"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 among the information flow and hot news, passing you by.
Therefore, our editorial team will select some high-quality articles worth spending time reading and saving from the content published in the past seven 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
Q4 may quickly be dominated by the ETF narrative, boosting related fields such as DeFi. Macro impact: $300 billion in stablecoin liquidity will drive a DeFi bull market.
Three major ETFs with significant influence to watch are: Solana, ProShares CoinDesk 20 ETF, and REX-Osprey 21-Asset ETF. Whether altcoins can capture the same demand as BTC is debatable, but the momentum is undeniable.
2025 Trading Guide: Three Major Trading Categories and Strategies Every Trader Should Know
Most self-directed trading strategies with positive expected value (+EV) can be categorized into the following three distinct categories (category names are self-defined): Incremental, Convex, and Specialist.
The core distinguishing dimensions for each category are threefold: risk-reward ratio (R:R), success probability (Probability), and frequency (Frequency).
BitMEX Alpha: A Practical Guide to Funding Rates in Trading
Funding rates exhibit predictability, tending to fluctuate within a certain range, influenced by the "structural lower limit" created by inherent biases in the funding rate formula and the "capital upper limit" imposed by arbitrageurs. Recognizing this structure can form the basis of trading strategies.
Boros' funding rate futures allow traders to bet on the volatility of funding rates now and use leverage to amplify returns or hedge exposure to funding rates in their positions.
Trading on Boros offers two ways to profit: 1) funding rate income generated from the difference between the exchange's funding rate and the implied rate on Boros, and 2) price differences arising from trading changes.
Successful trading depends on three key factors: 1) the expiration time of the contract (shorter terms favor speculation, while longer terms favor trend following), 2) the choice of exchange (highly volatile exchanges may provide opportunities to capture rate surges, while more stable exchanges may be better suited for generating returns), and 3) the implied rate at entry, which should align with the overall market outlook (bullish, bearish, or neutral).
Crypto VCs in a Tight Spot: Liquidity Dilemma, Ecological Reconstruction, and Breaking New Cycles
Crypto VCs have been on the decline in recent market cycles; the overall activity and influence of Asian VC institutions seem to be more pronounced in this cycle's downturn; the bloodsucking state of market makers and exchanges continues.
As mergers and IPOs become mainstream exit paths, and LP types diversify with extended fund cycles, will crypto VCs—especially Asian VCs—bounce back in the new cycle?
The Fork in Cryptocurrency: Narrativism vs. Pragmatism
In the realm of pragmatic cryptocurrencies, products (users) come first; while in the narrative-driven crypto space, the community reigns supreme.
Both sides are equally important and can mutually promote each other—narrative-driven cryptocurrencies can drive speculative behavior, thereby promoting the adoption of pragmatic cryptocurrencies.
Builders are best off starting by focusing on their strongest direction; traders should always bet on the "narrative."
Also recommended: 《17th Anniversary of the Bitcoin White Paper: Half Sea Water, Half Flame》《If This Continues, No One Will Trade Coins Anymore》《After a Year of Trading Coins, My Returns Are Not as Good as My Mom's A-Share Trading》《Making Money Against the Market: The Survival Path of Arbitrageurs in the Crypto Space》《Data Calculation of MegaETH's First Points Program's Realized Value》。
Policies and Stablecoins
The Next Stage of Stablecoins: From Assets to Services
Airdrop Opportunities and Interaction Guides
A Step-by-Step Guide to Participating in MetaMask's First Season Airdrop Event
Meme
Chillhouse Leading the Charge Alone: The Past and Present of "Web3 Fun People"
x402
x402 Gains Popularity: Does the Soaring "Concept Coin" Really Have Meaning?
Client requests data → API returns status codes and data; clients can now pay API fees directly with stablecoins; facilitators can handle on-chain payments for API developers; x402 resolves the dependency on manual and third-party payment platforms.
In the last round of hype surrounding AI, we saw many AI tokens' market caps soar to billions of dollars, but these tokens had almost no meaningful existence. The so-called x402 token has created a perfect speculative market.
We will soon see the intersection of x402 payments, ERC-8004 trustless agents, and verifiable AI, leveraging the open characteristics of blockchain to establish a reputation and trust system for AI—this is another topic worth exploring in depth.
From AI Framework to x402, Who Will the Second Wave of Crypto AI "Mass Wealth Creation" Benefit?
The recently popular x402 protocol is not built on the infrastructure of the first wave of AI Agent hype in 2024. Both waves face the same issue: it's too early.
The Best Partner for x402: How ERC-8004 Solves the Trust Issue for AI Agents?
x402 → Automates micro-payments for AI tasks; ERC-8004 → Provides on-chain identity and reputation tracking for AI agents.
Infrastructure: EigenCloud, Taiko, Eternal AI, NEAR, Phala Network;
Middleware: OpenServ, Unibase, S.A.N.T.A, Kinic AI, ChaosChain, NovaNet;
Application Layer: Zyfai, Virtuals Protocol, Praxis, Cortensor, Semantic Layer.
A Summary of the Latest Popular x402 Concept Projects Across Ecosystems
Prediction Markets
Trump is Opening His Own Casino
Trump Enters the Prediction Market: Truth Predict Takes on Polymarket
Ethereum
Is a Henan Local Supporting Half the Sky? A Deep Dive into Ethereum Nodes
CeFi & DeFi
Messari Researcher: Trading US Stocks with Perp DEX, the Next New Blue Ocean
Stock perpetual contracts remain a high-potential but unverified area, with limited appeal in on-chain markets, mainly due to audience misalignment, weak demand, and more popular alternatives (like 0DTE options).
