Foresight News takes you through this week’s hot topics and recommended content:
01 Trump’s Crypto Footprint
"The whole family joins the battle, counting Trump's crypto footprints"
"Trump issues currency, an $80 billion "cryptocurrency open class""
"After Trump, who will be the next issuer of the "Presidential Coin"? "
"Solana Infrastructure Behind Trump Coin: Who is the Executor of the President's Coin Issuance?"
"Which protocols are worthwhile to deposit the money earned from Trump on Solana?"
02Michael Saylor's Crazy Bet on Bitcoin
"Wall Street Journal: He made billions of dollars by gambling on Bitcoin"
03 Ethereum’s “Midlife Crisis”
"With the wealth effect seriously lost, can Ethereum survive the "midlife crisis"? "
《Injecting 50,000 ETH! Ethereum Foundation’s first substantial participation in DeFi》
04 SEC in the New Era of Cryptocurrency
"a16z: In the new era of encryption, what should the SEC do?"
05 Current Status of Encryption in South Korea
The Great Crypto Exodus from South Korea: The Outflow of Capital, Enterprises, and Talent
06 Star Public Chain Base
Base's Seven Breakthroughs
07 Industry Insights
《Exclusive Interview with Solana Foundation Chairman Lily Liu: Building a Blockchain Ecosystem is Like Climbing the Tower of Babel》
"Oversold rebound, AI may usher in a new spring"
"How will the 2025 copycat season be different from four years ago?"
Banning CBDC, supporting the sovereignty of the US dollar, Trump signs the first crypto executive order
08 Project Observation
《A Quick Look at DeSyn: Reconstructing Cryptocurrency's "New Quality of Liquidity"》
"How can the beleaguered Ethereum Foundation save itself?"
《Indie.fun, the pump.fun of Web3 games?》
Exploring Nillion: A comprehensive research report from Messari
"The battle over public chain fees, will Solana achieve an astonishing 30-fold growth in 2024?"
01 Trump’s Crypto Footprint
Trump's power has caused a real impact in the crypto field, not only because of his high-profile support for crypto policies, but also because his family has been active in the field of cryptocurrency in recent years, from DeFi projects to personal tokens. His every move has attracted widespread attention and controversy in the market. Driven by the recent popularity of "Presidential Coin", the crypto field is also fluctuating due to such emotions. This article briefly analyzes the "Trump" ecosystem. Recommended articles:
" The whole family joins the battle, counting Trump's crypto footprints "
Trump has long been involved in the cryptocurrency field, and has undoubtedly left a significant impact on the market through his MEME coin, DeFi project WLFI and NFT plan. With his representative identity of politics and capital, he has attracted a lot of attention and influenced market dynamics. However, this involvement is not without controversy, raising questions about transparency, compliance and potential risks for investors. The collision and fusion of politics, celebrities and technology highlights the complex landscape of modern finance, and we are also looking forward to what kind of greater wave this "crypto president" can continue to bring to cryptocurrency.
US President Trump issued the official "Presidential Coin" TRUMP. In less than two days, the market value reached more than 80 billion US dollars. This event will undoubtedly become an important event recorded in history. For both crypto practitioners and bystanders, this "Trump coin issuance event" will also be a good opportunity to iterate and update the cognition of the crypto industry. Recommended articles:
" Trump issues currency, an $80 billion "cryptocurrency open class" "
Behind the US President Trump's issuance of meme coins, some trends have become more obvious: DEX is surpassing CEX and becoming the new encryption center; Solana is surpassing Ethereum and becoming the new king of public chains; meme is subverting the dilution of VC coins and advocating a fairer way of listing coins. Trump's issuance of coins is not a simple combination of politics and cryptocurrency. It has become an event that breaks the circle even more than Bitcoin breaking through $100,000. It has made a large number of people around him who don't understand cryptocurrency pay attention to this industry again.
After Trump released the presidential token TRUMP, a new track of "presidential coin issuance" was opened, and Meme coins were also given political colors. Will this crazy, global "money-making" performance art attract other presidents to follow suit? The presidents seem to have no reason to refuse. Recommended articles:
" After Trump, who will be the next issuer of the "Presidential Coin"? "
After soaring to $80 billion, the price of TRUMP fell back due to news such as the First Lady Coin, and was $6.9 billion as of the time of writing. Imagine if the presidential token really develops into a unique political token market in the future, then the large-scale adoption of cryptocurrencies will not be far away. The presidential token represents the most influential person in each country, who endorses and endorses cryptocurrencies.
