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
An 8-year veteran practitioner tells you: How to spend the industry's garbage time
The market has gradually become quiet recently. Many colleagues have expressed that they can’t see the direction clearly or are forced to be friends with time. This is actually not the first time.
Looking back, since I entered the circle in 2016, I seem to have experienced four major garbage cycles. Although I often comfort myself in my heart that all this will pass, the positive cycle will come back, and liquidity will come back, but when we are really in the garbage time, we will feel more or less depressed or helpless.
Winter in Zhongguancun.
The first garbage time was when I entered the circle. At that time, the industry had just shifted from the cold winter of 2015 to the recovery period of 2016. OKCoin and Huobi, located in Zhongguancun, also stopped layoffs. The market was gradually recovering, and exchanges finally had positive income.
Previously hailed by Trump, the $1 million investment for the Trump Gold Card, which promised U.S. permanent residency, is now facing a major chill.
According to the Secretary of Commerce, during a congressional hearing yesterday, only 1 person has been approved since the card's launch, while hundreds of others are left in the queue waiting for review.
This is inconsistent with the previous claims of selling thousands of these cards.
The card was launched in 2025, after Trump took office. Individual investors need to fork over $15,000 for the Department of Homeland Security review fee, and after a government review of personal information, donate $1 million. This will supposedly allow them to obtain the Trump Gold Card in a quick turnaround, which is officially explained as equivalent to U.S. permanent residency.
However, many are skeptical about the card's validity after Trump leaves office, which could ultimately make that $1 million go down the drain.
Looks like the bro is really anxious; Trump just tweeted on his own platform that he has ordered the US military to fire on any ships laying mines in the Strait of Hormuz.
At the same time, he's sending out minesweepers at three times the current scale to clear the strait and ensure it gets back to normal as soon as possible.
Cook said that his biggest blunder during his tenure was Apple Maps.
As he prepares to step down as CEO of Apple in September, Cook admitted at the conference that the biggest mistake of his term was the rushed launch of Apple Maps.
User feedback and media reports at the time revealed serious functional flaws in this mapping app, such as disappearing buildings and frequent location errors.
This also led to the departure of Scott Forstall, who was a key player under Jobs and at that time the head of Apple's software division, as he bore the main responsibility for Apple Maps.
However, when talking about his proudest achievement, it was surprisingly the Apple Watch; he was deeply moved by the first user email he received stating that the Apple Watch saved their life. So he believes this is the best product of his tenure.
The FTX founder was accused of siphoning off user assets amounting to $16 billion, and if that hadn't gone down, FTX wouldn't have filed for bankruptcy.
Wow, that was insane!\n\nThere’s this guy who, using a hairdryer, hopped over a fence at the Paris airport runway and blew hot air at the meteorological agency's temperature sensor, messing with the betting results on the prediction market Polymarket regarding the weather temperature.\n\nHe first bought a low-priced outcome on the prediction market that hardly anyone believed in. While everyone thought it would be 18 degrees, he went for 22 degrees.\n\nThe market thought such extreme weather was impossible.\n\nThen he just walked right up to the sensor with a portable heating device, like a hairdryer. He heated the surrounding air for a short time, instantly pushing the reading up to his target temperature, which was recorded as the highest temperature of the day.\n\nA few minutes later, the temperature returned to normal, but the market had already settled based on that peak, and he ended up winning.\n\nThe kicker is, he actually succeeded twice before the French meteorological agency caught on and reported him.
The SoftBank consortium has been reported to be pledging shares of OpenAI, the parent company of ChatGPT, to secure a $10 billion loan, continuing to bet big on AI investments.
Currently, this 2-year margin loan comes with an option that allows SoftBank to extend the borrowing period into the 3rd year. However, back in March, they just wrapped up a $40 billion bridge loan, getting ready to ride or die with this AI wave.
New college freshmen in the United States are reluctant to study computer science.
The latest data confirms that under the wave of AI, the number of freshmen in computer-related majors is experiencing the largest decline since 2003 to 2008.
In contrast, the number of applicants for engineering majors has surged, with mechanical engineering and electrical engineering becoming increasingly popular. These are actually the talents most needed in the AI era, as a large number of data centers and power infrastructure have led to an explosive demand for talent.
The following data comes from the U.S. Student Information Center, and the translation is noted afterwards.
After 27 years, the foreign company Starbucks will change from a direct operation model to a franchise model. Currently, social media has exposed its franchise fees in 9 provinces of China, with a single store investment requiring about 1,100,000 to 1,300,000 RMB, followed by a revenue sharing of 3 - 5%.
It is roughly about 2 times the franchise cost of the neighboring Luckin.
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