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錯殺幣圈?產業人士批X限流加密推文,X高管:是幣圈人愛發劣質內容加密內容淪為「垃圾資訊」?數據揭示機器人活動激增 1,200% 在加密貨幣社群中,社群媒體平台 X(前身為 Twitter)一直是市場洞察、項目更新與鏈上分析的核心交流中心。然而,這塊曾經的社群淨土正陷入前所未有的治理危機。 鏈上數據分析機構 CryptoQuant 創辦人 Ki Young Ju 近期公開對 X 平台發難,指責該平台在打擊自動化垃圾資訊方面顯得力不從心,反而轉向壓制合法的加密貨幣相關內容。 圖源:X/@ki_young_ju CryptoQuant 創辦人 Ki Young Ju 指責 X 在打擊自動化垃圾資訊方面顯得力不從心,反而轉向壓制合法的加密貨幣相關內容 根據 CryptoQuant 旗下 Radar 工具的數據監測,在 2026 年 1 月 9 日當天,與關鍵字「Crypto」相關的自動化貼文數量出現驚人成長,單日產生超過 770 萬則貼文,較先前水準激增超過 1,200%。 圖源:Ki Young Ju 在 2026 年 1 月 9 日當天,與關鍵字「Crypto」相關的自動化貼文數量出現驚人成長,單日產生超過 770 萬則貼文,較先前水準激增超過 1,200% 這股排山倒海而來的 AI 生成垃圾資訊,迫使 X 的演算法將整個「加密貨幣」主題標籤視為潛在的垃圾資訊來源,進而觸發了大規模的演算法降權,導致真實使用者的帳號也遭到誤傷。 演算法誤傷與「付費詐騙」:社群質疑 X 平台治理失能 Ki Young Ju 強調,隨著人工智慧技術的進步,機器人帳號的出現已不可避免,問題核心在於 X 平台缺乏區分自動化帳號與人類使用者的有效能力。 他特別針對馬斯克(Elon Musk)推行的付費驗證系統提出嚴厲批判,認為該系統已失去最初作為過濾工具的功能,反而成為機器人「付費進行騷擾」的通行證。在目前機制下,擁有藍勾勾認證的機器人帳號能藉由付費獲得更高的曝光權限,而真正的社群使用者卻發現其內容觸及率大幅下降。 許多加密帳號反映,儘管發佈的是具有教育意義的深度長文或技術圖表,其瀏覽量往往被限制在 300 至 800 次之間,呈現明顯的「限流」跡象。Ju 對此感到荒謬,認為 X 平台寧願採取封殺加密內容這種簡單粗暴的手段,也不願投入心力改良其機器人檢測技術。 X 產品主管反擊:CT 正在「自殺」,低品質貼文耗盡流量 針對社群日益高漲的不滿情緒,X 平台的產品負責人 Nikita Bier 給出了截然不同的解釋。Bier 認為,所謂的「加密推特」(Crypto Twitter, CT)能見度下滑並非全然是演算法的錯,更多是出於使用者「自殘式」的行為模式。 圖源:X/@DegenerateNews X 平台的產品負責人 Nikita Bier 認為所謂的「加密推特」(Crypto Twitter, CT)能見度下滑,更多是出於使用者「自殘式」的行為模式 他指出,許多加密帳號為了維持熱度,每日頻繁發佈大量低價值的資訊,例如重複發送數百次「GM」(早安)或參與毫無意義的互動,這類行為在 Bier 眼中無異於「自殺」。 由於一般使用者每日滾動瀏覽的貼文量僅約 20 至 30 則,當帳號消耗掉珍貴的顯示配額來發佈「WAGMI」或「LFG」等刷存在感的廢文時,當其隨後發佈真正重要的專案更新時,粉絲的資訊流早已被填滿,導致實質內容無法被看見。 然而,這番說法並未平息眾怒,不少資深使用者反駁稱,X 團隊忽視了加密社群是支撐平台活力的重要基石,盲目執行 2025 年 12 月上線的垃圾資訊防治更新,正讓平台變得對加密產業極不友善。 馬斯克承諾演算法透明化,Grok 介入能否挽救社群生態? 根據《彭博社》報導,在本次爭議聲中,X 平台所有者馬斯克於 2026 年 1 月 10 日宣佈了一項重大計劃:X 將在 7 天內對外公開其演算法程式碼,展示平台如何篩選貼文與廣告。 馬斯克承諾,此後每 4 週將更新一次演算法透明度,並附帶詳細的開發者說明,以回應外界對內容偏好與限流的質疑。 此外,X 計劃深度整合由 xAI 開發的 AI 聊天機器人 Grok,由其每日評估全平台貼文,目標是透過更精準的 AI 識別來過濾低品質內容,並向使用者推薦真正感興趣的高品質資訊。 儘管馬斯克過去曾有多次未能如期履行透明化承諾的紀錄,但面對印尼與英國等各國監管機構對 Grok 生成內容的嚴厲審視,X 平台此次的自我修正顯得格外急迫。對於加密社群而言,未來一週的演算法公開將是關鍵,這不僅關乎資訊傳播的自由度,更決定了 X 是否能繼續穩坐全球加密通訊樞紐的寶座。 延伸閱讀 馬斯克Grok改圖亂象頻傳!Coser、未成年人遭AI脫衣,多國出手調查 X將推智慧現金標籤!推文直連加密貨幣價格、智慧合約,傳將開放交易? 『錯殺幣圈?產業人士批X限流加密推文,X高管:是幣圈人愛發劣質內容』這篇文章最早發佈於『加密城市』

