<?xml version="1.0" encoding="utf-8" standalone="yes"?><rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom"><channel><title>Crypto-News on Mainnet.jp</title><link>https://mainnet.jp/en/crypto-news/</link><description>Recent content in Crypto-News on Mainnet.jp</description><generator>Hugo -- gohugo.io</generator><language>en</language><copyright>Mainnet.jp</copyright><lastBuildDate>Wed, 08 Jul 2026 10:00:00 +0900</lastBuildDate><atom:link href="https://mainnet.jp/en/crypto-news/index.xml" rel="self" type="application/rss+xml"/><item><title>Japan's Crypto Regulation 2026: Latest Updates and Future Outlook</title><link>https://mainnet.jp/en/crypto-news/japan-crypto-regulation-2026-update/</link><pubDate>Wed, 08 Jul 2026 10:00:00 +0900</pubDate><guid>https://mainnet.jp/en/crypto-news/japan-crypto-regulation-2026-update/</guid><description>&lt;img src="https://mainnet.jp/img/thumbnail/japan-crypto-regulation-2026-update-en.png" alt="Featured image of post Japan's Crypto Regulation 2026: Latest Updates and Future Outlook" /&gt;&lt;p&gt;Japan&amp;rsquo;s crypto regulation is undergoing a major transformation in 2026. The amended Payment Services Act took full effect in July, establishing a legal framework for stablecoins. This article summarizes the latest regulatory developments and future outlook.&lt;/p&gt;
&lt;h2 id="full-enforcement-of-the-amended-payment-services-act"&gt;Full Enforcement of the Amended Payment Services Act
&lt;/h2&gt;&lt;p&gt;The revised Payment Services Act, fully enforced in July 2026, tightens registration requirements for crypto asset exchange service providers and introduces a new registration system for stablecoin issuers. Stablecoins issued in Japan must now be fully backed by fiat currency such as the yen, with regular audits and trust-custody arrangements mandated for issuers.&lt;/p&gt;</description></item><item><title>DeFi Summer 2026: Market Outlook and Projects to Watch</title><link>https://mainnet.jp/en/crypto-news/defi-summer-2026-market-outlook/</link><pubDate>Thu, 02 Jul 2026 09:00:00 +0900</pubDate><guid>https://mainnet.jp/en/crypto-news/defi-summer-2026-market-outlook/</guid><description>&lt;img src="https://mainnet.jp/img/thumbnail/defi-summer-2026-market-outlook-en.png" alt="Featured image of post DeFi Summer 2026: Market Outlook and Projects to Watch" /&gt;&lt;p&gt;July 2026 is witnessing what many are calling a second &amp;ldquo;DeFi Summer.&amp;rdquo; Six years after the original DeFi boom of 2020, the sector has returned with greater technological maturity and clearer regulatory frameworks. This article covers the current state of the DeFi market and its outlook for the months ahead.&lt;/p&gt;
&lt;h2 id="summer-2026-defi-market-overview"&gt;Summer 2026 DeFi Market Overview
&lt;/h2&gt;&lt;p&gt;In Q2 2026, total value locked (TVL) across all DeFi protocols rose approximately 80% year-over-year, reaching an all-time high. The growth is driven by expanding liquidity provision on Layer 2 networks and a rapid rise in real-world asset (RWA) lending markets.&lt;/p&gt;</description></item><item><title>June 2026 Crypto Regulation Update: Japan and Global Developments</title><link>https://mainnet.jp/en/crypto-news/2026-06-crypto-regulation-update-japan/</link><pubDate>Sun, 28 Jun 2026 13:00:00 +0900</pubDate><guid>https://mainnet.jp/en/crypto-news/2026-06-crypto-regulation-update-japan/</guid><description>&lt;img src="https://mainnet.jp/img/thumbnail/2026-06-crypto-regulation-update-japan-en.png" alt="Featured image of post June 2026 Crypto Regulation Update: Japan and Global Developments" /&gt;&lt;p&gt;June 2026 has been a landmark month for crypto regulation worldwide. Japan&amp;rsquo;s amended Payment Services Act is set for full enforcement in July, Europe&amp;rsquo;s MiCA framework has gone live for stablecoins, and the United States is making headway on comprehensive crypto legislation. This article breaks down the key developments.&lt;/p&gt;
&lt;hr&gt;
