Axis上Coinbase了，之前说过这个项目应该不会差的，Base这边也一直挺支持他们。 另外 @KaitoAI 的榜单也出来了，很多人没留意还有这么个嘴撸的项目，看了下拿到币的不少是小博主，等TGE后搞不好能吃肉。 最后恭喜 @axisrobotics 和 @0xsexybanana 一下。

New name. New CEO. Next up, the @Nasdaq Opening Bell. 🔔 On October 26, BNB Standard (Nasdaq: $BNC) will ring the @NasdaqExchange Opening Bell to celebrate our new name and leadership, with CEO @odagius alongside members of our Board of Directors, management team, investors and ecosystem partners. More details in today's release: bit.ly/4zF1nbv #NasdaqListed

We are excited to share that $AXIS has been added to the Coinbase listing roadmap. Proud to be building robotics on Base since day 1. Huge thanks to @base, @baseapac, and everyone in our community for the ongoing support. Excited to scale Physical AI with @Coinbase.

昨天终于跟巫师 @0xcryptowizard 见到面， 聊了 2 个多小时，如果不是后面约了 Metamask 其实还想继续聊，意犹未尽。 与不同的人聊不同的事，如果大部分与币圈小伙伴聊的是眼前的机会，是具体的某个投资或者交易，是“术”，那么与巫师聊的是可以跨度一生的投资逻辑思考，投资体系搭建，是如何完善自己，是“道”。 现在我也理解巫师为什么会经常在推上输出那些类似哲学家似的观点而不是具体 call 某个标的。 他跟我聊王阳明的心学，聊知行合一，聊如果资产再涨 10 倍与资产缩水 10 倍会带来怎样的影响进而调整投资风格，聊查理芒格也有耐不住跳出自己投资框架差点破产，聊如何搭建完善自己的交易框架并追逐自己的“道”，内容非常丰富，知识体系非常之庞大。。。。 真的很有意思，我每天忙忙碌碌的追逐各种机会，其实已经很久没能静下心来思考投资和交易的本质，全凭本能在对自己的投资体系修修补补。与巫师这种思想家的碰撞可能触动和收获会远大于我跑个会捡到5个未来大满贯项目的投资。 之前有读者问过我一个问题： 看你们推上晒天天赚钱，怎么也不见退休呢？当时我的答案是因为赚钱上瘾，刺激太强外界我找不到更好的替代方式。 现在我觉得还有一部分答案是： 在这个过程中我有机会发现自己不足的地方，认识到与高手的差距和自己的优势，然后想尽办法完善自己。且我可以通过一个个投资机会的表现检验自己是否有进步和提高，而赚取到的欢乐豆是最直接的成果反馈。 再简单点说，就是在修炼投资的过程中变成更好更强的自己，这跟打游戏不断给自己的角色升级的沉迷感很像。 至于你的天赋是在投资/交易/套利/撸毛/社群什么地方，这在早期都得尝试一下才能知道，就跟你打王者荣耀自己擅长哪个角色，哪个分路跟贴近你性格一样。 之前只是有个模糊的感觉，昨天跟巫师聊完以后思路更系统和清晰化了， 未来还有几十年的时间完善自己的投资和交易之道，这玩意儿跟修真小说里的情节很像，追逐道的过程永无止境，是一辈子的目标。 巴菲特最牛逼的地方在于他在自己的投资体系里能一直坚持和打磨，最终摸到他自己的天道。我等凡人不奢求能到他的境界，但至少对比过去的自己要能持续进步就好了，赚到钱💰是水到渠成的事情。 趁早上睡醒脑子清醒记录一下，接下来又要忙碌一整天了，GMGM

