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蜡币小鑫
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蜡币小鑫

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币圈资深老韭菜,涉及币圈多个领域,长期持有 #BTC#ETH#BNB 推特博主:https://twitter.com/zhuanfgghjnb
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CZ's Life - From Countryside Boy to Becoming a God in the Global Crypto IndustryHow did he go from the countryside to immigration? From programmer to entrepreneur From the world's richest list to prison Writing his life experiences into a book (Binance Life) is not just a record of life, but also turns the detours he has taken and the insights he has gained into wealth that future generations can draw upon. This is a must-read book for everyone in the crypto industry (Freedom of Money) https://amazon.com/-/zh/dp/B0GVZK8QPG/ref=tmm_hrd_swatch_0 Many entrepreneurial stories like to talk about talent and opportunity But CZ's story is more like another narrative: In the crypto industry, no one has experienced such an extreme life curve as Zhao Changpeng @cz_binance:

CZ's Life - From Countryside Boy to Becoming a God in the Global Crypto Industry

How did he go from the countryside to immigration?
From programmer to entrepreneur
From the world's richest list to prison
Writing his life experiences into a book (Binance Life) is not just a record of life, but also turns the detours he has taken and the insights he has gained into wealth that future generations can draw upon.
This is a must-read book for everyone in the crypto industry (Freedom of Money) https://amazon.com/-/zh/dp/B0GVZK8QPG/ref=tmm_hrd_swatch_0
Many entrepreneurial stories like to talk about talent and opportunity
But CZ's story is more like another narrative:
In the crypto industry, no one has experienced such an extreme life curve as Zhao Changpeng @cz_binance:
Partly True
Today, Hong Kong stocks: Southern Double Long Samsung Electronics (07747) fell 19.16%, while Southern Double Long SK Hynix (07709) fell 20.64%.
Today, Hong Kong stocks: Southern Double Long Samsung Electronics (07747) fell 19.16%, while Southern Double Long SK Hynix (07709) fell 20.64%.
Why do girls get praised when they instantly have the urge for sex, but men with premature ejaculation get blamed? Eek eek eek~~~~~
Why do girls get praised when they instantly have the urge for sex, but men with premature ejaculation get blamed? Eek eek eek~~~~~
Is a Black Swan coming? US stocks, Japanese stocks, Korean stocks, Chinese stocks, gold, silver, the crypto market—everything is actually falling. I originally planned to use $100,000 to buy the dip, but now I don’t even dare to make a move.
Is a Black Swan coming?

US stocks, Japanese stocks, Korean stocks, Chinese stocks, gold, silver, the crypto market—everything is actually falling.

I originally planned to use $100,000 to buy the dip, but now I don’t even dare to make a move.
The health is back! Finally, the health is back!! Recently, I predicted correctly for the two World Cup matches in a row, and I’ve already gotten back all the losses from earlier! There are only two matches left—finals. This year’s champion—will it be Spain or Argentina? As a platform ambassador for predict.fun, in week 8 I got 1st–3rd place But this time the prediction points for week 29 are much lower than before predict registration link → https://predict.fun/?ref=4B695 #世界杯2026 #实盘 #币安广场创作者 #PREDICT
The health is back! Finally, the health is back!!

Recently, I predicted correctly for the two World Cup matches in a row, and I’ve already gotten back all the losses from earlier!

There are only two matches left—finals. This year’s champion—will it be Spain or Argentina?

