唐华斑竹

What’s a “doomsday start” in life? At age 10, both parents died, and he wandered alone for 7 years. Before turning 17, he hadn’t gone to school for a single day, and he could only recognize a few Chinese characters. At 31, his company was listed on NASDAQ, and his net worth reached 13.5 billion. Even authors of online novels don’t dare to write a story like this—the person is Zhang Junjie, founder of Bawang Chaji. $SOL

Du Yongping threw 100 million yuan into a “ten-year agreement,” but Bian responded: “Time is the fairest judge”

A well-known investor, Du Yongping, proposed a 100-million-yuan investment commitment: a ten-year term, heavily focusing on Kweichow Moutai, and publicly challenging domestic funds.

On the night of August 13, Dongfang Port’s chairman, Bian, posted a response on social media. “I saw many friends on Xueqiu tag me and mention that Du Zong borrowed from Buffett’s classic bet—proposing to use the ten-year holding returns of leading liquor stocks as a benchmark, and to launch a one-hundred-million-yuan showdown against domestic private funds, hoping I would take the challenge.” “No need for a bet, no need for hype—time is the fairest judge.”

According to screenshots circulated online, some netizens advised Du Yongping to refer to Buffett’s decade-long agreement, and set up a public, ten-year investment wager to teach A-shares—and all investors—a lesson about compounding returns over time. Du Yongping replied: “I dare to hold Moutai and bet one hundred million yuan with any domestic fund within ten years. The condition is that we have to agree in advance that the party who wins gets the money to donate to an agreed-upon recipient that both sides recognize.”

However, as online attention increased, the original post was deleted.

In his response, Bian said that when he looked back on the 2017 debate with a professor surnamed Su over leading liquor stocks, he had publicly thrown down a 100-million-yuan bet at the time. As it turned out, the market played out early and validated his judgment, but “even if I won this debate, I didn’t ask for a single cent.” $SOL

It’s rare that an Avalanche “treasury” company can come to be this way, but it looks like no matter how many positive developments there are, AVAX is still a dead snake that can’t raise its head anymore.

In Q2, revenue year over year grew by more than 5 times. AVAX One holds 14.091 million AVAX.

AVAX One has released its 2026 second-quarter financial and operating results. Revenue for the period was USD 2.8 million, up more than 5 times from USD 0.452 million in the same period of 2025. Of this, AVAX staking rewards were approximately USD 2.1 million, and bitcoin mining revenue was approximately USD 0.7 million. Due to changes in the market value of digital assets, the company recorded a net loss of USD 35.1 million in Q2, including unrealized losses on digital assets of USD 29.75 million and impairment of liquid staking tokens of USD 2.61 million. Excluding the above non-cash items, the adjusted net loss was USD 2.2 million.

As of August 13, AVAX One holds a total of 14.091 million AVAX and equivalents. About 0.8 million AVAX have been deployed to Treehouse, and roughly 95% of its assets are in staking, with an annualized return of around 5.4%. In Q2, the company repurchased about 144,800 shares, and since November 2025, it has cumulatively repurchased about 417,500 shares.

AVAX One plans to repurpose approximately 100 kW of idle bitcoin mining capacity from its Redwater facility to an AI inference business, while maintaining its full-year 2026 guidance. Under current spot price assumptions, the company expects full-year revenue of USD 11.0 million to USD 12.0 million, and EBITDA of USD 2.0 million to USD 3.0 million.

AVAX One is a digital infrastructure company listed on the Nasdaq in the United States, with the stock ticker AVX. Its core businesses include building an Avalanche digital asset reserve, earning on-chain yields through staking, while operating bitcoin mining facilities and developing modular data centers and AI computing services. $AVAX

From 40,000 to 36—how did the futures introducing-brokers group get “wiped out”?
In August 2026, a major event took place in the futures industry. Multiple companies—including Guolian Futures, Cinda Futures, Yide Futures, Zhongyuan Futures, Hongta Futures, and others—issued announcements in close succession, stating that they would terminate their intermediary business cooperation with all introducing brokers.

At the same time, data from the official website of the China Futures Industry Association shows that only 36 futures introducing brokers have completed system registration so far, spread across 15 small and medium-sized futures companies. During the peak period, this figure exceeded 40,000.

