凯林

The dogecoin economy in the crypto world has officially collapsed!

I have always kept my distance from Emeng. Although he is the lucky one in this cycle of the Binance cult, and knows how to win people over by giving gifts everywhere, he is ultimately too young and his performance is too ostentatious.

Upon reflection, BN and OK have been at odds in the industry for decades, and both sides remain safe and sound, with the market size growing larger, indicating that they have withstood the test of the market.

In the previous positive cycle of incremental growth, they were both competitors supervising each other and teammates working together to enlarge the crypto pie.

However, this year the crypto performance has not been good, so in order to grab the limited existing resources, the frequency and intensity of their bickering have increased under the pressure of the market.

Nevertheless, there is a bottom line that must not be crossed:

Users are paramount!

The video that Emeng forwarded appears to be mocking Lao Xu and Wang Duan Niao, but in reality, it steps on all OK users. I understand his anxiety over declining traffic and his desire to gain traffic through “pulling down,” but this is not just a problem for an individual account, but a dilemma faced by the entire industry's accounts.

At the same time, it is very foolish that the timing of his provocations did not attract BN users; recently, BNB's performance relative to OKB can be described as fifty steps laughing at a hundred steps. Such self-deceiving behavior will not have anyone standing on your side.

Emeng is probably still in a daze, first being cut off cleanly by the sister, and then being directly locked and criticized by the entire internet.

Finally, I want to say, as a member of the CT community, building is never achieved through flattery, but through continuous and honest advice that may be hard to hear.

Crypto is an open and transparent ledger; it never needs the embellishments of sugar-coated bullets, but truly requires real guns and bullets of innovation.

Here’s to all the real Builders 🫡

Two days ago, a whale that liquidated 230 million USD on 10.11 transferred 69.08 million U to a Binance recharge address associated with Yi Li Hua.

This is quite intriguing, indicating that Yi Li Hua and the LP behind this whale are the same person. So who could this person be? According to the exposure analysis by Bao Er Ye:

This person is an OG who got involved in Bitcoin in 2013, has been rumored to have been detained, and later moved to Hong Kong.

Among those who meet these criteria, I know of two: former Huobi founder Li Lin and former OTC era tycoon Zhao Dong. Now Li Lin has already issued a statement on social media denying this, so could this mysterious OG be Zhao Dong?

Last night was probably another difficult night for Yi Lihua. His company, Trend Research, has added 35,000 ETH to Binance to reduce leverage, worth $78.7M

I calculated that since February, Huazi has deposited a total of 160,000 ETH to Binance. Who would have thought that this once biggest bull in the ETH market would be pushed by the market towards the "guillotine"

· $3100 entered the market with hope
· $2200 left the market battered

A tuition fee of 128 million dollars

It will definitely be something he remembers for a lifetime, as leverage is not something that can be easily managed, even by institutions. Additionally, I strongly agree with @zhusu's previous statement:

"Selling at the top" is often riskier than selling during a decline, because the euphoria from successfully escaping the top can easily lead to premature position rebuilding and excessive confidence.

Currently, Huazi's account still holds 498,000 ETH, and I am not sure if the market is still hunting him. But looking back at last year's BTC price of 80,000, ETH was only 1400, and now BTC is below 80,000 while ETH is still above 2200. Is it value discovery or has the bubble not burst?

@Jackyi_ld brother, are you panicking?🤣

Today, the Binance C2C market U price is 6.98, which is 0.01 higher than the exchange rate of 6.97 for US dollars to Chinese yuan in Alipay.

This means that the long-standing negative premium of USDT has finally been erased, so what exactly happened behind this?

In my opinion, there are two reasons:

1. The crypto market has been continuously plummeting, leading to an increasing demand for USDT, with many coming in to buy the dip and being forced to replenish margin.

2. The fluctuations in the USDT market have widened, allowing for large-scale participation in arbitrage trading. I observed that since mid-January, the Binance C2C trading depth has shown active arbitrage, and the U once shifted from a negative premium to a positive premium, which was quickly erased.

As for whether the U price can long-term escape the positive/negative premium, it remains to be seen. However, this time BTC dropping to above 7w likely indicates a bottom, as market funds have already voted with their feet.

