AB Kuai Dong
2k Posts
AB Kuai Dong
Square Verified+2016 年入行从业，专栏作家，兴趣内容分享和研究，现居东京。
原创之星
Open Trade
BTC Holder
Frequent Trader
7.2 Years
22 Following
32.3K+ Followers
40.6K+ Liked
2 Badges
Posts
Portfolio
All
Quotes
Videos
Live
PINNED
Verified
I am very glad to meet CZ in Tokyo. This is his return to Japan after 7 years, and during this time, the entire industry has undergone tremendous changes.
At this event, I asked CZ a question: How do you view the on-chain of everything and the tokenization of stocks?
He replied: There have not yet been large-scale coin-stock products on the market. The possible reason is that each country and region has different policies, making it difficult for coin-stock investors to receive dividends and easily redeem stocks. There are also price differences during trading. However, projects on the chain are usually global in nature, which was a significant pain point back then.
Restrict areas or try to solve it?
But he reiterated that the trend of RWA cannot be stopped. $BNB
At this event, I asked CZ a question: How do you view the on-chain of everything and the tokenization of stocks?
He replied: There have not yet been large-scale coin-stock products on the market. The possible reason is that each country and region has different policies, making it difficult for coin-stock investors to receive dividends and easily redeem stocks. There are also price differences during trading. However, projects on the chain are usually global in nature, which was a significant pain point back then.
Restrict areas or try to solve it?
But he reiterated that the trend of RWA cannot be stopped. $BNB
PINNED
Apple announced approval of Klarna and launched an equipment rental service. It offers iPhone rentals starting from $17.99 per month, and watches starting from $11.99 per month. Rental terms are selectable from 12 to 36 months.
Taking a 14-inch MacBook Pro with 16GB as an example: if you rent it for 36 months, you pay $38.99 per month, and if you rent it for 24 months, you pay $53.99 per month. The service is currently available in the United States.
Taking a 14-inch MacBook Pro with 16GB as an example: if you rent it for 36 months, you pay $38.99 per month, and if you rent it for 24 months, you pay $53.99 per month. The service is currently available in the United States.
What's been going on with Xiaohongshu lately? After the former chief director spoke out to protect his rights, a senior executive—who joined Xiaohongshu in 2018 and served as the Chief Technology Expert and head of the department—has done the same.
According to reports, the company had promised him 800,000 shares of stock options, and later granted an additional 60,000 shares as a bonus. However, half of them would only vest if he worked for 2 years. As a result, just 8 days before the two-year mark at the time of his hiring anniversary, his employment contract was suddenly terminated, causing his options to become invalid. Their current value is worth more than ten million.
According to reports, the company had promised him 800,000 shares of stock options, and later granted an additional 60,000 shares as a bonus. However, half of them would only vest if he worked for 2 years. As a result, just 8 days before the two-year mark at the time of his hiring anniversary, his employment contract was suddenly terminated, causing his options to become invalid. Their current value is worth more than ten million.
What's going on with everyone lately? Yesterday someone asked Duan Yongping: if the founder of Pop Mart suddenly passed away, how much would it affect the company, since Duan Yongping is already the company’s second-largest shareholder.
In response, Duan Yongping directly said: it would have a far bigger impact than you being the one to show up unexpectedly.
In response, Duan Yongping directly said: it would have a far bigger impact than you being the one to show up unexpectedly.
Verified
Binance Wallet has also officially announced support for Changxin Technology’s contract, and I checked—it’s supported by Aster.
So where is the market at right now?
So where is the market at right now?
This is too outrageous. Back on June 3, the CEO of the education company GanMo (used for civil service exam prep), Zhang Xiaolong, ran to a domestic university to tell students preparing for the civil service exam that they should give up and instead go trade tech stocks and US stocks.
According to the company’s latest disclosure, its stock-trading losses total 8.3 million US dollars, about 56.15 million RMB. And that “bro” previously bragged that he made 53 million RMB trading stocks—so it’s basically all been lost back.
According to the company’s latest disclosure, its stock-trading losses total 8.3 million US dollars, about 56.15 million RMB. And that “bro” previously bragged that he made 53 million RMB trading stocks—so it’s basically all been lost back.
Verified
SK Hynix, after the market opened today, accelerated its decline -13% to 1.579 million won, and according to data from Korean broker Naver, the current average holding price of SK Hynix shares among retail investors in South Korea is 1.815 million won.
That means for each person in South Korea, they are down -13% on Hynix—assuming they haven’t used leverage.
That means for each person in South Korea, they are down -13% on Hynix—assuming they haven’t used leverage.
Verified
Behind this semiconductor pullback, the CDS prices of Oracle, SpaceX, Alphabet, Amazon, Meta, and Broadcom have recently risen to record highs.
In debt markets, people are worried that Nvidia might no longer just sell chips and get paid, but instead might be borrowing money on behalf of clients, guaranteeing loans, or even providing funds so that clients can buy its chips.
In debt markets, people are worried that Nvidia might no longer just sell chips and get paid, but instead might be borrowing money on behalf of clients, guaranteeing loans, or even providing funds so that clients can buy its chips.
Caixin believes that this 26-year-old trader, who allegedly misappropriated HK$50 million from the company to trade leveraged ETFs on SK Hynix and racked up a loss of HK$150 million, has many questionable points.
For example, this guy was only employed by the company for half a year, yet he was able to obtain permission to misappropriate HK$50 million on his own—and for quite a while, it went unnoticed. Regardless of which leveraged financing instrument he used, it is difficult to understand.
For example, this guy was only employed by the company for half a year, yet he was able to obtain permission to misappropriate HK$50 million on his own—and for quite a while, it went unnoticed. Regardless of which leveraged financing instrument he used, it is difficult to understand.
