#加密货币抵押品应用 Last night, the market information was really abundant! What excites me the most is that the CFTC approved ETH, BTC, and USDC as collateral in the derivation market - this seemingly simple policy change is actually a signal of traditional finance opening the door to decentralized assets.
Think about it, when mainstream institutions include crypto assets in the collateral system, what does that mean? It's like the "ID card" of the Web3 world has been officially recognized. In the past, we said that blockchain assets have value, and now it is confirmed by the actions of U.S. regu

#隐私技术解决方案 Privacy technology is really the next big breakthrough point for Web3! Zama's recent actions have shown me the dawn of fully homomorphic encryption (FHE) moving from theory to practice.
Did you know? Performing calculations directly on encrypted data without decryption—this sounds like magic, but it's becoming a reality. Zama has raised $130 million, backed by top institutions like Multicoin Capital and Pantera, and this is no coincidence. The team's founder, Pascal Paillier, has been researching this field for 25 years and holds 25 patents, which is a testament to hardc

#钱包社交转型 Seeing Farcaster shift from social-first to wallet-centric, my feelings are quite complex. On one hand, the data speaks for itself — DAU fell from 100,000 to 60,000, and monthly revenue experienced a big dump of 99%, which is not something that abstract ideals can sustain. On the other hand, this shift hides the real dilemma of Web3 social.
Why is it so difficult to run purely decentralized social networks? Because the driving force behind user retention ultimately boils down to **value flow**. Wallets are not just tools; they connect identity, assets, and transactions - this is where

#比特币市场周期与价格 It's really a bit funny to see people comparing Bitcoin to the tulip bubble again. After experiencing 17 years and 6 to 7 rounds of severe falls, it can still repeatedly refresh its historical highs. How can this be something that gets completely eliminated in just three years?
What struck me the most is this set of data: Even with the pullback this year, Bitcoin has still risen 250% over the past three years, and last year it skyrocketed by 122%. Even if it stays flat in 2025, the long-term average annual return remains steadily around 50%. This kind of resilience cannot be e

#比特币价格走势 Recently, I saw an analysis of Bitcoin's trends and felt a bit complicated. The data shows that traders tend to sell at highs during the rebound rather than accumulate coins. What does this reflect behind it? It actually indicates that market confidence has not fully recovered.
7 million BTC are in an unrealized loss state, with ETFs continuing to flow out. These indicators tell us that many people are still waiting and not genuinely optimistic. However, I want to say that this stage is particularly meaningful for understanding the long-term value of Web3 and crypto assets.
Short

#美联储政策 Good news! The Fed's interest rate cut in December is already a done deal, with a probability of 93% on Polymarket, indicating that the market has fully priced in this expectation.
What does this mean for the crypto market? Let me break it down for you—interest rate cuts mean ample liquidity, and the motivation for capital to seek returns will increase. DeFi projects and high-yield strategy protocols in the Web3 ecosystem can precisely absorb this portion of liquidity. Imagine, as traditional financial yields decline, more capital will flow into the highly efficient decentralized f

#比特币投资布局 Jen-Hsun Huang's viewpoint really struck a chord with me! Transforming energy into liquid value, isn't that the core magic of Bitcoin?
Traditional energy is constrained by geographical location, but Bitcoin has "liquefied" it—you can mine in Xinjiang and instantly transfer the produced Bitcoin to New York. This free flow of energy is essentially how currency should be. Moreover, this logic has profound implications for global energy allocation: excess energy that is wasted and cheap electricity in remote areas can be "captured" and "transmitted" through Bitcoin mining.
The in

#美联储政策 The data from Polymarket is quite interesting—the probability of a rate cut by the Fed in December is as high as 93%, and the market has already locked this in. But looking at the data for January, the probability of a rate cut has instead fallen to 27%. What does this reflect?
In fact, this is a true reflection of traditional financial markets: centralized decision-making power is held by a few institutions, and the market can only speculate and price based on fragmented information. The existence of prediction markets like Polymarket precisely highlights the problem - we need a more

#比特币价格走势 Looking at the latest on-chain data, I can't help but feel a bit emotional. Although Bitcoin has rebounded from its low point, the current market sentiment is still somewhat subtle — traders are choosing to sell on the way up rather than actively accumulate positions. Over 7 million BTC are in an unrealized loss state, and this number reflects that the market has not yet fully regained confidence.
But what I want to say is, don't be fooled by short-term fluctuations. History tells us that it is precisely during these periods of insufficient chip accumulation and uncertain sen

#市场情绪与波动 The recent pullback is actually a signal - when market sentiment is pessimistic and prices plummet, it is often the moment for smart capital to position itself.
The expectation of interest rate cuts is like injecting new vitality into the crypto market. What does a loose monetary policy mean? It means increased liquidity, which means that funds seeking returns will flow into risk assets, and as an emerging store of value, crypto assets will naturally benefit. The decline of Bitcoin and Ethereum over the weekend attracted a large number of buyers to enter the market—this is not a coin

