Weekly Editors Picks (0628-0704) | Bee Network

Weekly Editors Picks (0628-0704) | Bee Network Login 热门新闻 备忘录启动板 人工智能代理 德西 TopChainExplorer 给 Newbee 100 倍金币 蜜蜂游戏 重要网站 必备应用程序 加密货币名人 德平 新手必备 陷阱探测器 基本工具 高级网站 交流 NFT 工具 你好、, 签出 Web3 宇宙 游戏 DApp 蜂巢 成长平台 生态 搜索 英语 充值金币 登录 下载 Web3 大学 游戏 DApp 蜂巢 生态 家•分析•正文 Weekly Editors Picks (0628-0704)分析8个月前更新怀亚特 28,497 12 每周编辑精选是Odaily星球日报的一个功能专栏，星球日报除了每周报道大量实时资讯外，还发布大量优质深度分析内容，但它们可能隐藏在信息流和热点新闻中，与你擦肩而过。

因此，每周六，我们的编辑部都会从过去7天发布的内容中，精选出一些值得花时间阅读和收藏的优质文章，在以后的学习中给你带来新的启发。 加密 从数据分析、行业研判、观点输出等角度洞察世界。

现在，就和我们一起来阅读吧：

投资创业 代币ization of U.S. stocks from the perspective of conspiracy theory, a mild global dollar harvest?

The on-chain synthetic asset mechanism was popular in the last era, but price anchoring ≠ asset ownership. The U.S. stocks minted and traded under the synthetic asset model do not represent actual ownership of the stock in reality. It is just a bet on the price. Once the oracle fails or the mortgaged assets collapse (Mirror collapsed due to the collapse of UST), the entire system will face the risk of liquidation imbalance, price de-anchoring, and collapse of user confidence.

At the same time, a long-term factor that is easily overlooked is that U.S. stock tokens under the synthetic asset model are destined to be a niche market in Crypto – funds only circulate within the closed loop on the chain, without the participation of institutions or securities firms, which means that it will always remain at the shadow asset level. It can neither be integrated into the traditional financial system and establish real asset access and funding channels, nor will anyone be willing to launch derivative products based on this, making it difficult to leverage the structural inflow of incremental funds.

This time, the tokenization of U.S. stocks has changed its gameplay. From a micro perspective, this means that global users can buy and sell U.S. stocks more freely, but from a macro perspective, this is actually the U.S. dollar and the U.S. capital market, using Crypto, a low-cost, highly flexible, 7 × 24 pipeline, to attract global incremental funds – after all, under this structure, users can only go long, not short, and there is no leverage and non-linear income structure (at least so far).

A series of new/old narratives around Crypto are being designed as a set of distributed financial infrastructure, and are specifically designed for US financial services: US debt stablecoins → world currency liquidity pool; US stock tokenization → Nasdaqs traffic entrance; on-chain trading infrastructure → global transit station for US brokerages. This may be a flexible way to siphon global funds.

This may be the real turning point for DeFi.

Instead of buying 100,000 比特币s, Wall Street chose to buy MSTR stocks at a 75% premium. Is Wall Street crazy?

Investors who buy MSTR stock are not only buying Bitcoin, but also buying the ability to continue to increase Bitcoin in the future.

This model relies on a self-reinforcing cycle: the stock price premium supports fundraising capabilities → fundraising is used to increase Bitcoin holdings → Bitcoin holdings strengthen the companys narrative → narrative value maintains the stock price premium. If the premium disappears, the cycle will be broken: financing costs rise, Bitcoin holdings slow down, and narrative value weakens.

Currently, Bitcoin Reserve still enjoys the advantages of capital market access and investor enthusiasm, but its future development will depend on financial discipline, transparency, and the ability to increase the amount of Bitcoin held per share (rather than simply piling up the total amount of Bitcoin). The option value that makes these stocks attractive in a bull market may quickly turn into a burden in a bear market.

Cryptocurrency becomes a new engine for listed companies’ stock prices, a complete analysis of the layout of 44 giants

The Hong Kong stock market’s alt season is coming. Can crypto concept stocks support the backbone of the bull market?

A closer look at the arrival of this crypto Hong Kong stock alt season shows that it has experienced three stages of emotional rises, namely, from the initial Circle concept stocks, to the later stable currency concept stocks, and finally brokerage crypto concept stocks. However, Hong Kong stock gold rush also faces problems such as the steep increase in the threshold for new listings, and the rigid restrictions on funds and trading volume.

