Pi Network is a mobile-based cryptocurrency that allows "mining" through a mobile application, lowering the participation threshold. Although its token acquisition relies on referring users and is similar to a pyramid scheme, Pi coin recently announced the launch of its mainnet, attracting market attention. Its supply is unclear, estimated to be around 100 billion tokens, with a limited actual circulating supply and a low proportion of active users. The valuation of Pi coin is influenced by supply and demand as well as market confidence, with strong community support. It may fluctuate in the short term, but in the long term, it depends on actual applications and market recognition.

The "Beam Chain" plan proposed by Ethereum core researchers aims to reform the Ethereum consensus layer, enhance scalability and performance, address technical debt, and support more decentralized applications. This proposal will achieve faster transaction confirmations, drop the staking threshold to 1 ETH, and introduce quantum computing resistance to ensure Ethereum remains efficient and secure in the future.

Syncus is a decentralized currency reserve protocol based on the zkSync Era chain, aimed at breaking through the prisoner's dilemma in DeFi, allowing all participants to benefit through optimized mechanisms and establishing a self-sustaining ecosystem. Its token economic model, combined with market fluctuation, encourages participants to gain long-term benefits and high APY in the market. Syncus promises to bring innovation and sustainable development to the DeFi space.

This week's Web3 Weekly Report focuses on Bitcoin's liquidity hedging position and stablecoin competition, revealing updates such as Circle's successful IPO and JD.com's stablecoin plan. Meanwhile, financing and challenges for innovative projects in the AI and DeFi sectors are also in the spotlight, with the industry facing multiple hot topics, such as virtual money compliance and the wave of account bans on social platforms.

Last week, there were a total of 21 investment and financing events in the global Blockchain industry, with a total scale exceeding 133 million USD, among which DeFi, Web3 games, and infrastructure sectors were active. Notable financing includes the stablecoin company Conduit raising 36 million USD in Series A financing and the AI project Freysa AI raising 30 million USD.

[Coin World] According to real-time dashboard data, the on-chain transfer volume of stablecoins in July was approximately $3.3 trillion, with about 39.7 million active addresses per month, and the total value of stablecoins nearing $25.9 billion.

This article analyzes the dynamics of the Ethereum and altcoin markets, pointing out that Ethereum's price has rebounded due to institutional capital inflow, and explores the rise of altcoins and their potential impacts. It also emphasizes Aave's dominant position in the Decentralized Finance sector and the impact of macro policies on the crypto market. Additionally, the article focuses on new trends in the AI field and the dynamics of Web3 development.

ETHCC7 Review and Insights: Infrastructure Remains a Key Focus of the Ethereum Ecosystem
This year's ETHCC7 held in Brussels attracted over 5,000 participants and invited more than 350 speakers, surpassing previous years in scale. The conference included a series of rich activities as well as numerous side events, gatherings, and parties held throughout the week. The main discussions focused on scalability solutions, the integration of AI and blockchain, and the growing interest in consumer applications and privacy.
Main Highlights
Infrastructure
Infrastructure was a recurring theme during ETHCC, as it plays a critical role in the development and expansion of the Ethereum ecosystem. With the continuous evolution of Ethereum, scalability remains a significant challenge. Infrastructure improvements (such as Layer2 and sharding) are essential for handling increased transaction volumes and reducing gas fees. A robust infrastructure is crucial for maintaining the decentralized nature of the network.

Dubai, due to its open policies, well-developed infrastructure, and high level of internationalization, has become an emerging hub for Web3 companies. Community building is seen as a key to project success, while responding to market Fluctuation requires maintaining a long-term perspective and flexible strategy adjustments.

With the rapid development of the encryption asset market, new trends in related criminal activities have emerged, including large-scale Money Laundering and personal information leakage cases. Recently exposed cross-border Money Laundering cases involve amounts exceeding 2 billion yuan, with complex sources of funds and frequent transactions. Regulatory agencies are shifting their focus to AML and forex control, tackling economic crimes such as Money Laundering, gambling, and fraud.

Recently, a certain trading platform launched a stock tokenization product, which has sparked heated discussions in the Web3 circle. As a long-term observer of blockchain technology, I believe it is necessary to discuss the essence of this product. To be frank, this seems more like a carefully planned marketing campaign rather than a true technological innovation.
Core points
The stock tokenization product launched by this trading platform is essentially a well-planned marketing campaign. Its main purpose is to seize the high ground of the hot topic of RWA, but from the perspective of actual innovation, there are not many highlights. In short, it uses Blockchain technology as a branding tool and does not fully leverage the core advantages of Blockchain's decentralization and composability.
The "synthetic packaging" model of this platform has shortcomings in both legal structure and functionality compared to the "digital twin" model of a certain DEX. What it actually provides to users is a derivative contract, rather than true ownership of the underlying asset.

Last week, the pullback in the crypto market was mainly due to the uncertainty caused by Trump pressuring Congress on the spending bill and threatening to cancel the debt ceiling, rather than the Fed's hawkish remarks. Macro data did not indicate an economic downturn, and concerns about the debt ceiling could affect Crypto Assets. Trump's policy direction will become a focal point for market follow.