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#空投防骗手册

Four Simple Steps to Avoid Pitfalls!

1. Be Careful of 'Fake Airdrops': Free tokens may be poison
• Scam Method: Impersonating official accounts to DM or comment 'Airdrop is about to end' 'Claim XXX tokens quickly'.
• Prevention Method: Verify airdrop activities only from the project's official website, Twitter/X official account, **well-known on-chain platforms (such as Galxe, Layer3)**.

2. Don't Connect Wallets Randomly: Every click is a risk
• Scam Method: Phishing websites will lure you to click 'Connect Wallet', behind which is a coin theft contract.
• Prevention Method: When installing wallet plugins (like MetaMask, Rabby), check the website URL to avoid connecting to obscure or misspelled domains.

3. Do Not Sign 'Approve' for Unnecessary Authorizations: You are not claiming tokens, you are giving them away
• Scam Method: Airdrop websites ask you to Approve or Sign, which actually transfers or authorizes others to transfer your assets.
• Prevention Method: Carefully read the MetaMask pop-up content; if it involves authorizing token transfers (especially SetApprovalForAll), decisively refuse!

4. 'Claiming Airdrops for You' are all scams: Don't trust enthusiastic people in the community
• Scam Method: Claiming 'help you apply for airdrops for free', 'only need to pay a small Gas fee', actually aims to extract your private key or steal your wallet.
• Prevention Method: Never give out your private key, and do not let any third party operate your wallet. Airdrops are personal actions and cannot be outsourced!

A Little Reminder: Airdrop ≠ Free Lunch

Airdrops are essentially marketing strategies to attract user participation, but scammers understand this and exploit human nature. Learning to prevent scams is more important than learning to claim airdrops.

You are your own first line of defense; preserving your wallet is the only way to truly earn airdrops!

$BTC

📊 Today's Bitcoin Market Overview (April 28, 2025)
• Current Price: Approximately $95,451
• 24-Hour Change: +1.73%
• Daily Trading Range: $92,953 – $95,533

🔍 Market Dynamics and Observations
• Strong Institutional Buying: Strategy (formerly MicroStrategy) has increased its holdings by 15,355 BTC in the past week, totaling approximately $1.42 billion, bringing its total holdings to 553,555 BTC, with an average cost of $64,459.

• Technical Support: Bitcoin's price remains stable above the 78.6% Fibonacci retracement level (approximately $91,780), indicating a strong upward trend.

• Macroeconomic Impact: The U.S. has raised tariffs on Chinese goods to 145%, triggering global economic uncertainty and increasing demand for Bitcoin as a safe-haven asset.

Bitcoin's 'Digital Gold' Narrative is Strengthening

Recently, the 30-day correlation coefficient between Bitcoin and gold reached 0.70, while the correlation coefficient with the Nasdaq 100 index was 0.53, indicating that Bitcoin's market behavior is closer to gold, reinforcing its role as 'Digital Gold'.

#特朗普税改

1. Lowering Corporate Taxes = Bringing Capital Home

At that time, a large amount of cash flow from American companies (especially tech giants) existed overseas, such as in Ireland and Singapore, to avoid the high 35% U.S. corporate tax. Trump cut the corporate tax rate to 21%, also offering a one-time 'repatriation tax rate discount', the logic is clear:
• To bring back the money earned overseas
• Stimulate domestic investment, stock buybacks, boost the domestic stock market
• Reduce the circulation of global capital, with the U.S. benefiting first

2. Personal Tax System Adjustment = Middle-Class Reshuffle + Regional Restructuring

Increasing the standard deduction and limiting state tax deductions (SALT cap of $10,000) may seem like tax simplification on the surface, but in reality:
• It hits the middle class in high-tax states (California, New York) hard
• Encourages the movement of people and capital to low-tax states (Texas, Florida)
• Creates a demographic and wealth advantage for Republican-controlled areas

3. Fiscal Deficit? An Acceptable Side Effect

Many economists criticize Trump's tax reform for expanding the deficit. In fact, the growth of the deficit itself is not a problem for Trump—because in his strategic perspective, the focus has never been on 'keeping the books' looking good, but rather:
• Violently activating domestic corporate profits
• Pushing up asset prices (especially in the stock market and real estate)
• Creating a sense of 'prosperity' in the short term, scoring political points