&lt;h2 id="japan-regulatory-developments"&gt;Japan: Regulatory Developments
&lt;/h2&gt;&lt;h3 id="the-amended-payment-services-act"&gt;The Amended Payment Services Act
&lt;/h3&gt;&lt;p&gt;Japan&amp;rsquo;s revised Payment Services Act, passed in May 2026, takes full effect in July. The law mandates registration for stablecoin issuers and strengthens consumer protection requirements for crypto exchanges. Segregation of customer and corporate assets must now meet stricter standards, and the process for returning user funds in the event of bankruptcy has been clearly defined.&lt;/p&gt;</description></item><item><title>CBDC (Central Bank Digital Currency) Development and Global Movement</title><link>https://mainnet.jp/en/crypto-news/cbdc-development-status-global-movements/</link><pubDate>Sat, 09 May 2026 15:20:00 +0900</pubDate><guid>https://mainnet.jp/en/crypto-news/cbdc-development-status-global-movements/</guid><description>&lt;img src="https://mainnet.jp/img/thumbnail/cbdc-development-status-global-movements-en.png" alt="Featured image of post CBDC (Central Bank Digital Currency) Development and Global Movement" /&gt;&lt;p&gt;Central Bank Digital Currencies (CBDCs) are fiat money issued in digital form by central banks. Aimed at countering private stablecoins and lowering cash management overhead, we examine CBDC updates worldwide and at the Bank of Japan.&lt;/p&gt;
&lt;h2 id="what-is-a-cbdc"&gt;What is a CBDC?
&lt;/h2&gt;&lt;p&gt;A digital representation of national fiat currency (Yen, USD) backed directly by the sovereign credit of the state. Unlike Bitcoin, a CBDC is not volatile.&lt;/p&gt;
&lt;h2 id="development-status-worldwide"&gt;Development Status Worldwide
&lt;/h2&gt;&lt;ul&gt;
&lt;li&gt;&lt;strong&gt;China (Digital Yuan / e-CNY)&lt;/strong&gt;: The global frontrunner. Runs extensive pilot schemes in major metro hubs, testing utility payments.&lt;/li&gt;
&lt;li&gt;&lt;strong&gt;Europe (Digital Euro)&lt;/strong&gt;: The ECB is executing research and drafting regulatory rules for a digital euro deployment.&lt;/li&gt;
&lt;li&gt;&lt;strong&gt;Japan (Digital Yen)&lt;/strong&gt;: The Bank of Japan is running proof-of-concept (PoC) pilot programs alongside regional commercial banks.&lt;/li&gt;
&lt;/ul&gt;
&lt;h2 id="expected-impacts-and-criticisms"&gt;Expected Impacts and Criticisms
&lt;/h2&gt;&lt;ul&gt;
&lt;li&gt;&lt;strong&gt;Pros&lt;/strong&gt;: Drastically reduces payment network costs, speeds up tax distributions, and stops illicit money laundering.&lt;/li&gt;
&lt;li&gt;&lt;strong&gt;Cons&lt;/strong&gt;: Raises surveillance concerns (governmental access to citizen transaction logs) and risks bank runs if citizens drain deposit accounts.&lt;/li&gt;
&lt;/ul&gt;</description></item><item><title>Bitcoin Price Prediction: Compilation of Major Analyst Projections</title><link>https://mainnet.jp/en/crypto-news/bitcoin-price-predictions-analysts-data-compilation/</link><pubDate>Sat, 25 Apr 2026 15:05:00 +0900</pubDate><guid>https://mainnet.jp/en/crypto-news/bitcoin-price-predictions-analysts-data-compilation/</guid><description>&lt;img src="https://mainnet.jp/img/thumbnail/bitcoin-price-predictions-analysts-data-compilation-en.png" alt="Featured image of post Bitcoin Price Prediction: Compilation of Major Analyst Projections" /&gt;&lt;p&gt;Bitcoin price predictions vary widely. However, forecasts from leading quantitative analysts are grounded in strict on-chain data and macroeconomic trends. We compile the most prominent valuation models and market projections.&lt;/p&gt;
&lt;h2 id="famous-valuation-models"&gt;Famous Valuation Models
&lt;/h2&gt;&lt;h3 id="1-stock-to-flow-s2f-model"&gt;1. Stock-to-Flow (S2F) Model
&lt;/h3&gt;&lt;p&gt;Values Bitcoin based on digital scarcity (ratio of existing supply against new annual output). It projects long-term valuations exceeding several hundred thousand dollars.&lt;/p&gt;
&lt;h3 id="2-on-chain-metrics-mvrv-z-score-etc"&gt;2. On-Chain Metrics (MVRV Z-Score, etc.)
