BNCEX

It’s really not let people down—always great gifts from Bn. This Mid-Autumn Festival gift box’s shoes and socks are really nice; I’m quite satisfied with them.

The old Americans raise interest rates as scheduled. So once they start raising, they won’t just raise it once.
Now we can follow the script 😏

Over the next few days, there will be many events. Everyone, please watch out for risks~ ​​​

I mess around randomly—better spend a few minutes every day asking an AI.
After all, the smartest thing in the world right now is AI.
The smartest teachers in the whole world let you ask any question you want—this is what this era is all about 😁

I thought the 80/20 rule was already cruel enough.
But reality is even crueller than theory.😅

Jing Tian has a little essay, so why doesn’t Gu Ling have one?

Bro, what’s going on—don’t tell me he’s going to fall over 😂

Waking up and my pocket money is back again
​This wave of the Fibonacci 0.618 level is the pullback’s lowest point. Although Momi sold brutally, it still follows the rules properly.

​What I didn’t expect is that it already started rising yesterday. According to the script of the “hardcore players,” even though the earnings report came out last night and the bad news has been digested, shouldn’t it have shaken the greens again today? It even wanted to add up to 100,000 shares—looks like there’s currently no chance to add. I’ll wait until later today and buy another 2,000 shares to make it look a bit nicer and total 80,000.

​As for Momi, it looks like the second wave correction has already finished. Next, if a true third wave comes, then you know.

​For now, I’m just messing around with stocks. I’ll leave the 200+ I made profit with in there—tens of thousands, temporarily not withdrawing or depositing more. Let’s see how much I can play with. Ideally, I can also become a withdrawal-machine-style “hardcore player,” like that guy over in some circle.

​Next, the focus shifts back to that circle. What I’m thinking is that the big coin will complete a full-position all-in bottom catch within the next three months. I hope the dog-whole-house (market maker) gives us a chance.

​

What can I do? I can’t help it 👀

NASDAQ officially announced that the 23-hour trading system (23/5) will be launched on December 6, 2026, and has already received approval from the U.S. Securities and Exchange Commission (SEC). At that time, the U.S. stock market will close for only 1 hour each day (20:00–21:00 Eastern Time) for system clearing and data processing, while trading will remain continuously open for the rest of the time.

Alright, U.S. stock traders don’t have to rest anymore.

Firmware has been updated, but that doesn’t mean old wallets are already safe.
COLDCARD has recently been reported to have a security issue.
The problem is that when generating the seed phrase, the “random number generator is not random enough.” It appears the mnemonic can’t be guessed, but in reality it may be narrowed down to a range an attacker can try.
The official team has released a fixed firmware. However, updating can only prevent the generation of problematic mnemonic phrases in the future; it won’t automatically make old seed phrases safe.
If your seed phrase was generated by an affected version, the right approach isn’t just to upgrade: first install the fixed firmware, then generate a brand-new seed phrase, verify your addresses and do a small test transaction, and finally migrate your funds.
My take: this doesn’t mean all hardware wallets are unsafe. It’s a reminder that an offline device can only prevent private keys from being leaked—it can’t save you from a key that might have been guessable from the start.
If your wallet is within the affected range, will you migrate immediately, or wait for more conclusive investigation results?

Coinbase released its Q2 earnings on July 30: total revenue was $1.22 billion, below market expectations; subscription and services revenue was $555 million, accounting for 48% of net revenue.
The company said that 88% of net revenue came from activities outside BTC spot trading. During the quarter, the platform’s average USDC holdings reached $20 billion, and the company forecast that market contract volume and revenue would grow quarter over quarter by 106%.
What everyday holders may overlook is that revenue diversification also means the platform’s momentum is shifting toward stablecoin balances, derivatives, and event contracts—not just helping users buy and sell spot.
The business structure has indeed broadened, but total revenue is still declining. “Not just betting on BTC” is a factual description, while “having already moved beyond the coin price cycle” is not yet supported by evidence.
Would you rather see Coinbase as a crypto brokerage, or as an infrastructure provider for stablecoins and derivatives?

