加密情报橘

Recently, there has been another major event, which is that Huibao is facing collapse.
Although I want to keep it short, unfortunately, it’s a long story.
This matter has to start from the attack on Chen Zhi. In mid-October, the U.S. side used technical means to recover 127,000 Bitcoins from Chen Zhi and launched a global manhunt for him.
And Huibao was characterized as a payment channel that helped Chen Zhi launder money.

And the amazing thing is that as early as September last year, the Cambodian authorities revoked the business license of Huibao Payment, and completed the final liquidation in June this year, after which the incident of Chen Zhi's Bitcoin being stolen occurred.

In the short term, the role of U seems to be difficult to manage.
This afternoon, someone in the orange community raised a good question: Why is there a negative premium on U now?
The so-called negative premium is linked to the exchange rate of the US dollar, which is currently 1:7.07.

Under normal circumstances, the price of U would have some premium.

In recent days, the buying and selling price of usdt has begun to fall below 7, which is referred to as a negative premium.
The reason for the negative premium is that the number of people selling U has increased, market selling pressure has intensified, and enthusiasm for buying houses is insufficient, so prices will fall.

Recently, there has been a dramatic change in the industry, and a sense of panic is spreading across the internet.
Everyone only knows about the meetings and the crackdown, but very few have traced back to ask why we are having meetings and why the crackdown is necessary.
The titles in our industry have been changing continuously, whether it's blockchain, the metaverse, web3, or cryptocurrency, but in the eyes of the authorities, the title for our industry has never changed: virtual currency.
Titles represent attitudes. Those who look down on you might call you 'Little Wang,' while those who respect you will call you 'General Manager Wang.'
Today, the Orange Seat will conduct an in-depth analysis from this perspective, along with some industry secrets that you may not know.

The power of policy is beginning to show.
Yesterday in the group, everyone was still laughing and saying, oh, the current documents are not effective anymore, look, the market hasn’t reacted at all.
How about today? Can you still laugh? At this point, are you most sorry for your family?
Early this morning, as the day was just breaking, the market dropped sharply, and it has now fallen to around 85000. The cryptocurrency community is facing a very challenging Monday.

Today's decline appears to be mainly due to three factors:
On one hand, the spirit of the domestic conference has been communicated effectively. From a timing perspective, the morning sell-off was clearly a sell-off from the Asian region. The influence of domestic policy in Asia is still significant, and the impact is quite obvious.

I finally had a two-day weekend this week, so I took the kids out for a day of fun, and in the afternoon we watched Zootopia 2.
As a result, I was bombarded with text messages today: Yesterday, the central bank led a meeting and is going to crack down on cryptocurrency speculation again.
It's making it impossible for me to be in the mood to take care of the baby, and I still have to write articles in the middle of the night.
Today, Orange will provide an in-depth analysis of the content of this meeting.
The content I posted around 2:30 pm today is quite sophisticated overall.
First, the wording is very particular; there is only this one wording on the entire internet, and you can't find any other supplementary information.
You should know that in all past regulatory meetings about the industry, there were corresponding documents issued, whether it was an announcement or a notice. However, this time there was no detailed content. After searching for a long time, I found only this one press release on the entire internet.

Last Friday, Orange published an article stating that a bear market is coming, and in the article, analyzed it from five perspectives.
Five major reasons declare that cryptocurrency has officially entered a bear market.
In the past four days, there has been another massive correction, really taking a toll.
Currently, the mainstream narrative indeed has little to say, and the industry consensus is quite consistent, so you can see that the bulls have almost given up resistance.
What does it mean to plunge like a waterfall? This is what it means to plunge like a waterfall—within a month, Bitcoin has dropped by 30,000 USD.

In addition to some macro and industry analyses mentioned in previous articles, there are several direct inducements that lead to today's recap by Orange.

Since the event last month when the United States confiscated 127,000 Bitcoins from Chen Zhi, discussions about Bitcoin no longer being secure have become rampant. For a moment, it was hard to tell whether there were really that many fools or if it was just the incompetence of those who missed out.
This case has recently revealed new details, clarifying why Chen Zhi's Bitcoins were stolen.
In technical terms, it is because Bitcoin uses asymmetric encryption technology. The Bitcoin private key is a string of 256-bit binary random numbers, with a theoretical number of attempts to crack it being 2^256 times, which is nearly impossible.

However, if this 256-bit binary private key is not completely randomly generated, for example, if 224 bits follow a specific pattern that can be deduced, and only 32 bits are randomly generated, it would significantly reduce the strength of the private key, requiring only 2^32 (approximately 4.29 billion) attempts to crack it through brute force.

In the cryptocurrency circle, 'teacher' has never been a positive term. It's more like a teasing mockery.
Besides the most famous teacher in the cryptocurrency circle, Zhao Bei, there is another group known as the perpetual profit teachers.

It means that these people can make money under any circumstances, whether it's by pulling hair, participating in new projects, trading contracts, or seizing opportunities in popular cryptocurrencies; anyway, I've never seen them lose money.
But if you really want to know how much assets there are, then it's:

Recently, several so-called teachers have also faced disasters, but this disaster was ignited by themselves, just like today when Orange went to watch 'Demon Slayer' and Yoshiro understood himself.

I seriously ask you, do you think there is potential for deep cooperation between Orange Seat and the law firm?

Recently, Mankun's office in Hangzhou has been opened, and Orange Seat visited and had a more in-depth discussion, followed by some deep cooperation in business.

