LiquidatedAgain

Grayscale Investments has applied to list on the New York Stock Exchange under the ticker symbol "GRAY." This IPO is supported by top investment banks such as Morgan Stanley, with a strong underwriting team. The specific issuance details are yet to be determined. The market is highly attentive to this event, and it is expected to enhance the recognition of crypto assets in traditional financial markets.

The Supreme Court of South Korea has ruled that an exchange employee who accepted Bitcoin from North Korean hackers and assisted in persuading an officer to sell secrets was sentenced to 4 years in prison. The case reveals vulnerabilities in CEX risk management and warns that cryptocurrencies could be exploited illegally. The case emphasizes the importance of strengthening CEX's fund scrutiny and compliance standards.

Base Co-founder Jesse Pollak responds to community concerns about the Meme token market, emphasizing that there will be no price manipulation, advocating for transparent operations, and pointing out the dangers of market manipulation. He commits to focusing on discovering and exposing high-quality assets, seeking a balance between regulation and ecological prosperity.

Since the launch of the SKR token TGE on Solana Mobile, over 1.8 billion SKR tokens have been distributed to 72,000 wallets, with 40% locked for staking, demonstrating strong community engagement and ecosystem appeal. Staking has become a core driving force, encouraging users to become ecosystem builders. In the future, staking mechanisms and DApp integrations will be optimized to inspire more innovation.

Since February 5th, the crypto market has plummeted sharply, with Bitcoin dropping from $73,000 to $60,000. The fear and greed index hit a historic low of 9, and market sentiment is extremely pessimistic. Many altcoins have fallen, and the market capitalization has evaporated by $1 trillion, forcing investors to exit. The combination of macroeconomic and industry risks has intensified the crash, and the previous bear market cycle may repeat itself in this new context. Confirming the bottom requires time and a change in mindset, and buying opportunities should focus on changes in the VIX index and trading volume.

The current market is facing a fundamental turning point, primarily driven by massive capital expenditure on artificial intelligence and the inverse operation of the money multiplier. The era of capital excess has ended, and funds have become scarce, leading to the heaviest blow to speculative assets such as cryptocurrencies. As competition for capital intensifies, asset prices plummet significantly, and the market enters a phase of systemic liquidation, with cryptocurrencies becoming the primary casualties of liquidity tightening. Understanding changes in the money multiplier is key, as it reveals how capital is reallocated and how it impacts high-risk assets.

On February 2nd, the U.S. stock market experienced a rapid correction, with the Nasdaq Index and VIX Fear Index significantly declining, driven by multiple factors including political uncertainty, a sharp drop in commodity markets, and worsening economic fundamentals. Investors are increasingly concerned about the Federal Reserve's policy direction, coupled with a liquidity crisis in the commodity markets, which has affected global stock markets and shifted market sentiment to pessimism. The specter of stagflation from history has once again raised alarms, and investors are advised to review risks to prepare for potential volatility.

Current AI development is at a critical turning point. Large models have shifted from simple "pattern fitting" to "structured reasoning," and the core driver of this transformation is reinforcement learning technology. The emergence of DeepSeek-R1 marks the maturity of this shift—reinforcement learning is no longer just a fine-tuning tool but has become the main technical approach for system-level reasoning enhancement. Meanwhile, Web3 has reconstructed AI production relationships through decentralized computing networks and cryptographic incentive systems. The collision of these two forces has produced unexpected chemical reactions: the demand for distributed sampling, reward signals, and verifiable training in reinforcement learning aligns naturally with blockchain's decentralized collaboration, incentive distribution, and auditable execution.
This article will start from the technical principles of reinforcement learning, revealing its deep logical complementarity with Web3 structures, and will discuss Prime Intellect, Gensyn, Nous

The perpetual contract market is undergoing a "soul-searching" moment: who are the true winners? The answer to this question is far more complex than most traders imagine. Amid the cacophony on cryptocurrency social media, each platform's followers claim to support the "next big event," while critics are eager to curse their competitors—this irrational opposition is the first misconception we need to break.
In fact, the perpetual contract DEX market has never been a zero-sum game where "the winner takes all." Multiple platforms can achieve mutual prosperity through differentiated positioning. But the real divide isn't about which platform you choose; it's whether you formulate your trading strategies with "result optimization" as the core goal.
Market "Meme Generator": Why Most Latecomers Are Predestined to Fail
When the perpetual contract DEX boom rises, a inevitable phenomenon follows—dozens of teams rush in, launching low

