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 "You must learn to surf 5G, you must not let yourself become outdated."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?
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.
It's also the first time I've seen Sun Yuchen suffer like this, not calling for legal sanctions, not holding a press conference to diss.
At that time, Brother Sun bet on the Trump ecosystem, investing 75 million dollars, not for investment, wasn't this a token of loyalty, or a threshold fee?
The VIP dinner, SEC withdrawing the lawsuit, Tron integrating with WLFI's stablecoin, all tied to interests. Brother Sun is the largest holder of $Trump, despite such a large unrealized loss, he has no complaints, as his intention wasn't to make money, right? $WLFI is locked, why does he not want this political insurance? Is there some unspeakable secret? Because this amount of money is not a fatal loss for Brother Sun. Moreover, both sides know that if they really go to court, completely tearing apart would not be worth it; as number one becoming a rival in this area, Brother Sun should have plenty of experience.
What's even more puzzling is the stablecoin situation, where both ecosystems are clearly competing for traffic and scenarios. USD1 has been holding events to increase wealth management returns, but in Brother Sun's ecosystem's exchange, it additionally subsidized, with USD1's high-interest demand deposits leading the way.
While tearing each other apart, they are also cooperating, Brother Sun reminds me of that famous saying:
"If you can't kill me with a single shot, and I survive, we can still do business together, as long as the price is fair~"
The price of the rave is already like this, it's time to test your mentality. "Missed trades incur no cost, but reckless trades might make you lose everything."
I highly recommend Web3 newcomers to attend meetups. Of course, not to crowd in the main venue to listen to speeches, but to meet online friends and get to know some people you want to connect with. This is the most valuable part.
Offline communication can greatly broaden your understanding of the industry, allowing you to move beyond your own small circle. But don't expect to directly obtain the "wealth code" or profit just by attending, it's already good if you don't get targeted for a scam 😂. However, many new perspectives and significant insights often come from these unintentional conversations; listening to different viewpoints leads to clarity.
Don't be shy; encountering rude people is common, as the quality in this industry varies. Just ignore them; this is not an obstacle.
Be clear about your action plan. When you see someone you want to meet, boldly go over and say hello. Once you've met, they are no longer just an online friend; making a good impression is very important.
If you're very interested, find an engaging friend or group member; in any case, attending will definitely be rewarding. Don't be afraid of rejection; being proactive is not embarrassing.
Taking the first step is very important; please don't be shy when the time comes.
It's just that he casually issued a few assets with his name and presidential identity. But the global 'chives' are lining up to hand over their money! Money that comes to your door, how can you not accept it? "You want to use me to make money, I want to make your money, it's just a game, there's no one cutting anyone else".
He was forced to lie down and collect over a billion in cash + billions in paper assets. You have crypto dreams? Well, I have a pocket, just stuff it in there. What do you say? Before taking office, I promised to make America a crypto powerhouse? Brother, you heard wrong, I said to make the Trump family the kings of crypto.
You want decentralization? Crypto equality? Sorry, let me show you the iron fist of power, that's how it goes. 🙃
Hong Kong has issued a compliant stablecoin license to HSBC and joint ventures, with the primary aim of moving the traditional Hong Kong dollar 'on-chain' for institutional-level real business scenarios, rather than for retail speculation. Core uses include: On-chain real-time payments and settlements for banks and corporate clients, atomic settlement of real-world assets (RWA), cross-border B2B trade payments, and supply chain finance; as well as Web3 institutional scenarios.
In simple terms, it provides banks and traditional financial institutions with a regulated on-chain Hong Kong dollar tool to help them reduce settlement costs and improve efficiency, while establishing Hong Kong as an 'Asian compliant on-chain currency hub'. In the short term, it will mainly be used by large institutions and enterprises, with very few retail applications, representing a slowly warming infrastructure-type business. For the cryptocurrency sector, there are no significant benefits.
The cryptocurrency world has this advantage: there are no shackles of public image, nor is there oversight from mainstream media. Here, everyone can be themselves and freely express their dissatisfaction. Whoever you can attract depends entirely on your personal charm and corporate culture. Everyone arrives from humble beginnings, but the industry presents constant challenges; no one can rest on their laurels and stay at the table; it requires everyone to rely on their own abilities.
The book is finished, and it has brought back many memories. When Binance launched in 2017, we were still in a competitive relationship. Every key point mentioned in the book feels particularly familiar; it reminds me of my young and reckless self back then, standing at the forefront, constantly reflecting on what I was busy with at that time, what I missed, and what kind of ambitions I held. Recalling the glorious and tumultuous years of the past.
A person's destiny certainly relies on self-struggle, but it also needs to take into account the course of history. Achieving a profit of 1 billion dollars in the first year of establishment, is a result of the bull market combined with the historical window of the 94 regulations. CZ @CZ made the right choice at the right moment, which should be what the subtitle refers to as “luck.”
At that time, Binance, which had just been born, left me with two impressions. One is the trading experience, which was striking; the book explains that this was achieved through rapid iteration, small teams, and high execution, quickly addressing early operational pressures. The other is the customer service team. Previously, the customer service of exchanges was very mechanical; one could say that the spirit of Binance's customer service was formed from the moment of its inception.