A note on transferability. Papertrade is a complicated primitive, and managing it from a risk standpoint is a complicated problem. The PAPER token is far more integrated into the economics of the primitive than most tokens are in their respective protocols today, and, broadly, was designed to act as a counter insolvency incentive coupled with a rebate mechanism to losing traders. Market makers and exchanges are by far the two most profitable businesses in crypto, and our goal was to try and externalise as much of their margins back to users as possible. We are now just over a week into the life of papertrade and we are becoming increasingly confident that this is both possible, but also a likely outcome as agentic led software becomes the norm. As it stands, the paper token traded as a perp becomes a leveraged bet on bankroll solvency - and being able to short bankroll solvency materially changes the payoff curve of a manipulation attack. The target number goes from the bankroll, to the bankroll + short side exposure on paper. We can, and do limit bankroll size specifically to control this payoff curve and ensure it never becomes existentially problematic, but external perp markets are not something we would have any control over if left to float of their own accord. For example, if our bankroll is $10m, an attack costing $15m manipulating the price of bitcoin or ether is not viable. You simply lose money. If however you were also able to put on $10m of PAPER short side exposure, suddenly an attack costing $15m is very viable indeed. If we were to make the token transferable at this point, we are confident we would quickly enter a state too dangerous to allow any material exposure to be taken on papertrade, an end result that benefits no party beyond the wolves who have done the math on the short and are waiting in the wings with sharpened knives. We would also like to thank the various perps teams who have reached out about pre-market listings for their understanding and patience regarding this issue, and especially to the paragon team who, despite jumping the gun on us, have behaved with the utmost integrity and transparency once a dialogue was opened. Perps on PAPER will always act as a self-limiting exposure ceiling for a token with this type of utility, and we think it would be a shame to limit the growth of papertrade to the extent that allowing perps would necessitate. As such, at this juncture we do not have plans to allow off-contract token transferability. Structurally, papertrade is limited by the quality of the data it receives from hyperliquid, but we strongly believe that hyperliquid has a very large part to play in the future of global exchanges, and expect their books to continue to thicken and strengthen over time. A note on fees. Papertrade launched with a deadband fee from entry of 0.2bps. This means you don't earn anything until the price has moved by 0.002% in your favour. Over the months before launch, we played around with many different curves and fee structures affecting exclusively positions closed very close to entry price in order to try and devise a structure that removed the edge against the bankroll low time frame scalp bots have, whilst also minimally impacting the traders around which and for whom the product was devised. We were never able to find anything we were absolutely happy with and so decided to stay with the 0.2bp deadband fee through launch. This has however meant we have had to be very restrictive when it came to certain parameters, such as OI caps. Now, however, we have enough live data to fully understand exactly which strategies work, and to make the necessary changes to stop them. The changes we are making will have an on hours and off hours fee mode to account for the relative differences in liquidity the hyperliquid books see between these two time periods, and the ease with which low time frame moves are signalled. The changes we are making will only affect positions closed within 6bps of entry (0.06%) in on hours, and 10bps (0.1%) in off hours. Any trades closed above these threshold price shifts will see no change to their fees at all. On a look back to launch basis, these changes affect the profitability of bot strategies roughly 15x more than they do normal traders, for whom a very small proportion of overall winnings come from within this band. These changes should serve to flatten much of the edge our microfee structure necessarily creates on low time frames, and will help with long term exchange sustainability. This should hopefully allow us to open up parameters such as OI caps a little more so those of you who wish to can put on the size you want to, when you want to. It is possible these changes are still too lax, and that further revisions to this structure may be necessary going forwards. If so, we will notify users ahead of time. A note on paper tokenomics. In conjunction with the fee changes, we will also be implementing a change to the token issuance curve. Going forward, every $1 lost mints a fixed share of PAPER's supply at that moment, roughly 0.1% of supply per $1M lost (the exact number depends on the mint rate at the time the contracts are upgraded). PAPER minting in and near insolvency will also change, switching from a flat 100 per $1 of loss, to a time weighted multiplier on the curve growing over time, effectively acting as the house running a discounted auction on its own future cash flows. This change also removes the risk of the paper-mint-straddle-attack, temporarily pushing the protocol insolvent by closing only the winning side of a large straddle position and then attempting to mint as much paper as possible. In the immediate term these changes will only have a very subtle effect on PAPER minting, but in the long run will structurally change the outlook of the system beyond the first few weeks, serving to slowly dilute out older holders and leaving more recent users with an advantage. Reconstituting the PAPER system into something much closer to the exchange rakeback it was intended to be. We have been very reticent to touch this particular aspect of the system for obvious reasons, but ultimately we believe that these changes provide all users with the optionality to take a smaller piece of a potentially much larger pie than the current dynamic might necessarily allow. Other, miscellaneous notes. These contract upgrades will include a few other contract changes, including the addition of builder codes so that builders can utilise papertrade in whatever capacity they choose to. This will be a whitelist only to begin with and we will have more for you later in the week on where/how this will be rolled out. A small change to contract permissions on the reward distributor and a change on how below bust closes are processed by the exchange are also included, largely to block gas griefing attacks. These changes will be pushed to docs in full over the coming day, and we will further announce once the changes are queued into the timelock pending final security passes, scheduled to go live 24 hours after that point. Final note. We'd like to thank everyone that has tried out papertrade over the last 10 days. It has been a labour of love building this product and both of us have been taken aback at all of the positive feedback we have received. We'd also like to thank all those of you who have spent considerable time musing on the system we have built, and much of your advice has been taken onboard and will likely affect the colour of what papertrade becomes going forward. We know some of these changes will be unpopular with some, but we would not be making them if we did not feel them to be absolutely necessary. - blurr, jez

