The Travel Rule aims to enhance the transparency of blockchain transactions by requiring virtual asset service providers to obtain and submit information about both parties involved in the transaction, helping to identify suspicious transactions and prevent financial crime. Despite facing uneven implementation and compatibility issues, its global adoption is still accelerating, laying the foundation for a compliant blockchain financial ecosystem.

At the Web3 event in Hong Kong, two CEOs delved into the anti-inflation capabilities of Bitcoin and the prospects of combining AI with Blockchain. A CEO of an investment company predicted that the price of Bitcoin could reach $1.5 million by 2030, emphasizing that AI and Blockchain will bring transformation to the gaming sector. At the same time, she praised Hong Kong's regulatory practices and suggested that other regions follow suit to promote the development of digital assets.

Stripe's acquisition of the stablecoin API company Bridge.xyz for $1.1 billion reflects the importance of stablecoins in Web3 payments. Bridge provides businesses with stablecoin payment integration services, making it easy for users to use stablecoins. This move will accelerate Stripe's encryption payment strategy and further drive innovation and transformation in the financial sector.

The article discusses the development of blockchain technology and the limitations it faces, analyzing the differences in the data scale of major public chain nodes. Solana seeks a balance between performance and decentralization, while Bitcoin's design takes into account the limitations of hardware development. The article points out that the actual circulating scale of the on-chain economic system may be lower than its total market capitalization, and that the current blockchain ecosystem is approaching the upper limit of a certain scale law, requiring rethinking and innovation for future development.

Hong Kong will hold a high-end forum on July 3, 2025, to launch the RWA Bridge Program, promoting the integration of new digital asset policies with TradFi. The forum will discuss Compliance and innovation, emphasizing the role of stablecoins in asset Liquidity, and is expected to facilitate the digitalization of existing assets and financial innovation, consolidating Hong Kong's position as a global center for tokenization of assets.

Crypto market weekly report: BTC fluctuates at a high level, waiting for a breakthrough.
This week, the price of BTC fluctuated around $108,000, reaching a maximum of $110,590 and a minimum of $105,119.70, with an amplitude of 5.05%. Overall, the market was relatively calm this week, with macro factors still being the main influencing forces, but no significant changes beyond expectations occurred.
It is worth noting that an ancient giant whale holding over 80,000 BTC, which had been silent for 14 years, has started to move its assets, bringing some psychological pressure to the market. As the price of BTC approaches its historical high again, the trend of long-term holders reducing their holdings may re-emerge.
On the other hand, some positive signals are also emerging. After more than a month of silence, the activity level of funds in the market has begun to rise. This activity may resonate with off-market funds, driving BTC to initiate the fourth wave of this bull market.
Macroeconomic environment analysis
This Wednesday, three major macro events intertwined.

An investor known as the "insider Whale" has been continuously engaging in high-risk rollover operations in the past, with a short order market capitalization reaching $300 million, and has been shorting multiple Crypto Assets, with a floating profit of approximately $7 million. This strategy has attracted market attention, reflecting the high-risk nature of the Crypto Assets market.