区块链技术 · 9113

Grayscale: Bitcoin's current price may provide a favorable entry point for long-term investors

Comparing news, Zach Pandl, head of Grayscale Research, wrote that investors are generally not advised to try to choose a time, but judging from the three aspects of structural adoption trends, market cycles, and macro risks, the current Bitcoin price may provide a favorable entry point for investors with a long-term investment perspective. Grayscale believes that the continued growth of government debt, the expansion of the application of blockchain technology in financial services, and intergenerational changes in portfolio construction indicate that the long-term adoption trend of Bitcoin is still stable. Currently, the current Bitcoin bear market has continued for about 10 months. Previously, the bear market usually lasted 11 to 12 months, and the market may have entered the late stage of the bear market. The macroeconomic environment remains a major source of uncertainty. If the Federal Reserve raises interest rates recently, Bitcoin may fall further; if interest rates are not raised, the market may have hit the bottom. Grayscale indicates that structural adoption, cycle position, and overall macro outlook are currently relatively favorable, but future performance is still uncertain.

1m ago

Overnight skyrocketing 20%! Trump is sending a big signal, the crypto market is crazy

Source: Trump's White House speech compilation: Odaily Planet Daily Original title: What did Trump say on the night of the cryptocurrency explosion? The White House organized a “Cow Comes” show! Core point of view: At the White House cryptocurrency industry executives gathering, Trump explained the results of his administration's policies to promote the development of digital assets, emphasized America's position as a global leader through executive orders, legislation, and regulatory reforms, and called on Congress to pass the CLARITY Act to strengthen competitive advantage. Key elements: 1. Participants included SEC Chairman Paul Atkins, CFTC Chairman Michael Selig, and executives such as Coinbase, Robinhood, and Ripple, highlighting the trend of cooperation between the industry and the government. During the conference, BTC once surpassed 70,000 US dollars, ETH rose nearly 20%, and the market response was positive. 2. Trump announced the dismissal of former SEC Chairman Gary Gensler, terminated “Operation Blockpoint 2.0,” and signed an executive order banning CBDC and launching “Project Crypto” to reform the rules. 3. The government establishes US strategic Bitcoin reserves and digital asset reserves to use Bitcoin as a permanent asset of the Treasury; the “GENIUS Act” paves the way for widespread adoption of US dollar stablecoins. 4. The CFTC approved the first Bitcoin perpetual futures contract and promoted Hyperliquid compliance into the US, showing the gradual implementation of the regulatory framework. 5. Trump criticized the high interest rate policy, arguing that interest rates should be cut to support growth when economic data is strong; he emphasized that the fintech revolution has created jobs and wealth, and that the stock market has reached 80 new highs in a year and a half. 6. He called on Congress to pass the “CLARITY Act” as market structure legislation to ensure that the US continues to lead competitors such as China in the fields of encryption and AI. Editor's note: In the early morning of August 20, Beijing time, the White House held a meeting of cryptocurrency industry executives. Trump himself attended and delivered a speech. Government executives such as SEC and CFTC, industry representatives from Robinhood, Coinbase, Ripple, Gemini, a16z, etc., and senior traditional finance executives such as the Intercontinental Exchange and NASDAQ all attended the conference. Perhaps influenced by this positive signal, the cryptocurrency industry soared at night. At one point, BTC broke the $70,000 mark, and ETH rose close to 20%. Below is Trump's own statement on his speech at the conference. Seriously, a group of important people came to the scene today. If you love the world of finance as much as I do — I really love finance — all of you here today are big names in the financial world. It's incredible that you might not know some of them, but anyone in the financial world should know every one of them. Thank you so much for being here today. We're excited to welcome some of America's best talent in finance, cryptocurrency, and technology. In Washington, D.C., we are about to welcome the first meeting of the US Commodity Futures Trading Commission (CFTC) Innovation Advisory Committee (Innovation Advisory Committee). It's a committee of very smart people who will give us suggestions and tell us what we should do. Right, Paul (referring to SEC Chairman Paul Atkins)? They'll tell us a few things. But I think Paul probably knows these issues better than anyone else, and he did a great job. We're very happy with Paul, and I think everyone thinks the same. He's really amazing. From the cryptocurrency market and prediction market, to traditional finance, to decentralized finance, the people in this room are making sure that the future of the commercial market can be created and improved here in the US. We are competing with many other countries for control of these markets, market share, and the profits, jobs, and everything else they create. And we did a great job. We are leading the way in every aspect, including artificial intelligence, and by a huge margin. We want to continue this lead. I would like to thank CFTC Chairman Michael Selig for his outstanding leadership. (Find someone first) Michael, come over... (Then suddenly found him around) Why am I so close that I almost didn't recognize you. At the same time, I would like to thank a very special person, someone who has been respected by everyone for a long time. I would have liked him to take this role — I wanted him to do this job before he became SEC chairman. Paul Atk...

