火星财经消息，6 月 10 日，当地时间周一，桥水基金创始人达利欧发表长文——《内战？》。 达利欧围绕国家内部的周期中的「第五阶段」与「第六阶段」进行分析。根据达利欧的总结，第五阶段正是财政恶化导致阶级冲突爆发的前夜，在一个国家内部的周期中具有关键意义，美国正处于这一阶段。 达利欧总结了引发重大内部冲突的「有毒组合」，包括：国家与民众处于财政困境（如债务与未偿义务庞大）；社会内部存在巨大收入、财富与价值观差距；遭遇剧烈的经济冲击。 达利欧告诫，不要盲目相信「这不会发生在我们这里」。成功的国家，是那些能在周期中不断自我修复、不断适应变化的国家。

<div>火星财经消息，6 月 10 日，当地时间周一，桥水基金创始人达利欧发表长文——《内战？》。 达利欧围绕国家内部的周期中的「第五阶段」与「第六阶段」进行分析。根据达利欧的总结，第五阶段正是财政恶化导致阶级冲突爆发的前夜，在一个国家内部的周期中具有关键意义，美国正处于这一阶段。 达利欧总结了引发重大内部冲突的「有毒组合」，包括：国家与民众处于财政困境（如债务与未偿义务庞大）；社会内部存在巨大收入、财富与价值观差距；遭遇剧烈的经济冲击。 达利欧告诫，不要盲目相信「这不会发生在我们这里」。成功的国家，是那些能在周期中不断自我修复、不断适应变化的国家。</div>

桥水达利欧：加州骚乱证明美国已处于阶级冲突爆发前夜

<HyperNews>Huoxing Finance reported that on Monday, June 10th, local time, Ray Dalio, founder of Bridgewater Associates, published a long article titled "Civil War?"</HyperNews> Dalio analyzed the "Fifth Stage" and "Sixth Stage" within a country's internal cycle. According to Dalio's summary, the fifth stage is the eve of class conflicts triggered by fiscal deterioration, which is crucial in a country's internal cycle, and the United States is currently at this stage. Dalio summarized the "toxic combination" that triggers major internal conflicts, including: the country and its people facing financial difficulties (such as massive debt and unfulfilled obligations); significant income, wealth, and value differences within society; and experiencing severe economic shocks. Dalio warned against blindly believing "this won't happen to us." Successful countries are those that can continuously self-repair and adapt to changes within their cycles.

<div>Huoxing Finance News, on Monday, June 10th, local time, Bridgewater Fund founder Ray Dalio published a long article titled "Civil War?". Dalio analyzed the "Fifth Stage" and "Sixth Stage" in the national internal cycle. According to Dalio's summary, the fifth stage is the eve of class conflicts erupting due to fiscal deterioration, which is crucial in a country's internal cycle, and the United States is currently at this stage. Dalio summarized the "toxic combination" that triggers major internal conflicts, including: the country and its people facing financial difficulties (such as massive debt and unfulfilled obligations); huge income, wealth, and value differences within society; experiencing severe economic shocks. Dalio warned against blindly believing "this won't happen to us". Successful countries are those that can continuously self-repair and adapt to changes within their cycles.</div>

Bridgewater's Dalio: California riots prove that the United States is on the eve of a class conflict

The recent market has been truly stagnant, with frequent fluctuations and erratic price swings, effectively eroding liquidity and leaving no clear direction.

Let's summarize what the top analysts are saying: During this period, resting is better than frequent trading. Maintaining your understanding is key; inaction is the best strategy.

Current Market Situation: High-Level Consolidation and "Washout"

- Current Market Situation: BTC is currently consolidating in the 85k-90k range, characterized by frequent "V-shaped" price swings (rapid up-and-down V-shaped reversals). Essentially, this is the main players clearing out high-leverage contracts and reaping profits from short-term traders.

- Supply and Demand Structure: Sellers are showing strength...

Market Overview | BTC

Are prediction markets simply well-packaged gambling, or a revolutionary innovation?

The debate seems to have strayed from the core issue.

This article, originally written by @0xJeff and translated and personally interpreted by @anymose, retains only the general meaning; for the original flavor, please refer to the original text.

01 When Risk is Packaged as Entertainment
The US is sliding into the abyss of "hyper-gambling": The market is flooded with sports betting apps optimized for teenagers, one-click prediction markets, and even absurd apps that use coin tosses to decide whether to double rent… Risk is blatantly packaged as entertainment, a sad reality.

Gambling has existed since ancient times:...

What are gamblers thinking?

The crypto market is heading into the final weekend of 2025, and before the new year begins, there are still opportunities for altcoins to grow further.

Leading the way is Pippin (PIPPIN), the following three altcoins are very promising...