“Editor’s Picks of the Week” is a “functional” section of Odaily Planet Daily. Despite Odaily Planet Daily covering a vast amount of real-time news each week, it also releases many high-quality in-depth analysis pieces. However, these articles may sometimes be hidden within the information flow and trending news, passing you by.
Therefore, our editorial team will select some quality articles worth reading and saving from the content published in the past 7 days every Saturday. These articles will provide you with new insights from perspectives such as data analysis, industry judgment, and opinion output, bringing inspiration to you in the encrypted world.
Let’s read together:
Investment and Entrepreneurship
Incredible inflow of American spot ETFs, why no major increase in BTC?
After the emergence of the Runes protocol, the number of active addresses decreased, the network’s processing of transactions increased, and the initial driving factor for the decrease in address activity was mainly due to the decrease in the usage of Runes and Ordinals. Rune-related transactions have now largely replaced BRC-20 tokens, Ordinals, and Runes, accounting for 57.2% of daily transactions. This indicates that speculative behavior of collectors may have shifted from Runes to the Rune market.
Another recent divergence of interest is that despite the incredible inflow of American spot ETFs, the price remains stagnant, consolidating sideways. ETF demand is becoming divided, with an increasing number of traditional market traders adopting spot arbitrage strategies apart from the selling pressure on GBTC when the market rebounds to new highs. Spot arbitrage trading structures may be an important source of demand for ETF inflows, with ETFs being tools to gain long spot exposure. The need for non-arbitrage demand to bring organic buyers further stimulates positive price action.
Exploring the best token distribution structure: Unlock 5% in TGE, circulating supply not exceeding 15%
Trading based solely on speculation, smart money movements, or technical analysis is a bad idea.
How to view the DWF controversy?
This bull market has reached the extreme pursuit of “simple and highly volatile” emotions: DeFi has been labeled as overly complex, with more complexity leading to easier loss of money; NFTs used to be the highest target in storytelling and pie-in-the-sky space, but there is no sign of a second outbreak even in this round.
After the various “elite” market makers in the last cycle experienced events such as FTX and LUNA, the results were also very tragic. In such an environment, the highly controversial DWF emerged in this round, playing the role of a stimulant in this special era known for using only strong medicine. DWF focuses on market-making but also invests in many projects, hence, DWF often triggers controversy due to its aggressive trading strategies, leading to accusations of market manipulation.
In fact, DWF “gives you what you want” in a highly controversial way, such as $NOT $FlOKI $LADYS, capturing the main emotions and forces of users in this round. In the current market environment, it seems to have taken advantage of the right timing, location, and people.
Airdrops
Understanding the airdrop mechanism: How can you design a satisfying airdrop?
Project teams should consider intent and expectations, airdrop quantity, national qualifications, token distribution, Sybil handling, claiming vs direct to wallet, unlock date/unlock schedule.
Meme
Hotcoin Research: How will the US election impact the crypto market and which tokens will be boosted?
Key time points of this US election: June 27 (first debate), July 15-18 (Republican National Convention), August 19-22 (Democratic National Convention), September 10 (second debate), November 5 (general election), December 2024 (electoral college vote), January 20, 2025 (inauguration day).
Popular tokens in this US presidential election include MEGA, TREMP, BODEN, PEOPLE, USA, and PEPE.
Additionally, the Trump team accepts donations in eight cryptocurrencies: BTC, ETH, DOGE, SHIB, XRP, USDC, SOL, and 0x (ZRX).
Meme Token Ladder Unveiled: Where does your investment stand?
An entertainment-oriented article:
Also recommended: ”
Tracking Smart Money on the Chain: Top 10 Meme Coin PVP Masters and Their Performance
“.
Ethereum and Scalability
Galaxy Partners: MEV will play a crucial role in the block space market
Advantages of block space: strong net income profit margin, easy network effects, continuous expansion of block space size over time, and MEV’s external demand multiplier effect.
Weaknesses of block space: low gross profit margin, but improving; strong cyclicality.
DA Track Core Projects
In DA projects, factors like security, customizability, interoperability, and cost are crucial.
The article further introduces Celestia, Eigen DA, TNA Protocol, Avail DA, and Near DA.
Multi-ecosystem
Grayscale Report: Smart contract competition, who will lead the fee and growth track?
Different smart contract platforms adopt different strategies for fee income. Some platforms increase revenue by setting relatively high transaction fees, while others attract more trading volume by lowering transaction fees.
Grayscale’s research shows that fee income can be seen as the main factor driving token value growth in this field.
How to maximize interactive income in the Aptos ecosystem?
As a public chain with a total financing of $350 million, among the top 5 protocols in the Aptos ecosystem’s TVL, 4 have not yet issued coins.
The article further introduces several potential projects and their interaction methods: Aries Markets, Amnis Finance, LiquidSwap, and Cellana.
