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:
📣predict.fun's API Key can now be requested by yourself!
Previously, to get a Predict API Key, you had to first join the official Discord, then open a Support Ticket, explain your use case, and wait for manual review and issuance.
Now this process has finally been simplified. You no longer need to issue invoices in Discord—just go directly to the developer console:
Application steps:
1️⃣ Open the Developer Console You can register and log in using Discord, Google, or email.
2️⃣ Create an Application After entering the dashboard, select Create Application, then fill in the application name and purpose according to the prompts.
3️⃣ Generate an API Key Once the app is created, you can generate a new Key. After copying it, be sure to store it securely. Do not post it in group chats, take screenshots, or upload it to public code repositories.
4️⃣ Check Usage In the backend, you can directly view API call volume, your current limit, and usage status. Management is much clearer than before.
5️⃣ Request a Higher Tier API limits are divided into Volume-based Tiers based on your transaction volume over the past 30 days. Once you meet the corresponding criteria, you can manually request a higher tier in the backend.
6️⃣ Import Old Keys API Keys previously obtained via Discord can also be imported into the new backend for unified management.
According to the official documentation, the default limit for mainnet API Keys is: 240 Requests/Minute
However, note that new applications’ order placement and cancellation requests are also subject to a separate Trade Burst Limit restriction. 240 RPM does not mean you can place and cancel orders indefinitely at high frequency.
Also, an API Key is only a credential for the mainnet interface. If you want your program to place orders, cancel orders, or read personal orders, you’ll also need to sign with your wallet to obtain a JWT.
The South Korean market is also joining the coin-stock craze—AVAX is getting a leg up
South Korea is preparing to move settlement for bonds, funds, stocks, and even stablecoins onto the blockchain, and $AVAX has already made its way into the financial infrastructure of a major brokerage.
Hanwha Investment & Securities began development with FairSquare Lab as early as 2025, and the platform is now complete, supporting networks such as Avax and HypeBesu. Although it is not exclusive to AVAX, being able to enter the technology stack of a major brokerage alongside enterprise-grade blockchains is itself an important institutional endorsement.
The relevant South Korean laws will take effect on February 4, 2027, formally recognizing distributed ledgers for securities registration.
The regulatory roadmap will start with institutional bonds, private MMFs, and unlisted stocks, gradually expand to publicly issued securities, and eventually explore an on-chain payment system connected to stablecoins. Financial Services Commission of Korea
Hanwha is clearly not doing a one-off proof of concept:
→ Hanwha affiliates collectively hold about 9.6% of Securitize → Invested about KRW 30 billion in Digital Asset, the company behind Canton Network → Completed an Avalanche-compatible tokenized securities platform Issuance, registration, circulation, settlement—it is assembling an entire tokenized finance landscape.
The real bullish case for AVAX is not “how much fees it will add immediately,” but rather:
Before South Korea’s securities tokenization is officially opened up, Avax has already secured a ticket into the technology stack of licensed financial institutions.
Once financial infrastructure completes compliant integration, custody, and system integration, switching costs become extremely high. Getting into the tech stack today could mean taking part in standards-setting, asset issuance, and liquidity accumulation tomorrow.
Of course, it has not yet been disclosed whether the platform is deployed on the public C-Chain or whether AVAX is used to pay gas, so one cannot directly equate securities scale with AVAX buying pressure.
In the past, the market priced AVAX as “just another public chain”;
In the future, the market may reprice it as—
Hanwha is only the entry point; the real incremental upside is South Korea’s capital markets moving on-chain.
Missed the big money Pounding the chest and stamping the feet Started fomo Grinding to farm chains All kinds of rugs Charging wildly at beasts Keep recharging Going crazy getting ripped off Crying in agony Sitting idle is useless Review and accept defeat Start slacking off Missed the big money
Binance’s US stock options have arrived. My first reaction isn’t “yet another trading product,” but that Binance’s multi-asset trading toolbox finally adds the missing key piece. In the past, on crypto exchanges, the main instruments we commonly used were spot and perpetuals: Spot settles “what to hold”; Perpetual settles “direction and leverage”; options address the “odds structure and risk boundaries.” It’s not just about letting you use calls for bullish bets and puts for bearish ones. What’s truly important is that before you trade, you need to think through the direction, the magnitude, and the timeframe together: 🔹 What strike price
Going out to have fun in Shenzhen, I wanted to experience the Yamase, so I asked around, and the broker asked me whether I wanted the Russian or Ukrainian girl. He asked whether I support Putin or Zelensky. I said, “What does it matter?” He said, “Every choice you make affects the world order. If you choose the Russian girl, she will send money back, turning into bullets aimed at Ukraine. If you choose the Ukrainian girl, she will also send money back to purchase weapons to resist.” I hesitated for a long time—could my choice really have such an impact? That one choice of mine might even be the fuse for a third world war. Later, I felt I shouldn’t disrupt the world order, so I picked both.
