According to Jinse Finance, economist Henrik Zeber has issued a warning about Bitcoin, describing it as a "high-risk asset" that is closely correlated with the Nasdaq index — both of which belong to what he calls the "Second Tech Bubble (TechBubble2)." "This correlation is simple," he stated, "if tech stocks fall, Bitcoin will also fall."

Gate News bot message, Gate market shows that since the launch of Alpha, Bubble has risen 2653.75%, current price 0.003903 USDT.

Gate News bot message, Bubble has launched Alpha.

BlockBeats news, on July 18, according to DL News, Wall Street's well-known short seller Jim Chanos has sounded the alarm on the heated phenomenon of corporate Bitcoin treasuries. Chanos likened it to the frenzied SPAC (special purpose acquisition company) wave of 2021—when $90 billion was raised in just three months, only to end in a disastrous collapse. But this time, the difference is that public companies are purchasing Bitcoin through the issuance of Convertible Bonds and preferred stock, without engaging in any substantial business. "What we are seeing in the Bitcoin treasury market now is strikingly similar to the madness of SPACs in 2021," Chanos said this week on a podcast, "Almost every day there are significant announcements—'hundreds of millions every night.'"

The well-known financial blog ZeroHedge cites the latest report by Michael Hartnett, Chief Investment Strategist at Bank of America, pointing out that the issuance of debt in the United States (and globally) will experience exponential growth,预计到2032年总额将达到数百万亿美金。Hartnett believes that the U.S. government, under Trump, is preparing to launch an epic deficit financing debt offensive. All of this points to the formation of a "beautiful big bubble," and the role of Bitcoin (BTC) in this is moving from the periphery to the core.

Since the beginning of this year, the global crypto market has welcomed a long-awaited emotional recovery, with Bitcoin and Ethereum successively breaking new highs, and the memecoins zone once again becoming a paradise for external funds. In this wave of enthusiasm, the pumpfun platform has quickly gained popularity with its "zero-threshold rapid issue coin," continuously breaking records in daily active Wallets and new coin quantities, becoming one of the fastest-growing memecoin issuance platforms in the Secondary Market.

According to the Gate News bot, Wealth Magazine reports that Jim Chanos, founder of Chanos & Co, compares current AI companies to the internet giants Cisco and Lucent from the 1990s. He pointed out that during the TMT bubble burst, these companies faced a simultaneous fall in orders and valuations. Chanos emphasized that, with the slowdown in the labor market and tariff disruptions, companies are currently reducing.

Gate news, Jim Chanos sharply criticized MicroStrategy's Bitcoin business model, stating that its valuation is detached from reality and its promotional rhetoric is "financial nonsense." He also warned that the AI investment craze could repeat the mistakes of the millennium internet bubble. VanEck has also issued a warning about the risks of Bitcoin strategies for publicly listed companies.

On June 27, Jin10 reported that Morgan Stanley released a research report stating that it has raised its earnings per share forecasts for Pop Mart (09992.HK) for 2025, 2026, and 2027 by 6%, 15%, and 21% respectively, to reflect the company's clearer growth path in North America and Europe. For 2025, the most optimistic profit expectations in the industry still significantly exceed the bank's adjusted forecasts. The bank believes that Pop Mart's combination of a rich and diverse IP matrix with operational skills is expected to create sustainable growth, and the current stock price does not reflect the potential for long-term scale.

Gate News bot message, US stocks are rising against the trend in 2025, just a hair's breadth away from their historical highs. However, the higher the S&P 500 index rises, the stronger the concerns about its valuation multiples becoming a bubble. Data shows that the index has a price-to-earnings ratio of 22 times, based on expected profits for the next 12 months, which is 35% higher than the long-term average. Among the 20 such valuation indicators tracked by Bank of America strategists, the index shows overvalued conditions on every single indicator.

Gate News bot reports, according to Cointelegraph, entrepreneur and author of "Rich Dad Poor Dad" Robert Kiyosaki suggested that "if you want to become richer when the global debt bubble bursts, you should hold gold, silver, and Bitcoin."

BlockBeats news, on June 20th, according to market information, Hong Kong stock Pop Mart today fell over 5.15%, with the current stock price reported at 235.8 Hong Kong dollars, down over about 16.8% from its historical high. According to GMGN market information, the Meme coin LABUBU, based on the Pop Mart潮玩 IP, has a market capitalization that has fallen below 28 million USD, currently reported at 27.89 million USD, with a 24-hour decline of 20.4%. BlockBeats reminds users that Meme coin prices fluctuate greatly, and users should invest with caution.

