The Hong Kong Web3 conference reflected the industry's quietness and contemplation, with a decrease in attendance, highlighting the barriers and cultural differences in East-West cooperation. RWA has become a new hotspot, but there is a lack of practical applications, and Web3 games have yet to become profitable. Institutions dominate the market, and small entrepreneurs face challenges, needing to pay more attention to the combination of actual needs and business models, abandoning the era of relying solely on narratives. In the future, there needs to be an enhancement of discernment abilities and a rational perspective on industry changes.

Zhongshouyou has reached a strategic cooperation with OSL Group, combining their respective advantages to promote the Compliance stablecoin ecosystem applications, aiming to achieve a value closed loop of Web3 technology and provide global cross-border payment and Settlement services.

Block Selected for S&P 500: Bitcoin and Wall Street's New Era
In July 2025, Block Inc. was officially included in the S&P 500 index, becoming one of the 500 most representative publicly traded companies in the United States. This fintech giant owns payment powerhouse Square and mobile finance app Cash App, and its stock price subsequently rose by 14% within a few days.
Being included in the S&P 500 means that Block will become a standard configuration in mainstream global investment portfolios. According to statistics, the total size of passive funds tracking the S&P 500 exceeds $5 trillion. Based on Block's weight in the index, it is estimated that over $10 billion of traditional capital will be indirectly allocated to Bitcoin through holding Block shares.
Unlocking the trillion-dollar market
The S&P 500 is essentially a "protocol" for capital allocation. The sole mission of the index funds tracking it is to precisely replicate the components and weights of the index, without

The UK officially bans the sale of cryptocurrency derivatives to retail investors, the US allows banks to use stablecoins for payments, Israel considers functional tokens as securities, Shenzhen accelerates the construction of blockchain infrastructure, and Kyrgyzstan plans to introduce cryptocurrency regulatory legislation. In the industry, Grayscale removes XRP, Ripple seeks to settle with the SEC; Morgan Stanley increases its stake in MicroStrategy to 10.9%; Three Arrows Capital holds over $1.2 billion in GBTC; the Bitcoin fund from Bridgewater Capital is popular.

The investment research director of the world's largest hedge fund company pointed out that Bitcoin needs to drop its fluctuation, increase its liquidity, and establish a clear regulatory framework in order to become an effective investment vehicle. She believes that Bitcoin cannot yet be regarded as a currency, but may evolve into digital gold in the future.

Recently, a well-known e-commerce platform will auction two trademarks related to Digital Money, with a starting price of 100,000 RMB each. The auction will begin on April 17. There is heated discussion in the industry, believing it may reflect the operational difficulties of encryption projects, while also providing brand acquisition opportunities for companies intending to enter the field.

As of August 15, 2025, the notional value of assets under Justin Sun is approximately $24.6 billion, with a discounted value of about $12.4 billion. The main assets include 60 billion TRX and other Crypto Assets. He has filed a lawsuit against a certain institution for recklessly exposing private financial data.

Ethereum and its ecosystem tokens have recently seen a significant price rise, driven by factors including increasingly friendly regulatory policies, an increase in the circulation of stablecoins on Ethereum, positive market data, and ongoing ecological development, indicating that Ethereum may be on the verge of a new round of pump.

On August 15, a data analyst monitored that the smart money with a 100% win rate in four swing trading of ETH bought 2,174.02 WETH in the early morning at a cost of 4,599.77 dollars. This portion of ETH has been sold at a limit order price of 4,655 dollars, making a profit of 108,000 dollars.

Can the Pectra upgrade reshape the Ethereum ecosystem?
The Ethereum Pectra upgrade will go live on March 5, combining the Prague and Electra updates, optimizing the execution layer and consensus layer of Ethereum. This upgrade aims to enhance the ETH staking experience, improve Layer 2 (L2) scalability, and expand network capacity, introducing 11 Ethereum Improvement Proposals. The upgrade process will be implemented on the Holesky test network prior to February 24, 2024, with the final plan to deploy Pectra to the mainnet on April 8, 2024, provided that Holesky and Sepolia.