Can Predict top $HYPE put it on $103 within 10 months and overtake $SOL?
I didn't buy it.
First glance, I thought it was a comparison by FDV, thinking: can HYPE flip Solana within a month? Then I looked again: token price instead.
Currently:
$HYPE : $83.39, FDV about $8.0B $SOL: $102.9, FDV about $64.8B
Their FDVs differ by about 8.1x, but the token price only differs by $19.51.
If SOL stays flat, HYPE only needs to rise about 23.4% to reach around $103 to complete the overtake.
Even if HYPE rises to $103, based on the current circulating supply, its FDV would be only about $9.9B—still far below SOL.
This is the “single-price illusion” caused by token supply.
But note: the real threshold for this event isn’t a fixed $103—it’s the constantly changing SOL price:
If SOL drops 10%: HYPE only needs to rise about 11% If SOL stays unchanged: HYPE needs to rise about 23.4% If SOL rises 10%: HYPE then needs to rise about 35.7%
At its core, this is going long the relative exchange rate of HYPE/SOL.
A 23% rise in HYPE over a month isn’t outrageous. The real challenge is:
When HYPE hits $103, will SOL already be at $120?
HYPE being strong isn’t enough—it must be stronger than SOL.
Japan’s government bonds are almost yielding 3% now—Japan was once the world’s cheapest pool of capital.
Now the auction yield on 10-year bonds is touching 3%, and US 10-year Treasuries have also surged to 4.78%. That means the strategy of using low-interest yen leverage to buy global assets is becoming more expensive.
In crypto, the fear isn’t that Japan suddenly collapses—it’s that carry-trade funding will slowly drain away. Next, if the yen strengthens and bond yields keep rising, who would still be willing to take over overvalued assets?
This year’s plan is to DCA and “buy the dip” in 4 coins: XRP, AAVE, UNI, ENA
On August 28, the US spot XRP ETF saw net inflows of $26.2 million, marking the 9th consecutive trading day with positive capital flows.
From August 24 to 28, total inflows for the week amounted to $110.49 million—this is the strongest week for the XRP spot ETF since 2026.
At the same time, however, XRP has continued to fall from around $1.66 and is now down to roughly $1.35.
ETF buying is ongoing, but the price isn’t rising in tandem, which suggests the ETF capital is getting absorbed while profit-taking sellers are also offloading.
It’s even possible that the ETF is creating new demand that’s providing exit liquidity for earlier profit-takers.
Another piece of news comes from Evernorth: the SEC has declared the effectiveness of its S-4 registration statement related to the merger with Armada Acquisition Corp. II.
Next, Armada shareholders will vote on September 30. If the deal is approved, successfully completed, and meets Nasdaq listing requirements, the merged company is expected to list on Nasdaq under the stock symbol:
XRPN.
Evernorth is expected to hold at least:
473,276,430 XRP at the time of listing.
At $1.35, that’s worth approximately $639 million.
This portion of XRP is about:
🔹0.473% of XRP’s total supply
🔹approximately 0.75% of the current circulating supply
The significance of Evernorth is that it adds a stock-market gateway to the XRP ecosystem. It’s a bit like holding BTC via Strategy, or holding ETH via BitMine.
US stock investors don’t need to hold tokens directly; they can indirectly gain XRP exposure through a publicly listed company.
Evernorth is not planning to simply hoard coins.
It plans to increase the amount of XRP represented per share through institutional lending/borrowing, liquidity provision, on-chain yield strategies, and capital-market operations.
This brings potential returns, but it also increases corporate governance complexity, strategy execution risk, valuation premium factors, and counterparty risk.
