June Web3 Triple Cycle: Regulation, Market, and Technology Converge at the Windfall

In June 2023, the Web3 industry will迎来三重重要周期: regulation, market, and technology.

In terms of regulation, U.S. regulatory agencies will continue to advance multiple initiatives. These include the review deadline for the spot Ethereum ETF staking function of a well-known asset management company, a congressional hearing on stablecoins, and a roundtable discussion on decentralized finance (DeFi). These events signify that regulatory agencies are intensifying their focus on cryptocurrencies and blockchain technology.

In terms of the market, several important macroeconomic data will be released, including the Non-Farm Payroll report, the Consumer Price Index (CPI), and the Federal Reserve's interest rate decision. These data may significantly influence overall market sentiment, which in turn could affect the trends in the cryptocurrency market.

In terms of technology and project progress, several highly anticipated blockchain projects will experience large-scale token unlocks. These projects include protocols focused on scalability solutions and emerging smart contract platforms, among others. These unlock events may have significant impacts on the market performance of the related tokens, making them worth close attention from investors.

In summary, June will be a critical month for the Web3 industry, as regulatory trends, macroeconomic data, and the development of important projects may have a profound impact on the industry landscape. Industry participants should closely monitor the progression of these events in order to timely grasp the market pulse and make informed decisions.