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Opinion is building dynamic opinion and continuous prediction markets. These innovations will enable the valuation of human opinion, which drives social exchange, across social networks themselves, ensuring that every individual's perspective is recognized and empowered in the digital realm.
Opinion: Strategy Goes One Week Without Buying BTC; Analysts Say It Shows Stronger Balance Sheet Discipline
Odaily Strategy sold nearly $467 million worth of MSTR common stock last week but did not increase its Bitcoin holdings. Analysts believe this indicates that the company is implementing its recently proposed Digital Credit Capital Framework and beginning to prioritize strengthening its balance sheet, rather than solely pursuing short-term BTC accumulation.According to the latest filings, Strategy has increased its U.S. dollar cash reserves to $3 billion, while its Bitcoin holdings remain unchanged at 843,775 BTC. Both Benchmark and TD Cowen believe this move strengthens the company's balance sheet and helps boost market confidence in its preferred equity financing model.TD Cowen reiterated its "Buy" rating and $260 price target for Strategy stock, stating that this operation is an early signal of management executing the new capital allocation framework. The firm noted that Strategy's choice to expand dollar reserves and pause Bitcoin purchases demonstrates a greater emphasis on balance sheet discipline rather than maximizing short-term BTC accumulation.Benchmark also maintained its "Buy" rating with a $570 price target. On Monday, Strategy's stock price traded at approximately $91.50, near its long-term low. Overall, analysts believe that amid pressure on preferred equity financing tools like STRC and market focus on dividend coverage capacity, Strategy's increase in cash reserves may help alleviate investor concerns regarding a forced sale of BTC.
Meta (META): Multiple KOLs Bullish, $1.7 Trillion Market Cap Possibly Undervalued
According to monitoring by the BlockFlow KOL Opinion Aggregation Platform, Meta Platforms (META) is currently priced at $669.21. Multiple KOLs are unanimously bullish, believing that given its massive user base across multiple platforms and AI infrastructure build-out, the $1.7 trillion valuation is cheap.
Opinion: The Next Phase of Crypto May Shift Toward AI Financing Infrastructure, with Blockchain Becoming the Capital Layer
Framework Ventures co-founder Michael Anderson pointed out in his analysis that the core opportunity in the next stage of the crypto industry may no longer be limited to crypto assets themselves, but rather evolve into a financing infrastructure for capital-intensive industries such as artificial intelligence, robotics, and energy, with blockchain becoming the capital layer.Compared to the 2020–2021 cycle, which was centered on DeFi and crypto speculation, tokenization and stablecoins are evolving from crypto-native applications into financial infrastructure serving the real economy. They can be used to provide more efficient financing channels for assets such as GPU computing power and energy projects. Currently, over $300 billion in stablecoin liquidity on-chain offers new funding sources for asset-backed lending, potentially allowing assets that were traditionally difficult to securitize—such as servers and computing hardware—to be packaged as financeable assets. (CoinDesk)
<p>Opinion: Investing in SpaceX’s IPO Is a High-Stakes Bet, Similar to Early Cryptocurrency Investments</p><odynamic-translate-split><p>Odaily Planet Daily News: Christophe Boucher, Chief Investment Officer at ABN AMRO Investment Solutions, stated that pa
荷兰银行旗下 ABN Amro Investment Solutions 的首席投资官 Christophe Boucher 表示，参与 SpaceX 首次公开募股，类似于大约 15 年前买入加密货币，要么可能损失全部本金，要么可能获得指数级的回报。尽管有理由对埃隆·马斯克为 SpaceX 设定的约 1.8 万亿美元目标估值持怀疑态度，但仍需考虑其风险回报比。（Citywire）
Opinion: SpaceX, Anthropic, and OpenAI Valuations Overheated; Market Has Already Priced in Future Growth Prematurely
Odaily Odaily notes that Stephen Davies, founder and CEO of Javelin Wealth Management, stated that the current market’s investment enthusiasm for SpaceX, Anthropic, and OpenAI has significantly outpaced their fundamentals. The valuations of these companies have already priced in a substantial amount of future growth expectations. While artificial intelligence has real-world applications and long-term value, the market still needs clearer verification of profitability. Without stable proof of earnings, the valuation expansion of AI-related assets carries the risk of excessive optimism.Regarding SpaceX, Stephen Davies believes the company still needs to establish a stronger track record of commercialization and market performance before it can become a core allocation in his portfolio. Overall, the current valuation levels of some high-growth tech assets have entered a "somewhat extreme" range, and investors should pay more attention to actual earnings support. (CNBC)
U.S. Economic Confidence Hits Two-Year Low: 61% Pessimistic About Outlook, Majority Disapprove of Trump's Economic Policies
