SchrodingerGas

Crypto Market Weekly Report: Improvement in the macro environment drives a rebound in the coin market, with mainstream tokens showing strong fluctuations.
Recently, the easing of geopolitical risks and the rising expectations of interest rate cuts by the Federal Reserve have significantly boosted the sentiment in the crypto market. Mainstream Tokens have performed strongly, with Bitcoin fluctuating at high levels and Ethereum following the upward trend. The liquidity in the altcoin market has improved, but the upward momentum still seems insufficient.
Macroeconomic Environment Analysis
In the second half of 2025, the growth rate of the US economy is expected to slow down. Weak retail sales and employment data indicate a decrease in consumption and investment momentum. Inflation has slightly increased due to tariffs and oil prices, but remains within a controllable range. The uncertainty of tariff policies has decreased, with targeted increases and exemptions coexisting.
Capital flow and market structure
This week, the net inflow of cryptocurrency ETFs was $1.7 billion, with an average daily increase of $263 million in stablecoins, which is a significant rebound compared to last week. The premium of stablecoins is also on the rise.
Bitcoin is around 106,000 dollars.

PYUSD: A New Bridge Connecting TradFi and Crypto Assets
In the wave of digitalization, TradFi and Crypto Assets have become the focus of people's attention. However, there seems to be an invisible divide between these two fields. Now, an emerging stablecoin named PYUSD is rapidly bridging this gap, becoming a solid bridge connecting TradFi and Crypto Assets.
As the first compliant stablecoin issued by a non-crypto company, the emergence of PYUSD carries significant symbolic meaning. It represents the traditional financial industry's further exploration of Crypto Assets, while also signifying a notable shift in corporate attitudes towards stablecoins. This change foreshadows a gradual increase in the acceptance of regulatory policies. In the future, this transformation will undoubtedly further accelerate the integration process of Web3, TradFi, and the real world. PYUSD will play an important role as a bridge connecting them.
PYUSD: America's

LootBot: An efficient Telegram bot for completing airdrop tasks
With the vigorous development of the cryptocurrency market, Telegram Bots have gradually become a highly regarded innovative field. Since July of this year, the price of a certain trading bot has rapidly risen from $2.46 in May to $236.98 in August, an increase of nearly 100 times, sparking widespread interest in various bot projects in the market.
Telegram Bots are small applications that run on the Telegram platform, allowing users to interact with them through a flexible interface to complete various tasks or obtain services. In the cryptocurrency industry, these types of bots have a wide range of applications, such as news pushing, on-chain data analysis, trade execution, community management, and gaming entertainment.
LootBot is a bot focused on executing potential Airdrop interactions. It is based on Telegram.

Exclusive Interview with Shen Yu: Analyzing the Impact of Bitcoin Halving on Mining Companies, the Future of Custody Business, and the Trend of Blockchain and AI Integration
Recently, Cobo, a digital asset custody solution provider, and Shen Yu, co-founder of the mining pool F2Pool, were interviewed and shared their insights on industry cycles, Bitcoin Halving, changes in the mining landscape, and more.
How Bitcoin Halving Affects Mining Companies
The divine fish stated that the Bitcoin mining industry is mainly divided into three types of companies:
1. North American listed mining companies: relying on cheap oil, gas, and electricity resources, recently raised funds through stock price increases and began to expand into new businesses such as Bitcoin Layer 2 and NFTs.
2. Non-listed companies supported by Chinese capital: distributed in South America and Africa, pursuing low-cost operations, expected to expand rapidly after the Halving.
3. Emerging national investment institutions supported mining companies: the goal is not only to make a profit, but also to participate in market competition to obtain early Bitcoin production.
Overall, Halving

On April 7th, the RWA Summit was successfully held in Hong Kong, attracting numerous industry leaders to discuss the innovation and Compliance of digital assets. Participants emphasized the importance of Compliance, technological innovation, and market opportunities, sharing applications of Blockchain in the integration of finance and the real economy, highlighting Hong Kong's key role in the global development of RWA Compliance.

The development history and applications of zk-SNARKs
The historical evolution of zk-SNARKs
The modern zk-SNARKs system originated from the interactive proof system theory proposed by Goldwasser, Micali, and Rackoff in 1985. This theory explores how much knowledge needs to be exchanged during an interaction to prove the correctness of a statement and introduces the concept of zero-knowledge proofs.
Early zk-SNARKs systems had deficiencies in efficiency and practicality, mainly remaining at the theoretical level. It wasn't until the last decade, with the rise of cryptography in the cryptocurrency field, that zk-SNARKs gradually became an important research direction. Among them, the development of general-purpose, non-interactive, and limited-scale zk-SNARKs protocols has become one of the key exploration directions.
A major breakthrough in zero-knowledge proofs occurred in 2010, when Groth proposed short pairing-based non-interactive zero-knowledge proofs, laying the theoretical foundation for zk-SNARKs.

