链游在韩国为什么不火?

区块律动Publicado em 2019-09-24Última atualização em 2024-09-19

Leituras Relacionadas

How Did the Target Price of 116 Yuan and a Market Cap of 7.9 Trillion for CXMT Come About?

Nomura's inaugural coverage report on ChangXin Memory Technologies (CXMT) gives a 'Buy' rating with a highly aggressive target price of 116 RMB, implying a 1239.5% upside from the IPO price of 8.66 RMB. The valuation is derived by applying a 20x P/E multiple to projected 2028 EPS of 5.79 RMB. The 20x multiple combines Micron's historical valuation with a premium for Chinese A-shares. The report's financial forecasts are exceptionally bullish. It projects revenue to soar from 62B RMB in 2025 to 773B RMB in 2028, with net profit surging to 393B RMB. A key, and arguably unsustainable, assumption is gross margin expanding to over 90% by 2028, driven almost entirely by price increases with minimal cost growth. This optimism is rooted in a forecast that global DRAM demand will grow over 7x from 2026 to 2030 (CAGR >60%), fueled by agentic AI. Nomura argues that supply growth (30-40% CAGR) will lag far behind demand, creating a persistent shortage. Bottlenecks in cleanroom space, equipment, materials, and skilled engineers will constrain rapid industry expansion. For CXMT, Nomura expects capacity to reach 550k wafers/month by 2028. The company's bit output is forecast to grow 40-45% annually, allowing its global market share to rise from ~10% to ~18%. While CXMT's technology lags leaders by about five years, limiting its wafer ASP, it benefits from supportive domestic procurement policies. Key risks include the cyclicality of memory pricing, with the 90% margin assumption representing a peak-cycle scenario rather than a sustainable norm.

链捕手Há 4m

How Did the Target Price of 116 Yuan and a Market Cap of 7.9 Trillion for CXMT Come About?

链捕手Há 4m

What Will Ethereum Look Like in 2030?

**Title: What Will Ethereum Look Like in 2030?** **Summary:** This article outlines the "Lean Ethereum" vision, a unified roadmap for Ethereum's evolution leading up to 2030, centered around five key "North Star" goals: 1. **Fast L1:** The goal is to reduce transaction finality from ~15 minutes to seconds and block times from 12 seconds to 4 seconds. This will be achieved through a streamlined consensus mechanism using zero-knowledge proofs (ZK proofs) to aggregate validator votes efficiently. The minimum staking requirement will also be lowered to 1 ETH, promoting greater decentralization. 2. **Billion-Gas L1:** Ethereum aims to increase its Layer 1 throughput by ~200x, targeting 1 billion gas per second. The breakthrough relies on implementing an L1 ZK-EVM, where a single cryptographic proof verifies all transactions in a block, eliminating the need for every node to re-execute them. This enables massive scalability while allowing even light clients (like phones) to fully verify the chain. 3. **Trillion-Gas L2:** The focus shifts to scaling Layer 2 networks (Rollups). Enhancements like PeerDAS and planned upgrades will expand data bandwidth (blob capacity) to 1GB per second, supporting a vast ecosystem of high-throughput L2s. Ethereum will solidify its role as a secure settlement layer, with specialized L2s (e.g., for tokenized stocks) handling application-specific logic. 4. **Quantum-Resistant L1:** To counter future quantum computing threats, Ethereum plans to transition its cryptographic signature schemes (ECDSA, BLS) to quantum-safe, hash-based alternatives. A dedicated post-quantum research team is working on this transition, slated for completion around 2029. 5. **Privacy-Native L1:** For the first time, native privacy is an official goal. Using ZK proofs, transactions could hide sender, receiver, and amount details while proving compliance with network rules. This addresses critical privacy concerns for both individuals and enterprises, though regulatory uncertainty remains. The article notes that development is becoming more decentralized, with new institutions like Ethlabs emerging alongside a downsized Ethereum Foundation. While the "Strawmap" document guiding this vision is a living draft subject to change and delays, the core ambition is clear: to make Ethereum faster, more scalable, quantum-secure, and privacy-preserving while retaining its foundational properties of neutrality and trustlessness.

Foresight NewsHá 6m

What Will Ethereum Look Like in 2030?

Foresight NewsHá 6m

A Critical Week Begins for Bitcoin and Altcoins: All Eyes on the Fed's Interest Rate Decision! When Will It Be Announced? What Message Will the Chairman Send...

