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AB Kuai Dong

2016 年入行从业,专栏作家,兴趣内容分享和研究,现居东京。
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6.9 Years
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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
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
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An 8-year veteran practitioner tells you: How to spend the industry's garbage timeThe market has gradually become quiet recently. Many colleagues have expressed that they can’t see the direction clearly or are forced to be friends with time. This is actually not the first time. Looking back, since I entered the circle in 2016, I seem to have experienced four major garbage cycles. Although I often comfort myself in my heart that all this will pass, the positive cycle will come back, and liquidity will come back, but when we are really in the garbage time, we will feel more or less depressed or helpless. Winter in Zhongguancun. The first garbage time was when I entered the circle. At that time, the industry had just shifted from the cold winter of 2015 to the recovery period of 2016. OKCoin and Huobi, located in Zhongguancun, also stopped layoffs. The market was gradually recovering, and exchanges finally had positive income.

An 8-year veteran practitioner tells you: How to spend the industry's garbage time

The market has gradually become quiet recently. Many colleagues have expressed that they can’t see the direction clearly or are forced to be friends with time. This is actually not the first time.

Looking back, since I entered the circle in 2016, I seem to have experienced four major garbage cycles. Although I often comfort myself in my heart that all this will pass, the positive cycle will come back, and liquidity will come back, but when we are really in the garbage time, we will feel more or less depressed or helpless.

Winter in Zhongguancun.

The first garbage time was when I entered the circle. At that time, the industry had just shifted from the cold winter of 2015 to the recovery period of 2016. OKCoin and Huobi, located in Zhongguancun, also stopped layoffs. The market was gradually recovering, and exchanges finally had positive income.
Famous wartime quotes from American presidents The only thing we have to fear is fear itself. - Roosevelt People will die, nations will rise and fall, but ideas endure. - Kennedy Mr. Gorbachev, tear down this wall! - Reagan Open the damn strait, you crazy bastards, or you’ll be waiting for hell. - Trump
Famous wartime quotes from American presidents

The only thing we have to fear is fear itself. - Roosevelt

People will die, nations will rise and fall, but ideas endure. - Kennedy

Mr. Gorbachev, tear down this wall! - Reagan

Open the damn strait, you crazy bastards, or you’ll be waiting for hell. - Trump
Huh? Another news conference during the opening of the US stock market. Trump just tweeted on his own platform stating that he will hold a news conference regarding the successful rescue of the pilot in Iran, as well as the situation with the military. The time is set for Monday at 1 PM Eastern Time, which is 1 AM Tuesday China time, help!
Huh? Another news conference during the opening of the US stock market.

Trump just tweeted on his own platform stating that he will hold a news conference regarding the successful rescue of the pilot in Iran, as well as the situation with the military.

The time is set for Monday at 1 PM Eastern Time, which is 1 AM Tuesday China time, help!
Trump's final deadline for Iran March 21, 48 hours March 23, extended by 5 days March 26, extended again by 10 days April 4, another 48 hours given April 5, ultimatum issued 2 days later
Trump's final deadline for Iran

March 21, 48 hours
March 23, extended by 5 days
March 26, extended again by 10 days
April 4, another 48 hours given
April 5, ultimatum issued 2 days later
If you are worried about getting old, just take a look at him. In 2 months, that Trump, who is going to invade Greenland this year, capture the President of Venezuela, and go to war with Iran, will be 80 years old. It's hard to imagine that an 80-year-old man can accomplish so much every day; he is even better at expressing and stirring things up than young people.
If you are worried about getting old, just take a look at him.

In 2 months, that Trump, who is going to invade Greenland this year, capture the President of Venezuela, and go to war with Iran, will be 80 years old.

It's hard to imagine that an 80-year-old man can accomplish so much every day; he is even better at expressing and stirring things up than young people.
The real-life Black Hawk Down! Trump just tweeted on his own platform that the U.S. military deployed dozens of aircraft and successfully rescued, a few hours ago, the F-15 pilot who was shot down by Iran. He claimed that this pilot was continuously pursued by the enemy during this time. This is the first time in U.S. military history that two American pilots have been successfully rescued deep behind enemy lines.
The real-life Black Hawk Down! Trump just tweeted on his own platform that the U.S. military deployed dozens of aircraft and successfully rescued, a few hours ago, the F-15 pilot who was shot down by Iran.

He claimed that this pilot was continuously pursued by the enemy during this time.

