BlockBeats will organize the key industry news content of the week (3.3-3.9) in this article, and recommend in-depth articles to help readers better understand the market and learn about industry trends.
Important News Review
Trump held the first White House Crypto Summit and delivered a speech, and many industry founders were invited to attend
On March 8, the first White House Crypto Summit was held. US President Trump, White House AI and Cryptocurrency Director 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 crypto project founders were invited to participate. Participants took turns to speak, most of whom expressed praise for a series of progress in the crypto field after Trump took office and for Trump himself. Overall, the results of the summit were relatively dull, with only a commitment to develop a stablecoin legislative framework by August and a guarantee of more relaxed regulatory measures. These measures failed to ignite market sentiment as expected.
Trump signs executive order to formally establish strategic Bitcoin reserves
On March 7, David Sacks, director of AI and cryptocurrency at the White House, posted on social media that "President Trump signed an executive order to establish a strategic Bitcoin reserve." The executive order mentioned that the reserve will be capitalized with bitcoins owned by the federal government (approximately 200,000) and will not cost taxpayers a penny. The United States will not sell any bitcoin deposited in the reserve. It will be retained as a means of storing value. In addition, the executive order also established the U.S. Digital Asset Reserve, which includes digital assets other than bitcoin confiscated in criminal or civil proceedings. In addition to assets obtained through confiscation procedures, the government will not purchase additional assets for the reserve assets. The purpose of the reserve is to be responsible for the management of government digital assets under the leadership of the Treasury Department. Related reading: "Quickly look at the full text of the U.S. Bitcoin Strategic Reserve Executive Order" , "Trump signed an executive order on the strategic reserve of Bitcoin, why did the market plummet instead?"
Trump's tariff increase triggers sharp fluctuations in the crypto market
On March 4, Trump held a press conference to announce the tariff issue, confirming that a 25% tariff would be imposed on Canada and Mexico, and said there was no room for negotiation. Trump also said that tariffs would be imposed on imported agricultural products starting April 2, and that countries that "take measures to devalue their currencies" would be sanctioned by tariffs, raising tariffs on China to 20%. Under the heavy blow of the tariff stick, the U.S. stock market instantly evaporated $1.5 trillion that day, the S&P 500 index wiped out its gains since the election, and the market value of cryptocurrencies evaporated nearly $300 billion. Related reading: "U.S. stocks evaporated $1.5 trillion, cryptocurrencies evaporated $300 billion, and Trump held a super expensive press conference"
Trump: Will promote strategic reserves of cryptocurrencies including XRP, SOL and ADA
On March 2, Trump posted on social media, “After years of suppression by the Biden administration, the U.S. cryptocurrency reserves will enhance the status of this key industry, which is why my digital asset executive order instructs the Presidential Working Group to advance strategic reserves of cryptocurrencies including XRP, SOL, and ADA. I will ensure that the United States becomes the world’s cryptocurrency capital. We are making America great again!” About an hour later, Trump posted again, “Obviously, BTC and ETH and other valuable cryptocurrencies will be at the core of the reserves. I like Bitcoin and Ethereum, too!”
On March 8, David Sacks, the White House's director of cryptocurrency and artificial intelligence, answered the question "Will ADA, SOL, and XRP be included in the US cryptocurrency reserves, and why did the president mention them?" in an exclusive interview with Bloomberg. He said that the relevant currencies were mentioned by Trump only because they were in the top five in terms of market value, and the number of cryptocurrencies held by the US federal government will be calculated. Related reading: "Trump hand-picked Cardano to be included in the list of candidates for the strategic cryptocurrency reserve. Is the "air" narrative of Cardano all based on relationships?"
Utah Bitcoin bill passed, but did not include strategic reserve; Texas Senate passed Bitcoin reserve bill, intends to hold $500 billion in cryptocurrency
On March 8, it was revealed that the Bitcoin bill in Utah, USA, was passed, but it did not include the strategic reserve part. The bill includes basic protections for the rights to mine Bitcoin, run nodes, and self-management.
