Looking at the crypto industry from the first principles of money: great differentiation led by BTC
2025 Year in Review: The Current State and Trend of Ethereum
Will the policy differences between the U.S. and Japanese central banks reshape global liquidity?
Faith Capital Market: The Essence and Core Value of Cryptocurrency
The golden stage of the crypto field is coming to an end and is heading towards new financial innovation
Magic Eden: From NFT market to crypto entertainment
AI infrastructure debt surge, miner leverage and disappearing “liquidation liquidity”
Cryptocurrency: The shift from asset class to technology sector
Tom Lee’s speech in Dubai: The crypto super cycle is solid and why I still persist
The truth behind the current cryptocurrency market
2025 On-chain Movement Investigation Report: Make DeFi More DeFi
Within one month, the crypto market experienced two shocks on October 11 and November 03. Whether DeFi still has a future has become a common question for everyone. At this…
It’s already 2025. Where should crypto companies apply for licenses?
After more than ten years of brutal growth, the encryption industry has entered a new era:Without a license, it is difficult to move forward. From exchanges, wallets, payment companies, to…
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- Research Report
- November 14, 2025
- 24 views
a16z: Arcade Token The most undervalued token type
Author:a16z,Scott Duke Kominers, Eddy Lazzarin, Miles Jennings, Tim Roughgarden Preface We recently put together a new, comprehensive taxonomy of token types, including network tokens, collectible tokens, and memecoins.Of the seven…
- Investment Research
- November 14, 2025
- 25 views
Wintermute: The asymmetric impact of BTC’s correlation with Nasdaq
Author: Jasper De Maere, Source: Wintermute, Compiler: Shaw Bitcoin Vision Key takeaways Bitcoin prices continue to correlate with stock market movements.The correlation remains high, but Bitcoin reacts more strongly to…
- Investment Research
- November 14, 2025
- 25 views
RWA’s main battlefield?What is the underlying business logic of stock tokenization?
Author: Sha Jun, Guo Fangxin In June this year, Robinhood announced that it would provide tokenized U.S. stock and ETF trading to European users, and provide users with a product…
When the U.S. government opened its doors, BTC fell below $100,000. What happened?
Shaw, Bitcoin Vision Starting late at night on November 13, cryptocurrencies continued to decline.The market’s decline accelerated in the early morning of the 14th. Bitcoin briefly fell below US$99,000, once…
DeFi’s Black Box: How Risk and Return Are Repackaged
Author: Chaos Labs; Translation: @bitchainvisionxz 1, risk curation and on-chain capital allocator (OCCAs) the rise of DeFi has entered a new stage of structuring: institutional trading strategies are being abstracted…
- Investment Research
- November 14, 2025
- 32 views
How Polymarket uses “mechanism” to cast “probability”
Author: Movemaker; Source: X, @MovemakerCN Classifying Polymarket as a speculative platform is a serious misunderstanding.Its core function is to compress and securitize human collective judgments of future events into a…
Opinion: The x402 protocol is not equivalent to the Ethereum AA account abstraction
Author: Haotian; Source: X, @tmel0211 Last time I mentioned that the x402 protocol continues the Lightning Network. Recently, when I had dinner with a group of programmer friends, I was…
The hawks’ army is suppressing the Fed’s December meeting, and there may be many dissenting votes
Xiao Yanyan, Jin Shi Data Minneapolis Fed President Neel Kashkari said he had previouslyHe did not support the Fed’s last rate cut, but he has yet to make a decision…