Web3 Weekly Report: Fluctuation in the crypto market attracts follow, new projects emerge frequently

This week, the crypto market experienced significant fluctuations, with several new projects and events triggering widespread discussion in the industry.

Market Dynamics

Bitcoin and major cryptocurrency indices have recently both fallen below the 200-day moving average, signaling that the market may be entering a bear market. The market is expected to stabilize in the latter half of the second quarter of 2025 and experience a rebound in the third quarter.

A monthly outlook report from a trading platform indicates that a new round of "crypto winter" may be approaching. The report predicts a market rebound in the second half of the year.

At the same time, gold prices continue to hit new highs. Some analysts believe that when Bitcoin encounters a "value winter", physical gold is reshaping its value on the blockchain.

New Project Trends

Recently, multiple new projects have attracted attention:

• Open Ledger: A blockchain network of the dedicated AI language model SLM, utilizing blockchain technology to solve problems such as AI data extraction and rights confirmation.

• Protocol standards such as MCP, A2A, and UnifAI are forming a new generation of Multi-AI Agent interaction infrastructure.

• Axiom: Emerging trading protocol, attracting investors' follow.

• Alkanes: A new asset protocol in the Bitcoin ecosystem, the first token increased by more than 10 times.

Regulation and Policy

The U.S. Securities and Exchange Commission has launched the "Guidelines for the Issuance and Registration of Securities for Crypto Assets," providing compliance references for Token issuance.

Federal Reserve Chairman Powell stated that future rules related to banks and encryption may be "loosened".

Industry Events

A MEME coin project created by a trading platform once went out of control, but then the price unexpectedly performed a V-shaped reversal.

The OM token experienced a sharp drop of 95% after a surge of 300 times, causing a stir in the market. The incident involves multiple disputes behind it.

ZKsync confirmed that the private key of the airdrop contract administrator was leaked, and about 5 million dollars worth of ZK was stolen.

Overall, this week the crypto market experienced significant Fluctuation, with new projects emerging frequently and regulatory policies becoming clearer, warranting ongoing follow of subsequent developments.