1. VanEck: Is the post-October 11th buying opportunity based on the three key factors driving BTC prices? Like most emerging asset classes, allocating to Bitcoin is both an art and a science. However, three measurable factors consistently explain the majority of BTC's price movements over time: global liquidity, leverage, and on-chain activity. Together, these factors provide investors with a practical framework for determining the scale and timing of digital asset investments. 2. The former star Kadena's dream has collapsed: What messes remain? What lessons can we learn? On October 22, 2025, the Kadena team announced that due to unfavorable market conditions, it would immediately cease all business operations and active maintenance. The team expressed gratitude to all supporters and regretted being unable to continue promoting this unique decentralized project. Kadena's native token, KDA, plummeted over 60% that day.
Click to read3.a16z: 34 charts to understand the state of the crypto industry in 2025
The world is moving entirely on-chain. When we published our first crypto report, the sector was still in its adolescence. The total market capitalization was only half of what it is today, and blockchains were slower, more expensive, and less stable. Click to Read
4. Multicoin Partner: TEE, ZK, and FHE: Three Major Privacy Technologies - Why I'm More Optimistic About FHE
Recently, discussions on on-chain privacy have continued to heat up, primarily led by Helius CEO Mert. We've invested significant time and capital in privacy technology research. Click to Read
5. Powerful Enemies, Giants Take Down: Hyperliquid's Siege
Decentralized exchanges (DEXs) are one of the most revolutionary innovations in the crypto market. It not only changes people's understanding of "transactions", but also redefines liquidity, trust, and the role of financial intermediaries. Click to read