Weekly Editors Picks is a functional column of Odaily Planet Daily. In addition to covering a large amount of real-time information every week, Planet Daily also publishes a lot of high-quality in-depth analysis content, but they may be hidden in the information flow and hot news, and pass you by.
Therefore, every Saturday, our editorial department will select some high-quality articles that are worth spending time reading and collecting from the content published in the past 7 days, and bring new inspiration to you in the crypto world from the perspectives of data analysis, industry judgment, and opinion output.
Now, come and read with us:
Investment and Entrepreneurship
Messari: The macro cycle has reached its peak, is a ten-year bear market coming?
The author reviewed the period from the outbreak of World War II in 1939 to Trumps re-election in 2024. The global economy dominated by the United States experienced a super bull market driven by one-off events such as the rise to a superpower after World War II, the entry of women and minorities into the labor market, and the victory in the Cold War. However, the author believes that this feast has ended due to factors such as the trend of deglobalization, the non-repeatable expansion of the labor force, and the difficulty of further lowering interest rates; in the future, it will face the liquidation of financial assets, capital controls and fiscal repression, and it will be difficult for traditional markets to regain their glory.
Gold and Bitcoin, as non-traditional assets that are difficult to control by the government, will become safe-haven options. In particular, Bitcoin may rise in small and medium-sized countries due to its digital advantages and may eventually reach a market value of millions of dollars, but it must first go through the test of a bear market.
The evidence is clear that we are entering a bear market
The researchers at The Defi Report qualitatively analyzed the crypto market cycle, showing some key bearish data, refuting some common bullish views, and ultimately confirming that we have entered a bull market that may last for 9 to 12 months, while reminding people to pay attention to reversal indicators: fiscal tightening/reversal of the efforts of the U.S. Department of U.S. Government Efficiency (DOGE); a sharp reduction in the Federal Reserve/quantitative easing; a massive influx of global liquidity, driven by the Federal Reserve (not just China); a major adjustment/capitulation of the SP 500/Nasdaq.
The US Bitcoin reserve policy may be underestimated, interpreting the budget neutral strategy
“Budget neutrality” does not mean that you cannot increase your BTC holdings, but that you need to increase your holdings more flexibly, such as buying and selling at the same time.
New version of Bitcoin bill submitted, is buying of 1 million BTC on the way?
1 million BTC will be held for at least 20 years, with the Treasury Department and the Federal Reserve possibly making joint investments.
The relaxation of US crypto regulation ushered in spring for the five major sectors
Bitcoin (BTC) and related ecosystems, USD-pegged stablecoins, compliant DeFi projects, RWA, payment and cross-border transaction projects.
Jump fully resumes its crypto business: a comeback or a difficult situation?
Jump chose to fully resume its encryption business at this time. In addition to Jumps legal settlement in the Terra incident, a more critical reason is the Trump administrations friendly attitude towards cryptocurrencies.
Jump still has the strength to make a comeback. Jump Trading still holds about $677 million in on-chain assets, of which Solana tokens account for nearly half (47%), holding 2.175 million SOL. The second largest holding is stablecoins, which account for about 30%.
But with its dark history hanging over it, Jump is afraid that it will be difficult to recover.
Users don’t want VC coins or meme coins, so what do they want?
The main problem with VC coins is that the project party’s coins lack the motivation to continue building after they are listed. Both VC and project parties will cash out and run away after listing the coins.
Memecoin has evolved from an early entertainment function to PVP (Player versus Player) in the middle and late stages, and later to PVB (Player versus Bot), becoming a tool for a few experts to harvest retail investors. It is a serious problem that memecoin has not had effective value injection.
The project requires both a more reasonable fund management mechanism and sustainable external value injection.
The author is optimistic about Web3 native fields and applications combined with AI.
The article analyzes the revenue models and rules of some classic protocols, as well as several teams that recently announced the repurchase or destruction of tokens.
Aave, Ethena, Hyperliquid, and Jupiter are all accelerating buyback programs, fee conversions, and new incentive structures to make their tokens more valuable rather than just speculative.
We are rapidly approaching the tipping point of over-optimization. By the end of 2025, block space will be plentiful and performance will become a commodity. Once near-instant and free transactions become the norm, sheer speed will no longer be the key to standing out.
Developers need to change their mindset. Cross-chain communication is also key. Standardized and shared liquidity and messaging tools remain critical.
Traditional market makers make bilateral bid and ask quotes during IPOs to maintain market liquidity and relatively stable prices. However, due to strict compliance supervision, the green shoe business is a very standard trading desk branch business without much oil and water.
In the crypto world, most active market makers are very low-key and have no names because they are not compliant. As the industry gradually becomes standardized, ZMQ and Gotbit, which were previously high-profile, were named by the FBI and fell into serious compliance troubles.
