New Changes in the Encryption Power Structure: The Iron Vault of the Accomplice Institution AnchorageAfter more than a decade of crypto frenzy, the wealth creation movement driven by Bitcoin's Halving every four years is no longer, replaced by intermittent point shaving of US stocks, the US dollar, and US Treasuries, with discrete hotspots linking each cycle, just like the journey from Pendle to fixed income, LST, BTCFi, Ethena, and Boros.
The difficulty of becoming new money is not comparable to managing old money.
The custodial institution said, whoever has money will earn money.
There are three types of truly wealthy people in the crypto world: individual whales (early BTC miners, early ETH investors, DeFi Summer OGs), on-chain institutions (crypto native VCs, CEXs and public chains, and a few project parties), and the new and old giants backed by Wall Street.
The custodial institutions have since differentiated, following the $3 billion financing in 2021, in 2022.
TechubNews·2025-08-10 07:28