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

Having leisure but no money, what should I do?

This is a very practical question. In the context of this awful market, the most important consideration for making money is the 'cost issue'.

Of course, I mean economic cost. The PerpDEX and prediction markets that are all over Twitter aren't necessarily bad, but the key is that you can lose real money, and a counterattack can be overwhelming.

As for time cost and labor cost, those aren't issues; after all, what we poor guys lack the least is time.

/

Following this line of thought, today I will deconstruct PerleLabs.

This is an AI data training protocol that can be done for free, and this opportunity to leverage small gains is worth关注.

The project has secured $17.5 million in financing from pure-blood North American capital Framework and CoinFund, which is really a lot for an Infra project.

Of course, saying this is somewhat abstract, let's compare it with similar projects that have already issued tokens:

- Sahara raised $51.5 million and was listed on Binance and Coinbase.

- Sapien raised $15.5 million and was listed on Binance and Upbit.

- Grass raised $10.5 million and was listed on Binance Perp.

Just looking at the numbers, as a project with a purer background and higher financing, being listed on Binance Perp should be no problem.

/

As for how to leverage, this article doesn't want to elaborate.

On one hand, my frequency of posting is low. Making money through such technical means requires constantly adjusting strategies based on task changes, so there are inevitably oversights.

On the other hand, this article is just a seed; professional tutorials will be handled by more professional bloggers, and a search online will yield plenty.

If someone can achieve results because of my recommendation, that would be enough.

$BNB
@币安广场

Although the wait was a bit long, those who invested in Fight really profit

Just for the point of 'full refund of principal, tokens still given,' it completely outshines PPT projects like Trove Space by a long shot

Therefore, I am also reflecting on why I didn't invest in Fight back then? And if there is a next Fight, what qualities should it have?

/

First of all, a good investment project must not be short on funds; if the person behind it is poorer than their appearance suggests, how can you expect them to help you make money?

Taking Fight (@JoinFightID) as an example, backed by the giant UFC, which is the most popular sports event in the United States, with boss Dana White being one of the core business forces that helped Trump get elected

Secondly, a reliable project should be publicly raised on a reputable platform; if the platform itself is not well-known, how can it be expected for the project to succeed?

This time, Fight's choice of Holoworld can be seen as a mutual effort. Last year during the Dubai BBW, Holoworld and Fight held an event together, inviting Song Yadong, ranked fifth in the world and a long-time associate of Umeng, to attend

Finally, if a project is dragging its feet during the TGE phase, it is highly likely to encounter problems, although this is a retrospective observation that can only be compared through past projects on the platform

$FIGHT was very smooth during the TGE phase, successfully securing Coinbase and Binance Alpha, showcasing a strong background

In conclusion, while garbage scam projects vary, good projects should have common characteristics. We should find these commonalities for long-term profit

Since the opening, the token price trend has been quite strong, with some selling pressure existing, but the price still maintains around 0.025, which is about FDV 250m

Considering the presale valuation of 150m, the tokens given for free still have around 1.7x, truly a winning situation

Compared to the lack of money, the current market actually lacks good projects

After experiencing the Trove and Space rug incidents, it was initially thought that everyone would be cautious about projects that require funding, but from the Bitway Kaito Launch event, it seems that everyone’s enthusiasm is high again

As of the publication of this article, it has already exceeded fundraising by 126%. Of course, this is also due to Bitway's good fundamentals. This article will discuss

❚ Valuation Inversion and Game Space

The most intuitive attraction of this public offering lies in price protection, with a public FDV set at 80 million USD, which is actually lower than the previous institutional round valuation of 100 million USD

This inversion in the first-and-a-half market valuation provides participants with a basic safety cushion

The unlocking aspect is set to release 50% at TGE, with the remaining portion unlocking 3 months after TGE, which somewhat reduces the selling pressure at the opening

The upper limit on the fundraising scale is controlled at 2.4 million USD, accounting for only 3% of the total supply, which is relatively healthy

❚ Resource Intersection of BNB and TRON Systems

Apart from price factors, the resource structure is another core focus

The project has just completed a seed round financing of 4.444 million USD, incubated by YZi Labs, with investments from TRON and HTX Ventures

On the product side, Bitway has already entered the Binance Wallet Booster system, gaining wallet-level ecological exposure