Partly True
Previously, everyone was speculating on the Hong Kong Stock Exchange over that Southern East Asia SK Hynix 2x long-short ETF, which was heavily traded. Just now, its management company released an announcement stating that, starting from August 3, it will change its name and leverage structure.
From the past fixed 2x leverage, it will become up to 2x; in extreme cases, it may even be reduced to 1.1x. The reason behind this is to comply with regulatory requirements.
From the past fixed 2x leverage, it will become up to 2x; in extreme cases, it may even be reduced to 1.1x. The reason behind this is to comply with regulatory requirements.
Too unbelievable: A 26-year-old trader in Hong Kong misappropriated HK$50 million from his company, then made a huge bet by buying SK Hynix with leveraged long ETFs. In the end, he lost HK$150 million.
At present, the police have revealed that the above positions have not yet been sold off via liquidation. This means the final loss from this position will still continue to fluctuate as the stock price moves. The guy is also suspected of theft and has been detained.
At present, the police have revealed that the above positions have not yet been sold off via liquidation. This means the final loss from this position will still continue to fluctuate as the stock price moves. The guy is also suspected of theft and has been detained.
SKHYNIX-6.87%
EWYETF-4.48%
Verified
This wave of listings by Changxin is probably hardest on real estate company Country Garden. In September 2021, Country Garden injected 2 billion yuan into Changxin at 2.22 yuan per share, obtaining 901 million shares of Changxin. If it were held until now, that would be a 23x return.
And by the end of 2024, due to Country Garden being trapped in a real estate crisis, it was forced to liquidate all its Changxin equity at the original price; the buyer was Hefei state-owned assets.
And by the end of 2024, due to Country Garden being trapped in a real estate crisis, it was forced to liquidate all its Changxin equity at the original price; the buyer was Hefei state-owned assets.
The two winners behind Changxin this round: Dr. Peng Guie of Huaden Hi-Tech. 5 years ago, she went against the tide and led the company to make a heavy bet of 900 million yuan, valuing it at 40 billion yuan—currently, the potential return is 90x.
Hefei state-owned capital: from the start, it has continuously doubled down. It currently holds 36.79% of the equity, with book returns exceeding 1 trillion yuan.
Hefei state-owned capital: from the start, it has continuously doubled down. It currently holds 36.79% of the equity, with book returns exceeding 1 trillion yuan.
The Xiaomi range-extended new car, about to make its debut at a press conference, has already been spotted by many netizens in recent days—both in parking lots and on the streets—showing the full exterior model.
According to the plan, Xiaomi will announce the pricing and details of this vehicle on July 30, with options available in 5-seat and 7-seat versions.
According to the plan, Xiaomi will announce the pricing and details of this vehicle on July 30, with options available in 5-seat and 7-seat versions.
Verified
That’s absolutely wild! In just the past 1 hour, China’s SK Hynix—ChangXin Memory Technologies (CXMT).
The first tech stock listed on the A-share market to open with a market cap exceeding 3 trillion yuan
The first company to come in and become the highest market-cap company on the Science and Technology Innovation Board (STAR Market)
The first new stock on the A-share market to see its single-day trading value exceed 100 billion yuan
The first new A-share stock to achieve both a 1-trillion-yuan trade value and over 50% turnover rate
The first tech stock listed on the A-share market to open with a market cap exceeding 3 trillion yuan
The first company to come in and become the highest market-cap company on the Science and Technology Innovation Board (STAR Market)
The first new stock on the A-share market to see its single-day trading value exceed 100 billion yuan
The first new A-share stock to achieve both a 1-trillion-yuan trade value and over 50% turnover rate
Partly True
Just at ChangXin Technology, not long before the market opened today
Nomura Securities set a target price of 116 yuan for ChangXin, which is about $17
The report believes that ChangXin should receive a higher valuation premium than overseas comparable companies, rather than a discount. Therefore, it expects the PE multiple to be more than double the current valuations of Micron Technology and SK hynix, and that customer demand will accelerate growth.
Nomura Securities set a target price of 116 yuan for ChangXin, which is about $17
The report believes that ChangXin should receive a higher valuation premium than overseas comparable companies, rather than a discount. Therefore, it expects the PE multiple to be more than double the current valuations of Micron Technology and SK hynix, and that customer demand will accelerate growth.
How crowded is the trading after Changxin’s listing this time?
They basically ‘crashed’ the exchange’s order system…
They basically ‘crashed’ the exchange’s order system…
I saw yesterday that people in the tech industry say there’s basically no such thing as “talent being stifled” anymore.
Then today I remembered the story about Kimi’s youngest employee: a 17-year-old high school student. The paper he helped create also received feedback and was commented on by Musk. Kimi, by the way, was discovered and recruited from the community. Additionally, over at Xiaomi next door, there’s a 19-year-old researcher.
Then today I remembered the story about Kimi’s youngest employee: a 17-year-old high school student. The paper he helped create also received feedback and was commented on by Musk. Kimi, by the way, was discovered and recruited from the community. Additionally, over at Xiaomi next door, there’s a 19-year-old researcher.
Verified
Bottom of a bear market—or is it time to start again? Over the past 3 days, two once well-known cryptocurrency exchanges have officially announced closures.
These include BitMEX, which previously held the #1 market share in the crypto derivatives market, and BitMart, whose coin exchange ranked among the top 10 in spot market share from 2019 to 2020.
These include BitMEX, which previously held the #1 market share in the crypto derivatives market, and BitMart, whose coin exchange ranked among the top 10 in spot market share from 2019 to 2020.
Log in to explore more content