liaojinfeng
Open Trade
High-Frequency Trader
1.7 Years
33 Following
113 Followers
76 Liked
2 Shared
All
Quotes
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Friends in the crypto world, the Binance Christmas red envelope is here, come scan the code to receive your red envelope. $BTC
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I can accept the ups and downs, but the funding rate is just a pitfall!
The contract has no funding fee; the game is about who has more or less money.
Although I am also a bear and have been heavily harvested, I still support the funding fee.
If a project goes online and there is capital that is unhappy with the project and maliciously shorts it, then it is extremely unfriendly to the project itself and could be obliterated in the cradle of its entrepreneurial early stage.
With the backing of a funding fee, the manipulators find it much easier to operate, allowing them to create various strategies to reach their ideal control price.
The project itself may be a mix of truths and lies; whether it has value is not important. What matters is having both profitable and losing market conditions.
When you catch the market trend, whether shorting or going long, the rhythm of making money combined with the funding fee will be particularly fast.
$pippin
{future}(PIPPINUSDT)
Although I am also a bear and have been heavily harvested, I still support the funding fee.
If a project goes online and there is capital that is unhappy with the project and maliciously shorts it, then it is extremely unfriendly to the project itself and could be obliterated in the cradle of its entrepreneurial early stage.
With the backing of a funding fee, the manipulators find it much easier to operate, allowing them to create various strategies to reach their ideal control price.
The project itself may be a mix of truths and lies; whether it has value is not important. What matters is having both profitable and losing market conditions.
When you catch the market trend, whether shorting or going long, the rhythm of making money combined with the funding fee will be particularly fast.
$pippin
{future}(PIPPINUSDT)
See original
Yes, the funding rate should be unified to be collected once every 8 hours, rather than having one hour, four hours, and eight hours.
The contract has no funding fee; the game is about who has more or less money.
Although I am also a bear and have been heavily harvested, I still support the funding fee.
If a project goes online and there is capital that is unhappy with the project and maliciously shorts it, then it is extremely unfriendly to the project itself and could be obliterated in the cradle of its entrepreneurial early stage.
With the backing of a funding fee, the manipulators find it much easier to operate, allowing them to create various strategies to reach their ideal control price.
The project itself may be a mix of truths and lies; whether it has value is not important. What matters is having both profitable and losing market conditions.
When you catch the market trend, whether shorting or going long, the rhythm of making money combined with the funding fee will be particularly fast.
$pippin
{future}(PIPPINUSDT)
Although I am also a bear and have been heavily harvested, I still support the funding fee.
If a project goes online and there is capital that is unhappy with the project and maliciously shorts it, then it is extremely unfriendly to the project itself and could be obliterated in the cradle of its entrepreneurial early stage.
With the backing of a funding fee, the manipulators find it much easier to operate, allowing them to create various strategies to reach their ideal control price.
The project itself may be a mix of truths and lies; whether it has value is not important. What matters is having both profitable and losing market conditions.
When you catch the market trend, whether shorting or going long, the rhythm of making money combined with the funding fee will be particularly fast.
$pippin
{future}(PIPPINUSDT)
See original
S
PIPPINUSDT
Perp
Closed
PNL
-38.44USDT
See original
#Pippin pippin has been blown up, sigh! It probably won't reach 0.4, I've been liquidated!
S
PIPPINUSDT
Perp
Closed
PNL
-21.83USDT
See original
Look at the funding rate for short selling
$BEAT Is this the end? Plane crash?
See original
$BEAT beat why is there no value! Retail investors shorting is the greatest value for the big players!
#beat
#beat
See original
You're done, you've withdrawn money, all cards, WeChat, and Alipay are blocked, what should I do?
I want to withdraw everything, is there a risk? I've heard that it's being regulated very strictly lately, and I'm afraid that my Alipay or bank card might get blocked. Is there an expert who can answer this?
See original
1x empty is all it takes.
Binance Announcement
--
Binance contracts will launch USUSDT and CYSUSDT U-based perpetual contracts (2025-12-12)
This is a general announcement, and the products and services mentioned here may not be applicable in your region.
