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Jing Tian probably hasn’t read “The Island Economy.”
Her understanding of transactions is still at the most basic, immediate exchange: once you pay money, the relationship happens, and the deal is over.
But Sun Yuchen is a crypto person—so obviously he understands something else. The money paid today is, in essence, used to set the future relationships, commitments, and expectations for pricing.
One side thinks it’s spot delivery, while the other thinks you’re buying a futures contract.
So, in Sun Yuchen’s version, when the figure of $50 million appears, it’s actually very reasonable for him to go ask Claude whether he should give it.
AI doesn’t understand love, but AI understands risk control.
People keep adding positions because of emotions, sunk costs, and commitments—AI won’t. AI is a decision-making robot without feelings; it only looks at the risk-reward ratio, then tells you: don’t give.
Sun Ge shows everyone in practice that sunk costs don’t factor into major decisions.
@CZ said, young people, I know you’re very anxious to get rich overnight, but don’t rush. The biggest asset young people have is time. Taking action now and gradually getting richer is also possible.
After reading Sun Ge’s short essay, here are 10 pieces of advice for confused single guys
1. Men should have an independent personality; don’t casually call someone “mom.” 2. Men should exercise; a good physique can be worth more than a fortune. 3. A man who doesn’t trim his nails won’t be loved. 4. Don’t act impulsively for a big-head situation. The bride price should follow local customs; you can’t just have money and use it recklessly. 5. Love is like a gust of wind. The person who spent an hour filing your nails yesterday may say nothing to you today, so cherish the present. 6. No matter men or women, don’t get tattoos related to the other person during a phase of intense love. 7. Do your own things yourself as much as possible—hands-on, save money, and don’t give others leverage. Especially for washing underwear: if you’re really too lazy, you can buy disposable no-rinse underwear. 8. If someone uses a cartoon character profile picture and looks really cute, you should still stay alert. They’re not as innocent as they seem. 9. Love can make people lose their minds. When money is involved, pause and think before doing anything. Love is the same.
I don’t really love gossip, but judging from what happened between Sun Ge and Jing Tian, the direction of public opinion has truly changed. In China, mainstream media platforms are all making this a hot headline, and the discussion is still intensifying.
Who is Sun Ge? He’s a crypto-world big shot, a gray-industry boss who’s been put under some kind of control. In the past, this kind of gossip simply couldn’t have blown up on China’s mainstream media platforms. The profile of people who like to “eat瓜” is basically concentrated in the 13-to-40 age range. When most of them see this kind of content, their first reaction is: Who is Sun Yuchen? What is he doing that allows him to make over $10 billion? Once they learn that Sun Yuchen got rich quickly through the crypto space, it will inevitably lead some of these gossip-lovers to either learn more about it or even enter the crypto world. Clearly, this is going in the opposite direction from the previous crackdown policies.
And it doesn’t stop there. Recently, I noticed that on Douyin, content related to crypto was basically impossible to post before. Or if it somehow got posted by luck, it would only get a tiny number of plays and likes. But now, the exposure volume of crypto-related content has increased by orders of magnitude—sometimes I’m even getting videos with thousands or even tens of thousands of likes.
Such changes must mean something is happening that we don’t know about.
Or maybe on 10.11, they’ve already cut off most of the existing liquidity in the circle, and now they need fresh blood?
Today (August 27), “Bitcoin Asia 2026” officially opened at the Hong Kong Convention and Exhibition Centre. Binance founder Changpeng Zhao (CZ) attended and delivered a keynote speech titled “The Bitcoin Century.” Below is a summary of the core points of his speech:
🚀 Bitcoin price: the million-dollar milestone will arrive sooner
CZ said plainly that he does not believe Bitcoin needs to wait 25 years to reach $1,000,000—it will happen much faster than expected. But he emphasized that what matters more than the price is utility—Bitcoin payments need to be adopted at scale and become a reserve asset for retirement pension funds.
🥇 Surpassing gold: Bitcoin will become a more important asset
CZ believes Bitcoin will certainly become more important than gold. The gap between the two is currently only about 10x, and the next bull cycle may close it. He suggested that countries, in addition to holding USD reserves, allocate the top five cryptocurrencies by market cap as reserves.
🏛️ Government and regulation: Bitcoin is neutral
CZ said Bitcoin itself does not weaken or strengthen government power; what matters is the government’s own choices. He also noted that the real risk for a country is not using Bitcoin.
🌐 RWA and tokenization: the key to attracting traditional capital
CZ stressed that tokenized assets are beneficial to Bitcoin and to the entire industry. He gave an example of how it is difficult for many Asians to open accounts for U.S. stocks, and pointed out that stock tokenization can lower the barrier to entry—bringing more people into the crypto market and exposing them to Bitcoin.
