The chairman of the US SEC launched the "Crypto Project" initiative, aimed at promoting cryptocurrency innovation, clarifying that crypto assets are not always securities, allowing early token projects to be exempt from penalties, facilitating self-custody and Decentralized Finance, and planning to introduce an "innovation exemption" to provide clearer regulatory guidance for the market, marking a significant transformation in the US crypto industry.

With the EU MiCA legislation coming into effect, Poland has become a new hotbed for Web3 enterprises, attracting significant investment and innovation due to its economic strength, user base, and well-established regulatory framework. However, companies need to follow compliance challenges and actively adapt to the rapidly changing market environment.

According to monitoring, when ETH broke $4000, a certain Address just bought 1,390 WETH (5.56 million dollars) at a price of $4000.
Then, the Address deposited 1,390 WETH into a lending platform, borrowed 52.83 WBTC (6.17 million USD) from that platform, and exchanged it for 1,539 WETH (6.17 million USD).

The decentralized physical infrastructure network ( DePIN ) is thriving on the Solana platform, reshaping infrastructure construction through encryption incentive mechanisms. Solana has become the concentrated platform for DePIN projects with low fees and high throughput, with a total market capitalization of $3.25 billion, covering fields such as computing and wireless, providing ordinary users the opportunity to earn rewards by participating in projects.

Is the crypto market facing a Bear Market? How to define the bull-bear boundary?
As of mid-April, the total market capitalization of cryptocurrencies, excluding Bitcoin, has fallen from a high of $1.6 trillion in December last year to $950 billion, a decline of 41%. Meanwhile, the scale of venture capital has also decreased by 50%-60% compared to the levels of 2021-2022. At this stage, we recommend adopting a cautious risk management strategy. However, we expect that crypto market prices may stabilize in the late second quarter of 2025, laying the groundwork for a rebound in the third quarter.
Market Overview
Multiple factors are overlapping, indicating that a new round of "crypto winter" may be approaching. The introduction and possible escalation of global tariff policies have led to a significant deterioration in market sentiment. The total market capitalization of cryptocurrencies, excluding Bitcoin, has dropped to $950 billion, down 41% from the peak in December last year, and down 17% year-on-year. It is worth noting that this level is even lower than 2.