Weekly Highlights of Web3

Macro Trends

After the price of Bitcoin reached a new high, the market is focused on four potential catalytic factors: inflow of spot ETF funds, the Bitcoin 2025 conference, progress on FTX debt repayment, and the reopening of negotiation windows between the U.S. and Europe. Analysts expect Bitcoin to reach a range of $210,000 to $230,000 by the end of 2025.

The Bitcoin 2025 conference, to be held from May 27 to 29 in Las Vegas, is highly anticipated and is expected to attract over 30,000 participants. U.S. Vice President J.D. Vance will deliver a keynote speech at this largest Bitcoin event in the world for the first time.

There are views that listed companies purchasing Bitcoin through various financing methods may constitute destructive leverage. At the same time, the traditional "four-year cycle" bull market model is transitioning to a new paradigm of "four-cycle game", and investors need to adjust their perceptions.

The investment preferences of the younger generation are changing, from Labubu to NFTs, meme coins, and game accessories, assets that can create a strong sense of community identity are becoming the new investment hotspots.

AI and Meme Coins

A report from a well-known bank indicates that a certain public blockchain may be evolving into a platform focused on the generation and trading of Meme coins, facing development bottlenecks. At the same time, the concept of Internet Capital Market (ICM) has emerged, seen as a crypto-native alternative to traditional capital markets.

Industry insiders believe that we have entered the era of Meme coins and that this phenomenon should be embraced rather than denied. In the AI Agent framework track, Virtuals stand out, while other competitors pale in comparison.

Emerging Projects

On-chain capital markets have become a new hotspot, with multiple RWA projects active on different public blockchains. Recent developments in a certain public blockchain ecosystem include cross-chain to a well-known cryptocurrency and updates to mobile devices.

The attention market experiment project Loud and several new Crypto x AI projects are worth paying attention to. At the same time, several popular projects in the Cookie Snaps ecosystem provide users with multiple收益 opportunities.

Industry Dynamics

A certain US stock company has secured over 400 million in financing from Ethereum supporters, planning to purchase ETH in large quantities as reserve assets. After settling with the SEC, Ripple is accelerating its布局 in the Middle East and attracting investments from Saudi princes.

A certain derivatives trading platform has experienced a comprehensive data explosion, but the Web3 gaming sector has faced large-scale project shutdowns. Analysis points out that the high failure rate of the gaming industry and multiple factors such as the difficulty of player retention in the Web3 model have led to the current predicament.

Although the enthusiasm for the TON ecosystem has waned, it still has the potential to become a "super on-chain entrance." Meanwhile, industry insiders remind investors to be cautious of false airdrop scams and provide ten warning signs.

A media group affiliated with a certain former political figure's family announced a $2.5 billion Bitcoin reserve plan. On the other hand, the well-known quantitative trading library CCXT is embroiled in a "code commission" controversy, attracting industry attention.

Regulation and Policy

U.S. cryptocurrency legislation has entered a critical period, with the market structure and stablecoin bill facing a deadline in August. The U.S. Department of Labor has revoked the 2022 guidance that restricted investments in cryptocurrencies through 401(k) plans.

A payment company has applied to list on the New York Stock Exchange. Pakistan has announced plans to establish a government-led Bitcoin strategic reserve.

Market Forecast

Renowned traders expect Ethereum to rise to $5000 this year, setting a new historical high.