TokenAlchemist

This week, the crypto market was affected by geopolitical conflicts, with BTC oscillating in the range of $102,000 to $109,000, facing short-term pressure, and its future trend relying on the development of the situation. The market shows a risk-averse mode, with ETH experiencing net outflows. Long-term holdings have increased, while short-term investor confidence has weakened. If the situation worsens, BTC may test the lower support level.

The "2025 Compliance White Paper for the Encryption Industry" has been released, covering regulatory dynamics and tax policies from over 30 countries, discussing ten core topics including DAO compliance and Money Laundering, aiming to provide a forward-looking compliance guide for the encryption industry, promoting healthy development and the exploration of opportunities.

Ethena is an emerging synthetic dollar protocol that has launched the stablecoin USDe and the savings asset sUSDe, aiming to connect the CeFi, DeFi, and TradFi sectors to enhance capital efficiency. The team has a strong background and has raised $119.5 million, now becoming the third largest dollar stablecoin. Although the project has innovation and growth potential, it also faces challenges such as unstable returns and liquidity risks.

The Solana ecosystem project MetaDAO successfully raised $2.2 million, marking an increase in its influence in the governance field. Its token META recently rose in price by 155.60%, with a market capitalization of nearly $19.77 million. MetaDAO adopts the Futarchy decision-making model to enhance governance efficiency, and its future development is expected to become a benchmark in Decentralized Finance.

VanEck's research director proposed the innovative "Bit Bond" concept.
A hybrid debt instrument concept called "BitBonds" that combines exposure to U.S. Treasury bonds and Bitcoin has recently been proposed, aimed at addressing the upcoming $14 trillion refinancing needs of the U.S. government. This innovative idea was presented by the head of a digital asset research institution at a strategic Bitcoin reserve summit, seeking to simultaneously address sovereign financing needs and investors' demand for inflation protection.
The proposed Bit bond is designed as a 10-year security, with 90% exposure to traditional U.S. Treasury bonds and 10% exposure to Bitcoin. The Bitcoin portion will be funded by the proceeds from the bond issuance. At maturity, investors will receive the full value of the Treasury bond portion and the value of the Bitcoin allocation. Investors can receive all the appreciation in Bitcoin until the yield to maturity reaches 4.5%, after which the excess returns will be shared between the government and the bondholders.

The Prague upgrade is an important technical iteration of Ethereum, aimed at enhancing network performance, dropping transaction costs, and improving smart contract capabilities. It integrates multiple EIPs, optimizes the staking mechanism, and provides support for Layer 2. Despite facing security and ecological challenges, the upgrade will lay the foundation for the future development of the Ethereum ecosystem, promoting decentralization and innovation.

The Dfinity project's Token ICP has attracted attention in the crypto market, planning to build a global distributed internet computer. The Mainnet is about to launch, aiming to become the Web3.0 infrastructure, promoting the development of decentralized applications, including projects like decentralized social media.

New Trends in Cryptocurrency Crime: Money Laundering and Information Reselling Cases Attract Attention
In recent years, as the scale of the encryption asset market continues to expand, related criminal activities have also shown new characteristics. Criminals are increasingly using complex methods for Money Laundering with encryption assets, including more concealed ways that combine fiat currency with encryption assets and mismatches between encryption assets and physical assets. This not only affects the financial order of various countries but also leads to issues such as foreign exchange outflow and a surge in cybercrime.
Recently, a case involving the use of encryption assets for Money Laundering 2 billion yuan and selling citizens' personal information has attracted widespread follow. This case involves multiple provinces and cities, with criminal methods being concealed and diversified.
In the case, the suspects used overseas instant messaging tools to sell the personal information of Chinese citizens in multiple social groups, including ID numbers, phone numbers, and home addresses. According to statistics, the number of personal information sold reached over 100 million entries. This information may be used for fraud,

CyberConnect: Building a Decentralized Web3 Social Ecosystem
CyberConnect is a protocol dedicated to creating an open and autonomous Web3 social environment. It provides developers with the infrastructure to build diverse social applications, while giving users complete control over their digital identity, content, and social relationships.
Core Technology Architecture
The technical system of CyberConnect mainly consists of three core components:
1. CyberAccount: A multi-chain account system that complies with the ERC-4337 standard, supporting users to seamlessly access various Web3 social projects. Users can use CYBER tokens to pay for cross-chain gas fees without needing to remember a mnemonic phrase.
2. CyberGraph:

Eigenlayer LRT Competition: How to Choose the Best Strategy for Maximum Profit?
With Eigenlayer set to briefly open LST deposits on February 5, investors are faced with an important decision: how to choose the strategy that best suits them among the many LRTs to achieve maximum returns? This article will comprehensively compare various LRTs, analyze the characteristics of different projects, and provide seven unique strategies to help you make the most of your ETH assets.
1. Triple Income: swETH + Eigenpie Combination
Depositing swETH into Eigenpie can yield multiple benefits:
- Eigenpie points, corresponding to a total of 10% airdrop and 24% IDO (300 million USD FDV)
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Challenges and Opportunities of Ethereum: From Scalability to Ecological Reconstruction
This episode features Dr. Zhou, the founder of EthStorage, and Lawrence, a researcher at Mint Ventures, discussing the challenges currently faced by Ethereum, the ongoing reforms, and the future development prospects.
The main issues currently facing Ethereum
1. The Layer2 expansion strategy did not meet expectations and failed to effectively enhance the value of the Ethereum mainnet.
2. The progress of the project is slow, each upgrade takes a long time, making it difficult to respond quickly to market demands.
3. The extreme pursuit of decentralization has affected efficiency, appearing overly conservative under the current regulatory environment.
4. There is a disconnect between the research team and the development team, and there is a gap between the research direction and actual needs.
5. Insufficient on-chain innovation and lower activity compared to the previous bull market make it difficult to attract new users.
Ethereum is in progress.

