The Sharpe ratio is an indicator that measures the risk and return of an investment, indicating how much money can be earned for every unit of risk taken. It helps investors assess the cost-effectiveness of an investment, with a higher value representing a more favorable risk-return relationship. However, the Sharpe ratio has its flaws, such as not distinguishing between types of fluctuations and relying solely on historical data, so it should be used in conjunction with other tools for comprehensive analysis.

Recently, the ETH market has shown false breakouts and a fall with higher trade volumes, and the fundamentals have deteriorated significantly. Market sentiment is low, and analysts have set buy the dip targets at 2500, 1200, and 880 dollars, recommending investors to enter the market during pessimistic times. Despite the injection of ETF funds, it is still difficult to change the overall trend.

In November at the Saudi forum, two tech giants had opposing views on the future of work in the AI era.
Musk's optimistic view: AI and robots will eliminate poverty, and work will become optional. He likens it to the choice of growing vegetables—one can either buy them at the supermarket or grow them at home; you can do it if you want, or not do it if you don't want to. More radically, he predicts that Tesla will use solar satellites in space for AI computation, because Earth cannot produce two-thirds of the electricity consumption of the U.S. in a year (AI requires 300 gigawatts of power).
Jensen Huang's realism: Looking at radiologists, AI hasn't made them unemployed; instead, hiring has increased—because reading images has become more efficient, doctors can see more patients, take on more cases, and haven't had any downtime at all.
Where is the truth?
Data speaks: Unemployment in the U.S. tech industry soared from 98,000 in December last year to 152,000 in January this year; a ResumeBuilder survey shows that 44% of bosses 2

The US national debt has surpassed 38 trillion, meaning each citizen bears a debt of about 110,000 dollars, with annual interest costs reaching 1.3 trillion dollars, exceeding military spending. Trump proposed using crypto assets to repay the debt, reflecting strategic thinking about rebuilding credit with Blockchain. Bitcoin is facing an opportunity and may become an important asset in the new system.

Recently, the Bitcoin sentiment index has dropped to extreme fear, which on the surface appears to be a bottom signal, but analysis shows that the falling structure issues remain. The outflow of ETFs adds to the pressure, the Fed's policy is unclear, and while a short-term technical rebound is possible, it remains difficult in the medium term, making a real turning point hard to come by.

Aptos market capitalization reached a record high of 7.791 billion USD in December 2024, but the coin price fell to 15 USD, lower than the 20 USD peak in March 2024. This is mainly due to monthly unlocks and 7% annual staking inflation leading to selling pressure, with holders facing structural risks, and the long-term investment value being gradually eroded.

Uniswap profits by starting to charge fees, transforming into a community of shared interests where participants can share protocol income. The funds will be used to incentivize liquidity, reward users, and fund projects, turning Uniswap from a "free tool" into an "autonomous ecosystem with self-sustaining capabilities," encouraging active participation from all parties and promoting Decentralization.

Hong Kong banks successfully subscribed to a tokenized money market fund through tokenization of deposits, marking the evolution of the asset management industry from "2.0" to "3.0". This transformation enhances trading settlement efficiency, and the popularity of tokenized funds may reach parity with ETFs over the next decade, becoming the new standard in asset management.