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听说，币圈的流动性都跑去美股里，把人家美股股票当成 Meme、土狗拉了，是吗？
The explosive growth and certain prospects in the AI sector are attracting a ton of crypto talent and capital to shift its way.
By 2025, AI venture capital is expected to exceed $200 billion, while crypto only sits at $19.7 billion, creating a massive capital gap that results in a powerful resource siphoning effect.
The weekly code commits in the crypto industry have plummeted by 75% since the start of 2025, with active developers down by 56%. By early 2026, hiring in the crypto space has nosedived by 80% year-on-year, with only about 6.5 new positions created daily.
This migration is seen as a natural selection of tech talent in search of higher returns, more stable development paths, and a stronger sense of being at the tech frontier.
AI companies like OpenAI, Anthropic, and DeepSeek offer compensation and growth opportunities that far exceed the crypto industry's average, while the token incentives and remote culture that crypto once relied on are being diluted by the globalization of remote hiring and competitive salaries also provided by AI firms.
This is essentially a rational choice for tech talent during the cyclical bear market of the crypto space.
Moreover, behind star AI projects like Hermes Agent and OpenRouter are seasoned figures from the crypto industry.
They are successfully transferring the product thinking, community operations, and rapid iteration capabilities accumulated in the Web3 space to the AI track.
🚀 The hotshot Hermes Agent is backed by the open-source AI research institution Nous Research, whose CEO Jeffrey Quesnelle was the chief engineer for the Ethereum MEV infrastructure project Eden Network.
🚀 The founder of the world’s largest AI large model aggregation platform, OpenRouter, Alex Atallah, was a co-founder of OpenSea.
#Aİ #AI代理 #x402
By 2025, AI venture capital is expected to exceed $200 billion, while crypto only sits at $19.7 billion, creating a massive capital gap that results in a powerful resource siphoning effect.
The weekly code commits in the crypto industry have plummeted by 75% since the start of 2025, with active developers down by 56%. By early 2026, hiring in the crypto space has nosedived by 80% year-on-year, with only about 6.5 new positions created daily.
This migration is seen as a natural selection of tech talent in search of higher returns, more stable development paths, and a stronger sense of being at the tech frontier.
AI companies like OpenAI, Anthropic, and DeepSeek offer compensation and growth opportunities that far exceed the crypto industry's average, while the token incentives and remote culture that crypto once relied on are being diluted by the globalization of remote hiring and competitive salaries also provided by AI firms.
This is essentially a rational choice for tech talent during the cyclical bear market of the crypto space.
Moreover, behind star AI projects like Hermes Agent and OpenRouter are seasoned figures from the crypto industry.
They are successfully transferring the product thinking, community operations, and rapid iteration capabilities accumulated in the Web3 space to the AI track.
🚀 The hotshot Hermes Agent is backed by the open-source AI research institution Nous Research, whose CEO Jeffrey Quesnelle was the chief engineer for the Ethereum MEV infrastructure project Eden Network.
🚀 The founder of the world’s largest AI large model aggregation platform, OpenRouter, Alex Atallah, was a co-founder of OpenSea.
#Aİ #AI代理 #x402
☀️First off, you just need to study the crypto market,
⛈️Now, you also need to keep an eye on US stocks, AI, macro liquidity, geopolitical factors ......
The era where Bitcoin's price was driven by a single narrative (like halving cycles or digital gold) is over.
Traders are gradually realizing that Bitcoin's price is actually the result of multiple structural forces at play: ETF capital flows, miner sell pressure, corporate treasury accumulation, derivatives liquidation, regulatory policy changes, and the tightening or loosening of macro liquidity ......
Therefore, the analytical framework must shift from 【listening to stories】 to 【seeing structures】. This includes analyzing on-chain data (like illiquid supply, net exchange flows), monitoring daily ETF inflows and outflows, observing options market position distributions/expirations, and evaluating miners' break-even points and expectations around the Fed's actions ......
In this new paradigm where structure reigns, having a profound understanding of the market's microstructure often allows you to better capture market trends, rather than blindly chasing grand narratives.
⛈️Now, you also need to keep an eye on US stocks, AI, macro liquidity, geopolitical factors ......
The era where Bitcoin's price was driven by a single narrative (like halving cycles or digital gold) is over.
Traders are gradually realizing that Bitcoin's price is actually the result of multiple structural forces at play: ETF capital flows, miner sell pressure, corporate treasury accumulation, derivatives liquidation, regulatory policy changes, and the tightening or loosening of macro liquidity ......
Therefore, the analytical framework must shift from 【listening to stories】 to 【seeing structures】. This includes analyzing on-chain data (like illiquid supply, net exchange flows), monitoring daily ETF inflows and outflows, observing options market position distributions/expirations, and evaluating miners' break-even points and expectations around the Fed's actions ......
