"Weekly Editor's Picks" is a functional column on Odaily Planet Daily. Besides covering a large amount of real-time news each week, Planet Daily also publishes many high-quality in-depth analyses, but these may be hidden in the information flow and hot news, and you may miss them.
Therefore, every Saturday, our editorial department will select some high-quality articles that are worth spending time reading and collecting from the content published in the past 7 days. From the perspectives of data analysis, industry judgment, and opinion output, they will bring new inspiration to you in the crypto world.
Now, come and read with us:
Investment and Entrepreneurship
We have been selling Bitcoin and investing in other projects. Our investors have received good returns. We still hold approximately $1 billion worth of Bitcoin.
Bitcoin isn’t strongly correlated with traditional risk assets, and we’re in the midst of a multi-decade bull market in cryptocurrencies.
Bitcoin is not a bubble. Most people haven’t really gotten involved in this field yet. We are still in the early stages of the industry’s development.
Many smaller cryptocurrencies have not performed as expected. The current market focus remains on the three major cryptocurrencies: Bitcoin, Ethereum, and Solana.
In the blockchain sector, Pantera's investment success rate has reached 86%, and 25 of its portfolio companies have become unicorns.
Even with its lackluster performance and trading near par, Solana DATS could still offer a yield of around 7% through staking, which is far more attractive than traditional ETFs.
Our current investment in Solana has reached $1.3 billion. Solana's market capitalization is currently only 5% of Bitcoin's, but in the long term, we believe it has the potential to surpass Bitcoin.
The Way of Value Circulation: On the Destruction and Redistribution Strategies in Cryptocurrency
In order to maintain the health of the system and the rationality of the incentive mechanism, is it better to destroy assets or redistribute assets?
- When slashing is the initial stage of punishing malicious behavior, reallocating assets is often more efficient than simple destruction.
- When destruction is a core feature of the design and does not involve slashing (such as in a deflationary economic model), there is no reason to implement redistribution.
- When reallocation is a core feature of the design but behaves like a bug, destruction should not be used as a replacement; the design needs to be fundamentally improved.
Also recommended: " Token 2049 Revelation: Innovation Exhaustion, Capital Closure and Silent Migration of the Crypto Industry ", " Odaily Exclusive Interview with 1 Inch Co-founder: Earning an Extra $200,000 in a Single Transaction, the Secret of the Team's High Win Rate Trading ", " He Yi: Opposing, Understanding MEME, and Finally Becoming a MEME, the Clown is Me ", " Tiger Research: An Article Analyzing the Current Status of Centralized Exchange Licenses in Vietnam ".
policy
With Powell's election imminent, what is the potential successor's stance on crypto?
Stablecoins
Tether’s next chapter: From offshore issuance to global compliance infrastructure ambition
Tether remains the global leader in stablecoins, providing access to the US dollar in emerging markets and driving demand for US Treasuries through its reserves.
USDT’s dominance is declining as new regulations and competitive dynamics reshape the stablecoin market, creating differentiation in compliance and revenue distribution.
The roles of Ethereum and Tron in USDT activity are evolving, with Tron maintaining its lead in high-frequency, low-cost payments, while Ethereum's declining fees and increased liquidity are driving broader retail and settlement applications.
Emerging corridors present new growth opportunities, and USDT 0 and stablecoin-focused networks like Plasma are expanding Tether’s distribution to more networks and use cases like payments.
Also recommended: " Analysis of Stablecoin Strategies of Major Global Economies ".
Airdrop Opportunities and Interaction Guide
MetaMask is about to launch a points program. What can I do now?
MetaMask specifically mentioned its stablecoin, Linea, and its own stablecoin, mUSD, and explicitly stated that it would grant additional points to Linea. It's speculated that MetaMask's subsequent activities will also provide Linea and mUSD with additional benefits in terms of ongoing rewards and points.
The author recommends adding liquidity to mUSD on Etherex. First, this can effectively use several of Consensys' "professional" products, Linea, MetaMask, mUSD, and Etherex. Second, even if the MetaMask airdrop expectations fail, it can still obtain considerable mining income through Linea Ignition.
