Featured News
1.Bitcoin to Face Largest Options Expiry in History This Friday, Potentially Driving Bitcoin Higher
3.Brevis Unveils Tokenomics: Total Supply 1 Billion, 32.2% Allocated to Community Incentives
4.U.S. Stocks Close Higher Overnight: All Three Major Indices Rise, S&P 500 Hits New Record High
5.$182 Million Liquidated Across All Networks in Past 24 Hours, Primarily Long Positions
Articles & Threads
1. 《Are Those High-Funded Projects from 2021 Still Alive?》
According to Venture Capital analysis, crypto technology startups raised $25.2 billion that year, a staggering 713% increase from $3.1 billion in 2020. However, four years later, when we look back at the top 400+ high-funded projects, only a very few remain standing. Most have vanished—either announcing shutdowns, pivoting to other projects, collapsing after being hacked, suffering severe negative impacts from FTX’s collapse, or becoming dormant zombie projects.
2. 《Belief in Capital Markets—The Essence and Core Value of Cryptocurrencies》
For cryptocurrency players, 2025 has largely been a year of disappointment. As this year draws to a close, we still haven’t resolved the biggest issues facing the current crypto market—narrative failure and a lack of belief. As an ordinary practitioner in the cryptocurrency industry, though my work is quite mundane, over these four years I’ve observed some things, pondered some matters, and always had a vague sense that one day I’d systematically write these thoughts into an article. Now is the time.
Market Data
Overall Market Funding Sentiment (Reflected by Funding Rates) and Token Unlocks
Data Sources: Coinglass, TokenUnlocks
