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Background: Ethereum's Gas ModelIn the past three years, more than four billion dollars' worth of assets have been stolen due to on - chain vulnerabilities. These losses have become one of the biggest obstacles to the mainstream adoption of decentralized applications (DApps). The main reason is that the cost of implementing security measures for smart contracts on Ethereum is very high. While minimizing users' gas fees, Ethereum developers often face a difficult trade - off as they have to gi...

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The Security Advantages of Monad
Background: Ethereum's Gas ModelIn the past three years, more than four billion dollars' worth of assets have been stolen due to on - chain vulnerabilities. These losses have become one of the biggest obstacles to the mainstream adoption of decentralized applications (DApps). The main reason is that the cost of implementing security measures for smart contracts on Ethereum is very high. While minimizing users' gas fees, Ethereum developers often face a difficult trade - off as they have to gi...

How Are Young People Igniting a Meme Frenzy with $HOUSE to Revolt Against Soaring Housing Prices?
In 2025, the Solana ecosystem’s meme coin $HOUSEcoin has rapidly risen with its anti-property-ownership narrative, reaching a peak market cap of $80 million. The Meteoric Rise of $HOUSEcoin On April 27, 2025, the market capitalization of $HOUSEcoin (HOUSE) on Solana surged to $75 million, hitting an all-time high. Launched on March 25 via the Pump.fun platform, the project catapulted from obscurity to a crypto community sensation in just one month. Its official slogan, “Flipping the Housing M...