Inventory of major projects that will issue tokens this year
Meteora, Monad, Abstract, Pharos, OpenSea, MetaMask, Rainbow, Football.Fun, Limitless, Lighter, Grvt.
Also recommended: " Q4 Airdrop List: A Comprehensive Review of 60+ Potential Airdrop Projects ", " Airdrop Weekly Report | MetaMask Releases Airdrop Points Details; Meteora Confirms TGE for October 23 (9.30-10.5) ", " Popular Interaction Collection | StandX Official Discord Points Earning Activity; T-REX Complete Tasks to Earn Badges (October 9) ", " Public Beta Launched, How to Participate in Lighter Season 2 Points Plan? ", "The Monad Airdrop, Which Was Once "Smoking" on the Test Network, Is About to Begin. Users Need to Complete Tasks Within a Limited Time to Claim It? "
Ethereum and Scaling
What will be the peak of Ethereum?
The basic assumptions are as follows:
- Ethereum is 250% above its 200-week moving average, corresponding to a price of $8,500.
- The realized price reaches $3,000. If the price-to-realized price ratio is 2.9, the corresponding Ethereum price is $8,700.
- Ethereum's market capitalization reached 35% of Bitcoin's. If Bitcoin's price was $150,000, the corresponding Ethereum price would be $8,600.
- The ratio of Ethereum to the Nasdaq index hit a new high. If the ratio is 0.35, the corresponding Ethereum price is US$8,300.
If the bull market continues, Ethereum's price could break through $10,000. If the market turns bearish, Bitcoin's peak growth will be limited, and Ethereum will also come under pressure. Overall, Ethereum will reach its peak this quarter.
Multi-ecology and cross-chain
USDT's fee-charging dispute: Tether's Plasma conspiracy
- Core positioning: Plasma is a Bitcoin sidechain supported by Tether, aiming to become the ultimate settlement layer for USDT and Bitcoin.
- Business motivation: Plasma's core goal is to help Tether recapture the billions of dollars in USDT transaction fees that are taken away annually by public chains such as Ethereum and Tron, thereby achieving a strategic upgrade from a "stablecoin issuer" to a "global payment infrastructure."
- Technology Strategy: Robust Portfolio: Plasma does not pursue high-risk new technologies, but instead integrates mature solutions that have been proven in the industry.
- Advantages: It has top-notch resources and background, a clear and grand narrative, and is based on the two core assets in the crypto industry (USDT and BTC).
- Challenges: It will face fierce competition from existing ecosystems such as Ethereum and Tron. User migration requires time and costs, and its financial products also face huge regulatory uncertainties.
CeFi & DeFi
Hyperliquid has chosen a radical approach, transcending the performance constraints of existing public chains. Instead, it has built its own proprietary Layer 1 application chain based on the Arbitrum Orbit technology stack, integrating a fully on-chain order book and matching engine. This means that all transaction steps, from order placement and matching to settlement, occur transparently on-chain, while achieving millisecond-level processing speeds. Architecturally, Hyperliquid resembles a fully on-chain version of dYdX, eliminating any reliance on off-chain matching and aiming to become the ultimate "on-chain CEX."
The recently approved HIP-3 proposal introduces permissionless, developer-deployed perpetual contract markets to the core infrastructure. Previously, only the core team could list trading pairs, but now any user who stakes 1 million HYPE can deploy their own markets directly on-chain. In short, HIP-3 allows the permissionless creation and listing of derivatives markets for any asset on Hyperliquid. This completely breaks the limitation of the previous Perp DEX, which was limited to trading only major cryptocurrencies.
Why did the New York Stock Exchange invest $2 billion in Polymarket?
By supporting Polymarket, the NYSE is effectively acknowledging that the “market form” itself is evolving. Polymarket represents the forefront of a digitally native, socially driven, open and verifiable market system, yet still built on a transparent, secure, and globally scalable trust architecture.
The exchanges of the future will price beliefs, probabilities and truths.
