AB Kuai Dong

I am very glad to meet CZ in Tokyo. This is his return to Japan after 7 years, and during this time, the entire industry has undergone tremendous changes.

At this event, I asked CZ a question: How do you view the on-chain of everything and the tokenization of stocks?

He replied: There have not yet been large-scale coin-stock products on the market. The possible reason is that each country and region has different policies, making it difficult for coin-stock investors to receive dividends and easily redeem stocks. There are also price differences during trading. However, projects on the chain are usually global in nature, which was a significant pain point back then.

Restrict areas or try to solve it?

But he reiterated that the trend of RWA cannot be stopped. $BNB

After more than a year of inactivity on social media, Peking University mathematician Wei Dongyi has suddenly updated his posts recently and has started selling products. The elementary and middle school math exercise books he endorses went on sale just now and sold out more than 2,000 copies in seconds..

After Binance co-founder CZ hinted that the bottom of cryptocurrencies was coming, Bitcoin rose 20% in just 2 days.

At the time, after he posted this tweet, within just 1 hour, this market cycle took off.

Oh my— even if raw material prices rise and overseas sales decline, Pop Mart’s gross margin is still as high as 69.7%. Looks like blind boxes and whatever’s inside them really don’t have much production cost.

No wonder so many vendors take the risk to make counterfeit goods.

Actually, looking back at the past few years, for Bitcoin and major coins, there are only those 10 to 20 days in the year when there are big fluctuations—if you miss them, then you completely miss them.

Treasure every minute and second when the market is moving.

The English region is about to get OpenAI's Codex blasted, because lately quite a lot of people using the ChatGPT Codex tool suddenly found that their quota was being consumed unusually fast.

For example, previously they could use up their quota within a week, but now it might be gone in just one or two days—even in the official client. So over the past few days, everyone has been complaining that OpenAI must have secretly cut their quota.

Currently, Tibo, who at OpenAI is responsible for Codex, posted a response saying: we haven’t quietly changed the quota. Many people who say their quota is acting strangely are actually using a tool called sub2api (a shared interface).

Sure enough, after this guy posted the tweet, the comment section still wasn’t buying it—because many people haven’t used sub2api at all. They’ve only been using the official app properly, and their quota has still been shrinking.

And the community widely suspects that maybe the model itself is consuming more resources, or there’s a bug in the backend statistics—anyway, users’ quotas are getting reduced.

This surge in gold and bitcoin—Nomura has provided the rationale behind it.

Nomura believes that the U.S. Treasury’s sudden announcement to increase long-term Treasury repo operations is itself relatively small and only addresses the symptoms rather than the root problem. If the bond market continues to deteriorate, policymakers are likely to resort to even more forceful liquidity measures—for example, further implementing yield curve control (YCC) or truly conducting quantitative easing (QE).

And recently, yields on 10-year Treasuries—and especially 30-year Treasuries—have risen very quickly, to levels not seen in years. The higher the interest rates, the more expensive it becomes for the government to borrow itself; mortgage rates and corporate loan rates also rise, causing the market to slip into panic. That’s why the Treasury has stepped in to steady long-end yields.

If YCC or QE is ultimately triggered, the central bank’s money would begin buying Treasuries—or other assets—thereby injecting a large amount of liquidity into the market again.

So gold and bitcoin have continued to rise, while the U.S. dollar has fallen—becoming key signals that the market is pricing in a change in U.S. policy stance.

The big company where the students work—just a few days after the campus recruitment launch. With fewer than 2,000 openings, they’ve already stuffed in 100,000 valid resumes.

I asked what “valid resumes” means. He said that on their campus recruitment application page, it takes more than 20 minutes to complete the form end to end, and then the system automatically filters out anyone who isn’t a graduating student. As for what the backend shows, the number of units it’s seeing starts with 100,000.

In other words, after only a few days, the pass rate for offers is just under 2%.

Yesterday, private entrepreneurs who cursed and questioned people were punished.

Today, negative social figures don’t deserve to be entrepreneurs...

18 years ago, Evergrande sent a representative to the Trump Tower and signed a cooperation memorandum with Trump, hoping to jointly bid for the Guangzhou Zhujiang New Town East Tower project. The bid, however, failed.

At the time, Evergrande only sent its vice chairman, Xia Haijun, to discuss this cooperation. Jia Yeting himself did not go to meet Trump, even though Trump was a businessman.

The end of the real estate era. Evergrande Group’s former chairman, Xu Jiayin, was sentenced to life imprisonment by the Intermediate People’s Court of Shenzhen, with lifelong deprivation of political rights, and his entire personal assets were confiscated; any illegal gains will continue to be pursued.

According to the investigation allegations, for years Evergrande Group—managed by Xu Jiayin—engaged in financial fraud, fundraising fraud, bribery, and other misconduct. It also used the guise of dividends to continuously extract assets from the company for Xu Jiayin personally.

Musk responded to his prediction from 2011, when he believed that the real competitor in the SpaceX rocket industry was not the United States, Europe, or Russia, but China.

Now he adds that in the field of AI, China will also be the most formidable opponent.

Positive news has boosted the rally. Today, the South Korean stock market: SK hynix opened higher and rose to 11.6%.

This means that over the past month, SK hynix has already carried out three rounds of interventions by releasing positive news to influence its own stock price, preventing it from falling—and each time it has been successful.

So miserable—right before the good news about Moderna’s cancer vaccine, JPMorgan analyst Jessica Fye maintained a sell rating on the company with a target price of $40.

And after it opened tonight, it surged to a high of $160. ORTEX estimates that short sellers are facing an accounting loss of about $4.8 billion.

Recently I discovered a pattern: every time SK Hynix drops by 10%, the company puts out a positive news update.

From the CEO Cui Tai-won personally buying shares at the end of July with his own money, to the 100 trillion shareholder return plan— even the news about share buybacks and “burning” the shares has come out as well..

China and the EU, unexpectedly ended up arguing over JD.com.

The reason behind it is that in April this year, JD.com planned to acquire German electronics retail giant Ceconomy. As a result, the EU decided to launch an investigation into the deal, suspecting that JD.com has long been taking subsidies from China, allowing it to offer such a high price to buy a German company, thereby affecting fairness.

But then the EU began demanding large amounts of information from JD.com about related entities within China, involving various sensitive details.

Ultimately, departments including China’s Ministry of Justice and the Ministry of Commerce decided to step in. They said the EU’s approach was too excessive and issued a direct notice requiring that no organizations or individuals may carry out or assist with the EU’s request.

As a result, this acquisition case escalated into a diplomatic and political incident.

Cancer-killing Grail Trial Successful? Earlier, Moderna and Merck & Co. together developed an mRNA cancer vaccine that was customized for each patient based on their tumor characteristics—and it actually worked in a large-scale Phase 3 clinical trial.

After the news was announced, the stock price was still $64.46 yesterday. In pre-market trading, it surged directly up to the intraday high of 130 in one go.

Recently I discovered a pattern: whenever SK Hynix drops by 10%, the company releases a piece of good-news information.

From the big boss Choi Tae-won buying stocks with his own money at the end of July, to the 100-trillion-Plan for shareholder returns, even late in today’s trading there were news reports about the company burning shares by continuing to repurchase them…

A report by the Financial Times says China has begun easing import restrictions on NVIDIA H200. Authorities are seeking a balance between meeting AI industry demand and domestically produced semiconductor supply.

Including ByteDance and Tencent, each has reportedly received about 10,000 NVIDIA H200 processors. Previously, the United States had approved several Chinese companies to buy H200, but the process had long been stalled by China’s import approvals.