ShadowStaker

A well-known e-commerce platform will auction the trademarks "Litecoin" and "Cloud Coin" related to Crypto Assets on April 17, with a starting price of 100,000 yuan for each. This auction has attracted industry attention and may indicate a strategic adjustment regarding the intellectual property of Crypto Assets and changes in market regulation in China.

The article discusses the application and limitations of multiple recursive operators in blockchain finance, particularly in the design of Algorithmic Stablecoins. Multiple recursive operators can enhance the expected characteristics of the system by introducing new information, but achieving stable equilibrium presents challenges. When designing DeFi protocols, careful consideration must be given to balancing feedback strength with the frequency of information flow introduction, and exploring more variable combinations to improve the robustness and efficiency of the system.

Bitcoin的数量：优势还是缺陷？
The total supply of Bitcoin is limited to 21 million coins, a setting that has sparked differing opinions. Some believe this is an advantage of Bitcoin, as it can prevent inflation; others think it is a fatal flaw that could lead to deflation. So, is this cap on quantity a defect or an advantage of Bitcoin?
First, a common misconception needs to be clarified. The actual limit on the number of Bitcoins is 21 million, not 21 million. When designing Bitcoin, the founder not only limited the total amount but also allowed for infinite divisibility. The smallest unit of Bitcoin, "Satoshi," is one hundred millionth of a Bitcoin. This means that if in the future 1 Satoshi equals 1 dollar, the total issuance of Bitcoin could reach 21 trillion dollars, sufficient to meet global transaction needs.
Even in extreme cases, a circulation of 21 million trillion still cannot meet the future trading needs of humanity, and we need not worry. Just as we do today,

Although DePIN projects have ignited enthusiasm for Web3, they mostly fall into the predicament of hardware speculation and investment losses, lacking sustainable development. Successful DePINs need to focus on practical applications and transparent incentive mechanisms to avoid becoming another bubble.

The Crypto Assets market is witnessing new trends, with altcoin ETFs attracting follow.
Recently, the cryptocurrency market has shown new development trends. Although the price of Bitcoin has retraced, Ethereum has broken through $3600, and multiple sectors such as Defi and Layer 2 have generally risen, bringing vitality back to the altcoin market. This contrasts sharply with the market situation a few days ago, when Bitcoin was close to the $100,000 high, while the altcoin market was in a slump.
In this context, Wall Street institutions have begun to focus on altcoin ETFs, injecting new vitality into the long-dormant altcoin market. A week ago, Bitcoin broke $99,000 and became a hot topic, but the crypto community's reaction was surprisingly calm. In this round of bull market led by institutions, most market participants have not benefited from the liquidity bonus; instead, the altcoins they hold are constantly being drained by Bitcoin, showing a downward trend.
Ethereum as a mainstream altcoin.

This article summarizes the investment philosophy of Alliance DAO in the Web3 consumer application track, including the incubation of 28 projects, categorized as Lifestyle, Games, Crypto speculation, etc. It mentions the challenges and opportunities faced by Web3 applications, emphasizing the importance of deeply understanding user needs and adapting to market changes to achieve success through innovative business models and tools.

Price Game Mechanism on the Blockchain: A New Exploration of Decentralization
During the development of Blockchain, the decentralized price game mechanism has always been an overlooked issue. In recent years, with the rise of DeFi, the industry has begun to have a preliminary understanding and exploration of on-chain price mechanisms. How to generate price variables on-chain that are more in line with the essence of Blockchain is a direction worth深入研究.
The evolution of Blockchain transactions
Bitcoin, as the first Blockchain project, pioneered the way for Decentralization in trading. From the initial over-the-counter trading to the birth of exchanges, Bitcoin's price mechanism has been continuously improved. However, as the market size expands, the opacity and manipulation risks of centralized exchanges have become increasingly prominent. The significant difference in processing speed between Blockchain and exchanges makes it difficult for us to accurately assess the price data provided by exchanges. In the unregulated crypto space, the issue of data fabrication is inevitable.
The "trust" of Blockchain

The Historical Necessity and Industry Choices of New Tax Regulations on Decentralized Finance
The U.S. Department of the Treasury and the Internal Revenue Service recently issued an important new regulation that expands the scope of existing tax laws to include front-end service providers of DeFi under the definition of "broker." These service providers are required to collect user transaction data starting in 2026 and submit information to the IRS via Form 1099 starting in 2027, including users' total earnings, transaction details, and taxpayer identification information.
Although the new regulations will not take effect for another year or two, and there is significant controversy over the definition of "broker", today we will explore the historical necessity of the introduction of the new regulations from several dimensions, as well as how industry practitioners should make strategic choices.
The logical evolution from traditional colonialism to new financial colonialism
The resource logic of traditional colonialism
The core of the traditional colonial era lies in the plundering of resources through military power and territorial acquisition.

