唐华斑竹

In the Sol coin space, people talk about stocks every day now; it seems no one is discussing coins anymore $SOL

After the landslide that struck Pengshui, Chongqing, many people couldn’t help but feel a pang of worry when they saw the buildings constructed along the cliff edge in Pengshui city. Looking at them, many wondered: why were homes built on such steep cliff walls? Even through a screen, it’s enough to make many people feel uneasy.

Local residents recall that, in the early days when these buildings were being constructed, everyone only marveled at the builders’ hardships. Erecting high-rises on steep mountain cliffs was, by local standards, an extraordinary engineering feat. At that time, disaster-prevention awareness was limited. People put down roots to make a living in their homeland, relying on the mountains and rivers for their livelihood, without giving much thought to the risks posed by geological hazards.

In the comment sections online, all kinds of viewpoints intertwine. Some people directly said that watching the footage makes them feel on edge and suggested relocating as soon as possible to avoid danger. Others, from outside the area, enthusiastically invited people to move to the plains. But more rational voices understand that relocation is never as simple as saying one sentence. Affection for one’s homeland, paths to earn a living, and one’s social circle—each of these is an attachment that ordinary people find hard to let go of. If residents leave their familiar hometown, how can their livelihood be sustained? That is a real, pressing dilemma facing them.

The successive geological disasters also serve as a warning to everyone. Relevant authorities have continued to carry out surveys for geological hazards, monitor the stability of cliff faces, improve emergency plans for avoiding risks, and stand guard over residents’ safety at all times. With ongoing progress in the times, disaster-prevention and risk-avoidance concepts have also taken deep root. Now, the siting of newly built structures strictly avoids geological danger zones. Old houses built right along cliffs are also subject to ongoing risk assessments.

We don’t need to easily blame local people’s choices. One place’s water and soil nurture one’s people, and the living patterns in the mountains are the result of a combination of geographical conditions and developments driven by the times. Reverence for nature is not just a slogan. We need to understand the difficulties faced by mountain communities that have been rooted in their hometowns for generations, while also taking seriously the risks brought by geological hazards.

Living with nature over the long term requires continuously finding a balance. By keeping the safety bottom line, improving disaster-prevention protections, and upgrading living conditions in accordance with local conditions, residents in the canyons can live in peace and stability.

Friends, have you been to Pengshui, this little canyon city? What do you think about the practice of building houses along cliffs in mountainous areas? $SOL

Again Brother Zhou Yunfa’s Peak luxury home drops in price to HK$160 million for sale! Held for 16 years, never moved in

It has been reported that a luxury home owned by the renowned actor Chow Yun-fat (Brother Fa) on Hong Kong Island’s The Peak has recently had its asking price reduced again. The independent villa at No. 48 Caine Road, “Sunshine Villa,” has been newly put up for sale at HK$160 million, representing a total price cut of HK$60 million from the original listing price—a reduction of more than 27%. Since the property was purchased, the entire home has been fully renovated, but it has never been occupied or rented out, and has remained vacant for about 16 years.

According to market information, this standalone villa with unit number occupies a practical area of 2,547 sq ft, with an additional garden of about 2,000 sq ft and a rooftop terrace of about 700 sq ft. It faces the South District sea view. Sunshine Villa has only 10 villas in total and was completed in 1996; transactions in recent years have been extremely rare.

Chow Yun-fat and related parties bought this home in September 2010 for about HK$128 million. At the time, the price per practical square foot was over HK$50,200, once setting a record high for the estate. After purchasing it, he carried out a full renovation of the entire property, but for years he has never lived in it and has never rented it out. The property’s condition is essentially like new. In October 2022, the house was put on the market with an asking price of HK$220 million, but the market response was lukewarm. By the end of 2024, the asking price had been cut to HK$195 million (a reduction of HK$25 million or 11.4%). Recently, it was lowered further by HK$35 million (about 17.9%), bringing the latest asking price to HK$160 million—equivalent to about HK$62,819 per sq ft. Over nearly four years on the market, the cumulative price reduction has reached HK$60 million.

