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The previous bear chain was too complicated. To be honest, the POL mechanism is actually inspired by OHM and can be considered one of the most important branches in the field of liquidity (proof of liquidity). Essentially, it transforms users' liquidity into the protocol's liquidity.
From the perspective of liquidity, Berachain: the entire chain is a PoL super liquidity pool, where everyone is focused on accumulating or reducing returns based on this liquidity, and @InfraredFinance is the hand that 'smooths' this pool.
It has done a few things: Using PoL Vaults to help you access PoL with one click, without having to figure out the rules yourself.
Using iBGT / iBERA to activate BGT and BERA: gaining both returns & governance while still being able to continue engaging with DeFi.
Using iVaults to package strategies like PoL + LP/Pendle/compound interest, similar to the YFI of the past.
The same chips are repeatedly cycled through multiple positions: PoL returns, DeFi returns, governance rights, you can enjoy them all, and the benefit here is the compounding around liquidity.
Of course, this is not without risks. The risk is whether you think BERA will continue to decline. It is known that the BERA team's large unlock is next year. I estimate that after a potential drop, it may really hit the bottom. For POL to take off, it definitely needs price momentum; otherwise, this pool cannot operate like a flywheel.
Okay, back to Infrared. It is currently the default entry point for Berachain: PoL vault coverage exceeds 80%, controlling over 35% of BGT emissions, approximately 1/3 of BERA staked, with a peak TVL exceeding 2 billion USD; it has secured Framework as an investor, integrated BitGo with iBERA, and is also in talks with institutions like PayPal for cooperation.
You can abstract Infrared as the infrastructure of this pool, comparable to the front-end operations of basedapp and hyperliquid. If BERA is to rise, keep a close eye on Infrared's data.
Aug: from zero to hero szn Sep: I was born for this shit Oct: just a healthy correction, send it Nov: Hi welcome to McDonald's, can I take your order?
Aug, this time I must cross the class barrier, it's finally my turn Sep, I am truly a genius trader, I was born for trading coins Oct, the correction is just right for leveraging Nov, hello, here is your McDonald's takeaway.
💙💛Tintin deeply analyzes the x402 protocol for you💛💙 Part 1.
Hey guys, you should be seeing the x402 everywhere by now.
x402 is an AI proxy payment standard based on the HTTP 402 status code, jointly launched by Coinbase and Cloudflare, supporting instant transfers in USDC, backed by Visa and Google.
It went live in May 2025, and on October 24th, it gained immense popularity due to a 25% increase in Base chain TVL and a 456% surge in the $PING meme coin. Even @Binance Wallet listed x402 in their wallet yesterday.
However, let’s not worry about meme coins and incomprehensible terms!
Tintin will explain the x402 protocol from basic to advanced.
After all, who knows, it might even help your AI set up a date with Tintin.
1. What exactly is it? In simple terms
x402 is essentially a “Alipay” system designed for the AI era.
Imagine this: you have your AI assistant help you book a restaurant for a date with Tintin. After the AI finds a restaurant, a payment QR code pops up on the website, but it can’t pay because it doesn’t have an Alipay or credit card account; it still needs to go through you—this is what x402 aims to solve, enabling AI to conduct autonomous payment transactions.
It utilizes the 402 Payment Required status code in the HTTP protocol, allowing AI to pay directly with USDC via QR code.
The core of x402 has three points:
AI's electronic wallet: enabling AI to have autonomous payment capabilities Seamless payment: no registration, no password, pay with a click Micro-payment revolution: extremely low fees, suitable for transactions of just a few cents
This solves the last mile of the AI economy—allowing virtual AIs to spend money in the real world.
2. Why has it suddenly become popular now?
Although it was released in May, the real explosion concentrated in the 48 hours of October 23-24:
October 23: Top venture capital firm a16z released a report positioning x402 as the payment cornerstone for the future $30 trillion AI economy. October 24 morning: Coinbase launched Payments MCP, enabling AI like Claude and GPT to truly use x402 for on-chain payments. October 24 afternoon: Market enthusiasm surged, Binance wallet @Binance Wallet launched an x402 section, providing access to billions of users.
It’s like: big players call the shots → actual implementation → market enthusiasm surges; it’s hard not to get popular.
That's it for today!
Next, I will share with you how the big shots view x402? What are the risks and opportunities?
How Chinese Whales Trader Bagged 250K USDT in Just 4 Hours On $SLERF
Hey, Fam.
You probably saw $SLERF flying on OCT 18. Chinese whale traders pulled off a clean 4x, each walking away with over 250K USDT.
Let's break it down and learn Chinese crypto wiz Tintin!!
1/The Setup
While most overlooked slerf after its delisting announcement.
Some Chinese whale trader noticed a unique setup.
2/ The Timeline
> Oct 16 08:00 UTC OKX announces delisting and halts deposits/withdrawals. slerf is now trapped on the exchange.
> Oct 18 03:58:51 UTC Binance announces delisting slerf futures. Attention shifts.
> Oct 18 04:55 UTC @熬鹰资本 spot the critical divergence: 1. On-chain liquidity pool: $20M 2. OKX spot volume: only $180K
They accumulated at the OKX spot bottom of ~$0.06 and recognizing that minimal capital could move the illiquid market. Simultaneously, they deploy long contracts on Binance futures to capture cross-exchange momentum.
> Oct 18 05:03 UTC @熬鹰资本 shared the find in tweet. 15min later, the $SLERF price rocketed from $0.11 to $0.43.
3/Their Cross Exchange Oracle Arbitrage Strategy
>Scaled in at $0.06.
>Took first profits at $0.07.
>Revealed the play at $0.11, triggering the Chinese FOMO pump.
>Fully exited between $0.30 - $0.40.
They bought the illiquid OKX spot market, pumping the price. Binance's futures use the OKX spot price as an oracle reference. As the OKX price soared, it dragged the Binance futures price up, allowing them to profit from their pre positioned long contracts.
A disciplined take profit strategy, maximizing gains at each stage of the pump.
Disclosed PnL from this move alone: >$250K.
/FINAL PART
OKX Reopens Deposits/Withdrawals
This destroys the liquidity island. Arbitrageurs act fast: >>Buy on-chain (~$0.066) >>Deposit to OKX >>Sell instantly on OKX (~$0.40+)
>Immediate Effect A market-driven sell tsunami crushes OKX spot price.
>Comprehensive Outcome Feedback loop on Binance is cut. Both OKX spot & Binance futures collapse.
Arbitrage power + market forces = delivered the final