Recently, Goldman Sachs lowered its Fed interest rate cut forecast, indicating a clear trend of falling inflation. The United States has delayed the implementation of cryptocurrency tax reporting rules. A Syrian research institution proposed establishing a banking system based on Bitcoin. The Ethereum News Weekly announced its shutdown, and the Elon Musk renaming incident triggered fluctuations in the crypto market. The T3AI project, which combines AI with a DeFi protocol, has attracted attention.

Well-known banks are integrating encryption asset trading services to provide more comprehensive services, supporting institutional clients and involving Ethereum network tokens. The CEO stated that the widespread application of digital money is inevitable, reflecting that traditional financial institutions are accelerating their entry into the digital asset field to meet rising demand.

PFP NFTs account for 70% of the market share due to their ease of understanding, speculative effect, and strong community support. Successful cases like BAYC, Azuki, and Doodles have enhanced user recognition by establishing ecosystems and attracting celebrity participation. In the future, these projects need to find a balance between retaining users and expanding to new audiences.

This week, the crypto market has warmed up, with the sentiment index rising to 35%. DeFi and AI tokens have performed outstandingly, with DeFAI market capitalization quadrupling. The attention on Meme coins has decreased, while Layer 1 public chains have steadily risen. The market outlook is optimistic, but it is advised to follow real application projects to control risks.

Three Stages of GameFi Development and Investment Layout
The current GameFi market is in a state of overheating, with overall project value and token prices supported by irrational funds and new users. Once the market enters a correction period, the prices of tokens and in-game assets will decline, and the entire gaming economy will face severe challenges. Users and funds are likely to shift to other sectors, and the current prosperous situation will inevitably lead to a major adjustment.
As a primary market investor, even amidst the GameFi craze, it is essential to remain calm and assess the subsequent development trends to prepare for the next wave of investment layout.
The three development stages of GameFi
Phase 1: GameFi 1.0 - Focused on "making money"
The current Play-to-Earn model mainly focuses on making money, while the game mechanics and refinement are more like supplementary elements that enhance the narrative of the project. A complete project should have the following characteristics:
- Can be at a certain time

As the CEO of Janction, Hara promotes the development of the Japanese Blockchain industry, emphasizing technological innovation and globalization. Although there are regulatory and cultural barriers in the Japanese market, Hara believes that internationalization is the future direction. He analyzed the idealism of Blockchain and the phenomenon of memes, arguing that the former should focus on long-term technological value, while the latter carries speculative risks. He is committed to using Blockchain to bring innovation to the internet of things and data management.

Core launches Rev+: an innovative profit-sharing mechanism that converts on-chain behavior into income.
On July 15, the Core Foundation announced the launch of a protocol-level revenue-sharing mechanism called Rev+, which is the industry's first system that directly rewards developers, stablecoin issuers, and decentralized organizations. Rev+ aims to incentivize projects that create real value for users, allowing developers to earn ongoing income from the Gas fees generated by their applications without the need to issue tokens or design complex governance mechanisms to achieve profitability.
For a long time, there have been significant shortcomings in the incentive structure of the blockchain ecosystem. Although the on-chain transaction volume driven by stablecoins exceeds $35 trillion annually, more than twice the amount processed by Visa, most of the revenue has not flowed to the builders and issuers who truly support these transactions. Hong Sun, head of Core institutional business, pointed out that Rev+ is pushing...

Discussion on the Development Prospects and Technical Implementation of Digital Hong Kong Dollar
Hong Kong is accelerating the construction of infrastructure and legal environment in preparation for the launch of the digital Hong Kong dollar. As a borderless digital currency, the digital Hong Kong dollar is expected to circulate globally and become a standard for value measurement in the Web3 world.
Compared to existing stablecoins like USDT and USDC, the digital Hong Kong dollar has several advantages:
1. Endorsed by banks, higher credibility.
2. The reserve fund does not rely on the US banking system.
3. High level of support for policy environment
The introduction of digital Hong Kong dollars will bring numerous benefits:
1. Significantly reduce account opening costs
2. Expand the global user base
3. Increase bank deposits and earnings
4. Applicable to global payments, local payments, and the DeFi market
In terms of technical implementation, the digital Hong Kong dollar may first be issued on a private chain or consortium chain, but ultimately needs to be issued on a public chain to improve circulation efficiency. The deployment of smart contracts is related to

TProtocol V2 aims to address the current market's lack of pure national debt Token products by maximizing the transmission of national debt yields to ordinary users through an institutional collateral lending model. Its innovation lies in supporting high LTV lending, focusing on short-term national debt, drop risk, and improving capital efficiency, allowing users to enjoy national debt yields without KYC.