🧮Actually, I didn't want to write about this project @SuccinctLabs, and the reason is simple: The project background is great, whether it's financing or technical capabilities, but this also means that the angles for market promotion have basically all been covered by others. I don't have a good angle to think about and write this article; whether it's the testnet tutorial, the impressive technical aspects, or financing and team details, everything has already been discussed by others. Even after Kaito, I didn't write anything; I can't just force content for Yaps. ➡️However, I want to write about this project today, and the reason is also simple: 1. Its token $PROVE has been listed on Binance, which is not surprising at all. This financing, along with the backgrounds of Pparadigm and Robot, definitely comes from top-tier sources. 2. Succinct can break the "ZK is useless" theory, and it has become a feature that is as essential as BTC ecosystems and NFTs. 3. I've always been optimistic about this sector. If you look at my Twitter, I've actually written about many ZK projects before. I've explored and researched all the decent ZK projects in the market. I have indeed been disappointed before. But today, Succinct has reshaped everyone's understanding of ZK technology, prompting people to reassess this sector and reconsider its value for Web3. Of course, value isn't just something you say; being listed on Binance is merely recognition from an exchange and doesn't represent the true product value. 📊So I went to dig up some data related to the entire product, adhering to the principle that data comes first. 1. The TPS improvement brought by technical advantages: it can increase TPS to over 10,000, which will truly provide underlying technical support for the large-scale adoption of Web3. 2. Over 5 million proofs + 35 protocol integrations: as the product market expands, I believe this data is just the beginning; 10 million or even 100 million proofs are just around the corner. 3. This is the future revenue expectation, which is actually linked to the second point. I searched and found that revenue is calculated based on proofs, and as collaborations increase, the revenue will continue to grow. 📒Of course, the most important thing is the previous technical issues. Previous ZK products had a higher threshold and higher requirements for developers, which essentially slowed down the speed at which ZK products could be launched, thereby limiting the influence of the entire sector. Succinct creatively proposed P1 zkVM + Prover Network, allowing developers to quickly access ZK. This lowers the threshold for ZK products ➡️ ZK products flourish everywhere ➡️ User participation increases ➡️ Continues to encourage B-end ZK product growth ➡️ User growth continues. This forms a virtuous cycle. 📖Another important compliance factor. I guess many people haven't noticed this, and I stumbled upon it. In a recent White House digital report, many popular sectors and tokens were mentioned, but ZK was also included. This is very good news for Succinct, representing that mainstream political circles in the U.S. see the value of the ZK sector. Then I dug a bit deeper, and I personally think Succinct can be considered an American project. This means that if the U.S. government needs ZK technology in the future, Succinct, as a local team with top-notch ZK technology and a solid background, could be the first project to gain recognition and collaborate with them. 💭Just to imagine: 1. Participating in some meetings with high-level U.S. finance. 2. Collaborating with WLFI to become its reserve currency token. 3. Providing ZK proof services as required by the U.S. government. All of the above are possible. 💬Finally, I want to say a few words: I hope Succinct can become a benchmark in the ZK sector, leading this sector to truly become a giant comparable to the DeFi and AI sectors. The era belonging to the ZK sector is slowly unfolding under the leadership of Succinct. With the launch of Prove, the value of the entire ZK sector is now being showcased, and the token price reflects the sector's value. I look forward to a good performance. One more important point: everyone should not focus on the price fluctuations; what I see more is the long-term value that Succinct brings to the entire sector: the leader of the ZK sector, large-scale access (B-end + C-end), and long-term token development.

