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300亿美元什么概念呢300亿美元什么概念呢等于90天里每秒钟都有近4000美金被成交全球所有电影院一整年卖出的全部票房加起来差不多就这个数差不多是冰岛一年的GDP 等于茅台一整年的营收还多等于300吨的黄金 - 而这个数据来自bStocks三个月的交易量再看看股票市场的现状一颗 2004 年的古董芯片涨价了 DDR2 一个二十多年前的老物件现在被炒到接近 1 美元洪水有多大看它淹到哪一层淹到考古层了🙃 AI 算力已经热到上游全面挤兑先看需求端两个信号 OpenAI 的 Astra 需求空前甚至可能暂停接收新 Pro 订阅一家公司生意好到考虑不收新客户这在商业史上叫限购 DeepSeek 年化收入约 5 亿美元今年已经砸了 16 亿建 AI 基建收入 5 亿投入 16 亿亏着也要买说明了什么？ - 再看供给端三条链同时吃紧光模块链激光器供应紧涨价从 SIVE 蔓延到 $AAOI 算力集群要靠光互联灯先亮线先贵存储链美光 HBM 产能翻倍还是不够 SK 海力士赶着开发次世代 3D DRAM 代工工艺 SNDK 走强连 DDR2 都被翻出来涨价封装基板链三星电机 + LG Innotek 抢 Intel 的 EMIB-T 基板订单直接挑战日本 Ibiden 的多年垄断消息一出 Intel 涨了 9% 缺货缺到连供应链的权力格局都开始松动还有一个最硬的信号 Intel 的 PC CPU 10月要再涨 10%！！！在充分竞争的市场里涨价是自杀敢涨价只有一种情况：知道你没得选这就是卖方市场的签名把这些串起来逻辑就一条所有人都盯着英伟达但这一轮真正的紧缺在更上游：激光器存储颗粒封装基板大家都在抢铲子而铲子也是要有人造的钱正在沿着供应链一层一层往上游渗而bStocks提供7000个热门资产并且还支持期权交易 7×24 全天候开放连周末都不打烊也提供给了就算平日工作忙只有周末才有时间的人交易的时间甚至TradFi合约支持多空交易提供更灵活的交易体验如火如荼的AI市场下也不难理解300亿交易量的由来了甚至这应该只是一个开始…. @binancezh #Binance

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300亿美元什么概念呢

300亿美元什么概念呢
等于90天里每秒钟都有近4000美金被成交
全球所有电影院一整年卖出的全部票房加起来差不多就这个数
差不多是冰岛一年的GDP
等于茅台一整年的营收还多等于300吨的黄金
-
而这个数据来自bStocks三个月的交易量
再看看股票市场的现状
一颗 2004 年的古董芯片涨价了
DDR2 一个二十多年前的老物件
现在被炒到接近 1 美元
洪水有多大看它淹到哪一层
淹到考古层了🙃
AI 算力已经热到上游全面挤兑
先看需求端两个信号
OpenAI 的 Astra 需求空前
甚至可能暂停接收新 Pro 订阅
一家公司生意好到考虑不收新客户
这在商业史上叫限购
DeepSeek 年化收入约 5 亿美元
今年已经砸了 16 亿建 AI 基建
收入 5 亿投入 16 亿
亏着也要买说明了什么？
-
再看供给端三条链同时吃紧
光模块链
激光器供应紧涨价从 SIVE 蔓延到 $AAOI
算力集群要靠光互联灯先亮线先贵
存储链
美光 HBM 产能翻倍还是不够
SK 海力士赶着开发次世代 3D DRAM 代工工艺
SNDK 走强连 DDR2 都被翻出来涨价
封装基板链
三星电机 + LG Innotek 抢 Intel 的 EMIB-T 基板订单
直接挑战日本 Ibiden 的多年垄断
消息一出 Intel 涨了 9%
缺货缺到连供应链的权力格局都开始松动
还有一个最硬的信号
Intel 的 PC CPU 10月要再涨 10%！！！
在充分竞争的市场里涨价是自杀
敢涨价只有一种情况：知道你没得选
这就是卖方市场的签名
把这些串起来逻辑就一条
所有人都盯着英伟达
但这一轮真正的紧缺在更上游：激光器存储颗粒封装基板
大家都在抢铲子
而铲子也是要有人造的
钱正在沿着供应链一层一层往上游渗
而bStocks提供7000个热门资产并且还支持期权交易
7×24 全天候开放连周末都不打烊也提供给了就算平日工作忙只有周末才有时间的人交易的时间
甚至TradFi合约支持多空交易提供更灵活的交易体验
如火如荼的AI市场下
也不难理解300亿交易量的由来了
甚至这应该只是一个开始….
@binancezh #Binance

