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Leo乘风

Memes | Alpha hunter | News | Analysis | 2016接触BTC,2025见证成为战略储备| 用链上数据📊指导交易,狙击下一个Alpha…
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Leo乘风
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The 2025 Coin Security Global 100 selection has come to an end, thank you all for your support
This is a letter of thanks from Leo Chengfeng~
First of all, thank you

for providing such a great platform
and support, allowing creators to have more stages to showcase their talents. This year's global top 100 creators are visibly more competitive than last year, as there are more outstanding friends among the user base.


During last year's global top 100 creators selection event, I also met many outstanding friends. Many of the currently active big accounts and excellent partners were met at that time!

Next, we will list the friends who made the list this year



Industry leader




This year, from the first day of voting. Due to not making an effort on the first day, I didn't make the leaderboard, so I urgently went live myself, to communicate in more live rooms @独领风骚必暴富 @投研看剑 For example, going to Brother Sao's live room for the first time, and going to Brother Jian's live room, it was especially warm~ @财经悟空pro very nice~
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In the intelligent era, an individual is a company, and the core is to establish one's own system.(Selected articles are collected as follows) Since I first encountered BTC in 2016, I was very shocked after reading the white paper and the code. Such simplicity, such clarity in a system that can change labor relations! I witnessed it becoming a strategic reserve in 2025, and all of this has truly happened! Web3 is a very complex ecosystem, integrating finance, the internet, trading, edge industries, and even a bit of entertainment. It's a space that amplifies human nature. To achieve results, one must first ensure not to fall before dawn, overcome human weaknesses, have their own trading system, and be able to iterate quickly. Mastering multiple sources of information and on-chain data is very important. I would like to share some content to inspire everyone.

In the intelligent era, an individual is a company, and the core is to establish one's own system.

(Selected articles are collected as follows)
Since I first encountered BTC in 2016, I was very shocked after reading the white paper and the code. Such simplicity, such clarity in a system that can change labor relations! I witnessed it becoming a strategic reserve in 2025, and all of this has truly happened! Web3 is a very complex ecosystem, integrating finance, the internet, trading, edge industries, and even a bit of entertainment. It's a space that amplifies human nature. To achieve results, one must first ensure not to fall before dawn, overcome human weaknesses, have their own trading system, and be able to iterate quickly. Mastering multiple sources of information and on-chain data is very important. I would like to share some content to inspire everyone.
CZ
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Horse riding in Kyrgyzstan, Happy Year of the Horse!
币安Binance华语
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🤔What?! Are we going to besiege the Bright Summit again?

Are all the heroes and legends ready to re-enter the martial arts world❓

With the theme of 'Six Major Sects besieging the Bright Summit', countering FUD and downward trends, etc., use AI to create encrypted martial arts videos, storyline comics, scripts, etc.

