The data availability war mainly revolves around how to publish and drop the cost of Blockchain data, including the data integrity issues between block producers and validators. In the future, it may develop in a modular direction, with multiple DA projects coexisting, while Ethereum may build a dedicated DA layer to enhance its ecosystem.

Analysis of the Impact of the 2024 U.S. Election on the Encryption Industry
The background of cryptocurrency becoming an important election issue.
The significance of Bitcoin to the United States
The demand for hedging against inflation is strengthening.
The real wage levels in the United States have seen little significant improvement since the mid-1980s. After adjusting for inflation, the average hourly wage purchasing power in today's America is not much different from that of 1978. This has exacerbated the widening wealth gap: the upper class has seen their wealth surge due to holding a large amount of fixed assets, while the wealth of the working class continues to shrink.
Since the financial crisis of 2008, Bitcoin has been increasingly viewed as a potential tool for combating inflation and economic uncertainty, particularly providing hope for the middle class to achieve economic independence. The decentralization and limited supply of Bitcoin make it an alternative asset against government and central bank interventions.
In the next 10 years, the U.S. federal budget deficit will average 6.2% of GDP. If Trump extends

This article details the proposal mechanism of Sputnik-DAO on the NEAR Protocol, including the initiation of proposals, status changes, and execution processes. Proposers initiate proposals by staking NEAR Tokens, and members can vote to influence decisions. Successful proposals can execute contract functions or facilitate fund transfers.

The advances in Quantum Computing have raised concerns about the security of Bitcoin, but they do not currently pose a substantial threat. Even if the Computing Power of Quantum Computers increases in the future, the impact on Bitcoin can be mitigated through technical measures and good usage habits. Users should follow the development of quantum technology and remain vigilant.

The Bitcoin ecosystem is experiencing a wave of innovation, with Bitmap tech launching the BRC420 protocol to achieve on-chain storage and modular assetization, facilitating content management; Merlin Chain aims to address the scaling problem, supporting diverse needs and promoting ecosystem development. In the future, it requires the joint efforts of developers and the community to build the infrastructure.

The Fed's interest rate cut has opened a new cycle, and global markets are generally on the rise, with encryption assets also welcoming opportunities. Risk assets such as Bitcoin are being boosted, and investors remain optimistic about their future performance, expecting a good long-term outlook.

An Italian car manufacturer plans to raise approximately $1.2 million by issuing MZZ securitized tokens at 1 euro each, to develop a special edition supercar, and token holders will share in the sales revenue. Additionally, customers will be able to purchase all models using Bitcoin, demonstrating the traditional industry's gradual acceptance of Blockchain technology.

Analysis of Hot Concepts Rotation in the crypto market: How are the returns of 14 mainstream zones performing?
This year, the overall crypto market is in a state of volatility and adjustment, with liquidity continuing to tighten. Against this backdrop, some popular concepts and assets are still emerging in the market, and the rotation of these concepts has linked this year's market trends. In the absence of a long-term upward trend, chasing the rotation of different concepts may capture structural opportunities in the volatile market and achieve excess returns.
Data analysis shows:
1.

Recently, the US stock market's attention on Ethereum (ETH) has been increasing, with several companies transforming and experiencing a big pump in stock prices by increasing their ETH reserves. These four companies come from different backgrounds and each plans to purchase a large amount of ETH to turn around their financial difficulties, supported by investors from Wall Street and Silicon Valley. This wave of ETH enthusiasm may bring new opportunities for investors.

The documentary "Vitalik: The Story of Ethereum" is set to be released, focusing on Ethereum founder Vitalik Buterin and the journey of his revolutionary platform. The project uses Blockchain technology for funding and distribution, aiming to break the traditional film distribution model and provide new experiences for creators and audiences.

Persistence aims to address the liquidity shortage in the Cosmos ecosystem through its innovative liquid staking solution. Its core product pSTAKE combines staking rewards with Decentralized Finance activities, significantly enhancing ATOM liquidity. At the same time, Persistence focuses on security and user experience, looking to promote DeFi development through liquid staking and collaborate with other AppChains.

Fantom is set to launch the sub-second trading network Sonic, significantly improving network performance by processing 2000 transactions per second, with an average confirmation time of just 1 second. This technological upgrade is expected to reshape the Layer 2 landscape and drive the revival of the Fantom ecosystem, attracting more Decentralized Finance projects to participate.

