沉默的劉多余

Wall Street has gained actual control over Bitcoin, and miners no longer have the ability to influence the market. This is something I have been emphasizing over the past year, and it is also the reason why I have asserted that Bitcoin will enter a small peak before the halving. Brother Zhao’s visit to the United States means that the ETF application must be approved, although this sounds like It's like a conspiracy that has been laid out for a long time, but it is a conspiracy. When people were still talking about how they would not take over Bitcoin at a high price, Wall Street already had actual control over Bitcoin. This is the reality. They can influence the market, not only the crypto market, but they can influence the world's rich businessmen and celebrities, and even wars. In previous articles, I have emphasized many times that the market value of Bitcoin is as simple as buying a stuffed toy for them to play with. I also firmly believe that they are not targeting the three walnuts and two dates in our hands and spending several years planning to use their century-old reputation to endorse Bitcoin. They must be targeting wealthy businessmen and celebrities. Is it really impossible to apply for approval five years ago? Obviously it can be applied for approval, but at that time, miners' income could influence the market, and applying for approval before this halving means that miners have lost their ability to influence the market. You may not believe it, but the fact is that Wall Street is about to control a financial world that exists with the Internet, and it is still a year-round engine. As long as they use some tricks to let giants such as Google, Apple, Microsoft, and Buffett buy and store them, technology companies and wealthy people around the world will follow suit. This is the trend. Do you think this is enough? After they promote Bitcoin to the altar, they will also promote the tokenization of real assets. This is a trillion-dollar market. #内容挖坑 #BTC $BTC $BNB $SOL

Wall Street has gained actual control over Bitcoin, and miners no longer have the ability to influence the market.
This is something I have been emphasizing over the past year, and it is also the reason why I have asserted that Bitcoin will enter a small peak before the halving. Brother Zhao’s visit to the United States means that the ETF application must be approved, although this sounds like It's like a conspiracy that has been laid out for a long time, but it is a conspiracy. When people were still talking about how they would not take over Bitcoin at a high price, Wall Street already had actual control over Bitcoin. This is the reality. They can influence the market, not only the crypto market, but they can influence the world's rich businessmen and celebrities, and even wars. In previous articles, I have emphasized many times that the market value of Bitcoin is as simple as buying a stuffed toy for them to play with. I also firmly believe that they are not targeting the three walnuts and two dates in our hands and spending several years planning to use their century-old reputation to endorse Bitcoin. They must be targeting wealthy businessmen and celebrities. Is it really impossible to apply for approval five years ago? Obviously it can be applied for approval, but at that time, miners' income could influence the market, and applying for approval before this halving means that miners have lost their ability to influence the market. You may not believe it, but the fact is that Wall Street is about to control a financial world that exists with the Internet, and it is still a year-round engine. As long as they use some tricks to let giants such as Google, Apple, Microsoft, and Buffett buy and store them, technology companies and wealthy people around the world will follow suit. This is the trend. Do you think this is enough? After they promote Bitcoin to the altar, they will also promote the tokenization of real assets. This is a trillion-dollar market. #内容挖坑 #BTC $BTC $BNB $SOL

I was woken up by a phone call 🤣

$BTC $ETH

爆裂魔法师

I got up at 2 to drink some water and was still fine. Now, as soon as I look at it, it starts acting up.

It seems like an act of revenge

The hacker leaves 1.0 ETH after every attack

10.10, it happened again on the last day of October.

It looks like this has been planned for a long time…

$BTC $ETH

Verified

For the final amount, wait for the official announcement.

Things are a mess on-chain, and the news is a mess too. Don’t transfer coins to Binance.

If you transfer coins to an exchange right now, you’re basically handing money to hackers. Come back once Binance has sorted things out.

This is insane.

From now on, spread your wallets across 20 addresses for isolated management, and don’t keep more than 5% of your funds in any one wallet.

Look after yourselves. This is the sound advice from the AI practitioners in our group.

Exchanges are facing a siege by AI; self-custody is the only option.

This won’t be the last security incident at a crypto exchange…

$BTC $ETH

沉默的劉多余

Based on the asset data compiled so far, this Binance theft incident involves multiple crypto assets, including Ethereum, TRON, gold tokens, USD stablecoins, and other cryptocurrencies, totaling approximately $6 billion.

The specific breakdown is as follows:

Bitcoin: $1.45 billion

ETH (Ethereum): $875 million

TRX (TRON): $234 million

XAUT (gold token): $50 million

USDT (Tether): $1.57 billion

USDC (USD stablecoin): $823 million

WBETH (wrapped staked ETH): $75 million

RLUSD (Ripple stablecoin): $88.5 million

Other crypto assets are still being tallied.

