usdt

USDC

steth

doge

wbtc

wbeth

HYPE

usds

link

USDE

avax

hbar

shib

WLFI

pyusd

aave

USD1

JITOSOL

near

ASTER

xaut

pepe

PUMP

ondo

BFUSD

paxg

USDtb

RETH

RLUSD

algo

USDG

TRUMP

atom

LBTC

nexo

RENDER

fdusd

MORPHO

cake

bonk

METH

dash

PENGU

STRK

aero

virtual

SOSO

DeFi

SoSoScholar

In crypto, not everything that glitters is gold. Many investors lose money chasing schemes that promise insane profits overnight. 💀

🔑 Rule #1 for Staying Safe:
If it sounds too good to be true, it probably is.

⚡ Tips to Avoid Scams:
1️⃣ Check the project’s team and credentials 👤
2️⃣ Research the project thoroughly before investing 📚
3️⃣ Avoid hype-driven FOMO decisions 🚀
4️⃣ Never invest money you can’t afford to lose 💸
5️⃣ Stick to trusted exchanges and wallets 🛡️

Remember: Smart investing beats fast riches every time. Patience, research, and discipline are your armor in this crypto battlefield. ⚔️

💎 Stay cautious today, secure your profits tomorrow.
— JabirDex 🚀

💥 Don’t Fall for Crypto Traps! 🚨

В криптомире не все то золото, что блестит. Многие инвесторы теряют деньги, гоняясь за схемами, которые обещают безумную прибыль в одночасье. 💀

🔑 Правило №1 для сохранения безопасности:
Если это звучит слишком хорошо, чтобы быть правдой, то, вероятно, так и есть.

⚡ Советы, как избежать мошенничества:
1️⃣ Проверьте команду и полномочия проекта 👤
2️⃣ Тщательно изучите проект, прежде чем инвестировать 📚
3️⃣ Избегайте решений, основанных на хайпе и FOMO 🚀
4️⃣ Никогда не инвестируйте деньги, которые вы не можете позволить себе потерять 💸
5️⃣ Придерживайтесь проверенных бирж и кошельков 🛡️

Помните: разумное инвестирование всегда лучше быстрого обогащения. Терпение, исследования и дисциплина — ваша броня на этом крипто-поле битвы. ⚔️

💎 Будьте осторожны сегодня, обеспечьте свою прибыль завтра.
— JabirDex 🚀

💥 Не попадайтесь в криптоловушки! 🚨

🔥 Another exchange added for SOSO — Bitvavo joins the list!
How’s the community feeling about this move?
Drop your mood in one word: Bullish / Neutral / Bearish 👇


      <div>
        <img src="https://static.sosovalue.com/2025/11/28/90ab7b5e-36d9-4196-a20f-b7df93382f76.jpg" alt="">
      </div>
    

Daily Roast

Another Move 😉🔥

🔥 Еще одна биржа добавлена для SOSO — Bitvavo присоединяется к списку!
Как сообщество относится к этому шагу?
Оставьте свое настроение одним словом: Bullish / Neutral / Bearish 👇

      <div>
        <img src="https://static.sosovalue.com/2025/11/28/90ab7b5e-36d9-4196-a20f-b7df93382f76.jpg" alt="">
      </div>

Еще один ход 😉🔥

<div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="794b0637-2ecb-4fff-9ef5-ec73392c8b35"><div class="bn-block" data-node-type="blockContainer" data-id="794b0637-2ecb-4fff-9ef5-ec73392c8b35"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"> Shaping public perception.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="7bec873c-4888-4962-a048-fb35918bbefb"><div class="bn-block" data-node-type="blockContainer" data-id="7bec873c-4888-4962-a048-fb35918bbefb"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"></p></div></div></div></div>

The Role of Influencers in Crypto

Роль влиятельных лиц в криптовалюте

Arbitrage Dominance in Bitcoin Markets: Understanding the 2025 Dislocation Between Buying Pressure and Price Outcomes

Арбитражное доминирование на рынках Bitcoin: понимание дислокации 2025 года между давлением покупателей и ценовыми результатами