🤝 Industry ecosystem: diversified growth supports each other
CZ believes that if the industry had only Bitcoin, progress would be much slower. Different segments reinforce one another—those who learn about Bitcoin will also learn about other blockchains, and those who enter through stock tokenization will eventually pay attention to Bitcoin as well.
🇭🇰 Hong Kong and Web3: a powerful pairing
CZ said Hong Kong and Web3 are a strong combination. Hong Kong has unique advantages in financial technology talent and institutional connections, and is clearly competitive in the Web3 finance space.
Never let public wisdom replace independent thinking. Thought must always return to the right track; all decisions should be planned around the big direction, using years as the time horizon. Always pay attention to cost. Focus on low positions at the monthly-line level, then the weekly-line level; the daily-line level only serves to bait you into chasing rallies and selling at lows. Draw lessons from history. When the price is at a peak, dozens of points up or down are still high. When the price is at a trough, dozens of points up or down are still low. Short-term fluctuations are not important; what matters is sticking to a long-term approach.
On Wednesday, US stock indexes: the Nasdaq Composite fell 0.35% intraday, the S&P 500 fell 0.1%, gold fell 1.3% to $4,590 per ounce, and Brent crude rose 0.7% to $87.8 per barrel. This week, the market is highly focused on Fed Chair Waller’s speech at the Jackson Hole central bank conference on Friday. Waller may avoid raising interest rates.
Apple Inc. is paying people to walk and draw maps of the world.
▬ People carry backpacks equipped with 360-degree panoramic cameras to map streets, paths, and remote areas that vehicles can’t reach.
▬ Thanks to these efforts, map data in areas accessible on foot is constantly being updated.
Apple is paying people to map the world by walking.
▬ People are mapping streets, paths, and remote locations inaccessible to vehicles by carrying backpacks equipped with 360-degree cameras. ▬ Thanks to these efforts, map data in areas accessible by foot is being updated.
Apple’s foldable screen is “fermenting.” There’s no shortage of news about Apple’s foldable iPhone over the weekend—multiple supply-chain sources and analysts have been leaking details. It’s expected that Apple’s fall 2026 keynote will be held on September 9, where Apple’s first foldable-screen iPhone will be unveiled. The real “surprise” this weekend might be the direction of Apple’s foldable-screen concept plus consumer electronics! September is the traditional “flagship smartphone launch month.” Besides Apple, Huawei, MediaTek, Honor, and Xiaomi also have new device launch events—this is basically divine-versus-divine combat! Especially with Apple’s first foldable iPhone drawing major attention: it’s said that the top configuration’s price will exceed 20,000 yuan, and the company’s first-year stocking target has been raised to 10 million units. There are also rumors that Xiaomi has introduced a “wide fold” foldable design. Apple has always had strong appeal. Even though Samsung and Huawei have years of experience with foldable-screen phones, Apple’s entry suggests that a “new foldable era” is about to begin. The A-share market really loves this kind of big narrative—so going forward, pay extra attention to the Apple + consumer electronics direction. Of course, one reminder: news about Apple’s foldable screen has been circulating countless times already—this is a rumor that’s about to be fulfilled. A-share quantitative trading tends to be a bit sneaky; when fulfillment gets close, it may drop the market for a round.
Bitcoin, Ethereum—this surge—made it so that over the weekend, gold, crude oil, and US stocks didn’t jump around like crazy.
Today, the biscuit is basically moving sideways. It seems like it’s trying to dissipate the excessive gains from the previous run—classic sideways action in lieu of a pullback.
Earned your first bucket of gold when you were young, and after that, just spend a little interest for the rest of your life—enough to live. There is no such sorrow as “wishing you could buy and carry sweet osmanthus wine,” no lingering sadness of “a boy’s wandering.”
When you’re young, it’s also a very good thing to find a partner who keeps their word; the love of one’s youth is truly precious.
When you’ve made a name for yourself, you can’t even tell what the other person wants from you. Maybe you do know what they’re after—but you keep pretending not to.
In a bull market, there are often more sharp upward “spikes,” and some players who chase gains and trade futures think spring is coming and prepare to go all in—only to get “hit” instead. As the saying goes: stay away from contracts. Becoming extremely rich requires you to get it right many times, but going to zero only takes once!
#TRUMP breaks through $3.4, hitting a new high since March 21
I took a look at the c2c price—there hasn’t been any change. In the past, when it came time to insert pins, there were lots of people who went to top up and buy U. This time, there isn’t any.
The end of every bear market is different, and the peak of every bull market is different. But the situation of those who survive is always the same. They, through all kinds of ways, ensure they don’t lose everything during bear markets. Only then can they quickly sprout and grow when spring arrives.