1. VanEck: Is 1011 a buying opportunity based on the three key factors driving BTC prices?

Like most emerging asset classes, allocating Bitcoin is both an art and a science. However, three measurable factors can consistently explain much of the BTC price movement over time: global liquidity, leverage, and on-chain activity. Together, these factors provide investors with a practical framework for determining the scale and timing of digital assets. Click to read

2. Once a Star, Kadena's Dream Shattered: What Debts Were Left Behind? What Insights Can We Gain?

On October 22, 2025, the Kadena team announced that due to unfavorable market conditions, they would immediately cease all business operations and active maintenance. The team expressed gratitude to all supporters and stated regret for being unable to continue promoting this unique decentralized project. The native token KDA of Kadena dropped over 60% on that day. Click to read.

3.a16z: 34 Charts to Understand the Current State of the Crypto Industry in 2025

The world is becoming fully on-chain. When we released the first report on the cryptocurrency industry, this field was still in its adolescence. At that time, the total market value of cryptocurrencies was only half of what it is today, with slower blockchain speeds, higher costs, and insufficient stability. Click to read.

4. Multicoin Partners: Why I Prefer FHE Over the Three Major Privacy Technologies TEE, ZK, and FHE

Recently, discussions on on-chain privacy topics have continued to rise in popularity, mainly led by Helius CEO Mert. We have invested a significant amount of time researching privacy technologies and have made considerable financial investments. Click to read.

5. Siege Warfare: The Encirclement of Hyperliquid by Strong Enemies and Giants

Decentralized exchanges (DEX) are one of the most revolutionary innovations in the crypto market. They not only change people's perception of “trading” but also redefine the roles of liquidity, trust, and financial intermediaries. Click to read.