✅Bring #币安AI短剧比赛 and the work's RT, and fill out the form to participate
👉 立即参与

🏆The first place will receive 10 BNB, the second place 9 BNB, and so on until the 10th place receives 1 BNB!
In the year 1026 AD, the martial world is in turmoil, and various major factions covet the position of the leader of the martial arts alliance! @BinanceSquareCN @CZ @heyi witnessed the legend with six major factions and sects? Act Three: Breaking Through the Desperate Situation The six faction leaders emerge together! Master Kuroi's Prajna seal comes from afar, and where the palm wind passes, the rain flows backwards; the Tang Sect's rain pear needles seal the retreat; the Tianshan Sect's ice silkworm threads silently entangle the feet... The black-clad swordsman suddenly laughs heartily, thrusting a sword into the crack of the stone platform — the ancient battlefield underground hums and trembles, emerging from the ground! The white-clad swordsman offers blood to the sword, and the sword light surges violently like a white rainbow piercing the sun.
In the year 1026 AD, the martial world is in turmoil, and various major factions covet the position of the leader of the martial arts alliance! @币安广场 @CZ @Yi He witnessed the legend with six major factions and sects?
Act Three: Breaking Through the Desperate Situation
The six faction leaders emerge together! Master Kuroi's Prajna seal comes from afar, and where the palm wind passes, the rain flows backwards; the Tang Sect's rain pear needles seal the retreat; the Tianshan Sect's ice silkworm threads silently entangle the feet... The black-clad swordsman suddenly laughs heartily, thrusting a sword into the crack of the stone platform — the ancient battlefield underground hums and trembles, emerging from the ground! The white-clad swordsman offers blood to the sword, and the sword light surges violently like a white rainbow piercing the sun.
Kawasaki and Trump share a mutual appreciation across distances! What is the impact on finance and cryptocurrency? Kawasaki's overwhelming vote leads to victory, which is a rare success for the Liberal Democratic Party in Japan since World War II! In terms of international order, this will intensify the risk of conflict in the Asia-Pacific region! Militarism has never disappeared; it has merely been hidden, and now it is resurfacing... The second point for the financial market is that the yen carry trade policy will continue, as Kawasaki inherits Abe's economic policy of fiscal expansion, which is favorable for cryptocurrency compliance, with overall risks being controllable... Educated in the West and fully embracing Western ideas, Kawasaki and Trump have deepened their strategic alliance, sharing the burden of pressure on the beautiful country in the Asia-Pacific region. In terms of geopolitics and finance, of course, Trump will still take the lead. In summary, Kawasaki's election strengthens Japan's conservative shift, which is a strategic balance for the world order (enhancing ally deterrence), but it introduces uncertainty to the financial market (stimulus vs. debt risk), while cryptocurrency remains more of an observer. Her agenda's implementation will depend on coordination with the BOJ and international reactions; if successful, Japan may become a stronger global player; otherwise, it could be very dangerous #易理华割肉清仓 #黄金白银反弹 #比特币挖矿难度下降 $BTC $BNB
Kawasaki and Trump share a mutual appreciation across distances!

What is the impact on finance and cryptocurrency?

Kawasaki's overwhelming vote leads to victory, which is a rare success for the Liberal Democratic Party in Japan since World War II! In terms of international order, this will intensify the risk of conflict in the Asia-Pacific region! Militarism has never disappeared; it has merely been hidden, and now it is resurfacing... The second point for the financial market is that the yen carry trade policy will continue, as Kawasaki inherits Abe's economic policy of fiscal expansion, which is favorable for cryptocurrency compliance, with overall risks being controllable...

Educated in the West and fully embracing Western ideas, Kawasaki and Trump have deepened their strategic alliance, sharing the burden of pressure on the beautiful country in the Asia-Pacific region. In terms of geopolitics and finance, of course, Trump will still take the lead.

In summary, Kawasaki's election strengthens Japan's conservative shift, which is a strategic balance for the world order (enhancing ally deterrence), but it introduces uncertainty to the financial market (stimulus vs. debt risk), while cryptocurrency remains more of an observer. Her agenda's implementation will depend on coordination with the BOJ and international reactions; if successful, Japan may become a stronger global player; otherwise, it could be very dangerous #易理华割肉清仓 #黄金白银反弹 #比特币挖矿难度下降 $BTC $BNB
Can I buy in now? $BTC If you are optimistic about Bitcoin in the long term (3-5 years), believe that institutional adoption and the narrative of 'digital gold' will continue, and can accept that there might be short-term fluctuations or even another dip after buying now → this is relatively a good window for dollar-cost averaging/adding positions, especially compared to when it was above 120k last year. If you are a short-term speculator, or if you have only recently entered the market and cannot tolerate your account fluctuating by more than -20% → it is recommended to wait a bit longer, at least until there is a clearer bottom structure on the daily/weekly chart (for example, consistently stabilizing above the 200-week moving average with increased trading volume to confirm). Bitcoin has never been a 'safe' asset; it excels at creating extreme fear and extreme greed. We are currently in the latter part of the fear stage, but we have not yet reached the level of 'complete despair, where no one dares to mention it.' Your own risk tolerance and the idle time of your funds are decisive factors! Some whales are gradually accumulating, having bought 250 million in Bitcoin and 63 million in $ETH #Bitcoin谷歌搜索量暴升 #何时抄底? .
Can I buy in now? $BTC

