西部往事

I. Analysis of the Reasons for the Market Crash
1. Geopolitical Impact: Escalation in the Middle East Triggers Risk Aversion
Recent reports indicate that a new round of military actions by Israel against Iran has intensified global risk aversion, leading to selling pressure on risk assets. This emotional contagion directly impacts high-risk assets like BTC.
2. Technical Correction: Natural Adjustment After Accumulation in the $BTC 90k–110k Range
Bitcoin experienced a series of technical corrections after failing to break through its highs from 108k to 111k. The Bollinger Bands indicate a drop below the middle band, with trading volume lacking rebound intent, consistent with a “high-level cooling” trend.
3. Suspension of Stablecoin Minting
The issuance and minting process of stablecoins has slowed, passively tightening liquidity inflows and reducing short-term capital supply, weakening the impetus for a secondary rise.
4. Deleveraging and Forced Liquidation Linkage
Over the past 72 hours, liquidations exceeding $500 million occurred, leading to a chain reaction of sell-offs due to long positions being pressured.
II. Structural Logic: The Market Enters a Phase of “Risk Correction + Calm Reevaluation”
Risk Control Prioritized: Bulls have cleared positions after multiple failures to break through, prioritizing risk reduction;
Institutional Caution: While whales have not exited, they are actively reducing their market entry, waiting for stable signals;
Capital Switching: Some stablecoin capital is poised to re-enter after compliance policies are clarified;
Emotional Repair: The market is currently in a 2-3 day emotional adjustment period, and future trends will depend on whether new narratives emerge.
III. Practical Strategy Recommendations
1. Core Positioning with Light BTC + Stablecoin Hedge Structure
Set a core position in the $100k–105k range, “no ambition, much flexibility.” Hold the remaining in stablecoins on standby, gradually exiting as the market and narratives stabilize.
2. Utilize ETH/BTC Price Arbitrage
Currently, ETH is structurally weaker compared to BTC, creating potential for an ETH/BTC rebound. It is recommended to go long on ETH in the 0.0355–0.0365 range, targeting a rebound to 0.038–0.039. Set a stop loss below the structural low.
3. Monitor “Liquidity Signal Fragments” in the DeFi Derivatives Sector
Platforms like Hyperliquid continue to maintain stable trading; consider short-term follow-ups on swings; the logic is “emotional pullback, funds shifting to low-coupling sectors,” beneficial for capturing capital flow deviations.
4. Observe the Overlap of Geopolitical and Policy Windows
If the conflict in the Middle East and Federal Reserve policies stabilize in the short term, the combination of stablecoins + ETFs restarting capital inflows could trigger a new wave of rebounds.

#加密市场回调

$BTC : Price consolidation ≠ market consolidation, but rather a 'silent allocation period'
Real-time data: BTC has retraced to ~103.8k, the consolidation amplitude has narrowed, but the capital has not flowed out - whale deposits continue, exchange balances are decreasing, indicating that the main forces are quietly accumulating.
🧠 My judgment:
This is a phase of 'quietly building positions' within a 'high valuation price range'.
The price hasn't risen because the main forces are not worried about short-term pullbacks, but are more concerned with structural accumulation.
Constructing a light long position + small range bottom-picking strategy:
Entry: Make low-position layouts below 105k;
Take profit: Before sentiment rekindles, consider locking in a small profit;
The core is 'not breaking structure, not heavily investing' - pushing up to take some positions, pushing down to add positions.
Declining active addresses + weak on-chain data: may continue a period of 'narrow sideways'
On-chain signals: The number of active addresses 14DEMA continues to decline, nearing the previous range's lowest UTXO and new address additions are also weak.
🧠 My interpretation:
Retail investors are still observing, no longer aggressively entering;
The dense decline in activity suggests there is currently no 'new capital education period';
In comparison to prices: you cannot just look at the holding trend, but must consider 'real trading cognition'.
Unless on-chain active users recover, the market may continue to fluctuate within a narrow range. Short-term traders can reduce the frequency, locking in thoughts on the bottom structure range.
$ETH /BTC price comparison clever use: Right-side layout opportunities are emerging
Data indicates that the current ETH/BTC ratio continues to weaken, this is a great opportunity for strategy arbitrage.
🧠 My thought process:
During this period, BTC is strong, ETH is weak;
The breakdown of the ETH structure may indicate 'weaker protocol expectations', not just the coin price;
Layout before bottom confirmation, waiting for cross-period arbitrage or structural rebound.
DeFi derivatives sector: The rise of Hyperliquid is the real signal
Data highlights:
Hyperliquid's transactions this month have reached about $244 billion, accounting for 10% of CEX;
Daily trading volume remains stable at several billion dollars, with TVL at 600M+, indicating real pool funds.
My judgment:
The combination of high-speed, low-friction, leverage freedom, and social copy trading has formed a new capital entry.
Stablecoin market cap reaches new highs, indicating that market funds are becoming more cautious before entering;
Global policies are slightly relaxed, liquidity structure tends towards 'stablecoins + compliant entries'.