As a platform ambassador for predict.fun, in week 8 I got 1st–3rd place

But this time the prediction points for week 29 are much lower than before

predict registration link → https://predict.fun/?ref=4B695

#世界杯2026 #实盘 #币安广场创作者 #PREDICT
Now storage isn’t lacking anymore, right? You’re all probably short on money then!
Now storage isn’t lacking anymore, right? You’re all probably short on money then!
MUonAlpha
SNDK-7.51%
MUUS-1.39%
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In South Korea, this recent wave of liquidations has really trapped an entire generation of young people. I just looked over data from the country’s regulators, and my palms started sweating. Over the past month, Korean retail investors lost 2.15 trillion won from leverage trading—about $1.45 billion. The worst part is that among the accounts that were liquidated and forced out, 62% are young people aged 20 to 30. The South Korean government is also panicking now, worried that this round of financial turbulence could evolve into a social crisis. Even in October, it plans to launch a nationwide unified 1375 debt counseling hotline. The name sounds very professional, but in reality it’s basically an anti-suicide intervention phone line. Right now, young people in South Korea are genuinely pretty hopeless. In the first half of this year, many people borrowed money to rush into the market—family loan limits at the five major banks were used up. Everyone wants to turn things around using leveraged 2x ETFs, especially focusing on Samsung and SK Hynix. But then SK Hynix’s biggest leveraged ETF, which had been at its peak, dropped 60%—crushing these people’s hopes of a comeback. Leverage is like this: when the wind is at your back, it makes you feel like a stock genius; when things turn, it won’t even give you a chance to apologize.
In South Korea, this recent wave of liquidations has really trapped an entire generation of young people.
I just looked over data from the country’s regulators, and my palms started sweating.
Over the past month, Korean retail investors lost 2.15 trillion won from leverage trading—about $1.45 billion.
The worst part is that among the accounts that were liquidated and forced out, 62% are young people aged 20 to 30.
The South Korean government is also panicking now, worried that this round of financial turbulence could evolve into a social crisis. Even in October, it plans to launch a nationwide unified 1375 debt counseling hotline.
The name sounds very professional, but in reality it’s basically an anti-suicide intervention phone line.
Right now, young people in South Korea are genuinely pretty hopeless.
In the first half of this year, many people borrowed money to rush into the market—family loan limits at the five major banks were used up.
Everyone wants to turn things around using leveraged 2x ETFs, especially focusing on Samsung and SK Hynix.
But then SK Hynix’s biggest leveraged ETF, which had been at its peak, dropped 60%—crushing these people’s hopes of a comeback.
Leverage is like this: when the wind is at your back, it makes you feel like a stock genius; when things turn, it won’t even give you a chance to apologize.
How to choose?
How to choose?
Just now: 🇺🇸 President Trump will meet with U.S. senators tomorrow to discuss the 'Crypto Clarity Act'
Just now: 🇺🇸 President Trump will meet with U.S. senators tomorrow to discuss the 'Crypto Clarity Act'
Today, Musk's $SpaceX has fallen below its offering price of $135 Stocks in the U.S. market are all down again today, while the crypto market has not followed the drop at all—it's actually still rising So did the crypto market pass the “dirty stuff” to the U.S. stock market, and now it has come back to the crypto market to keep partying crazily? Since selling on July 1, $SPACE , it has been declining all the way Looking back today, the position it sold at that day has turned out to be the highest point in this phase…
Today, Musk's $SpaceX has fallen below its offering price of $135

Stocks in the U.S. market are all down again today, while the crypto market has not followed the drop at all—it's actually still rising

So did the crypto market pass the “dirty stuff” to the U.S. stock market, and now it has come back to the crypto market to keep partying crazily?

Since selling on July 1, $SPACE , it has been declining all the way

Looking back today, the position it sold at that day has turned out to be the highest point in this phase…
蜡币小鑫
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Elon Musk's #SpaceX breaks the record
Binance’s 9th anniversary—also my 9th year since I stepped into the crypto world A tribute to Binance, to Cousin CZ, and to myself for staying steadfast all the way Over these 9 years, I’ve experienced too many stories in the crypto space In 2017, Cousin CZ founded his own exchange and launched $BNB. Back then, he was already my spiritual guiding light—so during the ICO, I all-in to secure 150,000 BNB Even though I didn’t hold all the way to now, that was still the first big pot of money I earned in the crypto world In the next decade, I’ll keep accompanying Binance all the way, and we’ll go even further together #币安九周年
Binance’s 9th anniversary—also my 9th year since I stepped into the crypto world

A tribute to Binance, to Cousin CZ, and to myself for staying steadfast all the way