&lt;/h3&gt;&lt;p&gt;Tracks address activity, long-term HODLer balances, and profit-to-loss ratios. Current indices point to a macro transition from accumulation phases to bullish expansion.&lt;/p&gt;</description></item><item><title>Ethereum's Major Upgrade 'Dencun' Outline and Effects</title><link>https://mainnet.jp/en/crypto-news/ethereum-upgrade-dencun-outline-effects/</link><pubDate>Sun, 19 Apr 2026 14:55:00 +0900</pubDate><guid>https://mainnet.jp/en/crypto-news/ethereum-upgrade-dencun-outline-effects/</guid><description>&lt;img src="https://mainnet.jp/img/thumbnail/ethereum-upgrade-dencun-outline-effects-en.png" alt="Featured image of post Ethereum's Major Upgrade 'Dencun' Outline and Effects" /&gt;&lt;p&gt;Ethereum&amp;rsquo;s &amp;ldquo;Dencun&amp;rdquo; hard fork upgrade is a major milestone in the network&amp;rsquo;s scaling roadmap. Introducing Proto-Danksharding, it targets Ethereum&amp;rsquo;s high gas fees. We explain the mechanics and impact of this upgrade.&lt;/p&gt;
&lt;h2 id="the-core-feature-eip-4844"&gt;The Core Feature: EIP-4844
&lt;/h2&gt;&lt;p&gt;Dencun&amp;rsquo;s central improvement is EIP-4844 (Proto-Danksharding).&lt;/p&gt;
&lt;ul&gt;
&lt;li&gt;&lt;strong&gt;The &amp;ldquo;Blob&amp;rdquo; Data Space&lt;/strong&gt;: Previously, Layer 2 networks posted data into Ethereum&amp;rsquo;s expensive call data storage. EIP-4844 creates temporary data packages called &amp;ldquo;Blobs&amp;rdquo; that expire after a few weeks, drastically reducing mainnet data verification costs.&lt;/li&gt;
&lt;/ul&gt;
&lt;h2 id="layer-2-fees-plummet-90"&gt;Layer 2 Fees Plummet 90%+
&lt;/h2&gt;&lt;p&gt;With Blobs active, transaction costs on L2 networks (like Arbitrum, Optimism, and Base) plummeted by over &lt;strong&gt;90%&lt;/strong&gt;. Users can interact with smart contracts for fractions of a cent, eliminating a major user-experience barrier for dApps.&lt;/p&gt;</description></item><item><title>Latest US SEC Crypto Regulation Trends and Market Impact Report</title><link>https://mainnet.jp/en/crypto-news/us-sec-crypto-regulations-market-impact-report/</link><pubDate>Sun, 29 Mar 2026 14:45:00 +0900</pubDate><guid>https://mainnet.jp/en/crypto-news/us-sec-crypto-regulations-market-impact-report/</guid><description>&lt;img src="https://mainnet.jp/img/thumbnail/us-sec-crypto-regulations-market-impact-report-en.png" alt="Featured image of post Latest US SEC Crypto Regulation Trends and Market Impact Report" /&gt;&lt;p&gt;The US regulatory climate dictating digital asset guidelines centers on the Securities and Exchange Commission (SEC). We analyze the SEC&amp;rsquo;s classifications and check the economic impacts of its enforcement actions on token markets.&lt;/p&gt;
&lt;h2 id="core-legal-conflict-the-security-question"&gt;Core Legal Conflict: The Security Question
&lt;/h2&gt;&lt;p&gt;The SEC asserts that many altcoins (especially Proof of Stake tokens yield programs) qualify as unregistered securities under US laws.&lt;/p&gt;
&lt;ul&gt;
&lt;li&gt;&lt;strong&gt;The Howey Test Framework&lt;/strong&gt;: Whether a transaction involves an investment of money in a common enterprise with a reasonable expectation of profits derived from the efforts of others.&lt;/li&gt;
&lt;/ul&gt;
&lt;h2 id="broader-economic-impacts"&gt;Broader Economic Impacts
&lt;/h2&gt;&lt;ul&gt;
&lt;li&gt;&lt;strong&gt;Short-Term Price Drops&lt;/strong&gt;: Assets explicitly named by the SEC often face delistings from US brokerage apps, causing temporary price drops.&lt;/li&gt;
