密智君 Crypto Plus AI

Whoa, I just saw this chart in the square, and I'm completely stunned. This isn't trading; it's practically a real-life 'suicidal attack'.

Brothers, did you see clearly? This dude went short on $LAB at 0.68, and now the price has skyrocketed to 4.7. He's sitting on a paper loss of $487,000, with a return rate of negative 85.95%. What's heartbreaking is his message: he's mortgaged his house and car, and has been margin-calling ever since; he really can't borrow any more money now. The liquidation price is at 5.29, just a step away from the current price.

Honestly, looking at this chart really reminds me of my past self. That desperate feeling of watching the price jump toward the liquidation line while being completely powerless is enough to drive anyone insane. This isn't shorting; it's like playing a 'life swap' game with the market makers. You thought 0.68 was a high point, but the market makers are telling you there's always a higher high.

What I admire (and feel sorry for) is his obsession. Going all-in short with 1x leverage, enduring nearly a 7x increase. That takes some serious 'courage' and a thick wallet, huh? But the trading market doesn’t care about tears, and definitely doesn’t believe in 'holding on for dear life'. You try to reason with the market makers, but they just want to drain your last drop of blood. $BTC #LAB

Wow, this guy made 140,000 times his investment in 14 years. Who else can be as awesome as him? In 2011, he spent less than $8,000 to buy 10,000 $BTC , when one Bitcoin was only $0.78.

So what happened? He just held on for 14 years! By October 2025, when Bitcoin broke through $109,000, he sold everything and cashed out over $1 billion. A 140,000 times return, this is not just investment, this is simply like cultivating immortality.

To be honest, what I admire most is not that he bought early, but that he was able to hold on. Over these 14 years, he experienced hundreds of crashes and endured four long bear markets lasting several years. How many times did the market halve, how many times did the media shout 'Bitcoin will go to zero', and he never wavered once. This kind of determination is really not something ordinary people can possess.

I used to have quite a few good stocks, but I sold when they rose two or three times, and cut losses when they fell by 20%. Seeing others get a 140,000 times increase, I can only mock myself: people like us who can't hold on deserve to miss out on big money.

Risk Warning: This kind of 'get rich quick myth' is an extreme case of survivor bias. Just because he made a fortune after 14 years, don’t think you can do the same. Investment requires caution; first, ask yourself if you can withstand a 90% drawdown.

What do you think? If you bought 10,000 Bitcoins in 2011, could you still hold on until now? Be honest in the comments, at which point would you get off the ride?
$BTC

It’s also reported that China is going to crack down on all illegal VPNs within its territory. Another report: things are getting crazy.
We don’t know whether this “little essay” is true or not, but:
1️⃣ The U.S. Embassy in China directly sent out a reminder about VPN usage.
2️⃣ Passport processing also really has been restricted—if you don’t have the relevant documents, you can’t apply for a passport casually.
How are things at your airport now? #VPN $BTC

SanDisk drops 13% after earnings, while CXMT surges 466%: Memory price hikes don’t necessarily lift the stock
SanDisk’s earnings report last week was actually strong: quarterly revenue of $8.97 billion and adjusted EPS of $3.925, with data center revenue up about 400% year over year. Yet the stock at one point fell 13.3% to $1,178. The reason isn’t poor performance—it’s that the market had already priced in even more aggressive growth ahead of the results. The company’s guidance for next quarter calls for revenue of $10.3B–$10.8B, below market expectations of $11.15B. NAND price hikes are still ongoing, but the rate of increase has started to slow.
On the chart, I see around $1,170 as a short-term defensive zone, and $1,100 as the next layer of support. On the upside, I first look for the $1,280–$1,350 range. Only if the stock regains and holds above $1,350 would it suggest the valuation compression after the earnings has started to bottom out. If it breaks below $1,100, it may continue to digest the more than 400% rally from the past year.
SanDisk and CXMT can’t be compared directly on valuation. SanDisk’s core is NAND, enterprise SSDs, and AI data storage. CXMT mainly does DRAM, and it wants to move into HBM in the future. On its IPO day, CXMT jumped from 8.66 yuan to 49 yuan—a 466% gain—giving it a market cap of about 3.3 trillion yuan, but with free float of only 6.73%. Its share price reflects not just fundamentals, but also domestic substitution, policy-related scarcity, and low float premium. You can’t simply interpret it as meaning its profitability already exceeds Samsung, SK hynix, and Micron.
For the coming quarter, TrendForce expects DRAM contract prices to rise 13%–18% and NAND to increase 10%–15%. The industry is still in a favorable cycle, but the stock’s logic is shifting from “prices rise when supply is tight” to “who can lock in long-term orders, maintain gross margins, and control capacity expansion.”
I’m more bullish on SanDisk’s earnings certainty, but CXMT offers greater trading upside. Will you choose $$SNDK , where cash flow has already been realized, or $CXMT ？#闪迪 #长鑫存储 , which is more expensive on valuation but has more room for domestic substitution?