🎯【Alpha Airdrop · Today's Project】$VELO
@veloprotocol
Binance Alpha's latest launched airdrop project — VELO Protocol, Alpha points threshold: 242
Project Analysis｜Why is VELO worth关注?
VELO Protocol is one of the few established projects focusing on the 'settlement and clearing network' track in the Web3 space. As early as 2023, institutional-level research reports had already covered it, and its re-entry into mainstream view marks its gradual positioning in the cross-border payment and DeFi settlement infrastructure sector.
🧩 Key Highlights
🔹 Clear Positioning: Provides an efficient and trustworthy liquidity + clearing network based on blockchain, targeting B2B financial cooperation scenarios, constructing a 'trustless' settlement protocol.
🔹 RWA & Compliance Expectations: With the RWA narrative gaining traction, VELO may promote on-chain payment networks to replace traditional clearing systems in certain emerging markets.
🔹 Southeast Asia Payment Infrastructure Background: Supported by actual business cooperation and payment scenario resources, not just paper projects.
🧭 Airdrop Participation Suggestions
Current claiming threshold 242 Alpha points + 15 points consumption, which is of medium difficulty in this round of Alpha activities, suitable for participants who have accumulated a certain score but have not fully used it yet to prioritize layout.
From a claiming perspective, VELO is a low-threshold and high-certainty airdrop participation opportunity.
From a project perspective, it does not belong to short-term hot speculative types, but rather to infrastructure + payment network-type protocols. If it gains stronger compliance endorsement and user landing in regions like Southeast Asia in the future, its growth potential should not be underestimated.
It's worth taking the airdrop first, and then continuously observing its ecological direction and on-chain data performance.

The Hardware Acceleration Revolution of InfiniSVM
Solayer is not optimizing at the software layer, but is the underlying force of architectural innovation, moving the entire execution environment to a hardware-designed 'asynchronous collaborative' network. It employs:
RDMA+InfiniBand: Utilizing Remote Direct Memory Access to bypass the operating system's network stack, achieving microsecond-level latency and zero CPU intervention.
FPGA+SDN combined with a scheduler to push down logic for track selection and conflict monitoring into hardware, resolving multi-thread contention bottlenecks.
This means InfiniSVM can handle one million TPS and hundred Gbps bandwidth, completely breaking through the throughput limits of traditional chains.
From single-machine execution to multi-machine pipelines: Truly 'infinitely scalable'.
Its core is not 'L2 speeding', but rather breaking the serial structure of SVM into a 'customizable execution node pool', seamlessly connecting processing units through high-speed links. It is not an 'accelerated version of L2', but a 'new generation chain machine' that completely dismantles chain delays, throughput, and scalability, with hardware achieving 'natural breakthroughs'.
DeFi Slots and High-Frequency Trading
High-frequency arbitrage, flash clearing, and cross-chain arbitrage have a core bottleneck in trading speed and final confirmation time. A 1MMTPS + 0.01s hardware chain can achieve nanosecond-level round calculations, making traders' operational experience even close to the bidding speed of centralized exchanges (CEX). On-chain Game & AI agents used to only support turn-based, latency-based gameplay; now, it has the capability to support real-time 20-person simultaneous connections in an 'on-chain shooting range'. More importantly, InfiniSVM can support millisecond-level interaction systems between Web3 AI Agents, creating a truly on-chain intelligent agent system. sUSD Stablecoin and Payment Card as Scene Implementation Solayer is currently issuing sUSD, launching EmeraldCard, and improving settlement speed through hardware verification, forming a complete closed-loop ecosystem of 'on-chain issuance → on-chain payment → off-chain consumption'. In the short term, this path can drive TVL and user growth while providing a real 'racing lane' for hardware acceleration efficiency.
Solayer's InfiniSVM opens a new era of 'chains alongside servers', it is not about competing TPS, nor digital hype, but building an entirely new hardware trust model at the physical level.
If software chains are 'going to the cloud', Solayer is 'building super servers', pushing the chain to 'restart under server mode'.
#Solayer无限硬件加速