To maximize interactive income, you can: (1) mint stAPT and deposit it in Aries Markets, borrow APT, exchange about half of the APT for amAPT on LiquidSwap, and provide amAPT-APT liquidity on LiquidSwap; (2) deposit zUSDT/zUSDC in Aries Markets, borrow zUSDC/zUSDT, exchange half of the borrowed stablecoin for another stablecoin on LiquidSwap, and provide stablecoin pair LP on Cellana.
LayerZero’s token launch is imminent, which community projects have a chance to receive airdrops?
Recently, LayerZero’s co-founder and CEO, Bryan Pellegrino, announced that the final version of the witch addresses list will be released before the end of June, with the airdrop planned for this month. The article also selected some projects:
Public chains: Manta Network, Astar Network, Core Chain, Sanko GameCorp, LIF3, Canto;
Infrastructure: Clusters, DappRadar;
DeFi Trading Cross-chain: Magpie Protocol, KelpDAO, ether.fi, StakeStone, Pendle, Equilibria Finance, Ethena, Prime Protocol, Extra Finance, dump.trade, Clearpool, Beethoven X, Olympus DAO, SpartaDEX, Maverick Protocol, GMX, Abracadabra, Balancer, Aura Finance, Beefy Finance, Beraplug, XEX Labs;
Game NFT: Gh0stlyGh0sts, Beam, Battle, Kanpai Pandas, Utility Wen NFT, CryptoRasta, Heroes Empires, Honey Jar, Tiny Dinos, GnomeLand, OmniDoggos, Halls of Olympia;
Other: Omnichain 404, Tradable, SQUID Game.
DeFi
Eigenlayer vs Symbiotic, the war of redelegating begins
Symbiotic, characterized by its permissionless and modular design, provides more flexibility and control. Key features include multi-asset support, customizable parameters, immutable core contracts, and permissionless design.
Eigenlayer adopts a more managed and integrated approach, focusing on leveraging the security of Ethereum ETH stakers to support various dApps (AVS). Features include a single asset focus, centralized management, dynamic markets, and reduction and governance.
As a user, depositing funds in Mellow will earn you points in both Symbiotic and Mellow.
Symbiotic is aggressively catching up with Eigenlayer. Karak needs to step up the pace.
Web3
Decentralized Identity: Can on-chain reputation become the anchor of trust?
In the crypto space, reputation takes various forms, such as protocol trust, lending credit scores, and project founders’ records. Only after considering all these factors can a system be applicable to many use cases, incorporating on-chain reputation factors into “offline activities” based on decentralized identity public queries.
Introduction of reputation measures, blockchain analysis companies based on on-chain behavior including Chainalysis, and DeBank creating DeBank credit scores. Another interesting attempt to create “verifiable proof of verification” is being carried out by Ethos Network.
Developing a truly standardized and universal on-chain reputation system will face challenges such as centralized solutions, the possibility of manipulating/buying crypto reputations, the need to protect privacy, and the need to go beyond single wallet attachments and be universally applicable.
Examples and practical scenarios where on-chain identities may be helpful: open CVs, celebrity token issuance, meme developers, KOL sales, loyalty programs.
Weekly Highlights Recap
In the past week, the Fed’s dot plot suggests four rate cuts in 2025; the US SEC chairman expects approval for the Ethereum ETF S1 this summer; Trump calls himself the “cryptocurrency president” at an event; Trump meets with top miners to ensure key Bitcoin industries stay in the US; Elon Musk dismisses litigation against OpenAI and its co-founders Sam Altman and Greg Brockman; CryptoQuant: the second half of the bull market has just begun; billionaire Bill Miller: Bitcoin is still severely undervalued; Wintermute CEO: Ethereum leaders are in a “major contradiction”; Uniswap founder: before L1 is ready, Ethereum L2 should not focus on immutability; Solana co-founder: increasing competition among block producers may be a potential solution to solve the MEV problem; He Yi: Binance and Coinbase are not in the same league; Fortune: Terraform Labs is bankrupt and unable to pay a huge $4.47 billion fine to the US SEC; Institutions, major companies, and top projects: zkSync launches airdrop query, involved in insider trading scandal, ZKsync responds to airdrop queries: addresses receiving tokens at 0 value are test addresses, tokens will be burned; Aethir starts airdrop; Curve founder finally liquidated, liquidator profits, investors suffer, Curve founder: repaid 93% of CRV bad debts on Curve lending platform; Arbitrum community votes on the “2 billion ARB game catalyst plan”; friend.tech to collaborate with Conduit to develop Friendchain using FRIEND as a gas token; in security news, a user claims their OKX account was hacked with assets worth 5 million yuan, OKX fully compensates two hacked account users, plans to add mandatory Google authenticators for the future, OKX Star responds to QuantMatter account hack of $11.6 million: no commonalities with other cases, still under investigation; Loopring: some smart wallets targeted in security vulnerability attacks; ZKsync faces large-scale witch attacks on X platform, with many bot accounts spreading false information; UwU Lend attacked; Holograph contract attacked, hacker illicitly mints 10 billion HLG tokens… Well, it’s been another rollercoaster week.
Attached is the series “Editor’s Picks of the Week”
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See you next time~
