The rise and fall of Labubu toy craze and related encryption assets
Pop Mart's stock price has surged this year, with a market capitalization exceeding HKD 350 billion. As of the end of last year, the company had 401 stores in mainland China and 130 stores in Hong Kong, Macau, Taiwan, and overseas, covering more than 30 countries and regions. Revenue from overseas operations accounts for over 38% of its total. However, the associated cryptocurrency LABUBU has seen its market value drop to USD 27.89 million, with a 24-hour decline of 20.4%.
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The origin and development of Labubu
Labubu is a uniquely shaped plush toy character designed by artist Long Jiasheng. Its inspiration comes from Norse mythology and folklore. Labubu made its debut in 2015 and quickly became popular after collaborating with Pop Mart in 2019.
In the first half of 2024, Labubu's "The Monsters" series created.

The investment appeal and risks of Meme Tokens
In the cryptocurrency market, Meme Tokens attract investors' attention due to their unique characteristics. These tokens are usually closely linked to the Layer 1(L1) ecosystem they belong to, exhibiting a high beta value. Taking BONK from the Solana ecosystem as an example, a moderate allocation of these tokens can provide leverage on L1 assets for a portfolio without increasing liquidation risk.
Data shows that when the 30-day beta value of BONK exceeds the 90-day rolling beta value, its average 30-day and 60-day return rates reach 124% and 413% respectively. This significant excess return usually occurs in the short term, highlighting the importance of investing at the right time.
However, the performance of BONK does not always align with SOL. Although BONK typically shows correlation with SOL, in BON

The development of memes: from joke to industry
Memes as one of the most unique entities in the cryptocurrency field, combining cultural attributes and financial characteristics. Looking back at the history of memes, it is also a reflection on the collision between internet culture and financial speculation.
From a sarcastic joke at the beginning to a virtual currency that now occupies a place in the market, memes are telling us with their experiences - in today's era, perhaps cultural resonance and community belief can drive value creation more than technical whitepapers. While the traditional financial world is still trying to create new value, memes have already reshaped people's understanding of "value" itself.
In an era dominated by social media, the speed and manner of information dissemination have undergone fundamental changes. A meme that goes viral on Reddit or Twitter can achieve hundreds of millions of exposures globally within a few hours, and this viral transmission...

On-chain MEME Token Launch Platform Analysis
The on-chain MEME Token launch platform is a decentralized platform built on the blockchain, aimed at simplifying the creation process of MEME Tokens. It provides tools for token creation, presale management, and liquidity provision on decentralized exchanges, ensuring transparency and accessibility for users.
Launch the platform's functionality
The structural advantages of the launch platform are highly compatible with the characteristics of the MEME Token. In particular, their ability to quickly establish and mobilize communities complements the typical high community dependency of MEME projects. Therefore, launch platforms focused on MEME have gained greater appeal than other types of Token issuance platforms.
MEME Launch Platform Development Documentary
The emergence and maturation of the MEME launch platform.
The emergence of the on-chain MEME launch platform has reshaped the early token distribution model.

Revisiting the opportunities in the Ethereum ecosystem
Although current market funds are mainly concentrated in Bitcoin and the Solana ecosystem, the Ethereum ecosystem seems a bit quiet. However, with the official launch of Eigenlayer expected to enhance the benchmark interest rate of the Ethereum ecosystem, funds are likely to flow back into the DeFi space. As the investment adage goes, "buy when no one is watching," this may be a potentially lucrative choice to strategically position for the future restaking ecosystem through Agilely.
Preface
After Ethereum switched to proof of stake, wrapped ETH issued by staking protocols like Lido and Rocket Pool has brought a 4% risk-free interest rate derived from proof of stake to the Ethereum ecosystem. EigenLayer further decouples the security of Ethereum staking nodes from the network, providing services to multiple proof of stake networks through re-staking. Although it has not officially launched yet, it can...

This discussion invited experts from various Bitcoin ecosystem projects to explore the progress and market demand of emerging projects such as Babylon, Fractal Bitcoin, and Alkimiya, analyze the roles of different market participants, and delve into the concepts of technological applications and Bitcoin finance, providing important insights for industry professionals.

"Buidlers' Voice" is a platform for voices in the Crypto Assets industry, discussing technological innovation, regulatory challenges, and market trends. In the latest issue, Su Yang from Eigen Foundation introduced the significant milestones of Eigenlayer and the AVS ecosystem, elaborating on the innovations of permissionless stake and future development plans, showcasing the potential and flexibility of Ethereum stake.