The book mentions that the Chinese name “Binance” was casually suggested by sister @Yi He , and the team made a decision on the spot.
Until today, this is probably the only trading platform that has never changed its brand name since its establishment.
Life requires a gamble. Trump is no exception; through unpredictability, a lack of fear of being contradicted, and no boundaries, he has maximized short-term profits. During his second term, his net worth has increased to about $6.5 billion, with an increase of $1.4 billion in the past year, and the family's total profit is estimated to exceed $4 billion. In his position, he seeks his own interests; the power cycle lasts only 4 years. What moral concepts, reputation overdrafts, and future evaluations are all unimportant, real money is what lasts forever.
In a murder case, if one spouse is killed, the probability that the other spouse is the murderer is very high; criminal investigation will always list the spouse as the primary suspect.
Similarly, in the cryptocurrency DeFi projects, when it is suddenly announced that funds have been stolen by hackers, if you claim that it's all just internal theft and execute the project leaders one by one, that would definitely wrongfully accuse innocent people. But if you execute one and let another go, there will definitely be some fish that slip through the net.
Capital accumulation represents the level of user trust. Although everyone knows "Not your keys, not your coins", many people still keep their assets on exchanges for convenience. Besides recognition of the brand and platform, there is another crucial reason: compensation ability. Can this exchange guarantee asset security and have the ability to compensate? Looking at the data, the first place is far ahead, users have made choices with real money, which is the result of capital voting. The most trusted exchange is Binance #Binance
Portable, durable, easily liquidated, no serial number, high global demand, difficult to trace, it almost has all the ideal physical currency attributes of the dark web.
There are rumors that the Kurdish people in Syria use LEGO to exchange for rocket launchers, drugs, weapons...
The annualized return rate for discontinued sets starts at 10%, with some rare models far exceeding gold, stocks, and cryptocurrencies.
Tell a story about a missed opportunity, where the protagonist directly missed out on billions. A few days ago, I saw someone say that Li Lin sold Huobi for 1 billion USD, which was quite regrettable. Here’s a worse case.
This guy started a business with a few people and was a shareholder and legal person of a cryptocurrency exchange. He struggled until 2016 when the cryptocurrency market began to show some signs of improvement, but it hadn't truly exploded yet. The exchange had not developed well, with only about 20 employees, and the office space was just over 100 square meters, with rough revenue. He couldn't stand this uncertain life any longer, feeling a bit restless, and decided to exit, to start a new venture, leveraging his marketing expertise.
After communicating his exit, he immediately opened a P2P marketing company right next door to this exchange. At that time, he was full of ambition, and the marketing company almost took over an entire floor (except for that 100 square meters of the exchange). He switched to a sports car, reportedly because he had befriended a wealthy woman.
The following year, 2017, the cryptocurrency market exploded. The exchange he had just exited saw its revenue grow exponentially, like it was on a rocket. Employees surged from 20 to over 100, and the office space became insufficient, while the P2P business plummeted, leading both companies to swap office spaces.
The exchange staff were overjoyed; not to mention the transaction fees, the listing fee started at 500 $BTC. Some project teams even threw in 1500 BTC just to get listed first. If he had held on for a year, he would have at least ended up with several thousand bitcoins and various revenue shares. Or, if he hadn't befriended that wealthy woman and continued to dig deeper into the cryptocurrency market, the outcome would have been entirely different.
But life has no ifs.
Later, unable to bear the resentment and anger in his heart, he packaged the P2P company's business and issued a token. As a result, he neither raised much money nor gained any significant attention. Moreover, the new company insisted on opening next to the previous one; at that time, he was so glamorous, but later he became so downtrodden. He returned discreetly to his old employer to discuss listing matters. Clearly, they still accepted his listing fee because that project had no independent capability to get listed, relying solely on connections.
When the exchange was winding down, he sold off those tokens from promotional activities, which were originally worthless projects, and withdrew over 800,000.
Thus, he faded out of everyone's sight. The cryptocurrency world never saw any news about him again.
"Dare to think and act, when there's an opportunity, go all in; it's the fastest way for ordinary people to become wealthy." This is what Brother Sun has always emphasized, and in fact, he has done just that:
Zhang Xue has become popular, and a group of reporters sought connections to interview him. One of the reporters asked
"As an outsider starting a business in Chongqing, what policies, industry chains, or talent support has Chongqing provided you?"
Zhang Xue: "To be honest, none, not a single cent."
The comments section says that Zhang Xue's personality is too straightforward and offends people.
In fact, if government departments can really refrain from managing business operations and don't interfere after someone becomes popular, that is the greatest support of all 😂
A live stream reward of 100,000 U is no longer enough to watch. Now there is one for 200,000 and 300,000. Please, everyone, don't go too far; creating a persona also requires some basic principles. You have to force #Binance Square to launch a reward commission function, right? The original intention of the Square not to participate in the reward sharing is to encourage everyone to host more live streams and share well. You are doing well, knowing that this way there is no wear and tear, directly transferring from left hand to right hand, using a small account to reward yourself over 200,000 U.
With your trading results, how much can you earn for the boss? Rewarding over 1 million RMB to thank you?
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