[Coin World] According to data from the data platform, the Crypto Assets zone index ssiLayer1 has pumped 4.08% in the past 24 hours. Key component coin performances: ETH rose 4.84%, ADA rose 3.99%, AVAX rose 3.99%.

Exploration of On-Chain Deterministic Assets: Analysis of Three Types of Encryption Yield Assets
In today's world of uncertainty, "certainty" has become a scarce asset. Investors are not only seeking returns but are also looking for assets that can navigate volatility and have structural support. The "encryption yield-bearing assets" in the on-chain financial system may represent a new form of this type of certainty.
These commitments to fixed or floating income encryption assets have attracted investors' attention again, becoming their reliance on seeking robust returns in turbulent market conditions. However, in the encryption world, "interest" reflects not only the time value of capital but also the result of the interaction between protocol design and market expectations. High yields may stem from real asset income or may conceal complex incentive mechanisms. To find true "certainty" in the encryption market, investors need to gain a deep understanding of the underlying mechanisms.
Since the Federal Reserve began raising interest rates in 2022, the concept of "on-chain interest rates" has gradually become popular.

Trump will remove IRS Commissioner Billy Long from office, with Secretary of the Treasury Scott Bessent serving as acting commissioner. Long may be nominated as an ambassador, and he has advocated for the abolition of the IRS, having suspended two senior officials during his tenure. The Trump administration is pushing to reduce the IRS workforce and requires its assistance in deporting immigrants and reviewing the tax-exempt status of universities.

DeFiLlama Feature Exploration: A Tool for DeFi Data Analysis
DeFiLlama is a powerful DeFi data analysis tool that provides rich features to explore the decentralized finance ecosystem. This article will comprehensively introduce the main features of DeFiLlama, helping you better utilize this tool for DeFi data analysis.
Decentralized Finance Overview
The DeFi overview page of DeFiLlama provides a macro perspective of the entire DeFi ecosystem:
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Potential Risks in the Crypto Assets World: The Rampant Rug Pull eyewash
During the bull market in the crypto assets market, investors often hear legendary stories of getting rich overnight. However, accompanying these are numerous tragedies of losing everything due to project teams absconding with funds. Recently, the price of the Aura (AURA) token soared by 800% in just a few hours, triggering warnings from industry experts. This crime pattern, known as "Rug Pull," is spreading on an industrial scale in the crypto assets field.
The astonishing scale of Rug Pull
According to statistics from a data platform, there have been over 300,000 tokens that have experienced varying degrees of Rug Pull events across the four major public chains. This means that on average, hundreds of "trap coins" are released onto the network every day. On the Ethereum network, there are over 260,000 independent addresses dedicated to creating and promoting fraudulent tokens.

Saylor: Bitcoin collateral bonds yield 10% annually, a $90 trillion retirement market is poised to take off
The corporate layout of Bitcoin reserves is continuing to heat up. Recently, several companies have accelerated the promotion of Bitcoin reserve strategies, typical cases include:
A Nasdaq-listed company: announced a equity credit agreement with an investment fund, planning to raise up to $100 million through the issuance of common stock, with all net proceeds to be used for purchasing Bitcoin.
A certain group: raised approximately 54 million USD additionally, and the funds will be used to seek investment opportunities under its Bitcoin reserve strategy framework.
In addition to the above cases, many traditional enterprises are also actively raising funds to build Bitcoin strategic reserves. Meanwhile, the potential "battleground" of the pension market is also starting to show signs.
On July 18, media reports stated that the U.S. government is considering opening channels for cryptocurrency, gold, and private equity investments to the U.S. retirement market, which manages $9 trillion in assets.

The dual-token model is more capable of resolving the economic contradictions in Crypto Assets compared to the single-token model, avoiding users reducing their rights due to paying Gas fees. The dual-token model separates governance from transactions, promotes network usage, supports ecological development, and addresses users' economic and emotional conflicts, representing the innovative direction of the future.

The arrival of a new era of Digital Money: the transformation of stablecoins and the global financial landscape.
Recently, an important bill has been passed in the United States, which will open new avenues for the development of stablecoin. This bill is not just a technical adjustment to financial regulations, but it is also a charter for the "New East India Company" of the 21st century, marking the beginning of a transformation that will reshape the global power structure.
The Reenactment of History: The East India Company in the Digital Age
Looking back at history, the Dutch and British East India Companies of the 17th and 18th centuries were granted national authorization and special powers. Today, through this legislation, the United States is granting legitimacy to the powerhouses of the new era—stablecoin issuers. These recognized companies, such as Circle, the issuer of USDC, along with potential future internet giants, will become "chartered companies" formally incorporated into the financial strategy landscape of the United States. They will control the global trade of the new era.