usdt

USDC

steth

doge

wbtc

wbeth

usds

HYPE

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


Following his extradition to the United States, Kwon Do pleaded guilty to fraud linked to the collapse of TerraUSD/LUNA, which wiped out roughly $40 billion. His lawyers are requesting a 5-year sentence, citing nearly three years already spent in custody and harsh detention conditions. Prosecutors may push for up to 12 years, while a separate case in South Korea carries a potential 40-year sentence.

The U.S. verdict is expected in December — and it may set future standards for penalties in crypto cases of this scale.
      <div>
        <img src="https://static.sosovalue.com/2025/11/28/0305b520-595b-4171-b63f-53dc1a5ecb3f.jpg" alt="">
      </div>
    

Daily Roast

Terra co-founder pleads guilty and seeks the minimum sentence

Terra 共同創辦人認罪並尋求最低刑期

The Parallel EVM Thesis: A Microstructural Comparison of Monad and Solana in the Battle for L1 Liquidity

Parallel EVM 論文：Monad 和 Solana 在爭奪 L1 流動性之戰中的微觀結構比較

<div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="a0c34a62-3dec-476f-acd3-f6cb7e085a5f"><div class="bn-block" data-node-type="blockContainer" data-id="a0c34a62-3dec-476f-acd3-f6cb7e085a5f"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"> Financial services without intermediaries.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="98452a7d-eaf1-48a2-ae33-fbfa021bc57a"><div class="bn-block" data-node-type="blockContainer" data-id="98452a7d-eaf1-48a2-ae33-fbfa021bc57a"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"></p></div></div></div></div>

The Rise of DeFi

DeFi的崛起

*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

加密貨幣新聞


@SoSoValue
 
#SoSoScholar2025 


1. Introduction

Token unlocks are among the most powerful forces in crypto market cycles. They can redistribute wealth, reallocate liquidity, and expose weaknesses in tokenomics models. Hyperliquid (HL), one of the fastest-growing perpetual futures DEXes, is entering a critical phase where 23.8% of team tokens begin unlocking, amounting to 9.2M HYPE per month, or roughly $500M in dollar terms.

This research analyzes the potential effects of this unlock schedule, identifying market risks, liquidity absorption pathways, and whether the Hyperliquid ecosystem can withstand this unprecedented supply injection.

2. Token Unlock Mechanics and Sell Pressure Theory

2.1 Supply Shock Basics

Large unlocks historically trigger negative price reactions due to:

Sudden liquidity imbalance

Increased sell pressure from early insiders

Reduced circulating supply scarcity

Empirical studies show that token unlocks correlate with short-term price declines of 10–30% on average for altcoins (Voshmgir, 2020; Chen et al., 2023).

2.2 The Hyperliquid Case

23.8% team allocation unlocking

≈500M USD equivalent per month

Buybacks cannot offset the pressure

HL’s volume still depends heavily on speculation cycles

Given this, HL’s unlock event resembles the high-pressure unlock cycles seen with:

Aptos (Aptos Labs, 2023)

Optimism vesting rounds (Messari, 2023)

dYdX V2 unlock series (dYdX Foundation Reports, 2022–2023)

3. Liquidity Absorption and Who Will Buy the Supply?

3.1 Internal Absorption

HL has two primary internal buffers:

1. Buyback Program
But the pace is insufficient versus $500M monthly issuance.

2. Protocol Revenue
While increasing, it is still not enough to neutralize such magnitude.

3.2 External Absorption:

Supply could be absorbed by:

Institutional traders seeking governance exposure

Perp DEX whales scalping volatility

Market makers arbitraging perpetual premiums

However, the question remains:

&gt; Is the absorption organic or artificially sustained by short-term farm &amp; rotate capital?

This matters because inorganic absorption collapses when yields decay.

4. Systemic Risk and the Perp DEX Model

Hyperliquid’s unlock introduces systemic risk into its perp-driven ecosystem:

4.1 Reflexive Liquidity Risks

Perp DEX tokens derive much of their value from trading volume

If volume drops due to market fear → token price drops → sell pressure increases → further fear

This is known as a reflexive feedback loop (Schelling, 1978)

4.2 Regulatory Red Flags

A $500M/month insiders' unlock might trigger:

Regulatory scrutiny around insider advantage

Centralization concerns

Questions about investor protection for retail participants

DeFi protocols like SBF’s Alameda and Do Kwon’s Terra have shown how aggressive token unlock dynamics can erode trust rapidly.

5. Will This Trigger a Farmer Exodus?

Yield farmers, point grinders, and mercenary liquidity providers form a major part of HL’s current user base.

