Decentralized Finance (DeFi), often compared to Traditional Finance (TradFi), has grown into a massive and exponentially expanding sector within Web3. Its mission aligns closely with the crypto mantra of "banking the unbanked." The promise of global financial services without banks is a noble goal—one that underpins much of Web3's appeal. This article revisits DeFi's evolution over the past year from today's perspective.OverviewTotal Value Locked (TVL) Hits $94.6B: While DeFi's TVL is substan...

Decentralized Finance (DeFi), often compared to Traditional Finance (TradFi), has grown into a massive and exponentially expanding sector within Web3. Its mission aligns closely with the crypto mantra of "banking the unbanked." The promise of global financial services without banks is a noble goal—one that underpins much of Web3's appeal. This article revisits DeFi's evolution over the past year from today's perspective.OverviewTotal Value Locked (TVL) Hits $94.6B: While DeFi's TVL is substan...

AAX Exchange Scandal: How Cryptocurrencies Become the "Black Glove" for Money Laundering?According to a report by NetEase's Qingliu Studio, Wang Shuiming, who was involved in Singapore's largest money laundering case, has been arrested in Montenegro and may be extradited to China. Su Weiyi, Wang's partner, has been confirmed as the mastermind behind the Hong Kong cryptocurrency scam platform AAX and was arrested by the Hong Kong police in July 2024.The AAX Platform IncidentAtom Asset (AAX) is...

AAX Exchange Scandal: How Cryptocurrencies Become the "Black Glove" for Money Laundering?According to a report by NetEase's Qingliu Studio, Wang Shuiming, who was involved in Singapore's largest money laundering case, has been arrested in Montenegro and may be extradited to China. Su Weiyi, Wang's partner, has been confirmed as the mastermind behind the Hong Kong cryptocurrency scam platform AAX and was arrested by the Hong Kong police in July 2024.The AAX Platform IncidentAtom Asset (AAX) is...

U.S. President Donald Trump recently signed an executive order formally implementing the "reciprocal tariff" policy, imposing a minimum base tariff of 10% on all trading partners and additional higher tariffs on over 60 countries/regions.1. Analysis of Trump's Reciprocal Tariff Policy1.1 Background and Motivation of the Tariff PolicyTrump has long advocated for an "America First" economic policy, emphasizing the reduction of trade deficits and attempting to protect U.S. manufacturing through ...

U.S. President Donald Trump recently signed an executive order formally implementing the "reciprocal tariff" policy, imposing a minimum base tariff of 10% on all trading partners and additional higher tariffs on over 60 countries/regions.1. Analysis of Trump's Reciprocal Tariff Policy1.1 Background and Motivation of the Tariff PolicyTrump has long advocated for an "America First" economic policy, emphasizing the reduction of trade deficits and attempting to protect U.S. manufacturing through ...

Bitcoin has long been the ultimate rollercoaster of the financial world. From its humble beginnings in 2009 as a niche digital experiment to its current status as a trillion-dollar asset class, Bitcoin has sparked debates about the future of money, wealth accumulation, and existential purpose. Now, with the latest halving event on April 19, 2024, new market dynamics are emerging, raising a tantalizing question: Could Bitcoin truly reach $1 million per coin? Let’s dive into the latest argument...

Bitcoin has long been the ultimate rollercoaster of the financial world. From its humble beginnings in 2009 as a niche digital experiment to its current status as a trillion-dollar asset class, Bitcoin has sparked debates about the future of money, wealth accumulation, and existential purpose. Now, with the latest halving event on April 19, 2024, new market dynamics are emerging, raising a tantalizing question: Could Bitcoin truly reach $1 million per coin? Let’s dive into the latest argument...

Nous Research Project Profile Nous Research is a decentralized AI research institute dedicated to integrating open-source AI models with blockchain technology. Its work involves developing high-performance language models, AI orchestration platforms, and a Solana-based decentralized AI protocol. By leveraging smart contracts, it enables on-chain autonomy for model training, inference, and incentives. The technical stack includes large language model optimization, multi-agent simulation, and d...