2d ago22#BTC skyrocketed #Trump

HSBC and Standard Chartered complete the first real-time tokenized deposit transaction on Swift's blockchain ledger

In comparison, according to CoinDesk, HSBC (HSBC) and Standard Chartered Bank (Standard Chartered) have completed the first real-time tokenized deposit transaction on the Swift blockchain ledger. The transaction marks progress of traditional financial institutions in using blockchain technology to process tokenized deposits, and the two parties have achieved real-time transfer and settlement of deposit tokens through Swift's distributed ledger infrastructure. As a global interbank messaging and clearing network, Swift is promoting the application of its blockchain ledger to tokenized assets and deposit scenarios to improve the efficiency of cross-border and inter-agency funds. As major international banks, this collaboration between HSBC and Standard Chartered demonstrates the viability of tokenized deposits in actual business and helps explore the further integration of traditional finance and blockchain infrastructure.

3d ago

Robinhood CEO: Tokenization will reshape the entire financial system, traditional assets, or fully on-chain

Comparing news, Robinhood CEO Vlad Tenev said that asset tokenization (tokenization) will become an important trend in future financial markets and ultimately change the entire global financial system. In an interview with CNBC's “Squawk Box,” Tenev said that tokenization not only applies to crypto assets, but will also cover traditional financial assets such as stocks, private equity, and real estate. Blockchain technology can improve asset transaction efficiency, reduce intermediate costs, and allow more investors to obtain market opportunities that were difficult to participate in before. Tenev also discussed the future direction of financial services such as predictive markets and intelligent trading agents (Agentic Trading). He said Robinhood is transforming from a simple trading platform to a wider range of financial infrastructure providers and hopes to use blockchain technology to drive the next generation of capital markets. “Tokenization will eat up the entire financial system.” Tenev has previously stated that the tokenization trend is like an unstoppable high-speed train, and financial assets may gradually migrate to on-chain operation in the future. Robinhood has continued to advance its tokenization strategy in recent years, including exploring the tokenization of private company equity to enable retail investors to access private equity markets traditionally dominated by institutions. Tenev believes that consumers have a strong demand for private equity investment, and tokenization can be an important bridge between traditional finance and crypto infrastructure. Bloomberg Additionally, Industry insiders believe that as financial institutions such as BlackRock and Robinhood accelerate the deployment of real-world asset (RWA) tokenization, the on-chain integration of traditional stocks, bonds, funds, and other financial assets is becoming an important trend in the fintech sector. However, issues such as regulatory frameworks, asset ownership confirmation, and investor protection remain key challenges that need to be addressed in large-scale popularization. (CNBC) This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)

3d agoburnking

Analysis: The era of easy earnings in the crypto industry is coming to an end, and over 100 projects have gone out of business in 2026

In comparison, Global Settlement Network (GSN) CEO Ryan Kirkley said that the crypto industry is experiencing a round of large-scale liquidation, and projects with inflated valuations, weak business models, and lack of sustainable revenue are leaving the market one after another. Over 100 crypto projects have shut down, filed for bankruptcy, or virtually disappeared since 2026. Kirkley believes that this wave of failure is largely a result of the financing frenzy from 2020 to 2021. Many projects received huge financing at excessive valuations at the time, but lacked real revenue and profit paths, and were eventually forced to rely on continuous financing to maintain operations. According to Galaxy Research data, venture capital in the crypto and blockchain sector in the first quarter of 2026 was about US$4 billion, involving 355 transactions. The capital scale fell by about half compared to the fourth quarter of 2025, while the number of transactions fell by only 16%, indicating that the contraction in capital was mainly due to a decrease in large-scale financing. Kirkley believes that stablecoins, digital banks, and institutional wallets and settlement infrastructure may become winners after the industry clears up, while social tokens, memes, and some Web3 game projects will face more severe tests. For Bitcoin, Kirkley said the market is currently in a mild bear market, with $6.12 million as a key support level. If it falls below this position, leveraged funds may be forced to sell off, further opening up room for a decline to $41,000. Meanwhile, Kirkley said that he has met with government representatives from 7 countries in the past month, and the interest of institutions and governments in blockchain technology is increasing, but their focus is more on applications such as reducing financial costs, tokenized assets, and cross-border settlement, rather than the decentralized financial system emphasized by the traditional crypto industry. This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)

