A 5-Minute Recap of last Week's web3 Market

Market Information & Major News Summary

Good morning.
I am mitsui, a web3 researcher.

This is a summary article about the web3 market for the last week. We have gathered information from over 20 national and international media outlets and newsletters and have picked out news from them. Please use it to catch up on information and trends!

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📊Market & News (L1, L2, DeFi, NFT, GameFi, AI, Other)

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🟩Solana Validator Considers Alpenglow Upgrade

• Solana's new consensus "Alpenglow" proposal. Replaces existing Proof-of-History + TowerBFT.

• New voting method "Votor" reduces finality from 12.8 seconds to 100 to 150 ms, improving efficiency and fault tolerance.

• Redesigned the economic model, introducing the Validator Admission Ticket (VAT) and off-chaining voting.

• Active discussion from Validators and developers, focus is on incentive design and transition methods.

🇺🇸Wyoming Issues First State-Assisted Stablecoin on Seven Blockchains

• Wyoming launches Frontier Stable Token (FRNT), the first state-supported stable coin.

• The company operates in seven chains: Arbitrum, Avalanche, Base, Ethereum, Optimism, Polygon, and Solana.

• Backed by U.S. dollars and secured by a minimum of 102% cash and U.S. Treasury bonds.

• Appeared shortly after the passage of the first federal Stable Coin Act, signed by the President, to clarify regulations and encourage financial institutions to enter the market.

🏢SBI acquires 51% stake in domestic crypto asset media company CoinPost.

• SBI Holdings acquires 51% stake in CoinPost, the largest crypto asset media company in Japan.

• Chairman Yoshitaka Kitao made the presentation at the WebX Fintech EXPO powered by SBI on August 22.

• Joining the SBI Group is scheduled to be completed on October 1.

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Posts and articles that you may find interesting.

Why Brand Coins Are Taking Over the Charts

• Branded coins are tokens tied to real products or NFT brands that convert fan or customer enthusiasm into tradable value. 2025 is growing rapidly, flowing from meme coins.

• The precursor was ApeCoin ($APE), which functions as a community currency for BAYC and ApeChain and is positioned as the first generation of branded coins.

• $REKT was born out of the Rektguy community and linked to the sale of beverages and other physical products. In just one year, it has grown to hundreds of millions of dollars and has become a symbol of tokenizing brand value.

• $PENGU is based on Pudgy Penguins' IP, and is expanding its penetration as a "cultural liquidity layer" linking plush toys, games, and events; ETF establishment also aims for stability.

• New entrants such as $ANIME and $DOOD are emerging, and the focus going forward will be on whether cultural relevance and consumer adoption create sustainable value.

Unbundling the Bank

• The functions of banks (deposits, payments, compliance, and lending) are being disassembled through the use of APIs and blockchain, and the time has come for apps and platforms to take on the role of banks.