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Saul_律师
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Saul_律师

法律人|律师|DOGE持有者|时事评论员|加密分析师|投资有风险,开仓需谨慎|
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‘Sual Legal Lecture’ Is it illegal for individuals to play with virtual currency?In the current community, many people are curious, or in other words, puzzled about one thing. Is it illegal for me to trade cryptocurrencies after working so hard? Today Saul, I will explain it to you clearly in one breath! In the general public's perception, there is often a misunderstanding that 'individuals playing with virtual currency is illegal.' However, from the perspective of our current effective regulatory rules, the regulatory authorities have never outright banned all personal activities related to virtual currency. The core regulation targets illegal financial activities related to virtual currency that involve businesses and the public. The act of individuals merely holding and taking risks with their investments does not necessarily constitute an illegal act.

‘Sual Legal Lecture’ Is it illegal for individuals to play with virtual currency?

In the current community, many people are curious, or in other words, puzzled about one thing.
Is it illegal for me to trade cryptocurrencies after working so hard?
Today Saul, I will explain it to you clearly in one breath!
In the general public's perception, there is often a misunderstanding that 'individuals playing with virtual currency is illegal.' However, from the perspective of our current effective regulatory rules, the regulatory authorities have never outright banned all personal activities related to virtual currency. The core regulation targets illegal financial activities related to virtual currency that involve businesses and the public. The act of individuals merely holding and taking risks with their investments does not necessarily constitute an illegal act.
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With a valid certificate, please contact Sual, Better call Saul!
With a valid certificate, please contact Sual, Better call Saul!
$ACE Currently at this position you can place two orders According to the trend, it’s likely to drop a bit first, so you can place a short order first But overall the trend is to go up, so later you can place a long order For futures contracts, don’t be greedy—if you do that, you can make money! Short first, then long!!! {future}(ACEUSDT)
$ACE Currently at this position you can place two orders
According to the trend, it’s likely to drop a bit first, so you can place a short order first
But overall the trend is to go up, so later you can place a long order
For futures contracts, don’t be greedy—if you do that, you can make money!
Short first, then long!!!
Firmly do air-forces shorting! Firmly do air-forces shorting! $SPCX Don’t think that yesterday’s release from restriction means there’s no pressure. Timing-wise, it’s only calm before the storm! See 110, then 105, target 100! $SNDK Everyone thinks this is the bottom. With such a good-looking earnings report yesterday, there was no way to prop it up—so what else is there to think? See 1250, then 1240, target 1230! $BTC Lately it’s been hovering around 64,000, never really managing to rise. This shows how brutal the tug-of-war is near 64,000. It’s already fallen; get ready for a waterfall! {future}(BTCUSDT) {future}(SNDKUSDT) {future}(SPCXUSDT)
Firmly do air-forces shorting! Firmly do air-forces shorting!
$SPCX Don’t think that yesterday’s release from restriction means there’s no pressure. Timing-wise, it’s only calm before the storm! See 110, then 105, target 100!
$SNDK Everyone thinks this is the bottom. With such a good-looking earnings report yesterday, there was no way to prop it up—so what else is there to think? See 1250, then 1240, target 1230!
$BTC Lately it’s been hovering around 64,000, never really managing to rise. This shows how brutal the tug-of-war is near 64,000. It’s already fallen; get ready for a waterfall!
$HEI The final dance before the big player cashes out and exits Don’t think about getting on and making some money by eating meat Later, you’ll end up losing so badly that even your underwear is gone! Just leave it empty—nothing to say {future}(HEIUSDT)
$HEI The final dance before the big player cashes out and exits
Don’t think about getting on and making some money by eating meat
Later, you’ll end up losing so badly that even your underwear is gone!
Just leave it empty—nothing to say
4:00 AM on August 6, 2026 $SNDK The earnings report has been released Key points to pay attention to in this earnings report are: Quarterly revenue was $8.97 billion, up +372% year-over-year, exceeding market expectations; adjusted EPS was $39.25, significantly above estimates. Adjusted gross margin was 84.6%, and profitability improved significantly, but it’s hard to rule out a situation like <spcx>’s earnings report— First lure you in to get on board, then a rapid drop. On the surface, the data looks very good (like <Sandisk>’s), which makes it quite plausible that it’s misleading and could be used to trick investors. Plus, the recent international situation has been quite unstable. The key level is 1230: if it breaks below, then look at 1200. #sndk {future}(SNDKUSDT)
4:00 AM on August 6, 2026 $SNDK The earnings report has been released
Key points to pay attention to in this earnings report are:
