Foresight News takes you through this week’s hot topics and recommended content:
01 BSC boom
" BSC "Dog Beating" Secrets: Tools and Strategies Dual Drive "
" BNB Chain Meme Craze Revelation: Will It Become Solana's Number One Competitor? "
02 Trump puts pressure on the Federal Reserve
" Trump puts pressure on the Federal Reserve. Can monetary policy "extend life" for the crypto market? "
03Infini theft case solved
" Earning millions a year but addicted to contracts: Did an insider stage a $50 million theft? "
04 Project Observation
Exploring Nillion: A comprehensive research report from Messari
A quick look at Converge: Ethena and Securitize’s compliance-first public chains
05 Industry Insights
From Financial Freedom to Zero, KOLs Tell the Three Lessons of the Last Bull-Bear Cycle
" Bloomberg: How does Wall Street view the mass adoption of cryptocurrencies? "
01 BSC boom
With the $2 billion investment from Abu Dhabi sovereign fund MGX in Binance and the influence of CZ, and the integration of the Alpha section on Binance's main site, BSC's Meme ecosystem has exploded. While the market is focusing on the "Middle East concept" and the movements of CZ and He Yi, smart investors have begun to use systematic tools to try to capture the next phenomenal opportunity in the chaos. Recommended reading:
" BSC "Dog Beating" Secrets: Tools and Strategies Dual Drive "
Tool combination: Twitter pop-up, DeBot, chain.fm
Operational ideas: Currently, the meme hype on BSC mainly revolves around the Middle East concept, as well as the content or pictures that CZ and He Yi have interacted, retweeted, and commented on. Therefore, paying close attention to CZ Changpeng and He Yi's Twitter dynamics is undoubtedly the best way to seize investment opportunities. Based on the popularity of interactive content, the popularity of tokens, Alpha expectations, contract expectations, and even spot expectations can be evaluated. Ambush interactive expectations can also be extracted, but the risk is relatively high. When investing, priority is given to memes with strong narratives. In the same narrative or content, priority is given to tokens with the highest market value.
Tool combination: GMGN KOL/VC monitoring, DeBot AI signals, chain.fm KOL channel
Operational ideas: Establish a KOL influence matrix, focus on KOLs that meet the requirements of "high fan stickiness + narrative ability + real-life verification", and comprehensively consider the popularity of Meme.
On the afternoon of March 19, CZ changed his X platform avatar to a personal image wearing a Muslim white robe. This seemingly personal move was instantly interpreted as the "ultimate endorsement of the Middle East narrative" against the backdrop of the lingering heat of the MGX investment incident. The token ALLAH (Arabic for "God") with the avatar as the logo soared nearly 40 times in 1 hour, with a market value of over 6 million US dollars. During the same period, CZ, the eponymous token CZ, which was riding the wave of popularity, instantly fell nearly 80% after rising 1,600%. The core reason was not a technical defect, but that its naming had nothing to do with Middle Eastern culture. In this craze, the strategic layout of Binance Wallet, community creativity and Middle Eastern cultural symbols are intertwined to form a unique "Meme manufacturing logic". Recommended reading:
" BNB Chain Meme Craze Revelation: Will It Become Solana's Number One Competitor? "
Developers with a keen sense of smell took immediate action, and within 24 hours, mubarak, named after the Arabic word for "blessing", was launched. Later, CZ posted a mubarak meme with his own avatar on his personal account on Binance Square, with the caption "I'm going to meet a friend this weekend 😂", pushing the popularity to a climax. The uniqueness of this carnival is that it does not rely solely on financial logic, but converts Arabic daily language into encrypted assets.
For example, Mashallah (Praise to Allah) and Inshallah (As Allah Wills) were originally blessings for people in the Middle East, but after CZ dug out old tweets from 2021 and reinterpreted them, the market value of related tokens soared by more than 10 million US dollars.
When He Yi joked about the mysterious person in the upper right corner of the organizational chart on March 13, she probably didn't expect that this would trigger a nationwide photo-editing movement. Users not only replaced the mysterious person with Musk, Vitalik, and even the avatars of major KOLs, but also derived a token with the same name, Palu, with a market value of more than 10 million US dollars. This industry chain of "official meme-community meme-token monetization" has become the standardized production process of BNB Chain Meme.
