Written by: Andy, epochChain
The evolution and changes of the global financial system
Background Introduction
The Age of Discovery: The Birth of Financial Origins (15th - 17th Century)
The Age of Discovery laid the foundation for the development of the financial system. The Dutch East India Company pioneered the issuance of stocks to address the enormous funding needs of overseas trade, pricing and splitting "trade profit rights" for trading, achieving "asset negotiability." Ordinary people were able to participate in investments in overseas trade and share in the profits. Meanwhile, marine insurance emerged, allowing ship owners to transfer transportation risks by paying premiums. The premiums collected from numerous ship owners formed a risk diversification fund, becoming an early model of "risk diversification and pricing." In international trade, gold and silver, due to their scarcity and recognized value, became core settlement tools, solving the trust issues of currency exchange between different monetary systems. At this time, the financial system began to have initial earnings.

Author: Daniel Li, CoinVoice
In the cryptocurrency market of 2025, Meme coins have become star assets on the Solana blockchain due to their unique community culture and financial innovations. Solana, with its high throughput and low transaction costs, has attracted a large number of Meme coin projects, with a total market value exceeding $112.3 billion and a daily trading volume of approximately $3 billion. However, traditional launch platforms like Pump.fun have been criticized for high costs, opaque governance, and a high failure rate (up to 98.7%). These issues have created a strong demand for fairer and more transparent platforms.
letsBONK.fun was born, a Meme coin launch platform launched by the BONK team on April 25, 2025, aimed at reshaping the landscape through no-code issuance, transparent revenue distribution, and deep integration with Raydium and Jupiter.

Written by: Rhythm Worker, kkk

Stablecoins "landed", the "ceiling" of American crypto finance has been opened again.
In the early hours of last night, the U.S. House of Representatives officially passed the GENIUS Act and the CLARITY Act, establishing a "framework for stablecoins" and setting a clear regulatory tone for the entire digital asset industry. The White House subsequently announced that Trump will personally sign the GENIUS Act this Friday. From now on, stablecoins are no longer experimental products in a gray area, but are about to be enshrined in U.S. law as "official monetary instruments" backed by the state.
Almost at the same time, the three major financial regulatory giants, the Federal Reserve, FDIC, and OCC, jointly issued guidance a few days ago, clearly stating that U.S. banks can provide custody services for crypto assets to clients for the first time. Various banks and institutions on Wall Street can no longer hold back.
Traditional banks wave the banner of stablecoins

Author: William Nuelle
Compiled by: Shenchao TechFlow
After a significant decline in the global stablecoin asset scale over the past 18 months, the adoption of stablecoins is accelerating again. Galaxy Ventures believes that there are three long-term driving factors behind the renewed acceleration of stablecoins: (i) the adoption of stablecoins as a savings tool; (ii) the adoption of stablecoins as a payment tool; and (iii) DeFi as a source of returns above the market, which absorbs digital dollars. Therefore, the supply of stablecoins is currently in a phase of rapid growth, expected to reach $300 billion by the end of 2025 and ultimately $1 trillion by 2030.
The asset management scale of stablecoins has grown to 1 trillion dollars, which will bring new opportunities to the financial market and also lead to new changes. Some changes I currently...

The main challenge facing the Ethereum ecosystem is how to integrate decentralization and collaboration to build a unified ecosystem. By defining specific metrics for "Ethereum Coordination," including open source, open standards, and contributions to the community, interoperability and consistency among different projects can be promoted. At the same time, it is important to emphasize maintaining flexibility and fairness in community participation and project support, thereby achieving sustainable development of the ecosystem.

