"Weekly Editor's Picks" is a "functional" column of Odaily Planet Daily. Based on the extensive coverage of real-time information each week, the Planet Daily also publishes many high-quality in-depth analysis articles, but they may be hidden in the information flow and trending news, passing you by.
Therefore, our editorial team will select some quality articles worth spending time reading and saving from the content published in the past 7 days every Saturday, providing you with new insights from the perspectives of data analysis, industry judgment, and opinion output, as you navigate the crypto world.
Now, let's read together:
Investment and Entrepreneurship
A Brief Discussion on the Four Stages of a Bull Market: We Are Entering the Euphoria Phase
The rhythm of the four stages: Rebirth, Excitement, Euphoria, and Disconnection.
Market FOMO is Rising, These Indicators Are Worth Noting
One noteworthy indicator is the True Retail Long percentage, which is unusually low at only 40%, sitting in the 20th percentile over the past 90 days. Additionally, 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, while OI was also high. Historically, low retail long positions in the context of high OI often lead to short positions being squeezed out, resulting in significant price increases.
In the derivatives market, leverage data shows that top traders continue to favor long positions, with the average leverage difference between longs and shorts exceeding +10 again, which is a strong bullish indicator.
Other factors, such as fundamentals and policies, also need to be considered.
Unveiling "News Trading": Buy 2 Seconds After Listing, Make Millions in 10 Minutes?
Revealing the "basic operations" of news trading—by writing scripts, renting servers, and coding automated trading programs, then monitoring certain positive events like listings on Binance and Upbit, one can often reap considerable profits by being "one step ahead."
Airdrop Opportunities and Interaction Guide
Get Ahead with Interaction: A Summary of DePIN Passive Earning 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 Assets Are Worth Watching?
The article categorizes by dog series, frog series, other animals, and AI, providing a detailed comparison of the rebound of representative Meme coins since Trump took office and their current market values.
Murad's personal experiences and industry insights.
It is recommended to hold selected high-quality Memecoins for the long term. The key to investing in Memecoins lies in community strength and "diamond hands." Centralized exchanges remain a key source of liquidity for Memecoins. Solana is the preferred platform for Memecoins, but multi-chain is the trend for the future.
After Self-Positioning, LTC Soars: What Can Ordinary People Do During the Meme Super Cycle?
Stay calm, study the community, be a diamond hand, and don't let anxiety lead to impulsive actions.
Also recommended: Supporting Narratives, Re-Entrepreneurship, Litecoin Concepts: What Is the Meme Market Charging Towards?.
Bitcoin Ecosystem
BTC LSTs represented by LBTC and SolvBTC.BBN have seen rapid growth in recent months alongside the launch of Babylon, becoming another emerging force in the BTC collateralized asset market, with the current market size of BTC LST reaching 25.6K BTC.
Driven by the demand for yield from underlying assets, BTC liquid staking and points derivative markets are gradually becoming new growth points in the BTCFi space.
Core, BOB, and Corn are representative growth cases in the BTCFi field over the past six months: Core focuses on large-scale BTC LST assets during the growth phase; Corn collaborates with Pendle to quickly capture the incremental market by introducing points derivative gameplay; BOB attracts liquidity through a rich ecosystem and liquid staking services; various ecosystems' series of actions around "yield" have greatly activated the liquidity of BTC assets.
In the future, as BTC liquidity is gradually released, there remains significant growth potential for the on-chain accumulation of assets in the BTCFi ecosystem.
Ethereum and Scalability
Looking Ahead to 2024: Annual Review of the Ethereum Ecosystem
At Devcon SEA, Ethereum Foundation researcher Josh Stark reviewed this year's Ethereum ecosystem.
Hack VC: The Gains and Losses of Ethereum's Modular Path
Ethereum's shift to a modular architecture has led to a decline in ETH prices due to reduced fees and a decrease in token burn. However, when considering the total market value of Ethereum and its modular ecosystem, the situation is different. In 2023, the value generated by Ethereum's modular infrastructure tokens was comparable to Solana's total market value, around $50 billion. However, in 2024, their overall performance is expected to lag behind Solana. Additionally, the profits from these tokens primarily flow to teams and early investors rather than ETH token holders.
