ChainCatcher message, RootData will hold the "Cold Thoughts Behind the Bull Market Craze: Cyclical Characteristics, New Narratives, and Investment Strategies" X Space event tomorrow night at 20:00. Arthur Cheong, founder, CEO, and CIO of Defiance Capital, will attend the event to provide an in-depth analysis of the characteristics and trends of the current bull market. The event will focus on market cycles, sustainable investment narratives, and strategies to cope with market risks and opportunities.Stay tuned to RootData X Space to discuss with us: How long can this bull market last? What key indicators should investors pay attention to? Which narratives truly stand the test of time?

ChainCatcher news, Cinneamhain Ventures partner Adam Cochran posted on social media that the pace of venture capital investment in cryptocurrency has significantly slowed, with a subtle reason behind it. Most venture capital firms have limited partners (LPs), who are primarily interested in returns that exceed those of index funds. However, in the medium term, simply holding Bitcoin and Ethereum can "easily outperform" index funds in terms of risk-adjusted returns.This allows venture capitalists to take a wait-and-see approach towards Bitcoin and Ethereum, waiting for safer and more profitable opportunities, rather than taking on as much early risk in startups as they would in other industries. This is because there are no assets in other markets that provide holding yields like BTC or ETH.Adam Cochran stated that during the last crypto cycle (2020 to 2024), venture capital firms "seemed very active," hoping to get rich alongside participants by investing in applications that had "already exploded." However, several known narratives (NFTs, AMM forks, DeFi, L2s) have already reached their end, and it is currently unclear what the next steps should be.