Co-founder Shane Qiu was an early core member of Binance Labs

In fact, it is rare to simultaneously receive resource bias from both the BNB and TRX systems

❚ Product Positioning and Existing Data

Unlike purely pursuing high returns from single-point products, Bitway is positioned as a large capital entry point for the BNB Chain

The team’s CTO Dave has participated in privacy infrastructure startups, with support from institutions like a16z, thus emphasizing institutional-level risk control at the product level

Current on-chain data also confirms this:

- Bitway Earn has accumulated over 80,000 users

- Daily active users maintain in the range of 2000 to 4000

- There is a dedicated VIP service system for large clients, focusing on unified execution and fund management

This public offering in Kaito is more viewed as a realistic entry point for ordinary users to access this narrative of large funds and resources

In simple terms, it means the big brother eats meat, and we should be able to sip some soup

$BNB

Binance's favored child has heard enough; have you ever seen Binance's favored grandchild?

After a few days of not scrolling through Twitter, I found that Binance's layout in the prediction market has already been thoroughly analyzed by KOLs. My further discussion would merely be gilding the lily.

However, there is another track, with greater potential yet little attention; let's talk about it today.

Binance, or YZi Labs, can be summarized for its investments in the RWA track as follows:

- StableStock focuses on the tokenization of US stocks / ETFs.

- Plume / Canton covers a broader range of assets including government bonds and bills.

- Usual / Ethena focuses on USD stablecoins and synthetic dollars.

Among them, the star entrepreneur Zixi's StableStock is the most highly anticipated and has already formed a mature project with a commercial closed loop.

Considering that YZi Labs has only invested in this one project in the RWA stock track, calling it Binance's favored child is not an exaggeration.

Interestingly, StableStock recently announced its only external investment in HabitTrade.

HabitTrade is an Australian brokerage firm focused on bilateral financial integration, deeply engaged in real US stock trading, clearing, and compliance systems for a long time.

StableStock's bet on HabitTrade sends a very clear signal: financial assets on-chain must return to the real financial system itself.

From a legitimacy perspective, this is Binance's favored grandchild.

But what I really want to talk about today is not HabitTrade itself, but Stove Protocol.

This is the protocol layer infrastructure that HabitTrade actively split and open-sourced during its process of promoting the on-chain and standardization of stock assets. It is also a concentrated release of its years of real financial system capabilities on-chain.

A brief introduction to the special aspects of Stove Protocol:

- Stove Protocol is an open-source, zero-protocol fee stock tokenization infrastructure initiated by HabitTrade.

- It does not create synthetic assets but performs a 1:1 on-chain mapping of US stocks and ETFs, meaning that holders enjoy real economic rights, such as dividends and distributions, allowing on-chain funds to seamlessly allocate to high-dividend assets.

- The most crucial point is that Stove does not participate in pricing and does not charge tolls. It currently supports over 2000 assets, and any Builder can directly construct their products based on it, with no capital threshold.

The essence of stock on-chain should not be about recreating assets, but about integration.

StableStock is betting on the underlying standards for future asset on-chain, and this is the precondition for asset on-chain to scale.

$BNB

Recently, Alpha launched a relatively interesting coin, and the price has reached a reasonable position. Let's talk about it.

$ZTC

1/ Investment Background

- The project is supported by Watermelon Capital, DWF Labs, and Genesis Capital.

- The backgrounds of the investors include early Web3 infrastructure, market makers, and venture capital, indicating that the big players behind it have the ability to gather resources.

2/ Market Positioning

- Zenchain primarily addresses the issue of idle funds in the Bitcoin ecosystem, with many projects like Solv Goat having similar goals.

- Currently, approximately $500 billion in BTC is sitting in cold wallets or centralized exchanges.

- ZTC's goal is to convert this portion of idle funds into productive capital that can participate in DeFi while maintaining the security model of Bitcoin.

- According to an official announcement released 19 hours ago, before the mainnet launch, $50 million worth of BTC has already been invested in ZenChain.

3/ Technical Solution

- Unlike traditional cross-chain bridges that require deposit addresses, Zenchain uses Schnorr adapter signature technology.

- Cross-chain operations are compressed into a single Bitcoin transaction, relying on cryptographic commitments rather than multi-signature addresses.

