Weekend Recommendation: Mystonks Compliance qualifications and custody arrangements become the focus, Qubic launches a 51% attack on Monero coin.

Organizer: Nona

Focus of the Week

"Qubic 'Peaceful Occupation' Monero 51% Hashrate: For Proof Only, Not for Attack"

This is a carefully designed proof that as long as sufficiently attractive economic benefits are provided, miners will voluntarily "switch sides." This is not just the story of Monero. It is a warning to all PoW networks.

"Uniswap Proposes the Establishment of DUNA Entity, DAO Compliance Process Once Again Enters the Exploration Stage"

In the current cold climate of DeFi, Uniswap is planning to clear obstacles for its fee switch through a compliant "big game." Can DUNA leverage this to push DAO compliance into a new phase?

"Ethereum Aiming for New Highs: Is it Simply Institutional Buying Power or Ecosystem Recovery?"

After a gap of 3 years and 8 months, Ethereum has returned to $4,400, aiming for a new high. Is it purely institutional buying power or an ecological recovery?

"EigenLayer, which replicates Web2 cloud services, is exploring new scenarios beyond finance"

However, as it has developed, EigenLayer's goal is no longer limited to providing more returns for users participating in staking, but rather to build a Web3 version of a cloud platform based on re-staking. In the Web3 landscape, where "tax collection" is the main profit model, a16z has invested over a hundred million dollars in a single bet on EigenLayer, which has created something new.

"Exclusive Interview with EX.IO Co-founder Wu Chen: The Compliant Web3 Track in Hong Kong, Giving Regulators a Little More 'Love'"

Wu Chen, with his cross-border experience in traditional finance and the Web 3 field, leads EX.IO to find breakthroughs in a strict regulatory environment, particularly in the innovative practices of the RWA market, providing an efficient path for traditional funds to enter Web 3.

Featured Recommendations

"Deconstructing Banking: The Legislative Changes Led by the GENIUS Act Push Crypto into the Mainstream of Financial Technology"

Today's article explores how legislative changes are deconstructing the banks we are familiar with. We believe that if blockchain is the track for funds, and everything can be marketized, then users will ultimately leave their idle deposits in their preferred applications. Over time, these balances will accumulate into mountains on platforms with significant distribution capabilities.

"Mystonks Refuses $6.2 Million Withdrawal, Controversy Arises: Is it a Rival's Smear?"

In the multi-faceted narrative surrounding the incident, there are both accusations from investors and speculations orchestrated by competitors. This information comes from discussions on third-party social media and lacks independent evidence for corroboration. Biyapay has not publicly responded to the relevant accusations, and the user involved, @Caroline, has also not directly addressed the doubts regarding her relationship with Biyapay.

"China-funded banking system brokers make their RWA debut, CMB International launches Solana on-chain fund"

On July 14 this year, China Merchants International officially received approval from the Hong Kong Securities and Futures Commission (SFC), becoming the first Chinese-funded bank-affiliated brokerage in Hong Kong to obtain licenses for virtual asset trading services and related activities. This move marks the formal entry of traditional financial giants into the Hong Kong digital asset market, following the upgrade of virtual asset licenses by Chinese brokerages such as Guotai Junan International and Tianfeng International Securities.

"The New Battlefield of Stablecoins: The Layer 1 Battle between Stripe and Circle"

So why are Stripe and Circle both talking about L1? Because "payment chains" are becoming an independent track. A group of L1s (Stable and Plasma) centered around Tether is promoting a narrative: stablecoins need a native, payment-oriented layer - stablecoins for gas, predictable fees, sub-second settlement - rather than always being "guests" residing on general-purpose public chains.

"Defection and Independence: Re-examining the Application Chain Argument"

In 2022, Appchain may have been a relatively marginal technology option. As we move into 2025, with the launch of more Appchains, particularly Unichain and HyperEVM, the competitive landscape of the market is quietly changing, and trends surrounding Appchain are emerging. This article will start from this point to discuss our Appchain Thesis.

Ten news stories not to be missed this week

Citibank is considering providing custody and payment services for stablecoins and cryptocurrency ETFs.

The National Bank of Belarus drafts rules to support cryptocurrency payments.

Circle and its shareholders plan to sell 10 million shares of stock, with a total stock issuance amount of approximately 1.63 billion dollars.

BitMine plans to issue 20 billion USD in common stock to purchase more Ethereum.

Fosun International, a Hong Kong-listed company, plans to apply for a Hong Kong stablecoin license.

Harvard Management Company disclosed that it holds approximately $117 million in BlackRock Bitcoin ETF shares.

The Singapore Exchange may list cryptocurrency perpetual futures contracts before the end of the year.

Ledger CTO: The privacy public chain Monero is suspected of suffering a 51% attack.

pump.fun sold approximately 86,000 SOL after the token issuance.

The SEC has postponed the decision on Bitwise and 21Shares' Solana ETF application to October 16.