"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 pieces, 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 7 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:
Macro Market
Is global liquidity running out?
Compared to the previous government, the U.S. Treasury is reclaiming liquidity through tariffs and spending restrictions. The global liquidity cycle is peaking and retreating.
Why is the upcoming quantitative easing a bubble-making machine?
This round of quantitative easing is essentially monetizing government debt, which is fundamentally different from past situations, appearing riskier and more inflationary.
Bitcoin may face "the last drop": the real script of liquidity tightening is unfolding
As the Treasury restarts spending, the TGA balance is expected to decline from its high, liquidity will return, and risk appetite will rebound. Bitcoin may be in the "last drop" phase of this adjustment—at the intersection of fiscal spending recovery and the onset of future interest rate cuts, a new liquidity cycle will also restart.
Why does Bitcoin only rise when the U.S. government is open?
In the long run, the global economy seems to be trapped in a cycle of debt-inflation-bubble with no way out.
This crisis, unexpectedly triggered by a government shutdown, may just be the prelude to the next larger wave of liquidity.
The crypto market is in a consolidation phase, not a precursor to collapse.
Investment and Entrepreneurship
Investing in top VCs has halved the principal in four years; what happened to crypto funds?
No strategy is better than buying BTC.
Wall Street's calculation: What does $500 million buy Ripple?
Through a series of mergers and acquisitions, Ripple's system capabilities have expanded from a single cross-border payment to a full-stack financial infrastructure of "stablecoin issuance + institutional custody + cross-chain settlement."
The essence of Ripple is a huge "digital asset treasury," carrying a compliance premium.
Ripple's story has turned into a classic financial tale: about assets, about valuation, about liquidity management.
Why are products likely to be difficult to produce in the crypto field?
Some investors even force crypto founders to cater to current trends, while their teams begin to evaluate investments in projects that have secured funding based on this quarter's popular narratives. No one will stick around long enough to verify whether what they are doing is effective; instead, they pivot at the first sign of resistance, pivot when user growth is slow, and pivot when financing is difficult.
The market punishes completed projects. Because a completed product has its known limitations, while a "soon-to-be-completed" product still holds infinite narrative potential. VCs do not invest in products; they invest in attention. The attention of teams and users is also very fleeting.
Cryptocurrencies struggle to build any long-term products because they are structurally opposed to long-term thinking.
Also recommended: 《Crypto Whale Operations Compilation: Insiders Lose $40 Million, Followers Suffer Heavy Losses》《100% Win Rate Whale's Leverage Collapse: 21-Day Betting, 14 Consecutive Wins End, $44.67 Million Evaporated》《Brother Ma's "Zeroing" Record》《I Traded Perpetual Contracts for a Month, From Fantasizing About Getting Rich to Awakening to Reality》。
Privacy
Buying ZEC to crash BTC? The four industry truths behind the surge of privacy coins
The enthusiasm for privacy coins is reignited: the U.S. government's seizure of $15 billion in BTC may become a direct trigger; celebrity endorsements and institutional backing have restored liquidity to privacy coins; continuous development of privacy projects and ongoing technological upgrades.
When the privacy sector rises, it often signals BTC's cashing out and crashing.
Functionally, it shields transactions, achieving optional privacy; in an environment under regulatory shadows, the "counterforce" demand for privacy has surged; halving expectations and celebrity endorsements have ignited the scarcity narrative engine; in terms of contract structure, retail investors exit, and institutional players enter.
In three months, 20 times, does ZEC's "Bitcoin Silver" narrative hold water?
The rising logic of the privacy narrative mainly includes: "refuge premium" under regulation, ZEC's grayscale effect, and the common position of the crypto circle's version of the son.
Will ZEC's shield pool balance continue to grow in the next 12-24 months? Will institutions allocate ZEC through compliant channels like Grayscale? Will regulatory pressure crush ZEC or instead strengthen its scarcity? The answers to these questions will determine whether ZEC's "Bitcoin Silver" narrative can hold and will also determine the sustainability and depth of this round of privacy coin market.
Galaxy Research Report: What exactly is Zcash rising for?