When large unlocks occur:

APR typically decreases

Token confidence declines

Liquidity migrates to higher-yield chains

Unless HL introduces new incentives, it risks losing speculative capital to chains offering fresher rewards.

Conclusion

Hyperliquid’s $500M monthly unlock is arguably the largest stress test ever seen for a perp DEX token model. The outcome hinges on:

1. Whether new liquidity enters the ecosystem at scale

2. The resilience of HL’s trading volume

3. How insiders behave with their unlocked tokens

4. Regulatory narratives surrounding token issuance

If HL survives this phase, the protocol could emerge as one of the strongest decentralized exchanges in the market.
If not, this unlock could become a textbook example of tokenomic overload, liquidity flight, and insider-led supply drains.

References

Chen, Z., Li, Y., &amp; Wu, H. (2023). Token Unlocks and Market Volatility in Crypto Assets. Journal of Digital Finance.
Voshmgir, S. (2020). Token Economy: How Blockchains and Smart Contracts Revolutionize the Economy. Token Kitchen Publishing.
Messari Research (2023). Token Unlock Schedules and Market Impacts. http://Messari.io.
Aptos Labs (2023). Aptos Tokenomics Transparency Report.
dYdX Foundation (2022–2023). dYdX Token Unlock Analysis Reports.
Schelling, T. (1978). Micromotives and Macrobehavior. W. W. Norton.

      <div>
        <img src="https://static.sosovalue.com/2025/11/28/c8de48f2-8b06-44be-a9fe-cb8d40f121a1.jpg" alt="">
      </div>
    

Hyperliquid’s $500M Monthly Token Unlock: Market Pressure, Liquidity Absorption, and Systemic Risk in Perp DEX Models

Hyperliquid 每月 5 億美元的代幣解鎖：Perp DEX 模型中的市場壓力、流動性吸收和系統性風險

<div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="1e66bc7a-e0ba-4024-834c-1714af59eea6"><div class="bn-block" data-node-type="blockContainer" data-id="1e66bc7a-e0ba-4024-834c-1714af59eea6"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"> How protocols combine to create powerful new financial primitives and the risks that come with them.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="f474f8fb-7c07-4494-affe-ae5d6b6a7a8d"><div class="bn-block" data-node-type="blockContainer" data-id="f474f8fb-7c07-4494-affe-ae5d6b6a7a8d"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"></p></div></div></div></div>

DeFi Composability

DeFi 可組合性

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! 🚨

💥 小心加密貨幣陷阱！ 🚨


 The enforceability of smart contracts, self-executing digital agreements stored on a blockchain, often hinges on traditional contract principles rather than their blockchain nature. This article explores the legal standing of smart contracts and offers practical drafting tips for enhancing their enforceability.

Smart contracts operate through coded automation, but courts assess their enforceability based on established contract law criteria: offer, acceptance, consideration, and intent to be bound. A smart contract signed with a cryptographic key can satisfy the intent-to-sign requirement under UETA and the E-Sign Act, ensuring that digital contracts are not inherently unenforceable.

🏛 Some states have explicitly recognized the enforceability of smart contracts. For instance, Arizona Revised Statutes §44‑7061 states that a contract cannot be denied legal effect solely because it includes a smart contract term. Other states maintain that existing contract law sufficiently governs smart contracts without expressly affirming their enforceability.

⚖️ Recent case law indicates that courts prioritize consent and control over technical complexity when evaluating blockchain-based systems. In Van Loon v. Department of the Treasury, the Fifth Circuit ruled that Tornado Cash’s immutable smart contracts could not be considered “property” because no one exercised traditional ownership dominion over them. This reflects a judicial tendency to view immutable smart contracts as autonomous tools rather than conventional agreements.

🚧 Despite the potential for enforceability, smart contracts present unique legal challenges. The embedded nature of their terms can bind parties to conditions they may not fully understand, raising questions about meaningful assent. The immutability of blockchain contracts complicates liability analysis, especially in decentralized arrangements.

📝 To enhance the enforceability of smart contracts, parties should consider several strategies:

1. Include a plain-language agreement that mirrors the on-chain code.
2. Use a hybrid structure that combines off-chain contracts with on-chain execution.
3. Embed dispute-resolution clauses for arbitration or court fallback.
4. Ensure signing mechanisms comply with UETA or E-Sign.
5. Implement transparent governance for any upgrades or mutable features.