On March 9, it was reported that the Texas Senate passed Senate Bill No. 21 to establish a state Bitcoin reserve, further consolidating the state's leadership in the cryptocurrency field and setting a precedent for the entire United States. Texas Lieutenant Governor Dan Patrick announced that the Texas Strategic Bitcoin Reserve Act has received bipartisan support and will create a state-managed fund to hold Bitcoin and other cryptocurrencies. It will hold cryptocurrencies with a market value of at least $500 billion and will be eligible for state budget appropriations. In addition, the bill also established a Strategic Bitcoin Reserve Advisory Committee to provide guidance for fund management and require a holding report every two years. The bill still needs to be approved by the House of Representatives and signed by the governor before it can become law.
Trump's crypto project WLFI includes SUI in its strategic token reserve
On March 6, Sui Network announced a partnership with Trump Crypto Project WLFI. WLFI will include SUI in its strategic token reserve to support leading Web3 projects. WLFI and Sui have begun exploring product development opportunities.
Doge prototype Shiba Inu owner announces new pet Cocoro and issues related tokens
On March 8, Kabosu, the owner of the Shiba Inu that is the prototype of the Doge meme, announced his new pet Cocoro and issued a token Cocoro for it based on the Base network. The market value of Cocoro briefly exceeded $100 million, but has now fallen back to around $37 million.
Binance released an announcement on the recent GPS price anomaly investigation and froze the account of a market maker
On March 7, according to official news, Binance has expanded the monitoring label to GPS. Binance said that according to recent reviews, the price of GPS fell sharply immediately after the spot listing, and one of the market makers had abnormal behavior. The market maker sold approximately 70 million GPS between 13:00 (UTC) on March 4, 2025 and 9:55 (UTC) on March 5, 2025. During the above period, the market maker did not place any buy orders. After the spot trading started, the market maker continued to sell tokens and became the biggest winner, making a profit of approximately US$5 million. While Binance conducted an in-depth follow-up investigation on the matter, the market maker's account has been temporarily frozen. The next day, Binance officially released a statement on the "large short order" before the GPS announcement. After verification, the situation was normal market fluctuation behavior and there was no abnormal transaction.
The RedStone airdrop distribution ratio was questioned by the community, and Binance temporarily suspended listing of the coin
On March 5, the DeFi oracle RedStone launched the airdrop query page. The next day, RedStone officially opened the RED token airdrop application and pledge. But just after the airdrop query page was launched, the community's reputation took a sharp turn for the worse, and many users reported that this airdrop set an invisible barrier at the threshold. On the same day, according to Binance's official announcement, Binance decided to suspend the spot trading of RedStone (RED) because the RedStone project team changed the unexpected community airdrop ratio at the last minute. RedStone originally promised to allocate 9.5% of the total token supply to the community airdrop. But in reality, it was only 5% of the total supply. Later that day, RedStone announced that it would allocate an additional 2% of the total RED token supply to the omitted community members. Subsequently, Binance announced that it would resume the listing of RedStone (RED). Related reading: "RedStone "false propaganda"? Only 4,000 of the 230,000 community members received airdrops, which angered the public"
Solana's two protocol upgrade proposals will be voted on, and the SOL inflation rate may be adjusted
On March 5, asset management company VanEck reportedly said that in March Solana validators will vote on two blockchain protocol upgrade proposals (SIMD) that are designed to ensure that stakers receive rewards and adjust the inflation rate of SOL. Matthew Sigel, head of digital asset research at VanEck, wrote that the two proposals have caused "significant controversy" because they could cut validators' income by up to 95%, endangering small 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 in-protocol mechanism to distribute Solana’s priority fees to validator stakers. Traders can pay extra fees to speed up transaction processing, and priority fees account for 40% of network revenue, but currently validators do not need to share them with stakers. The proposal will be voted on March 6, which will increase staking rewards and prevent off-chain transaction protocols, strengthening on-chain execution.
The second proposal, SIMD 0228, is the "most influential" proposal, which will adjust the SOL inflation rate so that it is inversely proportional to the percentage of staked token supply, which may reduce dilution and reduce the selling pressure on stakers. According to Coin Metrics, as of February, Solana's inflation rate was 4%, lower than the initial 8%, but still well above the terminal target of 1.5%, and is currently declining at a rate of 15% per year. Related reading: "Solana's staking rewards adjustment proposal, what impact will it have on SOL prices?" , "Evaluating Solana's new proposal SIMD-0228, what does it mean for SOL validators?"