The main job of passive market makers is to place maker orders on both sides of the order book of centralized exchanges to provide market liquidity. There are two main business models: Token Loan (borrowing coins) and Retainer (monthly fee).
Mid-tier tokens have had a hard time in 24 years, and opening liquidity has become the most valuable resource for market makers. Bad money drives out good money among market makers: on the one hand, there are more and more market makers, and the quotes are involuted to an outrageous degree; on the other hand, the service quality and professional ability vary greatly, and various after-sales problems often occur, the most common of which is the withdrawal of liquidity and default. The industry lacks regulations, and the project parties are not fully aware of it.
The author also includes factors to consider when a project chooses a market maker.
Behind the collapse of GPS and SHELL: a complete operation chain of a cryptocurrency harvester
The unilateral selling by market makers caused the price of the currency to collapse. The arbitrage pipeline specifically targeting project parties and exchanges includes Spark Digital Capital (VC disguise) → Web3Port incubator (free token exchange service) → Whisper market maker (cash exit).
The turmoil caused by the GoPlus and MyShell incidents has exposed the deep-seated conflicts of interest and lack of supervision in the crypto industry. Blaming individual market makers for the market chaos is too simplistic and ignores the roles of exchanges, VCs, project owners, KOLs and other parties in the profit chain.
Crypto scam operator confesses: I am making money by legal theft
Mariana Van Zeller, host of National Geographic Channels Trafficked, reveals the little-known side of the crypto world through this exclusive interview - the scams that defraud billions of dollars from ordinary investors every year. From the designers of the scams to the victims who have lost their fortunes to the FBI agents who are committed to combating such crimes, a panoramic view shows the cruel reality behind an era of digital wealth that is almost unregulated.
Also recommended: Trumps economic game: Is recession a pass for rate cuts? Four reasons why experienced people advise you not to rush to buy the bottom Sovereign funds dive deep into the crypto market, who will be the next heavyweight player? Examining the crypto industry from first principles: How to break the nihilistic dilemma a16z: How to achieve a secure and efficient zkVM in stages (a must-read for developers) .
Airdrop Opportunities and Interaction Guide
An article on the Zero-Roll DePin Idle Mining Project
Take you 5 minutes to interact with Zora, which is about to issue a coin
Meme
Pump.fun’s new DM function: Can social transformation revive the Meme market?
On March 13, Pump.fun officially launched the new DM (private message) function, marking the platforms transformation from a token trading tool that only talks about money but not hearts to a social ecosystem full of human touch.
Also recommended: P young players must learn: How to check wallet type through GMGN .
Ethereum and Scaling
The secret war between L2 and L1, who will be the winner of dApp revenue?
L2 has an advantage over L1 in terms of operating costs, because L2 only needs to pay the cost of a single sorter, while L1 needs to pay for the security of all validators. L2 has unique advantages in speed and reducing MEV, and can support dApp profit maximization through innovative economic models. Although L2 cannot compete with L1 in liquidity, its potential in the dApp economy will drive the crypto industrys transformation from infrastructure to a profit-driven long-term business model.
Also recommended: In-depth Research Report on Ethereum Prague Upgrade: Technological Innovation, Ecological Impact and Future Outlook and From King of Copycats to Institutional Paradise? Can Pectra Upgrade Reshape the Ethereum Ecosystem ?
Multi-ecology and cross-chain
In-depth analysis of the top five AI Layer 1 projects
Bittensor, Vana, Kite AI, Nillion and Sahara.
The ultra-light nodes and security risks introduced by V1 transfer the heavy block synchronization and verification calculation work to the oracle and relayer, thereby keeping the on-chain contract extremely simple. It has efficiency advantages, but there are also obvious security risks: traditional risks, unclear responsibility boundaries, chain-level risks, and language and relayer centralization at the practical level.
The advantage of V2s DVN mechanism is that its sources are diversified, different cross-chain solutions can coexist, and users can choose independently; the disadvantage is the fragmentation of security strategies, the final choice lies in the application, and the complexity of the system is increased.
From a business perspective, the identity of the cross-chain bridge has changed from an independent service provider to an underlying service (2B Party B) under the multi-chain trend. The launch of v2 has triggered more competition among DVN roles, which has turned layerZero into Party A, while the actual bridge verification function has become Party B. In order to get a better recommendation position, Party B will naturally change the profit-sharing logic with Party A. In addition, LayerZeros positioning is very special. It is a public facility for cross-chain communication, but it is not the ultimate undertaker of the business.
Many infrastructure projects offer incentives or subsidies to attract applications, while LayerZero prefers to tie interests together (such as investing in other projects or letting other parties invest in itself).
