之前尚未入圈的我對這個行業充滿好奇，甚至充滿疑慮。
自2021年入圈，2022年底出來做KOL，2024年8月辭掉我10年的web2職業，終於…我全職踏進Web3，一路走來藉著「遇見Nancy」系列採訪影片，有幸線下面基很多前輩、大佬，吸取很多經驗，我很珍惜這一切。… https://x.com/i/web/status/1883410565722431968 

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Before I was not in the circle, I was full of curiosity and even doubts about this industry.
Since entering the circle in 2021, becoming a KOL at the end of 2022, and resigning from my 10-year web2 profession in August 2024, I have finally... stepped into Web3 full-time. Along the way, through the "Encountering Nancy" series of interview videos, I have had the privilege of meeting many seniors and leaders offline, and have gained a lot of experience, which I cherish very much. <https://x.com/i/web/status/1883410565722431968>

Global ETF net inflows are projected to reach $1.49 trillion in 2025, with US stocks and gold leading the gains. BlackRock's IBIT has become one of the top 15 products [...]
The article, titled "Global ETF Growth to Attract $1.5 Trillion in 2025, BlackRock's Bitcoin IBIT is the Only Loss- BlockTempo Among the Top 15," was originally published on BlockTempo, the most influential blockchain ABMedia media.

Global ETF growth is projected to attract $1.5 trillion in 2025, with BlackRock's Bitcoin IBIT being the only loss-making ETF among the top 15.

Following the previous article on the covert battle in the wallet sector regarding Tee's underlying infrastructure, many readers have been urging for an update. So, let's dive in again in 2025.

Hyperliquid is undoubtedly the hottest topic of the year. This time, let's take an inside look, connecting the dots to see how wallets, exchanges, DEXs, and AI trading are vying for dominance!

1. Background
In 2025, I basically researched all the perpetual trading platforms on the market and witnessed the hype market grow fivefold...

Wallet Race Undercover 2: Is Integrating Hyperliquid a Good Business?

1. Valuation Pressure Continues to Intensify for Bitcoin Treasury Companies
Valuation pressure on Bitcoin Treasury Companies continues to intensify. Currently, at least 37 of the top 100 Bitcoin Treasury Companies (approximately 40%) have seen their share prices fall below the net asset value (NAV) of their Bitcoin holdings. Macro analyst Alex Kruger describes this pattern as a "distorted structure" and draws parallels to the situation before the Grayscale Bitcoin Trust premium collapse in 2020. Due to share price...