Steven_Research
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VITALIK'S EFFORT - SIMPLIFYING LAYER1
This is perhaps one of the most interesting things I've read recently, as the market is too quiet and Ethereum's old efforts have almost hit a dead end.
- Previously due to overwhelming, cumbersome, and expensive issues,
positioned itself as the center of the foundational layer, and handed over the scaling to Layer 2s, with the operating mechanism being that Layer 2s aggregate transactions and execute them on the base layer,
, which helps reduce transaction fees by 99% and significantly increases speed.
- Previously due to overwhelming, cumbersome, and expensive issues,
positioned itself as the center of the foundational layer, and handed over the scaling to Layer 2s, with the operating mechanism being that Layer 2s aggregate transactions and execute them on the base layer,
, which helps reduce transaction fees by 99% and significantly increases speed.
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PROJECTS ON BINANCE WALLET - WHICH ONE TO CHOOSE?
@Binance Wallet has organized 14 TGE events, with 5 projects listed on Spot, while the rest are trading on DEX or Binance Alpha.
The projects belong to various categories such as DeFi, Infrastructure, AI/Blockchain, Interoperability, and GameFi/SocialFi, showcasing the diversity in the Binance ecosystem.
$OKZOO is the project with the highest ROI (79.62x) and ATH ROI 80x.
- Among these 14 projects, 6 projects are invested by yzilabs, of which 3 projects have been listed on Binance spot.
- I have also made quite a bit from many projects on this list, like OKZOO which I sold after x3, or some other projects,... but with small volume so just having fun guys.
- Personally, I am still holding only the $KILO project, the smallest Mcap <10M$, a project working on Perp Dex that Binance quite likes, invested by Yzi Labs, the project handled the hack incident last month well and recovered all the funds, not yet listed on Binance spot.
- What projects are you holding? Share with me please.
#steven_research
@Binance Wallet has organized 14 TGE events, with 5 projects listed on Spot, while the rest are trading on DEX or Binance Alpha.
The projects belong to various categories such as DeFi, Infrastructure, AI/Blockchain, Interoperability, and GameFi/SocialFi, showcasing the diversity in the Binance ecosystem.
$OKZOO is the project with the highest ROI (79.62x) and ATH ROI 80x.
- Among these 14 projects, 6 projects are invested by yzilabs, of which 3 projects have been listed on Binance spot.
- I have also made quite a bit from many projects on this list, like OKZOO which I sold after x3, or some other projects,... but with small volume so just having fun guys.
- Personally, I am still holding only the $KILO project, the smallest Mcap <10M$, a project working on Perp Dex that Binance quite likes, invested by Yzi Labs, the project handled the hack incident last month well and recovered all the funds, not yet listed on Binance spot.
- What projects are you holding? Share with me please.
#steven_research
Saetbyol:
Ôm thì được đó nhưng ông đợi đc tới khi nó bơm koh đa số toàn về test đáy koh đó
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Vietnam ranks in the top 5 countries using cryptocurrency
According to the 2024 Global Crypto Adoption Index published by Chainalysis, the Central and South Asia and Oceania (CSAO) region dominates the rankings with 7 out of the top 20 countries.
- Specifically in Vietnam, according to a report by Chainalysis, as of July 2023, cryptocurrency assets in Vietnam amounted to 120 billion USD, approximately 3 - 4 times the amount of foreign direct investment in Vietnam and increased by 20% compared to the period 2021 - 2022 (around 100 billion USD).
- However, due to the lack of specific legal frameworks for cryptocurrency assets, tax revenue on this 120 billion USD is being lost, flowing out of Vietnam. (this figure is currently even larger)
- Vietnam was once in the top 3 in this ranking in 2023, but by 2024 it has dropped to the top 5
- As a country with an extremely high cryptocurrency adoption rate (nearly 20% compared to the world average of 8.7%).
=> Vietnam is likely to soon have a regulatory framework to both prevent tax loss and develop this sector, bringing many benefits to the country and its people
#steven_research
According to the 2024 Global Crypto Adoption Index published by Chainalysis, the Central and South Asia and Oceania (CSAO) region dominates the rankings with 7 out of the top 20 countries.
- Specifically in Vietnam, according to a report by Chainalysis, as of July 2023, cryptocurrency assets in Vietnam amounted to 120 billion USD, approximately 3 - 4 times the amount of foreign direct investment in Vietnam and increased by 20% compared to the period 2021 - 2022 (around 100 billion USD).