<div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="aa1277a4-e38a-423c-a98e-10fdf549fa68"><div class="bn-block" data-node-type="blockContainer" data-id="aa1277a4-e38a-423c-a98e-10fdf549fa68"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Stablecoin, đặc biệt là các loại được <strong>pegged với USD</strong>, đóng vai trò quan trọng trong thị trường crypto như <strong>công cụ lưu trữ giá trị, phương tiện giao dịch và thanh khoản tạm thời</strong>. Phân tích <strong>dòng chảy stablecoin</strong> trên các sàn giao dịch, ví tổ chức và hệ sinh thái DeFi cung cấp <strong>tín hiệu sớm về stress thị trường và biến động giá</strong>.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="cae40a9e-fc4b-4d27-b553-262cd6c5b420"><div class="bn-block" data-node-type="blockContainer" data-id="cae40a9e-fc4b-4d27-b553-262cd6c5b420"><div class="bn-block-content" data-content-type="heading"><h3 class="bn-inline-content"><strong>1. Nguyên lý theo dõi dòng stablecoin</strong></h3></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="4e769eb6-1614-41e2-9759-0a2e4e2d2f95"><div class="bn-block" data-node-type="blockContainer" data-id="4e769eb6-1614-41e2-9759-0a2e4e2d2f95"><div class="bn-block-content" data-content-type="numberedListItem" data-index="1"><p class="bn-inline-content"><strong>Dòng vào sàn giao dịch (exchange inflow)</strong></p></div><div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="3db3d524-69b8-491d-a078-ba11f75988fe"><div class="bn-block" data-node-type="blockContainer" data-id="3db3d524-69b8-491d-a078-ba11f75988fe"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Lượng USDT, USDC, BUSD chuyển vào sàn → dự báo <strong>áp lực mua altcoin hoặc BTC tăng</strong>.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="777efaa5-2887-4015-83cb-7e0a874cfdb3"><div class="bn-block" data-node-type="blockContainer" data-id="777efaa5-2887-4015-83cb-7e0a874cfdb3"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Lượng inflow đột biến cũng có thể báo hiệu <strong>nhà đầu tư chuẩn bị tháo chạy</strong> nếu kết hợp với sell pressure.</p></div></div></div></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="4efe520d-44a2-497e-948c-db3828e47f15"><div class="bn-block" data-node-type="blockContainer" data-id="4efe520d-44a2-497e-948c-db3828e47f15"><div class="bn-block-content" data-content-type="numberedListItem" data-index="2"><p class="bn-inline-content"><strong>Dòng ra sàn (exchange outflow)</strong></p></div><div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="0184f2e0-25bb-4fc5-9042-3dbc9f990160"><div class="bn-block" data-node-type="blockContainer" data-id="0184f2e0-25bb-4fc5-9042-3dbc9f990160"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Stablecoin rút khỏi sàn vào ví cá nhân hoặc DeFi → tín hiệu <strong>hạ nhiệt thị trường, giảm thanh khoản</strong>, holder muốn giữ giá trị ngoài sàn.</p></div></div></div></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="5c82364d-dca1-488f-aceb-74d987863ff3"><div class="bn-block" data-node-type="blockContainer" data-id="5c82364d-dca1-488f-aceb-74d987863ff3"><div class="bn-block-content" data-content-type="numberedListItem" data-index="3"><p class="bn-inline-content"><strong>Dòng trong DeFi và liquidity pool</strong></p></div><div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="3c15d043-ab68-4804-99f9-5027e9355c19"><div class="bn-block" data-node-type="blockContainer" data-id="3c15d043-ab68-4804-99f9-5027e9355c19"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Stablecoin lock vào lending/staking → giảm supply sẵn sàng trên thị trường → tăng khả năng <strong>volatility khi thị trường có shock</strong>.</p></div></div></div></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="bdf3fe9a-7c30-41ea-ab48-d8a4d29091c1"><div class="bn-block" data-node-type="blockContainer" data-id="bdf3fe9a-7c30-41ea-ab48-d8a4d29091c1"><div class="bn-block-content" data-content-type="numberedListItem" data-index="4"><p class="bn-inline-content"><strong>Velocity và turnover của stablecoin</strong></p></div><div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="f5405c65-078f-4100-b96b-8aa92b65f969"><div class="bn-block" data-node-type="blockContainer" data-id="f5405c65-078f-4100-b96b-8aa92b65f969"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Dòng stablecoin quay vòng nhanh → thị trường speculative mạnh → biến động cao.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="65f852f7-104c-4c6f-95ce-9eb9a7e2ccc0"><div class="bn-block" data-node-type="blockContainer" data-id="65f852f7-104c-4c6f-95ce-9eb9a7e2ccc0"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Dòng chậm → accumulation phase, thị trường tương đối bình ổn.</p></div></div></div></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="a96c510c-3b62-4251-961d-1de114749fba"><div class="bn-block" data-node-type="blockContainer" data-id="a96c510c-3b62-4251-961d-1de114749fba"><div class="bn-block-content" data-content-type="heading"><h3 class="bn-inline-content"><strong>2. Tín hiệu stress thị trường</strong></h3></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="c1620dae-d2fa-40a1-b7c7-11a4125fb444"><div class="bn-block" data-node-type="blockContainer" data-id="c1620dae-d2fa-40a1-b7c7-11a4125fb444"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content"><strong>Inflow stablecoin cao + altcoin/BTC giảm giá:</strong></p></div><div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="bca4add1-2298-40b5-90cb-8d525fcf9e06"><div class="bn-block" data-node-type="blockContainer" data-id="bca4add1-2298-40b5-90cb-8d525fcf9e06"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Holder chuyển token sang stablecoin → bán mạnh → stress market signal.</p></div></div></div></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="e2cc2f04-bef2-442b-b7a5-15bf38ff5406"><div class="bn-block" data-node-type="blockContainer" data-id="e2cc2f04-bef2-442b-b7a5-15bf38ff5406"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content"><strong>Outflow stablecoin mạnh + thị trường sideways:</strong></p></div><div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="a6f27a55-a28f-45d6-ac09-4d526b7aa063"><div class="bn-block" data-node-type="blockContainer" data-id="a6f27a55-a28f-45d6-ac09-4d526b7aa063"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Nhà đầu tư rút vốn khỏi sàn → liquidity thấp → rủi ro flash crash hoặc biến động đột ngột.</p></div></div></div></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="4d3d7e13-2a58-427d-be39-dcd55758d2e9"><div class="bn-block" data-node-type="blockContainer" data-id="4d3d7e13-2a58-427d-be39-dcd55758d2e9"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content"><strong>Shift từ algorithmic stablecoin sang fiat-backed:</strong></p></div><div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="471ade66-d394-426e-819f-3d1d13363fa8"><div class="bn-block" data-node-type="blockContainer" data-id="471ade66-d394-426e-819f-3d1d13363fa8"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Tín hiệu mất niềm tin vào stablecoin thuật toán → panic sell → thị trường chịu stress.</p></div></div></div></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="0317f98c-f02b-41af-aaac-795a6589706a"><div class="bn-block" data-node-type="blockContainer" data-id="0317f98c-f02b-41af-aaac-795a6589706a"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content"><strong>Tăng velocity stablecoin:</strong></p></div><div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="f35c289e-c6c3-4712-8e03-1d2289e30ab1"><div class="bn-block" data-node-type="blockContainer" data-id="f35c289e-c6c3-4712-8e03-1d2289e30ab1"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Giao dịch nhiều nhưng không lock vào staking hoặc LP → speculative activity tăng → dễ dẫn đến <strong>short-term volatility cao</strong>.</p></div></div></div></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="66ecab3b-4071-4b83-a450-17c37dc488c6"><div class="bn-block" data-node-type="blockContainer" data-id="66ecab3b-4071-4b83-a450-17c37dc488c6"><div class="bn-block-content" data-content-type="heading"><h3 class="bn-inline-content"><strong>3. Ứng dụng phân tích dòng stablecoin</strong></h3></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="73bb3dfc-2e79-47d2-85e0-86a2fdbb0366"><div class="bn-block" data-node-type="blockContainer" data-id="73bb3dfc-2e79-47d2-85e0-86a2fdbb0366"><div class="bn-block-content" data-content-type="numberedListItem" data-index="1"><p class="bn-inline-content"><strong>Dự báo biến động giá ngắn hạn</strong></p></div><div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="f8f86931-2523-4708-b370-4dfed12a0674"><div class="bn-block" data-node-type="blockContainer" data-id="f8f86931-2523-4708-b370-4dfed12a0674"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Tracking inflow/outflow trên các sàn lớn → xác định vùng <strong>stress hoặc accumulation</strong>.</p></div></div></div></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="f2ed2f09-2095-4e29-b482-ff7ccfc1c3ce"><div class="bn-block" data-node-type="blockContainer" data-id="f2ed2f09-2095-4e29-b482-ff7ccfc1c3ce"><div class="bn-block-content" data-content-type="numberedListItem" data-index="2"><p class="bn-inline-content"><strong>Quản lý thanh khoản và risk</strong></p></div><div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="54822d25-f8c4-4b15-8bc3-7386a3476700"><div class="bn-block" data-node-type="blockContainer" data-id="54822d25-f8c4-4b15-8bc3-7386a3476700"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Quỹ đầu tư và dự án có thể điều chỉnh <strong>LP, staking reward, treasury</strong> để giảm rủi ro biến động.</p></div></div></div></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="95f26be5-f6e4-4d11-9a81-d3e0d45f7253"><div class="bn-block" data-node-type="blockContainer" data-id="95f26be5-f6e4-4d11-9a81-d3e0d45f7253"><div class="bn-block-content" data-content-type="numberedListItem" data-index="3"><p class="bn-inline-content"><strong>Kết hợp với on-chain metrics khác</strong></p></div><div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="764d9040-1ca2-41a6-9d8a-ba0acfa031ad"><div class="bn-block" data-node-type="blockContainer" data-id="764d9040-1ca2-41a6-9d8a-ba0acfa031ad"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Funding rate, Token Age Consumed, velocity của altcoin → phân tích đồng bộ → dự báo <strong>short-term stress chính xác hơn</strong>.</p></div></div></div></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="5f23f55e-ce4c-432e-8373-0429c741fbf4"><div class="bn-block" data-node-type="blockContainer" data-id="5f23f55e-ce4c-432e-8373-0429c741fbf4"><div class="bn-block-content" data-content-type="heading"><h3 class="bn-inline-content"><strong>4. Ví dụ thực tế</strong></h3></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="3397830b-2431-4a8a-83a7-3908319ce37b"><div class="bn-block" data-node-type="blockContainer" data-id="3397830b-2431-4a8a-83a7-3908319ce37b"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Tháng 3/2020, USDT inflow đột biến vào sàn Binance và Huobi → đồng thời BTC giảm mạnh → báo hiệu <strong>stress thị trường</strong>.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="c2617d87-24bf-459a-ac09-684671a8a7c3"><div class="bn-block" data-node-type="blockContainer" data-id="c2617d87-24bf-459a-ac09-684671a8a7c3"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Trong bull run 2021, stablecoin lock vào DeFi tăng → giảm velocity → giảm short-term volatility → trend bền hơn.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="c17dec45-d03d-4602-987d-e1b859d9bba2"><div class="bn-block" data-node-type="blockContainer" data-id="c17dec45-d03d-4602-987d-e1b859d9bba2"><div class="bn-block-content" data-content-type="heading"><h3 class="bn-inline-content"><strong>5. Kết luận</strong></h3></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="936f00b9-b16e-4b00-a81e-c0e7b48631c2"><div class="bn-block" data-node-type="blockContainer" data-id="936f00b9-b16e-4b00-a81e-c0e7b48631c2"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Dòng stablecoin là <strong>chỉ số thanh khoản và tâm lý thị trường</strong> cực kỳ hữu ích để dự báo stress. Phân tích on-chain và cross-chain cho thấy:</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="fda71136-6f26-48e5-870c-aad957e05f25"><div class="bn-block" data-node-type="blockContainer" data-id="fda71136-6f26-48e5-870c-aad957e05f25"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Inflow stablecoin lớn → khả năng bán ra, thị trường stress.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="485e4b30-ff94-41c1-b42e-08e3dedd074e"><div class="bn-block" data-node-type="blockContainer" data-id="485e4b30-ff94-41c1-b42e-08e3dedd074e"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Outflow stablecoin lớn → thanh khoản giảm, giá dễ biến động mạnh.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="189c3a15-2f8c-47fb-967c-3590fab1427a"><div class="bn-block" data-node-type="blockContainer" data-id="189c3a15-2f8c-47fb-967c-3590fab1427a"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Velocity và phân phối stablecoin giữa sàn, DeFi, và ví cá nhân → đo lường sức khỏe thị trường.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="a63f8bb3-17d8-4f44-9520-f4bb502699c1"><div class="bn-block" data-node-type="blockContainer" data-id="a63f8bb3-17d8-4f44-9520-f4bb502699c1"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Kết hợp <strong>dòng stablecoin với các on-chain metrics khác</strong> giúp nhà đầu tư, quỹ và dự án crypto dự báo <strong>nguy cơ biến động, quản lý rủi ro và hoạch định chiến lược hiệu quả</strong> trong môi trường thị trường phức tạp.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="58a9e1b9-ff02-4ac8-bdd2-70d2a3241c29"><div class="bn-block" data-node-type="blockContainer" data-id="58a9e1b9-ff02-4ac8-bdd2-70d2a3241c29"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"></p></div></div></div></div>