The micro-strategy for $WLFI's Web3 has begun, with 2 million tokens purchased off-market. This is just the beginning. I calculated that the total supply is 100 billion, with 5% in circulation, which is about 5 billion. Since the circulation is very low, any tokens that enter circulation may see a significant increase in the early stages. Assuming a market cap of 10 billion USD, that means only 500 million USD is in circulation. This 500 million figure is definitely low compared to the status of President Trump. There is still room for further valuation. For BSTR, which holds it as a reserve asset, expectations can also be raised. It is said that @worldlibertyfi will have its TGE this month? The time won't be long, but let's wait and see. ➡️ By the way, future treasury earnings will be distributed based on holdings 😍 For the first time in Web3, there is a lot of anticipation for dividends.

This round of rebound may come to an end around August 8, and it is no longer appropriate to blindly chase higher in terms of rhythm, especially in the context of the gradual intensification of structural differentiation. ETH took the lead in breaking out of the breakout market, continuously crossing multiple ranges, and has now reached 3680, and if it continues to be strong, it may still hit the previous high near 3860 in the short term. Meanwhile, BTC has lagged significantly and has yet to form a trend confirmation. Even if ETH continues to rise, BTC's sense of participation may still be limited. The rebound enters the end, pay attention to controlling the rhythm, and do not be misled by the local strength. #ETH #BTC #CryptoStrategy #加密市场 #行情分析

Here comes @Sidekick_Fdn Countdown to @Sidekick_Labs on the top exchanges We can see the next phase of #LiveFi As an independent new track What is a suitable benchmark? Stablecoin ENA, Dex Uni, or RWA Ondo?

I checked my ranking today, and I should be stable in the top 10. There aren't many teachers left to claim their rewards. Teacher @yueya_eth is still firmly in first place; I don't think anyone can shake this position. Teacher yueya has been in first place for a long time, and it has always been this way. 👍 However, there are a total of 5 teachers from the Chinese-speaking regions in the top 10, which is quite impressive. Tomorrow we can claim again, so everyone remember to set an alarm to claim. ➡️ A few days ago, the official emphasized the value of this score for opening trading, which directly counts as trading balance. ✅ Waiting for a wave of the Q4 quarter token issuance plan in collaboration with Near. It can also be seen that perhaps the official product launch is in Q3, and the token-related aspects are in Q4. ⬆️ I will choose the right time to buy the dip and continue to be bullish on $BTC, $SOL, and $BNB. As a firm bull, there should still be one more wave this year. Never give up, never abandon — I am Xu Sanduo of Web3. I hope Web3 won't abandon me either 🐶 ↗️ Looking forward to being in the top three on the official Twitter tomorrow. The teachers ahead can claim later, so I can get mentioned in the top three by the official Twitter 🐶

Sui has been consistently pushing the market, and some individual projects in its ecosystem have also listed on top exchanges, but the large-scale ecological flywheel has yet to take off. @Aptos @AptosLabs @MovemakerCN have been continuously building, with chain data and ecosystem scale steadily growing, but the community's voice does not match the intensity of the construction. The two are taking completely different paths: If we compare them to martial arts masters, Sui is like someone who has been honing their external skills, while Aptos focuses on strengthening their internal skills. ➡️ But I believe: both internal skills (ecosystem construction) and external skills (consistent market pushing) are equally important. After all, just pushing the market will eventually lead to a crash, leaving a mess behind. Just building without pushing the market lacks a wealth effect, and no one will come to participate, so it will just be for fun. However, I am a firm holder of $APT and a supporter of the Move language, requesting the official to push the market, hahahaha. The above statement is purely because I am a holder, and I hold multiple ecosystem tokens. This article simply introduces a few to everyone. ➡️ To be honest, as a supporter, I feel there is still room for improvement, and I can only say it's a case of picking the tallest among the short ones. I have selected a few that are quite good, participating in a wave to avoid missing out. 1️⃣ $ECHO has listed on Binance Alpha, with a market cap of only around 4 million, but a TVL of 600 million, which is quite a gap. What I dislike is that ABCDE actually invested in it, sigh. 2️⃣ $RION, a favorite, has listed on Binance Alpha, with a market cap of around 10 million. If we talk about hope, this one has the most potential to list on major exchanges, and there’s also @shelbyserves, but this project is a bit new, so even if they issue tokens, it might take a while. 