What I am most worried about now is Huazi @Jackyi_ld, who, as the largest prominent bull in the ETH market, has been targeted by bears as a concentrated hunting target.

I hope Huazi can hold on. In the end, regardless of whether he gets liquidated or not, the characteristics of this bear market bottom are very evident, and brothers must not fall before dawn.

Despite the severe drop in level two last night, the popularity of Moltbook has not been suppressed; instead, it has shown an increasing trend.

From 150,000 Agents yesterday to 1,500,000 Agents today, it has increased tenfold. During this time, tens of thousands of Agent posts have been generated, with various novel content discussions and behaviors. I went to observe, and it was truly shocking.

Regardless of whether these Agent outputs are garbage, the social network they have built themselves successfully running has opened a new world for us—completely uncontrolled and vibrant.

Of course, it is still in the very early stages, and investment carries huge risks and uncertainties. I suggest everyone watch more and act less. However, if you encounter something interesting, even if you don't understand it, you should participate in a timely manner.

After all, not understanding means Alpha opportunities.

At the same time, today the Virtuals gold mining team is also very lively. I saw hundreds of chat records and thought that the Virtuals ecosystem had erupted with some new hotspots.

I didn't expect that clicking in would lead to friends sharing cash red envelopes 😂. These people usually spend money like water in the crypto world, but in life, they are also patching things up, willing to go all out for a few dozen yuan Tencent red envelopes.

Later, I tried it myself and also got over ten yuan, thanks to Tencent's red envelope for increasing my position in $VIRTUAL.

Stay away from gambling dogs, and live a happy life!

Zeng Ying went long on ETH and was blown up for 2 million USD, and the long position on SOL was also precarious. In a moment of desperation, she borrowed 200,000 dollars from Brother Sun.

After failing to borrow money, she couldn't help but feel resentment and directly posted in English accusing Brother Sun of having registered numerous Binance accounts using the identities of multiple employees, driving up TRX to harvest retail investors.

She not only submitted WeChat chat records to the SEC but also requested the U.S. judicial authorities to intervene in the investigation. Fortunately, Brother Sun cut ties promptly; having such leveraged gambling dogs around is indeed a hidden danger.

TRX has really not harmed many people to date; as the world's leading stablecoin settlement network, most people have basically made profits on it. In summary, only women and petty people are hard to raise!

Last night I met a guy on the plane, the same age as me, 30 years old, who works at an airline. This person turned out to be quite interesting; during his spare time, he plays with Hong Kong stocks and A-shares.

In terms of investment, his strategy is relatively counter-intuitive. For instance, a while ago when the stock market was criticizing liquor stocks, he went against the trend and bought Moutai, making a significant profit by riding the wave of Spacex's popularity.

However, he knows nothing about the cryptocurrency space; he has only heard about people making fortunes with BTC/ETH but has never participated himself.

Today, after waking up and scrolling through traditional news, he saw "Cryptocurrency market value evaporated overnight by 111 billion dollars, over 410,000 people liquidated" and suddenly came to me saying he wants to open an account to try it out. What should I do?

Note: He plans to get married to his girlfriend next year and settle down in Chengdu, with 300,000 yuan available for investment, hoping to make steady profits.

It still has to be Sister Wood! It still has to be the foreigner! Their criticism and our criticism are two different matters for Binance; the former really cannot be offended.

This time, facing the overwhelming condemnation from the overseas market, Binance couldn't take it anymore and started using the $1 billion SAFU fund to buy BTC.

We know that this amount is only enough to buy 10,000 BTC, and averaged over the next thirty days, it won't move the market at all. So in my opinion, it’s more of a statement from Binance to the public market.

We are long-term builders, continuously dollar-cost averaging into BTC.

This step is not wrong; I believe the foreigners also appreciate this kind of response, after all, we have MicroStrategy as a precedent to learn from.

Additionally, it is worth noting that CZ not only did not forward this open letter, but just now, he shared the statement from BitMEX co-founder Authur Hayes:

"In the past few weeks, dollar liquidity has decreased by about $300 billion, mainly due to an increase of $200 billion in the U.S. Treasury General Account (TGA).

