贵司的危机公关课是跟P2P暴雷平台学的吗？@DrPayFi 当用户指出贵司产品设计可能存在资金池集资、客户资质存疑、利率畸高三大问题，贵司代表却大谈哈佛半工读、币圈打工仔的职场鸡汤，这和在餐馆吃到蟑螂，老板却炫耀自己新买的劳斯莱斯有何区别？ https://twitter.com/0x0xFeng/status/1911317555568156761

Twitter

Did your crisis PR course come from P2P platform collapses? @DrPayFi When users point out potential issues with your product design such as fund pool fundraising, questionable customer qualifications, and abnormally high interest rates, your company representative instead talks about Harvard's work-study program and workplace motivational stories from the crypto industry, how is this different from finding a cockroach in a restaurant and the owner bragging about their new Rolls-Royce? https://twitter.com/0x0xFeng/status/1911317555568156761

In the crypto world, what truly determines victory is never code, but the interplay between liquidity, power, and regulation. The rise and fall of BUSD is not merely a tragic tale of a stablecoin, but a financial war waged by exchanges attempting to "unify the world."

When BUSD was thrust onto the historical stage, it carried not only a compliance narrative, but also Binance's ambition to reshape the stablecoin order through coercive measures—by manipulating exchange rates and merging trading pairs, directly swallowing competitors' liquidity into its own ledger.

The "automatic conversion" of 2022 was a textbook example of a blitzkrieg; and 2023...

The Rise and Fall of Binance's Dominance: From BUSD's "Unification" to $U's "Conquering the World"—The Stablecoin Wars

Source: Galaxy Research; Translation: Jinse Finance xz
Bitcoin's closing price in 2025 is expected to be roughly the same as the level at the beginning of the year.
The cryptocurrency market experienced a genuine bullish wave in the first ten months of this year. Regulatory reforms continued to advance, ETFs continued to attract funds, and on-chain activity became increasingly active. Bitcoin hit an all-time high of $126,080 on October 6th.
However, the market failed to deliver the expected breakthrough after the initial frenzy; instead, it experienced rotation, repricing, and rebalancing. This was driven by factors such as unmet macroeconomic expectations, a shift in investment narratives, leveraged margin calls, and massive...

Galaxy: 26 Predictions for the Crypto Market in 2026

In the final months of 2025, a bearish atmosphere began to spread.

Bitcoin plummeted from its high of $120,000, ETF inflows ceased, various cryptocurrencies diverged in performance, and Memecoin, which had once ignited market sentiment, became largely ignored. Compared to the end of 2021, there were no sudden regulatory crackdowns this time, and apart from the massive crash of October 11th, there didn't seem to be a serious liquidity crisis, yet something still felt off.

If the crypto world in 2025 was a recalibration of true and false value, will 2026 be better for crypto?

This article...