- However, due to the lack of specific legal frameworks for cryptocurrency assets, tax revenue on this 120 billion USD is being lost, flowing out of Vietnam. (this figure is currently even larger)
- Vietnam was once in the top 3 in this ranking in 2023, but by 2024 it has dropped to the top 5
- As a country with an extremely high cryptocurrency adoption rate (nearly 20% compared to the world average of 8.7%).
=> Vietnam is likely to soon have a regulatory framework to both prevent tax loss and develop this sector, bringing many benefits to the country and its people
#steven_research
Ku Tí chăn dê:
chứng tỏ tiền trong dân rất nhiều.kkk
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HOT SECTORS BEING INVESTED IN Q1/2025
*Investment capital from Crypto VCs reached 4.8 billion dollars in the first quarter of 2025, the highest since Q3 2022
*The investment trend is clearly shifting away from old narratives like memecoins or pure DeFi. The three segments leading are AI, DePIN, and RWA – with a common point being clear real-world applications, strong infrastructure, and access to users outside the native crypto market.
*Data from CryptoRank shows the sectors attracting the largest capital this quarter include:
- #AI: Mahojin, Olas, Privasea, Pluralis Research, Prime Intellect.
- #DePIN: DoubleZero, Beamable, Geodnet, NodeGo, BitRobot.
- #DeFi: Ethena, Solv Protocol, August, Infrared, Plasma.
- #RWA: Manifest Finance, Chronicle, Mavryk Network, Teneo Protocol, Uranium Digital.
- #CeFi: Mesh, Bitwise, Rain, Figure, #Binance .
- #Services: Privy, Dfns, D3, Phantom, Raise.
=> It seems that traditional venture capital funds are targeting solutions that can scale to the real world, rather than just "farming money" internally within the industry.
#steven_research
*Investment capital from Crypto VCs reached 4.8 billion dollars in the first quarter of 2025, the highest since Q3 2022
*The investment trend is clearly shifting away from old narratives like memecoins or pure DeFi. The three segments leading are AI, DePIN, and RWA – with a common point being clear real-world applications, strong infrastructure, and access to users outside the native crypto market.
*Data from CryptoRank shows the sectors attracting the largest capital this quarter include:
- #AI: Mahojin, Olas, Privasea, Pluralis Research, Prime Intellect.
- #DePIN: DoubleZero, Beamable, Geodnet, NodeGo, BitRobot.
- #DeFi: Ethena, Solv Protocol, August, Infrared, Plasma.
- #RWA: Manifest Finance, Chronicle, Mavryk Network, Teneo Protocol, Uranium Digital.
- #CeFi: Mesh, Bitwise, Rain, Figure, #Binance .
- #Services: Privy, Dfns, D3, Phantom, Raise.
=> It seems that traditional venture capital funds are targeting solutions that can scale to the real world, rather than just "farming money" internally within the industry.
#steven_research
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BTC Balance on Exchanges: lowest since 2018! An important signal for a new cycle of Bitcoin.
1/ According to Glassnode, the Bitcoin balance ($BTC ) on all exchanges has dropped to its lowest level since the end of 2018.
-The amount of BTC "ready to sell" in the market is rapidly dwindling.
2/ The end of 2018 was also the bottom of the previous down cycle.
-From this low point, Bitcoin began a bull run lasting 3 years.
-History does not repeat itself exactly, but can often be referenced.
3/ Why is the decrease in BTC balance on exchanges important?
-BTC withdrawn from exchanges ➔ reduced likelihood of being sold.
-Holders choosing to self-custody ➔ increased long-term confidence.
-When demand increases while supply dwindles ➔ upward price pressure.
4/ The years 2024-2025 will bring new variables:
-Smooth operation of spot Bitcoin ETFs.
-Large financial institutions racing to accumulate BTC.
-Twenty One, MicroStrategy,… continuously stocking up.
-The "liquid" supply is increasingly being withdrawn from the system.
5/ Conclusion:
-The BTC balance on exchanges is telling a quiet but extremely powerful story:
-Scarcity is being built right now.
-Just waiting for one more major catalyst, the market could enter a phase of vertical growth.
6/ Anyone still expecting BTC to "dump deep" should reconsider.
-Because supply shock is unpredictable - it only manifests through subsequent price action.
Follow @Steven_Research for daily updates on the best insights about Crypto and Macroeconomics. 🚀
#steven_research
1/ According to Glassnode, the Bitcoin balance ($BTC ) on all exchanges has dropped to its lowest level since the end of 2018.
-The amount of BTC "ready to sell" in the market is rapidly dwindling.
2/ The end of 2018 was also the bottom of the previous down cycle.
-From this low point, Bitcoin began a bull run lasting 3 years.
-History does not repeat itself exactly, but can often be referenced.
3/ Why is the decrease in BTC balance on exchanges important?
