This Week in Review | Trump Signs Bitcoin Strategic Reserve Executive Order; Doge Meme Shiba Inu Owner Issues Token for New Pet Cocoro

BlockBeats will compile key industry news of the week (3.3-3.9) in this article, and recommend in-depth articles to help readers better understand the market and industry trends.

Important News Recap

Trump Hosts First White House Crypto Summit and Delivers Speech, Attended by Multiple Industry Founders

On March 8, the first White House Crypto Summit was held. U.S. President Trump, White House AI and Cryptocurrency Czar David Sacks, SEC Chairman Paul Atkins, and others attended. Coinbase CEO Brian Armstrong, Chainlink Co-founder Sergey Nazarov, Paradigm Co-founder Matt Huang, Strategy Founder Michael Saylor, Polymarket CEO Shayne Coplan, and many other cryptocurrency project founders were invited to participate. Attendees took turns to speak, with most expressing a series of developments in the crypto space since Trump took office and praising Trump himself. Overall, the summit results were lukewarm, only proposing a commitment to establish a stablecoin legislative framework by August and ensuring a more relaxed regulatory approach. These measures failed to ignite market sentiment as expected.

Trump Signs Executive Order to Formally Establish Strategic Bitcoin Reserve

On March 7, White House AI and Cryptocurrency Czar David Sacks announced on social media that "President Trump has signed an executive order to establish a strategic Bitcoin reserve." The executive order states that this reserve will use approximately 200,000 federal government-owned bitcoins as capital and will not spend a penny of taxpayer money. The U.S. will not sell any bitcoins deposited into the reserve. It will be held as a means of storing value. Furthermore, the executive order also establishes the U.S. Digital Asset Reserve, which includes digital assets other than bitcoins confiscated in criminal or civil litigation. Apart from assets obtained through seizure procedures, the government will not purchase additional assets for the reserve. The purpose of the reserve repository is to manage government-held digital assets under the leadership of the Treasury Department. Related reading: "Full Text of U.S. Bitcoin Strategic Reserve Executive Order Overview", "Trump Signs Bitcoin Strategic Reserve Executive Order, Why Did the Market Instead Experience a Sharp Decline?"

Trump's Tariff Increase Triggers Crypto Market Volatility

On March 4, Trump held a press conference to announce tariff actions, confirming a 25% tariff on Canada and Mexico and stating there was no room for negotiated agreements. Trump also announced that starting on April 2, tariffs would be imposed on imported agricultural products and that countries engaging in "currency devaluation tactics" would face sanctions in the form of tariffs, raising tariffs on China to 20%. As a result of the tariff threats, the U.S. stock market evaporated $1.5 trillion in value on the same day, with the S&P 500 erasing its gains since the election, and the cryptocurrency market losing nearly $300 billion in market capitalization. Related article: "U.S. Stock Market Evaporates $1.5 Trillion, Cryptocurrency Loses $300 Billion as Trump Hosts an Expensive Press Conference"

Trump: Will Advance Cryptocurrency Strategic Reserves Including XRP, SOL, and ADA

On March 2, Trump took to social media to state, "After years of suppression by the Biden administration, the U.S. cryptocurrency reserves will elevate the stature of this critical industry. That's why my Executive Order on Digital Assets directs the President's Working Group to advance a cryptocurrency strategic reserve including XRP, SOL, and ADA. I will ensure the U.S. becomes the global cryptocurrency capital. We are making America great again!" About an hour later, Trump tweeted again, "Clearly, BTC and ETH, along with other valuable cryptocurrencies, will be at the core of the reserve. I also like Bitcoin and Ethereum!"

On March 8, White House Cryptocurrency and AI Czar David Sacks, in an interview with Bloomberg, responded to the question of whether ADA, SOL, and XRP would be included in the U.S. cryptocurrency reserves and why the President mentioned them, stating that these assets were mentioned by Trump solely because of their top-five market cap ranking and that the amount of cryptocurrency held by the U.S. federal government would be accounted for. Related article: "Trump's Designated Cryptocurrency Strategic Reserves Candidate List, Is Cardano's 'Hot Air' Narrative Merely Based on Relationships?"

Utah Bitcoin Bill Passes Without Strategic Reserve Provision; Texas Senate Passes Bitcoin Reserve Bill, Aiming to Hold $500 Billion in Cryptocurrency

On March 8, it was revealed that the Bitcoin bill in the U.S. state of Utah passed without the strategic reserve component. The bill included basic protections for rights such as mining Bitcoin, running nodes, and self-custody.