3️⃣ $THL, this token has listed on Gate, with a market cap of only around 6 million, and a TVL of just over 100 million. I had high hopes for this token back in the day; it’s a solid old coin, set to issue tokens in December 2023. I had high hopes back then, and it hurt me quite a bit, so I’m preparing to "give a good horse a second chance" and try again. 4️⃣ $AMI, with a market cap also around 600 million, and a TVL of about 120 million, can also be worth a look. 5️⃣ A few projects that haven’t issued tokens yet are worth following: @EchelonMarket and @AriesMarkets. These two projects are quite good. The above judgments are based on the expectation of new highs after this wave of corrections. If it continues to drop, I suggest exploding on the spot and liquidating. Web3 players are still very realistic. It’s all about making money; when money comes, good products will naturally follow. ➡️ When products are used, product data will naturally grow ➡️ Data growth will ultimately feedback to the token price. Continue to repeat the flywheel process. This is the best narrative for a good public chain and ecosystem. I look forward to seeing the day when the Aptos ecosystem is massively listed on top exchanges, just like witnessing the glory of BNBChain and Solana back then. "Ye Gucheng" and "Ximen Chui Xue" are battling fiercely on the city tower; who do you think will win this decisive battle concerning the leader of Move? Martial arts techniques are not about good or bad; the combination of both is more powerful.

Recently, many KOL agency owners have been discussing that running a KOL agency is a thankless job. Is it true or not? I, a novice, have just entered the KOL agency field with Snowball, and we also have collaborations with top-tier projects. Based on my personal experience in the KOL agency over this period, I would like to share some so-called insider information and correct some misunderstandings about KOL agencies. Is a KOL agency a "black intermediary"? Many people commonly think that KOL agencies take a budget from the project side, take a cut, and then give the rest to the KOLs, thus earning profits. This practice is colloquially known as a black intermediary in the industry. Indeed, some black intermediaries take too much, and we should resist such industry chaos. However, those who genuinely run KOL agencies primarily rely on service fees from the project side as their profit source. The budget given to KOLs is transparently priced to both the project side and the KOLs; the agency takes a cut based on how many KOLs they provide to the project side. So how is the service fee charged? Generally, the service fee for KOL agencies ranges from 20% to 30% of the project’s promotional budget. For example, if a project has a promotional budget of 20,000 USDT, then the agency would receive 4,000-6,000 USDT as a service fee. Of course, each agency has different charging models, so there will be variations. There are also some agencies that take a cut from the KOL's promotional budget without charging a service fee. From my personal experience, this is easy to identify. First, look at the project. For well-known projects, such as those backed by top-tier firms or leading VCs, the project side will generally seek to collaborate with agencies that have a good reputation and extensive resources in the industry. These projects typically look for KOLs who are mid-tier or top-tier, especially top-tier KOLs, who have transparent pricing that everyone in the industry knows, making it difficult for them to take a cut from the KOL's budget. To be honest, project sides are not foolish, especially since many project sides have their own BD teams gradually creating KOL accounts, and they are present in almost all major KOL groups. Therefore, top-tier projects do not engage in profit-taking, and these top-tier projects often collaborate with agencies on long-term packages; no one would risk offending others for such small profits. So, what type of promotional projects are likely to encounter so-called "black intermediaries"? Projects that are low-quality, where the project side is foreign, and where the project side is naive and has a lot of money with simple demands like copying and pasting ads. The project side may not be working with a professional KOL agency but rather with a specific KOL or a small intermediary. Because foreigners or some project sides that do not understand the industry lack the