Doomsday Wheel Betting and the Development of Centralized Stablecoins
Today early morning, the ETH options market saw "Doomsday Wheel" betting: investors spent $174,000 to buy 6,000 put options with a strike price of $4,250 (expiring at 9:06 AM on the same day), betting that ETH would drop below that price before expiration, otherwise the premium would be worthless.
Ultimately, ETH stabilized around $4,300, and the bet failed.
Such short-term options carry extremely high risks, and ordinary investors should be cautious.
From this short-term game, we can look at the "ballast stone" of the crypto field — centralized stablecoins, which focus on long-term development. The paths and challenges are as follows:
1. Technical Path Scalability: zk-Rollup reduces costs to below $0.01, sharding reaches 10,000+ TPS, state channels support instant micro-payments;
Privacy Protection: Zero-knowledge proofs + mixers enhance privacy, compliance solutions balance regulation;
Smart Contracts: Support programmable payments, multi-signature custody increases security, modularity allows easy upgrades.
2. Economic Model Innovation Dynamic Stability: Elastic supply adjustments, multi-target pricing algorithms, emergency circuit breakers to respond to extreme market conditions;
Yield Optimization: Risk-adjusted distribution, cross-protocol yield aggregation, smoothing mechanisms to reduce volatility;
Governance Improvement: Layered governance to enhance efficiency, experts set technology, community votes on significant matters.
3. Core Challenge Regulation: Facing differences in currency identity, securities laws, and tax recognition, a monitoring system needs to be built to promote unified cross-border regulation;
Market Popularization: User understanding difficulties, complex operations, few fiat channels, lack of scenarios, hard to break the first-mover network effect.
4. Future Predictions Scale: Reach $100 billion by 2025, break $500 billion by 2030;
Integration: Connect with AI, IoT, CBDC, users may exceed 100 million by 2027;
Landscape: Major countries will issue regulatory frameworks before 2025, pushing Lista and others to become the foundation of the digital economy.
