Today is truly extraordinary, it really feels like 'in deep waters and fire'. On one side, there’s a massive fire in Hong Kong, and on the other side, our cryptocurrency market is also on fire, and we can barely hold onto our wallets!

1: Massive Fire in Tai Po, Hong Kong

Let's begin with a heart-wrenching incident. A sudden fire broke out in Tai Po, Hong Kong today, and the thick black smoke at the scene is indeed quite frightening. Although we focus on finance and trending topics, safety is always the top priority. I hope our friends in Hong Kong stay safe and try to stay away from dangerous areas.

2: Upbit's 'Ice and Fire' If the fire in Hong Kong was an accident, then what happened at South Korea's largest exchange, Upbit, today is simply a scene from a 'palace drama'.

First, there was a bombshell: South Korean internet giant Naver agreed to acquire Upbit. What does this mean? It's akin to a major company here acquiring a top exchange, which is initially great news, indicating that legitimate players are entering the market, right?

But right after that, the unexpected happened! Just when everyone was preparing to celebrate, news broke that Upbit was hacked. Isn’t that a coincidence? Just as they said they were selling out, the money disappeared? Is this due to advanced hacking skills, or is someone putting on a show? The depths of this situation are too profound. If you have assets on Korean exchanges, make sure to keep an eye on them; safety first.

3: And it’s not over yet; our most commonly used USDT is also causing concern. Today, there was news that USDT was downgraded by institutions. To translate this simply: authoritative institutions believe that the risks associated with USDT have increased. As the 'water' of our cryptocurrency market, if USDT is unstable, it’s not just a matter of whether one can make money, but whether your principal is still intact. Although USDT has weathered many storms, this downgrade is a signal, reminding everyone: never put all your eggs in one basket.

So you see, today’s world, whether real or virtual, is quite turbulent. As the old saying goes: in this uncertain market, surviving is more important than how much you can earn.