Damn: $BTC has been ranging for two months—will $60,000 replay the fake bottom of 2018?
BTC’s price action yesterday was only a frustrating 0.3%; the market has been grinding on and on. I looked at this chart and found it pretty interesting:
In three past cycles, the period’s low points all landed near a profitable supply ratio of about 40%, and the one-month realized volatility climbed to 68%—100%. Right now, profitable supply is still around 56%, while volatility is only about 28%. Coin holders really are bearing losses, but the market hasn’t shown the kind of concentrated liquidation, panic rotation, and volatility release seen in the past.
That’s why this $60,000—$70,000 sideways move looks more like a breathing pause after a drop. Back in 2018, BTC also traded back and forth in the $6,000—$7,000 range for about two and a half months. Low volatility was mistaken for the idea that selling pressure had exhausted—only after it broke did the real “coin clearing” of positions complete.
Now the setup looks just like BTC’s piled-up trapped supply—if it copies the path of the first three times.
If BTC holds above $70,000 and keeps seeing profitable supply rise, then the “calm bottom-building” thesis holds. If it breaks below $60,000 and the losing supply, trading volume, and volatility all rise together, then the 2018-style second clearing will enter the real-life script.
With this current market, would you rather keep catching the bottom—or believe it still has another 50% drop in it? #BTCPay vulnerability leads to funds stolen from Lightning nodes

Last week’s market roundup: Non-Farm Payrolls down by 23k—yet US stocks hit new highs while crude oil climbs to $84?
The market was still as dull as ever last week: US July Non-Farm Payrolls fell by 23k, and the probability of a September rate hike dropped from 67% to 44%; but Brent crude also rose to $84.32, bringing energy inflation back onto the stage.
Weak employment first lifts risk assets. Last Friday, the S&P 500 rose 0.62% and set a new all-time high, while the Nasdaq gained 1.30%. Today in Asia, the rebound continues: Nikkei is up 0.6% and KOSPI up 0.5%. However, US 10-year Treasury yields have climbed back to 4.673%, suggesting investors are not fully positioning for easing.
As of August 10 update, $BTC is about $64,880, up 0.1% in 24 hours (it’s really very boring—more like nothing changed), with trading volume of $13.29 billion; $ETH is about $1,907, up 0.4% in 24 hours, with trading volume of $4.22 billion.
With US stocks hitting new highs, but crypto hovering near flat, I’m more inclined to interpret it as money waiting for the US July CPI rather than a new trend already being underway.
Today I’m watching two points of tension: whether BTC can reclaim $65,360, and whether rising oil prices could lift CPI expectations. Do you believe the liquidity from weak employment more, or the inflation pressure from $84 oil? #伊拉克石油出口下降75% #MichaelSaylor暗示增持BTC

Zhihu top-voted: If you won 100 million from the lottery, what would you do? If you buy $BTC , will you make 100 million?

I spent 4 hours building a global AI news and learning website: MASTERLEARN.

The reason is very simple. There’s just too much AI news right now—every day is full of new models, new products, and new funding rounds. But truly useful information is scattered across dozens of platforms. For ordinary people, keeping up with the industry is already exhausting just from having to filter information.

