PayPal's USD stablecoin PYUSD allows users to trade and hold on the platform, sparking industry discussions. Although PYUSD is issued based on Ethereum and provides convenience, it also faces technical doubts and practicality controversies. This marks PayPal's further expansion in the encryption space, which could have profound effects on the Crypto Assets industry.

On August 4th, the White House Digital Asset Working Group released a report on cryptocurrency policy recommendations, proposing specific plans regarding market structure, banking regulation, and more. The report emphasizes the need to clarify the regulatory responsibilities of the SEC and the Commodity Futures Trading Commission (CFTC), the latter of which will gain regulatory authority over the spot cryptocurrency market. Edwin Mata, CEO and legal advisor of a certain blockchain platform, stated that clarifying the regulatory scope of the two agencies will help establish a mature and transparent encryption ecosystem. This move can avoid regulatory overlap and ensure consistency in legal interpretation.

The market capitalization of Sequans in the US stock market increased to 178 million USD, rising by 6.40% before the market opened; the market capitalization of Coinsilium Group in the UK stock market fell to 19.4531 million GBP, with a decline of 6.27%. Sequans increased its Bitcoin holdings to 3,157 coins, while Coinsilium Group's subsidiary Forza increased its holdings to 181.96 coins.

On August 4, British listed company Coinsilium Group's subsidiary Forza increased its holdings by 57.54 BTC, bringing the total to 181.96 BTC.

The DeFi market is rapidly developing, with DEX, lending, and stake being mature application scenarios, while emerging applications such as derivatives trading and cross-chain bridges are constantly emerging. Key indicators for evaluating DeFi protocols include total Lock-up Position value, number of users, and market performance, among others. In the future, the industry will see more innovative applications, and enhancing user experience and efficiency will be key to competitiveness.

Tokenization of Gold: Reshaping the On-chain New Paradigm of Safe-Haven Assets
1. Introduction: The Return of Risk Hedge Demand in the New Cycle
Since 2025, geopolitical conflicts have been frequent, inflationary pressures remain, and major economies are experiencing sluggish growth, leading to a renewed demand for safe-haven assets. Gold, as a traditional safe-haven asset, has once again become the focus, with prices reaching new highs and breaking the $3000 per ounce barrier, becoming a safe haven for global capital inflow. At the same time, as blockchain technology accelerates its integration with traditional assets, "tokenization of gold" has become a new trend in financial innovation. It not only retains the value preservation properties of gold but also possesses the liquidity, combinability, and smart contract interaction capabilities of on-chain assets. More and more investors, institutions, and even sovereign funds are beginning to include tokenized gold in their investment portfolios.
2. Gold: The "hard currency" that remains irreplaceable in the digital age.
Despite the fact that humanity has entered a highly digitalized financial era, various financial assets continue to emerge, but