2025lovepeace

When the last rays of sunlight in 2025 fall on the block hash of on-chain transactions, the cryptocurrency industry finally bids farewell to its "adolescence" filled with speculation and turbulence. This year, the crypto market capitalization first surpassed $4 trillion, stablecoin annual trading volume rivaled that of traditional financial giants, institutional capital flooded in like a tide, and most importantly, the implementation of regulatory frameworks turned "wild growth" into history—cryptocurrencies are no longer niche toys for geeks but have officially entered the core landscape of the modern economy.
1. Market Transformation: From "Niche Speculation" to "Mainstream Allocation"
The most notable change in the 2025 crypto market is the dual upgrade of "scale" and "structure." The global crypto market cap broke through $4 trillion, backed by the real participation of 40 to 70 million active users and a massive base of 716 million holders—although passive holders still account for the majority, this leaves ample room for industry growth.
Regional differences further highlight market maturity: emerging markets like Argentina and Nigeria, due to currency crises, saw a surge in crypto mobile wallet usage (Argentina's growth was 16 times over three years), making cryptocurrencies a "safe haven" for ordinary people; while developed countries like Australia and South Korea tend to focus more on trading and investment, with token-related network traffic remaining at the forefront. This differentiation proves that cryptocurrencies can meet the needs of different economies rather than being a single speculative tool.
The asset landscape has also achieved a new balance. Bitcoin still maintains its position as "digital gold" with over 50% of the market cap, reaching a record of $126,000 in value this year.

By the end of January 2024, I read three articles by Mike Green on Substack: these are three very lengthy articles that make you feel like you've been reading forever; combined, they are as long as a small book. I will try to summarize them in Mandarin as follows: the main idea of the articles is: if you think the current economic data is good but your life is still tight, earning $100,000 a year is still considered poor, then it's not your fault—it's because the measure of wealth and poverty is based on Doraemon's self-deceiving ruler. The articles have three main points:
1. "Poverty Line" is actually a flawed measure
The US official poverty line is an annual income of $31,200( for a family of four); as long as your income exceeds $30,000, you're not considered poor. But this ruler was created in 1963. The logic back then was simple: a family spends about one-third of their income on food, so by calculating the minimum food cost and multiplying by three, you get the poverty line. But now, the situation is very different. Most people have seen that famous chart—the "Baumol's Cost Disease"(: food is getting cheaper, but the costs of housing, healthcare, and childcare are skyrocketing. If you calculate based on the 1963 standard of living—that is, being able to participate normally in society), having a house, a car, someone to take care of the kids, and access to healthcare(—the real current poverty line is not just over $30,000, but $140,000), roughly 1 million RMB(, which is just enough to live decently in this society.
2. The more you work hard, the poorer you become
America's welfare

Microcosm of Liquidity Shock from March 14 to 15, 2025, Starknet (STRK), Sei (SEI), and Connex (CONX) three projects successively triggered token unlock mechanisms, releasing a total of over $80 million in circulation. Among them, Connex's unlock volume reached 376.3% of the existing circulating supply, a figure far exceeding the typical project unlock ratio, raising market concerns about short-term supply and demand imbalance.
The narrative of differentiated unlocking logic can be observed from specific projects: Starknet's release of 64 million STRK (approximately $14 million) follows a linear release plan for the team and investors, with tokenomics designed to buffer short-term selling pressure through phased releases; Sei's release of 220 million SEI (about $60.5 million) mainly flows to early private investors, who typically have stronger profit-taking motivations; meanwhile, Connex's unlock of up to 376.3% of the circulating supply exposes flaws in the initial distribution mechanism — newly released tokens may form a "liquidity dam" in the short term.
Market reactions validate this difference: the price volatility of STRK within 24 hours after unlocking was only 5.2%, significantly lower than Sei's 11.7% and Connex's 38.4%. This demonstrates that mature projects' token release mechanisms can mitigate shocks through market expectation management, whereas projects with rapid circulation expansion face