When payments become code, when money becomes programmable, when AI has its own wallet—this is no longer science fiction. By 2026, we are standing at the critical point of the financial internet.
The moat of traditional finance is collapsing. Not because of a market crash, but because the rules of the game have changed. The new generation infrastructure represented by Circle and Arc is turning those tasks once only possible on Wall Street into APIs that any developer can call. What does this mean? It means the golden age of entrepreneurship has just begun.
According to industry observations, we are witnessing three major trends in fintech: one side is continuous speculation—predictive markets, exchanges, volatility optimization—still lively but also noisy; on the other side, a more serious, professional, and efficient scene is emerging—here, there is no casino noise, only the power of systems. Stablecoins have become the TCP/IP protocol of money.

In the development of Agentic Commerce, a key role is emerging—Facilitator. This seemingly technical concept actually signifies who will control the underlying infrastructure of the future machine economy. When billions of payment transactions are automatically completed by AI Agents in the background, what does the emergence of Facilitator mean? It signifies a shift in payments from a single track to a diversified ecosystem, and it also means that Web3-native settlement capabilities now have a competitive foundation on par with traditional financial systems.
Agentic Commerce refers to a full-process commercial system where AI agents autonomously handle service discovery, credibility assessment, order generation, payment authorization, and final settlement. In this system, Agents no longer rely on human step-by-step operations or information input but instead automatically collaborate, place orders, and make payments across platforms and systems.

On-chain detective ZachXBT has exposed a scam involving an account with the nickname yuna. The account impersonated the victim as a woman, claiming that Trust Wallet was hacked to deceive the community. Investigations show that the account frequently changes identities and promotes fake tokens, warning the crypto community to stay vigilant and verify the true identity of accounts.

In recent months, a news story about back taxes on overseas income has sparked widespread discussion in the financial community. Reports indicate that China's tax authorities have significantly extended the retrospective scope for personal overseas income tax collection, from around 3 years previously to 2017 or even earlier. This means that those who failed to report overseas investment income, foreign salaries, offshore account income, and other foreign assets from many years ago could now be subject to tax audits. For taxpayers holding overseas assets or with diverse income sources, this is undoubtedly a serious tax warning.
The State Taxation Administration subsequently issued an official response, clearly stating that they will continue to strengthen publicity and guidance on residents' overseas income taxation, with a focus on reminding taxpayers to self-report and verify their overseas income from 2022 to 2024. While this statement may sound like a "gentle reminder," it reflects the firm resolve of the tax authorities in responding to the wave of overseas investments.
Recent tense developments:境

PayPal recently announced that users holding a Debit Mastercard will be offered free joint state and federal tax filing services for the year 2025. This policy aims to facilitate users in fulfilling their tax obligations, especially when it comes to cryptocurrency transactions, where users will receive the IRS-mandated 1099-DA form. Therefore, users should keep the relevant documents safe and complete their filings before the tax deadline.

What is Web3? The answer to this question involves a rethinking of the entire internet architecture and power dynamics. In simple terms, Web3 represents a new internet experience based on decentralized technologies, returning power from centralized platform companies back to users and participants. This is not just a technological upgrade but a fundamental shift around value creation, ownership, and control.
The Necessity of Web3 in the History of the Internet
To understand what Web3 is, we need to look back at the path the internet has taken. Every major transformation of the internet has reflected a new understanding of information, power, and value.
Web 1.0: One-Way Flow of Information
In the early days of the internet (around 1990), it was called the Web 1.0 era. During this period, the internet was a "read-only network"—users were mainly recipients and observers of information. Companies created static websites, and the content was primarily static.

Investors have filed a lawsuit against Cere Network, accusing its founders and other insiders of false advertising and massive sell-offs after the token launch, leading to a 99% crash in the CERE token price. The case highlights the lack of regulation in token lock-up mechanisms within crypto projects, and investors need to stay vigilant to protect their interests.

The article discusses the logical shift in Token Generation Events (TGE) in the crypto market, emphasizing that investors need to shift from blindly chasing valuations to value discovery. 2026 may become a year of intensive TGE issuance, as regulatory certainty brings new investment opportunities. The key to project success lies in the product, genuine users, and sustainable strategies, which require investors to delve into the actual value of projects rather than superficial narratives. In the future, only projects with validated products and real demand will survive in the market and generate returns.