Gate News Report, March 8 — Canton co-founder Yuval Rooz stated that most smart contract networks lack sufficient activity and revenue to support their multi-billion dollar valuations. Rooz believes that stablecoins can only truly achieve product-market fit when more than half of their usage is unrelated to cryptocurrency trading.

Odaily Planet Daily reports that DefiLama founder 0xngmi posted on the X platform stating that among projects that reach product-market fit (TVL exceeding $10 million or monthly fee income exceeding $1 million), projects that issue tokens have a 50% higher chance of failure compared to projects that do not issue tokens.

Pantera Capital Managing Partner Paul Veradittakit stated at Consensus 2026 that the firm manages assets worth $6 billion, with 2025 marking a record high in capital deployment. Although crypto trading volume declined, venture capital funding increased by 14%, and institutional Bitcoin holdings rose to 15%. Veradittakit predicts that 2026 will be the "Year of Utility" for cryptocurrencies, with investments focusing on AI and crypto integration, tokenized assets, and other areas. He recommends developers prioritize product fit and sustainable development.

PANews January 31 News, according to Coindesk reports, during this week's earnings call, executives from Visa and Mastercard both made cautious assessments of digital assets, especially stablecoins. They believe that stablecoins currently have little market fit in the realm of everyday consumer payments, particularly in highly digitalized markets. Both card organizations are experimenting with blockchain and stablecoins for settlement, but they believe that most cryptocurrency activities at present are trading and speculation, rather than posing a short-term threat or opportunity to their core businesses.

Odaily Planet Daily reports that Solana co-founder toly stated that if this model proves effective, he believes the optimal strategies for early-stage startups in capital formation may include three points: first, providing a staking mechanism for long-term holders; second, releasing more than 20% of the tokens on TGE day; third, it is best not to introduce investors, and if investors are involved, then fully unlocking 100% of the tokens on the same day one year after TGE. He mentioned that the remaining outcomes will depend on product-market fit (PMF).

Odaily Planet Daily reports that blockchain real estate technology company Titl announced the completion of a $2.5 million seed round of funding, led by Cofounders Capital and FIT Ventures. The company primarily uses artificial intelligence and blockchain technology for property rights verification. The new funds will support its business expansion, with plans to expand to 20 states in the United States by the end of the year. (PRNewswire)

PANews, December 9—At the close of the Hong Kong stock market, Hong Kong stocks fluctuated and fell today. The Hang Seng Index closed down 1.29% at 25,434.23 points, and the Hang Seng Tech Index closed down 1.9% at 5,554.68 points. Market turnover reached HK$210.236 billion. On the sector front, pharmaceutical stocks bucked the trend and strengthened, while the nonferrous metals sector led the declines. Commercial aerospace and elderly care concepts were among the top decliners, and tech and consumer stocks performed weakly. As for individual stocks, Ascletis Pharma (01672.HK) rose 18%, FIT Hon Teng (06088.HK) rose 11%, and JOINN Laboratories (06127.HK) rose 5.9%. On the other hand, Metallurgical Corporation of China (01618.HK) fell 21%, and China Molybdenum (03993.HK), Jiangxi Copper (00358.HK), Hua Hong Semiconductor (01347.HK), Pop Mart (09992.HK), and East Buy (01797.HK) also declined.

Farcaster is undergoing a major transformation of its core strategy, abandoning its long-held “social-first” approach in favor of in-app wallet and trading features as its primary growth engines. Co-founder Dan Romero stated in a recent announcement that for the past four and a half years, the team had been trying to drive growth through social interaction and a third-party client ecosystem, but had never managed to find a sustainable expansion model similar to Twitter (now known as X), resulting in a clear disconnect between the product and the market. Romero noted that the wallet feature launched earlier this year has become Farcaster’s strongest source of user growth to date, as well as the product with the fastest increase in user engagement. He emphasized that the wallet’s trading tools demonstrate the clearest and most stable product-market fit the platform has seen in five years, and therefore will become the core focus for future development. “We are now focused on building a truly outstanding wallet. Every new wallet user is a new protocol user.”

Odaily Planet Daily reports that during a discussion on the "current biggest problems in DeFi", users pointed out that the lack of tokens with sustainable income and demand, insufficient privacy, and the absence of unsecured lending are major challenges. In response, Solana founder Toly commented that privacy is not a core factor of product-market fit (PMF) and is not sufficient to significantly change user behavior.

On August 4, Jin10 reported that Sam Stovall, Chief Investment Strategist at CFRA Research in New York, stated that if President Trump appoints an extremely dovish individual to head the Bureau of Labor Statistics, thereby skewing the data in favor of government policy to some extent, Wall Street will abandon these data as soon as it detects any signs of manipulation. This will undoubtedly shake the notion of "American exceptionalism." The core reason the U.S. is seen as an ideal investment destination is the accuracy of its data— the government does not alter data to fit its agenda.