Emily Vuong

🧧Guidelines for automatic transaction refunds - lifetime for traders or trading on #Binance:

💵Don't underestimate small money, high-frequency trading can even result in refunds that exceed the initial capital many times over.

1/ Register through the link: Binance.com

2/ The words 'Link' will appear with your referral, just click ok to complete.

3/ When the link is successfully established, the words 'retrieve' will appear as shown in the successful image.

👉When trading, you will get cash back to your spot wallet and future wallet.

If successful, you can send the last 3 digits of your ID for me to check again.

📍YZi Labs invests funds into Genius Trerminal, CZ clearly showing strong support for the project
📌 This transaction is not just a few seed funding rounds. YZi Labs announced a direct investment of eight figures into Genius Trading - an on-chain terminal aiming to take over the CEX space with its execution + privacy structure.
📌 Genius does not follow the traditional DEX model. The project envisions a unified terminal enabling spot - perpetual - copy trading across more than 10 chains, aggregating on-chain liquidity without the need for complex bridges. The soft launch has already processed over $60M in volume - a figure sufficient to indicate the user base is not retail.
📌 The key point is privacy for large orders. Genius uses MPC mechanisms, split-route strategies, and multiple layers of confidential order routing to minimize strategy exposure. The fact that smart money and whales trade on Hyperliquid is a major limitation, as these whales are reluctant to expose their trading behavior.
📌 CZ plays a strategic advisor role in the project. After Aster, this might be the next project CZ wants to take on an "ambassador" role - actively promoting the project from the early stage. The vision suggests Genius could be Binance's privacy-first version, focusing on serving large capital flows rather than a general public app.

📍ZKsync announces 2026 roadmap: Privacy becomes the priority

📌 ZKsync has just released its 2026 roadmap, shifting from a Layer-2 serving retail to a zero-knowledge infrastructure for enterprises and financial institutions, where privacy and data control are mandatory.

📌 Prividium is the most crucial component: default privacy, integrated into transactions, identity, permissions, approvals, and auditing. The goal is to enable enterprises to operate on-chain while keeping sensitive data confidential.

📌 ZK Stack is upgraded into a unified multi-chain system: public chains and private chains interact seamlessly, share liquidity and features without requiring external bridges.

📌 Airbender aims to standardize zkVM for Ethereum: safer, faster, scalable for enterprise use, and opens broader integration opportunities within the ecosystem.

📌 ZKsync CEO's perspective: not racing for 'cheap – fast', but building blockchains according to traditional financial system standards – secure, predictable, serving real enterprises.

ZKsync aims for 2026 to be the year zero-knowledge enters the real financial world, redefining the role of Layer-2 in blockchain infrastructure. $ZK

📍 Is the market recovering and falling again, or continuing the bull run?

📌 Market - the surface of the liquidity cycle
- The unfavorable factor is that USD expansion is unlikely to be broadened in 2026:
- The U.S. Treasury's TGA drained over $350B from the system by late 2025 - early 2026, putting pressure on risk asset prices.
- Reverse Repo dropped sharply from $2.2T (2022) to just ~$230B by the end of 2025, seemingly indicating a time for Fed liquidity injection. However, the depletion of RRP means the system no longer has a cushion to absorb additional USD.
- Long-term yields remain elevated: UST 10Y is in the 4.1–4.3% range, keeping capital costs at a level that strangles risk appetite, despite Fed暗示 cutting rates.
📌 The brightest sign is that the Fed has eased its stance
- The Fed has promised continued rate cuts, though real financial conditions do not yet support rapid easing.
- The positive aspect is that QT has been paused since December 2025.
- SOFR has dropped to 3.75%, making markets more comfortable.
📌 U.S. fiscal policy is also a concern
- Washington is trying to keep USD tight to combat inflation and heavy fiscal debt.
- U.S. interest payments exceed $1.2T per year, higher than the total GDP of many G20 countries.
- Public debt surpasses $35T, forcing the Treasury to continuously draw funds through short-term bill issuance.
- As fiscal policy remains deeply embedded in the system, the Fed finds it difficult to significantly ease monetary policy. Crypto is caught in a 'double squeeze': fiscal policy draining funds – monetary policy not opening the floodgates.
-> Crypto 2026 is not at the beginning of the cycle. It seems everything is at a pause, waiting for ETF inflows to lead the way. $BTC

📍Altcoins don't follow the time schedule – they follow the release schedule. From 2021 to 2025, many top-cap projects have expanded supply by 15-35% annually, not counting the wave of tens of thousands of new tokens flooding the market. In this structure, profits are no longer about 'holding long-term to win,' but about being in the right tier within the distribution chain. Holding through cycles with altcoins is no longer a strategy – it has become a systemic dilution risk.

