Gate News message. On April 14, the prediction platform Kalshi released a video teaser, announcing that it will launch a new product on April 27. The video shows a green spiral gradually forming an everlasting ring, finally displaying the words "Timeless" (eternal). The community speculates that this update may be introducing an open-ended perpetual prediction market without an expiration date, breaking through the existing time-limit constraints of Kalshi’s event contracts, and improving trading flexibility.

Culper Research released a report stating that the Ethereum network may fall into a "death spiral" as scalability improvements reduce transaction fee revenue, threatening the token economic model and potentially negatively impacting network security. The report also points out that companies holding large amounts of ETH face valuation risks, while Ethereum co-founder Vitalik Buterin selling ETH has further dampened market sentiment.

Golden Finance reports that Ki Young Ju, founder and CEO of CryptoQuant, stated on social media that selling BTC when the mNAV (the ratio of the company's value to the value of its held Bitcoin) is below 1 is not a wise move. While this action may benefit MSTR shareholders in the short term, it will ultimately harm BTC, thereby also damaging MSTR's interests and creating a death spiral. Previously, the CEO of Strategy stated, "I will only sell Bitcoin when the mNAV falls below 1 and financing is not possible."

PANews December 1 news, Sandeep Nailwal, co-founder of Polygon and CEO of Polygon Foundation, posted on the X platform stating: "I hope Strategy (MSTR) does not become the protagonist of the 'LUNA disaster' in this cycle. This industry can no longer endure another publicly staged death spiral involving Wall Street and retail investors. Hopefully, Michael