Dear user:
In order to provide more options for Binance contract trading and enhance the trading experience for users, the Binance contract platform will launch the perpetual contracts at the following times:
December 12, 2025 18:45 (UTC+8): USUSDT perpetual contract, with a maximum leverage of up to 40 times
December 12, 2025 19:00 (UTC+8): CYSUSDT perpetual contract, with a maximum leverage of up to 20 times
More information about the above perpetual contracts is shown in the table below:
U-based perpetual contract
USUSDT
Dear user:
In order to provide more options for Binance contract trading and enhance the trading experience for users, the Binance contract platform will launch the perpetual contracts at the following times:
December 12, 2025 18:45 (UTC+8): USUSDT perpetual contract, with a maximum leverage of up to 40 times
December 12, 2025 19:00 (UTC+8): CYSUSDT perpetual contract, with a maximum leverage of up to 20 times
More information about the above perpetual contracts is shown in the table below:
U-based perpetual contract
USUSDT
See original
Now try not to sell U through CToC, use the Sea Witch Exchange, or AFIT24, transfer the money to iFast, or Wise, then transfer it to Alipay, or to HuaMei Bank, Cathay Bank, or banks in Singapore are also fine. If your card receives dirty money domestically, not only will they freeze all your cards. Withdrawing money and canceling cards is particularly troublesome. When all financial institutions in the country have mental issues, it is too difficult to prove that you do not have mental issues.
$BTC $ETH
$BTC $ETH
See original
So why should you apply for a foreign bank card? Will a foreign bank card freeze all your cards? Get a card from a Hong Kong or American bank to keep your cryptocurrency trading funds in an overseas card. In this country now, these banks are no longer worth my love and trust. Talking more is just tears!
“Hello, this is the *** Public Security Bureau of Shanghai, and we need to understand your recent bank transaction situation...”👮♀️ Uncle said $LRC
As soon as the call was connected, I heard this, and despite trading cryptocurrencies for a long time, it was hard not to feel a shock! But don’t panic, the more you panic, the easier it is to say the wrong thing. Follow these 3 steps to respond, which can help cooperate with the investigation and reduce trouble: #安全
First point: Make it clear that our transactions are not illegal
If the police ask whether the transactions are legal, you can calmly tell them: “Buying and selling virtual currencies between individuals is not illegal, but if the money comes from illegal sources, then one must take responsibility.”
The key is to let the police know that you are just an ordinary cryptocurrency trader, and all operations are completed on legitimate platforms, not doing anything bad.
Second point: If asked to refund, don’t lose your head
If the police say the money you received may have problems and ask you to return it, you must remain calm and communicate well. You can say: “I will cooperate with you to clarify the situation, and we will handle it as appropriate.”
Then, proactively provide your transaction records and transfer screenshots as evidence. The more you cooperate, the faster the problem will be resolved, and it will be less likely to implicate your other bank cards. Stubbornness might turn a small issue into a big one.
Third point: Handle according to the situation, cooperation is key
Here’s a key distinction: if you are determined to have directly participated in illegal activities, all accounts may be frozen. But if it’s just normal transactions and you accidentally received problematic money, usually only the card you received money on will be frozen. The most important thing to remember is: cooperate well with the investigation, and it won’t leave a record. But if you refuse to cooperate, the situation will change, and the handling measures will escalate.
Finally, a few words of advice:
Trading cryptocurrencies is not like buying groceries; every transfer may hide risks. So be sure to do the “three checks”:
· Check if the other party is reliable (must be real-name verified)
· Check if the funds are clean
· Check if the wallet address is secure
In the crypto circle, being stable is always more important than making quick money. Protect your wallet; be sure not to get caught up in the whirlpool of scams!
Da Sen does not boast or make empty promises, only shares experiences, safety awareness, and firsthand information that can help survive in the market. The battle team still has positions available; whether to join depends on you #美联储降息
As soon as the call was connected, I heard this, and despite trading cryptocurrencies for a long time, it was hard not to feel a shock! But don’t panic, the more you panic, the easier it is to say the wrong thing. Follow these 3 steps to respond, which can help cooperate with the investigation and reduce trouble: #安全
First point: Make it clear that our transactions are not illegal
If the police ask whether the transactions are legal, you can calmly tell them: “Buying and selling virtual currencies between individuals is not illegal, but if the money comes from illegal sources, then one must take responsibility.”
