In April to June 2025, the U.S. SEC held a cryptocurrency roundtable covering core topics such as cryptocurrency trading regulation and asset custody. The conference marks the SEC's shift from enforcement-led regulation to cooperative oversight, proposing measures such as tiered regulation and expanding custody autonomy. This will attract institutional capital inflows, accelerate the tokenization of real assets, and reshape the U.S. cryptocurrency market ecosystem.
The score didn't catch up, the first lucky number ending with 8 also didn't catch up, and after brushing the trading volume, it was squeezed down by 8u.
In the turbulent waves of the cryptocurrency market, Ethereum has迎来高光时刻,breaking through $2500. This achievement is attributed to the dual support of technological innovation and favorable market conditions. The Pectra upgrade solidifies the underlying architecture, institutional funds are eagerly entering the market, and market confidence has been completely ignited. In the future, Ethereum is expected to continue writing new legends.
Recently, the cryptocurrency market has been bustling, with Bitcoin breaking the $100,000 barrier, attracting global attention. Meanwhile, a hot topic has been widely circulated among investors - when will the altcoin season arrive in 2025?
From a historical perspective, altcoin seasons typically occur in the last year of Bitcoin's four-year cycle. As Bitcoin's market dominance declines and funds begin to flow into other cryptocurrencies, altcoins seize their opportunity to perform. In past altcoin seasons, large-cap altcoins have been able to approach or surpass historical highs, while mid- and small-cap coins also break through unknown highs driven by new narratives, ultimately pushing the entire crypto market into an overheated state due to FOMO sentiment.
Recently, the XRP market dynamics have been constantly changing. From the price trend, technical indicators show that both short-term and long-term trends are in a strong upward momentum. In addition, the lawsuit between Ripple and the SEC has been settled, proving that XRP is not a security, removing legal obstacles for its development. Moreover, Mastercard will also issue XRP debit/credit cards, making the future prospects worth looking forward to.
Recently, Ethereum has had several important developments. On May 7, Ethereum successfully implemented the key Pectra network upgrade, but the market response was relatively muted. The ETH futures premium has remained below the neutral threshold of 5%, and after the upgrade, this indicator remained unchanged at 3%, indicating a lack of interest from leveraged bulls, and traders did not adjust their positions due to the upgrade. $ETH
From the data comparison, Ethereum's leading L2 solution Base currently has 10.3 million monthly active users, far less than Solana's 82.2 million and BNB Chain's 25.9 million. In terms of Total Value Locked (TVL), Ethereum leads with a scale of $53.7 billion, but in the past 30 days, its network fees were only $19 million, while Tron accumulated fees of $51.8 million and Solana accumulated fees of $39.4 million during the same period.
Additionally, the Ethereum Foundation announced in April 2025 that Hsiao-Wei Wang and Tomasz Stańczak will jointly serve as the new co-executive directors. In the coming year, the Ethereum Foundation (EF) will adhere to core values such as resistance review, open-source innovation, privacy protection, and security, focusing on advancing Ethereum's mainnet (L1) and Layer 2 (L2) expansion, enhancing user experience (UX) and application layer construction, and supporting the growth of developers, applications, and users through improved operational management, standard setting, and ecosystem coordination. Moreover, in the first quarter of 2025, the total funding for projects by the Ethereum Foundation is approximately $32 million, covering multiple directions such as community and education, consensus layer, zero-knowledge proofs, developer tools, execution layer, etc., aiming to continuously promote the development of the Ethereum ecosystem and technological evolution.
Regarding the subsequent upgrade plans, the Ethereum Fusaka hard fork is expected to occur in the third or fourth quarter of 2025. However, the originally planned inclusion of the EVM Object Format (EOF) upgrade has been canceled due to technical uncertainty and potential delay risks. EOF aims to improve the efficiency of smart contract execution and reduce overhead by standardizing the bytecode structure, but due to its high complexity and expanded attack surface, it has sparked community controversy, with most users holding a large amount of ETH voting against it.
In terms of price, from May 8 to 9, with the increase in Bitcoin prices, most cryptocurrencies in the network showed an upward trend, with Ethereum's price reaching around $2,180, a 24-hour increase of 20%.
The significant increase in Bitcoin is the result of multiple favorable factors resonating together:
1. Trade Agreement Boosts Confidence: On May 8 local time, the UK and the US reached an important trade agreement, significantly reducing tariffs on UK car exports to the US from 27.5% to 10%, while also eliminating tariffs on steel and aluminum products. This measure greatly boosted confidence in global risk assets, with the three major US stock indices closing higher, and the Nasdaq rising over 1%, driving the cryptocurrency market to strengthen in tandem, significantly enhancing investors' risk appetite.
2. Government Continues to Increase Holdings: The Salvadoran government announced further purchases of Bitcoin, continuing to promote its legal tender policy. The country is continuously buying Bitcoin to include in its national reserves, endorsing the value of Bitcoin and attracting global attention, showcasing Bitcoin's potential and recognition as an emerging asset.
3. Institutions Continue to Accumulate: Strategy, the world's largest enterprise-level Bitcoin holder, increased its holdings by 1,895 Bitcoins at an average price of $95,167 from late April to early May, with total holdings now surpassing 550,000 Bitcoins, valued at over $57 billion. The Japanese listed company Metaplanet also announced an additional purchase of 555 Bitcoins for $53.4 million, planning to increase its holdings to 10,000 Bitcoins within the year. The substantial and continuous purchases by institutions highlight their firm optimism about Bitcoin's long-term value.
4. Optimistic Predictions from Banks: Standard Chartered Bank noted in its latest report that Bitcoin could break $120,000 in the second quarter of 2025 and may approach $200,000 by the end of the year. The bank believes that the trend of global capital shifting from dollar assets to “digital gold” is accelerating, combined with the institutional buying wave, will drive Bitcoin to strengthen in the long term. This optimistic prediction has attracted widespread attention and capital inflows in the market. $BTC
With the strong drive of Bitcoin, the entire cryptocurrency market has shown a rising trend. Ethereum's price has surpassed $2,180, with a daily increase of over 20%, and the smart contract ecosystem remains active; Dogecoin's price has reached $0.19, with an increase of over 13%, sharply rising in trading volume due to its unique community culture and widespread dissemination; mainstream cryptocurrencies such as Cardano and Ripple have also recorded increases of 13%-20%, supported by various degrees of technological upgrades and application expansions. According to Coinglass data, the amount of long and short liquidations is vastly different, clearly reflecting the market's extremely high bullish sentiment in the short term, with short-sellers suffering heavy losses.