Trending News: Is time spent in the crypto industry a waste of life?Let’s talk about the V2 upgrade of x402 and share some key pointsDetailed explanation of the first crypto-asset stock in HK and the first person to try itWhy doesn’t Metaplanet, Asia’s largest Bitcoin treasury company, buy the dip?Interpretation of Fusaka Upgrade: The Beginning of Ethereum’s “Data Hegemony”?The x402 V2 version is here. What are the major upgrades of the new protocol?What are the highlights of x402 protocol V2 version?J.P. Morgan turns against Wall Street: Hoards silver, blocks gold, shorts U.S. dollarFinTech 3.0: Stablecoin OrbitCARF: The next step for crypto asset regulation in Hong KongTrend Research: The blockchain revolution continues to be bullish on EthereumDTCC is approved to provide custody asset tokenization services to accelerate the popularity of digital assetsLessons learned from Farcaster: The current entrance to Web3 is not social but walletDo Kwon jailed for 15 years, prosecutors call $40 billion Luna crash a fraudA brutal truth about leverage, AI and BitcoinHashKey IPO: Asset Custody Legal StructureFed’s Monetary Policy Turn: Liquidity Injections and Economic Outlook for 2026a16z: 17 Crypto Trend Predictions for 2026OCC confirms: Banks can provide crypto intermediary services directly to customersa16z “Big Ideas for 2026: Part Two”The Fed is “passive” – ​​analysis of the December FOMC meetingThe Fed still starts printing money and releasing moneyAccount abstract research report: ETH account system intergenerational transition and the pattern of the next five yearsWill the Fed restart QE?RMP is here and the market wants to relive the good memories of 2019The evolution of the Latin American stablecoin market: from survival to growthI don’t regret investing eight years of my life in the crypto industryFrom Fusaka to Based Rollup: How far away is ETH value capture?Bitcoin liquidity has been reshaped. What new indicators should we pay attention to in the market?FOMC decision: Cut interest rate by 0.25, RMP 40 billion per month, unlimited overnight repurchaseThe Federal Reserve cuts interest rates by 25 basis points at the end of the year, and the market is obviously volatile. Where will it go in the future?Will the U.S. credit rating drop again?“Let me sing a pigeon for everyone”——December FOMC Comments + Press Conference MinutesPowell has an overtone: a well-designed “blame-breaking” and farewellTranscript of the Federal Reserve’s interest rate meeting in December 2025: RMP is comingDubai and Abu Dhabi Crypto Policy and Regulatory DirectionHuobi HTX Molly: The combination of encryption technology and traditional finance requires a closed loop of valueWill tokenization be more influential than AI?Didi is already a digital banking giant in Latin AmericaCFTC’s Rising Crypto PowerSEC Chairman predicts that the US financial market will move to the chain. Who will be the biggest winner?Tokenized Stocks and the Rise of Solana Platform xStocksRWA is like the “Internet of 1996” at the moment, but it will eventually reshape the financial industryThe Fed’s interest rate cut is almost a foregone conclusion. This meeting is more like a political stress test.Five pictures will help you understand: Where does the market go in every policy storm?Bitwise CIO: 2026 will be very strong and ICO will make a comebackReasons for cutting interest rates by 50 basis points: Weak employment, cooling inflation and divergence in the FedHashKey launches IPO: How much is Hong Kong’s “first crypto stock” worth?How companies can implement Singapore’s AI Risk Management GuidelinesUnicorn company Farcaster was forced to transform. Is Web3 social networking a false proposition?$5 Trillion in Consumer Debt: The Scary Thing No One Talks About the U.S. EconomyTrigger Solana “civil war”?What on earth are Kamino and Jupiter fighting about?Kalshi investors accuse Polymarket of exaggerating trading volume?Understand the ins and outsWhy Grayscale believes Bitcoin will ignore the four-year cycle this timeWhy does BTC always fall after the US stock market opens?Where will the money come from in the next bull market?The World Beyond SWIFT: Russia and Crypto’s Hidden EconomyMessari: Beyond Polymarket What market did Kalshi rely on to rise?25 years of copycat sickle: When Token is the only product and incomePossible deflationary shock: AI, demographics and policy force the Fed to actValued at US$1 billion, why Farcaster threw in the towel after five years of explorationBitwise CIO: How to Invest in CryptoOpinion: ETH used to be currency but is now replaced by stablecoinsThe undervalued Ethereum Fusaka upgrade: capacity expansion, fee reduction, inflation to deflationTCG in-depth research: US$8 billion in on-chain investment from Gacha to derivativesThe “currency premium” for L1 tokens is fadingWill China stop stablecoins?Wang Yongli’s explanation may not be enoughGlobal monetary policy transition: US reflation, yen appreciation and carry tradeUnderground Argentina: Young people living in poverty and the middle class returning to povertyGet to know Tether againCrypto Trend Outlook 2026Trump account: How ‘helicopter equity’ is reshaping American wealth and inequalityWhat to watch from the Federal Reserve this week: It’s not about interest rate cuts, but how the “6.5 trillion” will change?What Vanguard, Bank of America and Charles Schwab’s move into crypto meansCrypto mining companies’ profits are under pressure. Is tax planning the way to solve the problem?Is Bitcoin hitting bottom or entering a bear market?