The more 'secure' cryptocurrency is, the less ordinary people deserve to participate
If you are still excited about 'Wall Street's entry', 'regulatory approval', and 'the arrival of the compliance era', then you might be on the side that is being liquidated. this is not a victory for cryptocurrency, this is a quiet eviction of ordinary people. 1. Stop being self-absorbed, Wall Street never believes in crypto Wall Street enters the crypto market, and many people shout: mainstream finally acknowledges us. What to acknowledge? Acknowledge that you can continue to bear the fluctuations, while they are responsible for harvesting certain returns. ETF, custody, market making, clearing - this whole set of things is not designed for you,
Last time I was scared by you, this time I will do more in segments, buying low for two days, and finally I have tried to multiply my investment several times...
The SEC Begins the Privacy War: The Century's Game of 'Transparency and Freedom' in Cryptocurrency
The U.S. Securities and Exchange Commission (SEC) updates the agenda for the roundtable on cryptocurrency, financial surveillance, and privacy on December 15. Notably, Zcash founder Zooko Wilcox and several leaders in the crypto industry will participate directly. This is not an academic forum - but a public dialogue on the core contradictions in cryptocurrency development over the past decade. ➡️ Anonymity vs Regulation. ➡️ Privacy vs Taxation. ➡️ Freedom vs Compliance. This discussion reveals the most genuine trends and conflicts in the crypto industry.
One, the new hotspot in the crypto market: The battle for privacy is heating up again.
A significant turning point in payment activities based on x402 on the Solana network.
At the end of November, there was a significant turning point in payment activities based on x402 on the Solana network: The daily payment volume reached a new high of approximately 380,000 USD, with a weekly growth rate of about 750%. Although this data is not yet large in scale, the growth structure itself is worth noting— This is not driven by speculative trading, but by machine-initiated settlement requests. Over the past decade, the blockchain industry has repeatedly been dominated by narratives driven by coin prices; However, the explosion of x402 indicates that a more fundamental change is taking shape: Blockchain is returning from being a container for financial assets to a general technological infrastructure.
1. Starting with two news items: Throat Strangle Action 2.0 progresses further
On one side, MSCI plans to exclude companies with over 50% allocation to digital assets from its main indices; On the other side, JPMorgan closes the personal account of Strike CEO Jack Mallers, a Bitcoin financial company.
Superficially, this appears to be two isolated news items: one is a minor adjustment to index compilation rules, and the other is a ‘case handling’ within the bank's internal risk controls. However, when viewed together, they resemble a signal—traditional finance's 'Throat Strangle Action 2.0' against the crypto industry hasn't ended; it has merely shifted to a more refined and institutionalized approach.
ZEC long position 605 take profit, really worried... In a bear market, I have always believed that ZEC will be a good place for most speculators to gather for warmth. Let's see if we can have a good result tomorrow.
'Wood Lady' is buying crypto concept stocks against the trend while lowering the long-term target price for Bitcoin.
Only when everyone is panic-selling do the true investors just enter the market. This statement has once again been proven true in the crypto market. Cathie Wood, known as 'Wood Lady', leads ARK Invest, which is buying crypto concept stocks against the trend while lowering the long-term target price for Bitcoin — it seems contradictory, but in fact, it follows a very clear logic of 'institutionalized second half'. The price of the currency is no longer driven by fantasies. However, the financial infrastructure built around Bitcoin is ushering in a new round of revaluation.
1. Why is ARK still buying when 'blood is flowing like a river'?
How is the value of virtual currency determined? — From Bitcoin to ZEC, a framework that can be repeatedly applied.
In recent years, more and more people are asking whether 'virtual currency is worth anything at all'. Most issues can be summarized in two sentences: Where does the value of virtual currency come from? Having risen so much, is it currently high or low? Simply saying 'decentralization' and 'mining cost' is far from enough. What truly supports the price is, more importantly, recognition. However, 'recognition' is too abstract, so let's change to a more actionable statement: The cost gives a lower limit, while consensus and structure determine the upper limit. 1. Value does not lie in cost, but in 'consensus + structure'. Mining cost only indicates one thing:
According to Odaily Planet Daily, in the past 12 hours, the total liquidation amount of ZEC exceeded 68 million USD, with short positions liquidated exceeding 66 million USD. The liquidation amount of this cryptocurrency in the past 12 hours is second only to ETH and BTC.
just for logic
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ZEC skyrocketed 10 times, why do I not recommend recklessly shorting now?
Recently, the price of privacy coin ZEC (Zcash) has skyrocketed, with a peak increase of over 10 times, making it a 'miracle in reverse' amidst a sluggish cryptocurrency market. But paradoxically: even with such a rise, I still do not recommend ordinary investors to short ZEC right now. Why? 1. ZEC is somewhat like 'A-share Moutai' in a bear market. If I were to use a most intuitive analogy: Today's ZEC is somewhat like the 'Moutai' that everyone huddled together for warmth during the bear market of A shares back in the day. When the market is generally sluggish, it often selects a target with the highest consensus to rally around:
ZEC skyrocketed 10 times, why do I not recommend recklessly shorting now?
Recently, the price of privacy coin ZEC (Zcash) has skyrocketed, with a peak increase of over 10 times, making it a 'miracle in reverse' amidst a sluggish cryptocurrency market. But paradoxically: even with such a rise, I still do not recommend ordinary investors to short ZEC right now. Why? 1. ZEC is somewhat like 'A-share Moutai' in a bear market. If I were to use a most intuitive analogy: Today's ZEC is somewhat like the 'Moutai' that everyone huddled together for warmth during the bear market of A shares back in the day. When the market is generally sluggish, it often selects a target with the highest consensus to rally around:
The warehouse opened last night, and it rose immediately... Stop-loss price 942, the highest this morning was 941.7, almost got liquidated, narrowly escaped... Surviving a major disaster brings great blessings. If the leverage is a bit lower, there will be more opportunities to make money...
In the medium to long term, I still see the long-term value of BNB, but in the short term, during this highly panic phase, even a slight disturbance can trigger a chain sell-off, so I am mainly bearish on short-term contracts and waiting for a rebound...
Bitcoin falls below $93,000: All gains for the year wiped out. What went wrong this time?
Latest data from November 17 shows that the price of Bitcoin has fallen below the $93,000 mark, a single-day drop of 1.82%. Even more surprisingly, this round of continuous correction has almost wiped out all the gains made so far this year. In 2025, with institutions continuously entering the market, spot ETFs increasing in volume, and countries discussing the regulation of digital assets, why did this asset, which was regarded as the "leader" of the crypto market, suddenly collectively shut down? What caused Bitcoin to be so weak? Was this crash just a normal correction, or a collective squeeze of an "expectation bubble"?