From more than 40,000 down to 36—within just a few years, this industry “cleared” a massive group to nearly zero.
According to the 《Administrative Measures for Futures Companies’ Introducing Brokers (Trial)》 published by the China Futures Industry Association in 2021, introducing brokers—also known as intermediaries—refer to institutions or individuals who, being entrusted by a futures company, provide intermediary services to help the company and traders enter into futures brokerage agreements, independently assume civil liability arising from the intermediary services, and receive compensation from the futures company according to the agreed terms.

In plain language—introducing brokers are the people who bring customers to futures companies. They are not employees of the futures company and have no subordinate relationship with the firm. They introduce a customer and receive a commission.
The disappearance of the introducing-broker industry is directly related to regulatory crackdowns. In May 2025, the revised 《Administrative Measures for Futures Companies’ Introducing Brokers》 was officially released and took effect on August 1, 2025. The new rules focus on five key areas: improving requirements for introducing-broker cooperation, strengthening monitoring of clients’ trading activities, enhancing management across the entire process, establishing a key monitoring list, and完善 exit mechanisms.
The results were immediate:

At the end of 2024, there were 5,067 futures introducing brokers whose contracts were still in effect nationwide.

By the end of March 2025, the number dropped to 4,417.

By the end of June 2025, it fell to 3,643.

On August 4, 2026, only 36 remained. $SOL

Wang Sicong’s trip to Spain directly lets people see the spending standards of top-tier billionaires! It also makes it clear to the audience: it’s not that Wanda has no money—its company has no money anymore, and that has little to do with the Wang family. Don’t mix it up and think that if Wanda has no money, then Wang doesn’t have money either. Don’t get the two confused.

Ibiza’s ultimate spending-and-show off hotspot: a bottle of mineral water is 90 yuan, and a cup of liquor is around 200!

He’s wearing big shorts, casually lounging in the crowd. The people dancing downstairs might very well be Jason Statham—while in summer, even private jet parking spots have to be fought over.

The people who can lie around at Ibiza’s top parties are never just about whether they have money—it’s about whether you can get that invitation card.

That’s what Ibiza is like in summer. Private jet parking spots are harder to get than restaurant seats. Every day, there are rich second-generation kids guarding the airport, waiting for some temporary vacancy. Wang Sicong can lounge there so casually in big shorts in a place like this—so it’s obvious he didn’t come to “spend.” He’s one of them. Those who desperately want to squeeze in can rack their brains and still can’t get in. He doesn’t have to do anything, and he can just lie there.

Over there, a bottle of mineral water costs 90 yuan, and a cup of liquor is around 200—but the real money burner isn’t the alcohol. It’s “casualness” itself.

Only people who can relax in a scene like that are truly accepted by this circle. The way Wang Sicong lounged on the couch—exactly shows that his trump card isn’t just money, but his identity. Ibiza is this circle’s exclusive playground. It can precisely identify the crowd—who is an outsider who came just for a night of wild partying, and who is one of the insiders.

In early August, he just stepped down as a director of Wanda Industrial Investment Co., Ltd. This is his third time withdrawing from the board of directors of Wanda’s core entity. According to public information, he has cleared out all directorship positions within the Wanda system, and has fully become an “external shareholder who only holds shares and doesn’t get involved in politics.”

Someone has done the math: Wang Sicong’s titanium villa on Ibiza costs between $250,000 and $280,000 per week. Renting a yacht costs €15,000 per day. Just the fixed expenses alone break 500,000 RMB in a single day. Yes—one day.

A son whom his father publicly said had “absolutely no interest in taking over”—chose to send himself into exile on Ibiza. $SOL

Who is the Chinese buyer who put $100 million into Trump’s cryptocurrency?
Last month, at the World Cup final held in New Jersey, Zack Wittekow, the co-founder of Trump’s cryptocurrency company, watched the match from a luxury box. Also in attendance was a man who brought a fortune to the president and all of the company’s co-founders.
Two years ago, this man, named Zhou Gureng (phonetic; English name Bobby), was still a failed hardwood flooring retailer in the UK and was there being investigated over alleged money laundering; he also oversaw a small cryptocurrency startup whose final broadcast was handled by a producer.
Then, as if out of nowhere, he reemerged and became one of the largest buyers of Trump’s “World Free Finance” token, pouring $100 million into a new company called Aqua 1. Over the course of several months, he stayed low-profile, speaking briefly only once—on an audio livestream on the X platform that drew little attention—under the identity “Mr. Bobby” of Aqua 1.
“We are very proud to be an important participant in ‘World Free Finance,’ which is a crypto enterprise of the Trump family,” he said.
Under the rules of World Free Finance, as much as $75 million of the funds was allocated to a company controlled by the president and his three sons. The money also benefited Steve Wittekow’s family; he is the Trump administration’s special envoy and also Zack Wittekow’s father.
In any prior era, a foreigner with no publicly documented evidence of such vast financial means handing over a sum of money of this magnitude to the U.S. president would almost certainly have been viewed as violating political norms, and might even have triggered a congressional investigation.
Yet the murky case of Zhou Gureng shows just how easy it is for buyers with unclear origins and motives to funnel large amounts of money to Trump using the anonymity of cryptocurrencies. The financial disclosure report Trump recently released shows that last year he earned $1.4 billion in revenue from his cryptocurrency-related businesses, most of it from anonymous sources.
It is not yet clear how deeply World Free Finance has vetted Zhou Gureng’s background, but information about the UK money-laundering investigation is publicly available, and some details of Zhou Gureng’s troubling business history can also be looked up. $SOL

