Web3 Daily Briefing: Stablecoin blockchain launches public testnet; Berachain Foundation confirms full recovery of stolen funds; Zynk, a stablecoin cross-border payment infrastructure platform, announces completion of a $5 million seed funding round led by Hivemind Capital.

"Web3 Daily Briefing" is an official newsletter from Web3Caff, summarizing important news, official updates, and selected articles from the past 24 hours for the Web3.0 community. It aims to help Web3.0 enthusiasts and builders quickly understand the latest industry developments. For more timely and comprehensive updates on the latest industry trends and insightful articles, please follow our official Twitter account.

Cover: Berachain

• Stablecoin blockchain launches public testnet

• The Berachain Foundation has confirmed that all stolen funds have been recovered.

• Clearstream, a subsidiary of Deutsche Börse, launches D7 DLT tokenization platform.

• Zohran Mamdani elected New York City mayor, defeating former mayor Andrew Cuomo, who supported crypto innovation.

• Ondo Finance has partnered with BX Digital to launch Ondo tokenized stock and ETF trading in Europe.

• ZKsync founders have announced a proposal: all network revenue will be used to buy back and burn ZK tokens.

• Timefun shuts down creator token platform

• Bitcoin lending platform Lava raises $200 million.

• Zynk, a stablecoin-based cross-border payment infrastructure platform, announced the completion of a $5 million seed funding round led by Hivemind Capital.

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This research report, authored by Web3Caff Research researcher 0xstride, provides a systematic analysis of how the cross-chain interoperability track can break down multi-chain barriers and build value exchange networks in the current competitive landscape. Key takeaways include:
① The multi-chain parallel structure exacerbates the "value silos," and cross-chain interoperability has become a new core issue for blockchain infrastructure;
② The track is forming a three-layer structure system of "basic layer - abstract layer - application layer", which promotes the evolution of on-chain communication from "bridge" to "network";
③ Mainstream projects (LayerZero, Axelar, Hyperlane, CCIP, Wormhole, etc.) each have their own trade-offs in security models and verification mechanisms, and the competitive landscape is becoming increasingly differentiated.
④ Cross-chain protocols still face three major challenges: secure aggregation, standardization, and ecosystem collaboration. The prototype of a global value network has begun to emerge, but it is still in the process of taking shape.

The report includes a key structure chart and a project matrix, presenting the latest landscape and trends in cross-chain interoperability technology.

Over the past two years, with the frequent emergence of new concepts such as RWA and stablecoins, more and more internet professionals have begun to refocus on job opportunities in the Web3 industry. On platforms like Maimai and Xiaohongshu, positions such as "Web3 Operations," "Blockchain Product Manager," and "Blockchain Developer" are popping up everywhere. This article outlines the most concerning and easily misunderstood risks for Web3 job seekers, providing a quick overview.

The internet once revolutionized the global financial system. Blockchain is now driving a second, and this time it's a systemic restructuring. Cryptocurrencies have gradually moved beyond the fringes of the financial system, integrating into and even potentially surpassing it. Their groundbreaking advancements in several areas have already captured a tenth of the mainstream financial system's market share. This article will explore this topic.

On October 30th, sources revealed that payment giant Mastercard has entered late-stage negotiations to acquire stablecoin infrastructure startup Zerohash for between $1.5 billion and $2 billion. Mastercard has long been active in the cryptocurrency space, including its 2021 acquisition of blockchain analytics firm CipherTrace, which this article will discuss.

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