Over these 9 years, I’ve experienced too many stories in the crypto space

In 2017, Cousin CZ founded his own exchange and launched $BNB. Back then, he was already my spiritual guiding light—so during the ICO, I all-in to secure 150,000 BNB

Even though I didn’t hold all the way to now, that was still the first big pot of money I earned in the crypto world

In the next decade, I’ll keep accompanying Binance all the way, and we’ll go even further together

#币安九周年
In a blink of an eye, nine years—deeply rooted for nine years. Through every bull and bear cycle, always by your side! From Binance going live on July 14, 2017 to today, steadily staying at the top of the global trading volume charts—Binance has gone through the industry’s most turbulent years. Rising from trust, lasting through companionship, today we celebrate the ninth anniversary together with Binance. As the tides of the market rise and fall, the platform iterates and moves forward. Wishing that for the years to come, we walk side by side—together witnessing the long-term development of the industry @BinanceCN @heyi @CZ #币安九周年
In a blink of an eye, nine years—deeply rooted for nine years. Through every bull and bear cycle, always by your side!

From Binance going live on July 14, 2017 to today, steadily staying at the top of the global trading volume charts—Binance has gone through the industry’s most turbulent years.

Rising from trust, lasting through companionship, today we celebrate the ninth anniversary together with Binance.

As the tides of the market rise and fall, the platform iterates and moves forward. Wishing that for the years to come, we walk side by side—together witnessing the long-term development of the industry @币安中文社区 @Yi He @CZ #币安九周年
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Bullish
Partly True
Almost every young person in South Korea borrows on leverage to trade stocks. They take out loans and bet on leveraged positions in Samsung and SK Hynix semiconductor ETFs, hoping to use the bull market to rewrite their fate and get rich overnight. In the end, however, a large number of accounts see their principal wiped out, and many people still owe the brokerage firms substantial debts. Today, the KOSPI index fell below 6,500 points, dropping 5.26% in a single day—panic gripped the market. In just a little more than a month, more than 400,000 retail accounts were completely liquidated. Young people aged 20 to 30 make up over 60%. Total leverage losses across the entire market exceed 2.15 trillion won. At the end of the day, stock trading is an extremely intense game of odds. Before entering, you must think carefully about whether you can accept losses in full. Making money means you rode the tailwinds of the times; if you lose, you have to acknowledge that your own understanding and risk control were insufficient. The greatest misfortune in life is often caused by one’s blind greed and a mismatch between one’s abilities and reality.
Almost every young person in South Korea borrows on leverage to trade stocks. They take out loans and bet on leveraged positions in Samsung and SK Hynix semiconductor ETFs, hoping to use the bull market to rewrite their fate and get rich overnight. In the end, however, a large number of accounts see their principal wiped out, and many people still owe the brokerage firms substantial debts.

Today, the KOSPI index fell below 6,500 points, dropping 5.26% in a single day—panic gripped the market. In just a little more than a month, more than 400,000 retail accounts were completely liquidated. Young people aged 20 to 30 make up over 60%. Total leverage losses across the entire market exceed 2.15 trillion won.