Phân tích dòng stablecoin để dự báo stress thị trường

Анализ потока стейблкоинов для прогнозирования стресса на рынке

<div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="4d02617b-cf4c-4550-9d19-851d35b8c145"><div class="bn-block" data-node-type="blockContainer" data-id="4d02617b-cf4c-4550-9d19-851d35b8c145"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"> Web3 is about owning what you create and earn.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="db381e44-76d7-467e-adbb-5a137a9ae24c"><div class="bn-block" data-node-type="blockContainer" data-id="db381e44-76d7-467e-adbb-5a137a9ae24c"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"></p></div></div></div></div>

Digital Freedom

Цифровая свобода

The whale decelerated all over the place when i was trying to buy.  been going on for hours... you are gonna lose it soon


SAFE

Sorry guys, there is clearly an insider that big money too much

Извините, ребята, явно есть инсайдер, у которого слишком много больших денег.

🔸 HMRC introduces a “no gain, no loss” mechanism, meaning activities such as lending tokens, borrowing, or adding tokens to liquidity pools are not taxed immediately, as long as users receive back the same type of asset.
🔸 Capital gains tax only applies when users withdraw from the pool and exchange tokens, based on the difference between the tokens received and the tokens originally deposited.
🔸 Previously, simply depositing tokens into a protocol (whether staking, lending, LP, etc.) could trigger taxation, at rates of 18%–32% depending on the action.
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⚡️ The UK proposes a new tax framework for DeFi, deferring capital gains tax until users actually sell their tokens — a move welcomed by the UK crypto industry.

⚡️ Великобритания предлагает новую налоговую структуру для DeFi, откладывая налог на прирост капитала до тех пор, пока пользователи фактически не продадут свои токены — шаг, который приветствуется криптоиндустрией Великобритании.

