Native crypto is gradually moving towards the end of the law era, shifting from a decentralized narrative to a compliance, financialized, and attention-driven reality. The inclusion of stablecoins in regulation, the platformization of asset issuance, the liquidity game dominated by Memes, and the attention economy dominated by content and traffic are reshaping the industry landscape. The innovation space on the chain is compressed, and fundamentalist crypto beliefs are facing systemic challenges. The future of Web3 faces a choice of direction: whether to become a vassal of traditional finance and the Internet, or to restart the decentralized native order.

Metis launched the high-performance sub-chain Hyperion, aiming to break through the performance bottleneck of Ethereum L2 and support on-chain AI reasoning and native agent deployment. Compared with Solana's off-chain AI calling solution, Hyperion emphasizes on-chain execution and verifiability, and attempts to open a new path for AI applications in the Ethereum ecosystem.

NFT once carried the dream of equal rights for IP and community co-building, but it gradually faded in the idle narrative and capital arbitrage. The 10K PFP model is difficult to support long-term value, and the lack of content and community fatigue have become the norm. The experience of PoP MART and Pudgy Penguins reminds us that a truly sustainable IP requires pragmatic implementation, diversified layout and continuous operation capabilities. Issuing coins is not the end point. The restart of NFT may be hidden in the next carrier that integrates creativity, consumption and emotional value.

Ika is a sub-second MPC network supported by the Sui Foundation. It achieves a breakthrough balance between performance and security, and re-stimulates the technical game between the four major technical paths of privacy computing: FHE, TEE, ZKP, and MPC.

In the world of Web3, marketing is no longer just about attracting users, but a key force in shaping and leading the market. From NFT to SocialFi, celebrity coins to DeFi, marketing strategies are gradually expanding to a wider audience and diversified tools. In this competition, the success of a project depends not only on technology and innovation, but also on how to connect with users through "emotion" and "narrative". As the market gradually matures, traditional marketing strategies are colliding with the decentralized concept of blockchain, forming a unique "marketing aesthetics".

The Bitcoin main chain has long suffered from slow interactions and limited programming capabilities. Although the Lightning Network provides a solution for payment efficiency, it has never been implemented on a large scale due to its complex structure and high security threshold. The Thunderbolt protocol reconstructs the off-chain interaction logic in the form of a soft fork, introduces UTXO Bundling and OP_CAT, improves scalability and programmability, and brings a more native and composable infrastructure paradigm to BTCFi, redefining the possibility of Bitcoin off-chain applications.

The essence of RWA is the mapping of real assets on the chain, but its development has always been limited by the conflict between the regulatory framework, asset complexity and decentralized logic. Although the current RWA protocol has achieved initial results in the tokenization of financial assets, problems such as compliance islands, poor accessibility, and lack of interoperability are still prominent. In the future, if we want to truly realize its value release, we need to break through the barriers between traditional finance and the on-chain world and build a more inclusive public ledger financial system.

Trump has created economic pressure through tariff policies, promoting trade negotiations and market fluctuations. Under the strategy of "using tariffs to promote negotiations", tariffs are not only a negotiating tool, but also a key means of manipulating market sentiment and capital flows. The sharp market fluctuations, the strong return of the US dollar, and the reaction of the stock market reveal how Trump uses power and information to influence the global economic landscape.

On March 26, Hyperliquid suffered the most serious attack to date, triggering widespread reflection in the decentralized perpetual contract market. The attacker used high leverage and weak liquidity Meme coins for precise arbitrage, forcing the platform to liquidate the treasury HLP to take over the huge losses. The incident revealed the core defects of Perp Dex in governance mechanism, risk control and structural design, and also reflected the structural contradiction between decentralization ideals and capital efficiency. Although Hyperliquid is famous for its CEX-level performance, its decentralized underlying logic is facing unprecedented systemic challenges.

Michael J. Saylor successfully tied the company's stock price to the volatility of Bitcoin by using the high leverage effect of the capital market through MicroStrategy's Bitcoin investment. By issuing additional stocks and convertible bonds, MicroStrategy raised funds to purchase Bitcoin, which not only drove up the stock price but also achieved continuous expansion of capital. Although this unique capital operation model has increased the speculation of the market, it has also raised concerns about its sustainability and future risks. As the Bitcoin market changes, MicroStrategy's financial strategy and stock price performance face challenges and opportunities.

Trump signed an executive order to establish a strategic reserve of Bitcoin, which attracted market attention. The reserve plan clearly included about 200,000 Bitcoins in government assets, and would not increase holdings or sell new coins. The background of the establishment of Trump's sovereign fund involves investments in infrastructure, supply chain and other fields, which may become a source of funds for the strategic reserve of cryptocurrencies. The cooperative actions of giants such as Binance reveal the trend that the crypto market is gradually being incorporated by traditional finance and geopolitical forces. The public chain faces a choice: either to rely on the powerful or to be embedded in the CEX ecosystem. Under the pressure of centralization, the decentralized survival of Ethereum is particularly critical.

The Ethereum Pectra upgrade combines the Prague and Electra versions, marking a deep integration of the execution layer and the consensus layer, aiming to improve the staking mechanism, optimize L2 scalability and enhance network governance.

Trump's trading philosophy is based on controlling the rhythm and creating surprises. This strategy runs through his business empire, political career, and even crypto layout. From the sudden announcement of strategic reserves to the policy manipulation of the cryptocurrency market, he uses power to shape the market pattern while ensuring the dominant position of the United States and his family in this change. BTC is becoming a new tool of American hegemony, and non-American projects may face greater survival pressure. Trump's crypto order is a double-edged sword, which may push the market towards the mainstream, but may also accelerate the division and game of the crypto world.

The Open Intents Framework promotes the coordination of intents between Ethereum chains through the ERC-7683 standard, providing a more efficient cross-chain transaction solution for DeFi. The framework aims to optimize liquidity management, solve fragmentation problems, and improve user experience by standardizing cross-chain operations. With the combination of Uniswap V4 and ERC-7683, Open Intents has injected new vitality into the DeFi protocol, and is expected to break down inter-chain barriers by simplifying transaction execution and enhancing liquidity depth, bringing more efficient and operational cross-chain asset exchanges, and providing new ideas for future cross-chain collaboration.

External technological innovation is accelerating the integration of AI and blockchain. Especially with the breakthrough of DeepSeek, China's AI technology has achieved the achievement of competing with the world's leading models, impacting the traditional AI industry structure. At the same time, the difficulties inside and outside the Crypto market are gradually emerging. From the disorderly expansion of altcoins to the challenge of decentralized computing power, the industry is in urgent need of innovation and reshaping. As the fog of the market deepens, traditional projects face huge valuation pressure, and how to find new breakthroughs at the intersection of AI and Crypto has become a key issue.