Nous Research Project Profile Nous Research is a decentralized AI research institute dedicated to integrating open-source AI models with blockchain technology. Its work involves developing high-performance language models, AI orchestration platforms, and a Solana-based decentralized AI protocol. By leveraging smart contracts, it enables on-chain autonomy for model training, inference, and incentives. The technical stack includes large language model optimization, multi-agent simulation, and d...

1. Evolutionary Trends in Token PerceptionPeople’s understanding of token launches stems from evolutionary trends—patterns that carry the memory of past profits. What matters isn’t just what happened before, but what worked before. Most participants aren’t betting on fundamentals; they’re trying to recreate moments when they made money, chasing past highs by repeating the same behaviors. The market today consists of three distinct cohorts, each shaped by their entry point:Pre-2018 "OGs" – See...

1. Evolutionary Trends in Token PerceptionPeople’s understanding of token launches stems from evolutionary trends—patterns that carry the memory of past profits. What matters isn’t just what happened before, but what worked before. Most participants aren’t betting on fundamentals; they’re trying to recreate moments when they made money, chasing past highs by repeating the same behaviors. The market today consists of three distinct cohorts, each shaped by their entry point:Pre-2018 "OGs" – See...

The internet has made information free and global. So why is money transfer still so difficult and expensive? The early internet promised a future where anyone could publish, build, or trade without permission. Protocols like email and the World Wide Web were open and neutral, sparking a burst of creativity, innovation, and entrepreneurship. But it veered off track over time. Today, the global financial system is like a patchwork of corporate networks: centralized, closed, and predatory. Behi...

The internet has made information free and global. So why is money transfer still so difficult and expensive? The early internet promised a future where anyone could publish, build, or trade without permission. Protocols like email and the World Wide Web were open and neutral, sparking a burst of creativity, innovation, and entrepreneurship. But it veered off track over time. Today, the global financial system is like a patchwork of corporate networks: centralized, closed, and predatory. Behi...

April 6, 2025 – The Hong Kong Convention and Exhibition Center hosted the annual blockchain extravaganza, the "2025 Hong Kong Web3 Carnival." As one of Asia’s most influential Web3 events, co-organized by Wanxiang Blockchain Labs and HashKey Group, with OKX Web3 as title sponsor, the gathering brought together top developers, investors, regulators, and industry leaders to explore cutting-edge blockchain innovations and financial evolution. This carnival wasn’t just a tech forum—it was a pivot...

April 6, 2025 – The Hong Kong Convention and Exhibition Center hosted the annual blockchain extravaganza, the "2025 Hong Kong Web3 Carnival." As one of Asia’s most influential Web3 events, co-organized by Wanxiang Blockchain Labs and HashKey Group, with OKX Web3 as title sponsor, the gathering brought together top developers, investors, regulators, and industry leaders to explore cutting-edge blockchain innovations and financial evolution. This carnival wasn’t just a tech forum—it was a pivot...

On June 5, stablecoin giant Circle made its debut on the New York Stock Exchange. Its stock price surged at the opening bell, triggering multiple trading halts and becoming a market sensation, delivering substantial returns to investors. Notably, the disclosed return for its Series C funding round exceeded 90x, suggesting earlier rounds likely yielded returns surpassing 100x. While the crypto market faced a pullback amid a heated public feud between Donald Trump and Elon Musk, Circle stole th...

On June 5, stablecoin giant Circle made its debut on the New York Stock Exchange. Its stock price surged at the opening bell, triggering multiple trading halts and becoming a market sensation, delivering substantial returns to investors. Notably, the disclosed return for its Series C funding round exceeded 90x, suggesting earlier rounds likely yielded returns surpassing 100x. While the crypto market faced a pullback amid a heated public feud between Donald Trump and Elon Musk, Circle stole th...