- This architecture removes the dependency on middleware such as indexers and observers, reducing cross-chain latency by about 50% and preventing front-running and execution manipulation.

4/ Token Situation

- Similar to many infra coins that have recently launched on Alpha, it has extremely high control.

- It has already been listed on exchanges like Binance Alpha, Bitget, and Gate.

- Since January 13, ZTC has clearly stopped declining and stabilized, entering a range of sideways fluctuations, with a 44m FDV and 22m liquidity market cap, which is relatively undervalued for a strong whale coin.

- Apart from the portion obtained from airdrops that I haven't sold, I have also increased my holdings.

- The core reasoning for this strategy is that ZTC has evidently not completed its entire lifecycle on the market yet, and the price depth is insufficient to support the project’s liquidation.

- In this context, bottoming out and then driving up is the optimal solution.

At the end of the article, there is a lottery, don't miss out on 100u!

Previously, I played quite a few memes on BSC, especially USD1, and this time I'm paying attention again because of the news about activities on bnbchain.

Analyzing this meme, first of all, the timing of $BIGDON's emergence is quite clever; it is the first meme coin on BSC to capture the MAGA concept. Think about it, Trump's slogan has already transformed from a political catchphrase in the U.S. into a part of global meme culture.

On a deeper level, Binance needs to control compliant and secure stablecoins to seize a leading position in global payments.

USD1 comes from WLFI, those who understand know that it is not grabbing market share from BNB, but rather promoting BSC's prosperity and providing a stable balance.

What I am optimistic about is the ecological upgrade of BSC and USD1: compliant, stable, and full of vitality.

Currently, the market cap seems a bit high for the present market; if there is a pullback, it would be a good opportunity.

As a holder, contributing to the ecosystem, let's have users trading $BIGDON with Binance's non-custodial wallet share 100u! Be a chill man!

I have organized the final listing situation of the "Binance Wallet Booster" tokens.

As of now, the probability of these tokens being listed on Perp is 100%, and the probability of being listed on Spot is over 50%.

In other words, as long as a project is selected for the Binance Wallet Booster event, the subsequent listing on Perp is almost guaranteed.

Furthermore, the previous three saving-type projects, Zerobase / Mitosis / Treehouse, have all been listed on Spot.

Therefore, this issue's Bitway $BTW is very worth participating in, as it represents a high-certainty opportunity.

If you are willing to hold exposure, you can further leverage the possibility of subsequent listing on Spot by holding the tokens.

$BNB

When talking to outsiders about the story of 0xSun Wang Xiaoer, the responses often start with "Isn't it just..."

The following content is nothing more than speculation and luck, as if they would achieve the same success if they were in their place.

Similarly, when discussing a certain KOL earning millions a year with insiders, the feedback is generally the same.

Prejudice always exists, but if it cannot be used to one's advantage, it undoubtedly reflects a lack of practical ability.

A mentally healthy adult should be results-oriented; as long as it is not illegal or harmful to others, earning real money is far more substantial than mere verbal pretentiousness.

$BNB

I lost a Mercedes E300L Luxury Edition, and only then did I realize this matter

A group friend asked me why I would rather deposit money in OKX Pay to earn a 10% return, instead of participating in higher annualized yields in on-chain DeFi

The reason is simple, I’m just scared of being hacked

I remember it very clearly, on August 10 last year, the hacker stole all my on-chain funds, worth about five to six hundred thousand at the current price

Every time I recall it, it hurts a lot, so when it comes to safety, no matter how small the matter is, don’t wait until you’ve paid a huge tuition fee to wake up

/

But speaking of which, going too far in the opposite direction or being overly cautious is also not advisable; making good use of security tools, cautiously interacting with contracts, and gaining profits are what should be done

The tool that AgentLISA is working on is something I believe everyone should use deeply; I just regret not realizing this sooner

In simple terms

AgentLISA (@AgentLISA_ai) is a magical tool for detecting on-chain security. Before interacting with contracts or using wallets, check it to greatly reduce the risk of being hacked

Recommended to bookmark: agentlisa.ai/genesis

/

Why suddenly talk about this matter now?

