
Multicoin: Why We Are Bullish on Ethena Long-Term
Summary Multicoin Capital announced an investment in the ENA token of the Ethena protocol and elaborated on the core logic for their long-term bullish outlook. Ethena issues the synthetic dollar stablecoin USDe, which has become the third-largest digital dollar stablecoin and achieves over 10% annualized yield via a basis trade strategy. Core Thesis * Market Positioning: Ethena sits at the convergence of three major trends: stablecoins, the "perpification" of assets, and asset tokenization, e...

Multicoin: Why We Are Bullish on Ethena Long-Term
Summary Multicoin Capital announced an investment in the ENA token of the Ethena protocol and elaborated on the core logic for their long-term bullish outlook. Ethena issues the synthetic dollar stablecoin USDe, which has become the third-largest digital dollar stablecoin and achieves over 10% annualized yield via a basis trade strategy. Core Thesis * Market Positioning: Ethena sits at the convergence of three major trends: stablecoins, the "perpification" of assets, and asset tokenization, e...

In-Depth Analysis: How is Sentient Building a Sustainable AI Ecosystem for Everyone? Tiger Research
The AI field is currently dominated by a few large tech companies, posing risks of centralization and opaque policies, while purely open-source models face sustainability challenges. The Sentient project proposes building a decentralized Artificial General Intelligence (AGI) ecosystem to address these issues through the following core components:GRID (Global Research & Intelligence Directory): An open collaborative network aggregating models, agents, and tools contributed by developers worldw...

In-Depth Analysis: How is Sentient Building a Sustainable AI Ecosystem for Everyone? Tiger Research
The AI field is currently dominated by a few large tech companies, posing risks of centralization and opaque policies, while purely open-source models face sustainability challenges. The Sentient project proposes building a decentralized Artificial General Intelligence (AGI) ecosystem to address these issues through the following core components:GRID (Global Research & Intelligence Directory): An open collaborative network aggregating models, agents, and tools contributed by developers worldw...

Web3 Founders’ Dilemma: To Open-Source or Not?
The “Political Correctness” of Open Code In Web3, “don’t trust, verify” is gospel. A closed repo smells like centralisation, scares away users and makes investors ask hard questions. The ethos traces back to Bitcoin’s 2009 SourceForge drop: no licence, no audit firm—just raw code anyone could compile. Transparency became the price of admission.What Open-Source Gives YouInstant legitimacy – anyone can audit for back-doors.Free labour – community PRs beat paid QA.Standard-setting power – Ethere...

Web3 Founders’ Dilemma: To Open-Source or Not?
The “Political Correctness” of Open Code In Web3, “don’t trust, verify” is gospel. A closed repo smells like centralisation, scares away users and makes investors ask hard questions. The ethos traces back to Bitcoin’s 2009 SourceForge drop: no licence, no audit firm—just raw code anyone could compile. Transparency became the price of admission.What Open-Source Gives YouInstant legitimacy – anyone can audit for back-doors.Free labour – community PRs beat paid QA.Standard-setting power – Ethere...

U.S. SEC's New Rules Render Decision Dates "Moot": Which of the Five Major Candidates Will Pass the Crypto ETF Approval in October?
Following the U.S. SEC's approval of a universal listing standard for spot crypto ETFs, shifting its regulatory approach from "case-by-case approval" to "standardized efficiency," the original decision deadlines for numerous applications have effectively become moot. The new rules create a "fast track" for crypto asset ETFs meeting specific criteria, primarily targeting assets with CFTC-regulated futures contracts existing for over six months. The SEC has requested that ETF applicants for XRP...

U.S. SEC's New Rules Render Decision Dates "Moot": Which of the Five Major Candidates Will Pass the Crypto ETF Approval in October?
Following the U.S. SEC's approval of a universal listing standard for spot crypto ETFs, shifting its regulatory approach from "case-by-case approval" to "standardized efficiency," the original decision deadlines for numerous applications have effectively become moot. The new rules create a "fast track" for crypto asset ETFs meeting specific criteria, primarily targeting assets with CFTC-regulated futures contracts existing for over six months. The SEC has requested that ETF applicants for XRP...

What Happens When a 32 %-in-Five-Months Rally Meets a Rate-Cutting Fed?
I. A $14-Trillion Rocket Ship Nears the Rate Cliff Since the April low the S&P 500 has surged 32 %, adding roughly fourteen trillion dollars of market value—almost one China’s GDP strapped to the nose of a single index. Next Wednesday the Federal Reserve is expected to restart the cutting cycle with a 25-basis-point reduction and to signal another 150 bp over the next twelve months. The collision between a liquidity-drunk bull and a macro inflection point is no longer academic; it is schedule...

What Happens When a 32 %-in-Five-Months Rally Meets a Rate-Cutting Fed?
I. A $14-Trillion Rocket Ship Nears the Rate Cliff Since the April low the S&P 500 has surged 32 %, adding roughly fourteen trillion dollars of market value—almost one China’s GDP strapped to the nose of a single index. Next Wednesday the Federal Reserve is expected to restart the cutting cycle with a 25-basis-point reduction and to signal another 150 bp over the next twelve months. The collision between a liquidity-drunk bull and a macro inflection point is no longer academic; it is schedule...