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As of January 15, Strategy's Bitcoin holdings exceeded 687,000 BTC, establishing it as the world's largest publicly listed company by Bitcoin reserves. This achievement secures its dominant position in the crypto asset sector, significantly outpacing other public companies like Tesla, Metaplanet, and MARA.

A comprehensive analysis of Lead Bank, a bank with over a hundred years of history, reveals how it has transformed itself in the face of regulatory pressures and the crypto wave. Lead Bank has shifted from a traditional community bank to a bridge connecting fiat currency and on-chain settlement. Its approach to in-house technology innovation and strategic FinTech collaborations highlights the future direction of financial and crypto integration.

This article elevates the concept of privacy from individual anonymity to compliance-compatible commercial secret protection, predicting that privacy-focused public chains in the institutional era will evolve around real-world financial processes.

The author breaks down the 2/2 multisig governance conflicts, the negotiation leverage underlying BASE token exploration, and the profit-maximizing incentives driven by public company fiduciary duties. This analysis shows that while the market has accounted for Base's growth not benefiting OP holders, it has yet to fully price in the asymmetric downside risk posed by reliance on a single counterparty and exit risk.

China’s payments sector is undergoing a major shakeup, with a steep drop in licenses, declining fee rates, and tighter regulatory scrutiny. For top institutions, global expansion is now a strategic necessity. This article offers an in-depth look at the true costs of taking payment businesses overseas: international licensing, compliance systems, talent competition, and geopolitical risk. It reveals the underlying logic as cross-border payments move from “model-driven windfalls” to an “endurance race,” and examines how Chinese payment enterprises are carving out long-term survival in the global financial landscape.

Telegram’s revenue surged 65% year-over-year in 2025, yet the company reported a net loss exceeding $200 million as TON prices fell. Telegram’s sale of more than $450 million in TON tokens has fueled market debate. This article provides an in-depth analysis of Telegram’s actual financial interests within the TON ecosystem, the financial logic behind its token sales, and the implications for decentralization. It also explores Telegram’s debt structure and assesses the opportunities and risks associated with its IPO prospects.

BTC serves as a value anchor for energy, and AI computing power drives the productive use of energy. Drawing on the history of the industrial revolution, this article provides a systematic analysis of how AI computing power, BTC, stablecoins, and RWA are integrating in the wake of the GENIUS Act. It explores the long-term investment strategies and industrial logic behind the “new gold” and “new oil” in the age of intelligent digital transformation.

HyperEVM’s ecosystem does not have the strong operational flywheel found in BNB Chain. As a result, HYPE depends only on transaction fee logarithms for its support, preventing it from evolving from a liquidity token into the central asset of a value-driven network.

The article directly exposes a structural flaw in Web3: founders can exit with relative ease while investors bear 99% of the failure costs, offering a stark diagnosis of the industry’s capital-burning reality.

The article revisits the lessons of the 2017 ICO boom and the airdrop/high-FDV VC model, arguing that a new generation of ICOs—integrating reputation and compliance—could become fertile ground for high-quality asset creation. At the same time, it points out that self-custody, yield-bearing accounts, and cross-border stablecoin payments provide differentiated moats for a new class of crypto banks, and predicts that together with reputation systems, they will form one of the most promising crypto narratives heading into 2026.

Who's quietly pocketing your SOL on Solana? This article analyzes the on-chain counterpart of PFOF and opaque fee structures, exposing how front-end apps, aggregators, and service providers levy "hidden taxes" on users through priority fees and tips. It also examines how Solana could regain control over fee pricing through protocol-level upgrades.

Against the backdrop of declining attention dividends, this article systematically examines seven key principles for crypto marketing in 2026—from content, personal trust, and on-chain data to community and creator mechanisms—analyzing how crypto projects can continuously convert user trust into tangible on-chain actions and growth outcomes.

Against the backdrop of diminishing performance dividends, a16z points out that the competitive core of crypto systems in 2026 is shifting toward privacy, decentralized communication, and verifiable security. This article systematically examines key trends such as the privacy network effect, decentralized messaging, confidentiality-as-a-service, and "code as law," revealing how privacy is evolving from a feature into foundational infrastructure.

The author examines token compliance and shareholder rights, noting that ongoing regulatory uncertainty has compelled projects to implement unconventional capital structures. For example, Uniswap utilizes a dual "Labs–Foundation" framework.

For DeFi and prediction market investors, the on-chain integration of 2026 housing price data represents a significant milestone. This development signals an upcoming surge in billion-dollar valuations for platforms such as Kalshi and Polymarket.