On June 21, 2025, the IFIC Shanghai AI Intelligent WEB3 Innovation Summit was successfully held at the Mandarin Oriental Hotel in Pudong, Shanghai. This forum was co-hosted by FINWEX, with strategic support from the People's Daily Digital Communication, and brought together high-level representatives from Jiqing Cloud Intelligence, China Electronics Technology Group, ZTE Corporation, Qingcheng Jizhi, Gobi Partners, Boman Group, Pacific Financial Holdings, YOMIRGO, and the Antai College of Economics and Management at Shanghai Jiao Tong University to discuss hot topics in artificial intelligence technology and the WEB3 industry, and explore the development of the new economy.


The organizer of the event, Mr. You Li, the founder of FINWEX and a partner at the RWA Incubator of the Hong Kong University of Science and Technology, stated in his opening speech that the FINWEX series of summits has been held 15 times in international central cities such as Shanghai, Macau, Tokyo, Hong Kong, Haikou, Sanya, Seoul, and Shenzhen. FINWEX utilizes its extensive industry

> Nexus Testnet 3 will run for several weeks until the Nexus Mainnet launches in the third quarter.

Written by: KarenZ, Foresight News
Original link: "The Gold Mining Manual: How to Participate in the Supercomputer Nexus New Testnet?"
This article was written on February 20, 2025.

Update on June 24, 2025: The supercomputer project Nexus launches Testnet 3 in the United States, Vietnam, Nigeria, Russia, India, Indonesia, the United Kingdom, the Hong Kong Special Administrative Region, and mainland China. Unlike previous Nexus testnets that only ran for a few days, Testnet 3 will operate for several weeks, until the Nexus Mainnet launches later in the third quarter. Users will have ample time to contribute idle computing power and earn rewards. In Testnet 3,

Author: Fairy, Source: ChainCatcher
Eleven years ago, the Ethereum Foundation was registered in Switzerland, establishing an early paradigm for the governance structure of crypto projects. By the time of the "Ten Thousand Chains in Full Bloom" era, the Foundation became a "standard configuration" for Layer 1 projects—decentralized, non-profit, and serving the community; these labels were once regarded as the "golden standard of governance" for blockchain projects.
However, a recent article by a16z titled "The End of the Cryptocurrency Foundation Era" has reignited people's thoughts on foundations. The real dilemma of this idealized structure is gradually being exposed, and the halo of foundations is quickly fading.
When ideals shine into reality: A case study of the uncontrolled foundation model
The ideal foundation, with a strong moral halo, is seen as an indispensable bridge that connects the early stage of projects with autonomous governance. However, as many projects enter the maturity and scaling phase, this mechanism has also begun to reveal structural issues.

The largest meme issuance platform in the industry, pump.fun, is set to publicly raise $1 billion at a valuation of $4 billion, which is no longer news. As the meme coin craze fades away and the golden age of countless golden dogs is behind us, there are many concerns in both the Chinese and English circles that pump.fun's issuance of coins will siphon off a significant amount of liquidity, leading to a temporary end to the meme coin sector.
As a phenomenon-level application leader in the coin circle, pump.fun has been an existence at the level of an industry printing machine for quite a long time. However, with the retreat of liquidity and narrative, pump.fun is also trying to transform itself, such as learning from traditional internet platforms to create native internet celebrities for traffic. So, is pump.fun still worth a valuation of 4 billion dollars now?
4 billion USD

PEPE shows RSI compression after 245 days of consolidation, forming an ascending triangle. A breakout above $0.000000965 could target $0.00009000, with increasing volume and bullish indicators signaling potential upward momentum.

Elon Musk ( stated on Twitter ) X( on June 22 that he is dissatisfied with the "garbage" and "incorrect content" produced by his AI model Grok. Therefore, he plans to have Grok rewrite the human knowledge base by itself and then use this data to retrain Grok. The news immediately sparked criticism from the outside world.
Grok 3.5 Rewrite Human Knowledge Base
Elon Musk was the first to reveal that his AI company xAI will make significant adjustments to Grok. He pointed out:
"We will use Grok 3.5, which has advanced reasoning capabilities, to rewrite the entire human knowledge base, filling in missing information and deleting erroneous content. Then we will use this data to retrain the model."
He believes that all AI models currently on the market rely too much on unverified training data and are filled with too much junk content.
Experts consecutively open

A seminar focused on sustainable development issues titled "Green AI: Can Emerging Technologies Save the Earth?" was successfully held at the University of Surrey in the UK, co-hosted by the Endless protocol and its decentralized social platform Luffa. Endless Web3 Genesis Cloud, as a leading Web3 infrastructure, joined forces with Luffa built on top of it to explore the future of sustainable technology.
The event specially invited Satya S. Tripathi, former Assistant Secretary-General of the United Nations and current Secretary-General of the Global Alliance for Sustainable Development (GASP), to deliver a keynote speech, which sparked a lively discussion on the role, opportunities, and challenges of next-generation technologies in driving climate action.
The forum is hosted by Professor Xiong Yu, co-founder and co-president of the Endless protocol and associate vice president of Surrey University, along with Oliver, the product director of Luffa.

