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.

Checking on-chain activity over the weekend,
I came across something a little alarming.
A monitoring service flagged an address as the Drift attacker.

About 9 hours ago,
this address withdrew 3,100 ETH from Tornado,
swapped it for about 6.92 million USDC,
and deposited it into Hyperliquid.

Then it went straight into 20x leveraged positions on both sides:
long about 169 BTC, with a notional value of roughly 12.84 million,
and short about 5,740 ETH, with a notional value of roughly 12.83 million.
That’s over 25 million combined.

Later, someone spotted that
the long position had grown to 263 BTC,
and the short to nearly 9,000 ETH.

Money from an unknown source,
opening such huge opposing positions over the weekend—
those numbers have me a little baffled.

Just making a note of it for now.
Not guessing what comes next.

Checking the positions dashboard in the early hours
And the whales on Hyperliquid gave me another scare 😅

These big players’ BTC shorts
have piled up to around $890–920 million
while their longs are only around $450–480 million
Shorts are nearly double the longs

Net short exposure is roughly $350–470 million
the most bearish it’s been since October 2025

The largest single short is around $178.5 million
with an entry price around $76,390
There are also shorts of $155 million and $101.8 million nearby
Plus a bunch of positions over $60 million

Around October 27, they flipped to net short
and have been adding to their positions ever since
BTC perpetual open interest on the platform is around $3.13 billion
Whales already make up a sizable chunk of that

Spot is still hovering around $75,700
and the largest short is sitting just above it

Being heavily short doesn’t necessarily mean they’re right
but with positions lined up like this
it at least shows big money is leaning toward a drop right now
Let’s see what happens around $76,000

I came across the ZetaChain governance vote results last night
They almost put me to sleep, then suddenly woke me up 😅

Proposal 2, also known as on-chain Proposal 70, passed
About 313.6 million ZETA voted in favor
Only around 400 votes against
The approval rate was roughly 99.99%

Around December 9
The snapshot will be taken near block 20755000, and the network will shut down
Once L1 stops, it won’t restart

ZETA will migrate 1:1 to native Solana SPL
Same ticker
Minting authority revoked
No third-party bridge

ZetaHub will open claims that day
Sign a message with your old wallet to link your Solana address
No fees and no SOL required
Don’t hand over your seed phrase
You’ll need around 10 or more to claim

Staked and unbonding balances as of the snapshot will count
Most exchange balances will be swapped automatically
Coinbase (COIN) will also have a separate window to convert ZETACHAIN to ZETA

About 55 million in unissued emissions will be burned monthly through 2027
ZetaLabs’ private AI will also launch on Solana that same day

Mark the big migration on your calendar
No need to keep shouting about it

Added up this week’s spot Bitcoin ETF flows
The numbers are a little eye-watering 😅

As of Friday, U.S. Eastern Time,
U.S. spot Bitcoin ETFs
saw about $1.28 billion in net outflows this week
— their biggest weekly net outflow in nearly 19 weeks

Another $411.9 million flowed out on Friday alone
BlackRock’s BLK IBIT
saw about $403 million leave in a single day
shouldering nearly all of it

Fidelity’s FBTC, by contrast, saw about $43 million in net inflows that day
The lone one in the green really stood out

$BTC is still hovering around 76,000
That’s how the weekly ledger looks for now
No rush to draw conclusions

Came across this NYT article over the weekend
Nvidia (NVDA) is caught up in export scrutiny again 😅

Apparently, the Commerce Department approved around 24 Chinese companies to handle H200 chip assembly or procurement
A reporter visited the sites
New Matrix’s registered address was an empty factory building
with wires still hanging from the ceiling
Maginfra’s office was empty too

Shareholders were also alleged to have ties to a fund linked to the Entity List
The list also includes big names like Baidu, BYD, and Tesla Shanghai
Their quotas are pretty large
but reportedly, actual shipments haven’t yet reached the full amount

Trump had previously cleared H200 sales to China
and the US was also set to take around 25%
The chips are still piled up in Hong Kong
and Chinese import approvals are slow too

The AI narrative doesn’t take weekends off
I’ll just note NVDA and the export scrutiny together for now
Not chasing the hype

Saw this about Aave today
They’re filling in another piece of the lending puzzle 😅

The team says
They’ve acquired the Avon team and technology
Fixed- and variable-rate lending
Plus an on-chain order book
The amount wasn’t disclosed