If you are optimistic about Bitcoin in the long term (3-5 years), believe that institutional adoption and the narrative of 'digital gold' will continue, and can accept that there might be short-term fluctuations or even another dip after buying now → this is relatively a good window for dollar-cost averaging/adding positions, especially compared to when it was above 120k last year.

If you are a short-term speculator, or if you have only recently entered the market and cannot tolerate your account fluctuating by more than -20% → it is recommended to wait a bit longer, at least until there is a clearer bottom structure on the daily/weekly chart (for example, consistently stabilizing above the 200-week moving average with increased trading volume to confirm).

Bitcoin has never been a 'safe' asset; it excels at creating extreme fear and extreme greed. We are currently in the latter part of the fear stage, but we have not yet reached the level of 'complete despair, where no one dares to mention it.' Your own risk tolerance and the idle time of your funds are decisive factors!

Some whales are gradually accumulating, having bought 250 million in Bitcoin and 63 million in $ETH #Bitcoin谷歌搜索量暴升 #何时抄底? .
Famous top VC Multicon co-founder Kyle announces exit from Web3? He said: "Cryptocurrency is not as interesting as many crypto enthusiasts expect. I once believed in the vision of Web3 and trusted dApps. Now I don't believe anymore. The blockchain is mainly an asset ledger, and while it can reshape finance, its potential in other areas is limited." The last time a top VC or institution exited was during the bear market of 2022; this time the loss is billions, and even the seasoned investors after 8 years feel fed up #小非农数据不及预期 #摩根大通看好BTC $BTC
Famous top VC Multicon co-founder Kyle announces exit from Web3?

He said: "Cryptocurrency is not as interesting as many crypto enthusiasts expect. I once believed in the vision of Web3 and trusted dApps. Now I don't believe anymore. The blockchain is mainly an asset ledger, and while it can reshape finance, its potential in other areas is limited."

The last time a top VC or institution exited was during the bear market of 2022; this time the loss is billions, and even the seasoned investors after 8 years feel fed up #小非农数据不及预期 #摩根大通看好BTC $BTC
According to historical data and market analysis, the Bitcoin (BTC) price often experiences fluctuations around the Chinese Lunar New Year (Spring Festival), commonly referred to by the community as the "Chinese New Year Dump." This may be related to factors such as Asian investors (especially from China) cashing out before the holidays, reduced liquidity, and miner sell-offs. Historical patterns show that prices often decline in the 1-4 weeks leading up to the New Year, but this is not absolute (as seen in the reversal in 2023). I define "before the New Year" as the 30 days prior to the New Year date (approximately 1 month), calculating the percentage change in price (from the beginning to the end), highest/lowest prices, and simple volatility ((highest-lowest)/initial price*100%) In bear market years (such as 2018 and 2022), the fluctuations before the New Year are amplified, and the declines are steeper. Exception: The reversal in 2023, possibly due to ETF expectations and institutional entry. Volatility: average 15-40%, high volatility years (like 2018) over 100%, reflecting holiday liquidity risk. During the 2026 Spring Festival, the price has currently dropped by 25%. If there are macro improvements (such as interest rate cuts), it may rebound; otherwise, the decline may continue. It is recommended to pay attention to the support level of $68000 #小非农数据不及预期 #以太坊L2如何发展? #易理华旗下TrendResearch减仓 #BTC市场影响分析 $BTC $ETH .
According to historical data and market analysis, the Bitcoin (BTC) price often experiences fluctuations around the Chinese Lunar New Year (Spring Festival), commonly referred to by the community as the "Chinese New Year Dump." This may be related to factors such as Asian investors (especially from China) cashing out before the holidays, reduced liquidity, and miner sell-offs. Historical patterns show that prices often decline in the 1-4 weeks leading up to the New Year, but this is not absolute (as seen in the reversal in 2023). I define "before the New Year" as the 30 days prior to the New Year date (approximately 1 month), calculating the percentage change in price (from the beginning to the end), highest/lowest prices, and simple volatility ((highest-lowest)/initial price*100%)

