Powerpei

It’s the eighth round already.

Binance USD1 holding airdrop—started back in March and it hasn’t stopped for a single round until now.

This round’s prize pool is 170 million WLFI tokens. At the current price, that’s roughly $8.9 million, and it runs until September 4.

The rules haven’t changed: just need to have USD1 in a spot account, funds, leverage, or a U-margined futures account. No need to lock it, no need to pledge it—an automatic payout goes out every Friday.

Annualized return is about 5.3%. That’s fairly high for stablecoins.

There’s also a 1.2x bonus for holdings in contract accounts.

The prerequisite is that your USD1 contract OI stays above 300 every day.

One detail worth mentioning: USD1 obtained by borrowing other stablecoins only counts as 70%. Assets in wealth-management accounts don’t count. Don’t end up finishing everything and realize you’re short by a chunk.

//

After eight rounds, WLFI has received subsidies totaling over $100 million.

So what’s the effect? Binance USD1’s cumulative trading volume has just crossed $50 billion.

A stablecoin that launched only earlier this year—back in March.

You can say this is a trade volume burned by subsidies, and you’re not wrong.
But subsidies can burn up volume— they can’t burn up retention.

Crossing $50 billion means people are genuinely using it for trading pairs, as margin, and for settlement.

Not just snatching an airdrop and leaving.

———

As for me, since the third round I’ve kept some USD1 in my spot account. The WLFI that lands every Friday is just “spending money” to me.

Not much, but the upside is strong certainty—you don’t have to worry about it.

The real question now is: how long can the subsidies keep coming? After eight rounds, the WLFI supply will eventually run out.

When that happens, whether the real demand for USD1 can support this scale—that will be the true test.

But at least for now, free money is free money.

Follow the official announcement—rules may change at any time.
#USD1

The first large-scale lockup release after SpaceX went public: today

910 million shares are unlocked at once, and they can be freely traded
At the IPO, only 640 million shares were released to the market in total
Today is basically another one-and-a-half times the chip supply coming in

Yet the earnings report was smashed yesterday, down 13.6%, closing at 108
You know what the early employees and investors paid—108 is still a massive profit for them

The earnings report itself has no issues: revenue doubled, Starlink is rising, and losses are narrowing
What the market fears is that capital expenditures are too aggressive—thinking they’ll burn cash again—so people run first to be safe

And then the chips get unlocked.

//

Today there’s just one thing to watch: can it hold up
Unlocks don’t automatically mean everyone sells, but someone will want to cash out
A small pre-market rebound happened; the Nasdaq overall is weak, and sentiment is mediocre

Breaking above 100 on rising volume is real sell pressure; holding above 105 on lower volume is likely to be a false alarm. After that, there are two more rounds: August 20 and September, while Musk’s own lockup runs until mid-2027
Short-term supply testing, but the long-term logic hasn’t changed
Just watch trading volume today.

#SpaceX #美股

I joined Binance Square in November last year.
Back then, I saw Yingge promoting the Creator Platform, so I hopped on.

I have to say, Yingge is kind of my benefactor.
I should say she’s a benefactor for a lot of small retail investors. Everyone who knows her knows she’s very capable and also easygoing (and the key is, she’s also beautiful).

The deepest impression I have is when I ran into some small problems and went to ask Yingge for advice—I was afraid I wouldn’t do it well. Yingge told me: Just be yourself.

After that, I met Cy, who also gave me a lot of help and guidance.

I didn’t think too much. I just adjusted the content I usually posted to align more with the task direction.

Bit by bit, I managed to get a few first-place rankings; in total, I think it added up to nearly $10,000.

To be honest, that number isn’t that big, but the advantage is the low barrier to entry.
You don’t need 100,000 followers. You don’t need to grind data every day. If your writing is good, you still have a chance to get on the leaderboard.

Even now, I still update posts every day. Occasionally, when I see creator tasks that fit, I’ll join in.

Not grinding, but it’s pretty interesting.

Compared to writing on X for half a day just to get a few likes, Square at least gives you positive feedback—you write something and you can actually earn money.

#币安广场

Scored this activity that was posted with @Jiayi Li —addie-jie is at it again, throwing money around.
From Aug 4 to Aug 8, five straight days, with a total pool of 20,000 USD1 + 600,000 units.
$WLFI

I’ve personally been using USD1 as collateral for Binance futures contracts, so for me this isn’t a new concept.

