"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:
Investment and Entrepreneurship
A brief discussion of the four stages of the bull market: We are entering the ecstasy period
The rhythmic signs of the four stages: rebirth, excitement, ecstasy, and disconnection.
Market FOMO sentiment is high, these indicators are worth paying attention to
One notable metric is the True Retail Long percentage, which is unusually low at 40% and in the 20th percentile over the past 90 days. In addition, open interest (OI) is at the 99th percentile. This dynamic echoes the situation on November 7, when the True Retail Long percentage was even lower at the 12th percentile and the OI was also high. Historically, low retail long positions in situations of high OI tend to lead to short positions being squeezed out, resulting in large rallies.
In derivatives market leverage data, top traders continue to favor long positions, with the leverage spread between average longs and shorts once again exceeding +10, a strongly bullish indicator.
In addition, other factors need to be considered comprehensively, such as fundamentals, policies, etc.
Unveiling the secrets of “news trading”: Buy the coin 2 seconds after it is listed and make tens of millions in 10 minutes?
The "basic operations" of Formula News are revealed - by writing scripts, renting servers, programming automatic trading programs, and then monitoring certain favorable events such as Binance listings and Upbit listings, it is often possible to reap considerable profits by being "one step ahead of others".
Airdrop Opportunities and Interaction Guide
Be the first to interact, an article to review the DePIN zero-cost projects
DAWN，Gradient Network，Rivalz Network，Nodepay，Nexus Network，Network 3，Uplink，BlockMesh Network，PinGo，Oasis AI，Functor Network，Teneo。
Meme
Meme super cycle, which targets are worth paying attention to?
The article is classified into dog series, frog series, other animals, and AI, and compares in detail the rebound and current market value of representative Meme coins since Trump took office.
Exclusive interview with Murad, the new king of Meme: The key to investing in Memecoin lies in community strength and "diamond hands"
Murad's personal experience and industry insights.
It is recommended to hold selected high-quality Memecoins for a long time. The key to investing in Memecoin lies in community strength and "diamond hands". Centralized exchanges are still the key source of liquidity for Memecoin. Solana is the preferred platform for Memecoin, but multi-chain is the future trend.
Since LTC was positioned as a Meme coin, it has soared. What can ordinary people do in the Meme super cycle?
Keep a steady mind, research the community, make diamond hands, and don't let anxiety distort your movements.
Also recommended: (Support narrative, re-entrepreneurship, Litecoin concept, what is the Meme market rushing towards?).
Bitcoin Ecosystem
BeWater Research｜Moving with the “interest”, what did BTCFi do right behind its ecological growth?
BTC LST represented by LBTC and SolvBTC.BBN has grown rapidly in recent months with the launch of Babylon, becoming another emerging force in the BTC-pegged asset market. The current BTC LST market size has reached 25.6K BTC.
Driven by the demand for interest-bearing underlying assets, the BTC liquidity staking and points derivatives market is gradually becoming a new growth point in the BTCFi field.
Core, BOB and Corn are representative growth cases in the BTCFi field in the second half of the year: Core focuses on the large-scale BTC LST assets in the growth period to leverage their strengths; Corn cooperates with Pendle to introduce point derivative gameplay to quickly seize the incremental market; BOB attracts liquidity by enriching the ecology and liquid staking services; the series of actions around "interest-bearing" in each ecology have greatly activated the liquidity of BTC assets.
With the gradual release of BTC liquidity in the future, the on-chain deposit scale of assets in the BTCFi ecosystem still has huge growth potential.
Ethereum and Scaling
Looking Ahead to 2024: A Year in Review of the Ethereum Ecosystem
At Devcon SEA, Josh Stark, a researcher at the Ethereum Foundation, reviewed the Ethereum ecosystem this year.
Hack VC: Gains and losses on Ethereum’s modularization journey
Ethereum’s shift to a modular architecture has led to a drop in ETH prices due to reduced fees and reduced token burns. The picture is different when looking at the total market cap of Ethereum and its modular ecosystem together. In 2023, Ethereum’s modular infrastructure tokens will generate a value comparable to Solana’s total market cap, around $50 billion. But in 2024, they underperform Solana overall. In addition, the gains from these tokens have primarily gone to the team and early investors, not to ETH token holders.
From a business strategy perspective, Ethereum’s modular transformation is about maintaining its ecosystem dominance. The value of a blockchain is reflected in the size of its ecosystem, and while Ethereum’s market share has fallen from 100% to 75% over the past nine years, it’s still quite significant (compare this to Amazon Web Services, the leader in Web2 cloud computing, which has fallen from nearly 100% to 35%).
