The DeFi industry is迎来积极变革, with leading projects showing varied performance.
Recently, the regulatory environment in the United States seems to be sending friendly signals to the DeFi sector. On June 9th, positive statements from high-level regulators indicate that DeFi platforms may welcome a more favorable development environment.
However, in this favorable context, the DeFi market presents a complex landscape: some leading protocols like Aave continue to hit new highs in TVL, with strong fundamentals; however, other leading DeFi protocols show weak TVL growth, and their token prices remain below the levels at the beginning of the year, suggesting that the market's re-evaluation of their value may still take time. Although DeFi tokens have recently seen a rapid rebound, it remains to be seen whether this is driven by short-term market sentiment fluctuations or long-term value logic. Let us focus on the latest developments and data performance of leading DeFi projects, analyzing the opportunities and challenges within.
Regulatory attitude shifts: DeFi welcomes "innovation exemption"

A certain exchange in South Korea is facing fines for KYC violations, while France is considering using nuclear power plant electricity for Bitcoin mining. UK lawmakers are calling for a ban on cryptocurrency political donations, and Thailand plans to launch a crypto sandbox to promote tourism. Market data shows strong inflows for both Bitcoin and Ether, with Kun KUN raising over $50 million in financing and Talos acquiring Coin Metrics. Institutions are increasing their investments in Ethereum and Bitcoin.

The dual Token model, compared to the single Token model, can effectively resolve the contradiction between holding and using Crypto Assets. By separating governance and payment functions, users will not compromise their long-term interests when using the network, making them more willing to participate in network activities. This model is increasingly attracting the attention of the new generation of Blockchain projects, demonstrating greater economic efficiency and flexibility.

Exploration of BitVM Optimization Solutions
BitVM, as a technical solution for implementing general computing verification on the Bitcoin network, is of significant importance. However, the current BitVM technology is still in its early stages and has some issues regarding efficiency and security. This article proposes several optimization directions to further enhance the performance and practicality of BitVM.
1. Reduce the number of interactions based on zero-knowledge proofs
Using zero-knowledge proof technology can effectively reduce the number of interaction rounds in the BitVM challenge-response process. By transforming the challenge object from the original algorithm to the verification algorithm, the challenge period can be significantly shortened, improving efficiency. By combining ZK Fraud Proof and On-Demand ZK Proof models, computational overhead can be reduced while maintaining optimism.
2. Adopt a Bitcoin-friendly one-time signature scheme
Lamport signature is B

Since its inception, Ethereum has undergone a transition from PoW to PoS. A researcher pointed out that, although the beacon chain performed well when introducing PoS, it has accumulated some "technical debt" in recent years, and its design has not fully leveraged cutting-edge technologies of decentralized systems such as zk-SNARKs. Therefore, the consensus layer of Ethereum is in urgent need of a major update.
At a recent developer conference, a proposal called "Beam Chain" was put forward, aimed at fundamentally reforming the consensus layer of Ethereum. As part of Ethereum's long-term development plan, Beam Chain will leverage the latest breakthroughs in zero-knowledge cryptography to significantly enhance the network's scalability and performance without launching a new network. This is undoubtedly one of the most critical upgrades for Ethereum in the coming years.
It is important to clarify that Beam Chain is not a completely new blockchain, but rather operates within the Ethereum mainnet.

The launch of Scroll's Mainnet marks a new starting point, focusing on real-world applications and ecological development. Haichen stated that the zkEVM solution enhances security and compatibility, supporting Decentralized Finance and infrastructure services. In the future, it will incentivize developers to join the ecosystem and promote the development of innovative projects. It also emphasizes that the competition in the Layer 2 ecosystem has just begun, and there is a need to improve trustlessness and security.

Binius STARKs directly perform bitwise operations through binary fields, utilizing tower binary field arithmetic and improved HyperPlonk techniques to enhance efficiency. The article delves into its core principles and explores further optimization possibilities, such as GKR-based multiplication optimizations, ZeroCheck, and Sumcheck improvements. In the future, performance is expected to be further enhanced through dedicated hardware.