According to the latest poll released by CNBC, American pessimism over the economic outlook has intensified, with 61% of respondents expressing pessimism about the current economic conditions and future trajectory — the highest level since December 2023. Only about a quarter of respondents hold an optimistic view. The survey shows that a majority attribute economic pressures to President Trump's economic policies. Regarding Trump's handling of the economy, 60% of respondents expressed dissatisfaction, while only 38% approved — one of the lowest ratings on this metric in his political career.Micah Roberts, a partner at Public Opinion Strategies, stated that the overall mood among voters is currently low, with those expecting the situation to worsen outnumbering those expecting improvement by 41% to 29%. Market confidence is entering a trough phase ahead of the midterm election cycle.Meanwhile, rising living costs are forcing American consumers to cut spending. The survey found that 47% of respondents are reducing spending on necessities such as food and healthcare — up 6 percentage points from April. About two-thirds of consumers are cutting back on non-essential spending like dining out.A separate study conducted by Bain & Company in collaboration with NielsenIQ showed that U.S. grocery purchases in June fell by 1.8% year-over-year, a sharp reversal from the 0.1% growth recorded during the same period last year.Kurt Grichel, head of Bain's U.S. retail practice, noted that a typical grocery run that cost around $300 in 2019 may now require $400. The "sticker shock" from price increases is now affecting a broader range of consumers, including higher-income households.Analysts point out that high food prices, elevated fuel costs, and the Trump administration's cuts to certain social welfare programs are collectively increasing pressure on consumers. The survey found that four out of five U.S. consumers are trying to reduce spending, with more than a quarter actively cutting back on food purchases. Among them, over half have switched to cheaper brands, while 49% are buying fewer items. (ibtimes)
Opinion: South Korea Has Yet to Truly Enter the Stablecoin Arena — The Question "Why Use It?" Must Be Answered First
According to Yoon Seung-sik, Head of Tiger Research, the Korean won stablecoin market currently lacks a real position. This is not due to a lack of potential, but because South Korea has yet to undergo sufficient market practice and discussion. Unlike the United States, which has experienced years of trial and error, regulation, and market evolution in the stablecoin space, related discussions in South Korea have only just begun. The country's financial infrastructure is already highly developed, and the real challenge lies in answering the question, "Why do consumers need to use a won stablecoin?"Yoon Seung-sik believes that the core keywords for the digital asset industry in the first half of this year are stablecoins, tokenization, and RWA. While AI Agents and DeFi hold long-term potential, they still have a considerable distance from large-scale implementation. In contrast, stablecoins and tokenization have accumulated a wealth of global practical cases, driving more institutions to accelerate their entry. It is expected that in the second half of the year, the digital asset market will continue to focus on regulatory progress, the actual implementation results of stablecoins and RWAs, as well as new narratives for the retail market. (Etoday)
Opinion: Trump Signs Quantum Security Executive Order, Potentially Boosting Bitcoin Post-Quantum Security R&D
US President Trump signed two executive orders on Monday aimed at accelerating the nation's quantum computing capabilities and advancing the migration of government systems to post-quantum cryptography. While the orders do not directly mention Bitcoin, industry insiders believe this could benefit blockchain post-quantum security research and development.The two executive orders focus on defending against advanced cryptographic attacks and driving the frontier of quantum innovation. This includes a clear timeline: advancing quantum sensor construction by September 2028, and requiring federal high-value assets and high-impact systems to complete their post-quantum cryptography migration by the end of 2031.Alex Pruden, CEO of Project Eleven, stated that this means the US government will allocate funds and time to achieve post-quantum security goals. It may also extend these requirements to the entire federal contractor system, not just government agencies, thereby accelerating the practical application of post-quantum cryptographic technology.This policy comes amid growing attention within the blockchain industry to quantum threats. The Ethereum Foundation, Solana Foundation, and others have already begun advancing post-quantum security R&D, while the Bitcoin community is also discussing potential risks. Some Bitcoin held in publicly exposed addresses is considered vulnerable to private key derivation attacks once sufficiently powerful quantum computers emerge.Pruden noted that this executive order sets a clear deadline of 2031 for the adoption of post-quantum cryptography, which is more enforceable than the previous US government guidance which only proposed phasing out traditional cryptographic systems by 2035. For Bitcoin and the broader crypto industry, government-level investment in post-quantum security could accelerate the maturation of related tools, standards, and migration pathways.
