Weekly Editor's Picks (December 13-19)
- 核心观点：加密行业进入机构化、资产重构与监管正常化新阶段。
- 关键要素：
- 机构成为加密资产边际买家，稳定币重要性凸显。
- Tether储备转型，向“影子央行”与全球流动性提供商演进。
- 比特币矿工转型数据中心租赁，行业寻求新商业模式。
- 市场影响：推动行业向透明化、标准化与机构化发展。
- 时效性标注：中期影响。
"Weekly Editor's Picks" is a "functional" column of Odaily Planet Daily. In addition to covering a large amount of real-time information every week, Planet Daily also publishes a lot of high-quality in-depth analysis, but these may be hidden in the news feed and trending news, and you may miss them.
Therefore, every Saturday, our editorial team will select some high-quality articles worth reading and saving from the content published in the past 7 days, bringing new inspiration to you in the crypto world from the perspectives of data analysis, industry judgment, and opinion output.
Now, let's read it together:
Investment and Entrepreneurship
Crypto Coming of Age: 2025, Restructuring of Institutions, Assets, and Regulation
Institutions are becoming marginal buyers of crypto assets.
Real assets (RWAs) have evolved from a narrative concept into an asset class.
Stablecoins have become both a "killer app" and a systemic vulnerability.
The second-layer network (L2) integrates into a "winner-takes-all" structure.
Prediction markets have evolved from toy applications into financial infrastructure.
Artificial intelligence and encryption (AI × Crypto) have moved from hype narratives to actual infrastructure.
Launchpads have become industrialized and are now part of the internet capital market.
Tokens with high fully diluted valuation (FDV) and low circulating supply have proven to be structurally uninvestable.
Information finance (InfoFi) experienced a boom, expansion, and then collapsed.
Consumer-grade encryption is making a comeback, but through new types of digital banks (Neobanks) rather than Web3 applications.
Globally, regulations are gradually becoming normalized.
The "fat app" is dead; welcome to the era of "fat distribution."
Previously, the crypto industry had invested excessive resources in infrastructure and technology optimization.
In 2025, the industry officially entered a new phase: cryptocurrency applications themselves became standardized products that could be replaced.
Integration and cooperation will ultimately prevail, distribution channels will ultimately prevail, and front-end interfaces will ultimately prevail; while encrypted applications will only be reduced to mere traffic conduits.
Tiger Research: Is now the right time to buy?
Buy in batches and strictly adhere to stop-loss orders.
Five cryptocurrencies defied market trends and surged; which one is the next potential winner?
PIPPIN, FOLKS, BEAT, AIA, RAVE.
Other recommendations:
Grayscale Decryption 2026: Ten Trends Reshaping the Industry Ecosystem
Let's start with the Asian retreat of a16z and discuss the twilight and new king of the VC empire.
Policy and stablecoins
The fundamental difference between S&P and Tether lies in their risk perceptions: traditional finance prioritizes "repayment capacity" and focuses on "the ability to liquidate reserves under extreme run conditions"; while Tether prioritizes "market liquidity" and long-term value preservation and risk resistance (especially inflation risk). Their risk measurement dimensions are completely different.
Tether's strategic intent in its reserve transformation: Tether's reserve model is shifting from a "1:1" cash equivalent reserve to a hybrid model of "hard assets (gold) + digital assets (BTC) + low-risk assets (US Treasuries)". Essentially, this represents a transformation from a "stablecoin issuer" to a "global liquidity provider + digital asset reserve institution," driven by core factors including inflation hedging demand, increased pro-cyclical returns (such as the predicted 2025 BTC/gold bull market), and de-dollarization efforts. In fact, Tether is becoming more like a "shadow central bank" than a simple stablecoin issuer.
USDT Short-Term Risks and Long-Term Trends: USDT's anchor stability remains supported by on-chain liquidity. However, in the short term, the 24% of its reserves held in highly volatile assets (BTC/gold/loans) may be exposed to risks during the 2026 interest rate cut cycle and potential crypto bear market (Tether had a huge unrealized profit in 2025 due to its gold and Bitcoin reserves; however, the situation may change in 2026). In the long term, the trend of stablecoins becoming more like central banks (inflation-resistant assets + global network + energy) will drive the industry towards greater transparency and standardization.
Prediction Market
Prediction markets have three characteristics that completely distinguish them from spot trading or perpetual contracts: a clear upper limit, a lower limit of 0, and a binary and instantaneously confirmed outcome.
The key premise for leverage to work on conventional assets is that asset prices change continuously. Predicting the market, on the other hand, involves price jumps.
Airdrop Opportunities and Interaction Guide
A step-by-step guide to participating in predict.fun, supported by CZ.
Bitcoin
Bitcoin miners are abandoning mining and moving to the cloud.
Bitcoin mining revenue is unstable while costs continue to rise, making the core business model unsustainable.
Mining companies are starting to utilize existing sites and infrastructure to lease data center space to large technology companies.
This transformation has alleviated cutthroat competition and helped improve the health and stability of the entire industry.