In the traditional internet (Web2), users' trust relies on centralized institutions such as banks, social platforms, or e-commerce giants. However, frequent issues like data breaches and algorithm manipulation have led people to seek a trust mechanism that does not depend on "middlemen." This is the core goal of Web3 — to reconstruct the trust system through blockchain technology, allowing users to truly control their digital assets and identities. The reason blockchain is called the "trust engine" of Web3 lies in its two technological pillars: consensus algorithms and cryptography, which enable trustworthy collaboration in a decentralized environment.
Consensus Algorithm: The "rule engine" that enables strangers to reach agreement. In a blockchain network, thousands of nodes worldwide may not know each other, but they must agree on questions like "which transactions are valid" and "how data is updated." This consensus relies on consensus algorithms — a set of mathematical rules that ensure the network can operate efficiently even in the presence of malicious nodes.
Proof of Work (PoW): The classic algorithm used by Bitcoin, requiring nodes to compete for the right to record transactions through complex calculations (commonly known as "mining"). This mechanism increases the cost of malicious behavior by consuming real resources (such as electricity), making it difficult for attackers to tamper with historical data.
Proof of Stake (PoS): The upgraded algorithm used by Ethereum, where nodes earn the right to record transactions based on the amount and duration of tokens they hold. PoS reduces energy consumption but requires participants to stake assets; malicious behavior risks confiscation of their staked assets. Whether it is PoW or PoS, fundamentally, they are achieved through

In March 2025, the global developer community discovered a batch of JavaScript packages embedded with malicious code, with over one million downloads. These seemingly normal open-source components actually carried cryptocurrency theft programs designed by the North Korean hacker group Lazarus. Attackers tampered with public libraries in npm (Node.js package manager) to build an automated chain of malicious code propagation. The modular attack's technical breakdown centers on "dependency hijacking": when developers reference contaminated third-party libraries in their projects, the malicious code automatically scans local stored cryptocurrency wallet files. It achieves covert attacks through the following three-layer mechanisms:
Environment disguise: The program only activates when detecting specific geographic IPs or system languages, avoiding exposure during sandbox testing;
Key sniffing: For desktop wallets developed with the Electron framework, it exploits file system permissions to steal encryption private keys;
On-chain obfuscation: The stolen assets are converted into privacy coins via cross-chain bridges and injected into liquidity pools of decentralized exchanges to launder money.
The new battleground logic of the digital cold war exposes critical vulnerabilities in the open-source ecosystem:
Broken trust chain: Over 78% of JavaScript projects depend on third-party libraries that have not undergone security audits. Hackers only need to compromise one maintainer account to corrupt the entire dependency tree;
Economic leverage imbalance: The stolen assets are injected into DeFi protocols through mixers, ultimately flowing to shell companies controlled by North Korea, used for military procurement.

Redefining Data Collaboration Imagine a notebook maintained collaboratively by hundreds of people, where any modification is visible to everyone and cannot be tampered with — this is the core logic of Distributed Ledger Technology (DLT). In the traditional internet, data is stored on a company's central server, while DLT enables each participant to become a data custodian, ensuring data synchronization and security through encryption technology. This innovation allows cross-border payments to no longer rely on banking systems and enables medical data to be shared across hospitals while protecting privacy. Four core operational principles:
Decentralized Network Architecture
In a DLT network, each node (such as a personal computer or server) maintains a complete copy of the ledger. For example, when a clothing brand uses DLT to track raw materials, all data from cotton growers to garment retailers is synchronized in real-time, eliminating the risk of lost paper documents in traditional supply chains.
Consensus Decision-Making System
The system reaches data consensus through algorithms similar to "voting" (such as Proof of Stake PoS). For instance, in a logistics company's DLT network with 100 nodes, a record is only permanently stored when 70 nodes verify that a batch of goods has been delivered, preventing malicious activity by a single node.
Cryptographic Security System
Each transaction is transformed into a 256-bit encrypted fingerprint (hash value), where any slight change results in a different fingerprint. For example, if a student's diploma is stored on the DLT, employers can verify its authenticity simply by comparing hash values, without contacting the issuing authority.
Automated Smart Contracts
When logistics information shows that goods have arrived at the port, the DLT automatically

