AB Kuai Dong
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AB Kuai Dong
Square Verified+2016 年入行从业，专栏作家，兴趣内容分享和研究，现居东京。
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I am very glad to meet CZ in Tokyo. This is his return to Japan after 7 years, and during this time, the entire industry has undergone tremendous changes.
At this event, I asked CZ a question: How do you view the on-chain of everything and the tokenization of stocks?
He replied: There have not yet been large-scale coin-stock products on the market. The possible reason is that each country and region has different policies, making it difficult for coin-stock investors to receive dividends and easily redeem stocks. There are also price differences during trading. However, projects on the chain are usually global in nature, which was a significant pain point back then.
Restrict areas or try to solve it?
But he reiterated that the trend of RWA cannot be stopped. $BNB
At this event, I asked CZ a question: How do you view the on-chain of everything and the tokenization of stocks?
He replied: There have not yet been large-scale coin-stock products on the market. The possible reason is that each country and region has different policies, making it difficult for coin-stock investors to receive dividends and easily redeem stocks. There are also price differences during trading. However, projects on the chain are usually global in nature, which was a significant pain point back then.
Restrict areas or try to solve it?
But he reiterated that the trend of RWA cannot be stopped. $BNB
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Yesterday, the U.S. Department of the Treasury announced sanctions. Links to the Telegram join page for the cybercrime forum 1VPNS were posted, and within only about four hours, all t[.]me domains under Telegram—operated by the me domain operator—were shut down.
At present, a screenshot of an email shared within the community shows that the domain operator is under a U.S. Treasury-related department and, according to applicable compliance requirements, the .me domain has been forcibly set to a state where access is prohibited.
At present, a screenshot of an email shared within the community shows that the domain operator is under a U.S. Treasury-related department and, according to applicable compliance requirements, the .me domain has been forcibly set to a state where access is prohibited.
Bloomberg statistics: After DeepSeek completed its latest round of financing, founder Liang Wenfeng became the richest billionaire among global AI founders.
This company completed the funding round in June this year with a valuation of $50 billion. Although Liang Wenfeng himself invested $3 billion in this round, his ownership stake remains as high as 78%. While OpenAI and Anthropic are valued extremely highly, their shares are relatively dispersed.
This company completed the funding round in June this year with a valuation of $50 billion. Although Liang Wenfeng himself invested $3 billion in this round, his ownership stake remains as high as 78%. While OpenAI and Anthropic are valued extremely highly, their shares are relatively dispersed.
Partly True
Witness history. Due to the company’s preliminary Q2 results, revenue fell short of expectations, and some of the large customers whose paid intentions were originally planned suddenly breached the contract.
Since the bursting of the internet bubble, this is IBM’s most severe pre-market plunge in a single day, plunging as much as -24% after it was triggered. The last time IBM saw such a large one-day decline seems to have been in 1987.
Since the bursting of the internet bubble, this is IBM’s most severe pre-market plunge in a single day, plunging as much as -24% after it was triggered. The last time IBM saw such a large one-day decline seems to have been in 1987.
The first wave of shock from China’s declining birthrate has arrived. Caixin’s review shows that in 2025, the number of kindergartens nationwide decreased by 21,400, with nearly 59 kindergartens shutting down each day on average. The number of regular primary schools fell by about 8,000, the largest year-over-year decline in the past five years. Moreover, the number of students admitted to primary schools year over year dropped by 9.6% compared with the previous year.
It was bound to come, and it did. According to a Bloomberg report, Samsung Electronics has held preliminary discussions with some banks about plans to go to the U.S. to complete its ADR listing.
Insiders say that Samsung previously explored this plan, but ultimately decided to abandon it. However, recently, its competitor SK hynix has successfully listed in the U.S. and raised $26.5 billion, giving Samsung renewed impetus to pursue the move.
Insiders say that Samsung previously explored this plan, but ultimately decided to abandon it. However, recently, its competitor SK hynix has successfully listed in the U.S. and raised $26.5 billion, giving Samsung renewed impetus to pursue the move.
