News linked to both this project and an event.
10x Research released a report stating that the market generally believes Bitcoin's core value lies in hedging against currency debasement, but this is not its true investment thesis. The report argues that the core constraint facing decentralized currency is not monetary policy, but physical conditions, including energy, heat dissipation, and geographical jurisdictional limitations.The report points out that with the development of space infrastructure, the constraints of heat, electricity, and geographical limitations faced by data centers could be alleviated in orbital environments. The connection between SpaceX, Starlink, and Bitcoin may represent a long-term strategic layout centered around future infrastructure construction.10x Research believes that technologies such as satellites, encryption technology, and artificial intelligence can both promote the decentralization of power and potentially reinforce resource concentration. The world is competing around two sets of infrastructure systems.The report also compares Bitcoin with China's digital yuan, suggesting they represent different paths for digital infrastructure. It also notes that as populations gradually move away from traditional network systems, the business models of companies like Palantir may also be affected.
Odaily Planet Daily reports that 10x Research has released its latest market report, stating that Bitcoin traders have long misread the "global money supply" and "global liquidity" indicators, while the movement of the US dollar is actually one of the key factors affecting Bitcoin's price.10x Research points out that the US dollar is currently strengthening across multiple dimensions, and historical experience shows that a stronger dollar is generally negative for Bitcoin. Its dollar model has only triggered 6 sell signals since 2011, with the last occurrence in November 2025, followed by months of continuous decline in Bitcoin's price.The report also indicates that the widely circulated global liquidity indicator in the crypto community last year was incorrectly used by the market. According to its research framework, this indicator triggered a buy signal in early March this year and an exit signal in late April, and the team has already calculated the potential time window for the next trigger.10x Research states that the report analyzes the potential time range and value range for the bear market low in this cycle, incorporating the dollar's movement, global liquidity, and other macro drivers, and believes that the time window corresponding to the cyclical low for Bitcoin is gradually approaching.
10x Research released a report stating that the top ten cryptocurrencies by market capitalization have continuously shifted over the past decade, indicating that holding altcoins long-term is not the optimal strategy—momentum trading is more critical. A bullish stance can be maintained if an altcoin trades above its 6-month or 12-month moving average; once it falls below, investors should decisively reduce positions. Using a dual-screening framework based on fundamental catalysts and risk management, the firm has currently identified six altcoins exhibiting strong bullish catalysts and meeting risk-management criteria. Historical data shows such a carefully selected portfolio is likely to significantly outperform Bitcoin.
Odaily Planet Daily reported that 10x Research posted on X platform, stating that amid Bitcoin's downturn, the mining and AI infrastructure sectors have surged significantly. KEEL rose 30%, CIFR rose 29%, IREN rose 29%, WULF rose 24%, and HUT rose 22%, primarily driven by large-scale hyperscale data center deals, campus acquisitions, and new institutional support.This week's catalysts include IREN's $1.6 billion purchase of Dell Blackwell systems, TeraWulf's acquisition of a 1 GW Kentucky campus, and Hut 8's signing of a $9.8 billion Texas lease agreement. These events indicate that the transition of Bitcoin mining companies towards AI infrastructure is accelerating.