On March 9, it was reported that the Texas Senate passed Senate Bill 21 to establish a state Bitcoin reserve, further solidifying the state's leadership in the cryptocurrency field and setting a precedent nationally. Texas Lieutenant Governor Dan Patrick announced that the Texas Strategic Bitcoin Reserve Bill received bipartisan support to create a fund managed by the state government for holding Bitcoin and other cryptocurrencies, with holdings of at least $5 billion in cryptocurrency market value and eligibility for state budget appropriations. Additionally, the bill established the Strategic Bitcoin Reserve Advisory Council to provide guidance on fund management and required a biennial holdings report submission. The bill is still pending approval by the House and signature by the governor to become law.

Trump Crypto Project WLFI to Include SUI in Strategic Token Reserve

On March 6, Sui Network announced a partnership with the Trump crypto project WLFI. WLFI will include SUI in its strategic token reserve to support leading Web3 projects. WLFI and Sui have already begun exploring product development opportunities.

Doge Meme Shiba Inu Owner Introduces New Pet Cocoro and Issues Related Token

On March 8, Doge meme Shiba Inu's owner Kabosu announced her new pet Cocoro and issued the Cocoro token based on the Base network. Cocoro's market cap briefly surpassed $100 million and has now fallen to around $37 million.

Binance Releases Announcement on Recent GPS Price Anomaly Investigation and Freezes an Account of a Dumping Liquidity Provider

On March 7, according to official sources, Binance has expanded its monitoring tags to GPS. Binance stated that based on a recent review, after the GPS spot listing, the price immediately experienced a significant drop, with one liquidity provider exhibiting abnormal behavior. The liquidity provider sold approximately 70 million GPS tokens between March 4, 2025, 13:00 (UTC) and March 5, 2025, 9:55 (UTC) without placing any buy orders during that period. After the spot trading started, the liquidity provider continued to sell the tokens, becoming the biggest beneficiary and making around $5 million in profit. While Binance conducts a thorough follow-up investigation into this matter, the liquidity provider's account has been temporarily frozen. The next day, Binance officially released an explanation of the "large short" situation regarding GPS before the announcement about GPS, which, upon verification, was deemed normal market fluctuation behavior with no abnormal trading.

RedStone Airdrop Allocation Ratio Challenged by Community, Binance Temporarily Suspends Listing

On March 5, DeFi oracle RedStone launched an airdrop inquiry page. The following day, RedStone officially opened RED token airdrop claims and staking. However, shortly after the airdrop inquiry page went live, the community sentiment took a nosedive, with many users reporting that the airdrop had hidden barriers in its threshold. On the same day, according to a Binance official announcement, due to a last-minute change by the RedStone project team in the unexpected community airdrop amount ratio, Binance decided to temporarily suspend spot trading for RedStone (RED). RedStone originally promised to allocate 9.5% of the token total supply to the community airdrop but ended up distributing only 5% of the total supply. Later that evening, RedStone announced that they would allocate an additional 2% of the total RED token supply to the overlooked community members. Subsequently, Binance announced the resumption of trading for RedStone (RED). Related read: "RedStone 'False Advertising'? Only 4,000 out of 230,000 Community Members Receive Airdrop, Angering Many"

Solana Proposes Two Protocol Upgrades, SOL Inflation Rate Adjustment on the Horizon

On March 5, it was reported that asset management firm VanEck stated that on March 3, Solana validators will vote on two blockchain protocol upgrade proposals (SIMDs) aimed at ensuring stakers receive rewards and adjusting SOL's inflation rate. VanEck's Director of Digital Asset Research, Matthew Sigel, wrote that these two proposals have sparked "significant controversy" as they could potentially reduce validator income by up to 95%, thereby endangering small-scale operators. "While these changes may reduce staking rewards, we believe that reducing inflation is a goal worth pursuing to enhance Solana's long-term sustainability."

The first proposal, SIMD 0123, will introduce an on-chain mechanism to allocate Solana's priority fee to validator stakers. Traders can pay an additional fee to expedite transaction processing, with the priority fee representing 40% of the network revenue, which currently validators do not have to share with stakers. This proposal, which will be voted on March 6, aims to increase staking rewards, prevent off-chain transaction protocols, and strengthen on-chain execution.

