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唐华斑竹
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唐华斑竹

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币乎大(推特X:@uniswap12),2025全球区块链百强创作者,独立研究员。在微博、推特、币乎、力场、币快报、向北社区、币车、财路、链书、八宝饭、链节点、巴比特、陀螺财经等币圈媒体拥有数十万粉丝。
2025 Blockchain 100 — Independent Researcher
2025 Blockchain 100 — Independent Researcher
Creator Awards 2024
Creator Awards 2024
原创之星
原创之星
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Posts
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Bearish
Binance: Annual compliance spending reaches $300 million, intercepts potential fraud totaling $10.53 billion In a statement, Binance said its annual compliance spending has reached about $300 million. Between 2025 and the first quarter of 2026, its internal systems intercepted potential fraud totaling $10.53 billion, protecting more than 5.4 million users. Binance currently has nearly 1,500 compliance employees, with its scale approaching that of large financial institutions. Since 2021, Binance has recovered more than $8.2 billion in users’ assets and handled 313653 law-enforcement agency requests. This disclosure comes as Binance faces regulatory pressure: under Europe’s MiCA rules, exchanges must be authorized or they will be required to stop service, and Binance is encountering regulatory headwinds across multiple EU countries. (FinanceFeeds)$GOOG.US {stock_us}(GOOG.US)
Binance: Annual compliance spending reaches $300 million, intercepts potential fraud totaling $10.53 billion
In a statement, Binance said its annual compliance spending has reached about $300 million. Between 2025 and the first quarter of 2026, its internal systems intercepted potential fraud totaling $10.53 billion, protecting more than 5.4 million users. Binance currently has nearly 1,500 compliance employees, with its scale approaching that of large financial institutions. Since 2021, Binance has recovered more than $8.2 billion in users’ assets and handled 313653 law-enforcement agency requests. This disclosure comes as Binance faces regulatory pressure: under Europe’s MiCA rules, exchanges must be authorized or they will be required to stop service, and Binance is encountering regulatory headwinds across multiple EU countries. (FinanceFeeds)$GOOG.US
GOOGUS+0.04%
330 billion yuan net worth becomes 35.7 billion yuan in debt, only took two years $BTC
330 billion yuan net worth becomes 35.7 billion yuan in debt, only took two years $BTC
It looks like Xiao Ai’s speaker is going to slip on a silicone doll and start cash-grabbing?! And it’s the world’s first too? Are they trying to make foreigners laugh their heads off?! I guess after watching this press conference, the deposit-retreat will come to a peak #AI #AIAgent $AAPL.US
It looks like Xiao Ai’s speaker is going to slip on a silicone doll and start cash-grabbing?! And it’s the world’s first too? Are they trying to make foreigners laugh their heads off?! I guess after watching this press conference, the deposit-retreat will come to a peak #AI #AIAgent $AAPL.US
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Bearish
Both the U.S. president and vice president hold large amounts of Bitcoin! Are you going to harvest the president?! Trump discloses holdings of over $100 million worth of BTC and ETH, with income of over $1.4 billion during the 2025 reporting period Bitcoin News posted on the X platform that Trump disclosed in his latest financial filing that he holds BTC and ETH worth more than $100 million, and reported income exceeding $1.4 billion during the 2025 reporting period. The documents show that Trump received more than $500 million in income from the crypto project World Liberty Financial, which he co-founded with his son; about $635 million in income from selling TRUMP Meme coins; and more than $80 million in income from legal settlements with a media company. The annual disclosure filing has been submitted to the U.S. Office of Government Ethics. Reuters previously estimated that since Trump returned to the presidency, the Trump family’s crypto businesses have generated at least $2.3 billion in profits from investors. U.S. Vice President JD Vance discloses holdings of between $250,001 and $500,000 worth of Bitcoin Bitcoin News posted on the X platform that, according to the latest financial disclosure documents, U.S. Vice President JD Vance disclosed that he holds Bitcoin worth between $250,001 and $500,000. $BTC {spot}(BTCUSDT)
Both the U.S. president and vice president hold large amounts of Bitcoin! Are you going to harvest the president?!
