This Federal Reserve meeting not only revealed the Fed’s latest judgment on the current economic environment, but also affected the market’s expectations for future liquidity conditions, thereby directly affecting global asset markets including cryptocurrencies.

The Prague upgrade is another important technological iteration of Ethereum, following the Cancun upgrade in March 2024, continuing to optimize network performance, reduce transaction costs, and enhance the programmability of smart contracts.

The Prague upgrade is another important technical iteration of Ethereum. Following the Cancun upgrade in March 2024, it continues to optimize network performance, reduce transaction costs, and enhance the programmability of smart contracts. Compared with previous upgrades, the Prague upgrade not only involves adjustments to the underlying protocol, but also includes a series of far-reaching EIPs (Ethereum Improvement Proposals), including optimizing the Ethereum Virtual Machine (EVM), optimizing Ethereum staking, optimizing Rollup performance, reducing interaction costs, and strengthening storage management.

In 2025, the global financial market ushered in new changes. Trump returned to the White House and continued his consistent economic nationalism policy, with policies such as imposing tariffs, reshaping supply chains, and strengthening the hegemony of the US dollar being introduced one after another.

Since 2024, the successful approval of the Bitcoin spot ETF marks that the crypto asset market has entered a new stage of development. With the continuous inflow of institutional funds, market liquidity has significantly increased, pushing the prices of Bitcoin and other crypto assets to new highs. Looking ahead to 2025, with the potential interest rate cuts by the Federal Reserve, the increase in the allocation ratio of institutional investors, and the continuous improvement of Web3 infrastructure, the crypto industry is expected to usher in a new round of large-scale bull market.

In the Web3 era, TEE (Trusted Execution Environment) is becoming a key cornerstone for data security and privacy computing. From MEV protection to AI computing, from decentralized finance to DePIN ecology, TEE is building a safer and more efficient encryption world. This report will take you to explore this cutting-edge technology in depth and reveal how it will reshape the future of Web3.