&lt;li&gt;&lt;strong&gt;Capital Flight to Asia and Europe&lt;/strong&gt;: Strict US enforcement has driven Web3 founders and capital toward crypto-friendly hubs like Singapore, Hong Kong, Dubai, and the EU.&lt;/li&gt;
&lt;/ul&gt;</description></item><item><title>Crypto Law Reform: Latest Trends and Lobbying for Tax Reforms</title><link>https://mainnet.jp/en/crypto-news/crypto-law-reform-tax-revision-trends/</link><pubDate>Thu, 26 Mar 2026 15:15:00 +0900</pubDate><guid>https://mainnet.jp/en/crypto-news/crypto-law-reform-tax-revision-trends/</guid><description>&lt;img src="https://mainnet.jp/img/thumbnail/crypto-law-reform-tax-revision-trends-en.png" alt="Featured image of post Crypto Law Reform: Latest Trends and Lobbying for Tax Reforms" /&gt;&lt;p&gt;Japan&amp;rsquo;s progressive tax rate on crypto profits (up to 55%) has faced heavy criticism for driving Web3 entrepreneurs and capital overseas. In response, advocacy organizations are actively lobbying to lower tax rates. We examine these policy developments.&lt;/p&gt;
&lt;h2 id="core-tax-policy-proposals-jcba--jvcea-initiatives"&gt;Core Tax Policy Proposals (JCBA / JVCEA Initiatives)
&lt;/h2&gt;&lt;p&gt;Industry organizations submit tax reform proposals to the Liberal Democratic Party (LDP) annually:&lt;/p&gt;
&lt;ul&gt;
&lt;li&gt;&lt;strong&gt;Unified 20% Separate Taxation&lt;/strong&gt;: Aligning crypto tax codes directly with standard stock market and FX capital gains.&lt;/li&gt;
&lt;li&gt;&lt;strong&gt;Three-Year Loss Carryforward&lt;/strong&gt;: Allowing traders to offset current losses against future capital gains.&lt;/li&gt;
&lt;li&gt;&lt;strong&gt;Tax-Free Crypto-to-Crypto Swaps&lt;/strong&gt;: Tax liabilities would trigger only upon final conversion back to fiat currencies (JPY).&lt;/li&gt;
&lt;/ul&gt;
&lt;h2 id="current-status--outlook"&gt;Current Status &amp;amp; Outlook
&lt;/h2&gt;&lt;p&gt;While the LDP&amp;rsquo;s Web3 Project Team successfully eased corporate token holding tax rules, reforms for retail investors are still under review by the Tax Commission. Progress is heavily watched as a catalyst for Japan&amp;rsquo;s Web3 market.&lt;/p&gt;</description></item><item><title>New Web3 Projects and Presale Info Buzzing Overseas</title><link>https://mainnet.jp/en/crypto-news/new-web3-projects-presale-information/</link><pubDate>Tue, 17 Mar 2026 15:10:00 +0900</pubDate><guid>https://mainnet.jp/en/crypto-news/new-web3-projects-presale-information/</guid><description>&lt;img src="https://mainnet.jp/img/thumbnail/new-web3-projects-presale-information-en.png" alt="Featured image of post New Web3 Projects and Presale Info Buzzing Overseas" /&gt;&lt;p&gt;Token presales (ICOs/IDOs) offer early access to tokens before they list on public exchanges. While offering high rewards, they carry severe rug pull (exit scam) risks. We analyze emerging Web3 sectors and show how to evaluate presale risks.&lt;/p&gt;
&lt;h2 id="trending-web3-sectors"&gt;Trending Web3 Sectors
&lt;/h2&gt;&lt;ul&gt;
&lt;li&gt;&lt;strong&gt;AI x Blockchain&lt;/strong&gt;: Protocols sharing GPU processing power across peer-to-peer networks to train LLM models.&lt;/li&gt;
&lt;li&gt;&lt;strong&gt;RWA (Real World Asset) Tokenization&lt;/strong&gt;: Splitting real estate, government bonds, or physical gold into tradeable micro-NFTs.&lt;/li&gt;
&lt;li&gt;&lt;strong&gt;DePIN (Decentralized Physical Infrastructure)&lt;/strong&gt;: Crowdsourcing physical hardware networks (storage, Wi-Fi bands) in exchange for utility tokens.&lt;/li&gt;