In bear market years (such as 2018 and 2022), the fluctuations before the New Year are amplified, and the declines are steeper.
Exception: The reversal in 2023, possibly due to ETF expectations and institutional entry.
Volatility: average 15-40%, high volatility years (like 2018) over 100%, reflecting holiday liquidity risk.

During the 2026 Spring Festival, the price has currently dropped by 25%. If there are macro improvements (such as interest rate cuts), it may rebound; otherwise, the decline may continue. It is recommended to pay attention to the support level of $68000 #小非农数据不及预期 #以太坊L2如何发展? #易理华旗下TrendResearch减仓 #BTC市场影响分析 $BTC $ETH .
How the Epstein case was discovered, and his 'dirty money' once supported Bitcoin core development... Fortunately, Bitcoin has emerged from the shadows!Mt. Gox collapsed! In April 2015, as the Bitcoin community was worrying about the future, the MIT Media Lab announced the launch of the 'Digital Currency Initiative'. They quickly acted, bringing in the three core figures Gavin Andresen, Cory Fields, and Vladimir van der Laan. This interdisciplinary lab, established in 1985, is known for its forward-looking research and close collaboration with business and wealthy individuals, and became the 'white knight' for Bitcoin developers. But the money of this white-clad knight is not clean. The director of the MIT Media Lab at the time was Joi Ito, a renowned Japanese-American investor who had made waves in Silicon Valley and had early investments in Twitter and Flickr.

How the Epstein case was discovered, and his 'dirty money' once supported Bitcoin core development... Fortunately, Bitcoin has emerged from the shadows!

Mt. Gox collapsed!
In April 2015, as the Bitcoin community was worrying about the future, the MIT Media Lab announced the launch of the 'Digital Currency Initiative'. They quickly acted, bringing in the three core figures Gavin Andresen, Cory Fields, and Vladimir van der Laan.
This interdisciplinary lab, established in 1985, is known for its forward-looking research and close collaboration with business and wealthy individuals, and became the 'white knight' for Bitcoin developers.
But the money of this white-clad knight is not clean.
The director of the MIT Media Lab at the time was Joi Ito, a renowned Japanese-American investor who had made waves in Silicon Valley and had early investments in Twitter and Flickr.
AI 'garbage' is changing the crypto worldHave you ever scrolled through Crypto Twitter (now called X) and suddenly felt like the entire feed was just copy-pasted? The previous crypto circle was chaotic, but at least there was some humanity: some people FOMO'd into tweeting frantically until dawn, some rug pulled and vanished, and some were driven out of the scene after being criticized for a long thread. And now? Everywhere you look, there are perfectly symmetrical avatars, analyses that are always neutral and positive, images that are always those AI-generated cyberpunk werewolves holding Bitcoin, and they always end with 'DYOR but this is huge'. The thread length is always about the same, opinions are always 'bullish on X layer but with risks', and the reply section is filled with bots liking and following each other, with the occasional 'wen moon' popping up, making it seem particularly real. These things have a name: AI slop.

