@Sakura please summarize this article, thanks uwu.
TLDR
This article provides a comprehensive macro update on the crypto market in early 2025, covering key events, metrics, and trends across Bitcoin, Ethereum, and the broader crypto ecosystem.
Key Points 
- Bitcoin’s hash rate and on-chain wallet growth signal increasing network strength and retail adoption.
- Institutional interest in Bitcoin continues to rise, with ETF holdings surging.
- Ethereum’s upgrades have improved Layer 2 scalability and privacy.
- The crypto market saw major developments in 2024, including the first Bitcoin ETF approval, NFT growth, and advancements in DeFi and Web3.
In-depth Summary
The article starts by highlighting the potential for a sustained bull market in 2025, drawing parallels to previous crypto cycles. It then dives into a detailed macro update covering the past week’s key events, including news on Bitcoin metrics, market performance, and the 2024 crypto year in review.
The Bitcoin section showcases impressive network growth, with hash rate reaching new highs and on-chain wallet numbers nearing record levels. This signals increasing decentralization and retail adoption. Institutional interest has also surged, with Bitcoin ETF holdings doubling in 2024.
The article then summarizes major developments across the crypto ecosystem in 2024. This includes Ethereum’s upgrades, the first Bitcoin ETF approval, NFT market recovery, and advancements in DeFi, Web3, and emerging technologies like quantum computing. It also touches on regulatory updates, hacks, and other industry events.
ELI5
This article is a summary of the key things that happened in the crypto world in early 2025. It talks about how Bitcoin is getting stronger, with more people using it and big companies investing in it. It also covers other important crypto projects like Ethereum and how they are improving. The article highlights the major events and trends that shaped the crypto market in 2024, like new regulations, hacks, and advancements in technology.
Writer’s Main Point
The main point of this article is to provide a comprehensive macro update on the state of the crypto market in early 2025. It highlights the positive signs of growth and adoption, while also acknowledging the challenges and developments across the industry. The author seems to be optimistic about the long-term prospects of the crypto market, based on the data and trends presented.