TxFailed

The segmented track in RWA that cannot be ignored: the value, exploration, and practice of fund tokenization.
When we talk about RWA, we focus more on underlying assets such as US Treasury bonds, fixed income, and securities. In fact, currently, apart from stablecoins, the largest RWA project by asset size is the money market fund. The top three projects by asset size are: Franklin Templeton: $312 million ( government bonds ); followed by Centrifuge: $247 million ( asset-backed ); Ondo Finance: $183 million ( government bonds ).
Franklin Templeton is completely a tokenized fund, Ondo

The New Logic of Web3 Entrepreneurship under the New Order of Global Trade
Deteriorating macro environment - a new order is forming amidst the crisis
Finance is beginning to enter a chaotic era.
Since Trump returned to the White House, a series of unexpected economic and political moves have caused continuous turbulence in global markets. Among them, one of the most shocking measures is the escalation of tariff policies: starting from April 5, 2025, the United States will impose a uniform "baseline tariff" of 10% on all imported goods, and impose higher "reciprocal tariffs" on China, Vietnam, and 58 other countries. In the short term, Trump's tariff stick has led to massive fluctuations in the global market: U.S. Treasuries faced a wave of selling, with the 10-year Treasury yield soaring to over 4.5%, marking the largest single-week increase in 20 years; U.S. stocks experienced violent fluctuations, nearly triggering a circuit breaker; the U.S. dollar index continued to decline, recording the largest daily drop in several years.
The old international economic system centered around the United States established after World War II is facing the risk of collapse:

The USDC blacklist has raised concerns in the Decentralized Finance industry.
Recently, an incident involving a USDC address being blacklisted has sparked widespread discussion in the cryptocurrency industry. This practice could have far-reaching effects on cryptocurrencies, particularly in the rapidly growing Decentralized Finance sector.
In March of this year, the COVID-19 pandemic led to a significant drop in the cryptocurrency market, and the decentralized stablecoin DAI was also affected. To address this situation, the MakerDAO community decided to introduce USDC, which is pegged to the USD, as collateral. However, the issuer of USDC recently suddenly blacklisted an address and froze stablecoins worth $100,000 at that address.
It is reported that the relevant freezing operation occurred in mid-June, marking the first time this address has been blacklisted. The issuer stated that they can confirm whether certain addresses will be blacklisted based on law enforcement requests, but cannot comment on specific details. The blacklisted address will

Rug Pull is a common scam tactic in the Crypto Assets industry, involving a large number of undiscovered projects. Data shows that 12% of Tokens on a certain well-known public chain exhibit fraudulent characteristics, with scammers hiding malicious code through smart contracts to deceive investors. Investors need to be wary of such risks, and regulatory agencies should also strengthen their crackdown efforts.

Tokenization of real-world assets: An important application of blockchain technology
Real World Asset (RWA) tokenization is becoming one of the most influential applications of Blockchain technology globally. This technology is expected to bring greater efficiency and security to financial markets in the digital age.
Industry experts point out that with the decline in on-chain yields and the Federal Reserve's interest rate hikes, a significant differentiation has emerged between on-chain and off-chain interest rates. RWA may bridge this gap. Although the stablecoin market is the cornerstone of the crypto ecosystem, these assets have not been fully utilized for a long time. The emergence of RWA provides a possibility to address this issue, becoming a disruptive force in 2023, unlocking the potential of this asset class and fundamentally changing the ways in which value is created, transferred, and stored.
Currently, the industry's focus has shifted to the tokenization of regulated financial instruments, such as treasury bonds, real estate, precious metals, and artworks, which are considered the most viable tokenized assets. A certain platform is promoting...

Cross-chain bridges security incident review: Nearly 2 billion USD in assets affected
There are many public chains in the blockchain ecosystem, but most chains lack mainstream assets. To acquire these assets, many projects have had to rely on cross-chain bridges to transfer assets from major public chains like Ethereum. However, recent security incidents in the DeFi space have made cross-chain bridges popular targets for hackers due to their large capital flows and frequent operations. This article will review the 10 major cross-chain bridge attack incidents that have occurred in the past, summarize the lessons learned, and aim to remind development teams and users to remain vigilant.
It is worth noting that cross-chain bridge projects with strong capabilities and a good background are often more capable of recovering assets or providing compensation after experiencing security incidents. Therefore, users may find it more prudent to prioritize projects with solid strength when selecting cross-chain bridges.
1. ChainSwap: $8 million loss, reissuing tokens
In July 2021, C

A social media executive was detained in France for failing to control illegal content on the platform but was later released on bail. Russia has expressed concern, believing it could be a case of political persecution. This case has drawn international attention and may impact the regulation and governance of multinational internet companies.

