This report will systematically discuss the basic concepts of DID and on-chain KYC, key technologies (including ZK, VC, composable credentials, etc.), practical applications, and regulatory requirements.

The total market value of global cryptocurrencies is $3.15 trillion, up from $3.14 trillion last week, with an increase of approximately 0.32% in the total market value of cryptocurrencies this week.

Market sentiment is currently at a critical window for structural repair and trend confirmation. In the past few weeks, the market has experienced a significant rebound after a panic sell-off.

"The position has been completely reset, and upgraded variables have emerged. The upward opportunities are more derived from tactical layouts rather than trend reversals."

After experiencing a rapid decline in the early stage, the cryptocurrency market has welcomed a phase of recovery this week.

Recently, the market's expectations for interest rate hikes in Japan have intensified, making "the strengthening of the yen, changes in global liquidity, and fluctuations in the cryptocurrency market" the new focal point of discussion.

The total market value of global cryptocurrencies is $3.03 trillion, down from $3.40 trillion last week, representing a decrease of approximately 10.88% in the total market value of cryptocurrencies this week.

The market has emerged from the "extreme panic" phase and is slowly recovering, but due to the four-year cycle theory and the selling by whales, the price has not achieved a V-shaped reversal.

Bitcoin's supply increment halves approximately every four years. However, since the halving completed in April 2024, the performance of Bitcoin prices and the entire cryptocurrency market has shown new characteristics unlike before.

"The period from Thanksgiving to Christmas is often a strong window for Bitcoin, but the current structural trend has not yet reversed, and any rebound is more likely to stem from short covering rather than new capital inflow."

In the past two weeks, the cryptocurrency market has experienced a significant correction, driven by multiple factors including macroeconomic conditions, policies, regulations, and structural deleveraging within the industry.

The core logic of the prediction market is to aggregate dispersed information and opinions through the price mechanism, making the funds wagered a true reflection of the probability of event outcomes.

Recently, Monad has become one of the most关注的新项目 in the industry.