As the third giant in the cryptocurrency industry to go public on the Nasdaq, Circle will undoubtedly bring about a wave of concept hype.

Robinhood completes acquisition of cryptocurrency exchange Bitstamp for $200 million.

Web3 market changes are expected to begin to emerge on June 3.

This article will sort out the key events in June for you by week, interpreting the macro and geopolitical themes worthy of attention.

Native crypto is gradually moving towards the end of the law era, shifting from a decentralized narrative to a compliance, financialized, and attention-driven reality. The inclusion of stablecoins in regulation, the platformization of asset issuance, the liquidity game dominated by Memes, and the attention economy dominated by content and traffic are reshaping the industry landscape. The innovation space on the chain is compressed, and fundamentalist crypto beliefs are facing systemic challenges. The future of Web3 faces a choice of direction: whether to become a vassal of traditional finance and the Internet, or to restart the decentralized native order.

This article will systematically sort out the regulatory policy framework of virtual assets in Hong Kong for readers, hoping to help everyone establish a more comprehensive and clear understanding.

A quick look at 11 Aptos ecosystem Grantee projects.

BlackRock wants to buy 10% of Circle's IPO shares; Cork Protocol was attacked, losing about $12 million.

A core value of encryption is to protect against risk. This Administration will ensure encryption happens in the United States.

Tether is the most typical example of a truly natural network effect. This network effect will continue to strengthen and is not so easy to be replaced by a single channel.

The introduction of the GENIUS Act will profoundly reshape the entire stablecoin market landscape.

Allow some truly high-quality "crypto stocks" to enter the mainstream U.S. capital market first.

In the future, stablecoin projects with strong compliance are expected to gain greater market recognition.

BTC consolidated at a high level after a strong breakthrough of $110,000. Institutions led the rise, ETFs continued to attract funds, and trade tensions between the United States and Europe eased.

Circle denies rumors of sale to Coinbase or Ripple; Hong Kong SAR Legislative Council passes the Stablecoin Bill.

In May 2025, the U.S. Senate passed the GENIUS Act, marking a major shift in stablecoin regulation and U.S. dollar strategy. This article analyzes how the bill strengthens the dollar's anchoring position in the Crypto era through compliant stablecoins, and explores its new round of profound impact on the global financial system, DeFi mechanisms, and asset management.