币圈荒木

The Top Female in the Crypto World｜What Makes He Yi the 'Sister'?

If there is a goddess in the crypto world, He Yi is definitely not a 'marketing persona' but an OG Queen 👑 forged through real effort.

She didn't rise to fame through labels but through hardcore execution and a strategic vision that transcends cycles, step by step establishing herself as an industry benchmark.

🎙️ From a host at CCTV Finance to co-founder of Binance, this is a cross-industry leap that many can't even imagine.

In 2014, she gave up a stable job and jumped into the muddy waters of the crypto world, where Bitcoin was still just a small circle of geeks and idealists, yet she entered when it was least favored.

She bet on the future and won the trend.

Later, she partnered with CZ to found Binance, responsible for the core areas of 'brand, community, and globalization.' She was not just an operator behind the scenes but a core decision-maker 'on the front line':

Connecting global communities
Building a bridge between Chinese content and international users
Establishing platform trust through live streams, AMAs, and Twitter
Driving Binance to become the largest exchange in the world

Her statement 'Binance is everyone's Binance' has touched countless users, making retail investors willing to 'trust once more' during crises.

💬 She never plays the 'victim' or relies on the 'female entrepreneur' label to attract traffic.
She has repeatedly emphasized in public:
'Whether you can get things done is not because you are a woman, but whether you can drive things to happen.'
She is one of the few who can retain users' attention in a tech-dominated industry through 'content + consensus.'
She transformed Binance's brand from a 'cold, centralized platform' to a 'trusted community' without relying on traffic but on deep human understanding + high-intensity execution.
📌 She is one of the few 'articulate, capable, and action-oriented' OGs in the circle.

On social media, she is very outspoken and sincere, occasionally dropping golden quotes for people to ponder:

'If you don’t sell, it’s not a loss.'

'You either love it or leave it. The middle ground is reserved for liquidated retail investors.'

'Not doing anything in a bear market means you’re not even worthy of doubling down in a bull market.'

This is not showing off; it’s a summary—she is the one who has experienced the complete cycle from zero, and what she says, she has truly lived through.

Celebrating BTC breaking through 120,000 USD, daily red envelopes are being distributed.

Celebrating BTC breaking through 120,000 USD, daily red envelopes are being distributed 🧧

Saw Saylor post orange again on Sunday night

Just one line: We found room for even more orange
Along with a chart showing their Bitcoin accumulation progress
The comments are already guessing how much they’ll buy next week

Strategy (MSTR) holds around 848,517 BTC
At an average price of about 75,446
With the current price near 78,000, the position is still hovering around its cost basis

In the past, posts like this were often followed by a purchase announcement a couple of days later
Could it happen again this time?
I’ll wait and see 👀
$BTC

Came across some numbers on tokenized US stocks 👀

Tokenized stocks on Ethereum
are up about 170% year over year,
bringing their total to around $827 million.

The tokenized stock sector as a whole
was at roughly $4.6 billion by the end of October.
Ethereum already accounts for a big chunk.

Most are still backed 1:1,
with US stocks and ETFs behind them.
They can be transferred 24/7 and bought fractionally,
then plugged into DeFi for another layer.

Some are comparing this to the early days of stablecoins,
saying today’s scale is like when they were just getting started.
Whether it can follow the same trajectory
comes down to real redemptions and liquidity.

I’ll just note down the numbers for now.
No rush to spin a narrative.

I just came across some on-chain data.
The average cost basis for short-term holders has climbed to around $76,000.
Back in mid-August, it was still somewhere near $67,500.
It’s been steadily rising.

MVRV is hovering around 1 again.
That means people who entered the market recently
are basically right on the breakeven line.

The current price is just above $78,000,
with only a small cushion above their cost basis.
There’s been a lot of talk about buying support in the $75,000–$78,000 range.
The closer the price gets to the cost basis,
the more tempting it becomes to sell and break even.

I’m sticking to my usual approach:
I don’t chase big red candles.
I wait for a break below, then see whether the price can reclaim the level on a bounce.

Scrolling on my phone late on a weekend night, and another batch of numbers jolted me awake 😅

Data from Goldman Sachs’ prime brokerage desk:
Hedge funds have been net sellers of AI stocks for five straight trading days,
wiping out all their net buying since the start of 2025.

They’ve dumped roughly $20 billion in tech stocks over two weeks.
They’ve been cutting existing long positions
at about 3.5 times the pace of opening new shorts.

What’s even more striking is memory.
Micron (MU) and a host of other memory stocks
lost a combined $700 billion-plus in market cap in less than two weeks.
Chip stocks fell about 15.6% in October,
while the S&P 500 was down less than 1% at the time.

Sentiment in crypto was already weak,
and AI positions in U.S. stocks are being unwound too.
Before Monday’s open, make sure you’ve got these numbers straight.

