Organizer: Cora

This Week's Focus

"Exclusive Interview with the Chief Economist of New Fire Group, Fu Peng: Interpretation of Bitcoin's Asset Attributes, Hong Kong Real Estate Market and Financial Advice for Ordinary People—Techub News Dialogue Transcript"

In this interview, Fu Peng clearly defines the asset attributes of Bitcoin, dissects its core differences from AI assets and gold, while analyzing the core supporting factors of the Hong Kong real estate market and the positioning of the digital asset field.

"Base Launches First Independent OP Stack Framework Network Upgrade Azul, Will This Be the Beginning of Independent Iteration for L2?"

In summary, increased competition ultimately benefits end users. Base's independent upgrade forces other L2s to also accelerate their iteration speed, enhance security and performance, and lower the developer threshold. For developers, this means more choices, better toolchains, and lower multi-chain adaptation costs; for users, cross-chain experience, withdrawal speed, and transaction fees will continue to improve.

"Hong Kong Securities and Futures Commission's Latest Framework Launched: The Opening of Tokenized Secondary Market Trading, Is a New Era Coming?"

The release of the new regulatory framework by the SFC marks a significant step from a "one-way channel" (limited to primary market subscriptions and redemptions) to a "two-way circulation market" (where investors can freely buy and sell). Previously, only primary market transactions were allowed, and now the trading of tokenized products on licensed platforms in the secondary market is officially opened, greatly enhancing product liquidity.

"Rollup Dialogue with Dragonfly Partner Rob Hadick: After the Crisis Weekend, Where Will DeFi's Future Go?"

From mainstream coins to any narrative at the time, every AMM, every lending protocol, every gaming protocol has risen. Regardless of whether you hold the largest one, it will rise with it. However, that era has ended. Investing in this field will be more difficult, and trading will be more difficult. It is no longer just about seeking beta (as everyone basically did before), but rather seeking more alpha.

"Solana Q1 Ecosystem Overview: Data Fully Receded into 'Cooling', 5 Key Pillars May Determine the Success or Failure of the Next Round of Expansion"

Over the past year, Solana has been the preferred platform for speculation in the cryptocurrency sector. This positioning has provided its network with a priceless "stress test". The result is an explosive growth in user activity, fees, number of developers, and investor interest.

Selected Recommendations

"An Agent Without an 'ID' Cannot Take Over the World"

Anxiety and excitement reflect the most authentic image of the current tech circle. Business owners sitting at home dressing as "little lobsters" on New Year's Day and independent developers debugging Agents late at night are being driven forward by the same force. They are both afraid of missing out and afraid of backlash.

"The CLARITY Act Reaches a Critical Juncture, U.S. Crypto Regulation at a Crossroads"

For market participants, there is only one core strategic judgment: regardless of how the bill is ultimately passed, compliance capability will become the most important competitive moat in the next five years. In a new crypto market dominated by institutional capital, those who can navigate regulatory cycles will surely be the pioneers who complete compliance infrastructure construction early amidst institutional uncertainty.

"Escaping the Venezuelan Trap, Reproducing the Singapore Miracle, and Building a Public Chain with Sovereign Currency Experience"

This article dissects the design logic of the $PROS token economics from a monetary economics perspective and clearly distinguishes three types of content: first, the mechanism facts that have been publicly disclosed at the project level; second, the author's deduction based on the monetary economics framework; third, normative judgments on the applicable conditions of different supply paths. The following text will analyze this phased supply framework in conjunction with examples from sovereign economies and crypto-native projects, and discuss its applicable conditions and potential constraints at different stages of development.

"AI is Not About Eliminating APPs, But Rather Making Them 'Return to Position'

The ultimate winner is not the smartest APP, but the one best at handling human-machine contradictions, privacy games, and legal responsibilities. AI is power, while APPs are the interface of power. This trend has accelerated, but the direction is not a one-way street. By 2030, the most commonly used APP on your phone may just be that retro software that vowed to "never use AI"—because humanity's desire for real connection and autonomy has never faded.

"Consumer-Level Crypto Global Census: Users, Revenue and Track Distribution"

Seven core conclusions: the user issue of cryptocurrency is essentially a geographical issue; Tron is the most important consumer-level public chain, but no one talks about it in NYC and SF; on-chain e-commerce hardly exists; the largest prediction market is centralized; revenue and user numbers often move in opposite directions; the perpetual DEX war has ended; there are indeed consumer-level crypto companies making real profits—only they don't look much like DeFi.