GasWhisperer

Ethereum and Solana: Two Completely Different Development Paths
Ethereum is undergoing supply-side reform. After the dream of the infinite garden was shattered, the founder of Ethereum began to reassess the relationship with Layer 2 and Rollup projects, and more actively defend the Layer 1 track. The "speeding up and reducing costs" plan for the Ethereum mainnet has been put on the agenda, and the shift to Risc-V is just the beginning. In the future, how to catch up with or even surpass other public chains in terms of efficiency will become a key task for Ethereum.
At the same time, Solana continues to expand its consumption demand scenarios. Solana is unwavering in its approach to expanding and strengthening Layer.

From CMO to XerpaAI: The Revolutionary Evolution of Growth Strategies
In the business world, we have witnessed the transition from the traditional Chief Marketing Officer ( CMO ) to the Chief Growth Officer ( CGO ), reflecting a fundamental shift in corporate strategy. The role, once limited to brand promotion and marketing activities, has now expanded to encompass a comprehensive function that includes cross-departmental growth strategies.
Some pioneers have long advocated for this transformation. Carol Dweck emphasizes the importance of a "growth mindset" in her book "Mindset," which is a core quality needed for an effective CGO. Allen Dangelo lists seven key competencies of growth-oriented leaders in his works, advocating for the integration of marketing, product development, and financial strategies. McKinsey's research also shows that companies that value growth-oriented roles like the CGO have a significantly higher likelihood of achieving annual revenue growth of over 5% compared to those that rely solely on traditional CMOs.
The mission of CGO

The Solana ecosystem is developing rapidly, with multiple potential projects demonstrating strong user attraction and innovative capabilities. Projects such as Drift Protocol, Jupiter, Kamino, Jito, and TipLinks each have their own characteristics, driving progress in the Decentralized Finance space and laying the foundation for the future bull run.

A New Era of Stablecoin Regulation: Analyzing Hong Kong's Stablecoin Regulation
On May 29, 2025, Hong Kong officially issued the "Stablecoin Ordinance," which will take effect on August 1. This event has garnered widespread attention both within and outside the industry. This article will detail the core content of the ordinance and explore its potential impact on the industry.
1. Interpretation of the Regulatory Framework for Stablecoin Regulations in Hong Kong
1. Regulatory Objects
The regulations limit the subjects of supervision to "designated stablecoins," which are stablecoins pegged to fiat currency. These stablecoins are fully referenced to one or more official currencies, units of account designated by the monetary authority, or forms of economic value storage to maintain value stability.
2. Restricted Activity Scope
Regulated stablecoin activities include:
- Issue specified stablecoins in Hong Kong
- Issuing designated stablecoins anchored to the Hong Kong dollar overseas
- Other activities designated by the financial management officer
- Promote the above activities to the public
3

In 2024, the cryptocurrency industry experienced significant events such as the Bitcoin Halving and historical highs, as well as the approval of the Ethereum ETF. Although the market had been sluggish, the rise of Decentralization science and AI Agents brought new vitality, showcasing the potential of Blockchain. Overall, the industry is maturing amid challenges.

The U.S. government is considering incorporating Bitcoin into mortgage assessments, triggering market reactions and leading to a rise in Bitcoin prices. The FHFA director is promoting this policy, which could affect homebuyers and the development of the financial industry. The private market has launched related products, but there are still issues with liquidity and interest rates. This move signifies that crypto assets are transitioning into practical financial tools.

The rise of AI and Blockchain may drive the fifth technological revolution, but there is an urgent need to consider the corresponding production relations. AI has a significant impact in areas such as programming and design, and the decentralization characteristic of Blockchain can provide checks and balances for AI development. Historical experience reminds us that technological progress must be accompanied by the construction of reasonable institutions to address new opportunities and challenges.

Deep Dialogue Between Frax Finance and Aave Founders: The Stablecoin Industry is Entering a New Era
In today's rapidly developing world of cryptocurrencies and blockchain technology, Sam Kazemian, the founder of Frax Finance, and Stani Kulechov, the founder of Aave, are undoubtedly two important figures in the stablecoin sector. In a recent conversation, they shared their views on the rapid growth of the stablecoin industry, the innovative journeys of their respective projects, and their perspectives on the upcoming regulatory changes, especially on how stablecoins have become the focus of the industry following the volatility of the crypto market in 2022.
Today, their focus is on the GENIUS Act, a landmark piece of legislation that could elevate stablecoins to legal tender, fundamentally altering the global landscape of the dollar. This article will delve into Sam and Stani's insights on the stablecoin market and their views on the bill.

Nova is an efficient zk-SNARKs system developed by Microsoft that significantly improves the efficiency and flexibility of the proof process using relaxed rank-one constraint technology. It supports incremental computation and complex polynomial proofs, making it suitable for various scenarios, and promotes the development of zk-SNARKs, but it requires a deep understanding for effective use.

