Recommended reading of the week: 10,000-word research report on high-performance L1 public chain Fogo, detailed explanation of the GENIUS Act; AI game startup Launcher Capital completed a $4 million seed round of financing, led by a16z CSX

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Web3Caff
a day ago
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Here's the English translation: When the "high-performance L1" narrative is continuously over-consumed, the market has gradually developed fatigue towards TPS digital games. At this stage where technological implementation and ecosystem effectiveness jointly determine success, Fogo, as a new force based on the Solana Virtual Machine (SVM), is trying to break through Solana's ecosystem barriers with a differentiated positioning. This article attempts to systematically analyze Fogo's opportunities and challenges through a triple framework of technical verification, ecosystem migration, and scenario adaptation. The short-term observation window will focus on the mainnet performance testing and decentralization balance in 2025, mid-term tracking of top Solana project migration progress and ecosystem activity, and long-term verification of its ability to achieve billion-level RWA asset on-chain and leverage institutional adoption. Written by @0xClareYang, this in-depth analysis explores Fogo's technological implementation, ecosystem compatibility, and institutional application potential.

From phishing toolkits and wallet theft tools to malware and fake customer support scams, most attacks in the crypto industry are directly targeted at users rather than protocols, which makes common attacks focus on human factors rather than code layers. This report provides an overview of cryptocurrency vulnerabilities targeting individual users and analyzes matters that users need to be vigilant about through actual cases, for a quick read.

Recently, the U.S. Securities and Exchange Commission issued a policy statement on PoS network staking activities, clearly stating that three types of staking activities do not constitute securities issuance, including self-staking, third-party non-custodial staking, and compliant custodial staking. The statement aims to provide regulatory clarity for staking participants and support compliant participation in network consensus mechanisms. This article discusses this for you, for a quick read.

The recent passage of the GENIUS Act has reignited market interest in RWA. Ethereum-based RWA has also shown surprising month-on-month growth, with a key driving factor being "Ethereumization" as a catalyst for regulatory development, and the Ethereum Foundation listing RWA as a strategic priority. This article explores the development dynamics of RWA on Ethereum and its L2 networks.

On May 22, Cetus, a liquidity provider on the Sui ecosystem, was attacked. Analyzing the hacker's attack path revealed that to achieve a perfect attack, the hacker must simultaneously meet four conditions: incorrect overflow check, significant bit shift operation, rounding up rule, and lack of economic rationality verification. This article delves into this for you, for a quick read.

On May 27, Circle disclosed the latest progress of its NYSE IPO application, planning to issue 24 million Class A shares, with 9.6 million shares issued by the company and 14.4 million shares sold by existing shareholders. Circle disclosed a target valuation of $6.71 billion, higher than the previous estimated range of $4-5 billion. This article explores this for you, for a quick read.

Cryptocurrency itself is not the "original sin"; the problem lies in whether the transaction involves cross-border, circumventing exchange, anonymity, or evading regulation. Once these behaviors are linked to illegal operations, money laundering, or foreign exchange control, they may cross the line. Whether you are an individual investor or a practitioner, you should be clear about the legal boundaries before participating in crypto asset transactions. This article explores this in depth, for a quick read.

10 Notable News Items This Week

  • California Legislature Unanimously Passes Bitcoin Payment Bill
  • Ethereum Foundation Releases Latest Treasury Policy
Source: ethereum
  • California Passes Bill to Seize "Idle" Cryptocurrencies
Source: Decrypt
  • South Korean President Lee Jae-myung Promises to Promote Crypto ETF and Won Stablecoin Development
Source: The Block

  • Trump's Social Platform Truth Social Submits Bitcoin ETF Application
Source: The Block
  • Tether Launches Omnichain Gold Stablecoin "XAUt0" on TON Blockchain
Source: FinanceFeeds
  • U.S. Senate May Vote on GENIUS Stablecoin Act as Early as June 9
  • Base Ecosystem's Avantis Announces Completion of $8 Million Series A Funding, Led by Founders Fund and Pantera Capital
Source: Avantis

  • AI Gaming Startup Launcher Capital Completes $4 Million Seed Round Funding, Led by a16z CSX
  • DA Layer Interoperability Protocol Sunrise Completes $3 Million Seed Round Funding, with Participation from Decima
Source: cypherhunter

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