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This Week in Review | Bitcoin Revisits $100,000 in March; Ethereum Mainnet Completes the Pectra Upgrade

2025-05-11 14:00
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BlockBeats will compile the key industry news of the week (5.5-5.11) in this article and recommend in-depth articles to help readers better understand the market and grasp industry trends.


Important News Review


This week, the crypto market saw a significant rebound: Bitcoin returned to $100,000 after 3 months; ETH broke through $2,400 with a one-day surge of over 20%

On May 8, Bitcoin returned to $100,000 after 3 months, marking the first time since early February. The total market value of cryptocurrencies rose to $3.22 trillion, with a 2% 24-hour increase. On the 9th, ETH surpassed $2,400 with a one-day surge of over 20%, outperforming the majority of altcoins. The last time a similar situation occurred was on January 3, 2021. Related reading: "Bitcoin Returns to $100,000 After 90 Days, Is the Bull Market Here?", "Ethereum Surges 22% in a Day, E Guards Stand Up"


This week, the Federal Reserve continued to hold interest rates steady; Powell: Believe there is no need to rush to adjust rates

On May 8, the Federal Reserve kept the benchmark interest rate unchanged at 4.25%-4.50%, in line with market expectations, maintaining a wait-and-see approach for the third consecutive meeting. Federal Reserve Chairman Powell stated that if there is a contradiction between dual goals, consideration should be given to the distance between the goals and the time to close the gap. He personally believes that there is no need for the Fed to rush to adjust rates, as the current policy is moderately restrictive. The potential inflation situation is good, and the cost of waiting is quite low. U.S. President Trump responded later in the day: Everyone except the Fed is cutting rates, and conversation with Fed Chairman Powell is like "playing the piano to a cow," Powell is always "too late." Related reading: "Powell Press Conference Full Text: Wait and See, Won't Rush to Cut Rates"


The UK and US Reach Agreement on Tariff Trade Deal Terms; Trump: 10% is the Tariff Bottom Line

On May 8, the UK and US reached an agreement on the terms of a tariff trade deal. The UK government agreed to make concessions on importing American food and agricultural products in exchange for the U.S. lowering tariffs on UK car exports. U.S. President Trump stated: I think the 10% tariff baseline has been set, and the 10% baseline for the UK is not a template for other countries—10% is a very low number, other countries (may) be higher.


GENIUS Stablecoin Bill Fails Senate Vote, Democrats Emphasize Need to Ban Trump Group from Crypto

On May 9, according to NBC, the U.S. Senate rejected the "Stablecoin Innovation and Safety Act" with a 48-49 vote. The bill aimed to establish the first U.S. regulatory framework for stablecoin issuers. This bill required 60 votes to proceed to a final Senate vote, and with Republicans currently holding a slim 53-47 majority, it fell short. Democrats sought to include explicit provisions to prohibit administration officials, including former President Trump and his family members, from holding or trading cryptocurrency and to strengthen anti-corruption measures. On the same day, U.S. Treasury Secretary Scott Bessent stated that the Senate's failure to advance the GENIUS Act was a missed opportunity to expand the U.S. dollar's dominance. The bill was originally intended to establish a unified federal regulatory framework for stablecoins and digital assets to replace the current state-level regulatory system. Bessent warned that if the U.S. fails to establish a leadership position in the digital asset space, related innovation activities may shift overseas. Read more: "U.S. Stablecoin Bill Rejected, Will Regulatory Cold Spell Impact Altseason Reboot?"


Binance Alpha to Launch Multiple Airdrop Events This Week and Implement Alpha Point Consumption Mechanism

Airdrop details are as follows:

· May 5: Alpha Points ≥137, or Points ≥99 and UID ending in 4, airdrop of 291 BOOP tokens.

· May 6: MYX Finance (MYX) TGE participation threshold: Points ≥142, or Points 99–141 and UID ending in 8.

· May 7: Points ≥142, or Points 64–141 and UID ending in 2, airdrop of 50 ZKJ tokens;
Points ≥153 or Points 116–152 and UID ending in 6, airdrop of 165 OBOL tokens.

· May 8: Points ≥150, or Points 66–149 and UID ending in 1, airdrop of 512 SXT tokens.

· May 9: Points ≥168, or Points 129–167 and UID ending in 3, airdrop of 9873 DOOD tokens.


Additionally, according to an official announcement, starting on May 13, 2025, Binance will introduce the Alpha Point Consumption Mechanism. Under this mechanism, when users successfully participate in Token Generation Events (TGEs) or receive airdrops, a certain number of Alpha Points will be deducted from their account.