-BTC withdrawn from exchanges ➔ reduced likelihood of being sold.
-Holders choosing to self-custody ➔ increased long-term confidence.
-When demand increases while supply dwindles ➔ upward price pressure.
4/ The years 2024-2025 will bring new variables:
-Smooth operation of spot Bitcoin ETFs.
-Large financial institutions racing to accumulate BTC.
-Twenty One, MicroStrategy,… continuously stocking up.
-The "liquid" supply is increasingly being withdrawn from the system.
5/ Conclusion:
-The BTC balance on exchanges is telling a quiet but extremely powerful story:
-Scarcity is being built right now.
-Just waiting for one more major catalyst, the market could enter a phase of vertical growth.
6/ Anyone still expecting BTC to "dump deep" should reconsider.
-Because supply shock is unpredictable - it only manifests through subsequent price action.
Follow @Steven_Research for daily updates on the best insights about Crypto and Macroeconomics. 🚀
#steven_research
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Binance Wallet event TGE 12th edition with $OKZOO - Alpha Points
Use Binance Alpha Points to determine participation conditions. (Detailed instructions below)
*Event details:
- Participation time: 8:00 AM UTC - 10:00 AM UTC on April 25, 2025.
- Time in Vietnam (UTC+7): 3:00 PM - 5:00 PM on April 25, 2025.
- Total TGE sale capital: $100,000 in $BNB
- Number of tokens: 20,000,000 (2% of the total supply), max each user can commit 3 BNB
* Participation conditions: Users must have at least 45 Binance Alpha Points.
- How to check Alpha points: Go to Binance exchange, search for 'Alpha points' and then click as shown in the image
- As shown in the image, I have 46 points, just enough according to this condition
*How to calculate Alpha Points
- Binance Alpha Points are calculated daily based on two factors, accumulated over the past 15 days:
- Balance Points: Based on the total assets in the Binance Exchange account and Binance Keyless Wallet (including Alpha tokens):
$100 - < $1,000: 1 point/day.
$1,000 - < $10,000: 2 points/day.
$10,000 - < $100,000: 3 points/day.
≥ $100,000: 4 points/day.
- Volume Points: Based on the volume of purchasing Alpha tokens through Binance Exchange and Binance Keyless Wallet:
$2: 1 point.
$4: 2 points.
$8: 3 points.
$16: 4 points.
$32: 5 points.
- For each time the purchase volume doubles, add 1 point (for example:
$64 = 6 points,
$128 = 7 points…).
*Total points = Total Balance Points + Volume Points in the past 15 days.
*Note: Selling Alpha tokens does not affect the score. Snapshot is calculated according to UTC timezone.
#steven_research
Use Binance Alpha Points to determine participation conditions. (Detailed instructions below)
*Event details:
- Participation time: 8:00 AM UTC - 10:00 AM UTC on April 25, 2025.
- Time in Vietnam (UTC+7): 3:00 PM - 5:00 PM on April 25, 2025.
- Total TGE sale capital: $100,000 in $BNB
- Number of tokens: 20,000,000 (2% of the total supply), max each user can commit 3 BNB
* Participation conditions: Users must have at least 45 Binance Alpha Points.
- How to check Alpha points: Go to Binance exchange, search for 'Alpha points' and then click as shown in the image
- As shown in the image, I have 46 points, just enough according to this condition
*How to calculate Alpha Points
- Binance Alpha Points are calculated daily based on two factors, accumulated over the past 15 days:
- Balance Points: Based on the total assets in the Binance Exchange account and Binance Keyless Wallet (including Alpha tokens):
$100 - < $1,000: 1 point/day.
$1,000 - < $10,000: 2 points/day.
$10,000 - < $100,000: 3 points/day.
≥ $100,000: 4 points/day.
- Volume Points: Based on the volume of purchasing Alpha tokens through Binance Exchange and Binance Keyless Wallet:
$2: 1 point.
$4: 2 points.
$8: 3 points.
$16: 4 points.
$32: 5 points.
- For each time the purchase volume doubles, add 1 point (for example:
$64 = 6 points,
$128 = 7 points…).
*Total points = Total Balance Points + Volume Points in the past 15 days.
*Note: Selling Alpha tokens does not affect the score. Snapshot is calculated according to UTC timezone.
#steven_research
Steven_Research
--
Thank you $INIT and $BNB 🤝
The initial valuation for the fundraising round is $250M and $350M, but currently the market cap is only close to $100M with nearly 150M tokens in circulation.
In general, selling at this price doesn't really yield a good return 🤣 but let's just close it, folks.
Are you holding or selling?
