唐华斑竹

Meme coin “Bull comes” market cap has broken through 46 million USD, but it has nothing to do with most people at all. The crypto market is getting more and more bearish—it's been a few years already. Aside from occasionally talking about memes, there’s basically nothing good to discuss in the crypto space.

But when it comes to playing memes, the most important thing isn’t betting right—it’s being able to afford the risk and being able to take the loss. Most people can’t afford to lose, so it’s still better not to obsess over the next CA. Instead, be more practical: think about how to keep from losing money, and how to consistently earn 100U every day with the lowest risk possible. Maybe that’s more valuable for life.

If you can make 100U every day, that’s roughly 700 RMB. After a month, that’s over 20,000 RMB in income—basically equivalent to a pretty decent job. You can maintain a modest middle-class household, and it’s also easier to explain to your family. That’s 240,000 RMB in income per year, which is still very good. $BNB

Finally I understand why many units value the first educational background so highly!
For example:
1. Jia Qianqian’s first education was a junior college; in the end, a doctorate was almost within reach, and the PhD supervisor was his father.
2. Han Hong’s first education was primary school (she dropped out in the second year of junior high). In the end, she obtained a graduate degree from the PLA Arts College, and her supervisor was Li Shuangjiang. $SOL

23-hour trading! US stocks become a “global unified gambling hall”

The United States has once again made history. The U.S. has finalized new trading rules. Starting now, Nasdaq will trade for 23 hours every day. Aside from one hour each day for system maintenance, all the rest of the time is for trading. The market will operate 5 days per week—from Sunday night at 9:00 p.m. to Friday night at 8:00 p.m. You can trade to your heart’s content.

The new rules take effect on December 6. That means by the end of this year, we won’t have to stay up late watching U.S. stocks. Going forward, during the day we’ll trade U.S. stocks in the East, and at night in the West—money truly never sleeps.

Why is the U.S. doing round-the-clock trading at this moment? The most direct reason is simple: they’re eyeing our money.

With A-shares seeing daily trading volumes of two to three trillion yuan, and Hong Kong, Japan/Korea, and even India all reaching unprecedented levels of activity—so much money is moving. But U.S. stocks aren’t open for trading. The U.S. must be losing sleep, thinking: what a waste! They’re saying, no matter what, they have to get a piece of the pie.

The U.S. SEC estimates that extending trading hours would boost the average daily trading volume of U.S. stocks by 20%, attracting an additional inflow of foreign capital at the scale of one trillion dollars. Put plainly: “I’m looking at your money. I want to pull all your money into my venue and turn your existing funds into my incremental funds.”

The U.S. isn’t doing charity. If they open the market so global capital can all go over and make money, it’s not that simple. U.S. stocks’ total market value makes up two-thirds of the world’s total market value, and foreign investors hold U.S. stocks worth $1.7 trillion. It’s like in U.S. history: immigrants created the prosperity of the United States. And now, capital migration is also creating the prosperity of U.S. stocks. Nasdaq has risen for four consecutive years. The “seven tech giants”—just these seven companies—have a combined market value of about $2.2 trillion, which is more than all A-share companies combined.

With companies of this scale, sustaining the upward trend requires huge amounts of incremental capital. And after U.S. stocks open all day, the very first job of the incremental capital is to absorb the liquidity of tech stocks. On the surface, the U.S. is making it convenient for global investors. In reality, it’s about siphoning liquidity from other markets—adding fuel to the fire for artificial intelligence. $SOL

Prices don’t go up—constant nonsense upgrades all day.
Ethereum’s next upgrade “Hegotá” is entering the planning phase, with 66 EIPs vying for the 2027 hard fork
Ethereum developer Toni Wahrstätter posted on X that Ethereum’s core developers are planning the next annual upgrade, “Hegotá.” At present, 66 Ethereum improvement proposals (EIPs) have entered the candidate list. Several upcoming core developer meetings will screen these proposals, ultimately determining the upgrade content that can be completed and implemented, with devnet testing, testnet deployment, and the potential to go live in 2027. Proposals that are not included in Hegotá will be pushed to the next hard fork. Therefore, the current selection process has a major impact on Ethereum’s future development direction.