錯殺幣圈?產業人士批X限流加密推文,X高管:是幣圈人愛發劣質內容

加密內容淪為「垃圾資訊」?數據揭示機器人活動激增 1,200%

在加密貨幣社群中,社群媒體平台 X(前身為 Twitter)一直是市場洞察、項目更新與鏈上分析的核心交流中心。然而,這塊曾經的社群淨土正陷入前所未有的治理危機。

鏈上數據分析機構 CryptoQuant 創辦人 Ki Young Ju 近期公開對 X 平台發難,指責該平台在打擊自動化垃圾資訊方面顯得力不從心,反而轉向壓制合法的加密貨幣相關內容。

圖源:X/@ki_young_ju CryptoQuant 創辦人 Ki Young Ju 指責 X 在打擊自動化垃圾資訊方面顯得力不從心,反而轉向壓制合法的加密貨幣相關內容

根據 CryptoQuant 旗下 Radar 工具的數據監測,在 2026 年 1 月 9 日當天,與關鍵字「Crypto」相關的自動化貼文數量出現驚人成長,單日產生超過 770 萬則貼文,較先前水準激增超過 1,200%。

圖源:Ki Young Ju 在 2026 年 1 月 9 日當天,與關鍵字「Crypto」相關的自動化貼文數量出現驚人成長,單日產生超過 770 萬則貼文,較先前水準激增超過 1,200%

這股排山倒海而來的 AI 生成垃圾資訊,迫使 X 的演算法將整個「加密貨幣」主題標籤視為潛在的垃圾資訊來源,進而觸發了大規模的演算法降權,導致真實使用者的帳號也遭到誤傷。

演算法誤傷與「付費詐騙」:社群質疑 X 平台治理失能

Ki Young Ju 強調,隨著人工智慧技術的進步,機器人帳號的出現已不可避免,問題核心在於 X 平台缺乏區分自動化帳號與人類使用者的有效能力。

他特別針對馬斯克(Elon Musk)推行的付費驗證系統提出嚴厲批判,認為該系統已失去最初作為過濾工具的功能,反而成為機器人「付費進行騷擾」的通行證。在目前機制下,擁有藍勾勾認證的機器人帳號能藉由付費獲得更高的曝光權限,而真正的社群使用者卻發現其內容觸及率大幅下降。

許多加密帳號反映,儘管發佈的是具有教育意義的深度長文或技術圖表,其瀏覽量往往被限制在 300 至 800 次之間,呈現明顯的「限流」跡象。Ju 對此感到荒謬,認為 X 平台寧願採取封殺加密內容這種簡單粗暴的手段,也不願投入心力改良其機器人檢測技術。

X 產品主管反擊:CT 正在「自殺」,低品質貼文耗盡流量

針對社群日益高漲的不滿情緒,X 平台的產品負責人 Nikita Bier 給出了截然不同的解釋。Bier 認為,所謂的「加密推特」(Crypto Twitter, CT)能見度下滑並非全然是演算法的錯,更多是出於使用者「自殘式」的行為模式。

圖源:X/@DegenerateNews X 平台的產品負責人 Nikita Bier 認為所謂的「加密推特」(Crypto Twitter, CT)能見度下滑,更多是出於使用者「自殘式」的行為模式

他指出,許多加密帳號為了維持熱度,每日頻繁發佈大量低價值的資訊,例如重複發送數百次「GM」(早安)或參與毫無意義的互動,這類行為在 Bier 眼中無異於「自殺」。

由於一般使用者每日滾動瀏覽的貼文量僅約 20 至 30 則,當帳號消耗掉珍貴的顯示配額來發佈「WAGMI」或「LFG」等刷存在感的廢文時,當其隨後發佈真正重要的專案更新時,粉絲的資訊流早已被填滿,導致實質內容無法被看見。

然而,這番說法並未平息眾怒,不少資深使用者反駁稱,X 團隊忽視了加密社群是支撐平台活力的重要基石,盲目執行 2025 年 12 月上線的垃圾資訊防治更新,正讓平台變得對加密產業極不友善。

馬斯克承諾演算法透明化,Grok 介入能否挽救社群生態?

