This monthly report will focus on our thoughts on the current accumulation of market risks. To put it succinctly, we believe that disruptions to global supply chains since 2022 have progressively undermined the economic resilience and monetary-fiscal policy autonomy of countries such as Japan, South Korea, and Europe. This is quietly building momentum for future tremors in the global capital markets.

This week, EIGEN, FF, and KMNO will see high-proportion unlocks.

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

From declining miner profitability to a restructuring of business models, the real variable is shifting toward infrastructure value.

High-quality in-depth analysis articles and a catch-up on the week's hot topics.

Cryptocurrency will not only survive but will become a massive industry.

It may rise, but definitely not in the way you imagine—like a sudden surge of tens of percentage points at the exact moment of inclusion.

If a16z and Sequoia have already entered the fray, does investing in seed funds still make sense?

Future AI revenue boosts valuation, but near-term phone and cost pressures come first

When capital trades around the same set of expectations, SK Hynix is becoming a "thermometer" for global AI sentiment.

Gold is not dead, but it has shifted from 'rising no matter what' to 'needing a reason to rise'.

Eager for its IPO, Kraken sets its sights on DeFi

The great rout of old-guard stocks.

Perhaps the best time for a place is precisely when it begins to show you the door.

Strategy has spun the most ingenious cocoon, only to trap itself inside.

When culture becomes a liquid asset, CardBox wants to be the track that keeps it flowing.