In the long run, the biggest advantage of Ethereum’s modular strategy is that it enables the network to cope with future technological advances to avoid being eliminated. Through its Layer 2, Ethereum successfully survived the first major challenge of the Layer 1 blockchain, laying the foundation for its long-term resilience (although there are some trade-offs).
Why is Beam Chain a major boon to Layer2?
BeamChain is just an upgrade of BeaconChain, which does not affect the execution of Ethereum chain. It is still a proposal, and it is still a long way from being officially launched. It fully follows the roadmap of Ethereum. The emergence of BeamChain is entirely a series of necessary preparations to cater to the plan of Ethereum roadmap.
After SNARKs, the overall framework of Ethereum has changed from storing and computing to verify all data to only verifying Proof proofs, which naturally achieved a major expansion. However, this expansion is the result of the ZK-ization of the underlying data structure logic, and is not the same as the expansion of layer 2. One is responsible for reducing operating costs, and the other is responsible for traffic and user application scenarios.
Multi-ecology
Under the vision of “Trump’s Promise”, is there still hope for TON’s growth?
If Telegram Wallet takes on the CEX experience, TONSpace and DEX can interact on PC and mobile terminals, and Telegram's MiniApp and Bot will also be the trading front end of DEX or CEX functions. These designs meet the optimization of trading experience, but the native interaction part on the back-end chain is obviously backward.
For transactions on TON, the front-end entrance must exist in Telegram in large numbers. DEX still needs to increase the sophistication of its business like Jupiter, Balancer, etc., to achieve a balance for all users, whether they are users, token providers, liquidity providers, or platform developers. Each role requires certain refined functions to cooperate.
In this round, there is a need for practical help in ecological diversification, which requires the maturity of DEX and DeFi.
About to be officially launched, a glimpse into Unichain’s early ecosystem
The infrastructure is not yet perfect. For example, the gas cost of a cross-chain transfer is about 0.04 ETH (130 USD), and the gas cost of the on-chain swap is also relatively abstract. The developer then explained in the community that Unichain has not yet been officially launched.
As an L2 design, Unichain is mainly positioned to promote more efficient DeFi interactions. Currently, the ecosystem is mainly integrated on DEX, and subsequent infrastructure and applications will be integrated with the launch of the main network.
There is no innate meme culture on Uni. The memes on Unichain are most likely PVP, and the possibility of track-level alpha is very small.
Also recommended: (Detailed explanation of the winning projects in the seven tracks of the Solana Radar Hackathon) (At the time when SUI reached a new high, let’s talk about the differences between the three major Move public chains from the user’s perspective).
DeFi
Vitalik's new article: From prediction markets to information finance
Prediction markets as they exist today are an extremely useful tool for the world, with potential applications in social media, science, journalism, governance, and other fields. Information finance is a discipline that requires you to: start with a fact you want to know; and then deliberately design a market to extract that information from market participants in an optimal way.
Information finance will refine human judgment, the market is the "engine", and other non-financial trust mechanisms are the "steering wheel".
In addition to prediction markets, other use cases for information finance include personal tokens, advertising, scientific peer review, and public goods funding.
Many markets are likely to have a combination of AI and human involvement, especially if the volume for a particular problem suddenly goes from small to large.
After the US election, how long will the Polymarket and prediction market craze last?
In October, Polymarket's website received 35 million visits, twice the number of visits to popular gambling sites such as FanDuel. Its predictions for the US election were frequently cited by mainstream media such as the Wall Street Journal and Bloomberg. This growth shows that Polymarket has grown from a well-known project in the crypto space to a platform that can reach mainstream audiences, marking a long-awaited milestone in the public adoption of Web3.
As of November 3, there were a total of 327,000 users, with half of the registered users holding active positions. Of these active users, approximately 80,000 users are focused on markets related to the US election, while the remaining 247,000 users are involved in other market categories. This suggests that significant engagement in the non-election market reflects continued user interest in the platform, which is likely to support the platform’s continued growth and relevance even after the election cycle ends.
Polymarket has not yet confirmed its plans to issue a token. The company is exploring the possibility of introducing tokens for verifying the results of real-world events, but no official decision has been made.
NFT、GameFi
What are the highlights of OpenSea 2.0? Early testers reveal details of the new version
The upgrades include: a new user interface; an optimized Profile page; XP retroactive rewards will be distributed to users, and the first season of XP events will also be held; as users collect more and more XP, the true value of XP will become more and more prominent.
