Blockchain

Authored by a core Biteye member, this article offers a deep dive into the logic and market dynamics behind the emergence of Web3 KOL Round fundraising. It uncovers the conflicting interests among project teams, KOLs, and retail investors in a capital landscape driven by user traffic. The article analyzes cases where both earnings and risks are present and explains how agency institutions operate behind the scenes. The piece highlights that as venture capital influence declines and market dynamics become increasingly focused on reach, the KOL round has become both a narrow entry point for individual investors into the primary market and a high-risk investment opportunity with both potential rewards and significant risks.

MicroStrategy (MSTR), a typical example of a "Bitcoin treasury company," recently encountered a structural arbitrage on Wall Street: renowned short-seller Jim Chanos achieved an estimated profit of around 100% by shorting MSTR while going long on Bitcoin (BTC). The article provides an in-depth analysis of his trading logic, the reasons behind the deterioration of MSTR's Bitcoin net asset multiple (mNAV), and how this strategy exposes pricing discrepancies at the intersection of crypto assets and traditional finance.

$PING surged 50% following the launch of its x402 protocol-based emission platform, c402.market. This platform enables automatic trading pairs between all new tokens and $PING, transforming $PING from a meme coin into the foundational currency of the x402 ecosystem. The article examines c402.market's mechanism design, incentive structure, and associated risks, and discusses how the x402 protocol could ignite renewed speculation in the “asset creation” narrative.

Why is the crypto industry stuck in endless development cycles? This article reveals the core paradox: rapidly shifting trends, shrinking funding, and scattered focus make it nearly impossible to build lasting projects within 18 months. Teams constantly pivot instead of completing, stifling real infrastructure growth.

ZEC prices are climbing, bringing renewed attention to privacy narratives. The privacy sector is undergoing a major transformation, rooted in the cypherpunk spirit and driven by breakthroughs in zero-knowledge proofs, MPC, TEE, and FHE technology. This article offers a thorough review of key infrastructure projects—including Nillion, Zcash, Monero, and Railgun. Additionally, it examines consumer-facing applications such as Hibachi, NilGPT, and Umbra, and provides an in-depth analysis of advancements in crypto privacy technology and emerging investment opportunities.

The article not only reviews the history of Bitcoin but also analyzes its evolution in finance and socio-culture, as well as the challenges it faces in the future.

The article not only details the core functions and advantages of Canton Network but also delves into its applications and progress in various fields such as tokenized assets, payments, verification and security, as well as interoperability.

Through 50 firsthand projects ranging from meme coins to large-scale initiatives, the author delivers valuable insights and practical techniques to help readers avoid common pitfalls and increase their chances of success.

MOCASTR offers a robust base of assets and a strong community. City Protocol's IP strategy module provides direct funding and market momentum into the Mocaverse ecosystem.

The article not only explores the changes in trading volume and liquidity of CEX and DEX but also analyzes the rapid growth of perpetual contracts in DEX and their impact on the market.

A pair of brothers turned $50,000 in initial capital into $50 million in just one year by sniping altcoins on DEX. This article details their complete journey from novices to professional snipers, including how they monitored the mempool, deployed high-performance nodes, and engaged in smart contract arbitrage to achieve immense wealth.

Zcash (ZEC) has surged 700% in just two months, reigniting enthusiasm in the crypto privacy sector. This article analyzes Zcash's technological breakthroughs, its integration with NEAR Intents for privacy, the optimization of the Zashi wallet, and its market performance surpassing Monero, exploring why privacy has returned to the core of the crypto narrative.

The article notes that while the x402 protocol is currently gaining significant adoption, the ERC-8004 standard—its complement and potentially more impactful counterpart—is emerging. It analyzes the relationship between the two protocols: x402 addresses payment challenges for AI Agents, while ERC-8004 focuses on Agent identity, reputation, and verification. The article indicates that ERC-8004 may represent a foundational infrastructure opportunity for the next phase of the Agent Economy.

In Q3 2025, the NFT market posted $1.58 billion in trading volume across 18.1 million sales transactions. With speculative activity waning and infrastructure development surging, utility-driven assets have emerged as the primary growth engine. From low-cost minting to sports and ticketing solutions, and platforms mandating royalties, NFTs are transitioning from a collectibles-based economy to a utility-driven one, marking the start of a new era of practical applications.

As speculative sentiment declines in 2025, a distinct group of winners remains in the crypto market. Rather than trading coins or chasing market trends, these individuals consistently earn stable returns through arbitrage. This article, based on in-depth interviews with four arbitrage professionals, reveals the evolution of their strategies: from manual trading-based arbitrage to high-frequency quantitative trading, and from airdrop harvesting to cross-chain arbitrage. Their experiences demonstrate a more measured and pragmatic approach to achieving sustained success in the cryptocurrency industry.