
The February 5 crash was not a failure of Bitcoin's fundamentals, but a 'structural resonance' triggered by TradFi deleveraging; when Wall Street's liquidity winter met the anti-fragility of digital gold, the resulting price trough was not an end, but a gift to value investors.

The rise of USD1 is the result of the combined forces of technological progress and the wave of compliance. With its transparent reserves, compliant posture, and powerful ecosystem support, it has left a significant mark on the history of cryptocurrency.

Vitalik: "The original vision of Layer 2s as 'Branded Sharding' to solve Ethereum's scalability is no longer tenable."

Market sentiment remained entrenched in “Extreme Fear” (index 13) this week, with the global market cap falling a further 8.15%. However, on-chain data reveals a critical divergence: new stablecoin issuance skyrocketed 358% to $7.73B (primarily USDC), hitting a recent high and sending a clear signal that large-scale accumulation is underway through compliant channels. While activity declined across most major Layer 1 chains, BNB Chain and Ton demonstrated relative resilience in user growth. Amid the panic-driven sell-off, the market is accumulating potential energy for a possible inflection point.

The current volatility in the Bitcoin market is enough to shake even the most seasoned investors. For newcomers who have just entered the world of cryptocurrency, every sharp price correction feels like a high-stakes psychological stress test.

This week, the cryptocurrency market experienced severe selling pressure, with the global market cap falling 11.5% and the sentiment index dropping to 13 (Extreme Fear). However, on-chain data reveals underlying resilience: despite an overall decline in TVL, DEX volumes on Solana and Ethereum surged against the trend by 49.4% and 192.7%, respectively. Furthermore, new stablecoin issuance came entirely from USDC (approximately $1.69B), signaling continued strategic entry by compliant capital. The growing divergence within ecosystems lays the groundwork for the next phase of structural opportunities amidst broad market weakness.

This is not just a battle over legal texts, but an ultimate contest over who defines, how to govern, and for whom the future financial infrastructure serves.

This week, the market underwent a deep correction amid extreme fear, with total market capitalisation plummeting by over 5%. However, a massive issuance of new stablecoins signals potential accumulation by bottom-fishing capital. Meanwhile, certain public chain ecosystems (e.g., Sui) demonstrated remarkable resilience and counter-trend growth, indicating that structural opportunities emerge even more clearly amidst volatility.

The former "crypto assets" and "traditional securities" will differ only in label, with no remaining essential distinction.