Trump's launch of the official meme token TRUMP is the most topical and wealth-effecting event in Web3 recently. Looking back at this moment, it is obvious that it is not a hasty move that was completed in 10 minutes with pump.fun, but a long-planned collaborative action that secretly reached cooperation with multiple protocols and related projects on Solana in advance. Which Solana-related projects were selected in this ecological linkage? What highlights of them won the favor of the presidential team? Recommended articles:
" Solana Infrastructure Behind Trump Coin: Who is the Executor of the President's Coin Issuance? "
Jupiter officials once published an article on X: "By working closely with the Meteora team, we ensured the perfect launch of TRUMP, which is obviously one of the largest token launches in the history of encryption. TRUMP's launch uses the same LFG technology stack as JUP, including DLMM pool, ILM design and tight Jupiter integration." Jupiter co-founder meow quoted this text and said: "LFG token launch technology stack: meteora, jupiter, moonshot"
Trump's official meme coin TRUMP quickly passed the market value of 10 billion, and the wealth effect created also made countless people free. Want to lock in the SOL you earn and deposit it into the potential DeFi protocol to earn income instead of PVP? We have listed the options worth considering. Recommended articles:
" Which protocols are worthwhile to deposit the money earned from Trump on Solana? "
RateX is the first place winner of the Solana Renaissance hackathon. Within 2 months of its launch, its TVL exceeded 50 million US dollars, making it the fastest DEX to achieve this achievement. Currently, there is no coin issuance, but there is a points system. In addition, Fragmetric is a liquidity re-staking protocol on Solana. When participating, you also participate in Jito's re-staking. There is no coin issuance yet, but there is a points system. Meteora is a liquidity protocol on Solana, a product of Jupiter, and will launch a separate MET token. Providing liquidity can earn points.
02Michael Saylor's Crazy Bet on Bitcoin
MicroStrategy's stock price has risen about 690% in the past year. The 59-year-old executive chairman owns about 10% of the company, worth about $9.7 billion, and personally holds about $1.9 billion worth of Bitcoin. Enthusiasm for Saylor's company has been so intense that it has created a puzzling situation: MicroStrategy holds about $47 billion worth of Bitcoin, but its stock market value has reached $97 billion. It's like an investor paying $2 to buy a $1 bill. Recommended articles:
" Wall Street Journal: He made billions of dollars by gambling on Bitcoin "
Michael Saylor’s company didn’t launch any hit products or services. What he and MicroStrategy did was sell new shares and bonds at a pace rarely seen in corporate history, then plow all the money into Bitcoin, vowing to do it over and over again. Fans say the premium reflects their belief that Saylor can continue to profit from his bets on Bitcoin. They believe the scarcity of the 21 million bitcoins that will ever be available will increase their value. By issuing shares at a high price and selling bonds to the company on favorable terms, Saylor was able to create value for shareholders while expanding MicroStrategy’s Bitcoin reserves, said Richard Byworth, a partner at SYZ Capital who personally owns MicroStrategy shares.
03 Ethereum’s “Midlife Crisis”
While Trump is making great strides, the price of SOL has soared to $295, a record high. The market is turbulent, Bitcoin and SOL are both making great strides, but Ethereum, which ranks second in market value, has not risen for ten thousand years. What happened to ETH? Why has it fallen to such a point where everyone is scorning it? Recommended articles:
" With the wealth effect seriously lost, can Ethereum survive the "midlife crisis"? "
Ethereum is facing multiple challenges in the new cycle. Since March last year, it has remained around $3,000. In the much-anticipated Altcoin season, ETH's performance is really disappointing. As an L2 chain focusing on expansion, the cross-chain bridging of funds not only faces considerable problems in terms of security and timeliness, but also greatly reduces the user experience. Although each chain has its own advantages in technology, they all have the same goal, and users do not have a very obvious perception of the difference. The market's attitude towards DeFi and NFT has always been difficult to arouse interest, and Ethereum's turbocharger has stalled. Many contradictions have caused the price of ETH to fluctuate, and the community has begun to point the contradictions to Vitalik. Vitalik, who was once pulled down from the altar by everyone, has been accused and cursed, and the Ethereum Foundation under Vitalik's leadership has also become the target of public criticism.
