CZ's Life - From Countryside Boy to Becoming a God in the Global Crypto Industry
How did he go from the countryside to immigration? From programmer to entrepreneur From the world's richest list to prison Writing his life experiences into a book (Binance Life) is not just a record of life, but also turns the detours he has taken and the insights he has gained into wealth that future generations can draw upon. This is a must-read book for everyone in the crypto industry (Freedom of Money) https://amazon.com/-/zh/dp/B0GVZK8QPG/ref=tmm_hrd_swatch_0 Many entrepreneurial stories like to talk about talent and opportunity But CZ's story is more like another narrative: In the crypto industry, no one has experienced such an extreme life curve as Zhao Changpeng @cz_binance:
Estimating the number of Korean liquidation (forced-close) accounts: In June, the entire market’s cumulative number of leveraged retail accounts exceeding 1.2 million reached margin call/recall; among them, about 320,000–360,000 accounts were completely forcibly liquidated by brokerages (principal wiped out to zero, with some clients owing brokerages a remaining negative balance)
As of July 9, KOFIA’s latest data:
Cumulative forced liquidations under short-term credit from July 1–9: 344.2 billion KRW
Total for 7.1–7.8: 202.0 billion KRW; forced liquidation on July 9 alone: 142.2 billion KRW (this month’s peak, about 5× the day before)
Estimated number of liquidation accounts in early July: Approximately 85,000–100,000 newly added leveraged accounts completed full forced liquidation, concentrated among holders of 2× leveraged semiconductor ETF positions
Total official amount for short-term leveraged forced liquidations
Market-wide leveraged losses (full coverage, including leveraged ETF NAV drawdowns, options margin losses, and negative balances owed to brokerages)
Brokerage and foreign-institution aggregated estimates: In the past month, retail leveraged investors’ total actual loss is about 2.15 trillion KRW (about RMB 11.18 billion), including: principal losses from forced liquidation, leveraged ETF excess NAV losses, liabilities created by additional margin deposits, and complete shortfalls of options premiums
Liquidated positions / total account volume (estimated using media plus brokerage risk-control data)
Accounts that reached recalled/alerted risk levels: 1.48 million–1.55 million accounts that were completely forcibly liquidated by brokerages; liquidation accounts with principal reduced to zero: 405,000–460,000 accounts
(Among them, young retail investors aged 20–30 make up 62%, mainly betting on 2× leveraged ETFs of Samsung Electronics and SK Hynix.)
South Korea’s stock market hit another trading halt today, and SK Hynix (Hailis) plunged 14.53%.
Mainland China investors didn’t profit from Hailis’ gains—they ended up taking its losses instead.
Today, South Korea’s stock market opened lower, once breaking below 7,000 points, reaching 6,989.
Early this morning, the Korea Exchange said it “can’t play anymore”—it paused all automated selling orders, which amounts to temporarily yanking the network cables of large institutions.
The Bank of Korea has just issued a special report refuting the claim that the semiconductor cycle has already peaked; however, there are no signs of a bottom yet.
From here on, no matter how much South Korea’s stock market rises, it won’t have anything to do with those young people in South Korea who piled into leveraged positions at high levels as a late-stage “catch.” Last month’s golden era produced roughly a million debt slaves aged 20–39, who simply no longer have the right to enter the market.
I liquidated everything. Lately I’ve been under a lot of pressure—I can’t sleep through the night, not at all. Watching my wife sleeping peacefully, my guilt only grows deeper. A few days ago, my wife even asked me: “I heard the stock market has been doing really well lately. Surely what we invested in must have made a lot of money, right?” She also planned to take her parents and children on a trip during the summer vacation. Seeing her happy like that, I completely didn’t dare tell her the truth. And now, what I’m most sorry for is my family.
The market is still falling again—this is really too hard to play.
Since the market is difficult to trade, it’s still best to be稳 (steady) for now. Part of the funds are placed in Binance for financial management.
And another part—over a million—is put into @predictdotfun to provide liquidity. After a month, it’s worn down by more than 5,000 U.
Binance is pushing predict.fun so hard for predictions: first, it got listed on the exchange with the entire prediction sector, and then predictions were also rolled out in the wallet. It feels like it could be the next @Aster_DEX.
@dingalingts, as the founder of Bo Bing (bòbǐng), and a former Binance executive, is responsible for this is the second sector operation project he’s in charge of. It’s really worth looking forward to!
Predict registration link → https://predict.fun/?ref=4B695
Thanks to the big shots for recommending 80 DRAM SanDisk 2300 Micron 1200 Double the 190 Helix Making this year incredibly fulfilling Thank you all for accompanying me in the first half of 2026. If it weren’t for you bringing me into investing, I probably would have a little savings right now.
The World Cup is just too hard to enjoy—I can’t afford to keep losing anymore.
Today I’m going to try a different way of playing: I’ll place bets based on the predicted scores from a “loser’s” prophecy.