Opinion: Prediction Markets Won’t Have a Single Dominant Player; They Will Follow the Perpetual Contract Development Path, Forming a Multi-Platform Coexistence Landscape
CJ Hetherington, co-founder and CEO of prediction market platform Limitless Labs, stated that he does not believe the prediction market industry will see a single dominant monopoly player. He draws a parallel to the offshore perpetual contract market, where even leading platforms have never long-term held over 90% market share. Core trading volume in the derivatives market comes from market makers and high-frequency traders, who typically operate across multiple platforms to exploit spreads for arbitrage, structurally limiting market concentration.CJ Hetherington cited Binance’s perpetual contracts as an example, noting that its market share once approached 50% but was gradually diverted by other trading platforms, leading to a multi-platform coexistence pattern. He argues that prediction markets will follow a similar path rather than a "winner-takes-all" outcome.Hetherington pointed out that future industry distribution will primarily be conducted through brokers and futures commission merchants, with institutions like Robinhood, Interactive Brokers, and Charles Schwab competing in distribution. Fees and marketing will become the core of consumer-side competition. However, the U.S. regulatory framework is an "advantage rather than an obstacle" for the prediction market industry, as CFTC oversight helps reduce contract disputes, enhance transparency, and is also more suitable for institutional participation. (The Block)
Gary Gensler Submits Court Opinion Asserting CFTC Lacks Authority to Regulate Sports Prediction Markets
Odaily Odaily, former CFTC and SEC Chairman Gary Gensler has filed an amicus brief with the Court of Appeals, arguing that federal law does not grant his former agency, the CFTC, the authority to regulate sports-related prediction markets. Several other entities have also submitted similar amicus briefs, stating that sports-related prediction markets violate state and tribal regulatory provisions. Courts across the United States are currently hearing cases on whether sports-related prediction markets should be regulated at the state or federal level, with related rulings impacting tax collection and other regulatory matters. (CoinDesk)
Hong Kong Securities and Futures Commission (SFC): Virtual Asset Financial Influencers Are the New Business Norm; Discussions with Industry Underway on Potential Regulation
According to the Hong Kong Economic Journal, in response to concerns raised by Hong Kong Legislative Council members regarding potential regulatory gray areas involving financial KOLs (Key Opinion Leaders) in the virtual asset space, Mr. Yip Chi Hang, Executive Director of the Intermediaries Division at the Securities and Futures Commission (SFC) of Hong Kong, stated that financial KOLs represent a new business norm—not the traditional relationship between individuals and conventional securities firms, but rather the relationship between individuals and platforms. However, many such platforms are not based in Hong Kong, and their reach is borderless—making this a shared challenge for global regulators. The SFC has already begun closely engaging with the industry to understand the landscape and is actively discussing whether new regulatory considerations—including enhancements to licensing requirements and codes of conduct—are warranted.
Opinion: Strategy Goes One Week Without Buying BTC; Analysts Say It Shows Stronger Balance Sheet Discipline
Odaily Strategy sold nearly $467 million worth of MSTR common stock last week but did not increase its Bitcoin holdings. Analysts believe this indicates that the company is implementing its recently proposed Digital Credit Capital Framework and beginning to prioritize strengthening its balance sheet, rather than solely pursuing short-term BTC accumulation.According to the latest filings, Strategy has increased its U.S. dollar cash reserves to $3 billion, while its Bitcoin holdings remain unchanged at 843,775 BTC. Both Benchmark and TD Cowen believe this move strengthens the company's balance sheet and helps boost market confidence in its preferred equity financing model.TD Cowen reiterated its "Buy" rating and $260 price target for Strategy stock, stating that this operation is an early signal of management executing the new capital allocation framework. The firm noted that Strategy's choice to expand dollar reserves and pause Bitcoin purchases demonstrates a greater emphasis on balance sheet discipline rather than maximizing short-term BTC accumulation.Benchmark also maintained its "Buy" rating with a $570 price target. On Monday, Strategy's stock price traded at approximately $91.50, near its long-term low. Overall, analysts believe that amid pressure on preferred equity financing tools like STRC and market focus on dividend coverage capacity, Strategy's increase in cash reserves may help alleviate investor concerns regarding a forced sale of BTC.