In fact, many things are subtle hints that can lead to significant developments. Orange Seat has known the founder of Mankun Law Firm, Liu Honglin, for several years, and the real in-depth contact started last year.

At that time, Orange Seat was withdrawing from the scene and went to Shanghai to chat with Lawyer Liu a few times, discovering that their track choice was good and there was significant room for optimization in their business model and product line.

Recently, Buffett's farewell letter and the aftermath of Duan Yongping's interview have been continuously appearing in the朋友圈 of the orange seat.
When two top value investors publicly speak out in succession, it is itself a significant signal.
Watching Duan Yongping's interview, I found that Duan is getting older, and his face is not as round as before.

I didn't originally intend to ride on the heat of the two, and I hadn't really looked at what they were saying. But today, I saw several friends sharing the key points in the朋友圈, and I found that some of them were very similar to my recent thoughts and decisions, so I boldly came up with this title.

The DeFi thunder is still rumbling, but it hasn't exploded on everyone's heads.
After the article was published last night, some fans found Orange Seat asking if their wallets could be saved.
But the reality is harsher—today, no one is collecting anymore, and the liquidity in the pool is 0.
Today, Lao Ma signed a contract, which is for Euler, with an amount close to 1 million.
The person leading this matter is a young brother I met a few years ago, who has been pushing asset recovery services to us, so we created a preliminary screening group for business—meaning if there is business, it will be posted in this group, we will screen it, continue with what can be done, and discard what cannot be done without concern.

The sale of stablecoin losses just concluded today, and I wrote a recap of this.
Both parties in these two cases today are dealing with amounts over 300,000 USD, totaling more than 600,000 USD; one has already been liquidated, and the other is still undergoing liquidation.
In the past few days, haven't many DeFi platforms exploded? Some fans and members unfortunately got caught up, and the only hope left is mevusdt.
Regarding this matter, Binance's statement is:


A couple of days ago when I was chatting with Loki, he told me that although there is no money left to borrow in the pool, there will still be people gradually paying back.

I was shocked to see a message these past few days, which was mentioned by lawyer Zhang Suhang during a live broadcast.
In simple terms, the fur pullers were taken down by the uncle, with losses amounting to five million.
This has directly caused an uproar in the fur pulling circle, and many people are speaking out for the studio.
However, in terms of regulations, there are indeed laws to follow.
I’m just curious, which genius found this angle?
According to Article 14 of the Provisional Regulations on the Administration of International Networking of Computer Information Networks of the People's Republic of China, those who violate the regulations may be fined up to 15,000 yuan, and illegal gains will be confiscated.

After yesterday's article, I instantly felt relieved.
Because among our fans, it seems that not many are into defi. This means that very few people got wiped out in this wave, and you won't come to me crying.
But this matter still needs to be discussed, on one hand, the background and on the other hand, the current situation and its impact on the future.
The beginning of this matter still goes back to the 1011 epic liquidation, where institutions, large holders, and market makers were directly wiped out.
Note, it's not that a lot was lost, it's that it was directly gone.
A few days ago, balancer was hacked for 100 million dollars, directly breaching the protocol's treasury, causing panic in the market.

Is there still hope for this industry?
Does decentralization still exist?
Isn't the data on the chain supposed to be transparent and immutable?
Then why do they specifically engage in data fraud, poison the chain, and pocket the profits while leaving the risks to the users?
Friends who have been playing DeFi these past few days probably haven't been sleeping well; stablecoin investments have been blowing up one after another, which is quite unbelievable.

I really agree with Cody's statement, which is to first attract deposits at high rates, then take users' money to do circular loans, directly printing four times the money.

Then they take these high-risk assets and cooperate with some chain protocols to open pools, raising the TVL while using the printed money for arbitrage.

How many people woke up today to find the sky had fallen?
Damn, I'm the same, working hard every day, earning this little money isn't even enough to cover the account's decline.
It's obvious that since 1011, the spirit of the entire industry has been drained, and liquidity has been getting worse.
Although there may be occasional rebound fluctuations, the potential is becoming weaker.
Plus, a series of recent bizarre events make people feel that the cryptocurrency world is no longer sexy.
The word 'sexy' has been circling in my mind lately, but that doesn't mean I'm a pervert.
So-called sexiness is a very subjective idea. It refers to something that has a lot of imagination space, just like when you see a sexy woman, it generates strong interest.

It's been a while since I've posted asset recovery cases, but I have been solving problems all along; I just didn't post anything new.
For example, on this Monday, I managed to recover an old HB's assets, and also dealt with another exchange's account unblocking.
Lao Ma called me and I didn't answer because I was attending a class by Teacher Jiang Yufei at that time.

After that, I had to meet friends and completely forgot to post cases related to this.
It wasn't until yesterday that a special case made me feel the need to post another article related to asset recovery, because this involves our bottom line and stance: we don't earn money from just anything.

Today is the last day of October, and I realized that this month has been the busiest one in recent years.
I arrived in Singapore at the end of September, and then spent some time with my family in Malaysia.
After returning, I focused on establishing the HODLER membership system, and then experienced the major crash on October 11.
I just returned and flew to Chengdu, then traveled to Xiamen and Shenzhen, and by the time I returned from Shenzhen, it was already the 20th.
Then on the 23rd, I flew back to Shenzhen because I needed to hold an event on the 25th.
In the blink of an eye, it's the end of the month.
This month, I also unlocked an achievement - spending 100,000 on knowledge payments in a single month.
This month, I first attended a course by Teacher Jiang Yufei and signed up for the private board meeting, which cost over 60,000 yuan.