The challenges facing OpenSea are multi-dimensional. On the one hand, it needs to compete with Blur for market share and user resources. On the other hand, OpenSea needs to find an effective way to reignite consumers' interest in NFT.
In-depth revelation: Who killed the vitality of Telegram mini-games?
The MAU of 820 Telegram projects has dropped sharply, and the trend is unstoppable. Among the 820 projects, 249 projects showed an increase in October, while 491 projects fell.
The appeal of old projects is gradually weakening, and the growth momentum of new projects is insufficient. The entire ecosystem is in urgent need of new stimulation and direction. From top projects to small projects, none can avoid the impact of declining activity. This trend reflects that the current ecosystem lacks user stickiness and innovation driving force, and urgently needs new strategies and narratives to stimulate growth and regain user trust.
Web3 & AI
Interpretation of Binance AI Agent Report: Greatness is revealed at first, but it is often just a toy
The cross-fertilization of AI and cryptocurrencies has reached new heights, driven primarily by AI agents; the momentum is strong and may see significant growth in the coming weeks and months.
The essential characteristic of AI agents is that they can plan and execute tasks autonomously, working towards a set goal without human intervention.
Traditional banking and payment methods usually require manual identity verification, making cryptocurrency a natural choice for the AI agent economy.
But current crypto AI agents are closer to demonstration than real-world application.
Hot Topics of the Week
In the past week, BTC has repeatedly hit new highs (collection of opinions from all parties); the "Musk transaction" once swept the speculative market, affecting Dogecoin, Tesla and related funds;
In addition, in terms of policy and macro market, Powell: Will not leave the Federal Reserve due to Trump's request; Trump: Elon Musk and Vivek Ramaswamy will lead the government efficiency department; Elon Musk: All actions of the government efficiency department will be announced online to achieve maximum transparency; Elon Musk's campaign organization spent $200 million to support Trump's campaign; Trump proposed to pay Harris's $20 million campaign debt; The US Department of Justice accused Polymarket of allowing US users to trade and launched an investigation into it; Gary Gensler delivered a "review" speech; The Hong Kong Stock Exchange launched a series of virtual asset indexes; South Korea's financial sector investigated Upbit's KYC violations;
In terms of opinions and voices, a16z crypto: Under the new crypto regulatory environment, tokens are expected to become "legal and compliant" tools; CZ: As Bitcoin continues to hit record highs, investors should properly manage risks; Bitwise CEO: The rise in Bitcoin prices will not trigger concerns similar to overvaluation of stocks; PlanB: Bitcoin is entering the vertical rise phase of the S curve, suggesting that the bull market has arrived; Glassnode: If Bitcoin approaches $94,900, it may show a slowdown in demand; CryptoQuant CEO: Bitcoin in the price discovery stage is more prone to sharp rises and falls; Michael Saylor: Bitcoin will not pull back to $60,000, it will continue to rise, and $100,000 is in sight; Standard Chartered Bank analyst: It seems "inevitable" that SOL will hit a new high before the end of the year, and its performance may exceed Bitcoin; Snowden called for decentralization and questioned the potential impact of VC on Solana; Bankless co-founder: Justin Drake's proposal may involve adding native zkEVM to Ethereum; Solana co-founder Anatoly Yakovenko: Execution is the only moat, and commercialization is the key to success;
In terms of institutions, large companies and leading projects, Tether launched Hadron, an asset tokenization platform; Justin Drake, a researcher at the Ethereum Foundation, proposed Beam Chain, the final design of Ethereum, at Devcon; ENS Labs plans to launch its L2 network Namechain by the end of next year; PYUSD uses LayerZero to simplify transfers between Ethereum and Solana; Dune acquires smlXL supported by a16z and launches a new product Dune Echo; LTC has risen sharply in a short period of time since it was positioned as a Meme coin, and many projects followed suit; XION launched a token airdrop query; Hamster Kombat: Season 2 is about to start, and plans to change the game mechanism and economic model; the founding team of the blockchain game Parallel announced that it will actively extend the token lock-up period by 10 years; after McDonald's hinted that it would cooperate with Doodles, the floor price of Doodles rose by more than 50% in a single day;
According to the data, on November 12, hedge funds tried to profit from the spread of BTC basis trading, and the CME basis was currently close to 18%;
On the security front, the official X account of the WIF community was suspected to have been stolen... Well, it's another week of witnessing history.
Attached is a portal to the (Weekly Editor's Selection) series.
Reunion in the second half~
