BITWU

As expected, the Fed keeps its hands off!

For now, it looks like it has once again narrowly escaped the worst. Everyone can catch their breath and brace for a small tech rebound lasting at least a week!

The policy statement released this time largely copied the wording from the last meeting in June. There were three 0.25 rate-hike votes, giving the market some room in the narrative.

After thinking it through, Waller seems to actually have two options:

1) Go along with Trump’s coming into office, then stall—wait for the bubble to burst and shift the blame to the market.

2) Fall in line with the Fed, amplify the hawkish tone, and go straight for a big explosion.

And then Waller chose to skip all the answers and act like a repeat machine, pretending to be dead ~

Honestly, it’s hard to figure out. Prepare to keep lying low!

Those who chased the price and the ones who got leveraged have already been sent in—so will the next target be bottom-fishing?
😂

A genuinely effective personal brand is where your stable capabilities meet other people’s real needs;

Most of the time, what others ultimately remember isn’t the so-called identity you and others introduce to them,

but what you, at a certain stage, consistently hold as your worldview and beliefs—such as, when the market is extremely noisy, being able to offer relatively real, long-term, restrained judgments;

and what problems you can help them solve, or what problems you’ve helped them solve in the past.

1️⃣
What problems are you good at solving;

2️⃣
What methods you use to solve them;

3️⃣
In which matters you have clear stances;

4️⃣
Whether you’re consistently stable over the long term and worth trusting.

Personal brand =

Stable capability × Real needs × Ongoing delivery × Unique values.

Losing money—getting wiped out to zero too—is the inevitable path every journey has to go through!

Don’t be discouraged. Don’t give up. But you must summarize, reflect, understand, and be grateful!

If you haven’t endured those nine-times trials—tossing and turning at night in anguish, heartbreakingly painful days, sleepless nights, crying your heart out through the long dark, eating noodles in the dark with the lights off, washing your face with tears—

who dares to say they really understand investing?

TradeXYZ still decided to compensate for yesterday’s pin insertion:

According to the announcement:

TradeXYZ has decided to cover, in one lump sum, the liquidation losses caused by this abnormal event, and will publish the eligibility requirements and distribution details soon.

At present, the community estimates the liquidation size to be roughly $57 million–$80 million (involving about 960 accounts). The address most likely to be compensated may receive about $2 million;

Give a thumbs up for this—getting compensated is already not easy.

The announcement also has two main points:

1️⃣ The XYZ oracle continues to track external data sources normally according to specifications. XYZ is not the problem. Going forward, it will accelerate improvements to the pricing mechanism, re-evaluate assumptions about external venues, and place even greater emphasis on the depth of the platform’s own order book and price signals.

2️⃣ This is a one-time discretionary handling. In the future, it may not necessarily be used as a reference going forward.

Every decline and liquidation represents piles of skeletons—piles of impatient skeletons who are rushing to bottom-fish and rushing to make quick money:

Money isn’t made by buying and selling; money is made by sitting there and waiting for it to unfold.

Tom Lee gives a very extreme example using Cisco: from 1993 to 2000 it rose by about 100 times, and along the way it endured at least four pullbacks of more than 40%.

The real top only appeared when the stock reached around 200x PE and downstream customers began to rely on wildly unrealistic assumptions to keep purchasing.

$RE dropped nearly 60%. Is this an opportunity, or just a normal valuation adjustment for a new coin returning to fair value?

Many people have messaged me asking about $RE . I think this is a classic case where a project’s fundamentals and the token price must be viewed separately.

First, let’s talk about what Re Protocol does.

Re Protocol connects on-chain stablecoin capital to the real-world reinsurance market. In simple terms, reinsurance is “insurance companies insuring insurance.”

Re uses licensed reinsurance institutions to invest users’ deposited stablecoins into real insurance businesses in the U.S., such as auto, commercial liability, property, workers’ compensation, and more—then converts the premium income into on-chain yield.

But you must note: buying $RE does not mean you directly share in reinsurance profits.

It’s reUSD and reUSDe that actually capture the underlying yield and risks. RE is currently more of a governance token.

