温馨提示：本站仅提供公开网络链接索引服务，不存储、不篡改任何第三方内容，所有内容版权归原作者所有
AI智能索引来源：http://www.bee.com/zh/54935.html
点击访问原文链接

Crypto Baptism: Meet Wall StreetRecommended Articles | Bee Network

进入原网站 导航首页
Crypto Baptism: Meet Wall StreetRecommended Articles | Bee Network Login 熱門新聞 Meme Launchpad AI 代理商 DeSci 熱門鏈瀏覽器 新人必讀 衝百倍幣 蜜蜂遊戲 必備網站 必備APP 必關大神 DePIN 新人必備 教我避坑 基本工具 深度網站 交易所 NFT 工具 你好， 登出 Web3宇宙 遊戲 DApp 蜂巢 增長平台 生態 搜尋 英語 Coins儲值 登入 下載 Web3大學 遊戲 DApp 蜂巢 生態 家•分析•正文 Crypto Baptism: Meet Wall StreetRecommended Articles分析7 年前更新懷亞特 23,845 35 Will the copycat season come again?

This is a question shared by nearly every 加密貨幣 player. After all, during the previous bull market of 2020-2021, few people were calling for an “all-in” BTC. During the DeFi Summer, altcoins saw numerous quintuple increases in value. The total cryptocurrency market capitalization soared from approximately $200 billion in January 2020 to just over $3 trillion in November 2021. It’s safe to say that 90% of those who truly emerged victorious in this bull market were altcoin enthusiasts.

However, the cruel reality is that new assets will 德菲nitely come, and the outbreak of a copycat season that is like cutting the feet to find the sword is no longer possible in reality.

The defeated army of altcoins While many are still waiting for the altcoin season, four years later, the crypto industry has quietly approached the end of its bull market. From 2024 to mid-2025, the total market capitalization of cryptocurrencies has actually grown by a staggering 130%.

On November 15, 2021, BTC’s highest point was around US$69,000, and the total market value of cryptocurrencies peaked at approximately US$3 trillion; on July 14, 2025, BTC’s highest point was US$123,091, and the total market value of cryptocurrencies peaked at approximately US$3.91 trillion.

On the contrary, including the junk Memecoins that were issued during the meme boom, there are already millions of altcoins on the chain. This round, altcoins suffered a major defeat.

To this, perhaps all we can say is: Sorry, we failed.

The reason why Altcoin cannot be made great again is that the crypto industry, which upholds compliance as the main theme, is experiencing the pain of cutting off the fat that grew in the past barbaric period.

Wall Street’s enclosure game Under the trend of encryption compliance in the United States, the regular army of Wall Street, which was originally afraid to act rashly, began to flock to cryptocurrency, the “red zone” during the Biden administration, and at the same time planted the colonial flag of financial hegemony on the chain.

From a player’s perspective, the competitive landscape of whales, retail investors, miners, and cryptocurrency institutions is gone forever. Retail investors, who once jokingly called themselves “Nasdaq and Dow Jones crypto traders,” have effectively become the counterparties of professional Wall Street hedge funds.

From an asset perspective, the VC-organized and carefully designed low-circulation, high-market-cap strategy no longer works; unregulated Meme coins continue to lose blood after retail investors lose interest; and DeFi does not seem to have become the first choice for institutional hot money.

In fact, the first step for wealthy Wall Street institutions to enter the crypto market is to use their capital power to control Bitcoin, which is the most “decentralized” in the true sense and has the highest consensus in the crypto industry, and to gain the right to speak in the cryptocurrency industry, such as Grayscale’s Bitcoin ETF; the second step is to infiltrate and expand the financial power they already control into crypto, attracting native crypto investors to switch investment categories, such as stock tokenization and altcoin “MicroStrategy” companies; the third step is to issue new crypto-related assets that comply with existing financial regulations and completely control the pricing power of crypto assets, such as crypto company IPOs.

The Wall Street hot money that crypto natives had hoped for didn’t foolishly pour into the already-saturated “decentralized” market. In other words, they chose to play their own game, and not only that, they’re forcing you to play theirs with their money.

If you can’t beat them, join them.

The IPO boom is undercurrent On June 5th, Circle went public on the New York Stock 交換. Its stock price soared over 160% on its first day, subsequently soaring to a high of $289.99. This represented a staggering 9.64-fold increase from its IPO price of $31. During the same period, cryptocurrencies performed only mediocrely.