The payment for crypto assets exchanges has evolved from 1.0 to 2.0. Version 1.0 primarily targeted end users, meeting consumer demand and providing centralized payments; version 2.0 expands to B-end, offering multi-chain and multi-coin payment products, enhancing corporate processing capabilities. In the future, it may integrate blockchain, AI, and inclusive finance, promoting the openness and application of payment infrastructure.

In the coming week, multiple important events in the Web3 space will take place, the Movement Mainnet will go live, the MegaETH Testnet will be launched, and several tokens will be unlocked. U.S. lawmakers plan to introduce Bitcoin-related policies, and multiple platforms will release new services and tokens. The industry dynamics are intense, follow the impact of these changes on the market.

Texas has become the first state in the United States to establish an independent Bitcoin reserve fund, allocating $10 million to purchase Bitcoin, aimed at enhancing fiscal resilience and combating inflation. The fund is managed by the state comptroller and allows the use of derivation, while adhering to relevant market capitalization conditions. This initiative marks a significant advancement for state governments in the reserve of digital assets.

Development Trends of Prediction Markets: Emergence of New Projects and Market Trend Analysis
Prediction markets can be divided into two main camps: non-sports and sports. The non-sports market has not yet been fully developed and is mainly focused on areas such as cryptocurrency, political events, and cultural events. Currently, a well-known platform holds a leading position in the non-sports market, mainly focusing on political events.
From the perspective of the overall trading volume from the beginning of the year to now, if we include the sports market in the consideration, the trading scale of certain sports betting platforms has approached that of leading non-sports prediction markets.
Recently, several emerging projects have been launched one after another, operating on different blockchains and providing a variety of markets and betting mechanisms. In addition, there are several projects under development, such as certain decentralized exchanges and social prediction platforms.
The themes that emerging teams focus on include:
1. Permissionless market: open market creation and incentive mechanism
2. Innovative Solutions: Utilizing Artificial Intelligence

Cross-border crime in the Web3 era is becoming increasingly complex, making it difficult for traditional law enforcement systems to cope and prompting legal reforms in various countries. China establishes jurisdiction in cross-border law enforcement through personal, protective, and universal jurisdiction, while the mechanisms for criminal justice assistance need to be strengthened. Misunderstandings about Web3 practitioners should be eliminated, as legal operations are essential to avoid legal risks.

This week, the Crypto Assets market has seen a moderate pump, with Bitcoin rising by 3.23% and Ethereum by 5.17%. However, ETF funds continue to flow out, reflecting investors' uncertainty regarding the short-term market. Small-cap Tokens have performed strongly, and the regulatory dynamics and project developments are worth following, making the overall market complex and volatile.

Nantang DAO Chronicles (Part II)
What is the goal?
"Promote the integration of rural development and Web3."
On the Notion homepage of Nantang DAO, there is a statement about the organization's goals: "Nantang DAO is committed to promoting the holistic development of local villages while fostering mutual learning and exchange between rural construction and the Web3 community: 'Seeking a community DAO from the local soil, and seeking a worldly path from cryptocurrency.'" On the voting platform, the description of its organizational goals is even more specific - "By upgrading and transforming the cultural courtyard of Nantang Agricultural Cooperative, gradually building a base for Web3 partners in rural areas; deeply integrating with the local Nantang Cooperative, striving to establish a set of labor points system that can be used for governance and is economically sustainable."
From these goals, it can be seen that the Nantang DAO essentially positions itself as a rural service organization aimed at supporting rural development through democratic governance and economic support. Specifically, it

Crypto Market Q3 Macroeconomic Report: Alt Season Signals Have Emerged, Institutions Adopt to Drive Selective Bull Run Outbreak
1. The macro turning point has arrived: the warming of regulation and the resonance of policy protection.
As the third quarter of 2025 begins, the macro landscape has quietly changed. The policy environment that once pushed digital assets to the margins is now transforming into a systemic driving force. Against the backdrop of the Federal Reserve ending a two-year interest rate hike cycle, fiscal policy returning to a stimulative track, and the accelerated construction of a "accommodative framework" for crypto regulation globally, the crypto market is on the eve of a structural revaluation.
First of all, from the perspective of monetary policy, the macro liquidity environment in the United States is entering a crucial turning window. Although the Federal Reserve still emphasizes "data dependency" at the official level, the market has already reached a consensus on interest rate cuts within 2025, and the divergence between the lagging dot plot and the leading expectations of the futures market is increasingly widening. The Trump administration's approach to

Pieverse is an innovative platform aimed at realizing the value of time through mechanisms such as time bidding, lotteries, crowdfunding, and tasks, allowing users to assetize and trade their time, facilitating communication between professionals and users. In the future, Pieverse may evolve into a physical asset platform, further exploring the potential of the time economy.

Bitcoin recently briefly broke through $70,000, influenced by speeches from Trump and other political figures. However, the price quickly pulled back, showing market fluctuation. Although the ETF market is performing strongly, investors need to remain cautious about the future to cope with uncertainty.

The Farcaster ecosystem is rapidly evolving, including brand rebranding, the launch of premium subscription plans, the first airdrop activities, ecosystem expansion, and integration with well-known wallets. These changes are aimed at enhancing user experience and attracting more developers to participate.