So far, FOCIL (Fork-Choice Enforced Inclusion Lists) has been confirmed as one of the key upgrade items for Hegotá. Developers believe that, when combined with framework transactions (EIP-8141), key-based Nonce (EIP-8250), and root references (EIP-8272), it will help build native privacy capabilities—allowing privacy applications to run without relying on third-party intermediaries.

In addition, improving scalability is also an important focus for Hegotá. Developers suggest that by repricing data resources (EIP-8131, EIP-8279) and increasing state growth costs (EIP-8368), Ethereum can prepare for a future further increase of the Gas limit to 600 million. Although these improvements are not as immediately intuitive as the privacy features, they are considered critical work for pushing Ethereum’s scaling in the near term.

Other candidate upgrades include shorter block times (EIP-8198), adjustments to the issuance mechanism (EIP-8363), anti-correlated penalty mechanisms (EIP-7716), EVM optimizations and simplifications, as well as early discussions of EIPs related to zkEVM and post-quantum cryptography.

It is reported that Hegotá cannot include all features expected by the community. The core team will need to make trade-offs between the “future vision” and “near-term deliverable upgrades.” As a result, most candidate EIPs may ultimately not make it into this upgrade.

Currently, 256 days have passed since the start of the ongoing Glamsterdam upgrade. The goal is to complete deployment by the end of this year. Hegotá is planned to go live in 2027. In the coming months, core developers and the community will hold discussions around the priority of various EIPs.$ETH

SK Hynix leverage ETF traps at high levels are hard to get back to even: losses exceed 76% on average; breakeven requires a rise of over 300%
Although SK Hynix and Samsung Electronics’ share prices have recently rebounded, investors who bought near the late-June peak are still facing major losses. According to data from the Korean Exchange, for investors who bought at the June 25 peak, the declines for seven SK Hynix leveraged ETFs ranged from -75.98% to -76.75%, with an average loss of 76.51%. For Samsung Electronics, the seven single-stock leveraged ETFs’ day-of cumulative returns ranged from -51.64% to -52.76%, with an average loss of 52.25%. If investors had put in 1 million won each at the time, the SK Hynix leveraged ETFs would now be worth only about 235,000 won; while Samsung Electronics leveraged ETFs would be worth only about 478,000 won.

Because leveraged ETFs have nonlinear return characteristics, getting back to the original principal after losses is far more difficult than the drop alone suggests. Data shows that Samsung Electronics leveraged ETFs need to rise by about 109.4% to recover the principal, while SK Hynix leveraged ETFs need to rise by about 325.7%. In other words, a 50% loss requires a 100% gain to breakeven, while a 75% loss requires a 300% gain.

Analysts note that single-stock leveraged ETFs typically track 2 times the underlying asset’s daily return, not simply the corresponding stock price increase. Since the leverage ratio is recalculated every day, ongoing volatility creates “volatility drag,” meaning that even if the underlying share price returns to a prior level, ETF investors may not necessarily be able to fully recover their principal. $SOL

The era of unlicensed crypto platforms growing wildly has ended. It’s likely that a large number of exchanges will go under again. After the EU MiCA regulations fully take effect on July 1, more than 1,700 unlicensed crypto platforms have been ordered to stop providing services and to redirect users to licensed platforms. Currently, only 323 companies hold valid licenses. About 10 million users need to migrate their assets.

If you’ve only got small amounts of money, move your funds to the top platforms or on-chain as soon as possible. Before you transfer, remember to check the big platforms’ announcements. Yesterday I saw that Binance already issued an announcement saying it will stop processing transactions involving 16 crypto platforms. The restrictions will take effect in three batches on August 7, August 13, and August 23. Users may not directly or indirectly send or receive assets with the relevant entities after the corresponding dates. If your current exchange is on the shutdown list, don’t transfer around randomly—be careful that your funds might get frozen after you move them, which would be a real headache.

