Greenspan lived to be 100, his legacy still suspended between that of a "prosperity manager" and an "enabler of bubbles"

เกมในสัปดาห์สำคัญ: การยืนยันการดีดกลับของ BTC และการแย่งชิงแนวรับของ HYPE | บทวิเคราะห์พิเศษ

When giants harvest downwards, DeFi can only break through sideways.

The first major move following ICE's strategic investment in OKX in March this year.

Opportunities may still exist in the downstream segment of the rare earth sector.

After the modification, the ETF directs cash flows originally belonging to the US stock market into Bitcoin.

The DeFi godfather has confidence, but the token price is weak and powerless.

Insurance industry faces its biggest competitor: Are prediction markets the "barbarians at the gate"?Free drinks at bars, housing price hedging, sports insurance… Prediction markets support customized demand.Core Thesis: Prediction market platforms (such as Kalshi and Polymarket) are encroaching on the traditional insurance sector by offering lower-cost, more transparent risk hedging tools. Covering scenarios like sports insurance, housing price hedging, and small business operational risks, this marks a fundamental shift in the risk transfer model.Key Elements:Kalshi partnered with sports insurance broker Game Point Capital to offer performance bonus hedges for NBA teams. Its pricing (e.g., 6%) is significantly lower than the traditional market (12-13%), and it is expected to process tens of millions of dollars.Polymarket partnered with real estate platform Parcl to allow users to make monthly/quarterly predictions on housing price index movements in major U.S. cities. Sellers can hedge against price drops, while buyers can hedge against price increases.The Jeffrey, a New York bar, invested $5,000 on Kalshi predicting a Knicks game win to offset the cost of a "customer free drinks" promotional event, achieving a win-win for risk transfer and marketing.Kalshi explicitly positions itself as a "small business insurance provider," offering hedges against risks related to weather, sports, and policy. This serves as a replacement for expensive and inefficient traditional insurance, suitable for industries like hospitality and retail.The insurance value of prediction markets is superior to traditional gambling: broader market scope, flexible exits; platform neutrality without being counterparty to users; transparent transaction information; and opposition to the user access model of "prohibition or bankruptcy."Challenges include insufficient liquidity, unclear regulatory boundaries (e.g., the insurance function of Kalshi/Polymarket has yet to be recognized), and decentralized risks (e.g., fraud cases involving using hairdryers to manipulate weather prediction machines).

SpaceX's recent IPO is essentially a centralized valuation event by the capital market for its entire business system. Of course, the ultimate height its valuation can reach will hinge on whether these capabilities can be consistently realized and form a stable, self-sustaining business ecosystem.

Just two weeks after its launch, Rothera now trails only Kalshi and Polymarket.

ข้อมูลส่งออกของเกาหลีใต้ผลักดันการแพร่กระจายของหน่วยความจำ AI ไปสู่ช่วงก่อนการตรวจสอบงบการเงิน

播客笔记：美光财报周三来袭，降低仓位风险静待存储板块低价机会

The AI wealth effect is sweeping across South Korea, Japan, and the Taiwan region of China, where ordinary people are experiencing an unprecedented wave of wealth creation.

The author predicts the turning point will arrive in mid-2027, much earlier than the market consensus of 2030.

When everyone refuses to yield to a company's infrastructure, the only option left is a neutral layer controlled by no one.

截止今日，40场小组赛，13场平局，全买平局的收益为+105%。