Transparent cryptocurrencies cannot survive under the government's severe crackdown.
Zcash's user experience has improved (e.g., Zashi wallet). Cross-chain intent channels have lowered operational thresholds (NEAR Intents).
For the first time, over 30% of ZEC supply is stored in shielded pools. However, compared to Bitcoin, the number of Zcash full nodes remains very low.
Airdrop Opportunities and Interaction Guide
Points are rising, returns are declining; "long-term" is not as good as "flash sales." Today's Binance Alpha may never replicate the wealth effect of September, but if strict discipline and control of wear and tear can be maintained, there is still a chance to secure some relatively stable "pork rice."
Why are Perp DEX airdrops still important: Three projects you can't miss
edgeX, StandX, Lighter.
Experience the full guide to predictions on Polymarket, Opinion, Kalshi.
Also recommended: 《Step-by-step guide to participating in Brevis's second phase tasks》《Circle's own stablecoin public chain Arc testnet interaction guide》《MSX Points Season S1 Full Strategy: How to Obtain "Dual Alpha" through RWA U.S. Stock Trading》《Popular Interaction Collection | StandX's new round of points earning activity; Stable testnet guide (November 7)》。
Meme
GIGGLE's "roller coaster" market, who is responsible for the flash crash in the BSC ecosystem?
Bitcoin Ecosystem
After 17 years, why do we still need Bitcoin?
CeFi & DeFi
When treasury companies start selling coins, is the DAT craze at a turning point?
When the market no longer pays for stories, companies must regain trust through structure, strategy, and transparency.
CZ builds a position in ASTER; can this shake Hyperliquid's status?
CZ's position in Aster is not a spur-of-the-moment decision but a well-thought-out strategic layout. Its call essentially aims to "drive traffic" to BNB Chain ecosystem products, bringing more liquidity into BNB Chain and stimulating Gas fees and DeFi activities.
The competition in the Perp DEX track is fierce, and Aster's low fees, tokenized stocks, dark pool trading, and grid features make it stand out. However, the real battle for derivatives is yet to come.
Game of Thrones: Why Billionaires from Trump to CZ are Betting on "Prediction Markets"
This market has the potential to become an unprecedented information aggregation tool, allowing "the wisdom of the crowd" to shine with unparalleled efficiency; it could also devolve into a battleground for public opinion captured by massive capital and political power, where "the biggest wallet" defines what "truth" is.
The $8 Billion Time Bomb in DeFi Has Only Exploded $100 Million So Far
Over $8 billion in real money is being managed by a multitude of Curators with diverse backgrounds.
The relative safety of traditional DeFi protocols comes from their maximization of the exclusion of the "human" variable. However, the Curator model in DeFi brings back the most significant and unpredictable risk—humans—into the blockchain. When trust replaces code, and transparency turns into a black box, the cornerstone of DeFi security collapses.
Transparency is far more important than the label of decentralization itself.
Also recommended: 《What is the Role of Curators in DeFi? Could it be a Hidden Danger in This Cycle?》《Prediction Market 2.0 Preview: Five New Product Forms Beyond "Pure Gambling"》。
Security
Aftershocks of the Balancer Hack: How Will xUSD Decoupling Affect Your Assets?