This article discusses the uniqueness of Web3 marketing, including key topics such as Crypto Assets marketing, developer community operation, token issuance, and more. It emphasizes the importance of accurately grasping developers' needs, strategies for Layer2 projects, and the influence of founders. At the same time, startup projects should focus on team building and global operations to shape an effective brand and community culture.

From policy clarity to institutional layout: the encryption industry is迎来结构性转折点
This week, the cryptocurrency market welcomes two major catalysts: Washington's legislative push during "Cryptocurrency Week" and the intensive outbreak of institutional布局 in Ethereum, together forming the "policy turning point" and "funding turning point" for the cryptocurrency industry in the second half of 2025. The deep logic of this cryptocurrency cycle is shifting from Bitcoin to Ethereum, stablecoins, and on-chain financial infrastructure. The clarification of U.S. policies and the institutional expansion of Ethereum mark the entry of the cryptocurrency industry into a structurally positive phase, and the market's focus should gradually transition from "price gaming" to "capturing institutional dividends through rules + infrastructure."
America's "Cryptocurrency Week": Three Major Bills Signal that Compliant Assets Will Face a Valuation Reassessment
In July 2025, the U.S. Congress officially launched the "Cryptocurrency Week", marking the first time in American history that comprehensive governance of encryption assets is systematically advanced through a legislative agenda. In the global number

Can Bitcoin reach a new high? What is the future direction of the crypto market?
With the approval of the Bitcoin ETF and the price breaking through historical highs, whether Bitcoin can surpass $100,000 has once again become a hot topic. However, the volatility in the crypto market remains significant. Following the record high, the market experienced the largest correction since 2020, with the total market capitalization of cryptocurrencies shrinking from $2.44 trillion on August 2 to $1.99 trillion on August 6, with a maximum single-day drop of 8.4%.
The reasons for this pullback are complex and varied. Global economic uncertainty has increased, stock markets have generally declined, and the Bank of Japan has raised interest rates; meanwhile, signs of recession have appeared in the U.S. economy, and employment data has fallen short of expectations. Additionally, the operations of some trading institutions and the tense geopolitical situation have also affected the market.
In recent years, some prediction models have gained attention for accurately predicting Bitcoin peaks. However, over time, the predictive power of these models has gradually weakened.

Hydro Protocol: Liquid Staking Derivation Platform on Injective Network
Hydro Protocol is the first localized liquid stake derivation (LSD) protocol in the Injective Network ecosystem. This protocol aims to bring new levels of optimization and utility to the Injective ecosystem and is expected to become an important force in building the LSDfi ecosystem.
The importance of Hydro
As a game-changing protocol, Hydro

The implementation of blockchain business applications requires mature technology, stable digital money, and complete legal regulation. With the rapid development of new technologies and the gradual improvement of regulations, the blockchain industry will undergo significant changes. In addition, data privacy protection will become an important trend in the future, and combining encryption technology can enhance user data control.

Global Blockchain Industry Investment and Financing Weekly Report
Last week (5.26-6.1), there were a total of 21 financing events in the global blockchain industry, with a total capital scale exceeding 133 million USD, a decrease compared to the previous week. The main investment directions include:
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Recently, the online seminar focused on the core mechanisms and ecosystem of Berachain, discussing the impact of POL Consensus and the tri-token model on the protocol launch. Multiple project representatives shared the potential of combining artificial intelligence with Web3 and their latest developments, showcasing the innovation and diversity of the Berachain ecosystem. Participants look forward to the platform bringing new opportunities to the blockchain industry.

The US non-farm payroll data for July was far below expectations, leading to a decline in the US stock and Crypto Assets markets. Despite the intensified short-term Fluctuation, analysts and institutional investors remain optimistic about the prospects of Crypto Assets, as the clarification of regulatory policies may benefit the industry's development.