币毒

Is shorting Hynix $SKHYNIX really happier than shorting SanDisk $SNDK ? That spike just now blew me out of bed and made me research for a long time, but I couldn’t find the cause.

When I looked back at the group chat, I found out it was an eagle (after-hours) liquidation—positions held off-exchange were also closed. Combined with the stop-loss level of 1700, which is a common stop for many people, it directly squeezed upward to take the longs, and it surged 6%. It briefly topped at 1774 before quickly pulling back.

By contrast, for Hynix and Micron… short sellers are doing pretty well.

August 17 Morning News: Don’t get excited about the market at first—the overall performance of mainstream coins is still just a minor pullback. BTC 62,860 USD (-0.26%), ETH 1,877 (-0.19%), BNB 601.85 (-0.83%), SOL 74.57 (-1.09%). Total market cap across the entire network is about $2.24 trillion, and the funds are still waiting for direction.

My take: This feels more like range-bound consolidation that shakes people out, not a situation where the trend has completely turned bad. Don’t chase randomly today—watch whether BTC can hold the 62k line. If alts want to rebound, they’ll also have to look at their leader’s mood first.

Early, the market still leans toward range-bound movement. BTC 63024（24h +0.10%），ETH 1881（+0.01%），BNB 607（-0.06%），SOL 75.43（+0.17%）。

The total market cap across the whole network is about $2.25 trillion, with BTC accounting for 56.16%. From last night to now, price action has basically not broken out of the prevailing trend; the funds seem more like they’re waiting for a direction.

My view is the same as usual: don’t rush to chase; first, see whether the key levels can break out with volume and hold steady.

August 15 Morning Brief: The overall market is still in a minor pullback. BTC 62957 (-0.8%), ETH 1880 (-0.3%), BNB 607 (-0.5%), SOL 75.3 (-0.9%). Total market cap across the network is $2.25 trillion, with about a 0.59% decline over the past 24 hours. Overall, it’s still choppy and frustrating—don’t rush to chase. First, keep an eye on trading volume and whether BTC can hold steady around the 63,000 level.

woc this team is suspicious, gotta run

Quick morning update: BTC is currently at 63,475, basically flat over the past 24 hours; ETH 1,887, BNB 610, and SOL 76—all have only seen mild intraday fluctuations. The total market cap for the whole network has returned to around $2.27 trillion, and the market still looks like the typical “no direction, but money hasn’t left.”

My take is: don’t overthink a big move in the short term—just accept that this is a grinding range right now. BTC is still holding the flag; the majors are following with small incremental steps. Sentiment hasn’t crashed, but it also hasn’t reached collective euphoria. This level is better for watching shifts in strength/weakness and trading volume—less chasing, and more patience.

The morning news is here: BTC $63,518, ETH 1,879, BNB 610, SOL 75.6 — overall, the majors are still largely moving sideways. The total market cap across the entire network is about $2.26 trillion, down slightly by 0.28% in the past 24 hours, and trading volume has ticked up a bit. On the news front, the U.S. July CPI largely came in line with expectations, and BTC is still holding around $64,000. With no fresh story in this price action, let’s see who makes the first move in the range.

Before challenging Big Bro on the peak, I need a bit of encouragement after getting stuck at that bar in Seoul—give me a like and let’s go 🛫

August 12 Morning News: The market is still grinding, and overall it isn’t weak. BTC $63,687, 24h -0.46%; ETH $1,880, +0.38%; BNB $617, +2.92%; SOL $76.27, +0.58%. Total global market cap is about $2.27 trillion. It still looks the same as before: BTC is relatively steady, altcoins follow the rotation—don’t chase in the chop; focus on the rhythm first.

Morning. First, take a quick look at the board: BTC 63983, ETH 1873, BNB 599, SOL 75.8. Over the past 24 hours, most are seeing slight pullbacks, and the drop in BTC/ETH is close to 1%-2%. The total market cap across the whole network is about $2.27 trillion. Sentiment isn’t panicky, but in the short term, things still look choppy.