根據《彭博社》報導,在本次爭議聲中,X 平台所有者馬斯克於 2026 年 1 月 10 日宣佈了一項重大計劃:X 將在 7 天內對外公開其演算法程式碼,展示平台如何篩選貼文與廣告。

馬斯克承諾,此後每 4 週將更新一次演算法透明度,並附帶詳細的開發者說明,以回應外界對內容偏好與限流的質疑。

此外,X 計劃深度整合由 xAI 開發的 AI 聊天機器人 Grok,由其每日評估全平台貼文,目標是透過更精準的 AI 識別來過濾低品質內容,並向使用者推薦真正感興趣的高品質資訊。

儘管馬斯克過去曾有多次未能如期履行透明化承諾的紀錄,但面對印尼與英國等各國監管機構對 Grok 生成內容的嚴厲審視,X 平台此次的自我修正顯得格外急迫。對於加密社群而言,未來一週的演算法公開將是關鍵,這不僅關乎資訊傳播的自由度,更決定了 X 是否能繼續穩坐全球加密通訊樞紐的寶座。

延伸閱讀
馬斯克Grok改圖亂象頻傳!Coser、未成年人遭AI脫衣,多國出手調查
X將推智慧現金標籤!推文直連加密貨幣價格、智慧合約,傳將開放交易?

『錯殺幣圈?產業人士批X限流加密推文,X高管:是幣圈人愛發劣質內容』這篇文章最早發佈於『加密城市』
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Can overseas exchanges launch Taiwan indices? Is Bybit's listing of TWINDEX legal? Analyzing 3 major risksBybit lists TWINDEX,境外 platform launches 'Taiwan Index' product Last year, a trading product named TWINDEX quietly appeared on the overseas cryptocurrency exchange Bybit, sparking market attention. Investors can now trade a derivative product labeled as the 'Taiwan Index' on overseas platforms without going through Taiwan securities brokers or entering the local futures market. Image source: Bybit, overseas cryptocurrency exchange. On the Bybit platform, a trading product named TWINDEX has quietly appeared From the product page, TWINDEX is not a physical index, but rather an index-based contract based on Taiwan stock market data, with a trading form closer to Contracts for Difference (CFD) or index perpetual contracts.

Can overseas exchanges launch Taiwan indices? Is Bybit's listing of TWINDEX legal? Analyzing 3 major risks

Bybit lists TWINDEX,境外 platform launches 'Taiwan Index' product

Last year, a trading product named TWINDEX quietly appeared on the overseas cryptocurrency exchange Bybit, sparking market attention. Investors can now trade a derivative product labeled as the 'Taiwan Index' on overseas platforms without going through Taiwan securities brokers or entering the local futures market.

Image source: Bybit, overseas cryptocurrency exchange. On the Bybit platform, a trading product named TWINDEX has quietly appeared

From the product page, TWINDEX is not a physical index, but rather an index-based contract based on Taiwan stock market data, with a trading form closer to Contracts for Difference (CFD) or index perpetual contracts.
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U.S. Banks Resist Stablecoin Interest! Warn of $6.6 Trillion in Deposit Risks, JPMorgan Steps In to Support StablecoinsThe American Bankers Association warns of stablecoin risks, fearing outflows of deposits Last week, (Crypto City) reported that the Community Bankers Committee under the American Bankers Association (ABA) sent a letter to the Senate on January 5, urging Congress to take action to fix loopholes in the stablecoin regulation bill (GENIUS). Financial institutions are concerned that although the GENIUS Act restricts stablecoin payments of interest, crypto companies still offer incentives similar to deposit interest through various means, aiming to draw large amounts of funds away from the traditional banking system. Related reports: The Genius Act bans stablecoin issuers from paying interest! Two platforms exploit loopholes: we now offer 'rewards' instead.

U.S. Banks Resist Stablecoin Interest! Warn of $6.6 Trillion in Deposit Risks, JPMorgan Steps In to Support Stablecoins

The American Bankers Association warns of stablecoin risks, fearing outflows of deposits

Last week, (Crypto City) reported that the Community Bankers Committee under the American Bankers Association (ABA) sent a letter to the Senate on January 5, urging Congress to take action to fix loopholes in the stablecoin regulation bill (GENIUS).

Financial institutions are concerned that although the GENIUS Act restricts stablecoin payments of interest, crypto companies still offer incentives similar to deposit interest through various means, aiming to draw large amounts of funds away from the traditional banking system.

Related reports:
The Genius Act bans stablecoin issuers from paying interest! Two platforms exploit loopholes: we now offer 'rewards' instead.
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VC firm a16z raises over $15 billion! Betting on 3 core technologies to disrupt traditional industry boundariesAnnouncing control over the fate of U.S. technology, a16z raises $15 billion for a century-long vision The top U.S. venture capital firm Andreessen Horowitz (a16z) officially announced on January 9 that it has successfully raised over $15 billion (approximately 480 billion TWD) for five dedicated funds, aiming to strengthen America's leading position in key technology industries. Company co-founder Ben Horowitz emphasized in the statement that the U.S. currently faces immense pressure from global competitors (such as China), and without gaining technological superiority, it risks a comprehensive collapse across economic, military, and cultural dimensions.

