In the past decade, the biggest belief in the crypto world has been the 'four-year halving cycle.' Everyone's logic is simple: Halving output = reduced supply = skyrocketing prices. But in 2024, Bitcoin actually broke its historical high before the halving occurred. This has never happened in history! It's like agreeing that you can score full marks as long as you revise before the exam, but this time you scored full marks without revising — indicating that the fundamental factor determining the score is not revision, but other factors. This article will help you break old thinking patterns and understand the true 'hand of God' that determines Bitcoin prices — global liquidity — from a macro perspective of Wall Street.
Must-Read for Web3 Communities: How Traffic Owners Can Achieve Real Commercial Monetization Through Infrastructure Repurposing
Friends involved in community operations in Web3 should recently have reached a consensus: running a 'traffic reselling' (Referral) business is becoming increasingly difficult. User retention is challenging, the conversion path is long, and as an intermediary, you can never fully control the core value. Thus, many forward-thinking community leaders have begun transforming into tool and platform providers. Building a DEX based on underlying infrastructure is indeed widely recognized as the fastest path to transition—no need to worry about liquidity (it comes with deep pools), no need to manage technical foundations (SDKs are readily available), and you can directly convert traffic into your own users. However, there's a 'profit trap' that few people openly discuss.
In this cutting-edge frontier of Web3, full of opportunities and risks, we've heard too many stories of overnight riches and too many tragedies of total losses. True alpha comes from understanding infrastructure transformation. Especially as DeFi evolves from early AMMs (Automated Market Makers) to decentralized trading infrastructure based on order books (Orderbook), a new 'passive income' paradigm is quietly emerging. Today, I want to set aside those meme coins and 'pump-and-dump' projects, and dive deep into a severely underestimated sector: the omnichain central limit order book (Omnichain CLOB), and how protocols like Orderly Network enable ordinary users to achieve 'passive income while sleeping'.
Is FOGO not just a 'half-cut', but also an entry ticket to the SVM赛道?
$FOGO Launched at its peak, reaching 0.1077 before rolling back to around 0.053. Harsh reality: Friends who bought high may already be down 50%, which is a typical 'washout' pattern seen in new coin listings. Potential opportunity: As panic selling unwinds and MACD momentum weakens, the 0.050 level is becoming a critical battleground between bulls and bears. For aggressive traders, this isn't just a pullback—it's a 'reverse pickup' moment. 【Why should you pay attention to FOGO?】 Don't treat it as just an ordinary meme coin! • Hardcore comparison: Fogo is a high-performance L1 blockchain built on the SVM (Solana Virtual Machine).
Rally! The Secret Behind the Epic Short Squeeze Triggered by Bad U.S. Market Data
Last night was a heart-stopping night for many short sellers watching the non-farm payroll data—going from 'ecstasy' to 'questioning life' in an instant. It's like you're watching the dealer on the other side holding a terrible hand (very poor economic data), and you think you're definitely going to win, so you go all-in shorting. But then the dealer smirks and says, 'Sorry, but according to the rules, tonight's bad hand still wins.' Not only were retail short sellers wiped out, but many fund managers who traded based on 'macro logic' were also taken out. First, let's take a look at how bad these 'bad cards' from last night really were: Non-farm employment: only 50,000. This is data pointing to the edge of a recession.
The Venezuela incident is more like a forced liquidation of bankrupt assets for the global market.
In the short term, oil prices will spike due to panic premiums, as the market fears retaliatory destruction leading to supply disruptions.
The medium to long-term impact is that once the situation stabilizes and sanctions are lifted, Venezuela's massive oil reserves combined with U.S. production capacity will create a supply surge, and oil prices will instead face downward pressure.
The structural impact mainly benefits U.S. stocks in the military and oil services sectors (stabilization and reconstruction are big businesses), while energy-importing countries like Japan and South Korea will benefit in the long term; A/H stocks are likely to face short-term uncertainty due to their exposure to Venezuela's existing debt and investments.
The core game is actually that the assets are very valuable, but no one wants to be hit during the rebuilding phase. #委内瑞拉
A friend of mine realized on the second day of the new year that he had been spending too much time on Douyin, so he made a New Year change and started watching YouTube instead...
If you do not understand the buzzwords of 2025, you will not be able to truly grasp the market's sentiment.
Task Masking: A new workplace term. Refers to employees pretending to be very busy with the help of AI to cope with their boss's surveillance, while actually "slacking off." This became particularly popular under the OBBBA tax exemption policy, as overtime became more profitable, and everyone was "performing" overtime.
