"Weekly Editor's Picks" is a "functional" column of Odaily Planet Daily. In addition to covering a large amount of real-time information every week, Planet Daily also publishes a lot of high-quality in-depth analysis content, but they may be hidden in the information flow and hot news, and pass you by.
Therefore, every Saturday, our editorial department will select some high-quality articles that are worth spending time reading and collecting from the content published in the past 7 days, and bring new inspiration to you in the crypto world from the perspectives of data analysis, industry judgment, and opinion output.
Now, come and read with us:
invest
Arbitrage trading, the hidden driving force behind the boom in the crypto market
In the cryptocurrency space, arbitrage trading often takes the form of borrowing stablecoins to invest in DeFi. Although the returns are high, they also come with significant risks due to volatility. Arbitrage trading can enhance market liquidity, but may lead to violent fluctuations during crises and exacerbate market instability. In crypto markets, this could trigger a speculative bubble. Therefore, risk management is crucial for investors and businesses using this strategy.
Innovations such as yield tokenization and decentralized liquidity are shaping the future of arbitrage trading in cryptocurrencies. However, the potential rise of anti-arbitrage mechanisms poses challenges that require the development of more resilient financial products to address.
Meme and Ton mini-games are devouring the market, is this an "industry cleanup" that goes beyond CEX?
From the user's perspective, the endless Meme and Ton mini-game projects have almost swallowed up the market. This is not just a problem for any CEX, but the entire market is going through a painful period of adjustment. Meme and Ton mini-games are like lighting a box of gorgeous fireworks. User flow, incremental funds, and attention are all immediate. The accounts look good for a while, but they are also accelerating the draining of market liquidity and overdrawing users' trust in exchanges and Crypto.
The exchange is not a referee; it looks at the emotional value of the community and retail investors.
As the market recovers, which sectors become the bright new stars?
Sui ecology, CZ released from prison, AI sector, and modularization.
When Binance intensively launches "old coin" contracts, how can ordinary users gain the most benefits?
The first minute after the announcement is the highest point within 24 hours. The most stable strategy is to hold short positions for a long time after the contract goes online.
Entrepreneurship
The evolution of DeFi: Why humanization is more important than digital growth?
The community can be divided into three levels:
1% are the developers, builders, and teams who are the creators.
9% are users, authors, funds, researchers and angel investors who are keen to observe this field and make some comments. Although they are not part of the team, they are not novices who are just passing by.
90% are random traders and speculators who usually don't read the documentation. They follow the headlines, buy and sell cryptocurrencies, but don't care to do in-depth research. They are not stupid, they just don't have an attachment to any investment. For them, fundamentals usually don't matter, they only focus on price action.
A small number of high-level contributors are often more valuable than thousands of fans or critics. These core members, who are closely connected by common intrinsic values (preferably on-chain), often have a more lasting impact despite the higher upfront investment required.
Engage your community directly and personally — 20 well-directed direct messages can often generate more immediate results than a tweet to 20,000 followers. While this approach doesn’t scale easily, it’s essential in the early stages of building a vibrant and healthy community.
A strong community is not only a rich source of recruitment, but is also particularly suitable for attracting non-engineering talent. If your project is not attracting talent from the community, you may need to rethink how to better combine community building with recruitment efforts.
Viewpoint: Encryption applications should focus less on technology and more on demand
Most consumer apps can be divided into three categories: enrichment, social, and entertainment, as well as their intersections. User onboarding and retention are two key moments for a good app, especially retention. Therefore, design for the right community from the beginning. Innovation should be reflected in the user experience, not the technology itself. Make good use of existing modules.
Meme
Two thousand smart address data summarizes the characteristics of Ethereum Meme big winner: Diamond hand or PvP | Produced by Nanzhi
Characteristics of top players: super diamond hands, 40%-45% winning rate, profit and loss ratio of 1:5 or more.
PEPE lost its key support level, where is the opportunity to buy at the bottom?
Prices may fall further in the short term, but as the fourth quarter approaches, PEPE is expected to have a rebound opportunity.
For investors who are optimistic about the token in the long term, the current price trend may be a good opportunity to increase holdings, and emerging Pepe products such as Pepe Unchained will also become the focus of the market. Short-term investors should remain cautious and avoid high-risk operations under the pressure of the bear market.