ability to discern KOL influence, to put it bluntly, if you create an account with hundreds of thousands of followers and use a bunch of fake accounts to boost likes, comments, and views, these project sides will believe you are a top influencer in the Chinese-speaking area. Generally, in such projects, intermediaries take a cut and often pay 10-50 USDT to the KOLs, and there are 3-4 layers of small intermediaries below, each taking a cut, leaving very little in the end. This creates an internal competition in the industry, and many KOLs often criticize so-called fake follower groups. From the agency's perspective, everything that exists is reasonable. Many project sides often need these groups. For example, some low-quality projects that have not been listed on exchanges and have not received funding cannot afford a large promotional budget. They are not looking to gain users through promotion; they just want to create some buzz. Therefore, with limited budgets, they can only seek out these groups. Recently, Master Pang @kiki520_eth posted a tweet about KOL income that sparked a lot of discussions. In fact, many so-called group incomes are really not low. From what I understand, some groups have 10-20 matrix accounts and receive 10-100 USDT for ads daily, averaging 5-6 ads a day when things are good, not picky about projects or fees, just taking what they can get. All accounts combined can earn tens of thousands of USDT each month. However, some KOLs with good traffic and content value their personal brand and image, so they are more selective about the ads they take, resulting in significantly lower income compared to these groups. As a KOL agency, this business is indeed labor-intensive and requires immense patience and high emotional intelligence. To be honest, both sides are like parents. The project side is a parent, and the KOL is also a parent. If a KOL agency is very arrogant, it only shows that they are not well-connected in the industry. Although Snowball has just started as an agency, we have also connected with top industry leaders and projects. To be honest, top projects carry a sense of superiority, just like exchanges; mentioning Binance brings respect. Moreover, many agencies and KOLs actively seek to connect with these top-tier projects. After all, collaborating with top-tier projects can elevate one's level. Furthermore, top-tier projects are very selective about KOLs, generally only seeking the best. Top KOLs are currently the most powerful magnets in this circle. Retail investors' liquidity and traffic are largely dominated by top KOLs. So every time we connect with top-tier projects and KOLs, we maintain a humble and friendly attitude, hoping to help the project side successfully complete their promotions while also eager to build good relationships with more excellent KOLs. I believe the essence of a KOL agency is a mutually beneficial business. Of course, this business is indeed labor-intensive; the communication work in the early stages accounts for 99% of the difficulty of this business. Therefore, I deeply understand the challenges and grievances that many KOL agency owners face during their work. As a newly established KOL agency, I hope to make friends with more excellent KOLs. I believe that the most valuable asset in the future of the crypto space will be KOLs. CEX, DEX, DeFi, GameFi, AI, RWA—these sectors may be eliminated, but industry KOLs will continue to emerge like bamboo shoots after rain. People are the greatest wealth; respect to all teachers. I hope everyone can support me more; I am very grateful 🙏🙏🙏.

Starting from the mainland, using the surrounding areas as a starting point, gradually exploring the use cases of stablecoins worldwide and the opportunities hidden behind them. I actually don't want to mention Luna and UST, but when it comes to stablecoins in South Korea, Luna's peak is an unavoidable milestone (if it hadn't collapsed). The main reason I mention Luna is to highlight how much support South Korea has for Web3 and how much market recognition there is. A few days ago, I watched Squid Game 2, and as long as the background is set in recent years of South Korean film and television: cryptocurrency is a term that appears quite frequently. All of this proves that South Korea actually has inherent advantages for stablecoins. A high user adoption rate means that when stablecoins are issued, it is easier to open up the market. A high level of compliance means that while other countries may take years or even decades to achieve compliance, South Korea can complete it quickly. Most importantly: after Lee Jae-myung was elected president, he promised to promote a stablecoin market pegged to the Korean won to prevent capital outflow and enhance national