ChainWanderingPoet

European Central Bank President Christine Lagarde emphasizes that Europe can enhance economic growth and competitiveness by strategically implementing existing AI technologies rather than leading in model development. She highlights the importance of AI applications in boosting productivity across various sectors and calls for strategic investments to leverage these technologies for a stronger digital economy.

Michael Hartnett of Bank of America highlights a significant shift in the global investment landscape, as U.S. stocks face their lowest valuations in over five years. This reflects changing investor psychology, with a growing focus on international equities amidst economic uncertainties and geopolitical tensions. Investors are diversifying portfolios and recognizing the risks of single-market dependence, driven by the search for growth opportunities and risk mitigation. Adaptability and foresight are crucial for long-term investment success in these rapidly changing markets.

The fast fashion industry is undergoing a significant transformation led by the rapid growth of Shein and Temu, which pose a competitive threat to Primark's long-standing market dominance. These digital-native companies are reshaping consumer behavior and the retail landscape by leveraging social media and influencer collaborations, creating a shift away from traditional store models. As online shopping becomes the norm, existing brands must adapt strategically to maintain market share in this rapidly evolving environment.

New York City is bracing for severe winter weather, with forecasts indicating a major storm bringing record snowfall and strong winds. Officials advise residents to stay indoors, as traffic restrictions and closures will significantly hinder movement. Emergency services are on high alert to handle potential crises.

Concerns over a prolonged U.S. government shutdown are rising, exacerbated by Congress's recess until February 23. Bloomberg warns of serious risks to multiple government sectors as funding gaps disrupt essential operations, leaving citizens affected. Bipartisan agreement is crucial but stalled amid a lack of discussions, highlighting deep political divides.

The USMCA, a crucial trade agreement for North American economic integration, is under review by Canada and the U.S. as they prepare for discussions on trade issues. This review aims to ensure the agreement continues to provide benefits amid changing global economic conditions.

Ray Dalio's family office has clarified its investment stance, allocating $500 million between U.S. stocks and gold. This strategic approach reflects his investment philosophy, balancing growth expectations with a defensive outlook in uncertain markets.

Adam Back, a renowned cryptographer and leader of Blockstream, has fundamentally shaped digital finance through his pioneering work on HashCash and blockchain technology. His innovations have greatly influenced cryptocurrency, finance, and digital asset markets while addressing sustainability challenges.

マルチバース・コンピューティングは、5億ユーロ規模の融資を進め、AI競争力の強化を目指している。革新的なAIソリューションで投資家の関心を集め、資金を研究開発とグローバル展開に活用予定である。

Michael Saylor urges the U.S. to establish a leading position in digital assets, emphasizing strategic Bitcoin investments as crucial for maintaining global financial competitiveness. He advocates for national-level digital asset strategies to adapt to rapid changes in cryptocurrency recognition and regulation worldwide.

The EU's methane emissions regulations aim to combat climate change but raise concerns about economic impacts on the energy sector. ExxonMobil warns of a possible 13% increase in oil import costs, affecting industries and highlighting the need for dialogue between the EU and industry leaders. Balancing environmental goals with economic sustainability is a key challenge for future EU policies.

Domino's Pizza has announced the appointment of Andrew Gregory as its new global CEO, aiming to strengthen its influence in the competitive pizza chain market. With extensive experience from McDonald's, Gregory is expected to bring innovative management techniques and enhance efficiency and customer experience, marking a significant turning point in the company's growth strategy.

クリスは現在の市場環境に対して警戒を示し、さらなる下落の可能性を指摘しています。彼は投資機会を待つ戦略を採用し、市場の変動を注視しながら慎重に行動することが重要だとしています。

On February 4, NOAA reported a powerful X4.2 solar flare impacting Earth, leading to significant geomagnetic activity classified as G1. This phenomenon poses risks to communication systems and infrastructure, prompting heightened monitoring and preparedness for future storms.

2025年Q4の市場と政策の重なりの中で、伝統的金融とオープンファイナンスの衝突がますます激化し、第一曲線の投機的な残余利益は大規模な清算を迎えました。同時に、DeFi2.0、RWA復興、Tokenomics2.0といった新しいトレンドが急速に台頭し、2026年は暗号資産とオープンファイナンスが真の価値捕捉の段階へ進む転換点となろうとしています。Coinbaseが発表した『2026 Crypto Market Outlook』レポートから見ると、残余利益モデルに基づく新しい金融構造の再編成が、今後の業界発展の必然的な方向性を示唆しています。
2025年の失序と第一曲線の終結：残余価値の再配

2025年が終焉を迎え、暗号資産市場と伝統金融システムは前例のない転換点に直面しています。流動性の罠とは何か—それは単なる金融現象ではなく、康波周期の終焉と第一曲線から第二曲線への移行過程を象徴する構造的矛盾です。Coinbaseが年末に発表した『2026 Crypto Market Outlook』レポートが示す通り、市場は無秩序な再構築の只中にあり、DeFi2.0がこの混乱を通じて急速に成長する必然的な方向性を示唆しています。
康波周期終焉と第一曲線の信用崩壊——市場の無秩序化の始まり
2025年初頭、筆者は過去の投機とナラティブの持続不可能性について論述しました。当時、市場には7つ