YieldHunter

This week, the price of Bitcoin rose by 4.28%, driven by dovish signals from the Fed and inflows into ETFs. Despite a decline in Trading Volume, market confidence has strengthened, and it is expected that next week's PCE data will affect Bitcoin's trend. The total inflow into the crypto market is $1.95 billion, indicating an increase in Liquidity.

DeFAI combines AI with Decentralized Finance, lowering the entry barrier for DeFi through simplified operations, automated strategies, and comprehensive data analysis, which is expected to attract more users to participate and drive the next wave of DeFi development.

Liquid staking is redefining asset management in PoS networks by issuing tokens (LST) that represent staked assets, allowing users to continue using their assets during the staking period. Sanctum offers several innovative solutions on Solana, including liquidity pools and validator LST, aimed at enhancing the flexibility and yield of staking. Despite facing competition and market challenges, its unique approach is expected to secure a place in the decentralized staking ecosystem.

Hot Trends in the AI Field
Recently, there have been some noteworthy new trends in the field of artificial intelligence:
OpenAI modifies core values, fully focuses on AGI
OpenAI has recently quietly adjusted its core values list. The new values place General Artificial Intelligence (AGI) at the forefront, highlighting the company's firm commitment to AGI. Specifically, OpenAI has reduced the original six values to five, with "Focusing on AGI" listed as the top priority. The company states it will be dedicated to building safe and beneficial AGI to have a significant positive impact on the future of humanity. The other four new values include: passionate dedication, scalability, creating products that users love, and team spirit.
Domestic mobile phone manufacturers are accelerating the layout of AI large models.
A well-known mobile phone brand announced that it will launch its self-developed AI large model matrix on November 1, covering 5 models with parameter scales of billions, tens of billions, and hundreds of billions.

EigenLayer is a restaking protocol on Ethereum that allows ETH holders to earn additional rewards through restaking. As of June 2024, 5.309 million ETH have participated. The protocol provides active validation service (AVS), supports various AVS projects and new Restaked Rollups, bringing security and innovation to the Web3 ecosystem while simplifying the complexity of building new protocols.

Analysis of the Evolutionary Trends of Crypto Projects
In order to study the development direction of current Crypto projects, we selected 43 active projects that have not yet undergone token generation events (TGE) as research samples. By analyzing these projects, we discovered some interesting data and the main development trends of current Crypto projects. Here are the 8 main trends we summarized:

Cloud gaming faces latency issues brought by centralized cloud services. To tackle this challenge, the DePIN project reduces latency through Edge Computing and P2P networks, achieving a low-cost and high-quality gaming experience by utilizing idle device resources to meet the rising demand for gaming. This decentralized model will fundamentally change the issuance and experience of the gaming industry.

Analysis of Multi-Chain Account Abstraction Technology: The Future Development Direction of Encryption Infrastructure
From July 8 to 11, 2024, the Ethereum community's annual event EthCC will be held in Brussels, Belgium. As the largest Ethereum technology and community exchange event in Europe, this year's EthCC has invited over 350 top experts in the blockchain industry to give speeches. Among them, a blockchain developer provided an in-depth discussion on the topic of "multi-chain account abstraction."
The main points of the speech are summarized as follows:
- The core of account abstraction (AA) lies in signature abstraction and payment abstraction. The former allows users to flexibly choose verification mechanisms, while the latter offers various transaction payment options, resulting in a safer and more convenient user experience.
- There are differences in the design of the entry functions for the verification and execution phases between ERC-4337 and native account abstraction (AA). Each implementation has different limitations on verifying transactions and executing steps.
- in EV

Recently, several hotspots have emerged in the AI field. Baidu will launch an AI-native map to enhance user travel experience; QQ Browser is testing a PDF reading assistant with intelligent summarization and Q&A functions; the Zhiyuan Research Institute has upgraded the Aquila large language model; Australia allows schools to use generative AI. On the corporate side, Ernst & Young and IBM have launched an AI human resources solution to promote the application and innovation of AI technology in various fields.

With the introduction of stablecoin regulations in the United States and Hong Kong, the global digital asset market enters a new phase driven by regulation. These regulations address the compliance of stablecoins and drop systemic risks. The U.S. GENIUS Act and Hong Kong's stablecoin regulations mark the systematization of digital asset regulation, which will drive the rapid rise of stablecoins in the next decade and reshape the public chain ecosystem and the international financial landscape.

Decentralized Physical Infrastructure Network (DePIN) combines Crypto Assets and the internet of things, aiming to build distributed physical infrastructure. Through incentive mechanisms, participants can operate hardware or invest in Tokens and NFTs. Additionally, IO.NET, as a decentralized GPU network, offers efficient Computing Power acquisition and simplifies management. Its NFT model drops the entry barrier for user participation, promotes the development of the DePIN ecosystem, and facilitates the expansion of Crypto Assets applications.

Gameta is an emerging Web3 gaming platform that offers low-threshold hyper-casual games, allowing users to earn dual rewards through gameplay. The platform not only has a rich game list and NFT system but also plans to expand to the BNB Chain, committed to building a comprehensive Web3 ecosystem and promoting the adoption of Web3.

If the "GENIUS Act" bill is passed, it will enhance the transparency of stablecoins, establish blockchain standards, simplify the deposit of crypto assets, while reinforcing the status of the US dollar and promoting the development of the crypto industry. This marks a win-win situation in the financial system and has far-reaching implications.

Sahara AI is an innovative platform dedicated to creating an open, fair, and collaborative AI ecosystem, utilizing Blockchain technology to ensure participants receive fair compensation and data security. The platform covers the entire AI development lifecycle, providing equal opportunities for different user roles. Its technological innovations and team background lay the foundation for building an open AI economy.

Ondo Finance connects TradFi and the crypto world through tokenization products, centered around U.S. Treasury bonds, creating new investment vehicles. Its USDY and OUSG products have quickly captured the market, driving a liquidity revolution, with the tokenization market expected to exceed $16 trillion by the 2030s.

The NFT market has gone through a process from a boom to a slump, with many projects failing due to a lack of content and sustainability. In contrast, PoP MART has succeeded with its multi-IP strategy, while the new leadership of Pudgy Penguins has reshaped the brand through pragmatic operations. In the future, NFT projects need to shift towards tangible value and diversified development, while the issuance of tokens should focus on long-term stable rise.

The rapid development of stablecoins presents opportunities and challenges for the global financial system, especially after the improvement of regulatory frameworks, which has accelerated their integration with TradFi. Stablecoins enhance the efficiency of cross-border payments, impact bank deposits and monetary policy, and may reshape the international monetary order, but there are also uncertainties and potential shock risks.

The article discusses the development bottlenecks of Decentralized Finance in the crypto assets ecosystem, including the data scale limits of public chains and the scale limits of token economic systems. As the development of blockchain technology slows down, the differentiation between public chains and the failure of credit systems pose significant challenges to ecosystem development. The overall yield decline and the slowdown of industry development have indicated that this ecosystem may be reaching the upper limits of the scale law.