02 Trump puts pressure on the Federal Reserve
Trump posted on Truth Social after the FOMC meeting: "As US tariffs begin to transition to the economy (easing!), the Fed is better off cutting interest rates. April 2 is American Liberation Day!! "Trump strongly demanded that the Fed "cut interest rates immediately" and accused the high interest rate policy of being a continuation of "Biden inflation". Last month, Trump posted on Truth Social that "interest rates should be lowered, which will go hand in hand with the upcoming tariffs!! "It can be seen that the core logic is: lowering interest rates can reduce the government's debt costs of up to 36 trillion, while cooperating with tariff policies to promote the return of manufacturing. Recommended reading:
" Trump puts pressure on the Federal Reserve. Can monetary policy "extend life" for the crypto market? "
In the crypto-native market, recent favorable news from the regulatory level has led to the early recovery of some currencies, which may further promote the warming of the market under the premise of macroeconomic relaxation.
On March 12, the direct positive stimulus of Abu Dhabi's sovereign fund's $2 billion investment in Binance led to BNB and the BSC ecosystem taking the lead in the recovery of the crypto chain, and gave birth to phenomenal BSC meme trends such as MUBARAK, whose market value exceeded $200 million. On March 19, according to DeFiLlama data, the BSC ecosystem DEX's trading volume in the past 24 hours reached $2.664 billion, surpassing Ethereum's $1.356 billion and ranking first.
On the evening of March 19, the good news that "the US SEC will give up appealing Ripple" directly stimulated XRP to rise by 11.46% in a short period of time, with the highest point reaching $2.59. On March 20, Ripple CEO Brad Garlinghouse revealed in an interview with Bloomberg that the XRP ETF is expected to be listed by the end of 2025. He also said that Ripple Labs' IPO is not impossible.
03Infini theft case solved
On March 20, blockchain data platform Etherscan showed that the stablecoin digital bank Infini team sent a lawsuit notice to a hacker address (0xfc…6e49) through an on-chain message, and attached detailed court litigation documents. This case involves the theft of assets as high as 49.51 million USDC, which has attracted widespread attention in the industry. The plaintiff in the lawsuit is Chou Christian-Long, CEO of BP SG Investment Holding Limited, a wholly-owned subsidiary of Infini Labs. One of the defendants is Chen Shanxuan (Chinese name Chen Shanxuan), an engineer based in Foshan, Guangdong, China. The identities of the other two to four defendants have not yet been confirmed. Recommended reading:
" Earning millions a year but addicted to contracts: Did an insider stage a $50 million theft? "
According to the lawsuit, Infini is a digital bank that combines cryptocurrency and traditional financial services. Its core business includes providing payment solutions, high-yield accounts and cryptocurrency card services through the stablecoin USDC. Plaintiff Chou Christian-Long stated in the document that Infini worked with BP Singapore to develop a smart contract to manage the secure storage and transfer of company and customer funds. The contract was written by the first defendant Chen Shanxuan, and a multi-signature mechanism was designed to ensure that any fund transfer must be approved by multiple authorized personnel to improve the security of funds. However, things took a dramatic turn after the smart contract was mainnet. The lawsuit stated that Chen privately retained the super administrator privileges during the contract deployment process and lied to other members of the team that the privileges had been removed or transferred. On February 24, the plaintiff discovered that approximately 49.51 million USDC were transferred out of the fund pool without authorization, and the funds flowed to multiple unknown wallet addresses without multi-signature verification. According to preliminary investigation, the funds were subsequently converted into DAI and used to quickly purchase 17,696 Ethereum (ETH), which were eventually dispersed to multiple addresses. Some of the funds could be traced back to the privacy tool Tornado Cash.
In addition, the plaintiff mentioned in the affidavit that he recently learned that Chen Shanxuan had a serious gambling habit and might have been in huge debt. The document included several screenshots of message records, in which Chen confessed in conversations with others that he had messed up everything and expressed despair about life, saying that sometimes he really wanted to end it all and that life was too tiring.
