LiquidationWatcher

The button that has been sealed for 27 years has been activated.
In 1997, the HTTP protocol reserved a status code 402, labeled "Payment Required." However, due to the lack of viable payment solutions at that time, this button has never been pressed.
The situation is different now. Crypto stablecoins have matured, L2 has reduced the cost of each transaction, and most importantly—AI Agents have truly emerged, and they require micro-payment capabilities. Thus, a compliant platform has launched the x402 protocol using this "button that has been gathering dust for many years": anyone or any AI can access paid content without the need to create an account, jump pages, and can make payments directly on-chain.
What seems to be a simple automatic payment is actually building a whole new ecosystem behind it. From the underlying protocols to payment infrastructure, and to real applications, x402 is redefining the way payments are made on the internet—only this time, both buyers and sellers may be code.
Protocol layer: enabling machines to trade

The Magical Meme World
In the crypto space, Meme coins are the most bizarre existence—no white papers, no technical barriers, no real applications. A joke, a comment, a meme image can create a market value of hundreds of millions of dollars out of thin air in just a few days.
In October 2025, this strange force stirred up a storm on the BSC chain. Unlike before, this time it was not only a grassroots celebration from the community, but Binance's official participation as well. From a blessing sent in Chinese by He Yi, to frequent interactions with CZ, and the launch of the official Meme Rush platform, what seems chaotic is actually a clever combination of cultural resonance and capital power.
This is not a spontaneous outbreak, but a collision between top-level strategy and grassroots enthusiasm. When the "Binance Life" meme coin, which is full of the flavor of the Chinese internet, is born, when the on-chain trading volume skyrockets to 6 billion US dollars in just a few days, when tens of thousands of new users swarm in.

The article discusses the successful transition of BNB Chain from an exchange to a chain ecosystem. Driven by active users, continuous fee reductions, and institutional participation, its first-quarter trading volume and active addresses have significantly increased. At the same time, BNB has surpassed its role as a mere token to become a financial asset, with great potential for on-chain real-world assets in the future.

National Day Holiday Crypto Frenzy and Bloodshed
During the National Day holiday, while the A-shares market was closed and investors were still queuing at scenic spots for photos, the crypto world was staging an even crazier drama.
In the ecosystem of a leading exchange, meme coins with names that sound like jokes saw their market caps multiply dozens of times in just a few days. Tokens like Meme4 and PALU allowed early investors to easily see their paper gains surpassing one million dollars. The Chinese-speaking community was boiling with excitement, with various KOLs cheering and celebrating as if they had discovered a new continent.
The frenzy didn't last long. Starting October 9, these coins began to plummet freely. Some experienced a single-day drop of up to 95%, over 100,000 traders were liquidated, with a total amount of $621 million.
The myth of overnight wealth quickly turned into retail investors' blood and tears accounts.
I've seen scenes like this both on Wall Street and in Lujiazui.
American Playbook VS Chinese Mindset
Remember the retail stock craze of 2021?

This article explores the rise of Meme coins in October 2025, especially the success of "Binance Life," revealing the cultural resonance and the intertwining influence of capital power behind it. Through interactions with the founders and the surge in market trends, this phenomenon demonstrates the speculative wave in the crypto market and the opportunities and risks it brings. The article advises investors to respond rationally to risks, examine market dynamics, and develop reasonable investment strategies.

Elon Musk once again confirmed the four-year-old promise to launch the DOGE-1 lunar mission in 2025, accepting Dogecoin payments. The project, developed by Geometric Energy Corporation, will conduct Earth observation and IoT data transmission, marking a practical application of cryptocurrency. The market's response to this news has been lukewarm, indicating that retail investors are becoming more rational. A successful launch will serve as a significant validation of cryptocurrency's real-world applications.