"Weekly Editor's Picks" is a "functional" column of Odaily Planet Daily. Based on the extensive coverage of real-time information each week, the Planet Daily also publishes many high-quality in-depth analysis articles, but they may be hidden among the information flow and trending news, passing you by.
Therefore, our editorial team will select some quality articles worth spending time reading and saving from the content published in the past seven days every Saturday, providing you with new insights from the perspectives of data analysis, industry judgment, and opinion output, as you navigate the crypto world.
Now, let's read together:
Investment
The foundation of this rise is more solid than the "double top" market from December last year to January this year;
The current financial environment, inflow of stablecoin funds, and the performance of spot ETFs are all more favorable for Bitcoin's trend than before;
Other key indicators also do not show signs of overheating and speculative sentiment like at the end of last year and the beginning of this year.
Also recommended: Virtuals launches new earning methods, how to stake veVIRTUAL for maximum returns?.
Policy
As the first federal-level stablecoin bill, the GENIUS Act is widely seen in the industry as an important progress for stablecoins to move out of the wild growth phase and officially enter the compliance realm, with the potential to advance towards broader markets like payments.
Within the stablecoin market, the GENIUS Act, which clearly requires dual federal and state licensing regulation, may also become an opportunity for a major reshuffle in the sector. Long-term compliant players like Circle (USDC), which is registered in the U.S., and the Trump family project WLFI (USD 1) may receive stronger compliance endorsements, while the current king of the stablecoin sector, Tether (USDT), may face significant regulatory challenges due to issues like overseas registration and transparency concerns. As a countermeasure, Tether has officially announced plans to launch a new stablecoin in the U.S., and is actively lobbying in Washington to promote more favorable policies.
Never underestimate the significance of the U.S. stablecoin GENIUS Act
Concerns are about to be cleared, standards will be established, and the era of large inflows is imminent.
U.S. stablecoin strategy: reshaping dollar hegemony and the treasury market landscape
The advancement of legislative frameworks like the GENIUS Act not only provides new structural buyers for U.S. Treasuries but also extends the influence of the dollar globally through mechanisms linked to stablecoins.
Which crypto assets will benefit from the passage of the GENIUS Act?
The passage of the GENIUS Act is undoubtedly a milestone for the crypto market, as it binds stablecoins to U.S. Treasuries, providing a new path for the continuation of dollar hegemony while promoting the overall prosperity of the crypto ecosystem.
With the stablecoin bill passed, will FRAX become the biggest winner?
Frax Finance's products are not just stablecoins; they also include liquid staking, lending, L2, and more. However, they have deep roots in stablecoins. Frax was once the issuer of the hybrid algorithmic stablecoin FRAX, but after the collapse of Luna UST, it abandoned the "algorithmic stability" track and transformed into a fully collateralized stablecoin.
Subsequently, FRAX was further updated to frxUSD, using fiat as collateral, with the entire roadmap aimed at becoming the first licensed fiat-backed stablecoin. As a drafter and participant of the bill, Sam naturally has a deeper understanding of the GENIUS Act, making it easier for his project to meet the requirements. Additionally, whether friendly relations with legislators will open regulatory green lights for FRAX's future remains to be seen.
Airdrop Opportunities and Interaction Guide
Binance Alpha's points competition intensifies, but the truth is not as appealing
Solana is one of the ecosystems with the most projects launched on Binance Alpha, aside from BSC. For project teams, after launching on Binance Alpha, especially after the initial hype, there is usually a noticeable pullback and decline. Airdrops and volume-filling activities do not drive price trends upward. For users, the current competition is eliminating ordinary users, turning it into a battleground for professional studios and large holders. This reliance on high-intensity "competition" is approaching its sustainability threshold.
Binance Profit Guide: BNB holders vs. Alpha point holders, how to maximize returns?
For users who are optimistic about BNB's long-term value, willing to hold for the medium to long term, and do not want to spend time and effort on accumulating alpha points: deposit most of their BNB into the BNB Vault (or simple earn crypto savings), so that BNB earns interest daily and can also be used for Launchpool and Megadrop. Whenever a Launchpool starts, directly stake the BNB from the Vault for mining. Meanwhile, those BNB still count towards HODLer snapshots, not affecting subsequent airdrops. When a Megadrop event occurs, choose to transfer some of the BNB into a fixed term (e.g., more than 30 days) to earn more points, while completing all tasks with the BNB wallet. After the event ends and tokens are received, unlock the BNB back to the Vault. This cycle allows for threefold profits from a single BNB investment: earning interest + airdrops, mining new tokens during Launchpool, and completing tasks for extra tokens during Megadrop.
For users with little or no BNB holdings but willing to frequently operate and invest small amounts to gain profits (Alpha point holders): actively accumulate points for rewards.
For most retail investors, a moderate combination of the two strategies may be a better choice.
Also recommended: Interaction Tutorial | Zero-cost high-performance RWA public chain Pharos Interaction Tutorial | How to quickly navigate Cookie.fun? A New Era of Airdrops: A Comprehensive Guide from Classical to Social Airdrop Strategies.
