Whale Alert reported that 1,000 million USDT has been minted at the Tether Treasury.

1,000 million USDT minted

Author | Arthur Hayes
Translated by | Wu Blockchain Aki_Chen
The content of this article does not represent Wu Blockchain's perspective and does not provide any investment advice. Readers are advised to strictly comply with local laws and regulations and not participate in illegal financial activities.

Excerpt of the article:
Although Circle CEO Jeremy Allaire had to take office under the instruction of "Coinbase leader" Brian Armstrong, Circle's initial public offering (IPO)...

Arthur Hayes blog post: Circle goes public: The history and future of stablecoins

Source: <Wall Street Insight>
Author: <Zhao Ying>

With an official sale that exceeded expectations, Labubu has transitioned from being sought after at dozens of times its original price to experiencing a sudden halving of its secondary market value, with market sentiment rapidly shifting from fervent pursuit to selling off.

Just a week ago, Labubu was "hard to obtain," with scalpers monopolizing inventory through purchasing software and still finding buyers even when reselling at 10 to 30 times the original price. However, a dramatic reversal occurred on June 18-19.

On the evening of June 18, the official mini-program of PopMart conducted an unprecedented restock of the Labubu "High Energy Frontline" series and first...

Labubu starts to fall! Scalpers cut the price of the stock

Source: Wall Street Insights
Author: Beauty of Bayes
Buy when no one cares, sell when the crowd is buzzing?

In our previous article on deflation sentiment value, we conducted an in-depth analysis of this year's popular new consumer brands from the perspective of spiritual consumption. Bubble Mart, Lao Pu, and <MXBC> share a common characteristic that goes beyond the classic "Giffen effect" - they satisfy upward mobility identity aspirations at the lowest bearable cost - a broad concept of "identity economics". The core attribute of these three companies is that they allow consumers to purchase a sense of "identity" at an extremely low threshold.

The <LABUBU> phenomenon, from the first time we discussed it...