PANews

The "Cybercrime Prevention and Control Law (Draft for Public Consultation)" released by the Ministry of Public Security aims to strengthen regulation of virtual currencies, especially OTC fund flows, technological development, and public chain operations. Legal responsibilities are expanded, requiring OTC merchants to conduct high-standard KYC verification, and public chains face compliance challenges. This marks a shift in regulation from financial risk prevention to criminal enforcement, making compliance a necessity for survival.

Author: Virtuals Protocol
Translation: Deep潮 TechFlow
Early founders are often forced to invest significant personal and reputational capital before validating market demand. Traditional accelerators, venture capital, and token issuance typically require early commitments, with limited feedback loops.
The 60-day plan introduces an experimental-based approach
Founders publicly build for 60 days, during which real users discover the product, and capital is accumulated through transaction fees and optional growth allocations (Growth Allocation).
At the end of the window, founders decide whether to commit. If they commit, the tokens continue to exist, and the raised funds are unlocked over time for further growth and development. If they do not commit, the tokens are liquidated, and all raised funds are returned to token holders.
The 60 Days framework is built on five core principles:
1.

The article discusses the "good coin" dilemma in the crypto space, emphasizing the low value of most tokens and the lack of rigorous distribution methods. Through MegaETH's KPI program and Cap's stablecoin airdrop, the author demonstrates how locking token supply and selecting investors can improve token economics. These new strategies aim to filter for committed holders and hope to drive market recognition of high-value tokens, with the potential to solve the "good coin" problem in the future.

The article depicts the prosperity and decline of Huanghe Road in Shanghai during the 1990s, using the rise and fall of Zhizhen Garden as a metaphor for the current difficulties faced by Binance. The author explores the利益争夺, political factors, and the future of the industry, hoping to provoke reflection on the current state and future direction of the industry. Ultimately, it emphasizes that in the winter of the industry, faith and unity are especially important.

Vibe Coding has fundamentally changed the way programming is done, enabling more people to create software using AI. However, this phenomenon poses risks to the open-source ecosystem, as users gradually lose direct interaction with maintainers, leading to reduced income for developers, which in turn affects the quality and quantity of software. The paper calls for restructuring the profit distribution mechanism to return a portion of the benefits from using AI in open-source projects to maintainers, in order to sustain the healthy development of the open-source ecosystem.

The article discusses the profound impact of the integration of AI and Web3 on human existence, suggesting that the rise of silicon-based civilizations could pose new challenges to the meaning of survival and resource competition for carbon-based life forms. The author proposes mechanisms such as SBT and algorithmic taxation in an attempt to secure a place for humanity within silicon-based civilizations. Ultimately, the article calls for building a harmonious coexistence between humans and AI through blockchain technology to address future challenges.

Author: @lufeieth
Preface
This is just an attempt at a thought experiment for reference only. Welcome to exchange ideas and perspectives. This is not investment advice; please bear your own risks and rewards.
Valuing Circle (CRCL) is not easy, especially using the discounted cash flow (DCF) model. Small changes in key parameters can lead to significant differences. We can only try to find some approximate correctness under a relatively conservative approach.

Author: Mandy, Azuma, Odaily Planet Daily
This weekend, under internal and external pressures, the crypto market was once again bloodied. BTC is currently hesitating around the Strategy holding cost basis of $76,000, while altcoins are so volatile that just a glance at their prices makes traders want to gouge their eyes out.
Behind this current downturn, after chatting with projects, funds, and exchanges recently, a question kept recurring in my mind: What exactly is the crypto market trading a year from now?
And the more fundamental question behind this is: if the primary market no longer produces the "future of the secondary," then what is the secondary market trading a year from now? What changes will occur in exchanges?
Although the idea that altcoins are dead has long been a cliché, the past year has not been short of projects. Every day, projects are still lining up for TGE. As media, it’s quite straightforward—we continue to frequently coordinate with project teams for market promotion.
(Note: In this context

Bitcoin faces a survival threat from quantum computing, as the traditional ECDSA algorithm could be cracked, exposing millions of bitcoins to risk. Transitioning to post-quantum encryption (PQC) is imminent, and delays could lead to huge losses and a trust crisis. The industry must act immediately to ensure security.

Author: Bao Yu
This is another 40-minute interview with ClawdBot/OpenClaw author Peter Steinberger, hosted by Peter Yang.
Peter is the founder of PSPDFKit with nearly 20 years of iOS development experience. After the company received a strategic investment of 100 million euros from Insight Partners in 2021, he chose to "retire." Now, he has developed Clawdbot (which has now been renamed).

Written by: Sam Kessler, Rebecca Ballhaus, Eliot Brown, Angus Berwick, The Wall Street Journal
Translated by: Luffy, Foresight News
According to company documents and informed sources, four days before Donald Trump’s inauguration as President last year, an aide to a royal family member in Abu Dhabi secretly signed an agreement with the Trump family to acquire a 49% stake in their startup cryptocurrency company for $500 million. The buyer paid half of the amount upfront, with $187 million transferred directly into a Trump family entity account.
This transaction with World Liberty Financial had not been reported before, and it was prior to the President’s son Eric

The core coordination mechanism in modern society is debt relationships, and economic growth stems from expectations about the future. The US dollar is a tool of debt, while gold is an asset without a counterparty. Currently, through AI reshaping, productivity is constrained by physical limits, the nature of debt is being challenged, and the US dollar also faces risks of credit changes and relative decline.

Polymarket recently announced that it will start charging transaction fees from 2026, marking a shift from zero fees to a fee-based model, reflecting the platform's compliance and commercialization development. Despite regulatory challenges, its data and liquidity have already established an important position worldwide. Future growth will depend on how well it adapts to the legal environments of different regions.

Author: simonwillison
Compiled by: LlamaC
"Recommended Message: The article introduces Moltbook, a social network based on the open-source project OpenClaw (formerly Clawdbot/Moltbot). It allows digital assistants to communicate and share skills. The website offers a plugin system in the form of skills, enabling agents to automate various tasks such as remote control of smartphones, handling emails, and understanding voice messages. The article also discusses security issues within the OpenClaw ecosystem, as well as how to interact regularly with the social network through a heartbeat system, and mentions Anthropic's content filtering mechanism. Finally, the article emphasizes the importance and challenges of ensuring system security while implementing these powerful features."
Currently in the AI field

During Powell's tenure at the Federal Reserve, he faced numerous challenges, and Wash's appointment marked a redefinition of the Fed's role. Wash advocates for reflection and reform of past policies, but in a highly fragile economic environment, he will encounter political pressure and market volatility. Future policies will involve a complex balance between interest rates and fiscal discipline, and the costs of reform are difficult to bear. The overall situation reflects that the United States has entered a debt-driven era, urgently needing to seek short-term solutions within fundamentally unsolvable dilemmas.

Author: Wintermute Ventures
Translation: Bibi News
For decades, the internet has enabled information to flow freely across borders, platforms, and systems. However, the flow of "value" has always lagged behind. Money, assets, and financial contracts still rely on fragmented infrastructure, circulating through outdated tracks, national borders, and layers of intermediaries, each extracting costs.
And this gap is being filled at an unprecedented speed.
This creates opportunities for a class of infrastructure companies—those that directly replace traditional clearing, settlement, and custody functions.
Infrastructure that allows value to flow as freely as information is no longer just a theoretical concept; it is being actively built, deployed, and used at scale.
For years, while crypto assets existed on-chain, they were disconnected from the real economy. Now, this situation is changing.
Crypto is becoming an internet economy.