The initial valuation for the fundraising round is $250M and $350M, but currently the market cap is only close to $100M with nearly 150M tokens in circulation.
In general, selling at this price doesn't really yield a good return 🤣 but let's just close it, folks.
Are you holding or selling?
See original
SPECIFIC ABOUT BINANCE'S "VOTE TO LIST"
In my opinion, this is a purely community event with a playground, as there is no information about incentives for voters yet. Specifically, like this, folks
- Start time: The first event was announced and launched on March 19, 2025, with voting starting approximately 30 minutes after the official announcement from Binance.
- Duration: The first voting round lasts from March 20, 2025, to March 27, 2025.
- Participation requirements: Users need to log in to their verified Binance account (KYC) and hold at least 0.01 BNB in their main account throughout the voting period.
*Operating mechanism:
- There are 9 token projects participating, all belonging to the BNB Smart Chain ecosystem.
- Users can vote for a minimum of 1 and a maximum of 5 projects.
- The two tokens receiving the highest votes and passing Binance's verification process will be listed.
- Voting location: Conducted via Binance Square (access from Binance > Square > Binance Square Official).
*Is there a reward for voting?
- This seems to be a test of the community, where the project with more holders has a higher chance of being listed => catering to the majority of fans. And of course, if listed, the holders of those projects will also benefit.
- I don't hold many of these projects but still vote for fun, what about you?
#steven_research #VoteToListOnBinance
In my opinion, this is a purely community event with a playground, as there is no information about incentives for voters yet. Specifically, like this, folks
- Start time: The first event was announced and launched on March 19, 2025, with voting starting approximately 30 minutes after the official announcement from Binance.
- Duration: The first voting round lasts from March 20, 2025, to March 27, 2025.
- Participation requirements: Users need to log in to their verified Binance account (KYC) and hold at least 0.01 BNB in their main account throughout the voting period.
*Operating mechanism:
- There are 9 token projects participating, all belonging to the BNB Smart Chain ecosystem.
- Users can vote for a minimum of 1 and a maximum of 5 projects.
- The two tokens receiving the highest votes and passing Binance's verification process will be listed.
- Voting location: Conducted via Binance Square (access from Binance > Square > Binance Square Official).
*Is there a reward for voting?
- This seems to be a test of the community, where the project with more holders has a higher chance of being listed => catering to the majority of fans. And of course, if listed, the holders of those projects will also benefit.
- I don't hold many of these projects but still vote for fun, what about you?
#steven_research #VoteToListOnBinance
See original
RWA + PAYMENT + STABLECOIN THIS SEASON IS GROWING STRONGLY
With the gradual formation and openness of the legal framework, as well as the high likelihood of support from the US Government for crypto development, the RWA sector has great potential to grow this season.
Regarding tradfi, there are clear products like Stablecoin and Payment that are very close to what individuals can use immediately.
- Currently, there are 3 types of stablecoins: Crypto Native, Fully-Banked, and Under-Banked: Crypto Native is understood as stablecoin money within crypto, Fully-Banked is USD circulating in countries & organizations using it, while Under-Banked is fiat currency in secondary areas (I will talk about this later).
Regarding tradfi, there are clear products like Stablecoin and Payment that are very close to what individuals can use immediately.
- Currently, there are 3 types of stablecoins: Crypto Native, Fully-Banked, and Under-Banked: Crypto Native is understood as stablecoin money within crypto, Fully-Banked is USD circulating in countries & organizations using it, while Under-Banked is fiat currency in secondary areas (I will talk about this later).
See original
The OCC allows national banks and federal savings associations in the U.S. to engage in activities related to cryptocurrency without needing special approval. This decision has revoked previous restrictions outlined in interpretive letters from 2020-2021.
- Permitted activities: The announcement allows banks to perform certain specific activities with cryptocurrency, including:
- Acting as validators on blockchain networks like Ethereum.
- Holding and managing stablecoins.
- Providing custody services for cryptocurrencies like Bitcoin.
In other words, banks can now integrate digital assets into their traditional business operations without prior approval from regulators.
- Implications of the change: This decision marks a significant shift in U.S. regulatory policy towards cryptocurrency, reflecting a trend of acceptance and encouraging the participation of traditional financial institutions in this sector. This change has been driven by recent developments, such as President Donald Trump's executive order on March 7, 2025, establishing a strategic reserve for bitcoin and hosting a cryptocurrency summit at the White House.
Additionally, the White House also tweeted… $BTC $ETH
#steven_research
- Permitted activities: The announcement allows banks to perform certain specific activities with cryptocurrency, including:
- Acting as validators on blockchain networks like Ethereum.
- Holding and managing stablecoins.
