While GDP appears stable, nonfarm payrolls disappoint, and Fed rate cut whispers grow louder. Recent U.S. economic data paints a paradoxical picture: Q2 GDP rebounded to 3.0% annualized growth (from -0.5% in Q1), yet July nonfarm payrolls added just 73K jobs—the weakest since June 2020. For crypto investors, these aren’t just headlines; they’re signals that the Fed’s monetary policy, the "invisible hand" guiding crypto markets, is shifting.1. The U.S. Economy: Braking Hard Beneath the Surface...

While GDP appears stable, nonfarm payrolls disappoint, and Fed rate cut whispers grow louder. Recent U.S. economic data paints a paradoxical picture: Q2 GDP rebounded to 3.0% annualized growth (from -0.5% in Q1), yet July nonfarm payrolls added just 73K jobs—the weakest since June 2020. For crypto investors, these aren’t just headlines; they’re signals that the Fed’s monetary policy, the "invisible hand" guiding crypto markets, is shifting.1. The U.S. Economy: Braking Hard Beneath the Surface...

Making DeFi Accessible to Everyone This report by Tiger Research analyzes Wayfinder's innovations in AI-driven DeFi infrastructure and its impact on blockchain accessibility.TL;DRDeFi claims to be open to all, but its complexity deters average investors. From preparing gas fees to navigating intricate protocols, many users abandon promising opportunities due to convoluted processes. Wayfinder is an on-chain AI agent system designed to solve these accessibility issues. Without needing technica...

Making DeFi Accessible to Everyone This report by Tiger Research analyzes Wayfinder's innovations in AI-driven DeFi infrastructure and its impact on blockchain accessibility.TL;DRDeFi claims to be open to all, but its complexity deters average investors. From preparing gas fees to navigating intricate protocols, many users abandon promising opportunities due to convoluted processes. Wayfinder is an on-chain AI agent system designed to solve these accessibility issues. Without needing technica...

Block.one’s crypto exchange Bullish has revived its IPO plans after a failed attempt years ago. Armed with substantial early Bitcoin reserves and heavyweight traditional capital backing, the platform is making another push into public markets—despite challenges like revenue pressure and high client concentration.Regulatory Tailwinds and Capital Backing Fuel RelaunchOn July 18, Bullish filed for an IPO with the U.S. SEC, aiming to list on the NYSE under the ticker "BLSH." Top-tier banks, inclu...

Block.one’s crypto exchange Bullish has revived its IPO plans after a failed attempt years ago. Armed with substantial early Bitcoin reserves and heavyweight traditional capital backing, the platform is making another push into public markets—despite challenges like revenue pressure and high client concentration.Regulatory Tailwinds and Capital Backing Fuel RelaunchOn July 18, Bullish filed for an IPO with the U.S. SEC, aiming to list on the NYSE under the ticker "BLSH." Top-tier banks, inclu...

Ethereum's growth narrative is shifting from "scaling" to the spillover and integration of the "application layer." Its development has moved from the infrastructure phase into a period of application explosion and ecosystem reshaping, with a trillion-dollar "second curve" now taking form. Switching Growth Engines: As Layer-2 (L2) scaling solutions mature, Ethereum has largely addressed its performance issues. However, it now faces competition from public chains like Solana and the entry of t...

Ethereum's growth narrative is shifting from "scaling" to the spillover and integration of the "application layer." Its development has moved from the infrastructure phase into a period of application explosion and ecosystem reshaping, with a trillion-dollar "second curve" now taking form. Switching Growth Engines: As Layer-2 (L2) scaling solutions mature, Ethereum has largely addressed its performance issues. However, it now faces competition from public chains like Solana and the entry of t...

Merely four days after Bitcoin hit a new all-time high, the crypto market experienced an unprecedented "10/10 Flash Crash." Major cryptocurrencies plummeted by double-digit percentages, numerous altcoins went to zero, several exchanges teetered on the brink of bankruptcy, and automatic deleveraging mechanisms were triggered. Although Trump's election victory was seen as a positive for the industry, crypto asset prices remained depressed, and the ratio of the total crypto market cap to the S&P...

Merely four days after Bitcoin hit a new all-time high, the crypto market experienced an unprecedented "10/10 Flash Crash." Major cryptocurrencies plummeted by double-digit percentages, numerous altcoins went to zero, several exchanges teetered on the brink of bankruptcy, and automatic deleveraging mechanisms were triggered. Although Trump's election victory was seen as a positive for the industry, crypto asset prices remained depressed, and the ratio of the total crypto market cap to the S&P...

