Bitcoin

Global markets were notably driven by energy price shocks and geopolitical risks over the past week. Escalating tensions in the Middle East propelled oil prices upward, with WTI surging more than 25% for the week. As a result, the market entered a risk-off phase, prompting BTC, ETH, and US equities to pull back simultaneously. From a macro standpoint, although rising oil prices are unlikely to trigger a recession directly, they could elevate inflation and delay interest rate cuts in the coming months. On-chain activity saw DEX trading volumes remain high, with liquidity further concentrating in top protocols. The total stablecoin market cap climbed to around $330 billion, with USDC emerging as the main source of incremental capital. In the derivatives market, funding rates stayed predominantly negative and option volatility increased, reflecting continued vigilance toward tail risks. Overall, the market is navigating a stage of macro risk repricing and liquidity reallocation. Looking ahead to next week, atten

In 2026, as Middle East conflicts intensified, gold ETFs attracted substantial inflows, while Bitcoin ETFs recorded net outflows of $2.6 billion. This article examines how gold derives its insurance value from a stockpile of 219,000 tons, multi-faceted demand, and the London Bullion Market Association’s (LBMA) multi-trillion-dollar clearing depth. In contrast, four key hurdles continue to impose a maturity discount on Bitcoin ETFs.

This article uses the CLARITY Act as an entry point to systematically outline the division of responsibilities between the U.S. SEC and CFTC in the regulation of crypto assets, providing a concrete blueprint for the regulatory issues that have long troubled the industry.

The article combines real-world developments such as the ETF explosion, institutional allocation rising from 1% to 5%, and declining long-term volatility, arguing that this is not a fantasy but a natural extension of trends. For investors who question the "Bitcoin to one million dollars" narrative as too crazy, it provides a mathematical framework based on conservative assumptions.

The article uses the framework of the generational exit liquidity prisoner's dilemma to reveal that stocks, real estate, and bonds will become the bag holders. In contrast, nomadic capital (not tied to any jurisdiction, with the lowest holding rate among the younger generation, and tradable within the AI-native economy) is the key to solving this dilemma. Bitcoin, since its inception, has perfectly met these three conditions. For investors seeking macro-certainty避险 assets, this is a decision-making reference framework on a decade-long scale.

The article categorizes small-scale transactions as relying on agreements, while large-scale transactions trigger legal mechanisms, refuting the fairy tale of "absence of rule of law" and revealing how the mining economy spontaneously embeds itself within a judicial framework.

Over the past week, global markets have been primarily driven by energy shocks and geopolitical risks. WTI crude rose more than 4%, with higher oil prices reinforcing inflation expectations and further constraining the scope for rate cuts. The Dollar Index moved back above 100, while Treasury yields climbed in tandem. Risk assets broadly came under pressure, yet the crypto market showed notable resilience. Consecutive net inflows into BTC ETFs indicate continued institutional accumulation during the pullback. On-chain, stablecoin supply continued to expand, with liquidity increasingly concentrated in leading protocols. Lending and LST sectors also rebounded, reflecting a marginal recovery in risk appetite. In derivatives markets, funding rates remained largely negative while implied volatility declined, suggesting market sentiment is gradually recovering from extreme caution. Looking ahead, markets will focus on the upcoming Fed rate decision and policy signals from major central banks, which will directly sh

The article focuses on the Bitcoin arms race between BlackRock and Strategy, covering everything from holdings data, fundraising structures, and risk exposure to market supply compression—providing a comprehensive explanation of how both the spot ETF and corporate treasury models are simultaneously reshaping the structure of the Bitcoin market.

Despite continuous inflows of institutional and ETF capital, the Bitcoin market remains subject to its classic four-year cycle. SkyBridge founder Anthony Scaramucci attributes the current correction largely to long-term holders selling near the $100,000 psychological threshold. He anticipates that the market could enter a new bull cycle in the fourth quarter of 2026.

CryptoQuant's latest analysis indicates that Bitcoin encounters significant resistance between $75,000 and $85,000. This article provides a comprehensive assessment of BTC price movements and future outlook, drawing on on-chain data, derivatives market structure, and broader macroeconomic factors.

Can dollar-cost averaging with leverage on BTC really boost returns significantly? Drawing on five years of backtesting data, this article compares the returns, drawdowns, and risk-adjusted performance of 1x, 2x, and 3x leverage strategies. Results show that 3x leverage delivers almost no cost-effectiveness in highly volatile markets, making spot dollar-cost averaging the superior long-term solution.

Reya Network is an innovative modular Layer 2 (L2) solution that focuses on optimizing liquidity, capital efficiency, and performance for DeFi traders and liquidity providers. With its unique passive liquidity pool mechanism and margin engine, Reya Network addresses liquidity fragmentation and performance bottlenecks in DeFi scaling, offering a gas-free, fast, and secure trading environment. Supported by prominent investment firms such as Framework, Coinbase Ventures, and Wintermute, Reya Network has raised $10 million in funding.

The article reveals the dependence of U Card on the traditional financial system and the challenges it faces by analyzing its operating model and market performance.

The author provides a detailed explanation of the token shift from "long-term holders" to "new holders" and points out that this transition may signal an unprecedented bullish phase for Bitcoin.

This article provides an in-depth analysis of the current situation and challenges of capital efficiency optimization in the cryptocurrency market, as well as Lorenzo's innovative model of tokenizing CeFi financial products and deeply integrating them into the DeFi scene through the Financial Abstraction Layer (FAL).