The industry is experiencing a dangerous alienation. When users become data points to be optimized rather than souls to be enlightened, unsupported marketing is empty at best and a drain on resources at worst.

An in-depth analysis of the Asian crypto market landscape: Learn about the differences between Asian countries, user behavior, market characteristics, and how to enter the Asian market

Against the backdrop of Trump's vacillating tariff policy and turbulent global trade situation, the cryptocurrency market is experiencing a significant cooling. How will the various sectors of the cryptocurrency industry develop in this market reshuffle?

In general, Trump's tariff war is a trade dispute on the surface, but behind it is a major change in the world pattern. The collapse of the monetary order, the tearing of the political order, and the reshuffle of geopolitics, the golden age of globalization has come to an end. Whether you like it or not, the world has changed.

These projects cover a variety of areas including cryptocurrency price prediction, AI agents, AI smart investment advice, privacy protection, off-chain payments, and SMS encrypted payments.

Circle’s financial report highlights the deep contradictions in its business model. Its over-reliance on interest-sensitive reserve income and other drawbacks may cause it to face the valuation dilemma of “increasing revenue but not profits” while rushing for an IPO.

In the evening, CoinDesk published a report that TUSD suffered a loss of nearly US$500 million due to the misappropriation of its custodian assets by First Digital Trust, the issuer of FDUSD.

The other side of Sun Yuchen's grandstanding and hype: Initially, he wanted to study literature and aspire to become an important writer, but after entering Peking University, he switched to specializing in global history. He said, "Because of this, I see the world as a unified whole."

This discussion highlights the diversity and contradictions of the crypto market: on the one hand, Meme coins and exchange innovations drive industry vitality; on the other hand, speculative bubbles and ecological involution cannot be ignored. As Brother Qie said: "A bull market requires tossing, but the direction of tossing determines the outcome." Whether it is a project party, an exchange or a user, only rational judgment and tolerance of trial and error can get through the fog of the cycle.

Hyperliquid's network unplugging was seen as "over-centralized behavior", and the Polymarket oracle manipulation incident earned it the evaluation of "pseudo-decentralization". As the important issue of "decentralization" has once again sparked heated discussions, as industry participants, how should we view decentralized trading platforms that are not "decentralized" enough?

The 10,000-word report details the sovereign cross-chain token standard "ERC-7281". How does this solution make cross-chain tokens interchangeable again?

Krystal concluded with a call: "Download the Techub News APP now to participate in the points draw for blind boxes, where limited edition peripheral gifts are waiting for you! The bull market waits for no one, so be one step ahead and gain a better chance of winning."

On the one hand, news media need paywalls to protect their sources of income, but on the other hand, they dare not completely block the entrance because this will affect search engine crawling and user experience, and even directly lose traffic. Therefore, paywalls have, to a certain extent, become a subtle psychological game between news media and users.

If you are eager to learn more about cutting-edge information, in-depth analysis and industry trends about AI Agent and AI track, Techub is your ideal choice.

"Coin Circle Unguarded" is an in-depth dialogue column focusing on Web3 and encryption, hosted by Web3 Chinese host Brother Qie. Each issue invites industry leaders, project owners, KOLs and community representatives to dismantle hot tracks, analyze market trends, and challenge consensus cognition in a sharp "unguarded" style. The column's purpose: to eliminate the false and retain the true, and let value return to logic.