"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 collecting 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
2026 Crypto Outlook: Six Structural Forces Paving the Way for the Next Cycle
Predictive markets, Neobanks, Crypto AI, breakthrough applications, dynamic DeFi… This cycle finds PMF in multiple directions, and the next cycle will be one of deep integration between TradFi and DeFi.
Tether's Golden Dream: Buying Gold Beyond Central Banks
In 2025, global central banks are launching an unprecedented gold-buying spree. Tether has become one of the largest gold buyers in the world. As of September 2025, the company's gold holdings are valued at over $12.9 billion, surpassing several national central banks, including those of Australia, the Czech Republic, and Denmark, placing it among the top 30 globally.
Tether has chosen to build its own vault and self-custody. Tether has also recruited two top global precious metals traders from HSBC at high salaries.
What Tether aims to do is not just simple financial investment but systematically connect the gold industry chain. Every step of Tether's asset allocation resembles a company learning how to act like a central bank. It is not merely chasing returns but constructing a new order anchored by gold and Bitcoin, with code as its boundary. If the future indeed moves towards a multipolar currency system, then "US Treasuries + Bitcoin + Gold" will not just be an asset portfolio but the balance sheet of this "stateless central bank" traversing cycles.
TGE Survival Game: Airdrops Are Dead, Should ICO Rise?
The article focuses on how public sales as a fundraising method have emerged and replaced airdrops as the mainstream method for token issuance, analyzing its advantages, cases, and market impact.
Unveiling the KOL Round: A Wealth Experiment Wrapped in Traffic
The KOL round is a token distribution method that emerged after VCs exited and retail investors became voiceless, under the narrative of "influence above all."
Behind the profits, there is a triangular game among projects, KOLs, and retail investors.
Third-party agencies act as "resource allocators" between projects and KOLs.
To gain opportunities in the KOL round, the key is to enhance "content + data" and establish a trustworthy personal brand.
Complete Guide for Crypto KOLs on X: From Profile Optimization to Ranking Strategies
A clear 12-step guide to earning $50,000 from scratch.
Policy and Macro Market
A $2,000 Christmas "Windfall": Trump and His Tariff Bonanza
Trump is trying to play Santa Claus in the adult world, promising to distribute a $2,000 "tariff windfall" that seemingly falls from the sky, claiming the gift is paid for by distant "foreign factories." Tariffs are described as "protection fees" paid by foreigners, rather than a hidden tax borne by American consumers. However, Trump has not provided specific details about the tariff windfall. It is a replay of a political script: shout slogans to stimulate market reactions. "Inflation," "deficits," and "trade wars" are packed into next year's bill.
CeFi & DeFi
Coinbase Launches Launchpad Platform: Crossing the River by Feeling the Stones, Aiming to Overtake?
After the "Blue Carpet Program," Coinbase has launched the Launchpad token public sale.
Key rules include: once a month, algorithmic distribution, and a 6-month prohibition on selling tokens by project parties.
Coinbase's new token sales have returned after 7 years, allowing U.S. retail investors to participate in token sales again, symbolizing a revival of the U.S. crypto market. Thus, Coinbase has fired the first shot in the battle for the U.S. CEX market.
On-chain Finance, Danger! Run Away!
Many stablecoins' reserves and strategies are not transparent enough. They claim to be Delta neutral models in public, but the actual position structure, leverage ratios, hedging exchanges, and even liquidation risk parameters are not disclosed, making it nearly impossible for external users to verify if they are truly "neutral," effectively becoming a party that bears transferred risks.
Modular lending protocols and Curator further spread the risks.
Currently, we still do not know how many hidden dangers remain underwater. The author strongly advises those involved in on-chain finance to temporarily withdraw.
Horizontal Analysis of the Main Risk Components of Eight Stablecoins
The risk indicators for stablecoins include de-pegging risk, smart contract vulnerabilities, regulatory risks, liquidity risks, counterparty risks, and yield volatility risks.
Panterafi elaborates on Sky (USDS), Ethena (USDe), Aave (GHO), Resolv (USR), Curve (crvUSD), Falcon (USDF), USD.AI (USDai), and Cap (cUSD) one by one.
USDe Issuance Scale Plummets by $6.5 Billion, but Ethena Faces Even Greater Issues
Ethena's current strategy remains operational; while the risk-averse sentiment surrounding DeFi has somewhat exacerbated Ethena's capital outflow, it is not the main cause; USDe's current safety status remains relatively stable, but it is advised to avoid circular lending as much as possible.
Moreover, a more severe issue facing Ethena is that its Delta neutral model, which relies on the perpetual contract market for survival, seems to have hit a scalability bottleneck and may be confined to "small but beautiful" DeFi finance.
Predictive Markets
Odaily Picks: Tools for Doubling Your Trading Success Rate in Predictive Markets
The author has selected a batch of practical "auxiliary projects" covering market analysis and proxy trading scenarios to help accurately grasp trading directions, including trading analysis platform HashDive, Discord community zerosupercycle, user analysis platform PredictFolio, news prediction betting platform fireplace, predictive market protocol Liquid, trading application Betmoar, AI network Sportstensor for predicting sports events, AI-based analysis platform Polyfactual, analysis platform Polysights, DeFi platform Robin for earning profits on positions in Polymarket, trading terminal Stand, and monitoring platform Nevua Markets.
