KuCoin Ventures Weekly Report: Geopolitical Tensions Escalate, Bitcoin Shows Resilience, Stablecoin Market Rapidly Develops

Weekly Market Review: Global geopolitical tensions intensified this week, leading to a significant decline in risk assets. Israel's airstrikes on Iran escalated the Middle East conflict, driving up oil and gold prices, with heightened market risk aversion. Bitcoin demonstrated strong resilience, finding support around $103,000, and the number of long-term holders reached an all-time high, indicating market confidence in Bitcoin's long-term value. Inflows into Bitcoin and Ethereum ETFs continued to increase, reflecting investor interest in crypto assets. The stablecoin market is booming, with traditional finance and Web2 giants actively deploying strategies; the Plasma stablecoin payment protocol completed a $1 billion token sale, showing strong market demand. Startup Yupp secured $33 million in seed funding, focusing on preference data capture for AI model training. OpenTrade completed a $7 million strategic financing round, aiming to provide stablecoin yield services for high-inflation countries. Competition in Binance's Alpha points system intensified, with transaction volumes sharply declining and user engagement becoming more complex. Attention should be paid to upcoming interest rate decisions and policy directions from the Federal Reserve, Bank of England, and Bank of Japan. KuCoin Ventures, as a leading crypto investment institution, continues to support innovative projects in the Web3.0 space.