The government may be raising cash reserves to ensure spending in response to a potential shutdown. In this context, the drop in Bitcoin is not surprising, as it coincides with the contraction of dollar liquidity."

This indicates that CZ wants to express that he understands everyone’s bad mood during the downturn in the crypto market. Binance acknowledges its mistakes in the 10.11 incident and is willing to put out $1 billion to buy BTC.

However, what truly causes the crypto market to decline are cycles, the tightening of dollar liquidity, and multiple factors such as the imminent shutdown of the U.S. government, rather than the trouble caused by Binance alone.

Now we are also showing our sincerity and responsibility. As for how the market will move later, it is up to the market itself to decide. We cannot control it. I hope retail investors can understand this and not keep blaming me.

The aircraft carrier just turned off a light, and the whole world has collapsed!

Tonight has finally achieved true "financial equality":

Whether you are trading cryptocurrencies, stocks, or hoarding gold and silver, tonight in front of the "Lincoln" aircraft carrier, all beings are equally illuminated in a red glow.

I don't think Sister Wood is deliberately FUDding Binance; she is just objectively stating a fact:

"On October 11 in Asia (October 10 in the United States), the entire crypto market suffered a $28 billion deleveraging loss due to software issues with Binance."

This led to a failure of trust in the Crypto market, so for more than the past 3 months, Bitcoin's performance relative to gold and Ethereum's performance relative to silver has been lackluster, especially with recent data showing:

Gold has increased over the past 3 days by the entire market value of Bitcoin.
Silver has increased over the past 1 day by the entire market value of Ethereum.

In such a shock, the actual compensation situation of Binance is not what the market cares about; what everyone needs more is an emotional outlet or a scapegoat.

This role, Binance takes without hesitation.

As for how long this scapegoating will last? It depends on the performance of Bitcoin and Ethereum in the near future.

If they start to surge, people will naturally choose to forget and won't mention it again; if the decline continues, this "FUD" will be repeatedly mentioned and amplified in the near future.

Because this is an unavoidable aspect of human nature...

Light of Shenzhen City, China
Light of the Shuibei Market in Shenzhen
Light of the Jie Wo Rui Jewelry in Shuibei

A sudden explosion can wipe out over 13 billion
It's hard to imagine how large the basic gold market is in all of China

Returning to Jie Wo Rui Jewelry
It is a typical "private market" betting game
In the early years, many such markets appeared domestically
It is cloaked in the guise of physical gold delivery
The essence is the high-leverage options game between the dealer and users

It is reported that Jie Wo Rui opened a large number of bearish options
Unexpectedly, gold soared all the way
As the dealer, they suffered direct losses
Thus, they are unable to compensate users' redemptions

Looking back
The photo staged by Jie Wo Rui company employees
"Not running away, always here"
Suddenly, there is a strange sense of humor 🤡

Analysis of why CLAWD can surge 5 times overnight?

Yesterday, the original founder of Clawdbot clarified the project's relationship with cryptocurrency, stating that he believes the majority of the Crypto industry is a scam, and such associations would harm the healthy development of the Clawdbot project. This point is indeed valid.

After all, he is a serious Web2 AI rising star, and if things go well, he could be the next Manus (acquired by Meta).

However, this statement directly caused Clawd on SOL to drop to zero, and CLAWD on BASE also plummeted by 50% to 5M in a short time.

CA: 0x9f86db9fc6f7c9408e8fda3ff8ce4e78ac7a6b07

It didn’t drop to zero because the nature of the BASE chain is slow-paced. Just when the community thought the project would slowly fade away, BASE officials and Coinbase suddenly took action.

At around 4-5 AM in the Asian timezone, they sequentially posted on Twitter to publicly support @austingriffith and the construction of CLAWD.

As a result, the community suddenly experienced FOMO, and within just a few hours, it surged to 28M, now retreating to 22M. Those who bought in at yesterday's low are close to a 5X profit.

As for me, I had already recognized my losses yesterday, but to my surprise, not only did it rebound today, but I also made a small profit. I can't help but marvel at how magical the crypto world is; when playing projects, one must observe who is backing them and whether there is a big player willing to promote it.