#Bitcoin is currently at a valuation nearly the lowest compared to gold in history. Of course, this is not a bottom indicator, but if you believe in $BTC , then this is a good time to buy.

$BTC

📍Privacy coin becomes a liquidity anchor at a time of escalating tensions between Trump and Powell, and XMR reaches a new all-time high.

📌 When the market is tightened by expectations of higher interest rates and fiscal tightening, capital flows out of transparent assets → into less traceable liquidity layers. XMR stands out the most: transaction volume increases, fees rise, off-exchange transactions surge, indicating genuine demand for shelter.

📌 This is no longer just a technical narrative. Privacy coins are reflecting the demand for unmonitored value transfer – something BTC/ETH struggle to provide as large capital is controlled by algorithms, compliance, and institutional liquidity constraints.

📌 Not all privacy coins are rising. But XMR leads the surge because it plays the role of the purest form of "decentralized liquidity" in a high macro risk environment.

📌 When policy power tilts toward capital control, the market responds with resistance: pushing privacy coins into becoming value gateways outside the traditional system.

$XMR

🔥Buyback is not the solution for the market
🔸 Total buyback YTD across the entire market exceeds $1.4B, yet the buyback/market cap ratio for many projects only reaches 0.5%–3%, too small to create sustainable price impact.
🔸 Unlock in 2025 for the top 50 tokens exceeds $17B, 12 times larger than the total buyback expenditure.
🔸 70% of project buybacks come from treasuries, not real revenue—market places low value on this type of buyback.
🔸 For projects with burn, the average burn rate is only 0.3%–1.2% of supply per year—insufficient to create a sense of scarcity.
📌 HYPE leads absolutely: over $644.6M buyback from the start of the year to October 15, 2025—a figure far exceeding the TVL of many smaller chains.
But HYPE's price surge doesn't create a lasting trend, indicating that real market demand for the token isn't keeping pace with the volume of unlocks, liquidity mining, and circulating supply growth.
📌 ZRO follows with $150M, despite strong project funding during the "brand-oriented deflation" campaign—market response remains cold. ZRO lacks a new narrative, and the buyback effect is neutralized by the large volume of ecosystem rewards.
📌 PUMP ranks third: $138.17M, nearly all from buyback & burn. This is an interesting case: real burn reduces circulating supply, but market dominance by new memecoins makes demand for PUMP insufficient.

The OI of $ETH perp has returned to the area before the crash on 10/11. Sentiment has stabilized even before the price recovered. After Fear will come Greed?

$ETH

📍Buy-side of #Bitcoin is overly aggressive – Taker Buy/Sell Ratio on Bybit has just surged to 30.3.

This is an extremely rare level, indicating that market buy orders completely dominate the sellers.

📌 Meaning of a ratio above 30
- Active long positions being opened, directly hitting the orderbook.
- Buyers want to enter quickly, without waiting for gradual matching.
- The long side takes control of price momentum in the short term.

📌 The ratio spiked precisely when the price surged strongly from the $88K zone to near $94K, showing that the buy-side is driving the market rather than reacting passively.

📍Taker Buy/Sell Ratio above 30 = buy-side dominance. If sustained, the market could see faster and steeper short-term rallies. $BTC

📍Ethereum staking – from permissioned symbols to the centralized bottleneck created by Bitmine.

The story is not just about yield or APR. When a single entity – Bitmine – holds an excessive position in staking, it turns a decentralized network into a centralized bottleneck.

📌 Bitmine currently holds a significant share of validators and stETH – meaning a substantial amount of ether is being staked through a centralized organization. This creates dual risks:
🔸 Decentralization risk: When one player dominates too much staking share, decentralization is eroded.
🔸 Network security risk: If Bitmine faces technical, legal, or liquidity issues – the entire consensus layer could be affected.

📌 Why is this happening?
Demand for traditional staking has increased after Lido and other liquid staking providers limited their growth. Bitmine capitalized on capital seeking yield and became a major attractor, while the actual validator system did not scale quickly enough to distribute stakes evenly.

📌 The decentralization of Ethereum is undermined when one organization holds too large a validator share, giving it stronger influence in proposer selection, MEV, and other consensus mechanisms.
If Bitmine stops or is restricted from staking, yield flow is blocked – leading to reduced activity in the liquid staking market. $ETH

📍Solana urgent patch – validator response delayed, infrastructure layer reveals weaknesses.

Solana Labs had to release an emergency patch after a group of validators responded sluggishly, affecting network performance. This is not a minor issue, but a signal that the network is being pushed to its operational limits.

📌 Validators are the backbone of Solana. When a group processes slowly, the entire throughput, finality, and UX are dragged down. This reflects uneven transaction load distribution, suboptimal resource optimization, and insufficient validator decentralization compared to the expected design.

