Hyperliquid founder Jeff Yan: Did he do in two years what took Binance ten? Jeff Yan has a soft spot for chameleons. But he isn’t fascinated by the metaphor of “changing color to blend into your surroundings”—he simply loves the animals themselves. His Twitter handle is @chameleon_jeff (note: “chameleon” is the English word for 变色龙). In a recent podcast, he explained this fascination: chameleons can move each eye independently to look in different directions; “two toes point forward and three point backward, which reflects a really interesting evolutionary path,” and they have powerful projectile tongues. “They’re kind of like aliens on Earth,” he said.
It’s an odd way to open, but it helps you understand the man. With a team of just 10 and no venture capital funding, he built one of the world’s largest trading platforms.
Over the past 12 months, Hyperliquid has recorded $1.8 trillion in trading volume. The platform accounts for more than 10% of global perpetual futures trading and over 70% of perpetual contract trading volume on decentralized exchanges (DEXs). More than 200,000 active users trade on the platform every day, generating hundreds of millions of dollars in revenue.
DeepSeek went down. After 8 a.m. Beijing time on October 15, the DeepSeek website and app displayed the message “The server is temporarily unavailable.” According to official DeepSeek updates, the chat service and DeepSeek V4.1 Flash API service were partially disrupted, and website/API performance was degraded. The company was investigating the issue and identifying the cause. At the time of publication, the outage had lasted 50 minutes.
Amid the vast, towering Greater and Lesser Liangshan Mountains, one name has been reverently celebrated by generations of Bimo for a thousand years. He was Asu Laze, the founding master of Yi Bimo culture and the eternal guardian of the Yi written tradition.
At every orthodox Yi sacrificial rite or spirit-sending and blessing ceremony, the opening scripture recitation must first pay homage to Bi Zu Asu Laze. It is no exaggeration to say that nearly all the complete Bimo tradition and orthodox Yi-script classics we see today stem from his work of compilation and foundational scholarship.
Asu Laze is believed to have lived sometime between the late Tang and Southern Song dynasties, and was born in an ancient Yi village on the banks of the Bishui River in Liangshan.
Human warfare has entered a new stage… mathematics + physics + AI + signal processing. Mathematics is the soul; physics couples with mathematics; signals are the carrier; and AI provides judgment and decision-making. Each drone has an intelligent driver… an agent. When agents form an intelligent swarm, that’s where future warfare achieves dimensionality-reduction strikes against terrorism. In future wars, only China, the U.S., and the EU can afford it; wars between other countries are proxy wars.
Read coarse, then read dessert, then read Great Snow; took poison for a year; got into tobacco and alcohol school; went abroad and shed blood; in the end still came back to work on agriculture and repair the earth
The tokenization of bank deposits in the global banking industry is entering a phase of intensive deployment. Earlier this year, several major U.S. banks announced a joint exploration of shared deposit tokens, moving bank deposits directly onto the blockchain. On September 22, six of Canada’s largest banks followed suit, announcing a joint exploration of a Canadian-dollar–based tokenized deposit方案—just 12 days before the statement, Canadian regulators had clarified that, in terms of legal attributes, tokenized deposits are no different from traditional deposits. In Europe, the CBMT network led by Germany’s banking sector has expanded repeatedly this year, with participating institutions extending from Germany to the Netherlands, France, and Norway. The banks’ motivations are similar: they want to harness the payment efficiency brought by distributed ledger technology, while keeping deposits within the regulated banking system to respond to the diversion pressure created by stablecoins. Putting deposits on-chain is not a technical trial by any single bank, but a route that the global banking industry is collectively choosing.
On September 2, 2026, a 17-year-old boy from Galo County in Liangshan, Sichuan—Jike Guosha—got lost for 8 days and 8 nights while collecting pine cones in the Greater Hinggan Mountains. He kept his father’s words in mind: if he followed the stream, he would surely get out. He survived by drinking spring water and, later, he saw a fire lookout tower and managed to leave—then he was rescued. He lost weight, dropping from 145 jin to 125 jin. When he finally came out and met his relatives, he burst into tears at once.
On Thursday, September 24, independent distributor Bleecker Street released a trailer for the documentary “Musk” and, according to industry practice, paid major platforms to run ads. The next day, The Hollywood Reporter revealed that YouTube, TikTok, and Meta (the parent company of Facebook and Instagram) all refused to run the ad, citing “political content” as the reason. Musk’s own platform, X, was even more resolute—not only did it refuse to run the ad, it also refused to engage with the distributor entirely, and it rejected ads for other films as well from Bleecker Street’s subsequent slate.
So what “political” content is actually in the trailer? According to reporters who saw the trailer, there is only one shot of a 2024 campaign rally throughout the entire piece, plus a single reference to the 2024 election in the closing line. For a political-themed documentary, this is almost standard fare—it neither endorses any candidate nor involves any electioneering or voter mobilization. The Hollywood Reporter said outright that the trailer “doesn’t appear to be one of the election ads the rules are trying to stop.”
The Death of Zhuang Xinru: Behind the Glamour of the Crypto Circle, a Workplace Tragedy of Extreme Internal Competition
In August 2026, a tragedy involving a Chinese executive unfolded within the U.S. crypto venture capital circle, exposing the brutal reality of cutthroat internal competition beneath the shiny exterior of the Web3 industry. Zhuang Xinru, the former partner of Hack VC, died under mysterious circumstances after publicly accusing workplace bullying, high-pressure exploitation, and previewing the full evidence she claimed would be revealed. In the end, police ruled her death a suicide. The tragedy sparked widespread online reflection on the pathological work culture within the high-end venture capital industry.
Zhuang Xinru was a seasoned practitioner with nine years of experience in the overseas blockchain space. Her resume looked impressive and her abilities were outstanding. During her career, she deeply participated in industry events for major public chains such as Ethereum, Solana, and Stellar, and managed operations for numerous high-profile industry projects. With her solid professional expertise, she secured a position at the well-known U.S. crypto venture capital firm Hack VC and was promoted to partner and platform lead—making her one of the few core executives among Chinese people in overseas Web3 circles. To outsiders, she had access to high-end networks, was positioned in a booming industry, and enjoyed an enviable career future.
Zhuang Xinru is a well-known Chinese female executive in the U.S. crypto industry and the former partner of Hack VC. In August 2026, she revealed on social media the career troubles she faced at work: extremely long hours—nearly 80 hours a week—until her body collapsed, and she developed a thyroid condition. She accused her partners of using industry blacklisting threats to force her to keep working while she was sick, and that after she resigned, her health insurance also ran into problems. She refused a settlement that included a confidentiality clause and planned to publicly disclose all the evidence. But the very next day after she posted, people found her in a car in the California desert. Afterward, a police autopsy concluded it was suicide. This incident also exposed to the public the brutal reality behind the intense, high-pressure in-fighting in overseas Web3—an aspect that many people had not fully seen.