“Rare disagreement” in U.S. bond market: long-term bond yields rose instead of falling on the eve of rate cutWho are the Thirteen Ministries and the Seven Associations angry at?Multiple challenges for the U.S. economy: analysis of debt, inflation and monetary policy prospectsEthereum upgrade brings structural improvement and rebound opportunities are emergingThe next stage of RWA: financial infrastructure transformation and asset structure innovationWhy L1 Tokens Continue to Underperform BTCWill Web3 income be taxed in the country?Can L1 tokens compete with Bitcoin in the cryptocurrency space?Moore Thread Financing Story: Early investors’ returns have exceeded 6,200 timesLiquidity transfer hidden under the game between China and the United StatesWhat are the benefits of the Fusaka upgrade to Ethereum?Ethereum: The value transition from public chain infrastructure to global financial ecosystemStrategy Bitcoin Plan Analysis and Factors That May Affect Future Salesx402 protocol: payment revolution and compliance challenges in the machine economy eraFive key development directions of Web3 wallet in the futureThe U.S. government’s outstanding national debt exceeds $30 trillion for the first time, doubling from 2018Entering the Crypto Era: The Federal Reserve’s Strategic Turn and Global ImpactEthereum completes Fusaka upgrade, unlocking up to 8x data throughputHow long can the “decentralization cloak” of on-chain lending last?Bankless: A huge change in the Ethereum staking landscapeETFs are being listed together, but the currency price has not increased. Is it still a good thing if the ETF is approved?Why Prediction Markets Are Really Not Gambling PlatformsYZi Labs incubates 17 projects. See which hard-core tracks CZ and He Yi are betting on.Glassnode report: Is the market structure replicating the eve of the 2022 crash?Ethereum activates Fusaka upgrade to continue “expansion and efficiency improvement”
Sun. Dec 14th, 2025
Trending News: Is time spent in the crypto industry a waste of life?Let’s talk about the V2 upgrade of x402 and share some key pointsDetailed explanation of the first crypto-asset stock in HK and the first person to try itWhy doesn’t Metaplanet, Asia’s largest Bitcoin treasury company, buy the dip?Interpretation of Fusaka Upgrade: The Beginning of Ethereum’s “Data Hegemony”?The x402 V2 version is here. What are the major upgrades of the new protocol?What are the highlights of x402 protocol V2 version?J.P. Morgan turns against Wall Street: Hoards silver, blocks gold, shorts U.S. dollarFinTech 3.0: Stablecoin OrbitCARF: The next step for crypto asset regulation in Hong KongTrend Research: The blockchain revolution continues to be bullish on EthereumDTCC is approved to provide custody asset tokenization services to accelerate the popularity of digital assetsLessons learned from Farcaster: The current entrance to Web3 is not social but walletDo Kwon jailed for 15 years, prosecutors call $40 billion Luna crash a fraudA brutal truth about leverage, AI and BitcoinHashKey IPO: Asset Custody Legal StructureFed’s Monetary Policy Turn: Liquidity Injections and Economic Outlook for 2026a16z: 17 Crypto Trend Predictions for 2026OCC confirms: Banks can provide crypto intermediary services directly to customersa16z “Big Ideas for 2026: Part Two”The Fed is “passive” – ​​analysis of the December FOMC meetingThe Fed still starts printing money and releasing moneyAccount abstract research report: ETH account system intergenerational transition and the pattern of the next five yearsWill the Fed restart QE?RMP is here and the market wants to relive the good memories of 2019The evolution of the Latin American stablecoin market: from survival to growthI don’t regret investing eight years of my life in the crypto industryFrom Fusaka to Based Rollup: How far away is ETH value capture?Bitcoin liquidity has been reshaped. What new indicators should we pay attention to in the market?FOMC decision: Cut interest rate by 0.25, RMP 40 billion per month, unlimited overnight repurchaseThe Federal Reserve cuts interest rates by 25 basis points at the end of the year, and the market is obviously volatile. Where will it go in the future?Will the U.S. credit rating drop again?