Town Hall

The crypto market has seen a warming of market sentiment this week, with BTC briefly breaking through $100,000 and ETH performing strongly. The Lock-up Position in DeFi has risen, and the Tron ecosystem is active. The AI Agent sector is heating up, and PayFi offers high returns. The market is influenced by macro data and Microsoft's proposals, so investors should remain cautious.

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The Line ecosystem is expected to become a new engine for Web3 development. Introduction Line, as a widely popular communication software in Asia, announced this year a mainnet merger with the South Korean public blockchain Klaytn. This strategic move signifies that Line will actively expand its footprint in 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 possesses similar development conditions and is expected to foster new Web3 phenomenon projects in the Asian market, injecting new vitality into the sector. This merger will bring technological innovation and changes in governance structure, issue a new unified token, and build an integrated network across Ethereum and Cosmos. This not only accelerates the development of Web3 technology but also indicates the presence of Asian tech giants in the blockchain field.

The South Korean stablecoin market has entered a rapid development phase, with multiple banks, tech giants, and blockchain companies actively laying out plans. Eight major banks plan to establish a joint venture to issue a Korean won stablecoin, and companies like Kakao Pay and Kaia blockchain are also advancing related businesses. Market competition is intensifying, and rapid growth is expected in the future.

The Rise of Kaia Public Chain: A New Star in the Wave of Korean Stablecoins Recently, the Kaia public chain has become a hot topic in the crypto market due to its strong token performance. Since its official launch in August 2024, Kaia has been committed to enhancing technical performance and完善生态系统. Recently, its actions in the stablecoin and payment sectors have attracted widespread attention in the industry. Senior officials from the foundation stated that Kaia's "stablecoin summer" is approaching, hinting that its fiat-backed token plan is accelerating. With the new government taking office in South Korea, supporting the issuance of stablecoins pegged to the Korean won has become a new policy direction. The Kaia team has announced that it will collaborate with several well-known technology companies to launch a Korean won stablecoin. This news quickly sparked market reactions, with related concept stocks surging in price, and the price of Kaia tokens rising from around $0.10 to a peak of $0.17, reflecting the market's optimism about the prospects of domestic stablecoin projects in South Korea.