Opinion: Mega IPO Wave from SpaceX Could Weigh on U.S. Stock Market for Years
Research Affiliates founder Rob Arnott stated that mega IPOs from companies like SpaceX, Anthropic PBC, and OpenAI could divert hundreds of billions of dollars away from existing stocks, potentially creating a multi-year drag on the broader equity market.This diversion effect may take some time to materialize, following the S&P Dow Jones Indices' decision not to accelerate the inclusion of these large new issues into its benchmarks. However, in Arnott's view, as these companies' weights within the indexes gradually increase, the impact will naturally take longer to transmit to the rest of the market. Arnott is a pioneer in smart beta investing, and his firm's strategies are adopted by institutions such as Pimco and Invesco. "This is going to disturb the capital markets, and it already is," Arnott said. He is known for his research on fundamental indexing, a methodology that determines index constituent weights based on metrics like earnings and cash flow. (WSJ)
Opinion: $60,000 is not just a psychological milestone for Bitcoin, but a structural threshold
Bitcoin's price is approaching the key support level of $60,000, and a breach below could trigger accelerated selling.Jean-David Péquignot, Chief Commercial Officer of Deribit, stated that $60,000 is more than just a psychological round number; it is a structural threshold with tangible implications for institutional investors and the derivatives market. Over the past year, a significant amount of institutional capital, including ETF buyers, large holders, and short-term speculators, purchased BTC at prices between $60,000 and $67,000. As the price approaches these buy zones, investors are near their breakeven point. If the price falls below their cost basis, unrealized losses will increase. This pressure is amplified when traditional markets, such as AI stocks, are rising, raising the opportunity cost of holding BTC and potentially prompting investors to accelerate their selling.The derivatives market is also under strain. Deribit data shows that approximately $1.2 billion in notional value of $60,000 put options remain open. Market makers hedging this risk may be forced to sell spot or futures contracts, thereby accelerating the decline. Simultaneously, there is still a large amount of leveraged long positions in the system. A break below $60,000 could trigger a cascade of liquidations, intensifying market sell pressure. Péquignot believes that billions of dollars in leveraged long positions have already been liquidated this week. If the $60,000 support level fails, the downward momentum could amplify further, leading to a rapid and chaotic sell-off scenario. (CoinDesk)
U.S. Economic Confidence Hits Two-Year Low: 61% Pessimistic About Outlook, Majority Disapprove of Trump's Economic Policies
According to the latest poll released by CNBC, American pessimism over the economic outlook has intensified, with 61% of respondents expressing pessimism about the current economic conditions and future trajectory — the highest level since December 2023. Only about a quarter of respondents hold an optimistic view. The survey shows that a majority attribute economic pressures to President Trump's economic policies. Regarding Trump's handling of the economy, 60% of respondents expressed dissatisfaction, while only 38% approved — one of the lowest ratings on this metric in his political career.Micah Roberts, a partner at Public Opinion Strategies, stated that the overall mood among voters is currently low, with those expecting the situation to worsen outnumbering those expecting improvement by 41% to 29%. Market confidence is entering a trough phase ahead of the midterm election cycle.Meanwhile, rising living costs are forcing American consumers to cut spending. The survey found that 47% of respondents are reducing spending on necessities such as food and healthcare — up 6 percentage points from April. About two-thirds of consumers are cutting back on non-essential spending like dining out.A separate study conducted by Bain & Company in collaboration with NielsenIQ showed that U.S. grocery purchases in June fell by 1.8% year-over-year, a sharp reversal from the 0.1% growth recorded during the same period last year.Kurt Grichel, head of Bain's U.S. retail practice, noted that a typical grocery run that cost around $300 in 2019 may now require $400. The "sticker shock" from price increases is now affecting a broader range of consumers, including higher-income households.Analysts point out that high food prices, elevated fuel costs, and the Trump administration's cuts to certain social welfare programs are collectively increasing pressure on consumers. The survey found that four out of five U.S. consumers are trying to reduce spending, with more than a quarter actively cutting back on food purchases. Among them, over half have switched to cheaper brands, while 49% are buying fewer items. (ibtimes)
