COINVOICE（链声）

Written by: Daii
There are two things that prompted me to discuss this topic today. It's like a fishbone stuck in my throat; I can't be at ease until I express it.
One is a Chinese doctoral student delivering takeout.
Another reason is that young people in South Korea are flocking to cryptocurrency exchanges out of despair.
These two scenes seem to have no relation, yet they act like two mirrors reflecting the same group—the youth—caught in the dilemma of being torn between two extremes.
Let's first talk about the young people delivering food in China.
Delivering takeout is not embarrassing, but when someone with a high degree such as a PhD has to rely on being a delivery rider to make a living, it becomes an irony of the times. Ding Yuanzhao, widely reported by the media, is a microcosm of this group. He is a PhD, well-educated, yet due to real-life difficulties, he ultimately chose to put on the rider vest and join the "highly educated delivery army" that rushes through the city.
He is not an exception.
China now has more than 7.45 million Meituan delivery riders, among whom hundreds of thousands hold an associate degree or higher, and even more

Author: Rob Hadick, Partner at Dragonfly
Compiled by: AididiaoJP, Foresight News

Stablecoins are not meant to improve the existing payment networks, but rather to completely disrupt traditional payment networks. Stablecoins allow businesses to completely bypass traditional payment channels; in other words, these traditional payment channels may very well be completely replaced one day in the future.
When payment networks are based on stablecoins, all transactions are merely changes in numbers on the ledger. Many emerging companies have begun to drive the reconstruction of capital flow.
Recently, many people have been discussing how stablecoins can become a Banking-as-a-Service (BaaS) network platform, connecting existing payment channels from issuing banks to merchant acceptance, and everything in between. While I agree with these views, when I think about how enterprises and protocols will create and accumulate in the future under the new paradigm.

Author: Coinbase
Compilation: Vernacular Blockchain
Monthly Outlook for the Second Half of 2025 - Three Major Themes on June 12, 2024
● The outlook for the crypto market in the second half of 2025 is positive, driven by better-than-expected economic growth, corporate adoption of crypto assets, and regulatory clarity.
● Companies purchasing crypto assets through leveraged financing may pose systemic risks, such as forced or voluntary selling pressure, but we believe this issue is not significant in the short term.
● The changes in the regulatory environment in the United States are favorable for the cryptocurrency market, progress has been made in stablecoin legislation, and a bill on the structure of the cryptocurrency market is also under discussion.
Our optimistic outlook for the cryptocurrency market in the second half of 2025 is driven by several key factors: a more optimistic expectation for U.S. economic growth, potential Federal Reserve rate cuts, increased adoption of crypto assets by corporate cash reserves, and advancements in regulatory clarity in the U.S. Despite some potential risks, such as...

Original Title: Arthur Hayes' Keynote Speech "It's F\\king Maths" at Bitcoin 2025
Compiled by: Golden Finance
The task of the U.S. Secretary of the Treasury
The new U.S. Treasury Secretary is Bessent, who previously worked with George Soros and helped break several different sovereign currency peg mechanisms. He clearly understands what needs to happen economically for the U.S. to succeed in the face of all these issues.
This is a photo of Bessent giving a sales presentation. I believe some of you have seen the movie 'Glengarry Glen Ross' and that iconic scene when... I forgot the actor's name, he stands there telling the salespeople.

Outside the Trump National Golf Club in Stirling, Virginia, May 22, 2025, protesters hold signs that read "Crypto Corruption" while 220 "whales" holding multimillion-dollar Trump tokens (TRUMP) are waiting to have dinner with the former president. At the same time, the price of TRUMP tokens staged an absurd roller coaster: at 17 pm Beijing time on the 22nd, the price violently rose from $14 to $16, but fell back to $14 at 4 am on the 23rd, before the dinner began. Behind this farce, the ultimate game of "market signals" and "real events" is unfolding – is the facts changing the market, or is the market making up facts?
1. Trump Dinner: A Perfect Experiment of "Expectation Overdraft"
1. "FOMO Extravaganza" on the eve of the dinner
According to on-chain data, within 48 hours after the dinner news was announced, TRUMP Token

Ethereum faces supply-side reforms, while Solana insists on scaling up. The Alpenglow consensus protocol attempts to drop the number of node consensus to improve efficiency. Compared to Turbine, Alpenglow places more emphasis on simplifying the block consensus generation process. The Solana mainnet needs to continue expanding, and the Alpenglow mechanism may be applicable to other PoS chains. In exploring the technological frontier, the blockchain industry requires more innovation, and perhaps Alpenglow offers insights for future development.

Original author: cyclop
Original compilation: Tim, PANews

These are the clearest bull market signals I've seen in my seven years in the crypto market:
BTC is approaching its all-time high.
Retail investor interest is near historical lows.
The ETH/BTC exchange rate has broken out of a 3-year downtrend.
The altcoin index has rebounded from the range low.
Each factor has once triggered a copycat season. Now they are all gathered together, which will create a resonance.
Is this really the beginning of the next altcoin season?
I can't believe I'm saying this, but I sincerely think we are finally about to witness a surge in altcoins.
In this lengthy thematic post, I will analyze in detail:
How the market sentiment changes and why it is bullish
What changes have occurred that ultimately made the Shanzhai season a reality?
Important future catalysts
Key Indicators and Their Signaling
Which altcoins may surge?
How to build a contract

The U.S. government's tough trade policies have somewhat eased, with the SPX index rising for the first time for nine consecutive days, and U.S.-China relations continue to improve. The market expects the Trump administration to respond, as the non-farm payroll report is strong and the economic fundamentals are solid. The fixed income market anticipates a low probability of interest rate cuts, the bond market is normal, and cryptocurrency prices are stable, with positive ETF inflows. The rebound is difficult to predict, and attention must be paid to corporate profit growth and economic impacts. The market is evolving upward, but caution is needed for dead cat bounces.

Source: The US dollar is rapidly devaluing! Bitcoin veteran Jack Mallers: Currency crises in various countries! 42,000 Bit aircraft carriers!
Compiled & Edited by: Daisy, ChainCatcher
Editor's note:
This article is compiled from the video interview between Jack Mallers and hosts David Lin and Bonnie Chang. Jack Mallers is the founder of the Bitcoin payment platform Strike and the co-founder and CEO of the investment firm 21 Capital, who has long been dedicated to promoting the practical application of Bitcoin in global payments and capital markets.
In the interview, Jack

The dominance of Bitcoin, macroeconomic headwinds, an oversupply of alts, the absence of retail investors, regulatory uncertainties, and historical patterns have contributed to the current delay in the alt season. A lack of liquidity, cautious investing, and regulatory barriers have constrained the performance of alts, but history shows that once Bitcoin stabilizes, alts may have an opportunity to rise. Investors should remain patient, choose projects with strong fundamentals, and pay attention to Bitcoin's dominance; the alt season may just be a matter of time.