Trump discloses holdings of over $100 million worth of BTC and ETH, with income of over $1.4 billion during the 2025 reporting period
Bitcoin News posted on the X platform that Trump disclosed in his latest financial filing that he holds BTC and ETH worth more than $100 million, and reported income exceeding $1.4 billion during the 2025 reporting period. The documents show that Trump received more than $500 million in income from the crypto project World Liberty Financial, which he co-founded with his son; about $635 million in income from selling TRUMP Meme coins; and more than $80 million in income from legal settlements with a media company. The annual disclosure filing has been submitted to the U.S. Office of Government Ethics. Reuters previously estimated that since Trump returned to the presidency, the Trump family’s crypto businesses have generated at least $2.3 billion in profits from investors.
U.S. Vice President JD Vance discloses holdings of between $250,001 and $500,000 worth of Bitcoin
Bitcoin News posted on the X platform that, according to the latest financial disclosure documents, U.S. Vice President JD Vance disclosed that he holds Bitcoin worth between $250,001 and $500,000. $BTC
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Bearish
The level of this whale trading crypto is really not that much better than mine Holding for a bit more than 5 months and losing $4.33 million. Some whale sold 2,468 ETH About 4 hours ago, a certain whale sold 2,468 ETH at an average price of $1,572. The value was $3.88 million, and the loss was $4.33 million. Five months ago, the whale bought 2,468 ETH at $3,327, worth $8.21 million. $ETH {spot}(ETHUSDT)
The level of this whale trading crypto is really not that much better than mine
Holding for a bit more than 5 months and losing $4.33 million. Some whale sold 2,468 ETH
About 4 hours ago, a certain whale sold 2,468 ETH at an average price of $1,572. The value was $3.88 million, and the loss was $4.33 million. Five months ago, the whale bought 2,468 ETH at $3,327, worth $8.21 million. $ETH
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Bearish
Verified
Binance and Anchorage Digital Partner to Bring Bank Triparty Custody to Institutional Crypto Trading On July 1, Binance announced a partnership with digital asset custodian Anchorage Digital. The latter’s Atlas over-the-counter (OTC) settlement platform will be integrated into the Binance Triparty Banking network, providing institutional clients with a new compliant custody and settlement solution. With this integration, eligible institutional clients can independently custody crypto assets and U.S. dollar funds with Anchorage Digital, and use them as collateral for trading on Binance—without having to pre-deposit funds into the trading platform. This reduces counterparty risk and improves capital utilization. The partnership also marks the first time Anchorage Digital Atlas has been connected to a cryptocurrency trading platform. Binance VIP and Institutional Business Head Catherine Chen said: “Binance continues to build market infrastructure that meets institutional needs, helping professional traders participate in the crypto market in a safer and more efficient way. Through our partnership with Anchorage Digital to launch an OTC settlement service, qualified institutional clients will be able to manage asset custody and collateral in a way that is closer to traditional financial markets, while also benefiting from Binance’s market liquidity.”$BNB {spot}(BNBUSDT)
Binance and Anchorage Digital Partner to Bring Bank Triparty Custody to Institutional Crypto Trading
On July 1, Binance announced a partnership with digital asset custodian Anchorage Digital. The latter’s Atlas over-the-counter (OTC) settlement platform will be integrated into the Binance Triparty Banking network, providing institutional clients with a new compliant custody and settlement solution. With this integration, eligible institutional clients can independently custody crypto assets and U.S. dollar funds with Anchorage Digital, and use them as collateral for trading on Binance—without having to pre-deposit funds into the trading platform. This reduces counterparty risk and improves capital utilization. The partnership also marks the first time Anchorage Digital Atlas has been connected to a cryptocurrency trading platform.
Binance VIP and Institutional Business Head Catherine Chen said: “Binance continues to build market infrastructure that meets institutional needs, helping professional traders participate in the crypto market in a safer and more efficient way. Through our partnership with Anchorage Digital to launch an OTC settlement service, qualified institutional clients will be able to manage asset custody and collateral in a way that is closer to traditional financial markets, while also benefiting from Binance’s market liquidity.”$BNB