The world is bustling for profit.
The world is bustling for gain.

I don’t care whether you clarify or not.

I just want to maximize my own interests.

Finally, it's BASE's turn

In the past few days, Clawd and Mac mini have been flooding the timeline. There are memes with the same name on both BASE and SOL, specifically as follows:

BASE: CLAWD market cap 9.5M
0x9f86db9fc6f7c9408e8fda3ff8ce4e78ac7a6b07

SOL: clawd market cap 1.8M
Hoi9Lo8s2PP7EM9mv9bZjQ3aSB7ijyS238sTqQjbpump

Overall, BASE is better, although its liquidity is not as abundant as SOL, the community consensus is clearly higher (BASE provides excellent soil for incubating AI memes, which is why Virtuals ultimately chose to root in Base)

Most importantly, I found that CLAWD is not just a pure meme driven by emotions and attention; there are developers behind it taking charge to get things done.

CLAWD is deployed by the community for "clawd.atg.eth", and "clawd.atg.eth" is a self-hosted personal AI assistant deployed by Ethereum Foundation developer @austingriffith based on the open-source clawd.bot.

The most imaginative aspect of this coin is the introduction of the Fomo3D mechanism. Whenever a user buys a Key through CLAWD, the countdown resets to 30 minutes. For every purchase, 10% is directly burned.

When time reaches zero: the last buyer takes 40% of the prize pool. Those holding Keys split 25%. The remaining 30% is permanently destroyed.

I remember a few days ago, the article titled "The Era of Humanities Students" by the Rhythm boss also introduced the Fomo3D mechanism, and the prize pool of 1 BTC was also a sensation across the internet.

I bought a little and look forward to CLAWD's future performance.

Actually, when the weekend market was filled with a series of negative news about the impending government shutdown by the Trump administration, the tense US-Canada tariffs, and the Japanese bond crisis, I had a premonition that the market would drop on this Monday.

However, when I got up and saw my phone filled with the word 'drop', coupled with the fact that gold and silver have hit new highs next door, I still felt a bit uncomfortable and powerless.

Crypto seems to have been abandoned by the mainstream world...

I still firmly believe this is just temporary; right now, the narrative of BTC as 'digital gold' is no longer appealing and has been reduced to a tool for the US stock market.

In the upcoming era of AI, cryptocurrencies led by BTC will shine again; they will become the universal payment method for AI robots, truly achieving mass adoption.

In this field, I am most optimistic about @virtuals_io, which is why I am steadily investing in $VIRTUAL.

As for @evansWeb3Dev's request for the official return of the Prototype style launch model, occasionally letting the Agent open with 50-100X, while attracting new people and new funds to enter the market.

I completely understand and deeply desire that. But I know that old era is gone forever; neither the market conditions nor the actual situation of Crypto AI development allow it anymore.

The bubble has burst; now is the time for deep cultivation and construction. Virtuals does not need to create new hype in the short term, as it would be akin to drinking poison to quench thirst; the official only needs to focus on its strengths in a few areas: Robotics, Unicorn, and ACP.

When the timing is right, the wind will come.

Embrace the penguin.

A tweet from the White House directly created a meme on SOL with a market value exceeding 150M, with an increase of nearly ten thousand times.

After several days of promotion, it almost gave everyone the opportunity to get on board. Indeed, true PVE always happens on SOL. Early investors bought in for 2K USD, and now they have an unrealized profit of 1.4M.

The most important promoter behind this is undoubtedly Marc Andreessen, the founder of a16z, who changed his profile and background picture to something related to penguins.

I suspect that he likely deployed the first shot of the 15 billion USD he raised on Penguin, using "political donations" to curry favor with Trump and the White House, making the previous pledge more vivid with memes.

It is worth noting that Binance Alpha has also jumped on the penguin bandwagon. The last prominent whale on the SOL chain, Whitewhale, was also strongly driven up to over 100M but did not get listed. The contrast is stark.

This indicates that for a coin to get in front of Binance's Listing Department, even if the angle is great and the community is united, it doesn't matter; they don't care. What they truly care about is whether there is a strong backing behind the coin.

