TestnetFreeloader

FTX Cryptocurrency Exchange collapsed rapidly in November 2022, with founder Bankman-Fried's wealth plummeting and the market suffering heavy losses. The crisis originated from a balance sheet leak, exposing its high-risk business model and reliance on FTT tokens, which led to customer panic withdrawals and ultimately triggered a bank run. This event highlights the fragility of the crypto industry and the regulatory vacuum, indicating that the industry needs to reflect on and improve risk management.

U.S. stock traders' attention to the monthly Consumer Price Index (CPI) report has significantly decreased, and market reactions have shifted from tension to calm. The change in policy direction has reduced the importance of CPI data, with investors focusing more on future interest rate cuts and employment data.

Introduction: An Essential Change That Cannot Be Measured by Trading Volume
The on-chain perpetual contract market in 2025 appears, on the surface, to be a fierce competition based on trading volume, but in reality, it indicates a serious "discrepancy between quality and quantity."
At the beginning of the year, Hyperliquid dominated over 70% of the market, but in the second half, more than 10 new Perp DEXs entered the scene. By the end of December, Hyperliquid's market share had fallen to about 20%—a number that might suggest a "fall of the king." However, the truth is quite different.
Looking at key indicators reveals a different story
In terms of open interest, Hyperliquid still accounts for approximately 49% of the entire network, about $7.5 billion. The other four pla

Investors seeking short-term gains may not be suitable for entry, but long-term investors can consider Bitcoin as a store of value. By 2025, the crypto market will change due to government and corporate participation, with demand continuously rising. There are two perspectives in the market: the traditional four-year cycle and the new super cycle. Long-term holders may profit from the influx of new capital.

The essay discusses the dangers of power concentration by large corporations, governments, and majorities. It advocates for a societal redesign centered on "power balance" and proposes strategies to enforce decentralization and prevent monopolistic tendencies in the cryptographic asset space.

Introduction: The Pitfalls of the Term "Tokenization"
Recently, news that the US DTCC (Depository Trust & Clearing Corporation) is beginning to tokenize securities infrastructure has stirred up the market. Given that this is a move by a giant institution managing approximately $99 trillion in assets, the financial industry anticipated a major transformation.
However, in reality, there are two completely different paths that are both called "tokenization." Without understanding this distinction, discussions can lead to confusion due to the gap between expectations and reality.
The key distinction is as follows: what DTCC is tokenizing is "rights claims," and another

The essay discusses the acceleration of on-chain finance driven by the size of financial deposits, particularly following JPMorgan Chase's transition to blockchain-based tokenized products like JPM Coin and the introduction of the My OnChain Net Yield Fund (MONY). It highlights enhancements in payment efficiency, regulatory compliance, and market evolution, emphasizing the necessity of these changes for the banking system's structural demands. This integration signifies a shift where real-world assets evolve into essential components of a public blockchain financial infrastructure.

The essay discusses the evolving landscape of the cryptocurrency industry, highlighting a shift towards user-friendly front-end applications over complex infrastructure. It emphasizes that while technological innovations continue, user demand favors seamless experiences, as seen in platforms like Coinbase. This leads to a paradigm shift in value distribution, with front-end platforms overshadowing traditional infrastructure applications.

ARK Invest, led by Cathie Wood, has made an investment decision that suggests a significant turning point in digital asset strategy. The company's position as a major institutional holder of Ethereum and its investment in BitMine are driven by deep strategic thinking in protocol selection.
Agentic

Blockchain is a decentralized distributed database technology characterized by decentralization, anonymity, immutability of information, openness, and autonomy. Its core technologies include distributed ledgers, consensus mechanisms, cryptography, and smart contracts, which are widely used in digital currencies such as Bitcoin and Ethereum. Based on the level of node openness, blockchain can be divided into public chains, private chains, and consortium chains to meet the needs of different fields.

The Bank of Korea is advancing its digital currency project, focusing on integrating CBDC into the government subsidy process to enhance administrative efficiency. After lessons from earlier trials, a new pilot program aims for a more feasible model with lower participant burdens.

Silver has shown remarkable performance, rising to $69 per ounce by December 22, achieving a 139% increase this year, far surpassing gold's 68%. The gold-silver ratio has dropped to 60.027, indicating silver's growing strength and attracting traders’ interest amid active movements in the altcoin market.

The executives at Unstoppable Domains recently outlined a strategy for utilizing Bitcoin in their financial approach, suggesting an allocation of 1-5% of total assets. They recommend a dollar-cost averaging method to mitigate market risks, emphasize regular monitoring, and advise caution on increasing Bitcoin holdings beyond 2%. Technical analysis is essential for timing investments effectively, aiming for a sustainable asset structure amid crypto market volatility.