Vito eth

《Atypical Bull Market》

According to Shenyu's theory, make different asset allocations at different asset levels, while taking into account stability and explosive power. (I also do this)

Successful cases in atypical bull market: #SUI #BNB #BGB I think #SOL cannot be calculated conventionally. If it weren't for FTX's crash, the price of SOL would not have fallen to such a low price, so SOL's excess return is the result of the "black swan" event.

Wrong case:#ARB#OP LST track and other Ethereum ecosystems....#APT#DOT#AVAXand other public chains did not outperform #BTC.

If an atypical bull market is established and BTC is decoupled from other assets, then new projects will have to be repriced and valued in the future. If the market cannot reward innovators and risk-takers, the dividend effect will disappear.

On the chain alone: ​​The prosperity of the chain is a concrete manifestation of insufficient liquidity. It is obviously possible to reach tens of billions, but the speed of passing 100M or even 1B on the chain may be the ceiling. It seems that there is a wealth effect, but in fact it is a manifestation of diminishing wealth effect. (After all, the users that can be reached on the chain and the ease of operation need to be improved)

BlackRock applied for a pledge of #ETH type ETF.
E Guards 💂🏻‍♀️ are saved!

#ETH Dare to hold on for a long time? The consensus among the big players.

From Duan Yongping's "大道" drilling logic, it's not that non-monopoly companies don't invest heavily; Kweichow Moutai and Apple are both monopolistic companies in their respective fields. The biggest characteristic of a monopolistic company is that you either don't buy it, or you have to buy it.

#ETH has the potential to become such an asset, while #BTC has already proven to be such an asset. If putting assets on the blockchain makes sense, then it can be seen that a large number of core assets will choose to operate on Ethereum, while also making some exploratory deployments on other chains.

Are there any other crypto assets with the same logic?
It's not that we hope everyone will buy, but rather that they have to buy, as there is a strong moat.

The most realistic application scenarios of AI + Crypto.

A total of six large models are competing: GPT, DeepSeek, Grok, Gemini, etc.

The amount is 10,000 US dollars in original funds.

Targets: #BTC #ETH #SOL BNB DOGE XRP

Platform: Hyperliquid

With the same prompts, it currently seems that DeepSeek and Grok are leading among different models.

Everyone remembers, Liang Wenfeng is originally from 'Phantom Square Quantitative'.

We are facing the largest 'value divergence' in the history of cryptocurrency❗️

Naval believes that without the crypto punks defending encryption and the unstoppable dream of money, everything will become meaningless and short-lived.

Desperate gamblers chase their first pot of gold while investors fund the casino, exchanges hypnotize the masses to earn fees.

@jessepollak upholds the banner of justice, opposing the high listing fees of exchanges.

Zerebro co-founder @omedia_jyu responds to the call by real-naming the listing fees of major exchanges and the chip requirements of top market makers.

This includes well-known Wall Street investors, project parties, and exchange owners who did not let retail investors make money.

All unified under the old school that advocates for technological innovation in crypto punk.👴🏻

The other faction is too large to have each person represent it, resembling more of a collective, a new crypto culture.

On-chain MEME leaders, who never discuss the native crypto punk technology, primarily focus on keenly capturing on-chain hot spots and capital flows, advocating the saying that a black cat or white cat that catches a good cat
🐈 is a successful 'success master.'

Another type is the gods of trading, seeking the most liquid places for high-leverage bets on big brands, using events and emotions as primary indicators to gain profits through high leverage, ultimately achieving fame and success.

This faction can be summarized as the 'realist' new type, with liquidity and profit as the ultimate goals, unrelated to native crypto technology, focusing on liquidity and traffic capture.

It can now be concluded that VC + project parties 'pay taxes' to liquidity providers. Because the tax burden is too heavy, it has already determined an end before it even starts, and the cycle of copycat coins is no longer trusted.

So what to do? At this time, #Memecoin has arrived! A great alternative, market makers have more large-scale rapid projects starting from 0 to operate, and CEX can gain trading volume and reputation.

The collapse a couple of days ago was just a wake-up call. What is seen on the table is not surprising; what is beneath the table is the core.

Capital never sleeps! #BTC #ETH

Taobao merchants replaced by live streaming sales

Taobao is about searching for consumption, where individual consumers need to search for what they want and compare and research (investment research) within the same category before making a bet.

