Max.S
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The "Performance Pains" of Traditional Giants: Warnings from Coinbase and Robinhood's Q4 Earnings Reports
For Coinbase and Robinhood, the "record-breaking" year of 2025 is history. The theme for 2026 will no longer be "growth," but "resilience." In 2026, the two giants must prove to the market that they have enough cash flow to survive until next summer.
Max.S
Crisis or Feast? A Look at the Risks of Japanese Bonds Below 57,000 Points and the New Logic of Global Asset Allocation
Just 24 hours ago, Japanese financial history was rewritten. The Nikkei 225 index surged by more than 2,700 points, breaking through to a historic high of 57,000 points.
Max.S
Crypto.com spends a whopping $70 million to acquire AI.com; ERC-8004 will power AI Agent infrastructure.
From how the ERC-8004 protocol grants AI agents "on-chain sovereignty" to the underlying restructuring of payment and identity layers, the narrative center of the crypto market is shifting from "serving human retail investors" to "serving silicon-based agents." This ultimate battle over traffic entry points and infrastructure may well determine the financial landscape for the next decade.
Max.S
The Abyss Gaze Below $65,000: Deconstructing the Liquidation Panic of Micro-Strategies and Macroeconomic Vitality in 2026
On February 6, 2026, Bitcoin's drop below $65,000 triggered global panic, and MicroStrategy was once again embroiled in rumors of a "liquidation spiral." This article dissects its capital structure and debt characteristics to reveal the underlying logic behind Michael Saylor's "no liquidation even if it falls to $1" policy. In-depth quantitative models show that the real risk is not creditor liquidation, but the collapse of the NAV premium. In the current context of tightening macro liquidity and institutional competition, this article deconstructs the crisis and opportunities behind this abyss-like gaze for readers.
Max.S
Web3与传统金融的终极融合：代币化结算推动美股交易迈入「全天候时代」
2025 年的纳斯达克正在通过全天候的交易机制（23 小时）以及资产结算的代币化（T+0），重构全球金融市场的基础设施，不仅模糊了传统金融与 Web3 的界限，也对量化投资机构提出了前所未有的技术挑战与机遇。
Max.S
In-depth analysis of the intergenerational asset migration behind Tether's increase of 27 tons of gold holdings
Tether added another 27 tons of gold in the fourth quarter, bringing the circulating supply of USDT to over 187 billion. Meanwhile, Hong Kong announced plans to build a 2,000-ton gold storage facility. Behind this series of "gold hoarding frenzy" lies the depletion of physical asset liquidity and the explosion of on-chain finance. This article analyzes, through the latest data, why Tether's gold purchases are a "game-changer" and why Bitcoin is the only Noah's Ark in 2026.
Max.S
Foresight for 2026: A Look Ahead at Quantitative Trading and How to Allocate Alternative Assets
This article, part of the 2025/2026 China Quantitative Investment New Year Summit series, is not only a strategy report on quantitative trading in the A-share market, but also a battlefield manual on how Alpha can find new living space in an increasingly crowded market.
Max.S
From Disruption to Embedded Integration: This Major Exchange Uses SWIFT to Bridge the "Last Mile" of USDT Withdrawals
Binance Australia has announced the full restoration of bank transfer services for the Australian Dollar (AUD), with the PayID channel reopened. The partnership began in 2020, was suspended in 2023, and resumed in January 2026. For most retail investors, this is merely a regional feature fix; however, for observers familiar with crypto payment architectures, this represents Binance adding another important piece to its global fiat payment landscape.
Max.S
From "On-Chain Applications" to "Financial Foundation": The Generational Development and Evolution of Perp DEX
A deep dive into the four profit models of Perp DEX survivors.
Max.S
被吞噬的中间地带：Web3的终局会不会是华尔街的又一张牌桌
在很长一段时间里，不少加密世界的原住民们沉醉于一种宏大的叙事：Web3 将对 Web2 发起一场革命，只要把纳斯达克的股票搬到链上，用智能合约取代纽交所的撮合引擎，最终就能用RWA重塑全球金融。
Max.S
出海洞察 | 摩洛哥：一个被低估的 Web3 蓝海市场
东南亚和迪拜之外，web3在北非的这块拼图正在觉醒。摩洛哥央行近期起草监管法案，预示着一个千万级人口规模的合规赛道即将开启。这里有极高的双语年轻人才红利，更有被外汇管制压抑已久的跨境支付需求。本文通过大量一手数据与实地访谈，拆解摩洛哥加密市场的底层逻辑与入场契机。
Max.S
公链的进化与觉醒：重新定义真正的“DEX 链上交易”标准
本文指出真正链上DEX的进化不在于单纯提升TPS，而是底层架构的重构。新一代公链通过“物理时间优先”与“语义排序”取代Gas竞价，并将撮合逻辑植入链节点原生层，解决了性能与公平性的冲突。文章强调，真正的DEX标准在于“过程透明”，即所有挂撤单全流程上链且可被第三方复刻重建，从而彻底区别于仅将结果上链的“伪DEX”，确立了DeFi交易的新范式。
Max.S
RWA的下一阶段：金融基础设施改造与资产结构创新（债券篇）
RWA 已不再是单纯的“资产代币化”，而是一场重塑债券全生命周期的金融基础设施革命。
Max.S
极限承压与资本护城河：解读MicroStrategy的“三年寒冬”论与比特币市场的终极底牌
MicroStrategy 关于“持续下跌三年才卖币”的言论，实则是一次极限压力测试下的信心展示。
Max.S
TradFi has sounded the rallying cry: Traditional finance will reshape the trillion-dollar landscape of crypto derivatives.
At the heart of this battle is TradFi's attempt to use "trust" and "regulatory certainty" as weapons to wrest institutional liquidity from CEXs.
Max.S
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