Weekly Editor's Picks (November 15-21)
"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
Why does your coin keep falling despite all the major positive developments in this cycle?
Revenue ≠ profit, and adoption ≠ increase.
The market doesn't care about your story; it cares about the gap between price and fundamentals. Cryptocurrency is no longer the hottest trading instrument; AI is.
Businesses follow commercial logic, not ideology. We are still too early to judge the effectiveness of technology like primitive people do, using token prices to determine its effectiveness.
In the future, those who can aggregate users will capture most of the value.
Why hasn't Bitcoin's hedging narrative materialized? Five macroeconomic indicators reveal the truth.
The system is entering a more fragile and error-prone phase. 2026 could be a major turning point for Bitcoin.
DappRadar, yet another tear of a bygone era.
DappRadar's seven-year trajectory encapsulates the common commercialization challenges faced by such projects: high value, low fees, rigid costs, and rapid narrative iteration. Its closure offers a stark lesson for those who follow: if the business model cannot be closed-loop from day one, even the most authoritative data cannot prevent it from "bleeding to death."
The history of SoFi.
Also recommended: " Arthur Hayes: His heavy bet on ZEC was inspired by a wise man; the best investors fight internal battles ," " ZEC rises against the trend, what other projects in the privacy sector are worth paying attention to? " and " After saying goodbye to Twitter noise, I finally stopped 'suicidal trading' in the crypto market ."
Airdrop Opportunities and Interaction Guide
The Airdrop Hunter's Arsenal: Six Key Indicators for Screening Truly High-Potential Projects
Protocol fundamentals and narrative, token distribution and economic model, participation conditions and anti-Syllabus mechanism, costs, input and risk-reward ratio, market environment and timing, liquidity and exit strategies.
When evaluating early airdrops, the following best practices should be followed: do your homework, develop an investment strategy (which needs to be continuously validated), quantify and compare, manage risk and avoid gambling, monitor on-chain indicators, plan your entry and exit points, and continuously learn and iterate.
Also recommended: " Popular Interaction Collection | Moonbirds Badge Collection; Zaifer Adds Galxe Tasks (November 19th) " and " Plug-in Party Benefits: A Roundup of 9 Early Popular 'Daily Check-in' Projects ".
Ethereum and Scaling
Ethereum Interop Roadmap: How to Unlock the "Last Mile" to Mass Adoption
Cross-chain focuses more on assets, mainly solving the "transfer" problem; while interoperability covers multiple dimensions such as assets, state, and services, aiming to solve the "collaboration" problem.
The Ethereum Foundation's (EF) recent announcement of a new UX roadmap, along with a series of projects surrounding withdrawal latency, messaging, and real-time proofs, are piecing together the interoperability puzzle.
Is building your own Layer 2 public chain the ultimate strategy for Ethereum DAT to increase mNAV?
Currently, a clear leading player has emerged in the Ethereum Treasury market, with their asset size and market influence growing daily. The top three in terms of holdings are Bitmine, Sharplink, and The Ether Machine.
Compared to Ethereum ETFs, DAT demonstrates greater strategic flexibility and initiative in asset management, such as participating in staking, lending, and building its own nodes to earn MEV rewards. Building its own Ethereum Layer 2 network represents a fundamental strategic leap for the company. The risks and challenges associated with this move include: the use of blockchain for payments by DAT's upstream and downstream partners, competition from other companies, and a shift in mainnet strategy.
Also recommended: " Vitalik Buterin's full speech: 30 minutes to introduce Ethereum (2025 edition) " and " Exclusive analysis: How does Vitalik's Kohaku use a set of 'Lego' to make all wallets invisible by default? "
Multi-ecosystem
Is Solana truly effective? Multi-dimensional data reveals the real picture of Solana.
Solana remains firmly in the top position of general-purpose blockchains.
In terms of TVL growth, pledged products were the absolute highlight of Solana applications in the third quarter.
Outstanding projects in Q3 include DEX aggregator Titan, DeFi AMM Tuna, stock tokenization platform xStocks, pump.fun, and MetaDAO.
Solana should be wary of the negative impact of popular narratives on brand image.
Also recommended: " Solana: Eight Years - Anatoly's Behind-the-Scenes Account ".
CeFi & DeFi
RWA's main battleground? What is the underlying business logic of stock tokenization?
Currently, there aren't many assets that can be put on-chain and have yield value. Funds that were originally in DeFi are starting to look for valuable assets that can weather economic cycles smoothly. Stocks are a good fit.
The tokenization of US stocks in a broad sense has long faced several persistent and difficult-to-solve problems (such as poor liquidity). However, leading companies like Ondo are actively addressing these issues. The author believes that Ondo Finance has the capability and the justification to take the tokenization of US stocks to the next level.