AI 'garbage' is changing the crypto world

Have you ever scrolled through Crypto Twitter (now called X) and suddenly felt like the entire feed was just copy-pasted?
The previous crypto circle was chaotic, but at least there was some humanity: some people FOMO'd into tweeting frantically until dawn, some rug pulled and vanished, and some were driven out of the scene after being criticized for a long thread. And now?
Everywhere you look, there are perfectly symmetrical avatars, analyses that are always neutral and positive, images that are always those AI-generated cyberpunk werewolves holding Bitcoin, and they always end with 'DYOR but this is huge'.
The thread length is always about the same, opinions are always 'bullish on X layer but with risks', and the reply section is filled with bots liking and following each other, with the occasional 'wen moon' popping up, making it seem particularly real. These things have a name: AI slop.
$BTC The US stock market hasn't opened yet, the market has over-interpreted it in advance!#BTC何时反弹? $BNB
$BTC The US stock market hasn't opened yet, the market has over-interpreted it in advance!#BTC何时反弹? $BNB
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Bearish
The prediction market can sometimes feel like mysticism. Just a couple of days ago, it was predicted that the price would drop below $85,000 by the end of the month! 💸 Today, it dropped! The amount of liquidations 💰 exceeded $800 million! Under the dual pressure of market volatility and macroeconomic stress, Bitcoin has experienced a significant price correction, but institutional investors' interest remains unabated, reflecting a mixed outlook for the market. 1. Price Drop: Bitcoin has faced a substantial decline, leading to a large number of forced liquidations, and the technical indicators have turned bearish. 2. Macroeconomic Headwinds: The Federal Reserve has maintained stable interest rates, coupled with heightened geopolitical tensions, which has pressured market liquidity, causing investors to adopt a generally cautious stance. If someone had told you a year ago that by 2026 we would foresee: - A continuing decline in the US dollar exchange rate - Lower interest rates - A new Federal Reserve chair - Global liquidity rapidly increasing - Further currency depreciation - The highest number of US stocks and ATH in history - The highest prices for precious metals ATH in history The market speculates that $BTC will reach at least $150,000. Either the market pricing is incorrect, or there is a serious issue! Haha 😄 So where is the problem? #美国伊朗对峙 #美联储维持利率不变 #金价再冲高位 $BTC $ETH
The prediction market can sometimes feel like mysticism. Just a couple of days ago, it was predicted that the price would drop below $85,000 by the end of the month! 💸

Today, it dropped! The amount of liquidations 💰 exceeded $800 million!

Under the dual pressure of market volatility and macroeconomic stress, Bitcoin has experienced a significant price correction, but institutional investors' interest remains unabated, reflecting a mixed outlook for the market.

1. Price Drop: Bitcoin has faced a substantial decline, leading to a large number of forced liquidations, and the technical indicators have turned bearish.

2. Macroeconomic Headwinds: The Federal Reserve has maintained stable interest rates, coupled with heightened geopolitical tensions, which has pressured market liquidity, causing investors to adopt a generally cautious stance.

If someone had told you a year ago that by 2026 we would foresee:

- A continuing decline in the US dollar exchange rate
- Lower interest rates
- A new Federal Reserve chair
- Global liquidity rapidly increasing
- Further currency depreciation
- The highest number of US stocks and ATH in history
- The highest prices for precious metals ATH in history

The market speculates that $BTC will reach at least $150,000.

Either the market pricing is incorrect, or there is a serious issue!

Haha 😄 So where is the problem? #美国伊朗对峙 #美联储维持利率不变 #金价再冲高位 $BTC $ETH
🇺🇸 Vanguard ETFs recently purchased $680 million worth of $MSTR. When an asset management company with a size of $12 trillion starts to build risk exposure... This rarely concerns short-term trading. The most conservative funds do not chase speculative winds. #美联储维持利率不变 #金价再冲高位 $BTC
🇺🇸 Vanguard ETFs recently purchased $680 million worth of $MSTR.

When an asset management company with a size of $12 trillion starts to build risk exposure...

This rarely concerns short-term trading.

