This article explores Tether’s strategic expansion into Thailand and summarizes key characteristics of the country’s digital asset regulatory framework. 1. Tether’s Gold Token (XAU₮) Launches in ThailandOn May 13, 2025, Tether, the issuer of USDT, announced the listing of its gold-backed token (XAU₮) on Thai digital asset exchange Maxbit. Each XAU₮ token represents 1 troy ounce of physical gold. This move follows two major developments:March 10, 2025: Thailand’s SEC officially recognized USDT...

By WuBlockchain | 2025/06/29 16:04 Among listed companies, only four currently hold Hong Kong virtual asset licenses: OSL, Guotai Junan International (01788.HK), Futu Holdings (FUTU.US), and UP Fintech (TIGR.US, also known as Tiger Brokers). Author: Aki Chen, WuBlockchain This article compiles publicly available information and does not represent the views of WuBlockchain. It does not provide investment advice. Readers must comply with local laws and regulations and refrain from participating...

"Show me the incentive and I will show you the outcome," a famous quote by Charlie Munger. Incentives are equally visible in the market. Exchanges can favor specific market participants by setting particular fee models, thereby indirectly influencing spreads and liquidity. They can also provide loans of corresponding value based on the scale of liquidity to encourage market makers to offer more liquidity. The possibilities are endless, but the key is to understand which incentives are needed ...

This article explores Tether’s strategic expansion into Thailand and summarizes key characteristics of the country’s digital asset regulatory framework. 1. Tether’s Gold Token (XAU₮) Launches in ThailandOn May 13, 2025, Tether, the issuer of USDT, announced the listing of its gold-backed token (XAU₮) on Thai digital asset exchange Maxbit. Each XAU₮ token represents 1 troy ounce of physical gold. This move follows two major developments:March 10, 2025: Thailand’s SEC officially recognized USDT...

By WuBlockchain | 2025/06/29 16:04 Among listed companies, only four currently hold Hong Kong virtual asset licenses: OSL, Guotai Junan International (01788.HK), Futu Holdings (FUTU.US), and UP Fintech (TIGR.US, also known as Tiger Brokers). Author: Aki Chen, WuBlockchain This article compiles publicly available information and does not represent the views of WuBlockchain. It does not provide investment advice. Readers must comply with local laws and regulations and refrain from participating...

"Show me the incentive and I will show you the outcome," a famous quote by Charlie Munger. Incentives are equally visible in the market. Exchanges can favor specific market participants by setting particular fee models, thereby indirectly influencing spreads and liquidity. They can also provide loans of corresponding value based on the scale of liquidity to encourage market makers to offer more liquidity. The possibilities are endless, but the key is to understand which incentives are needed ...

A Late-Stage Financialized Cycle A meme coin can 10× in a month and still bleed 20 % in a day, yet CT acts shocked. We are inside a bubble, but the bubble is only the symptom. Beneath it lie liquidity, distortion, and a civilization quietly crumbling under the weight of its own contradictions.The Liquidity Mirage The S&P 500 prints new all-time highs and the crowd cheers. Step back, though: the “record” is a mirage measured in a currency that has no backing and is inflated by everything. Adju...

A Late-Stage Financialized Cycle A meme coin can 10× in a month and still bleed 20 % in a day, yet CT acts shocked. We are inside a bubble, but the bubble is only the symptom. Beneath it lie liquidity, distortion, and a civilization quietly crumbling under the weight of its own contradictions.The Liquidity Mirage The S&P 500 prints new all-time highs and the crowd cheers. Step back, though: the “record” is a mirage measured in a currency that has no backing and is inflated by everything. Adju...

Funding-Rate Volatility: The Pain Point Perpetual-swap funding rates swing wildly, giving traders migraines. Pendle’s brand-new Boros module—live on Arbitrum since August 6, 2025—turns those very rates into a brand-new, fully on-chain asset class. Users can now hedge exposure or speculate on future funding-rate direction, while protocols such as Ethena finally get a tool to smooth their volatile yield streams. --- Funding-Rate 101 Perpetual contracts have no expiry, so exchanges use a “fundin...

Funding-Rate Volatility: The Pain Point Perpetual-swap funding rates swing wildly, giving traders migraines. Pendle’s brand-new Boros module—live on Arbitrum since August 6, 2025—turns those very rates into a brand-new, fully on-chain asset class. Users can now hedge exposure or speculate on future funding-rate direction, while protocols such as Ethena finally get a tool to smooth their volatile yield streams. --- Funding-Rate 101 Perpetual contracts have no expiry, so exchanges use a “fundin...

