ForesightNews

> Be prepared, the next 9-12 months may all be a Bear Market.

Article: The Defi Report
Translation: Odaily Planet Daily Golem

Editor's note: On March 12, 2025, a sunny day, nothing happened in the crypto market. The elderly who experienced the big drop in the cryptocurrency market on March 12, 2020, every year would recall the days dominated by 'fear' and hope that this day could pass calmly. However, calmness may not always be a good thing. Looking at the longer timeline, despite the frequent verbal support from the Trump administration for the crypto industry, in February, Bitcoin fell by 17.67%, reaching a low of $78,258. As we enter March, the situation has not improved, with Bitcoin still hovering around $80,000.

So, what's really scary is 202

> A brief discussion on the current situation and possible future directions of the Web3 ecosystem in Hong Kong.

Author: Liu Honglin

Recently, Wu conducted an in-depth interview with Mr. Leung Hon-king of the Hong Kong Investment Promotion Agency, discussing Hong Kong's development direction in the fields of Web3 and cryptocurrency ('Wu Dialogue with the Hong Kong Investment Promotion Agency: Hong Kong Naturally Possesses Advantages for Developing Web3 and Cryptocurrency'). From policy support to market feedback, to capital flow and attempts at tokenizing Real World Assets (RWA), it systematically showcases Hong Kong's layout in this emerging field.

As a lawyer who has been paying attention to the Web3 industry for a long time, Lawyer Honglin is often asked: "Can Hong Kong really become the global center of Web3?" The answer to this question is not simple, as it involves not only policy environment and market attractiveness, but also capital flows, regulatory frameworks, talent reserves

> The market is cold, the players are disheartened, and AC is back with his new project.

Author: Scof, ChainCatcher

On March 10, Sonic Labs, Yearn Finance, and Keep3rV1 founder Andre Cronje updated his personal social platform profile to include the title of 'flyingtulip founder'.


As a competitor to Hyperliquid, FlyingTulip has attracted much attention as soon as it was launched. It adopts an Adaptive Curve AMM, offering lower funding rates, better loan-to-value ratios, and higher LP returns, and relies on SonicLabs to achieve higher TPS.

Andre

gate Unified account is an innovation in the management of digital assets, solving problems such as scattered funds, inefficient management, and missed trades. By integrating multiple trading functions and cross-currency margin pools into one account, users can enjoy efficient capital utilization and risk Hedging. This innovative model improves trading efficiency and brings Digital Currency Trading into a new era centered on users.

The biggest problem in the encryption field is not talent or capital, but the lack of first-principles thinking, leading to the industry being deeply trapped in short-termism, extractive culture, and low integrity cycle.

Original Title: "First Principles - Compounders, L1s, IR, Buybacks"
Authored by: 0xkyle\_\_, member of DeFiance Capital
Compilation: ChatGPT

Editor's note: The author believes that the biggest problem in the encryption field is not talent or capital, but the lack of first-principles thinking, leading the industry into a cycle of short-termism, extractive culture, and low trust. The author analyzed the reasons why compounding is difficult to achieve, proposed the need to promote long-term thinking from the top, focus on building revenue-generating products, and criticized the general

The Nillion project innovatively designed an Airdrop matrix, focusing on rewarding community value, developer contributions, and participation in the validators program. They refuse to reward the freeloader and adhere to the principle of rewarding actual contributions. By rewarding framework and excluding boundaries, they ensure that rewards are allocated to long-term supporters. This innovative approach will become a recognized benchmark for the encryption project community and strive to establish new standards. Please wait for the official announcement from Nillion to avoid being misled by unofficial information.

> The days of easy, cyclical AltCoin pump may be replaced by an ecosystem where capital efficiency, structured financial products, and regulatory transparency determine the flow of funds.

Author: Bryan Daugherty
Compile: Block unicorn

Bitcoin exchange-traded products (ETFs) may fundamentally change the concept of the 'Altcoin season' in the crypto market.

Over the years, the crypto market has followed a familiar rhythm, with fund rotation almost predictable. Bitcoin surges, attracting mainstream attention and liquidity, followed by capital flowing into AltCoins. Speculative capital pours into low market cap assets, driving up their value, enthusiastically referred to by traders as the 'AltCoin season'.

However, what was once considered a given cycle is showing signs of structural collapse.

Spot Bitcoin Exchange Traded Fund

> The darkness is about to end, from the perspectives of [debt restructuring and tariffs, recession and interest rate cuts, risk assets or safe-haven assets, market participants], let's talk about the market trend in 2025.

Author: SANYUAN Labs

The darkness is about to end, from the four perspectives of [debt restructuring and tariffs, recession and interest rate cuts, risk assets or safe-haven assets, market participants], let's talk about my views on the market trend in 2025.

BTC tests the support at 77000, Ethereum falls below the support at 2000, more than 2 billion ETH on makerDAO are on the brink of liquidation, ETF outflows, troubles never come singly, and the upgrade of Pectra on the testnet is also hacked. The market is debating whether it's a bear market trap or a bull market trap, and more and more people are looking bearish in the future. The Nasdaq fell by 4% in a single day in this wave.

Article summary: Liquidity comes from frequent trading at Address and generates high profits (5950 BNB), while public funds show stable performance. Analysis shows frequent operation of Liquidity pool, stable public fund pool, initial profits concentrated in a few Addresses, and frequent trading of Liquidity sources. Public funds did not participate in the transactions and need further monitoring. Overall performance requires a more in-depth review.