When a technological paradigm truly shifts, we often see the frenzy before the system. The same is true for the AI wave we are experiencing. As a primary investor, I firmly believe that betting on the deepest forces of change in an industry is far more valuable than chasing superficial narratives. Over the past year, I’ve reviewed countless projects—RWA, Consumer, InfoFi, and more—all exploring the intersection between the real world and on-chain systems. But the trend is becoming increasingl...

When a technological paradigm truly shifts, we often see the frenzy before the system. The same is true for the AI wave we are experiencing. As a primary investor, I firmly believe that betting on the deepest forces of change in an industry is far more valuable than chasing superficial narratives. Over the past year, I’ve reviewed countless projects—RWA, Consumer, InfoFi, and more—all exploring the intersection between the real world and on-chain systems. But the trend is becoming increasingl...

Introduction: The Stealthy War in the Cross-Chain "No Man's Land" The 2025 crypto market is quietly witnessing a covert war: while LayerZero holds 70% of cross-chain transactions and Wormhole builds a security barrier with multi-signature mechanisms, a "technical task force" led by Polychain Capital is quietly infiltrating the deep waters of the cross-chain track. The news of t3rn (TRN) completing a $7.85 million financing round was like a bomb dropped into a calm lake—not only because of the...

Introduction: The Stealthy War in the Cross-Chain "No Man's Land" The 2025 crypto market is quietly witnessing a covert war: while LayerZero holds 70% of cross-chain transactions and Wormhole builds a security barrier with multi-signature mechanisms, a "technical task force" led by Polychain Capital is quietly infiltrating the deep waters of the cross-chain track. The news of t3rn (TRN) completing a $7.85 million financing round was like a bomb dropped into a calm lake—not only because of the...

Regulatory Breakthrough: SEC Accelerates Solana ETF ReviewOn June 11, the U.S. SEC notified multiple institutions proposing Solana spot ETFs to resubmit amended S-1 filings within seven days, focusing on refining language around "in-kind redemption mechanisms" and "staking provisions." This move, interpreted as a clear regulatory shift, ignited bullish sentiment. SOL surged past $165, marking a 5% intraday gain. Investors now speculate Solana could become the third crypto asset (after BTC and...

Regulatory Breakthrough: SEC Accelerates Solana ETF ReviewOn June 11, the U.S. SEC notified multiple institutions proposing Solana spot ETFs to resubmit amended S-1 filings within seven days, focusing on refining language around "in-kind redemption mechanisms" and "staking provisions." This move, interpreted as a clear regulatory shift, ignited bullish sentiment. SOL surged past $165, marking a 5% intraday gain. Investors now speculate Solana could become the third crypto asset (after BTC and...

Executive SummaryHumanoid general-purpose robots are rapidly transitioning from science fiction to reality. Declining hardware costs, surging capital investment, and breakthroughs in mobility and dexterity are converging to drive the next major computing platform shift. Despite commoditized computing power and hardware lowering engineering costs, the industry remains bottlenecked by training data scarcity. Reborn is among the few projects leveraging Decentralized Physical AI (DePAI) to crowds...

1⃣ The Origin of Decentralization: A Revolt Against Broken TrustIn 2009, the Bitcoin genesis block declared: "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks." This wasn’t just a statement—it was a manifesto. We lost faith in the old system and sought a trustless new world. 📌 Thus, "decentralized money, data, and identity" became the three sacred pillars of our belief.2⃣ Beautiful in Theory, Brutal in RealityThe three core ideals of decentralization: ✅ Permissionless (A...

I. Capital Surge: The Industry Transformation Signal Behind the $49 Million Financing At this historic moment of deep integration between Web3 and AI, a startup named Sahara AI is reshaping the industry landscape with astonishing momentum. In August 2024, Binance Labs, Pantera Capital, and Polychain Capital—three top-tier crypto venture capital firms—jointly led a $43 million Series A funding round. Combined with the $6 million seed round led by Polychain Capital in March, Sahara AI has raise...

IntroductionSince the birth of Bitcoin, its repeated price surges have fueled a global cryptocurrency frenzy. At its peak, Bitcoin surpassed $100,000, and the total market capitalization of cryptocurrencies even briefly exceeded the global circulation of the US dollar. This boom led to the proliferation of cryptocurrency trading platforms and the rise of over-the-counter (OTC) transactions facilitated by USDT. Under China’s current policies, some individuals use crypto assets to privately exc...

