A “golden cross” technical signal appears in the market, and the fundamentals and price action are moving in a positive direction together. The momentum for building Web3 applications continues to strengthen, and the broader market has officially begun to recover.

An overview of the three main themes:

✅ RWA gradually encroaches on traditional finance

・￥$ONDO ：Advancing the rollout of BlackRock’s intelligent portfolio product

・$LINK ：Sergey joins the CFTC advisory committee

・$HBAR ：Integrated Ownera to enable cross-system interoperability

・$XLM：RWA collateralization surpasses $3.3 billion

✅ AI × Web3 sector accelerates into a breakout phase

・ICP：Deep research collaboration with Carnegie Mellon University on the WASM direction

・TAO：Bittensor teams up with Chutes AI and research teams from Harvard University

・NEAR：Intents system directly connects with Ondo’s tokenized stocks

・RENDER：Launches the second DePIN compute subnet, Dispersed‑AI

✅ DeFi summer market conditions return

・AERO：PGF again acquires and locks 34,000 tokens

・AAVE V4 total deposits exceed $1 billion

・HYPE’s open OI sets a new all-time high of $18 billion

・SOL tokenized equity holders surpass 1 million