CZ's Life - From Countryside Boy to Becoming a God in the Global Crypto Industry
How did he go from the countryside to immigration? From programmer to entrepreneur From the world's richest list to prison Writing his life experiences into a book (Binance Life) is not just a record of life, but also turns the detours he has taken and the insights he has gained into wealth that future generations can draw upon. This is a must-read book for everyone in the crypto industry (Freedom of Money) https://amazon.com/-/zh/dp/B0GVZK8QPG/ref=tmm_hrd_swatch_0 Many entrepreneurial stories like to talk about talent and opportunity But CZ's story is more like another narrative: In the crypto industry, no one has experienced such an extreme life curve as Zhao Changpeng @cz_binance:
This year’s plan is to DCA and “buy the dip” in 4 coins: XRP, AAVE, UNI, ENA
On August 28, the US spot XRP ETF saw net inflows of $26.2 million, marking the 9th consecutive trading day with positive capital flows.
From August 24 to 28, total inflows for the week amounted to $110.49 million—this is the strongest week for the XRP spot ETF since 2026.
At the same time, however, XRP has continued to fall from around $1.66 and is now down to roughly $1.35.
ETF buying is ongoing, but the price isn’t rising in tandem, which suggests the ETF capital is getting absorbed while profit-taking sellers are also offloading.
It’s even possible that the ETF is creating new demand that’s providing exit liquidity for earlier profit-takers.
Another piece of news comes from Evernorth: the SEC has declared the effectiveness of its S-4 registration statement related to the merger with Armada Acquisition Corp. II.
Next, Armada shareholders will vote on September 30. If the deal is approved, successfully completed, and meets Nasdaq listing requirements, the merged company is expected to list on Nasdaq under the stock symbol:
XRPN.
Evernorth is expected to hold at least:
473,276,430 XRP at the time of listing.
At $1.35, that’s worth approximately $639 million.
This portion of XRP is about:
🔹0.473% of XRP’s total supply
🔹approximately 0.75% of the current circulating supply
The significance of Evernorth is that it adds a stock-market gateway to the XRP ecosystem. It’s a bit like holding BTC via Strategy, or holding ETH via BitMine.
US stock investors don’t need to hold tokens directly; they can indirectly gain XRP exposure through a publicly listed company.
Evernorth is not planning to simply hoard coins.
It plans to increase the amount of XRP represented per share through institutional lending/borrowing, liquidity provision, on-chain yield strategies, and capital-market operations.
This brings potential returns, but it also increases corporate governance complexity, strategy execution risk, valuation premium factors, and counterparty risk.
U.S. Military Attacks Iran’s Southern Islands; Iran Vows Retaliation
Iranian Media Say Iran Fired Missiles at a U.S. Warship
According to Iranian media: Iran’s Islamic Revolutionary Guard Corps said that in response to the U.S. attack on the Larak Island, it launched ballistic missiles at two U.S. bases located in Jordan.
The Ninth Circuit Court of Appeals was very direct: obtaining a CFTC license does not mean you have a pass that lets you bypass B/C regulations in every state across the United States.
Kalshi argued that it is not a traditional B/C company, but a contract trading platform regulated by the CFTC. What users trade is not “wagers,” but “sports event contracts.”
The court concluded that if a product trades outcomes like game results, point spreads, totals, player statistics, or even parlays, whether it is called an “event contract” or a “prediction market,” it is fundamentally very similar to sports B/C.
You can’t change “betting” into buying Yes and buying No, and then suddenly claim it is a financial derivative.
Therefore, the court held that Kalshi’s sports contracts do not qualify as “swap agreements” that would trigger the CFTC’s exclusive jurisdiction, and Nevada can still regulate them under its local B/C laws. The court also noted that the CFTC’s existing rules themselves also prohibit designated contract markets from listing contracts related to “B/C.”
Previously, the Third Circuit Court of Appeals had sided with Kalshi in a New Jersey case, ruling that sports event contracts could be considered “swaps” under the definition in the Commodity Exchange Act, to be uniformly regulated by the CFTC, and that state governments could no longer interfere using B/C regulations.
Now there is an apparent split between different U.S. circuit courts.
Legally, sports predictions and political or election predictions may not necessarily belong in the same category.
Predict also serves as a strong warning signal.
Sports and games are indeed among the most promising high-frequency use cases for prediction markets, but they are also the area with the highest regulatory risk.
If Predict plans to focus on developing sports markets in the future, beyond liquidity, gameplay, and settlement efficiency, it also needs to consider licensing, KYC, geographic restrictions, and compliance boundaries in advance.
Liangxi is Sun Ge’s disciple; he won’t repay the money he owes Qianmeng Xiaoqi, and he even ate a 190-yuan KFC meal meant for someone else’s little girl.