What is a "Witch"? Friends who frequently participate in airdrops in the Web3 world might hear the term "Witch." So, what does this term actually mean? A "Witch" refers to individuals who create many fake identities (such as virtual wallet addresses and social media accounts) to scam project teams into distributing free tokens (also known as airdrops). It's similar to someone pretending to be multiple people to attend events and win prizes, aiming to get more rewards. These individuals may operate these fake identities to perform simple transactions or tasks, making them appear as real users. Why do project teams crack down on "Witches"? Because they don't want to be deceived by these fake identities, which can reduce the rewards for genuine participants and may also make the project data look better than it actually is (for example, showing more active users). If too many "Witches" exist, genuine users will feel it's unfair and trust between the project and other users can be damaged. How to avoid being mistaken for a "Witch"? Diversify your assets: avoid transferring funds directly from one main account to multiple small accounts, as this is easy to detect. You can transfer funds indirectly through third-party platforms like exchanges to hide the connection between accounts. Randomize your actions: whether it's transfer amounts or timing, try to keep variations and avoid forming fixed patterns. For example, create wallets at different intervals, and vary the transfer amounts each time. Use different networks and devices: each small account should ideally use a different IP address and log in on different devices to avoid being detected.

The most important technology for cryptocurrency exchanges in the next ten years is surprisingly hidden in a class diary?

When the U.S. Department of Justice released the seizure list—127,271 Bitcoins valued at $15 billion—the entire crypto community and mainstream media exploded. This money doesn't belong to some Wall Street tycoon, nor to a mysterious miner. Its owner is a criminal empire called "Prince Group" based in Cambodia. Its core business, which we've heard so many times that our ears are calloused, has now reached new heights and brutality—"Pig Butchering" scams. This figure has directly broken records in history, becoming the largest cryptocurrency seizure ever. But behind these cold numbers, it's not about technological battles, but countless families drained of everything, and thousands of young people imprisoned like "slaves." A netizen left a sharp comment: "Western medicine works faster." This phrase sounds a bit rough, but it's terrifyingly accurate. A tangled criminal tumor in the East has finally been precisely taken down by a "powerful drug" from the West. Side A "Prince," Side B "Living King of Hell"—the main characters of this story, 37-year-old Chen Zhi, whose business card shines brightly when meeting people: Chairman of Prince Group, multinational entrepreneur, holding dual citizenship in the UK and Cambodia, a "high-class person." His company's website is full of high-end businesses like real estate and finance, portraying himself as a passionate patriotic businessman. But this glittering veneer was torn off by Americans, revealing a bloody and dirty side: one of "Asia's largest" criminal groups—Prince Group's true main business,

With the introduction of Web3 technology, the digital world is undergoing a major transformation, changing the way we communicate online, conduct business, and collaborate. The core of this revolution has four fundamental elements: artificial intelligence (AI), blockchain technology, cryptocurrencies, and decentralization. Together, they aim to enhance security, openness, and user control, laying the foundation for a new era of the internet. Let’s take a closer look at these elements and understand their roles and potential impacts in shaping the future of the internet. Artificial Intelligence: Enhancing the Web3 Experience Web3 heavily relies on artificial intelligence, which is the foundation of contemporary technology. Applications such as chatbots, virtual assistants, content management, and data analysis are all powered by AI algorithms. Within the Web3 framework, artificial intelligence can ensure customized user interfaces, improve security measures, and facilitate efficient data management. Additionally, by detecting anomalies and predicting potential attacks, AI algorithms can enhance network security by increasing the resilience of Web3 platforms. AI can also help with data management by simplifying and automating processes, thereby improving efficiency. AI improves user engagement with content delivery by allocating bandwidth and presenting materials in the most optimal way. In this context, AI supports the development of a decentralized internet by enabling Web3 platforms to offer intelligent, user-friendly experiences. Blockchain: The Pillar of Web3 Web3 is built on blockchain technology, which provides unparalleled security, un

