1. How Stablecoins Become Currency: Liquidity, Sovereignty, and Credit

The traditional financial system is beginning to accept stablecoins, with stablecoin trading volume continuing to grow. Stablecoins have become the best tool for building global financial technology - they are fast, nearly free, and highly programmable. The transition from old technology to new technology means we need to fundamentally change the way business operates, and this transformation will also give rise to new risks. After all, the self-custodial model priced in digital bearer assets (rather than registered deposits) is fundamentally disconnected from the banking system that has continued for hundreds of years.Click to Read

2. Is Circle, the "First Stock" of Stablecoins, Worth Buying?

The United States is heavily promoting stablecoins, with various parties strongly gathering, but the veteran Circle is still the first to break the ice. The capital market's optimism is self-evident, and for the industry, Circle's listing is far more than just selling stocks.Click to Read

3. The End of Regulatory Arbitrage in Singapore: The Former Paradise is Staging a Web3 "Mass Exodus"

The Monetary Authority of Singapore (MAS) dropped a bombshell on May 30, 2025, releasing a response document for the DTSP (Digital Token Service Provider) new regulations, and will officially start on June 30 without any buffer period! This move directly caused an uproar in the entire Asian Web3 circle, and many people haven't even reacted yet - this policy may completely change the industry landscape. Simply put, Singapore is going to "kick out" all Web3 players without a license, and the former "Asian Crypto Paradise" may be saying goodbye!Click to Read

4. Is Pump.fun Worth 40 Billion Dollars?

Seeing Pump.fun raising 1 billion dollars with a 40 billion dollar valuation leaves me with mixed feelings. It's hard to imagine that a MEME launch platform would have a valuation that surpasses most DeFi blue-chip protocols. Is this sky-high valuation reasonable?Click to Read

5. Bankless: The Last Piece of the DeFi Puzzle

Despite the total value locked on-chain reaching billions of dollars, and significant progress in wallets, interoperability, and blockchain performance, DeFi is still far from reaching its potential vast user base. In contrast, centralized exchanges (CEX) are rapidly growing users and assets - not because they are superior, but because they are more convenient.Click to Read