2026-01-09 05:23:45

Recent developments in the crypto market are quite intriguing. The AI giants' fundraising and spending pace has hit new highs, with data center construction, top talent competition, and robot software development all being major money burners. Quarterly losses continue to widen—under this model, bets on emerging technologies seem endless.

Traditional finance is not idle either. Morgan Stanley plans to launch a digital wallet this year to embrace tokenized assets, causing a sudden spike in institutional interest and seemingly paving the way for a new era. But the reality is, market makers and investors are finding it increasingly difficult.

According to the latest statement from Wintermute CEO, their project approval rate for 2025 is only 4%—yes, you read that right, it's harder than finding a job. The old broad-investment approach is now history; now it's about selecting the best and even considering market sentiment.

What’s more painful is the market liquidity issue. A sudden crash of a certain token directly hit market makers' bottom line. They were forced to hold large amounts of tokens they couldn't offload, and overall market liquidity has fallen back to lows not seen since 2022. In other words, if you want to execute a quick trade now? The difficulty level has maxed out.

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ForkTongue

· 16h ago

Wait, a 4% pass rate? This isn't investing, it's playing Russian roulette haha AI is burning money like a bottomless pit, while liquidity is directly frozen. It feels like the entire market is self-destructing Morgan Stanley's digital wallet can save the world? Dream on Difficult financing, poor liquidity, and having to look at market sentiment... brothers, life is really tough Why can AI burn money infinitely, but market makers have to be stuck in low liquidity? Who set these game rules

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BearEatsAll

· 01-09 05:48

4% pass rate? Ha, how miserable must that be --- AI burning money without bottom line, but why do we still have to take the fall --- Liquidity explosion, market makers are bleeding, retail investors can forget it --- JPMorgan Chase embraces tokenization, but the underlying logic is still the same, can you trust it? --- The nightmare of 2022 is back, I just want to know who still dares to buy the dip --- Investment success rate is 4%, Wintermute, are you choosing fund managers or projects? --- Holding tokens without a way out, that's the real "being trapped," hilarious --- Always burning money in AI, crypto circles with liquidity exhaustion, how do you play this? --- Already said that the net-spreading approach won't work, are you regretting it now? --- Token plummeting directly breaks through market makers, in plain words, no one is supporting the market

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DegenDreamer

· 01-09 05:39

Oh my, a 4% approval rate? That's more than the offers I was rejected from, haha. --- AI keeps burning money endlessly, while our liquidity has completely dried up. How are we supposed to do business? --- Morgan Stanley is developing a tokenized wallet? Wake up, friend, market makers are almost dead. --- Market makers can't even stockpile coins to sell now. I just want to know who’s taking the other side... --- From casting a wide net to a 4% approval rate, this survival of the fittest is really brutal. --- Liquidity has fallen back to 2022 levels. Damn, does this mean we have to wait for another bull market? --- AI funding keeps burning money without end, while crypto investments are becoming more cautious year by year. Is it about time to reverse the strategy?

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TokenomicsPolice

· 01-09 05:32

4% pass rate? Ha, that's even faster than the growth rate of new investors. --- AI keeps burning money, and our liquidity has collapsed again. Who will save the market makers? --- Morgan Stanley launching a digital wallet? Wake up, the market has already frozen. --- Token hoarding is unavoidable, is this the "New Era" now? That's hilarious. --- From broad casting to a 4% pass rate, this change is quite rapid... Where did all the money go? --- The liquidity hell of 2022 is back again; the cycle is really ruthless. --- Fundraising burns money endlessly, but investors are picky. This game is really intense.

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FloorPriceWatcher

· 01-09 05:31

4% pass rate? Laughable, these days investing is harder than finding a job. --- AI is burning money like an endless pit, while our liquidity has directly reverted to 2022, truly remarkable. --- Morgan Stanley is developing a digital wallet, sounds impressive, but now even market makers can't fill the gaps created by token crashes... --- Tokens plummeting and breaking below the bottom line—market making is really too difficult. --- So the current logic is: big companies burn money on AI, retail investors are trapped in liquidity? --- Wintermute's 4% pass rate totally broke my defense; this is more competitive than fundraising. --- The early days of broad-spectrum investing are dead; now you have to pick the best and watch the market sentiment—it's really competitive. --- Is no one talking about liquidity dropping back to 2022 lows? That's the real issue. --- Institutions want to embrace tokenization, but market makers are hoarding tokens and throwing them around—quite ironic.

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