Encryption Industry Weekly Report: Tariff Policies Affect the World, AI and Meme Sectors Continue to Develop

Trump's Tariff Policy Draws Widespread Attention

Recently, Trump's tariff policy has become the focus of global attention, having a profound impact on countries around the world. Some analyses suggest that this policy may have a positive effect on cryptocurrencies such as Bitcoin. Economic uncertainty may prompt investors to turn their attention to Bitcoin, similar to the recent performance of the gold market.

A well-known fund founder conducted an in-depth analysis of the multiple impact mechanisms of tariffs, including aspects such as fiscal revenue, efficiency loss, inflation differentiation, and industrial protection. He pointed out that the deeper impacts of tariffs will depend on the policy responses of various countries as well as the dynamic adjustments of exchange rates and monetary fiscal policies.

The impact of tariff policies on the encryption market has already become apparent. Several institutional analysts hold a cautious attitude towards the market trends and advise investors to remain on the sidelines.

Macroeconomics and the encryption market

The CEO of a large asset management company stated in the annual letter to investors that Bitcoin may challenge the global status of the US dollar, and tokenization is becoming a key force in reshaping financial infrastructure.

In the first quarter of 2025, the encryption market experienced a severe decline. The future market trend will be influenced by key factors such as tariff policies, the Federal Reserve's stance, and non-farm data.

Some analysts point out that the Federal Reserve may face a policy dilemma, having to abandon its independence and anti-inflation stance, and instead resort to means like quantitative easing to finance the government. This situation of "fiscal dominance" could lead to a significant increase in the prices of assets such as Bitcoin.

A recent survey report shows that approximately 55 million people in the United States hold cryptocurrency, and the holder group exhibits diverse characteristics, with people of different ages and income levels participating.

Development of AI and Meme Fields

The AI Agent sector has recently experienced a significant decline in market value, with several popular projects seeing a drop of over 90%. Despite this, various projects continue to focus on technological iteration, ecological expansion, and product optimization, trying to find breakthroughs during the market downturn.

Fetch.ai is building a decentralized AI-driven economy where autonomous economic agents can interact across industries, optimize processes, and automate services. Meanwhile, projects such as Bittensor, Virtuals, and ElizaOS are also worth paying attention to.

A tragic incident occurred in the Meme coin market, sparking discussions about the risks in this field.

Project Updates

The RobotFi project has attracted attention, aiming to bring robotics into the blockchain space. Pendle announced its 2025 plans, including V2 upgrades, multi-chain expansion, and perpetual contract yield products. Sonic announced the issuance of a total of 190.5 million S tokens, with its TVL increasing by 130% within a month.

In the Sui ecosystem, in addition to the highly anticipated Walrus project, there are five other projects that may present early investment opportunities.

Industry Observation

The ETH Hangzhou event reflects a lack of confidence in the market regarding Ethereum's ability to reach new highs in the short term. Some believe that the encryption market is undergoing a shift from value creation to "selling coin economics."

The multi-chain stablecoin WYST launched in Wyoming, USA has sparked controversy and faced skepticism from Republican colleagues. Circle is attempting an IPO again but is facing challenges such as declining valuation and profit pressure. The launch of the GUN token has generated a frenzy, but the project still faces some scrutiny.

The Trump family has announced their entry into the Bitcoin mining sector by establishing American Bitcoin, with the goal of becoming the largest Bitcoin mining company in the world.

Important News

• A large asset management company has submitted a registration application for a digital large-cap fund ETF to the SEC.
• A member of the U.S. SEC proposed a seven-point encryption currency reform framework, urging Congress to accelerate the reform process.
• The activity on the Ethereum chain has significantly decreased, and the fundamentals are weak.
• The Forbes Billionaires List has surpassed 3,000 for the first time, with 16 billionaires from the encryption sector making the list.
• A research institution: Bitcoin price is gearing up for the "acceleration phase".
• Federal Reserve Chairman warns: Trump's tariff policy could lead to rising inflation and slowing economic growth