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蜡币小鑫
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蜡币小鑫

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币圈资深老韭菜,涉及币圈多个领域,长期持有 #BTC#ETH#BNB 推特博主:https://twitter.com/zhuanfgghjnb
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Article
CZ's Life - From Countryside Boy to Becoming a God in the Global Crypto IndustryHow 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:

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:
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Bullish
Partly True
Almost every young person in South Korea borrows on leverage to trade stocks. They take out loans and bet on leveraged positions in Samsung and SK Hynix semiconductor ETFs, hoping to use the bull market to rewrite their fate and get rich overnight. In the end, however, a large number of accounts see their principal wiped out, and many people still owe the brokerage firms substantial debts. Today, the KOSPI index fell below 6,500 points, dropping 5.26% in a single day—panic gripped the market. In just a little more than a month, more than 400,000 retail accounts were completely liquidated. Young people aged 20 to 30 make up over 60%. Total leverage losses across the entire market exceed 2.15 trillion won. At the end of the day, stock trading is an extremely intense game of odds. Before entering, you must think carefully about whether you can accept losses in full. Making money means you rode the tailwinds of the times; if you lose, you have to acknowledge that your own understanding and risk control were insufficient. The greatest misfortune in life is often caused by one’s blind greed and a mismatch between one’s abilities and reality.
Almost every young person in South Korea borrows on leverage to trade stocks. They take out loans and bet on leveraged positions in Samsung and SK Hynix semiconductor ETFs, hoping to use the bull market to rewrite their fate and get rich overnight. In the end, however, a large number of accounts see their principal wiped out, and many people still owe the brokerage firms substantial debts.

Today, the KOSPI index fell below 6,500 points, dropping 5.26% in a single day—panic gripped the market. In just a little more than a month, more than 400,000 retail accounts were completely liquidated. Young people aged 20 to 30 make up over 60%. Total leverage losses across the entire market exceed 2.15 trillion won.

At the end of the day, stock trading is an extremely intense game of odds. Before entering, you must think carefully about whether you can accept losses in full. Making money means you rode the tailwinds of the times; if you lose, you have to acknowledge that your own understanding and risk control were insufficient. The greatest misfortune in life is often caused by one’s blind greed and a mismatch between one’s abilities and reality.
From a mindset perspective, stock trading itself has an element of game-like competition—an approximation of gambling. Before entering the market, you must think it through: can you actually bear the possibility of losing everything? If you make money, be grateful for the times and the market environment; if you lose money, face your own shortcomings in ability. In the end, the greatest misfortune in life often stems from one’s own incompetence.
From a mindset perspective, stock trading itself has an element of game-like competition—an approximation of gambling. Before entering the market, you must think it through: can you actually bear the possibility of losing everything? If you make money, be grateful for the times and the market environment; if you lose money, face your own shortcomings in ability. In the end, the greatest misfortune in life often stems from one’s own incompetence.
Partly True
Estimating the number of Korean liquidation (forced-close) accounts: In June, the entire market’s cumulative number of leveraged retail accounts exceeding 1.2 million reached margin call/recall; among them, about 320,000–360,000 accounts were completely forcibly liquidated by brokerages (principal wiped out to zero, with some clients owing brokerages a remaining negative balance) As of July 9, KO­F­IA’s latest data: Cumulative forced liquidations under short-term credit from July 1–9: 344.2 billion KRW Total for 7.1–7.8: 202.0 billion KRW; forced liquidation on July 9 alone: 142.2 billion KRW (this month’s peak, about 5× the day before) Estimated number of liquidation accounts in early July: Approximately 85,000–100,000 newly added leveraged accounts completed full forced liquidation, concentrated among holders of 2× leveraged semiconductor ETF positions Total official amount for short-term leveraged forced liquidations 6.10–6.30: 572.8 billion KRW + 7.1–7.10: 344.2 billion KRW = total 917.0 billion KRW (about RMB 4.76 billion; exchange rate 1 KRW ≈ 0.0052 RMB) Market-wide leveraged losses (full coverage, including leveraged ETF NAV drawdowns, options margin losses, and negative balances owed to brokerages) Brokerage and foreign-institution aggregated estimates: In the past month, retail leveraged investors’ total actual loss is about 2.15 trillion KRW (about RMB 11.18 billion), including: principal losses from forced liquidation, leveraged ETF excess NAV losses, liabilities created by additional margin deposits, and complete shortfalls of options premiums Liquidated positions / total account volume (estimated using media plus brokerage risk-control data) Accounts that reached recalled/alerted risk levels: 1.48 million–1.55 million accounts that were completely forcibly liquidated by brokerages; liquidation accounts with principal reduced to zero: 405,000–460,000 accounts (Among them, young retail investors aged 20–30 make up 62%, mainly betting on 2× leveraged ETFs of Samsung Electronics and SK Hynix.)
Estimating the number of Korean liquidation (forced-close) accounts: In June, the entire market’s cumulative number of leveraged retail accounts exceeding 1.2 million reached margin call/recall; among them, about 320,000–360,000 accounts were completely forcibly liquidated by brokerages (principal wiped out to zero, with some clients owing brokerages a remaining negative balance)

