This article starts with the logic behind Trump’s tariff policy, looks forward to the ideas of a new round of blockchain entrepreneurship under macro-turmoil, and explores how the entry of traditional capital can bring reassessment opportunities to the crypto industry.

From BTC's consensus layer to the execution layer of smart contracts, and then to today's AI-driven application layer, the crypto industry is likely to usher in a paradigm innovation of AI + Pay Fi + BTC Infra, and force Web2 to innovate itself to Web3 - the future of large-scale adoption is becoming a reality step by step.

This article looks at the background reasons for the emergence of VC coins and meme coins from a more macro perspective, as well as their respective historical missions and advantages and disadvantages, and strives to sort out a relatively healthy Token development and construction idea. If some details are not described accurately, but it does not affect the overall judgment, we will not spend too much time correcting it. Friends in the industry are very welcome to express their opinions, guide and correct the errors and analysis ideas in this article.

More and more listed companies have realized the huge potential of blockchain technology and are actively incorporating it into their company's strategic layout. Many blockchain concept stock companies have strong development momentum and have received significant attention and investment in the market.

This research report deeply analyzes several key tracks of BTCFi, discussing stablecoins, lending services (Lending), staking services (Staking), restaking services (Restaking), and the combination of centralized and decentralized finance (CeDeFi).

Web3 game developers will inevitably encounter setbacks and confusion in the process of exploring new areas and breaking traditional rules. This is exactly the process that the Web3 game industry must go through - breaking through the old framework and opening up new paths. Although there are various challenges in the short term, these explorations prove that we are moving towards the future.

The TON ecosystem has achieved certain results by relying on Telegram's huge user base and simplified user experience, but over-reliance on Telegram and insufficient development of commercialization and DeFi tracks are its main bottlenecks. Drawing on the successful experience of WeChat, TON needs to improve its infrastructure and business model to achieve Mass Adoption.

If you search for keywords in this interview, you will find that the keywords "making money", "opportunity" and "cycle" appear frequently throughout the article - this fully reflects the repeated human nature brought about by the instability in the cryptocurrency cycle, and the cycle that continues to be played out in the currency circle: cycles, human nature, and wealth are intertwined in this industry and influence each other.

The essence of blockchain is an extension of payment scenarios. In terms of payment scenarios, stablecoins not only occupy an important position in the cryptocurrency market, but also play an increasingly important role in global payments and cross-border settlements.

DePIN's business model contains an important feature: hardware revenue is used as the first growth curve, and data service monetization is superimposed on this basis to form the second growth curve.

The original technology of Bitcoin has always had a conflict between large-scale applications and the capabilities that Bitcoin should have. Do large-scale applications and transaction scale mean more complex transaction instructions and larger transaction space? Does it mean that all functions must be implemented on a single Bitcoin system?

Some jokes on the Internet often discover some phenomena by accident, but they do not explain the reasons behind these phenomena. If we analyze them in depth, we will often find good discoveries.

Observing the second-layer construction of Bitcoin from the perspective of the state machine, we will find that the principle of the state machine is applicable to all three system structures, but the implementation method is limited by the structure of the system.

As the price of Bitcoin continues to rise, we, the technical developers in the Bitcoin ecosystem, feel constant pressure. Every time we design a new function based on the Bitcoin ecosystem, every time we perform an operation on the Bitcoin chain, we have to pay an increasing economic cost (handling fee). However, other roles in the Bitcoin ecosystem, such as investors and miners, generally do not have such troubles and expect the price of Bitcoin to continue to rise.

The rise of Bitcoin inscriptions has brought new vitality to the Bitcoin ecosystem, allowing more people to start paying attention to Bitcoin again. Some people also say that it has opened the Pandora's box of the Bitcoin ecosystem. Among the many technological developments in the Bitcoin ecosystem, the construction of the second layer of Bitcoin is the top priority.