API Crude Oil Production for the Week Ending July 18 in the US

Abstract Chain Panorama Analysis: How to Build a Public Chain Ecosystem for End Users? Summary Abstract Chain will be launched in January 2025 as a user-centric blockchain, dedicated to promoting the widespread adoption of cryptographic technology and building an accessible and engaging platform. Abstract Chain offers a comfortable user experience brought by original account abstraction and leverages the established fan base of Pudgy Penguins and $PENGU to provide differentiated value through its unique user structure. The growth strategy of Abstract revolves around building a digital entertainment theme park: owning its own portal platform, integrating live streaming and reward systems, and attracting application developers into the ecosystem. This live streaming platform has attracted over 10,000 hosts, and users each

Kaia: Partnering with major Asian social giants Line and Kakao, with a potential of 250 million users ready to take off. 1. Background Overview of Kaia 1.1 Project Introduction 1.1.1 Establishment and Development History On January 16, 2024, two leading blockchain platforms, Klaytn and Finschia, announced the launch of a unified mainnet plan. These two mainnets originate from the internet giants Kakao and LINE in South Korea and Japan, respectively. The merged Kaia mainnet officially went live on August 29, 2024. Kakao and LINE plan to build a giant blockchain in Asia and gradually lead the global Web3 market. Sam Seo, the chairman of the Kaia Foundation, holds a PhD in high-performance computing and previously worked at KrustUniverse.

The Kaia public chain is developing rapidly, and the Korean won stablecoin plan has sparked heated discussions. Recently, the Kaia public chain has become the focus of the crypto market due to the strong rise in its token price. Since its establishment in August 2024, Kaia has been continuously working on technical performance and ecosystem construction. Recently, its actions in stablecoins and payment scenarios have sparked heated discussions among industry investors. Senior officials from the foundation stated, "The summer of Kaia's stablecoin is coming soon," suggesting that its fiat-backed token plan is about to enter the implementation phase. With the new government in power, the support for the issuance of stablecoins pegged to the Korean won has become the latest policy trend in South Korea. The Kaia team took this opportunity to announce a partnership with several super apps to launch a Korean won stablecoin. Following this announcement, the stock prices of related companies surged, and the price of Kaia tokens rose from nearly $0.10 to a high of $0.17, reflecting the market's enthusiasm for locally issued stablecoin projects in South Korea.

Research on the liquidity segmentation issue in the Layer 2 era With Ethereum's shift towards Layer 2-centric scaling solutions and the rise of tools like RaaS, numerous public chains are rapidly developing. Many entities hope to build their own chains to represent different interests and seek higher valuations. However, the emergence of many public chains makes it difficult for the ecosystem to keep up with the pace of public chains, leading to many projects breaking even at the time of TGE. Borrowing OP

The outlook for the South Korean stablecoin market is optimistic due to government support and the improvement of laws and regulations, with various parties actively positioning themselves. Banking alliances, tech giants, and Web3 companies are competing to issue Korean won stablecoins, and a market explosion is expected between 2025 and 2026. All participants are striving to seize the opportunity, and future developments are worth following.