In Q1 2026, USDC's on-chain transaction volume reached $30 trillion, accounting for 80% of all USD stablecoin transactions.

CRCL impacted by OUSD; patiently waiting for deep dips to DCA.

140 major institutions are joining forces to challenge Circle's dominance.

Counterintuitively, the main battlefield for the more compliant USDC is actually in the DeFi space.

Binance Temporarily Exits European Market? Where Are the Overflowing Users and Funds Going?

Iran's Revolutionary Guard Warns: Ships Using the Strait of Hormuz Without Tehran's Approval Will Be Struck.

BTC Underperforms ETH, Market Sentiment Remains in Extreme Fear.

Bitmine, SharpLink, and Joe Lubin Support Ethlabs to Drive the Next Phase of Ethereum Growth.

Stablecoins, tokenized assets, DeFi, and "Agentic Finance" will fundamentally transform the way the financial industry operates in the coming years.

The Modularization of DeFi Lending: The Risk Management Battle Among Morpho, Euler, and Aave.

Determined by regulatory trends and capital flows. A potential future combination could be: tokenized Treasury bonds serving as the risk-free leg foundation, combined with a term structure curve pieced together using CME basis / Bitfinex term structure / on-chain interest rate swaps—or a governance-neutral aggregate index.

The biggest trend in the crypto industry for 2026 is not a new L1 blockchain, a new Meme coin, or an ETF approval. It is the first large-scale, systematic influx of crypto capital into the core asset system of TradFi.

This report systematically reviews the evolution of on-chain enforcement and blacklisting systems from 2022 to 2026, covering five major dimensions: the Tornado Cash case, mixer enforcement, the rise of the on-chain analytics industry, the divergence of regulatory frameworks across Europe, America, and Asia, and state-actor confrontation. The core conclusion is that the biggest problem with on-chain enforcement over the past four years is not that it has been 'too lenient,' but that it has taken the 'wrong direction' — continuing to escalate list-based sanctions will only harm innocent users and genuine decentralized innovation simultaneously. The true path forward for on-chain enforcement lies in a tri-track system of risk classification, judicial independence, and technological autonomy.

After a 300% return on Cerebras in May, MSX delivered its second "perfect score" on the night of the SpaceX IPO.

Over the past week, a notable phenomenon has emerged in the crypto market: Risk capital is pulling out, but on-chain funds have not exited.

The art of negotiation lies in the compromise between war and interests.