解构师Beyond

Can a high degree not become a KOL...?

This is the opinion of Master Pang, but I believe it is completely wrong, even catering to populist traffic.

First, it must be clear: the KOL I refer to is a key opinion leader who can earn money through their own content and abilities, can make money with fans, and provides a wealth of information; not someone who spends dozens of yuan to buy followers, uses AI to write articles for AI to read, or relies on shady tricks to deceive small exchanges.

Under this standard, high-degree KOLs are everywhere. I can name dozens just from Hong Kong's third new second, and I have many friends with backgrounds from 985, 211, and even prestigious overseas schools.

In the image, I selected one or two representatives from each school, who are around my age and relatively familiar to me; this is just the tip of the iceberg.

I myself graduated with a finance bachelor's degree from 985. When I first entered the circle, I thought this was an advantage, but later I found out that the crypto world is full of hidden talents, and there are plenty of high-degree KOLs. The real reason is that they do not flaunt their degrees because achievements are the strongest business cards.

The actual situation in the cryptocurrency circle, especially in the KOL industry, is:

No one really cares which school you graduated from, so there is naturally no degree discrimination or degree threshold.

So please, if you can't do it, you can't do it; a nerd is just a nerd. Please stop saying that you can't become a KOL because of your high degree; such displays of superiority only make people feel childish.

Moreover, there is almost no threshold for KOLs; if you can't even do KOL, then don't even mention other things. $BNB

In youth, there is a core competitiveness called 'seeing because of believing'.

I was deeply moved by this past story of Shen Peng that I read on Xiaohongshu.

As the founder of Waterdrop and the 10th employee of Meituan, the shameless decision he made in 2009 has now become a legend among countless internet professionals.

Many young people who are just starting out often fall into a vicious cycle: because they lack experience, they cannot find a job; because they cannot find a job, they have even less experience.

I think Shen Peng's experience back then is very instructive:

- Extreme desire: When regular applications went unanswered, he searched for every team member's email he could find and messaged employees one by one to send his job application.

- Unconstrained attitude: After being rejected, he didn't take it to heart but sought a face-to-face conversation, even stating that what a person can do in the future can change. This kind of determination to take any position as long as you can get on board is very rare.

- Sharp insight: When Meituan was still called SanKuai Technology, had only 9 people, and was nestled in a residential building, Shen Peng could confidently predict that there would definitely be development in the future.

What I want to express is that in youth, don't get too hung up on your starting point and title. When you are certain about something or a group of people, finding a way to join is more important than how to join. Be a little thicker-skinned and take bigger steps.

Especially in the flat Web3 environment, sometimes, the difference between a great start and not is just a phrase: 'Hello boss, I am xxx, can we add WeChat?'

After all, talent might take time to accumulate, but courage is the cheapest and most useful weapon when you are young.

$BNB

Since the major clearing of 1011, the market has been silent, with only a few resilient narratives, and the privacy sector can be counted as one of them.

For example, ZCash has risen from 550 million to a maximum of 10 billion, along with BCH.

- The principle of ZCash is akin to putting a full black envelope around the transfer; others can only see the sender but cannot see what is written inside the letter.

- BCH is easier to understand, relying on CashFusion to shred the transfer and throw it into a pool, making it impossible for outsiders to distinguish who is who.

However, both ZCash and BCH require the use of their assets.

On the other hand, the PreTGE project Confidential Layer(@ConfidentialLyr) does not require asset conversion and can directly provide privacy protection for BTC, ETH, and SOL.

Therefore, Confidential Layer can be simply understood as a privacy-oriented LayerZero / Wormhole.

If you are optimistic about the privacy sector, it is worth participating.

Currently, bridging assets can earn CL1 airdrop points, which can ultimately be exchanged for the token CLONE rewards, with 40% of the transaction fees returned to stakers.

But it is important to note:

- The sender and receiver must have the same address as the one connected to the website, and it cannot be changed throughout the process.

- Only paths that include Bridgeless can earn points, for example, ETH -> Bridgeless -> TON.

Of course, aside from brushing points for airdrops, the functionality of the product itself is also very practical. If someone wants to open a pot or does not wish for on-chain behavior to be exposed, this might come in handy.

$BCH

The issue of TUSD reserve assets being stolen and ownership is absolutely the most perplexing matter for me recently; it took me several hours just to figure out what was being discussed.

Regarding the focus of the debate, a report was compiled through AI organizing publicly available information on the internet, which clarifies the matter:

❚ TUSD reserve assets have been misappropriated for court confirmation.

