子敬

I’ve played a few rounds of “1 in 8 Billion” over the past few days—a little life-simulation game where you’re born at random. Highly recommend it; it’s so damn fun.

https://1in8b.life/zh-hans/

I tried following roughly the same strategy each time (the game gives you major life choices at various turning points), but ended up living completely different lives. The only thing that determines your fate is luck—or what AI animated dramas these days call “fortune,” I guess. The more I play, the more I realize how spot-on Buffett’s phrase “the ovarian lottery” is.

People often joke that life is so hard they wish they could start over with a new account. But this game really makes you feel what that would mean: given today’s global birth rates, there’s a very high chance you’d be born somewhere like Africa or India. Would you still want to try again?

At long last, I rolled a birth into an Indian Brahmin family, thinking I’d get to be one of the privileged for once—then I freaking died at age one. 😤

Before you’ve even had a chance to make any choices, where you’re born and what kind of family you’re born into have often already determined so much about your life.

For example, if you’re born into a family in the bottom 20% by income in the United States, your life might still be easier than that of someone born into the top 20% in some African countries.

“Poor” and “rich” can mean very different lives in different countries and circumstances. Your ranking in your local context doesn’t directly tell you what you’ll actually have access to.

The same strategy can have completely different results depending on the circumstances you’re born into.

Whether you can keep studying, how much you can save from the job you find, whether you can afford treatment when you get sick, and whether you’ll have enough left to carry on after you recover—all of these affect the choices available to you down the line. If you want to follow a long-term plan, you first need the means to hold on long enough for it to pay off.

After playing several times and living through a few different lives, I think it’ll be hard to look at people and situations that once felt far removed from your own life and casually say, “They ended up like this because they didn’t try hard enough.”

Effort matters. It’s just that the same amount of effort can yield wildly different results in different circumstances. Some people can fail once, take a breather, and try again. Others have so little energy to spare that just keeping their current lives going takes everything they have.

We’re so used to explaining everyone’s life through the path that worked for us. And especially when things are going well, it’s easy to mistake the advantages we were born with for something we earned ourselves.

This game gives us a chance to test whether the approach that worked for us would still work if we were born into different circumstances.

Online, I can close this round and draw again.

But in real life, the people who draw that card have to keep living with it.

Most trading platforms out there are competing on speed, depth, and fees. @astros_ag has built something a little different, and it looks pretty interesting.

Astros is a trading and market intelligence product on @SuiNetwork. Its founder, @JerryL60941347, previously led growth at @navi_protocol. Astros is also part of the MemeCore ecosystem. It collects the buy and sell calls that KOLs have posted publicly on X and turns them into records with timestamps, direction, assets, and outcomes. Then, through its Plaza and KOL Benchmark, it presents them as track records people can review.

Put simply, it gathers what KOLs have said publicly and what happened afterward, and displays it all in a public plaza. You no longer have to take their word for whether their calls were right—their historical track records are there to check.

The Back the Alpha campaign is now in its final week, with 10k U in prize funds still available. The top five KOLs and the communities supporting them can share that week's prize pool, with KOLs and eligible Backers each receiving half.

I don't really make calls myself, so there's no need to look me up 😆 You can check out other creators' returns, win rates, call counts, and historical records in KOL Benchmark, then Back the ones you genuinely believe in.

It's easy to participate:

1️⃣ Visit Astros using the referral link 👉https://perp.astros.ag/perp/SUI-USD?referralCode=WZV7
2️⃣ Open KOL Benchmark at the top left of the page
3️⃣ Compare track records, choose a KOL, and click Support
4️⃣ Keep a balance that meets the seat requirements shown on the page

A few details to keep in mind:

▫️Your deposit stays in your own trading account; it isn't transferred to the KOL
▫️Eligible paid seats receive 25 U in trial funds, up to twice per person. Free seats don't receive trial funds instantly
▫️Throughout the entire settlement week, your account's minimum balance must cover the requirements for all your seats. Withdrawing funds partway through will make you ineligible for that week's prize distribution
▫️Rankings are based on public call performance and the number of valid Backs, weighted equally at 50% each
▫️Trial funds shouldn't be treated as a cash reward. Check the campaign page for the conditions on using and withdrawing them

One final reminder: you can take part in the campaign and compare several KOLs, but don't follow calls blindly or increase your position just because trial funds are available. Always act within your own risk tolerance.

