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The main challenge facing the Ethereum ecosystem is how to integrate decentralization and collaboration to build a unified ecosystem. By defining specific metrics for "Ethereum Coordination," including open source, open standards, and contributions to the community, interoperability and consistency among different projects can be promoted. At the same time, it is important to emphasize maintaining flexibility and fairness in community participation and project support, thereby achieving sustainable development of the ecosystem.

Guest: Tom Lee, Co-Founder and Head of Research at Fundstrat Global Advisors
Host: Amit Kukreja
Podcast Source:
Organized and compiled by: ChainCatcher
ChainCatcher Editor's Summary
Tom Lee is the co-founder and research head of Fundstrat Global Advisors and one of the earliest on Wall Street to systematically research Bitcoin and emerging asset allocation. He served as chief strategist at JPMorgan for 16 years, known for his data-driven and contrarian predictions. While most institutions were bearish, he anticipated the bull market rebound, was optimistic about Ethereum's underlying value, and successfully captured multiple cycle turning points. His judgments serve not only as a reference for institutions but have also become an important basis for countless retail investors to make counter-trend allocations.
This podcast revolves around the

Original Title: "How stablecoins become money: Liquidity, sovereignty, and credit"
Author: Sam Broner
Compiled by: Deep Tide TechFlow
Traditional finance is gradually incorporating stablecoins into its system, and the trading volume of stablecoins is continuously increasing. Stablecoins have become the best tool for building global fintech due to their fast, almost zero-cost, and easily programmable characteristics. The transition from traditional technology to new technology means we will adopt fundamentally different business models—but this transformation will also bring new risks. After all, a self-custody model based on digital assets is a disruptive change to the banking system that has relied on registered deposits for centuries.
So, in this transformation process, entrepreneurs, regulators, and traditional finance

Recently, the tokenization of US stocks has become a market hotspot, with companies like Robinhood starting to offer compliant stock tokenization services. This marks a significant advancement in on-chain finance, which could facilitate the migration of traditional assets to on-chain and bring about higher quality investment options. However, stock tokenization may also compress the development space of native encryption projects, affecting capital flows and investment preferences, revealing the importance of whether Web3 can support mainstream assets.

Written by: Daii
There are two things that prompted me to discuss this topic today. It's like a fishbone stuck in my throat; I can't be at ease until I express it.
One is a Chinese doctoral student delivering takeout.
Another reason is that young people in South Korea are flocking to cryptocurrency exchanges out of despair.
These two scenes seem to have no relation, yet they act like two mirrors reflecting the same group—the youth—caught in the dilemma of being torn between two extremes.
Let's first talk about the young people delivering food in China.
Delivering takeout is not embarrassing, but when someone with a high degree such as a PhD has to rely on being a delivery rider to make a living, it becomes an irony of the times. Ding Yuanzhao, widely reported by the media, is a microcosm of this group. He is a PhD, well-educated, yet due to real-life difficulties, he ultimately chose to put on the rider vest and join the "highly educated delivery army" that rushes through the city.
He is not an exception.
China now has more than 7.45 million Meituan delivery riders, among whom hundreds of thousands hold an associate degree or higher, and even more

On June 15, the China Wealth Management 50 Forum (CWM50) held a symposium on "Rapid Development of Stablecoins: Potential and Challenges", and Xiao Feng, vice chairman of Wanxiang Holdings, attended and made a special speech.
Xiao Feng stated that stablecoins represent a new stage in the evolution of currency, which can be referred to as "tokenized currency." Based on distributed ledger technology, it enables peer-to-peer transactions without the need for intermediaries to align information. Since the emergence of distributed ledger technology, there has been a significant change in financial market infrastructure. The advent of stablecoins also signifies the emergence of the digital twin trend, which involves bringing real-world assets onto the blockchain for tokenization. Asset tokenization has implications for enhancing the global liquidity of assets, introducing new clearing and settlement models, programmability, and addressing the future AGI era.
From the perspective of the functions of currency, stablecoins have functions such as payment and settlement, serving as a highly transferable currency across time and space. They address the "last mile" problem of inclusive finance, particularly for cross-border transactions.

Author: Rob Hadick, Partner at Dragonfly
Compiled by: AididiaoJP, Foresight News

Stablecoins are not meant to improve the existing payment networks, but rather to completely disrupt traditional payment networks. Stablecoins allow businesses to completely bypass traditional payment channels; in other words, these traditional payment channels may very well be completely replaced one day in the future.
When payment networks are based on stablecoins, all transactions are merely changes in numbers on the ledger. Many emerging companies have begun to drive the reconstruction of capital flow.
Recently, many people have been discussing how stablecoins can become a Banking-as-a-Service (BaaS) network platform, connecting existing payment channels from issuing banks to merchant acceptance, and everything in between. While I agree with these views, when I think about how enterprises and protocols will create and accumulate in the future under the new paradigm.

Author: Coinbase
Compilation: Vernacular Blockchain
Monthly Outlook for the Second Half of 2025 - Three Major Themes on June 12, 2024
● The outlook for the crypto market in the second half of 2025 is positive, driven by better-than-expected economic growth, corporate adoption of crypto assets, and regulatory clarity.
● Companies purchasing crypto assets through leveraged financing may pose systemic risks, such as forced or voluntary selling pressure, but we believe this issue is not significant in the short term.
● The changes in the regulatory environment in the United States are favorable for the cryptocurrency market, progress has been made in stablecoin legislation, and a bill on the structure of the cryptocurrency market is also under discussion.
Our optimistic outlook for the cryptocurrency market in the second half of 2025 is driven by several key factors: a more optimistic expectation for U.S. economic growth, potential Federal Reserve rate cuts, increased adoption of crypto assets by corporate cash reserves, and advancements in regulatory clarity in the U.S. Despite some potential risks, such as...

Original Title: Arthur Hayes' Keynote Speech "It's F\\king Maths" at Bitcoin 2025
Compiled by: Golden Finance
The task of the U.S. Secretary of the Treasury
The new U.S. Treasury Secretary is Bessent, who previously worked with George Soros and helped break several different sovereign currency peg mechanisms. He clearly understands what needs to happen economically for the U.S. to succeed in the face of all these issues.
This is a photo of Bessent giving a sales presentation. I believe some of you have seen the movie 'Glengarry Glen Ross' and that iconic scene when... I forgot the actor's name, he stands there telling the salespeople.

Outside the Trump National Golf Club in Stirling, Virginia, May 22, 2025, protesters hold signs that read "Crypto Corruption" while 220 "whales" holding multimillion-dollar Trump tokens (TRUMP) are waiting to have dinner with the former president. At the same time, the price of TRUMP tokens staged an absurd roller coaster: at 17 pm Beijing time on the 22nd, the price violently rose from $14 to $16, but fell back to $14 at 4 am on the 23rd, before the dinner began. Behind this farce, the ultimate game of "market signals" and "real events" is unfolding – is the facts changing the market, or is the market making up facts?
1. Trump Dinner: A Perfect Experiment of "Expectation Overdraft"
1. "FOMO Extravaganza" on the eve of the dinner
According to on-chain data, within 48 hours after the dinner news was announced, TRUMP Token

Ethereum faces supply-side reforms, while Solana insists on scaling up. The Alpenglow consensus protocol attempts to drop the number of node consensus to improve efficiency. Compared to Turbine, Alpenglow places more emphasis on simplifying the block consensus generation process. The Solana mainnet needs to continue expanding, and the Alpenglow mechanism may be applicable to other PoS chains. In exploring the technological frontier, the blockchain industry requires more innovation, and perhaps Alpenglow offers insights for future development.