Observations from Hong Kong Carnival × Bangkok Money 20/20

Polymarket's Q1 traffic reached 122 million visits, ranking first among crypto application websites.

The controversy surrounding prediction markets is escalating from platform compliance issues to a jurisdictional battle over regulatory authority between the U.S. federal government and state governments.

Stablecoins are progressively evolving into universal, public payment infrastructure.

The "know-it-all" of traditional finance faces a rough landing in the crypto world.

From energy to fertilizer, from helium to AI chips, this transmission chain spanning dozens of industries is far longer than most people imagine.

The most likely outcome is not redefining the phone industry, but adding one more slide to its IPO roadshow.

From technical resonance to capital repair, the market is gradually confirming a trend inflection point.

Afterward, the official account mocked critics for "staying in the shallow end," sparking a strong backlash from the community.

67% of Prediction Market Participants Are "Philanthropists"; 88% of High-Earners Rely on Luck.

Meta's third-largest M&A deal ever, announced in December 2025 and blocked in April 2026, lasted only four months.

Powell will hold his final press conference as Federal Reserve Chair on Wednesday. The era of the central bank's "plain language communication", which has lasted over a decade, may also be coming to a close. This is because his successor, Warsh, has publicly questioned whether there are too many press conferences, stating they should only be held when there is significant news to announce.

They’re not jointly backing a competitor; they’re buying insurance for a market foundation both will need in the future.

The king of the mob hasn't disappeared; he has simply learned to price things.

Whether HYPE can break through its previous high of $45.76 and whether BTC can conquer the key resistance at $80,600.

How an Ordinary Person Turns to Violence