After Bitcoin reached a historic high, profit-taking signals emerged, with long-term holders beginning to cash out. Key support levels are $103,700 and $95,600, while resistance is at $114,800. The public company MicroStrategy has drawn market attention due to various profit-making methods, and its future stock price trends will depend on market reactions post-unlocking. The hardware wallet market is experiencing growth due to an increase in on-chain users and a trust crisis, with OneKey and SafePal expanding competition from security to service capabilities. The "Gift NFT" launched by Telegram has activated the TON ecosystem, while Plasma is promoting the global development of USD stablecoins through Tether, but faces intense competition. In the stablecoin sector, Tether is highly profitable but retail investors find it hard to partake, while Circle mainly profits from interest differentials and transaction fees, with future development hinging on business scenario applications. In the Web3 domain, Meta acquired half of ScaleAI, with AI development limits depending on data quality. This week's market highlights also include BTC's short-term breakthrough of $110,000, the impact of Middle Eastern geopolitical conflicts, US policy trends, and the freezing of KOL accounts in the crypto industry.