I recently came across a new project, @NucleusCodes. It’s basically a Web3 reputation and opportunity platform, introducing some new opportunities.

Users log in with X, then connect as many wallets as possible—especially ones with lots of past transactions. It currently supports three chains: EVM, SOL, and BTC, with up to 10 wallets per chain.

Here’s the direct link 👉https://nucleus.codes/invited?code=wIneptjv

Once you connect your wallets, the platform brings together your wallet history, NFT holdings and trades, interactions with DeFi and other protocols, posts on X, and past activity performance to build a general profile of you.

Projects, meanwhile, publish different activities on Nucleus and rank users based on their on-chain history and content contributions. They can directly distribute whitelist spots, NFTs, stablecoin rewards, token airdrops, or platform points. This lets projects get whitelist spots and early allocations into the hands of the users who are a better fit, greatly improving their efficiency in identifying target users early on.

For everyday users, it’s useful in a few main ways:

1⃣ Find opportunities that suit you better

The platform uses your past activity to show how closely you’re connected to different projects. For example, if you’ve often participated in NFTs, DeFi, AI, or a particular chain’s ecosystem, you’ll have an advantage in projects that are more relevant to your experience.

2⃣ Put your past on-chain experience to real use

Some users aren’t KOLs and don’t have many followers on X, but they’re extremely active on-chain. They’ve used lots of products and participated in multiple ecosystems, building up a genuine on-chain track record. Reputation activities are more welcoming to these users because rankings are based mainly on their past on-chain history, without requiring them to make costly new trades. For example, on-chain OG Xu Bo, @erichsu_eth, is ranked 17th overall on-chain, so they’re basically eligible for just about every project on the platform with a single click.

3⃣ Give content creators a clearer way to participate

The platform also has Contribution activities, which rank users based on the content they publish about a project, its relevance, originality, and genuine engagement.

This isn’t like the low-effort shilling you saw on Kaito before, where people endlessly post just to climb the rankings and clutter everyone’s timeline, or where some content farms use batches of accounts to copy and paste project descriptions and spam them repeatedly. That kind of approach can actually backfire.

Truly valuable content comes from understanding the project and explaining, from the perspective of a real user, what it does, how it differs from other projects, and what you think of it.

4⃣ Bring “discovering projects” and “participating in projects” together

One underappreciated benefit of the platform is that you don’t have to search everywhere for whitelist spots, airdrops, and content activities. Once you’re on the platform, you can see some of the currently popular projects (see image below 👇). For example, the popular @ptsdshow is running an activity, and you can see at a glance that it ends in three days. The number of participants, activity type, and ranking are all easy to see too. You can use the platform as a Web3 opportunity radar: browse and filter first, then decide how much time to invest.

I did a little research, and there have been a few reputation platforms before. Here’s how Nucleus differs from them:

1⃣ @ethos_network is like a social credit network. The focus is on whether other people are willing to vouch for you and rate you, and how the community judges whether you’re trustworthy.

2⃣ @plventurestudio is more like a Web3 résumé. It mainly serves developers, builders, and open-source contributors, helping prove what they’ve done and what they’re capable of building. It’s not as relevant to everyday users.

3⃣ Kaito, @KaitoAI, is more focused on content influence and the attention economy. It looks at which projects people are discussing on X, who can drive effective reach, and which KOLs projects should work with. It also promotes rankings for low-effort shilling tasks, cluttering everyone’s timeline 🙂

Ethos focuses on “who is trustworthy.”

Talent focuses on “what building work you’ve done.”

Kaito focuses on “how much attention you can bring.”

Nucleus is more geared toward everyday users, focusing on “which projects suit you and what opportunities you should get to participate in.”