After Nvidia's earnings report, where will the money flow?
Nvidia's earnings beat expectations.
$NVDA FY2027 Q2:
Revenue was $96.22 billion, up 106% year over year.
Data center revenue was $89 billion, up 117% year over year.
Adjusted EPS was $2.22, up 120% year over year.
Adjusted gross margin was 75%
Q3 revenue guidance: $108 billion
This $108 billion guidance does not include data center computing revenue data for the China market.
From a fundamentals perspective, global AI capital expenditures have not cooled off, and compute demand remains very strong.
Another earnings report worth watching tonight is $CRWD.
Revenue was $1.47 billion, up 26% year over year.
ARR reached $5.84 billion, up 25% year over year.
Today, when looking at Predict’s esports section, the one I personally play the most is League of Legends.
From a betting perspective, here’s how to filter
1. Prioritize: LCK 2. Secondary: LEC, LCP, LCS 3. Proceed with caution: CBLOL, LCK Challengers League 4. Try to avoid as much as possible: Circuito Desafiante, EBL, the Arab League, Hitpoint Masters
In the next few events, lineup changes are more likely, young players’ form can fluctuate, and betting market liquidity may be insufficient.
🎮 Two LCK qualifying matches to choose from
Both matches are BO5 (best of five, first to three wins).
1️⃣ KT Rolster vs HANJIN BRION
📊 Outcome: KT win
🧭 Handicap: BRO (+2.5) ⭐
🎯 Score: 3:1 | 3:2 | 2:3
📈 Total games: Over 3.5 games / Under 4.5 games
✅ First choice: BRO (+2.5) 71¢
2️⃣ Nongshim RedForce vs BNK FEARX
📊 Outcome: Nongshim RedForce win ⭐
🧭 Handicap: For now, don’t chase NS (-1.5)
🎯 Score: 3:1 | 3:2 | 2:3
📈 Total games: Over 3.5 games
✅ First choice: Nongshim 58¢
Come try your hand at the esports section recently.
The gambler will never admit defeat, and the big bearish “air force” that went all-in on 14 losing trades is back at it again.
In the past 5 days, he has continuously opened 14 BTC and ETH short positions.
14 straight losses.
As you can see in the screenshot, the single biggest loss exceeds 1.03 million USD, and several of his BTC short trades lost 710,000, 710,000, 430,000, and 370,000 USD respectively.
Total losses are roughly 4.56 million USD.
Now he’s opened his 15th trade: 40x leverage, shorting 300 BTC, with a position value of about 23.13 million USD.
Lately I’ve been manually placing Predict orders, mainly focusing on three types of markets:
1. Meme / Market cap type
Markets like $CASHCAT, $ANSEM, $CZ—FDV-style markets.
2. Index / Secondary market
Things like the Hang Seng index, SSE, CXMT, etc.
Short-cycle markets. You don’t have to constantly guess the grand macro narrative half a year from now; whether it’s up or down today is more about trading.
3. Path-based markets
Will BTC hit $70,000 first, or $80,000 first? Will ETH touch $1,000 first, or $3,000?
Bet on which one happens first.
The total cost of this round of manual limit orders is roughly 0.06, which is already pretty comparable to doing over-the-counter (OTC).
I lean toward high PP markets—fewer participants, and you don’t feel as exhausted.
But the downside is also very clear: high volatility and high losses.
To each their own—agree to disagree. Keep charging hard
The big coin drives the clones to launch too—bulls, come back fast.
Stock trading doesn’t feel appealing anymore in an instant; it’s time for the crypto market to suck the blood.
They pushed up continuously for a week—those with lower gains only rose by a dozen or so percentage points, while the higher performers more than doubled.
The coin I chased and bought at the top just went up more than ten points within half an hour.
On the morning of August 20, 2026, the Intermediate People's Court of Shenzhen, Guangdong Province announced in a public trial the first-instance verdict against the defendant entity Evergrande Group and the defendant entity Evergrande Properties.
For the case of Xu Jiayin, life imprisonment was handed down, along with a fine of 8.82 billion yuan.
Bought into Hynix at the bottom last night, sold it off today—safe in the bag.
The bull market in the crypto world is here; attention needs to shift to the crypto world! $SKHY
蜡币小鑫
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I went long at about double after it. Will Samsung open in Korea tomorrow and we get a nice chunk?
Samsung Electronics repurchased 40 trillion won, about $29.0 billion or 208 billion yuan, which is equivalent to taking out about 3.6% of its market value for a buyback and canceling #海力士 $SKHY
I went long at about double after it. Will Samsung open in Korea tomorrow and we get a nice chunk?
Samsung Electronics repurchased 40 trillion won, about $29.0 billion or 208 billion yuan, which is equivalent to taking out about 3.6% of its market value for a buyback and canceling #海力士 $SKHY