This week is critical for Bitcoin and altcoins, as all eyes turn to the Federal Reserve's (Fed) July interest rate decision. The Fed is set to announce its decision on Wednesday, July 29th, at 21:00 Turkey Time (GMT+3). Following the announcement, new Fed Chair Kevin Warsh will hold a press conference at 21:30. Markets currently expect the Fed to hold interest rates steady in July, with probabilities at 66.3% for no change and 33.7% for a 25-basis-point hike. This follows the Fed's decision in June to leave rates unchanged at 5.25-5.50%. Many experts anticipate the Fed will not raise rates for the rest of the year, citing limited inflationary impact from recent tariffs. Bitcoin, having surpassed $65,000 again, and global markets started the week positively after the de-escalation of U.S.-Iran tensions. However, investors will closely monitor the Fed's statement and Chair Warsh's comments for clues on future policy. Chief Economist Mark Zandi of Moody's Analytics stated he expects rates to remain unchanged this year and next, noting inflation has likely peaked. A significant source of uncertainty is the new Fed Chair, Kevin Warsh. Analysts note Warsh maintains a more opaque and less communicative style than his predecessor, Jerome Powell, preferring brief answers and offering fewer forward-looking signals. This shift in communication style makes policy predictions more difficult and could lead to increased bond yield volatility as markets parse his words for hints.

cryptonews.ruHá 9m

A Critical Week Begins for Bitcoin and Altcoins: All Eyes on the Fed's Interest Rate Decision! When Will It Be Announced? What Message Will the Chairman Send...

cryptonews.ruHá 9m

Why Are There Increasingly More Indian Executives in the Global Payments Circle?

Why are we seeing more Indian executives rising in the global payments industry? This article explores the phenomenon from the perspective of Chinese professionals working abroad. Contrary to perceptions of India as a complex and difficult market, a highly competitive and globalized cohort of Indian talent is excelling in international finance and tech hubs. These individuals represent a filtered elite, having undergone rigorous educational and professional selection. The article argues that the key advantage of many Indian leaders lies not in pure technical expertise, but in superior organizational and stakeholder management skills. In global payment networks—involving banks, regulators, card schemes, and partners—success often depends on the ability to align diverse interests, build consensus, and navigate complex bureaucracies. Indian executives frequently demonstrate strength in pre-emptively engaging stakeholders, managing expectations, and forming alliances. Furthermore, strong communication and presentation skills are reframed not as mere showmanship but as essential leadership tools for building visibility, securing resources, and creating organizational buy-in within large multinationals. The professional network or "ecosystem" cultivated by the Indian diaspora is another significant factor, creating long-term career momentum through mutual support, referrals, and partnerships across companies like JPMorgan, Visa, and Stripe. Singapore serves as a key regional amplifier for this talent in Asian finance. Many Indian entrepreneurs are also founding companies in payment infrastructure (e.g., cross-border payments, B2B solutions), leveraging their blended experience in technology, finance, and regulation. The conclusion posits that while Chinese payment talent possesses world-class executional and product skills from scaling massive markets like mobile payments, the next phase of global competition requires complementing this with "global organizational capability." This means shifting from individual execution to becoming enablers who can influence, connect, and lead complex, cross-cultural systems to action. The rise of Indian executives signals an evolution in the industry where the ability to get things done *through a global organization* is paramount.

链捕手Há 14m

Why Are There Increasingly More Indian Executives in the Global Payments Circle?

链捕手Há 14m

Crystal Foresight Stablecoin Industry Report: What Drove the Q2 2026 Decline in Stablecoin Supply

Stablecoin total supply declined by approximately $115 billion (-3.6%) over 90 days, falling from a May high of $3.2 trillion to $3.065 trillion in July 2026. This marks the first quarterly contraction since late 2023. The decline was highly concentrated: USDC (-$5.8B), USDe (-$2.0B), USDS (-$2.0B), USDT (-$1.4B), and PYUSD (-$1.2B) accounted for nearly all net outflows. Gold-backed tokens PAXG and XAUt also declined, primarily due to a drop in gold prices, a separate dynamic from dollar-pegged stablecoins. A core finding is that each stablecoin's decline had distinct drivers tied to its primary use case ("transfer fingerprint"): - **USDC** (dominant use: DeFi collateral) contracted due to cooling DeFi activity. - **USDe & USDS** (yield-bearing stablecoins) shrank as underlying protocols (Ethena, Sky) reduced yields, prompting redemptions. - **USDT** (payments/trading) saw a marginal, strategic reduction linked to European exchange delistings, not yield pressure. - **PYUSD** dropped amid regulatory uncertainty and a strategic refocus by PayPal. Some growth occurred (USDG, DAI, etc.), but it was far smaller than the outflows. The report concludes the decline is largely linked to reduced yields and DeFi cycles, not a loss of confidence or de-pegs. A reversal is possible if on-chain yields improve. Future signals will be found in "yield fingerprints" and "collateral fingerprints," not just headline supply figures.

链捕手Há 15m

Crystal Foresight Stablecoin Industry Report: What Drove the Q2 2026 Decline in Stablecoin Supply

链捕手Há 15m

Trading

Spot
活动图片