BTC dips below 80,000, but the real signal isn’t in the candlestick chart—it’s that someone quietly changed the car

No need to say much about today’s market. BTC is hovering around 78,500. It closed yesterday at 79,116, down 1.54%. During today’s session it even probed lower. ETH closed at 2,491, down only 0.94%. SOL fell the hardest—103.87, down 2.43%. XRP was 1.3978, down 1.76%. (Intraday data is subject to real-time exchange feeds.)
First, explain why it’s falling
This pullback has nothing to do with crypto itself—it’s a money matter. U.S. employment data is insanely strong. The 10-year Treasury yield has risen to 4.80%, the highest since the end of 2023. The market went from expecting rate cuts at the start of the year to now betting on rate hikes instead, with the probability climbing all the way to over sixty percent.
And on top of that, the Middle East situation has made oil supply hard to come by. The most uncontrollable component of inflation is being kept under pressure—so even if the Fed wants to be gentle, it can’t be.

Nvidia has spent $12.9 billion to acquire Hugging Face—its 8-K filing is already done

Many people’s first reaction was “Old Huang is buying, buying, buying again.” But this deal is different. Hugging Face is the world’s largest open-source model and dataset distribution platform—essentially an “app store” for AI.

After selling shovels all the way to today, Huang suddenly bought the mine’s map as well. CUDA locks down the underlying compute power, while HF locks down the model distribution entry point. The moat has stretched from hardware all the way into the ecosystem.

The highest form of “catching up” isn’t sending flowers every day. It’s buying the shop she goes to every day, so wherever she goes, she can’t avoid you.

In the short term, compute power remains the hard currency—but keep in mind that delivery won’t be completed until the first half of 2027. Anti-monopoly review is the biggest variable.

The above is compiled from publicly available information and does not constitute investment advice

NVDAB-3.09%

Verified

ZEC climbs to 10th by market cap—up 370% in three months, pushing Dogecoin down

Many people ask how privacy coins suddenly became viable. Actually, it’s still the same ZEC. What changed is that it got an ID. Grayscale converted its trust into a spot ETF—institutions can now buy it legitimately and openly.

The pattern is pretty interesting. When something rises, it’s often not that it suddenly got stronger—it’s that it suddenly got permitted. Like certain relationships: it’s not that you improved; it’s that the other side finally agreed to acknowledge you publicly.

The privacy narrative has just caught fire. Don’t just treat it as a one-off squeeze—then keep an eye on whether the spot buy orders can hold up.

The above is a compilation of publicly available information and does not constitute investment advice

ZEC+8.06%

Don’t wait.

This kind of aggressive surge usually pulls all the way until you’re thinking about getting in but keep waiting for a pullback—waiting until your regrets turn your guts green. You want to get on the train but you’re afraid to. All you’re doing is waiting for a pullback.

But who knows? There wasn’t even a hint of a reversal—just nonstop brutal pumping with no end.

You tell yourself, “It’s fine. It will definitely pull back,” and you keep waiting.

Then it keeps surging day after day. Damn it—you finally realize, “Wow, it’s really going up!” You finally can’t hold back and you jump in.

And then… of course it’s time to drop. …. #btc

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Cold knowledge: None of the 328,000-plus bitcoins in the U.S. government’s hands were bought

First, let me tell you a fact that most people don’t know
The U.S. government has those 328,000-plus bitcoins
Not a single one was bought
They’re all seized via investigations—drug dealers caught, darknet items one by one confiscated and handed over
This figure was first disclosed this May by White House digital asset adviser Witt: 328,372 bitcoins, then worth about $25.4 billion
Then over the past couple of days, Trump has been making remarks
At the White House, he met with crypto executives and said the U.S. is considering “large-scale” purchases of Bitcoin
Treasury Secretary Bessent also floated the idea of increasing holdings; the market is excited
But I want to break down this news into three layers for you to see

This week has gone insane—but the credit isn’t in the crypto world. It’s U.S. Treasuries, the quiet buyer.

