A FOF investor summarized the four key elements of successful trading: the reliability of performance data, the integrity and decision-making ability of the team, and strategies that align with market demand. He emphasized that continuous improvement requires communication with the market, a global perspective, learning from the excellent, and analyzed encryption asset allocation and current effective strategies. Understanding human nature is the key to successful trading.

Johann Kerbrat rose from a McDonald's employee to Senior Vice President at a fintech company, driving the development of encryption business. His entrepreneurial journey and introduction to Bitcoin made him realize the potential of encryption technology. Today, he leads the company in launching multiple encryption products, committed to integrating Blockchain with TradFi, showcasing the combination of personal growth and technological advancement.

Crypto Assets market dynamics: Ethereum breaks through 3600 dollars, Bitcoin oscillates and consolidates.
Market Observation
In the current macroeconomic context, the market is closely watching the potential challenges to the independence of the US monetary policy. The core focus is on the possibility that Trump may influence Federal Reserve Chairman Powell or seek to replace him, which is seen as a potential act that could undermine the foundation of the Fed's independence. Analysts are concerned that if the Fed's independence is compromised, it may prioritize debt costs over inflation targets, leading to the risk of long-term inflation expectations spiraling out of control.
Wall Street quickly reacted, leading to the so-called "Powell Hedge" strategy. Some strategists suggest constructing hedges by trading on the steepening of the yield curve or betting on rising breakeven inflation rates. Analysts warn that market breadth has deteriorated to historical extremes, and a 30-year Treasury yield surpassing 5% could become a true tipping point.
In such a market atmosphere, Ethereum has performed strongly recently, price

The Japanese banking system is facing challenges, planning to sell $63 billion in U.S. Treasuries, raising concerns. The U.S. Treasury Secretary may not allow a large dumping to stabilize the market, or increase dollar Liquidity through the FIMA mechanism. This situation could bring new investment opportunities to the crypto market and promote Fed monetary easing, facilitating the next bull run.

The era of Bitcoin Programmability has arrived, and stablecoins may reshape the financial order.
As a pioneer and long-term witness of the blockchain industry, Du Jun's name is almost intertwined with every key wave. From participating in the establishment of a trading platform in 2013, promoting the early popularization of Bitcoin in China; to creating industry media and becoming a central node for information flow; and then, as an investor, accurately capturing multiple cycles of opportunities. With his keen judgment of technological trends and long-termism in capital operations, he has written countless classic cases in the industry.
Today, he has founded an incubator focused on the intersection of AI and Crypto innovation, remaining active at the forefront of the industry—at the crossroads of the Bitcoin ecosystem, the stablecoin upheaval, and the AI wave—continuously exploring the boundaries of technology and firmly optimistic about the rise of Chinese people in the global technology landscape.
Recently, Du Jun accepted an exclusive interview with an industry insider. In this intellectual exchange about the future, Du Jun not only shared his views.

On January 31, Kevin Shao, a startup mentor and partner at Web3Labs, along with Chen Yuetian, a partner at Huofeng Capital, conducted an in-depth discussion on investment and entrepreneurship in the blockchain gaming sector, sharing valuable investment experiences, entrepreneurial advice, and industry trend analysis. Below are some selected excerpts from the discussion:
Chen Yuetian mentioned that after leaving Innovation Works in 2020, he has been engaged in personal angel investing, with some investments in cryptocurrency projects that yielded returns exceeding those from equity investments. This made him realize that capitalizing on the crypto market is easier to achieve, so he established Huofeng Capital in 2021 to participate more deeply in investments in this field.
He stated that Huofeng Capital is focused on the transformation that technology brings to the media industry. Their investment strategy concentrates on four major technological directions: cloud, XR, AI, and blockchain, believing that these underlying technologies will have a profound impact on the iteration and evolution of media.
Regarding the gaming industry, Chen Yuetian stated that they are paying attention to it.

In 2025, it is predicted that more countries will incorporate Bitcoin into their strategic reserves, reflecting economic uncertainty. The declining expectations of Fed interest rate cuts have led to fluctuations in Bitcoin prices. Companies are gradually integrating Bitcoin into their financial strategies, while emerging projects are demonstrating the potential of Blockchain in the field of scientific research.

