经典Meme > 潮玩IP
对于经典meme来说，存续时间是增值
而对于潮玩IP来说，存续时间是减值

好 IP ≠ 好 meme
从 Labubu 海外走红已经一年多了
早期主要是泰国女歌手 Lisa 带货
国内这波爆火跟泡泡玛特股价
以及王宁的个人身价飞升共振
泡泡玛特作为一家中国公司
能制作和运营全球火爆的 IP 实属难得
泡泡玛特本质上是一家发行「社交货币」的公司
Labubu 就是最新的社交货币载体

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Classic MEME > Trendy IP
For classic memes, duration is value-added
While for trendy IPs, duration is value-subtracted

Another case of "address poisoning," causing one user to lose $50 million. Photo: Techradar
The attack caused a shock.
A cryptocurrency user lost nearly $50 million USDT after mistakenly transferring the funds to...

Another case of "address poisoning," causing one user to lose $50 million.

Today we saw gold, silver, and palladium all hit new highs! Since the correction at the end of October, gold has been trading above the 25-35 day moving average; silver is rising along the four-hour moving average; and palladium is rising along the three-day moving average.
Synchronization: This "synchronized new highs" usually signifies the start of a major trend. Gold provides "stability," silver provides "elasticity," while the addition of palladium indicates a dual surge in industrial and investment demand.
In this clear upward trend, trading volume has not weakened significantly and no bearish structure has emerged. Don't try to short the short at the top; otherwise, you'll end up with...

Market Analysis | Gold, Silver, and Palladium Hit New Highs! How High Can They Go!?

Chapter 1: Executive Summary and Industry Landscape Analysis
As of December 19, 2025, the global digital asset mining sector is undergoing the most profound structural transformation since the birth of Bitcoin. With Bitcoin's price retreating to the $86,000 range after reaching an all-time high of approximately $125,000 in October 2025, and the total network hashrate surpassing the 1,000 EH/s mark, mining companies face the dual challenges of compressed profit margins and surging capital expenditures in the "post-halving era."

1.1 Industry Differentiation

Figure 1: Analysis of the Relationship between Hashrate and Market Capitalization of Major Mining Companies in 2025

The above figure clearly shows the current...