The key is to let the police know that you are just an ordinary cryptocurrency trader, and all operations are completed on legitimate platforms, not doing anything bad.
Second point: If asked to refund, don’t lose your head
If the police say the money you received may have problems and ask you to return it, you must remain calm and communicate well. You can say: “I will cooperate with you to clarify the situation, and we will handle it as appropriate.”
Then, proactively provide your transaction records and transfer screenshots as evidence. The more you cooperate, the faster the problem will be resolved, and it will be less likely to implicate your other bank cards. Stubbornness might turn a small issue into a big one.
Third point: Handle according to the situation, cooperation is key
Here’s a key distinction: if you are determined to have directly participated in illegal activities, all accounts may be frozen. But if it’s just normal transactions and you accidentally received problematic money, usually only the card you received money on will be frozen. The most important thing to remember is: cooperate well with the investigation, and it won’t leave a record. But if you refuse to cooperate, the situation will change, and the handling measures will escalate.
Finally, a few words of advice:
Trading cryptocurrencies is not like buying groceries; every transfer may hide risks. So be sure to do the “three checks”:
· Check if the other party is reliable (must be real-name verified)
· Check if the funds are clean
· Check if the wallet address is secure
In the crypto circle, being stable is always more important than making quick money. Protect your wallet; be sure not to get caught up in the whirlpool of scams!
Da Sen does not boast or make empty promises, only shares experiences, safety awareness, and firsthand information that can help survive in the market. The battle team still has positions available; whether to join depends on you #美联储降息
See original
I got liquidated, bro!
$PIPPIN Last 4000U, I bet all my fortune, one last gamble, win or lose I won't look, I'll see what fate has in store when I wake up tomorrow.
See original
The corruption problem of a government ruled by man is inherent from birth and cannot be fundamentally resolved.
A piece of news that is completely opposite to the recent crackdown on cryptocurrency in the country is that
Binance has received full authorization from the Financial Services Regulatory Authority of Abu Dhabi Global Market.
This license makes Binance the first global exchange to meet traditional financial standards.
In recent years, certain village and town banks in the country have faced crises, along with the recent crisis in the real estate sector and the one in Zhejiang.
As the country's "threefold risks" (banks, real estate, shadow banking) continue to be exposed,
and with the decreasing attractiveness of RMB assets, the trend of capital outflow will shift from "speculative outflow" to "long-term allocation outflow."
Therefore, the attitude towards "stablecoins" that can facilitate capital transfer is naturally self-evident.
So the question arises: should we first address the internal crisis of corruption and trust, or should we first tackle the external sweet-coated bullets🤡?
Binance has received full authorization from the Financial Services Regulatory Authority of Abu Dhabi Global Market.
This license makes Binance the first global exchange to meet traditional financial standards.
In recent years, certain village and town banks in the country have faced crises, along with the recent crisis in the real estate sector and the one in Zhejiang.
As the country's "threefold risks" (banks, real estate, shadow banking) continue to be exposed,
and with the decreasing attractiveness of RMB assets, the trend of capital outflow will shift from "speculative outflow" to "long-term allocation outflow."
Therefore, the attitude towards "stablecoins" that can facilitate capital transfer is naturally self-evident.
So the question arises: should we first address the internal crisis of corruption and trust, or should we first tackle the external sweet-coated bullets🤡?