At first, they’ll focus on fixed rates
Serving institutions, fintech companies, and everyday people
About $33 billion in deposits
About $13 billion in active loans
This is already a sizable market

I’ve been burned by variable rates over and over
And finding a way to lock in a rate in DeFi always seemed difficult
Now even the giants are starting to push fixed rates as a serious product

Whether rates can really be locked in
Still depends on how things roll out
I’ll make a note of it for now—not getting caught up in the hype

I just came across this post from Keplr
Another one-click login fiasco 😅

The team says
some wallets created by signing in with Google or Apple
have had unauthorized transactions
Both social login options have been suspended for now
They’re investigating with Web3Auth

The good news is
wallets restored with a recovery phrase
and hardware wallets
appear unaffected based on the initial assessment

If you created your account by tapping “Sign in with Google/Apple”
don’t add any more funds to it
and don’t rush to import it elsewhere and recreate it
Treat any unofficial recovery links as scams

Convenience and keeping the keys out of your own hands
will always be a toxic pairing
I’m putting social-login wallets on my blacklist

Came across this Hong Kong news at noon:
The SFC is tightening the rules around names again 😅

The consultation has wrapped up
and they’re preparing to amend two ordinances.
Unlicensed firms won’t be able to casually use
combined terms like “crypto exchange” or
“virtual asset trading platform.”

Using “crypto” on its own may not necessarily count,
but pair it with “exchange,” “trading platform,” or “clearing house,”
and people could easily think the firm is licensed.
That line needs to be clearly drawn.

It still has to pass the Legislative Council,
then there’ll be a six-month grace period.
It doesn’t take effect tonight.

Hong Kong’s approach
is starting to look more and more like nailing the doorframe shut first,
then discussing who gets to come in.
I’ll just make a note of it for now—no rush to read it as bullish or bearish.

Just made instant noodles for lunch and came across Strive ASST’s Q3 earnings report 🍜

Q3 net profit: about $509 million
My first reaction was, this company makes a ton of money
Then I looked closer: revenue was only $2.7 million
Nearly all the profit came from about $534 million in unrealized gains on Bitcoin

They picked up another 15,124 coins in October
Bringing their total to 43,124 BTC as of October 30
Just 877 coins behind the second-largest Bitcoin holder among publicly traded companies

The awkward part is
The average purchase price for the Q3 batch was about $78,885
Now $BTC is hovering around $75,800
They’ll probably have to give back some of this quarter’s paper gains next quarter

Earnings reports from companies that hoard Bitcoin
Are, at the end of the day, just a reflection of the coin’s price
I’ll wait and see if they buy more next month

Saw this morning that the valuation got cut again 😅

Anthropic’s IPO
A month ago, people were still talking about around 2 trillion
Now more people in the industry are saying 1.2 to 1.3 trillion
Some are even calling for something close to 1 trillion

After the Nasdaq dampened AI sentiment this week,
the roadshow is still on track to start before Thanksgiving as planned
But pricing isn’t nearly as firm anymore

On the more crypto-native side,
Ondo says that on Anthropic’s first day of trading,
it will offer eligible non-U.S. investors tokenized exposure
using a stock-backed note structure
The on-chain market has its eye on ANT

I’m not guessing where it’ll ultimately price
I just think the AI narrative and on-chain stocks
have become intertwined again over the past few days

Came across something pretty painful this morning 😮

Former Financial Services Committee Chair McHenry appeared on Bloomberg TV
and said outright that the crypto industry blew its best chance this year to pass market structure legislation

The Clarity Act passed the House with bipartisan support last July
but then got stuck in the pursuit of a perfect bill
and a workable compromise was rejected
He admitted he bore some responsibility too

So what happened?
No legislation this year
Democrats take control of Congress next January
and reaching a deal on regulation could get even harder
The SEC and CFTC can only put forward their own proposals to fill the gap for now

I’m not calling a direction
Just remember one thing:
When a window closes, it closes

Came across another funding headline last night
This time, they didn’t cut the target 😮

The first $11 billion of OpenAI’s latest round
has officially closed
At an estimated valuation of $1.25 trillion

The round hasn’t closed yet
It could expand to around $20 billion over the next few weeks
The March round was about $122 billion at an $852 billion valuation
Now the valuation has climbed another notch

AI stocks in the public markets have been pretty shaky this week
NVDA has been swinging too
But money is still flowing into private markets

