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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The Federal Reserve is set to open a new chapter in the US Basel III debate next week, and for Bitco

Fed Set To Review ‘Toxic’ Bitcoin Basel Treatment For Major US Banks

USOIL: Tokenized WTI Crude Oil

a substantial transfer of TON was made to an anonymous address, a move highlighted by Arkham data analytics. Such large transactions often indicate the repositioning of assets and can influence market

Create Content for HTX and Win a Share of 1000U!OPN: Omnichain Prediction MarketPredict BTC's Price & Win 480M $HTX for 30 Days Author: Kyle Samani, Co-founder of Multicoin Translated by: Azuma, Odail

Create Content for HTX and Win a Share of 1000U!

Predict BTC's Price & Win 480M $HTX for 30 Days


Author: Kyle Samani, Co-founder of Multicoin

Translated by: Azuma, Odaily Planet Daily

Original Title: Multicoin Co-founder: Is Decentralization Always Slower Than Centralization? PropAMM is Breaking This Prejudice

Editor's Note: Kyle Samani, the man most adept at promoting Solana and former co-founder of Multicoin Capital who recently made a high-profile exit from the scene, is back!

Last night, Kyle Samani published a long article on his personal X account. In the article, Kyle Samani once again uses his persuasive "promotional" rhetoric (not in a derogatory sense), focusing on "efficiency" as a weakness in the decentralized narrative, and explaining in detail how PropAMM, currently being promoted in the Solana ecosystem, will catch up with or even surpass traditional centralized models in terms of efficiency, strongly proving that PropAMM is one of the most important innovations in the market's microstructure in recent years and even decades.

 The following is the original text:

PropAMM is one of the most important innovations in market microstructure in recent years, and perhaps even one of the most important innovations in decades.

To help you understand this conclusion, let's first look at how market makers (MMs) quote prices on traditional centralized exchanges (CEXs).

Market makers typically co-locate with the exchange. Each market maker runs its algorithm on one server and is connected to another server via a uniform length of network cable (e.g., 50 meters), which in turn runs the exchange's system.

Large amounts of data are constantly flowing back and forth between market makers and the exchange. Whenever a market maker sends an order to the exchange—whether it's a limit order, a canceled order, or a market order—the exchange needs to broadcast this information to all other market makers; then, the other market mak

Author: Kyle Samani, Co-founder of Multicoin Tran

Create Content for HTX and Win a Share of 1000U!Predict BTC's Price & Win 480M $HTX for 30 DaysBTW: Bitcoin-Native L1 26th Marine Expeditionary Unit deploys for Mideast posture The United States has d

26th Marine Expeditionary Unit deploys for Mideast posture

The United States has deployed the 26th Marine Expeditionary Unit (MEU) to the middle east to strengthen deterrence and protect U.S. personnel and partners in the United States Central Command (CENTCOM) area.

Embarked with the Bataan Amphibious Ready Group, the 26th MEU provides a sea-based, rapidly maneuverable crisis-response force. The MEU–ARG integrates infantry, aviation, and logistics under one command to enable Non‑combatant Evacuation Operations (NEO), crisis response, and limited contingencies if

26th Marine Expeditionary Unit deploys for Mideast

RIVER shows a compelling performance over the observed period: Open Price: $18.4937 High Price: $21.8639 Low Price: $18.0992 Close Price: $20.224 Change Rate: +9.36% The price opened at $18.4937 and r

Create Content for HTX and Win a Share of 1000U!Predict BTC's Price & Win 480M $HTX for 30 DaysBTW: Bitcoin-Native L1 Oil stabilizes as Fed stresses patience on inflation Oil price shock raises risks;

Oil stabilizes as Fed stresses patience on inflation

Oil price shock raises risks; Jerome Powell patience likely

An abrupt oil price shock is elevating inflation risks just as policymakers assess the path to 2%. Against that backdrop, Jerome Powell is likely to stress patience.