I think I’ve finally figured it out. In football, if you only play win/draw/loss, that’s manageable. But with things like the financial/“investment” style bets, the odds are basically always that you lose big and only win small—so today I’m only betting on the exact score.
When do kids cry every day? When do gambling addicts ever stop losing?
If I keep losing and can’t take it anymore, then I really won’t play—it’s just too damn hard to make money.
Today’s record: 2 wins and 1 loss. I make dozens of units in a day, but when will the 100,000 I lost up front finally break even? 😭
My own level is too weak, but every day I just keep seeing a bunch of World Cup prediction bloggers.
Why do they only predict and not place bets? What’s their actual win rate—let’s find out.
Starting today, I’ll follow one big V per day and use live bets to verify the win rate.
Today I bet following Zi Qing’s direction. If I win, I get to eat meat; if I lose, I’ll seek a refund.
┅┅ Continuing today ┅┅ 🇦🇷 Argentina vs 🇨🇻 Cape Verde — 💰 Argentina win $100 🇨🇴 Colombia vs 🇬🇭 Ghana — 💰 Colombia win $100 🇦🇺 Australia vs 🇪🇬 Egypt — 💰 Egypt win $100
Feel free to recommend the prediction blogger you think is the most accurate. I’ll verify them one by one with real money—old rookie, live betting is where the truth is!
On the BTC-USD1 trading pair, during certain periods the order book depth actually outstrips BTCUSDC 🔥
Comparing the same time period side by side: ✅ USD1 — key price levels have big orders sitting there; when trades hit, they get filled cleanly without slipping ✅ USDC — mostly small orders spread out; there isn’t much depth ✅ Extremely low spread + Maker 0 fee; the savings you get are essentially your profit
And it doesn’t stop there 👇
Holding USD1 also earns you money 💰
Several exchanges have been consistently paying interest on USD1 for long-term holders, with annualized returns never interrupted. Save money on trading + earn yield while holding—two legs, walking together
To put it plainly, USD1 is quietly taking market share from other stablecoins. As depth keeps improving, fees become more favorable, and interest keeps propping it up, the ecosystem is being built step by step.
Last night she DM’d me saying she’d sold the spcx. I checked and saw that from the time of buying, it was already up by more than ten percentage points.
It was basically just to bet on a rebound, so I decided not to get greedy and sold as well.
The profit from $SPCX just happened to cover the losses from sports betting—sigh, it’s so hard.
Micron Technology (MU.O) announces a $250 million investment in the “Trump Account,” reaching one million people. The “Trump Account” plans to provide eligible children with a one-time $250 seed fund. As part of the program, Micron Technology will roll out an employee matching benefit, providing up to $1,000 in matching funds for employee contributions to each child’s account for children under the age of 18.
$SPCX that I bought on the dip last week has started to rally
Estimated ETF funds are expected to step in and buy $SPCX
Hold on for a few more days to see whether it can continue to break higher toward around 180
Three scenario projections:
Bullish sentiment: As long as it holds above 160 and keeps pushing up 170–180, using the positive Nasdaq-related news to hit, it’s also possible to reach 200+
Neutral consolidation: Pull back to 160, then trade within a range with turnover; as the ETF is included around 7/7, it continues to rally
Bearish but weakening (misses expectations / market weakness): Pull back to 155; if it breaks below 150, I’ll exit
蜡币小鑫
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I just scooped up 1000 shares on Binance, $SPCX , gearing up for a rebound.
Over the next couple of weeks, there's gonna be some steady ETF inflows into $SPCX.
On June 22, CRSP got added (already in effect, first wave of funds entering).
On June 26, Russell 1000/3000 gets included (this Friday, second wave of big buying).
On June 29, MSCI global index will be included (next Monday, third wave).
On July 7, Nasdaq 100 officially gets added (the biggest wave, $7-10 billion in passive funds).
I’m expecting $22-27 billion in passive inflows, and right now the circulating supply is only about $86 billion, which theoretically could soak up nearly 30% of the circulating chips. A tighter float will amplify short-term upside potential.
Historical trend: When indices are set to include a stock, funds tend to start positioning 1-5 days in advance. Good news often gets priced in early, and the actual inclusion date can sometimes lead to a drop.
Still quiet again? Storage, why aren’t you storing anymore? Seriously, every day they keep saying they’ll store, store, store—keep barking like that. Something about抢内存条 [memory]. Something about price doubling. Something about long-term contracts LTA. Every day, it’s either that Hynix or Samsung’s jump skyrockets, or Micron or SanDisk’s jump skyrockets. Chat logs are 999+ in minutes. So why don’t I see it surge the moment I get on board? Did I buy it in a way that broke it? While I’m gone, you guys are always talking about setting up a club and buying little models, then buying cars and houses, then going on trips around the whole country and the whole world, eating all kinds of delicacies and having endless big meals—so how did you trick me onto the train and it drops, like that? Is it really that coincidental? Damn it.