Evening Must-Reads: 5 Articles | How Many Crypto Assets Have Already Perished?

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1. Bitwise: Please follow Washington as the encryption risks from Congress are increasing.

I am very optimistic about the prospects of cryptocurrency this year. The current environment - increasing institutional participation, improving regulatory conditions, and significant advancements in blockchain technology - is very strong. Click to read.

2.Galaxy: A Comprehensive Analysis of the U.S. GENIUS Act Content and Significance

As of the writing of this article, the total amount of stablecoins in circulation globally has exceeded $243 billion. Among them, $218 billion (90%) is fully collateralized and denominated in USD. It is expected that by 2025, these stablecoins will conduct over 120 million transactions per month, with a transaction value exceeding $700 billion. Stablecoins are widely used for cross-border payments, with transaction costs significantly lower than traditional remittances. However, they currently exist mainly in a legal gray area in the United States, where existing companies lack sufficient regulation to truly grow within the traditional system, while traditional participants face excessive regulatory uncertainty and cannot utilize the encryption track. Click to read.

3. Vitalik's New Article: When Will Ethereum Rollup L2 Enter Phase 1 and Phase 2 Best

Entering stage 2 too quickly is also a mistake, especially if the work of entering stage 2 comes at the expense of strengthening the underlying proof system. Ideally, data providers like l2beat should demonstrate the audit and maturity indicators of the proof system while advancing the stages (preferably the audit and maturity indicators of the proof system implementation, rather than the audit and maturity indicators of the entire rollup, so that we can reuse them). Click to read.

4. Coingecko: How many cryptocurrencies have already disappeared?

More than 50% of cryptocurrencies have failed. Since 2021, out of nearly 7 million cryptocurrencies listed on GeckoTerminal, 3.7 million have stopped trading and are considered failures. Click to read.

5. Where Did the Altcoin Season Go? Decoding the Delayed Bull Market

For months, cryptocurrency traders have been anxiously refreshing price charts, anticipating the arrival of "altcoin season," when altcoins will surge significantly. However, despite bullish predictions and brief upward trends, altcoin season has yet to materialize. Bitcoin continues to dominate the market, leaving altcoin enthusiasts wondering: Why is altcoin season delayed? Will there still be an altcoin season? Click to read.

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