Anitttttta

The market and manipulation logic in the crypto space have changed. Daily active users, trading volume, and TVL may not accurately reflect the reality anymore. Introducing a new metric: P2P (Peer-to-Peer Supply).
When evaluating projects in the crypto world, TVL is the easiest to be deceived by. Projects offer high APY liquidity mining, big players deposit money to "earn passively," and TVL instantly jumps to billions. But this money is dead; once mining is done, it’s withdrawn, creating no stickiness to the ecosystem.
If a chain’s daily active users and trading volume decline, does that mean

MiniMax and Zhipu have the same advertising slogan for Hong Kong stock IPOs😂 "The world's number one large model stock," I thought they were the same company.
And MiniMax should be the fastest AI company from founding to IPO, taking only 4 years.
Previously, there were Moore Threads and Mu Xi (both GPU) listed on A-shares), now there are MiniMax and Zhipu (both large models) listed on Hong Kong stocks.
On the surface, it's another AI craze, but a close look at the prospectus reveals that the essence is still VC anxiety.
Similarly, overseas, OpenAI and Anthropic are also rumored to be preparin

How should founders build Found-led Comms?
On the first day of the new year, let’s share the top marketing insights of Silicon Valley PR / Comms guru LuluCheng. She is currently endorsing and practicing CEO communication strategies for leading tech companies like OpenAI, Coinbase, and others.
Traditional PR is dead — founders should abandon relying on external media, PR agencies, and similar methods to voice their messages. Instead, they should directly communicate with core groups such as the community, users, and investors.
She emphasizes that communication should not be for the sake of comm

Life is not only about lows, but also about highs.
2025 has passed,
This year, open-source AI can capture the large model market with just 1/10 of the computing power
This year, Web3 is no longer dominated by VCs and narratives
This year, post-2005 generations can leap to a7a8 through a meme
This year, embodied intelligence entered sports events and concerts
This year, liberal arts students can create an app on their own
2025 is coming to an end.
I will miss it.

2025 China AI VC Investment Overview
2025 is the inaugural year of Chinese AI. While everyone is discussing US-China AI competition, China’s AI also presents a report card.
✨1. Mainstream Comprehensive AI VC
IDG Capital: Suiyuan Technology (AI chips), Wenyuan Zhixing (autonomous driving), participated in Kimi, MiniMax
Sequoia China: Zhiyuan Robotics (embodied intelligence), Miaodong Technology (AI hardware), Kimi, MiniMax, etc.
Qiming Venture Partners: UBTech (humanoid robots), Wenyuan Zhixing, Wuwen XinQiong (AI/model hardware), Star Ring Technology, Zhipu AI, Shengshu Technology, Galaxy Gene

Where does the interest for digital RMB come from?
Digital RMB was initially clearly defined as M0 (digital cash), which does not accrue interest. This was to avoid disrupting the banking deposit system.
With the upgrade of the scheme, the central bank has effectively introduced a new intermediate form, "Digital Deposit Money" (not traditional savings/deposits, nor cash).
There are three key changes:
a. Account-based
Digital RMB is gradually transitioning from a "wallet-like" form to an "account-based" form, and is incorporated into the bank's liability management and reserve considerations.
b

There is a very interesting phenomenon in the US-China AI game:
As super chips like BlackWell become mass-produced, the gap between top Chinese and American laboratories is widening rapidly. The Deepseek -V3.2 paper mentions that they are currently bottlenecked by computing power. Meanwhile, China's open-source ecosystem is at the top of the world; it is precisely because of open source that it has helped American companies like Meta. Meta is using Qwen model data to train a new generation of models.
Meta is clearly behind other major companies in AI models, but now Meta is apparently leveragi

Chicken Potjie ~ Chicken Potjie ~ through my stomach
Merry Christmas 🎄🔔

A strange group photo has appeared in Japanese politics
In order to revitalize Japan's popular culture industry, Sanae Takaichi has specially invited industry heavyweights including Tetsuya Komuro, the lead singer of Seikima-II Demon Kakka, Awich, Mamoru Oshii, Takashi Murakami, and others for opinion exchange, and plans to support Japan's popular culture industry with a large budget.