Covey raised $2 M in a Seed Round round on 2022-07-20.

From April 25 to May 12, the Crypto Assets market performed strongly, with ETH rising over 60%, significantly higher than BTC. Analysis shows that market sentiment is increasingly divergent, while the 'Moving Average Convergence Strategy' achieved an annualized return of 127% on ETH, significantly outperforming the holding strategy, demonstrating good trend capture and risk control capabilities.

If the user neither wants VC coins nor meme coins, then what does the user want? 1. Presequence Many well-known figures in the industry are thinking about how to address the issues raised by the phenomena of VC coins and memes, trying to find better solutions. For example, during discussions about the Girlfriend Coin event, someone raised whether Binance's listing of Tokens has mechanisms to address the problem of project teams selling coins and then lying flat. CZ's recent publication "A Crazy Idea for Token Issuance" is also exploring solutions to related issues. Teams that truly work hard on projects hope that the market can reward genuine contributors, rather than allowing Ponzi schemes, scammers, and speculators to take away the industry's benefits and disrupt its development. This article will analyze from the perspective of VC coin and memes. 2. The Past and Present of VC Coin The emergence of VC coin has its historical reasons.

U.S. stablecoin bill "GENIUS Act": A dual victory for Blockchain and dollar hegemony If the newly proposed "GENIUS Act" stablecoin bill in the United States passes smoothly, its significance will be extremely far-reaching and could become one of the most important events in the history of cryptocurrency. The full name of this bill is "Guiding and Establishing a National Innovation for the US Dollar Stablecoin", and its core content includes: 1. Enforce a 1:1 full asset reserve, including cash, bank demand deposits, and short-term U.S. Treasury bonds, and prohibit misappropriation or re-pledging. 2. Require high-frequency information disclosure, publish reserve reports at least once a month, and introduce external audits. 3. Establish a licensing system. When the circulating market value of stablecoins exceeds 10 billion USD, the issuer must be incorporated into the federal regulatory system. 4. Introduce a custody mechanism, requiring stablecoins and their reserve assets to be custodial by regulated qualified financial institutions. 5.

Blockstream is an important player in the Bitcoin industry, having completed a $210 million financing and the acquisition of Spondoolies, with business covering Bitcoin sidechains, Mining, and Financial Service. The company advocates using second-layer networks to solve congestion issues; however, its influence has sparked some controversy, especially between the Bitcoin and Ethereum communities. Nevertheless, Blockstream's contribution to the Bitcoin ecosystem should not be underestimated.

The rapid development of AI technology is influencing global markets, especially the Crypto Assets market. The success of China's AI large model DeepSeek has triggered market panic, leading to a significant pullback in US stocks and Crypto Assets. Its low-cost, high-efficiency development model challenges traditional AI perceptions and may reshape industry directions. Although short-term fluctuations are significant, in the long run, it may drive innovation in AI technology and the prosperity of the ecosystem.