Ki Young Ju, founder and CEO of CryptoQuant, wrote on X platform that cryptocurrency traders are like gamers, and Web3 projects are their game developers. Creating immersive experiences in Web3 is more about art than business, and for dopamine-driven individuals, making money is the ultimate game. Currently, meme coins dominate because most altcoins lack a strong fundamental narrative, but a stablecoin-driven Web3 ecosystem is emerging - this is a new genre for analytical investors, just as RPGs are different from FPSs. This future is already close, and those who are eager to delve into it and find alpha through on-chain data.
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CryptoQuant founder: Meme coins currently dominate because most altcoins lack fundamental narratives
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MN Trading founder: Still satisfied with the decision to invest in altcoins, focusing on long-term investment
Michaël van de Poppe, the founder of MN Trading, stated in a post on X that he is still satisfied with his decision to hold all altcoins. This topic has sparked a lot of criticism and feedback, which is good. Everyone has different strategies. I invest in these assets for the long term, and some have not yet yielded profits. My argument has not changed. -
Placeholder Partner: Narrow investor attitudes swing based on the performance of the tokens they hold. To avoid this problem, you need to go long on high-quality tokens
Placeholder partner Chris Burniske wrote in a post on X that "narrow-minded investors often behave fairly when their tokens perform well. Then, when their tokens perform relatively poorly, they remain silent or deal with it hastily...This situation is seen in every cycle. The key to avoiding this pathological situation is to go long on all high-quality tokens." -
China and Peru agreed to strengthen cooperation in the digital economy and other fields and promote the development of exponential technologies such as AI and blockchain
the joint statement between the People's Republic of China and the Republic of Peru on deepening their comprehensive strategic partnership states that both sides agree to strengthen cooperation in the fields of digital economy, technological innovation, digital transformation, technology personnel exchange, technology transfer, digital security, etc., and promote the development of exponential technologies such as artificial intelligence, robotics, the Internet of Things, blockchain, data analysis, nanotechnology, and telemedicine. -
Court agrees to suspend appeal in Trump's classified documents case
on the 16th local time, the United States Federal Appeals Court approved Special Prosecutor Smith's request to suspend the appeal of the case involving U.S. President-elect Trump's confidential documents. This is part of Smith's gradual end to the two cases against Trump, as the U.S. Department of Justice has long-standing policy of prohibiting criminal prosecution of a sitting president. Since Trump won the 2024 U.S. presidential election and will assume the presidency in January 2025, Smith said he requested a suspension of the appeal "so that the government has time to assess this unprecedented situation and determine the appropriate path in line with the Department of Justice's policy." -
Economist: ETH/BTC fell to a more than two-year low after the US election, and its performance was more brutal than expected
macroeconomist Lyn Alden stated in a post on X that "I have always been a polite long-term bearish on Ethereum, but the performance of ETH/BTC after the US presidential election is even more brutal than I expected. The new government, which is open to encrypted securities, won the election. ETH/BTC first rose and then fell, but set a new low after the good news arrived." TradingView data shows that on November 15th, less than two weeks after the election, the ETH/BTC exchange rate fell to its lowest level since March 2021 (0.033). -
Coinbase CEO: Department of Government Efficiency (DOGE) is a once-in-a-generation opportunity to increase economic freedom in the United States
Coinbase CEO Brian Armstrong wrote on X that the Department of Government Efficiency (DOGE) is a rare opportunity to increase economic freedom in the United States and restore the health of government scale. The expansion of democratic government has brought adverse effects (by promising more free things to win elections). We need a constitutional amendment to limit total government spending (such as 10%), or find a way to coordinate incentives (Buffett once proposed that an unbalanced budget would disqualify all congressional members who voted for it from being re-elected). -
DEXX wrote to hackers: If the funds are returned within 24 hours, a bug bounty will be provided, otherwise enforcement action will be taken with the police
DEXX, the on-chain trading terminal, released an open letter to hackers on X: We have received strong support from security agencies, partners, and trading platforms to find the stolen tokens. We have also monitored your address to freeze the stolen funds in a timely manner. We request that you resolve this issue within the next 24 hours, which will prevent us from taking any further action. -
Musk backs Lutnick against Bessant in Treasury race
Elon Musk stated on X that Bessent is a "business as usual" choice, and if Howard Lutnick is elected as the US Treasury Secretary, he will "truly drive change". Business as usual is leading to bankruptcy in the United States, so we need to make a change. (Sina Finance) -
Department of Government Efficiency (DOGE): US tax code must be simplified
official X account of the Efficiency Department (DOGE) of the government released a tweet: In 1955, the US tax law was less than 1.5 million words. Today, the number of words has exceeded 16 million. Due to this complexity, Americans spend a total of 6.5 billion hours preparing and filing taxes each year. This must be simplified. -
Chainlink Unveils Monumental Upgrade To Power Onchain Finance
In his recent SmartCon 2024 keynote, Sergey Nazarov explored how TradFi and DeFi are converging into a single unified Internet of Contracts through Chainlink. This post is based on his presentation.
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