Topics of Crypto World

The CLARITY Act (H.R. 3633), formally the Digital Asset Market Clarity Act, seeks to delineate the respective roles of the SEC and the CFTC. Having passed the House, the bill was advanced by the Senate Banking Committee with a 15:9 vote in May 2026. This article breaks down its key provisions, legislative milestones, and what holders, traders, and DeFi users should consider.

Hana Network (HANA) is a Web4 Layer-1 public chain built on Cosmos SDK, designed for retail and social applications. Its core design deeply integrates blockchain's peer-to-peer (P2P) capabilities with mainstream Web2 social platforms, replacing the passive holding model of traditional centralized exchanges (CEX) with Hypercasual Finance. This enables users to participate in on-chain value creation through lightweight interactions, social dissemination, and instant feedback.

Hana Network is a socially-driven Layer 1 blockchain platform built for retail-user onboarding. Its core value proposition is to replace the passive asset-holding experience dominated by centralized exchanges (CEX) with Hypercasual Finance, embedding P2P trading, fiat on/off-ramps, social tipping, and modest returns directly into Web2 social platforms like Twitter, Telegram, Discord, and TikTok — driving on-chain social finance into the Web4 era.

HANA is the native governance and utility token of the Hana Network ecosystem. Its core design binds on-chain coordination, incentive distribution, and long-term value capture into a single asset, ensuring that social finance, casual earning, and user growth are no longer dependent on centralized platform traffic subsidies but are continuously driven by the protocol-level token mechanism. With a total supply of 1 billion tokens and no additional inflationary issuance (subject to official disclosure), HANA will gradually enter circulation after TGE, serving as the value hub connecting Hanafuda, Hana Gateway, Reunion, and future products such as Capsule Shop and Dipsy.

Gitlawb and GitHub are both used for code hosting and development collaboration, but they differ clearly in their underlying architecture and collaboration model. GitHub is a centralized code hosting platform that manages repositories through account systems and centralized servers. Gitlawb, by contrast, uses DID identity, IPFS storage, and the libp2p network to build a decentralized Git collaboration system that does not require centralized servers. Compared with traditional Git platforms, Gitlawb places greater emphasis on AI Agent native collaboration, autonomous identity, and multi node synchronization.

A Gitlawb code push includes DID identity signing, Git object uploads to IPFS, Ref update Certificate broadcasting, libp2p network synchronization, and several other steps. Unlike traditional Git platforms, Gitlawb does not rely on a single centralized server. Instead, decentralized nodes jointly maintain repository state and code history. This mechanism allows both AI Agents and developers to collaborate on code and synchronize repositories without relying on platform based hosting.

Gitlawb (GITLAWB) is a decentralized Git collaboration network designed for AI Agents and developers. It combines a DID identity system, IPFS content storage, the libp2p P2P network, and UCAN capability-based authorization to create a code collaboration system that does not depend on centralized servers. Unlike traditional Git platforms, Gitlawb treats AI Agents as native participants in the network, allowing them to directly own repositories, submit code, open PRs, run automated tasks, and synchronize and verify code through decentralized nodes.

Hyperliquid is an on-chain Perpetual Futures trading platform built on a native Layer 1. Its core operational workflow includes order submission, on-chain Order Book matching, margin management, Funding Rate settlement, and risk liquidation mechanisms. Unlike most Perp DEXs that utilize the AMM model, Hyperliquid employs an Order Book structure similar to that of centralized exchanges (CEX) while maintaining on-chain transparency for trade status and asset settlement.

HYG (iShares iBoxx $ High Yield Corporate Bond ETF) is an ETF that focuses on the U.S. high-yield corporate bond marketplace. Its performance is influenced not only by corporate credit risk but is also highly correlated with the Fed's interest rate policy. Given that most of the bonds held by HYG are high-yield, changes in marketplace liquidity, financing costs, and risk appetite directly impact its price performance.

HYG (iShares iBoxx $ High Yield Corporate Bond ETF) is an ETF focused on the U.S. high-yield corporate bond market, primarily holding corporate bonds with lower credit ratings and higher yields. Since these bonds are typically below investment grade, HYG is also widely regarded as a "junk bond ETF."

HYG (iShares iBoxx $ High Yield Corporate Bond ETF) is an ETF that tracks the U.S. high-yield corporate bond Marketplace, primarily investing in corporate bonds with lower credit ratings and higher yields. Since these bonds are typically below investment grade, they are also known as "high-yield bonds" or "junk bonds."

Block Street and Ondo are both on-chain financial infrastructure projects, but their core priorities are not the same. Ondo places greater emphasis on RWA asset mapping and on-chain Treasury products, while Block Street focuses more on stablecoin yield collaboration and on-chain financial operating structures.

BSB is the core utility token in the Block Street ecosystem. It is used to connect on-chain yield, ecosystem incentives, and financial collaboration structures. Block Street uses BSB to coordinate stablecoin assets, yield mechanisms, and the operation of its on-chain financial ecosystem.

Block Street is a Web3 platform built around stablecoin yield, on-chain asset management, and financial infrastructure. It is designed to connect on-chain yield, capital collaboration, and the BSB ecosystem. At its core, Block Street uses on-chain structures to coordinate stablecoin assets, yield strategies, and financial service systems.

Phoenix is an on-chain perpetual futures trading protocol running on Solana. Its risk control system mainly includes margin mechanisms, a risk engine, funding rates, an Oracle price system, and forced liquidation. Because perpetual futures trading involves leverage, Phoenix needs to continuously monitor account risk levels and dynamically adjust position risk during market volatility. Compared with traditional centralized exchanges, Phoenix’s risk management logic runs on-chain, and all positions, liquidations, and market states can be publicly verified.