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Web3 Industry Weekly Report: Bitcoin Breaks $500,000 Prediction, Memecoins Sweep Young Investors
Web3 Industry Weekly Update
Macroscopic Perspective
The Bitcoin market is at a critical juncture, with on-chain data showing strong capital inflows and investor confidence is recovering. However, external factors may still trigger volatility.
New Hampshire has become the first state in the United States to incorporate Bitcoin into its state financial reserves, establishing a legal status and policy framework for Bitcoin. This initiative aims to provide tools for hedging against inflation and diversifying the state’s financial portfolio.
The current state of the cryptocurrency market shows that profits mainly come from selling rather than holding. The HODL strategy and DeFi craze have faded, and the private placement market is also showing signs of decline.
The CEO of a well-known trading platform stated that 99% of meme coins will ultimately fail. He predicted that the highest price of Bitcoin in this cycle could be between $500,000 and $1,000,000.
Industry veteran Arthur Hayes believes that the China-U.S. trade war is a long-term trend, and he predicts that Bitcoin will break through $1 million before 2028.
AI and Meme
Young people in the United States are seeking an economic turnaround by betting on meme coins. Some meme coins with a satirical cultural flavor, such as RFC, House, and TROLL, have quickly gained popularity, reflecting the younger generation's rebellious sentiment against the traditional financial system.
In the Web3 AI sector, institutional investors are more focused on infrastructure development rather than AI agents. Although AI agents have generated widespread attention, their future development still requires substantial infrastructure support and user trust.
The meme coin market is gradually recovering, but the overall ecosystem is still in the early stages of repair. The first-mover effect has become a key factor in the flow of funds and emotional fluctuations, especially as the synergy between platforms and tools further amplifies this impact.
Seizing the Opportunity
The emerging Meme launch platform boop.fun has adopted a more aggressive "incentive flywheel" strategy, directly challenging existing platforms.
The 20 latest crypto startups graduated from Alliance show that the industry's development direction is extending towards real-world needs such as payment, education, short videos, and advertising marketing.
Resolv, as a Delta-neutral stablecoin protocol that adopts a dual-token model, has gained support with a TVL of $340 million and 50,000 users, aiming to build an efficient yield cycling system.
The rise of LaunchPad platforms has driven market enthusiasm, and competition among various platforms is becoming increasingly fierce.
Web3 Dynamics
The four major perpetual contract exchanges on the Sui network each have their own characteristics, but they may need more attractive incentive mechanisms to attract traders.
The Alpha program of a certain trading platform has attracted many users, allowing them to efficiently accumulate points at a low cost by optimizing trading strategies and selecting low-cost chains.
Kevin Zhou, the founder of Galois Capital, shared his experience of transitioning from a math enthusiast to a cryptocurrency trader and his insights on significant market events.
In hackathon competitions, in addition to technical skills, early team formation, innovative ideas, interaction with judges, and a focus on the demonstration phase are all key to winning.
Space and Time (SXT), as a decentralized database based on zero-knowledge proofs, has recently attracted market attention and aims to solve the bottleneck issues of DeFi data access.
The developer of the Clanker project was forced to leave due to stealing team funds while working at Velodrome Finance. Although the funds were later returned, the incident still had a negative impact.
A well-known NFT collector, dingaling, is embroiled in a dispute with a trading platform, involving complex industry grievances.
The Trump family is involved in Middle Eastern crypto transactions through their "own stablecoin," raising concerns over conflicts of interest.
The newly appointed co-executive director of the Ethereum Foundation explained the three core strategies following the Pectra upgrade.
Technical Scope
The Bitcoin OP_RETURN proposal has sparked controversy, with ongoing discussions about whether to return to freedom or to prevent network congestion.
The unibtc freezing incident highlights the importance of trustless custody, with over $100,000 locked up.
Vitalik Buterin proposed a simplified L1 concept, sparking discussions about Ethereum's "world computer" vision.
Mathematical models reveal the selection logic of the L2 development stage and explore why certain stages may be skipped.
The Union project aims to usher in the era of cross-chain interoperability 2.0 through innovative technology, bringing new opportunities to the ZK infrastructure track.
Important Information