1/ The fact that the defendant stole the assets has been recognized by the court.

2/ The location of the stolen assets is unrelated to the ownership of TUSD.

3/ The misappropriated assets are not in Aria Fund but in Aria DMCC.

❚ Clarification on the so-called "normal investment allocation" mentioned by FDT.

Some relevant parties stated that the fund transfer falls under "normal investment allocation" and claimed it could yield higher interest.

The judgment shows that this assertion is inconsistent with the facts, mainly reflected in:

1/ The fund transfer violates the investment and custody agreement.

2/ The fund transfer behavior has illegal characteristics.

❚ The reason for Justin's appearance at the Dubai hearing.

Regarding the discussion of Justin's brief appearance in the March hearing, it can also be explained based on facts:

1/ Attendance stemmed from a reasonable concern about the progress of the case.

- Techteryx's legal advisor informed in March that a preliminary injunction had been obtained in the Dubai court.

- Justin, as a contributor to the TUSD rescue fund, has reasonable grounds to be concerned about the progress of the case and to understand the latest developments regarding asset freezing and judicial judgments.

❚ Summary

Based on the judgment and various publicly available information, the core focus of this case is:

- The fact of asset theft is undeniable;

- Funds were misappropriated to Aria DMCC;

- The misappropriation violates the investment and custody agreement and is recognized as having illegal characteristics;

- Justin's appearance at the hearing was a reasonable concern rather than a principal action in the case.

In the midst of a large volume of narratives and information flow, the above points are the currently confirmable objective content from the formal judgment document.

$TRX

Recently, it has become evident that the number of people mentioning Warden has significantly decreased.

The market is not doing well, and it's not just the retail investors suffering; these PreTGE teams are actually in a difficult position.

In many ways, Warden can be considered a very typical AI project in the crypto space.

1/ Classic job-hopping to go solo: out of four co-founders, three have backgrounds from Binance, and the four of them invested 6.5 million dollars to go it alone.

2/ Classic concept adjustment: it initially set out to create a modular public chain but later pivoted to AI and intent; currently, it covers a wide range of sub-tracks, including on-chain identity, price prediction, and LLM agents.

3/ Classic self-funded startup: like Hyperliquid, Aster, and StandX, it has no external funding, and it is expected to distribute around 10% of tokens to the community.

As of now, the project's progress is quite smooth, excerpting the performance of the recently launched Warden mainnet.

1/ A total of 50 million Agent calls have been accumulated / 7.7 million on-chain proofs.

2/ 34 validators collectively support AI Layer1.

3/ Provides all Agents with ERC-8004 on-chain identity + programmable reputation system.

4/ Based on WardenChain, the Agent Hub is being built, and a prototype of the Agent version of the App Store has taken shape.

5/ Collaborated with Uniswap, Levva, Messari, etc., to launch usable Swap / DeFi / Research Agents.

6/ Launched incentives for developers up to 1 million dollars to encourage them to publish Agents on the Hub.

7/ The Agent Hub currently has accumulated over 12 million users.

According to the disclosed timeline, the Kaito S3 season is also nearing its end, and there is widespread speculation that the TGE will be this month or in Q1 26. It is unknown what decision the team will make.

$BNB

Rarely issue Alpha on Binance Square but this opportunity really cannot be missed

HumidiFi, the largest dark pool on Solana, accounting for one-third of DEX trading volume, is about to launch its ICO

- Time: December 3
- Platform: Jupiter DTF
- ICO Valuation: Whitelist round 50M; Public round 69M

My share is very small, so it will be completely filled, the recent market has been too poor, and certain opportunities should be cherished even more

$JUP

Housing prices in Beijing, Shanghai, Guangzhou, and Shenzhen have fallen to the level of 2016.

To be honest, seeing this data makes me feel very heavy.

On a macro level, we can only dare to touch the surface.

Housing prices continue to decline, and the household sector is entering a balance sheet reduction mode, not consuming or investing, only repaying debts. The 1990s in Japan may be the worst possibility.

On a micro level, we must absolutely avoid falling into the "low liquidity asset trap" and "debt-driven cycle."

In the eyes of the Chinese, housing prices are not just numbers; they represent a sense of security, a point of effort, and an imagination for the future. But when that anchor loosens, the pressure is imaginable.

We must admit that a trend is a trend and cannot be shifted by will.

In my view, a house that is detached from its residential properties is purely an investment product, and there is no essential difference from promising NFTs or fakes held in hand.