Today, at around midnight, BTC briefly touched 79,400—just $600 away from hitting 80,000. But once the U.S. session opened, it slid back to around 77,000. Within a single day, it gives you hope first, then leaves you with that aftertaste. A familiar recipe, the usual routine.
ETH has risen 25% over the past seven days, up and down around 2350—stronger than BTC. The ETH/BTC rate has already stuck right up against the old resistance line at 0.03 as it grinds, and grinds past it. In this round, ETH is the star.
Counting it for the whole week, this is BTC’s best week since 2023. Last week it was still in the cold palace; this week it’s gone straight back to the favored consort position.
As for why it’s going up—honestly, it’s not very romantic.
In one sentence, CoinShares research head Butterfill summed up what’s really going on: this wave is mainly a macro story, not one driven by crypto itself. The Treasury expanded bond buybacks; CPI came in below expectations; and nonfarm payrolls were weak. These three things lined up, giving rate expectations at the long end room to move lower. Risk assets collectively exhaled. Bitcoin was just the one that reacted most sharply.

Some people’s spotlight moments are someone else’s highest buy-in price

Unitree rang the bell at the SSE last Friday. The opening price surged to more than six times—up 629%. At one point, its market value briefly touched 444.9 billion yuan. That day, every post in my朋友圈 (WeChat Moments) was full of screenshots. Stories of making several hundred thousand from signing the trade flew everywhere.
For all the excitement, what I want to talk about is another set of numbers. From the peak—around 1100—over the past two days, it gave back more than 20%. Now it’s around 800+. That means that for the people who were most thrilled on the day it rang the bell and bought at the highest price, they’re currently sitting on an unrealized loss of about 37.5%.
This scene feels all too familiar. The most glorious moment of a company is often not the moment worth buying. It’s precisely the most expensive moment instead. All good news is put on display, and every emotion reaches its peak. You think you’re getting on the train—but in fact, you’re just being asked to exit for someone else to take over.

DCA Is Like a Lukewarm Relationship—Only Those Who Can Endure Stay at the Trading Table

I saw a particularly real example. A guy invests in a fixed amount every day—$300—sticking with it for 14 months. His holdings were 1.58 bitcoins, with an average price of 84,000. He was down about 26% recently, but after a big bullish candle, the loss narrowed immediately to 14%.
I stared at these numbers for a long time, and I felt that DCA—fixed-interval investing—was a lot like a calm, lukewarm relationship.
Usually it’s nothing dramatic at all. There’s no thrill of suddenly getting rich, and no heartbeat of going all-in. You even find yourself wondering every day whether this methodical, step-by-step approach is really worth it.
You can wait until the market really moves, then when you look back, you’ll see those people who are in endless ecstasy and despair, chasing highs and cutting lows—dancing in the trading arena every day—were washed out long ago. Instead, it’s you, the one who looks the most boring, who is still quietly staying at the table.

