The most dramatic moment of this eleven-year standoff wasn't the opening statement in court, but a post on X calling him "Scam Altman."

回购销毁赢了？拿掉Hyperliquid立刻垫底。

A two-step critical mission: First plug the hole, then clear the bad debt.

New banking regulations effective April 1st will unlock trillions of dollars in credit.

Within 48 hours, he changed his answer.

From Hong Kong to the world, accelerating the upgrade from an "equity token platform" to a "global compliant blockchain securities firm."

STRC's true vulnerability is not the BTC price, but the mNAV.

The "world's richest man" battles the "world's leading AI giant", a conflict that will directly impact the future trajectory of two trillion-dollar IPOs.

Observations from Hong Kong Carnival × Bangkok Money 20/20

Polymarket's Q1 traffic reached 122 million visits, ranking first among crypto application websites.

The controversy surrounding prediction markets is escalating from platform compliance issues to a jurisdictional battle over regulatory authority between the U.S. federal government and state governments.

Stablecoins are progressively evolving into universal, public payment infrastructure.

The "know-it-all" of traditional finance faces a rough landing in the crypto world.

From energy to fertilizer, from helium to AI chips, this transmission chain spanning dozens of industries is far longer than most people imagine.

The most likely outcome is not redefining the phone industry, but adding one more slide to its IPO roadshow.

From technical resonance to capital repair, the market is gradually confirming a trend inflection point.