Strategy浮亏超百亿仍在低位增持；ETH、SOL财库公司亏损规模持续扩大。

Core Thesis: The competition in stablecoin payments is shifting from consumer-facing U-card products to B2B underlying infrastructure. Capital is betting on service providers like WasabiCard that offer card issuance, APIs, settlement, and compliance capabilities. Their growth can leverage enterprise clients to create compounding effects, potentially reshaping the industry landscape.Key Elements:WasabiCard completed a nearly $10 million Pre-A funding round, with investors including Avenir Group, the family office of Li Lin. The company has raised nearly $10 million to date, focusing on global card issuance resources and compliance system building.A Fireblocks report shows that nearly 90% of institutions have engaged with stablecoin payments, with 49% using them for payment scenarios. Global stablecoin on-chain transfer volume reached $33 trillion, a 72% year-over-year increase, surpassing the combined volumes of Visa and Mastercard.The consumer U-card model (e.g., RedotPay: 6 million users, $10 billion annual transaction volume) relies on external card issuance and compliance partnerships, making it difficult to sustain long-term. The B2B infrastructure model (e.g., BVNK: $30 billion annual processing volume) was acquired by Mastercard for $1.8 billion, demonstrating a higher competitive moat.WasabiCard has served over 500 enterprise clients, issued more than 500,000 cards, surpassed $1 billion in transaction volume, and supports multi-chain access. Positioned as a "white-label" global card issuance and payment API infrastructure, it leads in B2B payout capabilities (most valued by 41% of clients) and compliance (34%).Traditional payment giants are accelerating their moves: Stripe acquired Bridge for $1.1 billion, Mastercard plans to acquire BVNK for $1.8 billion, and Visa intends to expand stablecoin-linked cards to over 100 countries, indicating that infrastructure is the key strategic position.

The top unicorn is finally opening its doors to retail investors.

Recently, a controversy surrounding rampant in-game bots caught GMA's attention — Rugpull Bakery, a competitive baking game on the Abstract chain, found itself embroiled in a dispute over automated scripts in its second season. Players accused bot accounts of undermining fairness, and the team ultimately chose to "legalize" them in the third season, adding a 30% passive prize pool.

Where does the high cost-effectiveness of memory lie?

This is a textbook case of "liquidity transmission failure" and a typical example of the brutality of a deep bear market.

The four major peak signals have not been fully triggered, but each one is closer to the warning line than at the beginning of the year—the window is still open, but it is slowly narrowing.

Private key leaks, token minting, the bear market drama never ends.

SpaceX is reportedly set to list on the Nasdaq on June 12, with an initial offering price of $135 per share. Investors are focusing on the IPO timeline, valuation fairness, and how to participate in related opportunities through SPACEX(PRE) and SPCX.

บริษัทที่ชนะในที่สุดจะไม่ใช่บริษัทที่มี GPU มากที่สุด

The "UEX Panoramic Exchange," which enables investing in global assets with a single account, has become the core proposition for breaking the deadlock.

อะไรคือการวิจัยเชิงลึกที่มนุษย์ควรทำในยุค AI และวิธีสร้างความสัมพันธ์แบบเสริมกันระหว่างฉันกับ AI

LP: Can you give me the most straightforward, no-nonsense profit-making strategy?

This article analyzes the AI Agent economy, AI Payment, AI Protocol, and AIFi, pointing out that current AI Payment is still mostly stuck in the H2A phase, while the real trend will be the A2A ecosystem and the Agent Autonomous economy. As AI Agents gradually become independent economic entities, AI Protocol and Crypto Protocol will converge, driving the identification, exchange, and capitalization of AI-native value.

Market News: SBF Formally Requests a Pardon from Trump.

Under the dual themes of trade friction and AI, a look at global asset allocation directions for the second half of the year.