Youzi_chigua

Daily Hot Topics Review - April 7 ▰ Prediction Market Polymarket announced the upcoming launch of its native stablecoin Polymarket USD, pegged 1:1 to USDC. ▰ Genius Week 12 trading points have been distributed, reportedly TGE on April 13. ▰

This week, Genius spent about 10 USDT, earning stablecoins, and scored 236 points, with a cost of 0.042 USDT per point.
Current status:
▰ Total points: 21,090
▰ Total cost: approximately 135 USDT
▰ Cost per point: about 0.0064 USDT
There is one last week remaining; I plan to generate some more trading volume, then sit tight for the TGE.

Opinion After issuing tokens, I rarely browse prediction markets anymore because there aren't many that can be hedged. Even if the titles are the same, the settlement rules can vary greatly, making it impossible to earn points at low cost. Projects with low liquidity are even more off-limits.
By the way, when predicting markets like Predict and Probable before their acquisition, the points redemption process was very poor. Both projects had point activities, Probable

Cutoff score 243, does not meet the requirements, I'm out, I'm out 🥹

Daily Hotspot Review - April 6
▰ In 2010, there was a Bitcoin faucet website that gave away 5 BTC for free to every visitor; today, Block mimicked this and launched its own Bitcoin faucet activity, but instead of giving it away for free as before, users need to complete certain purchase/spending tasks on Cash App to receive the reward, and residents of mainland China cannot participate.
▰ Another protocol has been hacked: Linea

When the market is poor, the frequency of projects being hacked or stolen also seems to increase. These projects may not be able to compensate users in full in the end, and retail investors often end up bearing the losses. Looking at recent cases, in the past month there have been:
▰ On April 2nd, Solana ecosystem DEX project Drift Protocol was hacked, losing approximately $285 million;
▰ On March 22nd, stablecoin project Resolv was hacked, with losses exceeding $23 million;
▰ On March 17th, the DeFi project Mango Markets was exploited, resulting in a loss of about $100 million.

After reviewing the feedback on the forum, almost all edgeX points users are engaging in anti-earning activities. Spending money to earn points and then exchanging points for future airdrops carries significant risk.

Bybit's 6 PM Launchpool activity page is now live, but early staking is not yet available. The staking limit for regular users' MNT has been increased to 5,000. Combined with Launchpool's own 3x staking, you only need to borrow approximately 1,250 MNT (5,000 / 4). The process is divided into two steps: 1️⃣ Enter "Staking Borrow" in the Bybit homepage search box to stake u/other tokens and borrow 1,250 MNT; 2️⃣ Go to Launchpool and stake

Daily Hotspot Review - March 29
▰ Perpetual Contract Trading Platform edgeX transfers 1 million tokens to the OKX Boost contract address, likely to be listed on OKX Boost.
▰ Binance Alpha will launch Based (BASED) tomorrow (3.30). This project will also be available on Bybit Launchpool, where you can stake MNT and BASED to participate in activities. MNT is more convenient to borrow, and perhaps tomorrow you can see if BASED can be listed on Gate.

Tomorrow at 6 PM, the new Launchpool on Bybit will be available. It is estimated that the investment limit for regular users is still 3,000 MNT, with a borrowing limit of 750 MNT. Then, using the Launchpool borrowing and staking feature, fill the 3,000 MNT quota.

Daily Hotspot Review - March 28
▰ Genius, invested by YZi Labs and with CZ serving as an advisor, announced a 7% airdrop to GP Points (Season 1) holders.
▰ Well-known trader Eugene (commonly called "Dove" in the Chinese community) stated that he has fully cut his positions, the market has become tough, and he will reduce trading frequency in 2026.
▰ Binance Alpha will launch R2 and on next Monday (3.30) and

A 7% airdrop ratio doesn't seem very exciting either. If the 7% also includes the share allocated to Binance (Alpha/Holder), then it’s even less exciting😅 The total first season points are 200 million. If 7% is fully airdropped to trading users:
FDV 100 million, 1 point = 0.035 USD
FDV 300 million, 1 point = 0.105 USD
FDV 500 million, 1 point = 0.175 USD
FDV 800 million, 1 point = 0.28 USD
Feels like Genius FDV 1 billion.

Daily Hotspot Review - March 27
▰ Binance has distributed the first batch of rewards for the 135 million WLFI airdrop campaign, with an approximate annualized return of over 5% based on USD.
▰ Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, has invested an additional $600 million in prediction market Polymarket.
▰ Renowned venture capital firm Paradigm led two funding rounds, raising $55 million for the gaming project Wildcard. After listing, the project reportedly only added 20

Just saw that the USD1 investment returns have arrived. Dinner extra tonight 😋

Raising a lot of funds, so what? It can be faked. Even if it's invested by well-known VCs, so what? It can be faked (like borrowing a name), or the principal can be refunded, or even VC involvement can be faked and everyone can just cut losses together. Whether the people involved ultimately make money depends mostly on the boss's vision. But now, with the market not doing well, the boss might also be pretending, only revealing their true face at TGE.