Weekly Editor's Picks (0131-0206)

"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:

Investment and Entrepreneurship

What can be traded in the crypto market a year later?

If the primary market no longer produces "the future of the secondary," what will the secondary market be trading a year from now? What changes will occur in exchanges?

Projects approaching TGE are all "existing old projects," and the industry is de-stocking. The changes in the primary market are not only a reduction in overall amounts but also a structural collapse. Although established funds are struggling to raise capital, they can still survive, lie flat, collect management fees, or transition to investing in AI, while more funds have already shut down or shifted to the secondary market.

The solutions the industry seeks externally include asset tokenization and prediction markets.

When the primary no longer produces the future, the secondary can truly trade these two things—uncertainty from the external world and trading narratives that can be repeatedly reconstructed.

What if this is the bottom?

Bitcoin has three major survival competitors: AI and capital-intensive growth, real estate, and the U.S. Treasury market. The total market capitalization of these three markets (AI growth, real estate, and Treasury) exceeds $100 trillion. For Bitcoin to succeed in a negative Rho environment, it does not mean that all three markets must collapse, but their attractiveness relative to zero-yield investments must decline.

The lack of cash flow for Bitcoin has become an advantage. It has no profit expectations, no coupons to be devalued, and no yield curve to anchor market expectations. Bitcoin does not need to be repriced based on failed benchmarks because it was never priced based on benchmarks in the first place. It only needs to maintain scarcity when everything else is proven to be excessive or unreliable.

The bottom is almost always accompanied by a fundamental shift in market mechanisms, which fundamentally reshapes investor behavior and expectations. While it may be difficult to perceive at the time, it becomes obvious in hindsight.

The Great Collapse! Who killed the tech premium in the crypto market?

Under the dual pressure of exhausted native narratives and institutional deleveraging, the crypto industry is being forced to bid farewell to the rough era of attempting to build a parallel financial system, instead embarking on a brutal "species evolution"—from disruptors to dependents; from creating assets to transporting assets.

Wake up! Stop bottom-fishing: The harsh truth behind the $2.6 billion crypto liquidation

The massive capital expenditure cycle of AI itself is shifting from "injecting liquidity" to "withdrawing liquidity," leading to a substantial shortage of global financial capital.

HYPE buying power far exceeds expectations: Decoding the ATM dynamic expansion mechanism of PURR

If trading volume can maintain its current level, PURR could potentially add about $8 million in "firepower" daily for buying HYPE.

Again, this does not mean they will mindlessly sweep the market and buy at the top; however, the incentive structure here is completely different from PIPE.

PIPE financing: Funds are in place at once, with no urgency, allowing cash to wait slowly for selling pressure to appear.

ATM issuance: The incentive structure will change.

If issuance capacity expands with trading volume and momentum, and higher PURR trading volume can continuously open the ATM window, then maintaining the strong momentum of HYPE may actually expand future issuance and financing capacity.

In this structure, actively buying during an uptrend is no longer irrational. It can be a means to maintain liquidity, boost trading volume, and maximize the scale of funds that the ATM can raise over time.

This is not "blindly buying." It means that under specific conditions, quickly absorbing selling pressure and even adding to positions is a strategically rational choice.

Prediction Markets

"Betting that madness won't happen," Vitalik's prediction market trading strategy

XX% does not reflect real probabilities but rather emotions. Vitalik stands on the opposite side of emotions, using rationality to profit from the overestimated probability difference.

After optimizing such strategies through a well-established trading system based on mathematics and statistics, such as the Kelly criterion, it has become one of the most robust investment methods in prediction markets today.

Airdrop Opportunities and Interaction Guide

The biggest airdrop in the crypto world is given by Yuanbao

Today's imbalance of "cost-return" in crypto airdrops is not a "moral decline" of a single project, but the result of a complete set of industry structural changes.

Web2 giants use cash to buy user certainty, while Web3 uses token rewards as a potentially redeemable promise.

From growth to retention, the utility of airdrops can at most support the first half.

Meme

$300,000 to create a gilded statue of Trump, a crazy marketing stunt for a Meme coin

Almost everyone in the cryptocurrency field is trying to profit from Trump's presidency: either by reaching business deals with his family or seeking regulatory leniency from his government. But few act as boldly as the supporters of PATRIOT.

They used this statue to promote a Meme coin called PATRIOT. Creating a giant statue is an expensive way to generate social media buzz, but it is also a potential profit plan.

Ethereum and Scalability

Vitalik's Layer2 liquidation moment: Five years of expansion, ultimately becoming a "sacrificial piece"

On February 3, Vitalik Buterin stated on X: Layer2, as 'Branded Sharding' to solve Ethereum's scalability, is no longer valid.