<div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="1a2bbe63-317b-44b7-9136-974e6c79c0a2"><div class="bn-block" data-node-type="blockContainer" data-id="1a2bbe63-317b-44b7-9136-974e6c79c0a2"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"> Disruption through blockchain.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="b86820da-003a-4b7c-83aa-ee3e79078618"><div class="bn-block" data-node-type="blockContainer" data-id="b86820da-003a-4b7c-83aa-ee3e79078618"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"></p></div></div></div></div>

The Future of Financial Services

Будущее финансовых услуг

TrendX Community Financing Daily Report was released on June 24, 2024, highlighting SoSo Value's completion of a $4.15 million seed round financing on June 23. The financing round was co-invested by Sequoia China, GSR, Alumni Ventures, CoinSummer Labs, and One Piece Labs. SoSo Value is a platform that provides cryptocurrency investors with comprehensive financial research, focusing on delivering high-quality macro market information and AI-based news and research. Additionally, TrendX is an AI-driven Web3 trend tracking and intelligent trading platform dedicated to providing a comprehensive project discovery and investment experience for the future one billion users.

@sosovalue



This latest drop was far more brutal under the hood than the February flush -- even though price is still above the 2025 ATL.

📉 Price broke below every major AVWAP except one
-- The AVWAP from Trump’s election, a level buyers defended for months, finally failed again.
-- The AVWAP from the 2025 ATL also failed to hold as support.

📊 7M BTC now sitting at a loss
That’s 2M more than the 2025 ATL.
The last time this many coins were underwater after an ATH was January 2022.

🐋 New Whales are underwater too
For the first time since April 2022, price closed below the Realized Price of New Whales, a clear sign of capitulation pressure.

⚙️ But one thing did hold:
The AVWAP anchored to the Bitcoin halving caught price again, the same structure that marked the March bottom.

Everything here screams undervaluation. Structurally, this is where long-term DCA strategies thrive, historically the zone where new cycles reload.

📸 OnChain
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BITCOIN JUST ENTERED “MAX VALUE” TERRITORY

BITCOIN только что вошёл в зону «MAX VALUE»



Decentralized exchanges (DEXs) have evolved rapidly over the past few years, expanding from simple token-swapping interfaces to sophisticated trading infrastructures that service both retail users and, increasingly, institutional traders. At the core of this evolution lies one of the most important architectural debates in DeFi: Automated Market Makers (AMMs) versus Central Limit Order Books (CLOBs).
Both models enable decentralized trading, but they embody fundamentally different philosophies, mechanics, and trade-offs. Understanding these differences is key to grasping how liquidity is formed, how trades are executed, and how the next generation of decentralized markets will operate.

The Origins: Two Very Different Paths to Liquidity
AMMs — Liquidity Without Orders
Automated Market Makers, first popularized by Uniswap, replaced order books with an elegant mathematical formula. Instead of relying on buyers and sellers posting bids and asks, AMMs allow users to trade directly against a pool of liquidity, where prices are determined by an algorithm (e.g., the constant-product formula x·y = k).
This approach solved a major problem for early DEXs: thin liquidity. Because AMMs do not require matching counterparties, trading becomes continuous, permissionless, and effortless.
CLOBs — The Market Structure Institutions Know
CLOBs, by contrast, are the backbone of traditional stock, FX, and derivatives markets. They organize supply and demand through order books containing visible bids and asks. Trades occur when orders cross.
In centralized exchanges, CLOBs offer lightning-fast matching, deep liquidity, tight spreads, and support for sophisticated order types. Early DeFi struggled to support this model due to throughput and latency limitations — but with Layer-2s and off-chain computation, CLOB-style DEXs have re-emerged.

Liquidity Formation: Algorithmic Pools vs Human Behavior
AMM Liquidity — Predictable but Passive
The AMM model incentivizes users—often retail or passive liquidity providers—to deposit token pairs into pools in exchange for fees. Liquidity is always available, even for long-tail assets. But this liquidity is often not naturally deep, especially during volatile markets.
Key trade-offs:
	• AMMs can create liquidity illusions: deep-looking pools that suffer from high slippage on large trades.
	• Liquidity providers face impermanent loss, reducing long-term profitability.
	• AMMs encourage broad market participation, but at the cost of execution precision.
CLOB Liquidity — Active, Competitive, and Professional
Order books attract professional market makers, hedge funds, and algorithmic traders — participants who manage liquidity actively based on profit opportunities.
Advantages include:
	• Tighter spreads due to competitive quoting.
	• Dynamic depth, adjusting as markets move.
	• Better execution for large orders, given visible book liquidity.
But these benefits rely on active participation; when liquidity providers step away during turmoil, order books can thin rapidly.

Price Discovery: Algorithmic Curves vs Market Competition
AMMs: Price Defined by Mathematics
In AMMs, pricing follows a deterministic formula. For traders, this ensures:
	• Transparent pricing
	• Always-on execution
	• No need for counterparties
However, AMM pricing lags during market shocks. Because arbitrage forces must rebalance pools, AMMs outsource their price discovery to arbitrageurs, who extract profit in the process. This means:
	• Higher volatility
	• Expensive rebalancing
	• Inefficient capital usage
CLOBs: Natural Price Discovery Through Supply and Demand
In a CLOB, price discovery emerges from competitive bidding. This typically results in:
	• Faster adjustment to global market conditions
	• Lower arbitrage tax
	• Precise order placement based on trader intent
This is why institutions overwhelmingly prefer CLOBs — they mirror the mechanisms used in equities, derivatives, and FX markets.

Execution Quality: Simplicity vs Precision
AMM Execution — Slippage and MEV Exposure
AMMs allow instant swaps, but come with significant execution risks:
	• Slippage increases with trade size
	• MEV attacks (sandwiching, front-running) are common
	• Execution prices are predictable but not always favorable
For retail users making small trades, AMMs are convenient. For institutions moving millions, the slippage and MEV exposure can be unacceptable.
CLOB Execution — High Precision and Strategy Support
Order books offer:
	• Limit orders
	• Market orders
	• Stop-loss mechanisms
	• Algorithmic execution (TWAP, VWAP, iceberg orders)
This flexibility enables:
	• Lower execution costs for large trades
	• Fine control over entry and exit
	• Reduced MEV when paired with fair-ordering sequencers or off-chain matching
CLOBs give traders the tools they need to operate like professionals on-chain.

