1. How stablecoins become money: liquidity, sovereignty and credit

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

2. Is Circle, the "first stock" of stablecoins, worth buying?

The United States is vigorously promoting stablecoins, and people from all sides have gathered strongly, but the first to take the plunge is still the veteran Circle. 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 the era of regulatory arbitrage in Singapore. The former paradise is staging a Web3 "big retreat"

The Monetary Authority of Singapore (MAS) dropped a big bomb on May 30, 2025, and released a response document on the new regulations of DTSP (Digital Token Service Provider). It officially started on June 30, and there was no buffer period at all! This wave of operations directly caused the entire Asian Web3 circle to explode. Many people have not yet reacted. This policy may completely change the industry landscape. Simply put, Singapore is going to "drive out" all the unlicensed Web3 players. The former "Asian Crypto Paradise" may have to say goodbye! Click to read

4. Is Pump.fun worth $4 billion?

Seeing that Pump.fun is going to issue a coin with a valuation of $4 billion to raise $1 billion, I feel mixed emotions. It is hard to imagine that a MEME launch platform has a valuation that exceeds most DeFi blue-chip protocols. Is this sky-high valuation justified? Click to read

5.Bankless: The last piece of the DeFi puzzle

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