Coinbase Announces Acquisition of Cryptocurrency Options Platform Deribit

On May 8, Coinbase officially confirmed the acquisition of the cryptocurrency options platform Deribit to streamline spot, futures, and options trading. The acquisition price is approximately $2.9 billion, including $700 million in cash and 11 million shares of Coinbase Class A common stock, with the specific transaction price to be adjusted as customary. "Through Deribit, Coinbase becomes the world's largest platform in the global crypto derivatives field in terms of open interest and options trading volume. Deribit brings about $30 billion in open interest and over $1 trillion in trading volume, consolidating Coinbase's position as a global leader in the crypto market." Related Read: "Coinbase Profits from $2.9 Billion Acquisition of Deribit"


Ethereum Mainnet Officially Activates Pectra Upgrade

On May 7, the Ethereum mainnet activated the Pectra upgrade at Epoch 364032 as scheduled. The Ethereum Pectra upgrade is another significant hard fork following the 2022 Merge and 2024 Dencun upgrades, incorporating improvements in the execution layer (Prague) and consensus layer (Electra) to enhance network scalability, security, efficiency, and user experience. The main goals include simplifying wallet operations through account abstraction to reduce transaction complexity, optimizing the validator mechanism to increase staking flexibility and reduce network overhead, enhancing L2 scalability by increasing blob capacity and lowering L2 transaction costs, and strengthening security by introducing new encryption tools and communication frameworks. Related Reads: "In-Depth Analysis of the Ethereum Pectra Upgrade: Long-term Technological Leap Forward, Short-term Pressure on ETH Price", "ETH Rebound Imminent? Can the Ethereum Pectra Upgrade Restart Market Confidence"


Zerebro Co-founder Jeffy Yu Caught in "Fake Death" Controversy: Issues Meme After "Death"; Found by Reporter Hiding at Parents' Home

On May 6, according to an obituary posted on the Legacy website, Zerebro co-founder Jeffy Yu passed away in May 2025 at the age of 22. With increasing attention, the associated meme token LLJEFFY saw a massive surge in market value, briefly surpassing $30 million. However, on the evening of the 6th, several Key Opinion Leaders (KOL) posted messages exposing the situation and shared a screenshot of a letter Jeffy Yu had sent to an early investor. In the letter, he mentioned that in order to escape long-standing harassment and threats, and to try to prevent the collapse of his project tokens ZEREBRO and OPAIUM, he decided to "fake his own death" to get away. Additionally, after Jeffy Yu's "death," it appears that his associated address still sold 35.55 million ZEREBRO tokens. On the 9th, according to foreign reports, Zerebro co-founder Jeffy Yu is currently living with his parents. Related reads: "22-Year-Old $800 Million AI Project Founder Commits Suicide, Leaving Behind a New Experiment?", "Timeline | 22-Year-Old Zerebro Co-Founder's 'Death' Mystery: 'Posthumously' Issuing Coins in Memory of Himself, Associated Address Continues to Sell Tokens"


Futu Securities International (Hong Kong) Launches Bitcoin, Ethereum, USDT Deposit Services

On May 7, Futu Securities International (Hong Kong) Limited announced the official launch of Bitcoin, Ethereum, and USDT deposit services. Qualified investors can complete deposits and trade cryptocurrencies via the one-stop trading platform Futu NiuNiu, supporting investments in traditional financial assets, including stocks in Hong Kong, the U.S., and Japan, options, ETFs, funds, bonds, and other diverse assets, allowing for quick conversion between virtual and traditional asset markets.


New Hampshire Passes Strategic Bitcoin Reserve Bill, Authorizing State Officials to Purchase Bitcoin, Allowing for Bitcoin Holdings up to 5% of State General Funds

On May 7, the Governor of New Hampshire signed HB 302, making New Hampshire the first state in the U.S. to adopt a "Live Free or Die" state currency policy framework directly based on the Satoshi Action Strategic Bitcoin Reserve (SBR) Model Act. The main points of the HB 302 bill include: allowing state funds to purchase Bitcoin and top-tier digital assets; capping holdings at 5% of state general funds; mandating U.S. regulatory custody, with assets to be held in multi-signature wallets controlled by the state or through U.S.-listed exchange-traded products; to take effect 60 days after passage. Related read: "After the King's Signature, Which U.S. States are 'Obediently' Advancing Bitcoin Strategic Reserve Bills?"