Let me briefly explain how to participate in the event:

Join the Binance Square Chinese community (there’s a link in the post), and chat about WLFI / USD1-related topics.

Discussion, trading/share ideas, and chart analysis all count. The live room may randomly pop in for a bonus reward, and the chat will drop coupon codes at unpredictable times.

The threshold is basically zero—it just requires you to be present.

As for抢红包 (snatching the红包), you can only grab them if you’re there.

I’ll probably stay around Binance Square for a few days and also see whether the community shares any interesting USD1 usage tips.
Free is free—why not take it?

The three major indexes were all up
Dow +0.53%, S&P +0.7%, Nasdaq +1%

Looks pretty good, right? Breaking it down tells a different story

Amazon surged 15.3% in a single day
This one stock is basically the engine driving the index higher
Strip out Amazon’s contribution and the gains in the S&P and Nasdaq shrink a lot

Now look at other sectors:
The Philadelphia Semiconductor Index jumped more than 5% at one point during the day, but closed up only 0.07%
Micron and Sandisk-type memory stocks spiked and then gave it all back
Russell 2000 small-caps fell directly by 0.5%

One number that explains the problem best:
In the S&P 500, there are more stocks declining than advancing—the ratio is 1.3:1

The indexes are rising, but most stocks are falling

This kind of “one-flower-show” rebound is something I’ve seen plenty of times

It usually happens in two situations: when sentiment repair is just starting out, or when hedge funds are forced to cover positions
It looks lively, but the durability is limited
A true trend needs more sectors to move together, broader participation from capital—not propping the whole thing up with just one stock.

My take:

This rebound in AI-related names looks more like a technical correction after an earlier oversold period. Amazon’s earnings report really did blow the doors off—but one earnings report can’t save the entire market. Going forward, if more companies’ results don’t follow through and there isn’t wider capital inflow, the market can’t sustain a picture propped up by a single stock.
Don’t just stare at the index levels—you’ll get fooled. Look at market breadth and sector confirmation, they’re more useful than specific price points.

Not investment advice; official data prevails.
#美股

The most interesting moment in today’s US stock market: Amazon and Apple released earnings reports on the same day, and their stock moves went completely in opposite directions.

Amazon blew past expectations and surged right after hours. Apple, on the other hand, fell.

The fact that capital picked a side so decisively shows that the market now only cares about one thing: whether your AI investment is actually making money.

Why did Amazon rise? AWS cloud business continues to expand, and AI workloads are being converted into real revenue.

What the market feared most before was “burning a lot of money with no visible returns.” This earnings report answered that directly: it can earn—and it’s accelerating.

Why did Apple drop? It wasn’t that the results were bad. The story of AI monetization just hasn’t been told yet.

How much incremental revenue will the Apple Intelligence subscription really bring? This earnings report didn’t provide an exciting answer.

Plus, the earlier news about price hikes has already been priced in—when the good news is realized, it turns into a negative.

The Nasdaq led the day, and all three major indexes moved higher overall.

The core driver is this: the return on AI capital expenditures has been reaffirmed. Not all money-burning is useless—the key is who can burn out real revenue.

My view:
The “Seven Giants” will continue to diverge. If they can prove that AI spending is turning into monetization (Amazon, Microsoft), capital will keep flowing in. If they can’t clearly explain the returns (Apple), even with a huge market cap, the stock will still be dumped.

This earnings season is basically wrapping up this week. The takeaway is clear: the market no longer buys the AI concept—it only buys AI revenue.

Not investment advice; data is based on official sources.
#美股

WLFI’s Super Node mechanism—after I finished reading the governance documents, I felt this is the toughest move in the USD1 ecosystem

The rules are simple: lock 50 million WLFI for at least 180 days.
At today’s price, that’s roughly $2.7 million.

So what do you get?
➢ You can integrate with authorized market makers to swap USDT/USDC 1:1 into USD1
➢ You can directly negotiate partnerships with the WLFI team
➢ You receive additional economic incentives
➢ Voting weight is weighted by the locked amount plus the remaining time

//

It sounds like an exclusive channel for the wealthy, but here’s the logic behind it:

USD1 expanded too fast before. Market makers made money through a mint-sell arbitrage cycle, taking a 15-basis-point spread each round—and the project had to subsidize the redemption cost.