Live streaming sales are more intuitive, allowing you to see the wealth effect, making it possible to purchase directly with one click, and there is no option for a 7-day no-reason return.

Stimulating consumption is the goal; the form is just different.

#BNBChainMeme热潮 MEME is the live streaming sales in the cryptocurrency track, and countless social networks 'preach' and 'build' are all forms of presenting live streaming content. You can quickly find products on the launch platform, and hosts will showcase their victorious outcomes, but in the end, most are just the difference between buyer shows and seller shows.

Q4: Predicting the Market Season 🦅

Last month, when Prep dex was at its peak, I had a meal and tea with a few friends, and we talked about the possibility of betting on the Q4 market that might explode, and we reached a consensus that it is the prediction market.

Reasons are as follows 👇

1: The prediction market is similar to the "gambling" market, and the crypto market itself tends to favor such tracks. For example, the previously booming Perp dex, because only by being associated with "gambling" can the platform maximize its profits, allowing for sufficient profits to support a high FDV.

2: The capacity of the market is large enough. Looking at the valuation of the leading #Polymarket , it has already been determined to be a target above 10B. A sufficiently high valuation allows for large capital layouts and speculation, which is somewhat different from MEME, and ample liquidity is another key reason.

3: The combination of technical narrative + traditional world. Vitalik Buterin and Founders Fund co-founder Peter Thiel are betting on the same track with two ideologies, which is a phenomenon that is hard to see in other tracks.

Of course, @Polymarket was invested by ICE with a valuation of 9 billion USD for 200 million USD, and many people are worried that this investment implies that #POLY will not issue tokens but go public instead. Many friends around me have also come to ask me, but I firmly believe that tokens will definitely be issued.

I have found many clues and believe that they should not miss the opportunity to issue tokens.

Account bans: If you go to Polymarket to see the rankings, you will find that many accounts with huge trading volumes but balanced profits and losses have been banned. I have discovered at least ten such accounts, all with trading volumes above 100 million USD but have not interacted for a long time.

Hidden leaderboard: In the early days, as long as you interacted, you could see your trading volume, but after the last update, you can only see the addresses ranked at the top and cannot see your own trading volume, which indirectly indicates that the team is taking preventive measures against malicious brushing of orders to attract airdrop addresses.

Finally, I would like to mention that Kaito's last over-200 million fundraising Limitless has already well demonstrated the direction of everyone's bullets. If you haven't gotten in, please don't miss this new opportunity.

A meme coin "gold content" of a chain #BNB

A pool with a market value of several million USD can create a market value of several hundred million for MEME

A MEME with a market value of several hundred million USD can generate multiple profits of several million in earnings

How many users can the headlight bring to buy #BNB , hoping to become the next lucky one

It has spiraled up, and asset issuance remains the primary productivity of the industry.

Liangxi "the Grand Marshal" has begun to lament the industry's predicament 😂, which shows that the current version of Crypto has made many people uncomfortable. As a veteran of 7 years, I deeply feel the changes happening behind the scenes.

The allocation of industry resources is increasingly concentrating towards the top players; the leading players are well-fed, the mid-tier players are barely getting by, while the bottom retail investors are drowned by the "token factories" in a sea of endless junk tokens.

This concentration trend makes the industry very interesting. Looking at the identical candlestick charts, one can see the masterpieces of market makers; these tokens become the "trophies" they leave for the market. Wherever the funds flow, liquidity follows, and naturally, the pricing power is also held there. Various public chains, stablecoins, CEXs, Perpdex.... are all doing one thing: competing for resource allocation.

Today I looked at #VitalikButerin in the conversation between Mr. Xiao in Singapore. The expression no longer has the brilliance of 2018, possibly due to the age of peers; one can feel a greater sense of fatigue. His direction seems to have not changed much, but the market has already undergone tremendous changes. The market no longer listens to his voice, but instead tries to test his bottom line.

Finally, to conclude with a sentence: "I hope V can lead the innovation trend again to reverse the current situation of the powerful ruling."

#BTC #bnb #ETH

If you miss the Binance life, just go long #BNB

@CZ publicly called for DEVs to come and post Mid-Autumn MEMEs, and by then #BNB had already reached a high probability, going directly into a 5x long position on BNB.