financial sovereignty, and he also pushed for the release of the "Basic Law on Digital Assets." Among influential countries, the United States and South Korea should be the only two openly supporting stablecoins, right? However, of course, there are many people in South Korea working on stablecoins; which ones can actually make it? Actually, there's no need to list them because it's simple: aside from those traditional Web2 companies that are researching stablecoins, there is only one Web3 project in South Korea that is implementing stablecoins: @KaiaChain. Unlike Hong Kong, which is still in the regulatory implementation phase but has not yet launched products, Kaia in South Korea has not only completed the compliance process but has also been practically implemented. (On this point, it must be said: South Korea's Web3 development is indeed leading in Asia, while Hong Kong is slightly lagging behind.) 📒 Relevant information about its stablecoin: Users can complete KYC directly with their passports, with no complex certification requirements (currently only overseas users are allowed, but support for Korean users will be available within this year). ✍️ Web2 applications: mainly divided into two aspects. 1. One is offline: this stablecoin can be directly exchanged for Korean won (an enhanced version of the Alipay free exchange function) and can also be exchanged for 85 other fiat currencies (not only usable in South Korea but also in other countries). It also supports direct use (for example, transportation cards, Lotte Mart physical stores, N Seoul Tower, and other popular tourist spots). In terms of offline physical scene applications, Kaia is ahead of the world; currently, the stablecoin offline payment in the U.S. is not as developed. 2. The other is online: yes, you read that right. It's not about Web3 integration, but rather Web2 online integration. Kaia has integrated payment channels with LINE and KakaoTalk, opening up relevant stablecoin payment scenarios. Together, they have 250 million users and a GMV of 400 billion USD, maintaining an annual growth rate of about 20%. If you're not clear about the huge conversion value, you can look at WeChat, which used social interaction as a breakthrough to help users form payment habits. Nowadays, its market share is almost on par with Alipay, which specializes in payments. 📖 Web3 applications: In addition to Web2 scenarios, on-chain support is also essential for on-chain stablecoins. This is mainly divided into external cooperation and self-support: 1. Self-support: Kaia uses mini-games as a hook and has already attracted over 65 million users on the LINE platform. These users are all strong supporters of future stablecoin usage. On-chain data is also outstanding: currently, the number of new wallets created on Kaia has exceeded 100 million, with on-chain active user growth exceeding 280%, reaching nearly 9.5 million. This stablecoin has already supported many on-chain scenarios such as payments, DeFi, and cross-border transfers. 2. External cooperation: Not only on-chain, but Kaia has also made many layouts at the user entry level in exchanges and wallets: Currently, top exchanges like Bitfinex, Bybit, and Gate have integrated and support the deposit and withdrawal of Kaia stablecoins. In terms of wallets: commonly used wallets in the market such as SafePal, TokenPocket, and Bitget Wallet have also supported display and usage. 🛫 What is currently being done Of course, the USD stablecoin is just the beginning; the longer-term goal is the KRW stablecoin, and Kaia has already started laying the groundwork in this area. Just today, Kaia, in collaboration with Tether, KakaoPay, LINE NEXT, and Ratel, held a KRW stablecoin marathon competition with a prize of 10 million KRW. This stablecoin competition will feature a keynote speech by Min Byeong-deok, the architect of South Korea's "Basic Law on Digital Assets," which also indirectly shows how deep Kaia's relationship with the South Korean leadership is. Of course, the hackathon is just a rehearsal; the strong underlying infrastructure is essential to encourage B-end stablecoin builders to participate in construction and C-end users to adopt it on a large scale. And this is clearly one of Kaia's advantages: whether it's the instant confirmation of underlying transactions or the Gas proxy and account abstraction functions, they all lay a solid foundation for large-scale adoption at the product and technical levels. 