Top Ten Trends in the Decentralized Finance and Crypto Assets Space
1. The Decentralized Finance options market is poised for takeoff.
With the resurgence of market volatility, DeFi options trading is expected to experience rapid development. Data from traditional financial platforms indicates that the income potential from options trading is enormous. However, for DeFi options to become mainstream, optimization is needed in user experience and mobile operations.
Currently, the complexity of options trading has led to a serious phenomenon of information asymmetry. If a user-friendly and low-threshold DeFi options platform can be developed, there will be an opportunity to achieve considerable returns. There are several related projects in the market at present, but there is still a certain distance from the ideal goal.
2. Modular Blockchain Becomes a Hot Topic
Modularity is a key concept in blockchain scalability, and this trend is expected to accelerate in 2023. Some emerging projects will attract market attention, while some mature ecosystems will also benefit from this trend.

Recently, the Bitcoin ecosystem has been developing rapidly, with Layer 2 projects becoming the new focus. Although inscription technology brings vitality, it has also led to network congestion and rising transaction fees. Layer 2 solutions are expected to alleviate pressure on the Mainnet, enhance network efficiency, and create new possibilities for ecological development. Multiple Layer 2 projects have emerged, possessing significant growth potential, worthy of investors' follow.

Gold and Bitcoin in the Global Currency System Reform
Recently, the global capital markets have experienced significant volatility, with the appreciation of the yen triggering a shift in carry trade, the VIX index soaring, and even gold experiencing a slight pullback due to liquidity shocks. Bitcoin has also seen a sharp decline alongside risk assets. Although this seems contradictory to the "twin" nature of gold and Bitcoin, we still believe that as the new international monetary system accelerates its evolution, the twin relationship between Bitcoin and gold will become even closer.
Since 1970, the price of gold (against the US dollar) has undergone three major upward cycles. The 1970s were the true "golden era," with the maximum increase of gold against the US dollar exceeding 17 times. During this period, the Bretton Woods system collapsed, the US dollar was detached from gold, and the two oil crises and geopolitical tensions highlighted gold's value preservation and safe-haven attributes. After the 1980s, the price of gold entered a consolidation phase, weakening in the 1990s, which was related to global inflation being controlled and economic.

Recently, the development of stablecoins, market capitalization tokenization (RWA), and Decentralized Finance (DeFi) has sparked attention towards the re-evaluation of the value of Ethereum (ETH). The rapid growth of stablecoin legislation and the RWA market, combined with institutional adoption of ETH, constitute important factors driving the value of ETH. With its security, liquidity, and decentralization characteristics, ETH has become a core asset of the new financial system.

Potential Crisis in the Crypto Assets Market: Risk Analysis of Dependency on Communication Platforms
This article will explore the hidden risks brought about by the cryptocurrency market's excessive reliance on a certain communication platform, and reveal the structural vulnerabilities faced by the industry through the incident of Vietnam's ban on this platform.
Main Points
1. Platform Dependency Risk Exposure: In June 2025, after Vietnam banned the use of a certain communication platform, user activity in major Crypto Assets communities plummeted by 45% within a few days. This event highlights a critical weakness in the encryption industry’s heavy reliance on a single, irreplaceable communication channel.
2. Lack of alternatives: Although the market has tried other communication tools such as Discord and Signal, none have been able to fully replicate the advantages of this platform in terms of global coverage, privacy protection, and encryption-native user experience. Currently, there is a lack of alternatives that can compete with it on scale.
3. Increasing global regulatory pressure

Recently, security experts shared a review of DeFi security courses that covered security incidents in the Web3 industry, analyzed common smart contract vulnerabilities such as Flash Loans, price manipulation, and reentrancy attacks, and suggested corresponding preventive measures. They provided security recommendations for project parties and users to enhance overall security.

Research on the Liquidity Fragmentation Issue in the Layer 2 Era
With Ethereum's transition to a Layer 2-centric scaling strategy and the rise of tools like RaaS, a large number of public chains are rapidly developing. Many entities wish to build their own chains to represent different interests and seek higher valuations. However, the emergence of numerous public chains has made it difficult for the ecosystem's development to keep pace with the public chains, leading to many projects failing immediately upon issuance.
With the help of OP Stack, a trading platform has launched its own Layer 2; with ZK technology, another trading platform has launched its own Layer; a certain company has released its own chain, and a certain communication software company has launched its own chain, etc. Nowadays, the capital and technical thresholds for building a chain have been greatly reduced, and the cost of operating a chain based on OP Stack is about $10,000 per month.
The future will definitely be an era of coexistence of multiple chains. It is just that...

This week, the financial markets are unusually volatile, with a high rise in stock markets, soaring yields in the bond market, and a depreciation of the dollar. Safe-haven assets such as gold and the yen have strengthened, and a liquidity crisis is looming. Investors are shifting their preference towards defense, and it is recommended to focus on key indicators such as U.S. Treasury liquidity and interest rate trends.

