The wave of media personalities opening accounts associated with altcoins has subsided, and the "holy fathers" and "holy mothers" of the crypto world have reclaimed their favored children. It seems nothing happened; media personalities don't need to take responsibility for the massive altcoin dumping, and exchanges don't need to pay the price for the complete damage to the industry's image. Reflected in the media landscape, KOLs are generally extreme and band together. Behind Kaito's glamorous departure and the Agency's subtle profit-taking, BNB cheaters and everyone else are clashing, ultimately leading to a farcical internal war.
All that's left is noise
“Beyond information asymmetry and consensus, all that's left is noise.
Since the advent of Bitcoin in 2009, the history of cryptocurrencies has been a perfect Pareto curve. The early lucky ones amassed immeasurable wealth, and all the actions of later entrants revolve around them in cyclical movements.
“Zhongdeng: A kind of creature who fantasizes about directing others to implement ideas because of the structured superiority granted by their age and organization.
Asset holders are becoming old Deng, opinion disseminators are becoming middle Deng, leaving only Xiaodeng bewildered in the wind.
If Perp DEX is already on its way to replacing CEX, then to replace the current information market, information market makers must at least know where to work.
Eliminate the old, the ones who should be eliminated are Binance's parents and children's group and Xu Mingxing, who should step down to the second line to hold coins and earn industry Beta benefits.
Introduce new people to allow RWA Taking the overseas embrace as an opportunity, there is a great need for financial professionals to step in and connect information and funds. The Easy Mode of reforming mechanisms and distributing project information in groups will not bring incremental growth; it either requires the ability to discover new assets or it will transform into a pyramid scheme and go offline. Faced with the powerlessness of AI and the confusion in the industry, we need to establish a sense of mission as founders. Simply connecting exchanges and project teams for business transactions is meaningless for trading volume. Friends of altcoins (crypto media professionals) do not possess much information analysis ability; they have the inertia of media branding. While early riches like Lao Deng have absolute capital advantages, they do not necessarily have stronger capital operation capabilities; their capital scale masks their clumsiness. The exit of whales behind Yi Lihua and Peter Thiel's departure during the DAT downturn both demonstrate the crucial importance of early-mover advantage. You can make mistakes repeatedly, but early low-cost accumulation will save you time and again. In the information market maker framework, any content surrounding current hot topics and figures is merely a clue; the undercurrents are what the media should dig into. If the media lacks this discovery ability, it's suggested to watch pretty girls on Douyin (TikTok). Following the great path pioneered by DeFi, professional market makers must first be AMM-ized before evolving into further professional CLOB Perp DEXs. In other words, every individual should treat media as a complementary business. It's not that KOLs should take the CPA exam, but rather that CPA holders should become KOLs. The next step after information matching is capital matching. Conclusion "The crypto world is an economic history measured in light-years." From everyone profiting to everyone going to extremes, it's only been a little over a decade. No money has been made, and the shame of working in the industry is growing daily. With money being engineered into stablecoins and AI being engineered into computing power, information shouldn't remain in the manual stage; everyone's participation must be mobilized to attract capital. The hierarchical structure of a few big KOLs and a majority of small retail investors cannot bring the new user growth that exchanges are so eager for. Hopefully, a super information market maker will emerge in 2026. "Mom and Dad, love me again" is too abstract. The abstractness doesn't lie with the child; the child will only imitate. Parents are the primary caregivers. Don't become Wang Lin or Epstein; become the Peter Thiel or Lü Buwei of the new era, always hoarding the rare commodities of the next stage.
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