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Bitcoin and Ethereum have different attributes in the Crypto Assets space. Bitcoin is regarded as digital gold, while Ethereum focuses more on applications. However, with the rise of Decentralized Finance, ERC-20 Tokens pegged to Bitcoin have rapidly increased, particularly wBTC which holds a significant share. Although its rise is driven by lending projects and Liquidity Mining, it also faces challenges related to scalability and centralization, and its future development remains to be observed.

Solving the Ethereum Fragmentation Problem: The Prospects of Open Intents Framework and ERC-7683 1. The Liquidity Fragmentation Challenge Facing Ethereum With the rise of Layer 2 solutions and various DeFi projects, the Ethereum ecosystem is facing an increasingly serious problem of liquidity fragmentation. This issue is mainly reflected in the fact that the liquidity of assets within the ecosystem is dispersed across multiple Layer 1 and Layer 2 networks, forming relatively independent "small circles". Different Layer 2 networks compete for the total value locked (TVL), resulting in assets and transactions being scattered across numerous decentralized platforms and protocols. However, there is a lack of effective connections and interoperability between these platforms, causing the liquidity on each chain to operate only within its own closed system, further exacerbating the overall fragmentation cost issue of Ethereum. Expected in 2024

DEX has experienced rapid growth since 2020 and has now become an important pillar of Decentralized Finance. Market analysis shows that leading DEXs account for a large portion of the volume, cross-chain trading demand is on the rise, and the combination of AMM and NFT has become a new trend, with stablecoins and derivation having huge potential. Although the market is currently sluggish, future development is still worth following.

Digital assets demonstrate resilience in turbulent times. In June 2025, the global financial markets are undergoing an unprecedented stress test. Ukrainian drones have destroyed a large number of nuclear bombers, raising concerns about nuclear proliferation; China-U.S. trade frictions are heating up again; and the situation in the Middle East is tense. In this complex scenario, the price of traditional safe-haven asset gold is nearing its historical high of $3,450 per ounce, while Bitcoin is showing surprising stability around the $105,000 mark. This performance, which is "decoupled" from geopolitical risks, reflects profound changes in the underlying logic of the cryptocurrency market. 1. The transmission mechanism of the impact of geopolitical conflicts has weakened. 1. The "buffering effect" of conflict impact After a certain country launched an airstrike on Iran's nuclear facilities on June 13, Bitcoin fell by 2% within just 2 hours but quickly stabilized, which stands in stark contrast to the 10% drop in a single day during the Russia-Ukraine conflict in 2022. The improvement in resilience comes from the market.

The MRC20 $MOVE smart inscription in the Move ecosystem will be issued in January 2024. With its low cost, high efficiency, strong security, and diverse gameplay, it has quickly attracted a large number of users, demonstrating enormous market potential. This innovation may inject new vitality into the Move ecosystem.