See original
Recently, there has been a lot of talk about China's ban on stablecoins: Is USDT only produced in China? Or is it only usable in China? Do other countries not have a livelihood besides China? Isn't USDT still usable for buying gift cards in wallets? JD, Tmall, McDonald's, KFC, and even topping up phone bills—it's all possible! There's also U card. And cross-border payments. Does that mean China doesn't use USDT, and other countries don’t either? China's self-isolation is due to the vulnerability of the Renminbi. It's because USDT can cross borders with just one address, facilitating cross-national capital flow. The Chinese government can't control this, so it is banned. The US dollar cannot circulate in China either, but it is the largest currency for global trade transactions. As long as USDT or USDC is recognized by mainstream countries, that's enough. The world will not stop turning just because of China. Cryptocurrency will not stop functioning just because of China's ban. It's no big deal. Furthermore, China's influence in the cryptocurrency sphere is quite limited. Although Binance and OKEx were founded by Chinese people, when China cracked down on cryptocurrencies in 2021, these companies moved their servers overseas. Now, the influence of the CCP on cryptocurrencies is very low. China can control its mainland citizens' engagement with cryptocurrencies. Can it control Americans, Japanese, Taiwanese, Singaporeans, and people from other countries? No! Cryptocurrency will not drop because of a single statement from the CCP, nor will it be shut down because of a ban. We just need to make money in the crypto space. Remember to keep your mnemonic phrase confidential. If one day you immigrate, destroy your cold wallet. Keep the mnemonic phrase in your heart. Once you go abroad, your assets are yours. You can recover them on any device. Earning money well is the way to go.
S
BCHUSDT
Perp
Closed
PNL
+73.62USDT
See original
Unless the Chinese Communist Party collapses, it is impossible to open up
Will China loosen restrictions on cryptocurrencies in the future? This is a question that many people are concerned about.
Looking back at the 1980s, many young men and women were sentenced to prison or even executed for so-called 'hooliganism,' while many of those actions would hardly be considered a crime today. Times change; what is rejected today may often be accepted in the future and even become a trend. The survival of cryptocurrencies to this day is not due to speculative hype but rather because they genuinely address the security and efficiency issues of cross-border transactions and meet the objective demands of the global gray economy and dark web economy—these are underlying logics that no country can simply dismiss.
So why is there a strong crackdown now? It's not that cryptocurrencies themselves are bad, but the current economic structure does not allow it.
Simply put: domestic asset prices are much higher than those abroad, creating a huge pressure for capital outflow under capital controls; and the economy is in a downturn, relying on credit expansion to support asset prices. However, cryptocurrencies are like putting a hole directly in an asset bubble, accelerating capital flight, which poses a 'detonator' to financial security, hence the need for strict regulation.
When domestic asset bubbles clear in the future and the price difference between domestic and foreign assets narrows, the pressure for capital outflow will diminish, and the internationalization of the RMB will naturally continue to advance. At that stage, aligning with global trends, loosening restrictions on cryptocurrencies or even opening them up will be quite normal.
The key is that we are currently in the 'balance sheet recession' cycle as described by Gu Zhaoming. Since 2021, debt-driven growth has reached its limit; taking on more debt will instead hinder growth. This has led to corporate deleveraging, declining housing prices, and local government debt crises—these issues cannot be resolved in just a year or two. Japan took from 1991 to 2006 to recover from its collapse, and we are also facing problems such as global recession, declining population, and supply chain outflows, so the recovery period will only be longer.
Therefore, the conclusion is very clear: for a long time to come, cryptocurrencies will not be loosened in China. It's not that the direction is wrong; it's just that the timing isn't right.
The overall trend will not change; it's merely a matter of the pace.
Looking back at the 1980s, many young men and women were sentenced to prison or even executed for so-called 'hooliganism,' while many of those actions would hardly be considered a crime today. Times change; what is rejected today may often be accepted in the future and even become a trend. The survival of cryptocurrencies to this day is not due to speculative hype but rather because they genuinely address the security and efficiency issues of cross-border transactions and meet the objective demands of the global gray economy and dark web economy—these are underlying logics that no country can simply dismiss.
So why is there a strong crackdown now? It's not that cryptocurrencies themselves are bad, but the current economic structure does not allow it.
Simply put: domestic asset prices are much higher than those abroad, creating a huge pressure for capital outflow under capital controls; and the economy is in a downturn, relying on credit expansion to support asset prices. However, cryptocurrencies are like putting a hole directly in an asset bubble, accelerating capital flight, which poses a 'detonator' to financial security, hence the need for strict regulation.
