Weekly Crypto Market Insights

【Macro Perspective】

Potential new role of $BTC ? There are rumors in the market that Sino-Russian energy transactions may use #Bitcoin for settlement.

If true, its symbolic significance outweighs the short-term settlement volume and may mark a new narrative for BTC in bypassing the traditional financial system and responding to geopolitical pressures. The key lies in the confirmation of the news and whether it will trigger more similar attempts. #Macro

【Core Dynamics of DeFi: Lending, Stablecoins, and Liquidity】

1. Morpho launches the “Migrate” feature, allowing users to compare and migrate Aave/Compound positions with one click. This directly impacts existing giants by competing for liquidity through enhanced yield transparency and reduced migration costs. The competition in the DeFi lending space is heating up. #Lending #Yield Optimization

2. Opportunities and challenges under multi-chain expansion: Euler Finance lands on Avalanche, continuing its strategy for seeking new growth curves. Whether it can successfully establish itself in the Avalanche ecosystem depends on its product fit, integration with local protocols, and ability to provide differentiated advantages. Pay attention to its early TVL and user growth data. #DeFi

3. DeFi filling gaps in specific ecosystems: Lista DAO plans to launch a P2P lending platform on BNB Chain. It aims to meet specific lending needs within the BNB ecosystem. Investors should focus on its risk control mechanisms, cold start performance, and whether it can synergize well with existing BNB DeFi projects. #Lending

4. Stablecoins: M^0 stablecoin infrastructure launches on Solana, with KAST issuing the first product. It introduces new stablecoin options to the SOL ecosystem, and its collateral model, governance structure, and market acceptance will be key to its success. #Stablecoins #Solana

5. LST liquid staking: Origin Protocol leverages its Curve AMO strategy on the Base chain to build deep liquidity for $OETH on Curve, enhancing capital efficiency and LST composability in the LSTfi space. #LST #Liquidity

6. Protocol revenue feeds back into tokens: Aave DAO decides to use treasury funds to buy back $AAVE , aligning with its new economic model. The goal is to boost market confidence and empower tokens, but its actual effect needs to be assessed in conjunction with the scale, sustainability, and overall market environment of the buyback.

【Risk Warning】

Synthetix's native stablecoin $sUSD deviates from its $1 peg, currently priced at 0.88U#币安投票上币