U.S. Military Attacks Iran’s Southern Islands; Iran Vows Retaliation
Iranian Media Say Iran Fired Missiles at a U.S. Warship
According to Iranian media: Iran’s Islamic Revolutionary Guard Corps said that in response to the U.S. attack on the Larak Island, it launched ballistic missiles at two U.S. bases located in Jordan.
The Ninth Circuit Court of Appeals was very direct: obtaining a CFTC license does not mean you have a pass that lets you bypass B/C regulations in every state across the United States.
Kalshi argued that it is not a traditional B/C company, but a contract trading platform regulated by the CFTC. What users trade is not “wagers,” but “sports event contracts.”
The court concluded that if a product trades outcomes like game results, point spreads, totals, player statistics, or even parlays, whether it is called an “event contract” or a “prediction market,” it is fundamentally very similar to sports B/C.
You can’t change “betting” into buying Yes and buying No, and then suddenly claim it is a financial derivative.
Therefore, the court held that Kalshi’s sports contracts do not qualify as “swap agreements” that would trigger the CFTC’s exclusive jurisdiction, and Nevada can still regulate them under its local B/C laws. The court also noted that the CFTC’s existing rules themselves also prohibit designated contract markets from listing contracts related to “B/C.”
Previously, the Third Circuit Court of Appeals had sided with Kalshi in a New Jersey case, ruling that sports event contracts could be considered “swaps” under the definition in the Commodity Exchange Act, to be uniformly regulated by the CFTC, and that state governments could no longer interfere using B/C regulations.
Now there is an apparent split between different U.S. circuit courts.
Legally, sports predictions and political or election predictions may not necessarily belong in the same category.
Predict also serves as a strong warning signal.
Sports and games are indeed among the most promising high-frequency use cases for prediction markets, but they are also the area with the highest regulatory risk.
If Predict plans to focus on developing sports markets in the future, beyond liquidity, gameplay, and settlement efficiency, it also needs to consider licensing, KYC, geographic restrictions, and compliance boundaries in advance.
Liangxi is Sun Ge’s disciple; he won’t repay the money he owes Qianmeng Xiaoqi, and he even ate a 190-yuan KFC meal meant for someone else’s little girl.
After Nvidia's earnings report, where will the money flow?
Nvidia's earnings beat expectations.
$NVDA FY2027 Q2:
Revenue was $96.22 billion, up 106% year over year.
Data center revenue was $89 billion, up 117% year over year.
Adjusted EPS was $2.22, up 120% year over year.
Adjusted gross margin was 75%
Q3 revenue guidance: $108 billion
This $108 billion guidance does not include data center computing revenue data for the China market.
From a fundamentals perspective, global AI capital expenditures have not cooled off, and compute demand remains very strong.
Another earnings report worth watching tonight is $CRWD.
Revenue was $1.47 billion, up 26% year over year.
ARR reached $5.84 billion, up 25% year over year.
Today, when looking at Predict’s esports section, the one I personally play the most is League of Legends.
From a betting perspective, here’s how to filter
1. Prioritize: LCK 2. Secondary: LEC, LCP, LCS 3. Proceed with caution: CBLOL, LCK Challengers League 4. Try to avoid as much as possible: Circuito Desafiante, EBL, the Arab League, Hitpoint Masters
In the next few events, lineup changes are more likely, young players’ form can fluctuate, and betting market liquidity may be insufficient.
🎮 Two LCK qualifying matches to choose from
Both matches are BO5 (best of five, first to three wins).
1️⃣ KT Rolster vs HANJIN BRION
📊 Outcome: KT win
🧭 Handicap: BRO (+2.5) ⭐
🎯 Score: 3:1 | 3:2 | 2:3
📈 Total games: Over 3.5 games / Under 4.5 games
✅ First choice: BRO (+2.5) 71¢
2️⃣ Nongshim RedForce vs BNK FEARX
📊 Outcome: Nongshim RedForce win ⭐
🧭 Handicap: For now, don’t chase NS (-1.5)
🎯 Score: 3:1 | 3:2 | 2:3
📈 Total games: Over 3.5 games
✅ First choice: Nongshim 58¢
Come try your hand at the esports section recently.