Web3 Industry Trends

The Bitcoin multi-staking project Babylon has announced its roadmap for 2025, planning to launch a testnet in Q3 and the mainnet in Q4. The project will be the first to integrate ETH Rollups and Cosmos sovereign chains, and will launch the genesis EVM testnet. A Bitcoin liquidity application is expected to be launched in Q1 2026.

A well-known trading platform announced that it will launch the MUSDT perpetual contract on July 7 at 17:30, offering a maximum leverage of 50 times. The Alpha market of the platform has already launched the M token.

According to analysis, South Korea is currently experiencing a stablecoin bubble. Multiple financial and technology giants have applied for stablecoin-related trademarks, and once a listed company applies for a related trademark, its stock price usually rises by 15%-30% on the same day. South Korean investors' interest in stablecoins has also extended to international markets, with $CRCL becoming the most purchased foreign stock by South Korean investors in June.

The Hong Kong "Stablecoin Regulation" will take effect in August. The Secretary for Financial Services and the Treasury of Hong Kong stated that the Monetary Authority is currently consulting the market on implementing the regulatory guidelines, which will be announced within this month. The first batch of stablecoin licenses is expected to be single digits, with the goal of being issued within this year. If stablecoins involve currencies from other jurisdictions, discussions will need to be held with the relevant institutions.

A large bank in Spain has launched Bitcoin and Ethereum trading and custody services for local retail customers, allowing users to operate directly through the bank's mobile application. This service complies with the EU's Markets in Crypto-Assets Regulation and marks the bank's provision of cryptocurrency services in a third country globally.

The Wuxi Municipal Party Committee's reform task advancement meeting requires exploring practical paths for stablecoins to empower foreign trade development, continuously expanding the growth space for digital trade, green trade, and service trade, and improving the development levels of cross-border e-commerce, intermediate goods trade, and offshore trade.

The founder of a well-known digital asset company revealed that the company achieved approximately $1 billion in profit in its first year, potentially becoming the first company to generate $1 billion in profit from the startup phase. This profit was mainly realized in the first 3 to 8 months after the company's launch.

Jack Dorsey announced the launch of a decentralized peer-to-peer chat application called bitchat. The app uses Bluetooth mesh networking technology, features an IRC style, and supports message encryption. Dorsey stated that he learned relevant technologies through the development of this project.