expansion

Macro strategist Mark Connors stated that if the conflict between the United States and Iran continues for months, the increase in fiscal spending, debt expansion, and declining interest rates brought about by the war could create a favorable environment for Bitcoin.Connors pointed out that wars typically require financing through the issuance of more government bonds, which will increase the supply of dollars in the financial system, thereby weakening the value of existing currencies and benefiting non-dollar assets like Bitcoin. Since mid-2025, the annualized growth rate of U.S. federal debt has been about 14%, and if this trend continues, the debt size may continue to grow by about 15% year-on-year. He believes that this ongoing debt expansion is essentially a form of "monetary dilution," which has historically been beneficial for Bitcoin's performance. Since the U.S. first launched strikes against Iran, the price of Bitcoin has risen by about 3.6%. As U.S. government debt increases and relies more on short-term bond financing, policymakers may be more inclined to lower interest rates in the future to reduce interest burdens. In an environment of "declining interest rates + ongoing debt expansion," liquidity typically improves, which is precisely the macro backdrop in which Bitcoin has historically performed strongly.

Bitfinex reports that Bitcoin has experienced a consecutive five-month decline since 2025, marking the first occurrence of a "five consecutive down" structure since 2018, with a monthly drop of 14.93% in February and a maximum cumulative drawdown of approximately 52.34%. However, early signs of market recovery have emerged in March.Data shows that since March 1, approximately $3.2 billion in BTC has been systematically purchased at market price across exchanges, successfully reclaiming the $65,000 level; the Coinbase premium index has ended its continuous 40-day negative value and turned positive, indicating a return of U.S. spot buying. The derivatives structure also remains relatively healthy: open interest has risen to $53.1 billion, a 15.4% increase from Sunday’s close, but the perpetual funding rate is only about 9.5% APR, showing no signs of overheating. Open interest and spot have expanded in sync, reflecting that this round of increase is more driven by spot absorption.Regarding ETFs, the U.S. spot Bitcoin ETF recorded approximately $1.1 billion in net inflows last week, with a total of over $450 million on Monday and Tuesday, indicating that institutional demand remains a core support. Analysts believe that if key support holds, Bitcoin may recover to the $80,000-$85,000 range in the next 1-3 months; in the short term, attention should be paid to the $72,000-$74,000 area of concentrated short liquidations and the potential dynamic support at $66,000. The overall judgment remains cautiously bullish.

The Gate Research Institute recently released the report "Cryptocurrency Market Review for January 2026," which points out that in January, the market capitalization distribution of stablecoins on public chains remains highly concentrated. Ethereum accounts for more than half of the share, continuing its position as a core clearing and DeFi liquidity hub; Tron firmly holds second place, playing a key role as a high-frequency settlement channel in cross-chain payments and token transfers.In terms of macro assets, gold and silver prices have risen to historical highs, driving significant expansion in the tokenized commodity sector. The total market capitalization of related tokens has surpassed $5 billion, with an increase of over 35% in the past 30 days, and monthly on-chain transfer volume exceeding $13 billion, with gold-related tokens being the main growth driver. Meanwhile, the trading volume in prediction markets reached a new high of $12 billion in January, with total on-chain transaction fees exceeding $11 million. With the support of incentive mechanisms and short-cycle high-frequency contracts, trading activity and protocol revenue have both increased.On the capital side, the Web3 industry completed a total of 53 financing rounds in January, with a cumulative scale of approximately $1.82 billion, primarily flowing into blockchain services and CeFi-related sectors.In terms of security, Web3 risk events exhibit a "few large amounts, dispersed small amounts" loss structure. Contract vulnerabilities remain the primary source of risk, accounting for 34.5%; among them, Step Finance suffered a supply chain attack, resulting in asset losses of approximately $40 million, making it the largest security incident of the month.