The most conservative funds do not chase speculative winds.
#美联储维持利率不变 #金价再冲高位 $BTC
The brother from Pakistan, Twin, shared his story of having his account hacked. On January 15th, he happened to be live streaming. During the stream, his account possibly logged out, prompting him to log in again, and a QR code popped up. After scanning the QR code, he discovered his account had been hacked, ultimately finding out that his Gmail had been hijacked and controlled! Fortunately, he contacted the BDM and security team in time, and customer service provided very professional and quick feedback, allowing him to recover his account! Unfortunately, he lost money 💰 1️⃣, remind everyone to definitely not scan unknown QR codes! 2️⃣, do not download some baseless software! Especially during live streams or transactions, it is easy to get distracted! By 2025, global financial losses due to cryptocurrency scams and fraudulent activities are expected to reach $17 billion, with a significant year-on-year increase of nearly 40%. Cryptocurrency scams are gradually showing trends of industrialization and intelligence. Among them, Southeast Asia is increasingly becoming a core region for global scam fund circulation and money laundering activities. Blockchain analysis company Chainalysis recently released a report on cryptocurrency crime showing this data. The report points out that as scam groups increasingly adopt artificial intelligence (AI), deepfake technology, and phishing-as-a-service (which refers to assisting less technically skilled criminals in committing fraud through pre-set tools and templates), the scale of scam activities has rapidly expanded. Scam groups operate like businesses; AI scams yield amounts 4.5 times higher than traditional scams. The report mentions that many cryptocurrency scam networks are related to human trafficking and forced labor camps in Southeast Asia, such as the pig farms spread across Cambodia and Myanmar. Victims are forced to execute investment scams, romance traps, and cryptocurrency fraud within these scam farms, with the stolen money then flowing globally through layered wallets, decentralized exchanges, and stablecoins. #美联储利率决议 #瑞典上线VIRBNB #代币化白银热潮 $BTC $ETH $BNB
The brother from Pakistan, Twin, shared his story of having his account hacked.

On January 15th, he happened to be live streaming. During the stream, his account possibly logged out, prompting him to log in again, and a QR code popped up. After scanning the QR code, he discovered his account had been hacked, ultimately finding out that his Gmail had been hijacked and controlled! Fortunately, he contacted the BDM and security team in time, and customer service provided very professional and quick feedback, allowing him to recover his account!

Unfortunately, he lost money 💰

1️⃣, remind everyone to definitely not scan unknown QR codes!

2️⃣, do not download some baseless software!

Especially during live streams or transactions, it is easy to get distracted!

By 2025, global financial losses due to cryptocurrency scams and fraudulent activities are expected to reach $17 billion, with a significant year-on-year increase of nearly 40%. Cryptocurrency scams are gradually showing trends of industrialization and intelligence. Among them, Southeast Asia is increasingly becoming a core region for global scam fund circulation and money laundering activities.

Blockchain analysis company Chainalysis recently released a report on cryptocurrency crime showing this data. The report points out that as scam groups increasingly adopt artificial intelligence (AI), deepfake technology, and phishing-as-a-service (which refers to assisting less technically skilled criminals in committing fraud through pre-set tools and templates), the scale of scam activities has rapidly expanded.