They might be moving the assets themselves. Feels like things are about to collapse, guys. Let’s wait for the official results!

$BTC $ETH

I just checked on-chain, and it looks like nearly $6 billion was stolen, not $3.5 billion.

There are no final figures yet. Let's wait for the official announcement.

$BTC $ETH #btc #eth

I just checked on-chain, and it looks like nearly $6 billion was stolen, not $3.5 billion.

There are no final figures yet. Let's wait for the official announcement.

$BTC $ETH #btc #eth

飞飞f

Can I copy it?

So far, most of what appears to have been stolen is stablecoins, so the impact on the market should be limited.

However, it’s unclear how much Bitcoin and Ethereum were stolen. Stolen stablecoins can be frozen.

The few large amounts we’ve seen so far are all in stablecoins

$BTC $ETH #btc #eth

Am I dreaming?

I suddenly get a call telling me an exchange has been hacked for $3.5 billion?

Withdrawals are continuing at a crazy pace?

I haven’t followed the market for a whole month?

I was still waiting for Blondie to turn the midterms around and for the meeting of the three giants?

An exchange getting hacked for $3.5 billion—I thought I was dreaming?

In disbelief, I lit a cigarette

$BTC $ETH

The market seems to have priced in Trump losing the midterm elections. If he wins the next one, that would be bullish.

Another thing supporting the market is a meeting among the three leaders of China, the U.S., and Russia.

Things have been pretty boring lately. On X, the conversation jumped from Turkey to Mao. Turkey is outrageous, and talking about Mao is outrageous too.

Every country has its own unique history and culture. From a Chinese perspective on World War II, without German super-colonialism, Europe’s global colonial system would not have been accidentally interrupted. So Chinese people don’t particularly hate the little-mustache guy, either.

From a Western cultural perspective, Mao was a tyrant, but in China, his achievements are seen as outweighing his mistakes.

It’s pretty boring, too. In fact, Western history has also been covering up the hundreds of millions of deaths caused by its global colonialism over several centuries.

Looking at history from today’s perspective, it all seems outrageous.

But to understand the present, we have to understand that today’s rules are an order built up through one outrageous historical event after another.

$BTC $ETH #btc #eth

The EU has unified USB-C and its currency, but it has not truly unified Europe’s fiscal and political will.

In recent years, capital has not been able to flow freely enough across Europe, and innovative companies have struggled to scale up. There is a tension between regulatory coordination and the pace of innovation.

The internal economic system is fragmented, while external competition is growing fiercer. The EU may appear to be a united whole, but deep divisions persist among member states over fiscal policy, industrial structures, levels of economic development, and competing interests.

$BTC $ETH #btc #eth

Let’s briefly talk about the significance of “time” in investing.

Recently, a lot of people have been in a hurry to talk to me about the markets. This was especially true during the rally around the U.S.-China meeting, when I kept seeing messages asking whether a particular asset was worth adding to a portfolio.

“Time preference” matters a lot in investing. One simple way to distinguish a trader from an investor is by their different time preferences.

100x leverage is about chasing the thrill of a minute; 10x leverage is about chasing the thrill of holding a position for an hour. Without leverage, there’s no thrill. In fact, after achieving major results, many long-term holders feel not so much joy as a delayed sense of joy. Anyone who has waited five years in the investment world for a major payoff probably understands that feeling of waiting for your child to make you proud.

Unless you’re a quantitative trader or a professional trader, don’t follow the market every day. In particular, don’t constantly check your portfolio returns, watch the candlestick charts, or follow the news. The more frequently you check your investments, the more likely short-term fluctuations are to trigger intense emotional swings.

The same goes for people who made gains in this market rally: there’s no need to follow the market every day.

Wealth is hard to accumulate every single moment. You might as well take more breaks and get some rest.

In a few days, it’ll have been exactly a month since I last checked the crypto market. And as far as I’m concerned, the market hasn’t moved much this past month.

$BTC $ETH #btc #eth

Musk gives stock to American minors

Anthropic is preparing to establish a public-interest fund to give money to U.S. citizens.

OpenAI plans to donate a 5% stake to the U.S. sovereign wealth fund and has proposed that every adult U.S. citizen receive a share of U.S. GDP each year, allowing the public to share in the wealth created by AI companies.

Next, Apple, Google, Nvidia, and Micron will probably follow suit.