VC firm a16z raises over $15 billion! Betting on 3 core technologies to disrupt traditional industry boundaries

Announcing control over the fate of U.S. technology, a16z raises $15 billion for a century-long vision

The top U.S. venture capital firm Andreessen Horowitz (a16z) officially announced on January 9 that it has successfully raised over $15 billion (approximately 480 billion TWD) for five dedicated funds, aiming to strengthen America's leading position in key technology industries.

Company co-founder Ben Horowitz emphasized in the statement that the U.S. currently faces immense pressure from global competitors (such as China), and without gaining technological superiority, it risks a comprehensive collapse across economic, military, and cultural dimensions.
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UK Launches New 2026 Crypto Regulation! Application Window Opened, Comprehensive Review of Crypto Firms' EligibilityRegulatory timeline confirmed: official application window opens in September 2026 According to the latest notice released by the UK's Financial Conduct Authority (FCA), the UK is moving towards establishing a more formal regulatory framework for crypto assets. The regulator has clearly outlined a more transparent timeline, requiring relevant businesses to seek new licenses, or else face operational restrictions. FCA expects to officially open the application window for the so-called 'Gateway' initiative in September 2026, allowing crypto asset firms to submit licensing applications. This timeline is set before the new regulatory framework officially takes effect in October 2027, aiming to provide the industry with sufficient transition preparation time.

UK Launches New 2026 Crypto Regulation! Application Window Opened, Comprehensive Review of Crypto Firms' Eligibility

Regulatory timeline confirmed: official application window opens in September 2026

According to the latest notice released by the UK's Financial Conduct Authority (FCA), the UK is moving towards establishing a more formal regulatory framework for crypto assets. The regulator has clearly outlined a more transparent timeline, requiring relevant businesses to seek new licenses, or else face operational restrictions.

FCA expects to officially open the application window for the so-called 'Gateway' initiative in September 2026, allowing crypto asset firms to submit licensing applications. This timeline is set before the new regulatory framework officially takes effect in October 2027, aiming to provide the industry with sufficient transition preparation time.
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X to launch Smart Cashtags! Tweets directly link to cryptocurrency prices and smart contracts, rumors suggest possible trading launch?X to launch Smart Cashtags feature, tweets directly link to cryptocurrency prices X platform (formerly Twitter) under Elon Musk reveals it is developing a new feature called Smart Cashtags. When users click on a Smart Cashtag, the X app will directly open a dedicated page displaying real-time prices, price changes, charts, and related articles mentioning the asset. Nikita Bier, X's product lead, said the Smart Cashtags feature allows users to precisely specify the asset they are referring to when entering tags such as Bitcoin ($BTC) or Nvidia stock ($NVDA), covering both stocks and cryptocurrencies, and even enabling fine-grained targeting down to individual blockchain smart contracts.

X to launch Smart Cashtags! Tweets directly link to cryptocurrency prices and smart contracts, rumors suggest possible trading launch?

X to launch Smart Cashtags feature, tweets directly link to cryptocurrency prices

X platform (formerly Twitter) under Elon Musk reveals it is developing a new feature called Smart Cashtags. When users click on a Smart Cashtag, the X app will directly open a dedicated page displaying real-time prices, price changes, charts, and related articles mentioning the asset.

Nikita Bier, X's product lead, said the Smart Cashtags feature allows users to precisely specify the asset they are referring to when entering tags such as Bitcoin ($BTC) or Nvidia stock ($NVDA), covering both stocks and cryptocurrencies, and even enabling fine-grained targeting down to individual blockchain smart contracts.
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Expanding UK Crypto Payment Footprint! Ripple Gains FCA Approval, Becomes a Compliant Electronic Money InstitutionObtaining an EMI license and crypto-asset registration expands Ripple's payment footprint in the UK Ripple, a leading enterprise blockchain solutions provider, officially announced on January 9, 2026, that its UK subsidiary, Ripple Markets UK LTD, has successfully obtained regulatory approval from the UK's Financial Conduct Authority (FCA). According to official registration records, the subsidiary has been authorized to operate as an authorized Electronic Money Institution (EMI) and has also completed registration for crypto-asset business activities in compliance with the UK's Money Laundering Regulations (MLRs). Source: Ripple Markets UK LTD has successfully obtained regulatory approval from the UK's Financial Conduct Authority (FCA)

Expanding UK Crypto Payment Footprint! Ripple Gains FCA Approval, Becomes a Compliant Electronic Money Institution

Obtaining an EMI license and crypto-asset registration expands Ripple's payment footprint in the UK

Ripple, a leading enterprise blockchain solutions provider, officially announced on January 9, 2026, that its UK subsidiary, Ripple Markets UK LTD, has successfully obtained regulatory approval from the UK's Financial Conduct Authority (FCA). According to official registration records, the subsidiary has been authorized to operate as an authorized Electronic Money Institution (EMI) and has also completed registration for crypto-asset business activities in compliance with the UK's Money Laundering Regulations (MLRs).