As of July 9, KO­F­IA’s latest data:

Cumulative forced liquidations under short-term credit from July 1–9: 344.2 billion KRW

Total for 7.1–7.8: 202.0 billion KRW; forced liquidation on July 9 alone: 142.2 billion KRW (this month’s peak, about 5× the day before)

Estimated number of liquidation accounts in early July: Approximately 85,000–100,000 newly added leveraged accounts completed full forced liquidation, concentrated among holders of 2× leveraged semiconductor ETF positions

Total official amount for short-term leveraged forced liquidations

6.10–6.30: 572.8 billion KRW + 7.1–7.10: 344.2 billion KRW = total 917.0 billion KRW (about RMB 4.76 billion; exchange rate 1 KRW ≈ 0.0052 RMB)

Market-wide leveraged losses (full coverage, including leveraged ETF NAV drawdowns, options margin losses, and negative balances owed to brokerages)

Brokerage and foreign-institution aggregated estimates: In the past month, retail leveraged investors’ total actual loss is about 2.15 trillion KRW (about RMB 11.18 billion), including: principal losses from forced liquidation, leveraged ETF excess NAV losses, liabilities created by additional margin deposits, and complete shortfalls of options premiums

Liquidated positions / total account volume (estimated using media plus brokerage risk-control data)

Accounts that reached recalled/alerted risk levels: 1.48 million–1.55 million accounts that were completely forcibly liquidated by brokerages; liquidation accounts with principal reduced to zero: 405,000–460,000 accounts

(Among them, young retail investors aged 20–30 make up 62%, mainly betting on 2× leveraged ETFs of Samsung Electronics and SK Hynix.)
Verified
South Korea’s stock market hit another trading halt today, and SK Hynix (Hailis) plunged 14.53%. Mainland China investors didn’t profit from Hailis’ gains—they ended up taking its losses instead. Today, South Korea’s stock market opened lower, once breaking below 7,000 points, reaching 6,989. Early this morning, the Korea Exchange said it “can’t play anymore”—it paused all automated selling orders, which amounts to temporarily yanking the network cables of large institutions. The Bank of Korea has just issued a special report refuting the claim that the semiconductor cycle has already peaked; however, there are no signs of a bottom yet. From here on, no matter how much South Korea’s stock market rises, it won’t have anything to do with those young people in South Korea who piled into leveraged positions at high levels as a late-stage “catch.” Last month’s golden era produced roughly a million debt slaves aged 20–39, who simply no longer have the right to enter the market.
South Korea’s stock market hit another trading halt today, and SK Hynix (Hailis) plunged 14.53%.

Mainland China investors didn’t profit from Hailis’ gains—they ended up taking its losses instead.

Today, South Korea’s stock market opened lower, once breaking below 7,000 points, reaching 6,989.

Early this morning, the Korea Exchange said it “can’t play anymore”—it paused all automated selling orders, which amounts to temporarily yanking the network cables of large institutions.

The Bank of Korea has just issued a special report refuting the claim that the semiconductor cycle has already peaked; however, there are no signs of a bottom yet.