Now this Super Node setup is essentially taking that profit back from market makers and distributing it to people willing to lock up long term.

There are too many partnership requests for the team to screen. So they simply use $2.7 million as the filter.

If you truly投了 (invested/participated), you have the right to sit down and talk.

//

What I find interesting is this:

It tightly links USD1 supply growth with the depth of WLFI locking.

Big holders who want to be super nodes naturally become promoters of USD1—and even act as mini distributors.

This is structurally much stronger than launching empty-airdrop programs or subsidizing trading volume.

Voting also requires at least two votes to obtain about a 2% staking reward—pure “sit back and do nothing” won’t work.

But I also won’t pretend I don’t see the problems:

A $2.7 million threshold means retail investors basically have no chance.

Even though voting power uses square-root weighting, people with more money still have louder voices.

————

My take:
Compared with governance designs where “everyone can vote” but nobody truly votes, this one is far more honest.

It directly admits one thing:
What can actually drive a stablecoin ecosystem is capital—resources—and people willing to bind long term.

USD1 needs sustained real demand and a distribution network, not short-term speculation.

For most people, the Super Node is a mirror: it helps you see what kind of participants this project wants to attract.

Not investment advice; data should be verified against the official governance documents. #USD1

The US-South Korea $950 billion chip order has just landed
SK hynix has locked in Nvidia’s five-year HBM supply.

Taking a step back,
China’s memory makers’ window of opportunity actually looks clearer.

Changxin Technology makes DRAM, not HBM.

But the logic is the same: global memory demand is rising; overseas capacity is being tied up by the AI supply chain; and the share of domestic replacement will only keep increasing.

In the short term, the sentiment toward the tech sector is indeed hot.
This week, the earnings of the four biggest US stocks are coming in rapid succession. A-share and Hong Kong semiconductor shares are moving in sync as well—Changxin has already seen a run-up.

My view:

The direction is right—domestic DRAM replacement is the long-term logic.
But when chasing gains in the short term, be careful. It’s an earnings-week environment with big sentiment swings, and it’s completely normal to pull back after good news is priced in.

If you want to take a quick stab at short-term directional betting, the UP & DOWN on the Binance wallet has already been placed on Changxin Technology’s market. It expires tomorrow (July 30). Choose bullish or bearish yourself—the entry barrier isn’t high; treat it like a sentiment vote.

👉 [https://web3.binance.com/en/prediction/detail/cxmt-up-or-down-on-july-30th-2026]

Not investment advice; data is subject to official sources.

#长鑫科技 #币安钱包

Apple’s market value surges past $5 trillion, overtaking Nvidia

Financial media all align on one account: “Smart money” is returning to value—finally, the market understands the question of burning cash vs. not burning cash.

I don’t buy this.

Money flows to Apple not because Apple’s AI strategy is that brilliant.

Money flows to Apple not because Apple’s AI strategy is that brilliant. It’s because Nvidia, Microsoft, and Meta have been spending so aggressively—so recklessly—that even your parents, scrolling through the news, would ask: “Are these companies out of their minds?” When money panics, it runs to places that look stable. Apple just happens to be standing there.

But Apple’s so-called “cost-saving via collaboration” model—

Put simply, it means they don’t build their own power plants and keep selling air conditioners.

For iPhones to run AI features, they still rely on someone else’s computing power.

This isn’t dimensionality reduction—it’s a temporary move to avoid the spotlight.

My actual holdings:

Nvidia long-term position unchanged
No chasing Apple

The logic is simple:
Nvidia’s rise to the top is driven by real, tangible demand.
Apple’s outperformance is driven by other people’s fear.
Fear-driven rotation arrives fast—and exits just as quickly.

Once Microsoft, Meta, and Amazon’s earnings reports come out this week and capex numbers get spread out again, the money could turn around at any time.

Don’t let labels trap you.
Focus on why money moves from A to B—that’s the most honest part of the market.

