1. The second wave of spring breeze: the "Trump-style resurgence" of established public chains

Recently, the price of XRP soared to US$2.84, with its market value exceeding US$146 billion, becoming the third largest crypto asset in the world. This phenomenon is mainly driven by the following factors: New product layout: Ripple actively launches ETFs and stablecoins to attract more institutional investors; Positive expectations: The United States will adopt more friendly encryption regulations; Market capital inflows: Whale accounts are active, promoting Market sentiment is high. Click to read

2. Wall Street Journal: How the “2X MSTR ETF” affects MicroStrategy stock price amid BTC mania

Investors are flocking to a pair of turbocharged ETFs to ride on Bitcoin’s momentum, but they contain implications that have not yet been Hidden risks that are widely understood. These ETFs are designed to amplify the daily returns of MicroStrategy, a software company that has turned itself into a Bitcoin buying machine. They use complex derivatives bets designed to deliver double the daily returns on stocks - whether they rise or fall. These ETF funds are managed by asset managers Tuttle Capital Management and Defiance ETFs and are inherently risky. MicroStrategy itself is a leveraged bet on Bitcoin, holding about $35 billion in the cryptocurrency. But bullish investors have pushed its market capitalization to nearly $90 billion, more than twice the value of its Bitcoin holdings. Skeptics say this is unsustainable. Click to read

3. Arthur Hayes: Meme+ICO will make ICO great again

Since the ICO craze stopped in 2017, capital formation has become less pure and deviated from the purpose of inspiring the greed of the community. Instead, there are tokens with high fully diluted value (FDV), low circulating supply, or VC backing. VC tokens have performed poorly so far in this bull market cycle (2023-present). In my article “ PvP ” I pointed out that in 2024 legacy coins will underperform the major coins (Bitcoin, Ethereum and/or Sol) by around 50% on a median basis. Retail investors can eventually purchase these projects through listings on major centralized exchanges (CEX), but they are unwilling to pay such high prices. As a result, exchanges’ internal market-making teams, airdrop recipients, and third-party market makers dumped tokens into illiquid markets, leading to dismal performance. Why have we as an industry forgotten the third pillar of crypto’s value proposition…making retail investors rich? Click to read

4. Current status of Hyperliquid TGE and decentralized perpetual contract agreement landscape

Recently, Hyperliquid TGE has issued airdrops to the community, and its token HYPE has risen from US$2 per coin to a maximum of US$9.8, with an FDV of nearly 100 billion dollars. HYPE is currently trading around $8.3swing. This article reviews Hyperliquid’s TGE incident and the current status of the decentralized perpetual contract DEX landscape. Click to read

5. Grayscale: The U.S. election becomes a turning point for the encryption industry. 2025 market forecast

The results of the U.S. election pushed Bitcoin to a record high. Although cryptocurrency is a bipartisan issue, Grayscale Research predicts that unified Republican control of the White House and Congress should result in legislation and regulatory oversight more conducive to industry innovation. President-elect Trump’s nominations for key cabinet positions appear to be consistent with a pro-cryptocurrency agenda. 2024 is a favorable period for cryptocurrency returns, and Grayscale Research believes the bull run may continue next year. Click to read