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Gate Research Institute released a market forecast report titled "Polymarket Growth Accelerates, Gate's Layout for New Entry into Prediction Markets," which dissects trading volume, fee mechanisms, and market structure. The report points out that Polymarket's trading volume and active users continue to grow, and the platform has evolved from early on-chain experiments into an event trading market with real liquidity and revenue capabilities. Overall growth is driven by political, sports, and geopolitical events, and user retention may decline during the phase when hot topics fade.Fees and revenues are rising rapidly, driven on one hand by expanding trading demand and on the other by the expansion of the fee scope and changes in the fee structure. Revenue growth is directly related to rule adjustments. Platform trading is highly concentrated in a few high-interest sectors, and the long-tail market contributes limited overall liquidity.Gate has integrated a Polymarket entry in the app, providing two interaction modes: prediction mode and trading mode. Users can participate using USDT through their exchange accounts or use USDC on Polygon via a Web3 wallet. The report believes that prediction markets are evolving along two parallel paths: the integration of on-chain open infrastructure and centralized products. Its long-term potential depends on the continuous stability of event supply, regulatory environment, and user behavior.

Galaxy Research Director Alex Thorn stated on the X platform that the amount of Bitcoin currently held by Strategy has surpassed that of the world's largest Bitcoin ETF, IBIT. According to the current accumulation trend, Strategy is expected to surpass Satoshi Nakamoto in the next two years, becoming one of the largest Bitcoin-holding entities in the world.

Former Jump Trading senior quantitative researcher Yiming Zhang has received startup funding support from hedge fund giant Millennium Management after leaving the firm and will conduct business as an external manager in the future.Yiming Zhang worked at Jump for 17 years and was one of the key members of the core strategy department. Due to non-compete clauses, his new role is expected to officially start after the restriction period ends. Industry insiders point out that Millennium Management has been expanding its footprint in recent years by providing funding support to external teams, becoming one of the important "incubators" in the hedge fund sector.

The cryptocurrency trading platform HTX released the "USDD In-Depth Research Report," which points out that the decentralized stablecoin USDD has completed a key transformation into an over-collateralized stablecoin, and its overall maturity has entered the same competitive range as DAI. Relying on the advantages of the TRON ecosystem and multi-chain native deployment, USDD is gradually becoming a new generation of decentralized stablecoin infrastructure that combines stability and yield capability.The report provides a comprehensive and in-depth analysis of USDD from multiple dimensions, including core competitive advantages, yield ecosystem panorama, security system, and competitive landscape, and highly affirms its construction of a sustainable yield ecosystem and differentiated advantages.

AI research lab NeoCognition announced the completion of a $40 million seed round financing, led jointly by Cambium Capital and Walden Catalyst Ventures, with participation from Vista Equity Partners. Angel investors include Intel CEO Lip-Bu Tan and Databricks co-founder Ion Stoica, among others.The company is headquartered in Palo Alto, California, and was co-founded by Ohio State University associate professor Yu Su, along with Xiang Deng and Yu Gu, focusing on enhancing the reliability of AI agents. Their solution is to enable agents to build domain "world models" in real-world use to adapt to specific business environments, rather than relying on generic pre-trained models. The company is currently targeting enterprise clients and plans to embed sustainably optimized AI agents into SaaS products, with no public products released yet.

The Coinbase Quantum Computing and Blockchain Independent Advisory Committee has released its first position paper stating that sufficiently powerful quantum computers may be able to crack the encryption mechanisms used by mainstream blockchains to protect digital assets in the future. However, such devices do not currently exist, and encrypted assets remain secure for now. The industry should begin preparing for quantum resistance upgrades starting now.The document points out that there are currently no substantial risks associated with Bitcoin mining, hash functions, and on-chain historical records; the main vulnerability lies in the digital signatures at the wallet layer. Ethereum has proposed a clearer migration roadmap, and Solana, Algorand, and Aptos have also begun to provide or plan quantum resistance solutions.

According to on-chain analyst Ai Yi (@ai_9684xtpa), Trend Research has operated again after a month. 50 minutes ago, 5.41 million UNI and 228,000 COMP were transferred to the new address 0xfa9...FEB58, with a total value of 23.32 million USD, and the ownership of the address has not yet been determined.

