The cryptocurrency market at the beginning of 2026 can be described as a 'frozen fire'—Bitcoin has dropped nearly 30% from its October 2025 peak, triggering the liquidation of over 100,000 people on New Year's Day, and Standard Chartered has slashed its annual price target for Bitcoin from $300,000 to $150,000, reigniting discussions about the 'crypto winter.' However, at the same time, Meme coins are逆势 leading the market trend, with a rotation of gains from Chinese to Japanese coin types, and within the Binance ecosystem, Meme coins have even been rapidly listed following a single tweet, maintaining strong community enthusiasm. Meanwhile, the AI sector is also active, with Anthropic launching a new-generation security defense system, and the integration of AI with hardware emerging as a new industry hotspot. The narrative of 'compute power as currency' is accelerating its realization.