Quarterly revenue was $8.97 billion, up +372% year-over-year, exceeding market expectations; adjusted EPS was $39.25, significantly above estimates.
Adjusted gross margin was 84.6%, and profitability improved significantly,
but it’s hard to rule out a situation like <spcx>’s earnings report—
First lure you in to get on board, then a rapid drop.
On the surface, the data looks very good (like <Sandisk>’s), which makes it quite plausible that it’s misleading and could be used to trick investors.
Plus, the recent international situation has been quite unstable.
The key level is 1230: if it breaks below, then look at 1200.
#sndk
At the moment, my biggest variable regarding $SPCX is the release schedule. The 911.5 million shares to be unlocked on August 6 are only the first batch. At subsequent milestones such as August 20 and September 9, there will be an additional 7% of shares unlocked over time. There are also up to 455.8 million shares with conditions for early unlocking, but due to the stock’s consecutive days of sharp selloff, those conditions can no longer be triggered. In the future, unless there is a major piece of good news, there’s no way to stop the plunge. The pressure level is 100—if it breaks below 100, you could see 60! #spcx {future}(SPCXUSDT)
At the moment, my biggest variable regarding $SPCX is the release schedule.
The 911.5 million shares to be unlocked on August 6 are only the first batch.
At subsequent milestones such as August 20 and September 9,
there will be an additional 7% of shares unlocked over time.
There are also up to 455.8 million shares with conditions for early unlocking,
but due to the stock’s consecutive days of sharp selloff, those conditions can no longer be triggered.
In the future, unless there is a major piece of good news,
there’s no way to stop the plunge.
The pressure level is 100—if it breaks below 100, you could see 60!
#spcx
The coins delisted by $HFT all follow the same pattern Before delisting, it feels like they pump the price and dump a batch Then it just falls off a cliff So there’s no need to overthink it Just short it! {future}(HFTUSDT)
The coins delisted by $HFT all follow the same pattern
Before delisting, it feels like they pump the price and dump a batch
Then it just falls off a cliff
So there’s no need to overthink it
Just short it!
Verified
The current event is at its last day. Current ranking: 16 As the event draws to a close, I feel that the token price momentum is getting weaker. But I think this month’s trend is only temporary. Because @babylonlabs_io , Babylon’s Trustless Bitcoin Vaults (TBV) introduced, uses a verifiable mechanism to enable BTC to have more programmability while maintaining its native security model. Without saying anything else, just look at the advantages in these points. If it rises later, it’s only a matter of time. These advantages of #baby $BABY will surely help build a more bullish new landscape for BTC. Let’s wait and see!
The current event is at its last day.
Current ranking: 16
As the event draws to a close,
I feel that the token price momentum is getting weaker.
But I think this month’s trend is only temporary.
Because @BabylonLabs_io ,
Babylon’s Trustless Bitcoin Vaults (TBV) introduced,
uses a verifiable mechanism to enable BTC to have more programmability while maintaining its native security model.
Without saying anything else, just look at the advantages in these points.
If it rises later, it’s only a matter of time.
These advantages of #baby $BABY will surely help build a more bullish new landscape for BTC. Let’s wait and see!
$HEI The coins that surge so fast are inevitably going to face one result that is, they fall back and then keep falling Just short it directly! {future}(HEIUSDT)
$HEI The coins that surge so fast are inevitably going to face one result
that is, they fall back
and then keep falling
Just short it directly!
$VIC Before dying, there must definitely still be a new wave of upside—let’s place a small-position long order right away! {future}(VICUSDT)
$VIC Before dying, there must definitely still be a new wave of upside—let’s place a small-position long order right away!
There’s one day left until the end. I don’t know whether I’ll be able to get the $200 reward in the end—I hope I can!😂 Babylon Trustless Bitcoin Vaults (TBV) is one point I’m paying particular attention to: it’s not simply about extending an application, but about exploring asset management capabilities at a deeper layer within the Bitcoin ecosystem. 📌 Security is the foundation. One of BTC’s greatest values is security and decentralization. TBV focuses on how to reduce reliance on trust, making asset management more transparent and verifiable. 📌 Ecosystem development is key. How far an infrastructure project can go ultimately depends on whether it can attract developers, wallets, and participation from more protocols—not on short-term hype. 📌 Long-term value comes from execution. I’d rather focus on the subsequent technological progress and ecosystem building after @babylonlabs_io , and see whether TBV can become an important piece of infrastructure in the Bitcoin ecosystem. The market has new hot topics every day, but projects that are truly valuable usually need time to be proven. Looking forward to the continued development of $BABY . #baby
There’s one day left until the end. I don’t know whether I’ll be able to get the $200 reward in the end—I hope I can!😂