So who exactly is communist?

And who is capitalist?

Things are absurd at home, too. State-owned enterprises hold so many assets, but they’re all just slush funds for the bureaucratic elite—not a penny flows out.

$BTC $ETH #btc #eth

Machi lost money again?

That's pretty funny.

Around the time of the recent US-China meeting, lots of newcomers kept asking me if there were any opportunities.

By then, I’d already started checking out and wasn’t paying much attention to the market. The narrative had been around for a while, and after a prolonged rally, it was only natural for the market to turn choppy.

After the US-China meeting, I hardly showed up on the forum or in the group chats.

When I did, I was just telling you to go out and have some fun. From now until the Shenzhen Summit, there’s probably still some market action left. Buy the dip on top-tier assets, but don’t bother with the long-tail ones anymore.

The market doesn’t have that much energy…

$BTC $ETH #btc #eth

沉默的劉多余

There’s not much to judge in the meme coin market.

A small number of meme coins will follow the trend; after the US–China meeting ends, it will most likely be choppy, swinging up and down.

For some tokens that have risen too much recently, the profits taken are added to make a defensive position on Ethereum.

Still a pretty good choice.

$ETH $UNI

I was just chatting with a friend about a question: between Western and Eastern cultures, which is better at adapting to new environments? Just look at the ancient civilizations of the Mediterranean—ancient Egypt, Rome, and Greece—and you’ll see that the West does have a long civilizational heritage. In fact, throughout history, Western civilization has shown a strong capacity to adapt by absorbing outside cultures, dismantling old systems, embracing new ways of life, and reshaping social institutions. Take America’s break from Britain to become an independent nation. In a way, it was like writing a letter to its old boss: “See you, brother. From now on, we’ll each go our own way.” Western culture is more inclined to challenge authority at its foundations. This has been especially evident in modern times: it has developed institutional mechanisms that enable society to correct its own course and new organizations to challenge old ones. We talk about heritage, culture, and our ancestors—two different ways of surviving. When we study our own history, we strongly reinforce the superiority of our civilization. But in reality, Eastern culture has changed very little since records began. Look, too, at Western historical sites such as Pompeii and the Pantheon. From architectural design to everyday life and entertainment, they were already remarkably modern more than 2,000 years ago. Yet even such a glorious civilization was dismantled and rebuilt by the people who inherited it. Now look at our own history: from the Han dynasty to the Qing dynasty, not much changed. Even today, we continue to emphasize heritage. Eastern culture may question heaven and earth, but it does not question its ancestors. Whether it’s a ruler with a cruel nature, a general with no morals, or a scholar of corrupt character— Each has a devoted following among later generations, who will even resort to sophistry to whitewash their ancestors. Not long ago, I came across a claim on social media that traditional Chinese medicine is more advanced than modern medicine. It was apparently made at an official event, which I found baffling. Studying history, you’ll find that all sorts of things have happened over and over again throughout China’s dynasties. In reality, for thousands of years, all those dynasties maintained the same system. They changed the ruling surname, but not the system’s nature. $BTC $ETH #btc #eth {future}(ETHUSDT) {future}(BTCUSDT)

Verified

U.S. stocks have had some brutal drawdowns throughout history. Many market darlings have fallen in one downturn after another.

Institutional positions are too concentrated. When a drawdown hits, those major players all sell off together. The Nasdaq fell 78% during the dot-com bubble bust.

The 2008 financial crisis saw a 60% drawdown, and the pandemic sell-off reached 30%.

In an institution-driven market, once a downturn gets going, it can be impossible to stop—like being slowly bled dry.

The risk most easily overlooked in a technological revolution is time.

Do you know why our Party keeps tightening the window for investing in U.S. stocks?

It’s afraid you’ll get fleeced and left with nothing. If you’re fleeced at home, at least the money stays in the country. If those institutions fleece you abroad, then it’s really gone for good.

When judging an asset, don’t just ask whether it will have value in the future. Also ask: if the market rejects it for several years in a row, can I keep holding it?

$BTC $ETH

沉默的劉多余

Wasn't the U.S. stock market closed?

How come so many people woke up to find themselves getting liquidated?

Use less leverage—this is just a preview.

Around the midterm elections, there's also a good chance the U.S. stock market will see a major retreat.

The crypto market is much the same. The market is only trying to rebuild trust; there's not enough of a narrative to support the next phase.

After the midterm elections, the only narrative left might be a meeting in Shenzhen between the three leaders of China, the U.S., and Russia.