Capital Efficiency: Concentration vs Competition
AMMs: Redefined by Concentrated Liquidity
Uniswap v3 introduced concentrated liquidity, bringing capital efficiency closer to order books by allowing LPs to set custom price ranges. This innovation:
	• Reduces required liquidity
	• Narrows effective spreads
	• Improves depth near market price
Yet, liquidity becomes active rather than passive — meaning providing it well requires ongoing management, similar to running a market-making algorithm.
CLOBs: Naturally Efficient Through Competition
CLOBs achieve capital efficiency by allowing participants to quote only where they want to. This:
	• Concentrates liquidity exactly at the best bid/ask
	• Minimizes capital requirements
	• Encourages frequent repricing
Market makers can adjust instantly — an advantage algorithmic strategies exploit decisively.

Infrastructure Demands: On-Chain Limits vs Hybrid Models
AMMs — Fully On-Chain Friendly
AMMs were designed for Ethereum’s early limitations:
	• Low throughput
	• High latency
	• Expensive gas
Since they require only simple math and pool interactions, AMMs are highly compatible with on-chain execution.
CLOBs — Require More Throughput
A high-performance order book needs:
	• Fast matching engines
	• Low-latency messaging
	• Frequent order cancellations
	• High data bandwidth
This is difficult to run fully on-chain. Hence modern CLOB DEXs often use:
	• Off-chain order matching
	• On-chain settlement
	• Layer-2 rollups
	• Custom appchains
This hybrid architecture preserves decentralization while supporting institutional-grade performance.

The Hybrid Future: Merging AMMs and CLOBs
DeFi’s future is not AMMs versus CLOBs — it is both.
Innovative designs are emerging:
	• AMM-powered on-chain liquidity backstops for CLOBs
	• CLOB front-ends with AMM settlement layers
	• Unified liquidity layers aggregating multiple architectures
	• RFQ systems bridging market makers and DEXs
As infrastructure improves, users will seamlessly access both models, with smart routers directing orders to whichever venue offers better execution.

Conclusion
The Trade-Off Defines the Trader
	• Retail users gravitate to AMMs for simplicity, instant execution, and ease of use.
	• Institutions and advanced traders prefer CLOBs for precision, depth, and strategy support.
	• Developers choose the model that balances speed, cost, and user needs.
	• The market increasingly demands hybrid solutions.
AMMs democratized liquidity. CLOBs professionalized it.
Together, they form the twin engines powering the next generation of decentralized markets.
As DeFi scales, the winning DEX architectures will be those that blend the accessibility of AMMs with the precision and performance of CLOBs, creating markets that serve everyone — from small swappers to global trading firms.