In-depth research on the whole chain game: encryption native core, bubble or revolution?
1. Introduction: What is a full-chain game?
Recently, the Pass card of the blockchain game Sky Strife has fomoed to 21,000 ETH on the testnet, causing many non-blockchain game players to marvel at the magic of this track. Since the release of "Pong" in 1972, the gaming industry has been on a wild ride, from classic 8-bit games like "Super Mario" and "The Legend of Zelda" to today's highly complex and socially engaging online games like "Fortnite" and "League of Legends". Games have long ceased to be simple entertainment. The social, competitive, and immersive experiences these games provide have surpassed our past imaginations.
With the rise of blockchain technology and the development of encryption currencies, the gaming industry is reshaping our experiences in unprecedented ways. From games that closely integrate gaming with the encryption economy, such as Axie Infinity.

A Chinese female delivery worker in the UK has been charged with involvement in a multi-billion Bitcoin Money Laundering case, related to the case of Blue Sky Gray Company for illegally absorbing public deposits. The main suspect laundered money through Jianwen, and the UK police have frozen 61,000 Bitcoins. Victims can seek compensation through cross-border recovery or civil lawsuits.

In 2025, AI startups continue to attract investment, and the generative AI market is expected to rise rapidly. Companies like AI Squared, Anthropic, and Anysphere have made significant progress in their respective fields, driving the widespread application and innovation of AI.

Recently, the blockchain industry will witness several important events, including the launch of the Movement Mainnet, the opening of the MegaETH Testnet, the announcement of a Bitcoin plan by U.S. Congress members, and the unlocking of multiple project Tokens. The market will also focus on the upcoming CPI data release and the progress of SOL Spot ETF approval. These activities will impact industry dynamics and investor decisions.

New Developments in NFT: Cross-Chain and Unique Artwork
With the continuous innovation of blockchain technology, the application scenarios of NFTs are also expanding. Users can freely access NFTs across chains, and the unique 1:1 NFT concept is sparking a new wave of enthusiasm. Certain networks are actively enhancing the cross-chain access capabilities of interconnected contract NFTs, creating new opportunities for the use of NFTs across different blockchains.
Some multi-chain networks have rich and diverse ecosystems, natively supporting ERC-721 and ERC-1155 standard NFTs, which can be used for cross-chain interconnected smart contracts. This means that Ethereum-compatible NFTs can be displayed and used on one platform without the need for cross-chain transfer. This flexibility will impact the application of NFTs in various fields such as gaming, the metaverse, and art collection.
Some networks are compatible with Ethereum and support cross-chain transfers of ERC-721 NFTs between Ethereum, but this may no longer be necessary.

The Ethereum Foundation announced the expenditure details, and Vitalik responded to the doubts.
Recently, the transparency of the Ethereum Foundation's fund usage has attracted widespread attention from the community. In response, the foundation publicly disclosed its official spending situation at the end of August.
The data shows that "new institutions" account for the largest share of foundation expenditures, at 36.5%. This category includes grants provided to multiple organizations, such as decentralized research centers, aimed at long-term enhancement of the Ethereum ecosystem.
The second largest expenditure category is L1 research and development, accounting for 24.9% of total expenditures. This includes funding for external client teams (62%) and internal foundation researchers (38%). Internal expenditures cover teams such as Geth, cryptography research, and Solidity, whose work is all public.
The remaining expenses of the foundation also include community development (12.7%), zero-knowledge applications (10.4%), internal operations (7.7%), and developers.

The Runes protocol is emerging in the Web3 space, utilizing inscription technology to record asset information on the Bitcoin Mainnet, demonstrating a difference from protocols like Ordinals. Its latest version introduces significant changes, and despite facing challenges of market timing and complexity, it still holds great potential and is expected to improve issues within the inscription ecosystem.

The Crypto Assets bill encountered obstacles in the U.S. Congress, and the regulatory outlook for the industry is uncertain.
On Tuesday, the U.S. House of Representatives held a procedural vote on three important Crypto Assets regulatory bills, which unexpectedly faced setbacks. The final vote count was 196 in favor and 223 against, with 13 Republican representatives voting against alongside Democrats, preventing these bills from moving into substantive debate.
The three bills are:
1. The stablecoin regulation bill aims to provide a clear regulatory framework for stablecoins.
2. The Digital Assets Classification Act aims to clarify the classification rules for digital assets.
3. The Central Bank Digital Currency Act prohibits the Federal Reserve from creating a Central Bank Digital Currency.
These bills are seen as the cornerstone of the United States establishing a comprehensive and predictable regulatory framework in the digital asset space, which could bring much-needed certainty to the market and attract more capital and innovation.
However, within the Republican Party

ZK co-processors are technologies designed to enhance the performance and scalability of Blockchain by generating zk-SNARKs through off-chain computation and data processing. They cover areas such as on-chain data indexing, Oracle Machine, and ZKML. Despite facing development difficulties and hardware issues, they still possess the potential to reconstruct Blockchain middleware and are expected to become important infrastructure for Web3 applications in the future.