&lt;/ul&gt;
&lt;h2 id="risk-assessment-checklist"&gt;Risk Assessment Checklist
&lt;/h2&gt;&lt;ol&gt;
&lt;li&gt;&lt;strong&gt;Smart Contract Audits&lt;/strong&gt;: Confirm if codebases have been audited by reputable firms (like CertiK) to verify no backdoors exist.&lt;/li&gt;
&lt;li&gt;&lt;strong&gt;Venture Capital (VC) Integrity&lt;/strong&gt;: Identify if tier-1 crypto funds are funding early rounds.&lt;/li&gt;
&lt;li&gt;&lt;strong&gt;Token Vesting / Lock-up Schedule&lt;/strong&gt;: Check if team allocations are locked up, preventing immediate dumps post-listing.&lt;/li&gt;
&lt;/ol&gt;</description></item><item><title>Important Weekly Crypto News &amp; Topics Round-up</title><link>https://mainnet.jp/en/crypto-news/weekly-crypto-news-important-topics-roundup/</link><pubDate>Sun, 22 Feb 2026 14:40:00 +0900</pubDate><guid>https://mainnet.jp/en/crypto-news/weekly-crypto-news-important-topics-roundup/</guid><description>&lt;img src="https://mainnet.jp/img/thumbnail/weekly-crypto-news-important-topics-roundup-en.png" alt="Featured image of post Important Weekly Crypto News &amp; Topics Round-up" /&gt;&lt;p&gt;The global cryptocurrency and blockchain markets move at breakneck speeds. We round up the most critical news items from the past week that are poised to influence asset prices and macro trends.&lt;/p&gt;
&lt;h2 id="key-weekly-headlines"&gt;Key Weekly Headlines
&lt;/h2&gt;&lt;h3 id="1-bitcoin-l2-deployments-accelerate"&gt;1. Bitcoin L2 Deployments Accelerate
&lt;/h3&gt;&lt;p&gt;A series of Layer 2 (L2) network launches designed to run smart contracts on top of Bitcoin sparked market excitement, driving utility token values up.&lt;/p&gt;
&lt;h3 id="2-institutional-inflow-spikes-into-ethereum"&gt;2. Institutional Inflow Spikes into Ethereum
&lt;/h3&gt;&lt;p&gt;Major US investment houses expanded their capital allocations into regulated Ethereum trust products, signaling a revival in DeFi interest.&lt;/p&gt;</description></item><item><title>Stablecoin (USDT/USDC) Proof of Reserves and Tighter Regulations</title><link>https://mainnet.jp/en/crypto-news/stablecoins-proof-of-reserves-tighter-regulations/</link><pubDate>Sat, 07 Feb 2026 15:25:00 +0900</pubDate><guid>https://mainnet.jp/en/crypto-news/stablecoins-proof-of-reserves-tighter-regulations/</guid><description>&lt;img src="https://mainnet.jp/img/thumbnail/stablecoins-proof-of-reserves-tighter-regulations-en.png" alt="Featured image of post Stablecoin (USDT/USDC) Proof of Reserves and Tighter Regulations" /&gt;&lt;p&gt;Stablecoins serve as the transactional foundation of the cryptocurrency market, pegged 1-to-1 to fiat currencies. However, whether issuers actually hold backing assets is a constant debate. We analyze the transparency of reserves and stablecoin laws.&lt;/p&gt;
&lt;h2 id="the-two-stablecoin-giants"&gt;The Two Stablecoin Giants
&lt;/h2&gt;&lt;ul&gt;
&lt;li&gt;&lt;strong&gt;USDT (Tether)&lt;/strong&gt;: The market cap leader. While highly liquid, concerns historically focused on audit clarity. Tether now publishes audited asset backings quarterly.&lt;/li&gt;
&lt;li&gt;&lt;strong&gt;USDC (USD Coin)&lt;/strong&gt;: Managed by Circle, complying with US financial guidelines.Circle publishes verified proof-of-reserves monthly.&lt;/li&gt;
&lt;/ul&gt;
&lt;h2 id="rationale-for-tighter-regulation"&gt;Rationale for Tighter Regulation