The cryptocurrency research institution 10x Research published on the X platform, pointing out that the performance of cryptocurrency concept stocks has recently diverged. Among them, Circle (CRCL) has seen its stock price rise above the 7-day and 30-day moving averages, showing bullish signals technically, with an increase of about 3.6% over the past week.On the fundamental side, Circle has reached a strategic partnership with Polymarket, which will use native USDC as the main settlement asset, further expanding the use of USDC in the prediction market.At the institutional level, ARK Invest, led by Cathie Wood, increased its holdings of 218,000 shares of CRCL during the market correction, valued at approximately $13 million, indicating a rise in institutional confidence. Analysts believe that promoting digital dollar reserves under the framework of the GENIUS Act will lead to more direct inflows into the U.S. Treasury market, and under this trend, Circle may become a major beneficiary.

The mining company Bitdeer (BTDR) announced its plan to issue $300 million in principal amount of convertible senior notes due in 2032 through a private placement, and intends to grant initial purchasers an additional purchase option of up to $45 million.A portion of the net proceeds from this offering will be used to pay for capped option trading costs, as well as to repurchase some of the 5.25% convertible bonds due in 2029. The remaining funds will primarily be used for data center expansion, high-performance computing and AI cloud business expansion, ASIC miner research and manufacturing, as well as working capital and other general corporate purposes.

According to official news, the Ethereum Foundation has released the 2026 protocol priority update, which indicates that it will advance along three tracks: scalability (integrating L1 execution with Blob scaling), improving user experience (focusing on native account abstraction and cross-chain interoperability), and strengthening the L1 layer (enhancing security, censorship resistance, and network resilience).Moreover, the Ethereum Foundation stated that it will continue to push the Gas Limit to 100M and above, promote ePBS and further Blob parameter adjustments, advance the zkEVM attester client, as well as work on censorship resistance and post-quantum security; the next major upgrade, Glamsterdam, is targeted for the first half of 2026, with Hegotá planned for follow-up later in the year.

Circle's former BD head Sterling stated on X platform that he has joined Hyperliquid Labs and will be responsible for business development and partnership building.Sterling's initial focus will be on collaborating with developers globally to expand Hyperliquid's builder code integration ecosystem.

The robotics startup Axis Robotics announced that in an experiment codenamed "The Rose of the Little Prince," it mobilized 12,000 users worldwide to complete the crowdsourced collection of 10,000 high-quality trajectory data points within 5 days through its self-developed browser-based platform. This experiment demonstrated that robotic intelligence can be constructed outside of traditional, expensive laboratory environments, achieving data scale explosion through public participation.Leveraging the MetaSim architecture, Axis Robotics has created an end-to-end pipeline from task setup to real machine deployment, decoupling complex physical simulations from lightweight web interactions to ensure that the collected data has deep processing capabilities. The platform enhances data diversity through cross-simulation replay technology, replaying high-frequency physical data from MuJoCo in Isaac Sim and performing large-scale domain randomization.Currently, the official team has successfully achieved real machine reproduction on the Franka robotic arm based on this batch of data provided by ordinary internet users, validating the feasibility of this data collection model in industrial implementation.

According to Bitcoin.com, Jurrien Timmer, the Director of Global Macro at Fidelity, stated on the X platform that Bitcoin recently dropped to $60,000, reaching the support area predicted months ago, suggesting that the bear market bottom may have formed and a new expansion phase could begin.He pointed out that the drop to $60,000 is relatively shallow, and as Bitcoin matures, volatility will gradually decrease. He expects that after several months of consolidation, a new bull market cycle will start, potentially reaching new highs.Timmer included chart analyses indicating a correlation between Bitcoin prices and global money supply, with $60,000 serving as a technical support level. Another chart titled "The Maturity Path of Bitcoin" depicts its historical waves: from early $2 and $24 to breaking the $64,000 high, pointing towards a projected sixth wave area of $290,425. This model integrates curves and macro variables, outlining a long-term framework towards $1 million.He emphasized that if the cyclical patterns and adoption trends continue, Bitcoin is expected to progress along a structured maturity path after consolidating at $60,000.