From Panic to Greed in a Week: The Market Turns Faster Than a Love-Obsession Brain A week ago, the sentiment index was still 29—panic. Now it’s over 70—greed. This isn’t a price chart. It’s a love-obsession brain’s ECG. The fuse was Clarity Act: Trump pushing Congress forward—moving things along with that bill that will clearly define whether crypto assets count as securities or commodities. Once the news broke, Bitcoin jumped 7.6% on the day, climbed above $74,600, and even touched $75,500 intraday. The total market cap returned to $2.56 trillion, with $128.7 billion in 24-hour trading volume. All figures are from August 20 to 21. First, my take: this rally isn’t a move in prices—it’s a move in certainty. In recent years, the industry’s most expensive cost was never gas fees. It was not knowing what the rules for tomorrow would look like. Projects didn’t dare build. Institutions didn’t dare allocate. Legal letters updated faster than the product itself. Now, regulation is finally willing to state things clearly. Even if the answer isn’t one you like, it’s still better than staying endlessly ambiguous. This is especially similar to dating. The most exhausting part is never the breakup—it’s the kind where someone doesn’t give you a clear answer for half a year, yet keeps hitting “like” every day. All your time cost gets smashed into guessing. Once the other side finally says whether you’re together—or that it’s over—you can go arrange your life instead. So I care more about whether this bill can truly land, not about how much the market has risen in these three days. Quick reminder: sentiment moving from 29 to 70 in just a week is risk in itself. People picking up chips in the panic zone are sitting on gains now. Those chasing in the greed zone are betting on the next positive catalyst. And catalysts—usually—turn into negatives starting on the day they’re realized. My approach is simple: a policy-driven market. Adjust position sizing according to legislative progress—not according to the K-line. When Congress holds a meeting, I check it. No matter how fierce the rally gets, I don’t add leverage. Policy can be pushed forward—or delayed indefinitely. Leverage, however, has no patience. Also look at the structure: Bitcoin’s share is 57.8%, Ethereum is 11%. Money is still flowing toward the mainstream. The alt-season rotation hasn’t truly started yet. If you want to catch altcoins, wait a bit more. Don’t substitute your emotions for someone else’s inside the greed zone. When the market is good, the hardest thing isn’t buying—it’s staying still. peace #Bitcoin #CryptoRegulation #MarketSentiment #MacroAnalysis

It’s not the coins that are rising, it’s the expectation behind a single sentence

These past two days the market has been like a rocket launch: BTC kicks through $75,000, ETH surges to 2400, XRP jumps more than ten percentage points in a day—everywhere you look it’s all bullish again.
But if you pull the camera back a bit, you’ll see this rally isn’t driven by fundamentals. It’s driven by that one line Trump said in the White House—urging Congress to pass the clear bill right away—then he conveniently announced the end of Chokepoint 2.0.
In one sentence, the market believes it.
The problem is that a real Senate vote has to wait until September 15. What’s rising right now is the expectation that the bill will be passed, not the fact that the bill has been passed.
This kind of expectation—I'm way too familiar with it.

From Panic to Greed in a Week: The Market Turns Faster Than a Love-Obsession Brain

A week ago, the sentiment index was still 29—panic. Now it’s over 70—greed.

This isn’t a price chart. It’s a love-obsession brain’s ECG.

The fuse was Clarity Act: Trump pushing Congress forward—moving things along with that bill that will clearly define whether crypto assets count as securities or commodities. Once the news broke, Bitcoin jumped 7.6% on the day, climbed above $74,600, and even touched $75,500 intraday. The total market cap returned to $2.56 trillion, with $128.7 billion in 24-hour trading volume. All figures are from August 20 to 21.

First, my take: this rally isn’t a move in prices—it’s a move in certainty.

In recent years, the industry’s most expensive cost was never gas fees. It was not knowing what the rules for tomorrow would look like. Projects didn’t dare build. Institutions didn’t dare allocate. Legal letters updated faster than the product itself. Now, regulation is finally willing to state things clearly. Even if the answer isn’t one you like, it’s still better than staying endlessly ambiguous.

This is especially similar to dating. The most exhausting part is never the breakup—it’s the kind where someone doesn’t give you a clear answer for half a year, yet keeps hitting “like” every day. All your time cost gets smashed into guessing. Once the other side finally says whether you’re together—or that it’s over—you can go arrange your life instead.

So I care more about whether this bill can truly land, not about how much the market has risen in these three days.

Quick reminder: sentiment moving from 29 to 70 in just a week is risk in itself. People picking up chips in the panic zone are sitting on gains now. Those chasing in the greed zone are betting on the next positive catalyst. And catalysts—usually—turn into negatives starting on the day they’re realized.

My approach is simple: a policy-driven market. Adjust position sizing according to legislative progress—not according to the K-line. When Congress holds a meeting, I check it. No matter how fierce the rally gets, I don’t add leverage. Policy can be pushed forward—or delayed indefinitely. Leverage, however, has no patience.

