金色财经_

Author: TIGER Source: X, @tiger\_web3
It's been nearly a month, it's time to review and sort out ideas.
The goals of the past few years have been very clear: steady growth, striving to jump from A8 to A9 as soon as possible.
With this clear goal, the action plan becomes much simpler. My previous strategy can be summarized in two points:
First, give up all the fuss that doesn't help A8 to upgrade to A9. For example, I found some small opportunities that might earn A7 after the build is completed, but I decisively gave up these trivial gains.
Secondly, steadily and continuously seek opportunities with positive EV (expected value), place multiple bets, and minimize the influence of luck as much as possible. For example, throughout the year 23, I invested a lot of effort in 'plucking fur' (collecting various airdrop benefits), even if I lost some.

The encryption market is experiencing severe turbulence. In February, BTC experienced a big dump of 17.39%, marking its worst February performance since 2014 and the second worst in history. As we enter March, the market remains weak, with BTC consecutively breaking through several key support levels, essentially returning to the level it was at when Trump won the election last year. Since reaching an all-time high on December 16, 2024, the total market capitalization of the encryption market has dropped by more than 30%, with volume plummeting by nearly 60%. The exhaustion of short-term Favourable Information and the intertwining of macro risks are triggering widespread panic in the market.
Short-term Favourable Information fully priced-in
There is visibly no substantial Favourable Information in the current market, and market confidence is seriously damaged. The much-anticipated BTC strategic reserve plan last week was finalized, but the reserve only obtained BTC through confiscation procedures, rather than directly using fiscal funds to purchase. This means that the market has not attracted additional buying power, but has further compressed the market's expectations for 'US government policy Favourable Information'.

Introduction: Prague Upgrade Outlook
Since its official launch in 2015, Ethereum has been at the forefront of technological innovation and application exploration in the blockchain industry. As a pioneering platform, Ethereum has not only led the wave of smart contracts and decentralized applications (DApps), but has also had a profound impact on decentralized finance (DeFi), non-fungible tokens (NFTs), and other blockchain application areas. However, Ethereum's technological evolution does not stop there. From the initial PoW (Proof of Work) consensus mechanism to the completion of 'The Merge' in September 2022, officially transitioning to PoS (Proof of Stake), Ethereum has always been seeking more efficient, environmentally friendly, and scalable solutions. Now, the upcoming Prague Upgrade has once again sparked widespread market attention.
Prague Upgrade

Author: Joel John, Decentralised.co; Translation: Yangz, Techub News
Money dominates everything around us. When people start to discuss the fundamentals again, the market is probably in a bad situation.
This article raises a simple question: should tokens generate income? If so, should the team repurchase their own tokens? Like most things, there is no clear answer to this question. The path forward needs to be paved by honest dialogue.
Life is nothing but a game called capitalism
This article is inspired by a series of conversations with Ganesh Swami, co-founder of Covalent, a blockchain data query and indexing platform. The content covers the seasonality of protocol revenue, evolving business models, and whether token buybacks are the best use of protocol capital. This is also where I

Source: Golden Finance
Corporate leaders' private discussions about the Trump administration differ significantly from what they are willing to express publicly. This inconsistency was fully demonstrated this week.
Earlier on Tuesday, dozens of corporate executives and others gathered at the Yale CEO Caucus not far from the White House, where there were reports that the Trump administration may be planning to double tariffs on steel and aluminum from Canada. Reactions in the room varied, with some sighing and others laughing in disbelief.
Jeffrey Sonnenfeld, a professor at the Yale School of Management, said, 'There is widespread antipathy towards Trump's economic policies.'
He organized this invitation-only event

Source: Miao Toup APP
The sharp drop in US stocks may be another means by which Trump forces the Fed to cut interest rates quickly.
On March 10, 2025, Eastern Standard Time, the U.S. stock market staged a heart-stopping plunge. The Nasdaq index plummeted 4% in a single day, marking the largest single-day decline since September 2022; the S&P 500 index fell by 2.7%, marking its worst single-day performance since December 18, 2024; and the Dow Jones index closed down by 2.08%.
Tech stocks led the decline, with former market darling NVIDIA falling 5.1%, down nearly 20% year-to-date (as of the close on March 11); Tesla plummeted more than 15% on the day, marking its largest single-day decline in over four years, wiping out $130 billion in market value overnight.
The catalyst for all of this seems to stem from comments made by Trump over the weekend - Trump refused to predict whether the United States would face an economic downturn during an interview.

Memes have become an undeniable financial force, occupying 65% of the volume in the Crypto Assets market. While bringing opportunities, they also entail high volatility and speculative risks. To achieve long-term survival, MEME needs to adopt effective governance mechanisms, such as Decentralized Autonomous Organization. The challenge lies in balancing risks, ensuring investor safety and market stability, to lead MEME into the legitimate digital economic sector.

The latest core consumer price index in the United States is lower than expected, which may prompt the Federal Reserve to cut interest rates. The likelihood of a rate cut is rising, and the prices of risk assets are also rising accordingly. Despite the decline in the price of Bitcoin, traders should prepare for economic uncertainty. Trump may be trying to force a rate cut, but the Federal Reserve Chairman has not yet made a statement. Market analysts are concerned that not cutting interest rates could lead to a Bear Market. Trump may be intentionally causing a financial market collapse to push for a rate cut, as the government needs to refinance massive debt.

Projects like Aave and Arbitrum have recently introduced tokenomics reforms, such as buyback programs, in the encryption space. Supporters believe that buybacks demonstrate market alignment and the rise potential, while opponents argue that other strategies are more effective. Advocates suggest different mechanisms to boost Token prices, such as purchasing unvesting supply and veTokenomics. Buybacks may make sense when the Token supply is fully circulating, but should be considered based on the project's development stage and market maturity.