4月8日晚，Liquid Capital 创始人易理华在币安广场直播中表示，他自2015年底进入加密行业，经历过两三轮牛熊后，整体仍倾向于“长周期看多”，但前提是不能过度乐观，必须正视市场的周期性与“巨大的波动性”。在他看来，加密资产的回撤与反弹幅度都远超传统市场，投资者需要在波动中保持清醒与风险意识。 谈及今年市场压力，易理华将其归因于多重外部因素叠加：宏观层面降息预期未兑现、地缘局势扰动、政策推进不及预期，以及部分叙事（如“国家战略”等）降温；再结合四年周期影响，他认为回调可能超出原先计划。但他同时强调，这更多是外部金融环境与周期共同放大短期波动，长期角度对ETH的核心判断并未改变。 在策略层面，他认为2022-2023年后一级投资难度显著上升：早期一级项目周期更短、流动性释放更快，但随着市场结构及解锁/流通安排变化，投资人窗口期明显收窄，一级“没以前好做”，因此他逐步减少一级出手，并将更多精力放到二级市场的研究与机会捕捉上。 易理华还总结自己观察到的投资人分化：一类“机构化”加密VC虽有框架与研报，但在趋势退去后缺乏稳定盈利模式，生存压力加大；第二类深耕细分赛道、具备专业壁垒并能产生现金流的投资人更稳健；第三类来自传统金融、交易更克制、偏向核心资产长期配置的人，往往在周期中表现更好。他分享称，曾在2018年建议一位传统投资人以约5%资产配置BTC，对方长期持有、不参与山寨币交易，后续该仓位在资产中占比明显提升。 此外，他强调AI正在加速重塑竞争格局：过去两三个月他投入更多精力学习AI，并推动被投企业向AI转型，认为未来不理解或不会使用AI的个人与团队可能被快速淘汰。 针对外界“推高再退出”等争议，他回应称投资最终取决于资产价值与趋势，大体量市场难以被单一参与者推动。

Key TakeawaysToken Terminal reports $180B stablecoins on Ethereum, all-time high.Ethereum controls ~60% of global stablecoin supply.Total stablecoin market reached $315B in Q1, signaling strong liquidity growth.Institutions like BlackRock and JPMorgan expanding tokenization on Ethereum.Ethereum Stablecoin Supply Reaches Record $180 BillionEthereum’s stablecoin ecosystem has reached a new milestone, with total onchain supply hitting $180 billion, according to Token Terminal.The figure represents roughly 60% of total global stablecoin supply, reinforcing Ethereum’s position as the dominant settlement layer for digital dollars.Over the past three years, Ethereum’s stablecoin supply has grown by approximately 150%, reflecting rising adoption across both crypto-native and institutional use cases.Institutional Adoption Drives GrowthThe expansion is closely tied to institutional activity in tokenized assets and onchain finance.Major financial players—including BlackRock, JPMorgan, and Amundi—have launched tokenized products on Ethereum, increasing demand for stablecoins as settlement and liquidity layers.Jamie Dimon recently acknowledged the rise of blockchain-based competition, citing stablecoins, smart contracts, and tokenization as emerging forces reshaping finance.Tokenization Trend Signals Trillion-Dollar OpportunityLooking ahead, Token Terminal projects that $1.7 trillion could move onchain across networks over the next four years.Ethereum alone could capture up to $850 billion in new flows by 2030 if current growth trends continue.Separately, Standard Chartered has estimated that more than $1 trillion could shift from traditional banking into stablecoins by 2028, further supporting long-term demand.Ethereum Maintains Dominance Across EcosystemData from RWA.xyz places Ethereum’s stablecoin value slightly lower at $168 billion, but still confirms its leadership with 56% market share.When including Ethereum Virtual Machine (EVM) chains and layer-2 networks such as Arbitrum, zkSync, and Base, Ethereum’s effective share rises above 65%.This dominance highlights Ethereum’s role as the primary infrastructure layer for:StablecoinsTokenized real-world assets (RWAs)Institutional onchain finance

According to ZachXBT, an anonymous source shared data stolen from an internal payment server in North Korea, covering 390 accounts, chat logs, and cryptocurrency transaction information. Since the end of November 2025, the related payment wallet addresses have received over $3.5 million, with funds transferred out through exchanges or converted into fiat currency and deposited into Chinese bank accounts via platforms such as Payoneer. On-chain tracking shows that the internal payment addresses are linked to known clusters of North Korean IT workers, and one of the Tron payment addresses was frozen by Tether in December 2025. Three related companies on the user list have been sanctioned by OFAC, including Sobaeksu. ZachXBT has compiled a complete organizational chart, with data covering the period from December 2025 to February 2026.