Opinion: The Next Phase of Crypto May Shift Toward AI Financing Infrastructure, with Blockchain Becoming the Capital Layer
Framework Ventures co-founder Michael Anderson pointed out in his analysis that the core opportunity in the next stage of the crypto industry may no longer be limited to crypto assets themselves, but rather evolve into a financing infrastructure for capital-intensive industries such as artificial intelligence, robotics, and energy, with blockchain becoming the capital layer.Compared to the 2020–2021 cycle, which was centered on DeFi and crypto speculation, tokenization and stablecoins are evolving from crypto-native applications into financial infrastructure serving the real economy. They can be used to provide more efficient financing channels for assets such as GPU computing power and energy projects. Currently, over $300 billion in stablecoin liquidity on-chain offers new funding sources for asset-backed lending, potentially allowing assets that were traditionally difficult to securitize—such as servers and computing hardware—to be packaged as financeable assets. (CoinDesk)
Opinion: The Bitcoin Treasury Sector is Filled with “Hype Companies”
the market for Bitcoin treasury companies is becoming increasingly polarized. On one side are firms with genuine financial strategies, and on the other are companies that rely more heavily on publicity and hype.Sean Bill, co-founder of BSTR (alongside Adam Back), stated: “Many of these companies lack an appropriate capital structure and the actual capability to deploy Bitcoin. They primarily depend on Bitcoin's own performance to attract investment.” Sean Bill described such firms as “carnival barkers,” noting that this strategy might work if companies can easily obtain leverage at a low cost. Otherwise, companies must add value through other means, or investors will choose simpler products like ETFs instead.According to data from BitcoinTreasuries, there are currently 198 publicly listed companies holding approximately 1.25 million BTC. Michael Saylor's Strategy holds the largest amount, with 843,738 BTC. Meanwhile, the Bitcoin treasury company Nakamoto (NAKA) has seen its stock price decline approximately 67% year-to-date, with a cumulative drop of over 99% from its peak of $34 per share in May 2025. After hitting a low of $0.16 in April, the company implemented a reverse stock split last week. Nasdaq warned the company in December 2025 that it faced potential delisting risk due to its stock price trading below $1 for 30 consecutive days (per SEC filings). (Cointelegraph)
Survey: 16% of Brazilian Investors Already Hold Cryptocurrencies; 56% of Non-Investors Intend to Enter the Market
According to Livecoins, a joint survey by Mercado Bitcoin and Opinion Box found that cryptocurrencies are now included in the investment portfolios of 16% of Brazilian investors, while another 56% of respondents—who have never invested in crypto assets—indicated they intend to enter this market in the future. The survey states that digital assets are viewed more as a tool for portfolio diversification rather than a replacement for traditional investments. Meanwhile, 61% of Brazilian respondents consider Bitcoin’s price declines as buying opportunities; this figure rises to 79% among investors who already hold crypto assets. However, market adoption still faces obstacles: 62% of respondents say they struggle to understand technical terminology in the crypto space, 76% find the market overly complex, and 55% cite platform regulation as the top factor when selecting a crypto investment platform.
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美光科技单日跌 4%，多位 KOL 逆势看多
According to monitoring by the BlockFlow KOL Opinion Aggregation Platform, Micron Technology (MU) fell 4% in a single day to $920.95, with multiple KOLs bullish against the trend.
Opinion: CXMT will likely open high, surge, and then retreat, making its first trading day the all-time high price.
Jiang Zhuo'er posted on X platform: "CXMT will likely open high, surge, and then retreat, making its first trading day the all-time high price. To buy CXMT in A-shares, have funds ready on Hyperliquid. The perfect playbook is to buy in A-shares at the open, sell on Hype during the midday surge, then sell A-shares and buy back on Hype the next day to square the position."