$SOLV
Embracing the Rise of BTC · RWA Propelling a New Paradigm of CeDeFi
As a leader in the BTC space, SolvProtocol has constructed a 'bridge' between TradFi and DeFi by incorporating real-world asset (RWA) income into Bitcoin strategies. A revolution in CeDeFi is unfolding.
1. A New Era of BTC Wealth Management
In March 2025, Solv successfully became the first BTC wealth management strategy manager for Binance On-Chain Yield, achieving an annualized return of up to 3.9%. Users who do not wish to hold coins but want to participate in yield products can obtain real returns through BTC, eliminating many barriers of traditional DeFi.
2. Crossing the Path of 'Bitcoin as Digital Gold'
Solv has partnered with BlackRock BUIDL Fund and Hamilton Lane SCOPE to introduce over $4 billion in traditional asset management yields into Solv vaults.
By adopting Elixir de USD and funding fragment strategies, RWA yields can be output in BTC form with an annualized return of up to 4%—5.3%, combined with nearly 4% base yield, resulting in a total annualized return expected to exceed 9%.
3. Security and Liquidity in Parallel
Solv launched SolvBTC/xSolvBTC, achieving a 1:1 on-chain anchoring of BTC and integrating the Chainlink Proof of Reserve real-time certification system. This on-chain liquidity and trust mechanism provides much-needed confidence backing for institutions and sovereign funds, serving as an inherent guarantee of CeDeFi's execution capability.
4. From Ethereum to Avalanche and Solana
Solv collaborates with partners like Avalanche chain, Balancer, and Euler to produce BTC liquid products from RWA and deploys them on the Solana platform.
As a result, Solv has achieved a 'dual-drive' path of inter-chain expansion and stable RWA yield output, establishing a multi-chain, multi-asset profit ecosystem for BTCFi.
5. The 'Fission Horn' of CeDeFi
Since Solv's collaboration with Binance, its monthly on-chain BTC liquidity has increased from $100 million to $3 billion, with a TVL on Solana exceeding $20 million and active users reaching over 3,500, boasting a retention rate of up to 70%.
Within the community, the voting activity of CrucialDAO has significantly increased, shifting community consensus from 'chasing highs and cutting losses' to 'strategic governance'.
If Solv can continue to output more traditional asset management products in the form of On-Chain Yield and steadily promote cross-chain ecological implementation, it could not only solidify BTC's benchmark position but also potentially become a core driver of the CeDeFi paradigm.
BTC is not just capital, but a carrier of value; CeDeFi is not merely a buzzword, but a system reconstruction that is on the horizon.
#BTC赛道龙头Solv进军RWA

Brothers are blessed, Alpha has started to take action
Binance: The Alpha points risk control system has been upgraded, using bots will be considered a violation
Binance issues a notice regarding violations of the Alpha points bot usage, 'Recently, it has been detected that certain groups are using bots to participate in Alpha activities, undermining the fairness of the Binance Alpha points program. Therefore, Binance has upgraded the risk control system to enhance the detection and handling of such behavior. Any use of bots—including but not limited to scripts, automated tools, or other non-manual methods—will be considered a violation. Binance reserves the right to revoke the Binance Alpha points eligibility of accounts participating in such activities and impose further restrictions if necessary.'
#币安Alpha上新