So whether the protocol’s business growth can truly translate into demand for RE purchases, staking, and lockups is the key to long-term valuation.

Next, let’s look at the price.

After RE launched on June 18, it surged to about $1.09 at its peak, then fell to around $0.36 at its lowest. The maximum drawdown was close to 67%.

From the chart, I’m watching three levels:

1️⃣ Around $0.40
This is the most important short-term support right now. If it can’t hold, it will likely test the $0.36 low again.

2️⃣ $0.50
Reclaiming $0.50 would only suggest that short-term sentiment is starting to repair.

3️⃣ $0.55—$0.60
This is the more critical resistance zone. Only with a breakout on strong volume and holding above it will there be a chance to confirm the trend has truly strengthened.

Recently, the sUSG/reUSD pool temporarily showed 115% APR and 20x points—this is definitely eye-catching. But most of that return comes from liquidity incentives, and it doesn’t mean the underlying reinsurance business can sustainably provide 115% yield. It also can’t be directly used to value RE.

So my view on RE is:

The direction is interesting, and the real business is growing—but token value capture has not been fully proven yet. In the short term, we need to see whether $0.40 can hold. In the medium term, whether it can reclaim $0.55—$0.60. In the long term, we need to look at underwriting scale, claims ratio, the reUSD ecosystem, and whether RE shows real governance and staking demand.

$RE The real re-pricing will have to wait until Re’s business growth starts to continuously translate into actual token demand.

Many people have this misconception!

In fact, Binance’s stock trading area and bStocks are two separate products!

Binance Stocks addresses share quantity and U.S. stock liquidity, covering 7,000+ U.S. stocks and ETFs, and during normal U.S. market trading hours, it connects directly to the liquidity of the traditional U.S. stock market.

bStocks solves 7×24 hour trading, and then connects traditional U.S. stock market liquidity with Crypto liquidity through 1:1 conversion.

So you can see that

what Binance truly wants to build is a complete on-chain stock trading system—not just a feature for listing a single stock. The traditional market provides pricing and underlying liquidity, while the Crypto market provides around-the-clock trading capability.

Together, these two products are the complete solution in Binance’s eyes.

Tom bro’s milk-boom of stirring emotion!

$ETH rising to 250,000 USD means nearly 140x; based on a supply of about 120.7 million coins, that corresponds to a market cap of roughly $3 trillion.

There isn’t a single company with that market cap right now!

That figure is equivalent to 7 Apples, 6 NVIDIAs, or more than twice the combined market caps of the top three tech companies in the world.

Of course, he didn’t say how long it would take—this is a BUG!

Musk is strongly calling out orders!

“You don’t understand. If we achieve our goals, SpaceX’s value will exceed the sum of everything else on Earth.”

In history, every major event has a tipping point. Before that tipping point is reached, most people overestimate the impact of the event—that is the bubble phase.

And once it passes that point, everyone collectively underestimates its long-term power.

For example, Columbus back then: all the European nobles thought it was just a new route—little did they know it was a new continent!

What should we do? Hearing him say this, I can’t hold back—I’m even more eager to come in and scoop up SPCX at the bottom!

Vitalik has released a new long-term ETH roadmap, defining Lean Ethereum as the third major restructuring of Ethereum:

The first was early PoW Ethereum,
The second was the PoS Ethereum after The Merge,
And the third is a multi-year (3–4 year) long-term protocol overhaul centered on recursive STARKs, quantum-safe security, privacy-first design, state layering, simplified consensus, and formal verification.

Any single module alone is a huge engineering effort, requiring years of research, testing, and governance coordination.

V God has outlined a possible 2030 form: 2 TB of today’s style dynamic state + 100 TB of a new, scalable state.

Ethereum isn’t content with continuing to patch and tweak the existing architecture—it is preparing to reinvent the protocol’s underlying layer, without significantly breaking existing applications.

This isn’t just ordinary scaling; it’s about carrying much larger volumes of asset, account, and application data by building new types of state.

That means Ethereum’s application architecture, L2 positioning, wallet design, zk infrastructure, and the long-term narrative of $ETH will basically all be reshaped!