Partly True
According to Naver data from Korean brokers, the current average holding price of SK Hynix among Korean retail investors is 1.815 million KRW, corresponding to a U.S. ADR price of $121.
From this moment on, for every new 1% low that Hynix hits, 10,000 to 20,000 people will be liquidated.
From this moment on, for every new 1% low that Hynix hits, 10,000 to 20,000 people will be liquidated.
Partly True
SK Hynix continues to fall, hitting -5.57%
As of yesterday, 1.2 million South Korean leveraged accounts were issued margin calls due to open/close positions; among them, 320,000 to 360,000 accounts were completely liquidated by brokers, and some accounts showed negative balance debts.
This means that out of every more than 80 young people in South Korea, 1 has been liquidated in recent days.
As of yesterday, 1.2 million South Korean leveraged accounts were issued margin calls due to open/close positions; among them, 320,000 to 360,000 accounts were completely liquidated by brokers, and some accounts showed negative balance debts.
This means that out of every more than 80 young people in South Korea, 1 has been liquidated in recent days.
This generation of consumers doesn’t want to switch phones. Counterpoint data confirms that in the second quarter of 2026, smartphone shipments fell 11% year over year, the lowest level for the same period since 2013.
Although Samsung and Apple continue to lead the market thanks to die-hard fans who love upgrading to new devices, the purchasing willingness of mid- and low-end consumers is rapidly weakening. At the same time, rising memory chip prices are putting pressure on manufacturers such as Xiaomi, OPPO, and vivo.
Although Samsung and Apple continue to lead the market thanks to die-hard fans who love upgrading to new devices, the purchasing willingness of mid- and low-end consumers is rapidly weakening. At the same time, rising memory chip prices are putting pressure on manufacturers such as Xiaomi, OPPO, and vivo.
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The ones who didn’t win a lottery for SpaceX’s IPO are blessed.
The IPO price is $135. Just now, in the after-hours session, it directly dropped to $138. Now there’s no need to rush to buy—buy as much as you want, and you can get it.
The IPO price is $135. Just now, in the after-hours session, it directly dropped to $138. Now there’s no need to rush to buy—buy as much as you want, and you can get it.
SPCX-0.81%
SPCXUS-1.31%
The key evidence that finally completely collapsed literary internet celebrity Jiang Fangzhou this time is from a Douban blogger, ilad. Through content comparisons, it has been shown that her research paper 《Three Identities of Mary Shelley》 did not just copy others—it directly copied the original author’s content.
AB Kuai Dong
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In the past, campus literary internet celebrity Jiang Fangzhou was confirmed to have committed plagiarism in her thesis, and her master’s degree was revoked by Renmin University of China.
Previously, he was publicly accused by a Tsinghua University professor and several prominent bloggers, who claimed that his thesis bore an extremely high similarity to an article by the Taiwanese scholar Chen Zhongren. Then she denied it herself and reported to the police, writing a short piece to rebut the claims, saying she was subjected to malicious targeting and online bullying.
Previously, he was publicly accused by a Tsinghua University professor and several prominent bloggers, who claimed that his thesis bore an extremely high similarity to an article by the Taiwanese scholar Chen Zhongren. Then she denied it herself and reported to the police, writing a short piece to rebut the claims, saying she was subjected to malicious targeting and online bullying.
In the past, campus literary internet celebrity Jiang Fangzhou was confirmed to have committed plagiarism in her thesis, and her master’s degree was revoked by Renmin University of China.
Previously, he was publicly accused by a Tsinghua University professor and several prominent bloggers, who claimed that his thesis bore an extremely high similarity to an article by the Taiwanese scholar Chen Zhongren. Then she denied it herself and reported to the police, writing a short piece to rebut the claims, saying she was subjected to malicious targeting and online bullying.
