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…
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…
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…
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…
Gold vs. Bitcoin: Who is in charge of the “offensive and defensive paths” in the investment portfolio?
Author: Divine Grace Digital gold stands out, while traditional gold is as stable as Mount Tai.Complementarity is the way to go. I met a fund manager from a traditional financial…
SEC Chairman May End the Ten-Year Fog of U.S. Token Regulation
Author: Zhang Feng Amid the wave of digital assets sweeping the global financial system, the U.S. Securities and Exchange Commission (SEC) has long been regarded as the most controversial and…
