Opinion: The Market Overlooks the "Gray Rhino" Risk; Oil Prices Returning to $100 Could Impact the Global Economy
Jiang Zhuoer stated on platform X that the market is currently overlooking a massive "gray rhino" risk – the sustained rise in international oil prices. He pointed out that Brent crude oil prices have rebounded to near $95. Against the backdrop where both the US and Iran are unable to fundamentally resolve the conflict in the short term, nor reach a compromise on the passage through the Strait of Hormuz, the situation may become deadlocked, making further increases in oil prices almost inevitable.Jiang Zhuoer believes that if disruptions to transportation through the Strait of Hormuz continue, it would have disastrous consequences for the global economy. He also stated that global commercial and government strategic petroleum reserves have been significantly depleted. Total US crude oil inventories (combining commercial stocks and the Strategic Petroleum Reserve) have fallen to their lowest level since 1984. Once international oil prices break through $100 again, market sentiment could rapidly deteriorate.
U.S. Economic Confidence Hits Two-Year Low: 61% Pessimistic About Outlook, Majority Disapprove of Trump's Economic Policies
According to the latest poll released by CNBC, American pessimism over the economic outlook has intensified, with 61% of respondents expressing pessimism about the current economic conditions and future trajectory — the highest level since December 2023. Only about a quarter of respondents hold an optimistic view. The survey shows that a majority attribute economic pressures to President Trump's economic policies. Regarding Trump's handling of the economy, 60% of respondents expressed dissatisfaction, while only 38% approved — one of the lowest ratings on this metric in his political career.Micah Roberts, a partner at Public Opinion Strategies, stated that the overall mood among voters is currently low, with those expecting the situation to worsen outnumbering those expecting improvement by 41% to 29%. Market confidence is entering a trough phase ahead of the midterm election cycle.Meanwhile, rising living costs are forcing American consumers to cut spending. The survey found that 47% of respondents are reducing spending on necessities such as food and healthcare — up 6 percentage points from April. About two-thirds of consumers are cutting back on non-essential spending like dining out.A separate study conducted by Bain & Company in collaboration with NielsenIQ showed that U.S. grocery purchases in June fell by 1.8% year-over-year, a sharp reversal from the 0.1% growth recorded during the same period last year.Kurt Grichel, head of Bain's U.S. retail practice, noted that a typical grocery run that cost around $300 in 2019 may now require $400. The "sticker shock" from price increases is now affecting a broader range of consumers, including higher-income households.Analysts point out that high food prices, elevated fuel costs, and the Trump administration's cuts to certain social welfare programs are collectively increasing pressure on consumers. The survey found that four out of five U.S. consumers are trying to reduce spending, with more than a quarter actively cutting back on food purchases. Among them, over half have switched to cheaper brands, while 49% are buying fewer items. (ibtimes)
ETH Bullish Among Multiple KOLs, Core Logic Focuses on L2, Technicals, and DeFi
According to monitoring by the BlockFlow KOL Opinion Aggregation Platform, multiple KOLs have formed a bullish consensus on ETH, with core arguments focusing on three dimensions: mainstream financial institutions adopting Ethereum L2 to build custom chains, technicals breaking through range highs, and the revival of the DeFi sector.
Opinion: Strategy Goes One Week Without Buying BTC; Analysts Say It Shows Stronger Balance Sheet Discipline
Odaily Strategy sold nearly $467 million worth of MSTR common stock last week but did not increase its Bitcoin holdings. Analysts believe this indicates that the company is implementing its recently proposed Digital Credit Capital Framework and beginning to prioritize strengthening its balance sheet, rather than solely pursuing short-term BTC accumulation.According to the latest filings, Strategy has increased its U.S. dollar cash reserves to $3 billion, while its Bitcoin holdings remain unchanged at 843,775 BTC. Both Benchmark and TD Cowen believe this move strengthens the company's balance sheet and helps boost market confidence in its preferred equity financing model.TD Cowen reiterated its "Buy" rating and $260 price target for Strategy stock, stating that this operation is an early signal of management executing the new capital allocation framework. The firm noted that Strategy's choice to expand dollar reserves and pause Bitcoin purchases demonstrates a greater emphasis on balance sheet discipline rather than maximizing short-term BTC accumulation.Benchmark also maintained its "Buy" rating with a $570 price target. On Monday, Strategy's stock price traded at approximately $91.50, near its long-term low. Overall, analysts believe that amid pressure on preferred equity financing tools like STRC and market focus on dividend coverage capacity, Strategy's increase in cash reserves may help alleviate investor concerns regarding a forced sale of BTC.