林克Clean

I interviewed Binance CEO He Yi. @Yi He
In this conversation, her expression was direct and clear:
"Now is just the second step of the Long March."
"You must learn to surf 5G, you must not let yourself become outdated."
"Every generation has its own secrets to success; this year's secrets do not have gray hair."
2025 is approaching its end.
This year, there were highlights and also regrets.
Choosing to launch the third episode of "Crypto Call" at this moment
is due to some insights from this year,
in the dialogue with He Yi, which became particularly clear.
An eight-year mindset of a builder, constantly answering questions and submitting papers.
Perhaps this is the key to traversing bull and bear markets while maintaining competitiveness.

The future of the crypto industry can never be accurately predicted.
Next, it could be a year of quiet and stillness;
it could also be the starting point of the next cycle.
A vast world, full of opportunities.
2026 is coming,
are you ready?

BNB

PINNED

Bullish

I have held Bitcoin for 10 years, and this Binance account is the same age as Binance itself. I registered in July 2017 when Binance launched. Today, I found a post from 2016 when I bought Bitcoin for over 524,649,986,103,000 RMB. At the end of that year, Trump was elected as the President of the United States for the first time, and the price of Bitcoin surged to over 7,000 RMB. I sold off more than half, making a profit of more than double. That was the time I sold the most Bitcoin. Low cost but unable to hold, the limitation of understanding is just the surface. The deeper reason is that Bitcoin has become a container for consuming imagination, carrying a future narrative far beyond my initial understanding.
Observing the Bitcoin whales around me, most of them earn Bitcoin through work. The cost is not the fiat currency used to buy it, but the realization of abilities and resources. Therefore, the cost of fiat currency is original sin, and anchoring prices is a mental demon. The best way is to make your abilities and value become mining machines, directly exchanging labor value for Bitcoin. Without buying points or selling points, one can traverse bulls and bears and stand firm in the torrent of time.

Huh? Did the police officer steal 20.98 million in encrypted assets from the suspect to trade cryptocurrencies?
I saw a lawyer's public account disclose: Officer Yan took advantage of his position in handling a pyramid scheme case to obtain the wallet accounts and private keys from the phones/computers of suspects Zhang and Liao.
He privately kept the keys, deliberately deleted device records, and then submitted the phone.
After being transferred from the special investigation team, he quickly moved the assets and then went to open contracts 😂
Ultimately sentenced to 11 years, fined 500,000, and deprived of political rights for 2 years.

In the world of adults, values indeed follow profits.

My photographer friend still reminisces about the most intense period of the Russia-Ukraine war.

At that time, the consumption of drones on the battlefield was tremendous, and DJI strictly limited the export of new machines to the warring countries, leading the Ukrainian military to frantically purchase second-hand and refurbished drones.

Demand surged explosively, new machine channels were completely blocked, and the prices of second-hand stock machines were rapidly driven up. For a while, second-hand stock was even more expensive than new ones, creating a price inversion.

He made over 2 million in a year just by trading second-hand drones.

ETH market makers suddenly malfunctioned, with prices soaring and plummeting within the $2030-$2060 range in seconds, repeatedly fluctuating like a ghost drawing symbols for a full 20 minutes. Some traders reported easily profiting using grid strategies, making hundreds of thousands of dollars, while others who only made $50,000 felt embarrassed to post.

It's really a bear market, so many troubles.

Just now, a bug appeared with the market maker, causing spikes up and down. Some bloggers pulled out over a hundred thousand U at once. Actually, setting up an automatic grid at this time would be awesome, printing money like crazy in just a few minutes!

Bitcoin fell by 50% over 4 months, while silver fell by 45% in just a week. Looking at it this way, don't the brothers in the crypto circle feel a bit better?

Explosive! The traffic has already exploded. NBA superstar Giannis Antetokounmpo officially announced his investment and became a shareholder in Kalshi, the largest prediction market platform in the United States, while joining the company as a partner.
This also means: an MVP-level superstar who dominates the court in the NBA now holds shares in a platform that allows global users to bet on NBA game results (including wins and losses, player performance, trade rumors, etc.).
While he is fighting hard on the court, he is also 'betting' on his league off the court—what a move?
Both Kalshi officials and Giannis himself emphasize: as a shareholder, he is strictly prohibited from participating in any NBA-related market transactions to avoid conflicts of interest.
But it must be said, when this news broke, the Chinese internet and English-speaking circles exploded:
"The players have finally started to 'gamble on games'?"

Trump released a video targeting Obama's racial discrimination, and the White House claimed it was sent by mistake by staff, and it has now been deleted. This explanation is no different from that of a temporary worker, but at first glance, Trump is clearly a racist.

Has the market situation forced even the veterans in the crypto world to this extent? It's all so mysterious.

ZEC

The policy has come out again to crack down on virtual currencies.
However, speculating on coins is not illegal in China; it is judicially defined as "violating public order and good customs."
What kind of scale is this? It's similar to engaging in prostitution or keeping a college student.
It is neither encouraged nor punished, but the system does not provide a safety net; if something goes wrong, you just bear the consequences yourself.

I plan to buy some $PENDLE in batches because my brother has lost 2 million in this project, his cost price was 2.5 dollars, and now it has halved
#何时抄底？

PENDLE

Want to have a good year, first rule: if you're not sure, don't touch contracts, and especially don't go all in with leverage. This market has already emptied too many people's wallets. First, earn money by steadily buying spot, and that's the proper starting point.

林克Clean

If there is a big rebound before the New Year, many people will probably curse.
In just two weeks, the price of the coin fluctuated, but the position disappeared 😂

Yi Lihua held a position of $ETH from a peak of 650,000 Ethereum, reduced to the current 100,000 Ethereum.

The first time I heard of Yi Lihua was because of the public dispute he had with "Bitcoin Godfather" Li Xiaolai in 2018. At that time, Li Xiaolai claimed to have an eight-figure Bitcoin fortune and was one of the most famous figures.
Yi Lihua was pushed into the public eye because of Li Xiaolai, and that was when he first became well-known to everyone.
In the same year, there was a roundtable forum in Zhongguancun that I couldn't attend, so I had my assistant attend in my place. The assistant recorded all the guests' speeches in detail, and I casually saved it in my WeChat favorites. Looking back, it's already been eight years.
The next time I saw Yi Lihua was last April in Hong Kong. He mentioned that he wanted to seriously manage his Twitter account; at that time, he had only about 2,000 followers. In less than a year, he now has over 70,000 and has once again become a hot topic.
However, the price of this trending search is indeed a bit high 😂

If there is a big rebound before the New Year, many people will probably curse.
In just two weeks, the price of the coin fluctuated, but the position disappeared 😂

Look at the short essay Sun Yuchen wrote for his ex-girlfriend; he truly deserves to be a Peking University graduate.
Brother Sun is so wealthy, yet he still adheres to "save where you can, spend where you must"; if it can be typed out, he definitely won't spend money.

During the massive crash, the central bank stepped in to take action, personal cryptocurrency trading is not illegal.
When prices rise, they remain silent, but as soon as there’s a crash, they immediately step in to intervene 😂
The document repeatedly emphasizes: investing in virtual currencies is at your own risk.
The contract is invalid, but it also indicates that personal investment is neither illegal nor against regulations; just don’t lose money and seek to defend your rights, that’s enough to give them trouble.

Bitcoin's largest institution Saylor has lost 3.6 billion USD (23%)
Ethereum's largest institution Tom Lee has an unrealized loss of 7.4 billion USD (52.6%)
Eli Hua's fund has also lost 1.2 billion USD (liquidation point approaching)