In this new paradigm where structure reigns, having a profound understanding of the market's microstructure often allows you to better capture market trends, rather than blindly chasing grand narratives.
From escaping Wall Street to returning to Wall Street
Personally, I find it ironic that Bitcoin is currently being co-opted by the establishment to achieve its mainstream status, despite its anti-establishment origins.
The genesis block of Bitcoin even has a critique of the traditional financial system etched into it.
However, the largest wave of adoption right now is being driven by the very entities it aimed to disrupt, like banks, investment banks, and asset management firms.
Major whales might also leverage the ETF's physical exchange mechanism to move Bitcoin from decentralized wallets to institutional custody accounts like those at BlackRock, in exchange for more liquid and protected fund shares within the traditional financial system.
This creates a profound paradox: Bitcoin gains the widespread recognition and legitimacy it initially dreamed of through being absorbed and regulated by the traditional financial system.
#华尔街 #比特币 #传统金融
Personally, I find it ironic that Bitcoin is currently being co-opted by the establishment to achieve its mainstream status, despite its anti-establishment origins.
The genesis block of Bitcoin even has a critique of the traditional financial system etched into it.
However, the largest wave of adoption right now is being driven by the very entities it aimed to disrupt, like banks, investment banks, and asset management firms.
Major whales might also leverage the ETF's physical exchange mechanism to move Bitcoin from decentralized wallets to institutional custody accounts like those at BlackRock, in exchange for more liquid and protected fund shares within the traditional financial system.
This creates a profound paradox: Bitcoin gains the widespread recognition and legitimacy it initially dreamed of through being absorbed and regulated by the traditional financial system.
#华尔街 #比特币 #传统金融
Head of ETH treasury firm — BITMINE, announces it will slow down its ETH purchases. Their stack is incredibly robust, holding 5.18 million ETH, of which 4.36 million are staked.
Here lies a structural cognitive gap: over 80% of investors in the crypto space only understand cryptocurrencies as price speculation.
This cognitive model is singular and linear, meaning that 【buying is the only bullish action, selling/ceasing to buy is bearish behavior】.
In reality, for institutions holding millions of ETH, price appreciation is just one dimension of their massive profit matrix.
Even though BITMINE is slowing its buying pace, their methods of earning through staking, capturing ecosystem value via protocol development, and innovating financial products to set industry standards represent a more advanced and sustainable way of being bullish and realizing value.
This is a multidimensional game of capital, showcasing the profound cognitive and behavioral gap between institutions and retail investors.
#BITMINE #DAT #以太坊 #以太坊质押 #ETH
Here lies a structural cognitive gap: over 80% of investors in the crypto space only understand cryptocurrencies as price speculation.
This cognitive model is singular and linear, meaning that 【buying is the only bullish action, selling/ceasing to buy is bearish behavior】.
In reality, for institutions holding millions of ETH, price appreciation is just one dimension of their massive profit matrix.
Even though BITMINE is slowing its buying pace, their methods of earning through staking, capturing ecosystem value via protocol development, and innovating financial products to set industry standards represent a more advanced and sustainable way of being bullish and realizing value.
This is a multidimensional game of capital, showcasing the profound cognitive and behavioral gap between institutions and retail investors.
#BITMINE #DAT #以太坊 #以太坊质押 #ETH
Ethereum co-founder Vitalik Buterin fell victim to a sandwich attack by one of the most notorious MEV bots on Ethereum, jaredfromsubway.eth, while executing a small XDB token swap worth about $3.86.
The bot manipulated the XDB price by buying and selling around Buterin's trade, utilizing approximately $1.14 million in WETH between SushiSwap and Uniswap V2.
However, after deducting around $5.14 in Gas fees, the bot actually ended up taking a loss, while Buterin's slippage loss was only a few cents.
What stands out in this incident is that even Vitalik Buterin, a co-founder of Ethereum with a deep understanding of MEV issues, could not avoid becoming a target of an MEV attack.
The often-cited "dark forest" analogy in DeFi suggests that in the public blockchain mempool, all trades are exposed to automated bot surveillance, and any profitable trade can potentially be attacked.
If an expert user like Buterin can be attacked due to improper trade settings, the threats faced by regular users are clearly much greater.
#VitalikButerin #XDB #MEV #三明治攻击 #WETH
The bot manipulated the XDB price by buying and selling around Buterin's trade, utilizing approximately $1.14 million in WETH between SushiSwap and Uniswap V2.
However, after deducting around $5.14 in Gas fees, the bot actually ended up taking a loss, while Buterin's slippage loss was only a few cents.
What stands out in this incident is that even Vitalik Buterin, a co-founder of Ethereum with a deep understanding of MEV issues, could not avoid becoming a target of an MEV attack.
