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Current Status and Future Outlook of the Encryption Industry: AI, Bitcoin, and Human-Machine Integration
Recently, Dragonfly Managing Partner Haseeb Qureshi had an in-depth discussion with host Mia Soarez on topics such as the current state of the encryption market, Bitcoin positioning, the impact of AI technology, and human-machine integration. Here are the main points of the conversation:
Industry status: Tired but not pessimistic
Although this year's ETH Denver is not as vibrant as in previous years, it is not all negative emotions. Haseeb believes that the current state of the industry can be attributed to several factors:
1. Conference diversion: Other large conferences distracted the attendees' attention.
2. Rise of Other Public Chains: The market share of some public chains has increased, diverting the focus of the Ethereum community.
3. Price slump: The decline in coin prices affects the enthusiasm for attending the conference.
Despite the widespread "fatigue" sentiment in the industry, Haseeb pointed out that this could be a build-up.

The ancient Bitcoin Whale awakening triggers market fluctuations, and US economic policies may become potential favourable information.
Recently, 8 dormant Bitcoin addresses that have been inactive for 14 years suddenly became active, holding a total of 80,000 Bitcoins, causing a brief market decline. According to analysis, these addresses may belong to an independent miner from 2011, who accumulated mining rewards from 180 blocks and once held 200,000 Bitcoins, making them the fifth largest Whale in Bitcoin history.
The market reacted strongly to this, primarily because the holding cost of these Bitcoins is only $1.76 per coin, while the current price is $108,000, resulting in an unrealized profit of up to 61,000 times. A large-scale sell-off could have a huge impact on the market. Considering that the German government selling nearly 50,000 Bitcoins in 2024 triggered months of market turbulence, the potential selling pressure from these 80,000 Bitcoins is even more concerning.
There are various speculations in the market regarding the reasons for these "sleeping" Bitcoins suddenly waking up.

The Web3.0 Security Report for the first quarter of 2025 shows that security incidents rose to 197, with total losses reaching $1.67 billion, an increase of 303.4%. Ethereum suffered the most severe attacks, with losses mainly stemming from wallet theft and Private Key leaks. Despite frequent Phishing incidents, total losses remain relatively low. The industry, regulatory bodies, and users need to work together to enhance security.

Introduction to Oracle Machine and Analysis of Chainlink
In the blockchain ecosystem, the Oracle Machine plays a key role as a bridge between smart contracts and the external world. It provides external data for on-chain smart contracts and is an important infrastructure connecting the inside and outside of the blockchain.
For example, in a simple scenario: suppose we deploy a smart contract on Ethereum that needs to obtain the trading volume of crude oil on a certain day. Since the blockchain itself cannot directly access such external information, the assistance of an Oracle Machine is required. The contract will write the necessary information into the event log, which will then be listened to by an off-chain process that retrieves the corresponding data, and finally uploads the data to the chain by calling the contract method.
Among the many Oracle Machine projects, Chainlink has the highest market share. It provides real-world data to the blockchain in a secure and reliable manner through a decentralized approach. Chainlink has built a system around the LINK token.

Political Meme Coin: Power Monetization and Moral Dilemma on Blockchain
Recently, a discussion about political meme coins has sparked widespread attention. Some believe that this phenomenon reflects the moral decay in the political realm and the collapse of public trust; others argue that it could be a new form of political financing.
Some commentators expressed strong dissatisfaction with a former president's action of launching a meme coin. They believe that such behavior contradicts the dignity and responsibility that the presidential position should uphold. What was once regarded as the most esteemed public office has now degenerated into a speculative tool, which has left many feeling disappointed and angry.
Critics point out that meme coins represent the worst side of the cryptocurrency ecosystem. They are often associated with fraud and speculative bubbles, rather than true innovation. The involvement of a well-known political figure in this area has further deepened public distrust in the political system.
However, this phenomenon did not arise out of nowhere. It may be a result of politicians over a long period of time.