Fintok: A combination of Finance and TikTok. In 2025, a large number of retail investment decisions no longer come from research reports, but rather from 15-second recommendations by short video creators. This is also a direct driver of the dramatic rise and fall of certain meme stocks and cryptocurrencies.
Gamma Squeeze: In 2025, the options market is extremely hot, with retail investors buying large amounts of short-term call options, forcing market makers to buy the underlying stock to hedge, thereby driving up stock prices. This became a technical reason for the frequent emergence of "zombie stocks" in both A-shares and U.S. stocks.
The alternative asset market in 2025 tells only one story: a lack of trust in the fiat currency system.
Gold experienced an epic rally in 2025, with prices skyrocketing from $2,600 per ounce at the beginning of the year to over $4,300 per ounce by the end of the year, achieving an annual increase of nearly 70%. The global central banks (especially those in BRICS countries) set a historical record for gold purchases. After witnessing the normalization of financial sanctions by the U.S., 'de-dollarization' became a necessary strategy for central banks around the world. The U.S. fiscal deficit is beyond repair. Gold, as the only 'counterparty risk-free asset,' has become the best hedge against U.S. sovereign credit risk. Moreover, the turmoil in Syria and potential trade wars have greatly enhanced gold's safe-haven attributes.
Cryptocurrency went through heaven and hell in 2025. In the first half of the year, driven by Trump's campaign promise to establish a 'national Bitcoin strategic reserve,' $BTC reached an all-time high of $126,000 on October 6. In mid-October, as Trump threatened to impose a 100% tariff on China, market risk appetite plummeted. Bitcoin crashed within just a few weeks, triggering a $19 billion liquidation disaster in one day, and its price temporarily fell below $100,000. It remains a high-beta risk asset.
According to monitoring, a giant whale that has been silent for 1.6 years (0x7d1...3e66) has increased its position in leveraged long positions worth 3.59 million dollars with the amount $LIT 1, currently facing a floating loss of over 1.26 million dollars. Six hours ago, this giant whale closed a short position of $ASTER , making a profit of 537 thousand dollars.
$UNI Uniswap destroys 100 million UNI to initiate deflation and value reconstruction On December 28, 2025, Uniswap will destroy 100 million UNI (approximately $596 million) from the treasury in one go, accounting for about 16% of the total circulating supply. As a result of this supply shock, the UNI price surged nearly 19% in a single day, with trading volume skyrocketing by 52%. This destruction marks a fundamental shift in the Uniswap economic model: the activation of the Fee Switch: part of the fees originally paid to liquidity providers (LPs) will be redirected to the protocol layer. The protocol revenue will be used to repurchase and destroy UNI, creating a positive feedback loop of "increased platform trading volume → increased destruction volume → increased token scarcity." This move transforms UNI from a mere “governance voting right” into a deflationary asset linked to protocol cash flow. $UNI proves that DAOs are capable of implementing significant economic reforms, setting a benchmark for value-returning tokens in the DeFi industry and triggering a reconstruction of market valuations for governance tokens. For holders, the value of UNI will directly benefit from protocol growth, achieving a binding of interests. While it is necessary to be vigilant about liquidity fluctuations potentially caused by squeezed LP earnings, in the long run, the destruction mechanism based on real usage provides solid value support for $UNI .
2025-2026 Frontier of Crypto Assets (1): Capital Paradigm in the Era of Great Convergence and the Rise of Silicon-Based Intelligence
The combination of Artificial Intelligence (AI) and Blockchain (DeAI) is recognized as the most narrative-driven and viable track in the 2025-2026 cycle. As centralized giants represented by OpenAI monopolize computing power and data, decentralized AI builds an open market through blockchain's incentive mechanisms, from computing power supply and data collection to model training. This is not just a technological revolution, but a reconstruction of production relations—making computing power and intelligence a public resource that requires no permission. At the same time, DePIN (Decentralized Physical Infrastructure Network) serves as the physical foundation for AI, leveraging token incentives to tap into billions of idle hardware resources globally, from GPU computing power to sensor networks, forming a significant force of 'crowd computing power.'
