Web3 Newsletter: Industry Highlights and Must-See Trends This Week

Foresight News brings you a quick overview of this week's hot topics and recommended content:

01 Hot Discussions in the Crypto Space

"CASHCAT Market Cap Surpasses 100 Million! Robinhood Chain is on Fire"

"Want to Cash in on Robinhood Chain? Which Ecosystem Projects Are Worth Watching?"

"Internet Celebrity ANSEM's Meme Surpasses the Market Cap of a Coin Issued by the U.S. President"

"Lost 55 Million USD Selling 3588 BTC, Strategy Becomes a True 'Bad Boy'"

"The Death of a Public Company: A 1.46 Billion USD Bet on WLFI, 540 Million Went into Trump's Family Pockets"

"Not Betting on Goals, but on 'Tears', Polymarket Users Argue Over Cristiano Ronaldo"

"Paradigm's New Script: Left Hand Crypto, Right Hand AI and Robotics"

02 Industry Gossip

"The Fall of Zapper: Natural Disaster or Man-Made?"

"150 Billion USD Lost Over 5 Years, Gaming Giant YGG Surrenders"

"4.4 Million Steals 20 Million: BONK Faces a 'Legal Robbery'"

"Huawei Genius Boy Questions DeepSeek Interview, Caught in Web3 Investor 'Backlash'"

"Gate Users Lose 1.7 Million, Has Facial Recognition Been Hacked?"

03 Industry Insights

"RWA Tokenization Leader Ondo is Entering the Perp DEX Space"

"OUSD, Which Caused Circle to Plummet 17% Overnight, Is in a Marketing Controversy"

"Probability Drops Below 50%: Is the Clarity Act Dead This Year?"

01 Hot Discussions in the Crypto Space

This week, Robinhood Chain has sparked a new wave of crypto enthusiasm relying on the Meme track, with CASHCAT surging in a short time and its market cap exceeding 100 million USD, bringing the on-chain launch platform Noxa.fi into the public eye. With rules like low barriers to issuing tokens and anti-sniping mechanisms, ecosystem tokens continue to emerge. However, Meme coins driven by emotional narratives lack fundamental support, leading to rapid changes in popularity, and participants must be wary of high volatility risks.

As a key track for Robinhood's Layer2 layout, Robinhood Chain focuses on stock tokens and RWA ecosystems. The mainnet launch coincides with a 90-day gas fee waiver event, and the ecosystem is still in the early stages of benefits. This article outlines core native projects like Arcus and Lighter, analyzing the business layouts and potential interaction opportunities of each protocol while reminding participants to rationally assess risks and avoid blind participation.

Currently, the sentiment in the Meme coin market is significantly polarized. Solana ecosystem's ANSEM has surpassed the TRUMP token in market cap due to continuous operations by KOLs, liquidity optimization, and layered airdrop strategies, with a much higher profit ratio for holders. In contrast, the BNB chain's namesake token relies solely on celebrity interactions to generate short-term market activity, with popularity quickly fading. Meme tokens lack fundamental support, and their value entirely depends on community consensus, hiding extremely high volatility risks behind the frenzy.

Once claiming to only buy Bitcoin and never sell, Strategy recently sold 3588 BTC at a discount, marking the largest reduction in six years. The rigid preferred stock dividends forced the company to liquidate its holdings, breaking a long-standing narrative promise. There is currently no bankruptcy crisis on the books, but the faith in "permanently holding coins" has been shaken, and the market is beginning to reprice the story that MSTR relies on for its premium.

NASDAQ-listed AI Financial, once a stable crypto payment service provider, made a reckless bet of 1.46 billion USD on WLFI tokens. The connections to the board, high capital flows to Trump's family, combined with the token's plummet, asset lock-up, and cash flow exhaustion, have brought the company to the brink of collapse. This capital farce serves as a warning for public companies blindly betting on crypto assets.

Portugal's exit in the Round of 16 at the 2026 World Cup and the tragic ending for Cristiano Ronaldo ignited the crypto prediction market Polymarket. A multi-directional bet around "Will tears roll down his face?" suddenly unfolded, with over a hundred million in funds wagered and ongoing disputes over rules. This dispute triggered by a single tear starkly exposes the unavoidable rule loopholes and interest games in centralized prediction markets regarding subjective event judgments.