Also look at the structure: Bitcoin’s share is 57.8%, Ethereum is 11%. Money is still flowing toward the mainstream. The alt-season rotation hasn’t truly started yet. If you want to catch altcoins, wait a bit more. Don’t substitute your emotions for someone else’s inside the greed zone.

When the market is good, the hardest thing isn’t buying—it’s staying still.

peace

#Bitcoin #CryptoRegulation #MarketSentiment #MacroAnalysis

Xu Jiyin was sentenced today (Aug. 20) in the Shenzhen Intermediate People’s Court for his first-instance judgment. Multiple charges were consolidated and he was given a life sentence; he was deprived of political rights for life; and all of his personal property was confiscated, with a total fine of 15.82 billion yuan imposed for the Evergrande group. But on the day Xu Jiyin received a life sentence, I want to talk about something that very few people mention. He may be the most thorough person among China’s private entrepreneurs in “buying insurance” for “failure.” - Take a look at the hedges he put in place in advance. And the technical divorce from his longtime wife—so that, legally, she became an “independent third party.” According to reports, he set up a massive offshore family trust overseas, with his son as the beneficiary, claiming it would provide bankruptcy-remote protection. The son’s assets were transferred abroad early. In the years before the blow-up, he repeatedly took money out under the guise of dividends—round after round. Today, this has been written into the judgment. The charge is embezzlement of office. He didn’t not think about today. He thought of it earlier than everyone else—and he made a complete set of preparations! - Then look at how these defensive lines collapsed layer by layer. In September 2025, the High Court of Hong Kong pierced his offshore family trust. The liquidation administrators’ takeover scope directly included the assets inside the trust. The court’s logic in one sentence: when a trust is used to evade liability for debts, it is no longer protected. Today, the two sons received fixed-term prison sentences. Today, the judgment states that all his personal property will be confiscated. Illegal proceeds will continue to be pursued, and if there is any shortfall, he is ordered to make restitution. Every line of defense he designed for “failure” has failed completely. Why? Because he got one most fundamental thing wrong. Trusts, divorce, offshore structures—these tools isolate business risks. They are not tools that isolate criminal responsibility. What the court found was that from 2016 to 2021, there was ongoing large-scale financial fraud—inflating assets, concealing liabilities—bribing and securing control of financial institutions, and extracting credit and insurance funds. The money’s source is dirty. No matter how precise the container used to装 the money, it is still just packaging for stolen goods. - There’s another detail worth remembering. The judgment is clear: the creditors’ rights of ordinary homebuyers will be given priority protection. With 2.43 trillion yuan in liabilities, more than a thousand unfinished buildings, and 6 million property owners— A life sentence can punish one person. But that hole will take many people many years to fill. So the real lesson of this case isn’t as shallow as “don’t falsify.” It’s that asset-protection tools only protect clean money. If you use it to hold dirty money, it will hand you over too. Xu Jiyin got all the technical moves right. But he was wrong on one assumption.

The White House shouted and the coin jumped 11%—but it’s really the Treasury that pays the bill | August 20 evening recap

First, let’s look at today’s numbers.
BTC briefly returned to 71,834, the first time since early June that it has held above 70,000. Over the two days, it gained more than 11%. ETH is at 2,261, up more than 18% from Tuesday; SOL is up 11.5%; XRP is up 10.6%; BNB is up 4.3%; and DOGE is up 7.3%.
Over in the U.S. stock market, crypto stocks are even crazier: Canaan surged 20%, Circle jumped 8%, and Robinhood rose 5%.
News headlines all say: Trump called on Congress from the White House to pass the Clarity Act—and then the coin surged.
But let me say something that might not be very popular: today’s bullish candle—Trump is just the one who rings the doorbell. The one actually paying the rent is the Treasury.
First, let’s talk about what the Clarity Act is.

Xu Jiyin was sentenced today (Aug. 20) in the Shenzhen Intermediate People’s Court for his first-instance judgment. Multiple charges were consolidated and he was given a life sentence; he was deprived of political rights for life; and all of his personal property was confiscated, with a total fine of 15.82 billion yuan imposed for the Evergrande group.

But on the day Xu Jiyin received a life sentence, I want to talk about something that very few people mention.