Lagrange ($LA): A New Engine for Modular Narratives?
Binance Alpha today launched Lagrange ($LA), a cross-chain data verification protocol based on zero-knowledge proofs, designed to address data consistency issues in modular ecosystems.
Analysis:
Lagrange achieves cross-chain data verification through ZK technology, enhancing the interoperability of modular blockchains. Its launch marks a further deepening of ZK technology applications in the modular ecosystem.
Conclusion:
The launch of Lagrange may propel the modular narrative into a new phase, with a focus on its ecosystem development and practical application implementation.
#ALPHA

Today, two tokens launched on ALPHA, here is a brief record.
1. Bondex ($BDXN): A decentralized challenger in the Web3 professional network.
Project Overview:
Bondex is a decentralized professional network platform aimed at reshaping the talent recruitment and career development ecosystem through blockchain technology.
Hold at least 213 Binance Alpha points.
Investment Advice:
The innovation of Bondex lies in combining the professional network with blockchain technology, possessing certain market potential. Investors should focus on user growth on its platform, partnerships, and the sustainability of its token economic model to assess its long-term value.
2. Zircuit ($ZRC): AI-driven zero-knowledge Layer 2 solution.
Project Overview:
Zircuit is a zero-knowledge Layer 2 blockchain optimized with artificial intelligence, aiming to provide scalable, secure, and low-cost transaction solutions built on mainnets like Ethereum.
Hold at least 211 Binance Alpha points.
Investment Advice:
Zircuit combines AI and zero-knowledge proof technology, showcasing strong technological innovation. Investors should pay attention to the feasibility of its technological implementation, ecosystem development, and its competitive landscape with other Layer 2 solutions to determine its market positioning and potential.
#BDXN #ZRC

【Data Indicator Observation: Base TVL Rising, but User Trading Behavior Highly Centralized】
Data Deconstruction:
Base TVL has doubled since March, but 40% of contract calls are concentrated in the top 20 addresses, surpassing Arbitrum during the same period.
The average number of user interactions is lower than Optimism, indicating that 'hotspot-driven' is strong while 'structural retention' is weak.
What does this indicate?
Base is a narrative manufacturing ground, rather than a long-term ecological construction site. Meme + L3 + Friendtech does not represent a solid foundational level for the chain.
🧠Inference: Base's role as a 'trading high ground' will gradually shift towards Blast and Scroll, especially when the latter's narrative turns towards GameFi / AI Agent binding.
#base链

$UNI
Are there any brothers keeping up? I have cleared most of my UNI positions and left a little to keep the brother company.

$XTER I told u!

#币安HODLer空投SOPH is consistent with my expectations, congratulations to the friends who received it, the cost for node buyers is 0.03-0.05, starting linear unlocking over 36 months after 3 months.

On May 28th at 9 PM, Alpha will launch Sophon ($SOPH). To conclude: there is a modular story, funding, a good team, a certain number of users, and support from major institutions. Brothers with Alpha can rest assured, it definitely won't be like yesterday where the whole village laughed at us.
Below is a brief introduction for brothers to use as a reference. Sophon is an entertainment-centered ecosystem built as a modular aggregation using zkSync's ZKStack technology. As a ZK chain utilizing ZKStack, Sophon aims to be tailored for any high-throughput applications (such as AI and gaming).
CEO and co-founder 0xsebastiena joined Sophon full-time in April, previously serving as the head of zkSync DeFi.
Funding Situation:
Binance Labs has invested in Sophon, with the amount undisclosed. Maven11, OKX Ventures, HTX Ventures, Spartan Group, SevenX Ventures, and Paper Ventures have invested a total of $10 million, with over $60 million raised through node sales.
Upcoming Exchanges:
Binance will launch a 50x SOPHU perpetual contract on May 28th at 21:30.
Upbit will list KRW, BTC, USDT trading pairs.
OKX, BingX, CoinW, KuCoin, MEXC, Bitget.
Token Model:
Total Supply: 10 billion (10,000,000,000), of which 57% is allocated to the community (including 20% node rewards, 26% ecological reserves, 9% airdrop, 2% L2 liquidity mining), 25% is allocated to core contributors (released over 4 years), and 18% is allocated to seed round investors (released over 3 years).
Airdrop Plan:
6% is allocated to L1Farmer users, and an additional 3% airdrop to early supporters (Sophon users, ZKsync active users, Sophon-related NFT holders, community contributors, etc.).
During the launch phase, SOPH will primarily be used for the following two major functions:
Paying Gas Fees: as transaction fees on the Sophon network.
Decentralized Sequencer: promoting the decentralization process of the network sequencer through staking mechanisms.

