1. Arthur Hayes: Trump and Beisente join forces to "create a market". Is BTC 250,000 and ETH 10,000 not a dream by the end of the year?

The highest tribute of humanity to the universe is the joy that arises from dance. Most religions incorporate music and dance into their worship ceremonies. However, the "House Music Church" that I believe in does not "shake your body" in the church on Sunday morning, but rather at Club Space around the same time. Click to read.

2. From Troubles to Nirvana: Understanding Polymarket's Future Path

Polymarket gained immense popularity last year by accurately predicting the results of the U.S. presidential election: during the election process, when various polling agencies showed that Trump and Harris had a 50-50 chance, Trump's winning odds on the Polymarket platform consistently led his opponent by a large margin. Ultimately, Trump won the election, and Polymarket accurately predicted this outcome. Click to read.

3. Pantera: Tokenized On-Chain Migration

It has been nearly ten years since I participated in drafting the initial design for asset tokenization at JPMorgan. At that time, the idea of securities settling on public infrastructure seemed quite radical. But one thing was clear: once these "tracks" achieved programmability, the structure of capital markets would ultimately change as well. Today, this assumption is becoming a reality at an unprecedented speed. Click to read.

4. The "Silent Wall" of the Stablecoin Revolution: Why Grand Narratives Collide with Real-World Resistance

I had the pleasure of reading Professor Rickawsb's "The 'Genius Act' and the New East India Company: How Dollar Stablecoins Will Challenge Existing Fiat Currency Systems and National Forms." In the grand narrative about the "Genius Act" and the "New East India Company," a future driven by dollar stablecoins and disrupting the global financial order is vividly depicted. It predicts a "currency tsunami" sweeping across the globe, which will endanger weak nations' central banks and deliver a dimensionality reduction blow to closed systems with an open financial network. Personally, I remain calm; when we shift our focus from the exciting predictions back to the cold reality, we find that the torrent of this revolution is crashing against a "wall of silence" built by vested interests, global regulations, and national sovereignty. Click to read.

5. Thoughts on the Liquidity of Tokenized US Stocks: How Should On-Chain Trading Logic Be Rebuilt?

From MyStonks, Backed Finance (xStocks) to Robinhood Europe, they all allow users to trade US stock assets on-chain through the "real stock custody + token mapping" method— in theory, users only need a crypto wallet to trade Tesla and Apple stocks at 3 AM, without going through a broker account opening or meeting capital thresholds. Click to read.