Babylon Trustless Bitcoin Vaults (TBV) is one point I’m paying particular attention to: it’s not simply about extending an application, but about exploring asset management capabilities at a deeper layer within the Bitcoin ecosystem.

📌 Security is the foundation.
One of BTC’s greatest values is security and decentralization. TBV focuses on how to reduce reliance on trust, making asset management more transparent and verifiable.

📌 Ecosystem development is key.
How far an infrastructure project can go ultimately depends on whether it can attract developers, wallets, and participation from more protocols—not on short-term hype.

📌 Long-term value comes from execution.
I’d rather focus on the subsequent technological progress and ecosystem building after @BabylonLabs_io , and see whether TBV can become an important piece of infrastructure in the Bitcoin ecosystem.

The market has new hot topics every day, but projects that are truly valuable usually need time to be proven. Looking forward to the continued development of $BABY . #baby
MD does it make sense that it keeps falling every day? Can’t you go up once? Useless project! $ASTER {future}(ASTERUSDT)
MD does it make sense that it keeps falling every day?
Can’t you go up once?
Useless project! $ASTER
Verified
Why is everyone talking about $BABY? Many people are talking about airdrops, price, and hype, but I think those are only surface-level factors. What truly deserves attention is the problem that @babylonlabs_io is trying to solve: how to enable native BTC to participate in broader on-chain financial scenarios without relying on custodians and without needing cross-chain wrapping. The Trustless Bitcoin Vaults (TBV) introduced by Babylon focus on using verifiable mechanisms so that BTC can retain its native security model while gaining more programmability. The TBV ecosystem is also continuously evolving, including ongoing explorations of integrations with DeFi use cases—such as proposals related to Aave V4—and more collaboration directions. I believe the long-term value of baby depends more on protocol adoption, the developer ecosystem, and real-world application deployment than on short-term market sentiment. If TBV can keep expanding its ecosystem coverage, baby’s role will also grow gradually as the broader Bitcoin infrastructure develops. #baby $BABY
Why is everyone talking about $BABY ?

Many people are talking about airdrops, price, and hype, but I think those are only surface-level factors.

What truly deserves attention is the problem that @BabylonLabs_io is trying to solve: how to enable native BTC to participate in broader on-chain financial scenarios without relying on custodians and without needing cross-chain wrapping.

The Trustless Bitcoin Vaults (TBV) introduced by Babylon focus on using verifiable mechanisms so that BTC can retain its native security model while gaining more programmability.

The TBV ecosystem is also continuously evolving, including ongoing explorations of integrations with DeFi use cases—such as proposals related to Aave V4—and more collaboration directions.

