I raised my HYPE limit sell orders from $50 to $60+ last month because I was so bulled up when Jeremy Allaire was on the show.They never got hit.Taxes are due this week. Pain.Oh well, I think the last few days have been incredibly bullish for Hyperliquid as the premier perps platform in all of DeFi.Truly believe this event is also a catalyst for a bigger shift in trading activity from CeFi to DeFi.The flippening is coming. DeFi will win. ...

Every cycle, leverage creeps into the system.In the last cycle, the leverage was hidden from view in FTX/CeFi.Naturally, we looked for hidden leverage this time as well, with Ethena and DATs as primary targets.Yet, the leverage was sitting plainly in front of our eyes. Few cared.And unlike FTX/CeFi collapse last time, this flush is open and the risk of REKT entities with system risk is lower, too.Still hard to say 100% as rumors of Binance solvency (although very unlikely) need to be left behind.Feeling cau ...

Market Trends - DeFi (Decentralized Finance) is outperforming CeFi (Centralized Finance) [1] - Titan_Exchange is surpassing Coinbase [1] - The industry anticipates Titan_Exchange will eventually surpass Nasdaq [1]

Innovation & Regulation - AI辅助人类将优于纯AI [1] - 过度监管扼杀创新 [1] CeFi & DeFi - Bitget 致力于连接 TradFi（传统金融）、CeFi（中心化金融）和 DeFi（去中心化金融）[1] - Bitget 正在构建一个适用于所有资产的通用交易所 [1]

Industry Trends - Animoca Brands 预测加密货币巨头将演变为通用交易所，CeFi 与 DeFi 在此融合[1] - Bitget 在 TOKEN2049 大会上公布了 Bitget 的 UEX 愿景[1]

Core Insights - In September 2025, the number of publicly disclosed crypto VC investment projects decreased by 25.3% month-over-month and 37.4% year-over-year, totaling 62 projects [1][3] - Total funding in September 2025 reached $5.122 billion, marking a 5.2% increase from August 2025 and a staggering 739.7% increase from September 2024 [3] Investment Breakdown - The distribution of projects by category in September 2025 is as follows: CeFi 21%, DeFi 25.8%, NFT/GameFi 4.8%, L1/L2 12.9%, RWA/DePIN 6.5%, Tool/Wallet 11.3%, AI 12.9% [3] - The top 10 funding rounds included significant amounts such as $1.65 billion for Forward Industries in a post-IPO round and $787 million for Figure in its IPO [3][4] Notable Company Activities - Forward Industries completed a $1.65 billion PIPE financing to initiate a digital asset treasury strategy based on Solana, led by Galaxy Digital, Jump Crypto, and Multicoin Capital [4] - Figure Technology went public on NASDAQ under the ticker FIGR, raising $787 million with an initial share price of $25, resulting in a market cap exceeding $5 billion on its first day [4] - Helius Medical Technologies announced over $500 million in PIPE financing, with a share price of $6.881, aimed at launching a SOL treasury strategy [5] - Flying Tulip, a new project by Sonic co-founder Andre Cronje, raised $200 million in seed funding, with plans for further fundraising through public sales [6] - Fnality secured $136 million in Series C funding to expand its central bank digital currency settlement system, awaiting approval from the Federal Reserve and the European Central Bank [6] - Tron Inc. received a $110 million investment from its largest shareholder to expand its TRX treasury [7] - Zerohash completed a $104 million funding round, focusing on blockchain technology support for banks and fintech companies [7] - Bit Digital plans to raise $100 million through convertible notes primarily to increase its Ethereum holdings [8]

Core Insights - The crypto VC fundraising sector is experiencing significant consolidation, with fewer projects attracting larger amounts of capital [1][5] - Interest is shifting towards sectors like DeFi, AI, and blockchains, while RWAs, DePIN, NFTs, and GameFi are losing traction [1][6] Fundraising Trends - In Q2, institutional investment led to $10 billion in inflows, but the sector has since cooled, with token launches becoming more prominent than traditional VC routes [2] - In September 2025, the total number of VC fundraising rounds in crypto fell by 25.3% month-over-month and 37.4% year-over-year [3] - Despite the decline in the number of fundraising rounds, the total capital raised saw a 739.7% year-over-year increase, amounting to approximately $5.1 billion [4][5] Sector Performance - CeFi and DeFi accounted for nearly half of the total investment capital, with AI development and L1/L2 blockchains following closely behind [6] - The RWA market is underperforming, capturing only a 6.5% market share when combined with DePIN, indicating a lack of interest from major institutional investors [7]

I never "try to be equal", like, oh I will try to hire more women... If you try that, you are unequal.I hire the best people. Just turns out 50% are female.🤷‍♂️Ella Zhang (@ellazhang516):7yrs later we were in Seoul.Changed: @cz_binance CeFi -> DeFiUnchanged: still many female leaders@yunna025 @JaneSparking @ellazhang516 @0x_outsider @Athenaweb33 keep #buidling https://t.co/R531pDm1ll ...

Onchain isn’t the future — it’s the present.From CeFi → DeFi, stables → ETFs, charts → chains, we dropped pure alpha at Alphas Summit. Big love to the traders who made it an epic huddle.Long live the trenches 🫡 https://t.co/kIpPSL4Yze ...

DeFi & CeFi Convergence - DeFi 和 CeFi 之间的界限变得模糊，两者联系日益紧密 [1] - DEXs、CEXs 和 Web3 钱包在技术和用户体验方面不断进步，促使弥合两者差距的时机到来 [1] QuickSwap Event - QuickSwap 将于 UTC 时间 9 月 5 日下午 3:00 举办 The Aggregated spaces 的第 128 集活动 [1]