Reference is made to the most recent transaction at Sunshine Villa: the成交 price was HK$180 million, with a price per sq ft of about HK$70,761. Brother Fa’s latest asking price is already more than 10% lower than that transaction. Some in the market point out that even with a substantial price cut, Chow Yun-fat’s screening of potential buyers is still extremely strict. It is not something that ordinary buyers or real estate agents can simply arrange to view; the requirements are very high.

If it is ultimately sold for HK$160 million, Chow Yun-fat would still be able to earn about HK$32 million on paper (around 25%). Although this Peak mansion still requires a significant price reduction to sell, his other property investments have performed well. In April this year, he sold a 3-bedroom unit in Gaikeng Terrace on Caine Road in the Western Mid-Levels for HK$7.5 million, held for about 31 years, recording a paper profit of over HK$3.5 million.

$SOL

Another AI myth has been punctured: a top Go AI was beaten 14 out of 15 games by an amateur player.

This guy is called Kellin Pelrine. He didn’t do anything fancy—he used the pieces to form a sweet donut shape on the board, enclosing the AI’s pieces in the middle.

When the AI saw it, it thought the opponent’s pieces were all dead stones, so its win rate shot up to 99%. Then it rushed in and launched a furious attack on that donut, completely ignoring the fact that its own base had already been hollowed out.

Even more frightening: this loophole wasn’t something a human came up with. It was discovered by a specialized “spot-the-faults” AI that, after millions of simulated fights, managed to pull it out of the championship-level AI. The research team found that it’s not just this AI—almost all top Go AIs have this same cognitive blind spot.

In the end, no matter how powerful AI is, it only simulates human-like intuition and board sense—it doesn’t truly understand Go. It doesn’t know why it wins, or why it loses. $SIGN

That’s right. If it’s a donation, then the charity that receives it should be allowed to sell the donated tokens.
CZ responds to the Giggle Academy controversy over selling donated tokens: charities should not be responsible for managing token economics

CZ posted on the X platform that he agrees with Spigg’s view on Giggle Academy’s sale of donated tokens, saying that Giggle Academy is not a crypto team. Instead, it is developing a free educational app, and managing cryptocurrency or token supply is not its area of expertise. Giggle Academy cannot determine how selling a certain amount of tokens would affect the price, or how many tokens should be sold or kept each month. Therefore, it chooses to periodically sell most of the tokens’ value to cover its expenses.

Crypto projects should not donate large amounts of tokens that could affect market prices to charities or other organizations, and should expect the recipient to manage the token economics on its own. The project team should be responsible for managing token supply itself. It had previously provided BNB to Giggle Academy multiple times, and Giggle has sold or exchanged it for fiat currency to pay operating expenses. BNB developers and holders have no objections, and the community is proud to support educational endeavors.

CZ said that regular donations will be welcomed, but he will not commit to any specific action by Giggle Academy or himself, nor will he offer additional acknowledgments or market-related interactions. The core purpose of donations should be to support Giggle Academy’s mission to provide free education to children around the world—not to generate attention for tokens. $SOL

#美股开盘走高存储股反弹
Fortunately I didn’t get greedy—the short at 6.6 got closed, or I would’ve been blown up again.
Changxin Technology’s intraday market value exceeds 4 trillion yuan, with the stock price hitting a new high

On July 31, Changxin Technology’s intraday market value exceeded 4 trillion yuan. It is currently up 14.3%, trading at 60.49 yuan, and the stock price is hitting a new high. Trading volume reached 8.8 billion yuan.$CXT.US

“ESP bull” topped the 3-day loss leaderboard, following “Yu Yu m”’s massive loss on July 14 due to going long on SK Hynix contract trading. This marks the second concentrated smart money account loss incident within half a month. These so-called “smart money” live trading accounts are becoming an immediate barometer for the market’s short-term sentiment and strategy failures among large capital flows, as their profit-and-loss figures are closely watched.

A notable detail is that out of the account’s 94 open positions, the top five floating-loss positions span multiple assets—including BTC, CTSI, ON, US, and ACX—and the long/short directions are mixed. The result is a highly diversified allocation, but with losses across the board. This is markedly different from the typical pattern of smart money, which often concentrates heavily on a single sector or direction. It may suggest that current market volatility has intensified, causing the cross-asset arbitrage or hedging strategies it relies on to fail simultaneously across multiple directions.