- Providing custody services for cryptocurrencies like Bitcoin.
In other words, banks can now integrate digital assets into their traditional business operations without prior approval from regulators.
- Implications of the change: This decision marks a significant shift in U.S. regulatory policy towards cryptocurrency, reflecting a trend of acceptance and encouraging the participation of traditional financial institutions in this sector. This change has been driven by recent developments, such as President Donald Trump's executive order on March 7, 2025, establishing a strategic reserve for bitcoin and hosting a cryptocurrency summit at the White House.
Additionally, the White House also tweeted… $BTC $ETH
#steven_research
*In this seasons, we had:
- $BTC new ATH 108K$
- Stable coins supply ATH >200B$
- Biggest airdrop ever: $HYPE airdrop value flip $UNI airdrop in the past
- Black Swan tariff same as Covid-19
- M2 supply new all time high
- US's Stock Market new ATH
- Bitcoin & Altcoins ETF
- ...
*And now we expect so far...
- Countries Strategic Bitcoin Reserve Asset
- Crypto Reverse Asset
- US's monetary easing (QE)
- Trump roll in money
- FED cuts interest rates
- Altcoins season!
*It will be in the near future...
Your wait is worth it!
#steven_research
- $BTC new ATH 108K$
- Stable coins supply ATH >200B$
- Biggest airdrop ever: $HYPE airdrop value flip $UNI airdrop in the past
- Black Swan tariff same as Covid-19
- M2 supply new all time high
- US's Stock Market new ATH
- Bitcoin & Altcoins ETF
- ...
*And now we expect so far...
- Countries Strategic Bitcoin Reserve Asset
- Crypto Reverse Asset
- US's monetary easing (QE)
- Trump roll in money
- FED cuts interest rates
- Altcoins season!
*It will be in the near future...
Your wait is worth it!
#steven_research
Steven_Research
--
BTC AND CRYPTO ARE IN A HISTORICAL PERIOD
You guys reading the news will see that recently a lot of organizations, companies or countries are buying $BTC, so why do many big places announce buying but the price still hasn't increased much? You guys can refer to the information I've painstakingly compiled (long article)
1. Institutions are fomo $BTC
- Currently, there are 123 countries and companies that have announced holding $BTC, holding more than 3 million #BTC, or nearly 15% of the total Bitcoin supply. Of which, public companies hold a total of 622,735 bitcoins, accounting for 2.965% of the total supply,...
1. Institutions are fomo $BTC
- Currently, there are 123 countries and companies that have announced holding $BTC, holding more than 3 million #BTC, or nearly 15% of the total Bitcoin supply. Of which, public companies hold a total of 622,735 bitcoins, accounting for 2.965% of the total supply,...
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The rate of having Bitcoin reserves $BTC in the United States in 2025 on Polymarket is reaching 65%, an increase of over 20% in just the past week.
Polymarket also has many fairly accurate predictions such as the election period,...
#steven_research
Polymarket also has many fairly accurate predictions such as the election period,...
#steven_research
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The 4th Binance Megadrop is the project @kernel_dao ($KERNEL)
- KernelDAO is a restaking protocol supporting Kernel, Kelp, and Gain.
- The total supply of KERNEL tokens is 1 billion, of which 40 million (accounting for 4% of the total supply) will be released as Megadrop rewards, and another 40 million will be used for other marketing activities every 6 months after launch.
- The initial circulating supply at launch is 162,317,496 (accounting for 16.23% of the total supply).
- The specific time and mission will be announced later, folks; there is currently no additional information.
- Is this a token lock action to reduce the amount of sell-off 93,602,027,193 before a (possible) market fluctuation, folks?
58,514,088,007
- KernelDAO is a restaking protocol supporting Kernel, Kelp, and Gain.
- The total supply of KERNEL tokens is 1 billion, of which 40 million (accounting for 4% of the total supply) will be released as Megadrop rewards, and another 40 million will be used for other marketing activities every 6 months after launch.
- The initial circulating supply at launch is 162,317,496 (accounting for 16.23% of the total supply).
- The specific time and mission will be announced later, folks; there is currently no additional information.
- Is this a token lock action to reduce the amount of sell-off 93,602,027,193 before a (possible) market fluctuation, folks?
58,514,088,007
See original
THE TRUTH ABOUT MCAP X2 X3 ON BINANCE?
On February 14, 2025 (3 days ago), Binance made a very clear announcement about changing the way to calculate and display Mcap, as well as the way to calculate the circulating supply of projects on @Binance
*Here, Binance updated 2 things, one is the way to calculate market cap and the other is the circulating supply of projects
- Previously, Binance displayed the circulating supply including tokens with liquidity in transactions, meaning that there were tokens that were unlocked but not being traded, so they were not counted. And Market Cap was calculated by multiplying the price by this amount of tokens.
