Topics of Crypto World

The alt season has been delayed mainly due to the strengthening of Bitcoin's dominance, macroeconomic contraction, oversupply of altcoins, weakening enthusiasm of retail investors, and regulatory uncertainty. The stability of Bitcoin and institutional favor attract funds, while altcoins are limited by insufficient liquidity and reduced risk appetite. History indicates that the alt season may arrive after Bitcoin stabilizes, and investors need to patiently wait and focus on high-quality projects.

The New York Times investigation revealed that the Trump family closely integrated business interests with political power through the cryptocurrency company WLFI. Controlled by the Trump family, WLFI uses the president's position to promote token sales, attracting domestic and foreign investors, and reaching agreements for mutual benefits with startups. The Trump administration's policy statements often overlap with WLFI's commercial interests, raising questions of conflicts of interest and contributing to the growth of the family's wealth.

On the occasion of the second anniversary of the launch of the Sui mainnet, this article systematically reviews how it has evolved from the early controversial VC chain to one of the most wealth-effective new public chains, and deeply analyzes the successful logic behind its DeFi construction, airdrop strategy, market value management, community culture, and the linkage of ecological projects.

The article delves into the opportunities of Web3 in AI technology stack, including computing power sharing, data privacy protection, model training and inference, as well as exploring how AI empowers the finance, infrastructure, and new narratives of Web3, from decentralized computing power networks to the cold start of AI Agents, from on-chain transaction security to generative NFTs, the integration of AI and Web3 is opening up a new era full of innovation and opportunities.

Gate Research Daily Report: On May 14, BTC rose by 1.91%, currently trading at $103,556; ETH rose by 9.06%, currently at $2,640.55. Meme coins, AI Agent, and Solana ecosystem sectors saw broad gains, with the overall altcoin market rising. PEOPLE, BOME, and SATS led the rally. Trump made his third bullish call on the stock market, and cryptocurrencies surged significantly from recent lows.LetsBonk's 24-hour launch volume is approaching that of Pumpfun, with several tokens exceeding $1 million in market cap.

In April, cryptocurrency prices were significantly impacted by the U.S. government's tariff policies. Following the announcement of new tariffs on April 2, BTC and ETH experienced sharp declines of over 10% within a short period, with a surge in liquidations of long futures positions and significant outflows from spot ETFs. However, as the U.S. government softened its stance and entered tariff negotiations with multiple countries, market confidence gradually recovered. While cryptocurrency prices were notably influenced by U.S. tariff policies, the fundamentals of major blockchain projects remained unaffected. Both before and after the tariff announcement, network activity on Solana and Ethereum stayed robust, with Solana’s trading volume exceeding 90 million and Ethereum’s remaining above 1 million.

The article provides a detailed analysis of Sui's technical characteristics and ecosystem construction, including the trading characteristics, protocol mechanisms, and performance of early builders such as Bluefin, Aftermath, Astros, and Typus Finance. Sui's Perp DEX ecosystem is emerging, but facing competition from mature ecosystems like EVM and Solana, the incentive mechanism may be the key to achieving significant growth.

The AI Agent market is undergoing a transformation, with the Virtuals platform leveraging its Genesis Launch model to successfully attract a large number of traders and speculators through fair launch and gamification mechanisms. The article also explores the development potential of other ecosystems and investment opportunities for institutional investors in decentralized AI infrastructure.

The cryptocurrency industry has gradually deviated from its original vision during its development, excessively focusing on application-layer development while neglecting the importance of monetary fundamentals. The article analyzes the distinction between blockchain technology and trustless properties, pointing out that most non-financial applications benefit little from trustlessness, while the industry has overly pursued financialization, leading to misallocation of resources and disconnection from value creation.

As the cryptocurrency industry transitions from financial speculation to real consumer scenarios, consumer-grade public chains have become a new trend in industry development. Through technological innovation (hybrid Rollup), strategic positioning (focus on consumer scenarios), and resource integration (cooperation with Bitget), Morph is becoming an important entry point for on-chain living infrastructure.

In the spring of 2025, a global financial market revolution is quietly brewing. Bitcoin, the cryptocurrency once ridiculed as a "geek fantasy," is now grandly entering the strategic core of corporate boardrooms. From the financial giants of Wall Street to the tech pioneers of Silicon Valley, from the investment rising stars in Tokyo to the football clubs in the UK, listed companies and institutions are rapidly incorporating Bitcoin into their balance sheets at an astonishing pace. This is not a speculative frenzy, but a deliberate bet on value storage, brand reshaping, and the future of finance.

With the decline in profits from Sandwich attacks on the Solana chain, atomic arbitrage, as a new type of MEV trading method, has rapidly emerged, occupying a significant share of on-chain transactions. The article delves into the technical principles and market performance of atomic arbitrage, revealing its profit imbalance and high failure rate.

The article provides a detailed analysis of the background, support, and opposition to the proposal to lift the OP_RETURN restriction, as well as the potential impact of this change on the Bitcoin ecosystem. Supporters believe that lifting the restriction will simplify the protocol and increase transparency, while opponents are concerned that this will lead to spam and higher transaction fees. This discussion is not only a technical exploration but also reflects the dynamic balance of the Bitcoin community in protocol upgrades and governance.

The article analyzes the development trajectory of the crypto industry, tracing its evolution from the definite optimism of Bitcoin to the indefinite optimism of Web3, and now to the current definite pessimism. It reveals the dynamic changes in the crypto industry across technology, market, and regulatory aspects, explores the phenomena of imitation and conservatism within the industry, and identifies where genuine opportunities lie.

The article summarizes the development process of tokenized stocks from early STOs to current RWAs, analyzing their progress in compliance, market liquidity, and technological implementation. Despite facing the uncertainty of regulatory policy advancement and stablecoin adoption, tokenized stocks still provide new market opportunities for listed companies and yield-generating DeFi protocols. The narrative of the US stock RWA driven by deregulation policy: Summary of the opportunities of tokenized stocks: As Trump's policies are being implemented one by one, attracting the return of manufacturing through tariffs, actively igniting the stock market bubble to pressure the Fed to cut interest rates and inject liquidity, and then promoting financial innovation and accelerating industrial development through deregulation policies, this combination is truly changing the market. The RWA track under the favorable deregulation policy is also increasingly attracting attention from the crypto industry. This article mainl