When consumption behavior itself becomes a programmable asset, the high traffic walls built by traditional e-commerce platforms begin to show cracks. DeSpend's latest move may be demonstrating another possibility for Web3 consumption infrastructure. What does it mean when a coffee shop in Seoul, South Korea, a specialty restaurant in Kuala Lumpur, Malaysia, a spa in Jakarta, Indonesia, a handcrafted workshop in Hanoi, Vietnam, and a designer boutique in Hong Kong, China, can all directly serve global crypto asset holders through the same protocol? Recently, Web3 consumption ecosystem DeSpend announced the opening of local service provider channels in five major markets: South Korea, Malaysia, Indonesia, Vietnam, and Hong Kong, China. This seemingly ordinary business expansion is actually a structural challenge to the traditional "platform-merchant" relationship, and a large-scale debate about whether "protocols can replace platforms."

Headline The Pioneer Group will start offering cryptocurrency ETF trading on Tuesday. Vanguard Group will begin allowing customers to trade cryptocurrency ETFs and mutual funds on its brokerage platform starting Tuesday. Vanguard stated that it would support most cryptocurrency ETFs and mutual funds that meet regulatory standards, in a manner similar to its support for gold and other niche asset classes. The company also indicated that it currently has no plans to launch its own cryptocurrency products. Stablecoin company First Digital plans to go public through a SPAC. According to Bloomberg, the stablecoin company First Digital Group plans to go public through a merger with a special purpose acquisition company (SPAC). According to insiders, First Digital Group will announce the signing of a letter of intent outlining its plans with the SPAC listed in New York.