The unexpected joy at the beginning of the year: 1000u participated in the Espresso coffee new listing at Kaito, receiving an airdrop of 58,800 tokens. After claiming it to the wallet, it was sold directly on-chain for 3844u, making nearly 3 times profit.
I can't wait for 9 o'clock when ESP is listed on Binance. Earlier, I was late by a few hours to claim the airdrop for ZKPass and Theoriq's new listing on Kaito. The price dropped, and I lost money as well.
If it goes up in a while, I will accept my loss; having flipped so much is already good enough.
Sister Cathy has served for 3 years in the General Committee of the Singapore blockchain vocational education institution IBS (Institute of Blockchain Singapore), which is about to become history. Three years ago, Singapore residents, whether working individuals or retired elderly, could use Skill Future to pay for their tuition at IBS and learn the basics of blockchain.
At that time, blockchain was the topic of conversation everywhere. Sister Cathy spent more than three months last year completing a chapter on "Chain Games and the Metaverse" in the IBS blockchain general education courseware, writing a 31-page Word document and revising it twice, but unfortunately, it will also be wasted. Chain games and the metaverse are still a dream, and with the evolution of AI, the avatars of real people in the metaverse should take shape more and more. Is anyone still building this dream? Remember to involve me.
Let's not talk about those who are just out to exploit others.
Has anyone verified that the responses from major models are indeed like this?
AI is all the rage, but I'm quite annoyed by AI and don't want to try it.
The highest emotional value for humanity comes from breakthroughs and surprises, not from optimizing a fool bit by bit.
Raising a child is much more interesting than raising a Clawbot agent. No matter how well you raise a Clawbot, it's still a clever and efficient fool that cannot break through, not to mention the risks of personal data leaks and bot rebellions.
While being annoyed by AI, I also have to work hard to learn, because otherwise, I'll be overwhelmed by AI and those who know AI, and that emotional value is just too low.
The chat room of Binance Square is open for invitations today. Cathy has received 5 invitation spots, which were snatched up by acquaintances within 10 minutes.
It looks like the chat room feature of Binance Square, after several months of internal testing and optimization, is about to expand, starting to attract more KOLs/bloggers to create groups through referral rewards.
It's very suitable for project parties to create user communities!
Everyone knows that the web3 traffic on Binance Square can be said to be abundant, concentrated, and high-quality. This time, the number of chat room invitation spots released is very limited. Even as an early internal testing KOL, I was only given 5.
I invited 5 friends for recommendations, 3 are from project parties and 2 are KOLs in trading cryptocurrencies. After my recommendation, Binance Square approved it, and the group can be opened the day after tomorrow.
This chat community invitation event from February 10th to March 10th, Binance Square should channel traffic to demonstrate for the high-quality communities that came to try first.
Although it is still unclear how Binance Square will inject user traffic into various chat communities, there is no doubt that these communities that opened groups first should receive traffic earlier than others.
It's the New Year, it's the New Year, quickly bring a basin to Binance Square to collect traffic!
Thank you to a certain exchange (if I write the name of the exchange, this post will not be published in Binance Square) for the Mahjong gift package for KOLs. I can't mail it from Singapore, and the key is that I don't play Mahjong, so I had it sent to my father's home in Hubei. The gift package weighs 30 pounds, and the 77-year-old Comrade Yu Jie Bingqing went to the express delivery point to pick it up, almost couldn't bring it back.
This gift is really suitable for Comrade Yu Jie Bingqing! I video call him every week, and eight out of ten times, this old gentleman is at the poker table, and I have to greet each uncle, aunt, and cousin beside him one by one.
So, various public chains and exchanges have not given up on the chain game track.
To be honest, I really haven't given commissions to exchanges in the past few years, and I'm still against it. Today, I am still condemning centralized exchange data for crashing the market...
In the midst of the ruins, only institutions and trading platforms that do things properly can rise against the market trend.
All chain game projects should treat players as people!
As of the end of the third quarter of 2025 (around September 2025), Bithumb is estimated to have approximately 42,619 BTC in custody or held.
https://www.coinlive.com/news/outrageous-operation-ceiling-bithumb-creates-620-000-btc-out-of-thin However, 620,000 BTC were mistakenly sent out to 695 people.
