InfiniSVM is a technology that optimizes the Solana Virtual Machine through hardware acceleration, aiming to process millions of transactions per second. This innovative scaling solution maintains global state consistency while enhancing transaction processing capabilities through specialized hardware and microservice architecture, addressing Solana's performance bottlenecks under high load, and laying the foundation for its future development.

The New Normal of the Crypto Assets Market: The Era of Multiple Cycles in Parallel
Recent discussions with industry veterans have revealed an important trend: the traditional "four-year cycle" theory is no longer applicable to the current Crypto Assets market. If investors continue to cling to outdated concepts, expecting simple bull market profits, they are likely to be discarded by the market.
The current field of Crypto Assets has evolved into a complex situation where four distinctly different cycles are running simultaneously, each with its own unique rhythm, strategy, and profit logic.
The Super Cycle of Bitcoin: Institution-Led Long-Term Growth
Bitcoin has transformed from a purely speculative object into an asset for institutional allocation. The scale of capital and allocation logic brought by Wall Street, listed companies, and ETFs has completely changed the traditional "bull-bear alternating" model.
The key change is that retail holdings have significantly decreased, while institutional funds represented by certain technology companies have entered the market in large amounts. This change in holding structure is the root of the matter.

According to reports, S&P Dow Jones Indices ( S&P DJI ) is in talks with mainstream exchanges and Decentralized Finance protocols to launch blockchain-based tokenization index products. Company executives stated that the first batch of products may include tokenized versions of the S&P 500 Index and the Dow Jones Industrial Average.
The company previously collaborated with a certain protocol to launch an on-chain index fund based on the S&P 500. Data shows that as of the end of July, the total market value of tokenized financial products has reached 370 million USD.

The Aptos community is embroiled in controversy due to the AIP-119 proposal to drop staking rewards. Supporters believe it will help curb inflation and enhance ecological liquidity, while opponents worry it undermines decentralization and the survival of small validators. The governance dilemma is reflected in the balance between incentives and inflation. Aptos needs to think about how to increase network activity and attract quality projects to build a sustainable ecosystem.

The recent BTC four-hour Candlestick shows a slight price fluctuation, with a decrease in market volume and reduced activity. The technical indicator analysis shows no obvious trend, providing multiple buy and sell points, while indicating the recent support level and resistance level.

South Korean crypto exchange faces hefty fines, France proposes using excess nuclear power to mine Bitcoin, and the UK calls for a ban on cryptocurrency political donations. USDT circulating supply hits a new high, while net inflows into Ethereum and Bitcoin ETFs also reach new peaks. Large exchanges launch new social applications, and institutions actively increase their holdings in Ethereum and position themselves in crypto assets.

Aptos ecosystem growth has stagnated, facing community doubts and a crisis of executive departures. Despite capital support, its development relies on a "resource-driven" model, resulting in limited real user growth. The effects of the ecosystem support plan have been poor, and future sustainable development remains to be observed.

S&P Dow Jones Indices is collaborating with longer to launch tokenized benchmark index products aimed at establishing a transparent, secure, and compliant trading infrastructure, initially focusing on the S&P 500 index, with potential expansion to the Dow Jones Industrial Average and others.

Recently, the Crypto Assets market has shown a divergence in performance, with Ethereum standing out, and institutional investors actively buying Bitcoin. The US SEC has approved applications related to Crypto Assets ETP, while Hong Kong and Indonesia have strengthened regulations. On the project side, multiple financing and Airdrop activities are ongoing, and institutions are also increasing their holdings of Crypto Assets.

The South Korean financial regulatory agency will allow non-profit organizations and exchanges to sell virtual assets in 2025 and establish new regulations. A U.S. senator is calling for a suspension of the digital asset regulatory bill review, while Indonesia has paused Worldcoin-related licenses. Israel's eToro plans to go public on NASDAQ, and stablecoin issuer Tether will launch a new project, Tether.ai. Market data shows a net outflow of 15,700 Bitcoins from exchanges. In terms of security risks, French police successfully rescued a father of a kidnapped crypto millionaire.

In recent months, Crypto Assets companies have gradually dominated the IPO market, especially stablecoin issuer Circle and exchange Bullish. Gemini plans to go public on Nasdaq, despite facing losses and declining revenues. The company will use the proceeds from the IPO for operations and debt repayment, while launching new products to expand its market influence.