长盈

In an instant, the entire market crashes—has the cryptocurrency market also been taken over by quant funds?

Haven’t seen any increase for months… a bit caught off guard—don’t let it fall again after you wake up in the morning…

In past years, BTC usually drops 2%, while altcoins drop 10%. This year, you do your thing and I’ll do mine—BTC, you can drop, and I’ll go up.

In these past two months, the performance of altcoins has been much better than BTC.
#BTC $BTC

Waited all day for the IPO, and not a single share came through. What a bummer! #SpaceX首日开盘超IPO价格29%

Effective from July 1, 2026, the "State Council Regulations on Foreign Investment": "If investors fail to adhere to the prescribed procedures for overseas investment filing, or apply for related filings using false materials or concealing true information, the filing authority will order corrections, confiscate illegal gains, and impose fines ranging from 0.1% to 0.5% of the investment amount."

How to interpret this?

The three-year crackdown on illegal financial activities, VPNs, and illicit securities operations has been enforced.

I doubt they'll let the crypto space off the hook; everyone stay alert to the risks.

Feeling a bit shaky, worried about a repeat of '94; is it a danger or an opportunity? What's everyone thinking?

$BTC

Futu and Tiger Brokers aren’t allowing access to US stocks for mainland folks, and with so many people heading to Hong Kong to open accounts, tutorials are everywhere—it's only a matter of time before they get hit with penalties. Honestly, with regulations tightening up, who knows when Binance might get completely shut down (they're currently not looking to offer services to Chinese citizens, but most users are from the mainland). What will we even trade then? 😭

Currently, blockchain tech truly has practical value
1. Value appreciation through savings
2. Transfers
3. Payments (currently a small market)
4. Asset tokenization

Other inscriptions, NFTs, memes, and AI applications are more hype than value
1, 2, 3 are old stories
Only 4 has great potential for the future

$ONDO looks like the absolute leader right now; is 4 billion too pricey?
$EDEN for shorts, aren't you looking at its market cap and control? RWA sector, US debt market, compliance—only a few million in market cap? It's still just pennies, so be cautious with your shorts.

The largest "interstellar fundraising" in history

SpaceX's IPO is breaking records in the capital markets.

Valuation and Scale:

SpaceX aims for a valuation between **$1.75 trillion and $2 trillion**, planning to raise **$75 billion to $80 billion**. This will not only make it the highest-valued IPO globally, but the fundraising amount will far surpass the 2019 Saudi Aramco record.

Retail Investors:
Rarely seen, SpaceX plans to allocate up to **30% of Class A common stocks for retail investors**, implementing a 5:1 stock split to bring the share price down to around $105.32 to attract more everyday traders.

So, is the $SPCX contract on Binance currently worth buying at the $200+ price point?

$SPCX

US stocks keep rallying, and storage-related semiconductors are going wild. From the start of the year to now:
SNDK went from 240 to 1480
Intel from 38 to 112
AMD from 220 to 420
MU from 295 to 674
TER from 200 to 360
BTC just broke from 60k to 80k; in front of US stocks, it’s really lagging behind.

Current positioning: about 50%, with BTC and BNB making up the bulk, and other coins like ETH, PENGU, ONDO, PLUME, ZBT, DASH, ZK, LINK just for fun.

What small altcoins are worth picking up?

#ALPHA not playing anymore, PRE-TGE has only over 30U, tonight I was still squeezed for 63U, feeling disheartened 😩, these two months have been working for Binance and the project team at a loss

#Plasma Tether/Bitfinex: The largest stakeholder. The purpose of the USDT issuer supporting Plasma is to:
Challenge Tron (which currently accounts for ~28% of USDT transfer volume) with zero-fee transfers.
Establish a native USDT chain to reduce dependence on other chains.

@Plasma It is still a bit difficult to shake the TRON chain, after all, the Tron chain has its unique advantages:
If you ask any "old veteran" in the crypto circle why they prefer to use Tron instead of Ethereum for transfers, they will tell you: cheap, fast. But if you ask an operator from an underground money house in Chaoshan, they will give you a deeper answer: Ethereum is too expensive, Bitcoin is too slow, Base and BNB are too centralized, and Solana is too easy to track....
For a "fleet" that has to handle thousands of small transfers every day, the low Gas fees of TRC-20 and breaking the tracking chain are key. More importantly, Asian exchanges (like Huobi, Binance, OKX) all support the liquidity of TRC-20. This makes USDT the actual settlement currency for underground money houses. $XPL

Understand the current investment risks of #plasma in 30 seconds! Gain strong resource support from top institutions like Tether and Binance, with clear strategic intentions. However, market performance is bleak, with the price of $XPL and TVL plummeting, highlighting core contradictions:

1 Token model defects: Zero-fee policy makes $XPL lack value capture, and it faces high inflation and significant selling pressure from the massive unlock in 2026.

The competitive barrier is extremely high: It is difficult to shake the network effects and user habits established by Tron and Ethereum.

Key to investment decisions: Institutional support provides narrative and short-term heat, but cannot compensate for fundamental flaws. It is necessary to be highly vigilant about whether its ecological data can achieve a reversal under resource irrigation, avoiding falling into the trap of "narrative stronger than reality." @Plasma