Crypto Assets Industry Weekly Report

Macroscopic Perspective

Bitcoin is gradually becoming a liquidity hedging tool, with an increasing proportion of long-term holders and the participation of institutional investors being the main reasons. More and more listed companies are incorporating crypto assets into their balance sheets, initiating a capital game of valuation repricing. According to statistics, 30 publicly traded companies in the US have officially announced crypto reserve plans.

Industry experts predict that Bitcoin may hit $250,000 by the end of the year, while most altcoins struggle to replicate their former glory. In the second half of 2025, the crypto market may face dual challenges of interest rate cuts and system restructuring.

The competition in the stablecoin sector is fierce, with fintech companies and traditional payment giants actively making their moves. JPMorgan Chase has launched the JPMD "deposit token," deployed on the Base blockchain, which may have interest-bearing capabilities in the future.

With Circle successfully landing on the US stock market, the Crypto Assets IPO season seems to be arriving. Currently, 13 crypto companies are accelerating their rush to Wall Street, and market attention to crypto concept stocks has significantly increased.

AI and Meme

Artificial intelligence is developing rapidly and may have entered the early stage of the "singularity." Several AI projects have attracted venture capital interest, such as PrismaX and Yupp, which respectively received significant funding led by a16z. These projects aim to address issues such as AI data incentives and evaluation models.

Decentralized AI training has become a new focus in the industry, but it still faces challenges in multiple areas such as system architecture, communication protocols, and encryption security.

Seizing Opportunities

The social prediction market Upside on the Base chain has attracted attention, where users can buy and sell "votes" to predict content popularity and earn profits. There are signs of a rebound in the DeFi market, with the US SEC releasing positive signals, making multiple categories of projects worth关注.

The stablecoin yield sector is developing rapidly, with multiple projects dedicated to helping users "make money with money." EigenLayer has launched the verifiable cloud platform EigenCloud, which has secured $70 million in investment, aiming to integrate the trust of Web3 with the functionality of Web2.

Web3 Dynamics

A well-known e-commerce platform's blockchain subsidiary plans to obtain a license and launch a stablecoin in the early fourth quarter of this year. WhiteBIT exchange has risen against the trend during the Russia-Ukraine war, with its platform token skyrocketing four times within a year.

A large Crypto Assets exchange continues to expand its influence by sponsoring events and acquisitions to grow its business. However, the implementation of new platform regulations has led to the departure of some users, and the Alpha mechanism has shifted from score manipulation arbitrage to a greater focus on real interaction and value capture.

Industry KOL James Wynn has been accused of creating a "loss persona" through hedging operations with dual accounts. Top IPs like FIFA and Maplestory have chosen to issue exclusive chains on Avalanche, attracting industry attention.

Important News

Relevant authorities proposed that the disposal of virtual currency can explore overseas compliant monetization and a "black hole address" destruction mechanism. The central bank announced the establishment of an international operation center for digital RMB and will carry out pilot projects in the Shanghai Lingang New Area.

User login credentials of multiple tech giants have been leaked, which may affect Crypto Assets holders. A certain payment card service provider has suspended all card services, and the card issuance fee will be refunded to users' accounts.

Bank of America has listed Bitcoin as one of the most disruptive innovations of the millennium. A well-known blockchain project will seek to go public after a suspension of investigations in the US. Some believe that Trump's phone may focus on a profit model based on Crypto Assets transaction fees.