Although it also uses a similar ranking system, it can create an effective path from reputation → ranking → project eligibility → rewards.

Nucleus is still in public beta. Its scoring formula, reward distribution, and the specific rules for different activities haven’t all been made public yet. I get the feeling there may be a token launch down the line.

If you’ve spent a lot of time in NFTs, have a rich on-chain history, or enjoy researching projects for alpha and can write original content, Nucleus is definitely worth checking out.

Thanks to @0xAstra for the Mid-Autumn gift box. I didn’t get a chance to take a photo, but I’ve already received the thought behind it. Wishing everyone a happy holiday 🌕

Also, you can use @GMWallet— a more everyday Web3 wallet. It focuses on self-custody and managing multi-chain assets, plus stablecoin top-ups and payments through GM Pay. Looking forward to when they roll out a U-card—it’ll be even more convenient.

@0xAstra’s account is also pretty interesting. They sometimes post pretty “dry” content—more product, tech, and insights (they’ve been spamming a bit more lately 😆). Just read the highlights, haha

There are all kinds of “miracle” trade recaps that are easy to spot in the market, and they’re all made by the “always-earning” guy.

But to see whether there’s real substance, you still have to dig through the old records more.

Over the past couple of days, @astros_ag has done a pretty good job with Astros Plaza—you can take a look 👀

It integrates the market viewpoints that were scattered across posts.

Including a KOL’s recent trade calls, historical performance, asset heat, and who expressed what opinions under different topics—everything leaves evidence.

For those who usually scroll the information feed a lot, it’s still quite useful. At the very least, it can automatically filter out some talkers.

Go try it👉perp.astros.ag/plaza

The official says that with serious feedback, there’s still a chance to get Perps trading体验金.

Also, if you see a good call on X, you can reply in the comments: “Great call. @astros_ag Marked”, or just mention/circle @astros_ag directly.

If you have any Astros-related questions or want to join the KBW event, you can ask Teacher LaGao @MaraCakeHotSale 😎

After the last security incident involving @KiiChainio, the truly difficult part for them was only just beginning. Recently, they’ve also been keeping a close watch.

Chain can resume block production, and the vulnerability can be fixed. But community trust and market attention won’t just come back on their own because of a simple recovery announcement.

For KiiChain, which does B2B cross-border payments, whether they can continue building the ecosystem afterward is the core of this return.

During this time, I’ve seen the team consistently respond publicly. CEO @DanyelArenas has also appeared multiple times in Spaces and livestreams, explaining project progress to users and addressing community questions—this is a big plus.

At the same time, advancement on the product side and the ecosystem side continues. Market attention, the coin price performance, and subsequent collaborations are gradually showing signs of recovery.

Such signs of recovery don’t directly mean they’ve successfully won back users, of course. After a major security incident, the impact definitely needs to be gradually digested through more stable long-term operations—especially for cross-border payment businesses. Partners care more about the ecosystem’s ability to deliver continuously and handle risk, not just short-term buzz.

But at least, based on the actions so far, KiiChain has chosen to stay firmly and keep pushing forward the work after the incident, handling the aftermath properly. For a project that has been through a stress test, this is a rare opportunity to prove themselves—demonstrating the courage to “return as a king.”

You can also look at $KII ’s recent market performance and KiiChain’s subsequent progress, and continue to observe @KiiChainio’s ecosystem expansion and product updates. It still feels very much worth paying attention to 😎

After the recent string of security incidents, @KiiChainio has officially announced its return. Looking at the main business KiiChain focuses on—B2B cross-border payments—security is the lifeline between life and death.

Let’s go over the sequence of events:

Around 22:50 UTC on August 22, KiiChain detected an attack. It then paused the network, preventing the vulnerability from being exploited further. The incident occurred roughly near block height #9,355,723, and the attacker repeated the exploitation 18 times.

Then, in the early hours of August 23, the official statement for the first time confirmed the issue was in the EVM module. Some funds were transferred via Hyperlane to the BNB Chain. A few hours later, the official pinpointed the root cause to the shared Cosmos EVM module, stating that the incident had been contained and that other supported networks were not affected.