This article outlines three new protocols for Bitcoin asset issuance: Rune Alpha, CBRC-20, and BTNS. Rune Alpha is based on the ordinals protocol and has attracted market attention; CBRC-20 significantly drops minting costs by streamlining processes and supports multi-protocol operations; BTNS utilizes broadcasting technology to achieve transparent asset issuance without consuming the total Bitcoin supply. These protocols bring new development opportunities to the Bitcoin ecosystem.

Recently, the global economic situation has been turbulent, and aggressive trade policies have led to severe fluctuations in the crypto market. The crypto industry is actively seeking coping strategies while analysts predict that a rebound may occur in the prediction market. Emerging projects and easing regulations may drive the development of the crypto industry, and the long-term outlook remains optimistic.

Ethereum Enters a New Decade: The Era of Institutions Has Arrived
Ethereum is entering a new stage of development. As the world's most secure and decentralized programmable blockchain, it has become the preferred platform for many institutions. Just as Bitcoin is regarded as "digital gold," Ethereum's native asset ETH is also gaining the status of "scarce digital oil."
Recently, major institutions have been increasing their holdings of ETH as a long-term strategic reserve, with the "strategic ETH reserve" exceeding 1.7 million coins by 2025. With the increase in institutional holdings, ETH has become the first digital commodity that can generate income.
ETH can be seen as an "internet bond", and staking provides institutions with a low-risk way to accumulate returns. As the adoption rate of Ethereum continues to rise, ETH is becoming increasingly scarce, and institutional attention is shifting towards staking and distributed validators due to their security advantages.
Institutions generally recognize that Ethereum will drive the world.

The security development of Ethereum's L2 network is divided into three stages: a fully controlled security committee, requiring 75% member consent, and intervention only in case of errors. Vitalik Buterin proposed a mathematical model to analyze the risks and credibility of each stage, emphasizing the need to balance risk and efficiency, and suggesting the provision of system audit metrics to enhance user understanding.

The crypto market remained sluggish in July, with multiple factors affecting Bitcoin prices.
After two months of sluggishness, the crypto market in July did not see the anticipated rebound. On the contrary, some negative factors intensified investors' panic, leading to a decline in Bitcoin prices, dragging the entire crypto market down. Although the market has suffered a severe blow, the emergence of some favorable factors has led many to believe that the crypto market may start to see a turnaround in the fourth quarter of 2024.
Current important bearish factors
Mt. Gox compensation triggers panic in the market: Bitcoin price plummets
The compensation issue of the Mt. Gox incident has attracted significant attention from the market, with a sell-off pressure of as much as 142,000 BTC and 143,000 BCH, which briefly triggered panic in the market on June 24, causing the BTC price to drop to around 60,000 dollars.
With the compensation officially starting on July 5th for Mt. Gox,

Ethereum and Solana adopt different strategies in the public chain race: Ethereum focuses on supply-side reforms and speeding up while reducing costs, whereas Solana emphasizes expanding application scenarios. Solana's new consensus mechanism Alpenglow improves node efficiency, which may affect network security. The development of both will profoundly impact the future of the blockchain industry.

Ethereum leads the crypto market Rebound, with the South Korean market rapidly recovering. Market confidence is increasing, and institutional funds are driving the Ethereum bull run. New legislation promotes regulatory clarity, and the trend of giants entering the encryption field is becoming apparent, with signs of a warming NFT market.

This week, the financial markets remained stable, with a slight rise in US stocks and fluctuations in the commodity markets. After the FOMC meeting, the Fed adjusted its strategy, emphasizing data dependence and liquidity management. Attention is drawn to the upcoming "reciprocal tariffs," which may affect inflation, corporate profits, and global trade. The market is cautious, and it is advised to adopt defensive strategies to seize opportunities.

The impact of pensions on the crypto market: Trump's executive order sparks discussion
Recently, a far-reaching executive order has attracted widespread attention in the financial sector. This executive order allows 401(k) retirement savings plans to invest in a more diversified range of assets, including private equity, real estate, and encryption assets. This means that up to $8.7 trillion in retirement funds could potentially enter the crypto market, which will have a significant impact on both the crypto market and the pension system.
The pension system in the United States is primarily composed of three parts: a government-managed universal program, a voluntary individual retirement plan, and the employer-managed 401(k) plan. The 401(k) plan is a private enterprise retirement benefit plan established under the Internal Revenue Code of 1978, funded jointly by employers and employees, allowing employees to choose their investment portfolios and enjoy tax benefits.
As of March 31, 2025, all employer-led contributions

BTC-Fi is redefining the role of Bitcoin, transforming it from a store of value into a tool that can generate returns. Despite facing technical and security challenges, the interest from institutional investors is gradually rising. Projects like Babylon are committed to promoting staking, which could lead to significant growth in the future, driving the comprehensive application of Bitcoin.