Key findings:

• Bitcoin (BTC) demonstrated remarkable resilience in the financial markets, recording a substantial 156% Year-To-Date (YTD) growth.
• Despite a decline in overall market caps for stablecoins, the Total Value Locked (TVL) in Real- World Asset (RWA) protocols experienced a 700% increase, underscoring significant institutional interest in blockchain applications beyond conventional financial uses.
  
• Following the FTX incident, the landscape of centralised cryptocurrency exchanges witnessed considerable changes, influenced by heightened regulatory scrutiny, especially of major entities like Binance.
• As the market enters a new cycle, we expect the advancement of Artificial Intelligence (AI), tokenisation of real-world assets (RWA), and layer-2 scaling solutions to remain at the forefront.