$BTC $ETH #btc #eth

I was just chatting with a friend about a question: between Western and Eastern cultures, which is better at adapting to new environments?

Just look at the ancient civilizations of the Mediterranean—ancient Egypt, Rome, and Greece—and you’ll see that the West does have a long civilizational heritage. In fact, throughout history, Western civilization has shown a strong capacity to adapt by absorbing outside cultures, dismantling old systems, embracing new ways of life, and reshaping social institutions.

Take America’s break from Britain to become an independent nation. In a way, it was like writing a letter to its old boss: “See you, brother. From now on, we’ll each go our own way.”

Western culture is more inclined to challenge authority at its foundations. This has been especially evident in modern times: it has developed institutional mechanisms that enable society to correct its own course and new organizations to challenge old ones.

We talk about heritage, culture, and our ancestors—two different ways of surviving.

When we study our own history, we strongly reinforce the superiority of our civilization. But in reality, Eastern culture has changed very little since records began.

Look, too, at Western historical sites such as Pompeii and the Pantheon. From architectural design to everyday life and entertainment, they were already remarkably modern more than 2,000 years ago. Yet even such a glorious civilization was dismantled and rebuilt by the people who inherited it.

Now look at our own history: from the Han dynasty to the Qing dynasty, not much changed. Even today, we continue to emphasize heritage. Eastern culture may question heaven and earth, but it does not question its ancestors.

Whether it’s a ruler with a cruel nature, a general with no morals, or a scholar of corrupt character—

Each has a devoted following among later generations, who will even resort to sophistry to whitewash their ancestors.

Not long ago, I came across a claim on social media that traditional Chinese medicine is more advanced than modern medicine. It was apparently made at an official event, which I found baffling.

Studying history, you’ll find that all sorts of things have happened over and over again throughout China’s dynasties. In reality, for thousands of years, all those dynasties maintained the same system. They changed the ruling surname, but not the system’s nature.

$BTC $ETH #btc #eth

If SBF had asked CZ for help back then, Binance could have stepped in and bought FTX.

Based on Anthropic’s current valuation, FTX’s stake would be worth around $270 billion.

FTX also had some other miscellaneous investments, worth perhaps tens of billions of dollars.

That’s around $300 billion in assets on the books—more than the combined size of the top CEXs in the crypto industry…

$BTC $ETH #btc #eth

Is Sun secretly following me?

Also talking about the rift in community consensus over Bitcoin’s quantum upgrade

Bitcoin’s in a tough spot. If we see a global financial crisis sometime in the next few years, Bitcoin might fly even higher as a safe-haven asset.

Given the current situation, I can’t see how Bitcoin could solve the quantum upgrade problem.

Ethereum, on the other hand, doesn’t have nearly as many problems.

AI-driven technological progress is happening way too fast. I used to think it’d take about ten years for AI to do anything truly meaningful. Looking back at myself just three years ago, I was such an idiot. AI is so smart~

When I used Company A’s large language model a little over two years ago, it was still a dumb chatbot on a webpage, and the contact details for their engineers were even posted on the site.

Now they’re already a super-unicorn expected to have the world’s biggest IPO. This is fucking insane.

$BTC $ETH

沉默的劉多余

Quantum upgrade, very likely could trigger a once-in-history “major bottom” for Bitcoin.

The reason isn’t just that quantum computing can threaten some early addresses; more importantly, it may force the Bitcoin community to face a governance challenge like none before.

Whether Satoshi’s addresses are frozen or not, and whether those early bitcoins that haven’t moved for years are frozen as well, will inevitably spark enormous controversy.

To freeze means Bitcoin would be actively modifying asset rules for the first time, challenging the “code is law” philosophy.

To not freeze means there is, in theory, a risk that part of the assets could be stolen via quantum attacks, and market confidence would also take a hit.

The real difficulty has never been the technology—it’s always been consensus.

Once the upgrade phase begins, the struggle between different factions in the community, miners’ and nodes’ choices, and wallet and exchange compatibility could all lead to consensus fracturing, or even a chain split. At the same time, large-scale migration of UTXOs and upgrading signature schemes could temporarily congest the network, causing on-chain fees to rise significantly.

Therefore, the true test of the quantum era is not only whether Bitcoin can upgrade cryptography, but whether it can still complete a global consensus upgrade while maintaining decentralization.

In history, the biggest risk for Bitcoin has often not been the technology itself, but community consensus.

Only an idiot would easily say, “Freeze Satoshi’s coins and throw them into a black hole.”

