1. Technology Headlines

1.1 Ethereum Foundation Releases "Lean Ethereum" Development Vision for the Next Decade

Ethereum Foundation (EF) researcher Justin Drake has published a ten-year vision for "lean Ethereum" development. The main objectives of the plan include: expanding the base layer transaction throughput to 10,000 transactions per second (TPS), scaling layer-two networks to 1 million TPS, while maintaining decentralization and 100% uptime. Additionally, Ethereum will undergo significant upgrades across the consensus layer, data layer, and execution layer, including upgrading the Beacon Chain to version 2.0, introducing post-quantum era Block 2.0, and potentially developing EVM 2.0 based on the open-source RISC-V instruction set. In terms of cryptography, the system will entirely rely on hash-based signatures, hash root data commitments, and native hash zero-knowledge virtual machines to achieve quantum-resistant capabilities.

https://foresightnews.pro/news/detail/79838

1.2 Coinbase Aims to Become the "Exchange for Everything"

According to media reports, the largest cryptocurrency exchange in the United States, Coinbase, is planning an ambitious strategic transformation, with all assets going on-chain! The company's CEO, Brian Armstrong, recently announced on the social platform X that Coinbase will become a "Universal Exchange," planning to move all assets, including stocks, derivatives, and prediction markets, onto the blockchain for trading.

https://foresightnews.pro/article/detail/88621

1.3 Citigroup, JPMorgan Chase, Goldman Sachs, and SBI Group lead traditional financial institutions in deploying blockchain technology

According to BlockBeats news on August 3, as reported by Cointelegraph, a recent report jointly released by Ripple, CB Insights, and the UK Blockchain Technology Centre shows that Citigroup, JPMorgan Chase, Goldman Sachs, and Japan's SBI Group have become the most active representatives of traditional financial institutions supporting blockchain startups.

https://www.theblockbeats.info/flash/305736

2. Industry News

2.1 Chief Executive of the Hong Kong Monetary Authority: Hong Kong's growth momentum in the digital asset sector will continue

According to BlockBeats, on August 4th, Eddie Yue, Chief Executive of the Hong Kong Monetary Authority, announced that as of mid-July 2025, 22 banks had been approved to sell digital asset-related products, 13 banks had been approved to sell tokenized securities, and another five banks had been approved to provide digital asset custody services. In the first half of 2025, the total transaction volume of bank digital asset-related products and tokenized assets reached HK$26.1 billion, a 233% increase from the same period last year, and has already exceeded the total transaction volume for the entire year. With several asset management companies also announcing plans to launch tokenized products, and the government actively promoting the issuance of tokenized bonds, it is believed that Hong Kong's growth momentum in the digital asset sector will continue, bringing new impetus to the development of Hong Kong's wealth management business. (Jinshi)

https://www.theblockbeats.info/flash/305759

2.2 The Hong Kong "Stablecoin Regulation Draft" has officially come into effect.

Golden Finance reported that Hong Kong's Stablecoin Bill officially came into effect on August 1st. This bill establishes a licensing system for fiat-denominated stablecoin issuers in Hong Kong, improving the regulatory framework for virtual asset activities in the city to maintain financial stability and promote financial innovation. Under the Stablecoin Bill, anyone who issues a fiat-denominated stablecoin in Hong Kong, or a fiat-denominated stablecoin purportedly pegged to the Hong Kong dollar in Hong Kong or abroad, in the course of their business, must apply for a license from the Monetary Authority. Such persons must comply with requirements for reserve asset management and redemption, including proper segregation of client assets, maintaining a robust stability mechanism, and processing redemption requests from stablecoin holders at par under reasonable conditions.

https://www.jinse.cn/lives/469587.html

2.3 U.S. SEC Launches "Crypto Project" Initiative, Aimed at Updating Securities Rules and Regulations

The U.S. Securities and Exchange Commission (SEC) has launched the "Crypto Project" initiative, aimed at updating securities rules and regulations to enable the on-chain transformation of U.S. financial markets.

https://foresightnews.pro/news/detail/79825

2.4 CBOE Suggests Simplifying the Listing Process for Cryptocurrency ETFs

According to official news, the Chicago Board Options Exchange (CBOE) has submitted a new proposal, suggesting that cryptocurrency ETFs that meet standardized requirements could bypass the case-by-case approval process of the U.S. Securities and Exchange Commission (SEC) and achieve automatic listing. The proposal states that ETFs would qualify if the crypto assets have been traded in futures markets on regulated markets for at least six months. The proposal also requires collateralized ETFs to develop liquidity risk management plans when more than 15% of the ETF's assets are not immediately redeemable.

https://www.panewslab.com/zh/articles/qg4th1qk

3. In-depth analysis

3.1 From the United States to Hong Kong, stablecoin regulation has entered the "national race" stage

The United States has released a 168-page "Digital Asset Strategic Report," which for the first time classifies stablecoins as core financial infrastructure and delineates regulatory boundaries for decentralized finance (DeFi) and self-custody, aiming to eliminate the uncertainties that have previously stifled innovation. Meanwhile, Hong Kong officially opened applications for stablecoin licenses on August 1, with its "high and narrow" standards aimed at ensuring a robust and orderly market launch.

https://www.theblockbeats.info/news/59186