Industry Reports

Decentralized AI faces survival opportunities in response to human dilemmas in artificial intelligence. The combination of crypto and AI can solve centralization issues and offer advantages such as neutrality, privacy protection, and trust verification. In the future, crypto AI is expected to rise, creating a safer technological ecosystem.

Circle's stock surged 15% after reporting strong growth in USDC, with supply rising 72% and revenue increasing 77%. Clearer U.S. regulations boosted investor confidence, reinforcing Circle's position in the digital asset market.

Ethereum developers tend to bypass the EVM and adopt precompiled contracts for new cryptographic operations. Vitalik Buterin proposed enhancing Ethereum's versatility by changing the state tree and virtual machine, suggesting replacing the current state tree with a binary tree and using the RISC-V architecture instead of the EVM in the long term. However, the Arbitrum team opposed this, arguing that WASM should be used as the contract delivery format. This proposal reflects Ethereum's re-evaluation of its core capabilities, and future changes will still require broad consensus.

MARA's annual report shows that in 2025, it made a profit of $32.1 million by borrowing 9,377 BTC, but due to a decline in the coin's price, the borrowed portion incurred a loss of $86.3 million. By the end of the year, MARA held 53,822 BTC, with a fair value decrease of $301 million. In 2026, policy relaxes, allowing the sale of BTC on the balance sheet.

A recent idea that was brought into the limelight by Vitalik Buterin is that of vibe coding. This model is based on AI to write code based on prompted intuition. The developers do not write complicated logic manually; instead, they provide direction to AI. The system also generates working code

Ethereum co-founder Vitalik Buterin proposed the Big FOCIL plan, aimed at addressing the centralization of block builders, enhancing censorship resistance, and promoting distributed participation. The plan improves transaction fairness, prevents malicious reordering through a proposer-builder separation mechanism and an extended forward mandatory commitment list, and discusses network anonymization schemes to protect user transactions. Developers will continue to review this proposal to improve Ethereum's decentralization, security, and user experience.

Ethereum is advancing decentralization upgrade plans, proposing technologies such as the ePBS mechanism, FOCIL, and encrypted mempool, aiming to alleviate MEV centralization issues and improve fairness and transparency in block production. These reforms address the challenges brought by blockchain scalability expansion and may impact network security, decentralization, and long-term value logic.

Darkfost on X platform stated that 38% of altcoins are approaching historical lows, and the overall market environment is unfavorable for risk-taking investments. Liquidity is fragile, and investor interest in altcoins is waning, although potential opportunities are beginning to emerge amid worsening conditions.

The Bank of Japan is exploring the integration of blockchain into its settlement system and has launched experimental projects to test the operation of central bank reserves on the blockchain. This move aims to improve the efficiency of interbank clearing and securities settlement while keeping pace with global financial technology innovations. The bank is also advancing pilot programs for central bank digital currencies and refining digital asset policies to promote the integration of blockchain with traditional finance.

Local-currency stablecoins on Polygon have shot up as JPYC and BBRL power payments, wallets, lending, and faster regional settlements. Brazilian bank Grupo Braza introduced BBRL stablecoin to improve liquidity and enhance payment efficiency in forex payments. Polygon has recorded rising

Bitcoin demonstrates unique safe-haven value during geopolitical conflicts and financial crises. Its long-term low correlation with traditional assets allows it to rebound quickly and achieve positive returns. Despite high volatility and regulatory uncertainties, moderate allocation can effectively diversify risk and enhance portfolio returns.

Web3 Asset Data Platform RootData posted a transparency alert on Twitter, pointing out that several exchanges lack information about project teams, key events, and other details. It calls on project teams to submit information to improve transparency scores, which range from A to F, with lower scores indicating incomplete information disclosure.

OpenZeppelin conducted an audit of EVMbench and found that the training data was contaminated, and at least four high-risk vulnerabilities are invalid forgeries. This affects the AI model's security assessment capabilities. If the AI has previously "seen" vulnerability reports, it will not accurately reflect its ability to discover new vulnerabilities. This highlights issues with the credibility of benchmark test data and methodologies.

The on-chain real-world asset market on Ethereum has surpassed $15 billion, accounting for 58% of the global market, primarily driven by tokenized gold. The tokenized gold market exceeds $4 billion, with XAUT and PAXG being the two main products, gradually competing with mainstream crypto derivatives.

Tether's new stablecoin USAT has been attested by Deloitte, marking a new trend in the regulation of the crypto market. The attestation confirms that USAT's reserve assets amount to $17.6 million to support the 17.5 million USAT in circulation. This move demonstrates the acceptance of digital assets within a regulatory framework and also reflects the impact of new regulations in the United States, promoting transparency and compliance in the stablecoin industry.

Written by: Lulu At the start of 2026, the Hong Kong Securities and Futures Commission (SFC) made a series of major moves in the compliant digital asset space, directly reshaping the industry landscape of RWA (Real-World Asset Tokenization). On February 23, the SFC announced that it had granted a license to Esperanza Securities, a subsidiary of Yisheng Financial Technology, on February 13, allowing them to conduct compliant tokenized securities business for entertainment assets—such as the 40th anniversary Red Pavilion concert of Huang Kaichen, and offline entertainment assets like the Korean boy band Malaysia tour—officially bringing these into the regulated digital securities issuance category. Qualified investors can participate in concert investments by purchasing security tokens in small shares, sharing in industry dividends. Just one day later, on February 26, Delin Holdings issued a notice that its Central Hong Kong Delin Building and other real estate RWA projects had been...

Digital asset investment products snapped a five-week losing streak last week, recording roughly US$1 billion of net inflows as investor sentiment shifted from retreat to opportunistic buying. The latest CoinShares weekly report says the move reversed a cumulative US$4 billion of outflows, marking a

Ethereum co-founder Vitalik Buterin recently released a detailed technical article discussing the future roadmap of Ethereum, emphasizing the centralization risks in block construction, proposing to expand the FOCIL mechanism and introduce encrypted memory pools to enhance censorship resistance. They plan to launch the Glamsterdam upgrade in 2026, adopting the ePBS mechanism to reduce centralization risks and address potential new centralization trends.

In brief Deloitte penned USAT’s first attestation report on behalf of issuer Anchorage Digital. The Big Four accounting firm began working for Circle in 2023. Tether signaled last year that it’s pursuing a full, independent audit. Anchorage Digital tapped Deloitte for USAT’s first

The supply of stablecoins has surpassed $300 billion, with high market concentration, but second-tier stablecoins are rapidly emerging. Centralized exchanges hold large amounts of stablecoins, and liquidity activity indicates they are primarily used for market infrastructure rather than payments. The circulation speed varies across chains, revealing different uses and roles.