1. Technology Headlines

1.1. Rain Launches Multi-Chain Stablecoin Visa Card Supporting Solana, Tron, and Stellar

PANews reported on May 29 that according to CoinDesk, the stablecoin Visa card platform Rain announced that it will add support for Solana, Tron and Stellar networks, allowing projects based on these chains to quickly issue their own branded Visa cards and support stablecoins for global consumption and payment. KAST on Solana and Offramp on the Tron chain have taken the lead in adopting the platform, focusing on instant wallet consumption and the popularization of US dollar payments in Latin America, respectively. Rain has previously supported Arbitrum, Optimism and Polygon, and completed a $24.5 million Series A financing in March.

https://www.panewslab.com/zh/articles/mgnlh6vx

1.2. Vaulta and Fosun Partner to Promote Hong Kong’s Blockchain Financial Infrastructure

PANews reported on May 29 that according to CoinDesk, Vaulta (formerly EOS Network) announced a partnership with Fosun Wealth Holdings, a subsidiary of Fosun International, to promote the construction of blockchain infrastructure in Hong Kong's financial industry. The two parties will focus on the virtual asset platform "FinChain" launched by Fosun. Vaulta will provide the BankingOS system and exSat on-chain banking platform to support asset issuance, revenue generation and encrypted payments, while Fosun will provide financial licenses and RWA issuance capabilities to support the compliance expansion of Web3 financial services.

https://www.panewslab.com/zh/articles/22jv0bvf

1.3. BNB Chain launches exclusive incentive program for RWA (Real World Asset) projects

PANews reported on May 29 that BNB Chain announced today the launch of an incentive program specifically for the RWA (real world asset) track, which aims to provide personalized and comprehensive support for RWA projects that are built or migrated to BNB Chain, accelerating the adoption of RWA and enabling growth. Including but not limited to: technical and compliance guidance; initial liquidity launch and TVL incentives; funding support and marketing focused on growth, customized scalability roadmap, etc.

https://www.panewslab.com/zh/articles/yquu1kxu

1.4. Stimulated by the positive impact of stablecoins, RWA concept stocks collectively hit the daily limit in early trading

On May 29, Longxin Group (300682) and GCL Energy (002015) both hit the daily limit. The stock price fluctuations may be closely related to the recent global stablecoin benefits.

Recently, the United States and Hong Kong, China have almost simultaneously promoted stablecoin legislation. The Hong Kong Legislative Council passed the Stablecoin Bill to establish a licensing system for fiat stablecoin issuers in Hong Kong. The U.S. Senate passed the procedural motion of the 2025 United States Stablecoin Innovation Guidance and Establishment Act (GENIUS Act), attempting to provide federal supervision for dollar-pegged stablecoins. Stimulated by good news, Bitcoin broke through $110,000 to set a record high.

RWA is an important trading scenario for stablecoins. Previously, Longxin Group and GCL Energy successively cooperated with Ant Digital Technology to complete RMB 100 million and RMB 200 million RWA financing.

https://baijiahao.baidu.com/s?id=1833428948079127363&wfr=spider&for=pc

2. Industry News

2.1. U.S. House Republicans formally propose crypto market structure bill

According to BlockBeats, on May 30, according to CoinDesk, the Republican Party of the U.S. House of Representatives formally proposed a new crypto market structure bill, the Digital Asset Market Clarity Act, which is another important crypto regulatory legislation after the 21st Century Financial Innovation and Technology Act (FIT21). The 236-page bill gives the U.S. Commodity Futures Trading Commission (CFTC) the main regulatory power over the digital commodity spot market, and requires crypto platforms to choose to register with the CFTC or SEC according to the type of trading assets.

The core content of the bill includes: allowing crypto platforms to obtain temporary registration qualifications with the CFTC; excluding some DeFi projects and wallet providers from the scope of SEC supervision; prohibiting forced custodians from including customer assets in their own balance sheets; and clarifying that payment-type stablecoins do not fall within the scope of securities. The bill also requires the three major regulatory agencies to complete DeFi regulatory research within one year and authorizes the Government Accountability Office to submit a research report on DeFi and NFT.

https://www.theblockbeats.info/flash/296113

2.2. UK Reform Party leader follows Trump's lead in making UK a cryptocurrency hub

According to BlockBeats, on May 29, Bloomberg reported that Nigel Farage, leader of the British Reform Party, will release a Donald Trump-style cryptocurrency policy plan at the Bitcoin Conference in Las Vegas on Thursday night, trying to attract more support from young British voters.

According to the speech disclosed in advance by the British Reform Party, Farage will announce that if the British Reform Party wins the next British general election, it will submit a new "Cryptocurrency Bill" to Parliament, with the goal of making Britain a "crypto powerhouse."

The bill includes: a sharp reduction in capital gains tax on crypto investments from the current 24% to 10%; a two-year regulatory sandbox to help the City of London innovate in cryptocurrencies; and prohibition of restrictions on related services that accept crypto payments, thereby protecting the rights of consumers using cryptocurrencies.

https://www.theblockbeats.info/flash/296080

2.3. Kazakhstan to launch cryptocurrency payment and application pilot zone

According to BlockBeats, on May 29, according to Cointelegraph, Kazakhstan President Tokayev said that Kazakhstan plans to launch a crypto pilot zone called "CryptoCity" to allow the use of cryptocurrencies to purchase goods and services. The relevant statement was published on the presidential official website on May 29.

Tokayev said at the 2025 Astana International Forum that the pilot zone will explore the adoption of cryptocurrencies in a regulated sandbox environment.

https://www.theblockbeats.info/flash/296092

3. In-depth analysis

3.1. Is parallel computing the best path for native expansion of Web3?

Among all the paths to explore the performance boundaries of Web3, parallel computing is not the easiest one to implement, but it may be the one that is closest to the essence of blockchain. It does not migrate off-chain, nor does it sacrifice decentralization in exchange for throughput, but rather attempts to reconstruct the execution model itself in the atomicity and determinism of the chain, reaching the root of the performance bottleneck from the transaction layer, contract layer, and virtual machine layer. This "native to the chain" expansion method not only retains the core trust model of the blockchain, but also reserves sustainable performance soil for more complex on-chain applications in the future. Its difficulty lies in the structure, and its charm also lies in the structure. If modular reconstruction is the "architecture of the chain", then parallel computing reconstruction is the "soul of the chain". This may not be a shortcut to a short-term clearance, but it may be the only sustainable correct solution path in the long-term evolution of Web3. We are witnessing an architectural transition similar to the transition from a single-core CPU to a multi-core/threaded OS, and the appearance of the Web3 native operating system may be hidden in these parallel experiments within the chain.

https://www.jinse.cn/blockchain/3714780.html