The often-cited "dark forest" analogy in DeFi suggests that in the public blockchain mempool, all trades are exposed to automated bot surveillance, and any profitable trade can potentially be attacked.
If an expert user like Buterin can be attacked due to improper trade settings, the threats faced by regular users are clearly much greater.
#VitalikButerin #XDB #MEV #三明治攻击 #WETH
Looking at the ups and downs of the Bitcoin market in 2025, you can clearly see a main thread: the expansion and contraction rhythm of global central banks' (especially the Fed's) balance sheets, along with the scale of fiscal deficits in major economies, forms the 'tide force' of Bitcoin prices.
Progress in regulation, like the <a>GENIUS Act</a>, acts like a solid dam and canal, allowing this tide force to impact the crypto market in a more orderly and massive way.
Without a channel, water would flow everywhere, making it hard to gather momentum; but without water, even the best channel is just a dried-up project. The bull market of 2025 is the result of liquidity, the 'water', surging through the regulatory 'canal'.
As the market anticipates tightening liquidity by the end of 2025, no matter how smooth the channels are, when the flow weakens, prices should naturally drop. This ultimately validates that liquidity is that more fundamental and powerful core driving factor.
#流动性 #监管框架
Progress in regulation, like the <a>GENIUS Act</a>, acts like a solid dam and canal, allowing this tide force to impact the crypto market in a more orderly and massive way.
Without a channel, water would flow everywhere, making it hard to gather momentum; but without water, even the best channel is just a dried-up project. The bull market of 2025 is the result of liquidity, the 'water', surging through the regulatory 'canal'.
As the market anticipates tightening liquidity by the end of 2025, no matter how smooth the channels are, when the flow weakens, prices should naturally drop. This ultimately validates that liquidity is that more fundamental and powerful core driving factor.
#流动性 #监管框架
The 'Whale's Dominance' and Centralized Risks
One entity holds over 818,000 BTC, which goes against the decentralized vision.
Let's look at an unavoidable fundamental fact: by May 2026, just MicroStrategy alone will possess over 818,000 Bitcoins, accounting for about 4% of the total circulating supply.
This concentration of holdings has created an unprecedented 'whale position' in Bitcoin's history, capable of influencing the market ecology.
This stands in stark contrast to Satoshi's vision of one CPU, one vote, and a decentralized network on a physical level.
Saylor's victory has, in effect, intensified the centralization of Bitcoin asset ownership through massive capital.
This means that a single company's financial decisions (like dealing with debt or regulatory pressure) could cause a tsunami-like impact on the market, which itself undermines the original intent of Bitcoin's anti-fragile design.
#微策略 #DAT
One entity holds over 818,000 BTC, which goes against the decentralized vision.
Let's look at an unavoidable fundamental fact: by May 2026, just MicroStrategy alone will possess over 818,000 Bitcoins, accounting for about 4% of the total circulating supply.
This concentration of holdings has created an unprecedented 'whale position' in Bitcoin's history, capable of influencing the market ecology.
This stands in stark contrast to Satoshi's vision of one CPU, one vote, and a decentralized network on a physical level.
Saylor's victory has, in effect, intensified the centralization of Bitcoin asset ownership through massive capital.
This means that a single company's financial decisions (like dealing with debt or regulatory pressure) could cause a tsunami-like impact on the market, which itself undermines the original intent of Bitcoin's anti-fragile design.
#微策略 #DAT
✨ A new species of digital art investment!
Today is May 23, 2025, and the subscription for the third phase of token #$POMO #NCollector #RWA代币化 has entered the countdown.
Below is a quick guide to help you understand this revolutionary experiment of 'art + blockchain'👇
🎨 Top-tier Art IP + Ultra-low Subscription Threshold
The $POMO token corresponds to the late masterpiece 'Splash Ink Landscape Scroll' by Chinese ink painting master Zhang Daqian, which is currently housed in a museum in Tokyo, Japan, and insured by Mitsubishi Insurance.
92% of the total supply of 100 million tokens is open for subscription, with a single price of only 0.01U (≈¥0.07), and a minimum of 1U is required to participate. As of May 19, 50.2% of the shares have been snapped up, with the listing trading date set for May 27.
🖼️ The Scarcity and Cultural Value of Artwork
Zhang Daqian (1899-1983), known as the 'Brush of the East,' is the founder of the 'Splash Ink and Color' technique in 20th-century Chinese painting, whose works embody both traditional heritage and modern aesthetics.
The 'Splash Ink Landscape Scroll,' as a peak work of his later years, has a market valuation of 15 million to 25 million US dollars and is recognized as an important carrier of cultural heritage transmission.
🔑 $POMO Rights
✅ Physical Ownership: Proportional shared ownership of the painting, supporting 67% share forced buyout or 100% physical delivery;
✅ Governance Rights: Holders of more than 3% can propose votes on auction, IP licensing, and other matters;
✅ Revenue Rights: Share profits from exhibitions, derivative rights, etc.