62-4.2, where did the difference in BTC come from?
Answer: It was created out of thin air on the exchange's backend ledger.
Isn't this just data manipulation?
In principle and practice, exchanges can manipulate data; one mistake or intentional act can lead to infinite issuance, potentially destroying any token listed on this exchange, including BTC.
Bithumb's Mistaken Airdrop of 620,000 'Phantom Balance' Bitcoins Sparks Heated Discussion in the Community, Actual Platform Reserves May Only Be 42,000
BlockBeats news, on February 7, the second largest cryptocurrency exchange in Korea, Bithumb, mistakenly airdropped a total of 620,000 bitcoins (accounting for 2.95% of BTC's total supply) to 695 customers yesterday due to staff errors. Although the platform has almost completely recovered the losses afterward (only 0.3% remains), the behavior of the platform to over-airdrop 620,000 bitcoins has still sparked heated discussions in the community about 'phantom balances on CEX.'
It is reported that Bithumb has not directly disclosed the detailed amount of BTC reserves or the complete PoR on-chain proof. However, South Korean media MK.co.kr previously reported that as of the end of the third quarter of last year, Bithumb was holding and safeguarding 42,619 bitcoins. Even if the subsequent bitcoin reserves have increased, they are still far from the amount of 620,000.
Empowerment requires spending money. If the blockchain game project cannot earn money from players, it can only pay out of its own pocket. If the project is too poor or unwilling to spend money, it cannot empower.
V587Eth
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This is a disillusioning season, the entire gamefi track has almost been falsified, the L2 track is shaky, and the only ones that have survived are perp dex and prediction markets. The logic of defi is sound, but the problem lies in the project teams' refusal to empower the tokens. Since they don't empower them, are they just the same-name meme coins? Yes, I'm talking about these two big-eyed ones, uni and aave.
Today, the country made it clear: foreign debt-type RWA will be regulated by the National Development and Reform Commission, while equity-type and asset securitization-type RWA will be regulated by the Securities Regulatory Commission.
🎈In other words, with the approval of the Securities Regulatory Commission, domestic projects can issue RWA tokens overseas. 🎈Before today, there was a blanket ban, preventing any domestic company or project from engaging in the overseas token issuance process. 🎈Starting today, the compliance path for projects in China to issue tokens overseas has officially opened.
Once again, I recall the hard-hitting PK game IP party, moving stones to hit my own foot, and getting crushed on the eve of compliance by the blockchain game RWA project Oneness.
It seems that Boss Yi's move is not just about removing leverage; it should be a complete liquidation: As of now, they have transferred 630,400 ETH ($1.294 billion) to Binance, and only 21,300 ETH ($43.94 million) remains on-chain.
96% of the ETH has already been transferred to exchanges, far exceeding the amount needed to sell for leverage removal, so it's highly likely that a complete liquidation is underway.
Mainly because vanar currently doesn't have many projects using it, so there won't be congestion.
W-BEN
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After migrating the game NPC data to the chain at 2 AM, I finally understood what Vanar really wants to do.
Last night, to help a friend test a new asset generation logic for their struggling blockchain game project, I sat in front of the computer until 2 AM. We had been using Polygon, but recently the congestion on-chain made me want to smash my keyboard, especially when generating metadata for thousands of NPCs in bulk; the fluctuations in Gas fees were simply painful. With a mindset of trying anything in desperation, I decided to move this logic to the Vanar testnet to give it a try. To be honest, I initially had a negative impression of this chain, since in this era of ZK-Rollups everywhere, projects still talking about EVM compatibility and L1 narratives seem like they are just reheating old meals. But the moment I replaced the RPC interface and pressed the deploy button, the speed at which those green “Confirmed” lines popped up on the screen made me forget to drink my iced Americano in my hand.
Thinking about it, I consider myself lucky for not using Quoine/Liquid to buy and hoard coins. Otherwise, when FTX collapsed in 2022, I would have been wiped out. Now my gems are still in the safe, although cashing them out is quite troublesome.
Cathy姐玩链游
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Binance Square is certainly valuable! Web3 social is incredibly valuable!
To answer the question in the first image: It must have value! Web3 social is incredibly valuable!