VC Reflection: Betting on Founder-Investor Fit is not as good as betting on Product-市场 Fit

95% of VCs surveyed consider founders or founding teams to be the most important factor in their investment decisions, which makes sense from a risk management perspective. But this creates a systematic bias: favoring founders who are good at communicating with investors over founders who are good at communicating with customers. The so-called product-market fit is often just founder-investor fit with some revenue numbers attached , which only exists in the conference room.

True product-market fit is reflected in user behavior: people who use your product without prompting, who get frustrated when it breaks, who actively recommend your product, and who are willing to pay more and more for it over time.

The most successful founders know how to create true product-market fit while maintaining the ability to communicate that fit to investors in a way that they can understand and get excited about. This often means translating customer insights into investor language: showing how user behavior translates into revenue metrics, how product decisions create competitive advantage, and how market understanding drives strategic positioning.

The Battle between Tokens and Equity: On-chain Sovereignty vs Regulatory Constraints, How to Reconstruct the Crypto Economy?

The new regulatory environment provides entrepreneurs with an opportunity to re定义ne the proper relationship between tokens and equity: tokens should capture on-chain value, while equity corresponds to off-chain value. Entrepreneurs need to abandon the idea of tokenized governance as a shortcut to regulatory compliance. Instead, governance mechanisms should be enabled only when necessary and should be kept minimal and orderly. Entrepreneurs can also ensure that governance mechanisms operate effectively through customized legal structures and on-chain tools. In addition, token holders’ ownership of on-chain infrastructure needs to be maximized.

To address regulatory risks, tokens must be clearly distinguished from securities.

The single asset model (anchoring all value on the chain and attributing it to the token) has two core advantages: one is the incentive mechanism that aligns enterprises and token holders, and the other is that it allows entrepreneurs to focus on improving the competitiveness of the protocol. With minimalist design logic, leading projects such as Morpho have taken the lead in practicing this model.

Dialogue with Robinhood Co-founder: Why do we want to build our own chain?

Robinhood is moving away from its positioning as a single trading tool and toward an operating system layout centered on the users entire life cycle. From private equity tokenization, integration of CFTC-compliant prediction markets, the launch of Cortex and Strategies covering AI strategy advisors and option strategy construction, to the launch of cash express-style Robinhood Banking and a unified multi-chain wallet architecture, the pace of its financial expansion far exceeds the outside worlds traditional imagination of a FinTech company.

另外建议： 10 Questions for xStocks: What are we trading when trading US stock tokens? Dialogue with Tether CEO: Unveiling the Four Stability Vision and 14 Billion Investment Map .

policy Crypto wins again? An in-depth analysis of Trump’s “Big and Beautiful Bill”

On paper, the now-well-known provisions of the Big, American Act could weaken the power of federal courts, severely damage the health care system, increase the debt burden, intensify immigration enforcement, restrict foreign investment, increase air pollution, and increase the defense budget. Although the impact is wide-ranging, it has nothing to do with encryption.

This may not be the case. The passage of the Big, Big, Beautiful Act (OBBBA) is likely to have a profound impact on the cryptocurrency and financial industries. The tax cuts and fiscal stimulus measures in the bill create a more relaxed macroeconomic environment for crypto assets. The favorable capital gains tax policy encourages investors to hold digital assets for the long term, which not only injects long-term funds into the cryptocurrency market, but also further consolidates the United States position as the global cryptocurrency center.

Crypto Regulatory World Map: Policies and Evolution Trends in 20+ Jurisdictions Around the World

空投 Opportunities and Interaction Guide Airdrop Weekly Report | Fragmetric will hold TGE on July 1; Endless Clouds Foundation announced that the airdrop accounts for 17.5% of the total token supply (June 23-June 29)

This weeks featured interactive projects: vooi trading experience, Elympics and Surf earn points

以太坊和扩展 Trend Research: The storm is coming, and the market will promote ETH to achieve value discovery

Stablecoin is the most important underlying foundation for the integration of traditional finance into the chain. It makes currency programmable and decentralized, and is the basis for the circulation and settlement of all on-chain financial assets.

The rapid development of RWA this time is due to the fact that institutional compliance is constantly exploring new ways of integration and promoting the legislation of the Digital Asset Market Structure Act. When the legislation of the stablecoin and market structure bill is completed, a large number of assets will be quickly pushed onto the chain, and transactions, income, settlement and other links will be run on the native blockchain, with stablecoins as the basic currency unit and value carrier.

After a large number of assets are on-chain, DeFi will begin to play a role, integrating the newly on-chain assets with the increasingly mature DeFi protocols to achieve efficiency, automation, and compliance.