Approximately 148.3M in total value, specifically $KII , was affected. Of that, about 80.7M $KII remained on-chain. The official said funds could be restored, upgraded, and migrated to recovery wallets. 67.6M KII had already bridged to BNB Chain, another 3M went to KuCoin, and a freeze was requested.

By August 28, KiiChainio announced that the network had resumed producing blocks and entered a fully operational state.

The official stated that the underlying issues have been patched, the network has been further secured, and the chain state was verified before being brought back online. They also said there was no loss of user funds and that most of the affected tokens had been recovered.

So for now, KiiChain has moved from pausing the chain to stop the bleeding and has entered the recovery and restart phase. The focus now shifts to ecosystem recovery: TRON integration, product progress, ecosystem expansion, and whether real users can truly return and participate again.

As for the specific details of fund recovery and the freezes, more information will need to be confirmed through subsequent announcements and cross-verification with external sources. That said, regardless, the network’s official restoration is a good start, but rebuilding long-term trust and vitality in the ecosystem will still take time to prove.

Keep following and stay updated on the latest developments.

Today I listened to Meng Yan talk on his latest podcast, "Nobody Knows E46 We Have Never Seen Each Other," about the question: “Who did you see?” Maybe each of us is just living in the world of our own imaginings.

Last night, I finished watching the endless gossips in the sky. Sun Ge’s writing is indeed excellent—no wonder he was the top winner of the New Concept contest back then. But how much of it is true and how much is made up? Outsiders can’t really know, because it’s purely fictional.

What’s clever is that the two of them together sparked some thoughts. I want to talk about how, in this long narrative, two people “see” each other.

The “Jingtian” mentioned below is the Jingtian in Sun Ge’s writing. “Sun Ge” is also only the Sun Ge in this article.

▫️The Jingtian in Sun Ge’s eyes is like a palace that must be emptied out and cleared for her.

He books a whole floor of a hotel, clears the entire cinema, arranges flights, schedules, assistants, bodyguards—everyone gets put into motion, all just so she can stay in a space “with nobody else.”

In this story, what she seems to care about isn’t just money.

She cares about: “Can I change something because of me?” “Will you make room in the world for me one day?” “Will you refuse me someday?”

So maybe what hurts Sun Ge the most isn’t just 50 million.

The voice in his heart might really be: “I can accept everything you give me, but you as a person—because of that—you’re still not irreplaceable.”

▫️So, in Sun Ge’s pen, she becomes someone who “always still wants more people.”

He writes that she wants privacy, wants a house, wants a bride price, wants a bigger diamond ring—between the lines there’s a huge imbalance.

But the most interesting part is right here: Sun Ge repeatedly writes, “I said okay.”

He hardly ever asks, and he never refuses. He understands what he gives as love, understands fulfilling her needs as getting closer, and understands each agreement as the moment he’s finally needed.

Until the end, he admits that he doesn’t say “no.” It isn’t because he’s especially generous—it’s because he’s afraid.

Afraid that if he refuses, the other person will leave. Afraid that if he keeps pressing for answers, the one he doesn’t want to face will rise to the surface.

▫️Then what if we switch to Jingtian’s perspective?

In her eyes, Sun Ge might be another person—complex in a different way:

A person with exceptional ability, abundant resources, someone who can arrange everything quickly and flawlessly.

Someone who, as early as three months into knowing her, could organize her projects, relationships, assets, and residence into a document.

Someone who says “I trust you” with his mouth, but keeps investigation materials all along in his heart.

Also a person willing to satisfy nearly every demand, yet who never truly asked her, “What exactly do you want?”

In such a relationship, money becomes strange.

Money is like love, and like power; it’s like care, and also like an invisible net.

Once you accept it, it’s hard to say you’re not defined by it anymore. Refusing it might also mean facing the other person’s disappointment, anger, even the backlash of the entire narrative.

▫️So maybe they either never really saw each other, or maybe they never saw the other person as they truly were.

