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X rolled out a million-dollar long-form article incentive program. Which pieces actually won the awards? This article breaks down the champion, runner-up, and official selection winners to uncover the algorithmic logic and content orientation driving X Articles: follower count is no longer the deciding factor, opinions aren't automatically monetized, and the real value lies in data, models, and reusable narrative frameworks. With paid users prioritized and long-form content trending back to the platform, this article offers creators and media a highly relevant model for content transformation.

This article offers an in-depth analysis of how Bitcoin mining operates in countries with heavily subsidized electricity and institutional breakdown, drawing on real-world cases from Iran and Libya. It demonstrates that when electricity becomes a hard currency capable of circumventing the financial system, mining transforms from a tech-driven industry into a structural depletion of public resources. By examining the intersection of distorted electricity pricing, sanctions, and power distribution, the article uncovers the potential social costs and political ramifications of crypto mining in environments marked by weak governance.

The article, written by Bankless co-founder David Hoffman, addresses the industry pain point that most tokens are worthless, offering a precise analysis of how team-driven spray-and-pray airdrops, mining, and funding in history have led to tokens not being regarded as equity-grade assets.

Predictions from six years ago are now unfolding one after another. Rereading "If Soros Wanted to Destroy Bitcoin"—covering mining leverage, derivatives structures, and the combined impact of regulation and public sentiment—offers fresh insight into Bitcoin’s systemic vulnerabilities and cyclical risks as a trillion-dollar asset.

The RIVER token saw gains of more than 2,700% in just a few weeks before rapidly crashing by almost 90%, raising widespread questions across the industry about possible price manipulation. This article leverages on-chain analysis and funding rate mechanisms to dissect how celebrity-driven hype, early token concentration, and derivatives market structures have jointly fueled these dramatic price swings. It also urges market participants to pay close attention to the systemic risks posed by tokens with low circulating supply.

Prediction markets are undergoing a fundamental transformation—blockchain technology enables permissionless, transparent, and trustworthy trading, while clarified CFTC regulation is driving institutional participation, and the market size of platforms like Polymarket, Kalshi, and others is rapidly expanding. This article provides an in-depth analysis of how prediction markets are evolving from gambling analogies to a core financial asset class, examining the development of their infrastructure, profit models, and user behavior to offer comprehensive insights into the future value of this emerging market at the intersection of crypto and traditional finance.

Glassnode's on-chain data and market structure analysis indicate that the recent underperformance of Bitcoin (BTC) and Ethereum (ETH) relative to most risk assets is not solely driven by macroeconomic factors. Rather, it is a structural outcome stemming from the late stage of a deleveraging cycle, combined with low trading activity and weak liquidity. From a longer-term cyclical perspective, however, both assets continue to hold enduring advantages.

Amid persistently sluggish market sentiment, this article reconsiders the prevailing narrative that "the fundamentals of the crypto industry have failed." It points out that the recent decline of Bitcoin and high-duration risk assets is more likely a result of phased liquidity contraction and macro-level capital reallocation, rather than a structural collapse of the industry itself. Furthermore, it offers a more comprehensive framework for market assessment from the perspectives of full-cycle analysis and policy expectations.

The SEC’s intended rollout of a crypto innovation exemption mechanism in January has been postponed under pressure from major Wall Street players. JPMorgan, Citadel, and others insist that the current federal securities law framework must remain in force, rejecting broad exemptions for tokenized securities. The latest guidance on tokenized securities marks a shift in regulatory emphasis—from technical structure to economic substance—which could influence the compliance strategies and innovation pace for RWA and DeFi.

This article leverages Hamilton Helmer’s “Seven Powers” framework to systematically deconstruct how competitive moats form in the crypto ecosystem. It reinterprets economies of scale under open blockchain conditions as the “Lindy Effect Economy,” and breaks down network effects into liquidity coordination and decentralized robustness. The analysis precisely highlights how reverse positioning becomes more pronounced on-chain, switching costs diminish, and risk accumulates due to dependence on smart contracts—demonstrating the unique evolutionary patterns in this environment.

Against the backdrop of the humanoid robotics craze, exemplified by Figure AI's valuation soaring from $500 million to $39 billion and Skild AI tripling its valuation in just seven months, this article offers an incisive analysis of how the RCM protocol is transforming the traditionally closed, high-barrier private equity market into a permissionless system of SubDAO tokens, tradable on DEXs.

This article explores how the New York Stock Exchange's proposals for non-stop trading and faster settlement mechanisms can break the temporal constraints of traditional markets. By enabling real-time transactions and on-chain cash settlement, these innovations aim to reduce idle capital and improve risk-handling efficiency. It further analyzes the profound impact of these changes on institutional capital allocation, clearing methods, and market volatility, revealing the structural transformation of traditional finance as it embraces blockchain principles.

Capital One has acquired Brex—a once high-profile, fast-growing corporate payments company—for $5.15 billion. This article examines the core dynamics behind what appears to be a "fire-sale" transaction, covering Brex’s fundraising history, growth trajectory, and the valuation pressures it faced. It also highlights Capital One’s advantages in low-cost deposits and the competitive edge of its bank-grade balance sheet, revealing how fintech innovation is integrated and reshaped within the established financial system.

This article opens with MSTR's "21/21 Plan," featuring a $2.13 billion BTC accumulation, alongside BMNR's staking of 4.18 million ETH with an annual yield of $590 million. It provides a systematic comparison of the two companies' strategies—MSTR's leverage-driven conviction in coin accumulation versus BMNR's staking productivity model. The discussion analyzes how these approaches may indicate a short-term market bottom under macroeconomic uncertainty, ETF capital outflows, and meme liquidity extraction, while also amplifying medium-term volatility and offering the potential for long-term financial paradigm shifts.

This article begins with ClawdBot's meteoric popularity, tracing Peter Steinberger's full arc: his 13-year B2B entrepreneurship with PSPDFKit, the sense of emptiness and burnout following his exit, and the renewed passion for creation sparked by the AI wave and his own genuine needs. Within just one hour, he assembled a prototype and, leveraging open source, made a second debut in the global developer community.