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Want to chase SpaceX? Data shows that most of the 30 star US IPOs saw their share price halved in the first year.
SpaceX debuted on Nasdaq this Friday under the ticker symbol SPCX, with an offering price of $135 and a valuation of $1.75 trillion, making it the largest IPO in history. However, historical data shows that the median return for star tech IPOs in their first year is -9%, with a maximum drawdown of 54%. Investors should be wary of the risks of buying at the peak.US stocks suffered their worst plunge since 2025, with three major triggers sparking a revaluation of tech stocks.
The Nasdaq fell more than 4%, wiping out $1.3 trillion in market capitalization from chip stocks. Broadcom's earnings report exposed a slowdown in AI growth, better-than-expected non-farm payroll data triggered fears of interest rate hikes, and the Iran war pushed up oil prices and inflation. These three major factors weighed on the market.6MV Partner: ETH's narrative is confusing, Solana's growth is stagnant, and Hyperliquid is "the DeFi version of Tether".
6MV partner Mike Dudas analyzes the reasons for Ethereum's confusing narrative and lack of configuration, compares Hyperliquid to Tether, discusses the opportunities and shortcomings of Solana, and highlights the key role of programmatic buybacks and value capture mechanisms.South Korea's cryptocurrency "kimchi premium" has begun to turn negative, turning the cryptocurrency superpower into a stock market superpower.
South Korean retail investors are withdrawing from the crypto market, and the trend of net capital outflow has already left a clear mark on the price structure.While the entire world is hitting new highs, the cryptocurrency market has become the "earthquake victim."
The surge in South Korean stocks has created a new class of "poverty-stricken" individuals, exacerbating structural losses in the crypto market, and causing funds to flow into US stocks as Bitcoin loses favor. Beware of FOMO and chasing rallies; don't let missing out force you to jump on the last train.Deconstructing the investment philosophy of Gavin Baker, an early investor in Nvidia: Going long on AI infrastructure bottlenecks and shorting overall market risks.
Top investors are heavily invested in chip bottlenecks and power supply, revealing the "shovel seller" assets that are more profitable than big-scale models.Interview with VanEck CEO: In the crypto winter, only BTC and stablecoins will survive; the surge in memory chip prices is more like a bubble.
Nvidia has become the "host" of the AI era, gold is regaining its position as the world's number one currency, Wall Street will absorb blockchain technology, but most token ecosystems will disappear.Was the 10 AM market crash a conspiracy? Grayscale's VP explains: The on-chain anomalies you saw were just "settling accounts."
Grayscale's VP reveals the truth behind the Bitcoin ETF's "10 AM sell-off": it wasn't an institutional conspiracy, but rather a result of NAV pricing, AP subscriptions and redemptions, and market maker hedging. Tokenization is shifting from stablecoins to RWA; why are whales abandoning on-chain transactions for ETFs? A comprehensive analysis of the new market structure under the institutional wave.When Futu Community suddenly transformed into a matchmaking platform, overseas identity became a valuable commodity for the middle class.
For the foreseeable future, if you wish to open a new US stock account to buy Nvidia, Tesla, or an S&P 500 ETF, you must first possess proof of identity as a non-Chinese mainland resident.THORChain suffers its third major wipeout: Nodes masquerade to infiltrate the vault, exploiting a key vulnerability over three weeks to steal $10.7 million.
THORChain has been hacked three times in five years, with the GG20 vulnerability causing a loss of $10.7 million. The patch was left undeployed for nine days. It also helped North Korea launder $1.2 billion, raising questions about its security governance.
