The information flow is too fast, and in-depth analysis articles can easily be drowned out by hot topics. The "Weekly Editor's Picks" column rescues this valuable content from the sea of information, helping you filter out the noise, leaving insights, and bringing inspiration.
Macro Landscape
The 'Most Uncertain' in Years, Will the Fed Deliver a Shock Tonight?
The meeting with the strongest 'uncertainty' in recent years stems from the tug-of-war between two forces. June's CPI was lower than expected across the board, non-farm payrolls were weaker than expected, and oil prices retreated before the meeting, all providing room for the Fed to continue waiting. However, inflation remains above target, the Middle East situation and oil prices are volatile, some Fed officials' recent remarks have been hawkish, and Chairman Walsh has yet to establish a clear policy track record, making it difficult for the market to completely rule out a rate hike risk.
The market has already paid for the rate hike risk.
Investment & Entrepreneurship
Real Vision Founder: After 13 Years of Bull and Bear Markets, Rethinking the Long-Term Value of Cryptocurrency
The crypto track is a long-term game that simultaneously tests one's mentality to the extreme, as many people's income and net worth are deeply tied to the industry. The ultimate winners are not those with the strongest short-term trading skills, but those who can clearly understand the essence of the assets they hold, are confident in the trend of continued network adoption, and can withstand deep drawdowns of 50% every few years.
Take a long-term perspective and strip away market noise. Simultaneously position in a digital vault (Bitcoin) and the underlying economic channels (quality smart contract public chains), follow the industry's growth curve, and avoid exhausting energy trying to beat the cycle.
I Built a Bitcoin Buying System: At $64,000, the Lower the Score, the More I Buy
A static and disciplined investment execution standard.
Welcome Back to the Native Family, Global Stock Markets Are Becoming 'Crypto-fied'
Narratives trump valuations, leverage amplifies sentiment, and social media rapidly pushes consensus to extremes. Global stock markets, especially tech stocks, are increasingly resembling the crypto sphere.
How Did a Fake SpaceX Engineer Stir Up the Trillion-Dollar Commercial Space Market?
Major media outlets including Bloomberg have reported news that "SpaceX will gradually phase out Falcon 9 and fully bet on Starship."
A user named Yatharth Mann posted on social media, stating that the "SpaceX insider" cited in the above reports does not actually exist, and that he himself was the creator of this "leak."
Mann's claim has not yet been publicly confirmed by the relevant media, and the media accused of involvement have not publicly responded.
Crossing Borders Is Hard: Neither Prediction Market Nor Perp DEX Leaders Have Successfully Replicated Their Own Success
Hyperliquid: Active prediction markets dropped from 125 to less than 20; Polymarket: Perpetual contract daily trading volume less than $20 million; Kalshi Perps: $16.1 billion trading volume in six weeks after launch, but cooling down recently.
The cross-border attempts by Hyperliquid, Polymarket, and Kalshi show that what's truly difficult to replicate is the user habits and liquidity accumulated over the long term in their original tracks.
The so-called Everything Exchange ultimately may not compete on who covers the most categories, but on who can continuously accumulate users, liquidity, and market depth in their core track. For platforms with established clear advantages, perhaps making their home ground deep enough is more important than constantly expanding boundaries.
Deciphering Six Major Crypto Protocols with Data: Revenue Grows Continuously, So Why Aren't Token Prices Rising?
Multiple protocols are generating substantial revenue, but not all of them accrue value to their tokens in the same way. Even if they do, it doesn't necessarily lead to asset price increases, as there is usually sufficient selling pressure from unlocked tokens held by insiders, negative news, incentives, the overall sentiment towards the project, and the competitive landscape.
A good protocol does not equal a good token. Only when revenue, distribution, and release are all scrutinized simultaneously can token holders truly share in the growth dividend.
