Web3 Weekly Highlights: The encryption IPO craze is coming, Bitcoin may surge to $250,000 by the end of the year.

This week, we have selected important dynamics and in-depth analyses in the Web3 field, covering various aspects such as macro trends, AI development, project dynamics, and more.

Macroscopic Perspective

The price trend of Bitcoin has attracted attention. The increase in the proportion of long-term holders and the rise in institutional participation are gradually transforming it from a speculative asset into a liquidity hedge tool. Some analysts believe that Bitcoin is expected to challenge the high of $250,000 by the end of the year.

The trend of cryptocurrency reserves among US-listed companies continues. More and more companies are incorporating Bitcoin and other encryption assets into their balance sheets, and this "effect" involves multiple industries such as finance, technology, and healthcare, with some companies' stock prices rising significantly as a result.

The second half of 2025 may face two main lines in the encryption market: one is the game around interest rate cuts, and the other is the opportunities brought about by the reshaping of the dollar system. Investors need to grasp certain opportunities amidst the volatility.

The competition in the stablecoin sector is intensifying. From fintech companies to traditional financial giants, all parties are laying out their stablecoin businesses. JPMorgan Chase has launched the JPMD "deposit token" in an attempt to gain a first-mover advantage in the institutional market.

The wave of cryptocurrency company IPOs is emerging. With the improvement of the regulatory environment, more and more crypto companies are planning to enter the US capital market. After Circle's successful listing, its stock price has repeatedly reached new highs, further boosting market enthusiasm.

AI and Meme Trends

OpenAI CEO believes that artificial intelligence may have entered the "singularity" moment, marking the beginning of a new era of superintelligence.

The integration of blockchain and AI is deepening. Multiple projects have received investments from well-known institutions, exploring cutting-edge fields such as decentralized AI training.

Meme coin continues to be active, becoming the focus of market attention.

Investment Opportunities

The Upside social prediction market on the Base chain is gaining attention, utilizing a unique incentive mechanism.

The DeFi sector is welcoming positive developments, with opportunities in subfields such as yield-bearing stablecoins.

EigenLayer launched the verifiable cloud platform EigenCloud, receiving substantial financing support.

Industry Trends

JD Coin Chain plans to launch a stablecoin within the year. The CEO revealed that scenario testing has been completed and plans to launch stablecoin products anchored to currencies such as the Hong Kong dollar.

The exchange WhiteBIT has rapidly risen in a special environment, with its platform token market value ranking among the top.

Coinbase expands its influence through various means, including sponsorship of events, acquisitions, and more.

The implementation of new regulations by Binance has led to user loss, and the Alpha ecosystem is facing transformation.

A certain well-known KOL "loss" incident has sparked discussions, and on-chain data analysis reveals the operations behind it.

Many well-known IPs choose to issue exclusive chains on Avalanche, with cost and thresholds being important considerations.

Encryption-related accounts on social media platforms are facing a "wave of account bans".