Blockchain

Why do top hedge funds—despite charging fees many times higher and often underperforming the broader market—continue to attract institutional capital? From the perspectives of factor neutrality, high Sharpe ratios, and portfolio efficiency, this article explains the core value hedge funds actually sell, and the scarce return characteristics that index funds cannot replace.

NIGHT is nearing $10 billion in daily trading volume, sparking renewed attention on the Cardano ecosystem. This article examines the structural drivers behind NIGHT's breakout, exploring Midnight's privacy sidechain design, dual-token system, and mass distribution approach. It also reviews Cardano's strategic plan to boost ecosystem engagement, interoperability, and capital allocation through 2026.

During a period marked by failed narratives and widespread speculation in the crypto space, this article begins with Bitcoin and reframes cryptocurrency as a faith-driven capital market. Drawing parallels among religion, secularization, and meme culture, the author contends that crypto’s fundamental value is rooted in the decentralized consolidation of consensus, not in technical efficiency. Memes, therefore, represent a contemporary manifestation of faith-based assets—not mere vehicles for speculative bubbles.

This article examines the differing priorities between institutional demand for BlackRock's BUIDL and Vitalik's privacy-first philosophy. It also warns of the dangers posed by 150ms block bot monopolies and the looming quantum hard fork crisis.

This article reveals that financial institutions such as the Federal Reserve and syndicates are concerned that STRC's scarcity engine will absorb fiat liquidity and disrupt their dominance over derivatives markets. Drawing a parallel to the monetary restructuring of 1913, the article forecasts the emergence of an era defined by sovereign Bitcoin reserves.

The article analyzes how Caroline Pham’s statements could redirect $112 billion of Bitcoin ETF capital toward direct trading, explains how clearing and margin mechanisms reduce offshore risk while facilitating hedging and leveraged oversight, and forecasts $600 million to $2 billion in daily institutional inflows.

The article highlights how the asset-neutral model presents a disruptive challenge to the XRP bridge strategy as TradFi and DeFi converge.

This article reviews the era of privacy coins like Zcash and Monero, analyzes the reasons behind their decline, and delves into the rise of programmable privacy protocols in 2025 (such as Aztec, Penumbra, Nocturne, FHE, etc.). Focusing on compliance, composability, and real-world applications, the article evaluates whether the new privacy ecosystem can initiate a long-term recovery. It combines market data and project whitepapers to provide neutral assessments and practical investment insights—ideal for crypto enthusiasts and researchers.

This article analyzes YouTube's PYUSD payment update, clarifying that revenue remains denominated as before, with the sole change being the introduction of stablecoin as a payment method. It underscores the benefits of around-the-clock settlement and enhanced cross-border capabilities, but also cautions about increased tax complexity and potential platform risks.

The article analyzes the trends behind a 50% surge in LLM-related programming queries and a 72× expansion in AI platform valuations, highlights early-stage platforms such as Dreamspace, Poof, and RemixGG, and forecasts that by 2026, degens will be able to build SocialFi and GameFi innovations without writing code.

Space has announced the public sale of its native token, $SPACE. As a prediction market on Solana that supports up to 10x leverage, Space employs a unified settlement price and a variable allocation fair price discovery mechanism. The platform allocates 50% of its revenue to buy back and burn tokens. This article delivers a detailed breakdown of the public sale parameters, participation procedures, tiered benefits, and the tokenomics model, giving readers a thorough understanding of the offering.

Vaults are not merely yield tools—they are the price of risk. By comparing real return data across a century of financial markets, this article builds a “yield ladder” framework to reveal the economic essence of DeFi vaults: they are portfolios with APIs, whose yields correspond to clearly defined credit, liquidity, leverage, and structural risks. The article helps readers rethink vaults, RWAs, and on-chain asset management through a risk-based lens, avoiding being misled by single-APY narratives.

Break down the risks associated with exchange delisting and market segmentation strategies. Predict the emergence of two primary camps: privacy-centric professional communities and enterprise-grade auditable pools. Identify commercially viable pathways for survival as regulatory constraints become more stringent.

Stargate leads the way in integration, offering seamless plug-and-play compatibility with more than 2,600 protocol wallets. This accelerates institutional-grade RWA integration into DeFi, enabling hundreds of assets to move fluidly across multiple blockchains while driving democratized access to the U.S. market.

The article forecasts explosive growth potential even if RWAs capture just 2% of a USD 1.6 trillion market, emphasizing how portability can break traditional platform lock-in and intermediary friction, and revealing a new path for the standardized distribution of private credit.