
Zhixiong Pan|Oct 09, 2025 06:36
Back during DeFi Summer, it was pretty common for protocols to hold tokens and collaborate with each other, or even stack layers.
Later, it was revealed that there were intricate mutual investment relationships between VCs, projects, and founders, which had been exposed multiple times.
Now, companies like OpenAI, Nvidia, AMD, and Oracle are playing at a higher level. Bloomberg even specifically reported on the topic of 'circular financing' today.
Discussion summary: https://newshacker.me/story?id=45521629
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