From here on, no matter how much South Korea’s stock market rises, it won’t have anything to do with those young people in South Korea who piled into leveraged positions at high levels as a late-stage “catch.” Last month’s golden era produced roughly a million debt slaves aged 20–39, who simply no longer have the right to enter the market.
I liquidated everything. Lately I’ve been under a lot of pressure—I can’t sleep through the night, not at all. Watching my wife sleeping peacefully, my guilt only grows deeper. A few days ago, my wife even asked me: “I heard the stock market has been doing really well lately. Surely what we invested in must have made a lot of money, right?” She also planned to take her parents and children on a trip during the summer vacation. Seeing her happy like that, I completely didn’t dare tell her the truth. And now, what I’m most sorry for is my family.
I liquidated everything. Lately I’ve been under a lot of pressure—I can’t sleep through the night, not at all. Watching my wife sleeping peacefully, my guilt only grows deeper. A few days ago, my wife even asked me: “I heard the stock market has been doing really well lately. Surely what we invested in must have made a lot of money, right?” She also planned to take her parents and children on a trip during the summer vacation. Seeing her happy like that, I completely didn’t dare tell her the truth. And now, what I’m most sorry for is my family.
Verified
The market is still falling again—this is really too hard to play. Since the market is difficult to trade, it’s still best to be稳 (steady) for now. Part of the funds are placed in Binance for financial management. And another part—over a million—is put into @predictdotfun to provide liquidity. After a month, it’s worn down by more than 5,000 U. Binance is pushing predict.fun so hard for predictions: first, it got listed on the exchange with the entire prediction sector, and then predictions were also rolled out in the wallet. It feels like it could be the next @Aster_DEX. @dingalingts, as the founder of Bo Bing (bòbǐng), and a former Binance executive, is responsible for this is the second sector operation project he’s in charge of. It’s really worth looking forward to! Predict registration link → https://predict.fun/?ref=4B695 #世界杯2026 #实盘记录 #币安广场创作者 #PREDICT
The market is still falling again—this is really too hard to play.

Since the market is difficult to trade, it’s still best to be稳 (steady) for now. Part of the funds are placed in Binance for financial management.

And another part—over a million—is put into @predictdotfun to provide liquidity. After a month, it’s worn down by more than 5,000 U.

Binance is pushing predict.fun so hard for predictions: first, it got listed on the exchange with the entire prediction sector, and then predictions were also rolled out in the wallet. It feels like it could be the next @Aster_DEX.

@dingalingts, as the founder of Bo Bing (bòbǐng), and a former Binance executive, is responsible for this is the second sector operation project he’s in charge of. It’s really worth looking forward to!

Predict registration link → https://predict.fun/?ref=4B695

#世界杯2026 #实盘记录 #币安广场创作者 #PREDICT
Pig module?
Pig module?
Thanks to the big shots for recommending 80 DRAM SanDisk 2300 Micron 1200 Double the 190 Helix Making this year incredibly fulfilling Thank you all for accompanying me in the first half of 2026. If it weren’t for you bringing me into investing, I probably would have a little savings right now.
Thanks to the big shots for recommending
80 DRAM
SanDisk 2300
Micron 1200
Double the 190 Helix
Making this year incredibly fulfilling
Thank you all for accompanying me in the first half of 2026. If it weren’t for you bringing me into investing, I probably would have a little savings right now.
MUonAlpha
SNDK-5.37%
MUUS+1.85%
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Bullish
Received the Binance @BinanceCN 9th anniversary gift box merchandise Time really flies—before I knew it, Binance has already been around for nine years I myself also entered the crypto space in the year 2017, when Binance was founded Thinking back now, I can still vividly remember the scenes from Binance’s ICO nine years ago Back then, when I participated in the ICO, I ended up getting a total of 150,000 $BNB tokens {spot}(BNBUSDT) If calculated based on the current price of $586, that would be worth 600 million ICO unit price $0.15 vs current price $586 — an increase of nearly 3,906 times If calculated based on the highest price of $1,372, that would be worth 1.44 billion ICO unit price $0.15 vs historical high of $1,372 — an increase of nearly 9,152 times
Received the Binance @币安中文社区 9th anniversary gift box merchandise

Time really flies—before I knew it, Binance has already been around for nine years

I myself also entered the crypto space in the year 2017, when Binance was founded

Thinking back now, I can still vividly remember the scenes from Binance’s ICO nine years ago

Back then, when I participated in the ICO, I ended up getting a total of 150,000 $BNB tokens

If calculated based on the current price of $586, that would be worth 600 million

ICO unit price $0.15 vs current price $586 — an increase of nearly 3,906 times

If calculated based on the highest price of $1,372, that would be worth 1.44 billion

ICO unit price $0.15 vs historical high of $1,372 — an increase of nearly 9,152 times
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Bearish
The World Cup is just too hard to enjoy—I can’t afford to keep losing anymore. Today I’m going to try a different way of playing: I’ll place bets based on the predicted scores from a “loser’s” prophecy. I think I’ve finally figured it out. In football, if you only play win/draw/loss, that’s manageable. But with things like the financial/“investment” style bets, the odds are basically always that you lose big and only win small—so today I’m only betting on the exact score. When do kids cry every day? When do gambling addicts ever stop losing? If I keep losing and can’t take it anymore, then I really won’t play—it’s just too damn hard to make money.
The World Cup is just too hard to enjoy—I can’t afford to keep losing anymore.