The second proposal, SIMD 0228, is the "most impactful" proposal, which will adjust the SOL inflation rate to be inversely proportional to the percentage of staked tokens in supply, potentially reducing dilution and lowering stakers' selling pressure. According to a Coin Metrics report, as of February, Solana's inflation rate stands at 4%, lower than the initial 8%, but still well above the 1.5% final target, currently decreasing at an annual rate of 15%. Related Reading: "Solana Staking Reward Adjustment Proposal, What Impact on SOL Price?", "Assessing Solana's New Proposal SIMD-0228, What Does It Mean for SOL Validators?"

Ethereum's Pectra Upgrade Hits a Bug in Final Test Phase, Developers Begin Investigation

On March 5, Ethereum's upcoming Pectra upgrade was activated on the Sepolia testnet. The Sepolia version is the final major release before the mainnet upgrade's expected launch next month. This deployment marks the second phase of the Pectra testnet activation, with Pectra previously launched on the Holesky testnet on February 24. On March 5, Ethereum's Core Developer and Foundation Protocol Support Lead, Tim Beiko, wrote that they are investigating issues caused by a custom deposit contract on the Sepolia network. This has led to problems in some execution layer (EL) clients, including transactions in blocks. Related Reading: "Ethereum's Pectra Test Faces Another Hurdle, Will the April Upgrade Proceed as Planned?"

ETH Dips Below $2000 This Week; XRP's Fully Diluted Market Cap Overtakes Ethereum for the First Time

On March 3, according to CoinGecko data, XRP's fully diluted market cap ($272.6 billion) surpassed Ethereum ($271.6 billion) for the first time. On the 5th, Ethereum briefly fell below $2000, marking the first time since November 2023, with a 24-hour drop of 11.16%.

Ethereum's L2 Linea: TGE Will Not Take Place in Q1

On March 8, a Linea Discord community manager stated that the TGE will not take place in Q1. The team will announce progress once the final timeline is determined. In November last year, Linea, an Ethereum zkEVM L2 Rollup developed by ConsenSys, announced the formation of the Linea Association to drive Linea governance. Previous reports indicated that the project's TGE would take place in Q1 of this year.

David Sacks: White House to Support CRA to Revoke "DeFi Broker Rule"

On March 4, White House AI and Cryptocurrency Czar David Sacks wrote, "The White House is pleased to announce its support for the 'Congressional Review Act' (CRA) introduced by Senator Ted Cruz and Congressman Mike Carey to revoke the so-called 'DeFi Broker Rule' — the last-minute attack by the Biden administration on the crypto community." BlockBeats Note: The DeFi Broker Rule is a regulatory framework for intermediary service providers in decentralized finance (DeFi), such as exchanges, lending protocols, etc., aimed at ensuring compliance, user protection, and risk management. Key aspects include Anti-Money Laundering (AML), Know Your Customer (KYC), smart contract audits, fund security, and transparency requirements. Related Read: "Senate Repeals 'DeFi Broker Rule,' Is the US Launching a Lightning War on DeFi Deregulation?"

Soccer Star Ronaldinho Launches Meme Coin, Community Accuses Him of Double-Cross

On March 3, soccer star Ronaldinho launched a meme coin, and according to user @R10coin_, Ronaldinho collaborated with a Chinese (Shenzhen) team to issue the token and scam investors. In May 2024, @R10coin_ formally began discussions with Ronaldinho regarding issuing cryptocurrency. In January 2025, @R10coin_ and Mr. Ronaldinho formally signed a collaboration agreement. The total contract amount was $6 million, with $3 million paid as a deposit. Without communicating with @R10coin_, Ronaldinho signed another $10 million cooperation agreement with a different company, receiving a $5 million deposit, and then began promoting and hyping the company's token. An investigation revealed that the company was located in Shenzhen, China, and their actions were extremely malicious. They rapidly attracted investor funds using exaggerated marketing tactics, pumped and dumped quickly, and then absconded with the funds.

Subsequently, the Ronaldinho X account posted that they have relinquished ownership of the STAR10 token and extended the lock-up period to 255 years. On the same day, Binance founder CZ also took to social media to thank Ronaldinho for launching the STAR10 token on the BNB Chain, stating he has been a fan for 20 years. Related reading: "From Earning 100 Million a Year to Selling Tokens, Football Wizard Kicks at Retail Investors"

CZ Responds to the Community: Investors should not overinterpret my words due to language and cultural differences; YZi Labs' investment project incurs an 80% loss, and interaction with the community is "very casual"

On March 3, Binance founder CZ posted on social media, saying, "In English, the clearer you are, the better. Sometimes, not being explicit can even lead to legal responsibilities. In Chinese, it's best to be concise. If you are too blunt, others tend to understand the opposite. My communication style is English translated into Chinese mode. Please just try to understand the literal meaning. Don't overthink it."