The industry is shifting from an early revenue structure that relied on call volume to an economic cycle centered on node staking, security budgets, and service fees.
The long-term value of oracle tokens (such as LINK) is now determined by protocol revenue, TVS growth quality, and staking ratio. Valuation logic has also shifted from "narrative-driven" to primarily based on fundamental indicators such as MCap/TVS.
Current estimates suggest that LINK's long-term fair value range is $26–$35; the introduction of a Smart Value Recovery (SVR) mechanism could amplify the overall valuation by approximately 1.2–1.5 times, with a price potential of $40–$45.
Oracles have driven the digitalization of real-world finance and given rise to a new concept of returns centered on data—the information interest rate.
In-depth analysis: Current status and data comparison of the four major Perp DEXs
Advantages and disadvantages of Hyperliquid, Aster, Lighter, and EdgeX.
Stablecoins generate interest through government bonds, through native on-chain mechanisms, and through active management. They share the same name but carry entirely different risks. Understanding their structure is the first principle for understanding the future of stablecoins.
Also recommended: " How to achieve 1000% annualized return using DLMM during a hellish market? " and " For the past five years, DeFi has only been repeatedly creating more elaborate time bombs ."
Prediction Market
How does Polymarket use "mechanisms" to forge "probability"?
The core function of Polymarket is to compress and securitize collective human judgments about future events into a tradable financial asset in real time. The author further derives and verifies the "price is probability" principle, leading to the more reasonable "price = probability - risk fee", and explains in detail what protects the price formation on Polymarket.
Polymarket in Action: A Complete Guide to Finding and Following "Smart Money"
This article reviews smart money accounts on Polymarket covering sports competitions, political elections, and the crypto market.
Also recommended: " Odaily Picks: 8 Handy Prediction Market Trading Tools ".
Web3 & AI
Robotics & Crypto: How will the crypto market capture value as robots begin to replace humans?
Representative projects in the Robotics track include: Openmind (awaiting TGE), PrismaX (awaiting TGE), XMAQUINA (awaiting TGE), PEAQ ($PEAQ, $83M), Geodnet ($GEOD, $62M), Auki ($AUKI, $43M), CodecFlow ($CODEC, $10.9M), Neuron ($NRN, $10.6M), VADER ($VADER, $8.1M), etc.
Safety
With the resurgence of the quantum threat theory, has the foundation of cryptocurrency been shaken?
Weekly Hot Topics Intensive Review
Over the past week, the non-farm payrolls data gave mixed signals, causing a market-wide sell-off and leaving the Fed's December rate cut uncertain.
In addition, regarding policy and macro markets, Japanese regulators plan to reclassify 105 cryptocurrencies, including BTC and ETH, as "financial products," potentially reducing the tax rate to 20%; the Financial Times reports that data gaps will be a major obstacle to the Federal Reserve's decision-making , and the December meeting will face the dilemma of incomplete information.
Regarding opinions and statements: CryptoQuant CEO: This round of decline is mainly due to the turnover of established whales , while the inflow of new institutions remains strong; Tom Lee: The current weakness in the crypto market is due to major loopholes in the balance sheets of one or two market makers ; Tom Lee: This week may be close to the market bottom, Bitwise CIO calls it a "once-in-a-lifetime long-term buying opportunity" ; Bitwise CEO: The 4-year cycle may be broken, and 2025 may become a year of decline ; Arthur Hayes: The decline in Bitcoin is due to the contraction of dollar liquidity , and a short-term pullback to $80,000 to $85,000 is possible; the market continues to decline; Wintermute founder: The real problem in the industry is that exchanges hold all the power of brokerage, order placement, and custody ; DeFiance CEO: Crypto perpetual contracts still have structural flaws and more secure products need to be launched; CZ: On-chain prediction markets and AI will drive more demand for oracles ; Star: OKX Wallet's private key module and all related smart contracts are now fully open source , which is a long-term commitment to promoting transparency and security in the industry; Vitalik criticized FTX : It is "rotating" the Ethereum principles by 180 degrees. A negative example of "moderation";
Regarding institutions, large companies, and leading projects, the Singapore Exchange will launch perpetual contracts for Bitcoin and Ethereum; Coinbase is collaborating with Kalshi to develop a prediction market platform ; Solomon's public offering results were manipulated , and Polymarket predicts a trust crisis in the crypto market;
In terms of security, Cloudflare went down , affecting many Web3 services... Well, it's been another tumultuous week.
Link to the "Weekly Editor's Picks" series is attached .
See you next time~
- 核心观点：加密市场面临结构性调整与价值重估。
- 关键要素：
- 市场转向基本面，叙事驱动失效。
- 商业模式闭环成项目生存关键。
- 预言机与互操作性成技术焦点。
- 市场影响：加速行业分化与价值回归。
- 时效性标注：中期影响。
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