Recent changes in the crypto market are indeed worth paying attention to. From the perspective of institutional actions, major players are seriously deploying.

First, let's talk about holdings. MicroStrategy holds over 670,000 Bitcoins, which is no small amount. H100 Group from Sweden has invested tens of millions of dollars, and Nasdaq-listed companies are also increasing their RWA tokenization projects. These are not trivial investments—real money flowing in often reflects the true expectations of market participants.

Progress on the technical front is also quite evident. Ant Group has launched a dedicated Layer2 blockchain for RWA, achieving a throughput of 100,000 TPS, and 14 million new energy devices have been tokenized on-chain. The daily trading volume of Ethereum's Layer2 ecosystem is now 12 times that of the mainnet, with transaction costs down by 90%. What does this mean? It indicates that real application scenarios are taking shape, no longer just theoretical discussions.

In terms of market confidence, institutional attitudes toward digital assets are shifting. Cryptocurrencies are gradually evolving from fringe assets to standard options in institutional portfolios, especially amid inflation expectations and diversified asset allocation.

Overall, the driving force behind this round of market rally is not speculation or concepts, but tangible institutional deployment, technological maturity, and application expansion. Market structure is being reshaped, and gameplay is upgrading. The long-term value support for Bitcoin and Ethereum is becoming clearer.