星球日报

The U.S. government may be hoping for an economic recession to drop Interest Rate, addressing debt maturity or refinancing issues. An economic recession can ensure a drop in Interest Rate, promote consumption, and reduce capital costs. Trump may want to combat inflation by lowering oil prices and Interest Rate, but may need to face the risk of triggering an economic recession. The shadow of a debt crisis looms, and the market is pricing in expectations of an economic recession.

Original Title: First Principles - Compounders, L1s, IR, Buybacks
Original author: 0x kyle\_\_, DeFiance Capital member
Original translation: ChatGPT
Editor's note: The author believes that the biggest problem in the field of encryption is not talent or capital, but the lack of first principles thinking, leading the industry into a cycle of short-termism, extractive culture, and low trust. The author analyzes the reasons why compounding is difficult to emerge, proposes the need to promote long-term thinking from the top, focus on building revenue-generating products, and criticizes the general

Original Title: Macro Tops: the multi decade bear market
Original author: mikeykremer, Messari researcher
Original compilation: ChatGPT
Editor's note: The author reviews the period from the outbreak of World War II in 1939 to Trump's re-election in 2024. During this period, the U.S.-led global economy experienced a super bull market driven by one-time events such as rising to a superpower after World War II, the entry of women and minorities into the labor market, and the victory of the Cold War. However, the author believes that this feast has ended due to factors such as the trend towards deglobalization, unsustainable labor force expansion, and the difficulty of further interest rate cuts. In the future, there will be financial asset liquidation, capital controls, and fiscal repression. Traditional markets will find it difficult to regain their glory, while gold and bitcoin, as non-traditional assets that are difficult for governments to control, will become safe havens. In particular, bitcoin can

The Nillion team has announced the Airdrop reward recipients and detailed methods to ensure that the rewards go to genuine community contributors. They emphasized the importance of measuring community contributions, conducted a survey on participation in the validators program, and adopted a weighted distribution mechanism. The team excluded low participants and focused on rewarding members with long-term commitment and genuine contributions. Their actions may impact the Airdrop template of future encryption projects and advocate for higher standards in recognizing community value.

Original author: @Web3 Mario
Recently, the market sentiment has been relatively low, as the potential policy dividends are gradually being realized below expectations, and after a series of celebrities like Trump harvested the liquidity of the speculative crypto market with Memecoins, the two-year speculative wave of cryptocurrencies driven by macro positive factors seems to have come to an end. In response, more and more investors and believers have begun to contemplate the next value narrative of the Web3 industry, with the Web3 consumer applications track becoming a focal point of many discussions. Only with the existence of more consumer-grade applications and mass adoption can this ecosystem of excessive infrastructure development bring true user adoption and sustainable business value. Therefore, during this period, I have been thinking about issues related to Web3 consumer applications.