@Yi He also responded to users' posts about missing out on the "Binance life," which further confirmed this.

This is the "shanzhai season" of Binance; if you aren't sharp enough, you'll drift further away from the original version. Buy BNB, be a pig🐖 on the wind of #BNBCHAIN .

2025.10.5

1、#ASTER The second season ends on October 5.
The third season seamlessly connects and lasts for 5 weeks, ending on November 9.
The total amount of airdrop for the second season is 4% and the current coin price is around 600 million USD.

2、APEX opens blind mining, another Perpetual Dex supported by a CEX starting with B.

3、tcg platform craze

Let's talk about the general operation principle of the tcg platform. The platform collects physical cards, packages them, and sells them on-chain with a markup (approximately 25%). Users draw cards through gacha, and those who draw good cards can profit. Other common cards can be sold at a discount (generally 15%) for the platform to recycle. So, in fact, they make several price differences here. The main reason is that the users in this market are relatively scarce, and drawing cards can be addictive. Most users will sell at a discount to continue drawing, which keeps the cycle going.

Representative: #cards Price around $0.25, Market cap $50M, FDV: 468.6M

Steady Earnings — Mouth Earnings — Hand Earnings

Can’t deposit money into #Plasma .
I looked at the top ten rankings and found that the market lacks not liquidity.
What’s lacking is the sentiment of taking over, the confidence in altcoins.
Everyone is holding stablecoins, the 'steady earnings' big players.

Mira can’t outdo others in mouth earnings
Mira is on the Kaito Yapper leaderboard.
After seeing several KOLs already post lengthy articles, all interest vanished instantly.
A $2.5 million reward pool, the top 200 can share 0.5%
Expected to be another big mouth earnings of over 2000u.

@币安Binance华语 Alpha New Policy
Providing liquidity to earn last year's return + Alpha points.
The latest project PUNDIAI has already reached 237 points
For someone like me who earns 15 points a day, I can basically quit my job.

Can’t deposit money, can’t earn from mouth earnings, can’t outdo Alpha.
I’ve decided to lie down where I fell.

《Ice and Fire》

1: Taco trade opportunity has reappeared

Trump vs Musk: After the OBBBA bill, the two have started to clash, and after their sweet period, they can no longer tolerate each other's views. One is a technological idealist and libertarian, the other is a realist in power.

Tesla's stock fell 15% in one day, marking the largest single-day drop this year. Those who do business should not get too close to politics, a misstep can be costly. (I also dislike disloyal individuals)

2: Communication between major powers

The leaked information is positive, with both sides making some progress on trade agreements, and there is a chance for a meeting.

3: James Wynn's confession

His account went from $3 million to $100 million and now down to $700,000, becoming increasingly trapped and losing control. The tens of thousands of onlookers caused him to lose his reason, yet another wealth myth has collapsed, reminiscent of the red and blue brothers seeing red in their eyes.

4: Circle's stock debut exceeded expectations

The long-awaited alt-season has arrived in the U.S. stock market! From the initial valuation adjustment to opening revenues reaching a market cap of $20 billion, one can only say that liquidity and capital are still in the U.S. stock market. Poor families holding altcoins in the crypto world.

Truly, take it one day at a time; every day brings unexpected events. No one knows what tomorrow will bring. Just a blind guess that the two will soon stop this farce, #TSLA #BTC copy if you must.

When PUMP.FUN issues tokens, the MEME launch platform has reached its conclusion.

1/ The valuation of the final feast is too high

As the leader in the track, PUMP issues tokens with a valuation of $4 billion. Compared to the top DEX Jupiter on SOL, which has a current FDV of only $5.4 billion, the valuation is quite high.

2/ Hosting guests in a high-rise

As the engine of this round of MEME tracks, #pumpfun created the concept of 'everyone can issue tokens'. What is seen at the front desk is the wealth effect of 10x and 100x in a short time, but behind it, countless DEV (conspiracy groups) are its core.

With everyone's response to the wave of VC tokens with high valuations and low unlocks, there was a time of 'fame and fortune'. However, as the project team continues to sell tokens, it has caused dissatisfaction from the SOL Foundation and the SOL community. This behavior of only taking and not giving back has led to backlash.

