1. Core strategy and organizational structure: Co-CEO division of labor: Richard Teng focuses on compliance and regulatory communication, He Yi leads the construction of user centers, inheritance of corporate culture, and improvement of organizational efficiency. The core logic is 1+1>2, benchmarking traditional finance (JPMorgan) and peers in the cryptocurrency industry (BYBIT) structure.
2. Organizational goals: Abandon personal dependency, create a sustainable enterprise system, and currently focus on promoting talent density, integrating AI technology, and building a systematic organization as the three core tasks.
3. 2026 plan: Bidirectional expansion of regions and business categories, deepening the integration of traditional finance and the cryptocurrency industry, continuously promoting global compliance implementation, and focusing on user entry control and vertical community construction.
2. Core Views on Market and Products
1. Changes in Market Underlying Logic: Bitcoin has become a mainstream asset, institutional allocation ratios are increasing, cycle fluctuation amplitudes are narrowing, past trading strategies of 'carving a boat to seek a sword' are invalid, and need to adapt to a new market ecology dominated by institutions.
2. Asset Attitude:
- Core Holding Logic: Stick to Top Assets (Bitcoin = Top Decentralized Asset, BNB = Top Centralized Asset), in line with Buffett/Duan Yongping's value investment philosophy.
- Altcoins/Meme Coins: The bottom line is the project is real (people/products), there is no absolute value denial, users need to conduct independent research, Binance only selects subpar projects and does not participate in trading bets.
- Predictive Market: Not yet deeply researched, do not easily deny but do not blindly layout, be wary of data partiality under the coercion of interests.
3. Product Optimization Direction: Complete user experience shortcomings (localization, smoothness), enhance technical stability, the Alpha segment serves as an intermediate area for project trial and error, only selecting real projects, and no 'white glove' listing mechanism.
3. Key Controversies and Risk Responses
1. White Glove Doubts: Completely deny, the core basis is that Binance has no explicit listing fees; 'white gloves' essentially act as third parties using listing thresholds as probabilistic intermediaries, welcome reports of impersonation, and rely on licensing compliance to combat violations.
2. Liquidity Issues: It's not a lack of funds, but rather a lack of quality trading targets; users prefer stablecoins/mainstream coins for hedging, and liquidity needs to be activated through transparent markets and quality targets.
3. 1011 Darkest Moments: Market plunge triggers a series of operational risks (K-line adjustments, user complaints), the core response is to stick to the principle of not gambling with users, relying on market makers and matching mechanisms to fill the liquidity vacuum.
4. Global Market Layout Priorities
1. Hong Kong Market: Maintain an open trial-and-error attitude, respect local regulations, focus on solving international liquidity access issues, donations should be aimed directly at needs (avoiding foundation fees), and avoid aggressive expansion for now.
2. U.S. Market: Position as a business company 'surviving in the cracks', do not participate in political party games, have no clear comprehensive return plan, and flexibly adjust following the principle of 'never say never'.
3. Mainland Market: Do not deny future possibilities, observe policy orientations with Hong Kong as a pilot, and respect underlying legal systems and macro decision-making logic.
5. Core Investment and Personal Cognition Recommendations
1. Investment Principles: Reject insider information/recommendations from acquaintances, avoid narrative-type projects from small teams, prioritize head assets with real value or small yet profitable projects, and be wary of chasing highs and lows and taking over risks.
2. Industry Cognition: Cycles still exist but the amplitude and rhythm of fluctuations are changing; the integration of crypto and traditional finance is an inevitable trend, and AI technology will become a core empowering tool.
3. Personal Growth: Focus on Professional Skills Breakthrough in the Workplace (Gender-Neutral Shortcut for Women in the Workplace), content creation centers on valuable insights, and investment strategies need to be dynamically adjusted to fit new cycles.