In terms of project valuation, the airdrop expectations have been largely digested after the token issuance, and the final valuation must return to revenue. According to calculations, gross profit income between 300,000 and 600,000 yuan is reasonable. It is also possible that in the future, changes from cross-chain fees to asset management fees may bring a large amount of monetization in an instant. After all, in any era, traffic is always king, and monopoly is always profitable.
DeFi
A paradise for high-risk traders? Why do whales choose to open orders on Hyperliquid?
Hyperliquid, a decentralized derivatives platform, has become a paradise for high-risk traders with up to 50x leverage, zero gas fees, and a fully transparent order book on the entire chain.
Hyperliquids product matrix includes perpetual contract DEX, spot exchange, HLP (liquidity vault), Vaults (copy trading), and two innovative token standards.
Its token distribution prioritizes the community, and the established aid fund forms a virtuous cycle: more transactions → more fees → more buybacks → increased token value.
Also recommended: U-based financial management strategy more suitable for lazy people (third issue) Introducing the credit loan gameplay, understand DeFi protocol 3 Jane in one article Annualized 22.6%, how Falcon Finance supported by DWF partners achieves high returns .
Hot Topics of the Week
In the past week, the Hyperliquid whale closed its positions by itself ( operation review );
In addition, in terms of policies and macro markets, U.S. Treasury Secretary Scott Bessent: We will end the regulatory crackdown on crypto assets ; the U.S. Congress voted to overturn the IRS cryptocurrency tax reporting rules ; the U.S. Senate Banking Committee voted to pass a bill to regulate stablecoin issuers ; Trump: In the future, the governments crypto assets will be stored in a new U.S. digital asset library ; David Sacks opposes cryptocurrency transaction taxes ; David Sacks: Willing to buy more Bitcoin in a budget-neutral manner ; David Sacks: Trumps crypto project has nothing to do with industry regulation , and there is no evidence that Trump has personal investments in cryptocurrencies such as Bitcoin; Cynthia Lummis announced the re-proposition of a new version of the Bitcoin bill ; Japan s cryptocurrency reform bill will be submitted to Congress after cabinet approval; South Korea plans to lift the ban on institutional investors investing in crypto assets in Q3; Argentine lawyers apply for an international arrest warrant to hunt down Hayden Davis, the core figure in the Libra scandal ;
In terms of opinions and voices, analysis: Trump deliberately crashed the market to force the Fed to cut interest rates ; US Secretary of Commerce: Even if the tariff policy triggers a recession, it is worth it ; Zhu Su: The establishment of the Strategic Bitcoin Reserve Act has made BTC no longer regarded as a dollar challenger ; Bitwise strategist: MicroStrategy stock is equivalent to altcoin in TradFi; Vitalik: Ethereums goal has never been unclear, and Ethereums goal is to attract a large number of users ; Alliance DAO founder: ETH is currently severely oversold, and it is difficult not to want to buy ; trader Eugene: BTC is expected to have support at $74,000 to $76,000, and ETH has been removed from the portfolio ; Yuga Vice President: If this is the beginning of a bear market, ETH may fall to $200-400 ; Meteora and its former founder published an article disclosing the dark side of MELANIA and LIBRAs trading , and then claimed that X was stolen; Bybit CEO BEN responded to Stars clarification of the Bloomberg report: Cooperating with OKX to track hacker funds; GMGN Lianchuang responded to the previous rumors of poor management; CZ forwarded Kuai Dongs disclosure article on market maker We b 3 Port ; CZ: The Wall Street Journal report distorted the facts and did not discuss the Binance US transaction , but I am glad to see that WSJ believes he should be pardoned;
In terms of institutions, large companies and top projects, MGX invested $2 billion in Binance , setting a new record in the crypto industry ( Unveiling MGX ); Amber landed on Nasdaq; Grayscale launched the digital large-cap fund GDLC , focusing on large digital assets; Wang Xiaowei joined the board of directors of the Ethereum Foundation ( character introduction ); Solana SIMD-0228 proposal ( introduction ) failed , with 43.6% of votes in favor; Backed has now launched the tokenized Coinbase stock wbCOIN ( arbitrage opportunity introduction ); WLFI completed the token sale , with a total financing amount of US$550 million; Movement launched the public mainnet Beta version; Nillion opened the NIL token airdrop allocation query; Yescoin team dispute escalated into a criminal case; GoPlus and MyShell market maker accounts were banned by Binance ( interpretation );
Meme related, the owner of DOGE prototype Shiba Inu KABOSU announced that he has adopted a new dog Cocoro ;
In terms of security, Cosine: If you still use multi-signature wallets such as Safe, all signature steps must be verifiable and paired with a hardware wallet ; On March 11, X suffered a large-scale cyber attack ... Well, its another week of ups and downs.
Attached is a portal to the “Weekly Editor’s Picks” series.
See you next time~