Arizona Passes Crypto Reserve Bill Allowing Seizure of “Long-term Dormant” Crypto Assets

On May 8, Arizona, USA, officially signed the HB 2749 bill, establishing the first crypto reserve for the state. The bill does not allow for investment but will move unclaimed assets, airdrops, and staking rewards into the reserve. This shows the governor's willingness to push for crypto-friendly legislation. According to an official press release, the bill also includes the following: If a rightful owner fails to respond to communication within three years, the digital asset is presumed abandoned. Once a digital asset is deemed abandoned, the holder must submit the digital asset to the tax department in its original form. Qualified custodians in the state are authorized to stake these assets to earn rewards or receive airdrops. Any staking rewards or airdropped assets will be deposited into a new Bitcoin and Digital Asset Reserve Fund, managed by the State Treasurer and subject to legislative appropriation limits.


Coinbase Q1 Earnings Report: Decreased Trading Volume Leads to Lower Revenue and Profit Than Expected

On May 9, the US cryptocurrency exchange platform Coinbase released its first-quarter earnings report, with both revenue and profit falling below market expectations due to a decrease in trading activity from the peak after the "election rally" in the previous quarter. For the first quarter ending on March 31, the company's adjusted net income was $527 million. Earnings per share were $0.24, significantly lower than the market's general expectation of $1.93. The total revenue of $20 billion was slightly below the expected $21.2 billion, down from $23 billion in the fourth quarter of 2024. Coinbase's stock price fell 2.5% to $201 in after-hours trading. The stock is down about 19% year-to-date in 2025 and about 2% over the past year. Related reading: "Coinbase Hit Hard by Unrealized Portfolio Losses: Q1 Net Profit Down 94%, Can $2.9 Billion Deribit Acquisition Break the Deadlock?"


CZ Talks About Prison Experience: Imprisonment Brought Fear and Pressure, Will Publish New Book on Prison Life

On May 6, Binance founder CZ openly discussed his four-month prison experience in the United States in an interview, describing it as "extremely difficult" and "frightening," stating that he "wouldn't wish anyone to go through such a thing." However, this experience also made him realize the importance of health and family. He recalled that when he first entered prison, facing heavily tattooed, noisy inmates, he felt intense unease and fear. His cellmate had been sentenced to 30 years for double murder, but the two got along relatively well. Due to his non-US citizenship, he could not enter the minimum-security prison. Despite being the founder of Binance and a billionaire, his fellow inmates did not treat him differently. CZ mentioned that many cellmates were very friendly, and he still keeps in touch with a few of them to this day. Related reading: "Conversation with CZ: Once Grouped with FTX and 10 Other Exchange Founders, Regulators Suspect 'Market Manipulation'"


CZ Submits Pardon Request to Trump Administration

On May 8, CZ stated in a Tuesday podcast interview that he had formally submitted a pardon request to the Trump administration through his lawyers two weeks prior. CZ emphasized that he made the pardon request only after the relevant reports came out. In March of this year, The Wall Street Journal reported that representatives of U.S. President Trump had negotiated an investment in the cryptocurrency exchange platform Binance.US, potentially involving the Trump family holding a stake or transacting through World Liberty Financial. It was mentioned that CZ had been seeking a pardon from the Trump administration.


Yua Mikami Official Meme Coin MIKAMI Launched This Thursday, Plunges Over 87% from Day's High

On May 8, Yua Mikami's official Meme coin MIKAMI was officially launched, experiencing a 87.21% drop from the day's high within about 6 hours of trading. It is reported that the Mikami tokenomics consist of a total supply of 69 million tokens, allocated as follows: Initial sale 20%; Liquidity 15%; Community 10%; Marketing 5%; Yua Mikami herself 50% (locked until 2069). Related article: "Yua Mikami's $Mikami Coin Plunges 85% on Listing, Are Fans' Tuition Fees Worth It?"


