The article analyzes the current state and future trends of the crypto assets market, pointing out that the true direction of the market will become clearer after September. Despite the recent rise of small coins, the lack of long-term holder support means that most tokens that surge rapidly will fall back. It emphasizes that the demand for Bitcoin is persistent, and only small coins with actual use cases can attract funds. Social tokens are facing a decline in popularity, and the future integration of AI and encryption will become a new hotspot, containing opportunities.

Sentences is an on-chain collaborative world-building tool that provides a lightweight environment for collective creation through additional branching narratives. Players enrich the new world together through prompts and proposals, and the system records all development paths. It is suitable for small meetings and can be expanded in the future to specific story styles and generate parallel worlds, promoting the development of creative collaboration and Decentralization projects.

Crypto Assets: Exploration and Challenges of Emerging Digital Civilization
Crypto Assets can be seen as a new world that is being developed. Although some view it as worthless or even harmful, others see its potential for building more advanced financial systems and internet platforms.
This emerging field has attracted a wide variety of participants, from technological explorers to speculators, as well as innovators and researchers. Even some ordinary people who are on the fringes of the traditional system have begun to join in.
Currently, the regulation of Crypto Assets is still in an uncertain stage. Some countries prohibit their citizens from participating, while others are seeking to establish a foothold in this new world.
The development of Crypto Assets has been filled with cycles of speculation and hype, leading many to be skeptical about its prospects. However, the current Crypto Assets craze may just be a self-reinforcing process. Just like the gold rush of 1849 transformed San Francisco from a small village into a major city.

Hyperliquid is an on-chain Perptual Futures trading platform based on a self-developed Layer 1 Blockchain, providing a high-performance trading experience and supporting a multifunctional Decentralized Finance ecosystem. Its core features include an order book-based on-chain matching mechanism, native Token $HYPE, HLP Vault Liquidity mechanism, and the development of the smart contracts layer HyperEVM. Hyperliquid is evolving towards an all-in-one trading platform, challenging the position of Centralized Exchanges.

In-depth analysis: The revenue sustainability of the three major public chains, Ethereum, Solana, and TRON.
Introduction
In the current rapid development of blockchain technology, the revenue sustainability of public chains has become a key indicator for assessing their long-term development potential. This article will focus on the three major mainstream public chains in the current market - Ethereum, Solana, and TRON. By analyzing their Gas fee revenue composition, on-chain economic activities, and user income and expenditure, we will delve into the revenue models of these public chains and their sustainability.
According to the latest data, in the past 30 days, Ethereum leads with a total of $99.89 million in Gas fees, followed closely by Solana and TRON with $46.21 million and $38.97 million in Gas fees, respectively. However, this income advantage has not fully reflected in market enthusiasm and user activity. It is worth noting that Solana has surpassed Ethereum in discussion heat over the past six months, while TRON has gained traction in the payments sector.

Recently, the five major potential projects in the Solana ecosystem include Drift Protocol, Jupiter, Kamino, Jito, and TipLinks. These projects showcase Solana's strong innovative capabilities in areas such as Decentralized Finance, liquid staking, and encryption asset transfers, attracting a large number of users and funds, which indicates future rise potential. In the context of continuous technological upgrades, the Solana ecosystem is expected to provide users with more asset flexibility and application opportunities.

Recently, the Ethereum version of "MicroStrategy" has emerged, attracting institutional funds' attention. Compared to BTC, ETH faces fluctuation risks as a "productive asset," but its DeFi infrastructure and yield mechanisms may drive market development. This wave marks a shift in the cryptocurrency narrative towards commercial value, and institutions need to pay attention to actual growth and market size. Overall, this trend helps enhance ETH's market performance, but investors need to remain vigilant about potential risks.