#加密货币监管框架 The story of Korea is rewriting our understanding of the crypto market!
Many people still hold on to the old impression of "kimchi premium" and the retail investor frenzy, but in fact, South Korea has quietly completed its transformation. From the birth of the first exchange in 2013, to the ICO boom in 2017, and now—South Korea has built one of the most mature regulatory frameworks in the world. Real-name trading system, virtual asset user protection law, STO guidelines... These are not constraints on innovation, but rather pave the way for large-scale enterprise adoption.
What’s ev

#机构比特币持仓策略 USDT has obtained "fiat reference Token" verification in Abu Dhabi, which signals something significant!
You think, this is not just a regulatory label, but reflects that the traditional financial system is actively opening the door to digital assets. Abu Dhabi, as a global financial hub, is "legitimizing" stablecoins like USDT, which is equivalent to announcing on the global stage: stablecoins are no longer products of wild growth, but can be integrated into a regulated framework as compliant tools.
What does this mean for institutional investors? It’s reassuring! When regulators

#加密货币监管框架建设 The SEC investigation has come to an end, and Ondo Finance has been approved! This news is significant - after two years of scrutiny, it has finally been resolved without any allegations. What does this indicate? It indicates that the RWA (real-world asset tokenization) sector is moving from the gray area into the spotlight!
Think about it, Ondo bringing US Treasury bonds on-chain was a "sensitive operation" two years ago, and regulators had to scrutinize it carefully. But now, under the new regulatory framework, such innovation is actually being recognized — this is a signal that

#稳定币 The payment track has new developments! Airwallex's latest round of financing has shown me an interesting trend - traditional payment giants are beginning to seriously embrace stablecoin infrastructure development.
With a valuation of $8 billion and $330 million in financing, the growth momentum is strong. But what really excites me is that they are forming a stablecoin platform team. This is not just following the trend; it is about building the future form of payments.
Why is this so important? Traditional payment systems require layers of intermediaries to process cross-border tra

#美联储政策 Last night, the crypto market was turbulent, but what truly deserves to be followed is not the short-term price Long Wick Candle, but the macro turning point that the Fed's FOMC meeting on Thursday is about to bring. Every policy signal from Powell profoundly impacts the entire digital asset ecosystem, which is the core we need to understand—Bitcoin and Ethereum are essentially a gentle revolution against the TradFi system.
What’s even more exciting is the latest viewpoint from the SEC chair: the U.S. financial market could migrate on-chain within 2 years. Imagine when hundreds of

#比特币 After reading this reflective article, many complex feelings welled up in my heart. The author's awakening, gained through eight years of time and real money, is worth serious consideration by everyone in this field.
He is right that speculation and gambling indeed permeate the surface of the crypto market. But this is not the end of Web3; rather, it may be a necessary growing pain. As Haseeb said in his response, there has been a casino since the moment Bitcoin was born—Satoshi Dice was the first blockbuster application on Ethereum—what does this indicate? It indicates that speculat

#美联储政策影响 The change in the chair of the Fed actually has a profound impact on the macro environment of the entire crypto market. My first reaction upon seeing this news was that changes in policy expectations often trigger massive capital flows, which is the key window to understanding the opportunities in the Web3 ecosystem.
Let’s break down the logic: If Hassert comes to power, U.S. Treasury bond yields and the dollar may first decline and then rise. What does this mean? In the short term, liquidity will be relatively loose, which usually increases the attractiveness of risk assets—includin

#比特币价格走势分析 Bitcoin has reached a moment to test confidence again! Looking at the latest on-chain data analysis, the BWT indicator shows an interesting divergence pattern – this often means that panic chips are gradually being cleared.
To be honest, every time market sentiment falls into extremes, it becomes the most interesting observation window. When long-held positions are forced to sell at a loss, it often reflects a true market capitulation. Historical data tells us that this kind of signal usually indicates that the conditions for a rebound are in place. Of course, the wave of explosive

#永续合约 The popularity of perpetual contracts is really not slowing down! Binance and Bitget have successively launched POWER U perpetual contracts with up to 20x leverage. What does this reflect?
In simple terms, the derivatives market is evolving rapidly. The reason perpetual contracts are popular is not because leverage itself is so attractive, but because they represent a more mature and flexible trading infrastructure—users can hedge risks, express opinions, and earn profits 24/7. This is exactly the core goal of decentralized finance: breaking down the time and permission barriers of trad

#宏观经济 Seeing the latest warning from Bank of America, I have to say this perspective is quite interesting — the market is now like walking a tightrope, expecting the positive effects of Fed rate cuts on one hand, and fearing dovish signals indicating the economy is worse than expected on the other.
This actually reflects a core dilemma in the traditional financial world: **the uncertainty of centralized decision-making authority**. A single Fed meeting's signal can shake the entire stock market, with trillions of dollars following policy expectations. This fragility makes me even more convinc