=> In fact, the old calculation method will be less than the circulating supply according to tokenomics, for example, the $WLD project according to tokenomics has a circulating supply of about 29% plus token inflation, which is about 300 million tokens. Multiply by price 1.2 then cap 3.3B$ is correct, but Binance and CGK both updated wrongly before so now update it correctly. This is normal, there is nothing natural x2 x3 Mcap guys? Other projects are similar
- Currently the new calculation method will calculate all unlocked tokens - of course it will exclude tokens that are no longer accessible (like burned,...)
*Conclusion
- Actually, Binance's calculation method has always been done like this in my research articles, so I think the update is correct, nothing strange, should have done it a long time ago
- Read carefully before panicking guys, the information is very basic
#steven_research
On February 14, 2025 (3 days ago), Binance made a very clear announcement about changing the way to calculate and display Mcap, as well as the way to calculate the circulating supply of projects on @Binance
*Here, Binance updated 2 things, one is the way to calculate market cap and the other is the circulating supply of projects
- Previously, Binance displayed the circulating supply including tokens with liquidity in transactions, meaning that there were tokens that were unlocked but not being traded, so they were not counted. And Market Cap was calculated by multiplying the price by this amount of tokens.
=> In fact, the old calculation method will be less than the circulating supply according to tokenomics, for example, the $WLD project according to tokenomics has a circulating supply of about 29% plus token inflation, which is about 300 million tokens. Multiply by price 1.2 then cap 3.3B$ is correct, but Binance and CGK both updated wrongly before so now update it correctly. This is normal, there is nothing natural x2 x3 Mcap guys? Other projects are similar
- Currently the new calculation method will calculate all unlocked tokens - of course it will exclude tokens that are no longer accessible (like burned,...)
*Conclusion
- Actually, Binance's calculation method has always been done like this in my research articles, so I think the update is correct, nothing strange, should have done it a long time ago
- Read carefully before panicking guys, the information is very basic
#steven_research
See original
The 7D volume of @BNBCHAIN $BNB has surpassed to become the top 1 market, reaching over 14B$, more than double Solana's over 7B$
Additionally, the volume on @PancakeSwap $CAKE reached 14B$ and surpassed @Uniswap $UNI with only 8B$
I don't know how you all feel, but the feeling of 2021 is coming back to me, it feels somewhat like around July 2021, back then I was also into memes a lot, but now I'm too old to keep up 😂
#steven_research
Additionally, the volume on @PancakeSwap $CAKE reached 14B$ and surpassed @Uniswap $UNI with only 8B$
I don't know how you all feel, but the feeling of 2021 is coming back to me, it feels somewhat like around July 2021, back then I was also into memes a lot, but now I'm too old to keep up 😂
#steven_research
See original
BTC AND CRYPTO ARE IN A HISTORICAL PERIOD
You guys reading the news will see that recently a lot of organizations, companies or countries are buying $BTC, so why do many big places announce buying but the price still hasn't increased much? You guys can refer to the information I've painstakingly compiled (long article)
1. Institutions are fomo $BTC
- Currently, there are 123 countries and companies that have announced holding $BTC, holding more than 3 million #BTC, or nearly 15% of the total Bitcoin supply. Of which, public companies hold a total of 622,735 bitcoins, accounting for 2.965% of the total supply,...
1. Institutions are fomo $BTC
- Currently, there are 123 countries and companies that have announced holding $BTC, holding more than 3 million #BTC, or nearly 15% of the total Bitcoin supply. Of which, public companies hold a total of 622,735 bitcoins, accounting for 2.965% of the total supply,...
See original
A16Z has invested an additional $55M in LayerZero $ZRO with a lock period of 3 years
*In the past, a16z has invested in LayerZero multiple times:
- Series A+ Round (March 2022): a16z led a Series A+ fundraising round worth $135 million for LayerZero Labs, with a company valuation of $1 billion
- Series B Round (April 2023): a16z continued to lead a Series B round worth $120 million, raising LayerZero Labs' valuation to $3 billion
- Token investment #ZRO (April 2025): This is the latest investment announced in a post on X on April 17, 2025, with $55 million into LayerZero's ZRO token, along with a 3-year lock commitment. It is unclear whether this is part of a new fundraising round or a direct token purchase (OTC).