At the end of the day, stock trading is an extremely intense game of odds. Before entering, you must think carefully about whether you can accept losses in full. Making money means you rode the tailwinds of the times; if you lose, you have to acknowledge that your own understanding and risk control were insufficient. The greatest misfortune in life is often caused by one’s blind greed and a mismatch between one’s abilities and reality.
From a mindset perspective, stock trading itself has an element of game-like competition—an approximation of gambling. Before entering the market, you must think it through: can you actually bear the possibility of losing everything? If you make money, be grateful for the times and the market environment; if you lose money, face your own shortcomings in ability. In the end, the greatest misfortune in life often stems from one’s own incompetence.
From a mindset perspective, stock trading itself has an element of game-like competition—an approximation of gambling. Before entering the market, you must think it through: can you actually bear the possibility of losing everything? If you make money, be grateful for the times and the market environment; if you lose money, face your own shortcomings in ability. In the end, the greatest misfortune in life often stems from one’s own incompetence.
Partly True
Estimating the number of Korean liquidation (forced-close) accounts: In June, the entire market’s cumulative number of leveraged retail accounts exceeding 1.2 million reached margin call/recall; among them, about 320,000–360,000 accounts were completely forcibly liquidated by brokerages (principal wiped out to zero, with some clients owing brokerages a remaining negative balance) As of July 9, KO­F­IA’s latest data: Cumulative forced liquidations under short-term credit from July 1–9: 344.2 billion KRW Total for 7.1–7.8: 202.0 billion KRW; forced liquidation on July 9 alone: 142.2 billion KRW (this month’s peak, about 5× the day before) Estimated number of liquidation accounts in early July: Approximately 85,000–100,000 newly added leveraged accounts completed full forced liquidation, concentrated among holders of 2× leveraged semiconductor ETF positions Total official amount for short-term leveraged forced liquidations 6.10–6.30: 572.8 billion KRW + 7.1–7.10: 344.2 billion KRW = total 917.0 billion KRW (about RMB 4.76 billion; exchange rate 1 KRW ≈ 0.0052 RMB) Market-wide leveraged losses (full coverage, including leveraged ETF NAV drawdowns, options margin losses, and negative balances owed to brokerages) Brokerage and foreign-institution aggregated estimates: In the past month, retail leveraged investors’ total actual loss is about 2.15 trillion KRW (about RMB 11.18 billion), including: principal losses from forced liquidation, leveraged ETF excess NAV losses, liabilities created by additional margin deposits, and complete shortfalls of options premiums Liquidated positions / total account volume (estimated using media plus brokerage risk-control data) Accounts that reached recalled/alerted risk levels: 1.48 million–1.55 million accounts that were completely forcibly liquidated by brokerages; liquidation accounts with principal reduced to zero: 405,000–460,000 accounts (Among them, young retail investors aged 20–30 make up 62%, mainly betting on 2× leveraged ETFs of Samsung Electronics and SK Hynix.)
Estimating the number of Korean liquidation (forced-close) accounts: In June, the entire market’s cumulative number of leveraged retail accounts exceeding 1.2 million reached margin call/recall; among them, about 320,000–360,000 accounts were completely forcibly liquidated by brokerages (principal wiped out to zero, with some clients owing brokerages a remaining negative balance)

As of July 9, KO­F­IA’s latest data:

Cumulative forced liquidations under short-term credit from July 1–9: 344.2 billion KRW

Total for 7.1–7.8: 202.0 billion KRW; forced liquidation on July 9 alone: 142.2 billion KRW (this month’s peak, about 5× the day before)

Estimated number of liquidation accounts in early July: Approximately 85,000–100,000 newly added leveraged accounts completed full forced liquidation, concentrated among holders of 2× leveraged semiconductor ETF positions

Total official amount for short-term leveraged forced liquidations

6.10–6.30: 572.8 billion KRW + 7.1–7.10: 344.2 billion KRW = total 917.0 billion KRW (about RMB 4.76 billion; exchange rate 1 KRW ≈ 0.0052 RMB)

Market-wide leveraged losses (full coverage, including leveraged ETF NAV drawdowns, options margin losses, and negative balances owed to brokerages)

Brokerage and foreign-institution aggregated estimates: In the past month, retail leveraged investors’ total actual loss is about 2.15 trillion KRW (about RMB 11.18 billion), including: principal losses from forced liquidation, leveraged ETF excess NAV losses, liabilities created by additional margin deposits, and complete shortfalls of options premiums

Liquidated positions / total account volume (estimated using media plus brokerage risk-control data)

Accounts that reached recalled/alerted risk levels: 1.48 million–1.55 million accounts that were completely forcibly liquidated by brokerages; liquidation accounts with principal reduced to zero: 405,000–460,000 accounts

