1. Crypto VC Relationship Network Map: What are the hidden rules of crypto investment

As an asset class, venture capital has always followed an extreme power law distribution. But because we are always tired of chasing the latest narrative, the specific extent of this distribution has never been studied in depth. In the past few weeks, we have developed an internal tool to track the network relationships of all crypto venture capital institutions. Why do this? Click to read

2. Can Trump really fire Powell? What economic risks will it bring?

The Federal Reserve has long prided itself on its independence from political pressure. But that tradition is facing new pressure as President Donald Trump steps up his attacks on Fed Chairman Jerome Powell for refusing to cut interest rates. Click to read

3.Wintermute Ventures: Why did we invest in Euler?

The current status of the on-chain currency market can be classified by three major architectural design frameworks: monolithic, isolated, and modular. Monolithic lending protocols restrict lending by limiting asset selection, strict loan-to-value (LTV) requirements, and high liquidation penalties. Monolithic lending protocols help improve capital efficiency by pooling collateral for different purposes and allowing re-pledge. However, they only allow the addition of new collateral types when economic conditions are limited, and usually only through governance measures.Click to read

4. Trump "gives in" and cuts tariffs? New chess game in the global game in 2025

Trump's statement is by no means a whim, but a concentrated reflection of internal and external pressures. In March 2025, the US core CPI rose 2.8% year-on-year, and used car prices soared 18%. The 145% tariff imposed on China on April 10 further pushed up prices, increasing the average annual expenditure of middle-class American families by about $5,200. If tariffs continue to increase, inflation may exceed the Fed's interest rate hike threshold, severely damaging Trump's "Tax Cut 2.0" plan and re-election prospects. Click to read

5. The truth about the "U.S. debt collapse": 4 suggestions in the liquidity crisis

Last week, many investors who invested in global fixed + products were shocked. How could they lose two months' income in one week? You should know that this type of product has always been very stable, but it is not easy to make money. It really fits the old saying about fixed income products - "making money slowly, losing money quickly". Click to read