Web3 Industry Weekly Report: Ethereum's 10th Anniversary, South Korean Market Recovery, and Prospects for the Crypto Bull Run

Macroscopic Perspective

encryption market bull run signal appears

Recently, the cryptocurrency market has shown multiple bull run signals. Some analysts point out that when new investors start flaunting expensive watches, it may indicate that the investment risks for Bitcoin are rising. From the price trends, the market seems to be entering altcoin season.

Data shows that Ethereum has performed strongly recently, presenting a "comeback of the king" momentum. Multiple indicators reflect that market confidence in Ethereum is continuously increasing, and institutional funds may become a driving force.

Regulatory Framework and Economic Impact

The regulatory environment in the United States is gradually becoming clearer. With the GENIUS Act becoming law, expectations for the CLARITY Act have also increased within the industry. These acts aim to create a clearer regulatory framework for encryption currency.

The South Korean government is actively exploring the potential of encryption assets in reshaping the national economy. For many young people in South Korea, cryptocurrency represents a financial hope.

market prediction and cycle analysis

Industry insiders predict that a specific political and economic environment may ignite a new round of encryption bull run, with Bitcoin potentially reaching $250,000 by the end of the year.

Analysis shows that the current bull run cycle may last until the RWA narrative triggers market FOMO. The South Korean virtual asset market began to recover in late July, with daily trading volume exceeding 10 billion dollars.

Emerging Trends and Opportunities

ZK technology and DataFi development

The Ethereum ZK track is rising again, with projects like Succinct showing potential. The DataFi field is opening up a new blue ocean, with multiple projects attracting attention.

Emerging Public Chains and Investment Opportunities

The diversified development of the Hedera ecosystem promotes HBAR to gain market favor. Analysts suggest focusing on four major altcoin targets to seize bull run Beta opportunities.

Authentication Innovation

Solo is developing a zkHE-based authentication protocol aimed at building a trusted anonymous identity layer for Web3, which is expected to address the balance between privacy protection, identity uniqueness, and decentralized verifiability.

Web3 Dynamics

The institutionalization process of Ethereum is accelerating.

Multiple publicly listed companies have significantly increased their holdings of ETH as strategic reserve assets. The entry of new players such as Ether Machine has accelerated the arrival of the "institutional era" for Ethereum.

signs of recovery in the NFT market

Moonbirds has rebounded strongly after changing hands, possibly replicating the successful path of the Fat Penguins. The overall NFT market shows signs of recovery, with multiple projects experiencing price increases.

Emerging Projects and Controversies

The price of Conflux tokens has surged significantly, possibly participating in the offshore RMB stablecoin pilot. The Hainan Huatie NFT and RWA projects have sparked dual controversies, highlighting regulatory challenges in the industry.

Important News

1. Hong Kong customs cracked a money laundering case involving 1.15 billion yuan in stablecoins.
2. PayPal announced the launch of its global platform PayPal World, connecting payment systems and digital wallets.
3. Ethereum launched The Torch NFT to commemorate its tenth anniversary.
4. The FBI of the United States has ended its investigation into the founder of a certain trading platform and returned all seized equipment.
5. A certain prediction market platform will invest $112 million to acquire the compliant exchange QCX.

The overall crypto market is showing a positive trend, with increased institutional participation and a continuous emergence of new technologies and applications, but regulatory challenges still exist. As global attention increases, the industry's development prospects are worth looking forward to.