Kalshi 是一个合规预测市场（Prediction Market）交易平台，10亿美金不是a16z一家投的，规模大可能是因为做市启动资金，这和HYPE逻辑不一样放后续说
Kalsh定位是CBOT/NYSE/CBOE这类顶级交易所，交易的内容是事件结果
大家常用交易所，但对交易所理解停留在只是个买卖资产的地方。那么请想象（续）

刚刚看到 A16Z 他们融了 150 亿美金，说这笔钱要占到美国一年风投总额的 18%，用来保证美国技术界的领先地位。里面还特别强调，从 AI 和 Crypto 开始。
我就特别好奇：A16Z 到底投了什么 Crypto 项目，才会把这件事放到这么高的战略高度？
所以我用 AI 简单查了一下，翻了翻他们最近半年的几个  x.com/BroLeon/status…

0xTodd

Twitter

Kalshi is a compliant prediction market trading platform. The $1 billion investment wasn't solely from a16z; its large size likely stems from initial market-making funding, which differs from the logic of Hype and HYPE, a point we'll discuss later. Kalshi positions itself as a top-tier exchange like CBOT, NYSE, and CBOE, trading event outcomes. People frequently use exchanges, but their understanding of them is often limited to a place for buying and selling assets. Now, imagine (continued)...

Author | Jeff Park (Chief Information Officer, Bitwise)
Compiled by Odaily Odaily(@OdailyChina)
Translator | Dingdang (@XiaMiPP)
Editor's Note: On February 5th, the cryptocurrency market experienced another crash, with over $2.6 billion liquidated in 24 hours. Bitcoin briefly plummeted to $60,000, but the market seems to lack a clear consensus on the causes of this decline. Bitwise CIO Jeff Park offers a new analytical framework from the perspective of options and hedging mechanisms.
...

The Black Swan Event Was Actually This: The Real Reason for the Recent Bitcoin Crash

Renowned crypto investor Jack Yi used Aave revolving lending to build a $2 billion ETH position, only to see it crumble during the market crash [...]
The article, "Yi Lihua Completely Sells Off ETH! Trend Research Sells 650,000 Ethereum in a Week, Losing $730 Million," was originally published on BlockTempo, the most influential blockchain ABMedia media.

Yi Lihua completely liquidated his ETH holdings! Trend Research reportedly sold 650,000 Ethereum in a week, incurring a loss of $730 million before exiting the market.

Author | Jeff Park (Chief Information Officer, Bitwise)
Compiled by Odaily Odaily(@OdailyChina)
Translator | Dingdang (@XiaMiPP)
Editor's Note: On February 5th, the cryptocurrency market experienced another sharp drop, with over $2.6 billion liquidated in 24 hours. Bitcoin briefly plummeted to $60,000, but the market seems to lack a clear consensus on the causes of this decline. Jeff Park, CIO of Bitwise, offers a new analytical framework from the perspective of options and hedging mechanisms. [...]