On the same day, CZ responded to the community's questioning of his interaction with a controversial project (the token launched by Ronaldinho on the BNB Chain): "When a big shot comes to BSC, I interact with them; if each X requires a background check before replying, how can I respond to you? I strive for more interaction with the community, not less. It should be more rather than less in the future too. The investment and advisory of Labs are generally optimistic, but 80% of Labs' investment projects actually incur losses." Related reading: "CZ's Twitter Responses Trigger Backlash, Responds by Prioritizing Community Interaction"

Singapore's Largest Money Laundering Suspect Wang Shuiming May Be Extradited to China, His Associate Is the Mastermind of Hong Kong Crypto Platform Scam AAX

On March 4, according to Netease's Project St. Clean Stream, Wang Shuiming, the key figure in Singapore's largest money laundering case and a native of Anxi, Fujian, was arrested in Montenegro and is to be extradited to China. His partner, Su Weiyi, was previously identified as the mastermind of the Hong Kong cryptocurrency scam AAX and was arrested by the Hong Kong police in July 2024. In August 2023, the Singaporean authorities uncovered a $3 billion Singapore dollar (approximately RMB 16 billion) money laundering case, arresting 10 suspects, all from Fujian. They whitewashed funds from illegal Southeast Asian gambling and fraud through forged documents, shell companies, and cryptocurrencies. Wang Shuiming, a person of interest in the case, holds significant assets in Singapore and overseas, including a 32 million RMB investment in China, a factory, two Xiamen apartments, Hong Kong bank deposits, and cryptocurrencies.

Bybit Hacker Completes Washing of All 499,000 ETH Stolen, Takes 10 Days

On March 4, according to Ashes Monitor, the hacker has successfully washed all 499,000 ETH (about $13.9 billion) stolen from Bybit, a process that lasted 10 days. During this process, the price of ETH dropped by approximately 23%. The main channel used by the hacker for money laundering, THORChain, also gained $5.9 billion in transaction volume and $5.5 million in fee income from the money laundering activities. Related reading: "Bybit Incident Timeline: $1.5 Billion Stolen in This Incident Due to Safe Exploit, Suspicions Still Linger"

YZi Labs Announces Investment in Decentralized AI Lab Tensorplex Labs

On March 7, YZi Labs announced that it has invested in the decentralized AI lab Tensorplex Labs. Tensorplex Labs focuses on building AI applications, infrastructure, and tools to accelerate AI development and the implementation of decentralized technology in AI scenarios. Projects include Tensorplex Dojo, Backprop Finance, and more. Related reading: "Rising 500% in One Day, Understanding Yzi Labs' Investment in Tensorplex Labs?"

Zora Launches Its Native Token ZORA, Set to List in Spring This Year

On March 4, the Ethereum L2 network Zora announced the launch of its native token, ZORA, which is set to list in spring this year. ZORA plans to launch on the Base network with a total supply of 10 billion tokens. The first snapshot was taken on March 3, and the second snapshot will be taken three days before ZORA goes live. Zora already has over 2.4 million collectors and 618,000 creators, generating over $27.7 million in rewards. Content on Zora has driven over $376 million in secondary market transactions. Related reading: "Zora Airdrop Imminent, How Is the 6-year Accumulated Ecosystem Doing Now?"

Aave Community Releases New Proposal, Seeking Updates to AAVE Tokenomics, Protocol Surplus Redistribution, and More

On March 4th, Aave DAO service provider Marc Zeller issued a governance proposal seeking governance approval to implement the first part of the updated Aavenomics, which includes refreshing AAVE tokenomics, protocol surplus redistribution, sunsetting the LEND token, and updating AAVE's Layer 2 liquidity protocol management. The proposal suggests introducing Umbrella as a protection mechanism for Aave users while using surplus income from Aave DAO to reward Umbrella aToken stakers as a growth mechanism. The proposal authorizes Tokenlogic to provide token approval to AFC during each monthly funding round of the AIP, enabling AFC to execute and/or partner with market makers to buy AAVE tokens on the secondary market and distribute them to the ecosystem fund. ACI believes the proposal would empower AFC to immediately kickstart an AAVE buyback and distribution plan at a rate of $1 million per week for the first 6 months of approval. Further reading: "Interpreting the AAVE Buyback Proposal, Finally Triggering DeFi Dividends?"

