The ideal and reality of decentralization: How monopoly power erodes the spirit of blockchain
The core spirit of blockchain lies in "decentralization", which is not only a technological innovation, but also a revolution in thought. It breaks the traditional power structure and gives individuals and communities more autonomy. However, as the industry develops, this revolutionary concept is gradually being eroded by a few oligarchs and centralized exchanges, resulting in the distortion of the ideal of decentralization in practice. Nowadays, many blockchain projects and communities are forced to compromise with large centralized exchanges, gradually deviating from the track of decentralization. Project parties often need to cater to the rules and requirements of these exchanges, and the close cooperation between these exchanges and venture capital institutions has exacerbated this phenomenon. VC (venture capital) enters at a low cost, obtains early chips of the project, and then pushes up the FDV (fully diluted valuation) of the project through the exchange, and sells high-priced tokens to ordinary investors, resulting in a large number of retail investors becoming "takers". This operation not only undermines the healthy development of the market, but also makes the original intention of decentralization become meaningless.
10 Most Significant Positive Impacts if Trump Becomes President:
SEC Leadership ChangesRemoval of Gary GenslerReduced litigation pressure on cryptoMore industry-friendly policiesStrategic Bitcoin MovesBTC becoming a national reserve assetAttracting institutional investmentPrice could reach $100K+New ETFsApproval of ETFs for various altcoinsOpportunities for SOL, XRP ETFsIncreased accessibility for investorsDeFi GrowthReduced regulatory controlRising prices of DeFi tokensLaunch of new projectsICO 2.0Americans allowed to participate in ICOsFreer airdropsA wave
The WSJ published an article stating that the Federal Reserve is investigating Tether for violations of Anti-Money Laundering laws and Sanctions Violations. Here is a summary of the issue👇
+Tether earns more money than Goldman Sachs but employs only a fraction of the former government officials that a traditional bank would hire to run various compliance programs—programs that are almost certainly bound to fail. This could result in fines worth billions of dollars.
Comparison of Fed’s Rate Cuts in 2024, 2008, and 2001: Is History Repeating Itself?
The Fed’s Rate Cut: A Comparison of Key Moments The Fed has officially cut interest rates for the first time since 2020. Western media are drawing parallels between this cut and the one in 2007. So, how does this compare to the Fed’s previous rate cuts in 2001, 2007-2008, and now? Let’s dive into the analysis below! Comparing Fed's Rate Cuts 2001: Dot-com Bubble and 9/11 In the early 2000s, the dot-com bubble burst, leading to a sharp stock market decline. To respond, the Fed cut interest rates
The Impending Collapse: A Financial Storm No One Saw Coming
All warning lights are flashing, yet it seems no one is paying attention. We are nearing the end of a 42-year-long bull market, and the global financial system is teetering on the brink of collapse. With $320 trillion in global debt and the U.S. government burdened with $35 trillion in liabilities, we are sitting on a powder keg ready to explode. Leverage like this? It’s a recipe for disaster, and when it blows, it will be far bigger than anything we’ve seen before.The Federal Reserve cutting in