The CFO says they’ll keep pouring money into data center investments
I’m not chasing the hype
Just noting it down for now

Just saw the regulatory news
A little less strict than expected 😮

FinCEN and the Federal Reserve
have withdrawn their 2020 proposal
that would have lowered the Travel Rule threshold for cross-border transfers
from $3,000 to $250

The threshold stays at $3,000
Small cross-border transfers won’t need an extra layer of identity checks

The proposal had been pending for over five years
The industry has changed
They received nearly 3,000 public comments, by the estimate
Officials say they’ll seek feedback again before revisiting it

Last month, they also withdrew the two proposals on unhosted wallets and mixing
This is another old issue put to rest

I’ll make a note of it
Not exactly cause for celebration

Came across Coinbase listing a new coin
The name is a bit confusing 😅

Collector Crypt
Its native token on Solana is called CARDS
The platform uses CARD as its spot ticker
To avoid clashing with other tickers

It turns graded physical trading cards
Into redeemable NFTs
You can open packs, trade them, or redeem them for the real card in the vault

The official team says pack sales alone were about $433.5 million in Q3
The card token also made it onto the spot market

I’ll make a note of it for now
No rush to jump in

Just came across a pretty quiet but significant update:
The Russian Central Bank has finalized its list 😅

There are only three crypto assets
on the official list for non-qualified investors:
Bitcoin BTC
Ethereum ETH
and USDT

The directive takes effect on November 17.
Exchanges can offer these three for public trading.
For ordinary investors, the annual limit is 300,000 rubles per intermediary—
roughly $3,700.
There’s no limit for qualified investors.
Everyone must pass a test and receive a risk disclosure before trading.

The Moscow Exchange also plans to launch a digital currency market on December 1,
starting with BTC, ETH, and USDT.
Trading hours will be similar to the stock market:
6:50 a.m. to 11:50 p.m. Moscow time.

The criteria for selecting coins are pretty rigorous:
market cap, average daily trading volume, and at least five years of overseas market data.
I’ll make a note of it for now—no rush to interpret.

Just finished checking the jobs report
Still clutching my phone 😅

The market was expecting a little over 60K
But October came in at +165K
Unemployment: 4.1%
Hourly earnings: +0.4% month over month, +3.1% year over year
August and September were also revised up by about 84K

That’s a pretty hot number
CME’s odds of a December rate hike got pushed up to around 78–79%

The Nasdaq rebounded about 1.7% to 1.9% during the day
BTC broke above 76.1K, then pulled back
Now it’s still hovering around 75.5K–75.8K

Last week’s tech selloff hasn’t even worn off yet
And tonight we get another stronger-than-expected jobs report
I’ll keep an eye on the market
No rush to make a move

Just came across a regulatory update
My first thought was, here we go again
Then I opened it—and it’s pretty substantial

The U.S. Department of Labor has sent its final rule on alternative assets in 401(k) plans
To the White House OIRA for final review
Including crypto, private equity, real estate, and the like

A safe harbor for fiduciaries
Pass six tests, and alternative assets can be added to the menu
Performance, fees, liquidity, valuation, benchmarks, and complexity

It hasn’t formally taken effect yet
But the direction is pretty clear
That pool of retirement-account money is huge
We’ll see what happens if and when it’s implemented

Just saw Bittensor roll out quantum-resistant wallets

Three new signature schemes
ML-DSA-65, plus Falcon-512 / 1024
Covering transfers, staking, and validators

Existing wallets still work
No forced migration
You can enable automatic signature key rotation
Addresses, balances, and staking remain unchanged

The code is already on mainnet
Not all the features are enabled yet
Worth making a note of it
Quantum computing is still a long way off, but they’ve already laid the groundwork

I just came across the news that Nigeria’s central bank has raised the bar for stablecoins quite significantly.

USD stablecoin issuers need at least around ₦15 billion
— a little over $10 million.
They also have to be locally registered, with a physical office and local management.

Naira-pegged stablecoins need around ₦10 billion.
Other non-securities VASPs need around ₦1 billion.
These are calculated separately from the securities regulator’s capital requirements—you can’t use the same funds to meet both.

The rules are even stricter for P2P.
You need separate approval, and your name and BVN must match your naira bank account before coins can be released.
Accounts using aliases are simply not allowed.

P2P is a pretty sizable market in Africa.
With the bar set this high,
we’ll have to wait and see who can actually make it work.