According to CoinMeta, the founder of 50t funds, Dan Tapiero, stated that the core assets of digital currencies have entered a new bull market. Stablecoins, tokenization, and the business models of companies such as Kraken, Ledger, and Polymarket constitute the fundamental underlying factors of the current market trend. He mentioned that Hyperliquid is leading this round of market activity and had previously abandoned investments in FTX, Celsius, and BlockFi due to valuation concerns. Currently, he is raising $500 million for the 50t fund and has previously invested $42 million in Moonpay. At a macro level, Dan Tapiero is paying attention to Japan's 30-year government bonds and believes that Bitcoin and gold will hold an advantage in medium to long-term currency devaluation scenarios.