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Bearish
[The Rhythm of History: The Time Code of Bitcoin’s Cycles]📉 When looking back at past cycles, the data is strikingly similar: ⚫️ 542 days before the 2016 halving → bear market bottom ⚫️ 513 days before the 2020 halving → bear market bottom ⚫️ 516 days before the 2024 halving → bear market bottom History tells us that the major bottom often appears around ~520 days before the halving. And right now, there are 641 days until the 2028 halving. Although there’s still time left, we’ve already entered the reach of this time window. $BTC {spot}(BTCUSDT)
[The Rhythm of History: The Time Code of Bitcoin’s Cycles]📉
When looking back at past cycles, the data is strikingly similar:
⚫️ 542 days before the 2016 halving → bear market bottom
⚫️ 513 days before the 2020 halving → bear market bottom
⚫️ 516 days before the 2024 halving → bear market bottom
History tells us that the major bottom often appears around ~520 days before the halving.
And right now, there are 641 days until the 2028 halving.
Although there’s still time left, we’ve already entered the reach of this time window. $BTC
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Bearish
Verified
Simple to understand: going forward, Bitcoin MicroStrategy Strategy has changed from a treasury company whose sole goal was to hold Bitcoin reserves into a trading/coin-buying-and-selling company that can sell and buy at any time. Everything comes first for the company’s preferred shareholders and debt holders. When you have 4% of the total Bitcoin, and you can influence the market, you can do something like this too. $BTC {spot}(BTCUSDT)
Simple to understand: going forward, Bitcoin MicroStrategy Strategy has changed from a treasury company whose sole goal was to hold Bitcoin reserves into a trading/coin-buying-and-selling company that can sell and buy at any time.
Everything comes first for the company’s preferred shareholders and debt holders.
When you have 4% of the total Bitcoin, and you can influence the market, you can do something like this too. $BTC
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Bearish
Partly True
This 95-year-old makes only one extremely simple investment decision and is well-off for life. In 1986, he bought 600 shares of Berkshire stock at $2,000 per share; today, the total value is already over $450 million. This is just like what Buffett said: at certain key turning points, making just one or two correct decisions is enough to win for the rest of your life. In a counter-cyclical environment, we should do more subtraction in our investments—seize the core narratives and core value projects, hold firmly, and we will surely benefit greatly! Believe in everything you’ve held on to!$AAPL.US {stock_us}(AAPL.US)
This 95-year-old makes only one extremely simple investment decision and is well-off for life.
In 1986, he bought 600 shares of Berkshire stock at $2,000 per share; today, the total value is already over $450 million.
This is just like what Buffett said: at certain key turning points, making just one or two correct decisions is enough to win for the rest of your life.
In a counter-cyclical environment, we should do more subtraction in our investments—seize the core narratives and core value projects, hold firmly, and we will surely benefit greatly!
Believe in everything you’ve held on to!$AAPL.US
AAPLonAlpha
AAPLUS+0.05%
Verified
Article
Ultra-Short-Term “Evil Cult” Trader Yang Yongxing: 1 Million to 100 Million in 16 Months—Full Breakdown of the Overnight Holding MethodYang Yongxing is one of the most legendary ultra-short-term trading masters in the history of China’s A-share market. From 2006 to 2007, he won back-to-back championships at the Chaoyang Yongxu China Private Fund Fengyun List (the most authoritative on-the-ground live trading competition in the industry). Starting with a principal of 1 million, he turned it into 100 million in 16 months, achieving a 100x return. In 2007, his returns over a 10-month period reached as high as 1497%. His original “overnight holding method” turns the A-share T+1 trading rule into a core advantage—essentially, it is about extreme risk compression plus high-frequency, stable compounding. To this day, it remains a classic paradigm in the ultra-short-term trading field. 1. Core insights and lessons (compiled from Yang Yongxing’s public statements)