Source: Ripple Markets UK LTD has successfully obtained regulatory approval from the UK's Financial Conduct Authority (FCA)
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The 'Crypto Mom' leads the mission, first stop Miami on 1/27, but sparks online backlash?The 'Crypto Mom' leads the mission, launching a 'Regulatory Tour' The U.S. Securities and Exchange Commission (SEC) announced that its 'Crypto Task Force' will travel to Miami on January 27 to hold face-to-face discussions with local early-stage crypto entrepreneurs and project leaders. The initiative is led by SEC Commissioner Hester Peirce, aiming to gather industry insights and promote a clearer regulatory framework. Peirce stated on the social platform X: 'The SEC's Crypto Task Force is on the move again, and we want to hear the real voices of early-stage teams and small projects.' She also encouraged businesses to proactively reach out to the SEC to share their operational models and regulatory challenges.

The 'Crypto Mom' leads the mission, first stop Miami on 1/27, but sparks online backlash?

The 'Crypto Mom' leads the mission, launching a 'Regulatory Tour'

The U.S. Securities and Exchange Commission (SEC) announced that its 'Crypto Task Force' will travel to Miami on January 27 to hold face-to-face discussions with local early-stage crypto entrepreneurs and project leaders. The initiative is led by SEC Commissioner Hester Peirce, aiming to gather industry insights and promote a clearer regulatory framework.

Peirce stated on the social platform X: 'The SEC's Crypto Task Force is on the move again, and we want to hear the real voices of early-stage teams and small projects.' She also encouraged businesses to proactively reach out to the SEC to share their operational models and regulatory challenges.
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Can the crypto bull market return to historical highs? Bitwise analyzes the three key variables determining how far this rally can goThe cryptocurrency market started 2026 on a solid note, with Bitcoin and Ethereum posting weekly gains of 4.7% and 10%, respectively. Meanwhile, Dogecoin (DOGE), a key barometer of market speculative sentiment, surged over 20% in a single week. Strong buying pressure indicates that investors' risk appetite has fully returned. However, is this surge a fleeting moment or the start of a comeback? Digital asset management firm Bitwise released a report on Tuesday stating that whether the crypto market can return to glory this year—or even set new historical highs—depends on passing 'three major tests.' Bitwise investment chief Matt Hougan analyzed in the report that although the start was impressive, the cryptocurrency market still needs to meet 3 core conditions to sustain this rally. The good news is that the first hurdle appears to have been successfully passed.

Can the crypto bull market return to historical highs? Bitwise analyzes the three key variables determining how far this rally can go

The cryptocurrency market started 2026 on a solid note, with Bitcoin and Ethereum posting weekly gains of 4.7% and 10%, respectively. Meanwhile, Dogecoin (DOGE), a key barometer of market speculative sentiment, surged over 20% in a single week. Strong buying pressure indicates that investors' risk appetite has fully returned.

However, is this surge a fleeting moment or the start of a comeback? Digital asset management firm Bitwise released a report on Tuesday stating that whether the crypto market can return to glory this year—or even set new historical highs—depends on passing 'three major tests.'

Bitwise investment chief Matt Hougan analyzed in the report that although the start was impressive, the cryptocurrency market still needs to meet 3 core conditions to sustain this rally. The good news is that the first hurdle appears to have been successfully passed.
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Could the Black Dahlia and Zodiac Killer Be the Same Person? How a Private Detective Used AI to Solve a Century-Old MysteryAI Solves the Case? The Black Dahlia and Zodiac Killer May Be the Same Person The two most notorious unsolved cases in American history, the 'Black Dahlia' and the 'Zodiac Killer,' have inspired countless films and books over the decades and remain mysteries that the public is eager to uncover. However, a private investigator recently claimed to have cracked the 'Z13 Cipher' left by the Zodiac Killer using AI technology, suggesting that these two serial murders spanning different eras were committed by the same individual. The key evidence has already been submitted and is currently awaiting final review by forensic experts and law enforcement agencies.

Could the Black Dahlia and Zodiac Killer Be the Same Person? How a Private Detective Used AI to Solve a Century-Old Mystery

AI Solves the Case? The Black Dahlia and Zodiac Killer May Be the Same Person

The two most notorious unsolved cases in American history, the 'Black Dahlia' and the 'Zodiac Killer,' have inspired countless films and books over the decades and remain mysteries that the public is eager to uncover.