Scrolling on my phone tonight, I came across this ☕

Xinhua published the full text of a decision today, with authorization
The one adopted at the Fifth Plenum on October 29

There was one line in it that stuck with me
“Resolutely crack down on corruption carried out using the internet, virtual currencies, cross-border funds, blockchain, and other means”

In plain English
They’re targeting the route where officials use virtual currencies to engage in corruption
It’s not another new ban on trading
Trading hasn’t been allowed to begin with

People in the group are already digging up old cases
The regulatory narrative got another layer this weekend
Let me read the document properly before we start arguing

Came across a pretty surreal sight this weekend ☕

Anthropic hasn’t officially gone public yet,
but people are already betting on its stock price on-chain.

There are two contracts listed on Hyperliquid.
One is called ANT, tracking the price per share.
It opened around 138, later fell to around 110, down about 20% in the first hour.
The other is called ANTH, where $1 corresponds to a $1 billion valuation.
It’s now a little over 1,800, implying a valuation of about $1.8 trillion.

Keep in mind, neither of these is actual stock.
There’s no equity involved, and they settle in USDC.
The company has also warned people to be cautious about third-party products claiming to offer equity.

trade.xyz estimated a possible listing date around November 20.
Anthropic hasn’t confirmed it.

The IPO hasn’t even opened,
and the perpetuals are already underway.
All I can do is sip my tea and watch 🙂

This schedule for U.S. stocks next week really isn’t going to let anyone get a decent night’s sleep.

From November 2 to 6, AI earnings, the midterm elections, and the jobs report are all piling up. No idea whether my account will recover, but I’d better top up the coffee for those late nights 😂

After Monday’s close, it’s Palantir (PLTR); after Tuesday’s close, AMD. I just want to know whether there’s still room at the AI table. Are companies willing to spend? Can chip orders turn into profits? Is the outlook solid enough?

As someone who keeps an eye on semiconductors, what I fear most is finishing an earnings report thinking things look solid, only to open my account and get slapped in the face again. Good results alone aren’t enough anymore—they have to beat the market’s already sky-high expectations. If even good news can’t push stocks up, that’s a reason to be extra cautious.

The U.S. midterm elections are also on Tuesday, so I bet all kinds of rumors will be flying around. Taxes, fiscal policy, regulation—any hint of a shift in direction could make the related sectors jump around. Feel free to follow the news, but don’t let it get you carried away with your positions. Don’t get carried out before they’ve even finished counting the votes.

The jobs report comes out Friday at 9:30 p.m. Beijing time. If the numbers are too strong, people will worry rates won’t come down; if they’re too weak, they’ll worry the economy can’t hold up. There’s always a reason to sell either way, so don’t rush in to catch a falling knife just because you see “below expectations.”

Next week, I’m watching just one thing: once the news is out, will anyone still be willing to keep buying? Good earnings can drive a rally, and it’s reassuring when buyers step in on a pullback. If stocks spike and then fade even on good news, don’t just stubbornly talk yourself into it.

A quick reminder: the U.S. has switched to standard time, so next week the market opens at 10:30 p.m. and closes at 5 a.m.

U.S. stocks, do me a favor and get your act together. I’d hate to lose my hair before I’ve even made any money.

Just after 8 a.m.,
October’s monthly candle is locked in 🍂

Bitcoin went from 83,623 to 77,582 in October,
down 7.2% for the month.
I was about to complain,
then I saw Ethereum at -16%
and SOL at -19.1%.
Suddenly Bitcoin seemed pretty resilient 😅

It’s hovering around 77,900 now.
Everyone’s watching the 76,000 level.
I’ll sit back and watch how November starts.

Seeing the data this morning left me a little speechless
U.S. spot Ethereum ETFs
Have seen net outflows for 23 consecutive trading days

Glassnode says this is the longest streak since launch
Outflows topped $1 billion for all of October
About $156 million flowed out on October 30 alone
ETHA accounted for roughly $76.6 million

On-chain staking is still hitting new highs
While ETFs see redemptions day after day
The two sides seem to be looking at completely different ETH

ETH is still hovering between $2,200 and $2,500
I’ll keep track of the consecutive days

The Nasdaq took a pretty hard hit on Friday
QQQ fell about 3.5% in a single day

And then some people jumped straight into 3x leverage to buy the dip
TQQQ saw nearly $1 billion in inflows in a single day
Ranking as the fifth-largest on record

At the close, TQQQ itself was still down about 10.5%
Trading volume surged to over 100 million shares

Over the weekend, people in the group chat were arguing again
Was it buying the dip or catching a falling knife?