Flying Tulip, the full-stack on-chain exchange founded by the "former DeFi king" Andre Cronje (AC), officially announced that it has completed $200 million in private financing and plans to raise another $800 million in public offerings at a valuation of $1 billion to build a comprehensive platform that integrates native stablecoins, lending, spot trading, contract trading, and on-chain insurance.
Flying Tulip will provide all investors with a reversible "redemption" option through a perpetual put option, allowing investors to destroy tokens FT at any time and redeem the principal based on the invested assets (such as ETH).
The author recommends strong participation: first, 100% of FT will be minted at the same price in the form of private or public offerings, which means that the cost for all investors is equal; second, the "perpetual put option" provides sufficient downside protection when the FT price is lower than or equal to US$0.1. Even when it is higher than US$0.1, the potential downside protection will give coin holders strong psychological support; third, Flying Tulip has designed more FT repurchase mechanisms, which may be conducive to the potential upward trend of the coin price.
Also recommended: " In-depth Analysis of Perp DEX: Hyperliquid, Aster, Lighter, edgeX (3) ".
NFT
$490,000 for a “cat”! How did Hypurr become the brightest new star in the NFT market?
After three years of silence in NFT, the wind of hope is blowing again by Hypurr.
Weekly Hot Topics Cramming
Over the past week, Bitcoin surpassed $125,000 , reaching a new high; spot gold surpassed $4,000 ; the BSC meme craze ignited a war of words among leading exchanges; the US government shutdown continued; and a sharp drop in the early morning hours of the 11th set a record for single-day margin calls of $19.1 billion.
In addition, regarding policy and macroeconomic markets, Anthony Pompliano stated that the US government will disclose its Bitcoin purchases at some point in the future ; the US SEC Chairman stated that the SEC plans to officially launch the "Innovation Exemption" before the end of the year or in Q1 2026 ; and Jensen Huang stated that he has invested in Musk's xAI but regrets not investing in OpenAI earlier.
Regarding opinions and opinions, OKX CEO Star stated: "OKX has never and will never artificially create tokens or manipulate the market ." Monad Growth Director stated: "The airdrop will have a time limit , and users must complete tasks within the time limit to receive it." Du Jun stated: "The fund holds 7% of the circulating supply of CRV and 1% of the circulating supply of PENDLE ."
In terms of institutions, large companies and leading projects, the parent company of the New York Stock Exchange is close to reaching an agreement to invest $2 billion in Polymarket ; Ondo Finance completed the acquisition of Oasis Pro and obtained a digital asset service license registered by the SEC; HashKey is considering an IPO; YZi Labs announced the establishment of a $1 billion Builder Fund to increase support for founders of BNB ecosystem projects; Four.Meme is online on the Binance Wallet exclusive token release page; Binance Wallet launched the Binance Wallet exclusive Meme Rush platform , during which 4 times the Alpha points bonus can be obtained; MetaMask GitHub released the airdrop points details : spot has the highest weight, and using LINEA points will double; MetaMask further disclosed the rewards plan , and will distribute more than $30 million worth of LINEA tokens in the first quarter; Aster Genesis Phase II will open airdrop inquiries on October 10 and applications on October 14; Meteora announced the MET token economics : 48% of the supply will be circulated at TGE; Enso opens ENSO Token airdrop pre-registration must be completed before October 12; Monad may soon conduct a token airdrop ;
According to data, on October 7, BNB's market capitalization surpassed USDT ; on October 8, Four.meme's protocol revenue in the past 24 hours surpassed pump.fun;
On the security front, Abracadabra was suspected of being attacked , and hackers have transferred all of the stolen $1.7 million to Tornado Cash; 0G Labs ' official X account was stolen ... Well, it's been another week of ups and downs.
Attached is a portal to the "Weekly Editor's Picks" series.
See you next time~
- 核心观点：加密牛市将持续数十年，SOL或成新王者。
- 关键要素：
- Pantera持有10亿美元比特币。
- 投资成功率86%，25家独角兽。
- Solana市值仅为比特币5%。
- 市场影响：推动资金向SOL等头部资产集中。
- 时效性标注：长期影响
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