So I gathered global AI news, videos, product reviews, and free courses from major companies like Microsoft, AWS, and OpenAI in one place. The news updates every 30 minutes. The goal isn’t for everyone to read more news—it’s to spend 10 minutes a day and know what’s happening in the AI industry and which tools are worth learning.

The site is still very early, and many things are definitely not perfect yet. What I really want to know is: if an AI website could help you filter out the noise, save time, and connect news to learning paths, would you be willing to subscribe?

If not, which feature is most missing: in-depth Chinese analysis, hands-on tool testing, or personalized intelligence delivery?$AI #AI

Outpacing Wang Jianlin by 8.5 billion USD, what Sun Yuchen has won is a shift in asset pricing!
In 2014, Wang Sicong was still mocking Sun Yuchen—saying that at the Buffett dinner table, they were both “greens.” More than a decade later, Forbes valued Sun Yuchen’s real-time net worth at 8.5 billion USD, while Wang Jianlin’s was about 4.4 billion USD.
What’s interesting about these rankings isn’t who is better at making money, but how the assets behind two generations of wealth have changed direction completely.
Wang Jianlin’s fortune was built on commercial real estate, cinema chains, and highly leveraged expansion. When the real estate sector entered a deleveraging cycle, asset valuations fell, financing channels tightened, and Wanda continued to sell hotels, cultural tourism assets, and overseas holdings.
Sun Yuchen’s wealth, on the other hand, is concentrated in Crypto assets such as $TRX , HTX, and Poloniex. As long as token prices, stablecoin settlement volumes, and exchange-platform valuations rise, personal wealth can inflate quickly. The price is that liquidity, the attribution of holdings, and the valuations of unlisted companies are all harder to verify—so 8.5 billion USD doesn’t necessarily mean cash that can be readily cashed out at any time.
A decade ago, real estate represented the certainty of wealth, and Crypto was treated as speculation. Now it’s the opposite: one is priced by global on-chain liquidity, the other has to shrink painfully within a domestic balance sheet. Rankings can change anytime, but the power to price wealth has already shifted.
$TRX $BTC #孙宇晨巴菲特晚餐 #Wang Sicong

4.4 million USD to control 200 million in treasury—BONK turns DAO governance into a price tag!
BonkDAO didn’t lose its private keys, and the contract wasn’t hacked. The attacker simply bought about 88,240 billion units of $BONK , just barely crossing the 1% voting threshold, then used their votes to pass BIP-76 and transfer 4.426 trillion BONK tokens from the treasury into a designated wallet.
The proposal was publicly posted for about 6 days. Out of more than 18,000 governance addresses, only 7 wallets participated. The attacker controlled 99.9% of the yes votes, spent about 4.4 million USD, and gained roughly 20 million USD in assets—an almost 1:5 input-to-output ratio.
What I care about isn’t just that the attacker exploited a loophole; it’s that the cost to control the treasury is far lower than the treasury itself. Voting power can be temporarily bought. After the proposal passes, there’s no time lock, no veto, no secondary confirmation—the code can only faithfully execute governance that almost nobody participates in.
Afterward, multiple Korean exchanges paused deposits/withdrawals or issued trading warnings for BONK. The secondary market ended up bearing the cost of governance failure. Decentralization doesn’t automatically produce self-governance. When most token holders never vote, decision power ultimately belongs to whoever is willing to pay to reach the quorum.
The standard for judging the BONK incident is very direct: when evaluating a DAO, first calculate how much it costs to buy the voting threshold, then see how much asset it’s meant to protect.
$BONK $SOL #Bonk

