Crypto Assets Industry Weekly Report

Macroeconomic Trends

The Bitcoin market is showing signs of gradual maturity. The increasing proportion of long-term holders and the participation of institutional investors are gradually transforming it from a speculative asset into a liquidity hedging tool. At the same time, more and more listed companies are incorporating Crypto Assets into their balance sheets, initiating a capital game of valuation repricing.

Industry insiders expect that Bitcoin may hit $250,000 by the end of the year, while most altcoins struggle to replicate their past glory. In the second half of 2025, the crypto market may be caught in the whirlwind of interest rate cuts and the reshaping of the dollar system.

Stablecoin Trends

The competition in the stablecoin sector is becoming increasingly fierce. Fintech company Airwallex's co-founder believes that stablecoins are meaningless, while Stripe has invested heavily in building stablecoin infrastructure. At the same time, Shopify has integrated stablecoin payment solutions, and Ant Group is also vying for stablecoin licenses in multiple jurisdictions.

JPMorgan Chase's "deposit token" JPMD has launched experiments on the Base blockchain, claiming to be superior to stablecoins and potentially having interest-earning features in the future. This initiative is not a hasty decision but the result of long-term research by the bank's blockchain division.

Crypto Assets Company Listing Boom

With a payment company successfully listing on the US stock market and its stock price reaching new highs, market attention on Crypto Assets concept stocks has significantly increased. Thanks to the continuous optimization of the US regulatory environment and favorable policies, several Crypto Assets institutions are actively planning to enter the US capital market.

The Integration of AI and Crypto Assets

The field of artificial intelligence is witnessing significant breakthroughs. The CEO of OpenAI believes that humanity may have entered the early stages of the AI "singularity," marking the beginning of a new era of digital superintelligence.

Several AI projects have gained favor from venture capital. PrismaX has raised $11 million in funding, aiming to solve the challenges of incentivizing physical AI data. Yupp, on the other hand, has secured $33 million in seed round financing, attempting to reshape the discovery, comparison, and utilization of AI models.

Decentralized AI training still faces many challenges, involving system architecture, communication protocols, encryption security, economic mechanisms, model verification, and other aspects. Whether it can achieve "collaborative effectiveness + incentivizing honesty + correct results" is still in the early exploration stage.

DeFi and Emerging Projects

The DeFi sector is welcoming new opportunities. The U.S. SEC has released favorable signals, and several subfields are worth paying attention to. Emerging projects such as yield-generating stablecoins and social prediction markets are also constantly emerging.

EigenLayer has launched a verifiable cloud platform EigenCloud, securing $70 million in investment, aiming to merge the trust of Web3 with the powerful capabilities of Web2.

Exchange Dynamics

WhiteBIT unexpectedly rose during the Russia-Ukraine war, with its platform token seeing an astonishing increase in value within a year. A well-known exchange is attempting to strengthen its influence in mainstream society through active political donations and product innovation.

After the implementation of new regulations by another large exchange, approximately 100,000 users chose to exit its loyalty program. This indicates that the platform is gradually shifting from a score manipulation arbitrage tool to an incentive mechanism that emphasizes genuine interaction and value capture.

Regulation and Compliance

The People's Court of China suggests exploring the overseas compliance monetization of virtual currencies and the destruction mechanism of "black hole addresses". The People's Bank of China announced the establishment of an international operating center for digital RMB, and will carry out a comprehensive reform pilot for offshore trade finance services in the new area of Lingang, Shanghai.

A certain Asian crypto exchange has been hacked, and the attackers claim to release the exchange's source code and internal data. Meanwhile, a large number of login credentials for services like Apple and Google have been leaked, which may affect Crypto Assets holders.

Overall, the encryption industry is at a critical time of rapid development and transformation, with both opportunities and challenges.