Now I have also reached the age of achieving a little and starting a family, so I repeatedly remind myself:

- Never let sunk costs, debts, and path dependence seal off the future.

- Always stay clear-headed, light, and retain the right to take another step forward.

$BNB

Crack down on cryptocurrency speculation, sustained high pressure!

Just yesterday, the central bank, in conjunction with the Ministry of Public Security, the Supreme Court, the Supreme People's Procuratorate, and 10 other departments held a meeting to launch a series of measures against speculation in virtual currency trading.

This crackdown action is characterized by higher collaboration levels and broader scope compared to previous efforts.

The main targets of the crackdown focus on the following areas:

1/ OTC trading: Individuals or coin merchants engaging in deposits and withdrawals through Alipay, WeChat, and bank cards. WeChat Pay has previously utilized big data to freeze a large number of accounts involved in virtual currency trading, and the funding chain has become a key monitoring target.

2/ Stablecoin activities: The meeting once again clearly warned about the illegal cross-border trading and money laundering risks associated with "stablecoins". Transactions using stablecoins will become a focus of the next phase of the crackdown.

3/ Illegal fundraising and fraud: Any fundraising, pyramid selling, or financial fraud activities promising high returns under the guise of virtual currency.

That said, for the vast majority of retail investors, 99% of the legal risks arise at the "deposit and withdrawal" step.

Following this meeting, the crackdown will be further intensified, and deposits and withdrawals must be handled with extreme caution; channels like Hong Kong cards may become a necessity.

$BNB

99% of people are unaware that WeChat is the ultimate tool for learning English

"I" -> "Settings" -> "General" -> "Translation" -> "Translate text to English and enable automatic translation"

Translate everything in daily conversations into English, with the help of AI achieving a very high accuracy

It's like having a 24/7 online English tutor

$BNB

Now Binance's strategy for listing tokens has become very clear.

Apro Oracle is the most typical representative project, just like the title of one of my tweets at the beginning of the month: 'Understanding AproOracle means understanding Binance's listing strategy.'

- 10/23 Launch Aster Rocket Launch
- 10/24 Launch Binance Alpha
- 10/29 Launch Binance Perp
- 11/27 Launch Binance Spot

$AT 's overall rhythm is brisk and steady, without dragging its feet. In fact, all of this was basically set in motion the moment CZ personally named it 'Master'.

Currently, we are just one step away from a grand slam, looking forward to the news from 'Han's Exchange' that can be reported back within the year.

StandX's first day performance was mediocre, but it is undoubtedly an opportunity for overtaking in the bend.

Currently, there are not many PerpDEX worth brushing, and StandX, as one of Binance's twin stars, is undoubtedly the most reliable tier.

Five ways to earn points, using real money on the mainnet to score points, come on, let's fight it out.

1/ Holding DUSD (Basic Points)

- Earn 1.2 points for each DUSD every day.
- Includes unrealized profits and losses, just holding it can continuously accumulate.

2/ Daily Contract Trading (Daily Bonus)

- Make more than 2 trades daily with a total of over 100 DUSD.
- Earn an additional 10 points per day.

3/ Providing Liquidity (Enhanced Points)

- DUSD LP is calculated at 1.0x; other coins (USDT/USDC) are calculated at 1.2x.
- Example: 100 DUSD + 100 USDT = 220 points per day.

4/ Swap on DEX (Trading Volume Points)

- Trade DUSD in a designated DEX pool.
- Points are returned at 5% of trading volume (both buy and sell count).

5/ Invitation (Mutual Rewards)

- You and your friends can both earn a 5% bonus on their base points.
- Using someone else's invitation code can also give your base points an additional +5%.

$BNB

Affected by the upward pull of $Hype $ASTER

StandX (@StandX_Official) saw its opening FDV prediction on the prediction market Polymarket rise nearly 20% in a single day, with the median approaching 3B.

Compared to other PerpDEXs, 3B is almost firmly in third place.
- Hype FDV 38B
- Aster FDV 10B

I’ve often heard people say that StandX is one of the components of Binance's horse racing strategy, and now it seems that there might be some truth to it?

It is evident that the project lifecycle has shortened this round. Most of the major players capitulated at that moment and immediately entered an endless cycle of selling off.

Although no currency can rise indefinitely, I sincerely believe that new projects should learn from older projects. Many veteran projects that have survived several rounds are still actively working.

Founded in 2015, IOTA is digitizing documents, identities, and processes for global trade on the blockchain, serving as the underlying technology for cross-border digital trade infrastructure.

For specific processes, see the diagram. Upon a brief glance, several narratives are quite appealing.

