By 2026, the privacy track will be an essential path for Web3 to evolve into a mature financial system.

Based on a16z Crypto's outlook report, this article details the three core trends shaping the AI+Crypto landscape in 2026.

This article uses the "Net Flow Efficiency Ratio" as a key metric to evaluate the efficacy of buybacks. Only when the buyback capital flow rate significantly exceeds the token unlock and inflation flow rates (NFER > 1.0) can the buyback effectively translate into secondary market price appreciation. Conversely, buyback funds merely act as a "cushion" and may even accelerate selling by large holders.

This report will dissect Figure's Q3 financial results and evaluate whether its "blockchain-native" strategy constitutes a true moat, as well as its long-term investment value in the increasingly crowded RWA sector, based on recent updates to its revenue sources and business model.

SEC Chairman Paul Atkins pointed out that the entire U.S. financial market, including stocks, fixed income, Treasury bonds, and real estate, may fully migrate to the blockchain technology architecture that underpins cryptocurrencies within the next two years. This could be considered the most significant structural change to the U.S. financial system since the advent of electronic transactions in the 1970s.

The next phase of encryption will no longer be built solely on code, but will rely more on clear asset allocation and regulatory frameworks. The key to a company's success lies in its ability to leverage the speed advantage of exemptions while steadfastly moving towards verifiable decentralization and robust compliance, thereby transforming regulatory complexity into a competitive advantage in the global market.

Latin America is undergoing a financial infrastructure revolution driven by currency failure.

Japan's stablecoin market is exhibiting a "dual-track" or "binary" development pattern. This pattern is not an accidental market evolution, but rather the result of a "top-level design" formed by the combined effects of Japan's unique regulatory framework, deep-seated industrial needs, and drastically different technological implementation paths.

Classifying Polymarket as a speculative platform is a serious misinterpretation. Its core function is to compress and securitize collective human judgments about future events into a tradable financial asset in real time. Therefore, to truly understand its pricing system, we must go beyond the superficial intuition that "$0.90 represents a 90% probability."

Did the market maker passively trigger the chain liquidation, or did it proactively withdraw its liquidity offer when risks intensified?

At present, non-US dollar stablecoins are far from US dollar stablecoins in terms of scale and liquidity, but their logical basis for existence is solid, and their development is an inevitable historical trend.

The long-term value ceiling of Plasma is, in a sense, the future of the entire crypto-finance.

The AP2 protocol recently released by Google defines the underlying rules for payments and transactions for the upcoming Agent economy.

We'll take a look at 20 noteworthy projects within the Base ecosystem. By analyzing their market positioning and capital performance, we'll assess the true depth of the ecosystem and further uncover the sources of its future growth. This not only provides a supplementary perspective on the Base App's transformational achievements but also serves as a crucial reference for evaluating the future strategic direction of the entire Base network.

Judging from market performance, BTC-related DATs have experienced a brief downturn, the ETH narrative seems to have completed its first roller-coaster ride, and SOL's treasury model appears poised for a surge. What logic and risks lie hidden behind this glamor?