每次某种资源的边际成本归零，上一代的定价权就会被摧毁信
息归零 → 报纸死了，Google 活了
通讯归零 → 短信死了，微信活了
算力归零 → IBM 死了，AWS 活了
智能的边际成本正在归零
旧的定价权已经在松动了，新的定价权在谁手里？

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Every time the marginal cost of a resource reaches zero, the previous generation's pricing power is destroyed.
Information zero → Newspapers died, Google lived.
Communication zero → SMS died, WeChat lived.
Computing power zero → IBM died, AWS lived.
The marginal cost of intelligence is approaching zero.
The old pricing power is already loosening; who holds the new pricing power?

Bitcoin's price briefly touched $60,000 last week. Under a diminishing returns model, this is no mere noise. The market is touching the weakest link in the entire four-year cycle and logarithmic growth framework.

With the gains at the top of the Bitcoin cycle already significantly compressed, a further historically deep correction would completely negate the allure of its classic cycles.

This is not a prediction; it's a mathematical law.

Cycle Top Gains are Compressing

Historical Bitcoin Cycle Tops:

· 2013: ~$1,242

· 2017: ~$19,700

· 2021: ~...

$55,000 will be the lifeline for Bitcoin.

Institutional demand for tokenized finance in Asia is accelerating as the finchain avalanche collaboration moves to bring traditional assets on-chain at scale.
Summary
FinChain deepens strategic coope...

FinChain Avalanche partnership targets RWA tokenization and institutional liquidity in Asia

The crypto market experienced a sharp drop this afternoon, with Ethereum falling below the $2,000 mark at 3 PM Taiwan time, according to Hyperliquid [...]
The article, titled "Machi Big Brother Suffers Huge Losses and Didn't Sleep All Night? Ethereum Falls Below 2000 Magnesium, Panic Arrives, Opens Long BlockTempo and Loses 120,000 Magnesium," was originally published on BlockTempo, the most influential blockchain ABMedia media.

Machi Big Brother lost so much money he couldn't sleep all night? Ethereum fell below 2000, causing panic. He long positions in ETH and HYPE, then sold at a loss, losing all 120,000 in magnesium.

The person died, but the machine came to life.