I’ve also been wondering: if Trump so offends Iran and others, doesn’t he worry about retaliation a few years from now after he leaves office? Will the U.S. government always protect him, his family, and his relatives and friends?

Trump responds to secretly swapping planes to return from Turkey to avoid assassination: “I received a lot of threats. I followed the military’s instructions.”

On August 12, the Washington Post reported that Trump confirmed he secretly changed aircraft when he left Turkey last month. Previously, the White House had led the public to believe that Trump flew back from Turkey on “Air Force One,” but in reality he was arranged to board another plane.

Speaking on Tuesday local time, Trump said the Secret Service and the military had made the request due to security threats. “They wanted me to take another flight, another aircraft. The security level is the same, but they asked me to do it, so I did. I followed their instructions.” At that time, White House staff, accompanying reporters, and other government officials took “Air Force One” back from the North Atlantic Treaty Organization summit in Ankara to the United States, and were misled into thinking the president was flying with them on the same trip. This complicated arrangement stemmed from assassination threats against Trump by Iran.

When asked why the plane was changed, Trump replied: “I guess there’s some kind of threat out there. I didn’t ask too many questions. I received a lot of threats.” However, Trump refused to disclose the specific details of the threats, and did not explain why the military believed that other personnel could ride in the presidential aircraft safely while he himself could not. $TRUMP

Do you play trading cards? If you don’t, you’ll be left behind.

The Pokémon trading card market is valued at $10–15 billion, and blockchain projects are trying to tokenize trading.

The market size for Pokémon trading cards is currently about $10–15 billion. This has driven retail chains like Costco to see customers lining up to buy, and Logan Paul’s Pikachu Illustrator card once sold for as much as $16.5 million.

Sales performance from major chains like Target and Walmart, as well as eBay’s $26.2 billion in card sales in 2025, show that trading cards have become an important alternative asset class—recently outperforming the S&P 500 index and Bitcoin.

The blockchain startup Deadstock, launched by ATH Labs, is attempting to tokenize high-grade cards and store them in vaults to address issues in this market such as fragmented trading and slow transaction speeds. The project still faces liquidity challenges, as well as the network-effect advantages of existing platforms like eBay. $SOL

Binance will list the DOSUSDT perpetual contract on August 11, with a maximum leverage of 20x
According to the official announcement, Binance Futures will launch the DOSUSDT perpetual contract on August 11, 2026 at 15:00 (UTC). The contract will support up to 20x leverage and use USDT as the settlement asset. Within 24 hours after the contract goes live, the contract copy-trading (follow) feature will be enabled. $DOS

“NFT不是没人玩了吗？怎么这个这么火？”

Sold out in under an hour—Pudgy Penguins co-founder Cole Villemain launches Spritehood, minting revenue of $1.28 million

Pudgy Penguins co-founder Cole Villemain was voted out and removed by project holders in January 2022. Early Tuesday morning, Cole Villemain’s 44,444 NFT series Spritehood launched on the Robinhood Chain sold out completely in less than an hour. According to on-chain transaction statistics, this NFT mint generated about $1.28 million in revenue. In the public mint, 37,430 NFTs were sold at a price of $17, and another 5,526 were sold at $117; the latter corresponds to the $100 upgrade option provided on the minting page. Based on the above data, the total sales revenue for this launch was $1.2829 million. Using the contract mint price, this is equivalent to approximately 684.28 ETH. Before the paid sales began, the contract deployer also minted 1,488 NFTs for free via 20 zero-price transactions. $NFT

Everything is completely messed up! Damn it

The BIP-110 new proof-of-work algorithm selection is thrown into chaos. Luke Dashjr proposed deciding the algorithm based on the last character of the first Testnet4 block hash that appears after 14:00 UTC.