The Russell 2000 Index has achieved its highest level in over a month, experiencing a 3.4% increase. According to ChainCatcher, this marks a significant rise for the index, reflecting positive market movements.

PayPal has announced a partnership with Meta to enable Facebook users to purchase products directly within the app with a single tap. According to NS3.AI, this integration allows users to make purchases without leaving their Facebook feed, streamlining the shopping experience. The collaboration is set to extend to Instagram in the future, although the announcement did not specifically mention PYUSD.

Iranian media outlet Fars News, citing officials, reported that Iran is considering launching a strike against Israel for violating the temporary ceasefire agreement in Lebanon. (Jinshi)

Key TakeawaysJack Yi warns AI adoption is now essential for individuals and companies.Crypto markets face macro pressure + cycle-driven downside risk.Early-stage investing has become structurally harder post-2023.Long-term, low-activity investors outperform vs active traders.AI Is Becoming a Survival RequirementJack Yi stressed that AI is rapidly reshaping industries, warning that individuals and companies that fail to adopt it risk being phased out.He has shifted personal focus toward AI learning and is actively pushing portfolio companies to integrate AI. One company reportedly saw a major improvement in growth outlook after pivoting, highlighting AI’s transformative potential.Crypto Market: Macro + Cycles Driving RiskYi highlighted that current market weakness is driven by:Delayed Fed rate cutsMiddle East geopolitical tensionsSlower crypto regulatory progressFading expectations around a “national BTC strategy”Combined with the four-year cycle, he warned the current correction could be deeper than expected. Despite this, he remains long-term bullish on Ethereum.Early-Stage Investing Has Become More DifficultYi noted a structural shift in early-stage crypto investing:Slower liquidity cyclesMore complex token unlocksHigher circulating supply at launchThese changes have reduced upside opportunities, leading him to scale back early-stage activity and adopt a more selective approach.Three Types of Crypto InvestorsYi categorized investors into three groups:Institutional crypto VCs – strong frameworks but often struggle in downturnsSpecialists – deep expertise and more stable returnsTraditional investors – disciplined, long-term, low trading activityHe emphasized that the third group often performs best.Long-Term Bitcoin Strategy OutperformsYi shared a case where a traditional investor allocated 5% to Bitcoin in 2018, held long-term, and avoided trading.Over time, the BTC position grew significantly within the portfolio, demonstrating the power of passive, long-term allocation.

Arkham Intelligence has announced its decision to remove support for the TON blockchain from Arkham Intel, effective April 8 at 12 p.m. EST. According to NS3.AI, the decision was made following a periodic review of chain integrations, which considered user demand and the significance of each blockchain within the crypto ecosystem. Arkham emphasized that the review process is crucial for maintaining the relevance and efficiency of its platform.

On Apr 08, 2026, 13:38 PM(UTC). According to Binance Market Data, BNB has dropped below 610 USDT and is now trading at 609.580017 USDT, with a narrowed narrowed 1.88% increase in 24 hours.

HSBC's chief multi-asset strategist, Max Kettner, indicated that the S&P 500's close at 6,343 on Monday might represent a near-term low for U.S. equities. According to NS3.AI, Kettner noted that various indicators, including hedging, surveys, and positioning, have triggered what he described as the first significant buy signal for broader risk assets since Liberation Day.

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Coinbase has officially contributed the x402 protocol to the Linux Foundation, making it a neutral internet standard.

The drift case exposed a legal vacuum in stablecoins: Circle had the ability to freeze funds but had no enforcement obligation, and lacked "safe harbor" legal protection when enforcing the freeze.

Ray Dalio's New Article: The World Is Entering a War Cycle (Golden Finance): We are in the midst of a world war that will not end anytime soon.

"Money Freedom" is not only a personal reflection, but also a true record of the boundaries of the times, technology, and power.

In the world of investing, sometimes the most "crazy" logic may be underpinned by the most calm calculations.

Iran’s Bitcoin mining power has collapsed by 77% over the past quarter as conflict intensifies in the region, yet the global network remains largely intact—underscoring a critical reality: Bitcoin’s hashrate is shaped more by market economics than by war.

Elon Musk has amended his lawsuit against OpenAI to seek the removal of CEO Sam Altman and President Greg Brockman and wants any damages to go to the company’s charity arm.

UBS and a consortium of leading Swiss lenders are launching a 2026 sandbox to test a Swiss franc stablecoin, signaling a coordinated push to bring blockchain-based payments into the heart of traditional finance.

This is an overview report on the leverage mechanism of prediction markets, covering the models currently being built, how they operate, and their existing shortcomings.