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

The Line ecosystem is expected to become a new Web3 rise engine. Introduction As a widely popular communication software in Asia, Line announced this year its mainnet merger with the Korean public chain Klaytn. This strategic move indicates that Line will actively expand its presence in the Web3 sector. Looking back at the rise of the Telegram ecosystem, it successfully attracted a large number of Web3 projects and users through its strong user base and mini-program platform, becoming a bridge for the transition from Web2 to Web3. Now, Line also possesses similar development conditions and is expected to foster new Web3 phenomenon-level projects in the Asian market, injecting new vitality into the field. This merger will bring about technological innovation and changes in governance structure, issue a new unified token, and build an integrated network across Ethereum and Cosmos. This collaboration not only accelerates the development of Web3 technology but also signifies the Asian tech giants in

A comprehensive review of the crypto market from the macro environment to vertical tracks in the second half of 2024. 1. Market Overview 1.1 Crypto Market Fundamentals In 2024, the crypto market performed strongly, with the total market capitalization growing from $2.31 trillion to $3.33 trillion, an increase of 44.2%. This growth was attributed to favorable factors such as the approval of spot Bitcoin ETFs and Donald Trump's election as President of the United States. Bitcoin's dominance rose to 56.8%, and the assets under management of ETFs doubled. Ethereum ETFs showed lackluster performance, as institutional investors still preferred Bitcoin. Solana performed impressively, with a price increase of 29.3% and a net inflow of $2 billion into its ecosystem. The share of the DeFi market is expanding, with the total locked value ( TVL ) doubling. The ratio of DEX to CEX trading volume has increased to 11.05%, with an annual trading volume reaching 2.67 trillion dollars. Solana and Base in DeF

New Challenges and Opportunities in the Gaming Industry: How KGeN is Reshaping User Acquisition 1. Introduction The gaming industry has surpassed the film and music industries in scale, but it faces severe challenges in recent years. After record growth during the pandemic, it is experiencing waves of layoffs and consolidation in 2023-2024, skyrocketing development costs, and a significant reduction in investment. Issuing and distributing has become increasingly difficult. The proliferation of AI content, saturation of platforms, and players' preference for mature IPs make it challenging for new projects to stand out, and acquiring highly engaged users has become unprecedentedly challenging. Nevertheless, there are still huge opportunities in the industry. The purchasing power of the digital native generation will continue to drive market expansion. At the same time, the "Global South" market, which has long been overlooked, is experiencing explosive growth and will become an important incremental market in the next decade. This report will explore the latest challenges in game publishing, analyze the high-growth opportunities in the "Global South", focus on the blockchain-based gaming platform KGeN, and assess the Web.

Abstract Chain Panorama Analysis: How to Build a Public Chain Ecosystem for End Users? Abstract Abstract Chain will be launched in January 2025, as a user-centric blockchain dedicated to promoting the large-scale adoption of cryptographic technology and building an easily accessible and engaging platform. Abstract Chain offers a good user experience brought by native account abstraction, leveraging 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 broadcasting and a reward system, and attracting application developers into the ecosystem. This live streaming platform has attracted over 10,000 broadcasters, with an average daily user participation duration of over 7 minutes.

Kaia Public Chain: The Rising Star of South Korean Stablecoin Projects Recently, the Kaia public chain has become one of the focal points in the crypto market due to the strong performance of its token price. Since its launch in August 2024, Kaia has continuously focused on technical performance and ecological development. Recently, its moves in the stablecoin and payment sectors have sparked enthusiastic discussions among industry investors. Senior officials from the foundation publicly stated, "Kaia's stablecoin summer is coming soon," indicating that its fiat-backed token plan has entered the implementation stage. With the new South Korean government taking office, the issuance of stablecoins pegged to the Korean won has become the latest policy direction. The Kaia team announced plans to launch a Korean won stablecoin in collaboration with several super apps. Once this news was released, the prices of related concept stocks surged, and the Kaia token also rose, from nearly $0.10 to a high of $0.17, reflecting the market's enthusiasm for local stablecoin projects in South Korea.