&lt;/h2&gt;&lt;p&gt;The collapse of the algorithmic stablecoin TerraUSD (UST) in 2022 highlighted systemic risks, forcing global financial watchdogs to establish collateral safety rules.&lt;/p&gt;</description></item><item><title>Major Exchange Hacking Incident Updates and Security Upgrades</title><link>https://mainnet.jp/en/crypto-news/major-exchanges-hacking-incidents-security-updates/</link><pubDate>Thu, 15 Jan 2026 15:00:00 +0900</pubDate><guid>https://mainnet.jp/en/crypto-news/major-exchanges-hacking-incidents-security-updates/</guid><description>&lt;img src="https://mainnet.jp/img/thumbnail/major-exchanges-hacking-incidents-security-updates-en.png" alt="Featured image of post Major Exchange Hacking Incident Updates and Security Upgrades" /&gt;&lt;p&gt;Hacks have plagued exchanges throughout crypto history. In response, cybersecurity measures have evolved. We analyze recent hacking vectors and detail the latest security technologies deployed by leading exchanges.&lt;/p&gt;
&lt;h2 id="modern-hacking-vectors"&gt;Modern Hacking Vectors
&lt;/h2&gt;&lt;p&gt;While legacy attacks targeted raw software code bugs, today&amp;rsquo;s hackers favor &lt;strong&gt;social engineering (spear phishing staff) and key management compromise (stealing shard backups)&lt;/strong&gt;.&lt;/p&gt;
&lt;h2 id="exchange-defense-upgrades"&gt;Exchange Defense Upgrades
&lt;/h2&gt;&lt;h3 id="1-multi-party-computation-mpc-key-management"&gt;1. Multi-Party Computation (MPC) Key Management
&lt;/h3&gt;&lt;p&gt;Exchanges split private keys into multiple shards and store them in geographically separate secure servers, preventing single points of failure.&lt;/p&gt;</description></item><item><title>Institutional Investment in Bitcoin ETFs and Future Outlook</title><link>https://mainnet.jp/en/crypto-news/institutional-investments-bitcoin-etfs-future-outlook/</link><pubDate>Sat, 10 Jan 2026 14:50:00 +0900</pubDate><guid>https://mainnet.jp/en/crypto-news/institutional-investments-bitcoin-etfs-future-outlook/</guid><description>&lt;img src="https://mainnet.jp/img/thumbnail/institutional-investments-bitcoin-etfs-future-outlook-en.png" alt="Featured image of post Institutional Investment in Bitcoin ETFs and Future Outlook" /&gt;&lt;p&gt;The launch of Spot Bitcoin ETFs in the US transformed the structural landscape of the crypto markets. We examine the entry of pension funds, sovereign wealth funds, and major asset managers, analyzing the long-term price outlook.&lt;/p&gt;
&lt;h2 id="key-changes-brought-by-spot-etfs"&gt;Key Changes Brought by Spot ETFs
&lt;/h2&gt;&lt;p&gt;Spot ETFs allow conservative financial funds and institutional portfolios to allocate to Bitcoin directly via standard stock market shares, bypassing self-custody and exchange risks.&lt;/p&gt;
&lt;ul&gt;
&lt;li&gt;&lt;strong&gt;Inflow Metrics&lt;/strong&gt;: Funds operated by BlackRock and Fidelity have broken trading history records for early capital inflows.&lt;/li&gt;
&lt;/ul&gt;
&lt;h2 id="long-term-market-impacts"&gt;Long-Term Market Impacts
&lt;/h2&gt;&lt;ul&gt;
&lt;li&gt;&lt;strong&gt;Reduced Volatility / Price Floors&lt;/strong&gt;: Long-term institutional investors rarely engage in panic selling, raising price floors during market corrections.&lt;/li&gt;
&lt;li&gt;&lt;strong&gt;Sovereign Allocations&lt;/strong&gt;: Even a minor 1-2% allocation from traditional capital reserves injects billions, serving as fuel for new market cycles.&lt;/li&gt;
&lt;/ul&gt;</description></item></channel></rss>