Currently, the OTC price of Sophon is 0.06. Overall, the risk-reward ratio is good, but be aware that as an ERC20 token, the gas fees will be high at launch. Don’t rush to sell, otherwise the kids next door will secretly laugh at you.
#币安HODLer空投SOPH

Benefits are here, brother, blessings

【The "Constructive Silence of DeFi on Ethereum Mainnet is Intentional, Not a Decline】 Many people say that there is no activity in DeFi on the Ethereum mainnet, but it's not that no one is working; rather:
The role of the mainnet has changed to "liquidation/settlement/stable state", while the real experiments are happening on L2.
Technical development is on Rollup, interactions are on L2, and settlements return to the mainnet, which is a typical manifestation of modularity.
My inference:
The TVL of $ETH is no longer a measure of value but more like the ultimate authoritative scale of on-chain status.
A decline in TVL ≠ a decline in vitality, but rather a shift in roles.
The mainnet increasingly resembles an on-chain LayerZero, bearing the function of a global consensus anchor; we should stop viewing it through outdated frameworks.

The number of users for #Port3 has clearly increased recently, with significant growth in on-chain interaction activity, and many old wallets have started to flow back. Did you think you were the only one earning Alpha points?
Wrong! That brother behind you has already started using scripts to grab tasks.
According to on-chain data observation, since May, the monthly interaction volume for PORT3 has increased by over 62% compared to the previous month.
People in the community have also been sharing screenshots of project likes, task activity, and submitted suggestions and feedback.
🧠 So, those who are inactive are observing, while those who are active are already using port3 to earn Alpha vigorously.
In summary:
Port3 is currently the "fast lane for Alpha points," but airdrops only reward those who are prepared.
44267668167 0565256045883073044335

$WCT (WalletConnect Token) has seen a significant price increase recently, currently trading at approximately $0.943, with a daily rise of over 30% and a notable increase in trading volume.
Reasons for the Surge
1. Solana Integration and Airdrop of 5 Million Tokens
WalletConnect announced the integration of $WCT into the Solana blockchain and airdropped 5 million WCT tokens to active Solana users (such as Phantom, Jupiter, Backpack, Solflare, and other wallet users). This initiative has significantly increased the market attention and user engagement for WCT.
2. Exchange Support and Enhanced Liquidity
Since its launch on April 15, 2025, $WCT has been listed on several major exchanges, including Binance, Crypto.com, Upbit, Kraken, MEXC, Gate.io, KuCoin, OKX, Bybit, and Bithumb. The support from these platforms has improved WCT's tradability and market liquidity.
3. Ecosystem Expansion and Incentive Programs
WalletConnect has launched several incentive programs, such as the “Learn and Earn” initiative with 10 million WCT, and the WalletGuide digital wallet directory, aimed at enhancing user experience and security, further driving the ecosystem's growth.
Technical Aspects and Market Sentiment
Price Performance: WCT is currently priced at approximately $0.943, with a 24-hour increase of over 30%.
Trading Volume: The 24-hour trading volume exceeds $500 million, indicating high market activity.
Technical Indicators: Technical analysis shows that the WCT/USDT pair has strong bullish momentum, with indicators suggesting a possible breakout above key resistance levels.
Future Outlook and Investment Recommendations
Short-term Forecast: WCT's price is expected to fluctuate between $0.76 and $0.87, with a potential upside of about 15%.
Long-term Forecast: By the end of 2025, WCT's price may range between $0.65 and $1.25, depending on market sentiment and ecosystem development.
Investment Recommendations: Considering the current market momentum and the expansion of the ecosystem, WCT has certain investment potential. However, investors should be mindful of market volatility, manage their positions wisely, and avoid chasing highs.
#WCT

A funny story, Binance made a big move and worked hard, launching two alpha tokens in one day, $ELDE and $PFVS. The performance of $ELDE during the TGE can't be said to be impressive; calling it mediocre would be generous. At 20:00, #币安Alpha上新 launched another $PFVS, which can be claimed by users holding 204 Binance Alpha points.
But here's the key point: the $PFVS token is issued on the ETH mainnet, and the trading gas fees are something not everyone can bear, leading to a series of funny stories.
The teachers who sold first are in luck.

