EIA Refiner Utilization Rate in the U.S. for the week ending July 18

Recently, the Blinks technology launched by Solana has simplified the Web3 interaction process, allowing wallet transaction previews through simple links, thereby enhancing the user experience. Blinks has a wide range of application scenarios on social platforms, but security issues need to be followed. If it can support more platforms broadly, Blinks is expected to become a key tool for Web3 adoption.

The bull run is back, where will the alts go? The crypto market has reignited expectations for a bull run, with BTC reaching a new historical high and ETH increasing by more than 40% this month. On-chain capital activity has rebounded, the enthusiasm at exchanges is clearly on the rise, and macro signals also show a positive trend. However, many investors find that the alts they hold are still stagnant. Is this still the bull run we are familiar with? Did altcoins really miss the bull run? As of May 22, 2025, the price of BTC has broken through the $110,000 mark, setting a new historical high; ETH has risen over 45% in the past month. In this round of improved sentiment, funds and flows are concentrated on mainstream assets. On the macroeconomic front, the easing of global trade relations and the rise in risk appetite are providing a good upward channel for the crypto market. However, under these favorable conditions, the altcoin sector is overall sluggish. Most alts not only did not rise but even continued to pull back. BTC and E

Recently, the price of Bitcoin has been fluctuating in the range of 90,000 to 100,000 USD, and the market is paying attention to the progress of BitVM technology. Bitlayer held a discussion to explore the future development of the Bitcoin ecosystem, the security and scalability of scaling solutions, the application prospects of BitVM, and the development trends of L2. Guests believe that BitVM can activate on-chain assets and have high hopes for DeFi innovation, emphasizing the balance between user demand and security.

The Web3 industry is calling for an innovative access method. This is not another crypto assets wallet or blockchain browser, but an intelligent search engine that can deeply understand blockchain protocols and off-chain data. This new type of search engine will become a key bridge connecting users with the Web3 world. It can intelligently analyze complex on-chain interactions while integrating vast amounts of off-chain information to provide users with a comprehensive Web3 experience. The emergence of this intelligent search engine will significantly lower the threshold for ordinary users to enter the Web3 world. Users can easily access the necessary Blockchain information and services without needing to delve into complex technical details. In addition, this search engine may also become a central hub in the Web3 ecosystem, connecting various decentralized applications (DApps), NFT markets, DeFi protocols, etc., to provide users with a one-stop Web3 service. With the continuous development of Web3 technology, we can foresee that this smart search engine will play an increasingly important role in the future, becoming a key force driving the mass adoption of Web3.

At the Hong Kong Web3 Carnival, executives from HashKey Capital discussed the integration of AI and Blockchain, the anti-inflation capability of Bitcoin, and the impact of Bitcoin Spot ETF with the founder of ARK Invest, predicting that the price of Bitcoin could reach $1.5 million by 2030. The conversation highlighted the importance of regulation and technological innovation for the development of the industry.