Many people's first stop in cryptocurrency is Binance, and I am one of them. In September 2017, I consulted my old friend Samson Mow, who transitioned from the gaming industry to Bitcoin mining, on how to buy Bitcoin in Singapore. He introduced me to the Japanese exchange Quoine.
At that time, Singapore had not yet implemented the cryptocurrency license system, so locals in Singapore could also directly link their Singapore bank accounts and credit cards to buy cryptocurrencies on Japan's Quoine, but it required manual assistance. When I finally set up my account, the price of Bitcoin was over 7000 USD. I thought it was expensive and too volatile, so I didn't dare to buy. Instead, I took a large sum of money and went to buy gemstones and gold, thus missing the opportunity to enter the Bitcoin market in the same year as CZ. Now I have a box full of raw gemstones that I can't liquidate.
Binance Square is certainly valuable! Web3 social is incredibly valuable!
To answer the question in the first image: It must have value! Web3 social is incredibly valuable!
Many people's first stop in cryptocurrency is Binance, and I am one of them. In September 2017, I consulted my old friend Samson Mow, who transitioned from the gaming industry to Bitcoin mining, on how to buy Bitcoin in Singapore. He introduced me to the Japanese exchange Quoine.
At that time, Singapore had not yet implemented the cryptocurrency license system, so locals in Singapore could also directly link their Singapore bank accounts and credit cards to buy cryptocurrencies on Japan's Quoine, but it required manual assistance. When I finally set up my account, the price of Bitcoin was over 7000 USD. I thought it was expensive and too volatile, so I didn't dare to buy. Instead, I took a large sum of money and went to buy gemstones and gold, thus missing the opportunity to enter the Bitcoin market in the same year as CZ. Now I have a box full of raw gemstones that I can't liquidate.
And what about the gas token of the morph public chain?
云道致远-Andy
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100 Lectures on Encryption (BGB): The Bitget exchange's platform token BitgetToken (BGB) is the only platform token for the Bitget centralized exchange and the Bitget Wallet decentralized ecosystem. As a functional token, BGB can be used for trading, paying fees, participating in platform activities, and enjoying special rights, among other things. Our goal is to let BGB holders share in the development dividends of the Bitget platform.
Americans are crashing the market, and it starts to fall endlessly at 12 o'clock.
So Boss Yi's opponent is in the United States, and the Chinese have never made it difficult for him; the cryptocurrency prices have been stable during the day for the past few days.
A direct confrontation between the East and the West.
Checked the investment return rate of Multicoin Capital with ChatGPT.
MOIC (Multiple on Invested Capital) **Multicoin's first VC fund (raised in 2018)** According to data privately shared by LPs: Gross MOIC is approximately 114.7× (including all returns, before fees) Net MOIC ~ 89.1× (net return after deducting some fees)
📌 DPI (Distributions to Paid-In) One LP of the first fund disclosed DPI ~ 47×, which means the actual cash distributed to investors / the invested capital is over 47 times (as of a certain peak point during a bull market)
The data sources are from a report by Mars Finance three years ago: https://www.aicoin.com/en/article/294850?utm_source=chatgpt.com Where can I find the return rates of the later funds of Multicoin Capital? The GP has now waved goodbye without taking a cloud with them, and there has been no news about the liquidation of their subsequent funds.
When crypto is no longer interesting, when Multicoin Capital loses its soul
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Author: Gu Yu, ChainCatcher
Today, Kyle Samani, co-founder and managing partner of Multicoin Capital, announced on his social media account that he will step back from the daily management and investment decisions of Multicoin Capital and will explore opportunities in other technology fields outside the crypto industry. Multicoin's official statement later indicated that the fund will continue to operate normally, and the existing investments and team structure will not be affected.
The choice of 'Best Crypto Investor' fades away
This is undoubtedly a significant piece of news in the crypto VC circle. For a long time, Kyle Samani has frequently written long articles, participated in industry debates, maintained a distinct stance on investment strategies, and with his early investment in Solana that brought hundreds of times returns, he is not only the soul of Multicoin Capital but also one of the most influential investors in the crypto industry.
Unfortunately, Dark only lasted four seasons, and MapleStory is currently still stable. I think there should still be a way forward, but how to attract players to play without it turning into a mining behavior seems to be a challenge. Looking forward to the wisdom of future generations.