In one sentence, it almost declares the end of the mainstream narrative of Ethereum over the past five years. The Layer2 camp, once highly anticipated and seen as Ethereum's lifeline, is now facing the biggest legitimacy crisis since its inception. More direct criticism followed, as Vitalik ruthlessly wrote in his post: "If you created an EVM that can handle 10,000 transactions per second, but its connection to L1 is achieved through a multi-signature bridge, then you are not scaling Ethereum."

Ethereum is reclaiming its sovereignty.

Also recommended: 《Besides denying itself, what else is Vitalik thinking?》。

CeFi & DeFi

Is Binance still the number one exchange in the universe?

Contract trading volume is facing challenges; mainstream coin liquidity is being surpassed in parts; the expansion progress of new targets is slow. What Binance is losing is not market share, but the discourse power of "defining what an exchange is."

Web3 & AI

From Moltbook to MOLT: How is the imagination of AI autonomy being embraced by the crypto market?

Moltbook is a social network for AI Agents. The AI agents' completely unrestrained collective improvisation has formed a highly fragmented, mind-blowing, and occasionally profound digital carnival.

The charm of Moltbook may not lie in its "depth" or "usefulness," but in that pure, unmediated collective unconscious eruption.

With celebrity endorsements and media snowballing, Moltbook has successfully broken the circle.

The Meme coin MOLT has also transitioned from riding the wave to being "claimed."

Having heavily invested in the first wave of AI Agent hype, how do I view today's Moltbook?

During the last wave of AI Agent hype, what the market was buying into was less about utility and more about a collective FOMO towards the "AI Agent narrative." With the sudden rise of Moltbook, the market has begun to buy into "the AI Agent itself" after a long time. This time, the focus of the discussion is no longer whether AI Agents can help people work, but whether Web3 can still participate when Agents exist in this way.

In the short term, there may not be a significant market for AI Agents, but it is worth paying attention to again.

In 2026, will the AI Agent economy really start operating?

The infrastructure phase is coming to an end, and the application phase has already begun. Current builders should focus on three things:

Build a unified discovery index layer that aggregates services from all platforms into a searchable entry point;
Establish a capability benchmarking system that proves agent capabilities with verifiable results, rather than relying solely on ratings;
Develop trust-gated middleware that integrates the ERC-8004 verification mechanism into the x402 payment execution process.

The transition from "protocol readiness" to "product readiness" will occur in the next 2–3 months. Now is the time to take action.

Security

$1.26 billion frozen: How to prevent USDT freezing risks

In 2025, Tether blacklisted a total of 4,163 unique addresses, freezing funds amounting to $1.26 billion, of which 55.6% ($698.42 million) was destroyed, and only 3.6% of the blacklisted addresses were unfrozen that year. Responding to law enforcement requests is the primary trigger for address freezing. The article also provides guidance on how to prevent being frozen, check for freezes, and appeal.

Weekly Hotspot Recap

In the past week, on January 31, gold experienced its largest single-day drop in 40 years, with silver dropping over 36% to set a record; on February 6, the market plummeted, with BTC dropping to a low of $60,000;

Additionally, in terms of policy and macro markets, the nomination of Waller has triggered a reassessment of policy logic, and the Federal Reserve may shift to a combination model of "tapering + rate cuts"; the U.S. government has officially partially shut down; the European Central Bank has maintained its three key interest rates unchanged as expected;

In terms of opinions and statements, Trump was unaware of Abu Dhabi's $500 million investment in WLFI; Santiment reported that market sentiment hit a year-to-date low, with institutional layouts showing that long-term confidence remains strong, releasing bullish signals; Bitwise CIO stated that the crypto winter began in January 2025, but was masked by ETF and DAT inflow data, and is now about to end; Deutsche Bank noted that Bitcoin's recent decline is due to a loss of confidence, not a market structure collapse; Uniswap founder Hayden Adams stated that if Ethereum wants to be more independent, it needs to adopt an engineering-driven approach; He Yi mentioned that the community's initiated "withdrawal movement" serves as an effective stress test for exchanges;

Regarding institutions, large companies, and leading projects, Multicoin Capital's co-founder and managing partner Kyle Samani has stepped down from his daily responsibilities and management roles at Multicoin, transitioning to an advisory role, with Samani's interests expanding from cryptocurrency to cutting-edge fields such as AI, longevity technology, and robotics (interpretation); Polymarket and Kalshi have diverged due to definitional differences, highlighting the “definition accuracy” issue in prediction markets amid the U.S. government shutdown; Polymarket has opened a store in New York, while Kalshi is giving away $50 supermarket vouchers (interpretation); Jupiter announced it will integrate the prediction market Polymarket; BNB Chain released the BAP-578 standard, proposing the concept of non-fungible agents (NFA)… well, it has been another week of declines.

Attached is the portal for the "Weekly Editor's Picks" series.

See you next time~

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