Odaily News According to Presto Research analysis, the current "encryption asset reserve strategy" for companies incorporating encryption assets into their financial statements has significant bubble risks, but its landscape is more complex and subtle than in previous market cycles. Presto Research notes that this trend carries potential risks, such as market corrections, liquidity crises, and leverage issues. However, compared to the 2017-18 ICO bubble, the current reserve strategy has more structural differences, such as the use of convertible bonds, the use of dominant figures to attract capital, and the policy push. In addition, analysts warn that if the volatility in the crypto market increases, these reserve companies could face rapid selling pressure and even trigger systemic risks. The strategy combines bitcoin reserves with equity financing, leverage, and policy drivers, making it fundamentally different from the purely speculative bubbles of the past. （

Odaily News Analyst @goodalexander stated that instead of saying that Circle's recent rise is a bubble, it is better to focus on the 9% drop in stock prices of Visa and Mastercard within a week. He believes that the market is beginning to price in the large-scale adoption of blockchain in the payment and credit sectors, which is a positive and gradual signal.

Gate News bot news, industry KOL Arthur Hayes pointed out in an article on Monday that while Circle's IPO marks the beginning of the "stablecoin frenzy," most stablecoin companies attempting to follow its path will ultimately be overvalued and fail. "This listing marks the beginning of this round of stablecoin frenzy, not the end," he added, stating that such companies will eventually burst like a bubble, and investors should "trade these companies' stocks like a hot potato." However, Hayes did not urge traders to short these stocks, as the U.S. policy direction supporting the crypto assets industry and the rhetoric of the "stablecoin frenzy" would initially push up related stock prices.

According to BlockBeats news, on June 12, "bond king" Gundlach stated on Wednesday that the U.S. debt burden and interest expenditures have become "unsustainable," which means that long-term U.S. Treasury bonds are no longer considered a truly risk-free investment. He compared the current market environment to the situation before the bursting of the internet bubble in 1999 and before the global financial crisis in 2006-2007. He noted that investors should consider increasing their allocation to non-U.S. dollar assets and revealed that the company he manages is starting to incorporate foreign currencies into its funds. (Wall Street Watch)

Gate News bot message, according to the official announcement from Gate on June 11, 2025. Gate will launch spot trading for LABUBU token on June 11, 2025, at 18:00 ( UTC+8. LABUBU/USDT trading pair will be available. LABUBU is a Nordic elf IP token created by Long Jiasheng under Bubble Mart, which was previously listed on the Gate Alpha section on May 30, 2025. The token is based on the Solana network and has a contract address of JB2wezZLdzWfnaCfHxLg193RS3Rh51ThiXxEDWQDpump.

ChainCatcher news, CryptoQuant analyst Dan released a chart analysis stating that Bitcoin is close to its all-time high, but no significant profit-taking by the whales has been observed. Whales at this price level have no intention of taking profits, and may wait for higher prices or act after the market shows significant overheating and bubble formation.

BlockBeats News, on June 10, Bubble Mart Hong Kong stocks soared by more than 30 times in three years, becoming a popular target in the capital market. However, the trendy toy "LABUBU" IP under Bubble Mart has been "copycated" by the currency circle and harvested speculators. THE "LABUBU COIN", WHICH WAS LAUNCHED ON MAY 29, SKYROCKETED DUE TO IP POPULARITY, BUT PLUMMETED BY 91.66% IN JUST A FEW DAYS. This Memecoin is not an official release, but is led by an anonymous community team, lacking fundamentals and practical support, typical of "emotion-driven" hype. The industry pointed out that this type of currency has no substantial commercial value under the guise of popular IP, and the circulation mechanism is not transparent. Ordinary investors tend to buy at a high level amid FOMO sentiment and become the "last to take the baton". BiyaPa

Valentin Fournier, chief research analyst at BRN, believes that defensive measures are necessary given the accumulation of bearish signals in the crypto market, including declining ETF inflows, weakening market momentum, and a surge in the number of crypto IPOs, indicating that profit-taking will occur in the near future. "Despite strong macro data and easing inflation, the crypto market has failed to react, with the surge in IPO activity suggesting a valuation bubble and insiders' willingness to exit at a time of high prices," Fournier said. Coupled with reduced ETF inflows and falling prices, we see this as a sign of market weakness and running out of fuel. We are de-risking and moving to a more defensive stance as we expect the market to gradually decline and long-term investors to re-enter. ”

Odaily Planet Daily News Cryptoquant analyst Crypto Dan posted that the current round of crypto market bull cycle is significantly different from 2017 and 2021 in terms of trend. Although the early days were also accompanied by short-term pullbacks and gains, since 2024, Bitcoin has repeatedly experienced strong rallies and then quickly retreated, with general weakness in altcoins and market sentiment frustrated. He pointed out that this repeated pattern of "pump-pullback" may be a deliberate suppression of the overheated market by the main force to extend the overall cycle time. This phenomenon was relatively rare in the previous bull run and may indicate that the current cycle will enter a bubble-like climax stage driven by emotions in the future.

