In the recent cryptocurrency market, major projects and policy trends are frequently intertwined, which has an important impact on the overall trend. First, the cross-chain bridge between Ethereum and Sonic launched by Sonic Labs has improved the interoperability of Ethereum and attracted more developers and users to participate. Blockdaemon executives mentioned that Hong Kong may include staking services in the Ethereum spot ETF this year, which means that the process of compliance is accelerating, which will bring more institutional investment to Ethereum. At the same time, Bernstein pointed out that the increasing importance of stablecoins in the global financial system, especially the strong demand in cross-border payments, reflects the trend of digital assets being integrated into traditional finance. In addition, the World ID service launched by Worldcoin in Poland helps the combination of identity authentication and blockchain technology, and promotes the expansion of its application scenarios. Against this background, the price of the Meme coin NEIROETH on the Ethereum chain soared by more than 51%, indicating active market sentiment. On the contrary, the technical compatibility issues of NB Chain and Arthur Hayes' expectations of the Fed's policy show potential market anxiety. In summary, the current cryptocurrency market is showing a positive trend driven by favorable policies and project innovation, but we still need to be vigilant about the uncertainties brought about by macroeconomic factors.