Deep Tide TechFlow news, on August 16, QCP Group released a review report on the cryptocurrency market for the first half of 2025, which noted that the digital asset market withstood the test of macro shocks and subsequently rebounded strongly, with Ethereum rising 43.9% after the Pectra upgrade. Stablecoins and tokenized real-world assets (RWA) played a safe haven role in the turbulent market: the stablecoin sector expanded from $197.5 billion to $233.88 billion (an increase of 18.4%), while the on-chain RWA value exceeded $25 billion. In addition, traditional finance accelerated its entry into the cryptocurrency sector, with Circle successfully going public, Robinhood acquiring Bitstamp, and several listed companies establishing Bitcoin treasuries. The market catalysts for the second half of 2025 mainly include: regulatory launches and licensing guidance, major retailers (Amazon, Walmart, and Stripe) adopting stablecoins, and potential interest rate cuts by the Federal Reserve, which may boost market risk appetite for DeFi tokens, alternative L1, and RWA protocols.