Nonfarm payrolls unexpectedly fell by 23,000, U.S. stocks hit fresh highs—why is BTC still trading in a range around $65,000?
The biggest conflict I saw this morning is that the same employment data is being traded in opposite directions by two markets.
U.S. July nonfarm payrolls fell by 23,000, far below expectations of an increase of 80,000. The data for May and June was also revised downward by a combined 103,000. Concerns about rate hikes cooled: the 10-year Treasury yield slipped to 4.64%; the S&P rose 0.6% to a new high, the Nasdaq gained 1.3%, and SpaceX rebounded 15.8%.
Crypto, however, didn’t follow. As of this morning, $BTC is about $64,907, down 2.75% over 24 hours; $ETH is about $1,915, down 3.5%. BTC open interest has dropped to about $47.5 billion, with roughly $154 million liquidated over 24 hours—the market is actively shedding weekend leverage.
U.S. stocks are trading “lighter rate pressure,” while Crypto is more worried about “weaker employment plus insufficient liquidity.” Next, if inflation continues to cool, both sides could rise together again; if inflation remains sticky, the Fed will face the challenge of weak jobs alongside high prices.
Do you think a BTC drop below $65,000 is just weekend leverage-clearing, or is the cooling economy beginning to backfire on risk assets?
Risk warning: Weekend liquidity is thin, and weak employment data and sudden news can amplify liquidations.

SanDisk’s earnings surge 372%—why is it still down nearly 8% after hours?
After reading SanDisk’s earnings report, the biggest conflict is very straightforward: the company delivered almost unbelievable growth, but the stock only wants to lock in profits.
In its fourth fiscal quarter, revenue was $8.97 billion, up 372% year over year; adjusted EPS reached $3.925, beating expectations across the board. Data center revenue grew 103% YoY. More importantly, the company signed eight long-term agreements with six major customers. The potential deal value is at least $93.9 billion, with a median contract term of four years. AI storage demand isn’t just a slogan—the orders are already in the books.
But the market trades on expectation gaps. SanDisk’s stock price rose about 470% this year, yet its next-quarter revenue guidance is $10.3 billion to $10.8 billion; even the upper end is still slightly below Wall Street expectations. Revenue from the consumer business was only $556 million, also clearly weaker than expected. The results are strong, but not strong enough to continue supporting an extreme valuation.
Industry fundamentals still offer support. TrendForce expects a NAND supply shortfall of around 4%–5% in 2026, and enterprise SSD demand continues to squeeze capacity. Still, the longer customer orders are locked in, the stronger SanDisk’s protection of high pricing may be. When supply recovers in the future, it may also face renewed renegotiation.
I think the mid-term thesis of $SNDK hasn’t been broken by the earnings report, but in the short term it has entered a phase of “earnings chasing valuation.” Whether the Investor Day on August 13 can provide clearer guidance for 2027—production capacity, profit margins, and cash flow—will determine whether the upcoming adjustment is merely digesting the rally or whether the valuation will keep being marked down.
Do you find the $93.9 billion long-term orders more convincing, or should you be more wary of the 470% year-to-date surge? #闪迪 #storage

Morning Market Analysis: KOSPI Drops 3.64%, SPCX Plunges 13.6% — Why Can BTC Still Hold at $64,500?
This morning, what I saw wasn't all risk assets falling together. Instead, funds started reassessing the speed at which AI investments translate into returns. Overnight, the Dow rose 0.49% to a new closing high, while the S&P 500 fell 0.17% and the Nasdaq dropped 0.83%. $SPCX After the earnings report, SPCX plunged 13.6%, and $AMD fell by about 7%. Revenue growth is no longer enough; the market is now asking: When will large-scale compute power spending turn into profits?
The pressure then spread to Asia. The KOSPI fell 3.64% and the Nikkei dropped 1.57%, with Samsung Electronics and SK hynix leading the declines. Meanwhile, weaker U.S. employment data pushed the 10-year Treasury yield back to around 4.60%. Expectations of U.S.-Iran negotiations reduced energy risk, and Brent crude returned to about $79.3, giving non-tech assets some breathing room.
$BTC Around $64,570, up 0.6% over 24 hours; $ETH around $1,870. Crypto didn’t follow the Nasdaq’s continued selloff. For now, it looks more like selling pressure is easing, but it still can’t prove that incremental capital has fully returned.
Today I’m watching two signals more closely: whether BTC can hold above $64,000, and whether South Korean chip stocks can rebound with increased volume. Which tokens or stocks are you watching today? #SpaceX上市后首份财报跌11%

