1. Leviathan eroded by capital barnacles: deconstructing the decentralization dilemma and the road to rebirth of Ethereum

The current market value of L2 tokens is US$15.2 billion, ununlocked The currency scale reaches US$30 billion, which is equivalent to forming a 4% invisible inflation pressure on the Ethereum ecosystem. Moreover, the average decline of the related tokens at a high of nearly 50%, and the actual impact may be higher. These L2 tokens generally have nearly 60% tokens to be unlocked, that is, there is at least US$30 billion in funds that need to be taken over by Ethereum ecological investors. Click to read

2.Arthur Hayes: How is the most feasible Bitcoin strategic reserve in the United States?

I intend to discuss the global crypto industry many people are about establishing Bitcoin strategic reserves (BSR) and the key aspirations of crypto regulation under the US rule. Broadly speaking, many misguided crypto people want the United States to print dollars and buy bitcoin as part of their reserves and to develop regulatory moats for crypto businesses that have financial interests. I believe these people have asked wrongly. Let us do a difficult thing, ask the elves for something that cannot be easily revoked from the next session, regardless of the party's ownership. Click to read

3.ARK Big Ideas 2025 encryption part quick look: BTC is expected to reach US$300,000 and the scale of stablecoin will reach US$1.4 trillion.

Catherine, a famous investor in Wall Street Wood and its subsidiary ARK Invest have released the "Big Ideas" report since 2017, and have always attracted market attention.

Big Ideas report in the previous two years saw Golden Finance's previous report "Big Ideas 2023 Report Quick View: The Currency, Finance and Internet Revolution is at a Turning Point" and "Big Ideas 2024 Report Encryption Section List: How Institutional Configuration Will Affect BTC”. On February 4, 2025, ARK Invest released the "Big Ideas 2025" report, with a total of 12 parts. Click to read

4. Demonstration of the market: See rationally whether Berachain can become the end of Defi

The end of Defi is the beginning of the next Defi. The ending of most projects towards a dead end is only in line with the natural life cycle of the plate, achieving their respective main factors of collapse, and other projects undertake their liquidity. From a high-dimensional perspective, the entire Web3 industry is still "permanent", which shows that the relationship between disks and disks built by the Web3 ecosystem is in line with a healthy ecosystem. Using this logic to observe various ecology, projects, and agreements, IWe can find that their life cycle will be shorter and shorter as the dimensions become lower, which is a reasonable phenomenon. Therefore, the "turnover rate" of the plate represents the health of the project, and the "turnover rate" of the project represents the health of the ecosystem. Next time, don’t say “no one takes over” hastily. You should take a closer look at every project’s reverse card, and abstractly decouple business logic, and no longer be fooled by those seemingly high-end concepts. Click to read

5. Why does DeFi benefit from the trade war?

Bitcoin (BTC) plunged over the weekend, falling below $100,000 as markets responded to the latest escalation in the U.S. trade dispute. The broader digital asset market also followed, leading to one of the worst selloffs since the Covid outbreak and the FTX crash. Specifically, President Donald Trump announced a new tariff of 25% on goods imported from Canada and Mexico and a new tariff of 10% on goods. Click to read