Bitcoin Ecosystem
A look at the top 10 Bitcoin holding entities
Insight into Bitcoin L2 Ecosystem: Sidechains and Rollups Become the Mainstream, and Top Projects Raise Millions of Dollars
There are many Bitcoin Layer 2 projects, and even "inflation" has appeared. The technical routes adopted by each project are different. Well-known Bitcoin Layer 2 projects such as Stacks and Rootstock were established relatively early and have been exploring related technologies for a long time, but the projects currently lack more highlights.
As the Bitcoin basic protocol matures, projects such as Merlin, RGB++, and Babylon are making the Bitcoin ecosystem more capable of doing more, which also brings more possibilities for the development of Layer 2.
The narrowing of Layer 2 technical standards may be a trend of future development.
Also recommended: "BTC (Re)staking supply-side competition intensifies, wrapped BTC scrambles to seize the WBTC market."
Ethereum and Scaling
Ethereum’s 10-year power transition: 3 reshuffles, “midlife crisis” and de-Vitalikization
An introduction to all the high-ranking officials in Ethereum history.
BitMEX Alpha: Revisiting Ethereum
There are three catalysts for ETH’s potential rebound: EigenLayer’s $EIGEN token is about to start trading; gas reaches its highest level in 6 months; Vitalik Buterin becomes active again.
Understanding Puffer UniFi AVS: From Preconfs to the next decade of Ethereum?
Puffer UniFi AVS, as a pre-confirmation technology solution with innovative mechanism design, is the most critical step of "Based Rollup+Preconfs" at present:
For users, Puffer UniFi AVS brings a near-instant transaction confirmation experience, greatly improving the user experience and laying a solid foundation for the popularization and widespread adoption of Based Rollup;
For pre-confirmation service providers, it strengthens the reward and punishment mechanism through on-chain registration and penalty mechanisms, improving efficiency and credibility within the ecosystem;
For L1 verification nodes, it opens up additional income channels, increases the attractiveness of participating in node verification, and further strengthens the economic incentives and legitimacy of the Ethereum mainnet.
Multi-ecology and cross-chain
Recommended: "Singapore Breakpoint Review: 43 Key Solana Project Updates".
Sui is in the limelight. Will it become the next Solana?
On-chain data: Sui is better than Solana in 2021; Social media influence: Sui lacks a "celebrity spokesperson"; Grasping the trend: Solana still occupies the main market of MEME; Capital boost: The two come from the same school; Market performance: The market trends do have similar experiences.
Also recommended: "Sui sets off a meme trend, a quick article on trading tools and popular tokens."
TON Head of Asia Developer Relations: What should developers build on TON?
The core of TON and Telegram should always revolve around three pillars: social, payment, and finance (large user base + seamless cross-platform functionality + powerful value transfer).
Areas to watch Promising areas include credit card cashback and gift card businesses, RWAs, Earn products, Launchpool type initiatives, or companies focused on offline QR code payment solutions.
DeFi
DeFi Renaissance Underway: What changes have taken place in the fundamentals of the track?
There are multiple factors that point toward a DeFi resurgence.
On one hand, we are witnessing the emergence of multiple new DeFi primitives that are more secure, scalable, and mature than they were a few years ago. DeFi has proven its resilience and established itself as one of the few sectors in crypto with real-world use cases and real adoption.
On the other hand, the current monetary environment is also supporting the revival of DeFi. This is similar to the background of the last DeFi summer, and the current DeFi indicators suggest that we may be at the starting point of a larger upward trend.
Messari Researcher: Overview of the various products and features in the stablecoin market
The price of the coin doubled, TVL returned, and we re-analyzed Aave, the first veteran leader to recover
Key catalysts for AAVE to surpass other altcoins include stakers sharing protocol revenue, partnership with BlackRock, entry into Solana, leadership position and brand credibility.
Although AAVE has seen significant gains recently, its price remains undervalued.
GameFi、SocialFi
Delphi Digital report: Web3 game overall funding declined, but activity remains strong
More than 50 games were launched in 2024, including significantly profitable projects such as Xai, Pixels, and Notcoin.
