Recently, I have a few intuitive thoughts on the Web3 market:

1: Bitcoin's independence is strengthening
The market is currently concerned that high oil prices for an extended period will suppress US tech stocks. In the past, Bitcoin basically moved in line with tech stocks, but with such large crude oil fluctuations this time, Bitcoin has actually been moving very steadily, showing some signs of "walking its own path."

2: Circle is essentially a US Treasury yield machine
Many people view Circle $CRCL as a stablecoin company, but in reality its main revenue comes from US Treasury interest. In other words, holding Circle is somewhat like holding a US Treasury issuer. Theoretically, its valuation long-term should be highly correlated with the issuance scale of USDC—essentially an amplifier of US Treasury yields.

3: $HYPE 's core value lies in the user capital pool
HYPE's revenue logic mainly comes from platform income buybacks. What's truly valuable isn't the token itself, but the user capital deposited on the platform. The advantage is decentralization, good liquidity, and resistance to sudden price movements. The long-term goal is actually very clear—gradually capture the contract market share of centralized exchanges.

4: The World Cup could spark prediction markets
Global events like this are natural tailwinds for prediction markets. Eventually, major projects will likely leverage this narrative and see some market hype. Of course, fan tokens will also be subject to speculation. I'm still bullish on $CHZ and SANTOS. #Gate广场AI测评官