(Among them, young retail investors aged 20–30 make up 62%, mainly betting on 2× leveraged ETFs of Samsung Electronics and SK Hynix.)
Verified
South Korea’s stock market hit another trading halt today, and SK Hynix (Hailis) plunged 14.53%. Mainland China investors didn’t profit from Hailis’ gains—they ended up taking its losses instead. Today, South Korea’s stock market opened lower, once breaking below 7,000 points, reaching 6,989. Early this morning, the Korea Exchange said it “can’t play anymore”—it paused all automated selling orders, which amounts to temporarily yanking the network cables of large institutions. The Bank of Korea has just issued a special report refuting the claim that the semiconductor cycle has already peaked; however, there are no signs of a bottom yet. From here on, no matter how much South Korea’s stock market rises, it won’t have anything to do with those young people in South Korea who piled into leveraged positions at high levels as a late-stage “catch.” Last month’s golden era produced roughly a million debt slaves aged 20–39, who simply no longer have the right to enter the market.
South Korea’s stock market hit another trading halt today, and SK Hynix (Hailis) plunged 14.53%.

Mainland China investors didn’t profit from Hailis’ gains—they ended up taking its losses instead.

Today, South Korea’s stock market opened lower, once breaking below 7,000 points, reaching 6,989.

Early this morning, the Korea Exchange said it “can’t play anymore”—it paused all automated selling orders, which amounts to temporarily yanking the network cables of large institutions.

The Bank of Korea has just issued a special report refuting the claim that the semiconductor cycle has already peaked; however, there are no signs of a bottom yet.

From here on, no matter how much South Korea’s stock market rises, it won’t have anything to do with those young people in South Korea who piled into leveraged positions at high levels as a late-stage “catch.” Last month’s golden era produced roughly a million debt slaves aged 20–39, who simply no longer have the right to enter the market.
I liquidated everything. Lately I’ve been under a lot of pressure—I can’t sleep through the night, not at all. Watching my wife sleeping peacefully, my guilt only grows deeper. A few days ago, my wife even asked me: “I heard the stock market has been doing really well lately. Surely what we invested in must have made a lot of money, right?” She also planned to take her parents and children on a trip during the summer vacation. Seeing her happy like that, I completely didn’t dare tell her the truth. And now, what I’m most sorry for is my family.
I liquidated everything. Lately I’ve been under a lot of pressure—I can’t sleep through the night, not at all. Watching my wife sleeping peacefully, my guilt only grows deeper. A few days ago, my wife even asked me: “I heard the stock market has been doing really well lately. Surely what we invested in must have made a lot of money, right?” She also planned to take her parents and children on a trip during the summer vacation. Seeing her happy like that, I completely didn’t dare tell her the truth. And now, what I’m most sorry for is my family.
Verified
The market is still falling again—this is really too hard to play. Since the market is difficult to trade, it’s still best to be稳 (steady) for now. Part of the funds are placed in Binance for financial management. And another part—over a million—is put into @predictdotfun to provide liquidity. After a month, it’s worn down by more than 5,000 U. Binance is pushing predict.fun so hard for predictions: first, it got listed on the exchange with the entire prediction sector, and then predictions were also rolled out in the wallet. It feels like it could be the next @Aster_DEX. @dingalingts, as the founder of Bo Bing (bòbǐng), and a former Binance executive, is responsible for this is the second sector operation project he’s in charge of. It’s really worth looking forward to! Predict registration link → https://predict.fun/?ref=4B695 #世界杯2026 #实盘记录 #币安广场创作者 #PREDICT
The market is still falling again—this is really too hard to play.

Since the market is difficult to trade, it’s still best to be稳 (steady) for now. Part of the funds are placed in Binance for financial management.

And another part—over a million—is put into @predictdotfun to provide liquidity. After a month, it’s worn down by more than 5,000 U.

Binance is pushing predict.fun so hard for predictions: first, it got listed on the exchange with the entire prediction sector, and then predictions were also rolled out in the wallet. It feels like it could be the next @Aster_DEX.

@dingalingts, as the founder of Bo Bing (bòbǐng), and a former Binance executive, is responsible for this is the second sector operation project he’s in charge of. It’s really worth looking forward to!

Predict registration link → https://predict.fun/?ref=4B695

#世界杯2026 #实盘记录 #币安广场创作者 #PREDICT
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