One more reminder: many scammers are taking advantage of this to impersonate regulators and licensed exchanges, sending fake migration notices to trick users into transferring their assets to forged platforms. The French financial markets regulator (AMF) said that scammers disguised themselves as its employees to obtain funds by charging “management fees.” The European Securities and Markets Authority (ESMA) confirmed that its identity and markings were being misused. The Dutch financial markets regulator (AFM) warned that the migration of unlicensed exchanges itself has become an attack vector. It recommends that users verify service providers through ESMA’s official register and be wary of any behavior where someone proactively contacts you and asks you to transfer funds.$SOL

The era of unlicensed exchanges growing wildly is over—more exchanges are likely to go under again. If you have all your money in a small exchange, move it to Binance as soon as possible.
After the EU’s MiCA comes into effect on July 1, more than 1,700 unlicensed crypto platforms have been ordered to stop operating and to direct users to licensed platforms; currently, only 323 companies hold valid authorization. About 10 million users need to migrate their assets. Scammers take advantage by posing as regulators and licensed exchanges to send fake migration notices, luring users into transferring their assets to forged platforms. The French Financial Markets Regulator says the scammers disguise themselves as its employees and骗取 funds under the guise of charging “management fees”; the European Securities and Markets Authority confirms that their identity and logos were abused. The Dutch Financial Markets Regulator warns that the very act of migrating from unlicensed exchanges has become an attack vector. It advises users to verify service providers via the official register of the European Securities and Markets Authority, and to be wary of any actions that involve being contacted proactively and asked to transfer money. (CoinDesk) $BNB

Now the most worrying thing about hardware wallets is this. For small retail investors, it’s better to keep your coins on Binance—at least if you lose them, you can argue with customer support.
CZ released a SafePal security incident alert: beware of phishing attacks, YZi Labs is one of its minority shareholders
CZ posted on X a SafePal security incident reminder, urging the community to be on guard against phishing attacks, while also disclosing that SafePal is one of the investment portfolio companies of YZi Labs (formerly Binance Labs). YZi Labs is currently also a minority shareholder of SafePal. $BNB

Honestly, it’s still safer to use Binance.
About 1,700 BTC was stolen by the top 10 Coldcard attack groups. The largest group stole over 1,080 BTC.
According to monitoring by Bitcoin News, Galaxy Research’s analysis identified that the various groups carrying out attacks used seeds on COLDCARD devices with weaker security. The groups have different characteristics. Just the 10 largest groups collectively transferred about 1,700 BTC, with the largest group transferring over 1,080 BTC. Researchers distinguished between the attackers based on patterns such as fee strategies, transaction times, aggregation methods, and where the stolen bitcoins were sent. Multiple of the largest groups are still suspected of holding nearly all of the stolen BTC. Victims of COLDCARD attacks can contact @intangiblecoins to help collect evidence and reach out to the relevant authorities. $SOL

It’s all over now.
CZ publicly transferred 1,440 BNB and 182,620 Binance Life tokens to Giggle Academy from his public address, worth $965,000
Early this morning, CZ’s public address transferred $965,000 to Giggle Academy, including 1,440 BNB worth about $872,000, and 182.62 million Binance Life tokens worth about $93,000. Late yesterday evening, CZ said he would donate the BNB in the public address and the Binance Life tokens purchased using BNB to Giggle Academy. He then plans to stop using the address and turn it into a burn address to prevent the community from over-interpreting the activity. $BNB

Is this good news?
UBS increases its BlackRock Bitcoin ETF holdings by more than three times to nearly $90 million
UBS increased its BlackRock Bitcoin ETF holdings by more than three times to nearly $90 million, with its IBIT call option exposure growing 24-fold in the second quarter. $BTC

Binance will list six U-based perpetual contracts of ChangXin Technology and others
According to an official announcement, Binance will launch six U-based perpetual contracts—GDXUSDT (VanEck Gold Mining ETF), NETUSDT (Cloudflare), VSTUSDT (Vistra), SHOPUSDT (Shopify), LYTEUSDT (Lyten), and CXMTUSDT (ChangXin Technology)—between 13:30 on August 17, 2026 and 05:00 on August 18, 2026 (UTC). The contracts support up to 20x leverage, the funding rate settlement frequency is once every eight hours, and multi-asset mode is supported. $SOL

Brothers, pay attention: if you have assets on the following platforms, don’t withdraw to Binance in the near term—be careful of account freezes.

Binance has stopped processing transactions involving 16 crypto platforms. Relevant wallets or parties may be subject to compliance reviews.

Crypto exchange Binance will stop processing transactions involving 16 crypto asset service providers. The restrictions will take effect in three batches on August 7, August 13, and August 23. Users are not allowed to directly or indirectly send or receive assets with the relevant entities after the corresponding dates.