📌 Touching the protocol layer – the layer that should be the most stable – shows the system cannot wait. Solana must prioritize performance, even if it means sacrificing initial stability.

📌 Widespread impact.
- TPS fluctuates.
- Latency increases, constraining dApp UX.
- The belief in "Solana fast – cheap – strong" is being tested in real-world conditions.

📍This validator incident recalls a major challenge: Solana is operating between two extremes – performance and stability. How they handle such infrastructure bottlenecks will shape the network's development trajectory in 2026. $SOL

📍The Altcoin Season Index has just surged to 55 points – the highest in three months – and the market is heating up again, just as expected: 'money is testing to leave Bitcoin in search of higher beta'.

📌 The Altcoin Season Index is considered an 'altseason' only when 75% of altcoins outperform BTC over 90 days. Currently at 55 – but this is a three-month high – indicating that capital is slightly shifting toward altcoins after Bitcoin's dominant phase.

📌 The altcoin market cap relative to Bitcoin – a true measure of strength – has just recorded its first recovery bounce after several weeks. Market history has repeatedly shown this pattern before altcoins accelerate.

📌 Leading sectors have already emerged:
- Meme coins maintain the highest热度.
- AI tokens continue to be accumulated steadily.
- DEX tokens and ecosystem tokens were the first to recover in terms of TVL.
Data shows most of the altcoin rally is concentrated in strong narrative-driven groups – a familiar sign of the 'outer ring' phase before a full-fledged altseason takes off.

🚨ZERO $ETH is waiting to be unstaked.

The first time since July 2025.

$ETH

📍Pumpfun launches update: Pull traders back to the center of the game, reduce benefits in the hands of dev creating memecoins

📌 New cost adjustments from Pumpfun show a clear message: prioritize traders, tighten incentives for the meme market, rebalance market structure after the hot growth phase.

📌 Co-founder Alon reappears on X after more than two months. He says Dynamic Fees V1 last year successfully attracted more builders and boosted on-chain activity. However, most dev behaviors remain unchanged: mass-creating coins without long-term value, causing misaligned incentives.

📌 The next update will shift focus: reduce preferential weight for devs, increase benefits for traders—the group providing real liquidity and maintaining market momentum.

📌 This is a signal from Pumpfun to filter out low-quality memecoins as rugpulls and dev farms continue. Capital flows back to active traders instead of mass-dev spamming memecoins. $PUMP

Asset Managers increased their near-record Short $VIX positions this week.

The only other comparable time was July 2024.

Stocks pulled back in August 2024 and $VIX spiked

Profit list from #zama

1 NFT - 4.7k
2 NFT - 9.5k
3 NFT - 14.2k
4 NFT - 19k
5 NFT - 23.8k

4 - 5 figs for everyone

really glad to hear that

Shout out to all Zama mfers

🟠The core development team of Zcash at Electric Coin Company has collectively left following deep disagreements with the Bootstrap board over project control.

🟠This departure does not affect network operations, but it severs development momentum—the most critical asset of a privacy-focused blockchain.

🟠Immediately after the news, ZEC's price dropped over 10%, reflecting how the market discounts execution risk when a project loses its leading team.

🟠This sell-off follows growing concerns that privacy coins, already under legal pressure, now face internal fractures. The market is left wondering: who will continue to maintain the roadmap, implement upgrades, and uphold Zcash's narrative in the coming phase?
$ZEC

📍World Liberty Financial (WLFI) aims to directly enter the core of the financial system — through a national trust bank charter.
📌 WLFI has submitted an application to establish the "World Liberty Trust Company National Association"
This is not a PR move. Applying for a national trust bank charter means WLFI intends to bring all USD1 stablecoin operations — issuance, custody, mint-redeem — under federal oversight, rather than relying on third-party entities.
📌 Legal landscape is opening up
In recent years, the OCC has approved similar licenses for digital asset entities (Circle, Ripple, BitGo, Fidelity Digital Assets, Paxos). Coinbase and Crypto.com are also in the process of submitting applications.
The recently passed GENIUS Act further clarifies the framework: stablecoins are now officially recognized as part of the U.S. financial system, no longer operating in a gray area.
📌 Why does WLFI need a bank?
- USD1 has over $3.3B in circulation, showing rapid growth within the new stablecoin category.
- The license would allow WLFI to independently manage collateral assets, convert fiat to stablecoin, operate custody, and control risks — all under federal banking standards.
-> This infrastructure enables USD1 to be viewed as a digital U.S. dollar with "government certification," distinguishing it from previous models reliant on third-party custodians. $WLFI

S&P 500 continues to break historical highs. U.S. stocks keep rising without fatigue, overcoming recession rumors for the past two years.