Rankings Updated! $100M-Valued Fogo Testnet Live! New Play Mechanism Announced, Soaring Popularity!
Recent Updates on FogoApril 7th: The Flames leaderboard went live!April 1st: Fogo's testnet was launched, revealing the Fogo Flames play mechanism.Light the Torch: At the end of each week, Flame allocations are calculated and granted. These allocations accumulate over time, contributing to users' total scores on the leaderboard. Complete tasks, stack flames, and become a contributor. Some actions are more valuable than others. The more you contribute, the higher you climb. Introduction to Fog...
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A week ago, stocks of companies including NVIDIA and AMD in the U.S. stock market began to decline in the overnight session due to DeepSeek-induced expectations of potentially reduced future demand for the artificial intelligence (AI) chip supply chain. Bitcoin, which has been closely following the trend of U.S. stocks recently, was also dragged down by this decline.
Further Decline Amid Tariff Announcements
Early this morning during the Asian trading session and the U.S. overnight session, Bitcoin continued its downward trend after a slight decline over the weekend. Perhaps influenced by the U.S. government's announcement on Saturday of imposing a 25% tariff on imports from Mexico and Canada and a 10% tariff on imports from China, Bitcoin fell close to $91,000 around 10:00 AM Hong Kong time.
Crypto Market Experiences Another "Black Monday"
While Bitcoin's decline this morning was not significant, most altcoins, including Ethereum, experienced cliff-like drops. Ethereum saw a maximum decline of about 40% in the past three days, falling to near $2,100 this morning. Numerous altcoins hit new lows since the bear market in 2022.
Turbulent Derivatives Market
According to Coinglass data, calculated from the lowest point at noon today, the liquidation amount in the crypto derivatives market exceeded $2 billion within 24 hours, affecting over 700,000 traders. This figure even surpassed the liquidation funds caused by market panic after the Bank of Japan unexpectedly raised interest rates last year, setting at least a two-year high for 24-hour liquidation amounts.
Market Capitalization Plummets
Excluding the top ten cryptocurrencies by market capitalization, the combined market capitalization of other cryptocurrencies fell to near $220 billion this morning, reaching levels last seen from August to October of last year, according to TradingView statistics.
"Final Drop" or "Start of Bear Market"?
In last Monday's analysis article, the author pointed out that after multiple unsuccessful attempts to break through the 106,000to107,000 range, we had reason to beware of short-term correction risks. Bitcoin quickly rebounded after falling near 98,000lastMondayandonceagainapproachedthe106,000 level, leading many investors to anticipate the annual "Chinese New Year red envelope rally."
However, just as Bitcoin rebounded to $70,000 in late July and early August last year before quickly falling back, multiple failed attempts to break through a certain high point can often lead to rapid declines.
Midweek last week, the Federal Reserve announced that it would maintain its current interest rates and removed the statement about making sustained progress in reducing inflation from its announcement, leading the market to expect that the Fed may not cut interest rates in the first half of the year. Upon the release of this news, risk asset markets rose instead of falling. This, to some extent, provides a good explanation for Monday's decline:
Many investors were puzzled by the sharp decline triggered by DeepSeek's emergence on Monday, believing that DeepSeek actually allows companies to use less computing power to train models, thereby contributing to the promotion and development of AI. In the long run, this is beneficial to NVIDIA's chip designers. However, capital markets are often not afraid of certain bad news but are more afraid of uncertain news. This was also one of the reasons for Bitcoin's quick recovery from its decline last week. The brief decline was due to uncertainty, while the subsequent reversal was more like "even bad news is predictable."
High Uncertainty in Market Outlook
However, this time, the author wants to remind that the subsequent policy path of the Federal Reserve and Donald Trump's radical strategies and their impact on the global economy have entered a state of great uncertainty. Originally, Trump's team announced that Trump would not initiate the process of raising tariffs in the early days of his term, but now the fact is that this strategy is expected to be implemented much earlier, and the impact of increased tariffs on the U.S. economy remains unknown, making the Federal Reserve's next moves unpredictable.
The unpredictability of two events that could potentially determine the direction of capital markets has made the market extremely fragile, and any subsequent disturbances may trigger market fluctuations beyond expectations. While the author still believes it is too early to conclusively determine whether the market is in a bull or bear trend, risk factors are rapidly accumulating in the short term. Even if numerous policies supporting the development of Web3 are proposed in the coming period and even if multiple U.S. states support government investment in Bitcoin in the short term, they may still not offset the impact of macroeconomic uncertainties.
Crypto Market Experiences Another "Black Monday" (Repeated for Emphasis)
Whether it's the gap-down opening of S&P 500 Index futures in Hong Kong this morning, the gap-up opening of the U.S. Dollar Index, or the recent record highs in gold prices, they all indicate that a significant amount of funds are seeking safe havens. While Crypto can bring excess returns, the flip side is huge losses that many people cannot bear. The author advises that in a market environment with excessively high uncertainty, it is best to observe more and act less.
A week ago, stocks of companies including NVIDIA and AMD in the U.S. stock market began to decline in the overnight session due to DeepSeek-induced expectations of potentially reduced future demand for the artificial intelligence (AI) chip supply chain. Bitcoin, which has been closely following the trend of U.S. stocks recently, was also dragged down by this decline.
Further Decline Amid Tariff Announcements
Early this morning during the Asian trading session and the U.S. overnight session, Bitcoin continued its downward trend after a slight decline over the weekend. Perhaps influenced by the U.S. government's announcement on Saturday of imposing a 25% tariff on imports from Mexico and Canada and a 10% tariff on imports from China, Bitcoin fell close to $91,000 around 10:00 AM Hong Kong time.
Crypto Market Experiences Another "Black Monday"
While Bitcoin's decline this morning was not significant, most altcoins, including Ethereum, experienced cliff-like drops. Ethereum saw a maximum decline of about 40% in the past three days, falling to near $2,100 this morning. Numerous altcoins hit new lows since the bear market in 2022.
Turbulent Derivatives Market
According to Coinglass data, calculated from the lowest point at noon today, the liquidation amount in the crypto derivatives market exceeded $2 billion within 24 hours, affecting over 700,000 traders. This figure even surpassed the liquidation funds caused by market panic after the Bank of Japan unexpectedly raised interest rates last year, setting at least a two-year high for 24-hour liquidation amounts.
Market Capitalization Plummets
Excluding the top ten cryptocurrencies by market capitalization, the combined market capitalization of other cryptocurrencies fell to near $220 billion this morning, reaching levels last seen from August to October of last year, according to TradingView statistics.
"Final Drop" or "Start of Bear Market"?
In last Monday's analysis article, the author pointed out that after multiple unsuccessful attempts to break through the 106,000to107,000 range, we had reason to beware of short-term correction risks. Bitcoin quickly rebounded after falling near 98,000lastMondayandonceagainapproachedthe106,000 level, leading many investors to anticipate the annual "Chinese New Year red envelope rally."
However, just as Bitcoin rebounded to $70,000 in late July and early August last year before quickly falling back, multiple failed attempts to break through a certain high point can often lead to rapid declines.
Midweek last week, the Federal Reserve announced that it would maintain its current interest rates and removed the statement about making sustained progress in reducing inflation from its announcement, leading the market to expect that the Fed may not cut interest rates in the first half of the year. Upon the release of this news, risk asset markets rose instead of falling. This, to some extent, provides a good explanation for Monday's decline:
Many investors were puzzled by the sharp decline triggered by DeepSeek's emergence on Monday, believing that DeepSeek actually allows companies to use less computing power to train models, thereby contributing to the promotion and development of AI. In the long run, this is beneficial to NVIDIA's chip designers. However, capital markets are often not afraid of certain bad news but are more afraid of uncertain news. This was also one of the reasons for Bitcoin's quick recovery from its decline last week. The brief decline was due to uncertainty, while the subsequent reversal was more like "even bad news is predictable."
High Uncertainty in Market Outlook
However, this time, the author wants to remind that the subsequent policy path of the Federal Reserve and Donald Trump's radical strategies and their impact on the global economy have entered a state of great uncertainty. Originally, Trump's team announced that Trump would not initiate the process of raising tariffs in the early days of his term, but now the fact is that this strategy is expected to be implemented much earlier, and the impact of increased tariffs on the U.S. economy remains unknown, making the Federal Reserve's next moves unpredictable.
The unpredictability of two events that could potentially determine the direction of capital markets has made the market extremely fragile, and any subsequent disturbances may trigger market fluctuations beyond expectations. While the author still believes it is too early to conclusively determine whether the market is in a bull or bear trend, risk factors are rapidly accumulating in the short term. Even if numerous policies supporting the development of Web3 are proposed in the coming period and even if multiple U.S. states support government investment in Bitcoin in the short term, they may still not offset the impact of macroeconomic uncertainties.
Crypto Market Experiences Another "Black Monday" (Repeated for Emphasis)
Whether it's the gap-down opening of S&P 500 Index futures in Hong Kong this morning, the gap-up opening of the U.S. Dollar Index, or the recent record highs in gold prices, they all indicate that a significant amount of funds are seeking safe havens. While Crypto can bring excess returns, the flip side is huge losses that many people cannot bear. The author advises that in a market environment with excessively high uncertainty, it is best to observe more and act less.
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