Recently, many Ethereum community users and developers have turned to Solana. The Ethereum ecosystem is facing unprecedented difficulties. It seems that there is not much time left for Ethereum. Recommended articles:
《 Injecting 50,000 ETH! Ethereum Foundation’s first substantial participation in DeFi 》
Under the reverse urging and criticism of the community, the Ethereum Foundation and Vitalik Buterin seem to have finally realized the urgency of change. In recent days, they announced two major decisions: one is to allocate 50,000 ETH (about 150 million US dollars) to participate in the Ethereum DeFi ecosystem, and the other is to make major changes to the leadership structure for nearly a year. This article will deeply analyze the impact of the Ethereum Foundation's participation in DeFi from three aspects: background, significance and future prospects.
04 SEC in the New Era of Cryptocurrency
As technology continues to evolve, the U.S. Securities and Exchange Commission (SEC) must also keep pace. This is particularly true in the field of cryptocurrency. New leadership and the newly formed cryptocurrency task force provide the agency with an opportunity to take concrete action and make adaptive adjustments. Recommended articles:
" a16z: In the new era of encryption, what should the SEC do? "
This article proposes immediate and easy-to-implement adjustments that the SEC should take to develop appropriate regulatory rules without sacrificing support for innovation and investor protection. While legislation is necessary to clarify the classification of crypto assets and secondary market regulation, these measures will bring immediate benefits to the market.
05 Current Status of Encryption in South Korea
The inauguration of "crypto-friendly president" Trump and the establishment of the U.S. Securities and Exchange Commission (SEC) Crypto 2.0 TF will accelerate structural changes in the global Web3 market. This is a critical turning point. Talent, capital, and businesses are likely to migrate to countries with sound regulatory frameworks, while outflows from countries with regulatory uncertainty will intensify. Against this backdrop, it is critical to re-examine South Korea's Web3 industry. This report explores the flow of capital, businesses, and talent in South Korea's Web3 market, as well as the key challenges that the industry must address. Recommended articles:
The Great Crypto Exodus from South Korea: The Outflow of Capital, Enterprises, and Talent
South Korea has been marginalized in global Web3 development due to insufficient local innovation and regulatory uncertainty. This over-reliance on transaction volume rather than ecosystem building has led to a "Korea discount" in international markets. In 2025, with the new government taking office, major changes are expected to take place in the global industry. South Korea is at a critical crossroads in these changes. Positive initiatives include allowing cryptocurrency operators to open corporate accounts, developing stablecoin regulations, and advancing cryptocurrency legislation. However, these efforts only scratch the surface. To make progress, South Korea must address risks, analyze global policy shifts, and develop a regulatory framework that suits domestic conditions. South Korea must shift from a pure focus on transaction volume to building a sustainable innovation center characterized by excellent business and technological leadership.
06 Star Public Chain Base
Throughout the year of 2024, there are two blockchain ecosystems that stand out the most, one is Solana, and the other is Base. Although it was born less than a year and a half ago, Base has experienced seven breakthroughs and has become the strongest L2 of Ethereum. At two major time points in 2024 (the approval of the Bitcoin spot ETF and the election of Trump as the new president), it did not miss any opportunity to break through and expand the length and width of the encryption industry. Recommended reading:
Base was established less than a year and a half ago, but it has surpassed other established public chains time and time again, first Blast, OP, then Arbitrum, and now Solana. In this wave of AI Agent, Base has even shown a momentum to rival Solana. In these seven breakthroughs, Base has caught the massive influx of funds after the passage of the Bitcoin ETF in January 2024 and the flooding after Trump was elected as the new US president in November 2024. A number of tokens with a market value of more than 100 million US dollars have emerged, including Degen, Aero, Brett, Moonwell, Clanker, Virtual, AIXBT, Luna, etc., becoming the public chain with the most opportunities after Solana.
