Exploring DAO Governance: A New Social Model Experiment in Power Decentralization
Although DAO governance is not a brand new concept, it is highly regarded in the crypto space. To delve into DAO governance, we first need to understand the evolution of governance in the real world.
The Origin and Development of Governance
The term governance originates from classical Latin, initially meaning control, guidance, and manipulation, referring to the exercise of authority within a specific scope. It involves a political process of reaching consensus or obtaining recognition in areas where different interests coexist, in order to implement a certain plan. Originally, governance was primarily a tool of the government used to regulate governmental behavior.
After the 1990s, with the growth of various types of social autonomous organizations and their increasing impact on public life, the theoretical community began to rethink the relationship between government and market, and between government and society. During this period, the field of public administration gradually emerged, and the concept of governance began to enter the public eye.
The history of power decentralization

Fucai Jinke announced that its wholly-owned subsidiary has signed a protocol with a compliance consultant to apply for virtual asset service licenses and asset management licenses, covering both traditional and virtual asset management businesses. The consultant will assist in business review and material preparation.

The article warns virtual money investors through two stories: The first person, burdened with debt due to blind speculation and excessive leverage, emphasizes the importance of rational investment; the second person, who nearly suffered losses due to a leaked mnemonic phrase, reminds the necessity of properly safeguarding sensitive information. These cases highlight the importance of rationality, caution, and security awareness in digital money investment.

Recently, the U.S. Securities and Exchange Commission ( SEC ) has significantly increased its regulatory efforts in the Crypto Assets sector, frequently holding hearings and initiating multiple charges and fines. This trend seems to be related to Facebook's launch of the Libra project, which has triggered heightened attention from regulatory agencies toward Crypto Assets.
On September 24, the U.S. Congress held a hearing on the regulation of Crypto Assets and Libra. SEC Chairman Jay

2023 Crypto Assets Industry Conference Summary and Insights
This year, I mainly attended some private meetings, with only Breakpoint being a public event. Here are some of my observations and thoughts on the current industry situation:
First-tier investment institutions face severe challenges.
Most tier-one investment institutions are generally facing difficulties. Many institutions hold a large number of unlisted or listed but not yet unlocked coins, the value of which has significantly decreased. Over-the-counter trading institutions report that many trades are difficult to find buyers.
The fundraising scale of the new fund has also significantly shrunk, and the actual funds received may only be one-tenth of what was publicly claimed. Compared to the previous round where financing was often in the hundreds of millions of dollars, the current situation forces institutions to increase the investment amount for individual projects, raising valuations and creating a batch of highly valued projects that are difficult to realize.
It is worth noting that many tier-one institutions have expressed interest in entering the incubation field. However, the staffing and capabilities of these institutions are not aligned with

Sui has recently made significant upgrades to its funding program by launching a Request for Proposals (RFP) mechanism. This new initiative represents a major development in the Sui funding program and opens up broader avenues for supporting innovative projects within the ecosystem.
The introduction of the RFP plan aims to better support developers and ecosystem participants by providing a structured framework for development, strategic alignment, and collaboration. By clearly articulating the needs of the ecosystem, the RFP mechanism enables the foundation to more effectively support developers in creating tools and projects that meet these needs. Each RFP is carefully designed to ensure that the use of funds aligns with the needs of the ecosystem, allowing each grant to make a substantial contribution to the advancement of Sui.
The operation of this plan follows a structured process:
1. Submit Application: Interested candidates can submit their applications before the deadline of each RFP by visiting

Chromia has launched an incentivized testing program, marking an important step towards the Mainnet release. The program includes three sub-projects, with total rewards of up to 250,000 CHR, aimed at testing network security, encouraging developer and community interaction, laying the groundwork for the future Mainnet, and promoting the development of Blockchain technology applications.

[Coin World] Thu Lan Nguyen, an analyst at Deutsche Bank, stated in a report that if unstable and unpredictable U.S. policies make foreign investors reluctant to purchase U.S. Treasury bonds, the dollar may weaken. She pointed out that foreign investors have historically provided capital to the U.S., driving its wealth rise, but if they reduce investments due to concerns over lower returns, it could trigger a deleveraging process accompanied by a significant depreciation of the dollar.

Taproot Consensus is a layer two solution based on Bitcoin technology, combining Schnorr signatures, MAST contracts, and SPV node networks, enhancing the efficiency, security, and privacy of Bitcoin. It supports up to 1000 signature addresses while achieving intelligent management and complete decentralization, becoming the most native Bitcoin layer two network solution.

On August 11, according to reports, the well-known video sharing platform and cloud service provider Rumble announced on Monday that it plans to acquire the Bitcoin miner and high-performance computing expert Northern Data for a potential transaction value of 1 billion euros (1.17 billion dollars).
Under the full stock trading plan, Northern Data shareholders can exchange each share for 2.319 newly issued Class A shares of Rumble – if all shares are delivered, Northern Data shareholders will collectively hold approximately 33.3% of Rumble. As the majority shareholder with a 54% stake in Northern Data, stablecoin giant Tether has expressed its support for the transaction and promised to sign a multi-year agreement after the deal is completed.

Recent reports have focused on the regulation and security risks of stablecoins, revealing the actual threats faced by on-chain assets, especially significant financial losses caused by mismanagement of Secret Keys and price decoupling, emphasizing the importance of security management and market confidence for the stablecoin ecosystem.

Signs of recovery are emerging in the NFT market, with the return of star players attracting follow.
In 2021, the NFT market experienced a surge driven by the celebrity effect. To this day, some previously active celebrities have returned to this field, bringing new stories and investment strategies. Meanwhile, there are signs of a rebound in NFT market trading volume, and the number of buyers is also increasing. However, is this apparent recovery truly the arrival of spring, or just an illusion in the midst of winter?
The NFT market is undergoing structural changes.
Currently, the NFT market presents some contradictory data. In the long term, some analytical institutions remain optimistic about the market outlook, predicting that this year's market size is expected to exceed hundreds of billions of dollars. However, the market performance in the short term has not been satisfactory. Reports show that the total NFT transaction volume in the second quarter of this year decreased by nearly 29% compared to the previous quarter.
Nevertheless, this apparent tide of retreat has not triggered the market.

Recently, the price of Bitcoin has experienced a strong rebound, breaking through the $10,000 mark, with an increase of over 45%. This round of rise is driven by halving expectations and the influx of safe-haven funds, but the market is highly volatile, and investors need to participate cautiously, being aware of potential risks. Other mainstream tokens have also generally risen, indicating the prosperity of the crypto assets market.

The Role and Challenges of Venture Capital in the Crypto Assets Field
Recently, there has been much discussion within the Crypto Assets industry regarding the role of venture capital ( VC ). On one hand, there are critical voices in the community about the so-called "VC coins"; on the other hand, there are also many reports about VC rights protection and shutdowns. In fact, the VC industry has always had a high elimination rate, and this is not a phenomenon that has only appeared recently.
The VC Phenomenon Under the ICO Boom
2017 was the inaugural year for Crypto Assets VC, with over 100 VC firms established in the Shanghai region alone. The barrier to entry was extremely low; one only needed an offshore entity that could sign documents and make external payments to claim the title of Token Fund. Nationwide, the number of VCs could reach several hundred. However, just a few years later, many VCs are no longer active. This rapid rise and fall reflect the harshness of the industry.
Common Misunderstandings About VC
Retail investors often have a view on VC