Federal Open Market Committee (FOMC) Meeting Interpretation: Policy Stability, Market Expectation Adjustment
The Fed decided to maintain the target range for the federal funds rate at 4.25%-4.50% during the latest FOMC meeting. This decision aligns with market expectations, but its policy wording, economic forecasts, and guidance on future rate paths have had a profound impact on the market. This meeting not only revealed the Fed's latest assessment of the current economic environment but also affected the market's expectations for future liquidity conditions, thereby directly impacting the global asset markets, including cryptocurrencies. Below, we will provide a detailed interpretation from two aspects: the core content of the Fed's resolution and its direct impact on the market.
1. Federal Open Market Committee (FOMC) Meeting core content: Maintain a prudent policy, but release easing signals.
The Fed decided to maintain the benchmark interest rate at this meeting and emphasized in the post-meeting statement that "the policy stance remains restrictive to ensure inflation returns to the 2% target."

Aave's dominant position in the Decentralized Finance space stems from its large user base and liquidity pools, making it a unique network effect giant. Aave accounts for 21% of the total Lock-up Position value in the DeFi market and holds 51% of the lending market. Its "Aave effect" allows partner projects to benefit quickly, and with the launch of Aave V4 in the future, its market influence is expected to continue to strengthen.

PayFi, as a new financial model in the Web3 era, integrates payment and Decentralized Finance, aiming to achieve the instant circulation and appreciation of digital assets, making Crypto Assets not only investment vehicles but also usable for daily consumption. Its core lies in the parallel availability and appreciation of assets, allowing users to make flexible payments while retaining long-term appreciation potential. At the same time, Compliance and security become key points of focus, driving the emergence of products such as virtual crypto cards, showcasing the new opportunities and challenges PayFi presents in the financial sector.

Hong Kong has launched 6 virtual asset Spot ETFs, with trading volume falling short of expectations, but the outlook remains optimistic. The US Ethereum ETF faces regulatory challenges, with a low likelihood of approval. The SEC's determination of whether Ethereum is a security has sparked controversy, which may impact the entire encryption asset industry.

Consensus 2025 Conference Review: Blockchain Technology Moves Towards Practical Application
On May 16, 2025, the Consensus conference concluded successfully in Toronto, Canada. This year's conference emphasized "real-world adoption" even more, focusing on the application of Blockchain technology in practical scenarios and tangible outcomes.
Compared to ETHDenver, which is primarily builder-focused, Consensus gathers more participants from enterprises, investment institutions, universities, and users seeking specific solutions, becoming an important bridge for communication and collaboration between project parties and diverse groups.
A well-known blockchain project returns to the Consensus Conference, with "live demonstrations + beginner guidance + in-depth exchanges" as the core, bringing a focused and pragmatic exhibition experience. The team is not only committed to brand exposure but also hopes to reach a new audience through visual results and on-site interactions, providing a platform for ecological projects to showcase and obtain feedback.

Weekly News Review of the Blockchain Industry
Last week, there were a total of 9 financing cases announced in the blockchain field, with a total amount exceeding 24 million USD, mainly involving enterprise services and payment settlement.
Regulatory Dynamics
1. The People's Bank of China has released the "Security Specification for Financial Distributed Ledger Technology", which stipulates the security system for financial distributed ledger technology. This standard was drafted under the leadership of the Digital Currency Research Institute of the central bank, with the participation of several banks. Some analysts believe that this will promote the development of digital currency and Blockchain supply chain finance.
2. The central bank held the 2020 financial market work conference, requiring the promotion of healthy development of the financial market, improvement of bond market regulation, advancement of high-level openness, strengthening of financial infrastructure regulation, etc. It also emphasized the need to thoroughly resolve Internet financial risks and establish a long-term regulatory mechanism.
3. The Central Bank of Russia and the Federal Security Service have reached an agreement on the regulation of cryptocurrencies, prohibiting their use as a means of payment. Previously,

Moonriver: Ethereum-compatible smart contracts platform of the Kusama ecosystem
Moonriver, as a low-profile project, may feel unfamiliar, but its strength should not be underestimated. It is dedicated to building an Ethereum-compatible smart contracts platform on the Kusama network, aiming to help developers more efficiently build cross-chain applications based on the Substrate framework.
Essentially, the Moonriver Network is the canary network of Moonbeam, developed by the PureStake team. It brings Solidity smart contracts to Kusama, providing a complete set of applications for decentralized exchanges, NFT platforms, and DeFi projects on the network.

An internationally renowned bank integrates encryption asset trading services, serving nine institutions and multiple traders. The CEO emphasizes that Digital Money is an irreversible trend, demonstrating the rising importance of TradFi towards encryption assets.