However, a private investigator recently claimed to have cracked the 'Z13 Cipher' left by the Zodiac Killer using AI technology, suggesting that these two serial murders spanning different eras were committed by the same individual. The key evidence has already been submitted and is currently awaiting final review by forensic experts and law enforcement agencies.
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Vitalik on Power Imbalance in Crypto Governance: Is It Time to Reset the Balance? Code Is Law, But Not AbsoluteAs 2025 comes to a close, Ethereum co-founder Vitalik Buterin published an in-depth article on the governance structures within the crypto ecosystem, titled (The Balance of Power in Crypto Governance). In it, he highlights several potential risks in current crypto governance and calls for a reevaluation of the power balance among developers, communities, L1 protocol designers, and token holders. Developer vs. Community: Who Decides? What Vitalik first focuses on is the dominant role developers play in crypto projects. He points out that many communities, despite appearing decentralized on the surface, are actually still led by a small group of core developers in decision-making. He notes that while this model has its efficiency, it also easily leads to abuse of power, lack of transparency, and even a departure from the original ethos. "We often say we want the community to be in charge, but in reality, it's the development team that sets the direction," Buterin wrote.

Vitalik on Power Imbalance in Crypto Governance: Is It Time to Reset the Balance? Code Is Law, But Not Absolute

As 2025 comes to a close, Ethereum co-founder Vitalik Buterin published an in-depth article on the governance structures within the crypto ecosystem, titled (The Balance of Power in Crypto Governance). In it, he highlights several potential risks in current crypto governance and calls for a reevaluation of the power balance among developers, communities, L1 protocol designers, and token holders.

Developer vs. Community: Who Decides?

What Vitalik first focuses on is the dominant role developers play in crypto projects. He points out that many communities, despite appearing decentralized on the surface, are actually still led by a small group of core developers in decision-making. He notes that while this model has its efficiency, it also easily leads to abuse of power, lack of transparency, and even a departure from the original ethos. "We often say we want the community to be in charge, but in reality, it's the development team that sets the direction," Buterin wrote.
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Are Stablecoins Really Cash? After the Passage of the GENIUS Genius Act, Accounting Standards May Be AdjustedEditor's note: The U.S. Financial Accounting Standards Board has included "whether stablecoins can be classified as cash equivalents" and "how to account for cryptocurrency transfers" in its 2026 priority agenda. On the surface, these appear to be technical accounting issues, but beneath them lies a struggle over regulatory recognition, politics, and capital market acceptance of crypto assets: on one side, the (Genius Act) is pushing stablecoins toward mainstream adoption through institutionalization, while on the other, GAAP still contains many gray areas—particularly regarding when an asset should be "derecognized" and how cross-chain and wrapped tokens should be classified, leading to inconsistent reporting practices in corporate financial statements. For investors, the real significance of this discussion is not merely "whether stablecoins can be counted as cash," but rather risk disclosure, transparency, and comparability: as stablecoins become more like cash and also more like financial instruments, financial statements must provide clearer boundaries. Below is the original content:

Are Stablecoins Really Cash? After the Passage of the GENIUS Genius Act, Accounting Standards May Be Adjusted

Editor's note: The U.S. Financial Accounting Standards Board has included "whether stablecoins can be classified as cash equivalents" and "how to account for cryptocurrency transfers" in its 2026 priority agenda. On the surface, these appear to be technical accounting issues, but beneath them lies a struggle over regulatory recognition, politics, and capital market acceptance of crypto assets: on one side, the (Genius Act) is pushing stablecoins toward mainstream adoption through institutionalization, while on the other, GAAP still contains many gray areas—particularly regarding when an asset should be "derecognized" and how cross-chain and wrapped tokens should be classified, leading to inconsistent reporting practices in corporate financial statements.

For investors, the real significance of this discussion is not merely "whether stablecoins can be counted as cash," but rather risk disclosure, transparency, and comparability: as stablecoins become more like cash and also more like financial instruments, financial statements must provide clearer boundaries. Below is the original content:
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Are Crypto Miners Stockpiling for AI Transformation? Riot Sells Bitcoin Aggressively, Cashes Out $200 Million in Two MonthsTo catch the AI wave, Bitcoin mining leader Riot Platforms (US stock code: RIOT) is willing to 'sell Bitcoin for cash,' having offloaded 2,201 Bitcoins by the end of last year, generating approximately $200 million. According to Riot Platforms' disclosure, the company sold 383 Bitcoins in November and 1,818 Bitcoins in December last year, reducing its on-hand Bitcoin holdings to 18,005 Bitcoins. Miners selling Bitcoin have long had various possible reasons, including paying operational costs, adjusting asset allocation, or responding to market volatility. However, Matthew Sigel, Head of Digital Assets Research at VanEck, points out that Riot's recent Bitcoin sales may be closely related to its AI data center strategy.

Are Crypto Miners Stockpiling for AI Transformation? Riot Sells Bitcoin Aggressively, Cashes Out $200 Million in Two Months

To catch the AI wave, Bitcoin mining leader Riot Platforms (US stock code: RIOT) is willing to 'sell Bitcoin for cash,' having offloaded 2,201 Bitcoins by the end of last year, generating approximately $200 million.

According to Riot Platforms' disclosure, the company sold 383 Bitcoins in November and 1,818 Bitcoins in December last year, reducing its on-hand Bitcoin holdings to 18,005 Bitcoins.