Today I’m going to try a different way of playing: I’ll place bets based on the predicted scores from a “loser’s” prophecy.

I think I’ve finally figured it out. In football, if you only play win/draw/loss, that’s manageable. But with things like the financial/“investment” style bets, the odds are basically always that you lose big and only win small—so today I’m only betting on the exact score.

When do kids cry every day? When do gambling addicts ever stop losing?

If I keep losing and can’t take it anymore, then I really won’t play—it’s just too damn hard to make money.
It turns out there’s a reason China’s national football team doesn’t qualify for the World Cup.
It turns out there’s a reason China’s national football team doesn’t qualify for the World Cup.
Today’s record: 2 wins and 1 loss. I make dozens of units in a day, but when will the 100,000 I lost up front finally break even? 😭 My own level is too weak, but every day I just keep seeing a bunch of World Cup prediction bloggers. Why do they only predict and not place bets? What’s their actual win rate—let’s find out. Starting today, I’ll follow one big V per day and use live bets to verify the win rate. Today I bet following Zi Qing’s direction. If I win, I get to eat meat; if I lose, I’ll seek a refund. ┅┅ Continuing today ┅┅ 🇦🇷 Argentina vs 🇨🇻 Cape Verde — 💰 Argentina win $100 🇨🇴 Colombia vs 🇬🇭 Ghana — 💰 Colombia win $100 🇦🇺 Australia vs 🇪🇬 Egypt — 💰 Egypt win $100 Feel free to recommend the prediction blogger you think is the most accurate. I’ll verify them one by one with real money—old rookie, live betting is where the truth is!
Today’s record: 2 wins and 1 loss. I make dozens of units in a day, but when will the 100,000 I lost up front finally break even? 😭

My own level is too weak, but every day I just keep seeing a bunch of World Cup prediction bloggers.

Why do they only predict and not place bets? What’s their actual win rate—let’s find out.

Starting today, I’ll follow one big V per day and use live bets to verify the win rate.

Today I bet following Zi Qing’s direction. If I win, I get to eat meat; if I lose, I’ll seek a refund.

┅┅ Continuing today ┅┅
🇦🇷 Argentina vs 🇨🇻 Cape Verde — 💰 Argentina win $100
🇨🇴 Colombia vs 🇬🇭 Ghana — 💰 Colombia win $100
🇦🇺 Australia vs 🇪🇬 Egypt — 💰 Egypt win $100

Feel free to recommend the prediction blogger you think is the most accurate. I’ll verify them one by one with real money—old rookie, live betting is where the truth is!
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Bullish
Thank you to Shenbi for the Argentina collab-themed gift box 🎁 Shenbi is awesome—lately they’ve become an official partner of the Argentina national team Today we have to bet on Argentina winning. Can’t wait for Messi to keep scoring and complete a brace again
Thank you to Shenbi for the Argentina collab-themed gift box 🎁

Shenbi is awesome—lately they’ve become an official partner of the Argentina national team

Today we have to bet on Argentina winning. Can’t wait for Messi to keep scoring and complete a brace again
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Bullish
I took 100,000 yuan fast.. and bought a set of clothes Even though I predicted on predict.fun and lost a car But I got their World Cup merchandise and PP points Prediction really is a huge subject—truly like a trade separated by mountains In the prediction market, I only use predict.fun #世界杯 #足球预测 #Predict #实盘
I took 100,000 yuan fast.. and bought a set of clothes

Even though I predicted on predict.fun and lost a car

But I got their World Cup merchandise and PP points

Prediction really is a huge subject—truly like a trade separated by mountains

In the prediction market, I only use predict.fun

#世界杯 #足球预测 #Predict #实盘
Partly True
Recently I noticed something quite interesting 👀 On the BTC-USD1 trading pair, during certain periods the order book depth actually outstrips BTCUSDC 🔥 Comparing the same time period side by side: ✅ USD1 — key price levels have big orders sitting there; when trades hit, they get filled cleanly without slipping ✅ USDC — mostly small orders spread out; there isn’t much depth ✅ Extremely low spread + Maker 0 fee; the savings you get are essentially your profit And it doesn’t stop there 👇 Holding USD1 also earns you money 💰 Several exchanges have been consistently paying interest on USD1 for long-term holders, with annualized returns never interrupted. Save money on trading + earn yield while holding—two legs, walking together To put it plainly, USD1 is quietly taking market share from other stablecoins. As depth keeps improving, fees become more favorable, and interest keeps propping it up, the ecosystem is being built step by step. #BTC #binanc #USD1 #币安广场创作者
Recently I noticed something quite interesting 👀