AMM vs CLOB: The Architectural Trade-Offs in Modern DEX Design

AMM против CLOB: архитектурные компромиссы в современном дизайне DEX

<div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="826c623d-dcb0-4ade-8e69-3862da5e05e5"><div class="bn-block" data-node-type="blockContainer" data-id="826c623d-dcb0-4ade-8e69-3862da5e05e5"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Staking là cơ chế trọng tâm trong các blockchain PoS (Proof-of-Stake), không chỉ cung cấp bảo mật cho mạng lưới mà còn tạo ra <strong>động lực kinh tế cho validator và delegator</strong>. Hiểu cơ chế này dưới lăng kính <strong>lý thuyết trò chơi và chiến lược Nash</strong> giúp phân tích hành vi tối ưu của các participant, rủi ro chiến lược và cân bằng bền vững của mạng lưới.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="1af10620-4cec-4b33-99e0-03c52879a7ab"><div class="bn-block" data-node-type="blockContainer" data-id="1af10620-4cec-4b33-99e0-03c52879a7ab"><div class="bn-block-content" data-content-type="heading"><h3 class="bn-inline-content"><strong>1. Staking như một trò chơi chiến lược</strong></h3></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="724b5b57-d7f5-4d95-8822-63304a45d918"><div class="bn-block" data-node-type="blockContainer" data-id="724b5b57-d7f5-4d95-8822-63304a45d918"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Trong cơ chế staking:</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="049a6c6b-71bc-467b-9fa0-ef096c55844c"><div class="bn-block" data-node-type="blockContainer" data-id="049a6c6b-71bc-467b-9fa0-ef096c55844c"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content"><strong>Người chơi:</strong> validator, delegator, attacker.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="15436342-f68e-4458-a816-c26ed82bcf4e"><div class="bn-block" data-node-type="blockContainer" data-id="15436342-f68e-4458-a816-c26ed82bcf4e"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content"><strong>Hành động:</strong> stake nhiều hay ít token, tham gia xác thực, rút sớm, cố tình tấn công (double-signing), hoặc giữ stake.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="eb30ccda-d0b3-4393-9874-9ff7fb0bcf19"><div class="bn-block" data-node-type="blockContainer" data-id="eb30ccda-d0b3-4393-9874-9ff7fb0bcf19"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content"><strong>Phần thưởng / rủi ro:</strong> reward theo phần trăm stake, nguy cơ slashing nếu vi phạm quy tắc.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="6aa1a5f1-4738-4b94-b23b-3ad4bc7ea393"><div class="bn-block" data-node-type="blockContainer" data-id="6aa1a5f1-4738-4b94-b23b-3ad4bc7ea393"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Tổng thể tạo nên <strong>trò chơi nhiều người chơi phi hợp tác</strong>, nơi mỗi hành vi ảnh hưởng đến lợi ích của người khác và đến bảo mật toàn mạng.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="a9ca9cd5-2bf2-4dc6-9f81-0389fcbcf543"><div class="bn-block" data-node-type="blockContainer" data-id="a9ca9cd5-2bf2-4dc6-9f81-0389fcbcf543"><div class="bn-block-content" data-content-type="heading"><h3 class="bn-inline-content"><strong>2. Chiến lược Nash trong staking</strong></h3></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="d3052801-86c5-4d7c-b6be-966136a1f103"><div class="bn-block" data-node-type="blockContainer" data-id="d3052801-86c5-4d7c-b6be-966136a1f103"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><strong>Chiến lược Nash</strong> là tình huống mà <strong>không người chơi nào có động cơ thay đổi chiến lược đơn phương</strong>, vì làm vậy không mang lại lợi ích cao hơn. Áp dụng vào staking:</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="36c8f7c9-66fe-4283-9188-6ec37f15eef4"><div class="bn-block" data-node-type="blockContainer" data-id="36c8f7c9-66fe-4283-9188-6ec37f15eef4"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Validator tối ưu hóa <strong>staking amount</strong> để tối đa reward, đồng thời tránh rủi ro slashing.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="07dcec21-727b-472e-833b-df181f0abbda"><div class="bn-block" data-node-type="blockContainer" data-id="07dcec21-727b-472e-833b-df181f0abbda"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Khi tất cả validator hành xử theo chiến lược Nash:</p></div><div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="8e6590c7-9e32-4647-935a-59f1f223dba8"><div class="bn-block" data-node-type="blockContainer" data-id="8e6590c7-9e32-4647-935a-59f1f223dba8"><div class="bn-block-content" data-content-type="numberedListItem" data-index="1"><p class="bn-inline-content"><strong>Stake đủ để tối đa bảo mật mạng mà vẫn tối ưu ROI.</strong></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="75e25167-ffd5-4edd-835b-29330b209775"><div class="bn-block" data-node-type="blockContainer" data-id="75e25167-ffd5-4edd-835b-29330b209775"><div class="bn-block-content" data-content-type="numberedListItem" data-index="2"><p class="bn-inline-content"><strong>Không ai cố gắng cheat</strong>, vì slashing penalty &gt; lợi ích ngắn hạn.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="655b6aec-910b-41b4-891c-2e16ba5327e5"><div class="bn-block" data-node-type="blockContainer" data-id="655b6aec-910b-41b4-891c-2e16ba5327e5"><div class="bn-block-content" data-content-type="numberedListItem" data-index="3"><p class="bn-inline-content"><strong>Cân bằng giữa tập trung – phi tập trung</strong>, tránh quá nhiều hoặc quá ít token bị stake.</p></div></div></div></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="ab7a30cc-ca62-4fd2-a4ba-bfcbc8813034"><div class="bn-block" data-node-type="blockContainer" data-id="ab7a30cc-ca62-4fd2-a4ba-bfcbc8813034"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Ví dụ, nếu validator A giảm stake để tăng lợi nhuận ngắn hạn, mạng yếu → risk attack tăng → validator A có thể bị tổn thất khi network điều chỉnh reward hoặc bị slashing. Chiến lược Nash là <strong>tất cả giữ stake hợp lý để reward ổn định và rủi ro tối thiểu</strong>.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="b42546bf-5d5e-45b3-90c8-6a90c3548ea7"><div class="bn-block" data-node-type="blockContainer" data-id="b42546bf-5d5e-45b3-90c8-6a90c3548ea7"><div class="bn-block-content" data-content-type="heading"><h3 class="bn-inline-content"><strong>3. Incentive alignment và stability</strong></h3></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="2822b111-0be9-4357-8ae1-21886cbb7ca0"><div class="bn-block" data-node-type="blockContainer" data-id="2822b111-0be9-4357-8ae1-21886cbb7ca0"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Mục tiêu của cơ chế staking là:</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="f36aff12-ca6d-4c7b-9f18-f43660cc3ccf"><div class="bn-block" data-node-type="blockContainer" data-id="f36aff12-ca6d-4c7b-9f18-f43660cc3ccf"><div class="bn-block-content" data-content-type="numberedListItem" data-index="1"><p class="bn-inline-content"><strong>Khuyến khích hành vi tốt (honest behavior)</strong></p></div><div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="dd0c8c0e-c99e-4b8d-9e9d-1e8cec9da057"><div class="bn-block" data-node-type="blockContainer" data-id="dd0c8c0e-c99e-4b8d-9e9d-1e8cec9da057"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Reward + slashing tạo payoff mà chiến lược Nash tương ứng với hành vi trung thực.</p></div></div></div></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="89824040-6341-4e85-b094-f8876cd6fb5e"><div class="bn-block" data-node-type="blockContainer" data-id="89824040-6341-4e85-b094-f8876cd6fb5e"><div class="bn-block-content" data-content-type="numberedListItem" data-index="2"><p class="bn-inline-content"><strong>Giữ cân bằng mạng lưới</strong></p></div><div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="179bd7c9-febc-4770-b3d6-37921cdf713d"><div class="bn-block" data-node-type="blockContainer" data-id="179bd7c9-febc-4770-b3d6-37921cdf713d"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Nếu phần thưởng quá cao → validator stake quá mức → lạm phát token → rủi ro giá.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="8f4fc735-0f25-4049-b3b4-5db4f7e7c308"><div class="bn-block" data-node-type="blockContainer" data-id="8f4fc735-0f25-4049-b3b4-5db4f7e7c308"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Nếu reward quá thấp → validator rút → bảo mật giảm.</p></div></div></div></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="75235aff-5eff-4c7d-bafe-18dd9d3ccc06"><div class="bn-block" data-node-type="blockContainer" data-id="75235aff-5eff-4c7d-bafe-18dd9d3ccc06"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Vậy thiết kế staking cần tạo <strong>equilibrium payoff</strong>, nơi honest strategy là Nash equilibrium.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="86aec733-fbd9-44f2-acc4-604d35ce2488"><div class="bn-block" data-node-type="blockContainer" data-id="86aec733-fbd9-44f2-acc4-604d35ce2488"><div class="bn-block-content" data-content-type="heading"><h3 class="bn-inline-content"><strong>4. Rủi ro chiến lược</strong></h3></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="b62b3121-2c37-4800-9d7e-c14f7f864b7e"><div class="bn-block" data-node-type="blockContainer" data-id="b62b3121-2c37-4800-9d7e-c14f7f864b7e"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content"><strong>Free-riding:</strong> validator nhỏ không stake nhiều nhưng lợi dụng security từ stake của người khác.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="f230d24e-687b-4488-b65c-1f619ff1141f"><div class="bn-block" data-node-type="blockContainer" data-id="f230d24e-687b-4488-b65c-1f619ff1141f"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content"><strong>Coordination failure:</strong> nếu nhiều validator rút stake cùng lúc → mạng mất cân bằng → Nash equilibrium phá vỡ tạm thời.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="477db4ba-0c03-4c7c-8cf6-69fadb1f0dfb"><div class="bn-block" data-node-type="blockContainer" data-id="477db4ba-0c03-4c7c-8cf6-69fadb1f0dfb"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content"><strong>Attack incentive:</strong> attacker cân nhắc payoff từ tấn công so với penalty → nếu thiết kế không hợp lý, tấn công trở thành chiến lược Nash.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="1e2f33fb-02db-447a-98de-1fe7425d2c0a"><div class="bn-block" data-node-type="blockContainer" data-id="1e2f33fb-02db-447a-98de-1fe7425d2c0a"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Như vậy, staking mechanism phải <strong>đảm bảo honest strategy &gt; attack hoặc rút sớm</strong>, để mạng duy trì ổn định.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="bef916d7-b0f5-4c26-85e5-03171bac6aa5"><div class="bn-block" data-node-type="blockContainer" data-id="bef916d7-b0f5-4c26-85e5-03171bac6aa5"><div class="bn-block-content" data-content-type="heading"><h3 class="bn-inline-content"><strong>5. Tích hợp Nash analysis vào thiết kế staking</strong></h3></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="68339533-2683-48cf-9c2f-95883af8d99a"><div class="bn-block" data-node-type="blockContainer" data-id="68339533-2683-48cf-9c2f-95883af8d99a"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Các yếu tố cần cân nhắc:</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="58816b66-c092-438c-9c44-52f9ea0b57fd"><div class="bn-block" data-node-type="blockContainer" data-id="58816b66-c092-438c-9c44-52f9ea0b57fd"><div class="bn-block-content" data-content-type="numberedListItem" data-index="1"><p class="bn-inline-content"><strong>Reward function:</strong> tuyến tính hay logarithmic theo stake.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="f6c452ee-169b-480d-aeb1-290ba1fea5d6"><div class="bn-block" data-node-type="blockContainer" data-id="f6c452ee-169b-480d-aeb1-290ba1fea5d6"><div class="bn-block-content" data-content-type="numberedListItem" data-index="2"><p class="bn-inline-content"><strong>Slashing penalty:</strong> đủ mạnh để disincentivize hành vi xấu.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="ca78eb94-875a-4d7f-bf75-13c97c922f31"><div class="bn-block" data-node-type="blockContainer" data-id="ca78eb94-875a-4d7f-bf75-13c97c922f31"><div class="bn-block-content" data-content-type="numberedListItem" data-index="3"><p class="bn-inline-content"><strong>Dynamic adjustment:</strong> reward và penalty điều chỉnh theo tổng stake, bảo mật mạng và hành vi thị trường.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="d03dda7b-824e-429c-9eae-46fd10d353e9"><div class="bn-block" data-node-type="blockContainer" data-id="d03dda7b-824e-429c-9eae-46fd10d353e9"><div class="bn-block-content" data-content-type="numberedListItem" data-index="4"><p class="bn-inline-content"><strong>Delegation dynamics:</strong> khi delegator chọn validator, Nash equilibrium hình thành dựa trên ROI kỳ vọng và rủi ro.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="adbd574d-3907-4946-a10a-f80e32338adb"><div class="bn-block" data-node-type="blockContainer" data-id="adbd574d-3907-4946-a10a-f80e32338adb"><div class="bn-block-content" data-content-type="heading"><h3 class="bn-inline-content"><strong>6. Kết luận</strong></h3></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="3790eeb8-8a7f-43f3-8933-3a0467bfa511"><div class="bn-block" data-node-type="blockContainer" data-id="3790eeb8-8a7f-43f3-8933-3a0467bfa511"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Xem staking dưới góc độ chiến lược Nash giúp:</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="a3d2a263-cee8-4970-a289-ed3a9552a2e6"><div class="bn-block" data-node-type="blockContainer" data-id="a3d2a263-cee8-4970-a289-ed3a9552a2e6"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Phân tích <strong>hành vi tối ưu của validator và delegator</strong>.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="80ff9397-eb29-41e3-b9da-18fe1b702718"><div class="bn-block" data-node-type="blockContainer" data-id="80ff9397-eb29-41e3-b9da-18fe1b702718"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Thiết kế <strong>reward &amp; penalty</strong> để honest behavior trở thành Nash equilibrium.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="743cf3f0-8a24-421c-a8b0-c04117e7e2af"><div class="bn-block" data-node-type="blockContainer" data-id="743cf3f0-8a24-421c-a8b0-c04117e7e2af"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Dự đoán <strong>tính ổn định và bền vững của mạng lưới</strong> khi stake tăng hoặc giảm.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="301e693f-1b33-4d42-b403-04c7c0e65b62"><div class="bn-block" data-node-type="blockContainer" data-id="301e693f-1b33-4d42-b403-04c7c0e65b62"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Nhìn chung, cơ chế staking hiệu quả không chỉ là phần thưởng kinh tế, mà là <strong>cân bằng chiến lược, nơi hành vi trung thực đồng thời là chiến lược tối ưu cho tất cả participant</strong>. Đây chính là nền tảng để bảo mật mạng PoS vận hành lâu dài và ổn định.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="94cb87f0-aa89-4969-8281-1611dfcdebce"><div class="bn-block" data-node-type="blockContainer" data-id="94cb87f0-aa89-4969-8281-1611dfcdebce"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"></p></div></div></div></div>