$BTC $ETH $LDO #btc #eth #LDOMove

For a long time to come, countries around the world will face social governance challenges brought about by AI.

As machines take on an increasing share of work, what will society rely on to distribute income? Where will workers’ purchasing power come from? And how can governments maintain a balance between tax revenue, welfare, and public finances?

If today’s growth depends on future returns, while AI is reshaping the future of employment and income, are we building new productive forces ahead of time, or accumulating structural risks that remain unresolved?

The frenzy surrounding global assets today, and the huge investments made by AI giants and governments regardless of cost, may be borrowing from future consumption.

In the field of AI, new technologies and all kinds of celebrations appear almost every day. The future looks bright, yet the road ahead is still long.

$BTC $ETH #btc #eth

沉默的劉多余

I’d like to share my own choice in the debate over whether Bitcoin or Ethereum is better.

I’ve been a long-term ETH bull for two years. Ever since Bitcoin first crossed $100,000 two years ago, I’ve been more inclined to favor Ethereum.

Over the past two years, I’ve weathered the market’s ups and downs and faced plenty of ridicule and skepticism. But even today, if I had to choose again, I would still choose ETH.

The reason is simple.

Bitcoin made humanity realize the need for crypto assets, while Ethereum changed what’s possible in the crypto ecosystem.

Ethereum goes further. It’s not just an asset, but an open financial infrastructure that can be continuously upgraded. From smart contracts, stablecoins, and DeFi to RWAs and on-chain settlement, it keeps expanding the boundaries of blockchain applications.

Another question worth considering over the long term is how well each community can govern itself in the face of technological change.

Over the past two years, I’ve repeatedly talked about the potential challenges quantum computing poses to Bitcoin. What’s truly worth paying attention to isn’t just whether quantum computing can threaten existing cryptography, but whether the Bitcoin community can reach consensus when the entire network needs a major upgrade. The Ethereum community doesn’t face this problem.

Another point concerns traditional financial markets. If AI disrupts employment, institutions will fall into disarray. We have at most two years before the whole world enters a prolonged and complex period of social and institutional turmoil.

Traditional financial markets are very likely to face a prolonged period of turbulence, and it will take a long time to adapt to an AI-driven society.

Although Trump has used hardline measures since taking office to stimulate investment and economic growth, he’s ultimately spending tomorrow’s money. And after AI disrupts industries across the board, nobody knows what that world will look like. We can only wait for the sky to fall, have the tallest people hold it up, and gradually improve the system.

You could think of it as a massive bug in global social governance that needs fixing. While it’s being fixed, no one will care how many points the Nasdaq is at.

$BTC $ETH #btc #eth

I’d like to share my own choice in the debate over whether Bitcoin or Ethereum is better. I’ve been a long-term ETH bull for two years. Ever since Bitcoin first crossed $100,000 two years ago, I’ve been more inclined to favor Ethereum. Over the past two years, I’ve weathered the market’s ups and downs and faced plenty of ridicule and skepticism. But even today, if I had to choose again, I would still choose ETH. The reason is simple. Bitcoin made humanity realize the need for crypto assets, while Ethereum changed what’s possible in the crypto ecosystem. Ethereum goes further. It’s not just an asset, but an open financial infrastructure that can be continuously upgraded. From smart contracts, stablecoins, and DeFi to RWAs and on-chain settlement, it keeps expanding the boundaries of blockchain applications. Another question worth considering over the long term is how well each community can govern itself in the face of technological change. Over the past two years, I’ve repeatedly talked about the potential challenges quantum computing poses to Bitcoin. What’s truly worth paying attention to isn’t just whether quantum computing can threaten existing cryptography, but whether the Bitcoin community can reach consensus when the entire network needs a major upgrade. The Ethereum community doesn’t face this problem. Another point concerns traditional financial markets. If AI disrupts employment, institutions will fall into disarray. We have at most two years before the whole world enters a prolonged and complex period of social and institutional turmoil. Traditional financial markets are very likely to face a prolonged period of turbulence, and it will take a long time to adapt to an AI-driven society. Although Trump has used hardline measures since taking office to stimulate investment and economic growth, he’s ultimately spending tomorrow’s money. And after AI disrupts industries across the board, nobody knows what that world will look like. We can only wait for the sky to fall, have the tallest people hold it up, and gradually improve the system. You could think of it as a massive bug in global social governance that needs fixing. While it’s being fixed, no one will care how many points the Nasdaq is at. $BTC $ETH #btc #eth {future}(ETHUSDT) {future}(BTCUSDT)