📈 Performance of the First Two Collections
$YUXI (Qianlong Jade Seal) 68827293033 reached a maximum increase of 127 times;
$MICHO (Su Shi Calligraphy) 89747745610 reached a maximum increase of 29 times.
📝 Subscription Rules and Participation Path
1️⃣ Quota Acquisition: Initial quota is distributed through trading/inviting/staking contributions, and new users can receive a 'Sunshine Ray' airdrop by registering and joining the community;
2️⃣ Subscription Limit: A single account can subscribe up to 100,000 tokens (to avoid violations);
3️⃣ Operation Process: Register → Join the community → Recharge → Subscribe.
Beginner's Action Guide
🔸 Small Investment Trial: Participate with 'milk tea money' to avoid risk;
🔸 Long-term Perspective: Art value requires time to settle, beware of short-term speculation.
#ZhangDaqian #Collection #Subscription #Blockchain #Artwork #Auction #Sotheby's #CulturalRelics
The content of this article is for reference only and is not investment advice, DYOR.
Today is May 23, 2025, and the subscription for the third phase of token #$POMO #NCollector #RWA代币化 has entered the countdown.
Below is a quick guide to help you understand this revolutionary experiment of 'art + blockchain'👇
🎨 Top-tier Art IP + Ultra-low Subscription Threshold
The $POMO token corresponds to the late masterpiece 'Splash Ink Landscape Scroll' by Chinese ink painting master Zhang Daqian, which is currently housed in a museum in Tokyo, Japan, and insured by Mitsubishi Insurance.
92% of the total supply of 100 million tokens is open for subscription, with a single price of only 0.01U (≈¥0.07), and a minimum of 1U is required to participate. As of May 19, 50.2% of the shares have been snapped up, with the listing trading date set for May 27.
🖼️ The Scarcity and Cultural Value of Artwork
Zhang Daqian (1899-1983), known as the 'Brush of the East,' is the founder of the 'Splash Ink and Color' technique in 20th-century Chinese painting, whose works embody both traditional heritage and modern aesthetics.
The 'Splash Ink Landscape Scroll,' as a peak work of his later years, has a market valuation of 15 million to 25 million US dollars and is recognized as an important carrier of cultural heritage transmission.
🔑 $POMO Rights
✅ Physical Ownership: Proportional shared ownership of the painting, supporting 67% share forced buyout or 100% physical delivery;
✅ Governance Rights: Holders of more than 3% can propose votes on auction, IP licensing, and other matters;
✅ Revenue Rights: Share profits from exhibitions, derivative rights, etc.
📈 Performance of the First Two Collections
$YUXI (Qianlong Jade Seal) 68827293033 reached a maximum increase of 127 times;
$MICHO (Su Shi Calligraphy) 89747745610 reached a maximum increase of 29 times.
📝 Subscription Rules and Participation Path
1️⃣ Quota Acquisition: Initial quota is distributed through trading/inviting/staking contributions, and new users can receive a 'Sunshine Ray' airdrop by registering and joining the community;
2️⃣ Subscription Limit: A single account can subscribe up to 100,000 tokens (to avoid violations);
3️⃣ Operation Process: Register → Join the community → Recharge → Subscribe.
Beginner's Action Guide
🔸 Small Investment Trial: Participate with 'milk tea money' to avoid risk;
🔸 Long-term Perspective: Art value requires time to settle, beware of short-term speculation.
#ZhangDaqian #Collection #Subscription #Blockchain #Artwork #Auction #Sotheby's #CulturalRelics
The content of this article is for reference only and is not investment advice, DYOR.
🔍 The Confusing Behavior Awards in the Crypto Circle
🌐 The crypto world is full of strange tales! For example,
- Buying coffee with Bitcoin, and the transaction fee is more expensive than the coffee?
- Throwing a celebration party during a bear market?
- Value investing ends up being in vain, going all in on meme coins?
- "I have no hands, so I can't run away?"
- "I am Satoshi Nakamoto, designed the X Logo, and developed ChatGPT"
If you know more confusing behaviors in the crypto world, come share in the comments!
#迷惑行为 #分享 #迷惑行为大赏
🌐 The crypto world is full of strange tales! For example,
- Buying coffee with Bitcoin, and the transaction fee is more expensive than the coffee?
- Throwing a celebration party during a bear market?
- Value investing ends up being in vain, going all in on meme coins?
- "I have no hands, so I can't run away?"
- "I am Satoshi Nakamoto, designed the X Logo, and developed ChatGPT"
If you know more confusing behaviors in the crypto world, come share in the comments!
#迷惑行为 #分享 #迷惑行为大赏
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