⚡️A signal worth paying attention to—

Within two days, the Aave New Monad market saw deposits exceed $100M, and total deposits in Aave V4 surpassed $250M.

Real-world capital is being tested, showing that blue-chip DeFi has not been completely squeezed out of the market by memes and RWA.

Major DeFi protocols are focusing their efforts on solving the problem of liquidity fragmentation—and with some success;

For example, Uniswap V4 and Aave V4 are fundamentally doing the same thing:

Unifying underlying liquidity and the settlement layer, while allowing upper-layer business modules to remain differentiated.

DeFi is definitely entering its next phase: competition from single-point product offerings → competition among liquidity operating systems.

Where is the next certain opportunity?

Don’t enable Google cloud sync for 2FA, but do keep offline recovery capability.

Especially if you’ve set up a large-funds exchange account: your Google account can easily become a “super entry point”!

If you’ve already enabled it, after turning off cloud sync, you should also fully unbind and rebind all 2FA for important platforms. Because if the old secret keys were ever uploaded to the cloud, you can’t confirm whether they’ve already been exposed.

So how do you prevent the scenario of losing your phone when you don’t use cloud sync?

1. Prepare a spare phone dedicated as a backup authenticator

Buy a cheap iPhone / Android—any will do. Don’t insert a SIM, don’t install Telegram, don’t browse or follow on Twitter, and don’t click links.

How to set it up:

1）Turn on automatic time calibration on both your main and spare phones.
2）When rebinding 2FA on the exchange, have both phones scan the same original QR code at the same time, or enter the secret key to complete the binding.
3）Confirm that the 6-digit codes generated by both phones match.
4）Test on both phones separately to make sure the verification codes work for login.
5）Power off the spare phone and store it at home in a safe/cabinet drawer to prevent loss. Open time calibration every six months.

2. Save the platform-provided secret key offline

When binding 2FA, it’s not easy to preserve the QR code. The generated “gibberish” string:

JBSWXXXXXXKK3PXP

Copy it by hand and store it offline like you would a seed phrase (mnemonic). If you lose your phone, you can restore 2FA on a new device without affecting your ability to log in.

Many times, what you’re facing isn’t a problem, but an entire set of rules or assumptions you can’t change—so you’ll feel powerless.

The way to address it is to assume, by default, that you will make mistakes, and to cultivate a good habit of long-term review and reflection.

After you reflect, what do you do?

1️⃣
Create a decision-making mechanism: limit errors in advance to a range you can tolerate;

2️⃣
Involve a partner in this decision—use others’ strengths to offset your own shortcomings.

That’s what maturity looks like.

There’s another rule change here.

I noticed that many people didn’t pay attention:

Previously, the rule was that as long as you held USD 1 in a contract or leveraged account, the reward would be multiplied by 1.2x—no trading was required.

Now you must open a 300u position in order to get the 1.2x bonus, so remember to open a position.

Also, contract trading pair $USD1 currently only has BTC.

The chart below shows data on stablecoin growth using Surf as the runner. The source is publicly available stablecoin market cap data. Overall, stablecoin growth actually comes in two forms:

One is growth driven by yield—high APYs, activity incentives, and expectations of points—to attract capital. The other kind of growth is entering real trading use cases. For example, stablecoins that mainly serve as trading tools: can they be used as margin? Are there popular trading pairs? Does the order book have depth? Are large orders willing to be placed here?

Currently, most are probably in the first category.

Before $USD1 was also in the first category; it is now evolving toward the second, because based on my observations, in some recent periods the Binance contract trading pair BTCUSD1 shows that its order book depth does not look weak. At certain key price levels, BTCUSD1 can show relatively large resting orders; compared with that, BTCUSDC at some price levels is mostly dominated by small orders. Of course, this doesn’t mean USD1 has completely surpassed USDC across the board, but it does indicate that

$USD1 has started to enter real trading scenarios. This point is important because in the end, stablecoins don’t just compete on issuance volume, nor is it simply about who has the higher APY. Incentives will definitely end. After user habits are cultivated, the stablecoin that can truly become a settlement currency, a collateral denomination, and a trading medium that users are willing to use—those are the ones that remain accepted by the market.