This article explores the feasibility of using NFTs on Solana as identification tools, enabling user sign up and log in through the creation and management of Tokens. By utilizing spl-token-cli and Solana Playground, users can easily mint Tokens and check their registration status. This approach offers an innovative idea for Web3 identification.

A New Era of Stablecoin Regulation: U.S. and Hong Kong Legislation Leading Global Digital Asset Market Transformation
With the United States and Hong Kong successively introducing regulations related to stablecoins, the global digital asset market has officially entered a new growth cycle driven by regulation. These regulations not only fill the regulatory gap for stablecoins anchored to fiat assets but also provide the market with a clear compliance framework, including reserve asset segregation, redemption guarantees, and anti-money laundering compliance requirements, effectively reducing systemic risks such as bank runs or fraud.
This article will deeply analyze the core framework of these two important bills, combined with quantitative predictions, systematically looking forward to the growth trajectory of compliant US dollar stablecoins in the next decade and their restructuring effects on the public chain ecosystem.
1. The United States GENIUS Act: Growth Drivers and Quantitative Analysis of Dollar Stablecoins
The U.S. "GENIUS Act" (Guiding and Establishing National Inno

Recent discussions about new projects in the Bitcoin ecosystem have focused on the progress and impact of projects like Babylon, Fractal Bitcoin, and Alkimiya. Guests explored the technical characteristics, market changes, and ecological impacts of each project, emphasizing the balance between demand and creativity, and analyzed the prospects of the BTCFi concept. This discussion provided deep insights into the development of the Bitcoin ecosystem.

One week after Blend launched, the loan volume rose by 370.5%, reaching 39,112 ETH, with active loans mostly from the Milady series. Despite the considerable volume, the number of participants is limited, and the overall number of loans is on a downward trend, reflecting an increase in users' risk awareness. More NFT series are expected to be added in the future.

Decentralized stablecoins face competition from centralized stablecoins, which such as USDT and USDC have dominated the market. Although decentralized stablecoins have potential, their current market share is small, and development urgently needs breakthroughs. Algorithmic stablecoins, such as those in the form of over-collateralization, have gained recognition but face overall centralization risks.

The Web3 social track is rapidly developing, characterized by Anonymity, data ownership, and user-friendliness. Projects encompass social graphs, social applications, and development tools. The future prospects are broad, but challenges such as technology and regulation still need to be overcome, which is expected to drive a new round of transformation in the internet.

This article discusses the key principles of wealth rise, including time, persistence, and personal development. It emphasizes the importance of early investment in hard assets, the courage to face challenges, self-reinvention, and avoiding loss traps, while mentioning that wealth is not just about money; family and interpersonal relationships are equally crucial. After achieving success, it is important to remain low-key and be vigilant against attack risks.

Project89 is a high-performance, modular AI Agent framework designed with an ECS architecture that improves concurrency and system efficiency. Through layered system design and drop coupling, this framework is flexible and easy to extend, making it suitable for complex game development needs.

The expectation of interest rate cuts by The Federal Reserve (FED) is rising, the June non-farm payroll data boosts market confidence, Bitcoin price fluctuations are increasing, forming a double top pattern, follow the support level. New policies on stablecoins are also bringing market dynamics. Investors need to pay attention to CPI data and market fluctuations.

Rating agency S&P has assessed the stablecoin market for the first time.
S&P Global Ratings has recently shifted its assessment perspective to the stablecoin sector, conducting its first comprehensive evaluation of the dollar exchange capabilities of 8 major stablecoins. This move indirectly indicates that stablecoins have become an indispensable part of the financial markets.
S&P senior analysts stated that the company is increasing its resource investment in the cryptocurrency sector, as it shows growth in both traditional and emerging financial fields. However, in this assessment, the performance of some mainstream stablecoins was not satisfactory. The largest stablecoin by market capitalization and trading volume, USDT, received only the fourth lowest score within a range of 1 to 5. At the same time, the scores for DAI and TrueUSD, which are commonly used in the DeFi sector, are also relatively low.
Despite the mixed results of the ratings, S&P's attention to stablecoins is in itself a positive sign. This indicates that stablecoins have become an important financial tool, regardless of whether they are.