Investment Memos
- 01Oct 16, 202544 mincryptoliquidation
The 1011 Crypto Storm: The Largest Liquidation Event in Cryptocurrency History
The October 10-11, 2025 crypto crash resulted in a staggering $19.3 billion liquidation of leveraged positions, revealing vulnerabilities in market structures while showcasing the resilience of decentralized protocols. This event, triggered by unexpected tariffs, highlights the evolving dynamics of the cryptocurrency market.
Read more → - 02Aug 24, 20254 minbitcoinethereum
August 25, 2025 BTC and ETH Market Overview
Bitcoin faces a sharp decline due to a massive whale sell-off, while Ethereum reaches a new all-time high driven by institutional interest. Analyze the contrasting market dynamics and their implications for trading strategies.
Read more → - 03Aug 12, 20256 mincryptobitcoin
Mid-August 2025: Is Crypto Still a Buy? A Concise Research Note
The current state of the crypto market highlights Bitcoin's resilience and the potential for strategic investments in BTC, ETH, and SOL, driven by macroeconomic factors and evolving market conditions.
Read more → - 04Aug 5, 20258 mintechnical analysisinvesting
Riding the Trend: Mastering the Market with Stan Weinstein's Stage Analysis
Master market trends with Stan Weinstein's Stage Analysis, a straightforward framework that categorizes asset price movements into four distinct stages, guiding investors on when to accumulate, ride, distribute, and avoid losses.
Read more → - 05Aug 1, 20258 mincryptocoinbase
What Coinbase’s Q2 2025 Tells Crypto Founders & Investors About the Next Cycle
Coinbase's Q2 2025 results reveal a significant shift in the crypto landscape, highlighting a decline in centralized exchange trading and a rise in decentralized finance. Insights from the exchange's performance provide critical guidance for founders and investors navigating the evolving market dynamics.
Read more → - 06Aug 1, 20257 minmarket analysiseconomic trends
The Summer Squall: A Reality Check for Overheated Markets
A sudden market pullback reveals the fragility of recent gains, driven by macroeconomic realities, policy shifts, and investor sentiment. The surge in Figma's valuation highlights the risks of overexuberance in an overheated market.
Read more → - 07Jul 21, 20257 minfigmaipo
Figma's IPO: A Golden Ticket or a Valuation Trap?
Figma's IPO marks a significant moment in the tech landscape, revealing its valuation, fundraising goals, and implications for investors. The company aims to raise $1 billion with a valuation of $16.4 billion, making it a critical event for designers and the SaaS industry.
Read more → - 08Jul 8, 20258 mininsidercryptocurrencyInsider
Crypto Market Observations (2023-2025): Navigating a Fragmented and Chaotic Landscape
Between 2023 and 2025, the cryptocurrency market has experienced unprecedented fragmentation and chaos, presenting immense challenges and opportunities for investors. This article analyzes the performance gap between Bitcoin and altcoins and the underlying structural factors, offering profound insights and observational frameworks for future investment.
Read more → - 09Jul 5, 202511 mininsiderblockchainInsider
Talus Network Investment Memo
Talus Network secures a $6M investment round at a $150M valuation, focusing on AI smart agents and leveraging the MoveVM for optimal blockchain performance.
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About Tian Pan
I'm Tian Pan, an engineer-founder focused on agentic engineering — building autonomous AI systems and scaling engineering teams. I write practical guides on system design, technical leadership, and shipping with AI agents. Previously an early engineer at Uber, Brex, and IoTeX.
