Blockchain

This article analyzes whether the NYSE's launch of 24/7 tokenized stock trading will impact perpetual stock DEXs (such as HIP-3). By examining factors such as access conditions, leverage constraints, asset characteristics, composability, and regulatory frameworks, it argues that the two serve entirely different user groups and market objectives. The article further clarifies the enduring value of on-chain perpetual contracts in terms of globalization, permissionless access, and high-leverage trading.

This article examines Superstate’s funding background, product evolution, and business model. It traces the company’s progression from a tokenized Treasury fund to a platform for on-chain equity issuance. Against the backdrop of policies advancing RWA tokenization, the article explores how on-chain issuance, settlement, and asset composability are transforming the foundations of capital market infrastructure, and assesses the real-world implications for institutional and retail investors alike.

This article examines how Nikita Bier, known as a "dopamine product manager," transitioned from developing viral social applications to overseeing product strategy at X. It analyzes his core philosophy of emotion-driven growth and, in the context of Elon Musk's super app strategy, discusses the financialization of social platforms, Gen Z's growing anxiety about wealth, and the deeper logic and potential risks behind the transformation of emotion into trading activity.

The article provides a practical blueprint spanning six major sectors and 26 specific investment opportunities, ranging from private AI agents and DeFi stablecoins to a revival of the metaverse.

The article particularly emphasizes the third-party endorsement and cross-boundary outreach value of media relations. Drawing on the case of Kalshi and practical "zero-to-one" operational principles—such as founders speaking personally and building trust—it offers cryptocurrency field founders a strategic approach to effectively navigate the information overload environment. This approach combines both a theoretical framework and practical execution.

Neynar’s acquisition of Farcaster—valued at more than $1 billion—has shaken up the Web3 social landscape. This article analyzes how Neynar has leveraged its developer tools, data gateways, and ties to Coinbase to make the leap from infrastructure provider to protocol controller. It also highlights the key inflection point as Farcaster moves from an open experiment to a commercialized platform.

Solana Mobile has officially launched the claim process for its native token, SKR. This article provides an in-depth analysis of the SKR issuance model, staking and governance mechanisms, and explores the critical variables that may transition the Seeker ecosystem from random airdrops to a sustainable development model.

The article forecasts that official backing will draw liquidity, set legal standards, and transform the brokerage landscape into crypto-native brokerages, with stablecoins serving as the global bridge for capital inflows.

Lens Protocol has fulfilled its mission, and Mask Network is stepping up to pioneer consumer-grade decentralized social networking. Mask manages Mastodon, reaching 1.9 million monthly active users, has acquired Orb with 50,000 users, and has built a product ecosystem featuring Firefly and Web3.bio. Bonfire has invested in more than 120 projects, establishing its role as the Tencent of Web3.

The article highlights AI's role as a "coprocessor" that expands decision-making and creative capacity, driving internal development to create unique competitive advantages, instead of competing in the crowded SaaS sector.

The article further breaks down five transition paths from a founder's perspective: shutdown, bounty platforms, Korean-style brand blogs, multi-platform expansion, and MCN-style management. It also highlights two unresolved structural core contradictions: incentive design and token value challenges.

Does the success of stablecoins and Bitcoin ETFs indicate that crypto finance is replacing TradFi? This article examines why traditional finance remains the institutional foundation enabling stablecoins and crypto ETFs, analyzing from perspectives of credit creation, settlement systems, and regulatory frameworks.

Cosmos application chain Noble has announced plans to migrate to an EVM L1. This article examines how this shift will affect liquidity and project retention across the Cosmos ecosystem. It further discusses the attractiveness of the EVM ecosystem for cross-chain development, alongside the challenges and opportunities that Cosmos IBC faces in this evolving landscape.

This article provides a comprehensive analysis of the critical issues confronting the token economy in 2025. Regulatory frameworks increasingly categorize decentralized projects under traditional securities or commodities. Token rights are frequently excluded from mergers and acquisitions, while protocol dividends are nearing the regulatory boundaries for securities classification. These developments highlight the underlying disconnect between token valuation and legal safeguards.

Pendle has launched the sPENDLE token upgrade, optimizing liquidity and income distribution mechanisms. Supported by Boros to expand the on-chain interest rate derivatives market, Pendle is accelerating the construction of DeFi fixed-income infrastructure for institutional clients.