Alex Thorn, the research director at Galaxy Digital, posted on the X platform that the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) sanctions list (SDN list) has historically involved 518 Bitcoin addresses, which have received a total of 249,814 BTC and sent 239,708 BTC, currently holding a net of about 9,306 BTC, worth approximately $707 million at current market prices.Thorn also stated that OFAC sanctions are only one of the means by which the U.S. intercepts illegal assets, and the CLARITY Act will further expand the Treasury's relevant powers.

According to CNBC, a recent study shows that adding Bitcoin to a traditional gold allocation can effectively enhance the overall return of the investment portfolio without significantly increasing the risk level.At the same time, Goldman Sachs released a report indicating that cryptocurrency prices may have bottomed out, and some related stocks have high investment appeal; Standard Chartered Bank has halved its Bitcoin price forecast; other analysts pointed out that due to the recent continuous decline in the cryptocurrency market, the profitability of Bitcoin mining has significantly narrowed, making it difficult to achieve profitability in current mining operations.

Gate Research Institute recently released a report titled "The Evolution of Liquidity and Trading Strategies for Crypto Leveraged ETFs," which points out that crypto ETFs are gradually becoming key tools for market liquidity. During the phase of rising risk appetite, funds migrate from spot ETFs to leveraged ETFs to amplify returns, but the "daily reset" mechanism also exposes them to significant loss risks in high-volatility environments. Overall, leveraged ETFs are more suitable for short-term tactical allocations in one-sided trending markets rather than long-term holding tools.The report further indicates that there are significant differences in product structure and usage logic between crypto market leveraged ETFs and traditional financial markets, with investors more inclined to seek short-term volatility gains or hedge through high leverage (such as 5x products).Strategies built on trading data from the Gate platform show that focusing on "right-side entry," combined with volume-driven momentum breakout signals, and employing a phased position building, momentum scaling, and strict stop-loss mechanisms, can help achieve a dynamic balance of risk and return while controlling volatility losses.

Bank of AI and the Peking University Blockchain Association PKUBlockchain have officially released their first research report titled "Web4.0: When AI Agents Become Economic Entities------Infrastructure, Track Patterns, and Investment Outlook." The report systematically outlines the three-layer infrastructure gaps of the x402 payment protocol, ERC-8004 identity standard, and MCP tool invocation protocol, and focuses on how Bank of AI can package five core components into a one-stop Agent financial operating system, becoming a typical case of a closed-loop from protocol to product. The research report points out that the daily average transaction volume on the TRON chain exceeds $22 billion, with a circulation of $86 billion USDT, providing a scalable foundation for high-frequency micro-settlement for Agents. Both parties will continue to promote the coordinated development of Web4.0 infrastructure and the agent economy.

According to official news, BitMEX Research has released a new research article proposing that in response to the risk of future quantum computers potentially breaking elliptic curve signatures, the Bitcoin network could adopt an alternative soft fork mechanism to "directly freeze" to reduce controversy and increase flexibility.The proposal revolves around "quantum-vulnerable fund freezing," but suggests avoiding the direct freezing of all related assets without evidence, instead gradually implementing security strategies through a verifiable condition-triggering mechanism. The core of the proposal is to establish a "signal vault," which contains special addresses generated using "accidental numbers" to prove that no one possesses their private keys. If passive spending occurs from that address, it will be regarded as on-chain evidence that quantum computing capabilities genuinely exist, thereby immediately triggering a comprehensive freeze of quantum-vulnerable assets.At the same time, the fund could attract capital through a multi-signature structure as a "quantum bounty," aimed at incentivizing potential attackers to expose their capabilities. The article also mentions that there is currently a BIP-361 proposal promoting the phased disabling of the old signature system and ultimately freezing risky assets, but this proposal is controversial due to its involvement in "mandatory freezing."The newly proposed "signal-trigger + security window" mechanism aims to replace the fixed-time freeze path, reducing potential system shocks while retaining Bitcoin's censorship-resistant characteristics, but it also brings complexity and execution risk trade-off issues.