For the federal reserve, the policy question turns on magnitude, persistence, and spillovers. Temporary energy spikes can fade; lasting increases can lift expectations, costs, and wage bargaining.





Oil stabilizes as Fed stresses patience on inflati

Most people don't know this. Apple has been quietly running FHE (Fully Homomorphic Encryption) as core infrastructure since iOS 18. Features like Live Caller ID process your queries directly while the

on March 13 that U.S. Trade Representative Katherine Tai called on companies seeking refunds of nearly $170 billion in tariffs following the Supreme Court's overturning of tariffs to distribute the re

U.S. Trade Representative: Tariff refunds should be distributed to employees as bonuses.

Create Content for HTX and Win a Share of 1000U!Predict BTC's Price & Win 480M $HTX for 30 DaysClaim1,200 USDT in the Monthly Creation Challenge JPMorgan says bitcoin and gold ETFs show sharp flow div

Claim1,200 USDT in the Monthly Creation Challenge

JPMorgan says bitcoin and gold ETFs show sharp flow divergence since Iran war

The largest spot gold ETF, GLD, has seen outflows of about 2.7% of assets, while the largest spot bitcoin ETF, IBIT, has recorded inflows of around 1.5% of assets since the Iran war erupted, JPMorgan analysts said.

They also noted signs of bitcoin volatility compressing as institutional ownership deepens and market liquidity improves.
Bitcoin and gold exchange-traded funds have seen sharply diverging flows since the Iran war erupted late last month, highlighting shifting investor positioning between the two assets, according to JPMorgan analysts.

The largest gold ETF, SPDR Gold Shares (GLD), has seen outflows equal to roughly 2.7% of assets under management since the war, while the largest spot bitcoin ETF, BlackRock’s iShares Bitcoin Trust (IBIT), recorded inflows of about 1.5% of assets over the same period, JPMorgan analysts led by managing director Nikolaos Panigirtzoglou said in a Wednesday report.

The divergence in flows since Feb. 27 has reversed the earlier year-to-date advantage gold ETFs had over bitcoin ETFs, the analysts noted. However, it did not erase the stronger outperformance gold funds had seen during the fourth quarter of 2025.
The analysts said flows since last October showed a rotation from bitcoin into gold, particularly among retail investors. During that period, IBIT saw notable outflows while GLD attracted strong inflows.

Despite that earlier shift, bitcoin ETFs still lead gold ETFs in cumulative flows over a longer period. JPMorgan analysts said IBIT’s total inflows since 2024 are roughly double those seen by GLD.

The analysts also noted that IBIT’s assets under management had nearly caught up with GLD in July last year before the gap widened again as bitcoin prices fell following the market correction.......



JPMorgan says bitcoin and gold ETFs show sharp flo

BTW: Bitcoin-Native L1

Create Content for HTX and Win a Share of 1000U!Predict BTC's Price & Win 480M $HTX for 30 DaysClaim1,200 USDT in the Monthly Creation Challenge Coinbase Allegedly Conducted Lobbying Activities Agains


Coinbase Allegedly Conducted Lobbying Activities Against Bitcoin in the US The cryptocurrency exchange Coinbase has allegedly been lobbying against a planned "de minimis" tax exemption for Bitcoin under the controversial crypto tax regulations being debated in the US. The company allegedly argued to lawmakers that Bitcoin is not widely used as a means of daily payment, and that implementing such an exemption would be "stillborn from the start." The debate revolves around a de minimis exemption, which aims to eliminate tax liability for small-amount cryptocurrency transactions. Such a regulation could allow users to make everyday payments with cryptocurrency without having to calculate capital gains tax on transactions below a certain amount. However, Coinbase argues that this exemption should only cover regulated, dollar-pegged stablecoins, with USD Coin ($USDC), which is closely associated with the company, being a prominent example. Coinbase's stablecoin revenue is also at the center of the debate. The company reports that it will generate approximately $1.35 billion in revenue from stablecoin operations in 2025, with a large portion of this coming from intoroot corned on LIC Troccuru honde hold

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