1. From hotel to BTC treasury enterprise, understand Metaplanet's transformation path

On June 30, 2025, Metaplanet CEO Simon Gerovich disclosed that Metaplanet recently purchased 1,005 bitcoins at a price of approximately $107,601 per bitcoin, with a total transaction amount of approximately $108.1 million. So far in 2025, the company's bitcoin yield has reached 348.8%. As of June 30, 2025, Metaplanet holds a total of 13,350 bitcoins, with an average cost of approximately $97,832 per bitcoin and a total investment of approximately $1.31 billion. Click to read

2. Pantera Partners: Encryption-driven AI Robot Era

ChatGPT has completely rewritten human expectations of artificial intelligence. When large language models began to interact with the external software world, many people thought that AI agents were the ultimate form. But if you look back at classic science fiction movies such as "Star Wars", "Blade Runner" or "RoboCop", you will find that what humans really dream of is that artificial intelligence can interact with the physical world in the form of robots. Click to read

3. Understanding the background of Robinhood's cooperation with Arbitrum: Will the listing of US stocks on the chain bring new life to layer2?

Briefly interpret the news that RobinhoodApp plans to build layer2 on Arbitrum. Click to read

4. Has the encryption industry reached a low point again? How should we deal with it?

Recently, I have browsed various social media and seen many comments criticizing or mocking the current status of the encryption industry. There are many people who have gained "fame and fortune" in this industry. The author will not comment on right or wrong for the time being. But from the perspective of a practitioner, there is no need to stand on the commanding heights and curse like a saint just because the industry is in another trough. Perhaps they have forgotten that if it were not for the existence and development of this industry, they would not have achieved what they have today. As the saying goes, "Don't forget your original intention" roughly expresses this meaning. Click to read

5. How is Hong Kong's stablecoin going to work?

For investors who are concerned about the development of virtual assets in Hong Kong, the new regulatory framework for stablecoins that came into effect on August 1 in Hong Kong provides investors with a clear picture of the industry. This week, JPMorgan Chase and Guosen Securities published a research report, pointing out that a global market with a scale of over US$230 billion is welcoming Hong Kong's compliance entry. For investors, this means that Hong Kong's stablecoin issuers, licensed virtual asset exchanges, and related financial and technology service providers will become direct beneficiaries. Click to read