Ultra-Short-Term “Evil Cult” Trader Yang Yongxing: 1 Million to 100 Million in 16 Months—Full Breakdown of the Overnight Holding Method

Yang Yongxing is one of the most legendary ultra-short-term trading masters in the history of China’s A-share market. From 2006 to 2007, he won back-to-back championships at the Chaoyang Yongxu China Private Fund Fengyun List (the most authoritative on-the-ground live trading competition in the industry). Starting with a principal of 1 million, he turned it into 100 million in 16 months, achieving a 100x return. In 2007, his returns over a 10-month period reached as high as 1497%. His original “overnight holding method” turns the A-share T+1 trading rule into a core advantage—essentially, it is about extreme risk compression plus high-frequency, stable compounding. To this day, it remains a classic paradigm in the ultra-short-term trading field.
1. Core insights and lessons (compiled from Yang Yongxing’s public statements)
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Bearish
Over the past couple of days, Bitcoin has been getting weaker and weaker, and the criticism has been getting louder and louder, but its price is still around $59,000. Back in 2011 on Taobao, one Bitcoin was sold for only 3.5 yuan. Almost nobody had high hopes for it. Many people would buy a little on a whim to make a small profit and then hurriedly cash out. There were even people who posted to ask what use it had, but nobody replied. Years later, its price skyrocketed—investing a few thousand yuan back then could turn into an asset worth over a hundred million. But if you rewind to that year, how many people would truly have the courage to make such a bold purchase? In reality, there just weren’t that many. Most people were convinced it was a scam. If we could rewind time back to 2011, would we really have the nerve to buy in so boldly? Many times, it’s not that opportunities aren’t right there in front of us—it’s that when they pass us by, we tell ourselves we’re being rational and clear-headed. But looking back now, isn’t this kind of regret just the normal experience for most people? #BTC $BTC
Over the past couple of days, Bitcoin has been getting weaker and weaker, and the criticism has been getting louder and louder, but its price is still around $59,000.
Back in 2011 on Taobao, one Bitcoin was sold for only 3.5 yuan. Almost nobody had high hopes for it. Many people would buy a little on a whim to make a small profit and then hurriedly cash out. There were even people who posted to ask what use it had, but nobody replied. Years later, its price skyrocketed—investing a few thousand yuan back then could turn into an asset worth over a hundred million. But if you rewind to that year, how many people would truly have the courage to make such a bold purchase? In reality, there just weren’t that many. Most people were convinced it was a scam.
If we could rewind time back to 2011, would we really have the nerve to buy in so boldly? Many times, it’s not that opportunities aren’t right there in front of us—it’s that when they pass us by, we tell ourselves we’re being rational and clear-headed. But looking back now, isn’t this kind of regret just the normal experience for most people? #BTC $BTC
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Bullish
You’ve seen what Binance is doing this time with the USD1 one-month savings/interest rate boost, right? The rate is really generous. The first 2,000 USD1 get 8.5% annualized, and the portion beyond that still gets another 0.5%. Compared to that, what are banks offering for fixed deposits these days? And dollar money market funds are only a little over 4%. Binance’s move has pushed USD1’s fixed-income yield to a new high. The promotion lasts for just one month, from June 27 to July 27. The window isn’t long, but luckily it’s a savings account—deposit any time, withdraw anytime—and interest is credited to your account automatically every day. The tiered earnings are distributed to your spot account daily; the first reward arrives on the third day after you place your subscription. As for that additional 0.5% real-time annualized rate—it's even more straightforward: it accrues into your wealth-management account every minute. That instant feedback feels really friendly for funds that prefer to “fast in, fast out.” The key is that the entry barrier is extremely low: you can get started with just 0.01 USD1, while the cap is set high at 2.5 million USD1—so it works for both small and large amounts. To put it simply, they’re giving benefits to USD1 holders with real money. Don’t miss it. Now it’s become a multi-party win at the ecosystem level: Binance attracts and retains capital, USD1 benefits from the deep liquidity support of a top exchange, and users get higher interest—everyone’s happy. In terms of operations, there’s nothing tricky. On the buy-crypto page, buy USD1 directly with fiat, or top up USD1 from an external wallet, then go to the “principal-protected + earn coins” section and select the savings/interest subscription. Visa, Mastercard, Google Pay, and Apple Pay are supported, keeping the friction cost for buying crypto to the absolute minimum. I think the real value of this promotion isn’t just earning a bit of interest—it’s also that it provides an almost risk-free yield exit for idle stablecoins. In DeFi, doing LP often means dealing with impermanent loss; and lending protocol rates bounce around all the time. Binance’s centralized custody plus savings-style interest approach, however, ends up being a safe haven for conservative capital. Especially for people who already hold USD1, this month is basically free profit, and you don’t have to lock funds—liquidity is unaffected at all. Promotion details: [https://www.binance.com/zh-CN/support/announcement/detail/d6821242f0d44c7388a42e4514154496](https://www.binance.com/zh-CN/support/announcement/detail/d6821242f0d44c7388a42e4514154496) #USD1 #WLFI $USD1 {spot}(WLFIUSDT)
You’ve seen what Binance is doing this time with the USD1 one-month savings/interest rate boost, right? The rate is really generous. The first 2,000 USD1 get 8.5% annualized, and the portion beyond that still gets another 0.5%. Compared to that, what are banks offering for fixed deposits these days? And dollar money market funds are only a little over 4%. Binance’s move has pushed USD1’s fixed-income yield to a new high.