OnlyFans Streamer Amouranth Claims Armed Robbery After Publicly Displaying Personal Crypto Holdings

Reportedly, on March 2nd, popular streamer Amouranth (real name Kaitlyn Siragusa) took to X to post multiple updates revealing she had been a victim of an armed robbery with the robbers demanding cryptocurrency while inside her residence. In November 2024, Amouranth had previously shared a screenshot showcasing her ownership of approximately 211 Bitcoins (BTC) valued at $20 million at the time and around $80,000 worth of Ethereum (ETH). Amouranth is known for her financial transparency, having shared her income streams on a YouTube finance show. She rose to fame on Twitch and became the most-watched female streamer in 2021 and 2022. Recently, she has also ventured into content creation on the OnlyFans platform.

Top Articles of the Week

"Everyone's Criticizing VC Coins, How Did This VC Round Perform?"

This article analyzes the investment performance of various VC firms in the crypto field, particularly focusing on their project token issuance rate and listing success rate on mainstream trading platforms (such as Binance, Bybit, Upbit, etc.). Based on this data, the article categorizes VCs into different levels, where T0-level VCs (such as Continue Capital and YZi Labs) have a significant advantage, especially excelling in multi-platform and cross-sector investments. T1 and T2-level institutions like Bain Capital and Mint Ventures, while having a higher number of investments, show a more balanced success rate. T3 and T4-level institutions possess unique advantages in specific sectors or regions, albeit with lower overall listing efficiency. Overall, the listing efficiency of VCs is a key indicator reflecting their investment precision but cannot entirely represent their overall strength.

"Trump: I Will Ensure the U.S. Becomes the Global Cryptocurrency Capital"

Trump has announced plans to make the U.S. a global cryptocurrency hub and to include five cryptocurrencies, namely Bitcoin, Ethereum, XRP, Solana, and ADA, in the national digital asset reserves. This move follows his earlier proposals to establish a Bitcoin strategic reserve and sign an executive order on the cryptocurrency working group. By advancing cryptocurrency policies, Trump not only has a short-term impact on market prices but also contributes to the long-term development of related cryptocurrencies' ecosystems. Trump's determination is evident in various initiatives, including issuing Trump tokens, promoting cryptocurrency donations, and establishing a cryptocurrency strategic reserve.

"Trump Designates Selected Cryptocurrency Strategic Reserve Candidates; Is Cardano's 'Air' Narrative Entirely Relationship-Based?"

Cardano's performance in the crypto market has always been closely watched, and its recent nomination by Trump as a U.S. strategic reserve asset has sparked discussions. Despite its relatively lagging technology and ecosystem development, Cardano's ADA price has seen a significant increase due to its ties with the U.S. government and market attention. Its founder, Charles Hoskinson's close government connections and Cardano's multi-narrative strategy have helped it stand out in the market. However, there are still many doubts about whether it can truly break through technical bottlenecks with the support of policy dividends. The market is also cautious about the implementation effect of this policy, believing it remains more at the intention stage.

"Trump's Influence on Coin Price Fluctuation: When Is the Best Time to Buy the Dip?"

The Trump administration has introduced a series of supportive measures for the crypto industry but failed to prevent the decline in Bitcoin's price and negative sentiment in the industry. The cryptocurrency market's downturn has been influenced by multiple factors, including meme coin dramas, hacks, and a decrease in investor risk appetite. Additionally, a drop in consumer confidence and international trade issues have exacerbated the external headwinds. Analysts believe that the industry may not see sustainable growth until 2026, especially through initiatives such as establishing a Bitcoin reserve or developing clearer market rules to encourage institutional investment.

"Bull and Bear Monthly Cycle: What's Next for the Crypto Market?"

The current market is full of uncertainty, especially against the backdrop of Trump's policies and the stock market's all-time highs, leading many investors to feel anxious. However, based on multiple market indicators, Bitcoin is still in the mid-stage of a bull market. While there has been some profit-taking behavior in the short term, there is still room for the market to rise. Ethereum faces significant challenges, especially given the price lag compared to Bitcoin and a lack of clear catalysts. Nevertheless, with the progress of L1 scaling and L2 modularization, ETH still has the potential for a strong rebound in the later stages of the market. As for altcoins, the current low speculation index may indicate an upcoming rebound, but caution should be exercised when considering factors such as market demand and tokenomics.

