佐爷歪脖山
The Eternal Fragments of Money: Third-Party Payment Has No First Principles
From PayPal to Stripe, From Stablecoins to Agents: Four Generations of the Payment Industry Coexist—Will This Time Be a Success?
Blaming the desolation of the crypto circle on the rise of AI is a form of intellectual laziness.
The crypto market has not disappeared, just entered a more brutal K-shaped divergence: winners take all faster, ordinary people find it harder to wait for a slow bull market.
Easing Monetary Policy Is the Real Exit: When Crypto VCs Stake Their Claims in the Agent Network Effect
In the high-value domain of finance, blockchain serves as an open finance testing ground, while stablecoins act as credentials for agent-optimized market processes—a matter not of scale or resource investment, but of mechanism design and expansion.
Ethereum Becomes a Chinese Concept Stock
ETH and Its Betrayal
Clarity Act Outlook: No Yield, No Payment
Stablecoin yield generation and liquidity recycling.
“Two Peaches, Three Warriors”: Hyperliquid’s Operational Strategy
The HL team leveraged “legitimacy” and liquidity pressure to compel the CC syndicate to offer USDC interest-sharing and $HYPE staking.
The Arbitrage Era of Harness: Rescuing DeFi from the SaaS Edge
Reinventing DeFi, the Renaissance of the AI Narrative.
Onchain ≠ Liquidity: RWAs Still Need That Final Leap
Swap Liquidity for Yield: A Comprehensive Guide to the RWA Path
Machines’ Time: When Agents Consume Stablecoins
The significance of agents for consumption and finance is entering the post-experimental implementation phase, while stablecoins carry all of crypto’s hopes.
Waiting for the Right Price: Pricing the Bubble, Valuing the Narrative
How Is the Crypto Valuation Framework Being Reshaped?
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