The promotion lasts for just one month, from June 27 to July 27. The window isn’t long, but luckily it’s a savings account—deposit any time, withdraw anytime—and interest is credited to your account automatically every day. The tiered earnings are distributed to your spot account daily; the first reward arrives on the third day after you place your subscription. As for that additional 0.5% real-time annualized rate—it's even more straightforward: it accrues into your wealth-management account every minute. That instant feedback feels really friendly for funds that prefer to “fast in, fast out.”

The key is that the entry barrier is extremely low: you can get started with just 0.01 USD1, while the cap is set high at 2.5 million USD1—so it works for both small and large amounts. To put it simply, they’re giving benefits to USD1 holders with real money. Don’t miss it.

Now it’s become a multi-party win at the ecosystem level: Binance attracts and retains capital, USD1 benefits from the deep liquidity support of a top exchange, and users get higher interest—everyone’s happy.

In terms of operations, there’s nothing tricky. On the buy-crypto page, buy USD1 directly with fiat, or top up USD1 from an external wallet, then go to the “principal-protected + earn coins” section and select the savings/interest subscription. Visa, Mastercard, Google Pay, and Apple Pay are supported, keeping the friction cost for buying crypto to the absolute minimum.

I think the real value of this promotion isn’t just earning a bit of interest—it’s also that it provides an almost risk-free yield exit for idle stablecoins. In DeFi, doing LP often means dealing with impermanent loss; and lending protocol rates bounce around all the time. Binance’s centralized custody plus savings-style interest approach, however, ends up being a safe haven for conservative capital. Especially for people who already hold USD1, this month is basically free profit, and you don’t have to lock funds—liquidity is unaffected at all.

Promotion details: https://www.binance.com/zh-CN/support/announcement/detail/d6821242f0d44c7388a42e4514154496

#USD1 #WLFI $USD1
Verified
Article
GOAT Network Delivered an Impressive Performance in JuneIn June, GOAT Network delivered a truly impressive set of results. Throughout the month, a clear thread is visible: they’re not just stacking concepts—they’re aggregating the various modules of the AI agent economy one by one. Let’s start with the most intuitive real-world scenario. In early June, @GOATNetwork launched a gift card platform. Users can buy gift cards for mainstream merchants such as Airbnb, Amazon, Apple, DoorDash, Starbucks, Uber, and Walmart directly with USDT and USDC. It sounds like a small feature, but the underlying logic is worth thinking about. CEO @kevinliu points out that—gift cards themselves aren’t the focus; the focus is the payment process. The user makes a request, the agent automatically checks available options, generates an order, completes payment via x402, tracks fulfillment status, and finally returns the result. Throughout the entire process, the user doesn’t need to manually do anything. Snaplii provides the merchant fulfillment layer, while GOAT provides the agent payment layer. This is essentially validating a bigger proposition: can agents connect crypto payments with real-world consumption scenarios? Gift cards are just a starting point, but once this model works end-to-end, the room for expansion is enormous.