4d agoburnking

Fintech company Chime explores bringing stablecoins to consumer banking platforms

Comparing news, according to Bloomberg, the fintech company Chime Financial is exploring introducing stablecoins as a new feature into its consumer banking platform. This is also the latest sign of the further expansion of stablecoin applications from the crypto market to the field of everyday payments. People familiar with the matter revealed that Chime invited blockchain technology companies to submit plans at the end of spring this year, hoping to provide an end-to-end stablecoin wallet service. It's unclear which technology vendor Chime will eventually choose, as well as specific stablecoin products and features.

8d ago

Mitsubishi UFJ Financial Group plans to use blockchain to launch an instant settlement service for Japanese treasury bonds

Comparatively, Japan's largest banking group, Mitsubishi UFG Financial Group (MUFG), plans to use blockchain technology to provide instant settlement services for some Japanese treasury bond (JGB) transactions. According to the report, MUFG plans to use tokenized money market funds and stablecoins to carry out blockchain-based Japanese treasury bond repurchase transactions to shorten the settlement process for traditional securities transactions. (Nihon Keizai Shimbun)

10d ago

588 days, 300+ Web3 projects fall: who's still at the table?

Source: Foresight News Author: Eric Original title: In 588 days, 300+ Web3 projects sank into the deep sea and sailed a thousand sails by the side of a sinking ship, and the disease tree is ahead of time. On the way to prosperity, any industry must go through a round of “dead bodies are everywhere” of elimination, and Web3 is no exception. According to Foresight News's review of public information, since 2025, at least 78 Web3 projects with a total funding amount of more than 1.5 million US dollars have been announced to be shut down. Of these, 69 projects that can confirm the amount of financing have taken away more than 900 million US dollars in total. If you count the small projects that didn't get financing from institutions and died silently, the total number is far over 300. This means that over the past nearly 600 days, an average Web3 project died every two days, or was famous or unknown. Of the 75 projects counted by Foresight News, 37 were shut down throughout 2025, while 41 were shut down in just half of 2026, and 17 were shut down in a single quarter in the second quarter, setting the highest number in a single quarter since this round of clearance. The “hot” DappRadar, Zapper, and established exchanges including BitMEX and AscendEX (formerly BitMax) in the last round of the bull market have all put an end to their business careers in nearly two years. The reshuffle did not stop as the market picked up; on the contrary, it accelerated. After receiving millions of dollars or even tens of millions of dollars in financing, every team that has stepped into this new world has had the proud ambition of “laughing at the sky and going out. Are our generation people from Fenghao?” But after a few years of being baptized in the market, these cold and cruel numbers are still in front of everyone's eyes. Emerging markets are also markets, and Web3 isn't more gentle than other industries. “Not being able to support myself” is the number one “cause of death”. Looking at the “cause of death” of 75 projects, the first one ranked was “insufficient funding,” with 31 projects falling on this issue, accounting for more than 40%; followed by “insufficient market demand,” and 17 companies shut down as a result. The two added up are close to two-thirds of the total. In other words, the vast majority of projects die for only one reason: they have never been able to support themselves. The expressions used by these projects in the shutdown announcement are similar. Many of them say “after trying our best to find a path to sustainable development, we have not found a path to sustainable development.” The subtext of this sentence is: At the beginning of the project, there was actually no idea how to do it, or the initial idea was very different from the actual situation in the market. Some industry observers rated this wave of bankruptcy as “a direct reflection of the failure of the business model and the breakdown of the capital chain, rather than simply fluctuating market sentiment,” which can be described as hitting the head. The investment logic of the primary market has completely changed in the past two years. The first question investors meet is no longer “how much room do you have for imagination”, but “how to make money.” The first batch of projects whose revenue did not cover operating costs or tell a new story fell after the financing floodgates were tightened. The OSL Institute summarized this shift in its annual report as the industry moving from the “first half” to the “second half”: a growth model driven by rising asset prices and innovative agreements came to an end, and the market moved “from narrative to delivery.” To put it more bluntly, the market and capital are no longer willing to pay for “experiments,” and the project's self-hematopoietic ability has become a necessity. Compared to the reason they wanted to be clear, the five projects that announced that the “model is unsustainable” seemed much more honest. For example, Goldfinch, which made unsecured credit loans, lost blood and shut down due to continued bad loans to emerging market companies; the social game Fantasy.Top, which is a popular social game that relies on tokens to motivate, makes it difficult to sustain the incentive model after the popularity recedes. The “unsustainable model” is a very interesting reason for the collapse. Most unsecured credit loans in traditional financial markets are based on big data or personal past credit records to set reasonable limits. As an emerging “lending company,” Goldfinch dares to provide unsecured credit loans in emerging markets without credit data. This is not a problem that can be solved by cryptocurrency and Web3 alone. Obviously, the reason for the birth of this company with a total financing amount of nearly 40 million is hard to convince. I don't know how top institutions like a16z were fooled into entering the market. Additionally, some companies have died due to regulation. Mango Markets shut down through a community vote after reaching a settlement with the SEC...