Also recommended: 《In-Depth Analysis of the xUSD Decoupling Truth: The Domino Crisis Triggered by the October 11 Crash》。
Weekly Hot Topics Recap
In the past week, the market declined; security incidents occurred frequently, creating a chain reaction; Alpha Arena Season 1 ended, with Qwen overtaking Deepseek at the last moment to win; nofi AI director: The next "Coin Trading Competition" plans to significantly optimize the benchmark ( AI Coin Trading Competition Summary );
Additionally, in terms of policy and macro markets, David Sacks: Legislation on cryptocurrency market structure has made substantial progress and a bipartisan draft may be introduced soon; Trump called for an end to the government shutdown and stated that the continuous new highs in U.S. stocks are just the beginning; the White House stated that Trump's signing of the CZ pardon went through serious and thorough review; the Japanese Financial Services Agency: will support the three major banks in jointly issuing stablecoins to promote innovation in the payment sector; Hong Kong will allow locally licensed virtual asset trading platforms to share global order books with overseas affiliates to increase liquidity;
In terms of opinions and statements, Goldman Sachs: The U.S. government shutdown could cause the most severe blow to the U.S. economy in history; Arthur Hayes: After the end of the U.S. government shutdown, BTC and ZEC will rise; Bitwise: Bitcoin is close to "bottoming out", and institutional investors remain bullish; Wintermute outlook: Capital inflows have stagnated, and the market has entered the stock game phase; Bitwise CIO: Retail sentiment is in "extreme despair," but the crypto winter has not yet arrived; Matrixport: Bitcoin is approaching the oversold area, and the current price level can be considered for buying on dips; Matrixport: The market may further decline, but this does not indicate that the BTC market has ended; Yi Lihua: ETH fundamentals are fine, and gradually "bottom-fishing" is the best strategy; DeFiance Capital founder: The current market environment is comparable to 2018 to 2019, and survival is the only goal; AllianceDAO co-founder QwQiao: Most smart traders have turned bearish, and market sentiment is becoming increasingly cautious;
Maelstrom co-founder angrily criticizes Pantera: The LP principal invested four years ago has nearly halved, while BTC has doubled during the same period; CZ: GIGGLE is not the token officially launched by Giggle Academy; He Yi: The Giggle token will enter a deflationary mode in the future; CZ: Every purchase ends up being "stuck"; CZ: Market fluctuations have nothing to do with me, tweeting will not affect the market; CZ: I bought BNB in the first month of the BNB TGE eight years ago and have held it ever since;
In terms of institutions, large companies, and leading projects, Google Finance will integrate prediction market data from Kalshi and Polymarket; Gemini plans to enter the prediction market and has applied for a derivatives trading license; BNB Chain released the Fermi Hardfork version; BNB Chain: the Fourier hard fork of the opBNB testnet is about to go live; MetaMask launched a rewards program and emphasized its connection to future TGEs, though they are different; Pump.fun launched a utility token to support the Spotlight program; Jupiter has passed the proposal to “burn 130 million repurchased JUP”; ZKsync founder released a ZK token update proposal: all network revenue will be used to repurchase and burn ZK tokens; Zcash (ZEC) developers released a roadmap for Q4 2025, with the token rising 800% in the past month; KITE launched airdrop queries; Aria announced its tokenomics: total supply of 1 billion tokens, with 61% allocated to the community and ecosystem; UnifAI announced its tokenomics model: total supply of 1 billion tokens, with 13.33% allocated to the ecosystem and community; Timefun announced the closure of its creator token platform, transitioning to a new crypto social application;
In terms of data, stablecoin yields experienced the largest single-week outflow since the Luna crash, totaling $1 billion;
In terms of security, Stream Finance has suspended deposits and withdrawals due to a $93 million asset loss; Balancer was attacked, and later released a preliminary report on the v2 vulnerability incident: a rounding logic error in batch exchange transactions was exploited; XUSD further decoupled, dropping over 57% in 24 hours; after the decoupling of xUSD, the oracle data on Euler was not updated in time, which may lead to bad debts; Yei Finance reported abnormal activity in the fastUSD market and has paused the protocol, later stating that user funds are safe and can be fully withdrawn, and the team will repay all debts in the main pool; Notional will shut down the V3 protocol to address the bad debt risk caused by the Balancer attack; ether.fi officially explained the safety of the liquidity vault, allowing users to check the vault status and risk exposure at any time; Berachain has coordinated to pause the network for an emergency hard fork to fix vulnerabilities related to Balancer V2 on BEX; Berachain: all funds stolen due to vulnerabilities have been recovered, and the blockchain is now back in operation; Garden Finance co-founder confirmed a loss of about $11 million due to an attack, but user funds were not affected; Aave founder: immutable oracles and interest rate mechanisms may trigger systemic risks, and conflicts of interest among asset managers exacerbate industry hazards…… Well, it has been another tumultuous week.
Attached is the Weekly Editor's Picks series.
See you next time~
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