EIA Refined Oil Inventory in the U.S. for the week ending August 1

The Kaia public chain has recently gained attention due to the performance of its Token and plans to launch a Korean won stablecoin in response to new policies in South Korea, attracting heated discussions in the market. However, the issuance of fiat-pegged tokens faces regulatory hurdles and issues of monetary sovereignty, making the outlook uncertain. At the same time, Kaia continues to make a strong push in technology and ecosystem development, aiming to expand into Financial Service and build a diversified Blockchain application ecosystem.

Abstract Chain Panorama Analysis: How to Build a Public Chain Ecosystem for End Users? Summary Abstract Chain will launch in January 2025 as a user-centered blockchain dedicated to promoting the widespread adoption of cryptocurrency technology and building an accessible and engaging platform. Abstract Chain offers a unique user experience brought about by account abstraction, leveraging the established fan base of Pudgy Penguins and $PENGU to provide differentiated value through its unique user structure. The growth strategy of Abstract revolves around building a digital entertainment theme park: having its own portal platform, integrating live streaming and reward systems, and attracting application developers into the ecosystem. This live streaming platform has attracted over 10,000 people.

Kaia Public Chain: A New Direction for Korean Stablecoins Recently, the Kaia public chain has become one of the focal points in the crypto market due to its strong token performance. Since its launch in August 2024, Kaia has been committed to enhancing technical performance and expanding its ecosystem. Recently, its initiatives in the stablecoin and payment sectors have sparked widespread discussion among industry investors. Senior executives from the foundation indicated, "The era of Kaia's stablecoin is about to arrive," hinting that its fiat-pegged coin plan is about to be implemented. With the new government in South Korea taking office, the issuance of stablecoins pegged to the Korean won has become a new policy direction. The Kaia team announced plans to launch a Korean won stablecoin in collaboration with several super applications. This news has quickly triggered market reactions, with related companies' stock prices soaring, and the price of Kaia tokens rising from nearly $0.10 to a peak of $0.17, reflecting the market's optimistic expectations for local stablecoin projects in South Korea. Political

Kaia Ecological Evolution: On-chain Rise Paradigm Centered on Mini Dapp 1. Overview of the Kaia Blockchain Ecosystem 1.1 Predecessor and Team Background Kaia is the new ecosystem formed by the merger of two major blockchain projects led by Kakao and LINE, Klaytn and Finschia. Klaytn was launched in June 2019 by Ground X, a blockchain subsidiary of the Kakao Group, with early governance partners including well-known Korean companies such as LG Electronics, Celltrion, and Netmarble. Finschia was initially launched by LINE in August 2018 through its blockchain subsidiary LINE TECH PLUS, and in April 2023, the Finschia Foundation was established in Abu Dhabi. In August 2024, the two chains officially merged to launch the brand new Kaia mainnet. Kaia

Kaia: Joining hands with two major Asian social giants, Line and Kakao, with the potential of 250 million users ready to unleash. On January 16, 2024, Asia's two leading blockchain platforms, Klaytn and Finschia, announced the launch of a unified mainnet plan. This merger originates from the two major internet giants in Korea and Japan, Kakao and LINE. On August 29, 2024, the merged Kaia mainnet will officially go live. By combining their respective ecosystems and assets, Kakao and LINE plan to create a giant blockchain in Asia and gradually lead the global Web3 market. Sam Seo, the chairman of the Kaia Foundation, holds a PhD in high-performance computing and previously served as CKO at KrustUniverse, where he was responsible for leading the development and operation of Klaytn. Additionally, he was the Chief Technology Officer at GroundX, Kakao's blockchain subsidiary.