I believe the long-term value of baby depends more on protocol adoption, the developer ecosystem, and real-world application deployment than on short-term market sentiment. If TBV can keep expanding its ecosystem coverage, baby’s role will also grow gradually as the broader Bitcoin infrastructure develops. #baby $BABY
$DEXE A project that gets pulled up for no reason It will definitely crash for no reason Don’t think this is the bottom now When you think it’s the bottom, that’s when the experts are about to harvest you There is still a possibility of further downside below the current level! Go short directly!
$DEXE A project that gets pulled up for no reason
It will definitely crash for no reason
Don’t think this is the bottom now
When you think it’s the bottom,
that’s when the experts are about to harvest you
There is still a possibility of further downside below the current level! Go short directly!
Verified
Three days left until the task ends—I don’t know if I can lock it in稳一手.😂 While browsing the Binance Square, I noticed a pattern: when many people analyze a project, their first question is “How much can it go up?” But for infrastructure projects, that question isn’t actually the most important one. In my view, for this kind of project, you should first look at three dimensions. 📍 First, whether it solves a fundamental problem. Babylon Trustless Bitcoin Vaults (TBV) launched by @babylonlabs_io focuses on core capabilities like security and verifiability in Bitcoin asset management, rather than simply adding a new feature. 📍 Second, whether the technology is scalable. Whether a protocol can support more wallets, developer tools, and integrations with other protocols matters more than a single product being “better.” For infrastructure, only if it forms an open ecosystem can value keep compounding over time. 📍 Third, the construction pace. For projects like this, I won’t just pay attention to short-term hype. I’ll keep observing protocol iterations, developer participation, and ecosystem partnerships. These factors are what truly reflect the long-term support logic behind $BABY . I think when analyzing infrastructure projects, you should look more at the protocol itself and less at short-term market sentiment. #baby
Three days left until the task ends—I don’t know if I can lock it in稳一手.😂

While browsing the Binance Square, I noticed a pattern: when many people analyze a project, their first question is “How much can it go up?” But for infrastructure projects, that question isn’t actually the most important one.

In my view, for this kind of project, you should first look at three dimensions.

📍 First, whether it solves a fundamental problem.
Babylon Trustless Bitcoin Vaults (TBV) launched by @BabylonLabs_io focuses on core capabilities like security and verifiability in Bitcoin asset management, rather than simply adding a new feature.

📍 Second, whether the technology is scalable.
Whether a protocol can support more wallets, developer tools, and integrations with other protocols matters more than a single product being “better.” For infrastructure, only if it forms an open ecosystem can value keep compounding over time.

📍 Third, the construction pace.
For projects like this, I won’t just pay attention to short-term hype. I’ll keep observing protocol iterations, developer participation, and ecosystem partnerships. These factors are what truly reflect the long-term support logic behind $BABY .

I think when analyzing infrastructure projects, you should look more at the protocol itself and less at short-term market sentiment. #baby
Verified
To be honest, over the past few days scrolling through the Binance Square, I’ve found that a lot of people are writing about this task in a highly homogeneous way. Many posts repeatedly mention a few keywords, but very few actually analyze the positioning of Babylon Trustless Bitcoin Vaults (TBV). If you stay only at the conceptual level, it’s really hard to understand its value. After looking into some materials, my understanding of @babylonlabs_io is: TBV is essentially exploring an asset management framework that better aligns with Bitcoin’s native security model, rather than being an independent financial product. Its core value mainly lies in three aspects. 🌟 First, it minimizes trust assumptions. One of TBV’s design goals is to reduce reliance on centralized custodians as much as possible, so that users retain control over their assets, while still preserving the security boundaries of the Bitcoin network. This is what “Trustless” truly means—not just a marketing phrase. 🌞 Second, verifiability. For infrastructure, merely guaranteeing security is not enough; key states and operations also need to be verifiable. On-chain verification mechanisms improve system transparency, laying the foundation for subsequent risk audits, asset attestations, and cross-protocol collaboration. 🌛 Third, composability of the infrastructure. The long-term value of a foundational protocol largely depends on whether it can be integrated by other protocols, wallets, and development tools. Only when it forms standardized, open underlying capabilities can it generate real network effects, rather than being limited to a single application scenario. Therefore, I’m more inclined to view TBV as one part of the ongoing evolution of Bitcoin infrastructure. For projects like this, short-term market hype is not the most important thing; what’s worth paying attention to is whether the protocol design is sound, whether the developer ecosystem is continuously expanding, and whether it can support more real-world applications in the future. #baby $BABY
To be honest, over the past few days scrolling through the Binance Square, I’ve found that a lot of people are writing about this task in a highly homogeneous way.

