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Four Pillars

打破加密货币霸权:释放信息的力量
2026.07.22

South Korean Exchange Long-Tail Anomaly: Why Is the Listing Effect So Prominent?

85% of funds are crowding into altcoins, structural barriers create a unique KRW new listing bonus.

South Korea
South Korean Exchange Long-Tail Anomaly: Why Is the Listing Effect So Prominent?
2026.07.21

HIP-3 Perpetual Futures Arbitrage Practice: SK Hynix ADR Premium Trading Opportunity

From 25% to 51% Premium: How HIP-3 Makes SKHX/SKHY the Best Trading Tool for Cross-Border Equity Spreads.

SK Hynix
HIP-3 Perpetual Futures Arbitrage Practice: SK Hynix ADR Premium Trading Opportunity
2026.06.10

Ethena Exclusive Interview: USDe Is Not Just a High-APY Product—It’s System-Level Dollar Infrastructure for Crypto

From Synthetic Dollar to Financial Coordination Layer: Ethena Team Details USDe’s Long-Term Vision

Ethena
Ethena Exclusive Interview: USDe Is Not Just a High-APY Product—It’s System-Level Dollar Infrastructure for Crypto
2026.03.13

2025 South Korea CEX Token Listings Retrospective: Investing in New Tokens = 70% Loss?

The performance of tokens newly listed on Korean exchanges in 2025 shows no fundamental difference from Binance’s structural level.

CEX
2025 South Korea CEX Token Listings Retrospective: Investing in New Tokens = 70% Loss?
2026.03.09

How to Accurately Value Cryptocurrencies?

This article aims to construct a valuation framework tailored to the characteristics of tokens.

valuation
How to Accurately Value Cryptocurrencies?
2025.12.16

Restructuring consensus in the crypto market

Speculative changes that once seemed distant are now being implemented with clear direction.

Restructuring consensus in the crypto market
2025.10.22

Regulation, the highest barrier prediction markets must overcome

Kalshi's trading volume surpassing Polymarket proves that compliance is not a constraint, but a core competitive factor.

Regulation
Prediction market
Regulation, the highest barrier prediction markets must overcome
2025.10.20

Monad mainnet is即将 launching, these dApps are worth watching

Monad's high-performance EVM ecosystem ignites a wave of innovative applications.

Monad
dApp
Monad mainnet is即将 launching, these dApps are worth watching
2025.09.18

In-depth analysis of the capital博弈 behind the delayed launch of the Korean won stablecoin

The launch of the Korean won stablecoin is already late.

Korean won
stablecoin
In-depth analysis of the capital博弈 behind the delayed launch of the Korean won stablecoin
2025.09.17

Chronicles of the Fat Penguin

NFTs are not merely speculative tools, but IP assets capable of creating real commercial value.

Pudgy
Penguins
Chronicles of the Fat Penguin
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