Hyperliquid: The Rise of a New Arena in Decentralized Finance
Hyperliquid is a high-speed on-chain perpetual contract exchange, operating on its self-developed Layer 1, providing centralized exchange-level performance while maintaining on-chain transparency. Its native token $HYPE is responsible for network governance, can reduce trading fees after staking, and captures value through buybacks in listing auctions.
The core liquidity of the protocol is the HLP Vault, a hybrid vault that combines market makers and liquidity providers, accounting for over 90% of the TVL. In March 2025, Hyperliquid encountered a severe black swan event: the $JELLYJELLY manipulation incident, which nearly triggered a chain liquidation of the entire vault. The incident exposed the centralization issues in validator governance: Hyper

The wave of artificial intelligence drives U.S. stocks higher, Open Source AI platform Sentient secures massive funding.
In the first half of 2024, the US stock market surged significantly driven by the artificial intelligence boom, with the S&P 500 index hitting new highs. AI technology has become the core of technological innovation, and the combination of Web3 and AI has also become a new focus in the industry, with the idea that "AI enhances productivity, Web3 changes production relationships" attracting widespread attention.
Against this background, the Open Source AI platform Sentient has completed a $85 million seed round financing, co-led by several well-known investment institutions. Sentient is dedicated to building Open Source AI models through community contributions, competing with mainstream AI companies. Its core team includes senior experts in the blockchain field, and plans to launch a testnet in the third quarter of this year.
Investors generally have a positive view of the technical strength and innovative concepts of the Sentient team. They believe that Se

Revisiting the scale law of the Crypto Assets ecosystem
The development of blockchain technology is advancing rapidly, yet its inherent laws always follow a certain invisible scale law. Recently, with the delays of some large model projects and the slowdown of hardware technology advancements, we can't help but ponder: is the Crypto Assets ecosystem also about to reach its development bottleneck?
The dilemma of full node data scale
Full nodes, as a core component of the blockchain network, have data scales that directly reflect the operational status of public chains. Currently, the full node data of a well-known public chain has reached an astonishing 400TB, far exceeding Ethereum's 13TB and Bitcoin's 643.2GB. This data magnitude not only poses significant obstacles for ordinary users to participate but also presents severe challenges to hardware technology.
The original intention of Bitcoin's design was to keep pace with hardware development, but as Moore's Law gradually becomes less effective, this balance has become increasingly difficult. The advancements in storage technology have also gradually...

PrismaX raised $11 million in financing to build an AI Bots data ecosystem.
A startup focused on intelligent Bots, PrismaX, recently announced that it has completed a $11 million financing round and made its debut at a demo day under a well-known venture capital firm's crypto startup accelerator. This round of financing was participated in by multiple investment institutions and angel investors.
PrismaX was co-founded by two experienced founders in the fields of Bots and decentralized technology. Their goal is to build and expand foundational models to provide the core driving force for groundbreaking advancements in the field of physical generative artificial intelligence.
Despite the continuous influx of venture capital, the physical artificial intelligence and Bots industry has been facing challenges in obtaining high-quality, affordable data. To address this, PrismaX is developing innovative fair use standards that allow the data driving the models to generate profits and ultimately benefit the data-producing community.
Pris

The article reveals the severe challenges faced by personal privacy protection in the digital age. Multiple cases show that criminals are illegally collecting personal data using modern technology, including facial recognition and recruitment platform information leaks. Privacy protection urgently needs to strengthen regulation to prevent information from being misused.

Oracle Machine track: Finding the second rise curve
The Oracle Machine is an important service mechanism in blockchain systems, used to bring off-chain data into smart contracts, and is one of the cornerstones of the blockchain world. Essentially, the core competitiveness of Oracle Machine projects is mainly reflected in the following four aspects: the comprehensiveness and credibility of data acquisition, obtaining exclusive data and capturing its value, the security and decentralization of the verification mechanism, and the transmission efficiency and network robustness.
It is expected that by 2030, the overall market size of the Oracle Machine track should be between 13.8 billion and 23.1 billion US dollars.
Chainlink is the absolute leader in the Oracle Machine sector, with rich data sources and extensive project collaborations; Pyth has advantages in transmission speed and the acquisition of financial data; Redstone is currently the only Oracle Machine that offers both Push and Pull pricing methods.
In the future, the Oracle Machine will no longer overly rely on DeFi projects.

The stablecoin market continues to thrive against the backdrop of a shrinking total market capitalization of Crypto Assets, reaching a market capitalization of $230.45 billion in 2023. Stablecoins, with their relatively stable characteristics, have become an emerging payment method, driving innovation and development in cross-border payments. The main types include fiat-backed, Crypto Assets-backed, and Algorithmic Stablecoin. The importance of stablecoins in payment Settlement is increasingly prominent, and their future development will be influenced by regulatory policies, potentially reshaping the traditional payment market.

After nearly a month since its launch, the on-chain TVL of the Sui ecosystem is about $19 million, mainly relying on the DEX Cetus. On-chain activity has decreased, and the attractiveness of liquidity and staking rewards is insufficient. It is recommended to drop the threshold for validating Nodes, enhance cross-chain infrastructure, and support stablecoins, among other measures, to promote ecosystem development.

G7 finance ministers support regulation of Digital Money, South Korea's Busan promotes the construction of a virtual asset financial center, and France strengthens KYC requirements for Crypto Assets. Singapore invests in Blockchain research, DBS Bank launches a digital trading platform, and MicroStrategy issues convertible notes to purchase Bitcoin. Fidelity and BlockFi launch Bitcoin collateralized loans, ING develops custody for Crypto Assets, and JPMorgan completes a Blockchain repurchase transaction. Ethereum stablecoin issuance hits a high, and Foxconn suffers a Ransomware attack.

The PumpFun project plans to raise $1 billion through an ICO. Despite its significant profitability, it faces skepticism due to issues like market manipulation and user losses. The scale of financing is enormous, but there is a lack of clarity on the use of funds. While challenges and opportunities coexist in its transformation, a clear strategy is needed to enhance user trust and promote ecological upgrades.