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Can the Line ecosystem become a new Web3 engine? Introduction Line, as a popular communication software in Asia, announced this year that it will merge its mainnet with the Korean public blockchain Klaytn. This strategic move indicates that Line will actively expand its presence in the Web3 space. Looking back at the rise of the Telegram ecosystem, it successfully attracted a large number of Web3 projects and users through a strong user base and mini-program platform, becoming a bridge for the transition from Web2 to Web3. Now, Line also possesses similar development conditions and is expected to spawn new Web3 phenomenon-level projects in the Asian market, injecting new vitality into the field. This merger will bring technological innovation and changes in governance structure, issue a new unified token, and build an integrated network across Ethereum and Cosmos. This collaboration not only accelerates the development of Web3 technology but also signifies the emergence of Asian tech giants in the blockchain space.

Crypto market dynamics: Bitcoin is under pressure around $118,000, with non-farm payroll data in focus. Market Overview On Thursday, the U.S. President signed an executive order imposing "reciprocal" tariffs on goods from multiple countries, with rates ranging from 10% to 41%. Countries that did not reach an agreement face higher rates, such as 25% for India, 39% for Switzerland, and 30% for South Africa. Tariffs on Canadian goods were raised from 25% to 35%, and a 40% transshipment tax will be levied on transshipped goods. This move aims to protect U.S. manufacturing and address trade imbalances. Recent data shows that the core PCE price index rose by 2.8% year-on-year in June, reaching a five-month high, indicating persistent inflationary pressures. However, another side of the economy reveals signs of fatigue, with consumer spending growth slowing, real disposable income flat, and the household savings rate remaining at 4.5%. Although the FOMC kept interest rates unchanged for the fifth consecutive time this week, two board members unusually voted in favor of a rate cut.

The Transformation and Challenges of the Gaming Industry: How KGeN Reshapes User Acquisition 1. Introduction The size of the gaming industry has surpassed that of film and music, but it has faced severe challenges in recent years. From 2023 to 2024, the industry has encountered layoffs and consolidations, rising development costs, and reduced investment. Game publishing and distribution have become more difficult, and new projects struggle to stand out. Nevertheless, there are still huge opportunities in the industry. The purchasing power of digital natives will continue to drive market expansion. At the same time, the "Global South" market, which has long been overlooked, is experiencing explosive growth and will become an important incremental market for the gaming industry in the next decade. This report will explore the latest challenges in game publishing, analyze the high-growth opportunities in the "Global South," and focus on KGeN - a blockchain-based gaming platform aimed at reshaping the incentive mechanisms between publishers and players. ![Let gamers prove: how KGeN redefines user acquisition](

Kaia Ecological Evolution: An On-Chain Growth Paradigm Centered on Mini Dapp 1. Overview of the Kaia Blockchain Ecosystem 1.1 Previous Background and Team Kaia is the new ecosystem formed by the merger of two major blockchain projects, Kakao's Klaytn and LINE's Finschia. Klaytn was initially launched by Kakao Group's subsidiary Ground X in June 2019, with early governance alliances including well-known South Korean companies such as LG Electronics, Celltrion, and Netmarble. Finschia originated from LINE's LINK chain launched in August 2018, which was later renamed in 2022 and established a foundation for operations. In August 2024, the two chains officially merged into the Kaia mainnet, which is unifiedly managed by the newly established Kaia DLT Foundation. Kaia aims to be a chain focused on large-scale applications.

The South Korean stablecoin market is gearing up: multiple forces are competing for the initiative. After the new government took office in South Korea, the cryptocurrency industry became rapidly active. Not only did several commercial banks join forces to prepare for the Korean won stablecoin project, but traditional tech giants and Web3 companies also began to lay out their plans, striving to gain an advantage in the increasingly fierce regional and global stablecoin competition. Meanwhile, Congress is reviewing relevant legislation to provide a legal basis for private institutions to issue Korean won stablecoins, and regulatory authorities are also accelerating the establishment of operational norms. It is expected that the second half of 2025 to the first half of 2026 could be a critical period for explosive growth in the Korean stablecoin market. The banking alliance is leading. The Bank of Korea takes a cautious stance on stablecoins, believing that they should be issued first by commercially regulated banks. Currently, eight major banks are planning to establish a joint venture to launch a won stablecoin, with participants including notable financial institutions such as Kookmin Bank and Shinhan Bank. Project