币毒

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!

August 9 Morning News: The market is still relatively steady. BTC 64932, ETH 1915, BNB 603, SOL 75.9; the total market cap across the whole network has returned to around $2.30 trillion.

Looking at the past 24 hours, BTC and ETH are basically moving sideways. BNB and SOL are slightly stronger, suggesting that capital is still seeking upside from higher-beta plays. At this level, I think rotation is more likely rather than a one-way emotional breakout. Chasing after price increases should be restrained; first, we need to see whether the majors can continue the rhythm and hold it steady.

No trading action on the weekend, so I chased dramas on Douyin again. I watched *Nirvana in Fire?* twice—actually, no, *The Joy of Life*. The first time I watched it, I was completely swept up in the feeling of being the protagonist and enjoying that rush. The second time, when I stepped out of the story and looked at it from a game-theory perspective, it felt completely different.

There’s a line in it that Lin Xiang says that really hits the mark. Fan Xian says that Emperor Qing’s methods are brilliant, and Lin Xiang doesn’t agree: “If you also had the Six Ministries in your hands and controlled the military power, your methods would be just as brilliant.”

The reason Emperor Qing can outmaneuver so many people isn’t that his scheming is somehow flawlessly perfected. It’s simply because he’s the emperor—born with a class advantage. Imperial power is supreme; he can afford to fail many times, and each time he can find someone else to take the blame. But as his subordinate, you basically get only one chance. If you lose, you’re out.

This applies to life—and it also applies to trading. No matter what you’re doing, your position matters most.

To better understand what’s going on with SanDisk $SNDK and SK hynix $SKHYNIX , I’m planning to buy a ticket and go over to see how it really is with my own eyes. This kind of fluctuation is just like that “MEME” wave that didn’t get listed—if you made the wrong move, it’s genuinely suffocating and despairing.

As for why I didn’t go check out $MU , it’s because my U.S. visa application was rejected. I told them I’m a Micron shareholder and that I needed to go over to attend a shareholders’ meeting. But on the one hand, Micron hasn’t held a shareholders’ meeting recently; on the other hand, I ended up referring to Micron as Korea’s 🤡

Morning roundup: This morning the broad market is still showing a slight pullback. BTC is 64260, ETH 1901, BNB 592, SOL 72.6; the four major coins are basically all down slightly over the past 24 hours. The total market cap across the entire network is about $2.28 trillion, down 0.55% in 24 hours, while BTC’s market share has risen to 56.6%. In terms of momentum, it still looks more like a range-bound chop—don’t rush to chase. First, see whether BTC can regain and hold above the 64k area.

Let me talk about why I chose to take the side road back then and play the cryptocurrency market?

First of all, back then I didn’t just play crypto. I tried a lot of other things that looked like they could make money—anything that I saw or heard people say could make money. In short, everything that was said to be profitable, I tried it. Some things made money, others caused losses. I got exposed to the internet too early and ended up in the wrong tracks, different circles, and all kinds of betrayals and gamesmanship. That experience is also why, even now, I value sincerity a great deal when dealing with people.

Secondly, it’s because for kids like us—whose ancestors’ graves didn’t bring us any “good fortune,” and whose first birth didn’t land them in the right neighborhood, with no umbrella to shield them from the rain—we had to learn to slip into alleyways and find shelter when it rained. Would “clean money” really be handed to you just because you reach out your hand? The rules are the bottom line, not the ceiling. Within the red lines, you have to turn a side door into a passageway to the sky. Not only should you return home in fine clothes, but you should also make the mouths of those who laughed at us for being poor back then tie up in knots—so they can’t even get their words out.

There’s a saying in the investment world:
“If you don’t know who the ‘leek’ is, then you’re the one.”

After reading this question, people still playing with copycat coins in the current market should think about:
“When today’s trading market is dominated by US stocks, with $BTC and $ETH as secondary, where exactly is your opponent’s order book when you’re trading copycats?”

With the premise that playing copycats won’t work, your teacher firmly leads you to fight your way through the copycat market. So where are your profits—are they really your own, or are you just taking what you’re handed?

Many copycat projects control more than 90% and then cooperate with the so-called teachers to take your money together. This is an indisputable fact. After all, in this copycat coin battle royale, whoever cuts later will naturally end up with the job of washing up.

Cherish your life and stay away from copycat coins. (Current market)

Quick morning look: BTC 64629 (+1.1%), ETH 1910 (+2.6%), BNB 595 (-0.1%), SOL 74 (+0.8%). The total market cap across the whole network has returned to around $2.29 trillion. The market is still biased toward a technical rebound, with capital first flowing into major, well-followed names. Don’t rush to chase today’s highs—first, see whether BTC can hold steady at 64,000.

Want to start streaming, but there’s no momentum... this is so damn frustrating.

Crypto winter ❄️ Money is flowing in, but prices aren’t moving.

Avoid altcoins if you can. Take a look at the U.S. stock market TradFi sector’s “storage” three brothers $SNDK ,
$SKHYNIX , and $MU —volatility is on par with MEME. If you do it right, you’ll be the Great Emperor Yu Huang; if you do it wrong, you’ll end up a stray dog by the roadside.

As of early August, the best way to make money in the market right now is still: trading.

Morning news is here. BTC is at 63,966 dollars, up 0.8% in 24h; ETH is at 1,863 dollars; BNB is at 595.7 dollars; SOL is at 73.5 dollars. Total market cap across the whole network is $2.27 trillion, up 0.68% in 24h. The market still seems somewhat range-bound: BTC is holding around 64,000, and the major coins’ follow-through is only moderate, while small-cap sentiment hasn’t clearly warmed up yet. Today, first watch whether it can hold above 64,000—if it holds, we can talk about acceleration.

A quick look at the early session on August 4: BTC at $63,300—flat over the past 24 hours; ETH at $1,848, down 1.2%; BNB at $588, up 0.7%; SOL at $73, basically trading sideways.

The total market cap across the whole market is back around $2.25 trillion; BTC’s market share is 56.4%, and the capital still leans more defensive. My take is very simple: the overall market isn’t broken, but for altcoins to fully take off, it still needs one more step in terms of incremental inflows. Today, I’ll first watch whether BTC can keep holding above $63,000, then look at the next rotation.