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Discussion on the market capitalization ceiling of the encryption industry
In the cryptocurrency industry, only two companies have reached a market capitalization of over 100 billion dollars, which may hint that the market capitalization ceiling of the industry is beginning to take shape. If we take a well-known pharmaceutical giant as a reference, its market capitalization is about 140 billion dollars, with quarterly profits reaching 4 billion dollars, which may represent the highest valuation level that some companies in the industry can achieve.
A well-known cryptocurrency exchange was once one of the most profitable exchanges in the world, with a market capitalization exceeding 100 billion USD at one point. During its initial public offering, its quarterly profit reached as high as 3 billion USD, demonstrating incredible profitability.
Another technology company known for holding Bitcoin has adopted a strategy of continuously issuing bonds to finance the purchase of Bitcoin. Currently, the company holds 331,200 Bitcoins, accounting for approximately 1.5% of the total Bitcoin supply, with a holding value of 33 billion USD. Industry experts analyze that the company's core model is

The Crypto Assets market is entering an opportunity period of 6-12 months, with technical aspects, global Liquidity improvement, and a stabilizing macro environment laying the foundation for the market. Institutional funds continue to flow in, and investors should operate rationally, follow market trends and economic indicators to seize potential opportunities.

Real asset tokenization (RWA) aims to enhance asset liquidity and transparency, but faces regulatory and technical challenges. Although some regions have introduced regulatory frameworks to promote RWA development, regulatory fragmentation and the caution of Financial Institutions remain obstacles. RWA has enormous potential and could reshape the financial system, requiring breakthroughs in existing barriers to achieve borderless investment.

Sam Altman shared his path to success, which includes compound interest growth, self-confidence, independent thinking, valuing sales, maintaining focus, working hard, being resilient, building a network, having appreciating assets, and intrinsic motivation. He believes that these factors are key to achieving entrepreneurial success.

A theft case involving millions of encryption coins reveals the divergence in the judicial community in our country regarding the classification of encryption assets, primarily manifesting in whether they should be regarded as "property," and triggering debates over the choice of charges. The case highlights the challenges faced by the law in addressing emerging encryption asset crimes and the urgent need for clear guidance.

In the Web3 field, high-net-worth investors face hidden investment risks, including false encryption funds, encryption bank deposits, and eyewash. By verifying sign up, checking licenses, and conducting independent investigations, these scams can be effectively prevented. Investors should remain vigilant to ensure asset security.

A well-known cryptocurrency exchange in Japan experienced a massive loss of Bitcoin, with the amount involved being approximately $300 million. Despite the exchange implementing strict asset management measures, the theft may have occurred due to an operator mistakenly transferring assets to a hacker-created Address. The exchange has committed to covering the losses and has reported the incident to the police, stabilizing market sentiment.

The Hong Kong Securities and Futures Commission's "Virtual Asset Roadmap" proposes 12 measures from five major aspects: connection, protection, products, infrastructure, and communication, to address challenges in market development, guide the future direction of virtual asset development, aim to enhance market activity, broaden product categories, and strengthen regulation, and promote the comprehensive development of Hong Kong's virtual asset market.

Zelensky's attire prediction event revealed the flaws of the Oracle Machine system, where the truth could be manipulated and bought. To address this dilemma, AI-driven Oracles provide a decision-making process that is free from financial incentives, resistant to bias, and ensures Traceability, potentially becoming an effective solution for upholding objective truth and ensuring social credibility.

On March 7, 2025, the U.S. White House held its first crypto assets summit. The market had initially anticipated favourable information regarding policies, but the summit did not announce new measures, leading to a short-term pullback in crypto assets. Despite the short-term caution, in the long run, policy easing may attract more institutions to participate, and the crypto market remains optimistic.

Blockchain industry financing dynamics for the week (3.1-3.7)
This week, a total of 32 investment and financing cases were announced in the blockchain field, involving an amount of approximately $309 million. The investment scope covers multiple areas including digital asset management, trading platforms, mining, DeFi, NFTs, and more.
Key Investment and Financing Cases
1. The crypto tax company TaxBit has completed a $100 million Series A funding round, led by Paradigm and Tiger Global, with participation from PayPal.

The crypto assets market has seen new changes in the past 24 hours, with a new emerging platform's volume surpassing that of well-known platforms, and the popularity of tokens within the BONK ecosystem continues. On the policy front, rumors of the "Beautiful Big Bill" may bring significant impacts. Investors should be cautious and avoid high-risk investments.