Bitcoin Ecosystem
Spark claims to be a Bitcoin-native L2 designed for payments and settlements, but in reality, Spark employs an off-chain scaling solution, not an EVM-like chain or Rollup, does not support smart contracts, and has no virtual machine. Therefore, Spark allows users to conduct instant, low-cost, and unrestricted self-custodial transactions of Bitcoin and other tokens (including stablecoins) off-chain, while having native interoperability with the Lightning Network for token sending and receiving.
LRC 20 does not support a fair issuance model; after token issuance, only the original issuance wallet can mint tokens, and other addresses can only obtain tokens through Dev airdrops or distributions. At the same time, LRC 20 also supports freezing and burning operations, where the original issuance wallet can freeze tokens on any address, locking the tokens held by the frozen address, which cannot be sent or received unless the Dev unfreezes them; however, the original issuance wallet can only burn tokens held by its own address, and the burning is irreversible.
Several LRC20 tokens have begun to gain consensus, and the early ecosystem has a BRC20 déjà vu.
Multi-Ecosystem
Understanding Alpenglow: The biggest change in Solana's core protocol history?
Alpenglow is a new consensus protocol launched by Solana, replacing the original TowerBFT and historical proof mechanisms, introducing Votor and Rotor, optimizing voting and data propagation, significantly reducing latency to 100-150 milliseconds, achieving second-level finality. This protocol enhances performance, resilience, and scalability, allowing Solana to achieve response speeds comparable to Web2.
Solana REV surges, is the chain's value really underestimated?
REV measures on-chain economic activity and reflects users' willingness to pay. Solana's REV is higher than Ethereum's, but REV has latency and is easily manipulated. The FDV/REV ratio varies significantly, and the value of the chain and tokens does not completely correspond, requiring a comprehensive evaluation of the chain's value based on multiple factors.
CeFi & DeFi
The White House crypto revolving door: uncovering the wealth connections of the Trump family
WLFI's influence extends far beyond the meme coin TRUMP; its stablecoin can be easily and reliably exchanged for U.S. dollars, effectively creating an underground economy sponsored by Trump, akin to opening a new bank under the current president's name, with numerous foreign businesses and political elites around the world funneling large amounts of money into it.
For a long time, the American public has been inundated with news about the Trump family's pursuit of personal gain, to the point where many of their actions no longer cause a stir.
Web3 Lawyers Decode: What Kind of RWA Do We Understand?
Various RWA projects have different intentions and mechanisms, featuring both technological innovations and financial experiments. For market participants, the biggest challenge often lies not in the technical aspects but in institutional uncertainties, especially the unstable factors in administrative and judicial practices. Therefore, what we need more is to explore "practical standards"—even if we do not have legislative and regulatory power, promoting the formation of industry standardization and compliance in practice still holds value. As long as there are more participants, mature paths, and regulatory agencies establish sufficient management experience, the system will gradually improve.
Ondo: Analysis of RWA Leader's Product Line, Competitors, and Token Valuation
Ondo's products encompass tokenized funds, interest-bearing stablecoins, lending platforms, tokenized asset issuance protocols, tokenized asset trading platforms, and its own compliant blockchain, covering the entire process of RWA from issuance, custody to trading circulation. From asset issuance to trading, Ondo has a complete product matrix around RWA, with a high ceiling for its business story.
Its core team has a strong background, with good connections in traditional financial enterprises and government, allowing them to communicate effectively with regulatory bodies.
Core products (Global Markets and Ondo Chain) have not yet launched and are still waiting for regulatory green lights; currently, the development of the business remains quite "left-sided."
Ondo connects "both ends": upstream connecting traditional asset management giants to acquire assets and brand reputation, and downstream connecting the crypto market to gain users and liquidity, striving to open the market faster than other projects.
Behind the TVL Recovery, DeFi Veterans are Eliminating the "Single-Player Mode"
Top protocols are moving towards "cooperation" through partnerships, integrations, and even direct binding of interests. These changes are not merely functional expansions but upgrades in the collaboration methods between protocols. It signifies that the next stage of DeFi will transition from isolated single-point tools to an interconnected financial network system.
For ordinary investors, the focus may not be on whose TVL is higher, but on which combination structures are more stable, efficient, and capable of weathering volatility cycles. Cooperation does not equal price increases, but it may be the foundation for the next round of growth.
NFT, GameFi, SocialFi
The Final Chapter and Restart of NFTs
NFTs once carried the dream of IP equality and community co-construction but have gradually fallen silent amid empty narratives and capital arbitrage. The 10K PFP model struggles to support long-term value, with content absence and community fatigue becoming the norm. The experiences of PoP MART and Pudgy Penguins remind us: truly sustainable IP requires practical implementation, diversified layouts, and continuous operational capabilities. Issuing tokens is not the end; the restart of NFTs may lie in the next medium that integrates creativity, consumption, and emotional value.
Kaito: Trapping KOLs in Algorithms
Since Kaito launched its "Yap-to-Earn" mechanism, it has been controversial. The X platform is filled with similarly styled "in-depth industry analysis" posts, seemingly rich in professional terminology and structured analysis, but in reality, the content is hollow, and interactive content is merely formal, inefficient, repetitive, and created for profit. Kaito's mechanism has been criticized by many for "free-riding" on the traffic of mid-tier creators.
