Ethereum is facing technical upgrades and value challenges, with the ETH/BTC ratio hitting a new low. Bulls believe that Ethereum still has potential and infrastructure advantages, while bears remain cautious of oversupply and increasing competition. Investors need to make prudent decisions based on their individual risk preferences.

[Coin World] A certain project has posted on social media, stating that it has noticed significant fluctuations in its Token price and advises the community to remain rational and cautious when trading or providing Liquidity. The project further emphasizes its commitment to long-term development. To enhance transparency and build community trust, it will publicly disclose the official Address of a certain DEX LP to clarify that funds have not been withdrawn, allowing for public oversight and feedback. Additionally, the project promises to maintain Liquidity in the near future as part of its efforts to support the stability of its Token, ecosystem, and long-term rise.

Bitcoin is often referred to as "digital gold," but this label may be too conservative. The similarities between Bitcoin and gold lie in their scarcity and value storage functions, but its divisibility, convenience, and programmability give it advantages in certain aspects. Bitcoin is not only a digital version of gold but may also become an important infrastructure for the future digital economy, requiring a comprehensive understanding of its potential.

The potential airdrop opportunities in 2024 are mainly focused on the Solana, Cosmos, and Bitcoin ecosystems. Multiple projects such as Marginfi, Kamino, Celestia, and B² Network plan to conduct airdrops, and it is recommended to follow the staking strategies within these ecosystems to seize future airdrop opportunities.

SEC Chairman Gary Gensler takes a tough stance on the Crypto Assets industry
SEC Chairman Gary Gensler has held a skeptical attitude towards the Crypto Assets industry for years, but has now finally begun to take substantive action. This week, the head of the regulatory agency filed lawsuits against two industry giants.
During Gensler's tenure, he has repeatedly hinted that PoS tokens are securities, suggested that all Crypto Assets exchanges are illegal enterprises, and stated that all other Crypto Assets, except Bitcoin, meet the "investment contract" criteria of the Howey Test. The Howey Test is a standard used to determine whether a financial asset is a security.
Facing off against the world's largest Crypto Assets exchange and the largest publicly listed Crypto Assets company, Gensler seems to be well-prepared. A few months ago, the CEO of a certain exchange stated that the SEC was preparing to file a case, and if it initiated a lawsuit, the exchange would retaliate.
Gen

Ethereum Foundation Leadership Reshuffle: The Strategic Game between Idealism and Market Reality
In March 2025, the Ethereum Foundation announced significant personnel changes: Aya Miyagotchi stepped down as Executive Director to become Chair, Hsiao-Wei Wang and Tomasz Stańczak were appointed as Co-Executive Directors, and former researcher Danny Ryan joined Etherealize.
This reform is not just a personnel adjustment; it resembles a strategic game surrounding the future of Ethereum. For a long time, Aya has been promoting the idealized vision of building an "infinite garden." However, as competition intensifies and network issues become apparent, the community has begun to question its conservative strategy. The EF is attempting to strike a balance between ideal and reality by adjusting its leadership.
Dual Leadership: New Pattern of Rights and Responsibilities
Aya Term Review
Aya

This week, the crypto market experienced fluctuations and a decline. The Pump.Fun project to issue coin has sparked discussions, with increased market competition and decreased liquidity. The new president of South Korea is promoting policies on crypto ETFs and stablecoins, while Singapore is strengthening regulations to ban unlicensed overseas services. JPMorgan has begun accepting Bitcoin ETFs as collateral, indicating that crypto assets are gradually being recognized by mainstream finance.