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Crypto Assets have become the new darling of the American political scene.
The Crypto Assets industry has recently risen rapidly in the American political arena, becoming the core of policy-making. This is mainly attributed to the investments of the Trump family, friendly regulators, and generous election spending.
In late April, a logistics company in Texas announced it would invest up to $20 million to purchase TRUMP Meme coin, a Crypto Asset launched by Trump before starting his second presidential term. The company's CEO stated that this move is to advocate for favorable trade policies. In the same week, in Lahore, Pakistan, the government partnered with Trump family's World Liberty Financial to jointly develop blockchain products.
These events mark a significant transformation happening in Washington. The Crypto Assets industry is in a period of growth, promoted by the President and his family. Regulators are adopting a more lenient attitude towards it, and investors are flocking in. Big

A Decade of Ups and Downs for Crypto Maniacs: The Rise and Fall of Three Arrows Capital
Su Zhu and Kyle Davies met in 2005 at Phillips College in Andover, Massachusetts. Both of them come from ordinary families and are typical top students on campus. Su Zhu is known for his perfect GPA and excellent AP scores, while Davies excels in Japanese.
The two went to Columbia University, majored in math and joined the squash team. After graduating, Su Zhu worked in derivatives trading at Credit Suisse in Tokyo, and Davies then joined as an intern. After the 2008 financial crisis, Su Zhu moved to Flow Traders, a Singapore-based high-frequency trading firm, where he mastered the art of arbitrage trading, focusing on ETF trading.
In 2012, 25-year-old Su Zhu and 24-year-old Davi

In a presentation built around the underlying narrative in the crypto space, an industry expert discussed how Web3 projects can build a strategic layer and differentiate themselves. He proposed a four-step positioning method to build the strategic layer of Web3 projects: analyze the market environment to determine unique positioning, formulate brand positioning strategies, enhance user trust and identity, and integrate positioning into all aspects of enterprise operations.
Experts emphasize that Web3 projects need to differentiate themselves from competitors by leveraging factors such as performance, customization, risk control, status, innovation, and price advantage. He suggested that the project should start from the product attributes and build a complete narrative chain through the layers of interests, psychological values and values.
When discussing how to evolve a narrative into a movement, experts point out that it needs to go through two processes: thawing and refreezing. The thawing phase can enhance group cohesion by stimulating audience emotions and shaping common goals; The re-freezing phase requires sustainable behaviour

Harris's economic policy once again mentions "digital assets", and the crypto community has had mixed reactions
U.S. Vice President Kamala Harris recently delivered a speech at the Economic Club of Pittsburgh, emphasizing that the United States is committed to maintaining global leadership in the technologies that will shape the next century, including emerging technologies such as artificial intelligence, quantum computing and blockchain. At the same time, she unveiled an 80-page economic plan in which "digital assets" were again mentioned.
The document, "Forging a New Path for the Middle Class: A Plan to Reduce Costs and Create an Economy of Opportunity," outlines how Harris and her partners can strengthen America's competitive advantage in key economic and national security areas. The plan proposes the "America Forward Strategy," which aims to propel U.S. industry into a new era by promoting manufacturing growth and the adoption of new technologies. The strategy not only focuses on "clean iron and steel", but also emphasizes investment in emerging technologies.
The plan clearly mentions: "The strategy includes a focus on emerging technologies

Important White House officials met again with crypto industry executives, and the presence of the vice president's adviser attracted attention
Recently, the top of the White House held another important meeting with crypto industry leaders. The meeting was chaired by the California Democratic Representative and held in a virtual roundtable format. Attendees included the Deputy Secretary of the Treasury, the Director of the National Economic Council, the White House Deputy Chief of Staff, and the high-profile Senior Advisor to the Vice President and Director of Legislative Affairs.
In terms of the crypto industry, the participants included executives from a number of well-known companies, such as the senior management of a crypto payment company, the CEO of a decentralized exchange, and the legal director of a cryptocurrency trading platform. In addition, there are important figures in the industry such as venture capitalists and billionaires participating.
It is reported that the content of the meeting discussed the application scenarios of the crypto industry, the impact of policies, and the focus of regulators. According to a source, although there were some expressions of dissatisfaction at the meeting, the whole thing was

Haedal, a new star in Sui's ecological liquid staking: innovative products and strong data lead the wave of DeFi investment
The liquid staking market on the SUI network is still in its early stages of development, with a total value of approximately $307.48 million in staked SUI, of which only 2% is liquid. In comparison, the Solana and Ethereum networks have liquid staking ratios of 10.1% and 30.5%, respectively. In this context, the Haedal staking protocol, which currently owns $120 million TVL, is expected to become the leader of liquid staking in the Sui ecosystem.
The main challenge faced by the Sui network is its low annualized yield on staking at around 2.5%, compared to 7-8% for Solana and 3-4% for Ethereum. In response to this problem, Haedal has significantly improved the staking performance of the Sui network through the innovative Hae3 framework. The framework includes HMM, HaeVault, and H

According to the latest news, the results of the 2024 US election have been released, and more than 250 cryptocurrency-friendly candidates have been successfully elected to Congress. This result could have important implications for future U.S. cryptocurrency policy. The newly elected MPs' support for the digital asset industry may bring new opportunities and challenges to relevant legislation and regulation. The election result also reflects the growing importance of the issue of cryptocurrencies in the U.S. political arena. Going forward, the industry will be keeping a close eye on the specific positions and actions of these new legislators on cryptocurrency policy.

