星球日报

Original author: Fairy, ChainCatcher
Original text edited by: TB, ChainCatcher
SharpLink Gaming, hailed by the market as the "Ethereum version of MicroStrategy," was originally riding the wave of the ETH treasury narrative, but a SEC filing caused its stock price to plummet nearly 70% in after-hours trading.
The fervor has turned into doubt, and faith has plummeted into panic. This article will dissect this sudden "crisis of trust" and discuss the underlying picture hidden behind it.
Market Misinterpretation Behind the Plunge
At the end of May, SharpLink Gaming completed a $425 million private placement financing (PIPE) for public companies, with investors including ConsenSys, Galaxy, and Pantera.

The MyStonks platform has completed a major upgrade, launching on-chain tokens covering 95 U.S. stocks. Users can trade with stablecoins, gaining real stock custody protection. The platform promotes the professionalization of on-chain finance, enabling global investors to participate in U.S. stock investment with a low entry barrier, ushering in the "Wall Street" era.

1. Introduction to Kaito
Kaito is a Web3 information platform dedicated to solving the problem of information fragmentation in the crypto world. It collects and organizes real-time data from various sources such as social media, research forums, podcasts, etc. through the AI-driven Kaito Pro search engine and Kaito Connect InfoFi network. The platform utilizes large language models (LLM) and semantic understanding technology to convert unstructured information into instant insights, including sentiment analysis, keyword tracking, narrative context mining, and other functions. In addition, Kaito Yaps allows users to

After Israel launched a preemptive strike against Iran, it triggered a state of emergency, causing Bitcoin and Ethereum prices to plummet significantly. Historically, geopolitical conflicts have caused emotional fluctuations in the Crypto Assets market, but as the market adapts, the demand for safe-haven assets may support a Bitcoin Rebound. At the same time, wars demonstrate the characteristic of encryption assets as borderless financial tools. Future impacts of conflicts need to focus on whether they reach systemic risks.

Original author: Biteye core contributor @viee 7227
If the theme of the first half of the stablecoin race is "barbaric growth," then the rules of the game in the second half may be rewritten by three key variables: regulatory certainty, the compliance pathways of leading players, and the direction of market innovation.
First, the global regulatory framework—from Europe's MiCA to the U.S. GENIUS Act—is moving from ambiguity to clarity, delineating a clear runway for the entire industry.
It is in this context of "certainty" that Circle's IPO journey becomes so important. Recently, Circle's IPO surged nearly 170% on its first day, which not only signifies the mainstreaming of the stablecoin industry but also provides a valuation anchor for traditional capital entering the stablecoin market.
Against this backdrop, the development path of stablecoins has far exceeded the single "dollar peg."