Recently, investors' attention to Ethereum has rebounded, with four U.S. stock companies purchasing ETH to boost their stock prices. Despite having different main businesses, these companies are leveraging their Ethereum reserves for transformation, significantly driving up their stock prices, with key figures influencing their strategic direction. This trend shows a deepening interaction between traditional markets and encryption assets.

Aptos, as a high-performance Blockchain infrastructure, is leading a new era of on-chain payments through the advantages of stablecoins, supporting various application scenarios such as cross-border transfers and salary distribution, improving capital flow efficiency, and driving global financial innovation.

In the 2024 US elections, Crypto Assets have become an important topic, with increased voter interest. Regulatory policies and candidates' positions will influence the direction of the industry. If Trump wins, it is expected to lead to more lenient regulations, promoting the development of crypto enterprises.

Do Kwon is a South Korean prodigy who founded the Terra project and quickly rose to become a billionaire. However, due to arrogance and hubris, the project collapsed in 2022, leading to significant losses. Kwon is now facing a manhunt, experiencing a dramatic shift from success to failure.

The market performance of Bitcoin one year after the Halving is significantly different, with a rise of only 31%, far below the previous 436%. The market is gradually maturing, and the profit targets for long term holders have decreased, indicating that Bitcoin is transitioning towards a stable growth driven by institutions, with reduced Fluctuation and a more structured growth model.

Jack Dorsey's Decentralization Journey: From Bitcoin Lighting Network to Bluetooth Mesh
As a staunch advocate of cryptopunk, Jack Dorsey's investment in Bitcoin has lasted for more than a decade, persisting even when the investment outweighs the returns. He has not only promoted the development of the Bitcoin Lighting Network but also plans to support the Nostr networking function in the future, supporting freedom of speech from the underlying technology.
Three rebirths, rethinking Bitcoin
As one of the co-founders of a well-known social platform, Dorsey, although achieving greater success with financial products in subsequent ventures, has never forgotten to explore more free social interactions and more decentralized networking methods. Some of his projects, although not receiving significant attention, are explorations of the next generation of social product forms for humanity, rather than for the purpose of issuing coins to make money.
The newly launched Bitchat

RWA projects are receiving follow in the Web3 space, and regulatory innovation in Hong Kong provides opportunities for their development. The article discusses the definition, characteristics, Compliance framework, and legal advice regarding RWA, emphasizing the importance of Compliance and the need to respect the legal framework.

Crypto market Q3 macro research report: Institutional funds drive selective bull run, structural revaluation has already begun.
1. The macro environment is warming: policy and regulation resonance drives market reassessment.
As the third quarter of 2025 begins, the macro environment of the crypto market has quietly changed. Against the backdrop of the Federal Reserve ending its rate hike cycle, fiscal policies returning to a stimulus track, and the acceleration of global crypto regulatory "accommodative framework" construction, the crypto market is on the eve of a structural reassessment.
In terms of monetary policy, the actual interest rates in the United States are expected to gradually decline from their high levels. The market has reached a consensus on interest rate cuts within 2025, and this expectation gap has opened an upward channel for the valuation of digital assets. Fiscal policy is also making a synchronized effort, with fiscal expansion represented by the "Great American Act" bringing about a huge capital release effect, indirectly strengthening the marginal demand for digital assets.
The regulatory attitude has undergone a qualitative change. The SEC's attitude towards the crypto market has clearly shifted, ETH staking.

Radiant is a cross-chain lending platform launched in 2022, simplifying user operations and enhancing asset utilization through its full-chain lending functionality. The RDNT V2 version will be released in the future to optimize the incentive mechanism. Although it shows growth potential, investors should remain vigilant about technical risks.

CARV is building a Web3 gaming credential infrastructure based on the "Data to earn" concept, allowing users to earn token rewards by sharing game data and participating in tasks. Users need to mint a CARV ID and link their social accounts to earn rewards through daily check-ins, participating in activities, staking tokens, and more. The project has a promising outlook and has attracted investment, but the distribution of rewards is yet to be clarified.