The process of accelerating ETH repricing is happening: surging demand, accelerated demand for native crypto income, strategic hoarding of ETH, and ETH as an institutional fund asset. The rise of ETH is not driven by the purchase or publicity of one or two institutions, but is the common choice of mainstream institutions when changing their layout, and the critical point of trend change is coming soon.

多元生态 SOL ETF 获得批准。谁在美国股市扮演 Solana 版微策略的角色？

The Solana spot staking ETF launched by REX-Osprey has been approved.

This year, a number of U.S.-listed companies have announced that they will incorporate Solana into their financial strategies, and even use SOL tokens as core reserves on their balance sheets, including: DeFi Development Corporation (trading code: DFDV), SOL Strategies Inc. (Canadian Stock 交流 code: HODL, U.S. OTC code: CYFRF), Classover Holdings, Inc. (NASDAQ code: KIDZ), and Upexi, Inc. (NASDAQ code: UPXI).

The ecological hotspots that rose following the good news mainly fell on the DEX and staking tracks, such as Raydium (RAY), Jupiter (JUP), and Jito (JITO).

CeFi DeFi Lazy Man’s Financial Management Guide | Spark Farm launches SPK incentives; Gauntlet launches USD Alpha strategy (July 1)

Web3 人工智能 AI Agent Weekly Report | Cookie Snaps launches new Elympics; the sector’s weekly gain is nearly 20% (June 23-June 29)

安全 十年来网络安全专家险些落入陷阱，最新网络钓鱼攻击正在蔓延

Watch out for red flags: coordinated false alerts to create confusion and urgency, mixing short codes with regular phone numbers, requests to operate through unofficial or unfamiliar domain names, unsolicited calls and follow-up communications, unsolicited warnings of urgency and consequences, requests to bypass official channels, unverified case numbers or support tickets, a mix of real and fake information, use of real company names in alternative suggestions, and overzealousness without verification.

Proactive protection measures and recommendations include: Enable transaction-level verification on the exchange, Always contact the service provider through legitimate, verified channels, Exchange customer service will never ask you to move, access or protect funds, Consider using a multi-signature wallet or cold storage solution, Bookmark official websites and avoid clicking on links from unsolicited messages, Use a password manager to identify suspicious websites and maintain strong passwords, Regularly review connected apps, API keys, and third-party integrations, Enable real-time account alerts where available, Report all suspicious activity to the service provider’s official support team.

另外建议： Beosin Important | Analysis of Web3 Blockchain Security Situation in the First Half of 2025 .

本周热点话题 过去一周， the U.S. House of Representatives voted to pass the Big and Beautiful bill ; Robinhood plans to launch a Layer 2 blockchain and provide stock token business in the European Union ( detailed explanation ); Viewpoint: If Robinhood succeeds, it will eliminate 90% of financial intermediaries ; OpenAI angrily denounced Robinhood for unauthorized tokenization of stocks ( interpretation ); Several technology billionaires, including PayPal co-founder and Silicon Valley venture capitalist Peter Thiel, are jointly launching a new bank called Erebor, aiming to fill the banking service gap for the cryptocurrency industry after the collapse of Silicon Valley Bank ( introduction ); Circle applied for a U.S. national bank license and plans to independently manage USDC reserves ( detailed explanation ); Ripple gave up its cross-appeal to the SEC and accepted a $125 million fine, and the long-term legal battle may be coming to an end; Nate Geraci: The end of Ripples dispute with the SEC has cleared the way for the spot XRP ETF ; Ripple applied for a U.S. banking license after Circle and plans to provide more encryption services; L1 public chain Stablecoin supported by USDT Official release ( interpretation ); Hong Kong Stock Exchange implements new stock settlement fee structure ;

此外， in terms of opinions and voices, Trump: If I had known that the US president was a high-risk job, I might not have run for election; Musk: 80% of people think that a new political party should be created ; Trump: Musk knew long before he strongly supported my presidential campaign that I strongly opposed the electric vehicle mandate ; Cathie Wood: Bitcoin holders may transfer BTC to Coinbase for mortgage loans to buy houses ; The Wall Street Journal: Bhutan is betting on Bitcoin mining ; TD Cowen: Maintain Strategys buy rating ; Analyst: Bitcoin bull market may end in October ; China Asset Management Hong Kong: It is predicted that legal currency will become stable currency in the future, and there are only a few universal stable currencies in the world ; JD.com: JD.com Coin Chain Technology has not yet started issuing stable currency ; Vitalik: Zero-knowledge proof of identity is still risky ; FTX creditor representative Sunil: Creditors in 49 jurisdictions, including China, may lose their right to claim ( interpretation );

