MidnightMEVeater

The stablecoin market continues to rise, with a total trading volume exceeding $10.8 trillion in 2023. Ethereum still dominates, but emerging Blockchains such as Solana, TON, and Sui are showing potential, possibly driving the adoption and market share growth of stablecoins through low fees and innovative features.

Crypto Market Weekly: Economic data beats expectations providing a breather, but the reasons for adjustment remain unresolved.
This week, Bitcoin started at $80,708.21 and closed at $82,562.57, with a weekly increase of 2.31% and a fluctuation of 10.86%. The trading volume continued to decrease compared to last week. The price of Bitcoin is operating within a descending channel, with a slight rebound.
The CPI data released by the U.S. was slightly higher than expected, and there are signs of further easing in the Russia-Ukraine conflict, which has provided a brief respite for the U.S. stock market and the bitcoin market.
However, the valuation of the U.S. stock market is still in the downward exploration phase, and historical data indicates that there is further room for decline. The core reason driving the valuation drop—the chaos in tariff policies that may trigger inflation, thereby raising concerns about the U.S. economy falling into "stagflation"—has not yet been alleviated. The uncertainty of policies continues, and the Federal Reserve Chairman also insists on a data-driven approach.
This state of chaos and deadlock has caused "stagflation

The Sui liquid staking hackathon selected 12 finalist projects, covering the liquid staking protocol and LST Decentralized Finance tool track. The Demo Day will be held on September 29, and the projects will be evaluated based on the assessment criteria to determine the winners, with results announced on October 2.

The main revenue of Layer 2 comes from the Gas fees paid by users during transactions. Sorters play a key role in this process, responsible for receiving, executing, and submitting transactions. Currently, there are mainly centralized, permissionless, decentralized, and shared sorter solutions. Centralized sorters are highly efficient but have issues such as weak censorship resistance. Future decentralized solutions are expected to improve the situation.

MOVE is an innovative inscription project on the Sui chain, featuring a Burn function and a unique minting mechanism, which helps reduce early dumping risks. Market attention is increasing, with a low market capitalization and great future rise potential.

The launch of stock tokenization products is considered more of a marketing strategy rather than a true technological innovation. The platform's synthetic packaging model has legal and functional limitations, and users are essentially unsecured creditors of the platform. Although the marketing effect of the product is significant, its core advantages have not been fully realized, and risks and technical challenges still exist. Ordinary investors need to maintain rational recognition.

An Asian digital asset financial service group has completed a strategic investment in a fintech company focused on RWA tokenization. The two parties will collaborate to build on-chain asset infrastructure, promote the integration of TradFi and the decentralized economy, and facilitate the healthy development of the RWA market. This collaboration also includes joint research in the education sector, aimed at accelerating the compliance implementation and technological standardization of new asset types.

The crypto industry is gradually maturing, with key indicators showing positive growth: active wallet users increased by 23%, stablecoin trading volume rose by 49%, Bitcoin and Ethereum ETP funds grew by 28%, the proportion of DEX increased by 51%, and transaction fees decreased by 43%. These changes indicate an improvement in the industry ecosystem, with institutional capital actively flowing in, while the refinement of new technologies and regulatory frameworks provides support for the development of the crypto market.

Recently, regulatory agencies in various countries have strengthened their monitoring of the virtual money market, including Beijing issuing risk warnings and Sichuan convening meetings with companies to clean up Bitcoin mining farms. At the same time, exchanges within the industry have been successively shut down, and investment and financing activities are ongoing, such as BitOoda securing $7 million in funding and the Shenzhen Stock Exchange launching a Blockchain index.

The wave of tokenization sweeps the financial sector: The RWA track shows explosive potential.
Recently, the tokenization of real-world assets (RWA) has become an irreversible trend. Traditional financial giants and leading DeFi protocols are all making moves in this area, and tokenization is fundamentally reshaping the liquidity and accessibility of assets. Despite facing challenges such as regulation and infrastructure, the RWA sector still shows immense potential. Currently, the total locked value of tokenized assets such as U.S. Treasury bonds, real estate, and luxury goods has surpassed several billion dollars. According to data platform statistics, the total on-chain managed value of the RWA market has reached $23.92 billion. Boston Consulting Group predicts that by 2030, the global scale of tokenized assets will reach $16 trillion, accounting for 10% of all investable assets.
This article will analyze the current most promising RWA sub-sector and review the most representative leading projects in various fields.
Tokenization of national debt: A new chapter in financial innovation
Token

In the coming week, several important events will take place in the Crypto Assets market, including discussions on stablecoins by the Central Bank of Korea, the Ethereum Fusaka upgrade, Powell's monetary policy report, token unlocks, and the Thai SEC's crackdown on unlicensed exchanges, which are worth following for investors.

Dubai has established a regulatory framework for virtual assets, mainly consisting of the Virtual Assets Regulatory Authority (VARA) and the Dubai Financial Services Authority (DFSA), covering pre-issuance approvals, information disclosure, and capital requirements. This framework provides a clear compliance pathway for global projects, supports the development of RWA, and promotes Dubai as a center for virtual asset innovation.

CyberConnect is an innovative Web3 social protocol designed to break the monopoly of social networks, providing users with complete control over their digital identity and content. Its core technologies include multi-chain accounts, Decentralization social data storage, and cross-chain messaging. The team has extensive experience and has collaborated with multiple Blockchain projects. The project increases user engagement through activities and ensures security. Despite facing technical, legal, and market risks, CyberConnect shows great potential in the Web3 social space.

The uncertainty regarding the timing of the Fed's interest rate cuts has intensified, leading to a clear market divergence. The crypto market has experienced a fall due to long-term holders selling, but it has also provided new opportunities for investors. With the potential approval of the Ethereum Spot ETF, the outlook for crypto assets may see an influx of new funds, demonstrating the resilience and independence of the market.

Several U.S. states are exploring the feasibility of incorporating Bitcoin into their state-level strategic reserves, particularly New Hampshire and Arizona, which have adopted different reserve strategies. While this trend may have limited short-term impact on the market, it symbolizes TradFi's recognition of Bitcoin and may stimulate greater participation from investors. However, high Fluctuation and technological risks remain challenges.

In March, the crypto market will face key events such as token unlocks, FTX asset sell-offs, technical upgrades, and the Fed's interest rate decision, which may affect market liquidity and trends. Investors need to remain vigilant and follow the developments.

The article interviewed Feng, the head of Gate's payment business, to explore how the exchange develops encryption payment services. Feng emphasized that the payment market has huge potential, and choosing this direction is to meet user needs and enhance services. The exchange's payment development is divided into 2.0 and 2B businesses, including multi-chain compatibility, enterprise-level capabilities, and more. In the future, the focus will be on on-chain, the integration of PayFi and AI, to promote the inclusiveness and intelligence of Web3 payments.

Friend.Tech, as an emerging SocialFi platform, allows KOLs to tokenize and trade their social influence, but its token economic model faces sustainability challenges. High-priced tokens limit the fan base, and trading activity is rapidly declining. Although there is potential for social feature development, the business model and user experience need improvement for long-term stable growth.

This week's major developments in the Web3 field include market risk warnings due to the big dump of the Libra Token, the lifecycle of Meme Tokens, institutional funds flowing into Crypto Assets ETFs, and the reshaping of Web3 by AI Agents. The PI Network Mainnet is about to launch, OpenSea has launched a Token, and Trump supports policies for the development of Crypto Assets, indicating new trends in the industry.