Also recommended: "Microsoft, the Only One Rising Post-Earnings, What Supports Its Stock Price?", "Cyclical or Growth Stock? Coinbase Q2 Earnings Reveal 'Valuation Divergence'", "South Korean Stocks Halted 7 Times This Year: The Summer Destroyed by Leverage for Young People", "BitMEX, Bitmart Successively Shut Down, Do Exchange Closures Signal a Bear Market Bottom?", "Failed to Survive Despite Raising Millions, Who Has Fallen in the Crypto Industry This Year?".
AI & Storage
Nvidia's Credit Default Rate Soars, Is the AI Debt Bubble About to Burst?
The credit market has already priced the risk of AI cloud infrastructure expansion. Guarantee and cooperation frameworks can lock in future demand but may also transmit customer financing risks back to Nvidia.
Is China's Lithography Machine Also Entering the DeepSeek Era? Is the US Stock Market Facing Selling Pressure Again?
The rise of China's related chip industry is fundamentally shaking the pricing logic of the global storage market.
Storage Plunge, a Night of Panic
The "night of panic" in the storage sector is essentially a decoupling of fundamentals and expectations.
Now, the sensitive capital market has begun to price in the potential supply glut of 2027 in advance. According to the expectations of the "Big Short" Barry, the real test for the storage industry will be the time window in the second half of 2027 to 2028 when new South Korean fabs concentrate on mass production.
There are two relatively rational ways to respond: Hedge existing positions; Consider switching tracks (e.g., Apple, Google).
Trillion-Dollar Return from a Decade-Long Partnership! AI Burning Money Intensifies, The Market's Patience is Waning
Limited visibility into capital expenditure after 2027, coupled with investors' increasing demands for spending discipline, may continue to suppress risk appetite.
The core logic of bulls is: Real demand exists, what limits growth is supply, not demand. Bears focus on the lack of return visibility.
SK Hynix's Most Profitable Quarter Ever, Why Still "Missed Expectations"?
The market is truly concerned far more than just how much SK Hynix can earn in Q2, but how to re-price future growth potential — and bulls and bears have clearly not reached a consensus on this point yet.
Bulls are betting that AI infrastructure expansion will continue, while bears worry the market has already priced in future growth ahead of time.
SK Hynix enjoys the valuation of an industry leader and must also bear the pressure of a leader — when the market already believes your story, excellent performance is no longer enough; only consistently exceeding higher expectations can drive valuation further up.
Also recommended: "After a 40% Plunge in Semiconductor Stocks, Re-examining the Fundamentals of Computing Demand".
Policy & Stablecoins
Stuck at the Final Hurdle, Where Exactly is the Clarity Act Snagged?
The Clarity Act has reached the final "one-yard line." Like in American football, this last yard may be the hardest yard on the field, and politically it's a battle for every inch of ground... Considering the limited time left and the strong opposition from Democratic lawmakers involved in negotiations to the current wording of the ethics provision, the probability prediction for the Act's landing in 2026 has been lowered to 30%.
The biggest disagreement truly hindering the Act's progress remains the ethics provision, which was once interpreted as an area where Trump and Republicans were willing to compromise.
The Clarity Act not only faces the issue of whether it can resolve its own differences in time but also needs to compete with other still-controversial bills like the Russia Sanctions Act, the Budget Act, and the SAVE Act for the limited Senate voting time.
What If the CLARITY Act Ultimately Doesn't Pass?
For the crypto market, analysts generally believe the impact would be limited, and the market has already reacted in advance.
If it fails to pass, it may impact Coinbase, but for Circle's long-term price, it might be a good thing.
For the Washington political landscape, it means future legislation will be very difficult.
CeFi & DeFi
More Accurate Than Brokers? TradeXYZ Pre-Prices ChangXin Technology
ChangXin Technology's listing first confirmed TradeXYZ's "dominance" in pricing the A-share market, with an error margin of less than $0.2 compared to traditional brokers, but it traded at a discount after opening.
ONDO Up 30% in Three Weeks, What Are Investors Betting On?
Ondo happens to be the most active player recently in the on-chain trading of US stocks theme.