In terms of institutions, large companies and leading projects, Trump Phone T 1 deleted the words Made in the USA and changed it to American Proud Design ; Cel AI, a British listed company , has raised 10 million pounds to purchase Bitcoin ; the Ethereum Community Foundation (ECF) was established; Leading Pharmaceutical Biotechnology plans to acquire all the shares of Conflux to expand the field of blockchain technology; Hong Kong-listed company Yisou Technology plans to explore RWA token products , stimulating a nearly 70% increase in its stock price; Jupiter launched its own Launchpad platform Jupiter Studio ; Fragmetric has opened airdrop applications;

According to the data, the Trump family has recently made a profit of $620 million from crypto projects; 27% of South Koreans aged 20-50 hold crypto assets, and 70% plan to continue to increase their investment; Bitcoin volatility has dropped to its lowest level since 2023 , and has only occurred 7 times in history; Analysis: Ethereum, ZKsync Era and Aptos rank among the top three RWA asset public chains; On June 27, Binance Alphas trading volume of $487 million has dropped 70% from its high point ;

In terms of security, Resupply incident review : hackers are at large, users are forced to fill the hole, and the security incident has evolved into a racial discrimination scandal; SlowMist founder: Resupply protocol chain calls out to hackers , hoping to communicate through Blockscan; SlowMist CISO: Security company Koi disclosed that more than 40 fake crypto wallet extensions appeared in the official Firefox browser plug-in store; Backpack suddenly malfunctioned ; ZachXBT: USDC has become the main payment tool for North Korean IT practitioners , and Circle has not frozen related activities… Well, its another week of ups and downs.

随附的 是通往 “每周编辑精选”系列。

下次再见~

This article is sourced from the internet: Weekly Editors Picks (0628-0704)

Related: Governance failure, airdrop chaos, value mismatch: What kind of tokens does the crypto industry need? Original article by | Stacy Muur ( @stacy_muur ) Compiled by | Odaily Planet Daily ( @OdailyChina ) Translator | Dingdang ( @XiaMiPP ) Editors note: @BinanceResearch published a research report on the evolution of token models in June 2025, which deeply reviewed the attempts and lessons of Web3 projects in token design, incentive mechanisms and market structure in the past few years. From the bubble in the 1CO era, the short-lived glory of liquidity mining, to the recent projects re-examination of issuance methods, governance methods and economic models. Stacy Muur sorted out this report and summarized ten key observations, revealing core issues such as governance failure, low airdrop efficiency, model fragmentation, and supply distortion. It also pointed out the markets gradual return to real demand and income support .…

#分析#空投# 比特币# 加密# 定义# 以太坊# 交易所# 导轨# 市场# 代币# 工具# web3© 版权声明文章版权归作者所有，未经允许请勿转载。 上一篇 Ray Dalio: The most important principle when thinking about large government debts and deficits 下一篇 Mint Ventures: Analysis of the current status and prospects of the tokenized US stock market 相关文章 Business involution, revenue pressure, CEX grabs the future on the chain 6086cf14eb90bc67ca4fc62b 26,365 $112 million breakthrough: Polymarket returns to the United States through QCX backdoor listing 6086cf14eb90bc67ca4fc62b 28,545 1 BitMart Weekly Market Report (October 20-26) 6086cf14eb90bc67ca4fc62b 15,688 BitMEX Alpha: Buy the coins, the premium on coin-to-equity is disappearingRecommended Articles 6086cf14eb90bc67ca4fc62b 24,422 2 Ethereum Foundation structural reform: a new strategic situation for ecological reconstruction and currency price recove 6086cf14eb90bc67ca4fc62b 25,699 3 了解 ETH 财务操作要点：不是持有，而是押注推荐文章 6086cf14eb90bc67ca4fc62b 23,244 3 无评论 您必须登录后才能发表评论！ 立即登录 没有评论... Bee.com 全球最大的 Web3 门户网站 合作伙伴 硬币卡 Binance CoinMarketCap CoinGecko Coinlive 装甲 下载蜜蜂网络APP，开始web3之旅 白皮书 角色 常见问题 © 2021-2026.保留所有权利。. 隐私政策 | 服务条款 下载蜜蜂网络 APP 并开始 web3 之旅 全球最大的 Web3 门户网站 合作伙伴 CoinCarp Binance CoinMarketCap CoinGecko Coinlive Armors 白皮书 角色 常见问题 © 2021-2026.保留所有权利。. 隐私政策 | 服务条款 搜索 搜索InSite链上社会新闻 热门推荐： 空投猎人 数据分析 加密货币名人 陷阱探测器 简体中文 English 繁體中文 日本語 Tiếng Việt العربية 한국어 Bahasa Indonesia हिन्दी اردو Русский 简体中文