PUMP rises 10.2%, BEAT falls 18.6% — what exactly is the money chasing?
Looking at today’s market, BTC is up only 0.7%, the Fear & Greed Index is still at 38, but smaller coins are already moving in different directions.
$PUMP is up 10.2%, with trading volume of $163 million—among the Top 100, it’s the strongest high-liquidity asset. Price is moving in sync with volume, suggesting this isn’t just a low-liquidity pump. Whether Meme hype can continue still depends on subsequent turnover.
$ZEC is up 5.9%, with trading volume of $322 million. The Coldcard event has reignited discussions about privacy and self-custody. But the risk from a prior Orchard vulnerability for Zcash hasn’t fully been digested yet—this round looks more like controversy-driven capital rotating back.
$ZRO is up 5.8%, and $HYPE is up 4.1%, reflecting funds returning to cross-chain and on-chain trading infrastructure. However, ZRO is still down nearly 90% from its all-time high—so for now, it’s more like a low-level rebound/repair.
On the weak side, $BEAT drops 18.6%. On Aug 1, 21.25 million tokens are set to unlock, which is about 6.9% of circulating supply—selling pressure is still being released. $ETHFI falls 9.5%, and the re-staking track is clearly underperforming.
I think today isn’t “alt season”; it’s more like localized trading setups where capital is rotating around events, unlocks, and cash flow. Would you rather chase PUMP after the surge in volume, or wait for the sell-pressure from the BEAT unlock to end?
#波动雷达 #币种异动观察

This is insane! $CASHCAT rebounds 42% in a single day—did you buy it on Robinhood or buy a cat?
After researching $CASHCAT, I found that its biggest value is also its biggest risk: many people misread “Robinhood’s old name and the mascot” as “an official Robinhood token.”
As of August 5, $CASHCAT is around $0.088, up more than 42% in 24 hours, with a market cap of about $91 million and trading volume of about $28 million; compared with the recent high near $0.17, it’s still down nearly 48% from that peak. It has no products, revenue, or governance utility—its price is mainly driven by the heat around the Robinhood Chain, CEO engagement, and community sentiment.
The token distribution isn’t easy either. Arkham data shows the top 1,000 addresses control 89.1% of the supply; it may include liquidity pool and exchange addresses, but it still indicates that large sell-offs can easily impact price.
I’ll watch whether trading volume can stay sustained, whether on-chain liquidity deepens, and whether Robinhood gives a clearer official positioning. A rally powered only by “mascot association” can turn around just as quickly when sentiment shifts.
Do you think $CAT.US CASHCAT can become a long-term cultural asset of the Robinhood Chain, or is it just a chip for the next attention rotation?#Robinhood #CASHCAT #交易

Shocking! SpaceX’s earnings report shows Q2 revenue surging 92%—why is it still down 8% after hours?
Last night the S&P rose 1.79% and the Nasdaq jumped 2.59%, while the semiconductor index even surged 6.6%. Oil fell about 5%, and the September rate-hike probability dropped from 67.2% to 56.9%. The market is simultaneously pricing in easing geopolitical tensions, rate cuts, and AI earnings being delivered.
But $SPCX doused the celebration with a bucket of cold water. In its first earnings report since going public, SpaceX reported revenue of $7.8 billion, up 92% year over year; net loss narrowed from $1.0 billion to $541 million. Starlink contributed $4.29 billion in revenue and $1.66 billion in operating profit, but the rocket business and AI business posted losses of $542 million and $1.26 billion, respectively. With revenue beating expectations across the board, the stock still briefly fell by more than 8% after hours. What the market is worried about is how much cash AI, Starship, and compute-expansion will need to keep swallowing.
$BTC This morning it was about $64,000, with a 24-hour gain of less than 1%; $ETH about $1,850. U.S. stocks have already re-priced for growth, but Crypto still lacks the same level of fund inflow.
Today I’ll watch whether BTC can build volume and hold above $64,400, and whether SpaceX can claw back its after-hours losses.
Do you think the market is overreacting against SpaceX, or is it finally starting to scrutinize Musk’s AI bill?#SpaceXAI支出拖累首份财报 #比特币收复6.4万美元关口