Australia July Westpac/Melbourne Consumer Confidence Index

Decentralized Physical Infrastructure Networks (DePIN) are an important pillar of Web3, constructed and maintained in a decentralized manner, allowing participants to receive economic incentives. DePIN reduces management costs, enhances network robustness, and promotes open competition. With the development of decentralized storage, computing, and other applications, DePIN has significant rise potential, with an expected future market size reaching $3.5 trillion.

Bullish encryption exchange restarts IPO plans, aiming to list on the New York Stock Exchange, leveraging traditional capital support and compliance layout to seize opportunities in the US market. Despite facing concentrated customer risks and significant loss challenges, its rich Bitcoin reserves and the management's controlling stake advantage provide potential, but whether it can successfully enter the mainstream market in the future remains to be seen.

The Bitcoin ecosystem welcomes the launch of Fractal BTC Mainnet and the release of the CAT20 Token protocol. CAT20, inspired by ERC20, features functions such as token deployment, minting, transfer, and destruction, enhancing smart contracts capabilities and providing new ideas for Bitcoin network expansion, showcasing rich innovative potential.

Recent surveys show that over 60% of respondents believe Solana (SOL) is the next approved crypto assets ETF. Although SOL is receiving attention in the market, its ETF approval faces challenges due to being classified as a security by the SEC. However, the passage of the FIT21 bill brings positive signals for future ETF approvals, and SOL still has hope of becoming the third approved crypto asset.

In recent years, an increasing number of listed companies have begun to incorporate encryption assets into their balance sheets. The main forces driving this trend include government policies, exemplary enterprises, as well as encryption venture capital and Web3 funds. These institutions support listed companies in investing in and managing encryption assets through diversified financing methods, demonstrating the growing attention and demand from traditional capital for encryption assets.