新聞資訊

On July 30, 2025, Ethereum celebrated its 10th anniversary. From its original vision as a “World Computer” to its evolving role as a settlement layer for assets, data, and applications, Ethereum is undergoing a profound and subtle transformation. As interest from traditional financial institutions accelerates and technical upgrades move forward, Ethereum is developing a dual-engine ecosystem driven by both technology and finance. At the same time, Ethereum’s core development teams appear to be re-centering their technical focus on Layer 1.

July 2025 proved to be a milestone month for crypto markets, balancing new price highs with historic regulatory breakthroughs. Bitcoin soared past its previous peak, reaching a record ~$123,091 on 14 July amid greater regulatory clarity in the US which passed a trifecta of crypto bills (the GENIUS Act, CLARITY Act, and an anti-CBDC measure) through the House with broad bipartisan support during the US Crypto Week.

Satoshi Nakamoto mined the first block of Bitcoin in 2009, and a digital currency and payment system has been born ever since. Early community discussions and related literature studies focused on whether Bitcoin is a currency or an asset, and what risk-return attributes it has. After identifying Bitcoin’s more asset-oriented positioning, scholars began to compare Bitcoin with traditional assets, such as gold, and investigated whether it could be used as an effective money market hedging tool alongside Bitcoin’s safe-haven attributes.The strong outbreak of Bitcoin, especially in the aftermath of the COVID-19 crisis, has led to more research focusing on the linkage between Bitcoin, as a part of the global financial markets, and particular financial asset classes (e.g., stocks, currencies, foreign exchange).

June 2025 saw the financial markets navigate significant macroeconomic and geopolitical turbulence while still achieving notable milestones. Macroeconomic uncertainties was accentuated by a sudden Middle East crisis as hostilities escalated between Israel and Iran, threatening oil supply via the Strait of Hormuz. However, after 12 days of airstrikes that saw the United States also participating in the attack against Iran, Israel and Iran have agreed to a ceasefire which momentarily lifted market sentiments.

Institutional uptake of stablecoins and tokenized real‑world assets (RWAs) has accelerated markedly: stablecoins now exceed $250 billion in market value, while RWA assets under management have risen from $15.7 billion to $23.91 billion year‑to‑date, propelled chiefly by tokenized private credit and Treasury products.

Today (June 17th, U.S. local time) marked a significant progress in U.S. history as the Senate passed the GENIUS Act, a bill which would establish a clear regulatory federal framework for dollar-backed cryptocurrencies known as stablecoins. Moving forward, the bill would progress to the House and President Donald Trump for approval before materializing into full effect.

May 2025 marked a period of notable resurgence for the cryptocurrency market. The overall market capitalization demonstrated a robust recovery, rebounding significantly from April lows to reach $3.25 trillion by May 31, 2025, reflecting a 10.2% MoM growth. Market sentiments improved slightly as the Fear and Greed index climbed from 51 to 55 in May. This upward trajectory was largely propelled by the impressive performance of major assets like Bitcoin and Ethereum, both of which saw substantial price appreciation driven by accelerating institutional adoption and favorable regulatory shifts. Donald Trump rolling back on his aggressive trade tariffs rhetoric against major trading partners like China and EU has also been a key catalyst driving May market rally.

The recent wave of memecoin launchpads have once again brought the term ‘Internet Capital Market’ to the spotlight, underscoring the vital roles these launchpads play in allowing projects/creators to secure funding through tokens to bring their projects from ideation to market.

April marked a turbulent month for the crypto industry as Trump unleashed his ‘Liberation Day’ tariffs to kick off April, putting the markets in a state of heightened fear and uncertainty. Sentiment deteriorated thereafter as the fear and greed index plunged to a yearly low of 15 on 9 April when China unveiled retaliatory tariffs on US goods effective from 10 April, roiling financial markets and the crypto industry.