With the rise of other launch platforms and the weakening of the MEME wealth effect, PUMP has made no other changes to the protocol itself and ultimately chose to issue tokens for the final liquidity harvesting.

When a highly profitable track leader starts issuing tokens, it often signifies a weakening of the wealth effect in the track, making it impossible to continue forming a positive spiral. Coupled with the experiences from the previous two major tracks of inscriptions and NFTs, the window period given is actually very short. No one wants to end up being the new @Opensea , playing a good hand poorly in the end.

In summary, issuing tokens is an inevitable choice and signifies that the MEME track has likely hit its ceiling. If there are no new gameplay and incentive models, the first to exit will not be the P small generals, but countless DEVs.

3/ Version iteration

The industry is constantly iterating. The end of a track may be accompanied by a brief period of pain in the industry, but after the pain period comes a new round of wealth transfer.

After PUMP issues tokens, it will inevitably cause a withdrawal of market liquidity, particularly impacting #sol and a host of altcoins. Market liquidity is shared; if someone takes away a bucket, the water in the tank becomes less and less.

4/ Where are the opportunities for retail investors

CEX arbitrage: Adopt an attitude of getting something for nothing, observe the activities of major exchanges, take advantage if possible, and sell if you can after going live. @币安Binance华语 hLaunchpad Binacne alpha airdrop.

Arbitrage opportunities: Pay attention to the price differences on exchanges before the opening. If there is profit, arbitrage by preparing funds on-chain in advance.

The season may really be over, but the new season has already begun.

"Better Late Than Never" #ETH

Actually, I have seen EF's recruitment information in various places over the past period, which coincides with this round of layoffs and restructuring. I actually prefer 'blood replacement' rather than layoffs. The article also mentions that they are looking for new members to join, UX Lead and Performance Engineering Lead.

There are a few core points in the article 👇

1/ Clarify short-term goals: Expand Layer 1, expand Layer 2, improve user experience.

2/ Restructuring and personnel adjustments: Responsibilities assigned to specific individuals to resolve messy situations.
Increase collaboration efficiency, enhance transparency and competitiveness.

3/ From research to implementation to mass production.

EF has long been criticized for being 'politically correct' and 'white left', only conducting research without expressing an exit attitude. This should change.

They have realized the importance of Protocol and the team's open attitude towards collaborative work on the protocol.

So let’s do it together. Let’s ship Protocol. 🔥

Looking forward to the new generation of EF bringing new innovations and not wasting the good soil.

《Is Decentralization Right or Wrong》

1: #TACO (Trump Always Chickens Out) embarrasses Trump. The “Taco trade” is becoming a popular topic of discussion among mainstream institutions.

As previously predicted, after Trump took office, it would definitely be “wide fluctuations” + buy the dip. With his experience from the first term, everyone can imagine he can stir things up; understanding the old man's temper is like having a weather forecast—bringing an umbrella when it rains.

2: There is a dispute over "Um Frog" on CT.
The two major car company bosses in the country are also confronting each other.
It's a clash of values between the old and the new.
In this intense competition, they can't even get enough to eat, so they can only confront each other.
Confrontation can attract attention, whether from retail investors or officials.

3: I watched “Mission: Impossible 8” yesterday. Tom Cruise at 63 can still shoot on a plane; I can only sigh at the mental strength being the best “nitrogen pump” for men.

There is a particularly interesting “segment” in the middle.
At the moment when Ethan can control the “Intellect,”
he could actually control the entire world at any time.
But he rejected this proposal.
AI Intellect should ultimately be eliminated.
People like new things, but they do not like things they cannot control.

4: The plan for #SUİ has come out.

In simple terms, there was no referendum through “addresses aliasing.”
The stolen funds, apart from running to ETH, can retrieve 60 million dollars.
But with such enormous permissions like SUI, will large institutional funds dare to step in?

The Intellect, as a super AI with self-awareness, ultimately jeopardizes human safety! In the end, humanity created it, and also destroyed it with their own hands.

There is no right or wrong, only pros and cons.

#BTC #ETH

"Web3's Text Revolution or Text Great Leap Forward" #LOUD

When text and content have prices.
Content itself is no longer an expression, but a "commodity".
To become a commodity, it must have a price.

Content = priced product Attention = quantifiable traffic pool.
When trust is priced, trust depreciation and speculation will occur.
Over time, "telling the truth" becomes a luxury.