 In conclusion, smart contracts can be legally binding when they adhere to traditional contract-law standards. Courts will enforce them if they demonstrate clear consent, proper disclosure, and valid signing mechanisms. The mere fact that a contract operates on a blockchain does not automatically confer legal force. By integrating on-chain automation with off-chain legal clarity, parties can enhance the enforceability of smart contracts while mitigating legal risks.
      <div>
        <img src="https://static.sosovalue.com/2025/11/28/9b01ff2b-d235-49ea-a798-6d6687d8deb0.jpg" alt="">
      </div>
    

Can Smart Contracts Be Legally Enforced?

智能合約在法律上可以強制執行嗎？

Soso Maniach

Soso Maniac

Charts don’t shout; they whisper. But if you listen closely, the trend always reveals the next move before the crowd catches on.

Market Whispers

市場傳聞

<div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="72362c8f-638d-4c0d-b09a-1f2fb11ecd1e"><div class="bn-block" data-node-type="blockContainer" data-id="72362c8f-638d-4c0d-b09a-1f2fb11ecd1e"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"> Strategies to protect capital.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="d72628e9-d94e-4dc4-ae20-729e0cdbe512"><div class="bn-block" data-node-type="blockContainer" data-id="d72628e9-d94e-4dc4-ae20-729e0cdbe512"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"></p></div></div></div></div>

How to Manage Risk in Crypto Trading

如何在加密貨幣交易中管理風險

🔥 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>
    

Another Move 😉🔥

另一個舉動 😉🔥

<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

金融服務的未來

SoSoValue bringing all Researchers together?

Introduce yourself 

Why are you here? Who are you? What Can you offer?

你為什麼在這裡？你是誰？你能提供什麼？

<div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="cbbcaae6-2227-4bb6-a824-de7eed4f885f"><div class="bn-block" data-node-type="blockContainer" data-id="cbbcaae6-2227-4bb6-a824-de7eed4f885f"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Turkmenistan has just passed a new law legalizing and regulating digital assets, including a licensing framework for crypto exchanges and mining, effective from 1/1/2026.  For a country that has been relatively closed, this is interesting news because it looks like a “selective opening”: they are not only allowing crypto to exist, but also putting it into an official regulatory frame so the state can control the flows.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="7584a7ea-3d7a-41be-8310-1185d086e523"><div class="bn-block" data-node-type="blockContainer" data-id="7584a7ea-3d7a-41be-8310-1185d086e523"><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="9d5481bd-3690-4f5e-9809-a9035bfe6b8c"><div class="bn-block" data-node-type="blockContainer" data-id="9d5481bd-3690-4f5e-9809-a9035bfe6b8c"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">If you look at the context, the decision is very practical. Turkmenistan is rich in gas, has cheap electricity, and large surplus energy capacity, so mining becomes a way to convert excess energy into USD revenue, a kind of “digital export” that does not need pipelines.  Other Central Asian countries have played this card at smaller scale before, and Turkmenistan is simply upgrading it into an industrial strategy backed by law. Plainly speaking, they see crypto as a sector that exploits energy advantage, not a financial game.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="6f11f948-f3c1-4397-9656-5b49d2c26a0a"><div class="bn-block" data-node-type="blockContainer" data-id="6f11f948-f3c1-4397-9656-5b49d2c26a0a"><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="f3aaf40c-96d9-4863-b373-daa3bd52079e"><div class="bn-block" data-node-type="blockContainer" data-id="f3aaf40c-96d9-4863-b373-daa3bd52079e"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">What stands out is that they are licensing both mining and exchanges at the same time.  That means the state wants to build an ecosystem “from production to circulation” inside its borders: mine coins domestically, trade domestically, and keep capital and businesses from flowing out. This mindset is very similar to how countries try to retain value in oil or precious metals: where the resource is, the value added should stay there.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="138516a0-4a66-467f-9bc0-cdadece5cfb1"><div class="bn-block" data-node-type="blockContainer" data-id="138516a0-4a66-467f-9bc0-cdadece5cfb1"><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="af63c023-64a1-4bab-a384-62ca6cc39113"><div class="bn-block" data-node-type="blockContainer" data-id="af63c023-64a1-4bab-a384-62ca6cc39113"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">In short, Turkmenistan legalizing crypto does not pump BTC today, but it is another piece of a long-term trend: many countries are starting to view crypto as an energy–technology–investment industry, rather than something to ban or regulate only on paper.  If Turkmenistan truly attracts large-scale mining, the global hash-rate map will keep shifting, and the next cycle will add new players from cheap-energy economies. This is the kind of quiet news that builds real adoption foundations, and its full effect is usually only visible after one or two years.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="c27d99ed-8123-44dc-a321-2a8fe64b7ce8"><div class="bn-block" data-node-type="blockContainer" data-id="c27d99ed-8123-44dc-a321-2a8fe64b7ce8"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"></p></div></div></div></div>

