After Bitcoin reached a historic high, profit-taking signals emerged, with long-term holders beginning to cash out. The key support levels are $103,700 and $95,600, while the resistance level is $114,800.

The public company MicroStrategy has attracted market attention through various profit-making methods, and its future stock price trend will depend on the market reaction 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 their competition from security to service capabilities. Telegram's launch of "Gift NFTs" has boosted activity in the TON ecosystem, while Plasma is promoting the development of global dollar stablecoins through Tether but faces fierce competition. In the stablecoin sector, Tether is highly profitable but retail investors find it hard to share in the profits, while Circle mainly relies on interest differentials and transaction fees for profit, with future development key to business scenario applications. In the Web3 sector, Meta has acquired a 50% stake in ScaleAI, and the upper limit of AI development depends on data quality. This week's market highlights also include BTC briefly breaking through $110,000, the impact of Middle Eastern geopolitical conflicts, U.S. policy trends, and the freezing of KOL accounts in the cryptocurrency industry.