4. Implicit Impact on the Cryptocurrency Ecosystem

This aspect is usually not mentioned in general analyses, but from the perspective of the cryptocurrency world, Trump's tax reform actually:
• Encouraged more high-net-worth individuals to seek non-traditional hedging assets (part of the background for the rise of Bitcoin)
• Increased capital liquidity, boosting risk appetite in emerging markets

#空投发现指南

1. Find the right people and the right circles

Airdrops are not an isolated act; they are essentially a release of social capital. So the first step is to identify the core circles:
• Focus: primary builders, early VC partners, tech communities (such as EigenLayer, Celestia builders chat)
• Multi-platform synchronization: X (Twitter), Farcaster, Telegram, Discord
• Pay attention to small actions of private domain communication within the circle, such as who suddenly starts promoting a certain testnet.

Key Insight:
Who is moving first? Who is quiet? Airdrop resources are first given to the trust chain within the circle, not to the public shout-out.

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2. It’s not about “completing tasks,” it’s about “becoming part of the builders”

Many people view airdrops as completing tasks and grinding data. This behavior may yield short-term rewards but has no long-term accumulation.
The truly robust strategy is:
• Participate in the real use during the early stages of the project (not just volume grinding)
• Reciprocal interactions (submit bugs, provide feedback, participate in community AMAs)
• Long-tail behavior (writing tweets, short articles to introduce this protocol, rather than just claiming task rewards)

Key Insight:
Project teams can tell whether you are a “real user”; airdrop designs are increasingly leaning towards a “quality points system.”

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3. Identify promising projects

Not everything that goes on the testnet is worth pursuing. To judge whether a protocol is worth investing time in:
• Backing capital (if there are shadows of Paradigm, a16z, Polychain, prioritize them)
• Technical depth (Layer 2, modular infrastructure, DePIN tend to have larger airdrop volumes)
• Community activity (not just active shouting; active discussion on technology and direction)
• Is the token economic design reasonable (is there a clear airdrop allocation commitment?)

Key Insight:
High-quality airdrops often come from projects that have not yet been “shouted out” but are being keenly watched by the inner circle.

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4. Tools and resources (essential for practice)

Airdrop discovery is actually an art of intelligence gathering. Here are some recommended practical resources:
• Airdrop Hunting platforms: Earn Alliance, DeBank Airdrop Tracker
• Twitter accounts: @0xNoble, @cryptovestor, @hellodropio
• Communities: LayerZero Farmers, Modular Crypto Club
• Automatic tracking scripts: Dune Dashboard, self-built Onchain Interaction Tracker

$ETH

Three Core Trends of ETH
1. Supra-national Settlement Layer
Not belonging to any one country, yet becoming the standard for global asset interconnection and settlement
Bitcoin is 'value storage', ETH is 'transaction settlement'
2. Liquidity Absorption Technique (Restaking + LSDfi)
EigenLayer, Karak, and Restaking will make ETH a plugin for the security of other modular chains
LSDfi (like Pendle, Ether.fi) will financialize ETH staking liquidity to the extreme
3. Cultural-legal Hybridization
The ETH community culture will further penetrate into RWA (Real World Assets), traditional finance, and legal systems
Becoming a new element of economic order, not a replacement, but a fusion

#特朗普暂停新关税

Trump's tariff policy is essentially undermining global trade trust. Every policy change is a blow to global liquidity. This tells us:

In a world full of uncertainty and fragmentation, assets that can quickly self-adjust and maintain liquidity are the true safe assets.

Cryptocurrencies, especially those with high liquidity, high transparency, and low dependence on a single country's policies (such as BTC, ETH), will gradually solidify their new roles amidst this macro turmoil.

$ETH

ETH is the heart of the DeFi nation, betting on trust rather than performance.

The foundation of value is not just supply and demand, but 'community culture + public consensus.' This is also why ETH has a strong Lindy effect (the longer it exists, the harder it is to replace).

