Weekly Highlights丨The USDH bidding war has ignited fiercely; multiple data points support a rate cut in September, with SOL leading the mainstream coins strongly.

PANews Editor's Note: PANews has selected high-quality content from the week to help everyone fill in the gaps during the weekend. Click on the titles to read.

USDH Bidding War

The Last Piece of the Hyperliquid Empire: Stablecoin USDH

For an exchange, mastering stablecoins not only reduces external dependencies but also transforms the interest income from stablecoin reserves into a driving force for its own development, truly achieving "self-sustenance."

The Battle for Hyperliquid's Native Stablecoin: Paxos, Frax, and Others Compete, Community Questions Preordained Show

The hot on-chain derivatives trading platform Hyperliquid recently announced it will issue its native on-chain stablecoin, named USDH. As soon as the news broke, giants in the stablecoin field, such as Paxos, Frax Finance, and Agora, submitted highly competitive proposals.

The Game of Stablecoin Power: Whose Table Did USDH Upend?

The story of Hyperliquid and USDH may be a microcosm of the evolution of the stablecoin market.

Macroeconomic Perspective

US Economic Data Hits a Cold Snap, Where Does the Crypto Market Go? Analysis of Short-term, Medium-term, and Long-term Trends

The Federal Reserve has shifted, will the fourth quarter usher in altcoin season?

Is the Largest On-chain Bull Market About to Erupt? Are You Ready?

This article will analyze how, why, and when the largest on-chain bull market in history is about to occur.

RWA Liquidity Paradox: Will the Onboarding of $10 Billion in Slow Assets Reenact the Subprime Tragedy?

Bundling illiquid assets into a highly liquid market increases vulnerability and reflexivity. Tools that make the market faster and more transparent also make it more susceptible to sudden shocks.

IOSG: Today is Different from the Past, Thoughts on This Cycle's Altcoin Season

The future altcoin market may lean towards a "barbell" strategy, with liquidity flowing to two extremes: one end being blue-chip DeFi and infrastructure.

Latest Speech by SEC Chair: "Crypto Plan" Will Propel the US into a Golden Age

"Our goal is simple: to ignite a golden age of financial innovation on American soil, whether it be tokenized stock ledgers or entirely new asset classes."

AI and Meme

Multiple Projects Leading the Charge, Is AI Season Here? A Look at Recent Developments in 12 Popular Web3 AI Projects

In this article, PANews reviews 12 Web3 AI projects that have seen significant increases recently, most of which have achieved substantial growth while actively laying out strategies in product iteration, ecosystem development, exchange listings, and token treasury (DAT) strategies.

Meme Never Dies, Pumpfun Never Fades

No matter how the meme track changes, your big brother is still your big brother.

Meme Coin Players Losing Money Are Frenziedly Pouring into Prediction Markets

As the battle among meme launch platforms like Pumpfun and Bonk heats up, another market is beginning to gain popularity among Degens, reminiscent of the Memecoin craze of 2023.

The PANews account 【MEME Daily】 will select daily hot memes for readers to understand the state of the track, click here to view.

Seizing Opportunities

Can Babies Be Tokenized? A Crypto Experiment to Solve the Population Crisis

The trading object is not the baby itself, but the value prediction of its growth trajectory.

From "Android System" to Machine Fighting, A Review of the RoboFi Robot Project Ecosystem

As robot concept stocks surge one after another, Web3 robot projects are also accelerating to ignite a new wave of enthusiasm. How will a decentralized, on-chain collaborative smart ecosystem reshape our future?

USD1 Earning Guide: A Comprehensive Strategy Overview of CeFi, DeFi, and Points Play

Players with different risk preferences can find suitable earning tracks for themselves.

X Launch Event Scoring Strategy: How to Score Most Cost-Effectively?

A brief discussion on OKX's X Launch event, how to score, and which point tier to choose for scoring?

From L2 to CeFi Ecological Hub, How Should the Bybit-MNT Flywheel Turn?

Mantle (MNT) is undergoing a strategic transformation, shifting from a general L2 to Bybit's core utility token, creating structural demand through integration with the exchange.

Redefining DeFi Boundaries? A Review of 10 New Projects Worth Watching Recently

I anticipate the next phase of DeFi products to look like: Wall Street + extreme capital efficiency + user experience innovation….

Web3 Matters

From Exchanges to Stablecoin Infrastructure: Upbit Enters the Game with "No-Coin" L2 Chain GIWA, Competing Head-on with Shareholder Kakao?

GIWA aims to become a hub for the Korean won and global stablecoins, continuously enhancing usability and promoting financial innovation.

Data Reveals 335 Binance Alpha Tokens: Altcoin Season is a Cognitive Bias, Which Types of Projects Perform Best

Analysis of Binance Alpha tokens: Tokens that launched contracts, issued on the BSC chain, and were not airdropped or listed on spot exchanges performed best, with an average increase of 620%, but the recent altcoin season is merely a cognitive bias.

World Gold Council Plans to Launch Digital Gold, Analyzing Different Practice Paths of PGI, PAXG, and XAUT

The World Gold Council plans to launch a "comprehensive digital gold" ecosystem, attempting to solve the low liquidity and collateral difficulties of traditional gold trading through "pooling gold rights," activating the financial potential of trillion-dollar gold assets.

MYX Finance's 400x "Traffic Business" in Two Months: A "Coincidental" Double Explosion of Long and Short

MYX is like a powder keg, with the trigger in the hands of large holders, whether long or short, it leaves you with no way back.

In-depth Analysis of Etherealize: How Ethereum's "Second Foundation" Plans to Conquer Wall Street?

Recently, Etherealize, known as the "second Ethereum foundation," announced it has completed a $40 million financing led by top venture capital firms Electric Capital and Paradigm. What kind of company is this, and how will it fulfill its mission of "reshaping Wall Street with Ethereum"?

Reviewing the Venus Attack Incident: When DeFi's "Emergency Brake" Crushes Decentralization Beliefs

If decentralization ceases to exist when it becomes inconvenient, did it ever truly exist?

Fake Zoom Meeting Phishing Leads to Million-Dollar Losses, In-Depth Analysis of Attack Methods

Users should carefully verify meeting links before clicking to avoid executing unknown software and commands.

InfoFi Cools Down: Rule Upgrades, Shrinking Returns, and Platform Transformation Dilemmas

Creators and projects are leaving the InfoFi platform.

At the Crossroads While Waiting for Monad's Mainnet Launch: Move Forward with the Ecosystem or Stand Firm?

The underwhelming ecological development following the Berachain mainnet launch has shattered the TGE plans of the native ecological protocol, with unlaunched on-chain protocols becoming victims of the bear chain TGE. Learning from the bear chain, Monad is at a critical juncture before launching its mainnet TGE; where should the ecological protocols go from here?

a16z to Entrepreneurs: Rather than Saving Low Retention Rates, Directly Transform

Is retention rate destined to decline? A seasoned practitioner's harsh truth and breakthrough ideas.