On July 30, according to blockchain analyst Ai Yi’s monitoring, Binance contract smart money live account “ESP bull” topped the 3-day loss leaderboard, with cumulative losses exceeding $2.4 million.

The account cumulatively holds 94 trading positions. The top five floating-loss positions are: BTC long positions floating at a loss of $4.05 million; CTSI long positions floating at a loss of $2.16 million; ON short positions floating at a loss of $1.07 million; US short positions floating at a loss of $809,000; and ACX long positions floating at a loss of $805,000.

Its main floating profits come from XRP positions, currently around $2.09 million, partially offsetting the losses from other positions. $SOL

Even giant whales can’t escape getting cut. After one giant whale fell silent for over a year, it deposited 625 BTC to FalconX; it is currently in an unrealized loss of over $20 million.
BlockBeats News, July 30—According to Lookonchain monitoring, after being inactive for more than a year, whale address bc1qyr deposited 625 BTC to FalconX, worth about $39.96 million, possibly preparing to sell. The whale has held the BTC for more than a year and is currently sitting on an unrealized loss of over $20 million.
After being in an unrealized loss of over $20 million, the whale chose to deposit 625 BTC to FalconX instead of continuing to hold or handling it through other channels. As an institutional-grade trading platform, FalconX has recently frequently become the destination for whale asset transfers, including both realizing gains and cutting losses. In February, one whale deposited profitable BTC to Bitfinex; in July, another whale transferred a large amount of BTC that had been held for eight years with substantial unrealized gains. This time, however, the action reflects a departure in a loss state. The key detail is that, despite the severe unrealized loss, the address chose to operate via services like FalconX—platforms designed for large transactions with low slippage—suggesting it may be seeking over-the-counter negotiations or bulk selling rather than directly dumping into the public market. This could be a cautious strategy to reduce impact costs under current liquidity conditions.
$BTC

Who would have thought that a German flagship semiconductor company that went bankrupt 17 years ago would become a “super-saviour” for China’s storage industry turnaround?

The statement might sound a bit far-fetched, but reality often proves more exciting than fiction. On the day ChangXin Memory (CXMT) went public, its opening market cap surged to 3.3 trillion yuan, making it the company with the highest market value on the A-share market. A company that makes memory chips—how did it get so formidable?

Let’s go back to the beginning and sort it out step by step.

In the global memory chip industry, it’s essentially an arena where major powers grapple for dominance. At first, the United States called the shots. Later, Japan, backed by conglomerates, poured money in and captured 80% of the market. Then Samsung and SK hynix from South Korea rose up and pushed Japan out. Could China squeeze in? That was almost impossible.

But ChangXin found a breakthrough nobody expected—Cymedia (Qimonda). This German company was once the world’s second-largest DRAM supplier, at the peak of Europe’s memory-chip industry. Unfortunately, around 2009, the financial crisis plus a misguided technical roadmap led it to collapse. After the shutdown, its technical documentation was sealed away for more than a decade—like an old martial-arts manual nobody ever bothered to read.

In 2019, through patent licensing, ChangXin obtained the complete set of DRAM technical materials from Qimonda—2.8 TB in total. What does 2.8 TB mean? It’s like stuffing tens of thousands of technical manuals onto a single hard drive. Back then, Qimonda followed an independent self-developed route that was completely different from the mainstream U.S. and South Korean technologies—effectively giving ChangXin a “shortcut” that others hadn’t taken.

With all that, ChangXin was like someone holding a map, directly bypassing the pitfalls others had dug. From 2019 to now, in just a few years, it transformed from a follower into a player rewriting the industry landscape. On July 27, the day it listed, a market cap of 3.3 trillion yuan was clearly a signal: China’s memory chips have truly stood up.

As the old saying goes, opportunities are for those who are prepared. But sometimes, opportunity is hidden in corners that people have forgotten. Who could have imagined that the old know-how of a bankrupt German company could bloom across the ocean? $SOL

Sure enough, the best second-generation rich people don’t do business at all—they just live it up in debauchery! If it’s only about spending and having a good time, you could never run out of money even after dozens of generations.