Original Title: New Skin, Old Instincts
Original author: PRATHIK DESAI
Original translation: Saoirse, Foresight News

In the late 1980s, Nathan Most worked at the American Stock Exchange. However, he was neither a banker nor a trader, but a physicist who had been deeply involved in the logistics industry for many years, previously engaged in the transportation of metals and bulk commodities. His focus was not on financial instruments, but on practical systems.
At that time, mutual funds were the mainstream way for investors to gain broad market exposure. Although these products provide opportunities for diversified investments, they have the issue of trading delays: investors cannot buy or sell at any time during the trading day and must wait until the market closes to know the transaction price after placing an order (it is worth noting that this trading model is still in use today). For those accustomed to trading in real time,

Guest: Tom Lee, Co-Founder and Head of Research at Fundstrat Global Advisors
Host: Amit Kukreja
Podcast Source:
Organized and compiled by: ChainCatcher
ChainCatcher Editor's Summary
Tom Lee is the co-founder and research head of Fundstrat Global Advisors and one of the earliest on Wall Street to systematically research Bitcoin and emerging asset allocation. He served as chief strategist at JPMorgan for 16 years, known for his data-driven and contrarian predictions. While most institutions were bearish, he anticipated the bull market rebound, was optimistic about Ethereum's underlying value, and successfully captured multiple cycle turning points. His judgments serve not only as a reference for institutions but have also become an important basis for countless retail investors to make counter-trend allocations.
This podcast revolves around the

Original Title: "How stablecoins become money: Liquidity, sovereignty, and credit"
Author: Sam Broner
Compiled by: Deep Tide TechFlow
Traditional finance is gradually incorporating stablecoins into its system, and the trading volume of stablecoins is continuously increasing. Stablecoins have become the best tool for building global fintech due to their fast, almost zero-cost, and easily programmable characteristics. The transition from traditional technology to new technology means we will adopt fundamentally different business models—but this transformation will also bring new risks. After all, a self-custody model based on digital assets is a disruptive change to the banking system that has relied on registered deposits for centuries.
So, in this transformation process, entrepreneurs, regulators, and traditional finance

Recently, the tokenization of US stocks has become a market hotspot, with companies like Robinhood starting to offer compliant stock tokenization services. This marks a significant advancement in on-chain finance, which could facilitate the migration of traditional assets to on-chain and bring about higher quality investment options. However, stock tokenization may also compress the development space of native encryption projects, affecting capital flows and investment preferences, revealing the importance of whether Web3 can support mainstream assets.

Written by: Daii
There are two things that prompted me to discuss this topic today. It's like a fishbone stuck in my throat; I can't be at ease until I express it.
One is a Chinese doctoral student delivering takeout.
Another reason is that young people in South Korea are flocking to cryptocurrency exchanges out of despair.
These two scenes seem to have no relation, yet they act like two mirrors reflecting the same group—the youth—caught in the dilemma of being torn between two extremes.
Let's first talk about the young people delivering food in China.
Delivering takeout is not embarrassing, but when someone with a high degree such as a PhD has to rely on being a delivery rider to make a living, it becomes an irony of the times. Ding Yuanzhao, widely reported by the media, is a microcosm of this group. He is a PhD, well-educated, yet due to real-life difficulties, he ultimately chose to put on the rider vest and join the "highly educated delivery army" that rushes through the city.
He is not an exception.
China now has more than 7.45 million Meituan delivery riders, among whom hundreds of thousands hold an associate degree or higher, and even more

On June 15, the China Wealth Management 50 Forum (CWM50) held a symposium on "Rapid Development of Stablecoins: Potential and Challenges", and Xiao Feng, vice chairman of Wanxiang Holdings, attended and made a special speech.
Xiao Feng stated that stablecoins represent a new stage in the evolution of currency, which can be referred to as "tokenized currency." Based on distributed ledger technology, it enables peer-to-peer transactions without the need for intermediaries to align information. Since the emergence of distributed ledger technology, there has been a significant change in financial market infrastructure. The advent of stablecoins also signifies the emergence of the digital twin trend, which involves bringing real-world assets onto the blockchain for tokenization. Asset tokenization has implications for enhancing the global liquidity of assets, introducing new clearing and settlement models, programmability, and addressing the future AGI era.
From the perspective of the functions of currency, stablecoins have functions such as payment and settlement, serving as a highly transferable currency across time and space. They address the "last mile" problem of inclusive finance, particularly for cross-border transactions.