There is no doubt that Penguin has a strong backing, making Binance have to pay attention. Moreover, it resembles the previous Pnut moment, and I estimate that the SOL chain is about to welcome a real liquidity explosion.

So, brothers who missed out don't need to rush; Penguin is just the beginning, and there are many more big things to come.

Rather than saying it's the era of liberal arts students, it feels more like the era of Storytellers!

In the article by Rhythm Boss, the mention of Peter Thiel in relation to Trump, and He Yi in relation to CZ, seemingly illustrates the success stories of liberal arts students influencing STEM students.

But looking beyond the surface to the essence, these liberal arts students are playing the role of Storytellers, whose responsibility is to accurately translate the internal language of companies/groups into an external language.

Just like Peter Thiel translating 'anti-establishment sentiment' into a language that tech elites can understand; He Yi translating 'refined operations' into a language that trading users can comprehend.

Therefore, in the future, if you want to achieve success in the field you are deeply engaged in, storytelling is an indispensable skill.

So what is storytelling? Simply put, it is the ability to clarify complex matters. It is not merely copywriting, nor is it a new title for a public relations position.

Rather, it is the capacity to organize products, technologies, decisions, and real-life scenarios into a narrative that the external world can understand.

The recently published article has attracted a lot of criticism. Here I apologize first, as I overlooked the prerequisite for fitness, which is to have enough sleep and stay away from staying up late!

Because after staying up late, a person's blood vessels are very fragile. Working out will cause blood to rush to the muscles, blood vessels to expand, and increase the pressure on the heart to pump blood, just like a balloon. If you keep inflating a nearly full balloon, it will burst. So there is a saying:

"Staying up late to work out, creates a healthy corpse."

Gao Guanghui has long maintained a high-pressure work state, coming home very late every day. Staying up late to work out would rather accelerate his sudden death.

I have now adjusted my biological clock, trying to sleep before 12:00 every night, and will no longer stay up late playing games and rushing memes.

Compared to physical and mental health, these "tempting" paper wealth is trivial. Only by having a good body can one have the capital to go further in the Crypto industry.

This is also why we often see @cz_binance big brother and @sunyuchentron Sun Ge usually pay attention to sleep while maintaining regular fitness🏋️.

After reading about the sudden death of 32-year-old programmer Gao Guanghui, one can't help but feel sorrowful. This actually happened two months ago; his wife managed to gain attention on social media after persistent efforts for 55 days.
Everyone should be cautious about the Guangzhou CVTE company! When her husband died over the weekend, the company's people were still messaging him about urgent tasks that needed to be completed by the following Monday, dealing with bugs that could never be resolved.
Afterwards, the company used various means to suppress the incident from gaining traction, including stifling the popularity of her Xiaohongshu account.
This incident also warns us of the necessity to maintain long-term 'fitness'; having a good body is essential for supporting the future of the family.
Let's not allow the phrase 'going home' to become a solo act in the couple's chat.

BSC has crashed, and SOL has risen a bit

What a magical scene

At noon, the White House officially tweeted about 'memes'. I thought this coin would come out first on SOL (politically correct), but unexpectedly, BSC took the lead with a higher edge, being the first to achieve a large market value.

BSC: memes 18M
0xf74548802f4c700315f019fde17178b392ee4444

SOL: Memes 1.6M
5dxdLpp7epQ9hEY14KUtYa8Bj4kb1ebiovyyUyDkbonk

The reason behind this is actually quite simple. 1. HeYi retweeted, shifting attention to BSC, with expectations of future listings on Binance Alpha (liquidity exit). 2. The players on BSC are more willing to support the market than on SOL, which is very important. As @ht78221 said: the more willing we are to support retail investors, the more profit they make, and the ecosystem will attract more people, leading to a more prosperous market!

To be honest, I am quite impressed by BSC's operation this time, snatching food from the jaws of SOL, and the ecosystem is once again transitioning into a healthy PVE.

As for how high memes can eventually go, I don’t know. But some people are using it as a benchmark against the coin issued by the White House, comparing it to Trump. This viewpoint is either wrong or foolish.

These two coins are not on the same level at all; the former is merely a product of attention economics, lacking certainty, while the latter is the official coin issued after Trump's administration, a super phenomenal opportunity.