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? 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.

Some ATMs that convert stablecoin USDT to cash have recently been deployed at tourist and retail locations across South Korea, but currently only serve foreign visitors with passports under the government's sandbox regulations. The machine operated by the South Korean blockchain company DaWinKS in collaboration with the Kaia DLT Foundation.

The second half of stablecoins seems to be opening a whole new narrative (long article, recommended for collection) From registering JCOIN on JD to the Korean Kaia chain @KaiaChain promoting the Korean won stablecoin, stablecoins are evolving from "USD overflow tools" to "localized value systems" with connections to U.S. Treasury bonds and central bank endorsement. First, let's clarify the three major trends: 1️⃣ Sovereign Endorsement × Enterprise Participation: JCOIN is backed by JD Digital and UnionPay Clearing, representing Chinese capital's attempt to explore Web3; the Kaia chain is led by a South Korean telecom giant, combining the issuance of a Korean won stablecoin, targeting the #RWA scenario. 2️⃣ Localization + Compliance + Currencyization: The US dollar stablecoin dominates globally, but China, Japan, and South Korea are starting to create local currency-pegged stablecoins to gradually reduce their reliance on USDT/USDC. 3️⃣ Stablecoins as the Foundation of Future Finance: Stablecoins are not only used for transfers and settlements; they will be the core underlying layer for on-chain real assets, cross-border clearing, and blockchain transformation platforms in the future. Whoever masters stablecoins holds the "gateway" to the next generation of financial settlement. The specific examples are very vivid: 1) JD wants to create its own chain + stablecoin ecosystem with JCOIN. 2) The Korea Kaia Stablecoin Alliance will pilot the Korean won stablecoin in 2024, with CBDC backing for settlement. 3) Hong Kong "dual-layer issuance + regulated stablecoin", bridging traditional finance and the crypto world. 4) USDT/USDC in the United States remains dominant, and regulatory trends will determine the global direction. In the coming years, everyone can expect: 👉 Scene Transition: From on-chain arbitrage and DApp settlement, upgrading to real money scenarios such as e-commerce payments, cross-border trade, and retail payments. 👉 Currency Diversification: Not only the USD stablecoin, but also $KRW, $HKD, and even ¥CNY shadow coins will be unveiled successively. 👉 Platform chains + stablecoins are standard configurations: combinations like Base + USDC and JD Chain + JCOIN. 👉 Regulatory convergence: Global stablecoin policies will gradually unify, forming clear tiered regulation, and compliance is a necessary path. ⬇️ What opportunities do retail investors have? 1) Layout 'original assets' as early as possible: For example, JD JCOIN chain, Kaia chain, Solana chain, etc. 2) Participate in airdrops/testnets: Compliance stablecoin, testing activities of settlement agreements, boosting liquidity, participating in governance 3) Start using on-chain payments: Services like Kado, Helio, and Stripe crypto pay can help you save on fees and increase profits.

The Line ecosystem is expected to become a new engine for Web3 in Asia. Introduction As a widely popular messaging app in Asia, Line announced this year a mainnet merger with the Korean public blockchain Klaytn. This strategic move signals Line's active expansion into the Web3 space. 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 has similar development conditions and is expected to spawn new phenomenal Web3 projects in the Asian market, injecting new vitality into the field. The merger of Line and Klaytn will bring technological innovation and changes in governance structure, issuing a new unified token and constructing an integrated network across Ethereum and Cosmos. This collaboration not only accelerates the development of Web3 technology but also pre