New Infrastructure Wave: Analyzing Opportunities and Challenges in the DePIN Track
1. Introduction: What is DePIN
DePIN stands for Decentralized Physical Infrastructure Network, which encourages users to share personal resources through token incentives to build an infrastructure network, including areas such as storage space, communication bandwidth, cloud computing, and energy.
In short, DePIN decentralizes the infrastructure originally provided by centralized companies and distributes it to numerous users around the world in a crowdsourced manner.
According to data, the current market value of the DePIN field has reached 5.2 billion USD, surpassing the 5 billion USD of the oracle field, and is showing a continuous upward trend. From the early Arweave and Filecoin, to the last bull market's Helium, and the recently highly regarded Render Network, all belong to this field.
The recent resurgence of interest in DePIN is mainly due to three reasons:
1

Cosmos Hub is exploring a diversified consumer chain onboarding mechanism to enhance Blockchain security and solidify its market position. Discussions include fully permissionless and lightweight permissioned solutions, as well as a "Top-N" model aimed at creating a flexible and secure multi-chain ecosystem. These new strategic layouts will drive the value of ATOM and bring new insights to the Blockchain industry.

ZetaChain: Building a fully interoperable ecosystem for free asset transfer.
In the wave of the multi-chain era, numerous public chains are emerging, but they also face the challenges of liquidity retreat and capital depletion. Some public chains rely on cross-chain bridges to introduce assets, and when security issues arise with these cross-chain bridges, the ecosystems of these public chains suffer severe blows, ringing alarm bells for the entire industry.
Against this background, ZetaChain has emerged. As a forward-looking omnichain interoperability platform, ZetaChain is dedicated to addressing the issues of fragmentation and limitations within the existing blockchain ecosystem. By seamlessly connecting assets and data across different blockchain networks, ZetaChain opens up new possibilities for the development and operation of decentralized applications (DApps).
The core team of ZetaChain consists of senior experts from well-known companies in the blockchain industry. These

Liu Bin from the Pudong Research Institute for Reform and Development pointed out that China should promote the international application of the digital RMB and strengthen financial cooperation between Shanghai and Hong Kong, promoting Hong Kong to issue offshore RMB stablecoins to address the challenges brought by USD stablecoins.

1RT Acquisition Corp. plans to raise $150 million through an IPO and will be listed on NASDAQ on July 2, with the stock code "ONCHU". The company will engage in various forms of business combinations to expand in the Crypto Assets, Blockchain, and fintech sectors.

Recent reports indicate that the price movement of Bitcoin is narrowing, reflecting a slowdown in on-chain activity and derivatives trading, with a decrease in spot trading volume and open contracts, as the market is shifting to a consolidation phase. The key support level for short-term holders is at $98,700, and the performance in the third quarter is typically weak, so it is important to follow macroeconomic events or favourable information regarding ETFs in the future.

On July 2, Robinhood CEO Vlad Tenev shared the on-chain trading of OpenAI's stock Token (o). Robinhood Deployer: 0xcB…f556 has minted 2,309 o stock Tokens on Arbitrum.
In addition, according to data, Robinhood Deployer: 0xcB…f556 has deployed a total of 213 Tokens on Arbitrum or is conducting related tests, spending only 0.00233 ETH (approximately 5 USD) in total, with an average transaction cost of 0.03 USD. Previously, Robinhood EU announced the launch of the world's first Token for unlisted company stocks, including OpenAI and

On July 2, a certain DEX announced that its points Airdrop for the second season is now live, the passive points mechanism has been canceled, and only real DeFi activities will count towards points. By trading and providing Liquidity (LP) with Allowlist assets on the platform, you can earn points.
The loyalty multiplier and yield scoring will bring higher airdrop returns to users of the platform—this platform accounts for 85% of the entire network's revenue.

If Bitcoin falls below $104,000, the long order liquidation intensity on mainstream trading platforms will reach $1.137 billion; if it breaks through $107,000, the short order liquidation intensity will reach $442 million. This reflects the impact of price fluctuation on market liquidity.

Hong Kong has made progress in establishing a Web3 center, but it needs to balance regulation and innovation. Despite facing issues such as inadequate technical infrastructure and regulatory flexibility, Hong Kong still has development opportunities, especially in the areas of digital assets and Blockchain applications.

The Ethereum Foundation discussed its technological innovations, organizational structure evolution, funding management strategies, and future application trends in an interview. While successfully transforming into an attestation mechanism, the foundation is optimizing its internal functions and diversifying its financial management, demonstrating a mature posture. Furthermore, the foundation is well-positioned in its role, willing to relinquish power at the appropriate time to lay the groundwork for the long-term development of the ecosystem.