Predictive markets are the shortest path to monetizing cognition. Find areas where you have informational advantages and insights, and do not rely on others' judgments to place bets.
Top 0.7% Polymarket Trader's Account: How I Lost $19,000 in One Minute
A trader ranked in the top 0.7% on Polymarket, haeju.eth, executed a closing strategy, earning $3,500 a month, but ultimately lost it all. The lesson learned: betting at the close is negative EV, and the advantage does not lie with "closing finance" users. In Polymarket (or any predictive market), real profits come from differentiated advantages, not beliefs.
Predictive markets also follow the 80/20 rule: most users will lose money. Daily AI-assisted betting can amplify the probability of "black swan" events, and the more you bet, the more likely you are to make mistakes. The speed of loss accumulation will outpace the speed of income accumulation. Ultimately, those who bet big against small will be swept away by a wave.
Airdrop Opportunities and Interaction Guide
Advance Ambush: 10 Early Popular Projects with Open Whitelist Applications
Can You Earn by Just Hitting? A Review of Recent 8 Popular New Projects
"Money Spraying" Continues: Overview of Recent Activities by Leading Prep DEX
Christmas May Welcome TGE, Will Lighter Be the Next Aster?
Ethereum and Scaling
Fusaka Upgrade in One Month: Ethereum's Boldest Scaling Bet Yet
Ethereum will undergo the Fusaka upgrade in December 2025, bringing data scaling, DoS defense, and development tools.
Peer Data Availability Sampling (PeerDAS) enhances the throughput of data blocks (blobs) by 8 times through the method of "sampling data instead of storing complete data in full nodes."
The new EIPs will set blob fees, limit block sizes, and introduce features such as pre-confirmation and P-256 signature support. The Fusaka upgrade aims to expand data capacity, strengthen defenses against DoS attacks, and introduce new tools for developers and users.
Weekly Hot Topics Recap
In the past week, Trump announced that he would distribute at least $2,000 in tariff "dividends" to Americans; the U.S. government ended the shutdown; the market continued to decline;
Additionally, in terms of policy and macro markets, SEC Chairman Paul Atkins announced a "Token Classification Act" plan, which will redefine crypto regulation based on testing; SEC Chairman: Farewell to a decade of chaos, crypto regulation enters a clearer era (full speech); a Dubai court froze $456 million related to Sun Yuchen's rescue of TrueUSD issuer Techteryx; Musk: X Money is about to launch;
In terms of opinions and statements, Federal Reserve Governor Milan: The widespread use of stablecoins may lower the Federal Reserve's interest rates; a16z urges the U.S. Treasury to exclude decentralized stablecoins from the GENIUS Act's regulatory scope; CryptoQuant founder: If MSTR and ETF buying slows down, the market may again be dominated by sellers; 10x Research: A new cycle in DeFi may have quietly begun, with stablecoins and funds returning to the Ethereum ecosystem; Eugene: Uniswap enabling fee switch is beneficial for DeFi; CZ: Do not buy accounts I follow, and I will unfollow immediately if I find them for sale;
Regarding institutions, large companies, and leading projects, Grayscale will apply for an IPO, with the stock code "GRAY"; JPMorgan launched deposit token JPM Coin for institutional clients on the Base network; Visa launched a stablecoin payment pilot, allowing creators and freelancers to receive payments directly in USDC; reports indicate that Polymarket has quietly restarted its trading platform in the U.S. in Beta mode; Polymarket reached a multi-year cooperation agreement with UFC; the Ethereum Foundation's dAI team included ERC-8004 and x402 in its 2026 roadmap; Uniswap Labs and the foundation proposed to collect protocol fees and burn 100 million UNI (interpretation), launching Continuous Liquidation Auction Protocol (CCA); OKX launched a built-in DEX; Sonic Labs launched a rate monetization system, promoting the entry of native tokens into a deflationary mechanism; Stables Labs initiated USDX recovery arrangements, opening the application registration window; BNB Chain's multi-signature wallet will soon cease operations; Monad announced its token economics: a total supply of 10 billion tokens, with 7.5% to be sold at a $2.5 billion FDV; Ethena opened the fourth quarter airdrop application; RaveDAO launched the ecological token RAVE;
In terms of data, 61% of institutions plan to increase their holdings of crypto assets, potentially welcoming the "next round of institutional capital flow"; Bloomberg: Tether is now one of the largest gold buyers in the market, holding over $12 billion in gold as of September; Circle's Q3 financial report: revenue of $740 million, net profit of $214 million, doubling year-on-year; several treasury companies, including Strategy, reported that mNav has fallen below 1; the popularity of the x402 protocol has declined, with trading volume on Eco Day on November 9 plummeting by 90% from its peak;
In terms of security, Balancer: has proposed to abandon v2 stable pools and encouraged LPs to migrate liquidity to v3; it is suspected that someone used trading POPCAT to deliberately disrupt Hyperliquid; Re7 Labs released a report on the xUSD de-pegging incident and is communicating with external partners and legal advisors to formulate a response strategy; the National Computer Virus Emergency Response Center released a report on the theft of 127,000 bitcoins from Chen Zhi: a national-level hacker organization was behind it (full report)… Well, it has been another eventful week.
Attached is the portal for the "Weekly Editor's Picks" series.
See you next time~
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