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Recently, the expectation of a Fed interest rate cut has been postponed, and geopolitical risks have risen, putting pressure on the Crypto Assets market. Bitcoin remains relatively strong but with weakening momentum, while Ethereum shows clear signs of bottoming out. The overall market has entered a defensive phase, and it is advisable to stay cautious and follow the Liquidity and capital inflow rhythm.

The evolution and development of wallets in Web3
The emergence of smart contracts has provided unlimited possibilities for building a world computer. Various decentralized applications have sprung up like mushrooms after rain, covering multiple fields such as trading, lending, gaming, and NFTs. The security of blockchain and the convenience of smart contracts have greatly simplified the on-chain development process and allowed for flexible combinations between applications.
According to the data, as of August 2022, the total number of DApps on various public chains has exceeded 4,000, and it continues to grow at a rate of dozens each month.
An address is the basic unit for users to interact with smart contracts. Unlike real-world addresses and centralized exchanges, on-chain addresses achieve complete anonymity without KYC, allowing users to freely create and manage multiple addresses. Having an on-chain address means truly entering the crypto world. According to official Ethereum data, as of August 2022, the cumulative number of addresses has exceeded 200 million, with a daily transaction volume maintained at 1 million.

Abstract Chain Overview: How to Build a Public Chain Ecosystem for End Users?
Summary
Abstract Chain will launch in January 2025 as a user-centric blockchain aimed at promoting the widespread adoption of cryptocurrency technology and building an accessible and engaging platform.
Abstract Chain offers a comfortable user experience brought by native account abstraction, leveraging the established fan base of Pudgy Penguins and $PENGU to provide differentiated value through its unique user composition.
The growth strategy of Abstract revolves around building a digital entertainment theme park: having its own portal platform, integrating live streaming and reward systems, and attracting application developers into the ecosystem.
This live streaming platform has attracted over 10,000 broadcasters, with an average daily user participation time of more than 7 minutes.

Prediction market industry analysis: new projects and market trends
Prediction markets can be divided into two major camps: non-sports and sports. The potential of non-sports markets has not yet been fully developed, mainly involving fields such as cryptocurrencies, political events, and cultural events. Currently, a well-known prediction platform holds a leading position in the non-sports market, primarily focusing on political event predictions.
From the overall trading volume since the beginning of the year, if we include the sports market, there are two platforms whose trading volumes are relatively close to the aforementioned leading platforms.
In terms of competitive landscape, several new projects have already been launched or are in development. These projects each have their own characteristics, with some running on the Ethereum Virtual Machine and providing ETH markets, while others run on Solana and adopt a model of betting first and setting odds later.
Emerging teams focus on hot topics including:
1. Permissionless market: open market creation and incentive mechanisms
2. Intelligent Solutions: Utilizing Artificial Intelligence to

Espresso Systems: An Innovative Path to L2 Scaling Through Shared Ordering
Espresso Systems initially planned to build a highly scalable, privacy-focused decentralized L1 protocol. However, as the industry evolved, they realized there was no need to create a new L1 and instead shifted their focus to providing solutions for the Ethereum ecosystem. Espresso's mission centers around two main directions: privacy and performance.
To enhance privacy protection, Espresso has developed the CAPE application. This is a smart contract system capable of implementing customized privacy configurations at the transaction level. CAPE can be deployed on any chain that supports EVM.
In terms of performance, Espresso focuses on improving the sorter. The sorter is responsible for validating and batching transactions on the Layer 2 blockchain and sending them.

The Fed chairman emphasized the necessity of establishing a regulatory framework for stablecoins and stated that restrictions on the interaction between banks and digital assets will be gradually relaxed. He called for comprehensive regulation for digital assets to protect consumer rights and ensure financial security, while supporting Congress in formulating stablecoin legislation.

The five major barriers to the large-scale application of Blockchain technology are being broken.
The widespread adoption of new technologies often takes a long time. Taking the United States as an example, it took 78 years for cars to reach a 92% adoption rate, 48 years for household electricity to achieve full coverage, and 26 years for the internet to reach an 88% adoption rate. Although the time required for new technologies to be widely adopted is decreasing, blockchain and cryptocurrency technologies face a unique dilemma: despite these concepts successfully penetrating global public awareness, most people have never actually used the related services.
The reasons for this phenomenon mainly include five aspects:
1. Institutional funding channels are restricted.
2. The entry channel for ordinary users is not smooth.
3. Lack of investment targets that meet the tastes of the general public
4. Most developers find it difficult to enter the industry
5. Infrastructures are difficult to support large-scale applications.
However, during the current market downturn, some actively

April 2024 Crypto Assets Market Monthly Review
Market Overview
In April, the Crypto Assets market experienced significant volatility, with Bitcoin undergoing a notable adjustment. At the beginning of the month, the price of Bitcoin plummeted over 5%, falling below $66,000. Throughout the month, prices fluctuated between $73,000 and $60,000, primarily influenced by macroeconomic factors and changes in market sentiment. This coincides with changes in U.S. interest rate expectations, highlighting Bitcoin's sensitivity to global economic trends.
The derivatives market anticipated this decline, as the funding rate for Bitcoin perpetual futures falling indicates an upcoming adjustment. For many observers, the change in market sentiment makes this adjustment seem inevitable. A significant liquidation event occurred outside of U.S. ETF trading hours.
Changes in U.S. interest rate expectations may be another factor influencing the shift in sentiment towards Bitcoin, and the recent decline may be related to this. This reminds people that while many view Bitcoin as a "store of value".