Trump to Attend 'Crypto and AI Innovators' Dinner, Single Ticket Price Set at $1.5 Million

On May 6, CNBC reported that Trump has scheduled two cryptocurrency-themed dinners this month—one aimed at wealthy political donors and another targeting "Meme coin" millionaires. The first dinner is set for Monday with a fundraising amount of $1.5 million per person, making it one of the most expensive political fundraising events recently. The second dinner will be held on May 22, where participants will have the opportunity to interact with Trump's inner circle. However, participation is not through cash donations but by holding TRUMP tokens. Related articles: "Trump Returns to White House After Raising Hundreds of Millions in Days? Senate Is Investigating…" and "WSJ: Democrats Target Trump's Crypto Empire"


The People's Bank of China Announces Interest Rate and RRR Cut; PBOC Lowers Re-lending Rate by 0.25 Percentage Points

On May 7, Pan Gongsheng, Governor of the People's Bank of China, announced at a State Council Information Office press conference that the reserve requirement ratio (RRR) would be cut by 0.5 percentage points, providing about 1 trillion yuan of long-term liquidity to the market. Additionally, the policy interest rate was reduced by 0.1 percentage points. On the same day, the People's Bank of China decided to lower the re-lending rate by 0.25 percentage points starting from May 7, 2025. Following the adjustment, the re-lending rates for 3-month, 6-month, and 1-year loans for agriculture-related and small business support are 1.2%, 1.4%, and 1.5%, respectively, the collateralized supplementary loan rate is 2.0%, and the special structural monetary policy tool rate is 1.5%.


Due to Alleged Improper Market Making Agreement Leading to the Sale of 66 Million Tokens, Movement Labs Removes Co-founder Rushi Manche from Position

On May 7, according to official sources, Movement Labs has removed co-founder Rushi Manche from his position, and the project will be carried forward by a new leadership team. Details regarding the leadership change and the new governance structure will be announced soon. BlockBeats previously reported that on April 30, according to CoinDesk, an earlier market making agreement signed by Movement Labs resulted in an obscure intermediary named Rentech gaining control of 66 million MOVE tokens, leading to a $38 million token sale the day after the Token Generation Event (TGE), prompting Binance to promptly freeze related accounts. Related reading: "Uncovering the Movement Market Maker Sell-off Scandal: Secret Contracts, Shadow Advisors, and Hidden Intermediaries"


This Week's Hot Meme: Influenced by Multiple Elon Musk Interactions, GORK's Market Cap Briefly Surpasses $100 Million

In the last few days, Musk has interacted multiple times with grok, changing his name and avatar, leading to a continued surge in the namesake meme coin, reaching a peak market cap exceeding $100 million. On May 5, possibly due to Musk changing his Twitter avatar to an X, the Solana-based meme coin gork briefly rose over 107% before retracing, with its market cap peaking at $100 million. Related reading: "Meme Frenzy on Labor Day Holiday, How Did GORK Get Elon Musk to Change His Avatar? | 100x Retrospective"


CoinGecko Report: Over 50% of Cryptocurrency Projects Have Failed, Over 1.8 Million Projects Failed in Q1 This Year

On May 6, the latest research report from CoinGecko revealed that out of nearly 7 million cryptocurrency projects registered since 2021, 3.6 million projects have ceased trading, resulting in a failure rate of 52.7%. The first quarter of 2025 saw the most dismal performance, with 1.8 million projects failing in a single quarter, accounting for 49.7% of the total historical failures. The analysis pointed out that the token creation platform pump.fun, launched in 2024, lowered the barrier to token issuance, leading to an influx of low-quality projects into the market. Especially after the inauguration of Trump in January 2025, the crypto market turbulence intensified, further accelerating project attrition. In comparison, the total number of project failures during 2021-2023 accounted for only 12.6% of the failures in the past five years.


Celsius Founder Sentenced to 12 Years in Prison for Crypto Fraud, Assets Worth $48 Million and Multiple Properties Seized

On May 9, according to Coindesk, Celsius founder Alex Mashinsky was sentenced to 12 years in prison for crypto fraud. He was sentenced to 120 months and 144 months for the two charges he was involved in, to be served concurrently for 144 months. Alex Mashinsky agreed to forfeit $48 million in assets and multiple properties. Before Celsius collapsed in 2022, Alex Mashinsky repeatedly lied to investors about the security of customer deposits. The prosecution pointed out that he falsely claimed that the platform had regulatory approval, staunchly denied issuing uncollateralized loans (which was actually the case), and profited illegally by manipulating the price of the CEL token—his illicit gains related to CEL alone exceeded $48 million. Alex Mashinsky's negligence and self-serving behavior directly led to the bankruptcy of Celsius, leaving a huge hole of $1.2 billion (approximately $7 billion at current prices) on the company's books.


Overview of Major Funding Projects This Week: Dinari, Cursor Developer, Sentora, Doppel, NewLimit, Fuze, Sonic Labs, T-Rex

May 1: Blockchain financial company Dinari announced the completion of a $12.7 million Series A funding round. This round was led by Hack VC and Blockchange Ventures, with VanEck Ventures, F-Prime, and Avalanche Fund participating. The company's total funding has now reached $22.65 million.