Circle’s return on investment is the authentic flavor of the previous cryptocurrency altcoin season. Following this impressive success, a string of crypto-related companies announced plans for IPOs in the second half of 2025. These include US-based exchanges Kraken, FalconX, Gemini, and Bullish, as well as fintech companies and asset management institutions like Bitgo, Grayscale, and Figure. There’s even news of OKX going public in the US. Besides the buzzing US stock market, South Korean exchange Bithumb announced plans to implement a two-step strategy of listing on both Kosdaq Korea and Nasdaq US, while Thai exchange Bitkub announced plans to list on the Stock Exchange of Thailand.

On July 30, the US exchange Kraken was rumored to be seeking to raise approximately $500 million in financing at a valuation of $15 billion, which once again stimulated the crypto industry.

Robinhood previously announced its entry into stock tokenization, even offering equity in top unlisted companies like OpenAI and SpaceX, officially sparking interest in pre-IPOs. With Kraken recently hyping its IPO prospects, private equity trading platforms like Forge offer entry and exit channels for those looking to sell and those hoping to buy in advance.

Generally speaking, investors can purchase shares in private companies through two methods: the P2P model and the SPV model. Taking Kraken as an example, the P2P model involves the platform matching Kraken equity holders with buyers, assisting both parties with Know Your Customer (KYC), due diligence, and contract signing. The SPV model involves the trading platform establishing a dedicated special purpose vehicle (SPV) to pool funds from buyers and purchase the target company’s shares.

Currently, the price on the Forge platform is $36.13, with a valuation of approximately $10 billion. If Kraken can successfully go public with a valuation of $15 billion, current entrants may obtain excess returns of more than 50%.

In short, a crypto IPO is a rite of passage for the crypto industry. It promises global recognition, but it also means leaving behind those outdated childhood pastimes. Yes, I’m talking about those dreadful projects that couldn’t calculate price-to-earnings ratios and were only good at creating PowerPoint presentations.

本文源自網路： Crypto Baptism: Meet Wall StreetRecommended Articles

Related: GasFree Operation Guide | Lowering the participation threshold, TRON realizes direct payment of gas fees with stablecoin In the field of cryptocurrency, smooth trading experience is the cornerstone of ecological prosperity, but gas fees (mining fees) are always an invisible wall in front of users. In traditional blockchain networks, users must hold and consume native tokens (such as TRONs TRX) to pay for handling fees, which not only increases the complexity of operations, but is also likely to cause transaction failures due to insufficient gas fees or price fluctuations. Especially for novices, this mechanism is tantamount to a discouragement threshold. When the network is congested, the uncertainty of handling fee costs makes high-frequency traders miserable. Can on-chain transfers be as simple as sending an email, without worrying about gas fees? The TRON ecosystem has given the answer. The GasFree service officially launched by JustLend DAO has redefined…

#分析#比特幣# 加密# 脫機#交換#市場# 模因幣#代幣© 版權聲明文章版权归作者所有，未经允许请勿转载。 上一篇 It’s 2025, and VCs don’t want to invest in crypto-native projects anymoreRecommended Articles 下一篇 Pantera founder reveals the legendary Bitcoin price drop of $65Recommended Articles 相關文章 When Big Money Gets Serious, RWA’s Liquidity Issues Come to the Fore 6086cf14eb90bc67ca4fc62b 9,029 Strategy snapped up 10,000 BTC in a single week. How many are still available on the market? 6086cf14eb90bc67ca4fc62b 17,085 Weekly Editors Picks (0531-0606) 6086cf14eb90bc67ca4fc62b 28,693 2 He Yi: I opposed MEME, understood MEME, and finally became a MEME. The clown is me. 6086cf14eb90bc67ca4fc62b 19,036 Daily transaction volume hits a new high in the year, Alpha helps BNB Chain become the first stop for projects and funds 6086cf14eb90bc67ca4fc62b 32,991 Stablecoin, a cashless payment reform for 5 billion people 6086cf14eb90bc67ca4fc62b 24,499 1 暫無評論 您必須先登入才能發表評論！ 立即登入 暫無評論... Bee.com 全球最大的 Web3 入口網站 合作夥伴 CoinCarp Binance CoinMarketCap CoinGecko 幣活 盔甲 下載Bee Network APP開啟您的Web3之旅 白皮書 角色 常問問題 © 2021-2026.版權所有。. 隱私政策 | 服務條款 下載蜜蜂網路APP 並開始 web3 之旅 全球最大的Web3入口網站 合作夥伴 CoinCarp Binance CoinMarketCap CoinGecko Coinlive Armors 白皮書 角色 常問問題 © 2021-2026.版權所有。. 隱私政策 | 服務條款 搜尋 搜尋站內鏈上社群媒體新聞 熱門推薦： 擼毛打金 數據分析 必關大神 教我避坑 繁體中文 English 简体中文 日本語 Tiếng Việt العربية 한국어 Bahasa Indonesia हिन्दी اردو Русский 繁體中文

智能索引记录