According to official social media news, HTX DAO recently released its 2025 annual report.The report shows that the current total market capitalization of $HTX is approximately $1.74 billion, with over 870,000 holders by the end of 2025. In 2025, $HTX will burn a value of over $91 million, with the current cumulative burn amount close to 10% of the total supply.In terms of governance rights, HTX DAO launched HIP rules, the $HTX holding voting tool, and initiated the coin listing recommendation governance mechanism in 2025, achieving a breakthrough in decentralized governance from 0 to 1. In terms of revenue rights, $HTX is empowered through Huobi HTX's Launchpool product, enabling dual earnings from earning tokens and mining, distributing over 4.2 million USDT in token rewards and nearly 2.9 million USDT in mining rewards throughout the year. Additionally, HTX DAO held over 40 offline events throughout the year, covering several major cities globally, bringing it closer to community members around the world.HTX DAO stated, "Thank you to all community members, builders, and partners for your long-term support and participation. In 2026, HTX DAO will continue to focus on long-term value creation and promote further upgrades in ecology and governance capabilities."

At Consensus Hong Kong 2026, where institutional-grade RWA tokenization took center stage, Ongreen emerged with dual validation: strategic investment from Dubai-based BlueRock Capital Limited and high-level discussions between CEO Eric Ng and industry leaders. BlueRock Capital Limited, a DFSA-regulated venture capital firm, will provide potential staged funding with the first tranche of up to US$1 million, as well as strategic advisory support, regional market access, and partner networks for the launch of Ongreen's Oasis Journey ecosystem across MENA. OnGreen combines green tech and Web3 infrastructure to deliver: • Desertification control & green construction – Income-generating RWAs • AI-optimised carbon verification – Proprietary AI BIM turns recurring carbon credits into liquid, yield-bearing digital assets • Unified carbon credit registry – Immutable, institution-grade, setting a new global standard • Green asset exchange – Deep liquidity for tokenised environmental assets “Oasis Journey is production-ready infrastructure—land restoration, AI-verified carbon, on-chain registry. We are turning desert into a verified asset class,” said Eric Ng, CEO of Ongreen. Sher Ali, CEO of BlueRock Capital, added: “The Middle East’s US$186 billion green transformation meets global RWA tokenization. This is impact backed by code and capital.” With pilot projects accelerating in Saudi Arabia and the UAE, Ongreen is positioned as the bridge protocol between Asia's regulatory clarity and MENA's capital deployment.

During Consensus HK, Gate hosted a high-end networking reception and invited over a thousand industry guests to participate. Gate's founder and CEO Dr. Han stated in the keynote speech "What's the Next Big Thing in Crypto" that the acceleration of RWA and TradFi assets onto the blockchain is driving the integration of traditional finance and the crypto system from conceptual fusion to large-scale implementation, with multi-asset collaboration becoming an important engine for the next phase of industry expansion.In line with this trend, Gate continues to enhance its TradFi product offerings, covering various asset classes such as stocks, metals, forex, indices, and commodities. It supports trading of popular assets like gold, silver, Tesla, Nvidia, and Apple, with leverage up to 500 times, and has launched an industry-first adjustable leverage mechanism for gold, enhancing the flexibility of asset allocation.Data shows that Gate's total TradFi trading volume has surpassed $33 billion, with a single-day peak trading volume exceeding $6 billion, demonstrating the platform's significant advantages in multi-asset trading structure and liquidity integration. This also provides a verifiable scale sample for crypto trading platforms to accommodate traditional financial assets, further driving the industry towards a multi-asset and integrated direction.

