Market Trend Analysis and Future Outlook
In recent reflections on the market situation, I believe the true direction of the cryptocurrency market will become clear only after September. Considering the macroeconomic headwinds, summer liquidity constraints, and quarterly position adjustments, the actual market dynamics may only emerge after the August holidays when market participants return. Recent market activity indicates that the rise of most altcoins has been primarily driven by short squeezes. Traders are chasing after previous rebounds but lack the support of long-term holders. Many coins have surged sharply and then immediately dropped significantly.
Ethereum has experienced an unexpected rebound, with sectors that were previously severely hit, such as AI and certain small-cap coins, leading the recovery. In contrast, tokens with real use cases, strong fundamentals, or buyback mechanisms have shown strong resilience, remaining more stable during the downturn and recovering more quickly. From this, several insights can be drawn:
1. Bitcoin demand remains stable.
Traditional capital is gradually entering through regulated channels such as ETFs.

The Wealth Game of Virtual Accessories: The Rise and Fall of the CS:GO Skin Market
As the frenzy of Meme coins gradually fades, some speculators who once floated in it have turned their attention to the CS:GO skin market. These former "Meme hunters" have transformed into "item resellers," viewing CS:GO skins as the next key to wealth.
CS:GO was officially released on August 21, 2012, and in 2013, it introduced the weapon case and skin system, allowing market trading, laying the foundation for the CS:GO cosmetics economy. After multiple updates and attempts at free-to-play, CS:GO entered a twelve-year period of prosperity in the cosmetics market.
However, in May 2025, the CS accessory market suddenly collapsed. The accessory index plummeted 20% in three days, and the prices of several popular trading varieties nearly halved, sparking heated discussions among users. This kind of market collapse is all too familiar for cryptocurrency traders, but this time the hands...

From Meme coin to CS:GO skins: The cycle of virtual asset speculation
As the hype around Meme coins gradually fades, some speculators who once thrived in it have turned their attention to the CS:GO skin market. These former "Meme hunters" have transformed into "skin resellers," viewing CS:GO skins as the next wealth secret.
CS:GO was officially released in August 2012, and the following year introduced the weapon case and skin system, allowing trading on the Steam market, laying the foundation for its cosmetic economy. After multiple updates and attempts at free-to-play, the cosmetic market of CS:GO has flourished for over a decade.
However, in May 2025, the CS accessory market suddenly collapsed. The accessory index plummeted by 20% within three days, and the prices of several popular trading varieties nearly halved, sparking heated discussions among users. This kind of market collapse scene is all too familiar for coin traders, except this time what they hold is

VINE, as a symbol of short video culture, holds hopes for a reboot, but its continuation relies on the decisions of Musk and the founders. Grok Imagine may assist in realizing the reboot of Vine, but it is not equivalent to Vine. The market's expectations and risks surrounding VINE coexist, and investors should exercise caution in their assessments.

The SEC Chairman emphasized at the tokenization roundtable that the trend of securities migrating to Blockchain will bring new methods of issuance and trading, enhancing market Liquidity, and that regulatory adjustments are needed to adapt to this change. He criticized past enforcement strategies, committed to developing clear guidelines, and strengthening the regulation of trading and custody of crypto assets to position the U.S. as a leader in the crypto market.

SEC Chair Discusses Encryption Asset Regulatory Framework
At a recent tokenization roundtable, the chairman of the U.S. Securities and Exchange Commission ( SEC ) delivered an important speech on the regulatory framework for encryption assets. He emphasized the importance of transitioning securities from traditional databases to blockchain-based distributed ledger systems, comparing this shift to the evolution of audio from analog to digital formats.
The chairman pointed out that on-chain securities could fundamentally change all aspects of the securities market, bringing about entirely new methods of issuance, trading, holding, and usage. For example, smart contracts can enable the automatic and transparent distribution of dividends, and tokenization can also enhance asset liquidity. He believes that in order for the United States to become a global encryption hub, the SEC must keep pace with innovation and consider regulatory reforms to adapt to on-chain securities and other encryption assets.
The chairman emphasized that the SEC will no longer rely on temporary enforcement actions but will establish practical standards. He stated that he will focus on three areas:

A Discussion on the Relationship between VINE and Imagine
VINE has always been regarded as a cultural symbol, carrying people's hopes for the relaunch of the short video platform Vine. As long as Musk and Vine's founder Rus have not explicitly abandoned the relaunch plan, VINE will continue to exist.
Recently, Grok Imagine has frequently appeared in the public eye, but this does not mean it will replace VINE. Imagine is actually a feature module of Grok that converts images to videos, similar to how Grok serves as an AI component for a certain social platform. The high-profile promotion of Imagine is more about showcasing Grok's AI capabilities rather than rebranding Vine.
"Restarting Vine" is not just a slogan; it encompasses multiple factors including culture, emotions, and branding. As a unique cultural symbol, Vine carries the internet memories of a generation, a value that is hard to replace. Ma

VINE and Imagine: two independent but related concepts
VINE has always been a highly discussed internet culture phenomenon. It represents people's hopes for the revival of the once-popular short video platform Vine. As long as Musk and Vine founder Rus have not explicitly abandoned the reboot plan, VINE will continue to exist in the public eye.
Recently, Grok Imagine has frequently appeared in Musk's social media updates. Although Musk refers to Grok Imagine as "AI Vine," this does not mean Imagine will replace VINE. Imagine is actually a functional module of Grok, specifically designed for converting images to videos. Musk promotes Grok Imagine mainly to showcase Grok's AI capabilities, rather than to redefine Vine.
"Rebooting Vine" is not just a simple

SEC Chairman Discusses New Direction for U.S. Crypto Assets Regulation
Recently, the chairman of the U.S. Securities and Exchange Commission (SEC) delivered an important speech at a tokenization roundtable, outlining new approaches to the regulation of Crypto Assets.
The chairman pointed out that securities are migrating from traditional databases to blockchain-based distributed ledger systems, a transition that could fundamentally reshape the securities market. He likened this process to the evolution of audio from vinyl records to digital files, believing that it will bring new ways of issuing, trading, and using securities.
In order for the United States to become a global leader in the encryption field, the SEC must keep up with the times and consider reforms to existing rules to accommodate on-chain assets. The chairman emphasized that the SEC will no longer rely on temporary enforcement actions, but will instead establish practical standards and focus on regulating fraud and manipulation.
In terms of specific policies, the chairman emphasized the work priorities in three areas:
First, in terms of issuance.

Recently, the meme coin projects VIRGEN and NOTHING in the Virtual ecosystem have attracted widespread attention due to their friendly issuance mechanisms and Airdrop. The VIRGEN coin not only saw a price rise after its successful sale but also rewarded holders through buybacks and additional Airdrop; meanwhile, NOTHING designed a Token locking mechanism to earn points. Both demonstrate the market's self-purification ability, suppressing inferior projects through quality projects and aiding in the healthy development of the platform ecosystem.

The founder of Ethereum's new perspective on L2 rapid withdrawals has sparked follow-up, as he believes that achieving rapid withdrawals within 1 hour is more important, and this move will optimize user experience and drop cross-chain costs. The proposed 2-of-3 hybrid proof system helps enhance security and immediacy. This shift marks a transition in the Ethereum ecosystem from ideal-driven to result-oriented development, emphasizing the need for fierce competition in terms of ZK technology maturity and cost control, bringing new challenges to the future L2 competitive landscape.

Symbiosis has launched an innovative Bitcoin cross-chain solution that addresses the challenge of exchanging wrapped BTC for native BTC. This solution achieves Bitcoin liquidity through monitoring, information relay, and syBTC minting, and has secured $2 million in funding, with expectations to establish a foothold in the cross-chain space.

In the past week, Solana has made significant progress on-chain and off-chain, including the launch of Circle's CCTP V2 cross-chain protocol, the initiation of Central Asia's first Solana economic zone, and a $90 billion partnership with Fiserv to connect 3,000 banks. Staking services have been extended to institutional clients, and the integration of TradFi and Blockchain has deepened further.

Structured investments have emerged in the Web3 space, offering flexible and customizable investment methods that attract high-net-worth investors. The essence lies in splitting and combining income rights, allowing investors with different risk preferences to profit. The main products include fixed income, convertible bonds, risk-layered funds, and platform-based structured products, but participants must carefully consider compliance and investment risks.

Recently, the crypto assets market has faced challenges, with Bitcoin demonstrating resilience, showing characteristics of low volatility and strong support. The market may reach a low point, and a mid-term rebound is expected. Meanwhile, the trend of capital flowing into Bitcoin assets is strengthening, and changes in the global economic landscape are attracting more investment attention.

Blockchain brings new opportunities to games, such as true asset ownership and decentralized content creation, but also faces challenges like player demands, gaming experience, and development costs. To realize its potential, innovation and unique design are needed, avoiding simple replication.