04 Project Observation
Nillion overcomes these limitations by enabling data transmission, storage, and computing without decryption, ensuring that sensitive information remains private and secure throughout its lifecycle. This approach, called Blind Compute, decentralizes trust and expands the application scenarios of decentralized networks to previously undeveloped "blank" areas, such as private AI agents, private large language model (LLM) reasoning, and other industries that require data security protection. By using advanced privacy-enhancing technologies (PETs) such as multi-party computing (MPC), fully homomorphic encryption (FHE), and trusted execution environments (TEEs), Nillion allows data to remain encrypted during the computation process. Recommended reading:
Exploring Nillion: A comprehensive research report from Messari
The Nillion Network is a decentralized infrastructure designed to support security and privacy protection for high-value data. It consists of two core layers: (i) the coordination layer, which is responsible for management and payment; and (ii) the Petnet layer, which is responsible for computation and storage. At the core of the network's functionality is Nillion's multi-party computation (MPC) protocol, which enables computation on private data without leaking a single input. The Nillion ecosystem is supported by a series of application tools (i.e., nilAI, nilVM, nilDB, and nilChain) that enable developers to build privacy-focused applications. In addition, academic papers in the fields of cryptography and privacy technology have also confirmed the effectiveness of Nillion's technology.
Multi-party computation (MPC) is a subfield of cryptography that allows individuals to collaborate to compute results from their joint data without exposing their individual input data. Nillion developed an MPC protocol called Curl, which is based on the Linear Secret Sharing Scheme (LSSS), but extends its capabilities to efficiently handle complex operations such as division, square roots, trigonometric functions, and logarithms. This makes Curl highly scalable and well suited for solving real-world problems, such as privacy-preserving AI agents, where the output does not grow linearly with the input. Curl follows a structured two-stage workflow
On March 18, 2025, at the Tokenize Summit in New York, Ethena, the leader in synthetic dollar protocols, and Securitize, an asset tokenization platform, announced the launch of Converge, a blockchain network designed specifically for institutional investors. The project is positioned as the "settlement layer for traditional finance and digital dollars" and will achieve smooth migration of existing smart contracts and DApps through seamless compatibility with the Ethereum Virtual Machine (EVM). It is planned to be officially launched in the second quarter of 2025. Recommended reading:
A quick look at Converge: Ethena and Securitize’s compliance-first public chains
Converge aims to provide traditional financial institutions with an infrastructure platform that meets strict compliance requirements without sacrificing technical performance.
The platform makes full use of the EVM compatibility to achieve seamless integration of Ethereum smart contracts and decentralized applications, thereby significantly reducing the migration costs of developers and users. At the same time, the architecture draws on technologies such as Rollup to ensure the system's dual advantages in scalability and security. In order to meet the multiple requirements of global supervision, Converge has introduced strict compliance measures including KYC/KYB verification, institutional-level custody services (provided by Anchorage, Fireblocks, etc.), and licensed verification nodes.
In Converge's design, USDe, USDtb and sENA will play a vital role as core financial assets supporting the entire chain. At the same time, the network will be built on a set of licensed institutional-level verification node systems, and these verifiers need to stake Ethena governance tokens ENA to ensure the security and stability of the network. In addition, USDe and USDtb will serve as network native GAS tokens, allowing users to trade at a lower friction cost, thereby improving the overall transaction efficiency and user experience of the platform.
In the business field, the complexity of blockchain technology, such as private key management, gas fees, and development barriers, has deterred many companies and developers. Against this backdrop, the blockchain development platform Crossmint came into being. The company, founded in 2022, firmly believes that future businesses and AI agents will be on-chain, and Crossmint will make building and using on-chain applications simpler and more efficient. Recommended reading:
As a blockchain infrastructure platform, Crossmint helps enterprises and developers easily integrate into the blockchain ecosystem by providing one-stop development tools, integrating blockchain functions into applications, AI agents or businesses, thereby eliminating technical complexity and accelerating the popularization of Web3.
Specifically, Crossmint provides customers with complete blockchain backend support with just a few lines of code, covering functions such as wallets, tokenization, payments, and on-chain certificates.
Crossmint’s product is similar to Alchemy’s, but it targets more traditional tech companies, fintech firms and banks, the founders told Fortune.