From a business strategy perspective, Ethereum's modular transformation aims to maintain its ecosystem's dominance. The value of a blockchain is reflected in the scale of its ecosystem, and although Ethereum's market share has decreased from 100% to 75% over the past nine years, this proportion remains quite significant (comparable to Amazon Web Services in the Web2 cloud computing space, which saw its market share drop from nearly 100% to 35%).
In the long run, the greatest advantage of Ethereum's modular strategy lies in its ability to adapt to future technological advancements to avoid obsolescence. Through its Layer 2, Ethereum successfully navigated the first major challenge of Layer 1 blockchains, laying the foundation for its long-term resilience (despite some trade-offs).
Why is Beam Chain a Major Benefit for Layer 2?
BeamChain is merely an upgrade to BeaconChain and does not affect the execution of the Ethereum chain. It is still just a proposal and is far from official launch, fully adhering to Ethereum's roadmap. The emergence of BeamChain is entirely to make a series of necessary preparations in line with Ethereum's roadmap.
After SNARKs, Ethereum's overall framework shifted from verifying all data to only verifying proof, naturally achieving a significant expansion. However, this expansion is a result of the underlying data structure logic being ZK-ified, and it is not on the same dimension as Layer 2 expansion; one focuses on reducing operational costs, while the other addresses traffic and user application scenarios.
Multi-Ecosystem
Under the "Trump Commitment" Vision, Is There Hope for TON's Growth?
If Telegram Wallet takes on the CEX experience, TONSpace and DEX can interact on PC and mobile, while Telegram's MiniApp and Bot will also serve as the trading front end for DEX or CEX functions. These designs optimize the trading experience, but the backend's on-chain native interaction is clearly lagging.
Transactions on TON must have a significant front-end presence within Telegram. DEXs need to increase the level of business refinement, like Jupiter and Balancer, to achieve balance among all users, whether they are users, token providers, liquidity providers, or platform developers. Each role requires a certain level of refined functionality to cooperate.
In this round, there is a need for practical assistance in diversifying the ecosystem, which requires the maturation of DEX and DeFi.
Official Launch Approaching: An Overview of Unichain's Early Ecosystem
The infrastructure is not yet fully developed; for example, a cross-chain transfer's gas fee is about 0.04 ETH ($130), and the gas for swaps on-chain is also quite abstract. Developers later explained in the community that Unichain has not officially launched yet.
Unichain, designed as an L2, primarily aims to facilitate more efficient DeFi interactions. The current ecosystem integration mainly focuses on DEX, with subsequent infrastructure and applications to be integrated as the mainnet goes live.
There is no inherent meme culture on Uni, and the memes on Unichain are likely to be PVP, with a low probability of emerging as track-level alpha.
Also recommended: 《Detailed Explanation of the Seven Award-Winning Tracks of Solana Radar Hackathon》《Discussing the Differences Among the Three Major Move Public Chains from the User's Perspective Amid SUI's New High》。
DeFi
Vitalik's New Article: From Prediction Markets to Information Finance
The existing prediction markets are a very useful tool for the world, with the potential to be applied to social media, science, news, governance, and other fields. Information finance is a discipline that requires you to start with the facts you want to know; then deliberately design a market to optimally obtain that information from market participants.
Information finance refines human judgment, with the market acting as the "engine" and other non-financial trust mechanisms serving as the "steering wheel."
Beyond prediction markets, other use cases for information finance include personal tokens, advertising, scientific peer review, and public goods funding.
Many markets may have a combination of AI and human participation, especially in cases where the volume of specific issues suddenly increases from small to large.
How Long Will the Wave of Polymarket and Prediction Markets Last After the U.S. Election?
In October, Polymarket's website traffic reached 35 million visits, double that of popular betting sites like FanDuel. Its predictions regarding the U.S. election have been frequently cited by mainstream media such as The Wall Street Journal and Bloomberg. This growth indicates that Polymarket has evolved from a well-known project in the crypto space to a platform capable of reaching mainstream audiences, marking a long-awaited milestone in public adoption of Web3.
As of November 3, there were a total of 327,000 users, half of whom maintained active positions. Among these active users, about 80,000 focused on markets related to the U.S. election, while the remaining 247,000 engaged in other market categories. This indicates that significant participation in non-election markets reflects users' ongoing interest in the platform, which may support its continued growth and relevance even after the election cycle ends.
