Weekly Crypto Market Highlights

Trends in U.S. Encryption Policy

The Trump administration has recently been active in the encryption currency field, attracting market attention. Trump signed an executive order to establish a strategic Bitcoin reserve and digital asset reserve, including Bitcoin, Ethereum, and four other encryption assets in the reserve list. Although it mainly relies on proceeds from asset forfeiture for funding support, it is still seen as a positive signal.

The cryptocurrency summit held at the White House has attracted significant attention, with about 25 industry representatives invited to attend. 29-year-old Bo Hines stands out as the leader, having nearly a decade of crypto investment experience before entering politics.

However, not all of the red states in Trump's base support the Bitcoin reserve plan. Currently, five states have expressed opposition, and Arizona may be the first to pass related legislation.

Market Analysis

The crypto market has been highly volatile recently. Arthur Hayes believes we are still in a bull market cycle, expecting Bitcoin to potentially pull back to $70,000 in the worst-case scenario. Some analysts point out that there are not many bearish factors left, and March 7 may bring positive news.

In a market with extreme volatility, relying only on luck makes it difficult to profit in the long term. Investors with specialized trading strategies are more likely to survive and profit in this environment.

AI and Meme Token Trends

The AI Agent field has achieved a significant breakthrough, with the Manus project, known as the "universal hand," attracting attention. ElizaOS and Swarm AI are competing on modularization and decentralization, reflecting the ideological struggle between the spirit of Web3 and AI centralization.

In terms of meme tokens, Grok AI's named GrokCoin has a 24-hour trading volume of over 100 million USD and has more than 12,000 holders, becoming a recent hot topic.

Dynamics of DeFi and Trading Platforms

Aave has proposed an updated token economic model and plans to launch a buyback plan, which is expected to join the ranks of DeFi dividend distributions. Jupiter's multi-strategy layout attempts to restore market confidence. Hyperliquid has become an on-chain trading "casino," with trading volume exceeding one trillion dollars.

Other Trends Worth Noting

• The Ethereum Developer Conference held in Hong Kong and Denver reflects the current state of the industry.
• Jump restarts its US encryption business and expands recruitment
• The investigation into the Safe{Wallet} hacking incident shows that the North Korean hacker group TraderTraitor is behind the attack.
• Eric Trump, son of Donald Trump, calls on traditional finance to follow the development of encryption.