AI并未结束，但“买AI”的方式已经变了。

Arthur Hayes is back with Flop.

VanEck: Bitcoin Pullback May Be Nearing Its End.

You know the bear market has frozen over, but this is precisely the time when the market stops reacting to bad news.

Institutions have come to view HYPE as the next opportunity at the level of ETH.

Once any new type of infrastructure is officially recognized by the state as a "public service," it follows the same trajectory: first, private capital pioneers the path, then state-owned platforms take over operations, and ultimately it becomes a municipal public utility.

Lending scale shrinks by another $11.3 billion, DeFi lending down for the third consecutive quarter, futures OI rebounds from the bottom.

Ansem is the first to productize a KOL's personal influence into a launchpad.

Harvard's endowment fund paused its reduction of Bitcoin ETF holdings in Q2, maintaining approximately $100 million in positions.

Who would have thought that traditional brokerage Robinhood would actually become the biggest dark horse in the L2 track this year.

"Hoarding rats'" stocks are starting to bounce off the bottom.

第二大以太坊财库上市公司SharpLink持仓突破86.3万枚，二季度亏损3.94亿美元。

Whether the bull market is actually here remains unknown, but rebellious and novelty-seeking attention has definitely arrived.

The vast majority of this massive bill is irrevocable and far exceeds current capital expenditure. If AI revenue falls short of expectations, this hidden "landmine" will severely hit the financial condition of these tech giants.

Reddit will be added to the S&P 500 Index on August 18, and RDDT shares rose. JPMorgan estimates that passive funds and ETFs will need to buy 16.7 million shares, nearly three times its average daily trading volume. Combined with improving profitability, this has become the main driver behind the stock's sharp movement.

When retail investors stop coming, can this protocol survive?