“Let me sing a pigeon for everyone”——December FOMC Comments + Press Conference MinutesPowell has an overtone: a well-designed “blame-breaking” and farewellTranscript of the Federal Reserve’s interest rate meeting in December 2025: RMP is comingDubai and Abu Dhabi Crypto Policy and Regulatory DirectionHuobi HTX Molly: The combination of encryption technology and traditional finance requires a closed loop of valueWill tokenization be more influential than AI?Didi is already a digital banking giant in Latin AmericaCFTC’s Rising Crypto PowerSEC Chairman predicts that the US financial market will move to the chain. Who will be the biggest winner?Tokenized Stocks and the Rise of Solana Platform xStocksRWA is like the “Internet of 1996” at the moment, but it will eventually reshape the financial industryThe Fed’s interest rate cut is almost a foregone conclusion. This meeting is more like a political stress test.Five pictures will help you understand: Where does the market go in every policy storm?Bitwise CIO: 2026 will be very strong and ICO will make a comebackReasons for cutting interest rates by 50 basis points: Weak employment, cooling inflation and divergence in the FedHashKey launches IPO: How much is Hong Kong’s “first crypto stock” worth?How companies can implement Singapore’s AI Risk Management GuidelinesUnicorn company Farcaster was forced to transform. Is Web3 social networking a false proposition?$5 Trillion in Consumer Debt: The Scary Thing No One Talks About the U.S. EconomyTrigger Solana “civil war”?What on earth are Kamino and Jupiter fighting about?Kalshi investors accuse Polymarket of exaggerating trading volume?Understand the ins and outsWhy Grayscale believes Bitcoin will ignore the four-year cycle this timeWhy does BTC always fall after the US stock market opens?Where will the money come from in the next bull market?The World Beyond SWIFT: Russia and Crypto’s Hidden EconomyMessari: Beyond Polymarket What market did Kalshi rely on to rise?25 years of copycat sickle: When Token is the only product and incomePossible deflationary shock: AI, demographics and policy force the Fed to actValued at US$1 billion, why Farcaster threw in the towel after five years of explorationBitwise CIO: How to Invest in CryptoOpinion: ETH used to be currency but is now replaced by stablecoinsThe undervalued Ethereum Fusaka upgrade: capacity expansion, fee reduction, inflation to deflationTCG in-depth research: US$8 billion in on-chain investment from Gacha to derivativesThe “currency premium” for L1 tokens is fadingWill China stop stablecoins?Wang Yongli’s explanation may not be enoughGlobal monetary policy transition: US reflation, yen appreciation and carry tradeUnderground Argentina: Young people living in poverty and the middle class returning to povertyGet to know Tether againCrypto Trend Outlook 2026Trump account: How ‘helicopter equity’ is reshaping American wealth and inequalityWhat to watch from the Federal Reserve this week: It’s not about interest rate cuts, but how the “6.5 trillion” will change?What Vanguard, Bank of America and Charles Schwab’s move into crypto meansCrypto mining companies’ profits are under pressure. Is tax planning the way to solve the problem?Is Bitcoin hitting bottom or entering a bear market?“Rare disagreement” in U.S. bond market: long-term bond yields rose instead of falling on the eve of rate cutWho are the Thirteen Ministries and the Seven Associations angry at?Multiple challenges for the U.S. economy: analysis of debt, inflation and monetary policy prospectsEthereum upgrade brings structural improvement and rebound opportunities are emergingThe next stage of RWA: financial infrastructure transformation and asset structure innovationWhy L1 Tokens Continue to Underperform BTCWill Web3 income be taxed in the country?Can L1 tokens compete with Bitcoin in the cryptocurrency space?Moore Thread Financing Story: Early investors’ returns have exceeded 6,200 timesLiquidity transfer hidden under the game between China and the United StatesWhat are the benefits of the Fusaka upgrade to Ethereum?Ethereum: The value transition from public chain infrastructure to global financial ecosystemStrategy Bitcoin Plan Analysis and Factors That May Affect Future Salesx402 protocol: payment revolution and compliance challenges in the machine economy eraFive key development directions of Web3 wallet in the futureThe U.S. government’s outstanding national debt exceeds $30 trillion for the first time, doubling from 2018Entering the Crypto Era: The Federal Reserve’s Strategic Turn and Global ImpactEthereum completes Fusaka upgrade, unlocking up to 8x data throughputHow long can the “decentralization cloak” of on-chain lending last?Bankless: A huge change in the Ethereum staking landscapeETFs are being listed together, but the currency price has not increased. Is it still a good thing if the ETF is approved?Why Prediction Markets Are Really Not Gambling PlatformsYZi Labs incubates 17 projects. See which hard-core tracks CZ and He Yi are betting on.Glassnode report: Is the market structure replicating the eve of the 2022 crash?Ethereum activates Fusaka upgrade to continue “expansion and efficiency improvement”
Sun. Dec 14th, 2025