The digital asset trading platform Gate released its transparency report for January 2026, disclosing its phased progress in multi-asset trading and platform structure. The data shows that Gate continues to expand its influence in the derivatives sector, with a market share of derivatives rising to 11%; the trading volume of perpetual contracts grew from $911.2 billion in the first quarter of 2025 to $2.42 trillion in the third quarter, maintaining a high level of $1.93 trillion in the fourth quarter. Meanwhile, Gate TradFi has covered metals, foreign exchange, indices, commodities, and some stocks, with trading volume exceeding $20 billion since its launch.In terms of products and infrastructure, Gate is simultaneously advancing intelligent and on-chain capability construction. GateAI launched in January, focusing on market analysis and asset interpretation, with a user satisfaction rate of approximately 88% in the first month. After the upgrade, Perp DEX's monthly trading volume exceeded $5.5 billion, and the number of on-chain addresses for Gate Layer surpassed 100 million. In asset management, the on-chain earning TVL reached $1.301 billion, and the ETH staking scale hit a record high. In January, the overall reserve coverage ratio increased to 125%, with major assets maintaining excess reserves.Overall, Gate is continuously solidifying its long-term development foundation as a comprehensive digital asset platform through multi-asset coverage, expansion of trading scale, and upgrades in technological capabilities.

The online trading giant IG Group has completed the acquisition of the cryptocurrency trading platform Independent Reserve, which has been approved by the Monetary Authority of Singapore. This acquisition marks IG Group's official commitment to expanding its presence in the digital asset space.Independent Reserve will be integrated into the IG Group system while maintaining the stability of existing services and compliant operations. IG plans to leverage Independent Reserve's cryptocurrency technology and operational experience to launch cryptocurrency trading products tailored for local markets in Singapore, Australia, and the UAE in the second half of 2026.IG Group stated that this acquisition will help it expand compliant digital asset services in a market where regulations are gradually becoming clearer; Independent Reserve believes that with IG's resources and regional network, it will accelerate the internationalization of its cryptocurrency products.

According to Jin Shi's report, the research report from China International Capital Corporation points out that it is difficult to shake the normalization of balance sheet expansion regardless of who is chosen as the Federal Reserve Chairman. Although the Federal Reserve began expanding its balance sheet last December, and there has been a marginal improvement in liquidity, narrow liquidity remains well below the lower limit of the "ample level," and the dollar liquidity indicators still show a relatively tight state since the pandemic.Under the pressures of debt and financial market stability, the trend of liquidity expansion is likely to be a high-probability event, and there is a possibility of a sustained global asset bull market.

According to The Block, driven by the expansion of its cryptocurrency business, SoFi Technologies, one of the largest online lending institutions in the United States, reported its first-ever quarterly revenue exceeding $1 billion in the fourth quarter, with a profit of $174 million.The company stated that it added 1 million new members in the fourth quarter, a record high, bringing the total membership to 13.7 million, a 35% increase compared to the same period last year.The San Francisco-based lending institution recently became the first nationally chartered bank to launch consumer cryptocurrency trading, and subsequently introduced the SoFiUSD stablecoin and blockchain-integrated remittance services in over 30 countries.

Jiuzi Holdings, a Bitcoin treasury company listed on NASDAQ, announced the signing of a strategic cooperation memorandum with Morgan International Finance Ltd, which intends to invest $90 million through equity investment.The specific investment structure, lock-up period, and other arrangements will be determined after further negotiations between the parties and the signing of legally binding final transaction documents. The new funds will be used to support Jiuzi Holdings in advancing blockchain and Web3 ecosystem expansion, as well as executing digital asset strategies.

According to The Block, Coinbase has expanded its prediction market business to all 50 states in the U.S. through a partnership with the CFTC-regulated prediction market platform Kalshi. Previously, this business was only in a limited pilot phase, and it is now fully rolled out, allowing users to trade on the outcomes of real-world events in politics, sports, entertainment, culture, and economic indicators.Coinbase users can manage their cryptocurrency, stock, and cash balances within the same interface, with a low entry threshold for prediction market contracts starting at $1 (supporting USD or USDC). This full launch coincides with a historic high in prediction market trading volume, with platforms like Polymarket and Kalshi reaching transaction volumes in the tens of billions of dollars.Coinbase aims to further transform into a "full-service exchange" covering stocks, derivatives, stablecoins, and tokenized assets by incorporating prediction markets into its product line. Previously, Coinbase also acquired The Clearing Company, founded by the former growth lead of Polymarket, to accelerate the scaling of this business.

According to Jinshi reports, the Federal Reserve FOMC statement upgraded its assessment of economic activity, stating that it is expanding at a "robust" pace.