不重复发了。市场很无聊，但并不是没事可做。我想没有多少人看过这篇文档：https://t.co/cFINutcfuY如果说 DeFi 的入门是 amm 公式，那套利的入门就是永续合约了。产品经理经常自问：如果我是用户，我会怎么做。而 Crypto 交易员经常自问的是：如果我是项目方/攻击者，我会怎么做。而且这些内容都不用上推、关注谁，你自己和 AI 就能聊明白。“懂的越多，亏的越多” 是用来开玩笑自嘲的，不是说真的... ...

GMXSOL 宣布上线 RWA 市场，现已支持 SPY、QQQ、AAPL、NVDA、TSLA、AMZN、GOOGL、 MSFT、META、MSTR 等美股及 ETF 永续合约交易。该协议基于 Solana 构建，采用 Chainlink 预言 机，并由 Chaos Labs 优化风险参数。 来源：市场资讯 （来源：吴说） ...

目前整个永续合约赛道神仙打架，谁能成为行业龙二？1、aster币安亲儿子，https://t.co/VM6sCbph8m2、lighter目前交易量跟流动性最好，投资机构A16z，https://t.co/ZZNordTnaT3、ethereal ena亲儿子 https://t.co/2NfAP8cfvY4、amber亲儿子，目前用户体验最棒https://t.co/C9mujWBrBD ...

Summary of Key Points from the Conference Call on Stablecoins and RWA Industry Overview - The discussion revolves around the **stablecoin** industry, highlighting its applications in **cross-border trade** and **smart payment solutions** such as invoice tokenization and Project DSFT, which have received fintech innovation awards and funding, showcasing commercial potential [1][2] - The global trend towards stablecoin policy is one of increasing attention and support, with central banks and regulatory bodies accelerating the formulation of relevant policies to ensure safe and compliant development, although regulatory intensity varies across countries [1][3] Core Insights and Arguments - Future trends for stablecoins include expansion in cross-border trade and smart payment sectors, growth in commercial applications, and increased attention and investment from traditional financial institutions, indicating a positive outlook [1][5] - The digital asset market has recently shown strong performance, with Bitcoin and Ethereum prices surging, suggesting that major economies are entering the stablecoin economic competition, driven by expectations of relaxed monetary policy from the Federal Reserve [1][10] - The market faces challenges from geopolitical tensions, policy changes, monetary policy uncertainties, internal market risks, and potential bubble cycles, necessitating vigilance against various risks [1][12] Regulatory Landscape - Key regulations impacting the digital asset space include the **Stablecoin Act**, **Clarity Act**, **Anti-CBDC Act**, and **Fit 21 Act**, which could significantly influence the global digital asset landscape and economy [1][6] - Different countries exhibit varying regulatory attitudes, with Hong Kong actively following U.S. legislation, while Singapore is tightening regulations, leading to operational challenges for stablecoin payment companies [1][7] Misconceptions and Risks - There are misconceptions within the Chinese community regarding the potential and risks of stablecoin economic models, which could lead to new risks if not addressed [1][4] - The digital asset market is expected to experience a new bull market, with stablecoins playing a central role, but significant risks and misunderstandings could lead to a potential crash [1][11] Market Dynamics - The primary battleground for stablecoins is in the offshore dollar stablecoin system, with major users of USDT and USDC located outside the U.S., particularly in regions like Africa, Asia, and Latin America [1][17] - The issuance of stablecoins is seen as straightforward, but operational security and management are complex due to the prevalence of malicious actors in the blockchain ecosystem [1][18] Future Opportunities and Challenges - The stablecoin market is expected to see hundreds or even thousands of different types of stablecoins, with major companies and celebrities likely to issue their own for brand promotion and low-cost financing [1][26] - Hong Kong is positioned as a significant player in the global stablecoin market, with initiatives to support Chinese entrepreneurs in the stablecoin economy [1][28] Conclusion - The future scale of the stablecoin market is closely tied to China's stablecoin strategy, with significant challenges in competing against the dominance of the U.S. dollar, which currently holds 97% to 99% of the market share [1][30] - Users in global payment systems tend to prefer dollar stablecoins, indicating a need for strategies to encourage the use of Hong Kong or Renminbi offshore stablecoins [1][31][32]