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OpenClaw founder questions Tencent's copying of its project, claiming that SkillHub was launched directly without prior communication, affecting community autonomy. Tencent responded that it is a localization platform that did not drain resources from the original platform. The article points out that major tech companies are seizing the opportunity to capture market share, which could potentially restrict users' and developers' choices in the future, bringing potential risks.

# Author: David, Deep Tide TechFlow
**Original Title: The Person Who Exited at the Peak of NFTs Is Now the Most Secret Winner Behind OpenClaw**
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OpenClaw is on fire, but the one quietly making money from this wave is a company you've probably never heard of:
OpenRouter.
To use OpenClaw, you need to integrate various AI models to actually get work done—Claude, GPT, DeepSeek all have different fees and interfaces. What OpenRouter does is bundle these models together, you use them uniformly through it, and it profits from the spread.
The person running this business is called Alex Atallah. His company just raised

JPMorgan report shows that since the escalation of the Iran situation, Bitcoin ETFs have attracted inflows while traditional gold ETFs have experienced outflows. CME warns that if the US government intervenes in the oil market, it will cause a market confidence crisis. The US SEC Chair stated it will consider innovation exemptions for tokenized securities trading. The US Senate passed a bill prohibiting CBDC issuance, with unclear prospects for the legislation. Ark Invest report warns that approximately one-third of Bitcoin faces quantum computing risk.

This article explores the development potential of the crypto agent economy, emphasizing the necessity of combining AI with blockchain technology. Although current crypto asset growth is slow, the rise of AI agents provides possible momentum for the future economy. The article analyzes how the agent economy operates and its impact on DeFi, and looks forward to rapid growth in agent intelligence. Overall, technological progress will drive the rise of this emerging economic model.

The article discusses the current state of Crypto, pointing out that its biggest problem is not "harvesting retail investors," but rather fundamental logical errors: a lack of understanding of distributed trust structures, loss of incremental markets, declining community trust, and the rush to financialize before technology maturity. Additionally, the shift in attention is identified as an important factor in Crypto's decline. Old OGs conclude that this narrative cycle has ended, and the future requires rebuilding trust.

The cryptocurrency options market is rapidly expanding, with Bitcoin options open interest expected to reach $65 billion in 2025, gradually replacing futures open interest. The decentralized options market remains in its infancy, with projects like DeriveXYZ showing strong performance. As the regulatory environment improves, institutional investor demand continues to grow, and on-chain options are expected to achieve greater breakthroughs in the future.

# Author: David Dobrovitsky
Compiled by: Luffy, Foresight News
Original Title: The Only Two Moats That Keep Startups Alive
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The vast majority of startup ideas are easily copied.
Founders rarely admit this publicly, but anyone who has spent enough time in product development will eventually discover: ideas spread instantly, code can be rewritten, features can be copied, and designs can be imitated.
The market doesn't reward ideas. The market rewards moats.
Setting aside all the noise in startup circles, there are actually only two paths for a startup to go the distance.
First, possess truly difficult-to-replicate technology. Second, tightly grip eternal human needs before competitors appear.
Almost all startups that survive long-term cannot escape these two forces. You need to figure out which path you're on.

Podcast: David Lin
Compiled & Edited by: Yuliya, PANews
Original Title: Economists Warn: Stock Market Bubble More Fragile Than Repeating the 50-Year-Old Oil Crisis
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The Strait of Hormuz is under threat, oil prices are surging, and the world is trembling, waiting for the "1979 Crisis" to repeat itself?
Don’t be fooled by appearances! In his latest podcast, Johns Hopkins University professor Steve Hanke poured cold water on the panic: the real crisis isn’t in oil prices, but in the Fed’s out-of-control money printing machine and the overvalued bubble in the US stock market. Additionally, this episode discusses the current bubble risks in the stock market, the impact of war, and the geopolitical and global repercussions of the Iran conflict.
PANews has compiled and organized the dialogue into text.
Repeating the 1979 Oil Crisis? The Actual Risk Is Lower
David: Are we currently

The article points out that artificial intelligence is a vital infrastructure in modern society, divided into five layers: energy, chips, infrastructure, models, and applications. The development of AI marks a shift from pre-recorded software to real-time intelligence. With advancements in related technologies, AI is driving economic and labor transformations. The widespread adoption of open models further accelerates demand across all layers, and the future of AI development is still in its early stages with enormous potential.

Cluely's CEO Roy Lee was questioned for inflating revenue but chose to respond with humorous videos to self-deprecate, successfully attracting attention. The article discusses the effectiveness of controversy as a growth strategy, emphasizing that in the internet age, capturing user attention is more important than simply clearing one's name.

TRON officially becomes a Gold Member of the Agentic AI Council, taking an important step forward in the AI field. Founder Justin Sun emphasized that he will promote the integration of AI and blockchain to address the needs of machine-to-machine trading that traditional financial systems cannot meet. With its strong payment capabilities and stablecoin advantages, TRON is expected to reshape digital financial infrastructure and support the future AI economy.