Author: William Nuelle
Compiled by: Shenchao TechFlow
After a significant decline in the global stablecoin asset scale over the past 18 months, the adoption of stablecoins is accelerating again. Galaxy Ventures believes that there are three long-term driving factors behind the renewed acceleration of stablecoins: (i) the adoption of stablecoins as a savings tool; (ii) the adoption of stablecoins as a payment tool; and (iii) DeFi as a source of returns above the market, which absorbs digital dollars. Therefore, the supply of stablecoins is currently in a phase of rapid growth, expected to reach $300 billion by the end of 2025 and ultimately $1 trillion by 2030.
The asset management scale of stablecoins has grown to 1 trillion dollars, which will bring new opportunities to the financial market and also lead to new changes. Some changes I currently...

The main challenge facing the Ethereum ecosystem is how to integrate decentralization and collaboration to build a unified ecosystem. By defining specific metrics for "Ethereum Coordination," including open source, open standards, and contributions to the community, interoperability and consistency among different projects can be promoted. At the same time, it is important to emphasize maintaining flexibility and fairness in community participation and project support, thereby achieving sustainable development of the ecosystem.

Original Title: New Skin, Old Instincts
Original author: PRATHIK DESAI
Original translation: Saoirse, Foresight News

In the late 1980s, Nathan Most worked at the American Stock Exchange. However, he was neither a banker nor a trader, but a physicist who had been deeply involved in the logistics industry for many years, previously engaged in the transportation of metals and bulk commodities. His focus was not on financial instruments, but on practical systems.
At that time, mutual funds were the mainstream way for investors to gain broad market exposure. Although these products provide opportunities for diversified investments, they have the issue of trading delays: investors cannot buy or sell at any time during the trading day and must wait until the market closes to know the transaction price after placing an order (it is worth noting that this trading model is still in use today). For those accustomed to trading in real time,

Guest: Tom Lee, Co-Founder and Head of Research at Fundstrat Global Advisors
Host: Amit Kukreja
Podcast Source:
Organized and compiled by: ChainCatcher
ChainCatcher Editor's Summary
Tom Lee is the co-founder and research head of Fundstrat Global Advisors and one of the earliest on Wall Street to systematically research Bitcoin and emerging asset allocation. He served as chief strategist at JPMorgan for 16 years, known for his data-driven and contrarian predictions. While most institutions were bearish, he anticipated the bull market rebound, was optimistic about Ethereum's underlying value, and successfully captured multiple cycle turning points. His judgments serve not only as a reference for institutions but have also become an important basis for countless retail investors to make counter-trend allocations.
This podcast revolves around the

Original Title: "How stablecoins become money: Liquidity, sovereignty, and credit"
Author: Sam Broner
Compiled by: Deep Tide TechFlow
Traditional finance is gradually incorporating stablecoins into its system, and the trading volume of stablecoins is continuously increasing. Stablecoins have become the best tool for building global fintech due to their fast, almost zero-cost, and easily programmable characteristics. The transition from traditional technology to new technology means we will adopt fundamentally different business models—but this transformation will also bring new risks. After all, a self-custody model based on digital assets is a disruptive change to the banking system that has relied on registered deposits for centuries.
So, in this transformation process, entrepreneurs, regulators, and traditional finance

Recently, the tokenization of US stocks has become a market hotspot, with companies like Robinhood starting to offer compliant stock tokenization services. This marks a significant advancement in on-chain finance, which could facilitate the migration of traditional assets to on-chain and bring about higher quality investment options. However, stock tokenization may also compress the development space of native encryption projects, affecting capital flows and investment preferences, revealing the importance of whether Web3 can support mainstream assets.

Written by: Daii
There are two things that prompted me to discuss this topic today. It's like a fishbone stuck in my throat; I can't be at ease until I express it.
One is a Chinese doctoral student delivering takeout.
Another reason is that young people in South Korea are flocking to cryptocurrency exchanges out of despair.
These two scenes seem to have no relation, yet they act like two mirrors reflecting the same group—the youth—caught in the dilemma of being torn between two extremes.
Let's first talk about the young people delivering food in China.
Delivering takeout is not embarrassing, but when someone with a high degree such as a PhD has to rely on being a delivery rider to make a living, it becomes an irony of the times. Ding Yuanzhao, widely reported by the media, is a microcosm of this group. He is a PhD, well-educated, yet due to real-life difficulties, he ultimately chose to put on the rider vest and join the "highly educated delivery army" that rushes through the city.
He is not an exception.
China now has more than 7.45 million Meituan delivery riders, among whom hundreds of thousands hold an associate degree or higher, and even more

On June 15, the China Wealth Management 50 Forum (CWM50) held a symposium on "Rapid Development of Stablecoins: Potential and Challenges", and Xiao Feng, vice chairman of Wanxiang Holdings, attended and made a special speech.
Xiao Feng stated that stablecoins represent a new stage in the evolution of currency, which can be referred to as "tokenized currency." Based on distributed ledger technology, it enables peer-to-peer transactions without the need for intermediaries to align information. Since the emergence of distributed ledger technology, there has been a significant change in financial market infrastructure. The advent of stablecoins also signifies the emergence of the digital twin trend, which involves bringing real-world assets onto the blockchain for tokenization. Asset tokenization has implications for enhancing the global liquidity of assets, introducing new clearing and settlement models, programmability, and addressing the future AGI era.
From the perspective of the functions of currency, stablecoins have functions such as payment and settlement, serving as a highly transferable currency across time and space. They address the "last mile" problem of inclusive finance, particularly for cross-border transactions.

Author: Rob Hadick, Partner at Dragonfly
Compiled by: AididiaoJP, Foresight News

Stablecoins are not meant to improve the existing payment networks, but rather to completely disrupt traditional payment networks. Stablecoins allow businesses to completely bypass traditional payment channels; in other words, these traditional payment channels may very well be completely replaced one day in the future.
When payment networks are based on stablecoins, all transactions are merely changes in numbers on the ledger. Many emerging companies have begun to drive the reconstruction of capital flow.
Recently, many people have been discussing how stablecoins can become a Banking-as-a-Service (BaaS) network platform, connecting existing payment channels from issuing banks to merchant acceptance, and everything in between. While I agree with these views, when I think about how enterprises and protocols will create and accumulate in the future under the new paradigm.

Author: Coinbase
Compilation: Vernacular Blockchain
Monthly Outlook for the Second Half of 2025 - Three Major Themes on June 12, 2024
● The outlook for the crypto market in the second half of 2025 is positive, driven by better-than-expected economic growth, corporate adoption of crypto assets, and regulatory clarity.
● Companies purchasing crypto assets through leveraged financing may pose systemic risks, such as forced or voluntary selling pressure, but we believe this issue is not significant in the short term.
● The changes in the regulatory environment in the United States are favorable for the cryptocurrency market, progress has been made in stablecoin legislation, and a bill on the structure of the cryptocurrency market is also under discussion.
Our optimistic outlook for the cryptocurrency market in the second half of 2025 is driven by several key factors: a more optimistic expectation for U.S. economic growth, potential Federal Reserve rate cuts, increased adoption of crypto assets by corporate cash reserves, and advancements in regulatory clarity in the U.S. Despite some potential risks, such as...