Miners selling Bitcoin have long had various possible reasons, including paying operational costs, adjusting asset allocation, or responding to market volatility. However, Matthew Sigel, Head of Digital Assets Research at VanEck, points out that Riot's recent Bitcoin sales may be closely related to its AI data center strategy.
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If the Strategy Is Good, Why Not Profit Yourself? Three Papers Reveal the Harsh Truth Behind Selling IndicatorsIn the world of cryptocurrency trading, many people often follow specific 'trading indicators.' However, numerous papers indicate that most trading strategies claimed to yield stable profits through backtesting are not actually proven effective in the market, but rather are survivorship bias examples. It's like scoring full marks on 100 past college entrance exam questions—this doesn't mean you'll perform equally well on this year's exam. This is the 'overfitting' trap in trading strategies. A more realistic question is: if a strategy truly performs so well, why not leverage it yourself instead of selling or publicly sharing it?

If the Strategy Is Good, Why Not Profit Yourself? Three Papers Reveal the Harsh Truth Behind Selling Indicators

In the world of cryptocurrency trading, many people often follow specific 'trading indicators.' However, numerous papers indicate that most trading strategies claimed to yield stable profits through backtesting are not actually proven effective in the market, but rather are survivorship bias examples. It's like scoring full marks on 100 past college entrance exam questions—this doesn't mean you'll perform equally well on this year's exam. This is the 'overfitting' trap in trading strategies. A more realistic question is: if a strategy truly performs so well, why not leverage it yourself instead of selling or publicly sharing it?
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CZ's New Book Title 'Binance Life,' Post Emphasizes No Connection to Meme Coins—Isn't This a Pump Signal?CZ publicly clarifies: the new book is solely a memoir, unrelated to any token Zhao Changpeng (CZ) recently posted on social platform X, addressing rumors circulating in the market about a potential connection between his upcoming memoir (Binance Life) and related meme coins. CZ stated that he is indeed writing a memoir, with the tentative Chinese title 'Binance Life,' while the English title has not yet been finalized. He emphasized that the entire book has no relation whatsoever to any token issuance, meme coin activities, or exchange listing decisions. Image source: X/@cz_binance Zhao Changpeng (CZ) posted to clarify that his upcoming memoir (Binance Life) has no connection to related meme coins

CZ's New Book Title 'Binance Life,' Post Emphasizes No Connection to Meme Coins—Isn't This a Pump Signal?

CZ publicly clarifies: the new book is solely a memoir, unrelated to any token

Zhao Changpeng (CZ) recently posted on social platform X, addressing rumors circulating in the market about a potential connection between his upcoming memoir (Binance Life) and related meme coins. CZ stated that he is indeed writing a memoir, with the tentative Chinese title 'Binance Life,' while the English title has not yet been finalized. He emphasized that the entire book has no relation whatsoever to any token issuance, meme coin activities, or exchange listing decisions.

Image source: X/@cz_binance Zhao Changpeng (CZ) posted to clarify that his upcoming memoir (Binance Life) has no connection to related meme coins
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Unyielding on the FTX scandal, Trump says no pardon, SBF's appeal hopes officially dashedTrump clearly denied clemency, marking the end of SBF's hopes for exoneration U.S. President Donald Trump recently stated in an interview with (The New York Times) that he is currently not considering using presidential clemency for Sam Bankman-Fried (SBF), the founder of the FTX exchange. In an interview, Trump explicitly stated he has no intention of helping this senior executive, who is currently serving time for a large-scale financial fraud case. Although Trump has shown strong support for the cryptocurrency industry during his campaign, and his family members have deep ties to projects such as American Bitcoin and World Liberty Financial, he clearly has no intention of extending this favoritism to SBF.

Unyielding on the FTX scandal, Trump says no pardon, SBF's appeal hopes officially dashed

Trump clearly denied clemency, marking the end of SBF's hopes for exoneration

U.S. President Donald Trump recently stated in an interview with (The New York Times) that he is currently not considering using presidential clemency for Sam Bankman-Fried (SBF), the founder of the FTX exchange.

In an interview, Trump explicitly stated he has no intention of helping this senior executive, who is currently serving time for a large-scale financial fraud case.

Although Trump has shown strong support for the cryptocurrency industry during his campaign, and his family members have deep ties to projects such as American Bitcoin and World Liberty Financial, he clearly has no intention of extending this favoritism to SBF.
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No rush to ring the bell! Ripple reiterates no IPO plans for now, with ample cash on handRipple CEO Monica Long says the company currently has no IPO plans and emphasizes that Ripple's financial condition is solid, with the company preferring expansion through acquisitions and product development rather than going public. Monica Long mentioned during a Tuesday interview with (Bloomberg): 'At this stage, we still plan to remain private. Companies usually pursue an IPO to gain investor support or liquidity from the public market, but our financial condition is very healthy, and we are fully capable of funding and investing in the company's growth without going public.'

