Odaily Morning Brief

1. Arthur Hayes: Next cycle will focus more on established DeFi projects with cash flow;

2. Trader Qwerty announces temporary departure from crypto, has emptied all public wallets;

3. Bonk Guy questions bearish logic on Robinhood ecosystem: next market cycle is worth looking forward to;

4. Papertrade's revenue rose to $42.33 million over the past 7 days, far surpassing Pump and Hyperliquid;

5. Michael Saylor: AI may destroy the value of enterprises that rely on human labor and talent, capital will shift to real estate, gold, and Bitcoin;

6. Data: RWA perpetual contract open interest rises to $9 billion, accounting for 14% of total across mainstream platforms;

7. Arthur Hayes: An AI crash could trigger trillions of dollars in bailouts, bullish for BTC and ETH;

8. Tether once paid over $6 million to a company linked to a former White House crypto advisor, raising conflict-of-interest concerns;

9. Analyst: Anthropic's Q3 results may help its IPO, but will have minimal impact on AI trading;

10. a16z cuts most of its portfolio recruiting team, remaining staff to be reassigned to crypto and other divisions.