🆚 Comparison of mainstream stablecoin public chain data Currently, the trading volume of the South Korean stablecoin market is around 200 billion USD per year. As a government-supported and user-recognized stablecoin issuer, even if Kaia captures 50% of that market, it would account for 100 billion USD in trading volume, which is not a small number. I made a simple comparison of the current mainstream stablecoin public chains to give you a reference, and I believe you can see the differences and expectations. Even if Kaia's KRW stablecoin issuance reaches 10 billion USD, with this market coverage and official support, 10 billion should not be too much. If each stablecoin circulates more than 10 times, that would mean a trading volume of 100 billion USD. There is still a 100-fold space to reach the market value of other public chains. This is a somewhat one-sided comparison, not considering ecological conditions and other variable factors. But for example, in the case of Tron: the ecosystem is not very developed; it relies on stablecoins to sustain itself. 🤔 A lot of thoughts 1. As the first public chain in South Korea, Kaia indeed has impressive aspects: it has considered all possible factors. Using policy support as a product endorsement, using technology and products as the foundation for large-scale adoption, and using online and offline, self-support and external market expansion as practical implementation solutions. Let me make a casual prediction: Kaia's stablecoin will be the first KRW stablecoin and will also be the world's first stablecoin to support large-scale online and offline payments. 2. My personal understanding: the USDT stablecoin currently issued by Kaia is like a test coin for the KRW stablecoin, paving the way for the KRW stablecoin in terms of technology, offline scenarios, online scenarios, and policy compliance. This will facilitate a quick capture of the South Korean market once the KRW stablecoin is issued. 3. It can be seen that the approach to stablecoins in South Korea is very different from that in Hong Kong. Hong Kong: Stablecoin sandbox ➡️ Stablecoin legislation ➡️ Stablecoin issuance ➡️ Stablecoin application. Step by step, the advantage is stability and reliability, but the downside is that it is too slow. In contrast, South Korea is implementing multiple stages such as legislation, issuance, and landing simultaneously. For the blue ocean market of stablecoins, sometimes the first-mover advantage is indeed necessary to seize the opportunity. 4. The current issuance of the USDT stablecoin is just the beginning; the KRW stablecoin should be seen in the not-too-distant future (the aforementioned hackathon is also a preparation for the KRW stablecoin). 5. Similarly, as Kaia continues to solidify its position as South Korea's first public chain through stablecoins, It can be anticipated that after the issuance of stablecoins in South Korea, Kaia's data will also experience explosive growth, and all of this will feed back into the $KAIA token. Looking forward to the day when the token takes off. 6. By the way, I will be going to South Korea in a few days, and I will personally practice and provide feedback to everyone, haha.

Recently organized several major updates from @Mira_Network @Mira_Network to share with everyone. Some participation windows are very short, so everyone should act quickly. 1️⃣ Voice of the Realm event Countdown: 3 days, ends on August 3rd. Remember to share relevant content in the #voice-of-realm channel on Discord. 2️⃣ Voice of the Realm Chapter 10 Tonight at 8 PM: I have to say: there are not many projects that regularly disclose progress and allow direct face-to-face interaction with the team anymore. 3️⃣ New product: A product framework for text-to-image generation, seems quite interesting, feel free to check it out. The illustration is one I generated: a medieval knight, fully embodying the sense of fate of a solitary warrior. 4️⃣ Old product planning: everyone continue to engage in daily replies, make sure to use up your points every day. 5️⃣ Collaboration status: more and more projects are starting to use MIRA's verification smart network. @Gaianet_AI @akedofun @boundless_xyz @monad Collaboration makes the MIRA ecosystem even stronger.

➡️ Grayscale has a total of 20 trust products for tokens, and in the future, 35 more will be included in its trust products. But how many coins are there in Web3? Even if Binance has listed how many coins? Millions of tokens versus hundreds of tokens. If viewed solely from a trading perspective, Grayscale is actually a better Binance. It can be seen that the value of @StoryProtocol's $IP being included in Grayscale's trust is significant. By the way, I dug a bit, and it seems this is one of the products with the fastest launch time. 🤔 You can see: 1. How strong the relationship between Story and Grayscale is. 2. How much this IP sector is recognized by major institutions. 🆚 Let's make a comparison: The narrative of IP can be compared to Public chains in 2017, DeFi in 2020, AI in 2024.