Prediction markets carry clear benefits and risks, but reaching an institutional conclusion before the debate even takes place would be a hasty approach that ignores the core issues.

The old online advertising model—selling ads by capturing human attention—is gradually coming to an end, while the machine economy—where AI agents transact via APIs—is fully unfolding.

If the legal logic is fully applied, the impact will extend beyond vaults to all DeFi products that make investment decisions on behalf of users.

The current competition is not for today's marginal revenue, but to see which company can be the first to control the fund flow data of the agent economy over the next five to ten years once it fully matures.

2026 年的加密市场不再由单一叙事驱动，而是在多个细分领域寻找产品市场契合度。

Traditional financial institutions have taken market dominance, and only projects that can demonstrate mature business models and compliant licenses will secure funding.

From Elections to Crypto, from Polls to Hard Cash: How Prediction Markets Are Becoming Global Information Infrastructure.

We believe that RWA today occupies a position roughly equivalent to the internet in 1996.

The two main pathways are: directly entering jurisdictions with mature regulatory frameworks, and adopting the technical pathway of on-chain native platforms.

The next step for crypto payment cards is to become a universal financial infrastructure for everyone.

A Comprehensive Analysis of the Internet Capital Market in 2026: Structural Shifts in the US and Asia's Strategic Window of Opportunity

The Modularization of DeFi Lending: The Risk Management Battle Among Morpho, Euler, and Aave.

The situation remains unchanged. Aside from the executive order, nothing has been codified into law.

Altcoins are no longer a central focus in the future plans of all major centralized exchanges.

While the stock market has repeatedly hit new highs, the market capitalization and trading volume of cryptocurrencies have both declined.