Recently, the re-evaluation of ETH's value has been driven by the integration of stablecoins, real-world assets (RWA), and Decentralized Finance (DeFi). The market capitalization of stablecoins has reached a new high, the RWA market is experiencing rapid growth, and mainstream institutions are seeing a surge in demand for ETH, indicating its emergence as a core asset in the new financial system, with a clear trend towards asset tokenization in the future.

The "battle of hundred models" in the AI field is in full swing, with Meta's Llama on one side and the UAE's Falcon on the other. The emergence of the Transformer Algorithm has accelerated the rapid development of large models, prompting countries and companies to compete. Despite the intense competition, there are still only a handful of true giants, and most models struggle to be profitable. The future value may be more reflected in specific application scenarios.

The macroeconomic fluctuations caused by tariff policies may lead to a restructuring of trade patterns, restrictions on international capital flows, and instability in the U.S. Treasury market. This is favourable information for encryption assets like Bitcoin, as they are seen as inflation-resistant tools. The stablecoin and DeFi markets also face opportunities and challenges, and the future financial market will undergo trials from severe fluctuations of the dollar.

Analysis of the Macroeconomic Situation and the Current Status of the Crypto Assets Market
The current Crypto Assets market is in a defensive consolidation phase, with mainstream coins showing resilience under pressure and small coins retreating, primarily influenced by increased uncertainty in the macro environment and weak capital momentum.
Macroeconomic Environment Analysis
The expectation of a delay in the Federal Reserve's interest rate cuts, along with rising tariffs and geopolitical risks, has suppressed market risk appetite. The scale of U.S. debt has reached 36 trillion dollars, with interest expenses as high as 880 billion dollars, and an expected additional 3 trillion dollar deficit over the next 10 years. This high level of debt may undermine long-term confidence in the dollar, pushing investors towards safe-haven assets like Bitcoin.
Regarding the Federal Reserve's interest rate cut expectations, the market anticipates that cuts may begin in the second half of 2025. If rates are cut by 1%, it could save the U.S. over $100 billion in interest expenses. Rate cuts will increase market liquidity, which is beneficial for risk assets such as Bitcoin.
The US Dollar Index reached a two-year high in December 2024,

Evolution of Ethereum L2 and Public Chain Ecosystem
The blockchain sector is currently undergoing a reshaping of its ecological landscape. With the rapid development of Ethereum Layer 2 solutions, the competition between L2 and various public chains is becoming increasingly fierce. By analyzing some key data and technological development trends, we can glimpse the outline of this evolving landscape.
The TVL and trading volume of the DeFi ecosystem
From the total locked value of DeFi ( TVL ), Arbitrum and Optimism have entered the top ten, ranking fifth and eighth respectively, surpassing most public chains like Avalanche and Solana. In terms of 24-hour DeFi trading volume, Arbitrum ranks third, and Optimism ranks fifth, only behind Ethereum, a certain trading platform, and top public chains like Polygon. This reflects the rapidly increasing activity of the L2 ecosystem.
Ecosystem project development

The Scalability Dilemma of Blockchain: Polkadot's Solution
In today's pursuit of higher efficiency in the blockchain field, a key question is gradually emerging: how to enhance scalability without sacrificing security and system resilience? This is not only a technical challenge but also a deep architectural choice. For the Web3 ecosystem, a faster system built on the sacrifice of trust and security often struggles to support truly sustainable innovation.
This article will delve into the trade-offs and compromises in Polkadot's design for scalability, comparing its solutions with those of other mainstream public chains, and discussing their different path choices among performance, security, and decentralization.
Challenges Faced by Polkadot's Expansion Design
The balance between flexibility and decentralization
The architecture of Polkadot relies on a network of validators and a relay chain. The operation of Rollup depends on connecting to the relay.

Ethereum Prague Upgrade Depth Research Report: Technological Innovations, Ecological Impact, and Future Prospects
1. Introduction: A Preview of the Prague Upgrade
Since its launch in 2015, Ethereum has been the core battlefield for technological innovation and application exploration in the blockchain industry. As a pioneering platform, Ethereum has led the wave of smart contracts and decentralized applications, having a profound impact in areas such as DeFi and NFTs. The technological evolution of Ethereum has transitioned from the initial PoW consensus mechanism to the PoS after the "merge" completed in September 2022, always seeking more efficient, environmentally friendly, and scalable solutions. The upcoming Prague upgrade has once again sparked widespread attention in the market.
The Prague upgrade is another important technical iteration of Ethereum, following the Cancun upgrade in March 2024, continuing to optimize network performance, reduce transaction costs, and enhance the programmability of smart contracts. The Prague upgrade involves adjustments to the underlying protocol and includes several far-reaching effects.