Many posts repeatedly mention a few keywords, but very few actually analyze the positioning of Babylon Trustless Bitcoin Vaults (TBV). If you stay only at the conceptual level, it’s really hard to understand its value.

After looking into some materials, my understanding of @BabylonLabs_io is: TBV is essentially exploring an asset management framework that better aligns with Bitcoin’s native security model, rather than being an independent financial product.

Its core value mainly lies in three aspects.

🌟 First, it minimizes trust assumptions.
One of TBV’s design goals is to reduce reliance on centralized custodians as much as possible, so that users retain control over their assets, while still preserving the security boundaries of the Bitcoin network. This is what “Trustless” truly means—not just a marketing phrase.

🌞 Second, verifiability.
For infrastructure, merely guaranteeing security is not enough; key states and operations also need to be verifiable. On-chain verification mechanisms improve system transparency, laying the foundation for subsequent risk audits, asset attestations, and cross-protocol collaboration.

🌛 Third, composability of the infrastructure.
The long-term value of a foundational protocol largely depends on whether it can be integrated by other protocols, wallets, and development tools. Only when it forms standardized, open underlying capabilities can it generate real network effects, rather than being limited to a single application scenario.

Therefore, I’m more inclined to view TBV as one part of the ongoing evolution of Bitcoin infrastructure. For projects like this, short-term market hype is not the most important thing; what’s worth paying attention to is whether the protocol design is sound, whether the developer ecosystem is continuously expanding, and whether it can support more real-world applications in the future.
#baby $BABY
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Bullish
Verified
I didn’t plan to write this early today, but when I opened the Binance Square, I saw everyone already starting to update. It instantly put a bit of pressure on me.😂 After writing for so many days, I’ve also started trying to understand Baby from an infrastructure perspective, rather than focusing only on the project’s own hype. One thing about TBV (Babylon Trustless Bitcoin Vaults) that I’m paying more attention to is that it puts emphasis on minimizing trust assumptions (Trustless). For the Bitcoin ecosystem, asset security has always been the most core issue, and reducing reliance on third-party custody is also a direction many infrastructure teams continue to explore. Also, TBV feels more like a foundational capability than a single application. Whether a base-layer protocol is valuable isn’t determined by the number of users in the short term, but by whether it has openness and composability—whether it can provide unified, secure foundational capabilities for wallets, custody solutions, and future more Bitcoin-native applications. This is also the biggest difference between infrastructure projects and ordinary application projects. From the perspective of ecosystem development, the Bitcoin network is gradually expanding from simply being a store of value into more financial and on-chain applications. In this process, the importance of security, verifiability, and asset control rights will only keep increasing. Projects that continue to invest in these core issues are often more worth watching long term. At the moment, I’m less concerned with short-term market sentiment, and more focused on how @babylonlabs_io will continue to improve TBV’s technical capabilities, developer ecosystem, and real-world deployment. For infrastructure, these metrics better reflect long-term value than short-term hype. #baby $BABY
I didn’t plan to write this early today, but when I opened the Binance Square, I saw everyone already starting to update. It instantly put a bit of pressure on me.😂

After writing for so many days, I’ve also started trying to understand Baby from an infrastructure perspective, rather than focusing only on the project’s own hype.

One thing about TBV (Babylon Trustless Bitcoin Vaults) that I’m paying more attention to is that it puts emphasis on minimizing trust assumptions (Trustless). For the Bitcoin ecosystem, asset security has always been the most core issue, and reducing reliance on third-party custody is also a direction many infrastructure teams continue to explore.

