U.S. Personal Spending Month-on-Month in May

Initia: Building a Complete Chain Rollup Ecosystem for Web3 With the rise of modular public chains, the number of public chains in the market has exploded. Data shows that there are currently 53 operational L2 public chains, with another 42 under development. Although these public chains, designed for different scenarios, meet diverse needs, they also bring complexity and fragmentation issues. Against this background, the modular project Initia launched by the Cosmos ecosystem has attracted widespread attention. Inspired by Apple's design philosophy, Initia transforms blockchain into an easily usable and integrated form similar to iPhone applications, allowing users to enjoy an intuitive and interconnected blockchain application experience. The product suite of Initia includes multi-chain browsers, wallet tools, cross-chain bridges, centralized application platforms, and on-chain identity systems, aiming to build a unified and user-friendly blockchain ecosystem. Currently, Initi

Initia is a modular Blockchain ecosystem project aimed at simplifying the user experience of Web3 applications, providing multi-chain browsers, Wallet tools, cross-chain bridges, and other products. It addresses complexity and fragmentation issues through a layered architecture, and the Mainnet is expected to be launched in the third quarter of this year, promoting the development of the Web3 ecosystem.

$INIT is showing immense strength on the daily timeframe, perfectly validating a significant bullish reversal pattern! 📷 After forming a clear Double Bottom around $0.0050 - $0.0052 and decisively breaking above its neckline, $INIT has executed a textbook retest of its new Support Area. This validates strong underlying demand and sets the stage for a powerful rally towards $0.0060 - $0.0065 and eyeing $0.0070+! Building on solid foundations for a new growth phase. 📷 #INIT #Crypto #DoubleBottom #Retest #BullishReversal

Recently, the Crypto Assets market has shown a positive trend, with several projects experiencing a pump. In the Memecoin sector, BANANAS31 has stood out with a rise of 1.64%. Following closely is PENGU, which rose by 1.41%. At the same time, BONK, TST, and 1000CAT recorded rises of 0.69%, 0.61%, and 0.54%, respectively. These figures reflect the increasing activity in the Memecoin segment. Layer 1 projects also show strong momentum. INIT and G are neck and neck, both rising by 0.56%. INJ and ONG follow closely, both rising by 0.49%. CHR also performs well, rising by 0.43%. The rise of these Layer 1 projects may indicate the continued development of the underlying public chain ecosystem. The Layer2 track is also not to be outdone. EPIC leads with a rise of 0.55%. MANTA follows closely behind with an increase of 0.44%. CELO, IMX, and METIS also have varying degrees of rise, at 0.39%, 0.36%, and 0.36% respectively. The progress of Layer2 solutions may suggest that blockchain scaling technology is maturing. Although these rises are relatively moderate, they still reflect the market's ongoing attention to various Crypto Assets. Investors should closely monitor market trends while cautiously assessing risks. It is worth noting that there are currently no signs indicating that listed companies are significantly increasing their holdings of mainstream Crypto Assets such as Bitcoin. As the encryption market continues to evolve, the performance of various projects will remain a focus of widespread attention. Investors and industry observers might want to keep an eye on these trends to better grasp the pulse of the market.

Contract upgrades are an inevitable part of smart contract development, especially when it comes to fixing vulnerabilities and adding new features. This article explores the upgrade methods for Rust smart contracts, including direct deployment when the data structure is unchanged and migration methods when the data structure is modified. It also emphasizes the security considerations during contract upgrades to ensure the safety of the contract and user assets.