What Sun Ge sees is a Jingtian who keeps taking, keeps testing, and can never be filled.

What Jingtian sees might be a Sun Ge who treats “what I can give” as “I understand you,” and treats “I’ve never refused” as “I love you.”

One person sees the other as prices and numbers.

One person sees the other as ability—maybe only “cash power.”

In the end, neither of them sees the concrete person in front of them.

Meng Yan says that what people truly engage in with each other is often not two people, but the “images” of the other person that live in each other’s minds.

In those images there are real experiences, and also old wounds, fears, desires, and that part of ourselves we’re least willing to admit.

In Sun Ge’s article, Jingtian is like a blurry QQ profile picture saved from nineteen years ago.

The picture keeps getting bigger, but the person becomes harder and harder to make out.

▫️What the internet is best at is compressing a complicated person into a label:

a gold-digger, a clinger, capital, a female celebrity, a big shot, the victim, the perpetrator.

Once a label is attached, every detail afterward automatically serves it. Just like Xiantai in “Good Friends,” we stop seeing what this person did—we start looking for evidence to prove: “Look, he’s exactly that kind of person.”

I think what Meng Yan wants to remind us in this episode is:

When we realize we’re using a label to look at people, the label has already started to loosen.

This doesn’t mean nobody is responsible, and it doesn’t mean all harm should be forgiven.

It’s just that when many relationships reach the very worst point, it may not be because we didn’t love enough. Often it’s because we attached ourselves too early to that label—“Look, I saw through you long ago.”

We think we’re looking at the person outside the window.

Only later do we realize that what’s reflected on the glass has always been ourselves.

WLFI has gotten another financial license, but from my perspective, it’s starting to gradually move $USD1 from being just a simple stablecoin onto the path of “building and controlling an entire suite of stablecoin infrastructure.”

Let’s check the progress:

The World Liberty Trust Company (WLTC) associated with @worldlibertyfi has already received an OCC preliminary conditional approval for a national trust bank license.

Once the operating conditions are met, the issuance, redemption, reserve management of $USD1 , as well as institutional digital-asset custody, will all be pushed forward under a federal regulatory framework.

In short, WLFI wants to pull the core components of $USD1 as much as possible back into its own controllable and auditable system.

Because as stablecoins mature, the market won’t just look at whether they can maintain a 1:1 peg to the US dollar. It will also look at who manages the reserves, who is responsible for redemptions, and whether institutions dare to route their capital and business into it.

Step two: Formerly, Ryan Ballantyne, ex–Coinbase institutional business lead, has officially taken on the role of CBO. This position is more about connecting real expansion pathways—assets management, capital markets, and institutional channels—into the drive to scale USD1.

So now, WLFI’s route is becoming clearer:

On one hand, strengthen regulation and custody capabilities; on the other, strengthen institutionalized business capabilities.

The first addresses the trust problem; the second addresses the scale problem.

Of course, the license is still only conditionally approved. WLTC has not officially started operations yet, and progress on the $USD1 infrastructure also can’t be equated with value capture of $WLFI .

Next, what needs to be watched is the actual rollout of operating timelines, reserve and redemption mechanisms—and whether $USD1 can secure more real payment, trading, and institutional use cases.

Keep following closely. Since stablecoin competition has reached this stage, the next phase is all about who can turn “trust” into long-term infrastructure.

Just saw Reflect @reflectmoney release a payout plan for this shitty project. If you had money stored before, go take a look.

Right now, the options offered to affected users are:
▫️ Get back 0.2 USDC for every 1 USDC+ equivalent
▫️ Or add 80 RC tokens that the official has already explicitly stated have “no monetary value, non-transferable, no promise of future rights or benefits”

Then comes the key point: users will permanently transfer their future claims/recovery rights against Drift/Velocity to Palindrome Engineering.

In other words, if you take 20% cash now and future recovery ends up exceeding 20%, then the money you would have gotten has nothing to do with you—it’s all his.

To be precise, this isn’t a compensation plan provided by the project team at all; it’s an unreasonable discounted debt-claim harvesting.

