expansion

According to Cointelegraph, Edward Felten, co-founder of Offchain Labs, stated in his keynote speech at EthCC 2026 that Ethereum's layer two networks need to introduce a "dynamic pricing" mechanism to support billions of users and reduce fee fluctuations during network congestion.Felten pointed out that the current drastic fluctuations in Gas prices remain the main means of resisting network overload, but this volatility poses a significant barrier to mainstream users. He stated that a dynamic pricing mechanism could accommodate more transaction volume at lower Gas prices while avoiding infrastructure overload.In response, developer Julian Kors noted that the main drawback of dynamic pricing is its predictability, which is lower than that of EIP-1559. Cyprien Grau, head of the Status Network project, believes that while this model improves fee accuracy, it still does not address structural issues— as competition for scaling intensifies, layer two network Gas fees trend towards zero in the long term, and dynamic pricing is essentially still an income model built on continuously depreciating assets.

U.S. Senators Cynthia Lummis and Bill Cassidy introduced the "Mined in America Act," aimed at promoting the development of the cryptocurrency mining industry and codifying President Trump's executive order establishing a strategic Bitcoin reserve into law.The bill plans to strengthen the role of cryptocurrency mining in the U.S. economy while consolidating previous policy arrangements regarding the strategic Bitcoin reserve through legislation. This reserve is primarily composed of Bitcoin seized by the U.S. Treasury through law enforcement actions. The bill also requires the U.S. Department of Commerce to establish a voluntary certification system to regulate and manage mining pools and facilities.In addition, certified mining facilities must gradually reduce their reliance on mining equipment produced by companies associated with "foreign adversaries." The proponents state that this bill is one of the important measures to promote the U.S. as a global digital asset hub and aims to enhance the nation's strategic position in the cryptocurrency industry chain.

The chain abstract stablecoin system River announced its expansion to the Base network, having previously deployed on Ethereum and BNB Chain.River stated that Base is the platform with the strongest liquidity on Ethereum L2 and the highest on-chain activity. Its total value locked (TVL) in DeFi exceeds $4 billion, with a stablecoin market capitalization of $4.7 billion and nearly 500,000 daily active addresses. Currently, on-chain liquidity is mainly concentrated on Base. River's joining Base means that all Base users can natively hold, use River, and build on it.

Citibank stated that the restrictions on the stablecoin reward mechanism in the U.S. CLARITY Act draft may pose temporary resistance to Circle (CRCL), but will not shake its long-term investment logic.Analysts pointed out that this policy is more likely to affect the pace of scale expansion rather than pose a fundamental threat. The bill aims to limit stablecoin earnings similar to deposit interest, but allows incentive mechanisms related to transactions or payments. Since Circle itself does not directly pay earnings to USDC holders but distributes reserve earnings to partners like Coinbase, its core revenue model will not be directly impacted. Citibank believes that the reduction in rewards may weaken users' short-term motivation to hold USDC, thereby affecting circulation scale and secondary market liquidity, but the key indicators for stablecoin adoption still lie in transaction and payment volumes, rather than circulation volume itself. Previously, due to policy uncertainty, Circle's stock price once fell by about 20%. However, institutions including Bernstein believe that the market may have misinterpreted the policy impact, with regulatory focus on limiting platforms that distribute earnings to users (such as Coinbase), rather than Circle's reserve earnings model.

Gala Games officially announced that the GalaChain ecosystem expansion plan has officially launched. Its decentralized exchange (DEX) GalaSwap now supports the seamless integration of tokens from the Solana, TON, and Ethereum ecosystems into the GalaChain network.The official statement indicated that this move aims to achieve cross-ecosystem asset access and interoperability, further activating the community and enhancing the visibility of various project tokens.

After 10 banks including the six major state-owned banks, 12 commercial banks may connect to the central bank's digital renminbi system. It is reported that seven national joint-stock banks, including Shanghai Pudong Development Bank, Guangfa Bank, Huaxia Bank, Minsheng Bank, China CITIC Bank, China Everbright Bank, and Zhejiang Commercial Bank, as well as five local city commercial banks, including Jiangsu Bank, Beijing Bank, Ningbo Bank, Nanjing Bank, and Suzhou Bank, are expected to join. As of now, there are 10 banks operating the digital renminbi, including Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, Bank of Communications, Postal Savings Bank of China, China Merchants Bank, Industrial Bank, as well as WeBank and MYbank.

According to The Block, Animoca Brands announced an investment in the Avalanche blockchain native token AVAX and reached a strategic cooperation with Avalanche developer Ava Labs to jointly promote the development of the Avalanche ecosystem.A spokesperson for Animoca Brands declined to disclose the scale of the investment and other terms. In terms of cooperation, both parties will focus on deploying capital to Avalanche ecosystem projects, exploring product integration, and providing advisory support, with key areas including real-world asset (RWA) tokenization, entertainment, and digital identity. In terms of regional layout, the initial focus will be on Asia and the Middle East, with Animoca Brands stating that it has established regional infrastructure and institutional relationships in these two areas for commercial deployment of Avalanche ecosystem projects.

Ripple announced the expansion of its digital asset services in Brazil and plans to apply for a Virtual Asset Service Provider (VASP) license from the Central Bank of Brazil to incorporate into the country's cryptocurrency regulatory framework.Currently, several Brazilian institutions have connected to the Ripple network. Banco Genial processes same-day dollar transfers through this network; Braza Bank uses it for foreign exchange settlements and has issued a real-backed stablecoin on the XRP Ledger; fintech company Nomad utilizes the network for stablecoin settlements of fund flows between Brazil and the United States. Additionally, partners such as CRX and Justoken are issuing tokenized assets using Ripple's custody products, covering real-world assets like commodities.

According to Prnewswire, the cross-border payment infrastructure company Thunes announced the extension of stablecoin settlement capabilities to 11,500 banks worldwide by connecting to the Swift network, achieving interoperability between the traditional financial system and digital assets.Businesses and financial institutions can settle stablecoin payments directly to bank accounts connected to Swift through Thunes' network, without the need for additional off-chain conversion processes. This solution aims to reduce friction costs in cross-border payments and enhance settlement efficiency.

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."