$ZEC has recently experienced significant fluctuations and adjustments, with prices repeatedly testing and rebounding around the key support of ~420–440 USD. Large buyers and the narrative of privacy coins support short-term buying, but resistance around ~470–500 USD is clearly under pressure, and momentum has slightly slowed. The overall structure has not yet confirmed a trend reversal; as long as support holds, it seems more like a technical repair rather than a trend ending. The next key point is whether it can break through the ~475 level to expand bullish space; otherwise, it may continue to consolidate in a range or retrace. #币价预测
The abstraction of accounts is not the problem; the problem is that the 'future wallet form' has become something that only developers can barely use, and is a project experiment that ordinary users should not touch at all.
W-BEN
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AA wallet sounds great, but in practice, it's full of pitfalls.
Recently, a key feature promoted by Kite is the account abstraction wallet, which is said to enable AI agents to achieve 'social recovery', 'gasless transactions', and 'batch operations'—these advanced functionalities. As a developer who has been navigating Web3 for three years, I spent a week deeply testing this system, and the conclusion is that the ideal is grand, but the reality is stark. First, let's discuss the concept of account abstraction; simply put, it upgrades traditional external accounts (EOA) to smart contract accounts, allowing for programmable control over wallet behavior. For instance, you can set up multi-signatures, whitelists, daily limits, automatic execution strategies, etc. It indeed sounds much safer and more flexible than the 'one private key rules all' model of MetaMask. Kite implemented the GokiteAccount contract based on the ERC-4337 standard, deployed on its L1 chain, with the address 0x93F5310eFd0f09db0666CA5146E63CA6Cdc6FC21. When I registered, I needed to create a traditional EOA wallet first as the 'owner', and then deploy my AA wallet instance through this contract. The entire process took about ten minutes, mainly waiting for on-chain confirmation.
At this point in time, large outflows carry more information than any long threads from KOLs — a true emotional turning point, always written on the chain first.
Binance News
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2000 ETH transferred from powerstake.eth to an anonymous address
According to ChainCatcher, ChainCatcher reports that, according to Arkham data, at 16:30, 2000 ETH was transferred from powerstake.eth to an anonymous address (starting with 0xb123...).
It's not that everyone has lost faith, but rather that at this stage in the cryptocurrency world, it no longer rewards building, only speed and ruthlessness—when 'doing things' loses its meaning, leaving becomes the most rational choice.
SpaceNight
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Why are so many people leaving the community this year? Let me share my viewpoint.
It's not because everyone suddenly lost faith, nor because the bull market has ended. It's because the game has changed.
This year, the cryptocurrency space has completely shifted from narrative-driven to high-speed PVP.
In the past, a narrative would gradually unfold. Some people wrote code, some built communities, there were arguments, splits, and then starting over. The cycles were long, and the cost of making mistakes was low; as long as you were genuinely doing something, you had time to correct it.
That's not the case anymore.
Now it is: •Token launch •CA discarded •A few big accounts retweeting •K-line completed •Liquidity drained •Next round begins
In just a few days, a story comes to an end.
This isn't competition; it's speed elimination. What gets eliminated isn’t ability, but reaction time.
The biggest change brought by accelerated PVP is not that it's "more brutal," but that assets start to concentrate at high speed.
A few P generals dominate the sources of information, liquidity entrances, and emotional switches. Most ordinary participants are liquidated before they even reach their "learning cost recovery period."
Most people don't have time to figure out: •What this project is about •Whether there are people building the community •Where the consensus comes from
The market has already turned the page.
As a result, many people choose to leave. It's not that they've lost all their money, but rather that they've completely lost the meaning of participation.
The issue isn't with MEME.
I strongly agree with @star_okx's viewpoint.
True MEME requires: •Years of construction •Continuous resource investment •Long-term companionship and genuine care for the community •Ensuring that every participant can truly benefit
The reason many people are leaving this year is not that they are failures. But rather that many have discovered: this stage of the game no longer rewards construction, only speed and ruthlessness.
Without a construction cycle, only the price cycle remains. Without community patience, only emotional harvesting remains.
Thus, the cryptocurrency space seems increasingly like a casino, Not because technology has regressed, But because construction has been squeezed out of the table.
Expiration forced liquidation, cash settlement of profits and losses. Usually stops trading at 16:00 (UTC+8) on Friday afternoons. Settlement is based not on the last second price, but on the average index price one hour before delivery (to prevent large holders from maliciously manipulating spikes). Cash settlement. The system automatically closes your orders, and the profit or loss difference is directly settled into USDT or BTC in your account, without involving actual $BTC transfers.
大圣归来BTC
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How are the delivery rules $BTC implemented? Please advise, great one.