05 Industry Insights
This article will answer this question with detailed data. I analyzed more than 200 programmatic advertising campaigns launched by more than 70 advertisers on the Addressable platform in 2024, targeting more than 1.5 million users worldwide, aiming to study the situation of CPW under different market cycles, regions, campaign execution and audience segments. Recommended reading:
Bull-Bear Cycles: 2024 has experienced two distinct market cycles. At the beginning of the year, the market performed strongly, with a bull market in the first quarter, and the total market value of cryptocurrencies increased by 21% month-on-month to $1.7 trillion. However, this momentum reversed in the second quarter, with a month-on-month decline of 12%, and the situation deteriorated further in the third quarter, with the market falling 27% month-on-month. However, in the fourth quarter, the market rebounded strongly, with a month-on-month increase of 109%, entering another bull market phase. These market changes naturally affected CPW, but the impact was not uniform.
The fluctuations of CPW during different market cycles reveal more than just the expected pattern of low costs in bull markets and high costs in bear markets. It also highlights the sensitivity of different regions to market fluctuations, the importance of timing, and the strategic advantages of targeting resilient markets.
Developed Markets: Developed markets like the U.S. and Western Europe tend to offer more predictable CPW during bullish phases, but are also highly resilient. In the first quarter, U.S. CPW remained at $5.87, but as sentiment shifted in the third quarter, costs soared nearly 4x to $22.81. Western Europe showed a similar pattern with more dramatic volatility, soaring 27x from $1.18 to $32.79. While these markets offer scale and quality during bullish periods, costs increase significantly when sentiment turns bearish, making them less sustainable during market downturns.
Before I entered the crypto world, I had been a startup founder. In 2016, I went all in on my third startup, Digital Gorkha. We built a simple visitor management and security app for physical venues and raised some money, but from a group of inappropriate investors, giving away too much equity. This misstep got us into trouble. Despite steady traction and revenue, raising a Series A was nearly impossible due to the messy equity structure and the fact that we were building a product with no real technical moat. Recommended reading:
From Financial Freedom to Zero, KOLs Tell the Three Lessons of the Last Bull-Bear Cycle
I founded the Its Blockchain blog to record my learning experience in the blockchain field.
Relaunched GetXS as an independent startup with a new co-founder.
Working as a blockchain consultant for an IT company in Bangalore.
One day I published an article: Top 10 Cryptocurrencies to Buy in August and the server crashed. Even after three upgrades, the site still had 150,000 page views that month.
I saw a market need, and we doubled down on creating these listicles, with traffic soaring to 1 million views at its peak.
The ICO boom was in full swing, and we were getting tons of traffic, so I started monetizing it by offering advertising, paid articles, and consulting services to crypto investors.
"Clearer regulations, broad industry collaboration, and solid public-private partnerships will be key elements in the scaling of digital assets in traditional finance. Our business is built on a history of innovation and is constantly evolving, just like the industry we serve. By working closely with clients, regulators, traditional financial institutions, and emerging fintech companies, we are able to explore and build the future of finance and currency." Mallela and Tyrone Lobban co-lead JPMorgan Chase's blockchain business unit Kinexys (formerly Onyx). The department's Kinexys digital payment is a blockchain-based payment tool that processes more than $2 billion in payments for bank customers every day. Recommended reading:
" Bloomberg: How does Wall Street view the mass adoption of cryptocurrencies? "
“Blockchain and digital assets are becoming an increasingly important part of the global financial landscape, driven by the accelerating transition from proof-of-concepts to actual commercial products. Looking ahead, the single most important change that will accelerate the adoption of these technologies will be the integration of an interoperable, institutional-grade infrastructure to connect the blockchain ecosystem with the traditional financial system. Over the next 12 to 36 months, we expect to see an accelerated phase of digital assets maturing and becoming more deeply integrated into the financial ecosystem, with opportunities for collaboration between banks, regulated financial market participants, global regulators, and lawmakers.”
Butler leads all business and strategic initiatives for BNY Mellon in digital assets and tokenization, including its digital asset platform. BNY Mellon provides accounting, management and other services for most U.S. digital asset exchange-traded products and their issuers. In 2024, the bank also participated in the European Investment Bank's digital bond issuance as a custodian, paying agent and investor, and became the fund manager and custodian of BlackRock's tokenized money market fund BUIDL.
