The U.S. Senate passes a landmark stablecoin bill.
The U.S. Senate on Tuesday approved the landmark GENIUS Act, advancing the federal government's regulatory efforts on stablecoins. This marks the first time the Senate has passed significant cryptocurrency legislation. The main sponsor of the bill expressed gratitude before the formal vote. Less than a week ago, lawmakers overwhelmingly supported the bill, with many anticipating its passage.
Next, the House of Representatives needs to decide how to proceed. In April of this year, the House Financial Services Committee proposed its own stablecoin bill, but it has not yet been submitted for a full vote.
Trump speaks out on the situation in Iran
Former President Trump posted on social media to express his views on the Iran issue. He stated that he hopes to completely resolve the nuclear problem with Iran, while considering a range of options, including the possibility of taking military action against Iran. A final decision has not yet been made. Trump hopes to ensure that Iran cannot produce.

Fartcoin is a meme Crypto Asset originating from AI conversations, which quickly attracted follow after its launch in 2024, with its market capitalization rapidly climbing to a billion. Despite lacking practical applications, its pump against the trend has sparked discussions on Wall Street, becoming a representative of speculative sentiment, reflecting the absurdity of the Crypto Assets market and the social driving effect.

Crypto Assets market reaction to politically associated Tokens: from zero to hero
Recently, a study on the cryptocurrency market's reaction to politically connected tokens has attracted widespread attention. The research analyzed an event where a political figure issued a Meme coin, revealing the heterogeneous volatility spillover effects driven by market sentiment and fundamentals. Political signals amplified speculative dynamics, highlighting the increasing role of political factors in shaping the cryptocurrency market and investor behavior.
Introduction
Political dynamics are increasingly influencing financial markets, and the Crypto Assets market has become a significant arena where politics and finance intersect. The 2024 U.S. presidential election further highlights this relationship, as a certain Republican candidate has unprecedentedly turned to support digital assets. He claims he will make the U.S. the "crypto capital of the world" and place Crypto Assets at the core of his economic agenda, leading the market to anticipate a more favorable policy stance during his term.
These expectations

The peculiar phenomenon of the Crypto Assets market: the rise of Fartcoin
In the first quarter of this year, the Crypto Assets market showed an overall downward trend, but a token with an absurd name became one of the few mainstream coins that rose against the trend. This token not only caused a sensation within the encryption community but even broke through the barriers of the community, attracting the attention and discussion of traditional Wall Street investors.
This eye-catching token is Fartcoin. Its birth originated from a conversation between artificial intelligences. In an AI agent model, a casual chat about a certain well-known entrepreneur's fondness for farting sounds triggered a chain reaction, ultimately leading to the creation of Fartcoin.
Fartcoin was immediately sought after by Crypto Assets enthusiasts upon its launch. A well-known venture capitalist retweeted a mocking post about Fartcoin on social media, an act seen as a form of endorsement for the project. Although he did not explicitly state

This article reviews the development process of memes, divided into three stages: the startup period from 2013 to 2016, the mainstream period from 2017 to 2021, and the transformation period from 2022 to 2025. The core value of memes lies in cultural dissemination and community consensus, rather than purely technical value. In the future, they need to face more complex market challenges and achieve rational development.

The Labubu toy series sparked a craze in 2024, with the market capitalization of Pop Mart soaring, but the related crypto asset LABUBU saw a significant fall. This indicates that the success of physical products does not guarantee the long-term value of crypto assets, reminding investors to follow actual applications and long-term potential, and avoid speculation risks.

As multiple unfavourable factors are digested by the market, it has started to warm up from the bottom, with Ethereum being the standout performer over the past week. This previously controversial public chain has achieved multiple favourable information through factors such as the Pectra upgrade, continuous ETF purchases, and the success of the Virtual new mode, leading to capital recognition, technological upgrades, and a prosperous on-chain ecosystem, which has driven the coin price to continuously pump, while also reviving Memecoins on Ethereum.
In contrast, while the established secondary Memecoins and AI sector tokens in the Solana ecosystem are generally rising, the primary market's pace is becoming increasingly rapid. Due to a lack of new narrative support, coupled with ongoing selling pressure in the upper market, the lower market is continuously being drained. Among the new tokens, only the Bonk system continues to launch new projects, but it is unable to stand alone, and the opportunities for ordinary investors to profit within the ecosystem are diminishing.
Ethereum Meme Revival

This week, the Blockchain gaming industry is developing rapidly. The Core Foundation initiated a hackathon event, Beamable raised $13.5 million, the Sonic SVM mainnet will launch on February 27, and B3 will conduct a token airdrop. Various games with new players and retention rates have performed well, and the token price has risen significantly.