Paradigm: The competition for sovereign states to establish BTC reserves has begun

Original title:Bitcoin for the Sovereign

Author: Matt Huang, founder of Paradigm; compiled by: 0xjs@Bitchain Vision

At the beginning of Paradigm in 2018, we firmly believed that the value of BTC (at the time of about US$4,000 per coin) would increase several times in the next few years, partly due to increased legitimacy and institutional adoption (for more reasons to be optimistic about BTC, please see the previous article”Preach Bitcoin to enlightened skeptics“).

But at that time, the possibility of sovereign states adopting BTC was still very small.Now it seems that the possibility is underestimated.

Currently, multiple sovereign states hold BTC, the most well-known of which is El Salvador.

Abu Dhabi sovereign wealth fund participates in Bitcoin mining.

US President-elect Donald Trump talks about strategic Bitcoin reserves on the stage of Bitcoin Nashville.

U.S. Senator Cynthia Lummis proposed a draft legislation on strategic Bitcoin reserves.

Forecast market platform Polymarket estimates that Trump is about 30% likely to establish strategic Bitcoin reserves.

So what?As Tyler Cowen likes to say, seeking solve for the equilibrium.The game theory equilibrium adopted by BTC has changed.

Sovereign states can no longer ignore BTC.From a game theory perspective, BTC is like gunpowder, not iPhone.Christopher Nolan can use an iPhone, and his intentional Ludeism may even lead to increased creativity.All computers that are not connected to the Internet are used).But once gunpowder is discovered, every sovereign state is forced to adopt it…or the consequences are terrible.Today, so are AI, drones and other key technologies.

Since the US adopts BTC’s Overton Window (Translator’s Note: Overton Window, a political theory that refers to the policy concept that was once flatly rejected is now widely discussed) has opened, other sovereign countriesI won’t wait.Sovereign states that establish BTC reserves in advance will benefit from significantly more favorable entry prices.

The competition for sovereign states to establish BTC reserves has begun.

    • jakiro

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