1. From hugging Trump's thigh to left hand flipping right hand, how do ALT5 and WLFI play the capital game?
On August 11, 2025, ALT5 Sigma Corporation announced a total of $1.5 billion in registered direct offerings and simultaneous private placements to initiate the treasury strategy for World Liberty Financial (WLFI). This is the second company to announce the launch of the WLFI treasury strategy after BigStrategy Inc. Click to read
2. Bitmine's stock price surges again, where are the risks?
The stock price of Bitmine (BMNR), a U.S. listed company, skyrocketed 37 times to a peak of $161 after announcing the purchase of Ethereum as treasury reserves on June 30, 2025. The stock price then retreated, maintaining a range of over $30 for a month. Recently, the stock price has risen again, reaching a high of $69 on August 11. Click to read
3. The blunt question: Can Ethereum still be chased now?
In the past four months, Ethereum has surged, with its price skyrocketing from $1,380 to $4,360, an increase of 216%, making it one of the best-performing assets globally. However, paradoxically, this traditional 'retail paradise' has turned into an institutional carnival during this round of market activity. Recent data shows that institutional holdings are growing at an unprecedented rate - according to Strategicethreserve data, as of August 12, 70 institutional treasuries and Ethereum ETFs collectively held 9.49 million ETH, accounting for 7.85% of the circulating supply. More strikingly, on-chain data from Glassnode indicates that this price surge aligns closely with the movements of 'whales': when Ethereum broke the $4,200 mark, the number of addresses holding more than 10,000 ETH surged to 868,886, reaching a nearly 13-month high. This series of data suggests that the market structure is undergoing a fundamental transformation, with institutional investors becoming the main drivers of this bull market. Click to read
4. Discuss some concerns about the development of the Hong Kong dollar stablecoin
The topic of the Hong Kong dollar stablecoin has been hot in the last six months, from the national level to the streets, everyone is eager to try and seize development opportunities in this major wave of the era. However, thinking calmly, who will be the customers of the Hong Kong dollar stablecoin? Where will the Hong Kong dollar stablecoin be used? How to promote it quickly? What is the acceptance level of customers? What is the state of competitors? Only by clarifying these questions can we determine whether the Hong Kong dollar stablecoin can develop sustainably! Click to read
5. Is the ultimate goal of the Web3 industry to build a network state?
Initially, the well-known investor Balaji wrote a book called (The Network State), proposing the concept of a network state. A network state refers to a highly cohesive online community that has collective action capabilities, able to purchase land globally through crowdfunding, and ultimately gain diplomatic recognition from existing sovereign nations. Click to read
