First, what is KGST? It’s a stablecoin pegged to the Kyrgyzstani som and backed 1:1 by fiat reserves, designed mainly for remittances and commercial settlements.
The promotion runs from October 14 to January 13, 2027—three full months. All users who have completed verification can trade the KGST/USDT pair with no maker or taker fees.
Who benefits most from zero fees? Those who trade this pair for arbitrage or at high frequency will make real savings on fees over three months. People who need to send remittances or settle payments in Central Asia also get another low-cost option.
My take: If you have little use for the som, there’s no need to try an unfamiliar stablecoin just for zero fees—the savings won’t outweigh the uncertainty around exchange rates and liquidity. But if you do business in Central Asia, this three-month window is worth making the most of.
First, what is KGST? It’s a stablecoin pegged to the Kyrgyzstani som and backed 1:1 by fiat reserves, designed mainly for remittances and commercial settlements.
The promotion runs from October 14 to January 13, 2027—three full months. All users who have completed verification can trade the KGST/USDT pair with no maker or taker fees.
Who benefits most from zero fees? Those who trade this pair for arbitrage or at high frequency will make real savings on fees over three months. People who need to send remittances or settle payments in Central Asia also get another low-cost option.
My take: If you have little use for the som, there’s no need to try an unfamiliar stablecoin just for zero fees—the savings won’t outweigh the uncertainty around exchange rates and liquidity. But if you do business in Central Asia, this three-month window is worth making the most of.
First, what is KGST? It’s a stablecoin pegged to the Kyrgyzstani som and backed 1:1 by fiat reserves, designed mainly for remittances and commercial settlements.
The promotion runs from October 14 to January 13, 2027—three full months. All users who have completed verification can trade the KGST/USDT pair with no maker or taker fees.
Who benefits most from zero fees? Those who trade this pair for arbitrage or at high frequency will make real savings on fees over three months. People who need to send remittances or settle payments in Central Asia also get another low-cost option.
My take: If you have little use for the som, there’s no need to try an unfamiliar stablecoin just for zero fees—the savings won’t outweigh the uncertainty around exchange rates and liquidity. But if you do business in Central Asia, this three-month window is worth making the most of.
【Word of the Day】A new round is live: Guess the words to share 10,000 USDC
Binance’s Word of the Day is back with a new round. Here are the rules:
This round’s theme is “Binance Smartens Up Finance.” It runs from today, October 12, until 8:00 a.m. on October 19. The game is to guess the words, and you can play up to two rounds a day. But guessing alone won’t get you a share of the prize pool: you need to complete five words and reach a cumulative trading volume of $50 to qualify. The total prize pool is 10,000 USDC, shared among everyone who qualifies.
Put simply, this is an event where a small amount of trading volume earns you the chance to answer questions. For most people, $50 in trading volume is just a quick spot trade, with round-trip fees being the main cost.
My take: With a 10,000 USDC prize pool and plenty of participants, each account will probably get only a few dollars. It’s a good fit for people who were already planning to trade and can guess the words along the way. If you’re trading just to rack up volume for this event, it may not be worth it once you factor in the fees—don’t get things backwards.
An 89-year-old Japanese man made 2 billion yen trading stocks, about 84 million yuan.
An old post from 2017 recently resurfaced and went viral, with 2.1 million views. His method is incredibly simple—ten rules in all:
Down 5%: do nothing Down 15%: add 10% to your position Down 25%: add another 25% Up 5% to 15%: hold, do nothing Up 25%: sell 10% Up 35%: sell 20% Up 45%: sell 30% Up 60%: sell 40% Double: sell everything and walk away
No indicators, no insider information—just discipline.
Now look at us: down 5% and we panic-sell; up 30% and we think it’ll go to the moon; doubled our money and we still want another double. BTC is at $84,124, up 1.28% today. How many people are once again torn between chasing it and waiting?
The old man is still following this strategy at 89. It’s not because he’s clever, but because he wrote greed and fear out of the equation in advance.
My take: if you apply this to crypto, you need to widen the thresholds—the swings in crypto are several times bigger than in stocks. But the basic framework of selling in stages when prices rise and buying according to plan when they fall never goes out of style, in any market.
Strategy bought another 1,665 $BTC last week and now holds 847,000, while Tom Lee is still calling for $250,000.
One company holding 4% of all Bitcoin—is that conviction or systemic risk? When prices rise, it’s good news for “institutional adoption.” When they fall, ask yourself: if the company were forced to sell one day, who would take those 840,000 coins?
My take: this strategy looks genius when prices rise and like a ticking time bomb when they fall. If you’re holding spot, just don’t follow along and add leverage.
