Recently, the cryptocurrency market has shown multiple dynamics, with institutional innovation and geopolitical risks intertwined, affecting investor sentiment. Bitcoin (BTC) fell below the 94,000 USDT mark, triggering market volatility 📉 in the short term, which may be related to Trump's call for Federal Reserve Chairman Jerome Powell to lower interest rates, in anticipation that loose monetary policy will stimulate demand for 🚀 assets. At the same time, Metaplanet established a U.S. subsidiary to focus on the operation and maintenance of Bitcoin funds, marking the acceleration of institutional-grade adoption and driving the long-term value potential of BTC. Frequent highlights in the stablecoin space: Visa and Bridge jointly launched a stablecoin payment card, a pioneer landing in Latin America; Baanx has also partnered with Visa to issue USDC payment cards, which enhance the utility of 🌐 stablecoins for cross-border payments and are expected to increase market liquidity. The DeFi ecosystem is active, and Pendle PT was listed on the Aave Core Market as collateral, and the $162.2 million quota was quickly injected, showing that the growth momentum of the lending platform is strong 🔗. However, the risks cannot be ignored: Hyperliquid's official X account was hacked, reminding investors to strengthen security measures ⚠️; Ripple's failed acquisition of Circle, perhaps due to valuation differences, highlights the fierce competition for M&A. Geopolitical events, such as the U.S.-Ukraine resource agreement and the EU's Plan B, could exacerbate global uncertainty and indirectly affect crypto assets. Solana and other institutions proposed to the SEC to put U.S. stocks on the chain to promote financial innovation; Tether plans to launch a new stablecoin this year, heralding a wave of regulatory compliance. Overall, although the cryptocurrency market is facing volatility, innovation and adoption are driving the recovery, and investors are advised to allocate rationally and pay attention to risk management 💡. Stay on the sidelines and wait for the policy signal to be clear.