In the past week, the Solana ecosystem has welcomed several positive developments, including the addition of SOL tokens on Nasdaq, the probability of approval for Crypto Assets ETFs rising to 90%, and increased confidence from institutional investors in Solana. At the same time, the launch of several Decentralized Finance projects and new exchanges is driving the continuous development of the Solana ecosystem.

Uniswap v4 introduces the Hook mechanism, enhancing the flexibility of liquidity pools, but it also brings security risks, including potential vulnerabilities and malicious code. Developers need to strengthen access control and input validation to ensure asset security.

BitVM Bridge successfully operated on the Bitcoin Mainnet for the first time.
The Bitcoin ecosystem has reached an important milestone. Recently, an innovative project successfully demonstrated two complete BitVM bridge use cases on the Bitcoin Mainnet. This not only showcased the full functionality and security of the BitVM bridge but also proved the feasibility of handling non-standard transaction ( NSTs ), which has always been a major challenge for the BitVM bridge.
Previously, the project team showcased the potential of BitVM on a dedicated testnet. In order to prototype on the testnet, the team had to modify the Bitcoin core client to accommodate NSTs, which are transactions that often exceed the 400KB allowed by Bitcoin's default mempool strategy. Overcoming the NST issue on the Mainnet is the final key step in product development.
Recently, the project announced partnerships with several mining pools, dedicated to tackling the NST challenges. Excitingly, these

Solana Spot ETF: A Catalyst for the Altcoin Supercycle?
The cryptocurrency market is about to迎来 a new milestone - the first Solana Spot ETF in the United States is about to be approved. This product not only introduces staking rewards but also seamlessly integrates traditional finance with on-chain yields. This groundbreaking product provides a convenient participation channel for institutional investors, marking an important step towards the legitimization of alts and is expected to become a catalyst for igniting the altcoin Supercycle.
Solana

[Coin World] According to reports, the short-term rise in spot gold has expanded to $13, after Trump stated that he would not impose taxes on gold.

Market Dynamics and Focus Projects
1. Market Highlights
1. Market行情
macroeconomic environment
The Federal Reserve is reevaluating the potential impact of the new government on the U.S. economy and inflation. Reports indicate that the Fed chairman has expressed dissatisfaction with some officials' public comments, believing they have too directly linked Fed policy to changes in government policy. The market generally expects that future rate cuts will be more gradual and cautious. There are many uncertainties regarding the Fed's rate cut prospects in 2025, and investors need to prepare for potential economic fluctuations.
According to the data, the probability that the Federal Reserve will maintain interest rates unchanged in January next year is 87.2%, while the probability of a 25 basis point cut is 12.8%. By March next year, the probability of keeping the current interest rate unchanged is 50.6%, the probability of a 25 basis point cut is 44.1%, and the probability of a 50 basis point cut is 5.4%.
Cryptocurrency market
Cryptocurrency market

Tether CTO Paolo Ardoino Exclusive Interview: The Next Strategic Move of the Stablecoin Dominator
In the latest Bankless podcast interview, Tether's Chief Technology Officer Paolo Ardoino detailed the company's future development strategy and views on industry trends. Here are the key points:
Attitude towards the GENIUS Act and compliance preparation
- Tether welcomes the passing of the GENIUS Act, believing it provides a clear regulatory framework for the stablecoin industry.
- The company is actively promoting a domestic stablecoin project in the United States and believes that USDT is in a good position to meet the requirements of the new legislation.
- Tether holds over $125 billion in US Treasury bonds and continues to increase its reserves.
Global Distribution Strategy and Emerging Market Layout
- Te

Weekly Market Highlights Review: The Resonance of Stablecoin U.S. Treasury Dynamics and the Strategic Rise of Bitcoin in a New Cycle
This week, the cryptocurrency market has been mainly characterized by fluctuations, with Bitcoin experiencing multiple spikes, while Ethereum remains relatively strong. Related assets such as UNI and ETHFI have performed well. Trump's media technology group is raising $2.5 billion in private financing to purchase Bitcoin, and Pakistan is establishing a national-level Bitcoin strategic reserve. The $5 billion repayment from FTX stimulated the market's rise earlier in the week. Despite positive news about the SEC relaxing staking regulations, the market still experienced a general decline on Friday, and the future direction of the market is worth monitoring.
In terms of hot topics, stablecoins remain the main theme of the market and are gradually becoming one of the directions for the U.S. government and global institutions; although the Bitcoin conference has no substantial benefits, mainstream opinions are worth paying attention to; with the relaxation of SEC regulations, the timing for staking tracks and a certain trading platform's entry into the U.S. market has arrived.
1. The trend of stablecoin U.S. Treasury bondization
1.Circ

The Rise and Fall of the Bitcoin Inscription Protocol: From Technical Innovation to Rational Return
Foreword
The phrase engraved in the Bitcoin genesis block witnessed the beginning of an era. Today, we are witnessing the demise of another once glorious era – the era of inscriptions and runes.
Since the Ordinals protocol emerged in early 2023, followed by the frenzied speculation around BRC20, and then the introduction of protocols like Runes, Atomical, CAT20, RGB++, and Alkanes, the Bitcoin ecosystem has undergone an unprecedented "inscription revolution." These protocols all attempt to transform Bitcoin from a mere store of value into a foundational platform capable of supporting various asset protocols.
However, when the carnival is over, we have to face a cruel reality: the fundamental limitations of the inscription protocol destined this beautiful bubble. As a practitioner deeply involved in the development of the inscription protocol, this article will string together...

In-depth analysis of the current status of the Sui ecosystem
Since the launch of the Sui mainnet nearly a month ago, the performance of Sui, an important public chain based on the Move language and a highly anticipated non-EVM Layer 1 public chain, has sparked considerable discussion. This article will provide an objective analysis of the current situation of the Sui ecosystem from multiple perspectives.
1. The On-Chain Fundamentals of Sui
1. Asset Liquidity
Currently, the TVL on the Sui chain is $19.02 million, with a peak of $36 million in the past month. Among them, the decentralized exchange Cetus accounts for over 65%, followed by Turbos. More than 60% of the TVL components are stablecoins.
The trading volume in the last 7 days was at least 32.37 million USD, ranking 20th among all public chains, mainly occurring on Cetus.
2. On-chain activity status
7-day data:
- Total Transactions: 1.129 million
-