EIA refined oil imports in the United States for the week ending July 25

This week, the Web3 gaming industry experienced financial crises and restructuring situations, while new games like Kaidro and Pebble performed outstandingly, attracting new players and maintaining user engagement, reflecting the dynamic development of the industry and the importance of user experience.

🇺🇸 GOOGLE AGREES TO CHILL ITS AI WHEN THE POWER GRID'S STRESSED AI is so power-hungry it's now outpacing electricity supply in parts of the U.S. - and yes, it could spike your energy bill. So, Google just cut a deal with two electric companies to slow down its data centers when

The Web3 social track is expected to become the next bull run engine. Each bull run has different engines of initiation, and behind each bull run engine, there has been a long development process of bear markets. With the development of Web3 technology and infrastructure, the social track has also ushered in new development opportunities. Will the Web3 social track become the next bull run engine? As an application layer track that requires developers to fully utilize their imagination, social, identity, NFT, DAO, fans, and more can all be categorized under the Web3 social category. The social track is currently still in its early stages, but with the launch of some projects and the introduction of creator incentive programs, market enthusiasm is gradually rising. The social application Friend.Tech on the L2 chain BASE has quickly become popular since its launch on August 10, attracting over 120,000 registered addresses in less than 20 days, with daily active addresses exceeding 20,000. CyberConnect,

Market Overview Main Market Trends Overall market situation The market is currently in a state of extreme panic, with the sentiment index dropping significantly from 53% to 7%. The Federal Reserve's hawkish stance has reduced the interest rate cut expectations from 4 times to 2 times, triggering around $1 billion in forced liquidations, indicating that the market is undergoing a significant deleveraging process. DeFi ecosystem development The DeFi sector has seen its first negative TVL growth in the past two months ( -2.21% ), but the market value of stablecoins continues to grow ( USDT +0.55%, USDC +1.44% ). This indicates that despite the market pullback, underlying liquidity is still flowing in, with projects like yield farming pools being in high demand. AI Agent The market size of the AI Agent track has reached 9.9 billion USD, with the investment focus shifting from speculative AI.

Text With the official passage of the "Stablecoin Regulation", the Hong Kong Monetary Authority released the "Guidelines for Regulating Licensed Stablecoin Issuers (Draft)" on May 26, 2025, aimed at ensuring the stability, safety, and compliance of the local stablecoin ecosystem. The guidelines detail the regulatory requirements and operational standards that licensed stablecoin issuers must continuously adhere to. Recently, an increasing number of institutions have consulted security teams regarding the compliance implementation of smart contracts. To assist issuers in better understanding and deploying a compliant smart contract system, we have specially released the "Smart Contract Implementation Guidelines for Stablecoin Issuers in Hong Kong" to provide clear technical paths and practical recommendations, supporting the healthy development of the Hong Kong stablecoin ecosystem. Part One: Infrastructure and Compliance Strategy This section aims to lay the cornerstone for the high-level architecture of the stablecoin system, with these architectural decisions being driven entirely by the fundamental requirements of the framework established by the Hong Kong Monetary Authority.