Circle’s profits are not as good as Tether’s, and the responsibility lies with its “original family”

Author: 0xTodd; Source: X, @0xTodd Circle’s profits are so thin. In my humble opinion, the main blame is on the family of origin. First of all, to make an inappropriate…

Everything can be “contracted”: Pre-IPO on-chain experiment revelation

How many types of assets are being traded on the chain? Most of them are crypto-native tokens, stable coins, etc.This yearMany fast-growingRWA (Real World Asset)Such as bonds, stocks, gold, etc..…

HashKey IPO: The uniqueness of the listing path and regulatory framework

Author: Zhang Feng With the rapid development of the global digital asset industry, compliance and institutionalization have become the main theme of industry evolution.Against this background, HashKey, Asia’s leading digital…

For the first time, MSTR, the leading BTC concept stock, stated that it may “sell coins” and fell sharply during the session.

Long Yue, Wall Street Insights As the world’s largest listed company holding Bitcoin, MicroStrategy announced on Monday, December 1, that it had raised funds through the sale of shares and…

Will Bitcoin’s drop to $80,000 break the Strategy model?

Author: Ekko an, Ryan Yoon, Source: Tiger Research, Compiler: Shaw Bitcoin Vision Key takeaways Strategy’s static bankruptcy threshold is expected to be around $23,000 in 2025, nearly double the $12,000…

Repo market liquidity cracks reappear: Fed’s control faces test

Introduction: The systemic importance of repo markets As a core component of the global financial system, the repo market is the main place for financial institutions to borrow short-term funds.The…

MSTR’s Tribulation: Short Selling and Palace Fighting

Author: Lin Wanwan MSTR (Strategy) holders may not be able to sleep well recently. The stock price of this “Bitcoin central bank” that was once held on the altar has…

Will the Hong Kong fire destroy the city’s luck?

Author: Yue Xiaoyu; Source: X, @yuexiaoyu111 On the evening when the fire broke out in Hong Kong, I had just gotten on the plane leaving Hong Kong. I saw the…

How to apply a bank valuation framework to Bitcoin treasury companies

Author: Andrej Antonijevic, Source: Bitcoin Treasury, Compiler: Shaw Bitcoin Vision Introduction Banks have existed in various forms for hundreds of years.Their business models are often based on a simple economic…

Bitcoin’s 5 major signals determine the direction of this bull and bear cycle

Since the launch of the U.S. Spot Bitcoin ETF, the Bitcoin price-driven logic has shifted from on-chain signals to off-chain funds and leverage. Five of these signals jointly determine the…

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