May 6:

-AI-driven code editor Cursor developer Anysphere Inc. has completed a $900 million funding round at a $9 billion valuation, led by Thrive Capital, with participation from a16z, Accel, and other institutions. Cryptocurrency exchange FTX was an early investor in Cursor, but following FTX's bankruptcy liquidation, its liquidation team sold its Cursor holdings for $200,000. Related article: "The AI world has two 'Effective Altruism Sam's, one basking in the industry spotlight, the other selling unicorn shanks in prison"

-IntoTheBlock and Trident Digital have announced a merger to form a new company, Sentora, led by Trident co-founder and former Coinbase Head of Risk Strategy Anthony DeMartino. Additionally, Sentora has raised $25 million in new funding, with New Form Capital leading the round, and participation from Ripple, Tribe Capital, UDHC, and Joint Effects.

-AI-driven social engineering defense platform Doppel has announced the completion of a $35 million Series B funding round, led by Bessemer Venture Partners.

-Anti-aging company NewLimit, founded by Coinbase CEO Brian Armstrong, has announced the completion of a $130 million Series B funding round, led by Kleiner Perkins.


On May 7, Middle Eastern digital asset startup Fuze completed a $12.2 million Series A funding round, co-led by Galaxy and e& capital. On the 8th, Sonic Labs announced the completion of a $10 million strategic funding round in $S, led by digital asset and data center infrastructure giant Galaxy. On the 9th, Web3 consumer entertainment protocol T-Rex completed a $17 million Pre-Seed funding round.


This Week's Top Articles


"3 Near-Miss Shots, Surges to Top of Kaito Chinese Area Rankings in 24 Hours"

Through on-chain analysis, the ByteBeat team found that even tweets with shallow or tangential content could quickly skyrocket to the top of Kaito's leaderboard, sparking questions about the platform's AI content rating mechanism. The InfoFi model advocated by Kaito aims to incentivize quality content through Yap points, reshape the information dissemination in the cryptocurrency industry, shift marketing from mere promotion to active engagement, and provide an opportunity for mid-level KOLs to rise. However, the experiment revealed that the algorithm may still overly rely on surface-level data, making it challenging to thoroughly identify content quality. The actual effects of the Yap model also exposed issues such as the Matthew Effect, platform reliance risks, and token incentive sustainability, necessitating a balance between incentive mechanisms and technical costs.


"The Escalating Anti-Fur and the Smart Fur-Brushers Still Making Five-Figure Incomes Monthly?"

As traditional fur-brushing paths gradually dry up, airdrop mechanisms become more opaque, and numerous studios are eliminated, astute practitioners are shifting their focus to liquidity overflow opportunities on trading platforms. They are seeking new avenues through IDO participation, transaction task arbitrage, platform event rewards, among other methods. Simultaneously, some players are returning to Hong Kong stock IPOs or engaging in "water selling" and infrastructure services, surviving the upheaval through more stable means such as providing servers, IPs, and selling test coins. This reflects the core rule of the new cycle: Only those who can rapidly adapt and strategically transform can sustain profits in the cryptocurrency world.


"The Saga of dingaling and Binance's CZ"

The public conflict between CZ and dingaling has unveiled an unresolved old grudge among the upper echelons of the crypto community: boop.fun was initially supported by Binance Alpha but was soon publicly denounced by CZ, accusing it of being a former employee dismissed for insider trading. Reviewing dingaling's identity, from an NFT whale to a presumed founder of PancakeSwap and LooksRare, and further to an FTX affiliate shareholder and Binance executive, his career is enigmatic. CZ's motives could stem from compliance concerns or personal vendettas, while dingaling's lack of retaliation appears more like a silent counterstrike in the face of commercial realities — maintaining a delicate balance between the project and the platform. Behind the event lies a reflection of the crypto world as both a profit-driven arena and a realm of hidden grievances.


"Following Taproot, Bitcoin's Most Significant Upgrade in 4 Years"

Bitcoin Core developers have decided to remove the length and quantity limits on OP_RETURN, sparking community debate. Supporters believe that this move can make on-chain data writing more transparent and clean, in line with Bitcoin's "simple transparency" spirit; opponents, however, are concerned that it will exacerbate the proliferation of spam transactions, turning Bitcoin into a data storage platform or even a "shitcoin." This change has not only caused significant technical controversy but has also become a deep-seated game about Bitcoin's future role and consensus direction.