Whoever sets the price for it, pays for it.
@stayloudio has introduced it very completely.
Using IAO to launch is indeed a marketing genius, the top 1,000 whitelists on the list.
After the launch🚀, the transaction fees are allocated to the front row, allowing KOLs to continue to roll.

I don't understand what reason there is for liquidity to buy except gamble. If it can be empowered, it is reasonable to let the B-side project pay for it.

Positive impact

✅Incentivize KOLs to create content, and the amount of content will increase exponentially.

✅Financialization of content , opinions have a price, good content has a good price.

Negative impact

❌High degree of content homogeneity and low quality.

❌Information source pollution, whoever pays will have a louder voice

❌Content bubble, content no longer serves the truth, but only serves the price.

When information is priced, opinions become speculative.
When content has a price, the truth is no longer free.

#SSV FDV 50M TVL 5.33B Sensible

Is it a return to value or a value gap? A strange bull market has brought many inexplicable phenomena, from dream earnings ratios to market shares. The market has become less straightforward, experiencing the pain period after the dividend phase.

Today I saw @lanhubiji discussing stablecoins. The ever-increasing market value of stablecoins in the entire blockchain industry and the continuously declining coin prices—do you say there’s no liquidity? Stablecoins can be seen on-chain; so do you say there’s liquidity? #ETH has been continuously declining.

Looking at the market based on past logic is just inflow of funds + new users + dapps + leverage.

#SOL is taking the DAPP + existing user migration route.
#TRX is taking the route of continuous destruction of transfer fee income.
#BNB, as a platform coin, establishes a moat through division of labor and buyback and destruction.

Essentially, it is all about leveraging one's advantages to absorb existing stocks. Lacking the two engines of new additions and leverage, BTC has the continuous support of ETF and @saylor as external leverage. If altcoins hope not to be drained, it is certainly necessary, and this is uncontrollable. However, attracting external users and liquidity through innovation is controllable.

Stablecoin War 🔥

From #USDT to #USDC , from #DAI to @Ethena, stablecoins have become the 'invisible hand' behind this bull market. This is a story of the integration and evolution of the dollar and the crypto world, and one of the most profitable crypto narratives 👇

1: The Birth of Stablecoins

The story begins with USDT @Tether_to, launched by the Bitfinex team, which promised 1 USDT = 1 USD, solving the 'lack of fiat channels' problem for exchanges. However, #USDT has always been accompanied by controversies regarding 'whether there are real dollar reserves'. Even now, USDT remains the largest stablecoin in the crypto market, even though it is a black box.

2: The Compliance Faction Emerges

USDC #TUSD and @Paxos have emerged because USDT is too profitable, and with its black box shortcomings, compliant stablecoins backed by the US banking system have gradually appeared. Thus, stablecoins entered the digital dollar era, and exchanges like Coinbase and Binance began to support their partners.

3: The Exploration of Decentralized Stablecoins (Algorithmic Stability)

The rise of #DAI led by MakerDAO opened the 'algorithmic stability' era, generating stablecoins through collateralizing assets like #ETH, USDC, #BTC, etc. However, as USDC became increasingly 'centralized', #UST eventually peaked, and the market saw a collapse in 2022 that also brought down the entire market. The market has since returned to an extremely cautious state regarding 'non-collateralized' stablecoins.

4: Yield-bearing Stablecoins

#USDE utilizes delta-neutral arbitrage to generate stablecoins while early users received annualized returns of 25%+; combined with the sats airdrop strategy, TVL surged. This was the first large-scale validation of 'yield-bearing stablecoins'.

USDT still firmly holds the leading position, USDC seeks to go public, US Treasury bonds become the consensus, #USDE relies on yield and airdrops to rapidly absorb TVL, and #FDUSD is tied to Binance's traffic. This war without gunpowder has once again begun; whoever wins the stablecoin battle wins the liquidity.

#Wintermute may be involved in brick-moving, selling on-chain and buying on exchanges.
Suddenly, there was a flash crash in the exchange, and they have a large number of chips on-chain to arbitrage.

The specific reason for the flash crash may be that @binance adjusted the ACT leverage position limit, and some market maker positions, after all, cannot be closed in a short time and can only be passively liquidated.