加密货币，即将进入超级行情？

Group 1 - The core viewpoint of the article suggests that the cryptocurrency market may enter a "super cycle," indicating that the traditional four-year Bitcoin cycle may no longer apply due to increased institutional participation and regulatory capital flow [1][3] - Binance founder Zhao Changpeng mentioned that discussions about national-level Bitcoin reserves could spread, potentially leading other countries to follow the U.S. if it engages in strategic reserve discussions [3] Group 2 - Real Finance, a real-world asset (RWA) tokenization network, announced it has raised $29 million in a private funding round to build its RWA infrastructure layer, with $25 million coming from Nimbus Capital [5] - The funds will be used to expand compliance and operational infrastructure, aiming to tokenize $500 million worth of RWAs, which represents about 2% of the current tokenized asset market [5] - The RWA market is currently dominated by U.S. Treasury products, private credit, and institutional alternative funds, with expectations of stronger growth in the coming year as the regulatory environment improves [5] Group 3 - French fintech company Lyzi has partnered with luxury car dealers to allow customers to pay for high-end vehicles using Bitcoin, Tezos, stablecoins, and over 80 other digital assets, with payments immediately converted to euros [6] - Pye Finance completed a $5 million seed funding round led by Variant and Coinbase Ventures, focusing on developing an on-chain marketplace based on Solana to enhance liquidity and yield management capabilities [6] Group 4 - Oracle faces skepticism regarding its AI bubble and debt risks, with its stock price having dropped 33% since reaching a historical high on September 10 [8] - Concerns have arisen over Oracle's high capital expenditures and the nature of some partnerships, leading to fears about its stretched balance sheet and negative free cash flow [8] - The cost of insurance against Oracle's debt default has surged to the highest level since March 2009, indicating significant investor uncertainty [8]