This is the first time in U.S. military history that two American pilots have been successfully rescued deep behind enemy lines.
Sorry, this is too funny. At 11 o'clock, Trump said that all of Iran's air defense deployments were gone, and we could fly wherever we wanted; no one dared to attack us! At 1 PM, Iran shot down a US F-15 At 3 PM, Iran hit another A-10 At 4 PM, Iran forced an F-16 to make an emergency landing At 6 PM, Iran had a KC-135 tanker urgently call for help
Sorry, this is too funny.

At 11 o'clock, Trump said that all of Iran's air defense deployments were gone, and we could fly wherever we wanted; no one dared to attack us!

At 1 PM, Iran shot down a US F-15

At 3 PM, Iran hit another A-10

At 4 PM, Iran forced an F-16 to make an emergency landing

At 6 PM, Iran had a KC-135 tanker urgently call for help
Awesome is my country! I didn't expect that the new DeepSeek model, which is delayed for release this month, is going to be a big deal. The new generation V4 large model uses Huawei chips for the entire underlying system!
Awesome is my country! I didn't expect that the new DeepSeek model, which is delayed for release this month, is going to be a big deal.

The new generation V4 large model uses Huawei chips for the entire underlying system!
The diplomatic account of the Iranian embassy in Zimbabwe tweeted this afternoon: Trump, please come out and say something, we are all bored.
The diplomatic account of the Iranian embassy in Zimbabwe tweeted this afternoon:

Trump, please come out and say something, we are all bored.
Jointly countering the US and China? French President Macron, during a guest speech at Yonsei University in South Korea, expressed a call for middle powers to unite to collectively counter the United States and China. He stated that our goal is not to become a vassal of either country. We do not want to rely on hegemony, such as being dependent on China, nor do we want to be overly exposed to the unpredictability of the United States. Therefore, we hope to establish an alliance and band together collectively.
Jointly countering the US and China? French President Macron, during a guest speech at Yonsei University in South Korea, expressed a call for middle powers to unite to collectively counter the United States and China.

He stated that our goal is not to become a vassal of either country. We do not want to rely on hegemony, such as being dependent on China, nor do we want to be overly exposed to the unpredictability of the United States.

Therefore, we hope to establish an alliance and band together collectively.
It's too intense; Google dropped a bombshell at dawn. They released the latest open-source model Gemma 4 and emphasized that it can run locally on personal devices. Unlike relying on cloud calls, Gemma 4 supports operation on the user's local hardware while also having the capability for function calls, meaning the model can not only chat but also directly call tools, browse the web, execute code, and even connect to APIs, exhibiting the capabilities of an AI agent. The core of this change lies in the significant reduction of inference costs, even approaching zero. Users no longer need to pay for each call, only bearing the costs of local hardware. Market opinions suggest that this will impact the AI business model primarily based on call billing, especially for companies like OpenAI and Anthropic that rely on API charges. Currently, relevant Chinese documentation pages have also been released.
It's too intense; Google dropped a bombshell at dawn.

They released the latest open-source model Gemma 4 and emphasized that it can run locally on personal devices.

Unlike relying on cloud calls, Gemma 4 supports operation on the user's local hardware while also having the capability for function calls, meaning the model can not only chat but also directly call tools, browse the web, execute code, and even connect to APIs, exhibiting the capabilities of an AI agent.

The core of this change lies in the significant reduction of inference costs, even approaching zero. Users no longer need to pay for each call, only bearing the costs of local hardware.

Market opinions suggest that this will impact the AI business model primarily based on call billing, especially for companies like OpenAI and Anthropic that rely on API charges.

Currently, relevant Chinese documentation pages have also been released.
So companies are not forcing employees to use AI for efficiency. Rather, when a colleague is optimized one day, their intelligent agent, based on their work habits and chat records, can replace their will to hand over tasks and work at any time.
So companies are not forcing employees to use AI for efficiency.

Rather, when a colleague is optimized one day, their intelligent agent, based on their work habits and chat records, can replace their will to hand over tasks and work at any time.
This x account hasn't been banned, which is amazing. There is a guy on Twitter named Did Donald Trump Die Today? which means did Trump die today? Then he posts every day to record whether Trump has died today or not. He has been updating for over 500 days, consistently.
This x account hasn't been banned, which is amazing.

There is a guy on Twitter named Did Donald Trump Die Today? which means did Trump die today?