"Arthur Hayes: BTC Could Drop to $70,000 at Worst, But the Bull Market Cycle Continues"

Trump plans to drive his "America First" policy through debt financing, which could potentially trigger a recession to push the Federal Reserve to adopt loose monetary policies. To address the massive U.S. debt burden, Treasury Secretary Benson and Fed Chair Powell have implemented different measures, which could lead to an increase in money supply and lower interest rates, significantly impacting the market. Trump's initiatives to promote economic activity through cutting government spending, reforming bureaucratic agencies, and strengthening debt restructuring could result in significant fiscal stimulus and growth in the cryptocurrency market, particularly for Bitcoin.

"Trump's 'Pump-and-Dump' Strategic Reserves: Who Will Be the Next Crypto ETF?"

After Trump announced the cryptocurrency strategic reserve plan, the market reacted strongly, with major cryptocurrencies such as BTC, ETH, SOL, and ADA experiencing significant gains. The U.S. crypto market also saw a series of positive signals, including the SEC expediting the review of multiple cryptocurrency ETFs. In particular, spot ETFs for LTC, DOGE, SOL, and XRP are considered to have a higher probability of approval, which will bring a large influx of traditional funds into the crypto market, enhancing market stability. With the gradual development of crypto ETFs, it is expected that cryptocurrency will gradually move towards the mainstream financial market, with global policy convergence or accelerated crypto adoption, reshaping the market's investment structure.

"Cryptocurrency's 'Schrodinger's Cat': Trump's Cryptocurrency Strategic Reserve Plan"

Trump announced on Twitter that he would push for the inclusion of XRP, SOL, ADA, and other cryptocurrencies in the U.S. strategic reserve and expressed support for Bitcoin and Ethereum, leading to a significant surge in the crypto market. While this news triggered a positive market response, it also sparked various discussions. Some believe that this move could bring favorable conditions to the crypto industry, even potentially driving cryptocurrency to become a reserve asset for the U.S., while others view it as mere political strategy or rhetoric. Additionally, the market remains cautious about whether Trump's crypto policies and bills can be passed, leading to significant short-term volatility.

"Solana Staking Rewards Adjustment Proposal: What Impact Will It Have on SOL Price?"

The author of this article expressed concerns about Solana's proposed inflation reduction measure SIMD-0228, believing that the existing proposal does not fully address key risks and issues, especially regarding staking rewards, the relationship between inflation and selling pressure, tax optimization for staking rewards, and the number of validators. The author refuted several points in the proposal one by one, emphasizing that high staking rewards can boost DeFi profits, inflation has a minor impact on selling pressure, and staking rewards should not only consider U.S. tax policy. Furthermore, the author pointed out that deeper data analysis is necessary, especially to evaluate the proposal's impact on validators in different market environments.

"Rumors Abound: Can Trump's Cryptocurrency Capital Gains Tax Exemption Materialize?"

The market briefly surged on the news of Trump's support for cryptocurrency, only to quickly return to the starting point. The Trump administration may announce a tax-exempt policy for cryptocurrency sales at the March crypto summit, although this news has sparked controversy and skepticism. Currently, the U.S. imposes capital gains tax on cryptocurrency, and if this tax is repealed, it could attract more investment and market activity, but it would also reduce government revenue, potentially creating other fiscal pressures. However, tax reform would require congressional approval and is difficult to achieve in the short term. Therefore, this policy seems more like a vision that could impact the market but is challenging to implement.

"2025 Crypto Market Survival Plan: Is Stablecoin the Next Casino?"

This article discusses the possible direction of the cryptocurrency market in 2025, especially considering the lack of innovation, where the demand for stablecoins may increase. The author believes that if the market continues to bearish, yield-generating stablecoin products may account for 20-30% of the stablecoin market. With the growth of the stablecoin market, more developers and new DeFi innovations may emerge. Additionally, Trump's support for cryptocurrency policies contributes to the development of the U.S. domestic crypto industry, and investors should pay attention to the potential of U.S. domestic crypto tokens.

"Senate Repeals 'DeFi Broker Rule,' Is the U.S. Launching a Regulatory Lightning War on DeFi?"