FDV 30 million, is Port3 underestimated?
Port3 Network is a decentralized AI data network aimed at providing intelligent data solutions for Web3. Its core products include:
AI Data Layer: Standardizing and indexing decentralized Web3 data, enhancing data accessibility and interoperability.
DeCalc: A federated learning platform supporting Web3 growth.
OpenBQL: An AI-driven layer that supports efficient cross-chain interactions.
SoPad: A launch platform that allows users to profit through social influence.
As of now, Port3 Network has over 70,000 daily active users, a total global user base of over 4.8 million, and supports more than 500,000 mobile devices, making it an important player in the decentralized data network space.
$PORT3 Alpha Strategy and Implementation
Strategy Recommendations
Short-term Traders: Given the current neutral trend, it is advisable to wait and observe until clear trend signals appear before acting.
Long-term Investors: Considering the project's fundamentals and future potential, one can gradually build positions during price pullbacks, buying in batches to reduce holding costs.
Market Performance
$PORT3 is currently priced at approximately $0.03459, with a 24-hour trading volume of $258,460 and a market capitalization of about $17.66M, with an FDV of 34.73M.
Potential Returns: Considering the innovation and wide application of Port3 Network in the Web3 data solutions field, $PORT3 has long-term growth potential.
User Perspective and Community Stories
The community activity of Port3 Network is high, with strong user participation. Community members actively engage in the governance and development of the project, driving continuous progress. For example, community members directly influence the platform's development direction by participating in governance proposals and voting. Additionally, users also earn tangible benefits by participating in various ecosystem activities such as staking and task incentives.
🧭 Summary
As a decentralized AI data network, Port3 Network has broad application prospects in the Web3 field. Its core products and technological innovations provide users with efficient and reliable data solutions. $PORT3, as its native token, has multiple uses, including governance, incentives, and payments. Despite facing risks such as market volatility, considering the project's fundamentals and future potential, $PORT3 holds certain investment value. #Port3的AI社交数据层

🧠【WCT In-Depth Review｜#WalletConnect 】
Project Overview
$WCT is the native token of the Web3 connection protocol WalletConnect. WalletConnect currently supports over 600 wallets and more than 40,000 dApps, with over ten million active connections each month, establishing its undeniable position as infrastructure.
Token Uses: Network Governance (DAO Voting), Node Incentives and Staking, In-Protocol Payments and Ecosystem Incentives
WalletConnect's key advantages lie in its network effects and role as a standard setter. Most projects prefer to connect with WalletConnect rather than competitors, and $WCT supports its governance and incentive ecosystem loop.
Future Outlook
Strong Fundamental Support: Web3 Traffic Entry
Level Infrastructure, with Clear Application Scenarios. Short-term pressure after liquidity release from airdrops, but with ecosystem expansion and strengthened governance, there is potential for an independent market trend in the medium term.
Greatest Potential: Unified Cross-Chain Entry Standard. If successful in bridging non-EVM ecosystems such as Solana and Cosmos, its value will far exceed the current stage.
Trend Assessment:
Short-term Fluctuation Adjustment: During the liquidity release period from airdrops, combined with market volatility, prices may repeatedly test support levels.
Medium-term Breakthrough Expectations: If governance proposals, node incentives, or universal wallet functions are launched, the valuation logic can be upgraded.
Long-term Growth Anchor: If WalletConnect continues to dominate the Web3 connection entry position, $WCT will become a protocol-level ticket.
Chip Distribution and Trading Rhythm:
On-chain observations indicate that whale addresses have completed the first round of cashing out; some whales have fled in the short term, but the overall distribution is highly decentralized; trading methods tend to be 'high turnover, low volatility,' aiming to create a stable upward structure and prevent market panic from large fluctuations;
Most platforms use 'ladder orders,' with strong selling resistance during price increases, indicating a heavy intent to control the market.