On the BTC-USD1 trading pair, during certain periods the order book depth actually outstrips BTCUSDC 🔥

Comparing the same time period side by side:
✅ USD1 — key price levels have big orders sitting there; when trades hit, they get filled cleanly without slipping
✅ USDC — mostly small orders spread out; there isn’t much depth
✅ Extremely low spread + Maker 0 fee; the savings you get are essentially your profit

And it doesn’t stop there 👇

Holding USD1 also earns you money 💰

Several exchanges have been consistently paying interest on USD1 for long-term holders, with annualized returns never interrupted. Save money on trading + earn yield while holding—two legs, walking together

To put it plainly, USD1 is quietly taking market share from other stablecoins. As depth keeps improving, fees become more favorable, and interest keeps propping it up, the ecosystem is being built step by step.

#BTC #binanc #USD1 #币安广场创作者
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Bullish
⚽️ I lost 15,000 U on the World Cup the other day—saying I’m not hurt would be a lie 😮‍💨 But as a predictdotfun ambassador, how could an old greenhorn like me get up from the table? Back today—no greed. Take it steady; the main thing is to play. 🇪🇸 Spain vs 🇦🇹 Austria 💰 Bet on Spain win $100 — the bullfighters’ dominance is crushing 🇵🇹 Portugal vs 🇭🇷 Croatia 💰 Bet on Portugal win $100 — trust in Ronaldo one time 🇨🇭 Switzerland vs 🇩🇿 Algeria 💰 Bet on draw $100 — 50/50 on both sides; a draw is the most reasonable ┅┅┅┅┅┅┅┅┅┅ All three games: $300 real-money bets placed #世界杯 #足球预测 #Predict #实盘
⚽️ I lost 15,000 U on the World Cup the other day—saying I’m not hurt would be a lie 😮‍💨

But as a predictdotfun ambassador, how could an old greenhorn like me get up from the table?

Back today—no greed. Take it steady; the main thing is to play.

🇪🇸 Spain vs 🇦🇹 Austria
💰 Bet on Spain win $100 — the bullfighters’ dominance is crushing

🇵🇹 Portugal vs 🇭🇷 Croatia
💰 Bet on Portugal win $100 — trust in Ronaldo one time

🇨🇭 Switzerland vs 🇩🇿 Algeria
💰 Bet on draw $100 — 50/50 on both sides; a draw is the most reasonable

┅┅┅┅┅┅┅┅┅┅
All three games: $300 real-money bets placed

#世界杯 #足球预测 #Predict #实盘
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Bullish
Partly True
Following Sister Bottle, bought $SPCX.US on 153 {stock_us}(SPCX.US) Last night, I sold $SPCX at the price of 170 Last night she DM’d me saying she’d sold the spcx. I checked and saw that from the time of buying, it was already up by more than ten percentage points. It was basically just to bet on a rebound, so I decided not to get greedy and sold as well. The profit from $SPCX just happened to cover the losses from sports betting—sigh, it’s so hard. Keep searching for the next target to enter!
Following Sister Bottle, bought $SPCX.US on 153

Last night, I sold $SPCX at the price of 170

Last night she DM’d me saying she’d sold the spcx. I checked and saw that from the time of buying, it was already up by more than ten percentage points.

It was basically just to bet on a rebound, so I decided not to get greedy and sold as well.

The profit from $SPCX just happened to cover the losses from sports betting—sigh, it’s so hard.

Keep searching for the next target to enter!
SPCXUS-0.38%
Micron Technology (MU.O) announces a $250 million investment in the “Trump Account,” reaching one million people. The “Trump Account” plans to provide eligible children with a one-time $250 seed fund. As part of the program, Micron Technology will roll out an employee matching benefit, providing up to $1,000 in matching funds for employee contributions to each child’s account for children under the age of 18.
Micron Technology (MU.O) announces a $250 million investment in the “Trump Account,” reaching one million people. The “Trump Account” plans to provide eligible children with a one-time $250 seed fund. As part of the program, Micron Technology will roll out an employee matching benefit, providing up to $1,000 in matching funds for employee contributions to each child’s account for children under the age of 18.
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