Bitcoin

Tariffs can jolt global markets, and the nascent crypto sector is no exception. Trade wars between nations heighten economic uncertainty, impacting all types of investment assets. However, while tariffs may cause short-term disruptions in the crypto market, they could also pave the way for long-term growth and reinforce cryptocurrencies' role as mainstream tools and hedging assets.​

The U.S. dollar not only dominates global trade, but has also become a hidden economic weapon. Whoever controls the dollar, controls the lifeline of the global economy. What’s even more concerning is that this war will expand from the domain of commodities to that of currencies—a global currency devaluation race is now underway.

Merlin Chain’s independent online line has been online for 30 days, TVL has reached an astonishing level, and Merlin ecological projects have announced important actions. Learn about the latest developments in projects such as MerlinSwap, Dragonverse Neo, UniCross, Surf Protocol, and bitSmileyDeFi, and their contributions to the Bitcoin second-layer network.

Meanwhile completed a $40 million Series A funding round and launched the world’s first Bitcoin-denominated whole life insurance product. It combines policy collateralization, tax deferral mechanisms, and on-chain transparent claims, directly addressing the pain points of long-term BTC holders. This article provides a full analysis of its product logic, funding background, and industry outlook.

This article provides an in-depth analysis of the significant impact of Trump's tariff policy on the Bitcoin mining industry. It first explains the mechanism of how tariffs work, and then reviews the strategies adopted by the Bitcoin mining sector during the U.S.-China trade war—particularly how mining equipment manufacturers sought to avoid tariffs by relocating their production bases.

Exploring Trump's tariff strategy and its impact on global markets, power dynamics, and economic manipulation.

On April 8, local time, the U.S. market experienced a triple whammy of stock, bond, and currency losses. In just two trading days, the 10-year U.S. Treasury yield surged from around 3.9% to 4.5%, and concerns began to grow over the liquidity risks posed by hedge fund basis trades. As we pointed out in "Trump's 'Great Reset': Debt Resolution, From Virtual to Real, and Dollar Depreciation" and "U.S. Treasury Quarterly Report: The Second Liquidity Inflection Point," hedge funds may have accumulated $1-1.5 trillion in U.S. Treasury spot holdings through basis trading. Volatility driven by trade tensions could accelerate the unwinding of these basis trades, leading to a bond market sell-off. U.S. Treasuries are at the heart of dollar liquidity derivation (refer to "Financial Cracks in the New Macro Paradigm"), and bond sell-offs can quickly shrink core collateral for short-term financing, causing liquidity tightening. If the debt ceiling issue is resolved in May or June and U.S. Treasury issuance increases, it cou

Against the backdrop of the new U.S. tariff policies and rising stagflation risks, Grayscale analyzes how Bitcoin demonstrates its safe-haven qualities. With the weakening of the dollar and improvements in macroeconomic policies, Bitcoin could become the next "gold-like" asset of the era.

This article examines gold's vital role in modern investment portfolios, compares the volatility patterns between gold and Bitcoin, and demonstrates how gold's price stability makes it an effective capital preservation tool during market turbulence—in contrast to Bitcoin's high-risk characteristics.

This article offers a deep dive into the 2025 altcoin season. It examines a fundamental shift from traditional BTC dominance to a narrative-driven dynamic. It analyzes evolving capital flows, rapid sector rotations, and the growing impact of political narratives – hallmarks of what’s now called “Altcoin Season 2.0.” Drawing on the latest data and research, the piece reveals how stablecoins have overtaken BTC as the core liquidity layer, and how fragmented, fast-moving narratives are reshaping trading strategies. It also offers actionable frameworks for risk management and opportunity identification in this atypical bull cycle.

If MicroStrategy is forced to sell its 520,000 bitcoins, it may trigger a chain reaction in the market. This article provides a detailed explanation of its financial pressure, selling scenarios, and the potential impact on the crypto market, revealing key risks and multiple possible paths.

This article responds to Michael Saylor’s views to explore the practical importance of Bitcoin, emphasizing the primacy of its role as a medium of exchange.

The crypto bull run in 2020/2021 has similarities and differences with that of 2024/2025. What are the similarities and differences?

This article introduces the development history, operating mechanism, advantages, and risks of MicroStrategy, and analyzes the key variables that could potentially lead to its collapse. It also compares similar companies and explores MicroStrategy’s future development trends.

This article explores the impact of ETF futures products on the market, covering their key features, critical points for investors to consider, potential risks, and future development trends. We will analyze how futures ETFs affect market liquidity and price volatility, the fees, roll-over costs, and regulatory factors investors need to be aware of when participating, and the role they may play in institutional investment, market maturity, and changes in the regulatory environment.