在"2025年币安区块链周前瞻"系列直播中，孙宇晨与币安全球媒体与内容负责人Jessica Walker展开了一 场直抵核心的对话。他清晰点明波场在稳定币基础设施中的关键角色："稳定币的根基，正在波场构 建。"这一判断源于波场旗下SunX交易所的亮眼表现——总交易量已突破95亿美元。这一数据并非抽象 数字，而是市场对波场技术实力与生态信任的具象化表达，彰显了其在区块链金融领域的扎实影响力。 孙宇晨的分享更超越了商业维度。他提及此前参与蓝色起源太空飞行的经历，语气平和却充满力 量："金融与太空探索，机会都应属于每个人。"这句话，与波场推动互联网去中心化的使命自然交融。 它不单是个人故事，更是波场理念的生动注脚——技术不应成为少数人的特权，而应成为普惠的基础设 施。这种人文温度，让行业领袖的形象更加立体。 迪拜的可口可乐的体育馆内，灯光如星河倾泻，人声鼎沸。币安区块链周在中东的璀璨夜色中拉开帷 幕，全球区块链领域的先锋们汇聚一堂，共同描绘Web3时代的轮廓。作为活动金牌赞助商，波场 TRON携创始人孙宇晨强势登场，成为全场焦点。他穿梭于人群之间，与行业同仁展开深度对话，传递 波场的创新脉动。 活动现场，波场TRO ...

近日，区块链行业重要活动——币安区块链周在迪拜可口可乐的体育馆盛大举行。活动现场，包括孙宇 晨在内的全球区块链行业领袖、建设者与创新者们齐聚一堂，各抒己见，共同探讨Web3未来发展趋 势。波场TRON作为活动金牌赞助商亮相现场，其创始人孙宇晨也在活动中频频现身，深度参与行业对 话。 同时，孙宇晨创立的波场TRON的社区发言人Sam Elfarra还参与了题为"稳定之源：稳定币经济的内在逻 辑"的专题讨论，与Braza Bank创始人Marcelo Sacomori、Banking Circle Web3负责人Daniel Lee等嘉宾共 同探讨稳定币赛道的发展前景。Elfarra强调，凭借高速、可扩展且低成本的优势，孙宇晨创立的波场 TRON已成为稳定币结算的首选网络，这一观点得到了与会嘉宾的广泛认同。 通过积极参与此次币安区块链周活动，孙宇晨和他创立的波场TRON充分展示了其在区块链技术创新与 稳定币应用推广中的引领者地位。随着全球数字金融的高速发展，孙宇晨和他创立的波场TRON将持续 引领行业发展，为全球数十亿用户打造可信赖的下一代基础设施，推动Web3时代加速到来。 在主会场，孙宇晨创立的波场TRON专 ...

传统融资路径中，企业需经历多轮股权融资、合规整改、排队IPO等漫长周期，往往错失最佳发展窗口。AIX通过区块链技术与资本逻辑的深度融合，实 现"入驻即具备上市公司资本属性"的突破性设计——企业在入驻平台的第一天起，即可依托区块链底层架构完成股权数字化、资本账户搭建，直接对接全球 投资者资源，跳过传统IPO的"预备期"。 一、资本属性前置：打破传统融资"时间差"，入驻即享上市级资本能力 在全球经济转型与产业升级的浪潮中，无数优秀厂家正面临传统融资模式的桎梏：IPO流程冗长、合规成本高企、资本与市场需求脱节……这些痛点不仅制 约企业扩张，更让创新潜力难以释放。在此背景下，AIX全球企业融资孵化平台（以下简称"AIX"）以"企业孵化器+上市直通车+全球资本市场新引擎"的定 位，通过三大核心支持体系，为优秀厂家提供从初创到腾飞的全周期赋能，重新定义Web3时代的企业成长逻辑。 在Web3与全球资本融合的过程中，合规性与技术可靠性是企业的核心顾虑。AIX依托强大的发起方背景与全球合规布局，为企业提供"全监管框架下的安全 发展环境"。平台由Inception Program、OpenAI Inc、M12（微软创投基金）联 ...

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 走出美元时代后，似乎也没有人愿意再用这样一个成本来培养人。 对话丨张楠 刘燕秋 编辑丨蒲凡 来源丨投中网 在中国风险投资的行业史上，"美元"是一个绕不过去的符号。 吸引我进入风险投资的，是互联网 刘燕秋：我们编辑部也特别喜欢朱老师，尤其是楠哥，他前段时间刚写了篇文章叫《朱总瘦了》，今天 看朱总确实状态不一样。 首先，它是起点。风险投资萌芽于硅谷，最初的故事是50年代"仙童八叛将"创办英特尔、AMD等公 司，吸引资本进入半导体产业，推动《小企业投资公司法》（SBIC）的成型，进而在60年代掀起以股 权投资为核心的限时风险投资基金成立潮。可以说，"风险投资"就是美元经济体系下的"产物"，与生俱 来带着美元经济体系所习惯的一切。 其次，它是教材。中国创业者们第一次接触到的风险投资，中国创投行业第一批市场化的风险投资机 构，几乎都来自于美元基金。比如张磊接触风险投资的一个重要契机，是他在耶鲁投资办公室实习期 间，帮助传奇投资人大卫·史文森完成了其著作《机构投资的创新之路》的中文版翻译。可以说，是"美 元基金"们帮助中国创投圈完成了启蒙、成长，是 ...