Cryptoquant analysts point out that the 2024-2025 Crypto Assets bull run is different from previous ones, showing signs of market suppression. The current cycle has experienced a sharp pullback after a strong rise, with alts performing poorly and expected to end with a huge bubble.

BlockBeats news, on May 29, CryptoQuant officially released data on social media stating that its volume bubble chart shows that ETH spot trading volume is cooling down, while Futures Trading volume is overheating. This is a potential warning signal for ETH traders.

BlockBeats News, on May 26, according to GMGN market data, the market value of LABUBU, a meme coin based on the Bubble Mart trendy toy IP, exceeded $30 million and is now quoted at $32.1 million, a record high, up 49.34% in 24 hours. BlockBeats Note: Meme coin trading is highly volatile, mostly dependent on market sentiment and concept hype, and has no real value or use case, investors should be aware of the risks.

Gate News bot, recently, the MEME coin $LABUBU has become the focus of market attention due to the strong debut of Labubu's third-generation slush plush new product series, KOL boost, and the soaring popularity of Southeast Asian IP. According to the GMGN market, the market value of $LABUBU jumped from hundreds of thousands of dollars to $18 million in the past week, soaring dozens of times, with a 24-hour trading volume of $9.5 million. Holderscan data shows that since May 14, the number of coin-holding addresses has continued to climb, and user engagement and market enthusiasm have risen rapidly. Labubu was originally a popular trendy toy IP under Bubble Mart, which has attracted phenomenal attention in Southeast Asian countries in recent years. According to Pop Mart's 2024 interim financial report, its overseas revenue reached 1.35 billion yuan, a year-on-year increase of 259.6%, of which the Southeast Asian market contributed 560 million yuan, accounting for more than 40%. Labubu's high popularity has driven the hype of related MEME coins, and celebrities such as Blackpink Lisa and Thai princess have continued to ferment, and Labubu has been awarded the title of "Magical Thai Experience Officer". It is worth noting that \$LABUBU is not an official issuance, but as early as November 2024, the market value of the MEME sector has exceeded $20 million, and it is Labubu IP in the crypto market

Bitcoin price fluctuated, rebounding to $104,000 after falling to $101,000 last night, while alts generally faced a downward trend. Analysts suggest that the pullback is part of a mid-term rise trend, with short-term traders locking in profits. Market fluctuations are mainly viewed as noise, but the overall trend remains optimistic and has not yet peaked. BTC has moved away from the low interest rate period and has not yet formed a bubble, indicating potential new highs. Global financial conditions may improve in the summer due to private credit expansion and a weakening dollar.

Morgan Stanley raised the target price for Pop Mart (09992.HK), believing that the global demand for Labubu 3.0 is strong, the supply chain in Vietnam is performing well, and there is significant sales growth potential in the U.S. market. The target price is forecasted to rise to HKD 273, with a positive outlook on future performance, and a recommendation to "overweight".

BlockBeats News, on May 13, K33 Research published an article saying that Bitcoin regained its foothold at the $100,000 mark driven by continued strong momentum. Unlike when it topped $100,000 in the past, the derivatives market is currently showing no signs of a bubble and remains cautious overall, which further supports the possibility of continued upward momentum and a new all-time high.

Golden Ten Data on May 7, Bubble Mart (09992. HK) reappeared in pre-market block trading, and an investor sold about 3.86 million shares of Pop Mart at HK$190.20 per share, involving about HK$734 million. According to public information, Pop Mart had been reduced by investors twice in a row in the previous week, involving about HK $1.5 billion. The reporter learned from a person close to Bubble Mart that the continuous reduction is not a reduction by the company's management, and from the perspective of the pace of reduction, it is likely to be a natural reduction of the fund at the expiration of the fund, which has nothing to do with the company's fundamentals. The reporter checked the equity information of Bubble Mart and found that the three reductions in the past week were 4.05 million shares, 4 million shares, and 3.86 million shares, totaling 11.91 million shares, accounting for about 0.9% of the company's shares. Compared with the equity information, this reduction is very likely to be the expiration of all the Bubble Mart shares held by Bee Qiao Capital Fund.

The co-founder of Kava Labs stated that decentralized AI has practicality and potential, and is not a short-term bubble. Kava launched an AI platform and marketplace, including blockchain-native chat Bots and decentralized GPU infrastructure, winning the market. He emphasized that the key to future AI development lies in Open Source transparency, rejecting black-box models.