The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have jointly issued a statement for the first time, planning enhanced collaboration to advance areas such as crypto assets, DeFi, prediction markets, and perpetual contracts. The aim is to boost U.S. competitiveness in the global capital markets. Key objectives include:Opening U.S. crypto markets to foreign trading platforms, introducing perpetual contracts, and exploring 24/7 trading.Clarify...

The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have jointly issued a statement for the first time, planning enhanced collaboration to advance areas such as crypto assets, DeFi, prediction markets, and perpetual contracts. The aim is to boost U.S. competitiveness in the global capital markets. Key objectives include:Opening U.S. crypto markets to foreign trading platforms, introducing perpetual contracts, and exploring 24/7 trading.Clarify...

Bitcoin treasury companies (publicly traded companies that hold Bitcoin as a reserve asset) may shift from being market stabilizers to becoming major sellers, triggering a spiral decline in Bitcoin's price. This scenario is based on the interaction between corporate financial metrics (such as market-to-net asset value ratio, mNAV) and market psychology, revealing the potential fragility of institutional behavior in the cryptocurrency market.Core Scenario LogicInitial BackgroundEntities: 10 Bi...

Bitcoin treasury companies (publicly traded companies that hold Bitcoin as a reserve asset) may shift from being market stabilizers to becoming major sellers, triggering a spiral decline in Bitcoin's price. This scenario is based on the interaction between corporate financial metrics (such as market-to-net asset value ratio, mNAV) and market psychology, revealing the potential fragility of institutional behavior in the cryptocurrency market.Core Scenario LogicInitial BackgroundEntities: 10 Bi...

The U.S. Securities and Exchange Commission (SEC) is set to issue final decisions on at least 16 spot altcoin ETF applications in October 2025, covering assets including SOL, XRP, LTC, DOGE, ADA, and HBAR. The SEC has accelerated its review process, shortening the timeline to under 75 days through new universal listing standards, and has withdrawn 19b-4 filings from some issuers. Key decision dates include: Canary's LTC ETF (October 2), Grayscale's Solana and LTC trust conversions (October 10...

The U.S. Securities and Exchange Commission (SEC) is set to issue final decisions on at least 16 spot altcoin ETF applications in October 2025, covering assets including SOL, XRP, LTC, DOGE, ADA, and HBAR. The SEC has accelerated its review process, shortening the timeline to under 75 days through new universal listing standards, and has withdrawn 19b-4 filings from some issuers. Key decision dates include: Canary's LTC ETF (October 2), Grayscale's Solana and LTC trust conversions (October 10...

As an emerging digital asset, Bitcoin is gradually challenging gold’s status as a traditional store of value. This article analyzes the three core functions of money—medium of exchange, unit of account, and store of value—to explore why gold historically became the dominant asset for wealth preservation, citing its scarcity, durability, portability, divisibility, and social consensus. However, gold also faces four key limitations: high storage costs, difficulty in liquidation during crises, p...

As an emerging digital asset, Bitcoin is gradually challenging gold’s status as a traditional store of value. This article analyzes the three core functions of money—medium of exchange, unit of account, and store of value—to explore why gold historically became the dominant asset for wealth preservation, citing its scarcity, durability, portability, divisibility, and social consensus. However, gold also faces four key limitations: high storage costs, difficulty in liquidation during crises, p...

The Race to Sell Apple and Tesla for Stablecoins More than thirty crypto-trading venues—ten of them with >10 million users each—now list “tokenized US equities”. Bybit (70 M), Gate (30 M), Kraken (15 M), OKX Wallet (55 M), Phantom (15 M), Robinhood itself (27 M), Moonshot (20 M) and two unicorns (Bitget, Trust Wallet) let anyone swap USDC or USDT for a blockchain receipt that tracks AAPL, TSLA, NVDA, etc. No KYC, no brokerage account, no clearing house. In the first three months xStocks, the ...

The Race to Sell Apple and Tesla for Stablecoins More than thirty crypto-trading venues—ten of them with >10 million users each—now list “tokenized US equities”. Bybit (70 M), Gate (30 M), Kraken (15 M), OKX Wallet (55 M), Phantom (15 M), Robinhood itself (27 M), Moonshot (20 M) and two unicorns (Bitget, Trust Wallet) let anyone swap USDC or USDT for a blockchain receipt that tracks AAPL, TSLA, NVDA, etc. No KYC, no brokerage account, no clearing house. In the first three months xStocks, the ...