Because tonight at 6 PM, AgentLISA will launch on Binance Alpha, and I am very pleased to see such a useful tool’s TGE

In order to fulfill the responsibilities of a 'deconstructor', I will briefly introduce the project information

- AgentLISA raised 12 million USD, backed by Red Dot China and United Overseas Bank of Singapore

- Product performance is based on research results from Nanyang Technological University, specifically addressing issues that traditional audits cannot cover

- The core team comes from Meta, Aptos, and CertiK, and I have tested the product; the technology is very secure

Information regarding the token is also very important

- Total token supply: 1 billion

- Initial circulation: about 21.62% (including Binance Alpha share)

- Institutional cost: about 0.08 U

- Valuation reference: If calculated at a pool price of 0.1 U, the circulating market value is about 21.6 million USD, FDV 100 million USD

- Chip structure: No other airdrop releases except Alpha, the opening chip structure is relatively concentrated

/

In summary

AgentLISA is a very useful security detection product, highly recommended for use. If participating in token trading, it’s important to remember that it is currently in a strong control state, so go with the flow

$LISA

In the Web3 landscape of 2025, whether it is the efficiency-seeking Hyperliquid or traditional giants like Fidelity and Goldman Sachs, they ultimately converge on Arbitrum (@arbitrum_cn)

On one hand, this is a victory for Arbitrum; on the other hand, the favor of large funds essentially declares that the landscape of Layer 2 has been determined.

/

Overall, the greatness of Arbitrum can be attributed to the following three points:

- Capital barrier: In 2025, the TVL reached $18 billion, establishing an absolute capital advantage.

- Technical ceiling: The Stylus upgrade broke the performance bottleneck of a single EVM.

- Ecological positioning: Arbitrum occupied an ecological high ground by binding Hyperliquid with institutions.

In other words, nowadays when people mention Arbitrum, what comes to mind is not Layer 2 but rather a public chain used for global settlement.

$ARB

Recently, while reviewing the data of the oracle track, I discovered a very confusing phenomenon:

There is an extreme misalignment between asset prices and product performance.

I am not sure if the market has not reacted yet, or if it is still using old valuation logic in this track. The current market value ladder is as follows:

- Chainlink LINK market value 9.5 billion / FDV 13.7 billion

- Pyth PYTH market value 370 million / FDV 650 million

- Switchboard $SWTCH market value 6.4 million / FDV 37.5 million

The market value of Switchboard is even less than 2% of Pyth's.

Usually, such a valuation gap indicates a comprehensive lag in technology or ecology, but after breaking down the actual business data, the situation is just the opposite.

1/ About the actual tests of delay and block rate

In DeFi, especially on high-frequency chains like Solana, speed is not just about experience; it is the basis of risk control.

- Pyth has an on-chain delay of about 1.8 seconds, with about a 30% probability of not being able to get on-chain in a timely manner without paying priority fees.

- Switchboard has a delay of only 3-4 milliseconds, thanks to the TEE architecture and Surge model, and even without paying priority fees, there is a 95% probability of completing the block in the next slot.

2/ Differences in architectural models

Most oracles on the market, including Chainlink and Pyth, still rely on consensus propagation or a permission-based approach, which limits scalability to some extent.

Switchboard follows the TEE, or Trusted Execution Environment route, which makes it the only millisecond-level oracle that can achieve "permissionless" operation.

Its newly launched on-chain subscription model allows anyone to directly pay for subscription data streams using tokens, without sales intervention or API approval.

This is the form that Web3 infrastructure should inherently possess.

3/ Business capacity

Although its market value is only over 6 million, it has already covered leading protocols such as Jito, Drift, and Kamino, protecting over 5 billion dollars of on-chain value.

/

On one side is a mainstream asset with a market value of 370 million but a delay of 1.8 seconds, and on the other side is a technical asset with a market value of 6.4 million but a delay of only 3 milliseconds.

This inversion of fundamentals and market value is very rare.

This may indicate that the pricing power in the oracle track is still in the hands of brand inertia rather than technology and efficiency.

However, if the market eventually returns to rationality, this asymmetry itself is worth paying attention to.

Moutai has first fallen below the guide price, essentially reflecting the liquidity depletion of 'Old Deng Culture'

The moat of baijiu is built on power at the dining table and compliance testing, which makes young people feel physiological disgust

Assets that young people are not taking over are essentially an unsustainable Ponzi scheme

Choosing a track is the same; avoid tracks crowded with Old Deng, as their time is running out

$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