Web3 Industry Dynamics Overview

Important News

The Cardano community has approved a core development budget of approximately $71 million, which will be used to advance technical upgrades in areas such as scalability, developer experience, and interoperability, with the hope of enhancing the development prospects of ADA.

Last week, Bitcoin spot ETFs saw a net outflow of $643 million, marking the first shift to negative after seven consecutive weeks of net inflows. Among them, BlackRock's IBIT performed the best with a net inflow of $355 million, while Ark Invest and 21Shares' ARKB experienced the largest net outflow of $444 million.

The "SocialFi" concept launched by a trading platform has sparked a frenzy on the Zora platform, with the daily token issuance on the Base chain once exceeding that of Solana. This is mainly attributed to Zora's "creator token" model, which transforms content into tradable assets.

Lido's co-founders stated that in order to ensure long-term sustainable development, they have decided to reduce the size of the contributor team, with about 15% of employees being affected. This decision is purely based on cost considerations, aiming to consolidate the foundation for future development.

A gaming guild network has announced the establishment of a new Onchain Guild and allocated approximately $7.5 million worth of tokens to the ecological fund pool for exploring yield generation strategies. The ecological fund pool adopts a decentralized structure and exclusively uses guild assets for dedicated trading.

Market View

Robert Kiyosaki, the author of "Rich Dad Poor Dad," stated that if Bitcoin falls below $90,000 due to the "August curse," he will double his investment. He believes that there is no problem with Bitcoin itself; the issue lies with America's massive debt and Federal Reserve policies.

An analyst pointed out that the Bitcoin bull market has entered its later stage, and investor risk appetite is gradually declining. It is expected that there will be two more rebounds during this cycle, followed by a possible correction phase.

Another analyst observed that long-term Bitcoin holders are still in a solid profit zone, demonstrating a strong willingness to hold. However, short-term holders are fluctuating around lower profit levels, which may trigger periodic pullback pressure.

Analysis suggests that the recent drop in Bitcoin below key support levels is primarily influenced by slowing employment data and seasonal weakness. Risk assets may continue to perform weakly until economic and market fundamentals improve.

Data Statistics

For the first time in 15 weeks, digital asset investment products experienced a net outflow, with a net outflow of $223 million last week. Among them, Bitcoin saw a net outflow of $404 million, while Ethereum recorded a net inflow for 15 consecutive weeks.

The market capitalization of USDe has risen to $9.293 billion, with an increase of over 75% in the past month, making it the third largest market cap stablecoin.

Institutional Dynamics

CACEIS, a subsidiary of Crédit Agricole, acquires a minority stake in Kriptown to support the launch of the blockchain exchange Lise. Lise aims to simplify equity financing and listing processes for small and medium-sized enterprises.

Japanese nail salon chain Convano Inc plans to hold 21,000 bitcoins by the end of March 2027 and has recently raised approximately $13.54 million to increase its bitcoin holdings.

The Japanese listed company Metaplanet has invested approximately $53.7 million to increase its holdings of 463 bitcoins, bringing its total to 17,595 bitcoins, with a total purchase cost of about $1.78 billion.