PANews

Digital collectibles, everyone is probably no stranger to them. Before 2021, domestic players called them NFTs; after 2021, domestic players called them digital collectibles.
Rewinding to March 2021, Beeple's digital artwork sold for $69 million at Christie's auction house, allowing the global market to see the true value of NFTs for the first time and making this narrative a new focus beyond crypto assets.
This wave quickly spread to China. Starting in the second half of 2021, major domestic companies began to test the waters one after another: Tencent's "Huanhe" launched in August 2021, digital collectible business under the AntChain ecosystem had already begun to promote and gradually form the "Jingtan" brand in 2021, and JD.com's "Lingxi" was launched at the end of 2021. Subsequently, in the first half of 2022, a large number of small and medium platforms flooded in, further accelerating industry expansion. According to industry data, by June 2022, China had

Original Author: Shao Jiadian Lawyer
Introduction
In recent years, during the compliance discussions surrounding crypto payments and stablecoin projects, the Australian DCE (Digital Currency Exchange) has often been viewed as a relatively "friendly" entry point: no financial license is required, as long as registration is completed with AUSTRAC and an anti-money laundering system is established, enabling the operation of cryptocurrency and fiat currency exchange services.
However, if we continue to apply this understanding from the perspective of 2026, the judgment may often be biased. This is because what is happening in Australian regulation is not an adjustment to a single "license," but a reconstruction of the overall regulatory logic for virtual asset services.
The real questions that need to be answered have shifted from "Is DCE easy to do?" to: under the new regulatory structure, what is the position of DCE? What problems can it still solve, and what problems are it clearly unable to solve?

Author: Viee, Amelia | Biteye Content Team
On January 29, 2026, gold experienced its largest single-day drop of 3%, marking the biggest decline in recent times. Just a few days earlier, gold had broken through $5,600 per ounce to hit a new high, and silver also followed the upward trend. The year 2026 has just begun and has already far exceeded JPMorgan's mid-December expectations.
Data source: JPMorgan
In contrast, Bitcoin remains within a weak correction zone, showing continued divergence from the market performance of traditional precious metals. Despite being called "digital gold," Bitcoin still seems unstable. During periods of inflation, war, and other traditional factors that favor gold and silver, it instead behaves more like a risk asset, fluctuating with risk appetite. Why is this the case?
If we cannot understand Bitcoin's actual role within the current market structure, we cannot make reasonable asset allocation decisions.
Therefore, this article attempts to analyze from multiple angles.

Hyperliquid enters a new phase in 2026, focusing on whether sustainable value can be achieved. Its profit structure shifts from traffic-driven to cash flow-driven, generating stable income through transaction fees, and enhancing value through buyback mechanisms and locked tokens. The team unlock process is smoothly released to reduce market pressure, and market share depends not only on trading volume but also on open interest contracts. Despite its advantages, caution is needed regarding risks caused by declining trading activity. Overall, Hyperliquid aims to build a business model with cash flow and returns.

I wrote my first line of smart contract code during the ICO frenzy of 2017. As a seasoned builder who has lived through 2026, experienced “94”, DeFi Summer, NFT craze, FTX collapse, and countless “cryptocurrency is dead” debates, I have seen countless project founders “kill themselves” in a thousand ways. I found that in this long Crypto journey, the definition of “winning” has never been about how many billions your FDV hit on TGE day or whether you achieved a grand slam. It’s about whether you are still fighting against the entire world for your sovereignty consciousness. Every team with a slight technical background or some resources can at least issue a coin once. Even if the code is forked, or the white paper is written by GPT, as long as it’s launched during the bull market, or relies on someone’s support, or you have the surname Trump, anyone can become a fleeting “unicorn”.

Summary: A Fish CoolFish
Source: Hoover Institution
Note: The original video was recorded in May 2025
Host: Welcome to "Extraordinary Insights." I am Peter Robinson. Kevin Wash was born in northern New York, graduated from Stanford University, and later earned a law degree from Harvard University. Mr. Wash's early career included positions on Wall Street and in Washington. In 2006, President George W. Bush appointed him to the Federal Reserve Board, where he served until 2011. Notably, Mr. Wash served as a Federal Reserve Governor during the 2008 financial crisis—which was arguably the most severe financial storm in over half a century. Today, Mr. Wash commutes between New York and Stanford: he works at an investment firm in New York and is a researcher at the Hoover Institution at Stanford University.
Kevin, welcome back.

As the crypto market attracts traditional financial liquidity, on-chain stocks and perpetual contracts are emerging as new trading tools. Tokenized stocks issued on the platform cater to traders who are not connected to the traditional financial system, driving concentrated trading volume. The on-chain technology stack is rapidly taking shape, and in the future, a global unified margin network will be formed. Time is of the essence; all parties need to seize the regulatory gap, quickly deploy strategies, and win the competition.