A bug appeared in the final testing phase of the Ethereum Pectra upgrade, and developers have begun investigating
On March 5, Ethereum’s upcoming Pectra upgrade was activated on the Sepolia testnet. It is reported that the Sepolia version is the last major release before the launch of the mainnet upgrade, which is expected to start next month. This deployment marks the second phase of the activation of the Pectra mainnet, after Pectra was launched on the Holesky testnet on February 24. On March 5, Tim Beiko, Ethereum core developer and head of protocol support at the Foundation, wrote that he was investigating problems caused by a custom deposit contract on Sepolia. This caused problems with some execution layer (EL) clients, including transactions in blocks. Related reading: "Ethereum Pectra testing encounters obstacles again. Can the April upgrade come as scheduled?"
ETH briefly fell below $2,000 this week; XRP's total circulation market value surpassed Ethereum for the first time
On March 3, according to Coingecko data, XRP's total circulation market value (US$272.6 billion) surpassed Ethereum (US$271.6 billion) for the first time. On the 5th, Ethereum briefly fell below US$2,000 for the first time since November 2023, with a 24-hour drop of 11.16%.
Ethereum L2 Linea: TGE will not be held in Q1
On March 8, the Linea Discord community administrator said that the TGE will not be held in Q1. The team will announce progress after the final schedule is determined. Last November, the Ethereum zkEVM L2 Rollup Linea developed by Consensys announced the establishment of the Linea Association to promote Linea governance. Related news showed that the project will hold TGE in Q1 this year.
David Sacks: White House will support CRA to revoke "DeFi Broker Rule"
On March 4, David Sacks, the White House AI and cryptocurrency director, wrote, "The White House is pleased to announce its support for the Congressional Review Act (CRA) proposed by Senator Ted Cruz and Congressman Mike Carey to revoke the so-called "DeFi Broker Rule"-this is the Biden administration's last-minute attack on the crypto community." BlockBeats Note: The DeFi Broker Rule is a regulatory framework for decentralized finance (DeFi) intermediary service providers (such as trading platforms, lending protocols, etc.) designed to ensure compliance, user protection and risk management. The core content includes anti-money laundering (AML), user identity verification (KYC), smart contract audits, fund security, and transparency requirements. Related reading: "The Senate revokes the "DeFi Broker Rule", and the United States launches a DeFi deregulation blitzkrieg?"
Football star Ronaldinho launches meme coin, community accuses him of "selling account" twice
On March 3, football star Ronaldinho launched meme coins, and according to X user @R10coin_, Ronaldinho cooperated with the Chinese (Shenzhen) team to issue tokens and defraud investors. In May 2024, @R10coin_ officially began to negotiate with Ronaldinho on the cooperation of issuing cryptocurrencies. In January 2025, @R10coin_ and Mr. Ronaldinho officially signed a cooperation agreement. The total contract amount is US$6 million, and US$3 million has been paid as a deposit. Without communicating with @R10coin_, Ronaldinho signed a cooperation agreement worth US$10 million with another company and collected a deposit of US$5 million, and then began to promote and warm up the company's tokens. The investigation found that the company is located in Shenzhen, China, and its behavior is extremely bad. They used exaggerated marketing methods to quickly attract investor funds, quickly pull up and smash the market, and then abscond with the money.
Subsequently, Ronaldinho X account posted that it had given up the ownership of STAR10 tokens and extended the lock-up period to 255 years. On the same day, Binance founder CZ also posted on social media to thank Ronaldinho for launching STAR10 tokens on BNB Chain, saying that he was his fan 20 years ago. Related reading: From earning 100 million yuan a year to selling accounts and issuing coins, the football elf kicked the leeks
CZ responded to the community: Investors should not over-interpret my words due to language and cultural differences; 80% of YZi Labs' investment projects lost money, and interaction with the community is "very casual"
On March 3, Binance founder CZ posted on social media, "In English, the clearer you are, the better. Sometimes there will be legal liability if you don't state it. In Chinese, it's best to stop at the point. If you are too straightforward, people will often understand the opposite. My communication mode is to translate from English to Chinese. Please just understand the literal meaning. Don't think too much."