1/ Fifty-five African countries will jointly use the same digital trade system, marking the first appearance of a "continent-level unified on-chain trade infrastructure" globally.

2/ Surprisingly, USDT is being used.

3/ ADAPT's goal is to transform cross-border trade from paper-based and manual processes to a fully verifiable, traceable, and shareable digital standard system.

4/ The system no longer relies on independent databases from various countries but adopts an open, transparent, and universally recognized data structure that can be cross-border acknowledged.

5/ Trade documents, certificates, identities, and compliance information will exist in a verifiable digital form, significantly shortening the processing time for customs clearance, review, confirmation, and other stages.

6/ Multinational pilots have already been completed, with verification times reduced from several hours to dozens of minutes, and manual steps decreased by more than half, making it practically ready for production.

7/ It will be implemented in January next year, bringing new investments from Africa into the crypto space.

$IOTA

I really admire that Monad is the procrastination king.

The prediction for Monad's TGE first day FDV on Polymarket has plummeted from over 3 billion, starting at 90% down to 40% as the market cooled.

The dragon one project aPriori faced a public opinion storm, took some community suggestions, and promised more non-locked airdrop shares.

It is an undeniable fact that Monad lacks funds. Whether the positive release of APR can turn the tide has significant reference meaning for the ecological trend.

$APR

Even the dullest person should gain something from seeing the experience of their friend

Left-side trading + contract leverage + counterfeit assets = suicide

The first lesson of trading is to acknowledge that you are not destined for greatness and to completely abandon the naive idea of 'precise bottom fishing and lifelong benefits'

$BNB

Recently, when chatting with classmates who are management trainees at local banks, they generally mentioned that the pressure to attract deposits this year is quite different from previous years.

As a rule, at the end of each year, bank employees are usually busy trying to boost their KPI by attracting savings, but this year is different; some local banks have even taken the initiative to cancel 5-year deposits.

Today, Sanlian Life Weekly also discussed this matter, and the implications are very profound. I would also like to share my views in conjunction with the cryptocurrency market.

❚ Reasons for banks canceling 5-year deposits

As intermediaries for deposits + loans + investments, banks' core profits rely on "net interest margin":

Net interest margin = loan/asset yield - deposit/liability cost rate

Currently, the net interest margin is being continuously squeezed.

For friends who have not studied related knowledge, let me explain a few points in layman's terms:

- Commercial banks are not charitable organizations; they also need to be profitable.
- Your deposits = the bank's liabilities (the bank has to pay you interest).
- Your loans = the bank's assets (you have to pay the bank interest).

When loan interest rates continue to decline and asset yields constantly decrease, the "earning side" of banks is shrinking; however, if long-term deposit rates remain high, the "paying side" will be stuck, meaning banks are effectively losing money.

In summary:

Interest rates are continuously declining, loans are not profitable, and long-term interest rates are still a burden; for such high-cost, long-term liabilities as 5-year deposits, banks would rather do without them now.

❚ Possible impacts

First, as small local banks take the lead in canceling 5-year deposits, large banks are also very likely to follow suit.

The impact on ordinary citizens is that there are fewer and fewer stable, high-interest deposit scenarios, and people have no choice but to seek alternative asset allocation methods.

One option is savings-type government bonds.

However, for ordinary people, the quota for government bonds is limited, and they usually get snatched up before they can even get a chance to invest.

In addition to savings-type government bonds, bank wealth management can also be considered a scenario, but compared to risk-free time deposits and government bonds, the risks of wealth management are not zero.

Sanlian Life Weekly also mentioned A-shares, but I personally do not agree; after nearly a decade of bear market baptism, very few people see the stock market as a savings method.

So the real situation is that people are afraid to invest and have no place for wealth management.

$BNB

In this world, there are only 'Bitcoin' and 'other coins'

When you get excited about a certain project, whether due to high funding, good endorsements, or a good theme, thinking it could become the next Bitcoin,

it may be worth opening the 'zombie project' list compiled by Rootdata to take a look

and remind yourself to always stay clear-headed and keep the disillusionment at bay

$BNB

Wow, WeChat is really hitting the cryptocurrency world hard

I thought the announcement about cracking down on blockchain virtual currencies released last night was just a routine matter, but I didn't expect to see its power today

Several paid groups with hundreds of members suddenly got banned without any red warning, including the group owner and all the admins being banned

Currently, it is suspected that words like USDT and BTC used by group members triggered the risk control

WeChat is clearly no longer suitable for cryptocurrency communities 🙏

$BNB