WWDC这一夜它向Google借了模型，向Nvidia借了算力，向用户借了又一年耐心。

Using different rulers to measure the same thing.

2026年筑底，2029年冲顶？

Arthur Hayes旗下基金Maelstrom已清倉AI股票，減持加密貨幣，並加倉能源生產企業。

市場真正關心的不是一次系統更新，而是蘋果能不能把 AI 嵌進全球最大的消費電子生態。

It turns out that fans are the liquidity exit for Arthur Hayes.

In order to develop STRC, Strategy chose to sacrifice the core metric of MSTR: "Bitcoin holdings per share."

優秀的穩定幣不應只是價值的「錨」，更應成為用戶財富持續增長的工具。

When risk is no longer about "sudden liquidation," that might be the starting point for the next evolution of DeFi.

Despite unrealized losses exceeding tens of billions, Strategy continues to accumulate at lower prices; losses for corporate treasuries holding ETH and SOL are expanding.

Capital is flowing into card issuance, compliance, clearing, settlement, and enterprise APIs. The dividends of stablecoin payments are shifting from the "card" to the "infrastructure."

頂級獨角獸，終向散戶敞開大門。

最近，一條關於遊戲內機器人氾濫的爭議解決引起了 GMA 的關注 —— Abstract 鏈上的競技性烘焙遊戲 Rugpull Bakery 在第二賽季中陷入了自動化腳本氾濫引起的爭議，玩家指責機器人帳號破壞公平性，而團隊最終選擇在第三賽季將其「合法化」並新增 30% 被動獎池。

這是教科書式的「流動性傳導失敗」，也是深熊殘酷性的典型樣本。