On the same day, CZ responded to the community’s questions about his interaction with the controversial project (Ronaldinho’s token launched on BNB Chain): "I will interact with the KOL who come to BSC. If every X interaction requires background check, how can I reply to you? I strive to interact with the community as much as possible, not as little as possible. It will be the same in the future. Labs’ investment and advisors are "pre-optimized", and 80% of Labs’ investment projects also lose money." Related reading: "CZ was repeatedly "attacked" for his tweets, and responded that he would prioritize interaction with the community"
Singapore's largest money laundering criminal Wang Shuiming may be extradited to China, his partner is the mastermind of Hong Kong crypto platform scam AAX
On March 4, according to NetEase Qingliu Studio, Wang Shuiming, a native of Anxi, Fujian, who was involved in the largest money laundering case in Singapore, was arrested in Montenegro and will be extradited back to China. His partner Su Weiyi was the mastermind of the Hong Kong cryptocurrency scam AAX and was arrested by the Hong Kong police in July 2024. In August 2023, the Singapore police cracked a S$3 billion (about 16 billion yuan) money laundering case and arrested 10 suspects, all of whom were from Fujian. They laundered illegal gambling and fraud funds in Southeast Asia through forged documents, shell companies and cryptocurrencies. Wang Shuiming, a person involved in the case, holds a large amount of assets in Singapore and overseas, including 32 million yuan in domestic investments, a factory, two apartments in Xiamen, as well as Hong Kong bank deposits and cryptocurrencies.
Bybit hacker has completed the cleaning of all 499,000 stolen ETH in 10 days
On March 4, according to Ember’s monitoring, hackers had already laundered all 499,000 ETH (about $1.39 billion) stolen from Bybit, and the whole process took 10 days. The price of ETH fell by about 23% during this process. THORChain, the main channel used by hackers to launder money, also received $5.9 billion in transaction volume and $5.5 million in handling fees due to hackers’ money laundering. Related reading: "Bybit Incident Timeline | The $1.5 billion theft was caused by the Safe vulnerability, and the doubts have not been completely resolved"
YZi Labs announces investment in decentralized AI lab Tensorplex Labs
On March 7, YZi Labs announced that it has invested in the decentralized AI laboratory Tensorplex Labs. According to reports, Tensorplex Labs focuses on building AI applications, infrastructure and tools, using decentralized technology to accelerate the development of AI and the implementation of application scenarios. These include projects such as Tensorplex Dojo and Backprop Finance. Related reading: "A 500% surge in one day, how to understand Tensorplex Labs invested by Yzi Labs?"
Zora launches its native token ZORA, which will be available this spring
On March 4, the Ethereum L2 network Zora announced the launch of its native token ZORA, which will be available this spring. ZORA is planned to be launched on the Base network with a total supply of 10 billion. The first snapshot was taken on March 3, and the second snapshot will be taken three days before ZORA goes online. Zora already has more than 2.4 million collectors and 618,000 creators, generating more than $27.7 million in rewards, and the content on Zora has driven more than $376 million in transactions in the secondary market. Related reading: "Zora airdrop is imminent, what is the current state of the 6-year-old ecosystem?"
Aave community releases new proposals seeking to update AAVE token economics, redistribute excess protocol revenue, and more
On March 4, Aave DAO service provider Marc Zeller issued a governance proposal seeking governance approval to implement the first part of the updated Aavenomics, including updating the AAVE token economics, redistributing excess revenue from the protocol, abandoning LEND tokens, and updating AAVE secondary liquidity protocol management. The proposal suggests using Umbrella as a protection mechanism for Aave users, while using it as a growth tool by redistributing part of Aave DAO's excess revenue to Umbrella aToken stakers. The proposal authorizes Tokenlogic to provide token approval to AFC during the monthly fund management AIP, allowing AFC to execute and/or work with market makers to purchase AAVE tokens in the secondary market and distribute them to the ecosystem reserve. ACI believes that the proposal could authorize AFC to immediately launch an AAVE repurchase and distribution plan at a rate of $1 million per week within the first 6 months of authorization. Related reading: "Interpreting the AAVE repurchase proposal, has DeFi dividends finally started?"