I’ll make sure to remember the numbers
$TQQQ

Almost laughed out loud reading the news this morning ☕

Russia used to keep talking about banning crypto
Now the Moscow Exchange is scheduling its own launch

The plan is to start on December 1
Initially listing Bitcoin, Ethereum, and USDT
Under regulatory rules, these are the only three that non-qualified investors can access

It’ll follow the stock market model
With an order book and swaps for liquidity
Trading hours will be roughly 7 a.m. to midnight Moscow time

Clients are already testing it in their environment
The pilot team says they’ve got enough testers to launch the December pilot

When the calendar turns to December 1
I’ll just sit back and watch 🙂

Came across a small Nasdaq-listed stock, NXTT
Market cap is only around $7.8 million
Yet it has about 5,833 BTC sitting on its books
At an estimated $77,000 per BTC
That comes to roughly $449 million 😮

The board just authorized the CEO
to sell or pledge these BTC in tranches
with the aim of reducing exposure and boosting liquidity
They also mentioned custody and market risks,
as well as international hackers, exchange security vulnerabilities,
and the potential impact of quantum computing on cryptographic algorithms
The company says the coins are held with an institutional custodian in Japan
Authorization doesn't mean they've already dumped the coins
When to act and how much to move is still up to the CEO

A market cap of just over $7 million
with more than $400 million in crypto holdings
The contrast is kind of surreal
Just making a note of it
Not taking sides

$BTC

Another Whale Alert just dropped in the group
I opened it and took a look 😮

About 550157 SOL
Worth roughly $52.67 million
Moved from an unknown wallet into Coinbase Institutional

Earlier the same day
Another roughly 1.22 million SOL
Worth about $117 million went into Coinbase Prime
That’s a pretty substantial amount moved over today

SOL is still hovering around 96
Spot SOL ETFs have also seen net outflows recently
Custody doesn’t mean an immediate sell-off
But with funds flowing into institutional accounts repeatedly
It’s worth keeping in mind

Saving this for the record
Not taking sides

$SOL

Came across a string of DeFi domain hijackings this Halloween

Security firm Blockaid flagged
Flap and Kintsu first
Then it spread to around 12 sites
Including StonkFun, Pickle, and Echelon

The method: DNS hijacking and frontend injection
Official domains redirected to wallet-stealing pages
One signature after clicking “Connect Wallet”
And StepDrainer could drain your wallet
The on-chain contracts are mostly unaffected

StonkFun says it has switched to new infrastructure and is back up
No consolidated loss figures have surfaced yet

Even if a domain looks legit, don’t rush to connect
Check approvals before you act 🎃

I came across Base’s weekly update and nearly choked on my coffee ☕

October card spending settlement volume
hit about $243 million
A record—up around 80% from March

Cumulative DEX trading volume for tokenized U.S. stocks
also crossed $4 billion
There are now about 218 stocks listed on it

The next upgrade, Denim,
is scheduled for mainnet on November 5
Block times will drop from 2 seconds to about 200 milliseconds

Onchain card spending, stock trading—and now even faster
I’ll just sit back and watch this weekend 👀

While scrolling through chats, I came across a margin data point
and froze for two seconds 😅

ETH margin longs on Bitfinex
have piled up to around 389,646 ETH
worth about $875 million
just shy of the 90-day high of 389,921 on 10/30

Shorts are only around 4,589 ETH
with a long-to-short ratio of about 84.9:1
Back in late August, longs were only a little over 80,000 ETH
They’ve multiplied several times over the past few months

The current price is still hovering around 2,240
The daily RSI is close to 30
Yesterday, spot ETH ETFs saw net outflows of about $156 million

Data from public margin statistics
Just making a note of it
Not taking sides

$ETH

Came across a pretty interesting post
Tokyo-listed company Iore is about to sell off all its BTC

151.21 coins in total
Selling from now through the end of November
An estimated paper loss of around ¥254 million
The money will go into AI data centers and computing power

What’s even funnier
They’re dumping all their Bitcoin
But still holding on to HYPE

Someone in the group said this is BTC being swapped for GPUs
Others joked that the treasury era is starting to fade

Anyway, BTC is still hovering around 77,000
Some people are switching up their narrative
I’ll make a note of it

During the big dip these past two days, my phone screen time got so high I was afraid to check 😅
Half the time I was watching candlestick charts, the other half scrolling through group chats

Then I came across Vitalik’s new blog post
called “Digital Minimalism”

He tried three experiments
Instead of using X’s algorithmic homepage, he switched to an aggregator client
Kept his phone in airplane mode by default for 100 whole days, connecting only to Wi-Fi
For on-chain activity, he tried to avoid using websites and used AI-written command-line tools instead

His reasons were pretty practical too
Every time you open a webpage, you have to trust the server all over again
You give up a lot of privacy, and there are tons of manipulative buttons

After reading it, I quietly turned off notifications from my market-tracking app
Lasted 10 minutes
Then I opened it again 🫠

$ETH