Web3 Industry Weekly Report: Highlights from Week 5 of June 2025
1. Technology Headlines
1.1Ant Digits: Opening up four core technologies in Hong Kong to support the development of digital assets
Ant Financial announced that it will open four self-developed technologies to the Hong Kong market - Layer2 network, large model development tools, "blockchain + IoT" trusted architecture and Web3 wallet technology, to provide full-line technical support and services for Hong Kong to build a global digital asset innovation center in response to the Hong Kong government's recently released "Hong Kong Digital Asset Development Policy Declaration 2.0".
https://inews.hket.com/article/3971940
1.2Crypto development platform Crossmint and Visa partner to enable AI-driven on-chain payments using tokenized credentials
PANews reported on June 29 that according to an official announcement, the crypto development platform Crossmint has reached a cooperation with Visa to use tokenized credentials to implement AI-driven on-chain payments. The cooperation between Crossmint and Visa Intelligent Commerce will enable AI agents to conduct secure and seamless shopping on behalf of consumers.
https://www.panewslab.com/zh/articles/iv439c3g
1.3Tether CEO: PearPass has started testing and will support mobile, desktop and browser extensions
According to BlockBeats, on June 29, Paolo Ardoino, CEO of stablecoin issuer Tether, announced on the X platform that the open source password manager PearPass has started testing and will soon be open source on the platform.
It is reported that PearPass is a completely local open source password manager that does not require cloud services or servers. It only manages keys independently and supports secure storage on devices. Paolo Ardoino revealed that PearPass will support mobile and desktop versions, and will also launch browser extensions.
https://www.theblockbeats.info/flash/300422
1.4Fiserv to launch FIUSD, a US dollar stablecoin, with PayPal and Circle
According to BlockBeats, on June 28, financial services company Fiserv announced that it will work with PayPal and Circle to launch its self-issued dollar-backed stablecoin FIUSD. The token is expected to be officially released before the end of the year. It will initially run on the Solana blockchain and be integrated with Fiserv's core banking platform Finxact.
The partnership aims to expand the reach of digital asset services through Fiserv’s vast network of more than 10,000 financial institutions and 6 million merchants. FIUSD is designed to enable seamless payment settlement, remittance and invoice reconciliation through tokenized U.S. dollars.
Fiserv is a financial services technology company with a market value of $95.546 billion. It focuses on providing payment and fintech solutions to financial institutions and merchants. It provides a range of products and services, including account processing, digital banking, payment processing, merchant services, and a variety of technology solutions that support the operations of financial institutions and merchants. Fiserv is headquartered in Wisconsin, USA, with operations around the world.
https://www.theblockbeats.info/flash/300379
2. Industry News
2.1Hong Kong Financial Secretary: Stablecoins have the potential to revolutionize payment and capital market activities, including cross-border payments
PANews reported on June 29 that Hong Kong SAR Government Financial Secretary Paul Chan Mo-po said in a statement that financial technology has great potential in cross-border trade applications, and the goal is to solve the long-standing pain points of slow cross-border payments and high costs, and better serve the real economy in the field of payments. The Digital Asset Development Policy Declaration 2.0 released last week has one of the four pillars, "Promoting Application Scenarios and Cross-Sector Cooperation", which mentions that stablecoins are cost-effective alternatives to the traditional financial system and have the potential to bring changes to payment and capital market activities, including cross-border payments. The law on stablecoins will take effect on August 1 this year. The SAR government and financial regulators will strive to create a favorable market environment, with necessary regulatory measures, to encourage issuers to promote the application of stablecoins to different scenarios, helping to solve the real pain points in business and even in the lives of citizens.
https://www.panewslab.com/zh/articles/znsm7epb
2.2Shanghai: Using blockchain technology to enable international logistics and multimodal transport collaboration
The Shanghai Municipal Commission of Commerce and ten other departments and units issued the "Several Measures for the Special Action to Promote Cross-border Trade Facilitation at Shanghai Port in 2025". Shanghai Port is scheduled to carry out this year's special action to promote cross-border trade facilitation at Shanghai Port from now until the end of August 2025, and continue to promote the reform of the business environment in the field of international trade. It is proposed to optimize the logistics and transportation network of Shanghai Port. Relying on systems such as the International Container Transport Service Platform (MaaS), blockchain technology is used to enable international logistics and multimodal transport collaboration. Accelerate the development of the "one order system" and "one box system" for multimodal transport. Promote the construction of the inland waterway transport system and accelerate the creation of direct river-sea channels. Continue to promote regulatory models such as "linked loading and unloading" and "departure confirmation" to improve regional logistics efficiency.
https://www.jinse.cn/lives/463826.html
2.3Brazil’s Central Bank to Launch Consultation on Digital Asset Accounting Rules
Golden Finance reported that the Central Bank of Brazil will launch a public consultation on digital asset accounting rules on August 24, aiming to update the accounting treatment of digital assets held by companies. The new rules will establish different accounting standards based on the source of assets (such as purchases, pledge rewards or airdrops), requiring monthly reassessment at fair value.
https://www.jinse.cn/lives/463634.html
3. In-depth analysis
3.1Why are CEXs flocking into DeFi?
As early tokens are increasingly launched on decentralized exchanges (DEX), centralized exchanges face listing delays (lost trading volume and revenue) due to regulatory audits. On-chain services enable them to participate in early token flows and retain users without formal listings. Platform boundaries are currently blurring, and exchange tokens are evolving from fee discount tools to core assets that connect centralized and decentralized ecosystems. Some DeFi protocols may be absorbed into larger CEX-dominated networks, accelerating the formation of an integrated hybrid market.
https://www.panewslab.com/zh/articles/rhajtiln
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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