Scam groups operate like businesses; AI scams yield amounts 4.5 times higher than traditional scams.
The report mentions that many cryptocurrency scam networks are related to human trafficking and forced labor camps in Southeast Asia, such as the pig farms spread across Cambodia and Myanmar. Victims are forced to execute investment scams, romance traps, and cryptocurrency fraud within these scam farms, with the stolen money then flowing globally through layered wallets, decentralized exchanges, and stablecoins. #美联储利率决议 #瑞典上线VIRBNB #代币化白银热潮 $BTC $ETH $BNB
Twin Tulips
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My Binance Account Hack – Community Awareness 🚨
Date of Incident: 09 January 2026
I am sharing this incident in detail to raise awareness within the crypto community. What happened to me can happen to anyone, especially during live sessions and multitasking.
📍 Location & Situation
At the time of the incident, I was present at Twin Tulips and hosting a live session on Binance Square. Alongside the live session, I was also involved in an important meeting on my mobile phone, which divided my attention.
🔐 Events Leading Up to the Hack
Two days before the incident:
• My Gmail account was compromised
• Using access to my email, the attacker attempted and later succeeded in accessing my Binance account
• I immediately:
• Informed my Binance BDM
• Contacted Binance Customer Support
• My Binance account already had 2FA enabled
🎥 Live Session & Co-Host Involvement
During the Binance Square live session:
• I noticed unusual behavior on my account
• I informed my co-host and clearly told them:
“Please manage the live session, I need to focus on an urgent meeting on my mobile.”
• While my co-host was handling the live session, I became fully engaged in the meeting on my phone
🚨 Account Logout & Suspicious Activity
While I was distracted with the meeting:
• My Binance account logged out automatically
• I was not actively monitoring the account due to the meeting and live session running simultaneously
When I returned:
• I attempted to log in again
• A QR code appeared on the screen with a message indicating that I had been logged out and needed to scan the QR code to re-login
📱 QR Code Exploit
As soon as I:
• Scanned the QR code
• My screen began to freeze and lag
• The account logged out again
• Immediately after, the account logged back in automatically
At that moment:
• The attacker withdrew $831 from my Spot Wallet
💸 Financial Impact
• Total loss: $831
• Fortunately:
• No additional funds were available in the Spot Wallet
• Funds in the Earnings section remained untouched
• Either the attacker could not access those funds or failed to withdraw them

📞 Reporting & Follow-Up
After identifying the unauthorized withdrawal:
• I contacted Binance Customer Support immediately

• Submitted a complete report, including:
• Timeline of events
• Screenshots
• Live session context
• The case was forwarded for internal investigation
⚠️ Key Security Lessons
This incident highlights several critical lessons for all crypto users:
✅ Never underestimate email security
✅ Avoid scanning any QR code during high-pressure situations like live sessions
✅ Multitasking during live crypto events can increase risk
✅ Always assign a trusted co-host and stay alert during live sessions
✅ Immediately inform CS and BDM if any suspicious activity occurs
📢 Final Note to the Community
I am sharing this experience purely for community awareness. In crypto, even a few minutes of distraction can lead to irreversible loss.
Please stay alert, secure your email first, and never ignore unusual behavior on your account.
Will Kaohsiung create an Asian version of the 'Truss Shock'? In 2022, former UK Prime Minister Liz Truss proposed a large-scale tax cut plan without fiscal support. This led to a sell-off of UK government bonds, a plunge in the pound, and a pension liquidity crisis, known as the 'Truss Shock'. Due to the similar easing proposals presented by Kaohsiung this time, there are concerns in Japan about whether it will repeat the UK's predicament from that year. UBS believes that these two scenarios still have differences in fundamentals and market reactions. Japan has a large overseas asset base, which includes a net international investment position (NIIP) that accounts for 92% of its GDP and a current account surplus that makes up 4.8% of its GDP. Additionally, Japan's interest rate-sensitive sectors such as real estate and construction have shown strong performance recently, indicating that the market does not have systemic doubts about Japan's sovereign credit. #币安将上线特斯拉股票永续合约 #美联储利率决议 $BNB
Will Kaohsiung create an Asian version of the 'Truss Shock'?

In 2022, former UK Prime Minister Liz Truss proposed a large-scale tax cut plan without fiscal support.

This led to a sell-off of UK government bonds, a plunge in the pound, and a pension liquidity crisis, known as the 'Truss Shock'. Due to the similar easing proposals presented by Kaohsiung this time, there are concerns in Japan about whether it will repeat the UK's predicament from that year.

UBS believes that these two scenarios still have differences in fundamentals and market reactions. Japan has a large overseas asset base, which includes a net international investment position (NIIP) that accounts for 92% of its GDP and a current account surplus that makes up 4.8% of its GDP.