When domestic asset bubbles clear in the future and the price difference between domestic and foreign assets narrows, the pressure for capital outflow will diminish, and the internationalization of the RMB will naturally continue to advance. At that stage, aligning with global trends, loosening restrictions on cryptocurrencies or even opening them up will be quite normal.
The key is that we are currently in the 'balance sheet recession' cycle as described by Gu Zhaoming. Since 2021, debt-driven growth has reached its limit; taking on more debt will instead hinder growth. This has led to corporate deleveraging, declining housing prices, and local government debt crises—these issues cannot be resolved in just a year or two. Japan took from 1991 to 2006 to recover from its collapse, and we are also facing problems such as global recession, declining population, and supply chain outflows, so the recovery period will only be longer.
Therefore, the conclusion is very clear: for a long time to come, cryptocurrencies will not be loosened in China. It's not that the direction is wrong; it's just that the timing isn't right.
The overall trend will not change; it's merely a matter of the pace.
See original
Using Hong Kong Ant Bank or Star Bank, you can transfer to mainland Alipay and WeChat
If I earned quite a lot of money in the crypto circle, will the bank question the source of the money if I withdraw it?
A bunch of U merchants are trying to scare you, making you panic; selling anxiety is really laughable...
It's already almost 2026, and Hong Kong is basically in a legal state now. As long as your U is from a legitimate source, you can completely go to Hong Kong. There are offline exchanges there where you can transfer U to them and then they give you cash. Take the cash to the bank to open a Hong Kong Bank of China bank card to deposit it (card opening is free), and you will almost 100% not receive any dirty money! Plus, it's very convenient; a round trip to Hong Kong only costs about one or two thousand for the flight.
As someone who withdraws over 70 million every year in the crypto circle, let me tell you: I will explain in detail the risks of large withdrawals in the crypto circle and how to avoid being monitored by the bank when cashing out! (Super comprehensive + practical)
It's already almost 2026, and Hong Kong is basically in a legal state now. As long as your U is from a legitimate source, you can completely go to Hong Kong. There are offline exchanges there where you can transfer U to them and then they give you cash. Take the cash to the bank to open a Hong Kong Bank of China bank card to deposit it (card opening is free), and you will almost 100% not receive any dirty money! Plus, it's very convenient; a round trip to Hong Kong only costs about one or two thousand for the flight.
As someone who withdraws over 70 million every year in the crypto circle, let me tell you: I will explain in detail the risks of large withdrawals in the crypto circle and how to avoid being monitored by the bank when cashing out! (Super comprehensive + practical)
See original
Do not buy for now. There is a major flaw in buying US stocks in the crypto world that has not yet been resolved. That is dividends; US stock tokens bought on Binance or other cryptocurrency wallets cannot distribute dividends. If one day, buying US stocks in the crypto world can distribute USDC or USDT dividends, that will be the true moment of US stock tokenization. It is not possible yet.
Binance wallet can now buy US stocks!
No need to open a Hong Kong account! Direct on-chain stock trading allows users to trade US stocks (or globally popular stocks) directly in the Binance wallet, with no fees except for network gas fees. It's very smooth.
Note: These tokens are traded on the BNB Chain, pegged 1:1 to the real stock price, but do not represent direct ownership of shares, and will fluctuate with the stock price. No trading on weekends, available on weekdays.
Minimum threshold: starting from 1U (fractional shares), suitable for beginners or score boosters.
Finally, no need to open a US stock account, folks! You can directly trade stocks now.
What can I buy now? Mainly focusing on US stocks: NVIDIA, Tesla, Amazon, etc.
Note: These tokens are traded on the BNB Chain, pegged 1:1 to the real stock price, but do not represent direct ownership of shares, and will fluctuate with the stock price. No trading on weekends, available on weekdays.
Minimum threshold: starting from 1U (fractional shares), suitable for beginners or score boosters.
Finally, no need to open a US stock account, folks! You can directly trade stocks now.
What can I buy now? Mainly focusing on US stocks: NVIDIA, Tesla, Amazon, etc.