He may be the most thorough person among China’s private entrepreneurs in “buying insurance” for “failure.”

-

Take a look at the hedges he put in place in advance.

And the technical divorce from his longtime wife—so that, legally, she became an “independent third party.”

According to reports, he set up a massive offshore family trust overseas, with his son as the beneficiary, claiming it would provide bankruptcy-remote protection.

The son’s assets were transferred abroad early.

In the years before the blow-up, he repeatedly took money out under the guise of dividends—round after round. Today, this has been written into the judgment. The charge is embezzlement of office.

He didn’t not think about today.

He thought of it earlier than everyone else—and he made a complete set of preparations!

-

Then look at how these defensive lines collapsed layer by layer.

In September 2025, the High Court of Hong Kong pierced his offshore family trust. The liquidation administrators’ takeover scope directly included the assets inside the trust.

The court’s logic in one sentence: when a trust is used to evade liability for debts, it is no longer protected.

Today, the two sons received fixed-term prison sentences.

Today, the judgment states that all his personal property will be confiscated. Illegal proceeds will continue to be pursued, and if there is any shortfall, he is ordered to make restitution.

Every line of defense he designed for “failure” has failed completely.

Why?

Because he got one most fundamental thing wrong.

Trusts, divorce, offshore structures—these tools isolate business risks.

They are not tools that isolate criminal responsibility.

What the court found was that from 2016 to 2021, there was ongoing large-scale financial fraud—inflating assets, concealing liabilities—bribing and securing control of financial institutions, and extracting credit and insurance funds.

The money’s source is dirty. No matter how precise the container used to装 the money, it is still just packaging for stolen goods.

-

There’s another detail worth remembering.

The judgment is clear: the creditors’ rights of ordinary homebuyers will be given priority protection.

With 2.43 trillion yuan in liabilities, more than a thousand unfinished buildings, and 6 million property owners—

A life sentence can punish one person.

But that hole will take many people many years to fill.

So the real lesson of this case isn’t as shallow as “don’t falsify.”

It’s that asset-protection tools only protect clean money.

If you use it to hold dirty money, it will hand you over too.

Xu Jiyin got all the technical moves right.

But he was wrong on one assumption.

Stuck for six weeks—this needle finally went into the shorts | Evening Recap, August 19

Let’s look at the numbers first.
BTC 68772 up 6.10% intraday, pierced 68000 directly late at night. ETH 2095 up 9.31%, back above 2000. SOL 82.07 up 6.42%. XRP 1.07 up 6.32%. BNB 619 up 2.61%.
This afternoon I was still saying that BTC volatility has been squeezed to multi-year lows. The candlesticks move like an ECG that’s about to stop—it had to move after being held in too long. But then at night it moved. And the direction—most people guessed wrong.
Starting from July 8, BTC churned back and forth between 61,500 and 66,900 for a full six weeks—six weeks. You could have a relationship and break up twice. It churned on until nobody even cared anymore. The more shorts you stacked, the more comfortable it felt, like the market was just dead water.

The Coin Price Stays Flat, While RWA Secretly Jumps More Than Two Times

The market has been flat for a while. Bitcoin at 64,428 is up just 0.2% in a day—basically like it didn’t really rise. Ethereum is still stuck before the 1,900 threshold, repeatedly testing it. It’s just like that kind of ex who keeps saying they want to get back together every time, but once they reach the doorstep they turn around and walk back. Total market cap across the whole network is 2.29 trillion, up 0.5%. Trading volume is 45.6 billion. All of the above are day-of figures. Put simply, everyone is waiting—no one wants to move first.
But if you only stare at the candlestick chart, you’ll miss what’s been truly growing this year.
The RWA scale on Solana was around 1.4 billion at the start of the year, but by early July it had set a record at 3.62 billion. In a little over half a year it has grown about two and a half times, and yet the coin price hasn’t doubled along with it. That’s really interesting—it suggests that what’s coming in isn’t retail sentiment. It’s assets moving houses.

Everyone has been saying “it’s coming soon this week,” but “soon” never means “here yet.”

