Deep Tide TechFlow

537 American unicorns still carry the old valuations from 2021-22, and "AI native" is shifting from a bonus to a risk point being exposed. Investors are starting to ask: What is left after you remove your AI label?

Morgan Stanley: The storage runway is the longest, the server cycle is further back, and the PC opportunity has passed.

AI Narrative Reversal: From "Disrupting Security Software" to "Creating New Attack Surfaces"

ZAMA's V-shaped reversal: a three-layer breakdown of subsidies, double counting, and real demand

The direction is already irreversible.

Three platforms, three models, three progressive levels of ambition.

The old projects that could only talk about performance now have monthly updated trading income. This is the more valuable change in this market cycle.

Ethereum Glamsterdam upgrade testnet Platåberget is open: Gas repricing, ePBS, and contract size expansion triple reconstruction, any hardcoded Gas limit wallets, indexers, and estimators will become directly invalid.

Five industry veterans reflect on the past eight years, reassessing choices, persistence, and industry changes amidst cyclical shifts.

Circle Arc mainnet launched on September 16: Traditional financial giants stationed at verification nodes, USDC native Gas + sub-second finality consensus, the underlying operating system battle for stablecoin payment infrastructure, Circle personally steps in to define the answer.