OnlyFans anchor Amouranth claims she was robbed at gunpoint for publicly displaying her personal crypto assets
It is reported that on March 2, the well-known anchor Amouranth (real name Kaitlyn Siragusa) posted several posts on X, saying that she was robbed at home and the robbers shouted "I want cryptocurrency" in the house. In November 2024, Amouranth posted a screenshot on X, showing that she held about 211 Bitcoins (BTC), worth $20 million at the time, and about $80,000 in Ethereum (ETH). Amouranth is known for her transparency in personal finances and has shared her sources of income on YouTube's financial management show. She first came to prominence on Twitch and became the most watched female anchor in 2021 and 2022. Recently, she has also begun to enter the OnlyFans creation platform.
This week's hot articles
"Everyone is criticizing VC coins. Let's see how this round of VC performs?"
This article analyzes the investment performance of different VC institutions in the crypto field, especially the coin issuance rate of their investment projects and the success rate of listing on mainstream trading platforms (such as Binance, Bybit, Upbit, etc.). Based on these data, the article divides VCs into different levels. T0-level VCs (such as Continue Capital and YZi Labs) have significant advantages, especially in multi-platform and multi-track investments. T1 and T2-level institutions such as Bain Capital and Mint Ventures have a relatively balanced success rate despite a large number of investments. T3 and T4-level institutions have unique advantages in specific tracks or regions, although the overall listing efficiency is low. In general, the listing efficiency of VCs is a key indicator that reflects the accuracy of their investments, but it does not fully represent their overall strength.
Trump: I will ensure that the United States becomes the cryptocurrency capital of the world
Trump announced that he would promote the United States to become a global cryptocurrency center and include five cryptocurrencies, including Bitcoin, Ethereum, XRP, Solana and ADA, in the national digital asset reserve. His action is a further step after previously proposing to establish a strategic reserve of Bitcoin and signing an order for a cryptocurrency working group. Trump's policy of promoting cryptocurrencies not only has a short-term impact on market prices, but also promotes the ecological development of related cryptocurrencies in the long term. Trump's determination is reflected in his many initiatives, including issuing Trump tokens, promoting the acceptance of cryptocurrency donations, and establishing a strategic reserve of cryptocurrencies.
Cardano's performance in the crypto market has always attracted much attention, and recently it has sparked heated discussions because it was nominated by Trump as a U.S. strategic reserve asset. Although its technology and ecological development are relatively lagging, Cardano's ADA price has risen sharply thanks to its relationship with the U.S. government and the market's attention. Its founder Charles Hoskinson's close ties with the government and Cardano's multiple narrative strategies have helped it stand out in the market. However, there are still many questions about whether it can truly break through the technical bottleneck with the support of policy dividends. The market is also cautious about the implementation effect of this policy, believing that it is more at the intention stage.
"Trump affects the price of currency, when is the best time to buy the dips?"
The Trump administration has introduced a series of support measures for the crypto industry, but has failed to prevent the decline in Bitcoin prices and negative sentiment in the industry. The decline in the cryptocurrency market has been affected by multiple factors, including the meme coin farce, hacker attacks, and reduced risk appetite among investors. At the same time, declining consumer confidence and international trade issues have also exacerbated external headwinds. Analysts believe that it may take until 2026 for the industry to achieve sustainable growth, especially by building up Bitcoin reserves or formulating clearer market rules to promote the entry of institutional investment.
"Bull and bear markets cycle monthly, what's next for the crypto market?"
The current market is full of uncertainty, especially in the context of Trump's policies and high stock markets, many investors are panicking. However, based on multiple market indicators, Bitcoin is still in the middle of a bull market, and although there is some profit-taking in the short term, the market still has room to rise. Ethereum faces greater challenges, especially in the context of the price performance gap with Bitcoin and the lack of obvious catalysts. Nevertheless, with the progress of L1 expansion and L2 modularization, ETH may still rebound strongly in the late market. For Altcoin, the current low speculative index may indicate that they are about to rebound, but careful attention should be paid to factors such as market demand and token economics when choosing.