10d ago22#WEB3

Nansen CEO: If Robinhood issues coins, it will weaken stock value, L2 strategy focuses on technology

Comparing news, Alex Svanevik, CEO of blockchain data analysis agency Nansen, said in a recent interview that Robinhood is unlikely to launch a token because it may compete with its listed company HOOD stock. Previously, the market speculated that Robinhood might follow some crypto projects to launch ecological tokens, but at present, the company is more likely to use blockchain as an underlying technology tool rather than establish a business system around tokens. Alex Svanevik pointed out that the Layer 2 network currently launched by Robinhood already operates on the Ethereum ecosystem and has gas tokens to pay network fees, so there is no need to issue an additional platform token. The core purpose of Robinhood's blockchain infrastructure is to use blockchain technology to enhance product capabilities, rather than to finance or build a new economic model by issuing tokens. This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)

13d agoburnking

Hyperliquid Policy Center submits statement to CFTC calling for support for on-chain perpetual futures innovation

In comparison, the Hyperliquid Policy Center (HPC) announced that it has submitted a policy statement on the US Commodity Futures Trading Commission (CFTC) Agricultural Advisory Committee meeting to support the participation of US users in the on-chain derivatives market and call on regulators to adopt a gradual path to promote the development of innovative products such as perpetual futures (Perpetual Futures). According to HPC, the US derivatives market originated in agriculture. In the 19th century, the Midwestern Food Exchange helped farmers and traders discover prices and manage future delivery risks through futures contracts. Since 1922, US futures market regulation has been part of the Department of Agriculture for a long time, until Congress established the CFTC in 1974, and responsibility for supervising the agency was handed over to the Senate and House Agriculture Committees. Modern derivatives regulation should still revolve around actual users of the market. Agricultural producers and processors have always been important clients of the CFTC, and market participants' needs for product selection, risk management tools, and market innovation should also be an important reference for the evolution of regulatory policies. HPC points out that perpetual futures are now becoming an important innovative derivative in the digital asset era. The committee's discussions on product selection, risk management gaps, and market modernization are highly relevant to current regulators exploring the regulatory framework for on-chain derivatives. In the submitted statement, HPC made three main points: 1. Market selection is essential for risk management. Users in the agricultural and other derivatives markets need more tools to choose. Past experience limiting innovative products shows that closing market choices without adequate evaluation may result in costs. 2. It is a reasonable direction for the CFTC to promote the regulation of perpetual futures in stages. According to HPC, the development of new derivatives should be driven by end user needs rather than simply relying on regulatory assumptions. 3. Public blockchain can improve the efficiency of financial infrastructure. HPC believes that blockchain technology can drive the modernization of clearing and settlement systems, improve collateral liquidity, and continue to meet the requirements of the Commodity Exchange Act (Commodity Exchange Act) for market integrity and risk protection. This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)

15d agoburnking