That’s all I’ll say. If you know, you know. #热点 $AI
Spy Chips Hidden in Hardware Wallets: How $80 Million Was Stolen
CZ just reposted a security alert, and it sent a chill down my spine:
A long-time official authorized Ledger reseller in Malaysia was bought out by hackers. They implanted tiny spy chips in the wallets, repackaged them, and shipped them out. The “brand-new, genuine” wallets customers received had been leaking their private keys from day one. The amount stolen exceeded $80 million. Even worse, the hackers forced the reseller to sign a confidentiality agreement, keeping the incident under wraps for a long time before it came to light.
Let’s break down the attack chain: 1. The entry point wasn’t a shady exchange or a phishing link—it was the supply chain. The hardware you bought was fake. 2. The chip sent the private key away the moment you generated your recovery phrase. Anything you transferred in afterward was just making money for someone else. 3. The packaging, shrink-wrap, and anti-counterfeit stickers were all reproduced exactly. There was no way an ordinary person could tell by looking.
Three things to check right now: 1. Where did you buy your hardware wallet? If it wasn’t directly from the official store—if it came from a third-party reseller or a secondhand marketplace—your risk level is at its highest. 2. Ledger has an authenticity check for its devices (Genuine Check in Ledger Live). If you haven’t run it, do it now. 3. Don’t keep all your high-value assets on a single device. Spread them out. It’s advice you’ve heard a thousand times, but when something goes wrong, it’s the only thing that works.
My take: The scariest thing isn’t the $80 million—it’s that this shatters the belief that “hardware wallet = absolute security.” Cold wallets protect against online attacks, but they can’t protect you if someone tampered with the device before it left the factory. From now on, I’ll only buy hardware wallets directly from the official store. I’m willing to pay a little extra.
STRK is trending at #1, but I’d advise you not to rush in just yet.
It’s #1 on CoinGecko’s trending list, up 34.7% in 24 hours, with a current price of $0.118 and trading volume surging to $125 million. An Ethereum Layer 2 coin ranked 86th by market cap has suddenly become the hottest coin online while the broader market is moving sideways.
But one figure is unusual: despite this rally, its funding rate is still negative at -0.0053%. Some traders are aggressively shorting even as the price rises, and the bears haven’t given up yet. This setup could either trigger more short squeezes and push the price higher, or see longs rush for the exits and stampede over one another.
From a low of $0.086 to a high of $0.124, it swung 43% in a day. Anyone who bought at the peak is already down 4.4% on paper.
My take: hitting #1 on the trending list is often a sign that hype is peaking, not a cue to jump in. With no fundamental news and a rally driven purely by capital flows, I’d rather watch from the sidelines. If you really want to participate, wait for a pullback and confirmation that the price is holding steady—don’t buy in when the excitement is at its hottest.
The most gut-wrenching numbers are here, one year after 10/11.
On this day last year, BTC plunged to $101,000. Everyone across the internet was saying there was gold everywhere, and people were scrambling to buy the dip.
Today, BTC is at $83,030—$18,000 lower than on 10/11.
ETH is even worse: on 10/11, it fell to $3,749 and we thought the sky was falling. Today it’s at $2,501, down by another third.
From its peak of $122,000, anyone who’s held on for a year is sitting on an unrealized loss of 32%. Those who got liquidated were wiped out overnight; those who held on have been bleeding slowly. Nobody won.
My take: the drop on 10/11 was an acute episode, while this past year has been a slow grind. In a bear market, surviving matters more than buying the dip. Protect your principal first; think about making a comeback later.
Binance Spot Trading Competition Season 4: Share 400 BNB
Time: Oct 9, 18:00 – Oct 16, 18:00 (Beijing Time), 5 days left Trading pairs: ZEC/USDC and USUAL/USDT Prize pool: 400 BNB token vouchers + sprint rewards (the higher your trading volume, the bigger your extra rewards) Requirements: Register on the event page in the app. KYC-verified users and VIP 1–6 users can participate; market makers are excluded.
A quick breakdown: The privacy narrative around ZEC has been picking up again lately, while USUAL is a rising star in stablecoins. Both are volatile assets, making them suitable for volume farming. At current prices, 400 BNB is worth around 1 million USDT. The top traders will take the biggest share; for retail traders, it’s just a little extra to pick up along the way. My take: If you’re serious about climbing the leaderboard, you’ll need to build up your volume in the first couple of days. After that, it’ll mostly be a battle over existing volume. I’m not going for the leaderboard, but I might place a few orders around this price for ZEC—the volatility is right there.
Here's how I watch the market: For the top gainers, I check volume first—rallies on shrinking volume are usually just one-day wonders. For the top losers, I look at the reason first; a catch-up decline and deteriorating fundamentals are two different things. Then I look at the overall pattern: if the gainers are all small-cap coins while the losers are large-cap ones, it means traders are betting on volatility, so risk appetite actually isn't high. Conversely, if large caps are leading the gains, that's when fresh capital is really flowing in. My take: If you only look at the leaderboard and ignore volume, you're basically handing your money to the market.