The process of selecting the new proof-of-work algorithm for the BIP-110 fork has fallen into chaos. Luke Dashjr proposed using the last character of the first Testnet4 block hash that appears after 14:00 UTC to decide the algorithm. Peter Todd called this method “an extremely crazy decision,” arguing that the mining cost of Testnet4 blocks is low enough that someone could intentionally compute hashes repeatedly to force the result toward a preferred algorithm. After that, multiple competing Testnet4 blocks appeared at the same height.

In the BIP-110 Discord, Luke Dashjr replied: “I’m even more confused.” A participant said they had already ordered Blake2b ASICs before the algorithm was confirmed, then added, “I guess I’ll cancel the order.” Luke Dashjr later admitted that Testnet4 “isn’t a good way to do this,” and suggested that using a valid Bitcoin block could be considered instead. Giacomo Zucco said this incident shows that today, restarting Bitcoin in a fair way is almost impossible. $BTC

No wonder Lista went up today.
Binance completes Lista integration, opens deposit and withdrawal services
According to an official announcement, Binance has completed the integration of Lista (LISTA) on the Ethereum (ERC20) network, and deposits are now open. Binance will open withdrawal services once it has received sufficient deposits, and will not issue any further announcements. $LISTA

I trust you, you old mother! Fooling idiots, huh
Arthur Hayes: ENA could potentially see a 5–10x gain in the coming months
In his latest article, “Situationship,” Arthur Hayes said that Ethena is a stablecoin project currently in a difficult position but has the potential to comfortably rise by 5–10x. He noted that one issue with Ethena is the lack of a buyback mechanism; however, since it is still the sixth-largest U.S. dollar stablecoin by circulating supply, this can be ignored. ENA’s problem is that, due to price declines, the Bitcoin basis yield is not sufficient—so the return from holding USDe is almost the same as that of Treasuries. Therefore, staking synthetic dollars on USDe, while taking on counterparty risk from centralized exchanges and smart-contract risk, really isn’t worth it. That’s why the peak circulating supply has dropped by 75%, and why the ENA token price has fallen more than 90%.
So in the future, even if U.S. dollar liquidity only shows a modest increase, it can push Bitcoin prices higher—thereby lifting basis yields and causing large amounts of capital to flow into USDe. ENA shaking off the slump doesn’t require much, so in the next few months it might be an investment opportunity worth considering for a fast 5x gain.
According to monitoring, since August Arthur Hayes has made massive purchases of ENA. As of August 6, he has accumulated 22.64 million ENA, worth about $2 million. $ENA

Waited another day, and still only 2 blocks—so for now it’s not catching up to the mainnet. But don’t jump to conclusions too early; maybe there’s still a later act.

The BIP-110 forked chain is 326 blocks behind the Bitcoin mainnet. It’s expected to take more than six years before mining difficulty can be adjusted

The Bitcoin rule changes proposed by BIP-110 were triggered by a chain fork on Saturday. The forked chain currently only produces 2 blocks, and then fell into a standstill.

Because the forked chain inherits the Bitcoin mainnet’s high mining difficulty, and its tokens have no market value, miners lack the motivation to support it—causing the chain to fall behind the mainnet by 326 blocks. The forked chain must reach 2016 blocks before it can lower mining difficulty. Currently, it’s expected to require more than six years. Some observers say it’s still too early to conclude that this attempt has failed. $BTC

I guessed it right—sure enough, another Bitcoin fork coin has been created, just like BCH and BSV. But current Bitcoin holders are in luck: they can “free farm” an airdrop out of thin air.

Bitcoin’s BIP-110 fork has stalled, with insufficient support from miners. The BIP-110 developers plan to carry out a hard fork on September 1 to change Bitcoin’s proof-of-work algorithm.

In a post on the X platform, Bitcoin News said that Luke Dashjr stated that the developer meeting’s “progress is going smoothly,” and that related plans are moving forward. The plan is to change Bitcoin’s proof-of-work algorithm via a hard fork. Developers expect to publish the selected hash algorithm tomorrow and enable RTDS starting from the first block. Discussions are also underway regarding block size reduction and replay protection. At the time this message was released, reports emerged that Dashjr is no longer an authorized user of the BIP content repository. If this proposal is implemented, changing the proof-of-work algorithm will create a separate blockchain and effectively form a new clone coin. Existing BTC holders will receive tokens on the forked chain. $BCH