Circle has recently completed its Series E financing, reaching a valuation of $3 billion. The company plans to launch a stablecoin pegged to the US dollar and will establish Hong Kong as its Asian business hub. The company places great importance on compliance and actively collaborates with regulators, looking forward to working with traditional payment tools. The CEO emphasizes the potential of the Asian market and a deep understanding of Blockchain technology.

The RWA track has welcomed significant developments: new public chains, competitions, and fund sizes have broken through.
RWA (Real World Assets) has become one of the fastest-growing sectors in the Web3 space. As of March 25, the total on-chain value of RWA has reached $19.53 billion, an increase of 19.58% from 30 days ago and a year-on-year growth of 108%. In terms of blockchain network distribution, Ethereum leads with a total value of $5.01 billion, followed by ZKsync Era and Algorand.
Recently, the RWA track has made significant progress in various fields, including public chain innovation, tokenization competition, mortgage-backed securities market, and real estate tokenization. Below is an overview of these latest developments.

[Coin World] The market shows that BTC has fallen below 116,000 USD, currently quoted at 115,988.01 USD, with a 24-hour decline of 0.55%. The market fluctuation is significant, please ensure proper risk control.

A well-known social media platform has recently conducted mass layoffs, dismissing about 4,400 contract workers, which accounts for 80% of the total. This move is expected to impact content moderation and infrastructure maintenance, and employees were not informed in advance, raising concerns about operations and user experience, exposing issues with the company's management communication.

Recently, a Large Investor in Ethereum accumulated a total of 186 million USDC to purchase 70,465 ETH within a short period, at an average price of 2,647.7 USD, and the account still holds 150 million USDC. This action has attracted market attention and may indicate that institutions hold an optimistic attitude towards the prospects of Ethereum.

Merlin Chain: The Innovative Path in the Bitcoin Ecosystem
The ecosystem of the Bitcoin network is constantly evolving, and one of the notable projects is Merlin Chain. This project demonstrates the evolutionary process from Bitcoin sidechains to Bitcoin ZK layer2, embodying an innovative solution to the inherent limitations of the Bitcoin network.
Merlin

A mysterious trader named "Théo" made a bold bet on the U.S. presidential election, expecting to profit nearly $50 million. His accurate prediction of Trump's victory sparked discussions about polling methods, arguing that current methods often underestimate Trump's support and calling for more diverse polling approaches.

As the results of the U.S. election become clear, the Crypto Assets market is experiencing a pump, and investors' optimistic expectations for the new government's support of the industry are increasing. Despite the uncertainties, the new government may promote friendly regulation of the encryption industry, but the actual policy effects still need time to observe. Industry participants should remain cautiously optimistic.

On August 8th, after ETH broke $4000, a certain Address withdrew 1999 ETH from a certain platform, worth $7.84 million.
In the past 24 hours, this Address has withdrawn 3356.78 ETH from centralized platforms (total value of 13.02 million USD), with an average price of 3925.5 USD.

In Web3 marketing, building an engaging project narrative is a key challenge. Successful projects need to become the "first" or "only" in a certain area, and gain user trust and participation through market analysis, differentiation strategies, and multi-layered narratives. Ultimately, building a strong sense of community identity is a crucial factor for achieving sustained success.

On August 8, according to reports, Trump is preparing to promote Fannie Mae and Freddie Mac to conduct an IPO in 2025, aiming to raise $30 billion with a valuation target of $500 billion, which could become the largest IPO in history.

A well-known trader suffered severe losses totaling 29.1 million USD after making large-scale go long trades in the Bitcoin market three times in a row, raising concerns about the risks of high Margin Trading. This event emphasizes the volatility of the Crypto Assets market and the importance of risk assessment, reminding investors to remain cautious.