness of stablecoins in the TradFi sector, and the stablecoin market is expected to grow further in the future.

BRC-20 Tokens utilize Bitcoin's Ordinal protocol to create interchangeable tokens, but face data processing and centralization risks. The Trac protocol has emerged to provide token tracking, verification, and convenient trading functions, enhancing the scalability and security of BRC-20 Tokens, bringing innovation and convenience to the Bitcoin ecosystem.

The Triple Dilemma of Stablecoins: A Look at the Future of Digital Money from the BIS Report In the field of cryptocurrency, stablecoins are undoubtedly one of the most striking innovations in recent years. By being pegged to fiat currencies like the US dollar, they provide a "safe haven" of value for the volatile crypto world and have gradually become an important infrastructure for decentralized finance and global payments. Its market capitalization has soared from zero to hundreds of billions of dollars, seemingly heralding the rise of a new form of currency. However, just as the market was celebrating, the Bank for International Settlements issued a stern warning in its latest economic report. The report clearly states that stablecoins are not real currency, and behind their seemingly prosperous ecosystem lies systemic risks that could shake the entire financial system. This conclusion is like a cold shower, forcing us to reassess the nature of stablecoins. This article will delve into the interpretation of this report, focusing on its proposed "Triple Gate" theory of currency - that is, any reliable currency system.