1. A new chapter in the crypto market cycle: stagnation, bubbles, challenges and leaps
The birth of Bitcoin coincided with the global economic turmoil, and its original intention may be a response to the excessive issuance and intervention of legal currency. Looking back on its development history, China was once a key force in promoting the booming crypto industry, especially in the field of mining, which once occupied two-thirds of the global market share. With the golden age of real estate and the Internet, the overall economy has been booming. However, after entering 2021, with the cooling of real estate and the slowdown of economic growth, market liquidity has gradually dried up, and the crypto market has also entered a new cycle.
2. Ripple's new ecosystem layout: EVM sidechain, stablecoin and strategic acquisition
Ripple is actively preparing for the launch of the XRPL EVM sidechain in 2025 and has entered the internal testing phase of the US dollar stablecoin. This move marks Ripple's transformation from a single payment solution to a comprehensive ecosystem. Although it focuses on the RWA field, Ripple's ecological layout is different from traditional public chains, showing a unique strategic perspective.
3. Fractal Bitcoin activates new vitality in the BTC ecosystem, and CAT20 tokens spark heated discussions
Recently, the Fractal Bitcoin project launched by UniSat has become a hot topic in the crypto community. As part of the Bitcoin expansion plan, projects and tokens within its ecosystem, such as FLUX, PizzaSwap, and Wukong, have been favored by early investors. The rise of the CAT20 token protocol has injected new vitality into Fractal Bitcoin and the entire BTC ecosystem.
4. Market Outlook under the Token “Re-staking” Trend
Dovey Wan, founder of Primitive Ventures, made a unique analysis of the "re-staking" phenomenon: from a technical perspective, it is similar to the PoS version of merged mining; from an economic perspective, it is an efficient way to utilize on-chain resources; from a commercial perspective, it is a typical arbitrage strategy, similar to the ICO distribution mechanism of pre-released projects. This phenomenon has triggered in-depth thinking in the market about the future crypto-economic model.
5. SBF applied for a retrial, accusing the judge of bias affecting a fair trial
FTX co-founder Sam Bankman-Fried filed for a retrial while in prison, accusing the federal judge of bias during the trial, which prevented him from fully defending himself. His legal team emphasized in the brief of the Court of Appeal that after FTX went bankrupt, the atmosphere of "public opinion first" led to a serious impact on the principle of fair trial. This incident once again focused public attention on the regulation and judicial fairness of the crypto industry.
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