Odaily星球日报讯 加密 KOL Miles Deutscher 针对 PUMP 12 分钟公售 5 亿美元一事发表观点称，这表明，当有合适的机会时，仍然有大量的流动资金愿意参与。山寨币并没有“死亡”，他们只是需要正确的叙述。 相关阅读：《 PUMP 公售 12 分钟售罄，开盘后的两种剧本，你信哪个? 》

Odaily星球日报讯 加密 KOL Miles Deutscher 针对 PUMP 12 分钟公售 5 亿美元一事发表观点称，这表明，当有合适的机会时，仍然有大量的流动资金愿意参与。山寨币并没有“死亡”，他们只是需要正确的叙述。相关阅读：《 PUMP 公售 12 分钟售罄，开盘后的两种剧本，你信哪个? 》

观点：PUMP 12分钟公售5亿美元证明“山寨币未死，只是缺少叙事”

<Odaily> reported that crypto KOL Miles Deutscher commented on the PUMP 12-minute public sale of $500 million, stating that it demonstrates that when there is a suitable opportunity, there is still a large amount of liquidity willing to participate. Altcoins have not "died", they just need the right narrative.

<Odaily> Planet Daily News: Crypto KOL Miles Deutscher commented on the PUMP 12-minute public sale of $500 million, stating that this demonstrates that when there is a suitable opportunity, there is still a large amount of liquidity willing to participate. Altcoins have not "died", they just need the right narrative. Related reading: "PUMP Public Sale Sold Out in 12 Minutes, Two Scenarios After Opening, Which One Do You Believe?"

Opinion: PUMP's 12-minute public sale of $500 million proves that "Altcoin are not dead, they just lack narratives"

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

SWIFT, a global payments giant, has made progress on integrating a blockchain-based ledger into its payment network. According to the announcement, it has collaborated with global banks to design feat...