GOAT Network Delivered an Impressive Performance in June

In June, GOAT Network delivered a truly impressive set of results. Throughout the month, a clear thread is visible: they’re not just stacking concepts—they’re aggregating the various modules of the AI agent economy one by one.
Let’s start with the most intuitive real-world scenario. In early June, @GOATNetwork launched a gift card platform. Users can buy gift cards for mainstream merchants such as Airbnb, Amazon, Apple, DoorDash, Starbucks, Uber, and Walmart directly with USDT and USDC. It sounds like a small feature, but the underlying logic is worth thinking about. CEO @kevinliu points out that—gift cards themselves aren’t the focus; the focus is the payment process. The user makes a request, the agent automatically checks available options, generates an order, completes payment via x402, tracks fulfillment status, and finally returns the result. Throughout the entire process, the user doesn’t need to manually do anything. Snaplii provides the merchant fulfillment layer, while GOAT provides the agent payment layer. This is essentially validating a bigger proposition: can agents connect crypto payments with real-world consumption scenarios? Gift cards are just a starting point, but once this model works end-to-end, the room for expansion is enormous.
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Bearish
Ma Ji won’t be wiped out; a bull market is hard to come by. Lao Ma, can you please calm down? Admit defeat. Ma Ji’s big brother’s Ethereum long position was partially liquidated; the current position size is only 880 ETH Hyperbot data shows that the 25x leveraged Ethereum long position held by Huang Licheng, aka Ma Ji’s big brother, suffered partial liquidations over the past 1 hour. The current position size is only 880 ETH, with an unrealized loss of $22,000. The liquidation price is currently at $1,543, and the ROI is negative 39.85%.$ETH {spot}(ETHUSDT)
Ma Ji won’t be wiped out; a bull market is hard to come by. Lao Ma, can you please calm down? Admit defeat.
Ma Ji’s big brother’s Ethereum long position was partially liquidated; the current position size is only 880 ETH
Hyperbot data shows that the 25x leveraged Ethereum long position held by Huang Licheng, aka Ma Ji’s big brother, suffered partial liquidations over the past 1 hour. The current position size is only 880 ETH, with an unrealized loss of $22,000. The liquidation price is currently at $1,543, and the ROI is negative 39.85%.$ETH
Marrying her means getting the entire forest $AI
Marrying her means getting the entire forest $AI
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Bearish
Verified
Watching Duan Yongping’s move to buy Pop Mart—now that’s real financial excitement. In just a few days, he pulled out over HK$2.2 billion in cash and hard-slammed it in, essentially buying himself into the company as the second-largest shareholder. Turn around and look at the current stock price: HK$153. With billions worth of buying like this, the big guy is still trading around his cost basis. How was this money poured in? The pace is so fast it makes your eyes dizzy. In April, he first sold put options to test the waters. On May 25, he made a direct, big move. HK$1.47 billion was transferred from the account, and he snapped up more than 9.82 million shares in one go, with an average price around HK$150. Once this trade was done, he immediately triggered a mandatory shareholding disclosure. Three days later, on May 28, without even catching his breath, he pulled out another HK$757 million, this time sweeping up 4.66 million shares again at a higher average price of HK$162.5. After these two plays, Pop Mart’s shareholder register was effectively reshuffled. Other than the founder Wang Ning sitting in the top chair, the “second-in-command” slot under him was taken over by Duan Yongping. No flashy maneuvers—just hard cash and a hard hit. But the market numbers don’t care about human sentiment. Now Pop Mart’s stock price is stuck at HK$153. Work out the average price from those two buy-ins: this HK$2.2 billion of real money, so far, is only just breaking even—and the batch he bought at higher levels is even sitting on an unrealized loss. Retail investors watch every few-cents of price movement and急得拍大腿 (breathe down their own necks in anxiety). Meanwhile, he’s sitting stably right near his cost basis with tens of billions. So tell me—this boss Duan’s “super big blind box” worth HK$2.2 billion… what kind of hidden item do you think he’ll finally open? $AAPL.US {stock_us}(AAPL.US)
Watching Duan Yongping’s move to buy Pop Mart—now that’s real financial excitement.
In just a few days, he pulled out over HK$2.2 billion in cash and hard-slammed it in, essentially buying himself into the company as the second-largest shareholder. Turn around and look at the current stock price: HK$153. With billions worth of buying like this, the big guy is still trading around his cost basis.
How was this money poured in? The pace is so fast it makes your eyes dizzy.
In April, he first sold put options to test the waters. On May 25, he made a direct, big move. HK$1.47 billion was transferred from the account, and he snapped up more than 9.82 million shares in one go, with an average price around HK$150. Once this trade was done, he immediately triggered a mandatory shareholding disclosure.
Three days later, on May 28, without even catching his breath, he pulled out another HK$757 million, this time sweeping up 4.66 million shares again at a higher average price of HK$162.5.
After these two plays, Pop Mart’s shareholder register was effectively reshuffled. Other than the founder Wang Ning sitting in the top chair, the “second-in-command” slot under him was taken over by Duan Yongping.
No flashy maneuvers—just hard cash and a hard hit.
But the market numbers don’t care about human sentiment. Now Pop Mart’s stock price is stuck at HK$153. Work out the average price from those two buy-ins: this HK$2.2 billion of real money, so far, is only just breaking even—and the batch he bought at higher levels is even sitting on an unrealized loss.
Retail investors watch every few-cents of price movement and急得拍大腿 (breathe down their own necks in anxiety). Meanwhile, he’s sitting stably right near his cost basis with tens of billions. So tell me—this boss Duan’s “super big blind box” worth HK$2.2 billion… what kind of hidden item do you think he’ll finally open? $AAPL.US
AAPLUS+0.05%
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Bearish
Partly True
After Micron’s stock price fell from $100 to just over a dollar following the burst of the internet bubble in 2000, it didn’t return to $100 until 25 years later. After that, within less than a year, it surged 10-fold, with the latest closing price at $1,132. After this bubble burst, it’s not impossible for it to fall back to $100... In fact, you can short the US stock market—you can do that on Binance. $MGA.US {stock_us}(MGA.US)
After Micron’s stock price fell from $100 to just over a dollar following the burst of the internet bubble in 2000, it didn’t return to $100 until 25 years later. After that, within less than a year, it surged 10-fold, with the latest closing price at $1,132.
After this bubble burst, it’s not impossible for it to fall back to $100... In fact, you can short the US stock market—you can do that on Binance. $MGA.US
MUonAlpha
MUUS-2.56%
Verified
Article
Learning from Buffett backfires—Fosun’s losses top RMB 20 billion; the overseas investment blunder involving the former billionaire is revealedGuo Guangchang, once the “Chinese Buffett” who was once thriving, this time took a solid tumble. Fosun International, listed in Hong Kong, has released a performance forecast, expecting to record a huge loss of RMB 21.5 billion to RMB 23.5 billion in 2025. This is not only its biggest loss since listing, but also nearly five times the loss amount in 2024. The moment the news broke, mockery flooded the internet. Some people believe that value investing doesn’t work in A-shares, and even joke that if the real Buffett were here, he’d still have to lose a layer of skin. However, does Fosun’s massive losses really have to be blamed on the A-share market and value investing?

