1. Major Market Events
1. The cryptocurrency project WLFI under Trump announced that it is launching a USD stablecoin °USD1, specifically designed for institutional and retail users. This stablecoin will be backed by U.S. Treasury securities, dollar deposits, and cash equivalents, and will be custodied by BitGo.
Comment: bitGo is primarily responsible for managing and operating the WBTC project, and since WBTC belongs to Sun, it’s essentially handed over to him for operation. Sun wins again.
2. According to official news from the SEC, the U.S. Securities and Exchange Commission (SEC) cryptocurrency working group will hold four new rounds of roundtable meetings from April to June 2025, covering topics such as cryptocurrency trading, custody, asset tokenization, and DeFi. Commissioner Hester Peirce referred to this as the 'spring sprint towards crypto clarity', marking a new direction for the SEC from enforcement to cooperation and a clear regulatory framework. The meetings will be open to the public and streamed online.
The time and topics for the four public roundtable meetings are as follows:
April 11 'Tailored Regulations for Cryptocurrency Trading';
April 25 'Key Issues for Custodial Institutions';
May 12 'Integration of Asset On-Chain and Traditional Finance';
June 6 'DeFi and the American Spirit'.
3. Arthur Hayes posted on social media expressing that he believes ETH might rise to $5000 before SOL reaches $300.
$ETH rising to $5000? Let’s talk about real alpha:
Layer 2 is not just an improvement in speed—it is the gateway to the 'dominance' of decentralized finance, with zk-rollups being the unsung heroes. Now $ETH has a larger institutional playground. But here’s a perspective:
Solana's DEX trading volume is skyrocketing as it performs well in a low-fee sandbox; however, the $300 mark feels like chasing a rainbow without significant ecosystem changes. Meanwhile, whales are buying ETH in large quantities, leaving traces for swing traders to track, while closely monitoring options flow.
4. Web3 gaming platform Immutable announced that the U.S. Securities and Exchange Commission (SEC) has officially notified the company that its investigation into the company and related parties has concluded. The investigation found no wrongdoing, and the SEC will not take any action. This ends the cycle of the Wells notice issued by the SEC last year (indicating an investigation was underway and intent to sue).
Possibly influenced by this news, IMX briefly rose over 10%, currently reported at $0.675.
5. The world's largest asset management company BlackRock ° announced the launch of Bitcoin exchange-traded products (ETP) in Europe, continuing its successful experience with the Bitcoin spot ETF in the U.S. (which has a scale of $48 billion). The new product iShares Bitcoin ETP will debut on March 25 on the German Xetra exchange, the Paris Euronext exchange ° (trading code IB1T), and the Amsterdam Euronext exchange (trading code BTCN).
Following the United States, BlackRock is expanding its cryptocurrency landscape to the three major financial centers of Europe, accelerating the entry of traditional funds. ETPs are similar to ETFs and are typically issued as cryptocurrency tracking products in the form of ETPs under the European regulatory framework.
The narrative of each major market movement is different from the past, for example, the first half of 2024 focuses on inscriptions, the Solana ecosystem, and memes, while the second half features the new public chain SUI and its ecosystem, PayFi (XRP), and AI (Agent). Since January 2025, the market has seen adjustments and should focus on rest and recuperation. Only by grasping the current market characteristics, keeping up with the latest narrative hotspots, and understanding the rotation of concept sectors can one achieve results. This is the experience I am currently exploring. We are in a brewing market, and a new round of wealth opportunities is right in front of us; let’s seize and witness them together. $ETH