Paradigm has completed a new fund raising of 1.2 billion USD, officially stepping out of the pure crypto VC positioning, and is laying out AI, robotics, and aerospace hard technology. In the face of a market landscape where AI continues to siphon capital, institutions have not abandoned the crypto track but are using AI Agents as a fusion pivot to connect blockchain and artificial intelligence, continuously delving into derivatives, prediction markets, and other on-chain infrastructures with real financial value, opening a new phase of investment in cutting-edge technologies.

02 Industry Gossip

Zapper, which rose during the DeFi boom, once gained two million monthly active users through asset tracking and one-click operations, riding the wave of DeFi Summer to stand at the industry's forefront. However, traffic could not be converted into revenue, and coupled with changes in market dynamics and multiple failed transformations, this star project ultimately announced its shutdown. The end of Zapper is not only an individual tragedy but also reflects the common profitability dilemma and strategic decision-making challenges faced by Web3 C-end tools.

Once a leading gaming guild, YGG is now undergoing a significant strategic shift. In the context of a five-year market cap decline and industry bubble burst, it has shut down its game publishing department YGG Play, which was only launched for a year. The once-dominant P2E narrative has lost its luster, exposing the deep contradictions between the financial mechanisms of blockchain games and entertainment demands. YGG is fully heading towards the AI data track, becoming a vivid reflection of the end of the Web3 gaming wave.

Decentralized DAO governance has once again exposed deep-seated vulnerabilities. The Solana ecosystem's BONK faced a typical governance attack, where the attacker invested only 4.4 million USD, leveraging the community's low participation in voting to pass malicious proposals with absolute voting power from a single address, legally transferring 20 million USD worth of treasury assets. This "legal plunder" without code vulnerabilities serves as a warning for Web3 governance mechanisms.

Former Huawei genius Li Bojie sparked heated discussions by criticizing the DeepSeek interview, and beyond the controversy, his early Web3 startup project Metagent and its investor ABCDE Capital's disputes have come to light. Both parties have differing opinions on fund allocation, project advancement, and information disclosure, coupled with financing doubts raised by other institutions, leading to a contract dispute involving top AI talent, reflecting the real contradictions of cross-border entrepreneurship between AI and Web3.

Recently, the theft of approximately 1.7 million USD in assets from Gate.io users has sparked heated discussions in the crypto community. Records from the platform's backend show that multiple rounds of facial verification and identity material checks were all passed, yet the victims completely deny having performed related operations, with conflicting evidence from both sides. This "Rashomon" not only questions the exchange's risk control system but also brings to light security risks such as AI-generated live verification and personal privacy leaks, ringing alarm bells for crypto asset users.

03 Industry Insights

The perpetual contract track has long been limited to crypto-native assets, while RWA leader Ondo is going against the trend by laying out Perp DEX. Leveraging mature U.S. stock and commodity tokenization resources, Ondo Perps connects spot issuance with derivative trading, building a leveraged trading system for traditional assets on-chain, which is expected to drive the transformation of Perp DEX into a global cross-category financial infrastructure, reshaping the competitive landscape of the RWA industry.

Open USD (OUSD) stirred the stablecoin space as soon as it was announced, claiming to have over 140 partners, which directly caused Circle's stock price to plummet. However, this partner list quickly sparked controversy, with several companies denying formal cooperation. This marketing storm, relying on the reputation of well-known institutions, has cast a shadow of distrust over the yet-to-be-launched OUSD, reigniting the trust game in the stablecoin industry.

The U.S. Clarity Act, as the first comprehensive federal regulatory bill for digital assets, has suddenly changed its prospects for landing this year. Polymarket data shows that the probability of the bill's signing has dropped below 50%, hampered by multiple games over stablecoin clauses, DeFi developer exemptions, and ethical controversies, with the legislative window continuing to narrow. The direction of the bill not only determines the division of regulatory responsibilities between the SEC and CFTC but will also profoundly impact the long-term development path of the entire U.S. crypto industry.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.