火币成长学院
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In the second half of 2025, global financial markets entered a new era dominated by macroeconomic variables. Over the past decade, loose liquidity, global collaboration, and technological dividends formed the three pillars of traditional asset pricing. However, in this cycle, these conditions are undergoing a systematic reversal, and the pricing logic of the capital market is undergoing a profound reshaping. As a leading indicator of global liquidity and risk appetite, crypto assets are seeing their price trends, fund structure, and asset weights driven by new variables. The three most critical variables are the stickiness of structural inflation, the structural weakening of the US dollar's creditworthiness, and the institutional differentiation of global capital flows.
火币成长学院2025-07-31 09:15
The intensive outbreak of the crypto industry together constitutes the "policy turning point" and "capital turning point" of the crypto industry in the second half of 2025. The deep logic of this round of crypto cycle is shifting from Bitcoin to Ethereum, stablecoins and on-chain financial infrastructure. We believe that the clarification of US policies + the institutional expansion of Ethereum indicate that the crypto industry is entering a structural positive stage, and the focus of market allocation should also gradually shift from "price game" to "capturing the institutional dividends of rules + infrastructure."
火币成长学院2025-07-17 10:11
At the intersection of Web3 and artificial intelligence (AI), crypto payments are being redefined. In the past, it mainly assumed the underlying function of value transfer, but now it is evolving into the execution center of the "AI economy", connecting data, computing power, users and assets in an intelligent collaborative network.
火币成长学院2025-07-10 09:13
At the beginning of the third quarter of 2025, the macro situation has quietly changed. The policy environment that once pushed digital assets to the edge is now turning into an institutional driving force. Against the backdrop of the Federal Reserve ending its two-year interest rate hike cycle, fiscal policy returning to the stimulus track, and global crypto regulation accelerating the construction of an "accommodative framework", the crypto market is on the eve of a structural reassessment.
火币成长学院2025-07-04 02:00
We will start from five macro dimensions (interest rate policy, US dollar credit, geopolitics, regulatory trends, and global liquidity), combine on-chain data and financial models, systematically evaluate the opportunities and risks of the crypto market in the second half of the year, and put forward three types of core strategic recommendations.
火币成长学院2025-06-20 00:00
As the forefront of blockchain financial innovation, DeFi is at a critical juncture of institutional reconstruction and technological upgrading. The new SEC policy has brought it an environment where regulations and opportunities coexist, pushing the industry from wild growth to compliant development.
火币成长学院2025-06-13 02:00
As the Rollup track gradually becomes homogenized, intra-chain parallelism is quietly becoming a decisive variable in the new cycle of Layer1 competition. Performance is no longer just "faster", but whether it can support the possibility of an entire world of heterogeneous applications. This is not only a technical competition, but also a battle for paradigms. The next generation of sovereign execution platforms in the Web3 world will most likely be born from this intra-chain parallel struggle.
火币成长学院2025-05-29 23:00
As a key bridge between on-chain contracts and off-chain real-world data in the blockchain ecosystem, the importance of oracles is becoming increasingly prominent, and they are being upgraded from a single data relay tool to the "intelligence center" of the on-chain world. It is recommended to focus on three major directions: modular oracles, AI-integrated oracles, and RWA identity-bound oracles. Oracles are transforming from supporting roles to "value anchors" of on-chain order, ushering in structural investment opportunities.
火币成长学院2025-05-16 01:00
Since the first half of 2025, the crypto market has entered the "post-bull market" stage, showing the characteristics of high-level fluctuations and structural differentiation. Although Bitcoin successfully hit a new high driven by the halving cycle, it immediately entered the correction channel. Coupled with the fact that the Federal Reserve's monetary policy did not turn to easing as expected and the intensification of Sino-US trade tensions, the crypto market was once again shrouded in the shadow of macro uncertainty.
火币成长学院2025-04-18 03:00
This report will conduct an in-depth discussion on the development status, technical architecture, compliance challenges, impact on the payment system, and future trends of stablecoins, analyze how they drive changes in the payment industry, and evaluate the strategies of major market participants.
火币成长学院2025-03-28 03:00
The Prague upgrade is another important technical iteration of Ethereum. Following the Cancun upgrade in March 2024, it continues to optimize network performance, reduce transaction costs, and enhance the programmability of smart contracts. Compared with previous upgrades, the Prague upgrade not only involves adjustments to the underlying protocol, but also includes a series of far-reaching EIPs (Ethereum Improvement Proposals), including optimizing the Ethereum Virtual Machine (EVM), optimizing Ethereum staking, optimizing Rollup performance, reducing interaction costs, and strengthening storage management.
火币成长学院2025-03-13 08:59
In 2025, the global financial market ushered in new changes. Trump returned to the White House and continued his consistent economic nationalism policy, with policies such as imposing tariffs, reshaping supply chains, and strengthening the hegemony of the US dollar being introduced one after another.
火币成长学院2025-03-06 09:35
Since 2024, the successful approval of the Bitcoin spot ETF marks that the crypto asset market has entered a new stage of development. With the continuous inflow of institutional funds, market liquidity has significantly increased, pushing the prices of Bitcoin and other crypto assets to new highs. Looking ahead to 2025, with the potential interest rate cuts by the Federal Reserve, the increase in the allocation ratio of institutional investors, and the continuous improvement of Web3 infrastructure, the crypto industry is expected to usher in a new round of large-scale bull market.
火币成长学院2025-02-20 10:00
In the Web3 era, TEE (Trusted Execution Environment) is becoming a key cornerstone for data security and privacy computing. From MEV protection to AI computing, from decentralized finance to DePIN ecology, TEE is building a safer and more efficient encryption world. This report will take you to explore this cutting-edge technology in depth and reveal how it will reshape the future of Web3.
火币成长学院2025-02-13 10:26
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