U.S. Core PPI MoM for June

A new chapter in game issuance: How KGeN reshapes user acquisition 1. Introduction The scale of the gaming industry has surpassed that of movies and music, but in recent years it has faced severe challenges. In 2023-2024, the industry encountered waves of layoffs and consolidation, skyrocketing development costs, and significant reductions in investment. Game issuance and distribution have become increasingly difficult, with the proliferation of AI content, platform saturation, and player preference for mature IPs making it harder for new projects to stand out. Nevertheless, there are still huge opportunities in the industry. The purchasing power of the digital native generation will continue to drive market expansion. At the same time, the "Global South" market, which has long been overlooked, is experiencing explosive growth and will become an important incremental market for the gaming industry in the next decade. This report will explore the latest challenges in game issuance, analyze the high-growth opportunities in the "Global South," and focus on KGeN - a blockchain-based gaming platform aimed at reshaping the incentive mechanisms between publishers and players. We also

Kaia Ecological Evolution: On-chain Growth Paradigm Centered on Mini Dapp 1. Overview of the Kaia Blockchain Ecosystem 1.1 Background and Team Kaia is a new ecosystem formed by the merger of the blockchain projects Klaytn and Finschia, led by the two tech giants Kakao and LINE. Klaytn was launched in June 2019 by Ground X, a blockchain subsidiary of the Kakao Group, with early governance consortium members including well-known South Korean companies such as LG Electronics, Celltrion, and Netmarble. Finschia was launched in August 2018 by LINE through its blockchain subsidiary LINE TECH PLUS and was renamed in 2022. In August 2024, the two chains officially merged, launching the brand new Kaia mainnet, established by the newly created Kaia.

1. Market Overview 1.1 Cryptocurrency Market Fundamentals In 2024, the total market capitalization of the cryptocurrency market grew from $2.31 trillion to $3.33 trillion, an increase of 44.2%. This growth was driven by factors such as the approval of spot Bitcoin ETFs and Trump's re-election as president. Bitcoin's dominance rose to 56.8%, and ETF assets doubled. Ethereum ETFs performed relatively flat. Solana shone brightly, with SOL prices increasing by 29.3% and a net inflow of $2 billion into the ecosystem. The DeFi market share has expanded, with the total locked value doubling compared to the beginning of the year. The ratio of DEX to CEX trading volume has increased from 9.37% to 11.05%, with an annual trading volume reaching $2.67 trillion. Solana and Base in DeFi.

The Kaia ecosystem is formed by the merger of Kakao and LINE's blockchain projects, aiming to create a high-performance L1 public chain to promote the development of Web3 applications. It facilitates ecological construction through the Kaia Wave program and Mini Dapp, and collaborates with Tether to launch a stablecoin. Kaia focuses on developer support and community building, successfully incubating multiple outstanding projects, such as the Web3 gaming ecosystem Elderglade, and actively promoting the popularization of blockchain applications.

Abstract Chain Panorama Analysis: How to Build a Public Chain Ecosystem for End Users? Abstract Abstract Chain will launch in January 2025 as a user-centric blockchain dedicated to promoting the mass adoption of cryptocurrency technology and building an accessible and engaging platform. Abstract Chain offers a good user experience brought by native account abstraction, and leverages the established fan base of Pudgy Penguins and $PENGU, with its unique user structure providing differentiated value. The growth strategy of Abstract revolves around building a digital entertainment theme park: it has its own portal platform that integrates live streaming and a rewards system to attract application developers into the ecosystem. This live streaming platform has attracted over 10,000 streamers.