U.S. 4-Month Treasury Auction Bids-to-Cover Ratio as of July 23

Don't fear being outnumbered in crypto. Eagles don't wait for consensus. They front-run narratives.

Outlook for the crypto market in the second half of 2025: opportunities amidst range-bound monetary policy and global turmoil I. Summary In the first half of 2025, the global macro environment remains highly uncertain. The Federal Reserve has repeatedly paused interest rate cuts, reflecting that monetary policy has entered a wait-and-see range-bound stage. Increased tariffs and escalating geopolitical conflicts further impact the structure of global risk appetite. This report evaluates the opportunities and risks in the crypto market for the second half of the year from five macro dimensions, combining on-chain data and financial models, and proposes three core strategic recommendations covering Bitcoin, stablecoin ecosystems, and DeFi derivatives. II. Review of the Global Macroeconomic Environment ( First Half of 2025 ) In the first half of 2025, the global macroeconomic landscape continues to exhibit multiple characteristics of uncertainty. Weak growth, sticky inflation, unclear monetary policy outlook, and escalating geopolitical tensions have led to a significant contraction in global risk appetite. The dominant logic of macroeconomics and monetary policy has shifted from "inflation

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From debt to an annual income of tens of millions: A trader's transformation journey He was once an internet product manager, but resolutely plunged into the ever-changing world of Web3. He was heavily in debt and repeatedly got liquidated under the "200k curse." Nowadays, he can achieve millions of dollars in profit multiple times relying on a single cryptocurrency, with annual earnings exceeding 40 million. He topped the exchange's trading leaderboard three times, achieving an astonishing performance: 20000% return, a profit of 1.4 million USD for a single coin, and 1.8 million USD profit for followers. This is not just a simple story of wealth, but a true evolution history of traders filled with hardships, profound reflections, and continuous growth. 1. The Turning Point from Web2 to Web3 The beginning of every legend is often accompanied by unknown confusion and struggle. This trader's journey in Web3 started with dissatisfaction with the status quo and a desire for a side hustle. In 2020, he first encountered it due to work requirements.

Elon Musk is doing more for technology and innovation than most people realize