1. Galaxy: Panoramic Interpretation of Crypto Lending Market
Lending is a use case for cryptocurrencies that has found strong product-market fit both on-chain and off-chain, with the market size of the entire category exceeding $64 billion at its peak. The lending market also plays an important role in building a financial ecosystem based on digital assets, enabling users to obtain liquidity for their holdings to deploy in DeFi and trade on-chain and off-chain. Click to read
2. Bitwise: Bitcoin's extraordinary resilience
There is a noteworthy fact: Bitcoin has remained flat in price over the past month. As I write this memo on April 14, Bitcoin is trading at $84,379. A month ago, it was $84,317. This means a return of 0.07% in 30 days. Click to read
3.Vitalik: How are AI and encryption changing privacy?
Recently, I have been paying more and more attention to improving the privacy of the Ethereum ecosystem. Privacy is an important guarantee of decentralization: whoever holds information has power, so we need to avoid centralized control of information. In the real world, people's concerns about centralized technology infrastructure are sometimes about operators accidentally changing rules or removing user platforms, but it is also common to worry about data collection. While the cryptocurrency space originated with projects like Chaum’s Ecash that prioritized protecting digital financial privacy, it has more recently downplayed privacy for a very bad reason: before ZK-SNARK technology, we couldn’t provide privacy in a decentralized way, so we downplayed its importance and focused on other safeguards we could provide at the time. Click to read
4. The system is breaking down — and Bitcoin may be the only way out
Something deeper is breaking down — and it’s not something you can measure with sentiment surveys. It’s a breakdown in structural trust. The belief that someone somewhere is in control — whether it’s the Fed, the White House, or global trade alliances — is fading. Last week, Trump reignited the trade war by slapping a 145% tariff on Chinese goods. Markets are roiling. Recession alarms are ringing. And Bitcoin has quietly, almost defiantly, risen. Click to read
5. What makes the BTC price stagnant?
Since April 9, the BTC price has been consolidating in the range of around $3,000, and the 200-day moving average (SMA) trend line remains an insurmountable resistance. Click to read