Author: Huobi Growth Academy
Summary
Stock contracts, as innovative products connecting traditional financial markets with the crypto derivatives system, are rapidly reshaping on-chain trading patterns. We will delve into the product essence, growth logic, technical architecture, and market ecology of this emerging sector, and systematically analyze the regulatory challenges and future prospects it faces. Research shows that perpetual stock contracts are not merely a simple conceptual innovation but are built on the foundation of over $160 trillion in global stock market capitalization, combined with the structural opportunities of mature perpetual contract trading paradigms. Currently, leading Perp DEXs represented by Hyperliquid, Aster, and Lighter have taken the lead in establishing a complete stock perpetual product matrix, forming a clear advantage in trading depth, user experience, and asset coverage. However, regulatory uncertainty remains the biggest constraint in this sector, and exploration of product compliance pathways is ongoing.

Against the backdrop of rising global risk aversion, gold prices continue to rise, stabilizing at $5000 per ounce, driven by geopolitical tensions and dollar depreciation. Meanwhile, Bitcoin faces capital outflows, and investor sentiment remains cautious. Experts believe that Bitcoin is unlikely to replace gold's safe-haven function, and the market will re-rank asset safety in the future.

Polymarket's trading volume soars, but 99% of traders are actually involved in very few markets. Hubble research shows that 3.7% of accounts dominate trading, and much of the volume comes from algorithms. Real traders tend to hold positions longer than algorithmic traders, so blindly following volume may fall into algorithmic traps. Based on these findings, the PolyHub tool was developed to help traders identify genuine market signals.

Shenzhen Gold Platform "Jie Wo Rui" collapsed due to high leverage betting mode, and tens of thousands of users were unable to withdraw funds, while Tether has continued to expand its assets through physical gold, becoming one of the world's gold holders, demonstrating different fates. The collapse of Jie Wo Rui and the growth of Tether reflect the different resilience of financial structures in volatile markets.

The article analyzes Bn's monopoly over discourse in the cryptocurrency industry, its internalization, and the lack of positive externalities. This has led to industry innovation being hindered, liquidity drying up, and a crisis of market trust. Although Bn once promoted industry development, the current situation shows a lack of industry responsibility when safeguarding its own interests. The article emphasizes that true industry leaders should have the ability to bring positive externalities to the industry; otherwise, they will face public opinion backlash and the collapse of industry trust.

The article explores the relationship between the game's economic system and player experience, using World of Warcraft and Roblox as examples, pointing out that the success of such games is that gold is not an endgame value and encourages creativity rather than repetitive labor. In contrast, Web3 games turn players into tools for capital and scripting due to repeatable behavior and free-withdrawal asset settings, ultimately leading to failure. Therefore, blockchain is not suitable for all types of gaming experiences.

The article analyzes the overbought risk of gold, indicating that its technical indicators show signs of extreme overbought conditions, especially in the context of historical similarities to the economic background of 1979. Although recent price increases may be driven by the US-Iran situation, investors should be cautious of potential pullback risks and are advised to stay alert and closely monitor the situation.

Recently, the "1inch team" wallet sold a large amount of 36.36 million 1INCH, sparking market speculation about whether the team was dumping. Although the team officially denied any involvement in the sale, market interpretations of the event have intensified the token's price volatility. The sale occurred during a period of low liquidity and may have been driven by a third-party holder, affecting retail investors. Despite the team stating that their core business remains unchanged, the 1INCH price continues to face pressure.

Author: Zen, PANews
After much back and forth, Trump's nominee for Federal Reserve Chair is expected to be officially announced in about a week. This dramatic "selection process" took a surprising turn as it reached the final stage.
"The Federal Reserve must lower interest rates to 3% to be closer to equilibrium," said BlackRock Chief Fixed Income Investment Officer Rick Rieder in an interview with CNBC on January 13. "Only then can we consider the current situation."
Rieder's remarks also officially signaled the start of a dark horse's charge.
On that day, his probability of winning in prediction markets like Polymarket doubled from 3% to 6%; after Trump praised him highly at the Davos Forum, Rieder's win probability soared to 60%. As of January 29, Rieder and former

Author: Changan I Biteye Content Team
In prediction markets, the essence of betting is not about truth, but about pricing deviations.
For professional traders, Polymarket is more like an alternative financial hunting ground composed of probabilities, odds, liquidity, and information gaps.
Some rely on intuition to place bets, some follow the crowd driven by emotions; while truly long-term profitable players extract risk-free or high-probability profits from these pricing imbalances through systematic strategies.
This article by Biteye systematically breaks down for you:
- The most mainstream and also the most real arbitrage logic in prediction markets
- Multiple real arbitrage cases to see how experts actually make money
- In a highly competitive environment, do ordinary players still have a chance
1. The Five Major Arbitrage Schools: From Mathematics to Manipulation, Which One Do You Belong To?
1️⃣ Platform-internal "Money-Grab" Arbitrage: When YES + NO <