While the broader crypto market fluctuated, Hedera’s native token HBAR defied the trend: Surging 6x from its 2024 low (~$0.043) to hit a yearly peak of $0.29 in mid-July 2025. As of July 23, HBAR trades at $0.271, with a fully diluted market cap of ~$13.5B. Unlike projects with retail-heavy communities, HBAR thrives in relative quiet—backed by a powerhouse institutional network. Its rally stems from foundational drivers: TradFi adoption for asset tokenization, critical network upgrades ensuri...

While the broader crypto market fluctuated, Hedera’s native token HBAR defied the trend: Surging 6x from its 2024 low (~$0.043) to hit a yearly peak of $0.29 in mid-July 2025. As of July 23, HBAR trades at $0.271, with a fully diluted market cap of ~$13.5B. Unlike projects with retail-heavy communities, HBAR thrives in relative quiet—backed by a powerhouse institutional network. Its rally stems from foundational drivers: TradFi adoption for asset tokenization, critical network upgrades ensuri...

A Personal Mission on Ethereum’s Tenth Birthday Yesterday marked Ethereum’s tenth anniversary. Today I am publishing my own mission statement for the decade ahead: Lean Ethereum. We stand at the dawn of a new era—million-TPS throughput, looming quantum computers—and the question is no longer whether Ethereum can scale, but how it can scale while remaining both secure and decentralized. The decisive answer is that next-generation cryptography will be our dual-purpose weapon: simultaneously the...

A Personal Mission on Ethereum’s Tenth Birthday Yesterday marked Ethereum’s tenth anniversary. Today I am publishing my own mission statement for the decade ahead: Lean Ethereum. We stand at the dawn of a new era—million-TPS throughput, looming quantum computers—and the question is no longer whether Ethereum can scale, but how it can scale while remaining both secure and decentralized. The decisive answer is that next-generation cryptography will be our dual-purpose weapon: simultaneously the...

“On-chain” means you can’t escape the chain itself. On Ethereum, Solana, BNB Smart Chain, Base, and others, thousands of tokens are quietly deployed long before they ever reach a centralized exchange. Every coin you see on Binance or Coinbase was born on a chain first; the CEX listing is only Act Two. From Meme to Mega-Cap: Doge, PEPE, SHIB Take three household names—Doge, PEPE, and SHIB. All of them began as “shitcoins,” tokens with zero utility, no VCs, and nothing but a catchy story and an...

“On-chain” means you can’t escape the chain itself. On Ethereum, Solana, BNB Smart Chain, Base, and others, thousands of tokens are quietly deployed long before they ever reach a centralized exchange. Every coin you see on Binance or Coinbase was born on a chain first; the CEX listing is only Act Two. From Meme to Mega-Cap: Doge, PEPE, SHIB Take three household names—Doge, PEPE, and SHIB. All of them began as “shitcoins,” tokens with zero utility, no VCs, and nothing but a catchy story and an...

TL;DR Browser agents—AI that can click, scroll and fill forms like a human—are the next battleground for Big Tech. Yet Web2’s anti-bot fortress (CAPTCHAs, IP scores, behavioural fingerprints) keeps success rates below 30 %. Crypto offers four escape hatches: (1) native on-chain browsers, (2) TEE-backed secure agents, (3) crowdsourced human-traffic routing, and (4) new “Agent-Allowed” web standards. The winners will be whoever delivers utility × security × cross-site reliability—and DeFi’s ope...

TL;DR Browser agents—AI that can click, scroll and fill forms like a human—are the next battleground for Big Tech. Yet Web2’s anti-bot fortress (CAPTCHAs, IP scores, behavioural fingerprints) keeps success rates below 30 %. Crypto offers four escape hatches: (1) native on-chain browsers, (2) TEE-backed secure agents, (3) crowdsourced human-traffic routing, and (4) new “Agent-Allowed” web standards. The winners will be whoever delivers utility × security × cross-site reliability—and DeFi’s ope...

WalletConnect (now rebranded as Reown) is a core connectivity layer protocol within the Web3 ecosystem. Since its inception in 2018, it has evolved into critical infrastructure supporting over 40,000 dApps and 600+ wallets, facilitating more than 2.2 billion connections cumulatively. The project has expanded from its initial QR code scanning protocol to a comprehensive user experience layer encompassing AppKit and WalletKit, aiming to serve as a "digital passport" connecting users to the Web3...

WalletConnect (now rebranded as Reown) is a core connectivity layer protocol within the Web3 ecosystem. Since its inception in 2018, it has evolved into critical infrastructure supporting over 40,000 dApps and 600+ wallets, facilitating more than 2.2 billion connections cumulatively. The project has expanded from its initial QR code scanning protocol to a comprehensive user experience layer encompassing AppKit and WalletKit, aiming to serve as a "digital passport" connecting users to the Web3...