Learning from Buffett backfires—Fosun’s losses top RMB 20 billion; the overseas investment blunder involving the former billionaire is revealed

Guo Guangchang, once the “Chinese Buffett” who was once thriving, this time took a solid tumble.
Fosun International, listed in Hong Kong, has released a performance forecast, expecting to record a huge loss of RMB 21.5 billion to RMB 23.5 billion in 2025.
This is not only its biggest loss since listing, but also nearly five times the loss amount in 2024.
The moment the news broke, mockery flooded the internet.
Some people believe that value investing doesn’t work in A-shares, and even joke that if the real Buffett were here, he’d still have to lose a layer of skin.
However, does Fosun’s massive losses really have to be blamed on the A-share market and value investing?
NVDAonAlpha
NVDAUS-0.48%
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Bearish
There’s a saying my uncle taught me. He said that at a dinner party, if someone publicly insults you and then immediately raises a glass and says, “Just kidding—bro, I’ll toast you with this,” then it’s considered to be over and done with. But if your hand dares to reach for that glass, then in your lifetime you won’t be able to hold your head up in that circle. The first time I heard this, I’d only just graduated and didn’t know much. My uncle and I went to crash a dinner gathering. At the table there was Old Liu, who did building materials business. He’d had a few drinks and started teasing my uncle. He said, “Old Zhang, you haven’t been doing too well these past few years. Back when we ran projects together, you were the most capable. Look at you now!” After he finished, he laughed first, and a few people at the table followed him and laughed too. When the laughter died down, he raised his cup and said, “Just kidding, just kidding—bro, I’ll toast you with this.” My uncle sat there with his hands under the table, smiling on his face. He just watched as Old Liu held up his glass for a long time. Gradually the table grew quiet. The smile on Old Liu’s face dropped bit by bit. He didn’t know whether to put the glass down or keep holding it up. Later, he muttered something like, “Alright, alright—I'll drink.” He gulped it down in one go, thumped the table with the cup, and never brought up that topic again. On the way home, my uncle told me: “If someone tramples you in public and then says it’s a joke, he isn’t joking with you. He’s seeing how much you’re willing to endure. When you lift that glass, it tells everyone that he can keep trampling you. Next time, you won’t need to ask why it’s you and only you—because the first time was when you allowed it.” Later, I ran into something like it myself. One time, a guy surnamed Zhou, at a client’s table in front of seven or eight people, said my proposal wasn’t any good. After he finished, he lifted his teacup and said, “Come on, come on—let’s treat this as tea instead of wine. What I said just now was too harsh. Don’t take it to heart.” My hand was clenched under the table around my phone. The screen lit up then dimmed, but I didn’t move. I just sat there, looking at him. He held his cup up for a while and then drank. After that, at the next part of the meal, he never said another cruel thing. So what do you think—should this glass be lifted or not? $AAPL.US {stock_us}(AAPL.US)
There’s a saying my uncle taught me. He said that at a dinner party, if someone publicly insults you and then immediately raises a glass and says, “Just kidding—bro, I’ll toast you with this,” then it’s considered to be over and done with. But if your hand dares to reach for that glass, then in your lifetime you won’t be able to hold your head up in that circle.

