CZ's Life - From Countryside Boy to Becoming a God in the Global Crypto Industry
How did he go from the countryside to immigration? From programmer to entrepreneur From the world's richest list to prison Writing his life experiences into a book (Binance Life) is not just a record of life, but also turns the detours he has taken and the insights he has gained into wealth that future generations can draw upon. This is a must-read book for everyone in the crypto industry (Freedom of Money) https://amazon.com/-/zh/dp/B0GVZK8QPG/ref=tmm_hrd_swatch_0 Many entrepreneurial stories like to talk about talent and opportunity But CZ's story is more like another narrative: In the crypto industry, no one has experienced such an extreme life curve as Zhao Changpeng @cz_binance:
#打新资讯 The results of the “Jumbo-sized” Changxin Technology subscription are out, with an issue price of 8.66 yuan
On July 19, Changxin Technology (688825.SH) released an announcement on the preliminary offline placement results for its first public offering and the results of online subscriptions. 📌 Key issuance information ▪ Issue price: 8.66 yuan per share ▪ Initial number of shares issued: approx. 6.688 billion shares ▪ Online subscription winning numbers: 7,702,207 ▪ Number of shares per successful subscription: 500 shares
As a leading domestic player in the DRAM storage segment, this ChiNext Board (STAR Market) IPO has attracted high attention across the market and is a landmark financing event in the semiconductor sector this year.
#世界杯 betting against the mainstream approach, and still managed to successfully cash in on another wave of profits
Before the match, many people had predicted that France would win, but in the end they were wildly shocked by an upset on a big scoreline
Everyone thought France’s strength was there for all to see. Even if they didn’t make it to the final, getting a third-place finish at least shouldn’t be a problem
But the score turned out to be a huge shock—lots of people started complaining that they were just coasting, playing match-fixing games, and getting ruthlessly harvested again by the capital markets
When you look back at Mbappé’s calm, faint smile, it inevitably sparks imagination—it’s hard to ignore the meaning behind it
Tomorrow at 3 a.m., World Cup final: Spain VS Argentina
At 39 years old this year, Messi is very likely playing what will be his last World Cup
If he can lift the trophy again and once more hold up the Golden Cup, then he’ll be saying goodbye to the national team
It would add a legendary, no-regrets closing line to his professional career
The biggest reason retail investors lose money is that they buy more the further the price falls—no exception.
Many people think: “If it drops, buy a little more, lower your average cost, and won’t it be easier to get back to breakeven?”
No. Because you’re using the action of “averaging down” to fight against the fact that the market is proving you wrong. This is the most dangerous form of self-deception in trading.
With the right actions, the market will reward you—give you profits, and then you add to your position. With wrong actions, the market will punish you—give you losses, and what you should do is cut your losses, not add more.
In South Korea, this recent wave of liquidations has really trapped an entire generation of young people. I just looked over data from the country’s regulators, and my palms started sweating. Over the past month, Korean retail investors lost 2.15 trillion won from leverage trading—about $1.45 billion. The worst part is that among the accounts that were liquidated and forced out, 62% are young people aged 20 to 30. The South Korean government is also panicking now, worried that this round of financial turbulence could evolve into a social crisis. Even in October, it plans to launch a nationwide unified 1375 debt counseling hotline. The name sounds very professional, but in reality it’s basically an anti-suicide intervention phone line. Right now, young people in South Korea are genuinely pretty hopeless. In the first half of this year, many people borrowed money to rush into the market—family loan limits at the five major banks were used up. Everyone wants to turn things around using leveraged 2x ETFs, especially focusing on Samsung and SK Hynix. But then SK Hynix’s biggest leveraged ETF, which had been at its peak, dropped 60%—crushing these people’s hopes of a comeback. Leverage is like this: when the wind is at your back, it makes you feel like a stock genius; when things turn, it won’t even give you a chance to apologize.
Binance’s 9th anniversary—also my 9th year since I stepped into the crypto world
A tribute to Binance, to Cousin CZ, and to myself for staying steadfast all the way
Over these 9 years, I’ve experienced too many stories in the crypto space
In 2017, Cousin CZ founded his own exchange and launched $BNB. Back then, he was already my spiritual guiding light—so during the ICO, I all-in to secure 150,000 BNB
Even though I didn’t hold all the way to now, that was still the first big pot of money I earned in the crypto world
In the next decade, I’ll keep accompanying Binance all the way, and we’ll go even further together