1. What is the core of the Sino-US game caused by Trump's tariff war? How will the market go in the future?
Everyone is paying attention to the tariff issue now. I understand, but let's not be distracted or lose sight of the big picture. Don't forget that we are in the "Fourth Turning" period - which occurs about every 80 years. If you are not familiar with the "Fourth Turning", Neil Howe and William Strauss defined it as a period of turmoil and reconstruction that occurs approximately every 80-90 years. During the Fourth Turning, society enters an existential crisis, usually catalyzed by war, revolution and other turbulent factors, during which the old system is destroyed or fundamentally reshaped in response to perceived threats. Click to read
2. Nakamoto's paper: How did the United States erode freedom and reshape the global financial order? (Excerpt)
In the United States, the twentieth century began with the centralization of power, which replaced key elements of the American tradition of freedom with a new interpretation of federal power. Participants in the 1910 Jekyll Island Conference drafted the Federal Reserve Act, which was passed into law in 1913, establishing the United States' central bank, the Federal Reserve. The Fed had a dual mandate to keep inflation low and employment high, with its primary tools being control of the money supply and the price of money through the federal funds rate. Soon after, the Fed was tested in 1929 when an unprecedented financial crisis turned into the economic crisis we know as the Great Depression. The Fed neither prevented nor mitigated either crisis, but it led many economists and political leaders to conclude that the state needed to exert more control over American economic life. America’s subsequent authoritarian turn mirrored the trajectory of other countries. Click to read
3. From "evangelist" to "harvester": Galaxy's "pump and dump" art
In the world of cryptocurrency, the distance between "evangelists" and "harvesters" is often separated by a thin, almost invisible line. This line is called "trust." The evangelist we are talking about today is Mike Novogratz, a former Goldman Sachs partner, New York Fed consultant, and now the founder and CEO of Galaxy Digital. With unparalleled passion and firm belief, he spread the vision of cryptocurrency to the world in various ways and became a voice that cannot be ignored in the industry. Click to read
4. Combing Trump's encryption map, the president's "alchemy" of currency circle ability
Looking back on Trump's encryption road, we have to start with digital cards. In June 2021, Trump at the time also advocated the "great dollar theory", denounced cryptocurrency as a "scam" that affects the value of the dollar, and said that cryptocurrency should be strictly regulated. But in less than a year and a half, Trump's law of true fragrance has been realized. Click to read
5. From being the only one to being surrounded by strong competitors, is Ethereum still going to work?
Since Bitcoin broke through its previous high (US$69,000) in 2024, while Ethereum has been getting further and further away from its previous high (US$4,800), the market has been questioning Ethereum more and more. By 2025, Ethereum fell below $3,000 in February, $2,000 in March, and even $1,500 in April. The market sentiment towards Ethereum has gradually shifted from doubt to despair and abandonment. Many ancient addresses from the ICO era have also begun to gradually clear out Ethereum. The leading institutions that once supported Ethereum have also begun to waver. Click to read