1.Galaxy: The Next Major Upgrade of Bitcoin? Feasibility Assessment of OP_CAT and OP_CTV

Changes to the Bitcoin protocol require discussion and collaboration among multiple stakeholders, including but not limited to protocol developers, full nodes, end-users, and miners. The consensus process for achieving protocol upgrades is complex and controversial. For example, the "block size debate" from 2015-2017 led to a split in the Bitcoin community, with one side wanting to adjust the block size and the other opposing it. Years of debate ultimately resulted in a permanent fork of the blockchain and the birth of a new cryptocurrency - Bitcoin Cash, a forked version of Bitcoin.Read more

2.The Narrative of Altcoin ETFs No Longer Works?

Compared to the market's excitement during the approval process for Bit and Ethereum spot ETFs, the market sentiment surrounding Altcoin ETFs can only be described as minuscule. But five months ago, the market was still immersed in the bright prospects of the policy bull market, and the keen-nosed Wall Street institutions came to the Altcoin market, driving a wave of price increases, with XRP and SOL leading the charge as the new concept coins under regulatory tailwinds.Read more

3.Trump's So-Called "Greatness" is Just "Cash Maximization"

Trump's goal of cash maximization, disregarding or underestimating illiquid public goods, reducing related cash expenditures, can only further reduce cash income, making the US further away from "greatness".Read more

4.Why Bitcoin Will Continue to Set New Highs This Year

Over the past week, the White House and the Federal Reserve have turned a blind eye to the stock market crash, with both seemingly unwilling to back down in this "coward's game". Although the recession forecast is most likely just a negotiation tactic used by Trump, the uncertainty of policy games has further fueled the market's risk-averse sentiment.Read more

5.Latest Speech by Former Deputy Governor of the Central Bank: The Rise and Challenges of Cryptocurrencies

The topic I want to share today is "The Rise and Challenges of Cryptocurrencies". Cryptocurrencies are a type of digital currency that operates on computer networks, with the ownership of each cryptocurrency unit recorded and stored in a digital ledger or Blockchain. Blockchain is the underlying technology of cryptocurrencies, with its core being consensus mechanisms such as Proof-of-Work (PoW). Cryptocurrencies can be mainly divided into three categories: payment-type cryptocurrencies like Bit and Ether; stablecoins, the most famous being USDT and USDC; and central bank digital currencies, also known as sovereign digital currencies, with large-scale representatives such as China's Digital RMB. Cryptocurrencies have seven main characteristics: decentralization, security, scarcity, anonymity, high price volatility, large energy consumption from mining, and global instant transactions without considering currency exchange costs and international transfer time costs.Read more