*In my personal opinion, this latest round may be an OTC token purchase, and the purchase price could be much lower than the market price
- With the current market capitalization, LayerZero is currently valued lower than the Series B fundraising valuation (April 2023)
#steven_research
*In the past, a16z has invested in LayerZero multiple times:
- Series A+ Round (March 2022): a16z led a Series A+ fundraising round worth $135 million for LayerZero Labs, with a company valuation of $1 billion
- Series B Round (April 2023): a16z continued to lead a Series B round worth $120 million, raising LayerZero Labs' valuation to $3 billion
- Token investment #ZRO (April 2025): This is the latest investment announced in a post on X on April 17, 2025, with $55 million into LayerZero's ZRO token, along with a 3-year lock commitment. It is unclear whether this is part of a new fundraising round or a direct token purchase (OTC).
*In my personal opinion, this latest round may be an OTC token purchase, and the purchase price could be much lower than the market price
- With the current market capitalization, LayerZero is currently valued lower than the Series B fundraising valuation (April 2023)
#steven_research
See original
Crypto and Ethereum have experienced the worst Q1 in 6 years
- After a Q1 decline of 45.41%, $ETH continued into Q2 with an additional decrease of 12.54%. If this situation does not improve soon, we may be witnessing the worst first half of 2025 in crypto history
- The average Ethereum network fee has dropped to just $0.168 per transaction, reaching a 5-year low according to Santiment. This fee is much lower than during the bear market of 2022 and 2023
- With $BTC : From January 2025 to now, #Bitcoin has the worst performance among asset classes, with GOLD being the asset with the best growth.
- One correlation is that the decline of BTC is quite similar to NASDAQ, indicating a significant relationship between the US financial market and Bitcoin. At this point, many believe Bitcoin is more like a tech stock, and the theory of "digital gold" is severely flawed
- Interestingly, the DXY index has also decreased significantly (in the past, this index often moved in the opposite direction of BTC and US Stocks), indicating an inconsistency with the theories that have occurred in the past
- We may be in an irrational market, or it is building a new reasonable setup - different from the old rationalities we have known
- This article is a compilation of information, not bearish or bullish. What are your thoughts?
#steven_research
- After a Q1 decline of 45.41%, $ETH continued into Q2 with an additional decrease of 12.54%. If this situation does not improve soon, we may be witnessing the worst first half of 2025 in crypto history
- The average Ethereum network fee has dropped to just $0.168 per transaction, reaching a 5-year low according to Santiment. This fee is much lower than during the bear market of 2022 and 2023
- With $BTC : From January 2025 to now, #Bitcoin has the worst performance among asset classes, with GOLD being the asset with the best growth.
- One correlation is that the decline of BTC is quite similar to NASDAQ, indicating a significant relationship between the US financial market and Bitcoin. At this point, many believe Bitcoin is more like a tech stock, and the theory of "digital gold" is severely flawed
- Interestingly, the DXY index has also decreased significantly (in the past, this index often moved in the opposite direction of BTC and US Stocks), indicating an inconsistency with the theories that have occurred in the past
- We may be in an irrational market, or it is building a new reasonable setup - different from the old rationalities we have known
- This article is a compilation of information, not bearish or bullish. What are your thoughts?
#steven_research
Steven_Research
--
OVERVIEW OF EUROPEAN, CANADIAN, AND HONG KONG ETFs
Although Europe is considered a region not very friendly to crypto, especially with the move to deny $BTC into the reserves of central banks (following the U.S. reserve establishment move), data shows that ETPs (similar to U.S. ETFs) are quite diverse and still operate steadily.
- From May 2024 to March 2025, the AuM of ETPs in the EU increased from 10 billion USD to a peak of 22.5 billion USD (November 2024), before sharply declining to 13.317 billion USD in March 2025.
- In which AuM #Bitcoin: 62.2% (8.283 billion USD), holding an absolute advantage. #Ethereum: 13.5% (1.797 billion USD), in second place. Altcoins such as: Solana (5.7%), SUI (4.9%), Cardano (3.1%), and other coins like XRP, Avalanche, Polkadot occupy smaller proportions.
*Additionally, the status of ETF Staking:
- In Canada, ETF $SOL with staking was approved on April 16, 2025.
- Staking services for $ETH ETF have been approved by the SFC in Hong Kong, with the first case being Bosera HashKey Ether ETF on April 11, 2025.
- The Ethereum spot ETF of China Asset Management (Hong Kong) has been approved to provide staking services.
- It can be seen that outside of the U.S., many countries are also moving quite quickly on cryptocurrency services; the SEC may soon have clearer regulations, and the extension of ETH ETF Staking in the U.S. will likely coincide with new regulations.
- What do you all think?
#steven_research
Although Europe is considered a region not very friendly to crypto, especially with the move to deny $BTC into the reserves of central banks (following the U.S. reserve establishment move), data shows that ETPs (similar to U.S. ETFs) are quite diverse and still operate steadily.