Polymarket has not yet determined plans for issuing tokens. The company is exploring the possibility of introducing tokens to verify the outcomes of real-world events but has not made an official decision.
NFT, GameFi
What Are the Highlights of OpenSea 2.0? Early Testers Reveal Details of the New Version
The upgrade includes: a brand new user interface; an optimized Profile page; distribution of XP retroactive rewards to users, along with the first season of XP events; as users collect more, the true value of XP will become increasingly evident.
The challenges facing OpenSea are multidimensional. On 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 consumer interest in NFTs.
In-Depth Investigation: Who Killed the Vitality of Telegram Mini-Games?
The MAU of 820 Telegram projects has significantly declined, and the trend is hard to stop. Among the 820 projects, 249 showed an increase in October, while 491 experienced a decline.
The appeal of old projects is gradually weakening, and the growth momentum of new projects is insufficient, indicating that the entire ecosystem urgently needs new stimulation and direction. From top projects to smaller ones, none have been able to avoid the impact of declining activity. This trend reflects the current ecosystem's lack of user stickiness and innovation drive, urgently requiring new strategies and narratives to stimulate growth and regain user trust.
Web3 & AI
Interpreting the Binance AI Agent Report: Great Potential Emerging, Often Like a Toy
The intersection of AI and cryptocurrency has reached new heights, primarily driven by AI agents; the development momentum is strong, and significant growth may be seen in the coming weeks and months.
The essential characteristic of AI agents is their ability to autonomously plan and execute tasks without human intervention while working towards established goals.
Traditional banks and payment methods typically require manual identity verification, making cryptocurrency a natural choice for the AI agent economy.
However, current crypto AI agents are closer to demonstration status rather than practical application.
Weekly Hot Topics Recap
In the past week, BTC has repeatedly hit new highs (Collection of Perspectives); the “Musk Trade” once swept the speculative market, affecting Dogecoin, Tesla, and related funds;
Additionally, in terms of policy and macro markets, 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 published online for maximum transparency; Elon Musk's support organization spent $200 million to assist Trump's campaign; Trump proposed to pay Harris $20 million in campaign debt; The U.S. Department of Justice accuses Polymarket of allowing U.S. users to trade and is investigating it; Gary Gensler delivered a "review" speech; Hong Kong Stock Exchange launched a series of virtual asset indices; the South Korean financial sector investigates Upbit for KYC violations;
In terms of opinions and statements, a16z crypto: under the new crypto regulatory environment, tokens are expected to become "legitimate compliance" tools; CZ: as Bitcoin continues to hit historical highs, investors should appropriately engage in risk management; Bitwise CEO: the rise in Bitcoin prices will not trigger concerns similar to overvalued stock valuations; 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 indicate a slowdown in demand; CryptoQuant CEO: Bitcoin in the price discovery phase is more prone to sharp rises and falls; Michael Saylor: Bitcoin will not pull back to $60,000 and will continue to rise, with a target of $100,000 in sight; Standard Chartered analysts: SOL reaching a new high before the end of the year seems "inevitable," with performance potentially exceeding Bitcoin; Snowden calls for decentralization, questioning 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 capability is the only moat, and commercialization is the key to victory;
In terms of institutions, large companies, and leading projects, Tether launched the asset tokenization platform Hadron; Ethereum Foundation researcher Justin Drake proposed the final design of Ethereum, Beam Chain, 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 acquired a16z-backed smlXL and launched new product Dune Echo; LTC surged briefly after positioning itself as a meme coin, with multiple projects following the trend; XION launched a token airdrop query; Hamster Kombat: Season 2 is about to start, planning to change the game mechanics and economic model; the founding team of the blockchain game Parallel announced it will actively extend the token lock-up period by 10 years; after McDonald's hinted at a collaboration with Doodles, the floor price of Doodles surged over 50% in a single day.
In terms of data, on November 12, hedge funds attempted to profit from the BTC basis trading spread, with the CME basis currently close to 18%.
In terms of security, the official X account of the WIF community is suspected to have been hacked… well, it’s another week of witnessing history.
Attached is the Weekly Editor's Picks series portal.
See you next time~
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