Bastion completed its Seed Round Fundraising on 2022-03-22.

Globalization of Stablecoin Regulation: US "GENIUS Act" Passed by the Senate The application scenarios of the crypto world, although they have not seen a qualitative leap in the past 5-10 years, have been continuously expanding in scale. Among them, DeFi is one of the biggest highlights. However, the cryptocurrency applications that have truly achieved large-scale adoption are still concentrated on Bitcoin and stablecoin applications. Bitcoin has gained global recognition with its astonishing price increase, becoming a representative of decentralized currency. However, from a practicality perspective, stablecoins are the cryptocurrencies that have truly been widely used globally. Currently, the global market value of stablecoins has reached 243.8 billion USD, with a trading volume of up to 33.4 trillion USD in the past 12 months, a total of 5.8 billion transactions, and the number of active unique addresses has also reached 250 million. Although the demand and logic for stablecoin applications are quite mature, its regulatory framework is still in the adjustment phase.

The Hong Kong version of the stablecoin is about to be issued, and applicants must meet multiple requirements, such as company registration qualifications, capital requirements, and risk control. Potential applications include cross-border payments and investment transactions. There are differences in the regulation of Virtual Money between Hong Kong and the mainland, which is expected to bring new opportunities and challenges.

Aleo: A New Breakthrough in Privacy-Protection Blockchain Aleo is a blockchain project dedicated to privacy protection, achieving a higher level of privacy and scalability through zero-knowledge proof technology (ZKP). The core concept of the project is to enable users to authenticate their identity and process data while protecting personal data. Project Overview Privacy The core of Aleo is zero-knowledge proofs ( ZKPs ) technology, enabling the execution of transactions and smart contracts while protecting privacy. Users' transaction details, such as sender and amount, are hidden by default. This design not only protects user privacy but also allows for selective disclosure when necessary, making it very suitable for the development of DeFi applications. The main components include: 1. Leo Compiled Language: Adapted from Rust, specifically designed for developing Zero-Knowledge Applications (ZKApps), reducing developers' reliance on cryptographic knowledge.

July Market Outlook: Trump Policies VS Market Unusually Calm, Summer Weakness or a Different Script? The market has entered a rare period of calm. Trading volume has dropped to a 9-month low, and volatility has reached a 21-month low, which seems to indicate that despite several important events in July, the market may continue the trend of slowing growth seen in the summer. Experience over the past four years shows that each July is accompanied by significant events, yet prices often remain relatively stable. Traders seem more inclined to "enjoy life" during this month rather than being busy with operations. Will this July break this pattern? Let's wait and see. July Outlook: Another Calm Summer? A series of important events are about to unfold. The actions of a certain political figure continue to influence the market, distorting risk sentiment and driving the price movements of Bitcoin. July will be overshadowed by three potential influencing factors: the "Big and Beautiful" budget proposal, the end of the tariff suspension period, and the

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