The Final Chapter of BTCFi: The Decline of the Ecosystem as Seen from the BitLayer Crash
Looking back at the rise and fall of BTCFi, we may need to re-examine the positioning of BTC in the crypto ecosystem.

Looking back at the rise and fall of BTCFi, we may need to re-examine the positioning of BTC in the crypto ecosystem.
「Ronin is coming home to Ethereum.」
Hong Kong launched the Hong Kong Virtual Asset Listing Association (HKVALA) to bring together industry and government for digital finance development. The group aims to promote cooperation, talent development, and investor protection while supporting the city’s push into tokenised assets and Web3.
Mastercard will let banks and merchants in Eastern Europe, the Middle East and Africa settle payments using Circle’s USDC and EURC stablecoins. The move aims to speed up cross-border transfers and cut costs for trade and remittances in the region.
The Federal Reserve may cut interest rates in September and has hinted at further easing measures in the future. Behind this wave of enthusiasm, the market is facing a complex macroeconomic environment. What will happen to the US stock market in the future?
$50 million evaporated in an instant! The Solana ecosystem suffered a series of attacks. How did hackers use flash loans to drain Jupiter? Should we panic amidst the market panic?
Analyze the motivations and behavior patterns of various stablecoin participants at the micro level from a micro perspective.
With the heavy deployment of Wall Street institutions, Ethereum has become the core infrastructure connecting traditional finance and the digital economy with its 55% global RWA market share, US$2.9 billion in non-stablecoin assets, and dual advantages in technology and regulation.
Taylor Thomson, wealthy heir of the giant media empire Thomson Reuters,is locked in a high-stakes legal battle with her former best friend, Ashley Richardson, after losing more than $80 million in cryptocurrency investments.
In his speech, Powell cited "sweeping changes" in tax, trade and immigration policies, saying that as a result, "the balance of risks appears to be shifting" between the Fed's goals of maximum employment and price stability.
China plans for 70 percent of its population to use AI-powered devices by 2027, aiming for nearly a billion regular users. The initiative spans industry, services, governance, and daily life, with full integration into an intelligent economy expected by 2035.
The U.S. CFTC has confirmed that offshore crypto exchanges can register under its FBOT framework and legally serve American traders. This clears years of confusion and could see major platforms like Binance and Bybit return to the U.S. market.
A man in Shanghai has sparked widespread outrage after displaying his hairless dog with a large, elaborate tattoo covering its back at a Pet Fair Asia in Shanghai, China.
Philippine Senator Bam Aquino has proposed putting the country’s entire national budget on blockchain so citizens can track all government spending. The plan builds on existing blockchain initiatives but faces technical and political challenges before it can be fully implemented.
Iran’s cryptocurrency flows have fallen sharply in 2025 following a series of destabilizing events, including renewed conflict with Israel, a $90 million hack targeting the country’s largest exchange, and Tether’s unprecedented freeze of dozens of wallets linked to Iran.
A former cryptocurrency trader was kidnapped near Paris on 26 August and released the next day with injuries, despite a €10,000 ransom demand. The attack is part of a rising trend of crimes targeting people linked to digital assets in France.
Cryptocurrencies are rapidly becoming a cornerstone of daily economic life in Venezuela, as citizens flee the collapsing currency while seeking refuge in digital assets.
ARK Invest bought $15.6 million worth of BitMine shares, raising its total investment in the company to over $300 million. BitMine is building a large Ethereum treasury, now holding 1.71 million ETH worth nearly $8 billion.
Eliza Labs has sued X Corp, claiming the company copied its AI technology and forced it into paying high fees. The startup says X banned its account after taking confidential ideas, causing serious harm to its business.
Guests at the Bitcoin Asia Summit roundtable discussed the role of stablecoins in the future of Asian finance.
Is it possible for Ethereum to surpass "digital gold" Bitcoin in the future and become the most valuable asset in the crypto world?
Binance, Zhao Changpeng, Zhao Changpeng's dialogue with the Hong Kong University: A quick overview of 10 core conclusions on stablecoins, RWA, exchanges, DAT, etc. Golden Finance, Zhao Changpeng's dialogue with the Hong Kong University: 10 golden sentences and a quick overview of the full text
The whales took advantage of the right time, place, and people to harvest $XPL in Hyperliquid's pre-market trading. This is not a random market fluctuation, but a systemic risk caused by the structural defects of the pre-market market.
Record-breaking mergers and acquisitions and IPOs in 2025 are reshaping and elevating the cryptocurrency space, driving a massive influx of new capital, institutional investors, builders, and users, fueling blockchain innovation and adoption.
A total of 10 tokens meet the fast-track listing criteria: DOGE, BCH, LTC, LINK, XLM, AVAX, SHIB, DOT, SOL, and HBAR. In addition, ADA and XRP will soon be eligible.
Cronos (CRO), the native cryptocurrency of the Crypto.com-backed Cronos Chain, spiked to multi-year highs this week after Trump Media and Technology Group announced a multi-billion-dollar partnership tied to the token.
BTC, ETH, ETF, Federal Reserve, inflation, Bitcoin's life and death game: US economic data will soon determine its short-term fate. Golden Finance, Bitcoin's short-term fate is now in the hands of US economic data.
This article aims to analyze the current status and future prospects of AI agents in the cryptocurrency industry.
The U.S. government has begun publishing U.S. GDP data on a public blockchain, marking the latest in a series of moves by the Trump administration to show support for the crypto industry, with the administration planning to expand the program in the future.
Golden Finance has launched the 2800th issue of "Golden Morning 8:00", a morning newspaper for the cryptocurrency and blockchain industry, providing you with the latest and fastest digital currency and blockchain industry news.
“DAT may be a more suitable financing tool for crypto assets. Just like ETFs were very suitable for investment strategies based on indexes or baskets of stocks in the stock market, perhaps DAT will be a new trend we will see in the next 3 to 5 years.”
Golden Finance has launched the "Golden Web3.0 Daily" to provide you with the latest and fastest MEME, DeFi, DAO, NFT and metaverse industry news.
Treasury, "Crypto Treasury" craze hides tricks: Several treasury companies are suspected of insider trading Golden Finance, Information leaks and insider trading in the crypto treasury boom
Flock has also joined the Wall Street DAT (Digital Asset Treasury) narrative camp.
In the past year, the most magical crypto story must be World Liberty Financial (WLFI).
Stablecoins are the next step in the evolution of money. Like traditional fiat currencies, they rely on the trustworthiness of sovereigns.
Is the US Stablecoin Act a "booster" for US dollar hegemony? Golden Finance: The first year of stablecoin regulation, US legislation sends shockwaves.
On the eve of the official opening of WLF token trading on September 1, the market was shrouded in a complex emotion of enthusiasm, expectation and deep doubts.