The U.S. Senate overwhelmingly voted to repeal the 'DeFi Broker Rule,' demonstrating bipartisan support for the crypto industry. The rule required DeFi platforms to implement KYC and tax reporting, criticized as excessive regulation that does not align with DeFi's decentralized nature. The White House supports the repeal and indicates that Trump may quickly sign the bill into law. This decision is seen as part of the Trump administration's crypto deregulation policy, in conjunction with recent SEC regulatory loosening, approval of crypto ETFs, and other measures, which may create a more relaxed development environment for DeFi and the entire crypto market. However, balancing encouragement of innovation with regulation remains a key challenge.

"SBF's Latest Interview from Prison: Reveals Private GOP Donations as Real Reason Democrats Completely Abandoned Me | Deep Dialogue"

In this interview, SBF discusses his life in prison, interactions with Diddy, the Democratic Party's betrayal, the future of cryptocurrency, and his reflections on effective altruism with Tucker Carlson. SBF describes the monotony and challenges of prison life, reflects on the reasons for FTX's collapse, and criticizes the U.S. Securities and Exchange Commission's (SEC) regulation of the cryptocurrency industry. While he still believes in the principles of effective altruism, he acknowledges that helping others requires a deeper understanding. The interview also touches on SBF's uncertainty about the future and his struggles in law and relationships.

"Zora Airdrop Imminent, How is the 6-Year Ecosystem Maturation Now?"

Zora is set to launch the $ZORA Memecoin in Spring 2025, with a total token supply of 10 billion, 10% of which is allocated for airdrop. The Zora ecosystem primarily revolves around art social and creator tools, aiming to address the ownership issues of the Web2 era. It has introduced several innovative products such as an NFT trading protocol and a social app, even enabling every tweet to be converted into Memecoin. The team emphasizes that $ZORA is not a governance token but a Memecoin, and users participating in the airdrop need to qualify through interaction with the platform, including tweet rewards, likes, comments, and more.

"IOSG Founder: From Hong Kong to Denver, Ethereum Is Facing Its 'Dunkirk Moment'"

This article discusses the struggles and challenges of the crypto industry in the current stage, particularly focusing on the state of the Ethereum ecosystem. As market sentiment shifts towards short-termism, many investors and practitioners are abandoning long-term goals in favor of quick arbitrage, posing a severe test to Ethereum's long-term vision and ecosystem development. The article also mentions that entrepreneurs within the Ethereum ecosystem, especially tech-driven developers, are gradually losing confidence, with more turning their attention to the integration of AI and Web3. Despite this, the industry is actively seeking new breakthroughs, with capital and innovation bringing hope for the future, especially as Ethereum may address challenges by adjusting its governance structure and focusing on innovation at the application layer.

"ETHDenver2025 Short Essay Collection: The Market Is Not as Bleak as It Seems"

With a decrease in attendance at ETHDenver 2025 against the backdrop of a bearish market, the density of core builders has increased. Discussion topics have expanded from previous years' focus on Layer2 and Restaking to areas such as AI, modular blockchain, stablecoins, and RWA. While the short-term market sentiment is pessimistic, there is long-term optimism regarding technological development and regulatory trends in the crypto industry. Bitcoin L2, Ethereum high-throughput chains, and the Solana ecosystem remain active, with DePIN and AI topics receiving attention. Investors are more cautious about early-stage projects, and stablecoins and RWA tracks are gaining more focus. Overall, ETHDenver reflects that despite the crypto market being in a downturn, true builders are still deep in development, with the industry reverting to its technological essence.

"With a 20x Leaderboard Emerging, Is Sonic NFT Taking the Inside Track?"

The Sonic NFT market stands in stark contrast to the Hyperliquid NFT, with the former mainly led by DeFi players, and its ecosystem primarily focused on "equity-type" NFTs. Participants are mostly Sonic chain natives and DeFi users, and the ecosystem has a clear top-down characteristic. Sonic's flagship project Derps has garnered attention due to its close association with Sonic official personnel; holders can obtain $DERP tokens through NFTs and participate in DeFi gameplay. Furthermore, Sonic's other popular projects are mostly linked to token presales, airdrops, and other equity-related activities, and the future market direction will depend on further development of the Sonic ecosystem.

"Interpreting the AAVE Buyback Proposal, Finally Starting DeFi Dividends?"

The Aave DAO has proposed a governance proposal aimed at reshaping its economic model, including income redistribution, AAVE token buyback, Umbrella security mechanism, and LEND token retirement. In the proposal, Aave plans to allocate part of the protocol's revenue to stkAAVE stakers, introduce a new incentive mechanism called Anti-GHO, and initiate a $1 million weekly AAVE token buyback. Additionally, the Umbrella mechanism will enhance protocol security, facilitate cross-chain deployment, and strengthen risk management. The LEND token will eventually be retired, with unredeemed AAVE tokens being reclaimed. These series of measures are aimed at improving Aave's financial stability and market competitiveness, attracting more investor attention.