《Arthur Hayes: BTC may fall to $70,000 at worst, but the bull market cycle is still there》
Trump plans to promote "America First" policies through debt financing and may trigger a recession to force the Federal Reserve to adopt loose monetary policy. In order to deal with the huge US debt burden, Treasury Secretary Bessant and Federal Reserve Chairman Powell have implemented different measures, which may lead to an increase in money supply and lower interest rates, which will have a profound impact on the market. Trump's efforts to promote economic activity by cutting government spending, reforming the bureaucracy and strengthening debt restructuring may lead to large-scale fiscal stimulus and growth in the cryptocurrency market, especially Bitcoin.
"Trump "shill" for strategic reserves, who will be the next crypto ETF?"
After Trump announced the cryptocurrency strategic reserve plan, the market reacted strongly, and major cryptocurrencies such as BTC, ETH, SOL and ADA rose sharply. The US crypto market has also ushered in a series of positive signals, including the SEC's accelerated review of multiple crypto asset ETFs. In particular, the spot ETFs of LTC, DOGE, SOL and XRP are considered to have a high probability of approval, which will bring a large amount of traditional capital inflows to the crypto market and enhance market stability. With the gradual development of crypto ETFs, it is expected that cryptocurrencies will gradually move towards the mainstream financial market, and global policy convergence may accelerate the popularization of cryptocurrencies and change the market investment structure.
"Schrödinger's Cat of Cryptocurrency, Trump's Cryptocurrency Strategic Reserve Plan"
Trump announced on Twitter that he would push for the inclusion of cryptocurrencies such as XRP, SOL, and ADA in the U.S. strategic reserve, and expressed support for Bitcoin and Ethereum, leading to a sharp rise in the crypto market. Although the news triggered a positive reaction in the market, it also triggered different discussions. Some people believe that this move may bring benefits to the crypto industry and may even promote cryptocurrencies as reserve assets in the United States, while others believe that this is just a political strategy or empty talk. In addition, the market is still waiting to see whether Trump's crypto policies and bills can be passed, and volatility is relatively high in the short term.
"Solana staking rewards adjustment proposal, what impact will it have on SOL prices?"
The author of this article expressed concerns about Solana's proposed inflation reduction measure SIMD-0228, believing that the existing proposal does not adequately address key risks and issues, especially regarding staking rewards, the relationship between inflation and selling pressure, tax optimization of staking returns, and the number of validators. The author refuted multiple arguments in the proposal one by one, emphasizing that high staking returns can increase DeFi profits, inflation has little impact on selling pressure, and staking returns should not only consider US tax policies. In addition, the author pointed out that more in-depth data analysis is necessary, especially in different market environments, to evaluate the impact of the proposal on validators.
"Rumors are spreading, will Trump's cancellation of crypto profit tax be implemented?"
The market rose at one point on the news that Trump supports cryptocurrencies, but soon fell back to square one. The Trump administration may announce a tax-free policy for cryptocurrency sales at the March Crypto Summit, although the news has sparked controversy and doubts. Currently, the United States imposes capital gains tax on cryptocurrencies, and if this tax is abolished, it may attract more investment and market activity, but it will also lead to a decrease in government revenue and may bring other fiscal pressures. Nevertheless, tax reform needs to be approved by Congress and is difficult to achieve in the short term. Therefore, this policy is more like a vision that may have an impact on the market, but it is difficult to implement.
"Crypto Market Survival Plan in 2025, Stablecoin is the next casino?"
This article discusses the possible direction of the cryptocurrency market in 2025, especially the potential increase in the demand for stablecoins in the absence of innovation. The author believes that if the market continues to be bearish, yield-generating stablecoin products may account for 20-30% of the stablecoin market. As the stablecoin market grows, more developers and new DeFi innovations may emerge. In addition, Trump's pro-cryptocurrency policy will help the development of the US crypto industry, and investors should pay attention to the potential of US crypto tokens.