Web3 Viral Marketing Guide: Growth Strategies for Each Stage
The early stage of community building for Web3 projects requires 100 real ambassadors. These ambassadors are an important part of the marketing team and can attract interested talents by participating in incubator projects. It is recommended to recruit new ambassadors each quarter and manage them by assigning tasks and tracking completion. A reward mechanism with different levels can be established to incentivize ambassadors to participate in promotion using tokens.
When attracting the first batch of users, different strategies can be adopted for different user groups:
1. For C-end users, a task platform can be used, but precise and effective tasks need to be designed.
2. For B-end customers, it is necessary to maintain long-term relationships and prove product value through concept verification ( POC ).
3. For developers, incentive testnet activities can be organized, but they should be kept within 3-4 weeks.
Before the token generation event (TGE), the following preparations need to be made:
1. Build

2024 China Web3 Development Review: Compliance Trends Highlighted
As 2024 draws to a close, looking back at the development of China's Web3 industry over the past year, compliance has undoubtedly been the main theme throughout. From the improvement of regulatory frameworks to innovative explorations in the market, the positive interaction between policies and practices has propelled the standardization process of the industry.
Hong Kong: The status of Asia's Web3 hub begins to emerge
In 2024, Hong Kong's open policies in the Web3 field have brought clear regulatory guidance to the entire Chinese-speaking market and attracted global capital and enterprise attention. The regulatory system centered around the virtual asset service provider (VASP) license is gradually maturing, with several trading platforms approved to offer services to retail investors. At the same time, regulatory details for niche areas such as stablecoin issuance and custody services have also been introduced, further improving market order.
These measures have not only enhanced the credibility of the digital asset market in Hong Kong but also stimulated capital and businesses.

How to design a compliant user incentive mechanism for Web3 projects
With the widespread application of user incentive mechanisms in various products, the boundary between "rebate" and "pyramid scheme" has sparked extensive discussion. This article will explore this issue from a legal perspective and provide Compliance recommendations.
Case Study
An NFT platform categorizes NFTs into five levels, each corresponding to different computing power and prices. The platform offers commissions to users who introduce others to purchase NFTs, but can only give it to one referrer who is at a higher level than the buyer.
Does the commission mechanism of this platform constitute a pyramid scheme? We analyze it from the following aspects:
1. Sources of Profit: The platform mainly profits through the sale of NFTs and transaction fees, rather than relying on new user membership fees.
2. Compensation Basis: The commission is derived from the actual profit sharing of NFT sales, rather than the number of downline members.
3. Hierarchical Structure: Adopts a single-line direct push model, with no multi-layer nesting.
4. Business

Recently, after communicating with several entrepreneurs and investors, there is a general sense that everyone remains optimistic about the prospects of the combination of AI and Crypto Assets, but there seems to be some confusion regarding the development direction of Web3 AI assistants. In response to this situation, I have organized several possible directions for the evolution of AI narratives for reference:
1. The practice of AI assistants generating hype through token issuance is no longer advantageous and may even provoke negative reactions. If a project lacks real application value and relies solely on token economics, it can easily be labeled as pure speculation, which is far from the essence of AI.
2. The originally anticipated order of the implementation of AI assistants, AI frameworks, AI platforms, and AI decentralized physical infrastructure may be adjusted. As the bubble in the AI assistant market bursts, they are more likely to become "carriers" after the maturation of technologies such as fine-tuning large language models, data algorithms, etc. Without core technical support, relying solely on AI

Current analysis of crypto assets projects indicates that artificial intelligence has become a mainstream direction, and the underlying blockchain and full-chain applications are also thriving. The number of traditional track projects has decreased, with financing concentrated on high-performance blockchains, artificial intelligence, and full-chain applications, showing the cyclical changes and innovation trends in the industry.

The South Korean stablecoin industry has rapidly developed since President Lee Jae-myung took office, with commercial banks, technology companies, and Web3 enterprises actively positioning themselves to launch a Korean won stablecoin. Regulatory policies are gradually becoming clearer, and 2025 is expected to be a key rise period. Bank alliances, tech giants, and startups will engage in fierce competition.

Important events this week include the release of the US May CPI data, the SEC roundtable discussing DeFi, multiple Token unlocks, and the launch of new projects. The US House of Representatives is reviewing the crypto market bill, the stablecoin bill is receiving significant attention, and major exchanges are making asset adjustments and launching new features.

The Huiwang payment platform has come under scrutiny for allegedly receiving and transferring funds related to fraud. Analysis data shows that its total USDT withdrawals on the TRON network amount to 5.724 billion, with deposits of 5.448 billion, indicating a significant net outflow of funds. In addition, the platform's active user count and transaction frequency continue to rise, accompanied by investigations and actions from multiple international regulatory agencies. This series of data reveals its complex capital flow and potential risks.

The surge in applications for multiple alts ETFs has attracted market attention, with Financial Institutions intensifying their arrangements. Favourable Information and regulatory easing are propelling these application processes. Analysts predict that if alts ETFs are approved, they will attract more investors and change the market structure, gradually pushing Crypto Assets to become mainstream financial instruments.

Ethereum founder Vitalik Buterin emphasized that Ethereum has transformed into a "global ledger," a change stemming from the implementation of EIP-1559, which has reshaped the value capture mechanism. Stablecoins account for 50% of the Ethereum network, enhancing its status as a financial settlement layer. In the future, Ethereum will focus on becoming a settlement system, remaining solid in its core value despite the challenges of Layer 2.

The Hong Kong SAR Government has released the "Hong Kong Digital Asset Development Policy Declaration 2.0", focusing on stablecoins and real-world asset ( RWA ) tokenization. It proposes the "LEAP" framework, covering legal regulations, tokenized products, application scenarios, and talent development, marking a regulatory upgrade and attracting over 40 institutions to position themselves.