Eli Ben-Sasson reviewed the evolution of crypto cycles on X platform, pointing out that the current bear market differs from the past, exhibiting characteristics of a "bear hug from traditional finance." Warming regulations and the entry of financial institutions have squeezed the crypto industry's spirit of innovation, but he believes that long-term freedom and innovation will eventually return, driving the next wave of development.

BlockBeats news, March 25: Resolv released the latest update on the hacking incident. Over the past two days, pre-liquidation USR wallets have redeemed over $77 million in funds, accounting for over 90% of that group's total, with the first phase of recovery work achieving significant progress. Next steps: • The redemption process for this group is actively being completed; • Work on subsequent phases has been initiated, which will cover the remaining other user groups.

Balancer Labs, the parent company of decentralized exchange Balancer, has announced its closure due to substantial losses from a hacker attack last year. Nevertheless, the Balancer protocol will continue to be operated by Balancer DAO and the foundation, generating revenue. The core team will be integrated into a new entity, BAL token issuance will cease, and all fees will be used to repurchase existing tokens, providing investors with a fair exit opportunity. The DeFi sector is currently undergoing restructuring, and the next 12 months will be a critical test for industry recovery.

Gate News report: On March 25, Elon Musk posted that the next version of xAI's image generation tool Grok Imagine "will be epic, we're doubling down on it." The official Grok account subsequently replied confirming the new version is called Grok Imagine.

According to 1M AI News monitoring, Elon Musk posted that the next version of xAI's image generation tool Grok Imagine "will be epic, we are doubling down on investment." The official Grok account subsequently replied confirming that the new version is named Grok Imagine.

Bittensor (TAO) price rebounded strongly to $308 on March 25, with an 18% gain. This rally was primarily driven by short squeezes, but inflows showed weakening momentum, indicating a bearish divergence. The current price is approaching key resistance, and the subsequent trend will depend on whether it can break through $310 and the entry of spot buying pressure.

A community of more than 3,000 members is applying to ICANN for the .agent top-level domain, advocating for community governance of this naming layer. Participants include Brave and numerous well-known companies, with the goal of ensuring transparent registration policies and pricing. ICANN's application window will open in April 2026.

A community of over 3,000 members is applying to ICANN for the .agent top-level domain, advocating for community governance. Privacy browser Brave has registered the .agent domain, with participants including Ollama and others. The community aims to ensure transparent registration policies and fair access rules. ICANN's application window will open in 2026.

Half of Norway's sovereign wealth fund employees are using Anthropic's Claude large language model to write AI tools to assist with decision-making and monitor investment risks. The fund's leadership stated that in the future, AI will be allowed to make limited decisions, but human oversight will still be required. The CEO emphasized the substantial returns from AI investments and plans to shift positions toward front-end investing.

OpenAI CEO Sam Altman announced that the new flagship model Spud has completed pretraining and is expected to be released soon. The company is restructuring, with the AI safety team transferred to the Chief Research Officer, the information security team moved to a new department, and Altman focusing on fundraising and data center construction. The product department has been renamed to "AGI Deployment," and multiple features will be consolidated into a desktop "super app."