The article discusses the combination of AI and Blockchain and its necessity. The traditional financial system cannot support the economic activities of autonomous AI, as its foundation is based on human identification. Blockchain provides the possibility for non-human users to participate in the economy, allowing AI to conduct transactions independently. Stablecoins will become the settlement tool among AI Agents, and in the future, AI systems may exist in the form of DAOs. However, this vision faces legal and technical challenges and requires new governance frameworks for support. Blockchain lays the foundation for machine finance.

Overview of Global Blockchain Investment and Financing Last Week
According to statistics, last week (3.31-4.6), there were 12 public financing events in the global Blockchain industry, with a total scale exceeding 0.658 million USD, and the influx of funds showed a continuous decreasing trend. The financing situation in various fields is as follows:
DeFi
P2P.me has completed a $2 million seed round financing. The platform enables users to pay merchants who only accept fiat currency using stablecoins through an intermediary network, with the transaction process taking approximately 90 seconds. The platform uses zero-knowledge proof technology to verify user identity, ensuring privacy and security.
NFT
The luxury goods fractional investment platform Collecto has completed a seed round financing of 2.8 million euros (approximately 3.05 million USD). Several industry executives participated in the investment. Collecto aims to realize the fractional ownership of luxury goods collections by offering exclusive items such as modern art, luxury watches, and investment-grade wine.

The "Hundred Models Competition" in the AI Field: An Engineering-Based Contest
Last month, the AI industry staged an "Animal Fight."
On one side is the Llama model launched by Meta, which is favored by developers for its open-source nature. After studying the Llama papers and code, Japan's NEC quickly developed a Japanese version of ChatGPT, solving the AI technology bottleneck for Japan.
The other party is a large model named Falcon. In May of this year, Falcon-40B was released, surpassing the Alpaca to top the open-source LLM ranking.
The leaderboard is created by the open-source model community and provides standards for evaluating LLM capabilities. The ranking alternates mainly between Llama and Falcon.
Llama 2 initially took the lead after its release, but at the beginning of September, Falcon launched the 180B version, reclaiming the top spot.
Interestingly, Fal

In 2025, the Crypto Assets financial company once again attracts investors' follow, using Reverse acquisition and SPA transactions to boost stock prices through encryption strategies. Despite the potential for high returns, these models also carry high risks, and ordinary investors may be more suited for direct investment in Crypto Assets ETF.

The "CLARITY Act" aims to clarify the definition and regulation of digital assets, delineate the functions of the SEC and CFTC, and promote transparency and compliance in digital asset regulation. The act is expected to enhance market confidence and support the legitimate development of Blockchain and DeFi projects, but investors should exercise caution.

Camp Network proposes the "provenance proof" protocol in response to the data exhaustion crisis in AI development, aiming to protect data ownership and support paid use of AI, with the goal of building a new economic ecosystem for mutual benefit. Through the BaseCAMP, Origin, and mAItrix architectures, it promotes user control of data and facilitates the integration of AI with intellectual property, addressing legal disputes and data privacy issues.

This episode invites full-time trader Colin to discuss his trading growth journey and market views. He emphasizes the three key elements: goals, mindset, and trading systems, sharing important trading experiences and advice on the unknown. Colin is long-term optimistic about the U.S. stock market, believes Bitcoin is currently slightly bearish, and follows the price range and key support levels.

Recently, an incident occurred at the WNBA where spectators threw toys, which was actually a marketing campaign by a crypto assets group to promote their new coin, Green Dildo Coin. Although the group claimed it was a protest, the event sparked widespread controversy, with WNBA players and the league expressing dissatisfaction, considering the act to be insulting to female athletes, while also prompting reflections on the chaos in the crypto market, marketing ethics, and investment risks.

Hong Kong is facing new opportunities for Web3 development, strengthening legal compliance, asset tokenization, and talent development through Policy Declaration 2.0. The gradual opening of digital asset trading and financing is driving Hong Kong to become a global digital asset hub, reshaping trust and financial structures, and laying the foundation for a new financial order.

A prediction market is an open market that uses financial incentive mechanisms to predict specific events, reflecting the public's views on the outcomes of those events through trading contracts. The article introduces several prediction market platforms, including Polymarket, SX Bet, Pred X, and Azuro, analyzing their respective characteristics and mechanisms. Overall, prediction markets have gained follow in crypto culture and demonstrate the information-gathering capabilities of a free market.

FUNToken plans to launch a large-scale rewards program aimed at attracting traditional gamers, with an expected user base exceeding one million. The platform builds an appealing ecosystem through instant rewards and a drop in entry barriers, while giving control to Token holders to enhance user engagement. At the same time, FUNToken focuses on long-term value and utility, offering a high-yield stake mechanism to ensure that players experience both enjoyment and wealth accumulation.