"Coinbase Earns $2.9 Billion from Deribit Acquisition"

Coinbase has acquired the leading cryptocurrency options platform Deribit for $2.9 billion, marking its formal entry into the global cryptocurrency derivatives field. This move will not only fill the options product line but also significantly enhance countercyclical profitability. The strategic timing closely follows the weakening Q1 financial report expectations, aiming to hedge the risk of declining spot trading with stable options income; meanwhile, leveraging Deribit's licensed advantage in Dubai to pave the way for future expansion in the U.S. options market. The market generally views this acquisition as a key step in reshaping the global cryptocurrency derivatives landscape, optimistic about its impact on Coinbase's profitability and market share.


"The AI World Has Two 'Effective Altruism Sams': One Enjoys the Spotlight in the Industry, While the Other Sells Unicorn Horns in Prison"

SBF, once widely known as an "effective altruist," laid out a broad layout in the AI and crypto fields, from funding cutting-edge research to betting on public chains like Solana and Sui, displaying a highly visionary investment perspective. However, the passive liquidation after the FTX collapse resulted in all these potential "unicorn" projects being sold at low prices, missing out on billions of dollars in returns, reflecting the significant tension between ideals and reality, and long-termism and risk control.


"Trump Returns to White House to Make Hundreds of Millions? The Senate Is Investigating..."

Trump, deeply involved in the cryptocurrency market as a former president, saw his meme coin $TRUMP and related companies earn hundreds of millions of dollars in a short period, triggering moral controversies and a Senate investigation; although the White House insists that his assets are managed by family members with no conflict of interest, there are doubts from the outside world. Questions about his monetization of the presidential status through digital currencies, stablecoins, branded merchandise, and cooperation with foreign investors, breaking the traditional bottom line of avoiding profiting among former presidents, creating a "pay-to-play presidential circle" power trading ecosystem.


"In-Depth Analysis of Ethereum's Pectra Upgrade: Long-Term Technological Leap and Short-Term Pressure on ETH Price"

Ethereum's Pectra upgrade includes 11 EIPs aimed at improving network scalability, reducing costs, and enhancing user experience. Key improvements include smart wallet upgrades, Rollup optimizations, and enhanced staking functionality. These changes will drive Ethereum's long-term development but may exert pressure on ETH price in the short term due to increased network efficiency, ETH burning, and reduced fees. Overall, Pectra represents a significant technological advancement that strengthens Ethereum's competitiveness.


"Bloomberg: Americans Can't Buy TRUMP, Regulatory Questions Who Can Attend the Banquet?"

Trump-backed TRUMP token has sparked major controversy, with over half of whales using overseas exchanges to trade, potentially circumventing restrictions on U.S. users. To attract buyers, the team used dining with Trump as bait for promotion, raising concerns at the moral and legal levels. Bloomberg's analysis also indicates that Justin Sun and his associates are suspected to be deeply involved, once again highlighting the Trump family's positioning and potential interests in the cryptocurrency field.


"Unveiling the Crazy Truth Behind the ADL Mechanism, Don't Let Exchanges Easily Take Your Money Away"

This article explains the Automatic Deleveraging (ADL) mechanism in the cryptocurrency market, particularly using the example of $MANEKI to illustrate how ADL compensates for losses by forcibly liquidating profitable clients' positions in cases of insufficient market liquidation. The article notes that the execution of ADL is shrouded in opacity, with issues such as price discrepancies and delayed execution. The author emphasizes the importance of understanding liquidation and the ADL mechanism for a deeper comprehension of the crypto market and encourages readers to provide feedback to improve explanations.


"From Virtuals to FARTCOIN, How to Position in the Next DeAI Wave?"

This article discusses the market dynamics of AI tokens, particularly the performance of tokens such as $AVA, $FARTCOIN, and $PROMPT. The author mentions that the AI token market remains full of uncertainties with high investment risks. Nevertheless, developers and market participants are still driving innovation, with Coinbase potentially set to list some leading AI tokens. Virtuals and Genesis launches are receiving widespread attention as significant developments.


"Geopolitics and the Era of CeDeFi: Reexamining the Opportunity Amid Global Liquidity Fracture"


"From Satoshi Nakamoto to SBF: Who Is Stealing the Soul of the Crypto World?"


"From Deterministic Optimism to Deterministic Pessimism: The Real Opportunity Lies Behind Disillusionment"

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