07 Industry Insights
At the beginning of 2025, Foresight News conducted an exclusive interview with Lily. In her opinion, the existing Solana ecosystem is not focused on a single type of application innovation such as Memecoin. Solana's ambition is to become a global emerging financial infrastructure. This also explains why the community flocked to the Solana ecosystem during the Memecoin craze. Faced with this "overwhelming traffic", Solana officials were unusually calm and restrained. Recommended articles:
Lily: Actually, we have several plans internally. We have a framework for blockchain growth, which is similar to a three-tier structure.
The most basic layer is the blockchain itself, which is the cornerstone of the entire ecosystem, just like a piece of land. Without blockchain, developers and users cannot carry out their work.
The second layer is the application layer, which requires a developer community to build applications. This is like having land and houses, and someone to develop and operate them in order to form an economic society.
The third layer is the "city" layer. To form a successful city like New York, Hong Kong, and Singapore, the ecosystem needs culture on the one hand and a special economic model on the other. In the process of development, on the one hand, we need to make more innovations in the blockchain network and continue to promote technology. For example, in terms of the underlying network, our goal is to increase bandwidth and reduce latency.
In the attention economy, hot money is pouring into hot spots. Trump is sucking blood, and AI tokens seem to be a product of the ancient times. On January 21, according to Coingecko market information, AI sector tokens rebounded from oversold prices, and the overall market value of AI agents rebounded by 4.9% in the past 24 hours. AI is expected to pick up, and this article will take you to a quick look at the market trends of the AI sector. Recommended articles:
" Oversold rebound, AI may usher in a new spring "
The AI era seems to be coming. Nvidia CEO once said: "The era of AI Agentics has arrived," and said that this emerging field contains "trillions of dollars of business opportunities." eGirl Capital members believe that "AI tokens will become a new type of meme." It is estimated that if Web3 AI agents can capture a market share similar to the Bitcoin/gold ratio, it will capture a market value of $100 billion, and there is still room for ten times growth from the current 10 billion. From this perspective, the emerging AI sector still has a lot of room for development.
There are some new changes in this round of crypto cycle, and there have been several small-scale Altcoin rallies, during which most cryptocurrencies, including old coins in the old cycle, have seen significant price increases. It seems that everyone is looking forward to a large-scale Altcoin rally like in 2021 (which happened twice in 2021). However, it is not 2021 now. Compared with four years ago, there may be nearly 1,000 new Altcoin with larger scale and certain development plans. Recommended articles:
" How will the 2025 copycat season be different from four years ago? "
If you are a trader who is willing to participate in both centralized exchanges and on-chain trading, this new market state should not worry you too much. As long as there is volatility, there will always be opportunities. My advice is to stop thinking that long is your only option. When you feel uncertain, you can also hedge, earn funding rates, short, and even do cross-trading.
Today, US President Trump officially signed the "Enhancing US Leadership in Digital Financial Technology" crypto executive order. This executive action not only marks the US government's attention to the digital asset industry, but also provides a clear policy framework for its future development. What are the core contents of the executive order? What are the potential impacts? Recommended articles:
1. Protect encryption rights (development and deployment of related software, self-hosting, trading, mining);
2. Ban CBDC;
3. Protect the sovereignty of the US dollar and support stablecoins backed by the US dollar;
4. A new regulatory framework will be introduced after 180 days to regulate the issuance and operation of digital assets and evaluate the possibility of establishing and maintaining a national digital asset reserve (the reserve may come from cryptocurrencies legally seized by the federal government through its law enforcement work).
5. All institutions must review existing rules affecting the digital asset industry within 30 days and submit a report within 60 days on whether existing regulations or guidance should be revoked or modified.
08 Project Observation
DeSyn Protocol is committed to redefining the liquidity landscape of the crypto world through innovative liquidity solutions. DeSyn recognizes that liquidity is the most fundamental and critical part of the DeFi ecosystem, so it focuses on building an efficient, secure, and decentralized liquidity network to solve the current problems of fragmented liquidity and low utilization in the DeFi market. Previously, it was established in 2021 and received financing led by SNZ, Distributed Capital, and EVG. Recommended articles:
《 A Quick Look at DeSyn: Reconstructing Cryptocurrency’s “New Quality of Liquidity” 》
At DeSyn, security is the cornerstone of everything we do. Based on this, DeSyn built the SDT model and built the basic framework of the encrypted asset management business based on the technology of smart contracts. It can be summarized into three parts:
On-chain self-custody: Separate the authority of asset holders and strategy managers, and implement self-custody functions on both sides
Decentralized strategy pool management: Implement strategy cycles in smart contracts while being open and transparent
On-chain transactions/strategies: Only interact with on-chain assets and ensure that all operations are within the scope of strategy settings.
