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Web3 Weekly Report: New Hampshire Passes Bitcoin Reserve Bill, MEME Coin Heats Up, Cross-Chain 2.0 Era Arrives
Weekly Overview of Web3 Industry Dynamics
This week, the Web3 industry continues to remain active, with significant progress in multiple areas. On a macro level, New Hampshire has passed the first state-level Bitcoin reserve bill in the United States, setting a benchmark for the adoption of Bitcoin at the government level. On the market side, on-chain data shows strong capital inflows, but caution is still needed regarding volatility caused by external factors.
The MEME coin market continues to heat up, with emerging tokens like RFC, House, and TROLL quickly gaining popularity, reflecting the younger generation's dissatisfaction with traditional finance. In the AI sector, institutional investors are more focused on infrastructure development rather than simply chasing trends.
In terms of technological innovation, the Executive Director of Ethereum elaborated on three core strategies after the Pectra upgrade. The Bitcoin community is engaged in intense discussions regarding the OP_RETURN proposal, weighing the trade-off between network freedom and congestion issues. The launch of the cross-chain interoperability project Union is expected to usher in the 2.0 era in this field.
It is worth noting that several traditional financial institutions have begun to venture into the cryptocurrency space. Futu Securities supports BTC and ETH deposits, and NVIDIA is also considering incorporating Bitcoin into its balance sheet. These actions indicate that the mainstream financial community's acceptance of crypto assets is increasing.
In terms of regulation, Oregon has passed SB 167, which establishes legal standards for digital assets. Meanwhile, the People's Bank of China has announced interest rate cuts and reserve requirement ratio reductions, which may have an indirect impact on the global cryptocurrency market.
Overall, this week the Web3 industry has shown a trend of simultaneous technological innovation, market hotspots, and regulatory developments, with various aspects laying the foundation for the long-term development of the industry.