Top-tier Web3 projects are breaking the boundaries of blockchain, NFTs, smart contracts, and DeFi. This guide explores some projects at the forefront of innovation that are transforming Web3 scalability, cross-chain communication, security protocols, and user experience. Discover how these advancements are shaping the future of decentralized networks. What are the leading Web3 projects? 1. Guru Network Guru Network is an ecosystem of products and services that integrates artificial intelligence with real-world business processes. It also provides a multi-chain AI computing layer for blockchain-based projects. These features lay the foundation for developing and deploying applications with minimal code. Some core components of Guru Network include its trading terminal (DexGuru), blockchain explorer, data warehouse, and the Guru framework. DexGuru is the first product in the Guru Network ecosystem. This trading terminal features TradingView charts, token profiles, cross-chain swaps, alerts, and notifications. The blockchain explorer supports Ethereum-compatible application chains and offers all standard features of high-end explorers like Etherscan. The data warehouse can be used to integrate services like blockchain explorers, perform data queries, and utilize APIs. Lastly, the Guru framework is an SDK for creating and managing DApps. Guru Network's capabilities are powered by humans

Ordinary people's coping strategies: Finding balance in change
For ordinary individuals, the nationalization of Bitcoin presents both opportunities and hidden risks:
Investment Strategy:
- Diversified Allocation: Allocate no more than 5% of assets to Bitcoin to hedge against fiat currency devaluation. Participation can be indirect through compliant exchanges (such as Coinbase) or ETFs (like FIC S0P BTC).
- Technical Hedging: Choose decentralized wallets (such as Electrum) to store private keys, avoiding custodial risks associated with centralized platforms.
- Beware of Speculation: Derivative products like Meme coins carry high risks; strict position control is necessary.
- Knowledge Preparation:
- Stay Informed on Legislation: The US "Market Structure Act" and stablecoin legislation will influence industry dynamics.
- Learn Technical Principles: Understand how technologies like the Lightning Network and Taproot enhance Bitcoin's practicality.
- Long-term Perspective:
- Bitcoin's scarcity (21 million coins) and increasing institutional holdings may support its long-term value. However, short-term volatility is inevitable, so mental preparedness is essential.
- Practical Examples:
- Countries like El Salvador demonstrate that Bitcoin can serve as a supplement to national reserves, but policy reversals pose risks.
Future Outlook:
- The battle between decentralized finance and sovereign currencies
The signals released by the Bitcoin 2025 Conference are clear and strong: the traditional financial system is undergoing a peaceful evolution driven by technology. As political capital and corporate forces jointly promote Bitcoin's nationalization, its decentralized nature will inevitably conflict with the sovereign currency system. If the US successfully establishes a Bitcoin strategic reserve, it could trigger a global shift.

On July 18th local time, U.S. President Donald Trump officially signed the "Guidance and Establishment of the U.S. Stablecoin National Innovation Act"—yes, the so-called "Genius Act" that has been widely discussed online. You read that right, this means that for the first time, the U.S. federal government is officially "crowning" a USD stablecoin, allowing compliant financial institutions to openly issue digital currencies pegged 1:1 to the dollar. If the past decade in the crypto world was characterized by "wild growth," then from today, an era led by the United States as the "regular army" has officially begun. As ABC News headline states: "Trump signs the first major federal cryptocurrency bill." This is not just a piece of legislation; it’s more like a butterfly flapping its wings in Washington, triggering a global financial storm that is already brewing.
What makes the "Genius Act" so impressive? It equips the dollar with a "digital engine." Let’s break down in plain language what this bill actually stipulates and why it’s so powerful. Not everyone can play; licensing is required. The bill clearly states that only banks and similar financial institutions licensed by federal or state authorities are qualified to issue stablecoins. Tech giants like Meta (Facebook) or Elon Musk’s companies? They can try, but only through licensed institutions—no bypassing regulations to do it themselves. In simple terms, it’s about establishing a "licensing system," keeping the issuance rights firmly in the hands of licensed entities. The amount of currency a company can issue depends on how much reserve it holds. It mandates a "100% reserve" system. If you issue 1