Due to infrastructure and regulatory constraints, market demand has not been fully unleashed. Hyperliquid's recent HIP-3 upgrade provides the best opportunity for stock perpetual contracts, but the adoption process is expected to be gradual.
Also recommended: 《Lazy Investment Strategy｜Reflect Early Bird Deposit Open; Perena Launches Season 1 Points Program (October 29)》。
Web3 & AI
Weekly Hot Topics Recap
In the past week, $PING Soared igniting the x402 narrative; tariff clouds have temporarily eased, the market is on the rise; US-China talks concluded, and the Federal Reserve cut rates again, with Bitcoin slightly declining; the Federal Reserve announced the end of quantitative tightening (full resolution); Bessenet: The US is no longer considering imposing 100% tariffs on China; the Ministry of Commerce: China and the US will simultaneously suspend some tariffs and regulatory measures for one year;
Additionally, in terms of policy and macro markets, Newsom stated he would consider running for president in 2028, escalating the ongoing confrontation with Trump; Trump claimed he has not considered running for a third term in 2028; NVIDIA's total market value surpassed $5 trillion; Trump plans to announce Powell's successor months in advance, with five final candidates already locked in; US President Trump: considering appointing Bessenet as Federal Reserve Chair, but he himself does not wish to take over; US Congress members will propose legislation to prohibit the president and their families, Congress members, and all elected officials from trading cryptocurrencies or stocks; US Democratic senators demand Trump explain the pardon of Binance co-founder CZ; PayPal signed an agreement with OpenAI, becoming the payment wallet for ChatGPT; the Chicago Mercantile Exchange: demand for hedging from Asia-Pacific institutional investors is high, starting to shift towards virtual currency investments; Japanese startup JPYC issued the world's first yen stablecoin; the Hong Kong Securities and Futures Commission launched a tender for a virtual asset trading monitoring system; Hong Kong's Secretary for Justice stated that issuing a stablecoin pegged to the Hong Kong dollar must apply for a license; the Shanghai Composite Index has once again surpassed 4000 points after ten years;
In terms of opinions and statements, Bessenet: The Federal Reserve is still living in the past, predictive models have failed; Fortune magazine revealed that 37 donors funded the White House banquet hall, including Gemini co-founders; Peter Schiff declared war on CZ: BTC will eventually go to zero, "tokenized gold" is the digital return of currency, considering attending a debate in Dubai, and plans to launch a token; CZ: will focus on YZi Labs investment business in the future, and has been invited to serve as a crypto advisor for multiple governments; CZ: Kyrgyzstan has launched a national stablecoin and CBDC on the BNB Chain, with national cryptocurrency reserves including BNB; CZ responded to being listed on the Hurun Rich List with a wealth of 190 billion: "Divided by 100 is about right"; Tiger Research reported that BTC's target price for Q4 is $200,000; the founder of Equation stated that they have closed FORM long positions, the market has become desensitized to meme speculation narratives; Jia Yueting: BlackRock increased its holdings in FFAI stocks, having completed the first batch of C10 crypto treasury allocations; Bubblemaps: MEGA presale has witch attack behavior, with over 20 entities using multiple wallets to bypass maximum allocation limits;
In terms of institutions, large companies, and leading projects, S&P gave Strategy a B- rating (interpretation); Consensys plans to go public in the US, hiring JPMorgan and Goldman Sachs as lead underwriters; the tokenized securities market platform tZero is preparing for an IPO in 2026; Bernstein gave SharpLink a "beat the market" rating and is bullish by 75%; Circle launched the Arc blockchain public test network, with participation from Visa and BlackRock; Western Union plans to launch a stablecoin on the Solana chain in 2026; Binance is considering integrating Binance.US into its global operations, which may allow its global exchange to enter the US market directly; Ondo Global Markets is expanding its stock tokenization platform to the BNB Chain (interpretation); BNB Chain completed a $45 million "rebirth support" program with the third batch of BNB airdrops; Telegram will release Cocoon (Confidential Computing Open Network) in November; MetaMask has launched multi-chain accounts; Polymarket will return to the US by the end of November, after which it will launch the POLY token and airdrop; Trump Media under Trump is entering the prediction market and will launch "Truth Predict"; Binance.US opens USD1 deposits and will list the USD1/USDT trading pair; MetaMask launched the rewards points program MetaMask Rewards; KITE announced its token economics: a total of 10 billion tokens, with an initial circulation of 18%; Aster announced it will burn 50% of repurchased tokens; zkPass announced its token economics: total supply of 1 billion tokens, with the community holding 48.5%; Ferrari plans to launch a digital token "Token Ferrari 499P"; Ant Group has applied for registration of multiple Web3-related trademarks in Hong Kong, including "ANTCOIN";
In terms of data, about 60% of global stock markets reached all-time highs, accelerating the bull market for risk assets; SPAC financing amounts reached a new high since 2021, with cryptocurrency being one of the main trading areas; Paxos released the PYUSD verification report: total circulation exceeded 2.6 billion, setting a new historical high, an increase of about 125.5% compared to August; Binance hired a close friend of Trump's son to lobby the White House, paying $450,000 in the past month;
In terms of security, Lighter responded to “HYPE abnormal order book data”: it was caused by an out-of-control robot and did not trigger liquidation, and the front end has hidden it; GMGN responded to theft rumors: platform security, user funds are intact, and they will fully compensate users affected by phishing attacks, and have issued compensation to users affected by MEV attacks…… Well, it has been another eventful week.
Attached is the series of Weekly Editor's Picks.
See you next time~
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