My feeling is that, until we see a breakout with strong volume, chasing at higher prices isn’t great value—so it’s better to be a bit more patient and wait for a clearer entry point.

South Korea’s first meal was still a bowl of noodles, hahaha 🤣

Sorry, my friends
This time, once again, I’m just going to leave on a whim
The Shawshank Redemption says
Some birds can’t be caged
You know me too
I’m not exactly a good bird
Have a pleasant trip for me
Or don’t—I’ll be happy first

August 10 Morning News: The broader market is still relatively stable. BTC $64,947 (24h +0.03%), ETH $1,912 (-0.21%), BNB $603.8 (+0.11%), SOL $76.5 (+0.74%). The total market cap across the whole network is about $2.30 trillion. There isn’t much new catalyst on the news front; the funds seem more like they’re waiting for direction. My feeling is that in the short term, keep watching for rotation—don’t chase gains, and wait patiently for certainty.

Have a good weekend and study well. In all things, there’s nothing lowly; only learning is high.

In this kind of market, not getting rugged by participating in scams is already making money. But you also can’t be extremely pessimistic just because the market isn’t good—often this is exactly the time to go deep and learn.

In the past few years, everyone has been competing on performance, execution, and modularization. But very few people have seriously thought about one question: the chain is getting faster and faster—who can prove that these things are actually real?

This leads to DeepSafe, what we’re learning today. Its entry point is quite interesting. Instead of building an even faster chain, and instead of continuing to “race” AI, it’s doing something that many people haven’t noticed—a Verification Layer.

Put simply, it makes the act of verification no longer depend on a single person or a single institution, but rather be handled by cryptography.

In the official introduction, they talk about a bunch of ZKP, Ring-VRF, MPC, and TEE. Honestly, most people won’t go deep into these technical details; they care more about what was ultimately implemented, and what problems it solves.

If a verification network—its nodes themselves don’t even know whether they’ve been randomly selected to participate in verification—then it becomes much harder to collude in advance, bribe, or target a particular node. I think this line of thinking is more valuable than boosting a few tens of thousands of TPS.

So far, DeepSafe has processed nearly 120 million verification tasks, with 265,000+ active accounts and more than 70 partners. More importantly, its core mechanism has also been included in IEEE TIFS.

Crypto projects talk about being technologically leading every day, but in reality, only a handful can pass cryptography top-journal peer review.

I think many people are currently underestimating the importance of the verification layer. In the past, Web3 was about who could keep the records. Now it’s about who can execute. If AI agents, RWA, and cross-chain solutions continue to move forward, the next problem everyone will inevitably face will be: who will verify.

A lot of infrastructure doesn’t have much presence on a day-to-day basis. But only when something really goes wrong do people realize how important it is.

That’s true for SSL certificates—and it’s also true for cloud services.

I think the verification layer may be the same in the future.

I couldn’t resist the temptation and used $TUT to get reimbursed for the barbecue at noon.
Please don’t imitate me—I did it with the mindset that if I lose, it’s fine, and I can cut my losses anytime.

$TUT And the blood is flowing like a river. Just now, even small orders got pulled and everyone got dragged to 1 knife. Binance briefly pumped to 0.33 a moment ago, but it has now fallen back to around 0.187. It’s too brutal. With a coin where a bunch of trash bag-holders are controlling the market, how many brothers have been liquidated just from these up-and-down moves?

I’ve said it too many times already. I’ve advised whoever could be advised—what can you do? Everyone has their own fate. Especially in today’s crypto market, altcoins all want to grab a bite and run. There are rumors that some small accounts even provide the traders with “air USDT” leverage to pump and then dump the price. Brothers, what are we supposed to win with?

I heard that in Han's place over there, barbecue is pretty expensive—so let's eat it back home in advance.

Weekend rain lingers, and it’s all about trading US stocks now. Aside from the occasional fake-cheap surge, $BTC $ETH have been so quiet for a long time—staring at this every day isn’t a solution. If this keeps going, I really will have to go out and play.

The only comforting thing is that $BNB started charging hard. Damn—if it doubles again, I’ll be back to even!