Previously, he was publicly accused by a Tsinghua University professor and several prominent bloggers, who claimed that his thesis bore an extremely high similarity to an article by the Taiwanese scholar Chen Zhongren. Then she denied it herself and reported to the police, writing a short piece to rebut the claims, saying she was subjected to malicious targeting and online bullying.
Didn’t expect it would be China’s Hainan that moves faster than Europe.
Hainan’s official notice has confirmed that by 2030—i.e., in four years—there will be a complete ban on the sale of gasoline-powered cars in the region. It also plans to raise the share of electric vehicles in the local market from 23.7% to 45%, while Europe’s original plan is to implement the policy in 2035.
Hainan’s official notice has confirmed that by 2030—i.e., in four years—there will be a complete ban on the sale of gasoline-powered cars in the region. It also plans to raise the share of electric vehicles in the local market from 23.7% to 45%, while Europe’s original plan is to implement the policy in 2035.
The business prodigy is back online! Trump said that the U.S. will control the Strait of Hormuz and that they will manage it, and from now on other countries will have to pay for it.
He believes the U.S. has been protecting that strait for everyone for free for more than 50 years, and other countries have benefited as a result, so they must pay the U.S. for it.
He believes the U.S. has been protecting that strait for everyone for free for more than 50 years, and other countries have benefited as a result, so they must pay the U.S. for it.
Official tickets 168; the outside price has been inflated to 566
This should be the largest AI conference in China’s past, and also the first time a head of state has attended in history
This should be the largest AI conference in China’s past, and also the first time a head of state has attended in history
Interesting facts: besides Shanghai, South Korean guys' biggest travel destination in China is actually Macau. There are 4 to 5 flights per day, and the route frequency is even higher than most major first-tier cities on the mainland.
As for why there are so many South Korean guys frequently going to Macau—people who know, know.
As for why there are so many South Korean guys frequently going to Macau—people who know, know.
Brother who was fired by ByteDance and sued—his startup valuation is 200 million.
Previously, because he was working at ByteDance and was dissatisfied with the team’s resource allocation, he allegedly tampered with code and maliciously attacked internal projects, leading to his dismissal as an intern, Tian Keyu.
The latest update is that he has started a business in the world model field and has received investments from multiple angel investors, with a valuation of 200 million. He is currently also a PhD student at Peking University and the winner of the NeurIPS 2024 Best Paper Award.
Previously, because he was working at ByteDance and was dissatisfied with the team’s resource allocation, he allegedly tampered with code and maliciously attacked internal projects, leading to his dismissal as an intern, Tian Keyu.
The latest update is that he has started a business in the world model field and has received investments from multiple angel investors, with a valuation of 200 million. He is currently also a PhD student at Peking University and the winner of the NeurIPS 2024 Best Paper Award.
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It’s not that the market is bearish—it’s that this batch of retail investors is running fast. Multiple data points show that this year, net inflows from retail investors buying U.S. stocks have fallen to the lowest level since the 2020 COVID period.
The characteristic of this batch of retail investors is that they tend to bet on popular themes, but once the wind shifts, they quickly clear out and exit.
The characteristic of this batch of retail investors is that they tend to bet on popular themes, but once the wind shifts, they quickly clear out and exit.
Verified
Too crazy—South Koreans taking out loans have run through the banks’ allotted credit limits.
MK discovered that statistics show the South Korean government sets an annual cap on how much banks can expand credit loans and other household loans. As a result, in the first half of this year, the country’s five major banks already used 85% of the full-year quota, driven by strong demand for stock trading.
This means that in the second half, banks may tighten lending. People who plan to borrow money to trade stocks or speculate on real estate will find it harder to get loans.
MK discovered that statistics show the South Korean government sets an annual cap on how much banks can expand credit loans and other household loans. As a result, in the first half of this year, the country’s five major banks already used 85% of the full-year quota, driven by strong demand for stock trading.
This means that in the second half, banks may tighten lending. People who plan to borrow money to trade stocks or speculate on real estate will find it harder to get loans.
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