Multi-ecosystem and cross-chain
Breakpoint Abu Dhabi in Review: 49 Key Developments in the Solana Ecosystem
CeFi & DeFi
Hyperliquid's Portfolio Margin initiative revolutionizes the on-chain derivatives account system, significantly improving capital efficiency and meeting the needs of large-scale institutional funds.
Web3 & AI
The core of Web3 is value exchange rather than information transfer; users' primary need upon entering the ecosystem is managing digital assets and completing on-chain activities. Major players are vying for dominance in the wallet market.
Web3 entry points have evolved from centralized exchanges (CEXs) in their early stages to wallets (after the DeFi boom) and then to a combination of AI and wallets.
Safety
Death is the biggest "buyer" of cryptocurrencies.
Conservative estimates suggest that approximately 2 billion crypto assets are withdrawn from circulation each year due to a lack of heirs.
The article introduces a simple three-step inheritance method (like something a detective enthusiast would come up with), which is easy to memorize, difficult to crack, accessible anytime, anywhere, and guarantees 100% non-managed (i.e., no intermediary required):
Build your own single-page website → Encrypt your mnemonic phrase and convert it into a number string → Upload the number string to your own website.
Weekly Hot Topics Intensive Review
In the past week, the US SEC issued a statement on broker-dealers' custody of crypto asset securities , released guidelines for crypto asset custody , and systematically outlined wallet types and key risks; HashKey listed on the Hong Kong Stock Exchange ( first day observation ); and five crypto companies, including Ripple, Circle, and BitGo, were approved to become trust banks ( interpretation ).
In addition, regarding policy and macro markets, SEC Chairman Paul Atkins warned that cryptocurrencies could become a tool for financial surveillance ; US Treasury Secretary Bessant: The macroeconomy is expected to pick up in the first quarter of 2026;
In terms of opinions and statements, Bitfinex Alpha report: 2026 will be the year of liquidity , with crypto ETP assets under management potentially exceeding $400 billion; Bitwise released its top ten predictions for the crypto market in 2026 : the bull market will continue, and Bitcoin will continue to reach new highs; 10x Research: everyone is optimistic about 2026, but the data does not support this view ; Twenty One Capital CEO: shorting the dollar and going long on BTC is part of the company's business; Delphi Digital: cryptocurrencies are no longer the only investment option, and crypto concept stocks are having a draining effect on altcoins ; Trump's "embracing crypto" is reshaping the structure of the US stock market, but the risk of high volatility is spreading to traditional stock markets ; a16z Crypto calls on the US CFTC to clarify blockchain protocols and application rules as soon as possible; Moonrock founder: bullish on the application layer, bearish on infrastructure ; CBB: the altcoin season is approaching, governance tokens are the future ; the US SEC has ended its investigation into the Aave protocol ; Aave founder: the three strategic pillars for next year are Aave V4, Horizon, and Aave. App; Multicoin co-founder: Ethereum was my crypto mentor, my first source of wealth , and the fastest asset in history to reach a market capitalization of $100 billion, but I abandoned it in 2017; Uniswap founder: The Uniswap Unification proposal has been submitted to the final governance vote, and if it passes, 100 million UNI will be burned ; Circle's acquisition of Axelar sparks controversy;
Regarding institutions, large companies, and leading projects: Nasdaq plans to extend trading hours for stocks and trading products to 23 hours ; Securitize will launch "real" rather than "synthetic" stocks on-chain, with full shareholder rights; JPMorgan Chase will launch its first tokenized money market fund on Ethereum, injecting $100 million as seed funding; Visa announced the launch of stablecoin advisory services; Strategy Security passed the Nasdaq 100 index adjustment but still faces the risk of being removed from the MSCI index; Binance released a project listing path framework and application guidelines ; Stablecoin U launched : listed on BNB Chain and Ethereum, integrated with mainstream DeFi protocols such as PancakeSwap and ListaDAO, and listed on the centralized exchange HTX; Binance Wallet launched Web3 lending functionality , integrating the Venus protocol; Binance launched Pay and scheduled withdrawal sending functions ; Tether launched the peer-to-peer password manager PearPass; MetaMask supports fiat currency purchases of Bitcoin ; Kalshi CEO: Kalshi officially launched its Combos feature , with a record-breaking single-day trading volume of $340 million; WLFI released a governance proposal to use part of its unlocked vault funds to incentivize USD1 adoption ; RateX announced its token economic model , with a 6.66% airdrop in the first quarter; Canaan Technology launched a $30 million stock buyback program.
In terms of data, Ethereum and L2 network lending revenue account for approximately 90% of the total crypto market revenue; North Korean hackers stole $2.02 billion in cryptocurrency in 2025 , setting a new record; Juventus' stock price rose nearly 14% after rejecting Tether's acquisition offer, while Juventus ' fan coin JUV once fell by more than 13% ;
In terms of security, 0G Foundation: Contracts were attacked, resulting in the theft of 520,000 0G tokens ... Well, it's been another tumultuous week.
Link to the "Weekly Editor's Picks" series is attached .
See you next time~
