EIA Refiner Utilization Rate in the U.S. for the week ending July 18

New Logic of Web3 Entrepreneurship under the New Global Trade Order The macro environment is deteriorating - a crisis is forming a new order. Finance is starting to enter a chaotic era. After Trump re-entered the White House, a series of economic policies triggered turmoil in global markets. The most shocking was the escalation of tariff policies: starting from April 2025, the United States will impose a 10% "baseline tariff" on imported goods and impose higher "reciprocal tariffs" on China and 60 other countries. This led to a sell-off of U.S. bonds, severe fluctuations in U.S. stocks, and a sharp decline in the U.S. dollar index. Although new tariffs were later postponed for allies, investors remain full of concerns about the outlook, and the global financial system seems to have entered an "era of chaos." The post-World War II international economic system centered around the United States is facing the risk of collapse. The rise of emerging economies weakens the advantages of the United States, while U.S. debt and deficits erode the credibility of the dollar, leading to a decline in the dollar's share of global foreign exchange reserves. China's progress in the technology sector has triggered deep anxiety among the American elite. U.S. decision-makers are opening...

Significant changes in Vietnam's encryption regulation and tax system For a long time, Vietnam's legal positioning on encryption currency has been unclear, and tax policies have been in a gray area, leaving market participants facing many uncertainties. However, this situation saw a significant turning point on June 14, 2025. The National Assembly of Vietnam passed the "Digital Technology Industry Law", which for the first time incorporated encryption assets into the national legal framework and implemented classified supervision, officially granting it legal status, marking a milestone event in the country's encryption asset regulatory process. The new law divides digital assets into two categories: "virtual assets" and "encryption assets," and authorizes the government to develop implementation details while strengthening requirements for cybersecurity, anti-money laundering, and counter-terrorist financing. This law will take effect on January 1, 2026, aiming to improve the relevant legal system, align with international regulatory standards, and help Vietnam quickly exit the FATF gray list. This article will analyze the restructuring of Vietnam's digital economy landscape due to this legislative breakthrough.

#PI# is getting lower and lower. P pioneers, how is your mindset now?

Crypto market analysis shows that about one-fifth of the top escape indicators have reached the warning line. Although some indicators have not shown clear top signals, investors should respond cautiously. The article suggests maintaining clarity, reducing positions in batches, and converting profits into stablecoins, among other strategies, to cope with potential market pullbacks.

In 2024, the blockchain industry faced multiple security incidents, with total losses reaching $2.491 billion. These events included Private Key leaks, network attacks, and contract vulnerabilities, exposing many technical and managerial flaws. The industry needs to strengthen Private Key management and security mechanisms to address increasingly complex security challenges.