"Strategic Reserves and Power Games: The Crypto Order of the Trump Era"

Trump's negotiation style is centered around "controlling the pace" and "creating surprises," maximizing benefits by pressuring opponents and leveraging the media to magnify events. In the cryptocurrency field, he announced the inclusion of multiple currencies in the "strategic reserves," boosting the market, but his true intentions are hard to fathom, possibly aiming to secure US dominance by controlling the trend of the crypto market. Trump's strategy not only involves tough business and diplomatic tactics but also integrates cryptocurrency market intervention into the US interest network, promoting the "Americanization" of crypto. This authoritarian style of regulation may limit innovation in the crypto space.

"Life-and-Death Game of Hundredfold Leverage: A Review of Recent Cryptocurrency Whales' Wild Games and High-Stakes Gambling"

Recently, the Bitcoin market has experienced intense volatility, and in the turbulent market, some top whales have made huge profits through high-leverage trading. Whales like "Cool Xi" earned millions of dollars in a week with a $2000 principal, while another whale, with 50x leverage, seized a precise market opportunity to make a $6.83 million profit within 24 hours. However, some whales have also suffered significant losses due to operation errors or excessive market fluctuations, highlighting the enormous risk of high-leverage trading. These cases illustrate the challenges of extreme trading and fund management in the crypto market.

"a16z: Understanding the 7 Token Categories and the Origin of Crypto Asset Value"

With the diversification of blockchain tokens, different types of tokens exhibit significant differences in functionality, value, and risk. The main token types include network tokens, security tokens, company-backed tokens, utility tokens, collectible tokens, asset-backed tokens, and Memecoin. Network tokens are usually used to power the operation of blockchain networks, security tokens represent digitized securities assets, and company-backed tokens are associated with off-chain services of centralized organizations. Utility tokens serve as the currency in the digital economy, while collectible tokens represent ownership of tangible or intangible assets. Asset-backed tokens are usually linked to physical or digital assets, and Memecoin is primarily driven by speculation without intrinsic value. The design and function of each token determine its role and potential risks in the market.

"2030 Lookback at 2025: The Year Wall Street Officially Took Over Bitcoin"

The Bitcoin market is currently in the distribution phase, where traditional whales (OG retail and whales) are gradually selling off Bitcoin, and institutional investors are heavily buying through channels like ETFs. During this process, the market structure has undergone significant changes, institutional funds' entry has reduced market volatility, and the market is gradually maturing. Unlike past cycles, the participants in this bull market are more diversified, retail investors are exhibiting more rational behavior, and institutional funds are providing stable buying support. It is expected that in the second half of 2025, the Bitcoin market may enter the final distribution phase, with institutions becoming dominant, marking the maturity of the cryptocurrency market and the restructuring of the global capital structure.

"WSJ: The Battle of Life and Death Between Tether and Circle"

Tether's primary holder Giancarlo Devasini resides in seclusion in Switzerland, but a fierce competition with rival Circle's founder Jeremy Allaire is unfolding globally. USDT holds a dominant position in the crypto market, but is under scrutiny by the US government and regulatory agencies for alleged use by criminal syndicates. Allaire is advocating for regulation to weaken USDT's influence, while Devasini is attempting to block legislation against USDT. With Circle gaining regulatory advantages in the US, EU, and elsewhere, Tether faces a survival challenge, but the support of the Trump administration may bring new opportunities.

"Market Showing Bullish Sentiment Again, Recent Potential of AI Agent Field Alpha"

The US commitment to establish a strategic cryptocurrency reserve has boosted the market, especially after Trump mentioned BTC, ETH, XRP, SOL, and ADA, while AI tokens as a whole remained largely unaffected, hovering around a market cap of $6.5 billion. Launch platforms have been severely impacted by the market downturn, with Virtuals io experiencing a significant market cap decline, yet this has presented a challenge for new platforms, with some projects exploring fairer launch mechanisms. The AVA holo token launched by HoloworldAI has seen a counter-trend rebound, drawing attention with features such as AI character creation and personalized knowledge base, as its launch platform is set to debut. The market continues to explore innovative models, with some AI tokens showing greater resilience, warranting ongoing attention.