Shooting games are still the mainstream genre in Web3.
Among MMORPGs, the most anticipated game is MapleStory Universe.
Mobile games such as King of Destiny and Matr1x Fire have grown rapidly, attracting hundreds of thousands of users. Matr1x Fire has surpassed 3.5 million downloads.
Ronin and the TON ecosystem are at the forefront of the Web3 game.
Farcaster Top 100 Celebrities: Building a High-Quality Feed
Initially, Warpcast adopted an invitation system. Dan Romero checked Twitter private messages one by one and invited users to join. The founder manually onboarded the first 10,000 users, who were roughly divided into three categories: Coinbase, VCs such as a16z, and the Ethereum ecosystem. The freeloaders came and went, but Warpcast remained the same.
In contrast, Twitter is like public media, and Farcaster is like a circle of friends - Twitter influencers are generally encouraged to output Alpha information, project research, and industry insights, while Farcaster influencers prefer to talk about new products or ideas, life insights, and life thoughts.
Hot Topics of the Week
In the past week, Fortune: CZ was released early, and his lawyer said he was unwilling to be interviewed immediately; Ethereum Meme reappeared "a hundred dogs barking", "Hippo" single-handedly rescued Solana, and the zoo market hit after three years;
In addition, in terms of policies and macro markets, Biden: The Federal Reserve is expected to continue to cut interest rates; Harris promised to make the United States dominant in the blockchain field and reiterated support for digital assets; the U.S. SEC approved BlackRock's Bitcoin spot ETF option trading; on September 21, the RMB exchange rate against the U.S. dollar approached the 7.0 mark, and the USDT over-the-counter exchange rate fell to 6.94; the Governor of the Bank of Japan: If trend inflation rises as predicted, it is appropriate to raise interest rates; the Japanese Financial Services Agency plans to reform crypto game regulations, which may make it easier for companies to "handle" in-game crypto assets; foreign media: Former Apple design director confirmed that he is developing new equipment with OpenAI, and iPhone veterans have joined;
In terms of opinions and voices, VanEck analysts: Harris' presidency may be more beneficial to Bitcoin; Bank of America: The current market reaction to the Fed's 50 bp rate cut seems to be following the script of "soft rate cut" or "panic rate cut"; US congressmen criticized Gary Gensler as the most "destructive" and "lawless" chairman in the history of the SEC; Arthur Hayes: The accuracy rate of macroeconomic forecasts in recent years is only 25%, but crypto investments are still profitable; Vitalik: "Reducing L1 slot time" is worth discussing, but it needs to be done with caution to avoid damaging independent pledgers; Vitalik: The realization of the concepts of "popup city" and "network states" still requires solving governance and membership issues; Aave co-founder: There is no proposal to divest wBTC, and Sky may bear legal responsibility for forced divestiture;
Regarding institutions, large companies and leading projects, Circle CEO: is promoting IPO and plans to move its headquarters to Wall Street next year; Binance launches pre-market trading services; Blast launches global deposit layer GDL, supporting deposits to any Blast address or DApp through multiple CEX and fiat currency deposit channels; Ethena plans to cooperate with Securitize to launch a new stablecoin UStb, supported by BlackRock BUIDL; Jupiter is promoting the second major vote (J4J#2) on the disposal of its token JUP to decide the disposal results of approximately 215 million JUP (approximately US$190 million); ether.fi Foundation: ETHFI airdrop in the third quarter is open for application; Pencils Protocol is open for application for airdrop; LayerZero: ZRO airdrop claim period has ended, and unclaimed tokens will be redistributed; Magic Eden will launch ME tokens on Solana; Stacks Foundation: Nakamoto activation is expected to take place on October 9; Hamster Kombat: 88.75% of HMSTR can be claimed on the first day, 2.3 million users were banned for cheating, and token distribution caused controversy; TERMINUS led the "Mars Tide" Meme coin outbreak;
In terms of data, IntoTheBlock: USDT’s market value is nearly 120 billion US dollars, a record high; Three Arrows Capital and Alameda Research need 3 years to sell all their unlocked WLD... Well, it’s another week of ups and downs.
Attached is a portal to the “Weekly Editor’s Picks” series.
Reunion in the second half~
