Web3 Industry Weekly Report: Highlights from Week 2 of April 2025

Tech Headlines

1. Hong Kong SFC Approves Virtual Asset Staking, HashKey Exchange Granted Approval to Launch Ethereum ETF Staking Services

https://foresightnews.pro/news/detail/70287

Foresight News reports that the Hong Kong Securities and Futures Commission (SFC) officially issued a notice on April 7, providing regulatory guidance to licensed virtual asset trading platforms regarding staking services and offering instructions to SFC-authorized funds investing in virtual assets (virtual asset funds) on participating in staking activities. Virtual asset exchange HashKey Exchange received approval from the Hong Kong SFC on April 10, becoming one of the first exchanges in Hong Kong permitted to offer staking services.

2. Tether May Launch a New Stablecoin Exclusively for the U.S. Market

https://www.jinse.cn/lives/450431.html

Golden Finance reports that Tether may introduce a new token specifically for the U.S. domestic market. Tether CEO Paolo Ardoino stated in an interview that the company has been involved in discussions regarding U.S. stablecoin regulations and may create a U.S.-only token, depending on the progress of these discussions.

3. Tether Plans to Launch AI Platform in June or September, Potentially Competing with OpenAI

https://www.jinse.cn/lives/450834.html

Golden Finance reports that Tether CEO Paolo Ardoino revealed in a recent Forbes interview that while the company’s U.S. stablecoin plans remain in early and uncertain stages, they are diversifying into AI. Tether aims to launch an AI platform in June or September this year, which will serve as a peer-to-peer alternative to models like OpenAI. The platform will allow users to control their own data and perform all inferences locally, executing complex AI logic on their own devices without sharing data with ChatGPT.

Industry Dynamics

1. MIIT Releases 2025 Standards Work Plan, Aiming to Improve Blockchain and Other Next-Gen IT Standards

https://foresightnews.pro/news/detail/70054

Foresight News reports that the Ministry of Industry and Information Technology (MIIT) issued a notice on the 2025 Industrial and Information Technology Standards Work Plan. The notice proposes optimizing standards for next-generation information technologies such as cloud computing, big data, blockchain, and BeiDou navigation, while coordinating the development of foundational, technical, product, application, and security governance standards to support breakthroughs in integrated next-gen IT applications.

2. SEC and Ripple Reach Preliminary Settlement Agreement, File Joint Motion to Suspend Appeal Process

https://www.jinse.cn/lives/451144.html

On April 11, former U.S. federal prosecutor James K. Filan disclosed that the SEC and Ripple jointly filed a motion with the U.S. Court of Appeals for the Second Circuit to suspend their appeal and cross-appeal proceedings, citing a "proposed settlement agreement in principle" pending SEC committee approval. If approved, the parties will seek a confirmatory judgment in district court. The court has canceled the original April 16 deadline for submitting briefs. This motion signals that the case may soon reach a final settlement.

3. Unichain Announces NYC Hackathon Winners: AnyPrice, Swoupon, and Milady Bank

https://foresightnews.pro/news/detail/70321

Foresight News reports that Unichain has unveiled the winners of its NYC Hackathon. First-place winner AnyPrice enables dApps on the Superchain to fetch real-time prices from oracles on other chains via Optimism’s L2 messaging. Second-place Swoupon is a liquidity pool reward system where users can redeem free trades with points. Third-place Milady Bank is a lending protocol built using Uniswap V4 Hooks, designed to offer users optimized interest rates.

In-Depth Analysis

1. a16z Partner: Stablecoins—Money’s "WhatsApp Moment"

https://www.jinse.cn/blockchain/3712142.html

The global financial system today resembles a patchwork of corporate networks—centralized, closed, and extractive. Behind every transaction lies a complex web of intermediaries. Stablecoins—cryptocurrencies pegged to stable assets like the U.S. dollar—are emerging as a solution. They represent a system reset, restoring the original ethos of the internet to the monetary system.

2. Vitalik: Why Speed Up L2 Confirmations? And How?

https://www.jinse.cn/blockchain/3711903.html

On April 8, 2025, Ethereum founder Vitalik delivered a keynote speech at the Hong Kong Web3 Carnival Summit. Currently, exiting Optimism or Arbitrum requires a one-week withdrawal period, which creates numerous issues.


Disclaimer: The information provided in this document is based on publicly available market data and industry trends, and is for reference only. Please note that this information does not constitute any form of investment advice or recommendation, nor should it be considered as the basis for buying or selling any financial products or services. In case of any translation errors in English, inaccuracies, or situations requiring further clarification, please contact us through 'Contact Us' so that we can verify and make necessary corrections in a timely manner.

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