Turkmenistan legalizes mining and crypto exchanges: when surplus energy is turned into a “digital export”

土庫曼斯坦將挖礦和加密貨幣交易所合法化：當剩餘能源轉變為「數位出口」時

<div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="9566ed14-e1d4-49ef-90b7-4a9a3a457846"><div class="bn-block" data-node-type="blockContainer" data-id="9566ed14-e1d4-49ef-90b7-4a9a3a457846"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">l menu: Fresh ingredients, unique drI cannot provide financial advice or endorsements. Alpha plays are speculative.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="c3523bdd-db8c-42de-aadf-e171a6964fa6"><div class="bn-block" data-node-type="blockContainer" data-id="c3523bdd-db8c-42de-aadf-e171a6964fa6"><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="a2dc5229-9e6d-4c08-a396-2a51b20345e9"><div class="bn-block" data-node-type="blockContainer" data-id="a2dc5229-9e6d-4c08-a396-2a51b20345e9"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">However, focusing on SOSO, consider:</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="e122ebb5-3218-4240-a146-5fa84ecb4586"><div class="bn-block" data-node-type="blockContainer" data-id="e122ebb5-3218-4240-a146-5fa84ecb4586"><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="2daedf4b-f86e-42cb-aa81-bc75314287e6"><div class="bn-block" data-node-type="blockContainer" data-id="2daedf4b-f86e-42cb-aa81-bc75314287e6"><div class="bn-block-content" data-content-type="numberedListItem" data-index="1"><p class="bn-inline-content"> Revamping cocktai</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="af849e4b-34c3-450f-8f43-a574a79386a4"><div class="bn-block" data-node-type="blockContainer" data-id="af849e4b-34c3-450f-8f43-a574a79386a4"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"></p></div></div></div></div>

1. SOSO drink specials
2. Late-night SOSO bites
3. SOSO live music

1. SOSO 特色飲品
2. 深夜 SOSO 小點
3. SOSO 現場音樂

Hope you guys are embracing this dip! 🌊🌪️
cash in maxed out and bought another 4500 sqd!
and now i’m just casually waiting for her to pop ✨😘


🎉 Guess Who Just Scored Some SQD?!! 🔥💰🤑🚀

🎉 猜猜是誰剛剛獲得了一些 SQD？！！ 🔥💰🤑🚀

<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

如何解讀市場訊號

🇬🇧 MOVES TOWARD ‘NO GAIN, NO LOSS’ TAX RULE FOR #DEFI : A MAJOR WIN FOR USERS 

The UK government is proposing a new tax framework that would stop treating DeFi deposits as taxable events.

The “no gain, no loss” model , backed by major industry players, including #AAVE ’s Stani Kulechov , aligns taxes with how DeFi actually works and removes unrealistic reporting burdens. 

One of the most user-friendly DeFi tax proposals from a major jurisdiction to date.


JabirDex 💥 💥 
      <div>
        <img src="https://static.sosovalue.com/2025/11/28/91614152-8b89-4f02-add4-d81a30a6faf4.jpg" alt=""><img src="https://static.sosovalue.com/2025/11/28/10a68d1a-f62b-4ccb-aaf3-b55fbf329ce1.jpg" alt="">
      </div>
    

🇬🇧 UK JUST CHANGED THE GAME: “NO GAIN, NO LOSS” TAX RULE COULD REVOLUTIONIZE DEFI 🚀📉📈

🇬🇧 英國剛剛改變了遊戲規則：「無收益，無損失」稅收規則可能會徹底改變 DeFi 🚀📉📈

The Hottest Altcoins Right Now 🔥

(Ranked by Social Dominance)

• $SOL : 9.3%
• $MON : 3.3%
• $XRP : 2.85%
• $ZEC : 1.75%
• $ADA : 1.5%
• $SUI : 1.15%
• $BNB : 1.05%
• $ASTER : 1.00%
• $TAO : 0.95%
• $LINK : 0.95%
• $ICP : 0.85%
• $KAS : 0.65%
• $HBAR : 0.6%

      <div>
        <img src="https://static.sosovalue.com/2025/11/28/e865dd02-198c-4520-a0e0-2d53b6c5cdba.jpg" alt="">
      </div>
    

The Hottest Altcoins Right Now 🔥

現在最熱門的 Altcoins 🔥