1. Is Crypto VC "Almost Dead"? What's the Future? Industry Insider Perspectives
Galaxy Research's latest venture capital report shows that in the second quarter of 2025, cryptocurrency and blockchain startups raised a total of $1.97 billion across 378 deals, a 59% decrease in funding and a 15% decrease in deal count compared to the previous quarter. This is the second-lowest quarterly total since the fourth quarter of 2020. Click to Read
2. Interview with Pendle Founder: The Road to a Revenue Trading Empire
We recently interviewed Pendle founder TN Lee. Pendle has become one of the fastest-growing fixed income and yield trading protocols in the DeFi space, with its total locked value (TVL) exceeding billions of dollars, and stablecoins accounting for 80% of its liquidity. By splitting its assets into the principal token PT and the yield token YT, Pendle has created a two-sided market that caters to both safe-haven investors seeking guaranteed returns and risk-averse traders chasing points and excess returns. Click to read
3. Galaxy: Will the "Uptober" Continue?
Cryptocurrency flash crash severely disrupts the October rally (Uptober). The October 11th cryptocurrency flash crash resulted in the liquidation of over $19 billion in leveraged positions, and the prices of some altcoins plummeted by 50% to 75% in a matter of minutes, casting a shadow over the bullish start to the month, which had seen some major assets reach record highs. Click to read
4. Hyperliquid's Journey (Part 4): Liquidation Unfinished
October 11th was a comprehensive disaster, possessing all the elements of previous cryptocurrency crashes: FTX's liquidity depletion, the policy shock of the September 4th incident, UST's stablecoin depegging, and the March 12th "plug-in" deleveraging.
5. The Bitcoin Retirement Era
For most of the 20th century, the answer to this question was simple: your employer decided. The company provided pension funds, managed the investments, and assumed the risk. If the fund performed well, they kept the extra profits; if it performed poorly, they covered the shortfall. You had no say, but you also didn't lose anything. Click to read