Recommended reading of the week: 10,000-word research report on RWA L1 public chain Plume Network, Behind the virtual currency money laundering case of students, AI video generation platform Hedra completed a $32 million Series A financing, led by a16z Infra

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The asset scale of the RWA track has grown 106 times since 2021, with a total scale exceeding US$20 billion, showing the urgent need of traditional financial institutions for the tokenization of real assets. With many institutions actively entering the market, Plume Network, as an L1 public chain designed specifically for RWA, simplifies the asset tokenization process and the chain process and automatically adapts to regulatory compliance requirements to establish an RWAfi ecosystem that connects virtual and real-world assets. So, will this be the outbreak point for the integration of Web3 and traditional finance? To this end, this more than 12,000-word research report written by Wildon, a researcher at Web3Caff Research, will discuss in depth the development background, project vision, technical features and ecological overview of the project, and discuss its potential risks and development prospects.

In the early morning of May 10, oracle service provider Chorus One disclosed that a hot wallet of Lido Oracle was hacked and 1.46 ETH was stolen. So, does the theft have a substantial impact on Lido? This article discusses it in depth for you, please read it quickly.

On May 12, Paul S. Atkins gave a keynote speech at the Tokenized Crypto Working Group Roundtable. As he said, "It is a new day at the SEC". This is a brand new beginning. The SEC will no longer take the form of law enforcement supervision as it did during the Gary Gensler era, but will pave the way for crypto assets in the US market. This article will explain it to you.

Due to its highly anonymous and borderless nature, virtual assets based on blockchain technology have led to various cryptocurrencies related to criminal activities, especially stablecoins. This article analyzes the recent money laundering incident of mainland college students in Hong Kong, and explores in depth how the Southeast Asian fraud industry has damaged Hong Kong's crypto economy in this incident. Please read it quickly.

The recent announcement by the Hong Kong Securities and Futures Commission (SFC) on the provision of staking services by licensed virtual asset trading platforms (VATPs) has introduced a clear regulatory framework for the Hong Kong virtual asset ecosystem, which will have a significant impact. This move marks a significant shift in the SFC's regulatory stance, which is discussed in depth in this article.

Recently, Clanker, an AI Agent startup platform deployed on the Base network, has been caught up in a public opinion storm. On May 5, Jack Dishman, founder and CEO of Clanker, announced on the X platform that the project developer has decided to resign immediately. The reason for his resignation is that he was revealed to have a surprising "criminal record", which is discussed in this article.

On May 12, local time in the United States, the Crypto Asset Task Force under the U.S. Securities and Exchange Commission (SEC) held the fourth cryptocurrency roundtable meeting. The theme of this meeting was "Tokenization: Assets on the Chain - The Intersection of Traditional Finance and Decentralized Finance". This article discusses it for you, please read it quickly.

While the market is still discussing the general capabilities of AGI, it is more gratifying to see that many enterprise users are already exploring the practical value of AI. Obviously, compared with the past resource monopoly leap of competing for computing power and algorithms, when the market focuses on edge computing + small models, it may bring greater market vitality. This article discusses it in depth for you, please read it quickly.

Bitget Wallet (formerly BitKeep) is a decentralized multi-chain wallet that supports asset management, DApp browsing, NFT market and trading functions. Bitget Swap is the core component of Bitget Wallet. Its system structure can be divided into two levels: on-chain and off-chain. It collaborates to achieve the optimal execution of asset exchange and cross-chain paths. This article will discuss it for you.

Recently, the President of Kyrgyzstan tweeted that he had met with CZ and invited CZ to join the National Crypto Committee. CZ suggested that Kyrgyzstan include BNB and BTC in the national cryptocurrency reserves. So, why does CZ like Kyrgyzstan so much? What are the characteristics of the country's tax and regulatory system involving crypto assets? This article discusses it for you.

10 news items worth watching this week

• Ethereum Fusaka upgrade plans to introduce PeerDAS to reduce L2 and validator costs

• Tether to launch smart development platform QVAC

• Singapore Court Approves Sonic Labs’ Application to Liquidate Multichain Foundation

• Brazil’s central bank proposes strict regulation of stablecoin transfers

• New York City Mayor Steps Up Crypto Plans Ahead of Crypto Summit on May 20

• Solana Co-founder Proposes Meta Blockchain Concept

• UXLINK proposes strategic investment reserve proposal

• Blast terminates service agreement with Safe

• Layer0 blockchain infrastructure platform Openverse Network completes $11 million strategic round of financing

• AI video generation platform Hedra completes $32 million Series A financing , led by a16z Infra

• Blockchain cloud computing company Nirvana Labs completes $6 million seed extension round of financing , led by Jump Crypto and others

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