This article analyzes the policy-driven characteristics of the crypto assets market, pointing out that compared to previous market patterns, the current market's sensitivity to public policy information has gradually decreased. Since the approval of the Bitcoin ETF, the impact of ETF fund flows on price movement has been significant, and the correlation between Ethereum prices and ETF fund flows is relatively strong. As risk-averse funds withdraw, the market's response to tariff remarks has weakened, and investors should follow the changes in policy signals and their potential impact on the market.

The "2025 Bitcoin Strategic Reserve Act" aims to incorporate Bitcoin into the financial system of U.S. state governments in order to address inflation and enhance financial resilience. The proposal emphasizes flexible investments, ensures asset security for digital assets, and allows for tax payments in Bitcoin, marking an exploration and practice of financial innovation.

The RGB++ Layer will be launched in July 2024, aiming to build the BTCFi ecosystem that connects public chains such as BTC, CKB, and Cardano. This layer uses the RGB++ protocol to achieve Cross-Chain Interoperativity and leverages the CKB smart contracts environment to provide a good experience for Bitcoin users while addressing asset issuance and cross-chain issues.

Web3 Gaming Industry Weekly Report (February 24 to March 2)
The blockchain gaming industry has developed rapidly this week, with several projects making significant progress. Let's review the recent key developments and data rankings.
Industry Trends
1. Sonic SVM officially launched on the Mobius mainnet, providing Layer 2 gaming blockchain support for the Solana ecosystem.
2. Immutable has partnered with Tokyo Beast, which will develop new games on the Immutable platform.
3. Hamster Kombat launched the TON-based Layer 2 blockchain Hamster Network.
4. Social gaming company ACID Labs completed $8 million in financing, led by a well-known investment firm.
5.

Stablecoins play an important role in the digital asset market, as they reduce price fluctuation risks by being pegged to fiat currencies, providing a stable Medium of Exchange. They are mainly divided into fiat-collateralized, crypto-asset-collateralized, and Algorithmic Stablecoins, and are widely used in payment, DeFi, and other areas. In the future, Compliance will become a focus, and cross-chain stablecoins are expected to develop, promoting the further maturity of digital finance.

TON (The Open Network) is a high-performance decentralized blockchain designed to meet the needs of Telegram users. Its unique technical features include Actor-based parallel processing, a dynamic sharding mechanism, and a multi-layer architecture, enabling high concurrency and scalability. The TON ecosystem supports various applications such as Telegram mini-programs, decentralized websites, and bots, promoting the development of Web3.

New Forces in the Stablecoin Market: The Rise and Impact of Global Dollar Network
Stablecoins are gradually becoming a key component of the global financial system, particularly playing a bridging role between fiat currency and crypto assets in the fields of cross-border payments and decentralized finance. Currently, the stablecoin market is dominated by two major players, accounting for nearly 90% of the market share. However, the launch of a brand new stablecoin network - Global Dollar Network, brings new vitality to this highly concentrated market. This article will delve into the impact of the network's launch on the Web3 industry and its significance in the global stablecoin market.
1. Background and Objectives of the Global Dollar Network
Global Dollar Network is an open network aimed at promoting stablecoins.

Tokenomics is crucial for Web3 projects and users. It analyzes the advantages and disadvantages of models through four dimensions: token supply, utility, distribution, and governance, ensuring the sustainable development of projects. Excellent models have reasonable stake mechanisms, rich application scenarios, and continuous business revenue to support token value and the ecosystem.

Exclusive Interview with the Founder of Move Language: Why the Sui Move smart contracts Language is Suitable for Building Web3 Products?
Recently, we had a conversation with Sam Blackshear, the Chief Technology Officer of Mysten Labs and the founder of the Move programming language, discussing why he developed Sui.

This week, the crypto market showed active performance, with MicroStrategy increasing its holdings of Bitcoin by $600 million, and the volume of PumpSwap surged to $1.5 billion. Market sentiment has improved, with active trading on the BSC chain and SOL chain. Although short-term investors are facing losses, long-term holders are starting to increase their holdings. The overall futures market remains calm, and institutional funds are regaining confidence.