Weekly Recommended Reading: 25-Year Q4 Research Report on the BNB Chain Ecosystem; What Will the Fusaka Upgrade Bring to Ethereum; RWA Platform Real Finance Raises $29 Million in Private Funding.

This issue's cover: Photo by Debby Hudson on Unsplash

This research report, authored by Rosa, a researcher at Web3Caff Research, breaks down how BNB Chain can build its next-stage infrastructure through multi-chaining, execution layer technology, and ecosystem growth. Key takeaways include:
① A multi-chain architecture has taken shape, with BSC, opBNB, and Greenfield working together to drive performance and cost optimization;
② The execution layer continues to evolve, from parallelization and state management to DA upgrades to enhance overall availability;
③ The ecosystem is entering an expansion phase, with AI, RWA, blockchain games and other scenarios continuing to grow in scale;
④ In a competitive environment with multiple VMs and cross-chain technology, BNB Chain maintains its long-term potential through its performance and ecosystem matrix.

Includes a key structure diagram and an overview of the multi-chain collaboration framework, showcasing the technological trajectory and ecosystem path of BNB Chain.

The introduction of the crypto innovation exemption policy signifies a fundamental shift in the US's regulatory attitude towards the crypto industry. From a largely lukewarm and ambiguous stance in recent years, the US has moved towards active guidance and explicit support, striving to build a clear new regulatory framework. This policy provides the crypto industry with a clear and positive compliance pathway within the US. This article from Bibi News will discuss this in detail.

The name Fusaka comes from a combination of the execution layer upgrade Osaka and the consensus layer version Fula Star. This upgrade includes 12 EIPs, covering data availability, gas/block capacity, security optimization, signature compatibility, transaction fee structure, etc. It is a systemic upgrade that achieves L1 scaling, reduces L2 costs, reduces node costs, and improves user experience. lOBC Capital will explore this in this article.

"As long as the code is sufficiently decentralized, there is no legal entity, and regulators have nowhere to operate." This was once the sanctuary many on-chain lending entrepreneurs believed in. However, with the penalties imposed on the Ooki DAO case in the United States, this cloak of "decentralization" is being pierced by regulatory agencies. Under the stricter logic of "penetrating regulation," how far can on-chain lending really go? This article discusses this for you.

EIP-7892, or Blob Parameter Only, was developed to extend this flexibility to the data domain. It makes the key parameters of a blob configuration-driven, and implements this through a lightweight hard fork of Blobs that allows for "parameter-only changes, not code modifications." From a client-side development perspective, it's almost like performing a hot parameter update, which this article will discuss.

On December 4th, Caroline D. Pham, Acting Chair of the U.S. Commodity Futures Trading Commission (CFTC), announced that listed cryptocurrency spot products would begin trading for the first time on a CFTC-registered futures exchange under federal regulation in the United States. This move is one of the first steps in the "Cryptocurrency Sprint" initiative launched to implement the government's pro-cryptocurrency policy goals, and this article will discuss it.

Currently, the main overhead of L2 is the cost of data distribution (DA) for publishing data to L1. Fusaka has reduced L2 costs by more than half through 8x scaling using Blob and random sampling verification via PeerDAS. Simply reducing costs is meaningless, but if we abandon the mindset of general-purpose L2 and look at it from the perspective of specific application chains, the significance is entirely different. This article will discuss this further.

Currently, dollar stablecoins (primarily Tether's USDT and USDC) hold approximately $125 billion in U.S. Treasury securities, approaching 2% of the short-term Treasury stock at the end of last year (August research by the Federal Reserve Bank of Kansas City). According to data from the Bank for International Settlements, these issuers purchased approximately $40 billion in short-term Treasury securities last year alone, as discussed in this article.

Although game currency and cryptocurrency are not in the same category, in the current judicial system where there is a lack of clear legislative guidance and established standards for judging crimes related to Web3, virtual assets, and cryptocurrencies, law enforcement officers often use virtual property cases in the gaming industry as an analogy to infer the legal attributes of criminal cases in the Web3 field. This article will discuss this further.

To understand OIF, one must first understand the fundamental shift occurring in Web3 interaction logic: from "instructions" to "intents." OIF aims to establish a standardized "intent framework" for the entire Ethereum ecosystem, providing a common protocol stack for wallets, bridges, rollups, and market makers/solvers. This article will discuss this topic; read it quickly.

10 key news stories to watch this week

• Tether launches AI-powered health platform QVAC Health

• Tempo, a stablecoin public blockchain, has launched its public beta test.

• Superstate launches on-chain direct issuance solution

• Espresso launches cross-chain solution Presto

• Gensyn launches Delphi, an open marketplace for machine intelligence.

• The U.S. Securities and Exchange Commission (SEC) has concluded its two-year investigation into Ondo, without bringing any charges against it.

• USPD Releases V1 Attack Recovery Plan and V2 Reconstruction Roadmap

• Virtuals Protocol partners with OpenMind

• OKX has migrated the X Layer to the OP Stack.

• Robotics project Generative Bionics raises $80 million, with participation from Tether and others.

• RWA platform Real Finance raises $29 million in private funding .

• Singapore-licensed stablecoin cross-border payment and asset management service provider MetaComp completes $22 million Pre-A round financing .

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