With the development of Web3 games, many truly interesting and valuable blockchain games have emerged, showcasing a more sustainable Play-to-Own model. These games allow players to genuinely own content through NFTs and digital assets, providing an immersive experience. While some games still face hype issues, high-quality projects are gradually focusing on gameplay and long-term value, bringing richer experiences.

This article discusses the design and implementation of a distributed price Oracle Machine system, emphasizing the provision of reliable data through the aggregation of multiple independent Oracle Machines to avoid single points of failure. A multi-tier data aggregation mechanism is employed to improve data quality and security, although the update speed is slower, making it suitable for applications insensitive to price fluctuations. The introduction of a Feed Registry simplifies the process for users to obtain price data.

OpenAI's annual revenue has risen to $1.3 billion, with an increase in companies launching new AI models, including Moonshot AI and Zhipu AI. At the same time, financing is active, with Lambda Labs receiving significant funding. Analysts believe that generative AI may be overheating, and there could be a cooling down in 2024.

Shen Yu discusses the early history of Bitcoin, Decentralized Finance, NFT, and industry development.
Shen Yu is the co-founder and CEO of Cobo. Below are the key points from his conversation with Colin Wu, the founder of Wu Blockchain:
Early History of Bitcoin
- In 2011, I偶然 saw Bitcoin news in the university library and was deeply attracted by the white paper.
- The earliest Bitcoin community in China formed around QQ groups, including groups like "Peace Hotel".
- In the early days, there were mainly two types of people: crypto geeks and miners with a large number of idle graphics cards.
- After 2013, exchanges with Chinese backgrounds began to emerge.
Development of Decentralized Finance
- Started engaging with Decentralized Finance in 2018-2019, but it had not yet been widely adopted at that time.
- The year 2020-2021 marked a turning point for Decentralized Finance, with liquidity mining represented by Compound rising.
- Decentralized Finance allows the divine fish to transition from physical world miners.

PIPE Trading and Token Vault: The Encryption Revolution of Listed Companies
Encryption vaults are undergoing a major transformation. No longer limited to simply holding Bitcoin, they are evolving towards a new model of multi-chain layout, native staking, and token dividends. This revolution is blurring the lines between traditional listed companies and native encryption protocols.
Introduction to PIPE Trading
PIPE is the abbreviation for "Private Investment in Public Equity", referring to private investors injecting capital into publicly listed companies at a discounted price. This method is favored for its speed and simplicity, and is becoming the preferred path for encryption companies to enter the capital market.
Landmark case
Capital operation of Tron
The founder of Tron renamed it Tron Inc through a reverse merger with a Nasdaq-listed company and plans to complete PIPE financing with 100 million USD worth of TRX tokens. This not only turns TRX into the company's core asset but also implies future possibilities.

The "2025 Bitcoin Strategic Reserve Act" proposes to incorporate Bitcoin into state finances to combat inflation and enhance financial resilience. This legislation emphasizes flexible investment and secure custody while allowing the use of Bitcoin for tax payments, reflecting attempts at financial innovation and recognition of digital assets.

Recently, the stablecoin market has become active again, with well-known tech companies planning to apply for stablecoin licenses in Hong Kong and Singapore. Hong Kong has passed the "Stablecoin Regulation", emphasizing the importance of 1:1 asset backing to enhance user trust. Although facing challenges such as asset stability and Compliance, the market is full of expectations for the expansion of stablecoin application scenarios, with participating institutions frequently engaging in activities, showing a trend of positive layout.

Recently, Fujian Province solved its first case involving Virtual Money.
After several months of investigation, the Putian City Public Security Bureau successfully arrested Xu Mouhang, who was suspected of illegally obtaining data from computer information systems. Xu Mouhang was subsequently subjected to criminal detention and was prosecuted in February of this year.
Another suspect in the case, Xu Moubin, fled after the incident but ultimately surrendered to the police on March 31. With this, the first case in Fujian Province involving the illegal acquisition of data from computer information systems related to Virtual Money has been completely solved.
According to the investigation, 27-year-old Xu Mouhang obtained a download link for a virtual money trading platform through social media last March and registered an account. He discovered a management vulnerability in the system and exploited this vulnerability to illegally obtain a large amount of USDT (a type of virtual money).
In order to expand profits, Xu certain航 not only purchased other people's identity information to register more accounts, but also shared this method with Xu certain宾. The two agreed to use Xu certain宾's identity.

Recently, the Crypto Assets market has experienced a significant pullback, mainly due to multiple factors, including global geopolitical tensions and poor employment data from the United States. The price of Ethereum has seen a big dump, triggering large-scale liquidations and dampening market sentiment. Despite the challenges, institutional investors remain optimistic about its long-term prospects, believing that a rebound may be on the horizon.