Today’s market still looks the same old way: BTC opened at 62,800 and slowly ground its way up to around 63,800. ETH moved its feet a bit between 1,874 and 1,895. In the 62,000 to 65,000 range, it’s been locked in for a full week (data for August 17).
First, let’s talk about up or down. The gains today are pretty perfunctory—still down 3% for the week. It’s the kind of行情 where you watch it for half an hour and it barely moves; even the trading volume didn’t pick up. This isn’t the main players holding back a big move—it’s that nobody wants to act.
The real highlight is all on this week’s calendar.
The Wyoming Blockchain Summit opens today and runs through the 20th. Around five hundred investors and policymakers gather in Jackson Hole to discuss whether Bitcoin counts as a store-of-value asset and what direction regulation should take.

What the hell is “Niu Lai,” but it might be the most honest lesson of the year

A few days ago, I asked in a group chat: “What the hell is ‘Niu Lai’?” The next thing I knew, dozens of people screenshot it.
Later, I went to watch it seriously, and the more I watched, the more it felt like—this isn’t funny at all. It kind of hits you where it hurts.
First, let me make it clear what it is: an animated movie called “Niu Lai.” The director and his mother made it by hand for five years. The visuals look so rough you’d think it’s from ten years ago—like a Flash from back then. During the first ten days after release, one day’s box office was 188 yuan—you didn’t read wrong, it was 188. The price of a movie ticket.
Then it got popular—not because it’s good-looking. Quite the opposite: because it’s so rough. Rough to the point that it became a catchphrase. The whole internet started using “Niu Lai” memes and expression packs. Box office earnings multiplied by thousands within a few days, surging to over 5 million.

BNB-0.36%

Everyone says it’s coming soon this week—but “soon” never really means it’s here yet.

On Monday, the market is still pretty much the same old story. BTC has been hovering around 63,000 and has been slightly up over the past 24 hours. ETH is staying around 1,900—between 62,000 and 65,000, and that range box has been closed for the entire week (data for August 17).
First, about the price—there really isn’t much to say this week. It’s down about 3 percentage points over the week. It’s the kind of market where you stare at it for half a day and it only moves one hair.
The real main event is all on this week’s calendar.
The Wyoming Blockchain Summit is starting today and runs until the 20th. It’s at the Four Seasons in Jackson Hole, with a few hundred investors and policymakers gathered together to discuss whether Bitcoin counts as a store-of-value asset, and what direction the regulatory framework should take.

The country is stockpiling coins, but the index wants to kick out the companies that are stockpiling coins

Saturday’s market is quite dull. BTC 62812 fell 0.92% over the past 24 hours and 3.34% over the week. ETH 1876 is also not showing much of a reaction. The range between 62000 and 66000 has been grinding for a full week (data for August 15).
The two things worth talking about most this week are actually not the price, but two events happening at the same time.
On one side, next week the White House plans to hold a crypto summit. Trump is expected to attend. The strategic Bitcoin reserve is preparing to update. The U.S. government currently holds 328372 BTC, the largest sovereign holder in the world. In the bill version, it says that within five years, using a budget-neutral strategy, it will buy a full 1,000,000 coins.
On the other side, on August 14, MSCI issued a consultation paper asking to remove non-operating companies from the global index. Based on current definitions in backtests, Strategy and Metaplanet would both be excluded from the ACWI IMI. The feedback period ends September 30, with the earliest possible review effectiveness in November.

SEC has written the first “birth permit” for the crypto world, and the market doesn’t even look at it

Yesterday, the US SEC held a meeting and put the Regulation Crypto draft on the table. This is the first formal crypto rule drafted during the chair’s term. After arguing about it for so many years, someone has finally bothered to put the words onto paper.
In practice, it’s actually quite straightforward: projects under five million US dollars are exempt outright; those within seventy-five million follow a simplified track. They also left a safe harbor. The founding team completely lets go—once the network can run on its own, this token no longer counts as a security.
In plain language, it means: you have to prove that this relationship can survive without me. Only then will I admit that you’ve truly grown up.
Unfortunately, today’s meeting was just to put the draft out for public feedback. Real implementation won’t happen until 2027. Last week, the Senate took off for a five-week break and left—this legislative route is effectively blocked. The regulators have no choice but to roll up their sleeves and do the homework themselves.