Kaito may be making the standards for content creation monotonous, binding creators into a system driven by "algorithms" and "scores." Kaito's algorithm is essentially designed to capture the institutional and top KOL market, severely damaging the ecosystem for ordinary creators.
The Chain Games of the Last Cycle are Facing Collective Death
This year, several chain game projects have announced shutdowns or paused development.
The genes of chain games have determined that they cannot pursue the high quality and meticulous craftsmanship of traditional game industries; they resemble resource pools and funding schemes, needing to design appropriate operational rhythms and investment rules to meet the needs of various primary and secondary investors. Securing financing first and then doing the work has become the optimal solution for this track, while whether it succeeds or not is a later concern. In contrast, the success of traditional games often involves doing the work first and then securing financing.
Web3 and traditional games are almost opposites, with speculative genes running throughout. The decline of chain games is a form of "natural selection."
Also recommended: The Great Retreat of Chain Games: A Review of 17 Web3 Games Set to Shut Down by 2025 Initial Experience of the Legendary Game "MapleStory" Chain Version With Token Prices Halved and Gold Mining Cooling, Is Web3 MapleStory Still Worth Participating In?.
Weekly Hotspot Recap
In the past week, Bitcoin reached a new historical high, entering the $110,000 era; the GENIUS Act has passed the voting motion and entered the revision process; the Hong Kong Legislative Council passed the Stablecoin Regulation Draft; the Trump dinner (Kronos Research CIO on-site observation, review) was held; Cetus was hacked for $260 million, and Sui ecosystem tokens collectively halved;
Additionally, in terms of policy and macro markets, Trump: suggested imposing a 50% tariff on the EU directly starting June 1; SEC Chairman was questioned in Congress regarding Trump's Meme Coin and Sun Yuchen's connections; South Korean presidential candidate Lee Jae-myung proposed issuing a Korean won stablecoin to prevent capital outflow; Ukrainian court ordered the transfer of over 500 million hryvnias in assets from Binance accounts to the State Asset Management Agency;
In terms of opinions and statements, Trump posted to celebrate Bitcoin's historical high; Bitwise CIO: The stablecoin bill may pave the way for a multi-year bull market in the crypto market; "Rich Dad Poor Dad" author: Saving physical gold, silver, and BTC to withstand the next crisis, rather than buying ETFs; Arthur Hayes: Bitcoin may rise to $200,000, with U.S. Treasury policy as a key driving force; 1confirmation founder: Crypto projects allocating 50% of tokens to insiders will go to zero, ETH will reach $120 trillion; Opinion: Although the "altcoin season" has not yet arrived, institutional investors have begun accumulating SOL; Analysis: This round of Bitcoin bull market is more driven by institutions and long-term capital rather than retail speculation; CZ shared risk management advice: confirm the worst outcome, assess the number of attempts, ensure sufficient cognition; Vitalik posted: A new solution to solve Ethereum L1's scalability issues; Sun Yuchen announced he would participate in the Trump dinner as the highest holder of TRUMP; Sun Yuchen defended the TRUMP token, claiming that Memecoins have legitimacy and value; ZachXBT: Cannot accept that Cetus is only willing to offer $5 million to find the hacker; Movement's behind-the-scenes advisor revealed: A large amount of MOVE was sold off by internally designated wallets;
In terms of institutions, large companies, and leading projects, multiple large U.S. banks plan to jointly launch a stablecoin, with progress depending on the legislative process; Kraken announced a partnership with Backed Finance to launch a tokenized stock and ETF trading service called "xStocks"; Strategy faces a class-action lawsuit accused of making misleading statements regarding its Bitcoin strategy; publicly listed fintech company DigiAsia plans to raise $100 million and use 50% of profits to purchase Bitcoin; Circle is advancing its IPO plan with a target valuation of $5 billion, while also in acquisition talks with Ripple and Coinbase; BlackRock and Circle's cooperation agreement revealed: they cannot issue stablecoins independently for the next four years; Nakamoto Holdings, KindlyMD, and Anchorage Digital have reached a strategic cooperation on Bitcoin; Binance announced zero withdrawal fees for USD1 via BNB Chain; WLFI announced the purchase of some B tokens to support the BUILDon team; Bancor has filed a patent infringement lawsuit against Uniswap; Virtuals: proxy staking is now live, allowing users to earn points through staking; Huma Finance announced its token economic model: an initial airdrop of 5%, with a genesis circulation ratio of 17.33%; PancakeSwap: has optimized its trading routing mechanism and resolved data delay issues;
In terms of data, Binance Wallet accounts for nearly 90% of the trading volume of mainstream wallets, ranking first; Labubu has gone viral globally, with the eponymous meme coin LABUBU skyrocketing by several times;
In security, a printer company has been exposed for having a backdoor in its drivers, resulting in the theft of 9.3 Bitcoins… Well, it has been another week of witnessing history.
Attached is the portal for the "Weekly Editor's Picks" series.
See you next time~
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