Forget the 80% discount for a moment. The real issue is that the extra RC is already sealed off on the official side with a clear value boundary, yet the project team is still using it as part of the “compensation” in their proposal.

Also, the portal’s calculation for the “affected amount” has reportedly led to confusion: users say they admitted losses of around $200, while the page only shows $2.

So exactly how much have users lost in your end—how should that be calculated? And why can related parties to the project take away the future recovery upside at a 20% price? All these questions need to be clearly addressed.

@0xNIC0 @stablecoinjesus @arifkazi_ Please answer directly:
1. Why should RC be included in the narrative of the plan?
2. What is the calculation basis/method for eligible amount?
3. How are Palindrome and Reflect’s interests isolated/separated?
4. If future recovery is significantly higher than 20%, why can’t the original users participate in it again?

This set of terms seriously takes advantage of the affected users’ liquidity anxiety, and then uses a very low, high-certainty cash buyout to purchase a relatively more likely chance of recovering.

Affected users should first verify the principal/base, and then decide whether to sign. Absolutely don’t treat each 80 RC as an expected gain—in financial terms, it’s only equivalent to a discounted debt-claim purchase at a two-tenths rate.

You should also question @a16zcrypto and @elliefarrisi: is this really how the project you invested in treats users?

#a16zCSX

Finally

Unlocked

Some memories from years ago

A shattered dream story

Add a meal, too

Remember to be kind to yourself 🥹

The USDT stablecoin sector—at the end of the day, it’s still crowded mainly by users’ idle capital. Can it somehow also help us grab a bit more than just certainty?

This time around, holding $USD1 on BN means everyone has been enjoying it for a long time—the whole bearish market period.

The latest episode is another refill:
🔸 Up to 5.56% APR
🔸 A total reward pool of 165,000,000 $USD1 ($WLFI )
🔸 Deposit in a margin or futures account; if you meet the requirements, you can also get a 1.2x reward boost
Spot, funds, margin accounts, and $USD1 in USDⓈ-M contract accounts can all count.

For those who already have a $USD1 position, just move it over and leave it there—no need to force leverage just to chase a little extra. Stability first.

⚠️ Here’s a detail that’s easy to miss: to get the 1.2x returns, the daily open interest of $USD1-related contracts must be at least 300 $USD1. How the contracts are used still depends on your own risk tolerance.

The campaign ends at 8:00 AM tomorrow morning. If you already have $USD1, remember to check your holdings.

#USD1 #WLFI

The 1600w $WLFI event is back for a refill, three tracks, with a 30-day window to rake in the profits. Let's break down which one is the most profitable.

Cycle 👉 6.19 → 7.18, total of 30 days.

Prize Pool: 16,000,000 $WLFI tokens.

Entry: @Binance Wallet DeFi, three protocols corresponding to three strategies.

Threshold: as low as 100 USD1.

1⃣ Strategy One: Earn | Grab that APR boost.
Protocol: Lorenzo / Lista Vault.
Prize Pool: 14.4M WLFI (90% of the total prize pool).
How to play: Subscribe ≥ 100 USD1.
Key Point: During DeFi Season Earn, Lorenzo USD1 positions auto-roll, making it a smooth ride for existing users.

2⃣ Strategy Two: Loan | Capture that borrowing APR boost.
Protocol: Lista.
Prize Pool: 800k WLFI.
How to play: Stake sUSD1+ as collateral, borrow ≥ 100 USD1.
Risk Point: Keep an eye on the liquidation line; don’t over-leverage your collateral ratio.

3⃣ Strategy Three: LP | Snag those trading fee boosts.
Protocol: PancakeSwap.
Pool: sUSD1+ / USD1.
Prize Pool: 800k WLFI.
Best suited for: Those already planning to do stables LP, just pure boosts.

🔅 Personal Judgment

With 90% of the prize pool focused on the Earn track, it clearly shows that the official push is for the subscription play.

Expected yield ranking should roughly be: Lista Earn ≥ Lorenzo Earn > LP > Loan (based on APR boost efficiency estimation, final figures should always be checked on the page).