Hong Kong will implement stablecoin regulatory regulations in August 2025, aimed at promoting digital finance development and attracting institutional investors. 10 trading platform licenses have been issued, with another 8 under review. In addition, this regulatory framework will enhance investor confidence and support innovation in the stablecoin and Decentralized Finance markets.

Mustafa Al-Bassam, co-founder of Celestia, stated that despite the FUD surrounding Celestia in the market, the team remains enthusiastic, with over $100 million in funding reserves, ready for long-term development. He emphasized that market fluctuation is a normal phenomenon.

The military conflict between Israel and Iran has caused panic in the global markets, particularly with a sharp decline in Bitcoin prices. However, the establishment of a ceasefire protocol has led to a quick market recovery, with Bitcoin once again attracting capital inflows, demonstrating its characteristic as a "global risk sentiment barometer." Although the short-term outlook is optimistic, investors still need to follow geopolitical and macroeconomic variables.

According to the documents submitted to the SEC on Monday (, Jen-Hsun Huang, the CEO of Nvidia, sold 100,000 shares of Nvidia stock between June 20 and June 23, with a total value of $14.4 million. Huang's selling activities were part of a 10b5-1 plan announced by Nvidia in March, which is expected to generate over $800 million in revenue for Huang this year.
Jen-Hsun Huang has entered the ranks of the world's top 12 billionaires, largely thanks to NVIDIA's stock.
According to the Bloomberg Billionaires Index, Jen-Hsun Huang is the 12th richest person in the world, with a net worth of $126 billion, almost entirely composed of Nvidia stock. According to this index, the CEO has sold over $1.9 billion in Nvidia stock.
Jen-Hsun Huang's pre-arranged trading plan involves billionaires and

The Iran-Israel conflict has caused significant volatility in U.S. stocks, but Bitcoin's 60-day volatility is less than S&P 500, highlighting that the market structure has changed due to long-term holders and institutional funds. (Synopsis: Dialogue with Dragonfly Partner: Circle goes public, redefining the valuation expectations of crypto companies) (Background supplement: The female stock god sold Circle for three days to cash out 240 million magnesium, and the market value of CRCL has approached 95% of USDC issuance) War conflicts heat up, Bitcoin is the calmest? In June, the conflict between Iran and Israel escalated, and US President Donald Trump launched the first air strikes against Iran in nearly half a century. While the Dow Jones and Nasdaq were violently shaken, Bitcoin (BTC), known for its high volatility, unexpectedly remained calm, triggering a discussion about whether Bitcoin is moving towards a mature asset. Iranian Foreign Minister: No ceasefire agreement has been reached, Israel Da

On 23 June, Eddie Yue, Chief Executive of the Hong Kong Monetary Authority (HKMA), published an article titled "The Sound and Sustainable Development of Stablecoins". Eddie Yue said that Hong Kong's Stablecoin Ordinance ("the Ordinance") will come into effect on August 1, when the Hong Kong Monetary Authority will start accepting licence applications. Yue Eddie Man said that the Ordinance further improves the regulatory framework for digital asset activities in Hong Kong to safeguard monetary and financial stability, and consolidate and enhance Hong Kong's status as an international financial center.
Yu Weimen admitted that while he is pleased to see public interest in stablecoins, he also wants to cool down the enthusiasm for stablecoins so that everyone can view them more objectively and calmly. He stated that considering stablecoins are relatively new products, the risks involved in issuing them, the protection for users, and the market's capacity and long-term development, the licensing has a relatively high threshold. The Hong Kong Monetary Authority expects that in the initial stage, at most only a few licenses will be granted. Licensed stablecoin issuers must have real and tangible.

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On-chain data suggests the Bitcoin miners are currently quite underpaid. Could this trigger a selloff from these chain validators?
Bitcoin Miners Are Extremely Underpaid According To This Model
A

Nick Timiraos, a reporter for The Wall Street Journal known as the mouthpiece of The Federal Reserve (FED), specifically pointed out that Powell is in a difficult situation, facing Trump's demand to drop the Intrerest Rate by 1% to 2%, with some Fed officials already agreeing, putting Powell in a dilemma. (Background: Animoca Brands is collaborating with Standard Chartered Bank and HKT to prepare for the issuance of a Hong Kong dollar stablecoin, targeting cross-border payments.) (Supplementary Background: A comprehensive interpretation of Hong Kong's "Stablecoin Regulation": from definitions, regulatory framework, application qualifications to market impact.) Washington is once again witnessing the tug of war between the White House and The Federal Reserve (FED), with President Trump publicly naming Chairman Powell multiple times since April, demanding that the current 4.3% federal funds rate be dropped to 1-2%. The main reason behind this is to "ease the increasingly burdensome federal debt load." Trump has repeatedly pressured through social media platforms and press conferences, accusing The Federal Reserve (FED) of "slowing down the economy." The debate over interest rate cuts continues among the central bank.