1. Which giants are hoarding coins madly at the new high of BTC? How do institutions view the current crypto market?

In May, influenced by the relaxation of Trump's tariff policies, the improvement of stablecoin regulatory policies in Hong Kong and the U.S., and the triple kill in the U.S. stock, bond, and foreign exchange markets, BTC set a new record by surpassing $110,000. Many investors hesitated in the face of the new high, but many institutions remained enthusiastic about buying. Click to read.

2. Strategy Comprehensive Analysis: Premium, Leverage, and Capital Structure

Strategy (MSTR) accounts for nearly one-third of the total market capitalization of pure equity/crypto market and represents 10% of the Market Vector Global Digital Asset Stock Index (MVDAPP). Therefore, for investment managers aiming to transform digital assets into excess returns, incorporating it into their portfolios is a key consideration. Click to read.

3. The Moat of Ethena

Have you ever tried eating instant noodles on a roller coaster? It sounds absurd, but it's the best metaphor for the daily performance of Ethena Labs — this team of just 26 people has firmly maintained the 1 dollar peg of the 5 billion dollar stablecoin USDe amid the ongoing turbulence in the crypto market. This article will unveil Ethena's moat, analyze its hard-to-replicate core mechanisms, and elaborate on its strategic path to push the circulation of USDe beyond 25 billion dollars. Click to read.

4. The Four-Year Cycle is Broken: How to Invest in Cryptocurrency in the New Normal?

The theory of "a four-year cycle" is completely outdated! If you are still holding onto the hope of getting rich quickly and fantasizing about the "opportunities to win tenfold or a hundredfold in a bull market," you might have already been completely abandoned by the market. Why? Click to read.

5. Bitcoin Market Cap Share and Altcoin Season: Understanding Market Changes

The market capitalization ratio of Bitcoin is an indicator that measures Bitcoin's share in the entire crypto market. Simply put, it represents the percentage of Bitcoin's market capitalization in the total market capitalization of all crypto assets. For example, if the total market capitalization of the entire crypto market is 1 trillion USD, and Bitcoin's market capitalization is 600 billion USD, then Bitcoin's market capitalization ratio is 60%. This ratio can be understood as Bitcoin's "market share" in the entire crypto market. Click to read.