On March 23rd, CZ referred to Bitcoin as a hard asset, sparking discussions in the crypto market. As economic uncertainty increases, Bitcoin is gaining more recognition as a store of value, especially among young investors and institutions. Its scarcity and independence make Bitcoin a potential tool for hedging against inflation, and its market position is expected to solidify in the future.

The perpetual preferred stock STRC issued by Strategy has regained the $100 par value during the U.S. trading session. This price level is critical for the company's additional Bitcoin issuance. STRC previously dipped to $93 along with Bitcoin fluctuations, but recent market rebound has restored its par value, with an annualized dividend yield of 11.25%.

Despite the recent continuous pullback in Bitcoin prices, enterprise-level crypto asset deployment has not slowed down. The perpetual preferred stock STRC issued by Strategy (MSTR) returned to the $100 par value range during U.S. trading hours for the first time since mid-January. This key price signal is interpreted by the market as the company's renewed ability to raise capital through the capital markets and continue increasing its Bitcoin holdings. STRC is a financing tool designed by Strategy for long-term Bitcoin acquisition. When its price approaches or exceeds par value, the company can resume the "at-the-market" (ATM) issuance model to continuously raise cash without significantly diluting common shares. The last time STRC traded above $100 was on January 16, when Bitcoin was still around $97,000. Subsequently, as Bitcoin briefly fell to the $60,000 range in early February, STRC was also dragged down to a low of $93.

CBB stated on social platforms that although the market has doubts about Stable projects, its valuation is comparable to Blast. Stable participation is simple, and users can earn approximately 25% annualized returns without complex operations, making it more aligned with a yield-oriented model.

The latest report from Glassnode shows that the Bitcoin market is entering a more mature cycle, with a significant increase in institutional participation, decreased market volatility, and rapid expansion in the scale of tokenized real-world assets (RWA). Data indicates that approximately $732 billion in new capital has been absorbed this cycle, and one-year realized volatility has nearly halved, demonstrating sustained improvement in market stability. In the past 90 days, Bitcoin’s on-chain settlement volume was about $6.9 trillion, on par with payment giants such as Visa and Mastercard. Although some trading has shifted to ETFs and brokerage channels, on-chain transactions still dominate. Capital inflows into regulated ETFs are driving funds to move through traditional channels, enhancing market liquidity and reducing spot volatility.

According to Foresight News, citing the Q4 digital asset report released by glassnode, this cycle has seen $732 billion in new capital flow into Bitcoin. The 1-year realized volatility has nearly halved, and market trading is calmer, larger in scale, and has higher institutional participation. In the past 90 days, Bitcoin settlement volume was approximately $6.9 trillion, on par with or higher than Visa and Mastercard. As capital flows to ETFs and brokers, trading activity is shifting off-chain, but Bitcoin and stablecoins still dominate on-chain settlements. The scale of tokenized RWAs grew from $7 billion to $24 billion within a year, marking the strongest phase of institutional adoption to date. Tokenized funds are one of the fastest-growing areas for 2025, providing new distribution channels for asset management companies and offering investment opportunities to previously underserved investors.

In the latest autumn budget statement, UK Chancellor Rachel Reeves confirmed that Crypto Assets will be exempt from further taxation, but the government is pushing for stricter reporting and regulatory measures to enhance industry Compliance. Reeves announced that the income tax threshold will remain frozen, while new tax measures will be implemented on dividends, savings, and property income, and limits will be set on pension salary sacrifice benefits. Azaria Nukajam, the Compliance Officer of a certain CEX in the UK, welcomed this, believing that Crypto Assets should be treated on par with other asset classes, which is beneficial for their long-term position as an alternative investment choice. However, she also pointed out that new regulations including the Crypto Asset Bill, HMRC tax warnings, and the upcoming Crypto Asset Reporting Framework (CARF) indicate that the UK is pushing for stricter tax transparency and regulation to close potential loopholes.

Odaily News Hong Kong Investment Promotion Agency's Global President of Financial Services and Technology, and Sustainable Development, Liang Hanjing, stated that recently some banks have received tokenized deposits from brokerages, successfully subscribing to tokenized money market funds issued by fund companies. The emergence of tokenized funds signifies the evolution of the asset management industry from "2.0" to "3.0", and it is believed that in 10 years, the popularity of tokenized funds will be comparable to that of today's ETFs. (Hong Kong Commercial Daily)