The first time I heard this, I’d only just graduated and didn’t know much. My uncle and I went to crash a dinner gathering. At the table there was Old Liu, who did building materials business. He’d had a few drinks and started teasing my uncle. He said, “Old Zhang, you haven’t been doing too well these past few years. Back when we ran projects together, you were the most capable. Look at you now!” After he finished, he laughed first, and a few people at the table followed him and laughed too. When the laughter died down, he raised his cup and said, “Just kidding, just kidding—bro, I’ll toast you with this.”

My uncle sat there with his hands under the table, smiling on his face. He just watched as Old Liu held up his glass for a long time. Gradually the table grew quiet. The smile on Old Liu’s face dropped bit by bit. He didn’t know whether to put the glass down or keep holding it up. Later, he muttered something like, “Alright, alright—I'll drink.” He gulped it down in one go, thumped the table with the cup, and never brought up that topic again.

On the way home, my uncle told me: “If someone tramples you in public and then says it’s a joke, he isn’t joking with you. He’s seeing how much you’re willing to endure. When you lift that glass, it tells everyone that he can keep trampling you. Next time, you won’t need to ask why it’s you and only you—because the first time was when you allowed it.”

Later, I ran into something like it myself. One time, a guy surnamed Zhou, at a client’s table in front of seven or eight people, said my proposal wasn’t any good. After he finished, he lifted his teacup and said, “Come on, come on—let’s treat this as tea instead of wine. What I said just now was too harsh. Don’t take it to heart.” My hand was clenched under the table around my phone. The screen lit up then dimmed, but I didn’t move. I just sat there, looking at him. He held his cup up for a while and then drank. After that, at the next part of the meal, he never said another cruel thing.

So what do you think—should this glass be lifted or not?
$AAPL.US
AAPLUS+0.05%
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Bearish
The 7 biggest U.S. stock giants—could it be that at least 2 are about to blow up? It’s very likely Microsoft and Apple. Musk said, “You think someone like Bill Gates—who founded Microsoft—is one of the world’s largest companies. You think he would be very hard-nosed, very solid, when it comes to science—but in reality, he’s not very strong in science.” Apple is already notorious among its suppliers: it first takes technology from Supplier A, then leaks it to Supplier B, and then lets A and B compete against each other to drive down prices. This approach is called the “second sourcing strategy.” Musk also said, “Bill Gates came to visit me at Tesla’s super factory in Austin and told me that long-distance semi-trailer trucks can’t be done. And I thought, well, we already have them—you can go drive them yourself. PepsiCo is actually using them right now.” And the story about Apple trying to leak Samsung’s OLED technology to BOE is widely known. The problem is that this strategy doesn’t work in the memory industry, because it requires massive capital investment. And the fourth player, ChangXin Memory Technologies (CXMT), is also constrained by U.S. Department of Defense restrictions.$MICC.US {stock_us}(MICC.US)
The 7 biggest U.S. stock giants—could it be that at least 2 are about to blow up? It’s very likely Microsoft and Apple.
Musk said, “You think someone like Bill Gates—who founded Microsoft—is one of the world’s largest companies. You think he would be very hard-nosed, very solid, when it comes to science—but in reality, he’s not very strong in science.”
Apple is already notorious among its suppliers: it first takes technology from Supplier A, then leaks it to Supplier B, and then lets A and B compete against each other to drive down prices. This approach is called the “second sourcing strategy.”
Musk also said, “Bill Gates came to visit me at Tesla’s super factory in Austin and told me that long-distance semi-trailer trucks can’t be done. And I thought, well, we already have them—you can go drive them yourself. PepsiCo is actually using them right now.”
And the story about Apple trying to leak Samsung’s OLED technology to BOE is widely known.
The problem is that this strategy doesn’t work in the memory industry, because it requires massive capital investment. And the fourth player, ChangXin Memory Technologies (CXMT), is also constrained by U.S. Department of Defense restrictions.$MICC.US
MSFTonAlpha
AAPLUS+0.05%
MSFTUS+1.59%
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