The U.S. Senate voted overwhelmingly to repeal the "DeFi Broker Rule," showing increased bipartisan support for the crypto industry. The rule requires DeFi platforms to perform KYC and tax reporting, and has been criticized as over-regulation and inconsistent with the decentralized nature of DeFi. The White House supports the repeal and said Trump may quickly sign the bill into law. This decision is seen as part of the Trump administration's crypto deregulation policy, and combined with recent SEC measures such as loosening regulation and approving crypto ETFs, it may bring a more relaxed development environment to DeFi and the entire crypto market, but how to balance encouraging innovation and regulation remains a key challenge.
In this interview, SBF discusses his life in prison, his interactions with Diddy, the Democratic Party's betrayal of him, 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 the collapse of FTX, and criticizes the US Securities and Exchange Commission (SEC)'s regulation of the cryptocurrency industry. Although he still believes in the principles of effective altruism, he admits that helping others requires a deeper understanding. The interview also touches on SBF's uncertainty about the future and his legal and interpersonal difficulties.
"Zora airdrop is coming soon, how is the ecosystem after 6 years of development now?"
Zora will issue $ZORA Memecoin in the spring of 2025, with a total supply of 10 billion tokens, 10% of which will be used for airdrops. The Zora ecosystem mainly revolves around art social networking and creator tools, and is committed to solving the Internet ownership problem in the Web2 stage. It has launched a number of innovative products, such as NFT trading protocols and social applications, and even allows every tweet to be converted into Memecoin. The team emphasized that $ZORA is not a governance token, but a Memecoin. Users participating in the airdrop need to qualify by interacting with the platform, including tweet rewards, likes, comments, etc.
《IOSG founder: From Hong Kong to Denver, Ethereum is entering the "Dunkirk moment"》
This article explores the dilemmas and challenges facing the crypto industry at the current stage, especially the current status of the Ethereum ecosystem. As market sentiment turns to short-termism, many investors and practitioners begin to abandon long-term goals and pursue quick arbitrage, and Ethereum's long-term commitment and ecological development face severe challenges. The article also mentioned that entrepreneurs in the Ethereum ecosystem, especially technology-driven developers, are gradually losing confidence, and more people are beginning to pay attention to the integration of AI and Web3. Despite this, the industry is also looking for new breakthroughs, and capital and innovation still bring hope for the future, especially Ethereum may respond to challenges by adjusting its governance structure and focusing on innovation at the application level.
《ETHDenver2025 Essay Collection: The Market Is Not As Bad As It Seems》
ETHDenver 2025 saw a decrease in the number of attendees amid a sluggish market, but the density of core builders increased, and discussion topics expanded from Layer2 and Restaking in previous years to areas such as AI, modular blockchain, stablecoins, and RWA. Although market sentiment is pessimistic in the short term, it is optimistic about the technological development and compliance trends in the crypto industry in the long term. Bitcoin L2, Ethereum high-throughput chain, and Solana ecosystems are still active, and DePIN and AI topics are attracting attention. Investors are more cautious about early-stage projects, and stablecoins and RWA tracks have received more attention. Overall, ETHDenver reflects that although the crypto market is at a low point, real builders are still digging deep, and the industry is returning to its technical essence.
"The 20x leader has emerged, will Sonic NFT "overtake on the curve"? "
The Sonic NFT market is in stark contrast to the Hyperliquid NFT, as the former is dominated by DeFi players, and its ecosystem is dominated by "equity-based" NFTs. Most of the participants are native residents of the Sonic chain and DeFi users, and the ecosystem has obvious top-down characteristics. Sonic's leading project Derps has attracted much attention due to its close connection with Sonic officials. Holders can obtain tokens $DERP through NFTs and participate in DeFi gameplay. In addition, Sonic's other popular projects are also mostly linked to rights such as token pre-sales and airdrops. The future market trend will depend on the further development of the Sonic ecosystem.
"Interpreting the AAVE repurchase proposal, has DeFi dividends finally started?"