Today I was shocked by the news that the Hong Kong “shop king” family has gone bankrupt. The father, Deng Chengbo, built his fortune from scratch over 60 years, amassing more than 200 prime core shops. At its peak, the valuation was nearly HK$80 billion, and just collecting rent could bring in over a million a day. But after his youngest son, Deng Yaosheng, took over for only 4 years, he was pushed to the brink of bankruptcy by a HK$15.99 million rental arrears payment. Who wouldn’t call that pure fantasy?

Don’t think this is just a rich-family gossip story. The underlying lesson is painful even for ordinary people.

How solid was “Shop King” Deng Chengbo’s lifetime business playbook? At 16 he apprenticed as a neon sign worker; he saved money and bought small shops in prime locations. No financial storms or real-estate fluctuations could shake his foundation. What it came down to was the eight words: “Don’t do what you don’t understand—cash is king.” But when it was in his son Deng Yaosheng’s hands, with a rental business that was printing money day after day, he still wasn’t satisfied. He insisted on cross-border expansion and playing capital games—only to take too big a step, and end up tripping himself.

Over these past four years, the shrinkage of their assets happened even faster than a waterfall. The hotels were sold off at 60% off; core retail shops were cut in half for clearance. Just last year alone, 19 properties were auctioned by banks. The most brutal deal saw a direct loss of HK$665 million. In the end, even a HK$15.99 million rental debt couldn’t be paid. The family business built up over half a century was nearly wiped out.

Some people say it’s the “curse of the rich lasting only three generations.” But I think it’s the typical truth: “守业 is harder than starting a business.”

The most frightening thing is never that you have a thin foundation—it’s that someone holding a great hand of cards, for some reason, thinks their parents’ success path is “too conservative” and “too slow.” They always want to break out into something new, only to end up stepping through every pit their predecessors already fell into. A shop king’s generation was bold and daring, and their strongest skill was actually “not being greedy”: knowing which bowl of food they can eat, they would never reach out for money outside their capability zone.

Even more ironic is that many ordinary people make the same mistake as this败家二代. They always want to start businesses and invest for quick profits—only to have years of savings go down the drain. They don’t appreciate a stable everyday life; instead, they always feel there must be more opportunities out there, and end up stirring things around until they finally get nothing but an empty basket.

You see, life is never about winning at the starting line. It’s about winning in every step—without messing around blindly. $BNB

Can it be like this?! After a plunge in Korean stocks, funeral wreaths lined up in front of the National Assembly: retail investors demand the abolition of Samsung and SK Hynix leveraged ETFs

On July 29, according to the Korea JoongAng Daily, after Samsung Electronics and SK Hynix’ single-stock leveraged ETFs plunged, retail investors’ dissatisfaction grew. That day, about 30 memorial wreaths appeared in front of the National Assembly building in Yeouido, Seoul, calling for the abolition of the relevant 2x leveraged ETF products.

The report said the wreaths were sent by a group of retail investors, “Meeting for Normalization of the Stock Market.” Their demands include strengthening investor protection and pushing for the removal of the related products. The group believes that Samsung Electronics and SK Hynix’ single-stock leveraged ETFs amplify stock price volatility and also worsen losses for retail investors.

The protest took place amid intense fluctuations in Korean stocks. In the previous trading session, the KOSPI fell by more than 8% at one point, triggering a circuit breaker; single-stock leveraged products tracking Samsung Electronics and SK Hynix also dropped by about 25%. Against the backdrop of a pullback in the AI hardware supply chain and a sharp sell-off among semiconductor leaders, the risks of high-leverage products were rapidly magnified.

Korea’s financial authorities have begun tightening trading thresholds. The Financial Services Commission plans to require that, starting July 31, when individual investors place new buys or add to their positions in single-stock leveraged products, they must hold at least 30 million won in cash as a basic margin. Lee Eung-won, chair of the commission, said industry expectations are that after the measure is implemented, the relevant trading accounts could fall from about 100,000 to around 10,000, and trading volume may drop by about 60%. $SOL