#战略性加仓BTC ZEC This wave, do not rush to short sell. Carefully observe the market performance; it is clear that there is a main force manipulating — rise, correction, then rise again in a regular pattern. Usually, traders do not attempt to destroy the market in this way, indicating that there is room for further upward movement. Additionally, the movements of Bitcoin and Ethereum have provided many signals; they are likely to lead the market strength in this cycle to higher prices for major coins as well. In the short term, blind short selling may lead to traps. Instead of repeating operations, it is better to wait until the mechanisms become clearer before taking any action.#Gate2025AnnualReportComing #BitcoinGoldBattle

#美联储降息25个基点 #BTC战略储备市场影响 #XRP ETF上线 In terms of regulation, the U.S. Congress has made significant progress in the drafting of the GENIUS Act and clear rules related to stablecoins. The White House has established the Digital Asset Market Working Group, which has engaged with many industry participants and is committed to providing clear regulatory guidance for the industry. Meanwhile, the U.S. Securities and Exchange Commission (SEC) announced "Project Crypto," aimed at making the U.S. a hub for cryptocurrencies by exploring measures such as broader asset tokenization in financial markets. Builders in the crypto industry have also made remarkable progress. Currently, there are multiple large and highly liquid prediction markets, with more new markets about to launch. The supply and usage of stablecoins have reached all-time highs, with holders across more regions. Many on-chain protocols generate eight to nine figures in revenue, and several serve as developer platforms with active startup ecosystems—these startups are also generating profits! It can be said that this is one of the best times for builders in the crypto industry. My favorite quote is: “The market potential (TAM, Total Addressable Market) of digital assets is currently the largest, yet also the smallest in the future.” This is especially true in the current moment.

Experts Predict Collapse of Bitcoin and Ethereum Holding Companies By 2026, publicly traded companies with cryptocurrency reserves(DAT) face a large-scale crisis. Many major corporations' stock prices have already fallen, and industry representatives forecast further deterioration, according to Cointelegraph. In 2025, many companies offering investors access to cryptocurrencies through stocks emerged in the market. During the October Bitcoin bull run, the industry attracted billions of dollars, but the subsequent correction severely impacted these companies' market values. Pessimistic Forecast Altan Tutar, co-founder of MoreMarkets, described the industry's outlook as “gloomy.” He believes that market oversaturation will lead most such institutions to shut down. The first to fail will be companies focused on altcoins: they cannot keep market valuations above their asset book value. Tutar predicts that investors holding large amounts of major coins like Ethereum, Solana, and XRP will follow. Only companies that can provide additional value to investors will survive. This involves creating products that generate stable returns and can distribute asset income among shareholders. Shift in Business Models Ryan Chow, co-founder of Solv Protocol, pointed out that the number of companies holding the top cryptocurrency increased from 70 to 130 within half a year. However, a simple accumulation strategy no longer guarantees success. According to Chow, many market participants only see buying digital gold as a marketing tactic, without a real financial structure. Now, they are forced to sell assets to cover operational costs. Experts believe that methods must change: a shift from speculation to structured capital management is necessary. Bitcoin should operate within transparent yield instruments rather than being a “dead weight” on the books. Threats from ETFs Vincent Chok, CEO of First Digital, believes that the main threat facing DAT companies is competition from spot ETFs. Investors are increasingly inclined to choose exchange-traded funds (ETFs) as simpler, more regulated tools. Relaxed regulations in the US have also exacerbated this, allowing ETFs to include staking yields. To survive, crypto companies will have to meet the standards of traditional finance. This requires full transparency, auditing capabilities, and compliance with institutional-level procedures. A reminder: James Butterfill, a researcher at CoinShares, pointed out that the bubble of “treasury” companies has actually burst.