整体上我认为目前链上的流动性并不好，但是大机会还是会出现在链上。跟 @lanaaielsa 交流了一下，他有个观点我很认同，那就是目前 base 的热钱明显比其他地方多这一点我觉得除了这两天 AI 龙虾火热之外，可能还和 base 发币的预期有一点原因，这次他们终于开始进行资产炒作，并且还让散户赚到钱，所以链上和相关生态机会个人认为是值得更多关注的而且最近几个大的财富效应机会几乎都来自西方 CT，共同点除了 base 之外，还有 @pmarca 的关注。所以不仅包括 meme，Coinbase 和 a16z 参投 / @jessepollak 和 @pmarca 支持的项目也值得一看未发币项目中，仍比较有切入角度的几个AI 相关 @SurfAI ，还有预测市场不用说了Robotics @openmind_agiTerminal 赛道 @o1_exchange ...

Core Viewpoint - Coinbase is undergoing its largest transformation to reposition itself as a mainstream trading and financial platform, expanding beyond cryptocurrency into broader retail investment areas [1] Group 1: New Product Launches - Coinbase announced the launch of significant new products aimed at creating a "one-stop financial app," expanding its offerings to include stocks, advanced trading tools, and prediction markets [1] - The company is also increasing its investment in its on-chain ecosystem and providing new tools for enterprises, developers, and automated finance [1] - The CEO, Brian Armstrong, aims to make the platform a place where users can trade "everything," including stocks and tokenized traditional assets [1][4] Group 2: Competitive Landscape - The prediction market space is becoming crowded, with competitors like DraftKings acquiring their own exchanges and FanDuel collaborating with CME [2] - Armstrong highlighted the appeal of prediction markets not just for trading but for insights into public sentiment and future developments [2] Group 3: Tokenization Strategy - Coinbase is launching Coinbase Tokenize, a technology stack aimed at supporting the tokenization of real-world assets (RWA) [3] - The ultimate goal is to democratize access to tokenized stocks and unlock new market structures, including more robust futures markets linked to stocks [4] Group 4: Broader Financial System Integration - Armstrong emphasized that cryptocurrency is not a niche category but part of an upgrade cycle for the financial system, suggesting that all major asset classes will eventually transition to on-chain [6] - Coinbase is positioning itself as a central platform in this transformation, with signals from major asset management firms indicating a desire to move funds on-chain [6] Group 5: Retention and Diversification Strategy - The overarching strategy for Coinbase is to retain its large crypto-native audience while diversifying across asset classes, even as cryptocurrency trading volumes cool and trading revenues compress [7]