Preface Cryptocurrencies are supposed to be free from centralized control—money that no one can freeze or control. Last week, Sui's Cetus protocol suffered a $223 million attack, and the team urgently froze $162 million in funds. However, this also sparked a fierce debate: If a blockchain can suspend your funds, is cryptocurrency truly unstoppable as it claims? Here is the timeline of the latest "decentralization" drama in the cryptocurrency world:How fake tokens evaporated $223 million in te...

The Failure of Binance Alpha 1.0 and the Strategic Shift to Alpha 2.0Binance Alpha 1.0, designed as Binance’s bridge to on-chain liquidity, failed due to setbacks with the Binance Wallet. Before the upgrade, trading volume and user numbers hit record lows, with the total daily trading volume of all Alpha tokens falling below $10 million and daily transactions under 10,000—paling in comparison to Binance’s centralized exchange volume. Not only did it fail to attract on-chain users and liquidit...

A deep dive into Web3 parallel computing. The "Blockchain Trilemma" of security, decentralization, and scalability reveals the fundamental trade-offs in blockchain system design: it is extremely difficult for blockchain projects to simultaneously achieve maximum security, universal participation, and high-speed processing. Focusing on the eternal topic of scalability, the mainstream blockchain scaling solutions in the market can be categorized into paradigms such as:Execution-Enhanced Scaling...

Executive SummaryHumanoid general-purpose robots are rapidly transitioning from science fiction to reality. Declining hardware costs, surging capital investment, and breakthroughs in mobility and dexterity are converging to drive the next major computing platform shift. Despite commoditized computing power and hardware lowering engineering costs, the industry remains bottlenecked by training data scarcity. Reborn is among the few projects leveraging Decentralized Physical AI (DePAI) to crowds...

1⃣ The Origin of Decentralization: A Revolt Against Broken TrustIn 2009, the Bitcoin genesis block declared: "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks." This wasn’t just a statement—it was a manifesto. We lost faith in the old system and sought a trustless new world. 📌 Thus, "decentralized money, data, and identity" became the three sacred pillars of our belief.2⃣ Beautiful in Theory, Brutal in RealityThe three core ideals of decentralization: ✅ Permissionless (A...

I. Capital Surge: The Industry Transformation Signal Behind the $49 Million Financing At this historic moment of deep integration between Web3 and AI, a startup named Sahara AI is reshaping the industry landscape with astonishing momentum. In August 2024, Binance Labs, Pantera Capital, and Polychain Capital—three top-tier crypto venture capital firms—jointly led a $43 million Series A funding round. Combined with the $6 million seed round led by Polychain Capital in March, Sahara AI has raise...

IntroductionSince the birth of Bitcoin, its repeated price surges have fueled a global cryptocurrency frenzy. At its peak, Bitcoin surpassed $100,000, and the total market capitalization of cryptocurrencies even briefly exceeded the global circulation of the US dollar. This boom led to the proliferation of cryptocurrency trading platforms and the rise of over-the-counter (OTC) transactions facilitated by USDT. Under China’s current policies, some individuals use crypto assets to privately exc...

Preface Cryptocurrencies are supposed to be free from centralized control—money that no one can freeze or control. Last week, Sui's Cetus protocol suffered a $223 million attack, and the team urgently froze $162 million in funds. However, this also sparked a fierce debate: If a blockchain can suspend your funds, is cryptocurrency truly unstoppable as it claims? Here is the timeline of the latest "decentralization" drama in the cryptocurrency world:How fake tokens evaporated $223 million in te...

The Failure of Binance Alpha 1.0 and the Strategic Shift to Alpha 2.0Binance Alpha 1.0, designed as Binance’s bridge to on-chain liquidity, failed due to setbacks with the Binance Wallet. Before the upgrade, trading volume and user numbers hit record lows, with the total daily trading volume of all Alpha tokens falling below $10 million and daily transactions under 10,000—paling in comparison to Binance’s centralized exchange volume. Not only did it fail to attract on-chain users and liquidit...

A deep dive into Web3 parallel computing. The "Blockchain Trilemma" of security, decentralization, and scalability reveals the fundamental trade-offs in blockchain system design: it is extremely difficult for blockchain projects to simultaneously achieve maximum security, universal participation, and high-speed processing. Focusing on the eternal topic of scalability, the mainstream blockchain scaling solutions in the market can be categorized into paradigms such as:Execution-Enhanced Scaling...