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Original author: Wenser, Odaily
Original Title: "Physical BTC" Emerges, A 20,000 Times Investment Miracle Lasting 13 Years
The crypto world has never been short of investment miracles, especially on the "one true god" - BTC, where countless wealth creation stories have unfolded among early BTC holders. Known as "digital gold," BTC has gradually reached a price level equivalent to one kilogram of gold.
Legendary is the fact that in May of this year, a Bitcoin forum user named John Galt claimed to have bought a piece of "physical BTC" resembling a gold bar for $500 in 2012, which holds 100 BTC worth of assets, and successfully exchanged it for $10 million this May. Countless onlookers thought this was yet another "entity B

Crypto Assets are gradually becoming mainstream, with institutional adoption accelerating. Regulation and Central Bank Digital Currency (CBDC) are promoting the development of Crypto Assets, while the combination of artificial intelligence and Blockchain, along with zk-SNARKs technology, enhances data security and privacy. The future will be a new era of digital finance that is safer and more open.

Bitcoin reserve companies have their stock prices significantly higher than their net asset value (NAV) due to the ability to increase their Bitcoin holdings through leveraged financing, resulting in a premium. This model relies on capital market access, market enthusiasm, and narrative value; however, if the premium disappears, it may lead to weakened financing capabilities, thereby affecting the company's development.

Daily selected Web3 news for you by the Bitpush editor:
[OpenAI: "OpenAI Token" is not equity in OpenAI, there is no cooperation with Robinhood, nor is it endorsed by them.]
According to Bitpush news, the artificial intelligence company OpenAI released a statement on Wednesday (July 2) refuting the actions of the trading platform Robinhood in providing tokenized versions of its private company shares. OpenAI clearly stated on its X platform (formerly Twitter): "These 'OpenAI tokens' are not equity of OpenAI. We have no collaboration with Robinhood, have not participated in this matter, and do not endorse it. Any transfer of OpenAI equity must be approved by us - we have not approved any transfers."
On Monday, Robinhood co-founder and CEO Vlad

Author: Matt Levine (Matt Levine)
Author Introduction:
Matt Levine is a columnist for Bloomberg Opinion. He was a Goldman Sachs investment banker, a mergers and acquisitions lawyer at Wachtell, Lipton, Rosen & Katz, a clerk for the U.S. Court of Appeals for the Third Circuit, and an editor at Dealbreaker.
The following is the original text:
First, let me briefly summarize the history of the public stock market in the United States:
In the early years, anyone could raise funds for a project by selling shares to the public, and many did so, often accompanied by false promises.
This phenomenon peaked in the 1920s, as people rushed to buy stocks and borrowed money to speculate on leverage. Subsequently, the stock market crashed, and the Great Depression arrived. To restore market confidence, Congress passed a series of laws, particularly the Securities Act of 1933 and the Securities Exchange Act of 1934.

Written by: Ray Dalio
Compiled by: White55, Mars Finance
Original title: Bridgewater founder: The most important principle when thinking about massive government debt and deficits
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The principles are as follows:
When national debt is excessive, lowering interest rates and devaluing the currency in which the debt is denominated is the most likely priority path that government decision-makers will take, so it is worth betting on this scenario.
At the time of writing this article, we know that there is an expectation of a huge deficit and a significant increase in government debt and debt repayment expenditures in the future. (You can see this data in my works, including my new book "How Nations Go Bankrupt: The Big Cycle"; I also shared last week my thoughts on why I believe the U.S. political system cannot control the debt issue). We know that the cost of debt repayment (paying interest and principal) will grow rapidly, squeezing other expenditures, and we also know that, in the most optimistic scenario, the increase in debt demand is accompanied by the need to sell debt.