If you are looking at the next 10 years, ETH is like on-chain treasury bonds + settlement currency + community reputation asset; these three roles can sustain its dominant position in a modular universe.

#以太坊的未来

The future of Ethereum is a long-term battle for trust, settlement, and cultural discourse power. It is not the fastest chain, nor is it the cheapest chain, but it might be the least replaceable chain, provided that it can:

Maintain openness and modularity
Actively address L2 fragmentation and asset interoperability issues
Uphold the core values of community culture and trust

Otherwise, Ethereum may also degrade from a 'global main chain' to 'one of many modular chains' consensus engines in the modularity race.

$BTC

As of now, the price of $BTC is approximately $92,512, down about 1.1% for the day. Despite a slight price pullback, overall market sentiment still shows a cautiously optimistic attitude.

Price Structure and Market Momentum

Today's price fluctuations are mainly influenced by the following factors:
Institutional funds continue to flow in: Sovereign wealth funds and other large institutions are quietly accumulating Bitcoin, indicating long-term bullish confidence.

Macroeconomic indicators support: The growth of the M2 money supply is seen as a positive signal for a potential rise in Bitcoin in May.

Technical indicators show support: Bitcoin's price has found support in the range of $91,000 to $92,000, an area that has served as an important support level under past market conditions.

On-chain Data and Fund Flows

Number of active addresses: The number of active addresses has slightly decreased, from 1,000,000 the previous day to 980,000, which may reflect a decrease in trading activity in the short term.

Increased holdings by large investors: Whale addresses are increasing their holdings by about 23,000 BTC weekly, indicating that large investors' confidence in the market is strengthening.

Exchange balances rebound: The balance of Bitcoin on exchanges has risen to 2.7 million BTC, which may imply that investors are moving assets back to exchanges in preparation for trading or cashing out.

Transitioning from a high-risk asset to a "sovereign hedge tool": With increasing global geopolitical tensions and declining trust in fiat currencies, investors are increasingly viewing Bitcoin as a safe haven against risks in the traditional financial system. This shift could drive demand and prices for Bitcoin higher in the future.

#比特币市值排名

$BTC is not just the number one cryptocurrency by market capitalization; it is the coordinate origin of the entire crypto financial universe. When it ranks first, it is not only due to technology, consensus, or history, but because it carries the core narrative of the entire Crypto world: a symbol of decentralized value storage and resistance against fiat currency hegemony.

In simple terms:
$BTC is number one by market capitalization, not just because it is the earliest, but because it defines the boundary of consensus.

When you look at the market capitalization rankings, you are not just looking at numbers, but at which narrative the market believes in and where the funds are betting on for the future.

$TRUMP

Essentially, it is a cross-product of political sentiment and speculative psychology. It is not merely a meme coin, nor is it just a shadow of politics, but rather an extreme experimental product of narrative finance: packaging an individual's brand, style, and controversies, tokenizing, speculating, and creating group identity.

In simple terms:
$TRUMP is a market bet on fragmented consensus. Some believe, some oppose, but as long as the topic is hot enough, it has value.

From a Crypto perspective, it reminds us: narrative > technology, sentiment > fundamentals, and the trading venue is a theater.

#TRUMP晚宴

At this meticulously planned TRUMP dinner, political elites, wealthy allies, and media moguls gathered together. On the surface, it was high-end dining and glamorous socializing, but in reality, it was a precise game of power and interests. Trump, like a conductor at the center of the stage, raised his glass in greeting while accurately gauging the political winds. Hidden within his words were hints of strategic plans, as well as subtle signals regarding his stance on cryptocurrency regulation.

On the table were lobsters and steaks, while beneath it surged a tide of various funds, policy struggles, and future territorial ambitions.

In simple terms:
The TRUMP dinner is not just a meal; it is an auction of the political market, and if the Crypto circle is present, they should understand the subtext.

$ETH

Currently, ETH is in a consolidation phase. Although short-term funds are more inclined to flow into BTC and meme projects, the fundamentals of ETH remain robust, including the expansion of the L2 ecosystem, the ongoing wave of Restaking, and the expectations for spot ETFs that have yet to be fully realized. Coupled with a deflationary model and high developer activity, ETH resembles a silent vault in the market, possessing potential for medium to long-term value retention and narrative resurgence, making it suitable for a stable allocation while waiting for capital to flow back.

