After Circle, Gemini also submitted IPO documents, and there are several others waiting to go public in the U.S. stock market, including Bitgo, Kraken, and Blockchain. The relaxation of regulations has completely opened the channel for crypto companies to enter the U.S. stock market, and Circle's popularity is likely making others envious. While cryptocurrency stocks are thriving, the crypto market is sluggish, and Circle's two-day rise still can't lift the market sentiment. There is still a bit of a disconnect.
On the surface, it seems that the decline in the cryptocurrency market was triggered by the conflict involving Trump and Musk, but one must see that the turning point actually appeared last week: the accumulation of positive news can no longer drive prices upward, the internal judicial battles of the tariff war, the prolonged negotiations with various countries, and the repeated fatigue in the market all signal that in such a situation, if prices cannot rise, they must seek support downward. The U.S. stock market remains relatively strong due to the solid fundamentals of individual stocks, but signs of weakness are also starting to emerge (the market turning points in February and April this year also reflected first in the U.S. stock market). At first glance, the feud between Trump and Musk seems to directly affect Tesla, but if it continues, the real harm lies in the internal political and business relationships in the U.S.
On the surface, it seems that the decline in the cryptocurrency market was caused by the conflict involving Trump and Musk, but it should be noted that the turning point actually appeared last week: the dense positive news can no longer drive prices up, the internal judicial battles of the tariff war, the delay of negotiations with various countries, and the repeated fluctuations have exhausted the market. The expectations for Circle's IPO are fully priced in, all of which serve as signals. In such a situation, if prices can't go up, they will have to look down for support. The U.S. stock market remains relatively strong due to the fundamentals of individual stocks, but a downward trend is also beginning to show. While the conflict between Trump and Musk seems to directly impact Tesla, the ongoing situation poses a risk to the internal political and business relationships in the U.S.
Looking forward to several live streams of on-chain dog fighting at @Sidekick_Labs and @Twitch, suddenly realizing this is very similar to game streaming: the generals are game streamers, and dog fighting is like playing a real-time strategy game, which can be PVE or PVP. Therefore, all actions can ultimately return to entertainment itself; trading and investing are also a form of financial consumption entertainment activity. This illustrates the vision of the AI era: the higher the productivity, the easier it is for people to obtain the resources necessary for life. Most people actually do not need to do much; engaging in various entertainment activities has become a necessity: games are entertainment, and trading is not also a form of entertainment?
Watching several live streams of on-chain dog fighting on @Sidekick_Labs and @Twitch, I suddenly realized that this is very similar to game streaming: the generals are game streamers, dog fighting is like playing a real-time strategy game, which can be PVE or PVP. Therefore, all actions can ultimately return to entertainment itself; trading and investing are also forms of financial consumption entertainment. This indicates a vision of the AI era: as productivity increases, people find it easier to obtain the resources necessary for life. Most people actually don’t need to do much, and engaging in various entertainment activities becomes essential: games are entertainment, and trading is also a form of entertainment.
I watched several live broadcasts of on-chain dog fighting at @Sidekick_Labs and @Twitch, and suddenly realized that this is very similar to game streaming: P Generals are game streamers, and dog fighting is like playing a real-time strategy game, which can be PVE or PVP. Therefore, all actions can ultimately return to entertainment itself; trading and investing are also forms of financial consumption and entertainment activities. This reveals a vision of the AI era: the higher the productivity, the easier it is for people to obtain the resources necessary for life. Most people actually don't have to do much; engaging in various entertainment activities becomes a necessity: gaming is entertainment, and trading is also a form of entertainment.
Currently, the coin has a market value of 52 billion USD with a PE of 21 times, while hood has a market value of 42.8 billion USD with a PE of 27 times. From a three to five year cycle perspective, which one has a larger future market value space?