Circle listed on the New York Stock Exchange, and USDC's closing price surged by 168.48% on its first day, with a market capitalization exceeding 18.5 billion USD. The market capitalization of stablecoins has surpassed 250 billion USD. This event has led to broader recognition of stablecoins, promoting the advancement of regulatory measures, and it could become a trillion-dollar market in the next 3-5 years, bringing opportunities for investors and entrepreneurs.

Pi Network is a mobile-based crypto asset that allows low-threshold users to participate in Mining. After six years of development, the project has finally launched its Mainnet, but the actual number of active users and demand is relatively low. In the future, the valuation of Pi coin will be influenced by the supply-demand relationship and community support. In the short term, price Fluctuation may be significant, and investment requires careful attention to market dynamics.

The NS Token of SuiNS is the core asset of its ecosystem, granting holders governance rights and discounts on domain purchases, thus promoting community participation. It is scheduled for release on November 14, encouraging participation in future decisions of Decentralization and the protocol, while also developing new features to enhance the value of its Web3 identification services.

Tariff Policy and the Global Economy: Historical Lessons and Current Challenges
The damage caused to the world economy by the Smoot-Hawley Tariff Act of 1930 is still vividly remembered today. This bill, which was justified in the name of "protecting domestic industries," ultimately led to a sharp decline in global trade and exacerbated the effects of the Great Depression. Nearly a century later, the shadow of trade protectionism still looms.
In April 2025, the United States announced a 125% tariff on Chinese goods, causing global markets to enter a state of tension once again. The Chinese Ministry of Commerce immediately stated that if the US side continues to "play with tariff numbers," the Chinese side will "ignore it" and reserves the right to take further countermeasures. Meanwhile, the US government proposed a "90-day tariff suspension" to 75 countries, reducing the general tariff rate to 10%, but excluding China, Mexico, and Canada. This targeted trade strategy not only increases the risk of decoupling between the Chinese and American economies, but also

Recent dynamics in the DeFi market include the continued decoupling of sUSD, challenges to the veCAKE governance mechanism, growth in RWA business, and the repeal of the cryptocurrency broker bill in the United States. Uniswap and Euler have made progress in liquidity incentives and scaling, while the launch of Cosmos IBC Eureka promotes cross-chain development. Overall, the market needs to follow the stability of governance mechanisms and token demand.

The crypto market has recently experienced increased volatility, especially on the eve of "Super Wednesday", with Bitcoin briefly nearing $70,000 before falling to the $66,000 range, triggering over $250 million in liquidations. Despite short-term pressure, many fundamental indicators are still performing well, and some institutions believe there are investment opportunities in the future. Following Fed policies and ETF developments will become key for the market.

A well-known GameFi platform has launched a large-scale giveaway worth 5 million USD, with an expected user base surpassing 1 million. The platform attracts traditional gamers by building a sustainable development model through innovative rewards mechanisms and a user-driven ecosystem, winning user trust and increasing participation. At the same time, the platform's Token supports trading on multiple exchanges, providing users with convenient participation channels.

The crypto market is experiencing a revival, driven by low inflation data from the United States. The market bottom may have formed, with a focus on Ethereum, Solana, and memes. A positive market trend is expected in the coming month, and new investment opportunities are anticipated.

The Aptos Blockchain is redefining on-chain payments with its low latency and low cost features. The combination of stablecoins with Aptos accelerates the flow of funds, promotes practical applications such as cross-border transfers and instant salary distribution, and brings revolutionary changes to the global financial market.

In 2024, during the development process of virtual assets in Hong Kong, several measures were successively introduced, including the approval of the first batch of virtual asset Spot ETFs, the ongoing advancement of license applications, and the release of new trends in the stablecoin market, demonstrating Hong Kong's regulatory upgrades and increased market activity in the field of virtual assets. Among them, the Legislative Council discussed the stablecoin regulatory draft for the first time, marking a further strengthening of Hong Kong's standardized management of virtual assets.

The current Crypto Assets market shows strong momentum, with optimistic technical indicators, increasing global Liquidity, and a stable macro environment, as institutional funds continue to flow in. Investors should follow the trend and seize the rare investment opportunities available now. Although the market outlook is positive, rationality and caution should not be overlooked.