The related platforms include Shelbit, Aban Tether Exchange, A7 Nigeria, A7 Africa, HTX, EXMO, Rapira, Bitpapa, Exnode, and others. Transactions initiated after the effective dates may be temporarily withheld and subjected to compliance review, and affected wallets may face temporary restrictions.

The United States has imposed sanctions on Shelbit and Aban Tether, which involve Iranian crypto networks; the UK has also imposed sanctions on trading platforms related to Russia and the A7 network. A7 stated that it transferred more than 90 billion USD in funds in the previous year. (Bitcoin.com News) $BNB

Oh, even if that’s the case, cryptocurrencies have really been around for years with no signs of improvement—getting weaker and weaker.
CZ responds to the CEO of the World Gold Council, saying BTC will go to zero: Many people previously misjudged crypto
In a recent interview, the CEO of the World Gold Council said that Bitcoin will ultimately end up “going to zero.” The CEO said, “My personal view on Bitcoin is that it will go to zero.”

In response, Binance co-founder CZ said that many people have already made wrong judgments about cryptocurrencies in the past, but understanding this field takes time. He said, “I also can’t be 100% sure I’m right, because after all, we are all human.” $BTC

Is there a Bitcoin-like airdrop?
BIP-110 Fork Chain: only 4 blocks were mined in 7 days, with a planned switch to Blake2b in September.

The BIP-110 branch left the Bitcoin mainnet on August 8 at block height 961632. The Roughnecks mining pool then mined only 4 blocks over the following 7 days, leaving the on-chain progress at 961635.

Supporters of BIP-110 plan to switch the proof-of-work hash function from SHA-256 to Blake2b as early as September. The related development will require adjusting block header verification, and upgrading mining pools, wallets, browsers, and indexing tools.

This forked coin has not yet received support from trading platforms, and there is no market price. More than 400,000 transfers are awaiting confirmation. Due to the lack of replay protection, many transfers were generated unintentionally by users. Tokens mined by Roughnecks can only be used after receiving 100 confirmations.$BTC

CZ Responds to Burning Meme Coins: Will Stop Using Related Addresses and Donate BNB and the "Binance Life" to Giggle Academy
CZ posted on the X platform in response to burning Meme coins. He said: “Too many people try to over-interpret ‘What does this act mean?’”

Today, I tested @TrustWallet. I found that my wallet had so many meme coins that it was even hard to find BNB, so I tried to burn some tokens. The result was that even this action sparked a lot of community discussion.

I realized that I can never “clean up” the meme coins on this address completely. The more I burn, the more people send coins to this address.

Because of the transparency of the blockchain, any activity on this address will be over-interpreted by the community.

I even considered asking the Trust Wallet team to add an “Ignore Coin” feature to prevent the interface from getting cluttered, but 99.99% of people wouldn’t use it anyway.

So the plan is as follows: I will donate the BNB and the “Binance Life” tokens bought with BNB to Giggle Academy. After that, I will stop using this address and make it a burn address. “ $BNB

The box office of the film “Niu Lai” has already easily surpassed 3 million, with its daily box office rising to within the top seven in the country on Maoyan, and the buzz online is also steadily increasing. Based on the current situation, breaking 10 million seems almost effortlessly within reach.

Beijing’s young people are really giving it a big push. I just checked the nearby theaters—most are basically sold out. It’s really on fire!

A shoddy, slapdash film with no promotion, made purely by “handmade” work, yet it somehow relies on this questionable reverse tactic to pull countless netizens into theaters. Almost everyone online is talking about this film. People are all wondering exactly how brutal it is, how over-the-top it gets, and how absurd the “space” can be. The buzz is so high that it surpasses any currently released film.

The director has already posted an update, saying it took five years to “scrape together” a rough film—at its core, it’s an attempt driven by a dream. As for whether “Niu Lai” is really to chase a dream or to scam subsidies, time will have to tell. $BNB

What’s a “doomsday start” in life? At age 10, both parents died, and he wandered alone for 7 years. Before turning 17, he hadn’t gone to school for a single day, and he could only recognize a few Chinese characters. At 31, his company was listed on NASDAQ, and his net worth reached 13.5 billion. Even authors of online novels don’t dare to write a story like this—the person is Zhang Junjie, founder of Bawang Chaji. $SOL