Vitalik Buterin cảnh báo rằng hệ sinh thái DeFi trên Ethereum đang phụ thuộc quá nhiều vào stablecoin tập trung như USDC, tạo ra rủi ro “điểm lỗi duy nhất”. Vitalik chỉ trích các sản phẩm “USDC yield” vì chạy theo lợi nhuận mà không mang lại khả năng quản lý rủi ro phi tập trung thực sự.
Vitalik ủng hộ các mô hình thay thế như stablecoin thế chấp bằng ETH hoặc stablecoin tài sản thực có thế chấp cao và phân tán rủi ro. Ông dẫn ví dụ Aave, nơi hàng tỷ USDC đang chi phối hoạt động cho vay, để cho thấy vấn đề hiện tại. Thông điệp của Vitalik là DeFi cần giảm phụ thuộc vào các tổ chức tập trung và xây dựng hệ thống tự chủ, bền vững hơn trong dài hạn.

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Vitalik Buterin warns that the Ethereum DeFi ecosystem is overly reliant on centralized stablecoins like USDC, creating a “single point of failure” risk. Vitalik criticizes “USDC yield” products for chasing returns without offering true decentralized risk management capabilities.
Vitalik advocates for alternative models such as ETH backed stablecoins or highly collateralized, risk-diversifying real-world asset stablecoins. He cites AAVE as an example, where billions of USDC dominate lending operations, to illustrate the current issue. Vitalik's message is that DeFi needs to reduce its reliance on centralized institutions and build a more autonomous and sustainable system in the long term.

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.

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.

$XRP and $RLUSD holders could soon access U.S. Treasury-backed yields directly on XRPL. Doppler Finance and OpenEden said today they will integrate tokenized Treasury Bill products into Doppler’s XRPL...