Last night’s Federal Reserve “three rate hikes” votes showed the kind of major disagreement that hadn’t been seen since ten years ago—the September 2016 vote.
The situation is somewhat different, but also very similar. Back then, the Fed restarted its rate-hike cycle within three months. This time, the market currently expects a rate hike in September with a probability close to 80%, and afterward it’s likely that the Fed could restart the rate-hike cycle as well.
Put more bluntly: this time is more serious. For five consecutive years, annual inflation has been above 2%, and even with high interest rates, they still haven’t been able to bring inflation down.

So could the script be like this: starting in September, rate hikes begin, and over the following two months—September, October, and November—the market’s “big picture” could follow the bear-market script and drift down to the bottom in line with market expectations, without breaking the four-year bull-bear cycle.
#美联储会议

The most steadfast Bitcoin buyer: no purchases for five straight weeks
As of the week of July 26, Strategy made no buy or sell transactions in BTC; its holdings remain at 843,775 BTC. This marks the fifth consecutive week without adding to its position.
Meanwhile, the company sold about 5.43 million shares of MSTR, raising about $544.5 million, and increased its cash reserve to $3.75 billion. The company said the reserves can cover approximately 2.1 years of preferred stock dividends.
The fact is that funds flow first to liquidity reserves. Inference-wise, this doesn’t necessarily mean a bearish view on BTC; more likely, it indicates that the capital structure is starting to constrain the “unlimited buy” narrative. What ordinary BTC holders may easily overlook is not what Saylor posted, but equity dilution, dividend pressure, and debt obligations.
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The exchange that invented perpetual contracts is set to leave the historical stage.
BitMEX announced: it will close the exchange on September 23 and has stopped new user registrations; after August 26, only position reductions will be allowed, and remaining positions may be subject to forced liquidation.
What’s interesting is that BitMEX claims it has operated for 11 years and has never lost users’ funds due to a hacker attack.
This shows that: only security and product innovation can keep an exchange alive; it’s liquidity, user scale, and regulatory channels that determine whether it can stay on the table for the long term.
Even an exchange with a solid security track record gets eliminated—do you think the real moat is product and liquidity, or regulatory resources?$NVDA.US

SBF must not be pardoned “under any circumstances”. That explosive head is finished 😂

Hangzhou is pretty close, so I came to join BN's World Cup viewing event.

Damn!
More than 3,640 AVN items in stock have expired!
Damn, I just noticed!
Hundreds of dollars are gone.
My aching soul is bleeding from this grind.
Several fresh batches are gone too 😭😭😭

GPT-5.6 Is Here: A Guide to It and Its Three Models
On July 9, 2026, OpenAI officially released its new-generation AI model, GPT-5.6. Simply put, it’s smarter than the previous generation, faster at getting work done, and more cost-effective. The biggest change this time is: it’s no longer “one” model—it launches three at once, so you can choose based on your needs.
Below, I’ll explain it in plain language.
Three models—like choosing transportation
OpenAI gave the three models very romantic names: the Sun, the Earth, and the Moon.
Sol (Sun) — The all-around flagship
The smartest and most capable one. For complex code, deep analysis, and multi-step complex tasks—give it to Sol. It’s the choice for “money’s no object, and we want the best.”
Terra (Earth) — The balanced, practical option
Performance is about the same as the previous-generation flagship, but the price is half. For everyday work, writing documents, and looking things up—fully sufficient. It’s the “good and worth it” tier, and for most people, using Terra is enough.
Luna (Moon) — The lightweight, budget-friendly option
The fastest and cheapest. Great for simple Q&A, chatting, and quickly handling small tasks. It’s all about “fast and cheap.”
One-sentence memory: Choose Sol for the strongest, Terra for the best value, and Luna for cheap and quick use.
Where is it actually stronger?
Better at writing code: it scored high on professional programming benchmarks, and it can complete tasks with fewer “words” (tokens)—meaning it’s both faster and more economical.
Can work with your computer: it can click through web pages, fill in forms, and run workflows—helping you with things you’d otherwise have to do manually.
Can do “knowledge work”: making PPTs, writing documents, organizing tables and other office tasks are more reliable than before.
Can “team up” to get things done: when you hit an especially difficult task, it can automatically coordinate up to 4 “little assistants” to collaborate and finish it.
How much cheaper is it?
Per 1 million words (tokens), it’s roughly:
Sol (Sun): input $5 / output $30
Terra (Earth): input $2.5 / output $15
Luna (Moon): input $1 / output $6
The lower you go, the cheaper it gets. For everyday use by ordinary people, it’s absolutely affordable.