Aave DAO has proposed a governance proposal to reshape its economic model, mainly including income redistribution, AAVE token buyback, Umbrella security mechanism, and LEND token retirement. In the proposal, Aave plans to distribute part of the protocol revenue to stkAAVE stakers, launch a new incentive mechanism Anti-GHO, and start a weekly buyback of $1 million in AAVE tokens. In addition, the Umbrella mechanism will enhance protocol security, cross-chain deployment, and strengthen risk management. LEND tokens will eventually be retired and unredeemed AAVE tokens will be recovered. This series of measures aims to improve Aave's financial stability and market competitiveness and attract more investor attention.
Strategic Reserves and Power Games: The Crypto Order in the Trump Era
Trump's negotiating style is centered on "controlling the rhythm" and "creating surprises", maximizing interests by oppressing opponents and using the media to amplify events. In the field of cryptocurrency, he announced that multiple currencies would be included in the "strategic reserve" to push up the market, but his real purpose is difficult to understand. It may be to gain dominance for the United States by controlling the trend of the crypto market. Trump's strategy not only involves tough business and diplomatic means, but also incorporates it into the US interest network through intervention in the crypto market and promotes the "Americanization" of crypto. This kind of authoritarian regulation may limit innovation in the crypto field.
Recently, the Bitcoin market has experienced dramatic fluctuations, and some top whales have made huge profits through high-leverage operations in the volatile market. For example, "Liang Xi" earned millions of dollars in just one week with a principal of $2,000, while another whale made a profit of $6.83 million in 24 hours with 50 times leverage and precise market timing. However, there are also whale that have suffered heavy losses due to operational errors or excessive market fluctuations, reflecting the huge risks of high-leverage transactions. These cases show the challenges of extreme operations and fund management in the crypto market.
As blockchain tokens have diversified, different types of tokens have significant differences in function, value, and risk. The main types of tokens include network tokens, security tokens, company-backed tokens, utility tokens, collectible tokens, asset-backed tokens, and Memecoin. Network tokens are often used to drive the operation of blockchain networks, security tokens represent digitized securities assets, and company-backed tokens are related to off-chain services of centralized organizations. Functional tokens serve as currencies 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, while Memecoin is mainly driven by speculation and has no intrinsic value. The design and function of each token determine its role and potential risks in the market.
《2030 Looking Back at 2025: That Year, Wall Street Officially Takes Over Bitcoin》
The Bitcoin market is in the distribution stage, with traditional big players (OG retail investors and whales) gradually selling Bitcoin, while institutional investors are buying in large quantities through channels such as ETFs. In this process, the market structure has changed significantly, and the addition of institutional funds has reduced market volatility and gradually matured the market. Unlike past cycles, the participants in this bull market are more diversified, retail investors have shown more rational behavior, and institutional funds have provided stable buying support. It is expected that in the second half of 2025, the Bitcoin market may usher in the final distribution stage, and institutions will become dominant, marking the maturity of the cryptocurrency market and the reconstruction of the global capital structure.
WSJ: Tether and Circle's life-and-death battle
Tether's main holder Giancarlo Devasini lives in seclusion in Switzerland, but the fierce competition between him and Jeremy Allaire, the founder of rival Circle, is taking place around the world. USDT dominates the crypto market, but it has been scrutinized by the U.S. government and regulators for allegedly being used by criminal gangs. Allaire pushes for regulation in the hope of weakening USDT's influence, while Devasini tries to block legislation against USDT. As Circle gains regulatory advantages in the United States, the European Union and other places, Tether faces survival challenges, but the support of the Trump administration may bring it a new turn.
"The market is bullish again, and the AI Agent field has recent potential Alpha"
The US's promise to establish a strategic reserve of cryptocurrencies boosted the market, especially BTC, ETH, XRP, SOL and ADA mentioned by Trump, while AI tokens as a whole were not significantly affected, and the market is still hovering around $650 million. The launch platform was severely hit by the market decline, and the market value of Virtuals io shrank significantly, but this also provided a challenge opportunity for new platforms, and some projects are trying a fairer launch mechanism. AVA holo launched by HoloworldAI rebounded against the trend and attracted attention with features such as AI character creation and personalized knowledge base. Its launch platform is about to be launched. The market is still exploring innovative models, and some AI tokens have shown greater resilience, which deserves continued attention.
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