Those US stock contracts on Hyperliquid are largely backed by assets issued by Ondo. After capturing 70% of the upstream share, Ondo is moving downstream — directly using tokenized stocks issued by Ondo as margin.
Constrained by the overall sluggish crypto market, short-term catalysts are unlikely to form the basis for ONDO's long-term structural rise; it's more about short-term reactions to events and capital games.
Airdrop Opportunities & Interaction Guides
Popular Interaction Collection | Axis Robotics "Zero-Cost" Tasks; Orbinum Testnet Experience (July 30)
Ethereum & Scaling
When 8 Million ETH Starts 'Moving': Post-Pectra Era, Is Staking Facing a Structural Upheaval?
Lido is gradually migrating over 8 million ETH (approximately $16 billion) from the hundreds of thousands of traditional validators supporting stETH to the new validator architecture introduced after the Pectra upgrade.
This will not directly reduce the Gas paid by ordinary users, nor will it suddenly speed up transaction confirmation. In fact, to complete the migration, Lido estimates the temporary reward loss from the migration is roughly equivalent to 0.28% of the protocol's annual staking rewards.
Compound validators provide the ability to reinvest fragmented ETH into native staking. This represents managing more capital more efficiently with fewer validators.
Rushing to Ethereum, Why is ETH Price Continuously Weak?
The reason for the disconnect between price action and fundamentals is clear: More and more investors are confused about ETH's value growth logic.
New Ecosystems
Platform Token Soars 15x in Half a Month, Pons Tops Robinhood Chain for Both Token Issuance and Trading
Security
In-Depth Review of Poolin's Bankruptcy: From a $163 Million IOU Crisis, Understanding Why Platform Wallets Are Not Secure
Don't mistake ordinary platform wallets or savings accounts for professional asset custody.
Weekly Hot Topic Catch-Up
Policy & Macro Markets
Fed Holds Rates Steady;
MiCA Lands in Europe, Crypto Industry Faces 'Major Shake-up': High Regulatory Threshold May Spur New Wave of M&A;
South Korean Pension Fund Turns Net Buyer of KOSPI for First Time This Year, Heavily Invested in SK Hynix;
ChangXin Technology Sets Multiple A-Share Records in First Hour of Listing;
Views & Voices
Dan Bin: When the Market Crashes, You Must Dare to Buy, Just Used Up Remaining Bullets;
Sam Altman's Latest Interview: Unafraid of Open-Source Distillation, OpenAI Will 'Shock the World' in the Next 12 Months;
Tom Lee Responds to Ethereum Being Eroded by L2s: Disagree, ETH Is On-Chain Money;
MSX Founder: If Acquiring Bitmart, Will Promote Zero Fees for Spot and Perpetual Contracts;
Institutions, Large Companies & Leading Projects
Samsung and SK Hynix to Announce Large-Scale AI Chip Deals with US Tech Giants;
Wall Street's 'AI Stock God' Falls, Citadel Steps In to Acquire All Positions;
Continuing to Borrow to Buy Crypto, Metaplanet Launches First Bitbonds Issuance in Japan, Annual Interest Rate Reaches 4%;
Data
Trump Administration Has Accumulated Nearly $27 Billion in Corporate Equity, Currently Largest Investment is Intel;
Apple Becomes Second Company to Reach $5 Trillion Market Cap;
SpaceX Down 20% from IPO Price, Market Cap Evaporates $1.2 Trillion from Peak;
South Korea's Top Five Financial Groups' H1 Net Profit Exceeds 13 Trillion Won, Brokerage Business Becomes Largest Growth Driver;
Security
Hyperliquid Co-founder Responds to Abnormal Hynix Quote: Related Contracts Deployed and Operated by Trade.xyz Team, Investigating Cause;
Trade.xyz Completes Partial Compensation Distribution for Abnormal Hynix Contract Liquidation Event...
Attached are the portals to the "Weekly Editor's Picks" series. See you next time~