#Metaplanet增持比特币

Recently, the Japanese listed company Metaplanet (3350.T) announced another increase in its Bitcoin holdings, marking their second consecutive public purchase. This move has drawn comparisons to the American company MicroStrategy among many crypto players. Here’s a brief analysis of this operation:

1. Background Overview:

Metaplanet was originally a relatively obscure Japanese company, primarily engaged in hotel and real estate businesses, but has recently pivoted clearly: incorporating Bitcoin into its financial strategic core assets.

Their logic is:
• Hedging against the depreciation of the yen and inflation
• Enhancing corporate valuation and capital attention
• Capturing BTC’s long-term upward potential

2. Details of the Increase in Holdings (as of now)
• **First Purchase:** In early April, they purchased 1 Bitcoin
• **This Round of Increase:** Added 19 Bitcoins, bringing total holdings to 20 Bitcoins, valued at approximately 120 million yen (about 800,000 USD)

Although the scale is much smaller than MicroStrategy, this move is highly significant for the traditional Asian market.

3. Market Reaction & Insights

1) Stock Price Surge:

After the initial purchase, Metaplanet's stock price skyrocketed over 100% within two days. This indicates that traditional investors are reassessing the valuation model of “crypto-holding companies.”

2) The Uniqueness of the Japanese Market:
• The Bank of Japan is still implementing low interest rates + quantitative easing policies
• Inflationary pressures are rising, and the yen continues to depreciate
• BTC is viewed as a hedging tool, digital gold

3) Demonstration Effect on Other Companies:

Metaplanet plays a role similar to that of early MicroStrategy: a “non-crypto-native” listed company taking the lead in holding crypto and embracing the Bitcoin standard. If successful, this could encourage more Japanese and even Asian companies to follow suit.

4. Value of Reflection for Web3 Users and Builders
1. **Narrative Direction is Clear:** The BTC corporate asset allocation narrative is beginning to take root in Asia, potentially becoming one of the highlights of the next bull market.
2. **Arbitrage Opportunities Under Regulatory Differences:** As a Japanese company, Metaplanet's operations may stimulate demand for BTC products in Japan (ETFs, trusts, etc.).
3. **Investor Education Path is Gradually Clarified:** Promoting Bitcoin through a “stock market perspective” lowers the understanding threshold, facilitating the entry of traditional capital.

#加密市场反弹

1. Macroeconomic Recovery: Federal Reserve Turns Dovish
• Recent CPI and PPI data show a slowdown in inflation, and the market expects the Federal Reserve may cut interest rates in the second half of the year, which has directly boosted confidence in risk assets (especially cryptocurrencies).
• U.S. Treasury yields have declined, leading to a recovery in liquidity, making funds more willing to take risks.

2. Continued ETF Effect & Ongoing Capital Inflows
• The Bitcoin spot ETF has continuously attracted traditional funds since its approval at the beginning of the year, although there have been fluctuations, the overall trend shows net inflows.
• The market is also speculating on the possibility of an Ethereum spot ETF (May is a key milestone), and this expectation has brought attention to ETH and the L2 ecosystem.

3. Clear Sector Rotation, Narrative Resurgence
• RWA (Real World Assets), AI, Restaking, modular blockchains (such as Monad, Movement), Solana ecosystem, Base chain, etc., have become new growth hotspots.
• Project teams have begun to actively deploy resources, community interactions have resumed, and on-chain activity has significantly increased.

4. Technical Analysis & Market Structure:
• Bitcoin has rebounded from its bottom, stabilizing above 60k, forming a key support area, with technical patterns favoring bulls.
• On-chain liquidation and funding rates have turned positive, indicating that shorts are being squeezed out and the market is gradually recovering structural bullishness.

5. Sentiment Indicators: From Fear to the Edge of Greed
• Fear & Greed Index has returned to a neutral to optimistic stance;
• Discussion on social platforms, on-chain trading volume, NFT transaction amounts, etc., have all begun to warm up, indicating that FOMO sentiment is brewing.

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