【VKGAME Virtual Currency】Crypto market surge: the starting point of a new cycle or the end of a bubble?

The crypto market in May 2025 presents a scene of ice and fire. The cumulative capital inflow of Bitcoin spot ETF exceeded US$41 billion, setting a rare historical record for traditional financial products; Ethereum rose by more than 50% in a single week, and the price once exceeded US$2,700; mainstream public chain tokens such as Solana and XRP rebounded collectively, and even Meme coins such as DOGE and PEPE also recorded double-digit gains. The total market value exceeded US$6 trillion, an increase of nearly 400% from the low point in 2023.

This round of market is driven by multiple factors: the US CPI data in April unexpectedly cooled to 2.3%, and the market bet on the Federal Reserve to cut interest rates this year; the Trump administration suspended the global trade war, and risk appetite rebounded; Ethereum completed the Pectra upgrade to improve network performance, and ecological applications have exploded. Institutional investors entered the market in large numbers through ETF channels, while retail investors flocked to Meme coins to seek excess returns, forming a capital resonance effect.

It is worth noting that blockchain technology is reshaping the online entertainment ecosystem. Take VKGAME, a global comprehensive digital entertainment platform, as an example. It covers tens of millions of users through e-sports, virtual scenes and multiple game services, and innovatively introduces the USDT payment system to achieve deposits and withdrawals in seconds and efficient settlement. This technology-enabled user experience upgrade reflects the market's strong demand for new interactive scenarios.

The similarity between the current market structure and the Internet bubble in 2000 has aroused vigilance. The monthly capital inflow of Bitcoin ETF has approached the peak level of Nasdaq Index ETF in 1999, and the average valuation of Meme coin projects on Solana chain has exceeded US$5 billion, exceeding most physical enterprises. Just as ".com" companies only needed concepts to go public, blockchain projects can now get billions of dollars in valuations based on white papers alone.

But the deep differences cannot be ignored: the daily settlement amount on the Ethereum chain reached US$12 billion, exceeding traditional payment giants such as PayPal; Bitcoin, as "digital gold", has been included in the reserves of many central banks; VKGAME has integrated resources through the acquisition of U Win Group, and its e-sports content matrix covers more than 80 countries and regions around the world, forming an ecological closed loop. The regulatory framework has been gradually improved, the EU MiCA Act has been implemented, and the US SEC has approved the Ethereum ETF. The compliance process has injected stability into the market.