See original
I can clearly tell you that it will not be opened. The internationalization of the renminbi has been called for a long time. Has it been internationalized! Stablecoins like USDT and USDC have no national boundaries; as long as there is an address, it can be transferred no matter if you are in North Korea or the United States. This is precisely the regulatory loophole that our government cannot tolerate. Because the government cannot control it. If someone remembers the mnemonic phrase in their mind, when they go abroad, their assets are taken out. How can our country, which serves the people, tolerate this!
Will China loosen restrictions on cryptocurrencies in the future? This is a question that many people are concerned about.
Looking back at the 1980s, many young men and women were sentenced to prison or even executed for so-called 'hooliganism,' while many of those actions would hardly be considered a crime today. Times change; what is rejected today may often be accepted in the future and even become a trend. The survival of cryptocurrencies to this day is not due to speculative hype but rather because they genuinely address the security and efficiency issues of cross-border transactions and meet the objective demands of the global gray economy and dark web economy—these are underlying logics that no country can simply dismiss.
So why is there a strong crackdown now? It's not that cryptocurrencies themselves are bad, but the current economic structure does not allow it.
Simply put: domestic asset prices are much higher than those abroad, creating a huge pressure for capital outflow under capital controls; and the economy is in a downturn, relying on credit expansion to support asset prices. However, cryptocurrencies are like putting a hole directly in an asset bubble, accelerating capital flight, which poses a 'detonator' to financial security, hence the need for strict regulation.
When domestic asset bubbles clear in the future and the price difference between domestic and foreign assets narrows, the pressure for capital outflow will diminish, and the internationalization of the RMB will naturally continue to advance. At that stage, aligning with global trends, loosening restrictions on cryptocurrencies or even opening them up will be quite normal.
The key is that we are currently in the 'balance sheet recession' cycle as described by Gu Zhaoming. Since 2021, debt-driven growth has reached its limit; taking on more debt will instead hinder growth. This has led to corporate deleveraging, declining housing prices, and local government debt crises—these issues cannot be resolved in just a year or two. Japan took from 1991 to 2006 to recover from its collapse, and we are also facing problems such as global recession, declining population, and supply chain outflows, so the recovery period will only be longer.
Therefore, the conclusion is very clear: for a long time to come, cryptocurrencies will not be loosened in China. It's not that the direction is wrong; it's just that the timing isn't right.
The overall trend will not change; it's merely a matter of the pace.
Looking back at the 1980s, many young men and women were sentenced to prison or even executed for so-called 'hooliganism,' while many of those actions would hardly be considered a crime today. Times change; what is rejected today may often be accepted in the future and even become a trend. The survival of cryptocurrencies to this day is not due to speculative hype but rather because they genuinely address the security and efficiency issues of cross-border transactions and meet the objective demands of the global gray economy and dark web economy—these are underlying logics that no country can simply dismiss.
So why is there a strong crackdown now? It's not that cryptocurrencies themselves are bad, but the current economic structure does not allow it.
Simply put: domestic asset prices are much higher than those abroad, creating a huge pressure for capital outflow under capital controls; and the economy is in a downturn, relying on credit expansion to support asset prices. However, cryptocurrencies are like putting a hole directly in an asset bubble, accelerating capital flight, which poses a 'detonator' to financial security, hence the need for strict regulation.
When domestic asset bubbles clear in the future and the price difference between domestic and foreign assets narrows, the pressure for capital outflow will diminish, and the internationalization of the RMB will naturally continue to advance. At that stage, aligning with global trends, loosening restrictions on cryptocurrencies or even opening them up will be quite normal.
The key is that we are currently in the 'balance sheet recession' cycle as described by Gu Zhaoming. Since 2021, debt-driven growth has reached its limit; taking on more debt will instead hinder growth. This has led to corporate deleveraging, declining housing prices, and local government debt crises—these issues cannot be resolved in just a year or two. Japan took from 1991 to 2006 to recover from its collapse, and we are also facing problems such as global recession, declining population, and supply chain outflows, so the recovery period will only be longer.
Therefore, the conclusion is very clear: for a long time to come, cryptocurrencies will not be loosened in China. It's not that the direction is wrong; it's just that the timing isn't right.
The overall trend will not change; it's merely a matter of the pace.
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