1. David Friedberg stated: Google's quantum chip changed everything

If Google creates a large quantum bit computer and runs quantum algorithms, theoretically, it will be only a few years away from a computer capable of breaking all encryption standards. In the coming years, all computing and software will need to transition to post-quantum encryption.

2. The borrowing cost gap for the US-China 10-year government bonds has reached its largest level in over 13 years.

3. In the global market, commodities heavily reliant on Chinese demand, such as iron ore and copper, have also seen a decline. After Chinese authorities announced further monetary policy easing, the benchmark yield on government bonds fell to a historic low.

4. Central banks around the world are cutting interest rates, as if a global economic recession has already arrived. The Bank of Canada cut rates by 0.50% for the second consecutive time on Wednesday, while the European Central Bank and the Swiss National Bank cut rates by 0.25% and 0.50%, respectively. The Federal Reserve is scheduled to cut rates by 0.25% on Wednesday.

5. The current total market capitalization of cryptocurrencies is $3.77T, close to its fair value of $4.08T. The estimated peak at the top of the bull market cycle in 2025 is at least +2SD, with a valuation of $10.8T (assuming the peak occurs around November 2025), still having tremendous growth potential.

Historically, the total market capitalization of cryptocurrencies peaks 1-2 months after Bitcoin reaches the cycle top, indicating the start of a bear market.

6. Is cryptocurrency freedom under attack? A man from Massachusetts faces 20 years in prison after exchanging $25,000 in cash for $BTC related to counterfeit goods. The FBI stated he did so without a license and without KYC, contributing to crime.

7. The main driver of cryptocurrencies is currently the United States, as it holds 60% of global stocks. If we want to analyze future trends, greater attention can be paid to China.

8. BASE has become the leading Ethereum scaling network, with a TVL exceeding $4 billion. This is the first network to reach this level since the PoS in 2022. #Base now surpasses $ARB in terms of TVL, DEX trading volume, daily trading volume, and active addresses, and it also dominates stablecoin activity.

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