佐爷歪脖山
做人民群众喜闻乐见的项目研究
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On Robinhood Chain's 100th Day: Meme Is Crypto's Odyssey Era
Meme awaits its AMM moment; Robinhood hits 100 days; shares collide with stocks; retail battles Wall Street; on-chain assets rebuild liquidity.
佐爷歪脖山
After no longer needing the Peace Hotel, is Changpeng Zhao still at the poker table?
The liquidity battle between Binance and Hyperliquid intensifies, CZ is mired in compliance difficulties, the Trump family disrupts the crypto market, who will have the last laugh?
佐爷歪脖山
Binance Ends Exchange Wealth Effect, Trump Starts a New Wave of Wealth Creation
2026 Exchange Reshuffle: Binance's Growth Slows, Coinbase's Transformation Hits Obstacles, CEX and DeFi Swap Souls, Battle for Asset Pricing Power Begins, Who Will Dominate the Next Round of Wealth Effect?
佐爷歪脖山
The Crypto Game of the Midterm Elections: Analyzing the Logic Behind Trump's Embrace of Crypto
Trump re-embraces cryptocurrency, Bitcoin is reduced to a debt reduction tool, and $HYPE surged after being named. U.S. debt exceeds $40 trillion, and before the midterm elections the United States intensively releases crypto-friendly signals. The bull market has arrived but may collapse in a violent bubble.
佐爷歪脖山
The New Cold War Is a Tech Stock War
The Sino-US trade war escalates into a tech-financial war, with ChangXin Memory Technologies and Moonshot AI becoming new targets; the nationalization of US stocks and restrictions on A-shares reveal the game of national will behind the capital markets.
佐爷歪脖山
Eternal Fragments of Money: Third-Party Payments Have No First Principles
Stripe plans to acquire PayPal, can the stablecoin strategy help it break through? The payment industry is stirring again, FinTech giants compete for a new landscape.
佐爷歪脖山
Blaming the crypto industry's desolation on the rise of AI is intellectual laziness
The crypto industry is trapped in capital valuation difficulties, the token economy has collapsed, RWA and stablecoins are reshaping the market, conglomerates are accelerating, the middle tier is disappearing, Chinese VCs are routed, but the craze for thousand-fold returns is still brewing.
佐爷歪脖山
Releasing water is the real exit: When encrypted VCs are positioned, agent network effects
Behind the DPI myth of a16z lies the restructuring of the VC cycle, with Agents and stablecoins becoming a new starting point for crypto, and the search for unamplified signal mechanisms.
佐爷歪脖山
Ethereum becomes a Chinese concept stock
Ethereum is torn between its offshore architecture, dollar capital, and global deployment. It has served as an experimental channel but missed the golden age of price explosions.
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Clear Legal Outlook: No Revenue, No Payment
Both the Genius Act and the Clarity Act focus on the entanglement of stablecoins and interest-bearing activities. They fail to regulate DeFi and cross-regional arbitrage, which is why Wall Street is needed to act as an intermediary to control yields.
佐爷歪脖山
Two peaches kill three warriors; Hyperliquid's operational strategy
On May 14, Native Markets announced that it would "sell" $USDH to the CC combination of Circle and Coinbase. After a brief period of operation in August, NM simply took the money and left.
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Hyperliquid's next piece of the puzzle: HIP-4 turns hedging into a liquidity engine.
Hyperliquid HIP-4 launched on Outcome Market, predicting a paradigm clash between Polymarket and Hyperliquid amid market liquidity challenges.
佐爷歪脖山
A New Solution to DeFi Debt Resolution: Beyond Relief and Loss Socialization
Aave distributes triangular debt, Stani impersonates coordinator, and after the Kelp shockwave, how can DeFi save itself? Debt restructuring, Curve debt tokenization, agent-based real-time risk control and early warning: socialized losses or an efficient financial system?
佐爷歪脖山
Harness Arbitrage Period: Saving DeFi from the Edge of SaaS
AI is reshaping DeFi with tokens and agents, challenging traditional SaaS and token economics by improving capital efficiency and organizational computability, and leading financial engineering into uncharted territory.
佐爷歪脖山
Harness Arbitrage Period: Saving DeFi from the Edge of SaaS
How AI is reshaping DeFi and organizational structures through tokenization, analyzing how the decentralization of agent capabilities challenges traditional SaaS, and foreshadowing a fundamental transformation in financial and collaborative models in the era of zero-cost data.
佐爷歪脖山
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