Then he posts every day to record whether Trump has died today or not. He has been updating for over 500 days, consistently.
Mango suddenly announced this afternoon at 5 PM that it will cease operations. Upon opening its website, a permanent shutdown notice popped up. The announcement was made on April 2nd, not on yesterday's April Fool's Day.
Mango suddenly announced this afternoon at 5 PM that it will cease operations. Upon opening its website, a permanent shutdown notice popped up.

The announcement was made on April 2nd, not on yesterday's April Fool's Day.
The internationalization of the renminbi has succeeded overnight. Bloomberg reports that ships wishing to pass through the Strait of Hormuz can only pay in cryptocurrency or renminbi. Some ships have received proposals that if they are willing to change their country of registration and fly the Pakistani flag, they can pay to pass through the Strait of Hormuz. Shipowners need to contact intermediary companies related to Iran, with fees typically starting at about 1 dollar per barrel of oil, after which they will receive a passage permit code. Currently, there are supertankers capable of carrying 2 million barrels of crude oil waiting to pass through the strait, and according to this quote, they need to pay at least the equivalent of 2 million US dollars in renminbi. At least two large oil trading companies have received this proposal, and ships identified as belonging to friendly countries of Iran may be granted priority passage.
The internationalization of the renminbi has succeeded overnight. Bloomberg reports that ships wishing to pass through the Strait of Hormuz can only pay in cryptocurrency or renminbi.

Some ships have received proposals that if they are willing to change their country of registration and fly the Pakistani flag, they can pay to pass through the Strait of Hormuz.

Shipowners need to contact intermediary companies related to Iran, with fees typically starting at about 1 dollar per barrel of oil, after which they will receive a passage permit code.

Currently, there are supertankers capable of carrying 2 million barrels of crude oil waiting to pass through the strait, and according to this quote, they need to pay at least the equivalent of 2 million US dollars in renminbi.

At least two large oil trading companies have received this proposal, and ships identified as belonging to friendly countries of Iran may be granted priority passage.
In less than 3 days, the WTI crude oil and Brent crude oil contracts that Binance previously launched ranked 24th and 30th in daily trading volume, surpassing the trading volumes of many altcoin contracts. Meanwhile, gold and silver contracts consistently maintained a position within the top 10 in daily trading volume. It seems that using USD stablecoins to trade traditional commodity contracts is not a false demand, but has become the main product for various cryptocurrency exchanges this year.
In less than 3 days, the WTI crude oil and Brent crude oil contracts that Binance previously launched ranked 24th and 30th in daily trading volume, surpassing the trading volumes of many altcoin contracts.

Meanwhile, gold and silver contracts consistently maintained a position within the top 10 in daily trading volume.

It seems that using USD stablecoins to trade traditional commodity contracts is not a false demand, but has become the main product for various cryptocurrency exchanges this year.
Haha, the first batch of practitioners who do research reports can't take it anymore. Announced a settlement before the market opened, then announced to continue fighting after the market closed. Tomorrow suddenly says there is hope, the other party is considering surrendering. Then, another missile flew over. This is not a novel, this is the current President of the United States, Trump.
Haha, the first batch of practitioners who do research reports can't take it anymore.

Announced a settlement before the market opened, then announced to continue fighting after the market closed.

Tomorrow suddenly says there is hope, the other party is considering surrendering. Then, another missile flew over.

This is not a novel, this is the current President of the United States, Trump.
Too abstract, the Economist's new weekly cover this week has the title: When your enemy is making a mistake, never interrupt him. Then it prints the two leaders of China and the United States on it.
Too abstract, the Economist's new weekly cover this week has the title: When your enemy is making a mistake, never interrupt him.

Then it prints the two leaders of China and the United States on it.
Win, won big! Trump stated in a nationwide speech that, The United States participated in World War I, which lasted for 1 year and 7 months. World War II lasted for 3 years and 8 months. The Korean War lasted for 3 years and 1 month. The Vietnam War lasted for 19 years and 5 months. And this time the Iran War has only lasted 32 days, he announced this as a great achievement during his term, and Americans should be grateful to him.
Win, won big! Trump stated in a nationwide speech that,

The United States participated in World War I, which lasted for 1 year and 7 months. World War II lasted for 3 years and 8 months. The Korean War lasted for 3 years and 1 month. The Vietnam War lasted for 19 years and 5 months.

And this time the Iran War has only lasted 32 days, he announced this as a great achievement during his term, and Americans should be grateful to him.
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