突然被团队告知上了Binance 2026 Blockchain 100里的trader提名，要求我要好好拉票😂 每人每天可以投1票，我先自己投自己一票了. 除了trader以外，还有influencer和content creator类别，你们觉得我应该投谁？ app.binance.com/uni-qr/cact2…

axis robotics 最新的kaito榜单应该今天或者明天就会发布。 新的榜单前100名我一个一个检查过，都比较solid，没有看到过于明显的刷量痕迹。 也想公开、及时、透明的跟大家沟通一下在过去着十天，我们究竟在对榜单做什么调整。 —————— 新的kaito榜单的工作原则 1）以影响力为北极星指标，也即以你的文章到底有多少牛逼的人看到，影响到了多少人的心智为最核心原则。而非以篇幅、数量或者创作的用心程度为考核指标。 2）无论是axis 团队或者kaito团队都不能就个人喜好对榜单上的某个人做单独加权或者单独加黑白名单，而是通过制定规则，让算法计算与排名。保证规则的一致性。 3）有过任何fud的创作者会被识别，并且不会上榜。 —————— 榜单计算考虑了什么因素？以及，为什么之前的榜单那么“气人” 之前的算法计算： 更关注单条推文的engagement（点赞转推评论），导致大量在tg和微信互助群里互相点赞的创作者排名很高，而真正有影响力的kol（因为他们不怎么做engagement farming），导致排名很低。 修正后： 1）更关注creator本身的smart follower人数。（回归影响力原则） 2）关注creator过去3-6个月平均推文数据。而非仅仅看讲axis的推文数据。 3）算法识别互相点赞的互相engagement farming的“小圈子”（infofi组织，flywheel dao之类的群体），给予一定程度的降权。 所以： 修正后的榜单， 1）organic真实的创作者排名更靠前 2）有影响力创作者更靠前 3）kaito infofi互助创作者会被降权，但不会被除名。为了确保规则的公平性，我不能直接删除这样的人参与排行榜上，只能尽量调整算法，降低权重，保证规则一致性。 —————— kaito团队还是很负责任的，在过去十天，我们至少迭代了五次排行榜，直到算出一个我认为是合理的榜单。 期间我觉得最大的问题出在一开始对于北极星指标的不明确和engagement farming行为的界定上。不过align了规则之后，工作也非常顺利。 最后想说， 世界上没有绝对公平，有人钱多了，就会有人钱少了。我们能做的就是确保规则的合理，以及执行规则的过程里，保持透明和一致性。

虽然跑到上海没参与上活动，顺带连晚宴也取消了（没混上饭)，但我很大程度上理解为啥会临时发生变动，毕竟这是在对加密货币政策上极度敏感，数次多部委发文联手重锤的国家金融重镇，大张旗鼓的搞事。 跟知情的小伙伴聊了一下，其实活动筹备了小一年，连办公室都租好了，怎么可能像一些人嘲讽的一样没跟相关部门报备，真当那么大个团队都是纯老外一点不懂规矩？🤣🤣🤣 何况这已经是Solana在中国尝试搞活动的第三年了（去年在北京的活动也是我报了一下结果引发传统媒体关注导致赶紧删帖熄火😂😂😂） ，吃一堑肯定要长一智的。 今年他们还聘请了专门的GR（Government Relationship）来协助，会议相当多的敏感词都不能提了，只是集中在区块链技术本身上，就是为了尽可能的规避风险。 但只能说中国的体制特殊，除了现官还有现管，除了地方还有上级，跟一个部门报备好了不意味着别的部门不能来掺一脚管一管。 任何一家说不让那就弄不成，你还能指望别家站出来帮你撑腰说非办不可？在当前的中国政治生态里这不现实。 在国内做过实体生意的大概应该能理解我的意思，消防税务卫生街道个个都是爷，更何况Solana搞的还是Crypto这个敏感行业的破冰首家。 而且前天的外滩大广告过于高调，引发的曝光超过了预期，形成了国内外社媒的大量传播，这种舆论压力也有很大可能导致了预料之外的额外力量干涉。 我个人其实是很钦佩 @calilyliu 为首的 Solana foundation @SolanaFndn 的勇气和毅力的，如此锲而不舍的试图在中国内地打开口子，Solana应该是我看到的唯一一家。 大部分项目团队能做到国内城市小规模搞个饭局，跟社区见见面已经很不错了。 但Solana 是真的想要把Blockchain技术带进国内主流视野，想把在美国已经如火如荼的Tradifi在国内也打通，难度之大可想而知。 不过换个角度考虑，如果真的万一被他们打通了，搞成了，回报必然极为丰厚。 比如改革开放初期的德国大众，1978年就开始跟中国谈合作，直到1984年才签下上海大众的合资协议，前后磨了六年。中间最初的大规模建厂方案走不通，还得调整路径，从组装和逐步扩大生产做起。 后来回报有多大？仅2015年一年，中国合资企业按大众持股比例计算的经营利润就有约52亿欧元。 所以先进去的人，承担的是探路的成本，也有机会吃到市场打开之后的长期红利。当然，前提是这扇门最后真的打开了。 最后在嘉里中心楼下吃了一顿pizaa滚蛋了，听说还有小伙伴从新加坡飞过来参加活动的，比我还远，心理平衡多了，哈哈。 预祝 @solana 后续几站能顺利吧