Nghiên cứu cơ chế động lực staking dưới góc nhìn chiến lược Nash

Исследование механизма динамического стейкинга с точки зрения стратегии Нэша

*Market Mood* – The crypto market is buzzing with a $3.1 trillion capitalization, riding a wave of renewed liquidity as the Fed’s balance sheet swells to $6.56 trillion  ¹. Bitcoin is still the heavyweight, but the real action is elsewhere.

*Hot News* – Europe just got a little friendlier for crypto fans. KuCoin’s EU arm snagged a MiCA license in Austria, opening doors across pi. With a 300 % bonus and a $0.02 entry price, early birds are eyeing a potential 10‑20× return before December  ³. On the charts, *XRP* is outpacing both BTC and ADA, up ~18 % this week and flirting with a possible breakout toward $3  ⁴.

*What to Watch* – Keep an eye on Fed announcements (the balance sheet could tip the market into “parabolic” mode) and the upcoming unlock events for high‑yield DeFi tokens. As always, stay curious, stay safe, and happy trading!

Crypto news

*Настроение рынка* – Криптовалютный рынок гудит с капитализацией в $3,1 триллиона, оседлав волну возобновленной ликвидности, поскольку баланс Федеральной резервной системы увеличивается до $6,56 триллиона ¹. Bitcoin по-прежнему является тяжеловесом, но настоящие действия происходят в другом месте.

*Горячие новости* – Европа стала немного дружелюбнее для поклонников криптовалюты. EU-подразделение KuCoin получило лицензию MiCA в Австрии, открывая двери по всей pi. С бонусом в 300 % и ценой входа $0,02, первые инвесторы присматриваются к потенциальной прибыли в 10‑20× до декабря ³. На графиках *XRP* опережает BTC и ADA, поднявшись примерно на 18 % на этой неделе и заигрывая с возможным прорывом к $3 ⁴.

*Что смотреть* – Следите за объявлениями Федеральной резервной системы (баланс может перевести рынок в "параболический" режим) и предстоящими событиями разблокировки для высокодоходных DeFi токенов. Как всегда, оставайтесь любопытными, будьте в безопасности и удачной торговли!