No rush to ring the bell! Ripple reiterates no IPO plans for now, with ample cash on hand

Ripple CEO Monica Long says the company currently has no IPO plans and emphasizes that Ripple's financial condition is solid, with the company preferring expansion through acquisitions and product development rather than going public.

Monica Long mentioned during a Tuesday interview with (Bloomberg): 'At this stage, we still plan to remain private. Companies usually pursue an IPO to gain investor support or liquidity from the public market, but our financial condition is very healthy, and we are fully capable of funding and investing in the company's growth without going public.'
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The First State-issued US Dollar Stablecoin in the U.S. Arrives: Wyoming's 'FRNT' Now Open for PurchaseOn Wednesday, the U.S. state of Wyoming announced the official launch of the first state-issued US dollar-pegged stablecoin in the nation — the 'Frontier Stable Token (FRNT)' — now available for public purchase. This stablecoin was designed under the guidance of the 'Wyoming Stable Token Commission,' and a representative from Wyoming stated: FRNT marks a major milestone in financial innovation — it perfectly combines the security and regulatory oversight of state government-managed reserves with the efficiency and transparency of blockchain technology.

The First State-issued US Dollar Stablecoin in the U.S. Arrives: Wyoming's 'FRNT' Now Open for Purchase

On Wednesday, the U.S. state of Wyoming announced the official launch of the first state-issued US dollar-pegged stablecoin in the nation — the 'Frontier Stable Token (FRNT)' — now available for public purchase.

This stablecoin was designed under the guidance of the 'Wyoming Stable Token Commission,' and a representative from Wyoming stated:

FRNT marks a major milestone in financial innovation — it perfectly combines the security and regulatory oversight of state government-managed reserves with the efficiency and transparency of blockchain technology.
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South Korea's Supreme Court Rules, Bitcoins in Exchange Accounts Can Be Legally Seized and Officially Included in Criminal LawThe Supreme Court has ruled that bitcoins can be legally seized According to a report by the Chosun Ilbo, South Korea's Supreme Court recently issued a pivotal ruling, clearly stating that bitcoins held in cryptocurrency exchange accounts are considered assets that can be legally seized, effectively ending the long-standing legal debate over whether digital assets qualify as seizure targets under criminal law. This case originated from a money laundering investigation. During the investigation, authorities seized 55.6 bitcoins from the exchange account of a suspect referred to only as 'A', with a market value of approximately 600 million KRW, equivalent to about 413,000 USD at the time.

South Korea's Supreme Court Rules, Bitcoins in Exchange Accounts Can Be Legally Seized and Officially Included in Criminal Law

The Supreme Court has ruled that bitcoins can be legally seized

According to a report by the Chosun Ilbo, South Korea's Supreme Court recently issued a pivotal ruling, clearly stating that bitcoins held in cryptocurrency exchange accounts are considered assets that can be legally seized, effectively ending the long-standing legal debate over whether digital assets qualify as seizure targets under criminal law.

This case originated from a money laundering investigation. During the investigation, authorities seized 55.6 bitcoins from the exchange account of a suspect referred to only as 'A', with a market value of approximately 600 million KRW, equivalent to about 413,000 USD at the time.
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Binance Launches TradFi Perpetual Contracts, USDT Settlement Enables 24/7 Trading of Gold and Silver[Content provided by Binance (Binance)] Binance, the world's largest cryptocurrency exchange by trading volume and user count, today announced the official launch of TradFi perpetual contracts. This innovative product category allows users to trade traditional assets through USDT-denominated perpetual contracts, further expanding Binance's derivatives product lineup. It unlocks 24/7 access to diverse traditional financial markets for users, offering new trading opportunities. Binance's Deputy Head of Products, Jeff Li, said: 'The launch of TradFi perpetual contracts is a significant step in connecting traditional finance with crypto innovation. By offering round-the-clock access to traditional assets and combining it with a smooth and secure trading experience, we help users more effectively diversify and manage their investment portfolios. Supported by robust regulatory compliance and trust, this product creates new opportunities for both crypto traders on the Binance platform and participants in traditional finance.'

Binance Launches TradFi Perpetual Contracts, USDT Settlement Enables 24/7 Trading of Gold and Silver

[Content provided by Binance (Binance)]

Binance, the world's largest cryptocurrency exchange by trading volume and user count, today announced the official launch of TradFi perpetual contracts. This innovative product category allows users to trade traditional assets through USDT-denominated perpetual contracts, further expanding Binance's derivatives product lineup. It unlocks 24/7 access to diverse traditional financial markets for users, offering new trading opportunities.

Binance's Deputy Head of Products, Jeff Li, said: 'The launch of TradFi perpetual contracts is a significant step in connecting traditional finance with crypto innovation. By offering round-the-clock access to traditional assets and combining it with a smooth and secure trading experience, we help users more effectively diversify and manage their investment portfolios. Supported by robust regulatory compliance and trust, this product creates new opportunities for both crypto traders on the Binance platform and participants in traditional finance.'
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