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BITWU
Bitwu 星球唯一账号! x.com/bitwux
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This is much more convenient now:
XLayer's USDe is now natively launched, but the main anticipation is still for the upcoming staking and one-click revolving loans. Once native, there will be no need to go cross-chain to earn yields, which is so troublesome.
I think the future competition among public chains may lie in who can make generating yields efficiently, simply, and securely the product entry point. XLayer, simultaneously working on compliance and being the best entry point for assets, is a good choice.
Messi here with an update: USDe has officially launched natively on X Layer now~ Holding and trading are all set up for everyone on X Layer!
Next, we will support USDe staking and one-click cycle earning strategies, making it easier for everyone to explore capital efficiency strategies.
From asset availability to strategy entry points gradually improving, X Layer is continuously connecting more on-chain use cases to make capital flow smoother 🫡
Created a daily crypto research dashboard mainly for my own study and exploration, updated before 8 PM every day, free for everyone to use, help yourself!
One-stop overview of the day's crypto market highlights 👇
Mainly includes:
1️⃣ Morning report: market data such as ETF fund flows, prices, funding rates, etc.
2️⃣ Hot topics: topics worth paying attention to today
3️⃣ X Hot Post List: the most popular posts in Chinese and English communities
4️⃣ Midday research report: fund flows, macro, derivatives, and important schedules
5️⃣ Evening highlights: new developments in the evening Updated before 8 PM every day, past content can be found in the archive.
Shared for free with everyone, but does not constitute any investment advice.

Does this mean Gate @Gate_zh has already obtained the ticket to enter the US regulated derivatives brokerage market?
According to official news, Gate (the main entity of Gate Future) has previously obtained the United States Introducing Broker (IB) qualification and signed a prediction market cooperation agreement with relevant partners. Currently, Gate is advancing the technical integration and development of the product, planning to launch prediction market services in the United States, with the earliest launch by the end of 2026.
This news really made me laugh——
A 60-year-old man took a social security loan, borrowing 82,000 to make up for social security payments.
I have to say, the financial derivatives in modern society are truly abundant!
I checked and found that Jingmen, Hubei also has this product, and the promotion at the time directly called it a "win-win for all three parties."
The social security department received the payment, the bank made it into a loan, the common people ended up with a debt, and then they tell you this is a win-win for all three parties. 😂
It's so damn abstract……
Now that I think about it, financial innovation really is a good thing.
Can't afford a house, there's a mortgage.
Can't afford a car, there's a car loan.
No money to consume, there's a consumer loan.
Now you can't even afford retirement payments, so there's a social security loan.
Yeah, great, just keep lending and passing it on endlessly! 😂

It seems everyone is still very concerned about Tencent, and many people probably bought this asset.
Yesterday, I asked if it was a good time to buy Tencent, and the comment section immediately exploded with 50 replies!
Looking back, breaking 400 is not just Tencent's issue; tech stocks are collectively plunging:
1️⃣ When I took the screenshot, Tencent was at HKD 384, and the five-day chart showed a drop from over 420 down to around 382, with today's price still around there;
2️⃣ On the same day, the Hang Seng Tech Index fell more than 4% intraday (according to market summary), and it was reported that the Nasdaq closed down 2.6% that evening, with Meta raising spending forecasts and AI-related cash burn concerns spreading across the board;
3️⃣ At the time of the screenshot, the price-to-earnings ratio TTM was 12.88, which looks very cheap.
I estimate that AI and tech stocks will adjust for a while. It's true that prices are cheap now, but cheap doesn't mean the bottom has been reached. I suggest everyone be patient.
Let's wait for Tencent to hit around 300!
On-chain options trading volume still accounts for less than 1% of perpetual contract DEX volume, while traditional market options trading is about three times that of futures.
In the crypto space, options are actually less popular; retail traders have become more demanding, and the appeal of options is far less than that of perpetual contracts.
This creates a very interesting paradox:
To attract hedging capital, on-chain options first need sufficient liquidity and cheap pricing;
But to generate liquidity, continuous trading demand is required, and the most active speculative capital has already been drawn to perpetuals.
As a result, speculators find options inconvenient, while professional institutions complain about poor liquidity in on-chain options, pleasing neither side.
So the question arises:
Do on-chain options still have a future? 😂

The major drop in the US tech sector dragged down the crypto market; bitcoin:native $ETH also retreated in sync.
SoFi launched tokenized deposits insured by deposit insurance, adding a new research direction to the stablecoin competition.
BTC's ETF fund performance has improved over the past five days, but the price remains under pressure.

Yesterday I dug up a stock account that had been forgotten for many years and found there was still 30,000 yuan inside.
Too lazy to withdraw it, I blindly bought two shares, and today I got schooled!
Tom Lee said: The market is in a sell-off state, technology and semiconductors are under heavy pressure, and support levels have been reached.
I decided to listen to Tom Lee, eat some hot dry noodles with an egg peacefully, and wait for next week to get me out of the hole!