One announcement from Trump about "100% tariffs" triggered $13.475 billion in liquidations across the crypto market in 24 hours—the biggest single-day liquidation event in history. 1.6 million people were liquidated, and 90% of them were long.
BTC plunged from $122,000 to $107,000. ETH and BNB fell more than 15% in a single day, USDe depegged to $0.62, and even Binance was knocked offline.
Arkham detected movement from wallets linked to the U.S. government: 833 $BTC (about $71.6 million) + 40,000 $BNB were transferred to unlabeled addresses. It’s not yet confirmed whether they’re going to sell.
Whenever the government moves its coins, the market gets nervous. The shadow of the German government’s sell-off still hasn’t faded. My personal take: it’s most likely routine consolidation, but the market doesn’t trade on probability—it trades on sentiment, so short-term volatility is inevitable.
Do you think this is consolidation or preparation for a sell-off? #热点 $SUP
I’ve gone through the rules for Binance Alpha’s STABLE trading competition, so here are the practical details:
First, the schedule (Beijing time): Round 1 starts tonight at 21:00 and runs until October 16 at 21:00. Round 2 runs from October 16 to 23. If you’re seeing this now, there are still a full 7 days left in Round 1.
Rankings are based only on buy volume—sell volume doesn’t count. The top 2,000 traders in each round will split 3.85 million STABLE, giving each person 1,925 tokens.
Two multipliers are key: First, the early-bird bonus: the earlier you buy, the higher your multiplier. Days 1–2: 2x; days 3–4: 1.8x; day 5: 1.5x; day 6: 1.3x; and the final day: just 1x. If you rack up 10,000 U in buy volume on the first day, it counts as 20,000 U toward your ranking. Second, the newcomer bonus: if you’ve received Alpha competition rewards fewer than 3 times before, you qualify as a Rising Trader. Your buy volume gets a 1.2x multiplier, up to a limit of 5,000 U. Once you hit that limit, the bonus stops applying.
Three things to watch out for: 1. You must tap Join on the campaign page in the app first. Only trading volume after you join counts; anything before that is wasted. 2. You must trade using Binance Wallet (Keyless) or Alpha itself. Trades through third-party dApps don’t count, and Alpha token-to-token trading volume doesn’t count either. 3. Rewards are paid in STABLE tokens and will be distributed by November 6. You must claim them within 14 days of distribution or they’ll expire.
Bottom line: If you want to take advantage, get started during the first two days of Round 1 to max out the 2x early-bird bonus. If you qualify as a newcomer, stack the 1.2x bonus on top. But don’t force big trades just to climb the rankings—the price swings in STABLE itself could cost you more than those 1,925 tokens are worth.
Saw a new Binance event: Binance Alpha Trading Competition: Trade Stable (STABLE) and Share $200K Worth of Rewards (2026-10-09)
Honestly, take advantage of exchange rewards when you can, but don’t open positions you normally wouldn’t just to chase them— risking $100 in volatility for a $10 reward is a losing deal no matter how you look at it. $STABLE
Binance Alpha delisted a batch of tokens today: SUP, CUDIS, PYTHIA, BLUM, KIN, DN, GAIA, STRIKE, CDL, KO, VRA, EPT, SLX, and CAI—a total of 14. The reason given was “not meeting Alpha standards.”
First, what is Alpha? It’s a showcase for early-stage projects in Binance Wallet—basically a “minor league.” The market tends to assume that projects listed on Alpha have a chance of graduating to spot trading. Once they’re removed from the list, that expectation disappears.
A few of these 14 might look familiar: BLUM, the mini-game that was all the rage on Telegram for a while, never really bounced back after the hype died down; and VRA (Verasity), an old project from 2017 that’s managed to survive until now.
My take: being removed from Alpha is genuinely bearish for the price—the token loses one of its biggest narrative drivers, and liquidity will likely drop too. If you’re holding any, don’t wait around; sell while there are still buyers. As for buying the dip? Not many tokens removed from Alpha make it back.
$BICO and $CVC have been given Binance’s Monitoring Tag. First, here’s what these two coins are: $BICO (Biconomy): Builds on-chain infrastructure such as gas fee sponsorship and account abstraction. It’s a project that emerged during the 2021 bull market. $BICO is currently at 0.0197 (24h: -3.0%). $CVC (Civic): Focuses on decentralized identity verification. It’s an old project from the 2017 ICO era. $CVC is currently at 0.0247 (24h: -10.1%).
A quick explanation of the Monitoring Tag: it doesn’t mean the coin is being delisted—trading continues as usual, but you have to complete a risk assessment before each trade. Binance periodically reviews these coins; if they fail to meet its standards for liquidity, trading volume, or project activity, they may be delisted. Historically, within a few months of getting the tag, a coin either has it removed or gets delisted—and quite a few end up taking the delisting route.
In short: if you’re holding, reduce your position sooner rather than later. If you’re not holding, stay away. $BICO $CVC