1.Encryption VC Relationship Network Diagram: What Are the Hidden Rules of Crypto Investment?

As an asset class, venture capital always follows an extreme power-law distribution. However, due to our constant pursuit of the latest narratives, the specific extent of this distribution has never been deeply studied. In the past few weeks, we have developed an internal tool to track the network relationships of all encryption venture capital institutions. Why do this? Click to read.

2. Can Trump really fire Powell? What economic risks would it bring?

The Federal Reserve has long prided itself on its independence from political pressure. However, this tradition is facing new strains as President Donald Trump intensifies his attacks on Fed Chairman Jerome Powell for refusing to cut interest rates. Click to read

3. Wintermute Ventures: Why do we invest in Euler?

The current state of the on-chain currency market can be classified through three major architectural design frameworks: monolithic, isolated, and modular. Monolithic lending protocols restrict borrowing by limiting asset selection, strict loan-to-value (LTV) requirements, and high liquidation penalties. Monolithic lending protocols help improve capital efficiency by pooling collateral used for different purposes and allowing for re-collateralization. However, they only allow the addition of new types of collateral under constrained economic conditions and usually only through governance measures. Click to read.

4. Trump "softens" and lowers tariffs? The new chess game of global competition in 2025

Trump's remarks were by no means a whim, but a concentrated expression of internal and external pressures. In March 2025, the US core CPI rose by 2.8% year-on-year, and used car prices soared by 18%. The 145% tariffs imposed on China on April 10 further pushed up prices, increasing the average annual spending of middle-class American households by about $5,200. If tariffs continue to increase, inflation may exceed the Fed's rate hike threshold, which will hit Trump's "Tax Cuts 2.0" plan and re-election prospects. Click here to read

5. The Truth About the "US Debt Collapse": 4 Suggestions During the Liquidity Crisis

Last week, many investors in global fixed-income+ products were shocked to see two months' worth of earnings wiped out in just one week. It's important to note that these types of products have always been stable, but making money is not easy. This truly reflects the old saying about fixed-income products - "making money is slow, losing money is fast." Click to read.