Trump and Musk Join Forces: An Unexpected Combination Before the Election
In this US election, a surprising combination has attracted a lot of attention - former President Trump and entrepreneur Elon Musk. Although the two did not have a good relationship in the past, Musk is now one of Trump's staunchest supporters.
Musk's support for Trump can be described as all-round. In terms of funding, he donated $75 million to a pro-Trump political action committee, making him the largest donor outside of Adelson. This funding is undoubtedly a relief for the financially disadvantaged Trump camp.
In addition to financial support, Musk also used his influence to support Trump's election. He openly supported Trump on social media and held an exclusive interview with him, which attracted a lot of attention. Musk also personally attended Trump's campaign rally and supported him on stage.
Recently, Musk also launched a rather controversial raffle

Recently, an analyst noted that USDT's share of the stablecoin supply on the Ethereum network could fall below 50% for the first time in the coming weeks. This trend stems mainly from USDC's growing importance in the decentralized finance (DeFi) space, which is quickly becoming the dominant stablecoin on Ethereum.
Data shows that more than 50% of the USDC supply, or about $12.5 billion, has entered smart contracts. Although this percentage is lower than DAI, USDC is far ahead in terms of dollar value. Considering that DAI's collateral also includes other assets, USDC has now become the stablecoin of choice in the DeFi ecosystem.
Among the major users of USDC, lending protocols such as MakerDAO, Compound, and Aave collectively hold about 23% of the USDC supply. MakerDAO mainly supports D by anchoring the stable module using USDC

Recently, it was reported that Trump, the Republican candidate for the 2024 U.S. presidential election, is about to meet with incumbent President Joe Biden to discuss the transfer of power. It is reported that Trump has accepted Biden's invitation to meet, and the two sides will hold talks at the White House. Although the exact date of the meeting has not been announced, a spokesman for the Trump camp revealed that the meeting will be held in the near future.
It is worth noting that Biden has called Trump on the 6th to congratulate him. For this, Trump expressed his gratitude. The move was seen as a signal that the two sides were beginning a formal transition of power.
Political observers believe that this meeting is of great significance in ensuring a smooth transition of power. It not only reflects the maturity of the American democratic system but also demonstrates the willingness of the two political figures to set aside differences in the face of national interests and jointly maintain political stability.
However, some analysts have pointed out that considering that Trump and Biden are clear on many policy issues

In a recent public appearance, Twitter's current top executive revealed his plans for the social media giant's future leadership. He said he plans to leave his current position by the end of 2023 and hopes to find a suitable successor for the company before then.
The entrepreneur emphasized that before he steps down, it is necessary to ensure that Twitter's operational status reaches a stable level. This includes the company's financial condition and the clarity of the product development direction. He believes these are important prerequisites for the leadership transition.
As for the specific handover time, this well-known figure in the technology industry gave his own estimate. "I think the end of the year or so will be the right time to look for a new leader," he said. By then, I expect Twitter to be able to reach a relatively stable state. "
This statement undoubtedly brings new attention to the future direction of Twitter. The industry will be keeping a close eye on Twitter's operations and production in the coming months

Accelerated Development of RWA Track: New Public Chains, Asset Competition and Institutions Getting on Board
RWA, as one of the most dynamic tracks in the Web3 ecosystem, is rapidly developing. Data shows that as of March 25, the total value of on-chain real-world assets reached $19.53 billion, an increase of 108% compared to the same period last year. In the blockchain network, Ethereum leads with a total value of $5.01 billion, followed by ZKsync Era and Algorand.
Recently, a number of important developments have emerged in the field of RWA, involving public chain innovation, asset tokenization, mortgage securitization and other aspects.

2025 through the eyes of crypto VCs: market outlook, new opportunities and investment strategies
With the arrival of 2025, the crypto industry is ushering in new development opportunities. Over the past year, the market has experienced recovery and innovation, laying the foundation for the future. As the vane of the industry, top VCs shared their insights and prospects for the crypto industry.
2024 Highlights Project Review
In the past year, a number of projects have made breakthroughs in technological innovation and business models:
- Hyperliquid stands out as a high-performance perpetual contract DEX and is expanding the HyperEVM ecosystem
- Pudgy Penguin has led the revival of the NFT track, showing the potential of the integration of Web2 and Web3
- Ethena's USDE stablecoin has performed remarkably in the DeFi space.
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According to the data, the issuance of a well-known stablecoin has increased significantly in the past week, with 300 million new coins, an increase of 15.38% over the previous week. Among them, the number of new issuances through official channels was 170 million, an increase of 46.92% from the previous week.
It is worth noting that of these newly issued stablecoins, about 128 million have already flowed into the top 5 trading platforms in the market. These platforms include a number of well-known centralized and decentralized exchanges in the industry.
This data reflects the continued growth in demand for stablecoins, which may indicate an increase in activity in the cryptocurrency market. As an important part of the cryptocurrency ecosystem, changes in the supply of stablecoins are often closely related to overall market trends.
Analysts note that the increase in the supply of stablecoins may suggest that investors are preparing for potential market opportunities. However, there is also an opinion that this growth needs to be combined with others

The AI Bubble and the Rise of Bitcoin L2: In-Depth Dialogue with Delphi Labs
What is the outlook for the crypto market in 2025? The core team members of Delphi Labs recently shared their insights in a podcast that explored hot topics such as the evolution of the AI narrative, the Bitcoin L2 ecosystem, and the return of infrastructure value. Here are the main takeaways from the conversation:
Market Watch
- The recent market volatility has not changed the fundamentals, and Bitcoin remains the best performing asset
- Trump's election could be good for cryptocurrency, but the exact impact depends on the actual policy
- The current market downturn may be a buying opportunity, and Trump is overall bullish on cryptocurrencies.
AI bubble
- AI will become the biggest narrative in 2025, possibly achieving General Artificial Intelligence (AGI)
- The AI bubble is inevitable and may become one of the largest bubbles in financial history.
- When