AIxC获颁Web3牌照，打造全球业务合规运营新标杆 AIxC落子阿联酋拉斯海马创新城，是在经历了核心技术研发和初步生态构建阶段后，推动全球合规基 础设施落地已成为其下一阶段发展的必然选择。 当前Web行业正面临一个关键转折点：随着传统金融机构和大型科技公司加速入场，合规化运营能力已 成为项目能否获得长期发展的分水岭。AIxC选择此时在阿联酋建立合规实体，显示出公司已经从技术 验证阶段迈向了商业化、规模化发展的新阶段。 拉斯海马创新城是阿联酋最具创新活力的经济区之一，它以前瞻性的数字资产监管框架闻名，正迅速成 为全球区块链与Web3经济的核心枢纽。此次在阿联酋成立子公司，为AIxC在多个关键业务领域提供了 清晰的合规操作框架，将助力AIxC加速打造并成为AI+Web3全球业务合规运营的新标杆。 12月29日，贾跃亭的第二家美股上市公司AIxCrypto Inc.（纳斯达克代码：AIXC，简称AIxC）迎来好消 息：公司宣布已在阿联酋最具创新活力的拉斯海马创新城成立一家全资子公司，并已成功获得当地政府 颁发的Web3运营牌照，标志着AIxC在深化中东及全球市场布局的战略迈出坚实一步，成为公司在全球 范围内构建合 ...

Core Viewpoint - The article discusses the evolution of venture capital in China, particularly the influence of dollar funds and the challenges faced in the current investment landscape as the industry transitions away from the dollar-centric model [3][4]. Group 1: Historical Context of Dollar Funds - Dollar funds have been pivotal in the development of China's venture capital industry, serving as both a starting point and a learning resource for local investors [3]. - The initial wave of venture capital in China was heavily influenced by successful dollar funds, which provided essential knowledge and experience to local entrepreneurs and investors [4]. Group 2: Challenges in the Current Investment Landscape - The current investment environment presents difficulties in nurturing new talent, as the high costs associated with training potential partners (estimated at $100 million) deter firms from investing in human capital [4][22]. - There is a growing concern about the lack of successors in the venture capital space, prompting a need to revisit and redefine investment strategies and philosophies [4]. Group 3: Investment Philosophy and Strategies - The investment philosophy emphasizes the importance of clear viewpoints over brand recognition, suggesting that a strong personal brand can lead to better investment opportunities [15][16]. - The article highlights the significance of understanding financial data and the risks associated with different investment cycles, particularly in the context of technology and hardware investments [17][21]. Group 4: Lessons from Past Investments - Historical investment experiences, such as the early decisions regarding companies like 拉手网 (Lashou) and 宁德时代 (CATL), illustrate the importance of timing and market readiness in investment success [23][25]. - The article reflects on the lessons learned from past failures, emphasizing the need for a balance between technological advancement and market maturity [27][28]. Group 5: Future Outlook and Investment Trends - The current trend in venture capital is to avoid highly concentrated investment areas, advocating for a strategy that diverges slightly from mainstream consensus to find better value opportunities [35]. - The discussion includes the potential for high-return investments in emerging technologies, stressing the importance of understanding customer needs and pricing strategies [36].

2025年的 Web3 生态正经历从"概念验证"到"价值落地"的关键转折。当链游泡沫逐渐退去，X to Earn（行为即挖矿）与 RWA（真实世界资产代币化）两大范 式，正以更务实的姿态重构数字经济底层逻辑。这场变革不仅关乎技术突破，更是一场关于价值分配规则的革命——它让普通用户从"数据提供者"转变 为"价值创造者"，让传统资产从"沉睡状态"进化为"流动资本"。 一、X to Earn：从流量游戏到价值共生 1. 模式进化：从"庞氏陷阱"到可持续生态 早期 Play to Earn（P2E）链游的崩盘，暴露了单一经济模型的致命缺陷：当新用户增长停滞，代币价值必然崩塌。而新一代 X to Earn 项目通过三大创新突 破困局： 2. 场景渗透：从娱乐到生产力的全面覆盖 X to Earn 的边界正在不断扩展： 2. 合规挑战：在监管红线上跳舞 多维度价值锚定：Future Star 平台将短视频创作、运动健身、元宇宙社交等行为与 NFT 挖矿深度绑定，用户通过持有 Star NFT 参与不同场景的"价值 生产"，形成"创作-消费-再投资"的闭环。例如，用户上传短视频可获得算力加成，运动数据可提升 NFT 等级， ...