我刚飞到上海手机有信号就看到这个消息，专门中断了休假跑过来参加Solana活动的啊，真是人都麻了😭😭😭 看这次连外滩广告都大张旗鼓的打了，还以为已经把当地搞定了，牛逼啊，想着怎么样也得来看看。 结果活动最后一分钟被叫停，大概率是被举报了，还是中国特色，区块链还是一如既往地畏如蛇蝎，ε=(´ο｀*)))唉

我嘞个艹了，这是真的在飞啊，看了半天确定不是AI做的，太酷了！ 想起了曾经熬夜不睡等着看Apple发布会时候的激动感，还得是这种新品才能让人肾上腺素分泌啊😭 昨天买了iPhone 的18 pro max，拿到手感觉跟握结婚多年的老婆手一样，心跳没有加快一拍，只是以后能续航略久一点而已。即便是Duo在玩了家里人的国产宽屏几天后也没啥兴奋冲动。 真是不得不爱 @elonmusk ，具有创新和冒险精神，还能在商业上成功的人才是最有魅力的企业家。 Jobs之后，能持续让人嗨的，也就他了吧？

Sad to see. Looks like they really didn't know the local policies? But it's not the first time either, same thing happened less than a year ago: xitter.cf/wublockchain12/status/…

币圈正在并将继续进入长期且乏味的阶段 也就是说，它不会死，但是也不会有太多创新和让人兴奋的东西 比特币以太坊等已有的技术路线基本实现，币圈内生的需求基本满足 但老大哥开始了解你了，像铁笼困住你向外延伸 头部区块链和头部交易所都会活得不错，但也不再有多少新人加入

BREAKING: Tesla's Roadster flips off a ramp and hovers back to the ground. "Flying cars are real."

本来就是顶着币安系的光环出来做的Perp，注定了也只能在币安覆盖的用户群体里做道场，难以从欧美用户那边分杯羹。 当主力扶持的Aster都在与Hype的竞争里磕磕绊绊，哪里还有更多空间去再容纳一个儿子呢？ 更何况Perp赛道的人还在越来越多，连polymarket 都要挤进来。 加上最近币安对Perp上币名额给的慎之又慎，强行发币上个Alpha不但赚不到多少钱还要背负大量负面压力(创始人都是实名的)，估计这才是团队最终选择直接偃旗息鼓的原因。 这个我没有投KOL轮也没有去撸，不知道参与的小伙伴最终收益情况如何。 刚才看 $DUSD 在恐慌里被砸脱锚3个点，现在已经基本都拉回去了，说明团队还是要脸的，希望最终 @StandX_Official 能体面的退场吧。 现在已经到老VC币去库存的尾声了，很多发不出来的项目可能就再也出不来了，珍惜那些还愿意发币，尤其是愿意真金白银拿一大坨币给早期用户的项目们。 比如 @variational_io, 比如 @predictdotfun ，最近就期待一下这两个了🥰🥰

.@predictdotfun has flipped Polymarket in 5-min BTC up/down market share. Slowly but surely 🔮

We have an important update to share. StandX will airdrop $DUSD with no lockup and will not proceed with a token launch. Airdrop claims open November 1 and close December 31. Perps moves to Reduce-Only on October 20. Positions close January 15. Withdrawals and redemptions close January 31. Full announcement article in the next tweet.