Web3 Parallel Computing Depth Research Report: The Ultimate Path to Native Scalability
1. Introduction: Scalability is an eternal proposition, and parallelism is the ultimate battlefield.
Blockchain systems have always faced the core issue of scalability. The transaction processing capacity of Bitcoin and Ethereum is limited, far less than traditional Web2 systems. This is not a problem that can be solved simply by adding hardware, but rather stems from systemic limitations in the underlying design of blockchain - the "decentralization, security, and scalability" trilemma.
In the past decade, the industry has attempted various scalability solutions, from the Bitcoin scaling debate to Ethereum sharding, from state channels, Plasma to Rollup and modular blockchains, from Layer 2 to Data Availability reconstruction. Rollup, as the current mainstream scalability solution, significantly improves TPS through off-chain execution and on-chain verification while maintaining security. However, it has not touched the blockchain底

Recently, large banks are considering accepting Crypto Assets as Collateral, raising concerns about their potential risks. Although Crypto Assets are gradually penetrating the TradFi system, their high Fluctuation and the recent passage of the Genius Act evoke memories of the regulatory loosening during the 2008 financial crisis. Policy changes may lead to financial instability, necessitating a careful assessment of risks to avoid a repeat of history.

A well-known digital asset exchange platform announced a partnership with a top racing team to launch a new Chinese name "大门" on its twelfth anniversary, symbolizing a more open future. The platform is committed to creating the "next generation super unicorn exchange," balancing security and innovation to drive industry transformation and enhance international influence.

In the Web3 world, trust not only comes from immutable ledgers but also from the continuous repeated games and trust accumulation among parties in transactions. Real trust is established through high default costs and long-term cooperation, rather than simple legal terms or technical indicators. The money exchange model from Chaoshan demonstrates how to establish trust through high-frequency trading and social networks. Web3 should draw on this mechanism to create an irrevocable trust structure.

This article discusses the evolution of economic models for Web3 applications, pointing out that most current projects rely on Ponzi schemes and have short lifecycles. Web3 is currently in the infrastructure development stage, and there are no obvious product parties yet. To achieve sustainable development, it is necessary to clarify regulations, improve infrastructure, and address the pain points that Web2 has failed to resolve.

HashKey Capital 2022 Annual Review: Surviving the Winter, Welcoming the Spring
2022 marks the 7th year of our deep cultivation in blockchain and crypto investment. Currently, our asset management scale has exceeded 1 billion USD.
Over the past year, we have continued to deepen our global investment strategy, covering the entire ecosystem of blockchain and cryptocurrency. Key areas of focus include infrastructure, protocols, data layers, and Web3, while also paying attention to fields such as data security, custody, DID, NFT, the metaverse, GameFi, and applications, adopting a combined vertical and horizontal approach:
Vertical aspect:
- Dive into the tech community to stay updated on new trends and technological directions.
- Invest driven by research, conducting in-depth exploration in vertical tracks such as ZK, cross-chain, MPC, data, and gaming.
Horizontal aspect:
- Establish long-term deep cooperation with major public chain foundations through hackathons, ecological funds, grants, and other forms.

The Truth of Liquidity: 2024 Exchange Coin Effect Research Report
1. Research Introduction
1.1 Research Background
Since 2024, the market has had extensive discussions on VC tokens with high fully diluted valuation ( FDV ) but low circulating market cap ( MC ). As the MC/FDV ratio of newly issued tokens has dropped to its lowest in three years, it indicates that a large number of tokens will be unlocked and enter the market in the future. Although the initial low circulation may drive short-term price increases, this surge lacks sustainability. Once a large number of tokens are unlocked, the risk of oversupply intensifies, and investors worry that this market structure will struggle to provide long-term support for price increases.
As a result, investor interest has shifted from VC tokens to Meme coins. The characteristics of Meme coins include most of the unlocks occurring at TGE, high circulation rates, and no sell-off pressure from future unlocks. This structure reduces market supply pressure and boosts investor confidence. Many Meme coins have been issued.

The well-known crypto assets exchange has launched a new airdrop platform, CandyDrop, which uses a task-driven mechanism to lower participation thresholds. Users can earn candy points by completing tasks, which can ultimately be exchanged for project tokens. The platform carefully selects high-quality projects, is easy to operate, and will expand more incentive measures in the future to promote the appreciation of crypto assets.

This Web3 technology salon focuses on the application of Rust and Solidity in GameFi development, inviting industry experts to share DApp construction and development techniques. The discussion will cover the development trends of diversified GameFi applications, providing practical operation opportunities and enhancing participants' understanding of public chain ecosystems and smart contracts.

The impact of the COVID-19 pandemic on the Blockchain industry is明显短期, with limited long-term effects. Companies are responding to challenges through remote work and strategic adjustments, while also discovering new opportunities such as public warnings and material traceability. Blockchain technology has demonstrated its application value during the pandemic, and future industry development will accelerate the integration with other technologies and policy support.