Not investment advice; data should be based on official sources.
#美股 #Aİ

At the San Francisco AI Summit, South Korea and the U.S. signed a $950 billion chip deal
Five-year term

SK hynix supplies HBM (high-bandwidth memory) to NVIDIA, and Samsung handles foundry and packaging for Broadcom

It’s not an investment—it’s procurement commitment
NVIDIA has essentially welded the storage supply chain to South Korea

Feel the scale with one number: $950 billion—more than Apple’s annual revenue

My understanding is straightforward:

The AI arms race has changed
Back then, it was about who had the stronger model—now it’s about who can secure the supply chain
HBM has already been in short supply; this order pushes the shortage out another five years

Who the core supplier of HBM is—you don’t need me to say it, right

Data should be based on official disclosures, and does not constitute investment advice.#HBM

The Dark Side of the Moon has open-sourced Kimi K3’s weights—28 trillion parameters

I haven’t run it locally yet
Honestly, even for individuals, this scale is hard to run

But the arena data is right there: for programming and long-task directions, it ranks first—it’s not just talk

Its overall performance still has ground to cover compared with Fable 5 and GPT-5.6 Sol, and the official side has admitted it too—they didn’t hard-sell it

What I’m most interested in is something else:

In China, for the first time, someone has directly released weights at this level

The community can quantify, fine-tune, and do private deployment

For those companies that don’t want to feed their data into closed-source APIs, there’s now another path. OpenAI’s pricing is under pressure

Of course, the deployment threshold of 28 trillion parameters is there—ordinary people in the short term should still stick to adjusting via APIs. Once the quantized version comes out and the community’s first batch of real-world tests have finished, we can talk again then.

Jingcai Xuchuang (03308) HKEX IPO: applications close at noon on Sunday, July 27, and the listing date is Wednesday, July 30.

Maximum offer price: HK$1,010. One lot is 50 shares; the application fee is about HK$51,000.
Maximum fundraising: HK$55 billion, the largest IPO in Hong Kong shares this year.

Cornerstone investors: Temasek, BlackRock, Hillhouse, Alibaba, Tencent.
A collective vote for the AI computing power supply chain.

Those who want to participate should already be moving—deadline is Sunday noon, and time is tight.
Data is based on the official prospectus only and does not constitute investment advice.

#港股打新

Google and Tesla released their Q2 earnings on the same night—I didn’t even look at revenue
I went straight to capex and free cash flow

Both are negative

→ → →

Over at Google: Revenue was $119.8B, up 24% year over year and above expectations

Google Cloud is even stronger—$24.8B, up a whopping 82% YoY
Looking purely at growth, nothing to complain about

But capital expenditures were $44.9B

That’s double year over year

Full-year guidance raised to $195–205B (from $180–190B)
Free cash flow? Negative $5.9B
Same period last year was positive $25.0B

One quarter: it went from +$25.0B to -$5.9B
Just that one number—down 3% after hours. I think the market is still being fairly restrained

Pichai said Gemini has 950 million monthly active users, and AI investment is “redefining every part of the business.”
Okay, I believe the demand is real
But the fact is the money is being spent faster than it’s being earned.

→ → →

Now Tesla’s is more interesting

Revenue was $28.24B, up 26% YoY and well above Wall Street’s $25.7B estimate. Autos +23%, energy storage +13%, services up 50%
The top line looks great

Then flip to profits: adjusted EPS was $0.33. The expectation was $0.51

That’s almost 40% off

Gross margin slid to 16.8%
Free cash flow also turned negative, -$1.1B. Capital expenditures were $5.79B, up 142% YoY, and full-year is expected to exceed $25B
Autonomous driving, Optimus, Cybercab, the AI chip factory—everything’s burning cash

Musk’s exact quote: “We will spend as quickly as possible, but not wastefully.” Investors clearly aren’t buying it—down 4% after hours, and premarket expands to 5–6%

→ → →

Put the two earnings reports side by side and the story is the same:
Growth is real, but so is the cash burn—and it’s burning faster than it’s earning.

The AI narrative isn’t dead. But the market’s attitude has changed
From “buy it if it touches AI”
To “how much did you spend, and how much did you get back?”

Next, Meta, Microsoft, and Amazon’s earnings—the capex line item will be under a microscope
Who can prove the money they spent eventually comes back can stay steady
If they can’t prove it, it’s the next after-hours -5%

Data should be based on official earnings reports; everything above is just my personal observations.#AI #美股