Additionally, Japan's interest rate-sensitive sectors such as real estate and construction have shown strong performance recently, indicating that the market does not have systemic doubts about Japan's sovereign credit. #币安将上线特斯拉股票永续合约 #美联储利率决议 $BNB
Why are Japanese bond yields rising? To understand the reasons behind the rising yields, one must first comprehend Japan's unique interest rate environment. The Japanese government has long implemented a 'zero interest rate' policy and large-scale quantitative easing, which has kept Japan's government bond yields at extremely low, even negative, levels for an extended period. Over the past few decades, the Bank of Japan has aggressively purchased government bonds and maintained the zero interest rate policy to combat prolonged deflation and economic stagnation. This policy has allowed the Japanese bond market to sustain extremely low yields for a long time, encouraging significant outflows of Japanese capital abroad in search of higher returns. In financial markets, bond prices and yields have an inverse relationship. When investors lose confidence in a country's fiscal health or its ability to repay debt, they often choose to sell that country's bonds, leading to a drop in prices. As bond prices fall, yields naturally rise. A series of bold fiscal policies from the current administration has raised concerns among investors about Japan's fiscal outlook, contributing to the surge in Japanese government bond yields. How do the current fiscal policies differ from the past? After announcing a snap election, the current administration proposed the idea of a 'zero tax rate' on local food consumption taxes, making economic issues the focus of the campaign. This is due to recent years, where changes in the global supply chain and rising energy prices have significantly increased Japan's import costs, leading to imported inflation. Despite the fact that Japanese wages have seen growth in recent years, the rising prices have sparked concerns over living expenses. The current administration previously announced a massive supplementary budget and ended the path of fiscal austerity, actions that are a response to the prolonged domestic consumption weakness and the inflationary pressures that have emerged in recent years. #美联储利率决议 #瑞典上线VIRBNB #代币化白银热潮 $BTC $ETH $BNB
Why are Japanese bond yields rising?

To understand the reasons behind the rising yields, one must first comprehend Japan's unique interest rate environment.

The Japanese government has long implemented a 'zero interest rate' policy and large-scale quantitative easing, which has kept Japan's government bond yields at extremely low, even negative, levels for an extended period. Over the past few decades, the Bank of Japan has aggressively purchased government bonds and maintained the zero interest rate policy to combat prolonged deflation and economic stagnation.

This policy has allowed the Japanese bond market to sustain extremely low yields for a long time, encouraging significant outflows of Japanese capital abroad in search of higher returns.

In financial markets, bond prices and yields have an inverse relationship. When investors lose confidence in a country's fiscal health or its ability to repay debt, they often choose to sell that country's bonds, leading to a drop in prices. As bond prices fall, yields naturally rise.

A series of bold fiscal policies from the current administration has raised concerns among investors about Japan's fiscal outlook, contributing to the surge in Japanese government bond yields.

How do the current fiscal policies differ from the past? After announcing a snap election, the current administration proposed the idea of a 'zero tax rate' on local food consumption taxes, making economic issues the focus of the campaign.

This is due to recent years, where changes in the global supply chain and rising energy prices have significantly increased Japan's import costs, leading to imported inflation. Despite the fact that Japanese wages have seen growth in recent years, the rising prices have sparked concerns over living expenses.

The current administration previously announced a massive supplementary budget and ended the path of fiscal austerity, actions that are a response to the prolonged domestic consumption weakness and the inflationary pressures that have emerged in recent years. #美联储利率决议 #瑞典上线VIRBNB #代币化白银热潮 $BTC $ETH $BNB
On January 27th, I came to Shenzhen Futian CBD with 6 friends and had a meal of the beef hot pot that Shenzhen workers love the most. When the bill came, we found it was only a little over 800 yuan. Huang Renxun said to everyone, 'The beef in Shenzhen is very fresh and delicious!' Apart from housing, everything else in Shenzhen is cheap!
On January 27th, I came to Shenzhen Futian CBD with 6 friends and had a meal of the beef hot pot that Shenzhen workers love the most. When the bill came, we found it was only a little over 800 yuan. Huang Renxun said to everyone, 'The beef in Shenzhen is very fresh and delicious!'

Apart from housing, everything else in Shenzhen is cheap!
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