The ultimate goal of ETHGas is to achieve "real-time transactions" on Ethereum through Blockspace.

This report will delve into the key narratives shaping 2025 and extract lessons from its rise and fall.

After the dark battle of the wallet track in the underlying facilities of Tee, many viewers have been urging for updates backstage, so the Fourteen Lords will roll again in 2025. Hyperliquid is undoubtedly the annual hotspot. This time, let's take a professional look at the details, connecting the events to see how wallets, exchanges, DEXs, and AI trading are all in a chaotic battle here! 1. Background In 2025, the author has basically researched all the Perps (perpetual trading platforms) available on the market and witnessed the hype market grow fivefold...

This article is from: Fisher8 Capital, translated by Odaily Planet Daily (@OdailyChina); translator: Azuma (@azuma_eth) Editor's note: The year 2025 has become a thing of the past. At the beginning of the new year, many VCs are competing to release their reviews of 2025 and predictions for 2026. However, due to their own business model orientation, VCs often focus more on the primary market perspective, providing limited guidance for retail investors focusing on the secondary market. Meanwhile, leading liquidity fund Fisher8 Capital...

It was the worst of times, it was the best of times. As the speculative bubble bursts, the true builders have only just begun their journey.

Advanced players study liquidity, using splits to generate chips for profit margins, and utilizing mergers to optimize exit paths.

This is not a normal market, but a psychological battlefield.

A mechanism originally designed to keep derivative prices closely aligned with spot prices may, in the future, exert influence on the entire dollar system itself.

In 2025, the Web3 world is not lacking in grand narratives, especially with the completion of regulatory shifts and stablecoins gradually being integrated into the TradFi system. Discussions about "compliance," "integration," and "the reconstruction of the next phase of order" almost constitute the main theme of this year (see further reading "2025 Global Crypto Regulatory Landscape: The Beginning of the Integration Era, a Year of Convergence between Crypto and TradFi"). However, behind these seemingly high-dimensional structural changes, a more fundamental yet long-ignored issue is surfacing, namely the accounts themselves, which are becoming the entire industry's...

Under technological upgrades and ecological prosperity, the price of ETH has dropped by 40%. The Dencun upgrade has led to the collapse of the deflation narrative, and the growth of L2 has weakened the value capture of the mainnet, but the potential for transforming global financial infrastructure is immense.

Original | Odaily Planet Daily (@OdailyChina) Author | jk In the cryptocurrency industry, compensation is always a topic that is frequently mentioned but is the hardest to draw reliable conclusions about. Whether it is founders establishing internal compensation frameworks or candidates assessing whether an offer is reasonable, the reality often lacks data support. Industry discussions often rely on scattered individual cases, anonymous sharing, or emotional judgments, rather than a universal compensation structure. Against this backdrop, the top venture capital firm in the cryptocurrency industry, Dragonfly, in 2023...

Against the backdrop of intensified market competition, Korbit, which currently has a very low market share, faces significant challenges in breaking through. On the other hand, the pressure from regulation not only creates obstacles for business development but also increases the uncertainty of future asset acquisitions.

Introduction At the end of the year, riding on the momentum of HashKey's listing, the Hong Kong Financial Services and the Treasury Bureau and the Securities and Futures Commission jointly announced that, in addition to proceeding with the original regulatory framework, they will advance the licensing regulation of "virtual asset trading" and "virtual asset custody" services under the Anti-Money Laundering Ordinance (AMLO) as planned. Furthermore, they are preparing to introduce new licenses for these two services: one for "providing advice on virtual assets" and another for "virtual asset management," and public consultations have already begun. If all goes smoothly, the mainstream core services of virtual assets, including "trading," "custody," "investment advisory," and "asset management," will be fully integrated...