If you can only pick one, Lista Earn seems to be the highest return on investment choice since sUSD1+ is already an earning asset, adding an APR boost results in double the profit.

⚠️ Special Reminder: The detail about existing positions auto-rolling is crucial; don’t forget to confirm that on the page.

There are still 27 days left, choose any of the three strategies, new and old positions are welcome. This opportunity to rake it in should not be missed.

#USD1 #WLFI

Big News Alert

This time, Wall Street's derivatives cash register opened even before the Fed started printing money, as Binance has launched the $BTC / $USD1 perpetual contract.

$USD1 is the official stablecoin created after the president stepped down. If we only look at it from the perspective of on-chain transfers, it's basically just an empty promise and doesn't hold much real significance. What really matters is what kind of 'pricing anchor' can be found in the mainstream liquidity pool.

With the launch of the Binance contract, it’s taking on the roles of pricing, margin, and collateral all at once, like building a load-bearing wall in the deepest waters of on-chain finance.

With a 99.99% collateral grade, being able to secure this number in a unified account changes the game. It indicates that the credit of $USD1 is now equivalent to native USD or prime staked blue-chip assets, moving away from the wild west days of the crypto scene to a standard 'old money shell game.'

The logic I wrote about yesterday is now complete, closing the causal chain:

▫️ Blue-chip assets from the U.S. stock market are tokenizing and competing for liquidity, raising the entire baseline on-chain.

▫️ On the positive side, it keeps money on-chain, while on the negative side, it further forces grassroots native projects into a corner for financing.

The current move with $USD1 is essentially placing the cash register in the most prominent position on this elevated baseline. Looking ahead, the gap between on-chain native assets and compliant assets will only shrink, and investors' judgment of value anchors will fundamentally shift with the entrance of these institutional players.

In the past, retail traders often searched for that one in a million certainty in Meme PVP, hoping to strike it rich through luck and timing.

Now, looking back, those who truly control the wealth direction in the secondary market are rarely the so-called retail traders but rather the market makers who have already allocated chips and paved the way for compliance in the primary market.

The policy dividends from nation-building and the upward spiral of $USD1's asset scale are the macro Beta factors that will be hardest to avoid in the coming months.

This financial restructuring based on macro national policy is reshaping the rules of the game for this cycle.

The table hasn’t been cleared; it’s just a new dealer.

As for what comes next, the next cycle will speak for itself.

🔅 Reminder: Bybit has launched a ridiculous $USD1 product with a 20% annualized return. You might want to check it out.
#USD1 #WLFI

Last month, I listened to an in-depth interview with @Sawyer_APRO about @APRO_Oracle on @day1globalpod, which drew my attention to the APRO project.

Currently on the BNB Chain, APRO is the only oracle with revenue.

Other oracle projects typically go quiet after their TGE, but APRO is busy signing clients—card games, prediction markets, AI, all are top projects in popular sectors.

APRO's current position is somewhat like that of @KEMKEM 1 back in the day—firmly seated as the leader in a single chain, looking towards the entire ecosystem. History doesn't repeat itself, but it can always be referenced.

The team also has a vision; the Pancake pool has voluntarily locked in for 12 months, while also promising that the FDV will not be lower than the opening price.

There are reports that a node plan and staking system will be launched soon. If VC and large holders start locking in at this time, we can roughly estimate how the circulating supply will move 🤔.

Currently, the leading projects in the oracle sector have basically all been listed on Korean exchanges, and I believe that $AT is likely just a matter of time.

The image below shows the performance report of $AT on @Aster_DEX over the past week.
👇 The extent of the bias from the BN resource is probably unnecessary to elaborate on.

If you want to learn more about APRO, you can listen to episode @starzq with @Rubywang, which is as comprehensive as it gets.
https://www.xiaoyuzhoufm.com/episode/68f3ab96456ffec65e66f083
(This is already the fourth podcast interview on a #Binance spot project, which is quite alarming to think about.)

#apro #BNBChain