Bitcoin may fall significantly to $10,000 due to global market dumping and high valuations, noted Bloomberg senior strategist Mike McGlone, who pointed out that encryption assets are in a bubble and need to be purified. He warned that Bitcoin, the "digital gold," is under pressure testing, and ETF investors should prepare for a market reset, expecting a long-term recovery rather than a quick rebound. (Cointelegraph)

PANews March 13th news, DeFiance Capital founder and chief investment officer Arthur said on social media that the encryption market may have entered the 'fat protocol theory' endgame, which has caused long-term damage to the investment value of encryption assets other than Bitcoin. He pointed out that the successful application project valuation is usually 5 to 15 times the revenue, while the valuation of infrastructure projects that have not seen a rise in the past two years still remains as high as 150 to 1000 times the revenue. He believes that the speculative premium bubble of encryption infrastructure has officially burst.

Analysts point out that it is not advisable to buy BTC at a low point now, expecting it to fall to $73,000, believing the market is similar to the Decentralized Finance/NFT bubble burst in 2021, memes big dump showing a decline in fundamentals, suggesting a cautious attitude and waiting for a new pump narrative to emerge.

The decline in meme coin trading popularity on the Solana network led to a sharp drop in its weekly revenue to $4 million, down 93% from its peak of $55 million in January. Solana's DApp revenue also fell sharply, from $238 million to $32 million, a drop of 86%. At the same time, Solana's total DeFi value locked (TVL) also fell by nearly 50%, from a high of over $12 billion in January to about $6.4 billion.

NVIDIA will release its financial report, which may affect the sentiment of the artificial intelligence stock market. Investors have doubts about the investment in AI infrastructure, and the signs of weakness shown in the financial report may trigger market Fluctuation. The director of Shengbao Bank stated that the financial report will impact the pace of development of the artificial intelligence revolution.

Jinshi data news on February 20th, the Kremlin said on Thursday that Ukrainian President Zelensky's remarks about US President Trump were "unacceptable" and that Zelensky's approval rating is declining. When asked about Zelensky's remarks, Kremlin spokesman Peskov said, "The remarks of Zelensky and many representatives of the Kiev regime still need to be improved." "The decline in Zelensky's approval rating is an absolutely obvious trend." Zelensky said on Wednesday that Trump was caught in a "false information bubble" and refuted Trump's erroneous claim that his approval rating was 4%.

Wolfgang Münchau pointed out three major risks in the market: MemecoinMarket Cap reaching as high as $80 billion, Stable CoinMarket Cap hitting $225 billion, and the S&P 500 index P/E ratio nearing historical highs. He warned that these bubbles could merge into a "super bubble," with Trump's policies and relaxed Cryptocurrency regulations potentially triggering a financial crisis, similar to the transmission mechanisms of the 2008 financial crisis.

HSBC Research covers Pinduoduo (09992.HK) for the first time, with a buy rating and a target price of 127.65 Hong Kong dollars. The company has a huge rise potential, with an expected annual compound rise rate of 32% from 2024 to 2026, and overseas sales will account for over half of total sales. On the basis of rising income, the company's net profit is expected to increase by 40% annually this year, and a strong product cycle may drive profit growth.

On January 29, Jin10 Data reported that UBS said the Swiss investor confidence index rose 37.7 points to 17.7 points in January. UBS said, 'Few analysts expect short-term interest rates, especially in the United States, to fall, and there are also different opinions on the exchange rate between the US dollar and the Swiss franc.' UBS added that according to a survey, rising government bond yields and the potential AI bubble are key risks to the financial markets.

Arthur Hayes questions the innovative model of AI project DeepSeek and worries about the overvaluation of the US stock market. He pointed out that the market cap of US stocks accounts for 230% of GDP, and withdrawing capital would lead to a decrease in capital gains tax revenue, and the US fiscal deficit may expand to 7%-10%.

Ray Dalio warned that there is an artificial intelligence enthusiasm bubble in the US stock market, similar to the situation before the burst of the internet bubble at the turn of the century. He said that the current valuation level of US stocks is very high, and there is an Interest Rate risk that could burst the bubble. In addition, investors are also concerned about the issue of rising borrowing costs.

Cliff Asness, co-founder of AQR Capital, said that Cryptocurrency is in a bubble and Cryptocurrency needs to develop use cases that go beyond "speculation and crime". Other heavyweights on Wall Street are also skeptical of Cryptocurrency, with JPMorgan Chase CEO Jamie Dimon

Cryptocurrency analyst Miles Deutscher pointed out that the current AI bubble is still 9 times smaller than the previous market cap cycle. DeFAI and AI agents are currently the market's leading leaders, marking the most obvious rotation since the early stages of last year's "meme frenzy". The current "AI frenzy" still has a long way to go, and the scale may become larger.