Investment Rating - The report suggests a cautious outlook for the cryptocurrency market in Q1 2026, indicating a neutral to bearish sentiment due to expected market conditions and macroeconomic factors [4]. Core Insights - The cryptocurrency market experienced significant options expiration, with a total value of approximately $28.5 billion for BTC and ETH options expiring on December 26, 2025, which is double the value from the previous year [10][11]. - The total market capitalization of cryptocurrencies reached $2.93 trillion, reflecting a week-over-week increase of 1.7%. However, Bitcoin and Ethereum prices saw slight declines of 0.9% and 1.8%, respectively [10][11]. - The cryptocurrency fear and greed index remains at 28, indicating a state of fear in the market, with trading volumes continuing to decline for five consecutive weeks [11][17]. - The report highlights a potential "tax loss harvesting window" as Bitcoin has underperformed compared to the S&P 500, which may incentivize investors to sell losing positions [24]. Summary by Sections Market Review - The cryptocurrency market capitalization is $2.93 trillion, with Bitcoin closing at $87,301 and Ethereum at $2,926. The market is experiencing a significant options expiration event, which historically leads to accelerated market movements [10][11]. - The average holding price for Bitcoin is approximately $56,206, indicating that current prices are below the short-term investors' cost basis [11] - Trading volumes have decreased significantly, with a reported 11.8% drop in global cryptocurrency transaction volumes and a 29.4% decline in Coinbase's spot trading volume [17][18]. Global Policy and Industry News - The People's Bank of China has released new rules for the cross-border payment system, including digital currency research as a focus area [2]. - Russia is increasing support for the cryptocurrency market, allowing retail investors to participate in crypto trading and recognizing the stability of Bitcoin mining on the ruble exchange rate [2][23]. - Japan is planning to promote the digital securitization of local government bonds, while South Korea's BC Card has completed a pilot for cryptocurrency payments [24]. Company News - MSCI has proposed to exclude companies with over 50% of their assets in digital assets from its global investable market index, potentially forcing 39 companies to sell $10 to $15 billion in crypto assets [26][27]. - Tether is set to launch USAT, a stablecoin compliant with U.S. regulations, while Kraken plans to introduce a prediction market by 2026 [26][28]. - Coinbase has announced the acquisition of The Clearing Company, a startup focused on prediction markets, to enhance its trading platform [29]. Investment Recommendations - The report advises caution in the cryptocurrency market for Q1 2026, suggesting a focus on companies transitioning to AI data centers and those with significant power reserves [4][30]. - Companies with potential partnerships with Google in the crypto mining sector, such as Hut 8 and Cipher Mining, are highlighted as potential investment opportunities [30].

Billionaire venture capital investor Tim Draper is also a noted Bitcoin (BTC) advocate. In fact, he was among the first billionaires to buy Bitcoin. He spent $19 million to buy 30,000 BTC when the U.S. Marshals Service auctioned the cryptocurrency seized from Silk Road in 2014. Draper is also well-known for his investments in popular crypto companies like Coinbase (Nasdaq: COIN) and Robinhood Markets (Nasdaq: HOOD) and other tech giants like Tesla (Nasdaq: TSLA). Related: Billionaire Tim Draper predicts ...

迪拜的夜色被区块链的光芒点亮。12月3日，可口可乐的体育馆内，孙宇晨与波场TRON团队正与全球 区块链从业者面对面。没有冗长的开场白，只有真实的数据在流动。 波场TRON的生态正在用细节说话。150万注册开发者来自200多个国家，其中不少来自谷歌、亚马逊的 工程师；链上DApp总数突破8500个，30多个日活超10万的应用在支付、游戏、社交领域跑得飞起。这 些不是装饰，是金融基础设施在悄悄升级。 波场TRON的路径很清晰：技术解决效率问题，生态解决应用场景，合规解决信任问题。TRC20-USDT 的790亿流通量不是终点，而是起点——当它在跨境贸易中实现可信流转，当它在供应链金融中成为结 算工具，区块链才真正融入金融日常。 孙宇晨的发言没有宏大叙事。他提到波场TRON的DPoS共识机制让交易速度达2000+TPS，手续费压到 0.001美元，这些数字背后，是用户每天在APP里完成转账的流畅体验。当别人还在争论"Web3是什 么"，波场TRON的开发者正在用代码写答案。 孙宇晨在币安广场直播中直接切入重点：波场TRON的SunX交易所总交易量突破95亿美元，11月21日单 日达6.4亿美元。这不是数字游戏，而是 ...