- From May 2024 to March 2025, the AuM of ETPs in the EU increased from 10 billion USD to a peak of 22.5 billion USD (November 2024), before sharply declining to 13.317 billion USD in March 2025.
- In which AuM #Bitcoin: 62.2% (8.283 billion USD), holding an absolute advantage. #Ethereum: 13.5% (1.797 billion USD), in second place. Altcoins such as: Solana (5.7%), SUI (4.9%), Cardano (3.1%), and other coins like XRP, Avalanche, Polkadot occupy smaller proportions.
*Additionally, the status of ETF Staking:
- In Canada, ETF $SOL with staking was approved on April 16, 2025.
- Staking services for $ETH ETF have been approved by the SFC in Hong Kong, with the first case being Bosera HashKey Ether ETF on April 11, 2025.
- The Ethereum spot ETF of China Asset Management (Hong Kong) has been approved to provide staking services.
- It can be seen that outside of the U.S., many countries are also moving quite quickly on cryptocurrency services; the SEC may soon have clearer regulations, and the extension of ETH ETF Staking in the U.S. will likely coincide with new regulations.
- What do you all think?
#steven_research
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NEAR - THE KING OF TREND DISRUPTION
Known for its superpower, Near tends to destroy any trend it engages in, even strong trends like AI Agents cannot withstand.
But well, looking at it objectively, I will gather a bit more information for you all.
1.
What to do with AI
- Clearly, everyone can see that Near is originally L1, but later on, due to the founder's capability in AI from the past, they also ventured into AI because the AI trend is too hot. However, after some time, it can be seen that Near also has real capabilities in AI, not just superficial.
But well, looking at it objectively, I will gather a bit more information for you all.
1.
What to do with AI
- Clearly, everyone can see that Near is originally L1, but later on, due to the founder's capability in AI from the past, they also ventured into AI because the AI trend is too hot. However, after some time, it can be seen that Near also has real capabilities in AI, not just superficial.
See original
Kyberswap $KNC has updated its algorithm, reducing costs for a trade by 15%-40%
@KyberNetwork is still a beloved DEX aggregator, with monthly volume in the top 5 markets
Currently, in addition to common chains, KyberSwap has supported Berachain, Sonic, Bnbchain, and most recently, Ronin.
Kyber Earn has also just announced additional support on Uniswap v2, Camelot, Kodiak, Thena, QuickSwap v3
The current action to reduce transaction fees may reflect the continuous effort of the Kyber team, still working hard and improving.
Additionally, the KyberSwap aggregator API is still rated as stable, finding assets/liquidity quickly, low API costs, and optimized algorithms for partner use
*Traders on DEX may refer to using Kyberswap regularly for better cost optimization, our team members also use it frequently and quite like it
#steven_research
@KyberNetwork is still a beloved DEX aggregator, with monthly volume in the top 5 markets
Currently, in addition to common chains, KyberSwap has supported Berachain, Sonic, Bnbchain, and most recently, Ronin.
Kyber Earn has also just announced additional support on Uniswap v2, Camelot, Kodiak, Thena, QuickSwap v3
The current action to reduce transaction fees may reflect the continuous effort of the Kyber team, still working hard and improving.
Additionally, the KyberSwap aggregator API is still rated as stable, finding assets/liquidity quickly, low API costs, and optimized algorithms for partner use
*Traders on DEX may refer to using Kyberswap regularly for better cost optimization, our team members also use it frequently and quite like it
#steven_research
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This case is serious, folks (if it's true)
There are rumors that Strategy submitted Form 8-K to the SEC on April 7, stating that if the price of Bitcoin continues to decline, the company may be forced to sell its held Bitcoin to pay off debt.
It is noted that this statement is a standard risk disclosure practice and it also appears in the 10-Q report for the first quarter of 2024 and reports for the year 2023 and prior, and is not a special case.
Currently, the average purchase price of $BTC of Strategy is around ~$67K, the current price is only about 12% away from this range and Bitcoin is still in a downward trend.
What do you think about this news?
#steven_research
There are rumors that Strategy submitted Form 8-K to the SEC on April 7, stating that if the price of Bitcoin continues to decline, the company may be forced to sell its held Bitcoin to pay off debt.
It is noted that this statement is a standard risk disclosure practice and it also appears in the 10-Q report for the first quarter of 2024 and reports for the year 2023 and prior, and is not a special case.
Currently, the average purchase price of $BTC of Strategy is around ~$67K, the current price is only about 12% away from this range and Bitcoin is still in a downward trend.
What do you think about this news?
#steven_research
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