Circle at ~$118/share makes it more challenging for Circle's upside.
Here's our financial model.
Going to add upside with CPN and take rate there.
I'm sure I'm midcurving this 🤣

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Visa – the “giant” in the credit card industry – has just announced its biggest plan ever in the field of digital assets: supporting four stablecoins operating on four independent blockchains, allowing the transfer of...

Visa will support 4 stablecoins on 4 different blockchains

Washington's spotlight is blazing on a year-end drama: who will succeed Jerome Powell as head of the Federal Reserve?

The shortlist is laid out: Waller, Bowman, Hassett, Warsh, Reid. The media is meticulously analyzing their every word about interest rates and inflation. Wall Street is holding its breath, speculating how this personnel change will shake the markets.

But what if the real core of this contest has nothing to do with "inflation"?

Behind the curtain of this political drama lurks a much larger and more urgent specter: the staggering $35 trillion in U.S. national debt. According to Congressional projections...

Whoever can use cryptocurrency to help the US reduce its debt will be Powell's successor.

"On-chain US stocks" are not a new concept, but given the recent consolidation in the crypto market and the lack of clear direction for mainstream coins, this sector remains a hot trading ground.

Over the past year, many projects have attempted to bring US stock indices, government bond yields, and even individual stocks onto the blockchain. However, most of these products remain at the "shadow asset" stage: either their price sources rely excessively on oracles, their trading depth is insufficient, or there is still a significant price difference with traditional markets, making them difficult to consider as truly "fungible markets."

Hyperliquid's HIP-3 upgrade appears to be a turning point. This upgrade...