1. Is Base "stealing" Ethereum's GDP?

Standard Chartered Bank's report titled "Ethereum's Midlife Crisis" last month sparked heated discussions. The report estimated that Base caused Ethereum's market value to evaporate by $50 billion and "took away GDP", so it lowered ETH's year-end target price from $10,000 to $4,000. This leads to a core question: Did Standard Chartered misjudge ETH at the bottom of the L2 "J curve"? Or will the structural recession continue? Click to read

2. Vitalik's new proposal: Replace the current EVM with RISC-V

This article proposes a radical idea for the future of Ethereum's execution layer, which is as ambitious as Beam chain's efforts on the consensus layer. It aims to greatly improve the efficiency of Ethereum's execution layer, solve one of the main expansion bottlenecks, and also greatly improve the simplicity of the execution layer - in fact, this may be the only way. Click to read

3. Why are crypto VCs generally not making money in this cycle?

The last cycle was truly the golden age of crypto VCs. a16z and Paradigm sit on the pyramid and call the shots. Multicoin Capital became famous with Solana and other projects. During the peak period from 2021 to 2022, it is no exaggeration to say that every two or three days, a project in the DeFi/NFT/gaming field received VC financing, and the cry of Web3 revolution filled social networks. The Block Pro financing data shows that VC invested $29 billion in startups and projects in 2021, and climbed to $33.3 billion in 2022. Many VCs have made a lot of money in public chains, DeFi, and NFT. From the seed round to the listing, they even received nearly dozens or even hundreds of times the jaw-dropping return. Click to read

4. Arbitrage Methodology: How to find a "free lunch"?

Arbitrage is an old and basic trading strategy in the financial market. Its core principle is to use the price difference between different markets or products to make profits with almost no risk by buying low-priced assets and selling high-priced assets at the same time. In an ideal arbitrage situation, traders do not need to bear market directional risks because buying and selling operations are carried out simultaneously to form a hedge. Click to read

5. What the collapse of OM's $6 billion market value taught us

In the early morning of April 14, 2025, the price of OM plummeted from more than $6 to just $0.60 in a few hours, and its market value evaporated by more than $6 billion. The crash dealt a heavy blow to investors, especially considering that Mantra had previously been regarded as one of the leading projects in the field of real world assets (RWA). The resulting liquidity crunch set off a chain reaction throughout the ecosystem, as OM was widely used as collateral, exposing layers of hidden leverage on the chain that were not immediately visible. The situation is reminiscent of the collapse of LUNA and its leverage spiral. The question now is: will history repeat itself? Click to read