Новости криптовалют

<div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="80072fe4-ca98-4443-80f5-92f0b87cd579"><div class="bn-block" data-node-type="blockContainer" data-id="80072fe4-ca98-4443-80f5-92f0b87cd579"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"> Trust is essential.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="c2878ffc-8d45-47c9-bcb1-90e93c4c48d1"><div class="bn-block" data-node-type="blockContainer" data-id="c2878ffc-8d45-47c9-bcb1-90e93c4c48d1"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"></p></div></div></div></div>

The Importance of Transparency in Projects

Важность прозрачности в проектах

<div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="1f8b409a-6266-47d3-9f7f-6a94274228ca"><div class="bn-block" data-node-type="blockContainer" data-id="1f8b409a-6266-47d3-9f7f-6a94274228ca"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Every pump feels like the universe whispering,<br><em>"Here’s your chance… will you take it?"</em><br>And every brutal dump asks a quieter question:<br><em>"Can you stay calm this time?"</em></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="2902e158-588a-45e7-b274-067857508c19"><div class="bn-block" data-node-type="blockContainer" data-id="2902e158-588a-45e7-b274-067857508c19"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="e2952098-b25d-428f-8d78-15eec106f8e4"><div class="bn-block" data-node-type="blockContainer" data-id="e2952098-b25d-428f-8d78-15eec106f8e4"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">People think crypto is a game of money.<br>But it’s really a game of <strong><em>patience, resilience, and forgiving yourself for the mistakes you swore you’d never repeat.</em></strong></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="31835f95-4647-4b12-b4f4-1d135299dc7d"><div class="bn-block" data-node-type="blockContainer" data-id="31835f95-4647-4b12-b4f4-1d135299dc7d"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="57a40b5e-1d97-42c9-8ccd-e64a8e9754eb"><div class="bn-block" data-node-type="blockContainer" data-id="57a40b5e-1d97-42c9-8ccd-e64a8e9754eb"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">We’ve all FOMO’d into something we shouldn’t.<br>We’ve all held too long, sold too early, or trusted the wrong candle.<br>And somewhere in the middle of the chaos, we learn something:<br>that survival itself is a kind of victory.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="0d4cd437-64a6-48db-9c19-6a7817b39373"><div class="bn-block" data-node-type="blockContainer" data-id="0d4cd437-64a6-48db-9c19-6a7817b39373"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="86ad123d-197e-4097-b1d2-9cbc226bef3b"><div class="bn-block" data-node-type="blockContainer" data-id="86ad123d-197e-4097-b1d2-9cbc226bef3b"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Because in crypto, you don’t have to be the smartest person in the room —<br>just someone who refuses to quit on themselves.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="a901e9ea-e535-487b-9739-9418ff574a5a"><div class="bn-block" data-node-type="blockContainer" data-id="a901e9ea-e535-487b-9739-9418ff574a5a"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="7c068da7-1474-4f8f-b280-118c13ac4f8e"><div class="bn-block" data-node-type="blockContainer" data-id="7c068da7-1474-4f8f-b280-118c13ac4f8e"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><strong><em>🚀 Stay steady.</em></strong><br><strong><em>🧊 Stay cold.</em></strong><br><strong><em>🔥 Stay unbroken.</em></strong></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="a7e8b965-0773-479c-98fb-6a892855d75c"><div class="bn-block" data-node-type="blockContainer" data-id="a7e8b965-0773-479c-98fb-6a892855d75c"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="09bfd349-e082-4da9-8a7e-5b866ac701e9"><div class="bn-block" data-node-type="blockContainer" data-id="09bfd349-e082-4da9-8a7e-5b866ac701e9"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">And maybe one day, during the next bull run,<br>you’ll look at your chart and whisper:<br><strong><em>"I made it through."</em></strong></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="6bc0e815-c948-418a-9cfc-ba0762a6d23f"><div class="bn-block" data-node-type="blockContainer" data-id="6bc0e815-c948-418a-9cfc-ba0762a6d23f"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"></p></div></div></div></div>

💥 Crypto isn’t where you get rich overnight.
It’s where you learn how to rebuild yourself after every fall.

💥 Криптовалюта – это не то место, где можно разбогатеть в одночасье.
Это место, где вы учитесь восстанавливать себя после каждого падения.

Tính khả thi của decentralized AI marketplace

Возможность создания децентрализованного рынка ИИ

<div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="4418ff03-5573-4116-aba1-3385134cdeff"><div class="bn-block" data-node-type="blockContainer" data-id="4418ff03-5573-4116-aba1-3385134cdeff"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"> A new marketing strategy for tokens.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="c7603d5c-6bf7-4894-8de5-ee576fc7e3c0"><div class="bn-block" data-node-type="blockContainer" data-id="c7603d5c-6bf7-4894-8de5-ee576fc7e3c0"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"></p></div></div></div></div>

The Future of Airdrops

Будущее Airdrops

<div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="8d9c7e05-886e-4afd-bfbb-b23e18153615"><div class="bn-block" data-node-type="blockContainer" data-id="8d9c7e05-886e-4afd-bfbb-b23e18153615"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"> Reading the signs correctly.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="9a4b683f-8d98-421d-b676-f888b64fed47"><div class="bn-block" data-node-type="blockContainer" data-id="9a4b683f-8d98-421d-b676-f888b64fed47"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"></p></div></div></div></div>

How to Interpret Market Signals

Как интерпретировать рыночные сигналы

Le Ministre de la Jeunesse et des Sports, Sidi MOHAMED ALMAHMOUD, dans la cité de Zarmakoyes pour la cérémonie de clôture d'une importante session de formation. 

En effet, du 25 au 27 Novembre 2025, s'est tenue simultanément dans les régions de Dosso et Zinder, une session de formation au profit de deux cent (200) jeunes ruraux en entrepreneuriat communautaire. Ces jeunes sont issus de toutes les régions du Niger. Un programme soutenu par le PNUD.

Cette formation qui s'est déroulée avec succès, constitue une avancée majeure dans la politique du Ministère en charge de la jeunesse et des sports en matière de lutte contre le chômage et le sous_emploi. Elle marque également une orientation claire : les jeunes ruraux sont au cœur de la stratégie de développement national.

Cette activité salutaire et porteuse d'espoir, s’inscrit dans la droite ligne de la vision des plus hautes autorités du pays, visant à faire de la jeunesse un moteur du développement local et national. Cette vision, le Président de la République, Chef de l'Etat, Son Excellence le Général d'Armée Adourahamane TIANI l'a évoqué plusieurs fois à l’occasion de sa tournée nationale de proximité à l’intérieur du pays.

Niger 🇳🇪

Нигер 🇳🇪