Also, TBV feels more like a foundational capability than a single application. Whether a base-layer protocol is valuable isn’t determined by the number of users in the short term, but by whether it has openness and composability—whether it can provide unified, secure foundational capabilities for wallets, custody solutions, and future more Bitcoin-native applications. This is also the biggest difference between infrastructure projects and ordinary application projects.

From the perspective of ecosystem development, the Bitcoin network is gradually expanding from simply being a store of value into more financial and on-chain applications. In this process, the importance of security, verifiability, and asset control rights will only keep increasing. Projects that continue to invest in these core issues are often more worth watching long term.

At the moment, I’m less concerned with short-term market sentiment, and more focused on how @BabylonLabs_io will continue to improve TBV’s technical capabilities, developer ecosystem, and real-world deployment. For infrastructure, these metrics better reflect long-term value than short-term hype.
#baby $BABY
Today I almost forgot to clock in. Then, while browsing the Binance Square, it suddenly came to me: “I still haven’t written this.” At first, I thought I’d just jot down a couple of sentences to complete the task. But later I went back and re-read the information about @babylonlabs_io , and realized that if you look at the same thing from different angles every day, the ideas really do change. I noticed that in the past, when I looked at a project, I always liked to start by checking whether there were any hot topics and whether people were discussing it. Now, I’m actually more willing to first figure out what problem it’s trying to solve. Babylon Trustless Bitcoin Vaults (TBV) gives me the feeling that it doesn’t rush to tell you how big the future possibilities might be. Instead, it addresses a very realistic question first: if you keep holding BTC, how can you manage your assets in a way that’s more secure and more transparent? Often, what an ecosystem truly lacks isn’t just concepts, but someone who’s willing to do those less obvious yet necessary things well. That’s what infrastructure is like: it doesn’t have much visibility day to day, but when more and more applications connect to it, its importance gradually becomes clear. Of course, it’s still too early to draw conclusions. What a project ultimately becomes depends on the subsequent product iterations and the development of the ecosystem. Still, I really like this kind of pace of moving forward step by step, rather than relying only on a few days of hype. Anyway, you have to participate in the event every day. Rather than copy-paste, it’s better to take the opportunity to learn about a project. Maybe when you look back later, you’ll find that what you paid attention to today has already turned into an important piece of the Bitcoin ecosystem’s puzzle. #baby $BABY
Today I almost forgot to clock in. Then, while browsing the Binance Square, it suddenly came to me: “I still haven’t written this.”

At first, I thought I’d just jot down a couple of sentences to complete the task. But later I went back and re-read the information about @BabylonLabs_io , and realized that if you look at the same thing from different angles every day, the ideas really do change.

I noticed that in the past, when I looked at a project, I always liked to start by checking whether there were any hot topics and whether people were discussing it. Now, I’m actually more willing to first figure out what problem it’s trying to solve.

Babylon Trustless Bitcoin Vaults (TBV) gives me the feeling that it doesn’t rush to tell you how big the future possibilities might be. Instead, it addresses a very realistic question first: if you keep holding BTC, how can you manage your assets in a way that’s more secure and more transparent?

Often, what an ecosystem truly lacks isn’t just concepts, but someone who’s willing to do those less obvious yet necessary things well. That’s what infrastructure is like: it doesn’t have much visibility day to day, but when more and more applications connect to it, its importance gradually becomes clear.

Of course, it’s still too early to draw conclusions. What a project ultimately becomes depends on the subsequent product iterations and the development of the ecosystem. Still, I really like this kind of pace of moving forward step by step, rather than relying only on a few days of hype.

Anyway, you have to participate in the event every day. Rather than copy-paste, it’s better to take the opportunity to learn about a project. Maybe when you look back later, you’ll find that what you paid attention to today has already turned into an important piece of the Bitcoin ecosystem’s puzzle.
#baby $BABY
Waste is waste Never touch the China-chinese projects again When the market drops, it drops too; when the market rises, it still drops I even doubt if the project team is疯狂ly selling
Waste is waste
Never touch the China-chinese projects again
When the market drops, it drops too; when the market rises, it still drops
I even doubt if the project team is疯狂ly selling
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