The Ethereum Foundation is a paradox. Despite its commitment to decentralization, it operates like a centralized entity, with a chairman, a treasury, paid developers, and an inner circle. While this structure is necessary for coordination, it conflicts with Ethereum's decentralized philosophy. The previous head, Ming, was ousted by a group of people whose identities were never made public and who were not held accountable for the incident. I spoke to Ming a few days before she was fired, and she revealed that she had no plans to leave. Recommended articles:
" How can the beleaguered Ethereum Foundation save itself? "
The next phase of Ethereum requires more than technical research and coordination. It requires a visionary leader who understands not only the technology but also its broader social, philosophical, and political implications. Transparency is also critical. Over the past few years, the Foundation has gradually retreated into the background, which has left the community feeling disconnected. But Ethereum will be nothing without the community, and without the community, Ethereum will be nothing. From a legal perspective, Ethereum must seize the opportunity to engage with lawmakers. The current political environment in the United States is particularly favorable, and if it does not act now, it may lose its development advantage.
Last week, Solana’s Official Twitter mentioned a community-centric Solana game fundraising platform, Indie.fun. Immediately, the platform quickly attracted the attention of the community, and was even compared by some users to the pump.fun of the Web3 gaming industry. So, what exactly is Indie.fun? What role do the Web3 native game engine Moddio and AI agent tool Fullmetal behind it play? Recommended articles:
《 Indie.fun, the pump.fun of Web3 games? 》
Moddio is building a complete Web3 gaming ecosystem through the fundraising platform Indie.fun, the Web3 game engine, the AI agent deployment and hosting tool Fullmetal, and even the AI-driven virtual experience Powpow.fun. Currently, there are more than 30 projects on the Indie.fun platform, about half of which have completed fundraising activities. Except for BNTY (market value of US$30 million), the market value of tokens of other projects that have completed fundraising is mostly between US$1,000 and US$400,000. Projects that have not yet completed fundraising are also generally lacking in popularity and have received less market attention.
Nillion, an innovative network founded in 2021, aims to process private data in a distributed system while ensuring both security and efficiency. Thanks to the support of application frameworks such as nilVM, nilDB, nilAI and nilChain, Nillion equips developers with powerful tools to easily build privacy-preserving applications across multiple fields such as AI, DeFi and data storage. Recommended articles:
Exploring Nillion: A comprehensive research report from Messari
Nillion is a decentralized infrastructure designed to handle high-value and privacy-sensitive data in a variety of applications, from AI agents to private DeFi. By combining advanced privacy-enhancing technologies (PETs) such as multi-party computation (MPC), fully homomorphic encryption (FHE), and trusted execution environments (TEE), Nillion expands the usability of decentralized networks and the possibilities of decentralized applications. Nillion's architecture—coordination layer and Petnet—supports scalability through clustering while ensuring data confidentiality and decentralized trust.
Protocol fee income is still one of the important data indicators to measure the activity, value capture and ecosystem of a chain. Recently, Coingecko announced the TOP10 rankings of L1 and L2 protocol fee income in 2024. Ethereum and Tron ranked first and second respectively with over 2 billion US dollars. This data is equivalent to Ethereum earning an average of 6.79 million US dollars per day, while Tron earns 5.89 million US dollars per day. Solana's fee income reached 700 million US dollars. The once popular TON is no longer popular and only earned 35 million US dollars in revenue last year. BNB Chain performed mediocrely, earning only nearly 200 million US dollars in revenue. Bitcoin fee income reached 920 million US dollars. Recommended articles:
" The battle over public chain fees, will Solana achieve an astonishing 30-fold growth in 2024? "
When we look back at the fee income of each year last year, it is not difficult to find that the chains with greater growth and better performance often "take advantage of the trend" and seize their own opportunities. The silence of L2, DeFi and NFT did not give Ethereum a chance to take off strongly, but the two biggest crazes of memes and AI concept coins gave Solana a godsend opportunity to shine in this cycle, and Tron benefited from the influx of stablecoin funds and its income increased significantly.