A new star rises in the DePIN field, disrupting the traditional cloud computing landscape.
Recently, a significant news in the DePIN sector has emerged. A project named Impossible Cloud has received strategic investment, with its valuation soaring to 470 million USD. The investor is an early backer of Helium and Xiaomi, which undoubtedly provides strong endorsement for the development prospects of Impossible Cloud. So, what unique aspects does this project, which claims to disrupt traditional cloud computing giants, possess? Let’s take a deep dive into its technology and business logic.
The dilemma of traditional cloud computing
Currently, the cloud computing market is mainly monopolized by a few technology giants, forming a new centralized pattern. This pattern has brought about the following issues:
1. The cost of services continues to rise, forcing companies to accept the increasing expenses of cloud computing.
2. Once the user selects a certain cloud service provider

BTC rebounded to a key price level, and ETF capital inflows boosted market sentiment.
This week, Bitcoin opened at $82562.50 and closed at $86092.94, rising 4.28% over the week with a fluctuation of 7.71%. This marks the second consecutive week of gains, but trading volume has decreased for three weeks in a row. Currently, the BTC price is running in a descending channel and is approaching the upper edge of the channel.
The Federal Reserve released a dovish signal at this week's interest rate meeting, stating that it would take intervention measures if economic issues arise, and hinted that there might be two rate cuts this year. This statement stabilized market sentiment.
As the US stock market stabilizes and a large amount of funds flow into ETFs, the price of Bitcoin has stabilized and rebounded to the upper edge of the descending channel. Next week, the US will release PCE data, which may impact the direction of BTC prices.
Macroeconomic Overview
On March 19, the Federal Reserve kept the benchmark interest rate unchanged, maintaining the key lending rate at 4.25%.

Circle IPO Analysis: Growth Potential Behind Declining Intrerest Rate
Circle chose to go public during the industry's deleveraging period, revealing a seemingly contradictory yet imaginative story—net interest rates continue to decline, yet there remains immense growth potential. On one hand, Circle possesses high transparency, strong regulatory compliance, and stable reserve income; on the other hand, its profitability appears relatively moderate, with a net interest rate of only 9.3% in 2024. This apparent "inefficiency" is not due to a failure in the business model, but rather unveils a deeper growth logic: in the context of gradually diminishing high-interest rate dividends and a complex distribution cost structure, Circle is building a highly scalable, compliance-first stablecoin infrastructure, with its profits strategically "reinvested" in market share enhancement and regulatory leverage. This article will trace Circle's seven-year journey to going public, focusing on corporate governance.

Personal branding is crucial in the digital age, shaped through self-media. Success requires clear positioning, quality content, suitable channels, and timing. Brand communication is also very important, especially in the face of negative feedback. Entrepreneurs should pay attention to the needs of introducers and investors, continuously showcasing unique value.

Crypto Assets: The Best Hedging Tool in the Global Economic Inflation Cycle
The current global economy is at a turning point in the inflation cycle, and holding Crypto Assets is the best choice for asset preservation.
Looking back at history, since the 20th century, there have been three major economic cycles:
The years 1933-1980 marked the domestic inflation cycle of America's peaceful rise. The government financed wars through financial repression, and the stock market became the only choice for investors to combat inflation.
The period from 1980 to 2008 was a globalization cycle dominated by the United States. Financial regulation was relaxed, the dollar strengthened, and the stock market outperformed gold.
Since 2008, there has been a new round of domestic inflation cycle. Quantitative easing policies have led to credit expansion and intensified geopolitical conflicts. Savers are once again facing financial repression, and inflation is severe.
Unlike previous cycles, this time Bitcoin offers another option for a stateless currency. Compared to gold, Bitcoin has advantages such as ledger encryption and fast transactions.

Asseto's core fund product AoABT has successfully launched on HashKey Chain, bringing funding rate arbitrage strategies on-chain for the first time, open to professional investors. This strategy is managed by an experienced encryption trading team, achieving an Annual Percentage Rate of 20% over the past five years. This move realizes a deep integration of TradFi and Blockchain, providing new solutions for on-chain asset circulation.

Bitcoin Halving Depth Analysis: A Comprehensive Assessment of Its Impact on Investors
1. Introduction
Since its inception in 2009, Bitcoin has become a globally renowned cryptocurrency thanks to its decentralized characteristics and blockchain technology. Its unique design ensures system transparency and security, while its global nature makes it unaffected by specific national policies, establishing it as a unique international currency.
Bitcoin halving refers to the event where the reward for generating new coins in the Bitcoin network is halved every four years. This is a preset rule in the Bitcoin protocol aimed at controlling the supply of Bitcoin and mimicking the scarcity of gold. For every 210,000 blocks produced, the number of new Bitcoins earned by miners is halved, gradually decreasing from the initial 50 Bitcoins per block to the current 3.125 Bitcoins. This periodic supply reduction is theoretically expected to drive up prices under constant demand, having a significant impact on the market.
2. Bitcoin Halving Mechanism

OtterHome is a decentralized finance project based on Arbitrum Layer2, innovatively introducing the Bin Pricing mechanism to dynamically adjust liquidity pool prices, improve capital utilization, and reduce slippage. The project has passed security audits and adopts a diversified business model, but faces risks such as competition, regulation, and hackers, requiring continuous innovation and enhanced community engagement.

New Opportunities in the DeFi Sector: Regulatory Attitudes Shift, Innovation Accelerates
On June 9th, an important roundtable meeting about cryptocurrencies was held in the United States. The attitude displayed during this meeting shows that regulatory agencies have a growing support for the Decentralized Finance sector, indicating that the industry may welcome a favorable situation. Although formal legislation has not yet been established, the signals released during the meeting include:
- Create a regulatory environment that encourages innovation
- Strengthen the legitimacy of self-custody and on-chain participation.
- Imply the establishment of more lenient and prudent rules for DeFi experiments.
This is likely to become a catalyst for the United States to lead a new round of Decentralized Finance development. For participants in the crypto space, this undoubtedly releases a signal: a new era of DeFi regulated by the United States is coming. This is not only a regulatory change but also an investment opportunity.
The key positive signals released by the roundtable meeting.
1. Financial Independence
The conference will discuss economic freedom, creation