# Xi Ye's Trading Diary $XNY has been dominating the Alpha rankings for the past two days. There are quite a few projects that have surged, but the ones that can maintain their position for two days seem to have a solid background. Many people only see its recent surge from the ground up to a 120% daily increase, but they overlook that it has actually been grinding up from historical lows. Behind it is @codatta_io, which is not the kind of AI project that operates behind closed doors: On one hand, they have directly uploaded part of their dataset to HuggingFace, placing themselves on a globally visible stage, connecting with the AI circles in Silicon Valley, Europe, and Asia. On the other hand, the distribution of data assets is very clever—10% is open-sourced for exposure, while 90% is reserved for commercialization, allowing community engagement and revenue opportunities to run in sync. As the first Booster project, it has a solid financing background, a steady launch rhythm, and is advancing on both narrative and real trading fronts. As for whether it can continue to maintain its performance at Alpha in the future? Is it worth keeping an eye on long-term? I will continue to watch.

# Xi Ye's Investment Research Diary @Sidekick_Labs This Web3 live streaming platform, I've been following since last year, and today I'm doing a phase review. First of all, during the TGE, the team indeed had quite a few issues with rhythm and details regarding $K: the rewards for Kaito yap were distributed two days later than the community airdrop, which made some users feel that the project team and KOLs were cashing out early. After the price correction, this feeling was amplified. At the same time, the yap airdrop terms were modified shortly before the launch, with only 0.15% of the first phase rewards being unlocked, leading to a significant reduction in actual earnings for many high-ranking participants. These rhythm issues, combined with market sentiment, can easily trigger controversy. From a model perspective, the "haircut" (撸毛) is indeed the core driving force behind Sidekick's early growth, essentially keeping people on the platform through rewards and sunk costs. The explicit sunk costs are fees and gas, while the implicit ones include the audience, points, rankings, and the attention, influence, and even business opportunities that come from building up a live streaming account. This sunk cost can aggregate users in the short term, but it can also create dependency for the platform. Once the rewards decrease, the retention pressure will be very high. Looking at it now, Sidekick has indeed attracted a certain scale of content producers, but whether it can meet the growth on the demand side is the key to determining whether it can move beyond this phase of growth.

🥳 $JU breaks $14, setting a new historical high!

# Xi Ye's Investment Research Diary Just now, my aunt's $ETH suddenly surged, the reason being that when the key level of 4100 was broken, quant traders and traders rushed in to take the breakout long positions, resulting in a scene reminiscent of the E-sword opening the heavenly gate. Good news keeps coming in waves, and market sentiment is starting to show some FOMO. I chose to take half of my profits first. If you are optimistic about the Ethereum ecosystem, just go for $ETH; if you are optimistic about Bitcoin's ecosystem, buy $BTC; if you are optimistic about BNB, just choose $BNB.

# Xi Ye's Investment Research Diary The $USD1 points system is finally going live, directly bringing the stablecoin narrative to a practical level. As you all know, I mentioned before that the WLFI system is not a single-point breakthrough, but rather forms a closed loop through $USDf + wallet + incentive mechanism, truly turning stablecoins into usable assets. 🎁 Airdrop for 10 people, each receiving 10 $USD1, with the draw happening 24 hours later. 🪂 How to participate: Follow @YAKING168 @0xDylan_ Like and retweet this post.

# Xi Ye's Investment Research Diary Previously, when I wrote about $WLFI, I mentioned that it is not just a single token narrative, but rather aims to adopt a comprehensive approach that combines platform, product, and asset strategies. It seems that this project is continuing to advance: today, the official account clearly confirmed that the WLFI wallet product will be launched soon, and the points system is also about to start, targeting one direction — to truly get $USD1 moving. In terms of pace, Falcon is currently the fastest segment in this on-chain stablecoin network. The growth curve of $USDf has basically been on a steady rise, with circulation surpassing 1 billion USD, quietly making its way into the top ten stablecoins on DefiLlama, and just completing a 10 million USD funding round from WLFI. More importantly, Falcon has just landed on the BNB Chain, bringing over 100 million USD in liquidity right from the start, directly solidifying the expectations of wallet + stablecoin + ecological interaction. Looking back now, WLFI's strategy is already very clear: rely on Falcon to drive circulation, stimulate usage through the points program, and use the wallet as a carrying tool, gradually materializing the entire stablecoin narrative. If this system works, not only WLFI itself, but also the external projects and supporting assets surrounding it could become very imaginative.

We’ve released the Points Checker, for @MeteoraAG Season 1. Reminder: Season 2 is on-going.

# Xi Ye's Investment Research Diary Right now, I'm still on Spacce, and the questions from the host have left me in deep thought — does the development of the industry still align with everyone's initial expectations? After some contemplation, I'll just casually share my thoughts. To be honest, when I first entered the space, I was influenced by Jiu Shen's "Hoarding Bitcoin," and my mind was filled with ideas of peer-to-peer, anti-censorship, and borderless finance. But looking back now, I realize the entire industry has changed. Regulations have been implemented, the U.S. government's involvement in the industry is deepening, CEXs are continuously becoming compliant, and KYC is everywhere on-chain. The future of Web3 is likely to unfold within the frameworks of laws, regulations, and even large institutions, gradually striving for a bit of technological empowerment. A completely free, punk-style future may not fully arrive, but can we hold onto a part of it? Can we still leave behind some sparks of decentralization? I think it's worth a try. Although the direction is different from what we envisioned back then, I still have high hopes for this industry. At least, through the efforts of this generation, we can leave behind something unique. Attached is Jiu Shen's "Hoarding Bitcoin":

🔥 Crypto Decade: From the Birth of Ethereum to the New Policies in the White House, How to Strategize for the Second Half of the Bull Market? ⏰ Time: July 31st, 19:00 (UTC+8) 🔗 Link: 🎙 Host: @JuCoin_ZH 🗣 Guests: JuCoin CEO @Sammi_JuCoin Time @Sa1ted___Fish Ever-Profit Xi Ye @YAKING168 flyawei @flyiiawei ✅ Like, retweet, and follow the above guest speakers, leave your most concerning topics in the comments, and we will randomly select 3 listeners after the Space ends to each receive $20 USDT. ✨ Reserve the Space, and let's chat about the current hot topics.

# Xi Ye's Investment Research Diary The stablecoin sector has been consistently hot lately. I just saw a significant move: @FalconStable announced its official launch on @BNBCHAIN, and they are coming in with over $100 million in liquidity, which is quite impressive. The synthetic dollar $USDf launched by this project is growing really fast, with a circulation surpassing $1 billion. It has already made its way into the top ten stablecoins on DefiLlama, and there aren't many that can achieve these numbers this year. Many projects become conservative at this scale, but Falcon is instead going on the offensive. Coupled with the recent completion of a $10 million financing from @worldlibertyfi, it can be basically confirmed that their next strategy is to expand from cross-chain to direct competition between chains. Not only is the scale increasing, but their strategy is also very ambitious, making it worth keeping an eye on.