Bitcoin and Ethereum have different development paths in the digital asset field. Bitcoin aims to become a medium for value storage, while Ethereum builds a diverse ecosystem. The key to future success lies in user scale and infrastructure development, as well as the launch of native stablecoins. The development over the next five years will determine their leadership positions in the encryption world, and future developments are difficult to predict.

Recently, a piece of news regarding the leakage of customer information from Financial Institutions has attracted widespread attention in the market. It is reported that someone claimed on an overseas online forum that they could sell customer data from multiple Financial Institutions, including 800,000 customer records from a bank in Shanghai, 100,000 customer records from a development bank, 460,000 private data of credit card users from a commercial bank, and 100,000 records from an insurance company. The allegedly leaked information contains multiple sensitive details, including names, identification numbers, phone numbers, deposit data, and home addresses.
In response to this situation, a relevant person in charge at a bank in Shanghai made a statement. The person indicated that they have verified and compared the claimed "customer information of the bank." The results showed that the so-called customer information does not include the bank account information of the bank, and it does not match key elements of real customer information. Therefore, the bank concluded that this so-called customer information did not originate from the bank.

Crypto market weekly report: Where is the market heading on the eve of the Bitcoin Halving?
Key Points
In the face of the Federal Reserve's cautious attitude towards inflation risks, the crypto market has shown a downward trend similar to stocks and other risk assets.
In this market environment, gold has performed remarkably, driven by factors such as central banks increasing their holdings, escalating geopolitical risks, and inflation concerns, leading to record high gold prices.
The Endgame plan of the Maker protocol and the recent governance changes aimed at increasing revenue have attracted widespread attention in the market, although these rapid changes are also seen as high-risk measures by other protocols such as Aave.
Market Analysis
Recently, Fed Chairman Powell has maintained a cautious stance on interest rate cuts in multiple speeches, leading to a significant drop in the crypto market. This uncertainty is not limited to the crypto space, as stocks and other risk assets have also shown lackluster performance over the past week. Coupled with rising inflation concerns, the market anticipates rate cuts before the end of the year.

The parallel EVM enhances Blockchain performance by executing transactions in parallel, divided into monolithic blockchains and modular blockchains. Major projects such as Sei, Monad, and Canto demonstrate strong development potential. In the future, more projects will join the competition, driving infrastructure optimization and bringing innovative opportunities in the Web3 space.

The article discusses the new challenges faced by decentralized Perptual Futures exchanges, particularly the impact on liquidity pools during large position trades. Through an example of a trader profiting from substantial leverage, it highlights the platform's deficiencies in liquidity and Risk Management. The article compares the mechanisms of three major decentralized exchanges and suggests measures that need to be taken in future developments, such as dropping the Enter a Position amount and implementing automatic reduce position mechanisms to enhance platform security and liquidity.

[Block Rhythm] On July 20, the founder of an investment institution posted on social media that there has always been a rising pattern in the crypto assets bull run, where BTC and ETH peak first, followed by mainstream mid-cap Tokens like XRP, LTC, certain DEXs, and finally various strong alts rise. Making efforts to invest in the right selection of assets will yield returns that outperform the market.

The current Web3 Airdrop ecosystem is facing a Crisis of Confidence and distribution imbalance, with users shifting from enthusiastic participation to disappointment, and capital dominance harming ordinary users. The article explores the problems of the Airdrop mechanism and the direction for reconstruction, emphasizing the need to increase transparency, introduce community governance, and create a fair rewards system to restore ecological trust.

The cryptocurrency market in 2025 will see numerous trends, including the rise of tokenized real asset support, Bitcoin is expected to break $100,000, new opportunities brought by DEX, and more blockchain projects focusing on AI and consumer orientation. Additionally, stablecoins, interoperability technologies, and application development will also become key focal points, making the overall market more diversified and mature.

The Transformation of the Global Payment System: A Deep Dive into the Stablecoin Ecosystem
The global financial system is undergoing a profound wave of transformation. Traditional payment networks are facing comprehensive challenges from emerging alternatives - stablecoins - due to outdated infrastructure, lengthy settlement cycles, and high costs. These digital assets are rapidly innovating the modes of cross-border value flow, the paradigms of corporate transactions, and the ways individuals access financial services.
In recent years, stablecoins have continued to develop and have become an important underlying infrastructure for global payments. Large fintech companies, payment processors, and sovereign entities are gradually integrating stablecoins into consumer-facing applications and business funding flows. At the same time, a series of emerging financial tools, from payment gateways to deposit and withdrawal channels, and programmable yield products, have greatly enhanced the convenience of using stablecoins.
This report provides a deep analysis of the stablecoin ecosystem from both technical and business perspectives. The research shapes