林克Clean

I have held Bitcoin for 10 years, and this Binance account is the same age as Binance itself. I registered in July 2017 when Binance launched. Today, I found a post from 2016 when I bought Bitcoin for over 524,649,986,103,000 RMB. At the end of that year, Trump was elected as the President of the United States for the first time, and the price of Bitcoin surged to over 7,000 RMB. I sold off more than half, making a profit of more than double. That was the time I sold the most Bitcoin. Low cost but unable to hold, the limitation of understanding is just the surface. The deeper reason is that Bitcoin has become a container for consuming imagination, carrying a future narrative far beyond my initial understanding.
Observing the Bitcoin whales around me, most of them earn Bitcoin through work. The cost is not the fiat currency used to buy it, but the realization of abilities and resources. Therefore, the cost of fiat currency is original sin, and anchoring prices is a mental demon. The best way is to make your abilities and value become mining machines, directly exchanging labor value for Bitcoin. Without buying points or selling points, one can traverse bulls and bears and stand firm in the torrent of time.

I am really quite disappointed with this Hong Kong cryptocurrency conference.

A female friend of mine, who is from traditional finance and has a good image, is interested in Web3 and specially came to attend the conference.
I simply couldn't find the time, so I asked a friend to take her to a few events.

As a result, she came back to me saying:
Among the people she met at the venue, some added her on WeChat and immediately sent rude messages;
Some came over showing off and bragging about all sorts of things;
And there were a few more outrageous ones, I saw that they were famous scammers in the industry 👍🏻

A newcomer who genuinely wants to understand the industry faces such an environment on-site. If they didn't have someone familiar with them, they probably would have already been led astray by these people.

This is the current state of our industry.

The authors of the Twitter prize-winning essays have already received the money, $1,000,000, directly given in cash by Musk

The Alpha token $K launched last year has dropped from an opening price of 0.38 to the current 0.0035, almost approaching zero.
Altcoins have fallen by 95%, requiring a 20x return to break even,
while those that have dropped to around 99% need a miracle of a 100x increase to break even.
In this situation, what can we say about altcoin season? 😂

After the six major sects besieged the Bright Summit.

The Shaolin Temple was attacked, and most of the monks were captured. Behind the sixteen statues in the Arhat Hall, sixteen characters were carved:

"First destroy Shaolin, then eliminate Wudang, only our Ming Sect shall reign over the martial world."

The Jianghu once again was on the brink of conflict.

In truth, everything was orchestrated by someone else, aimed at inciting the central plains martial artists to kill each other.

All of this was intentionally provoked by someone.

Came to Hong Kong for a conference, first to climb a mountain.
Reaching the top won't give you answers, but it will make you forget many questions.

Maji has cleared $HYPE long positions and added to ETH long positions to 9.46 million U. This is a reflection of how many times Ethereum has been cut and still does not learn. This narrative will not disappoint you, only Hyperliquid. HYPE will eventually surpass the old DENG tokens step by step.

May I ask everyone, using high-leverage contracts and borrowing methods to build positions, without buying spot
Can this be considered Building?

Despite the recent major market corrections, the total market value of stablecoins remains at historical highs.
There are rumors that China may be exploring the development of digital assets not backed by the renminbi.

2025 is truly a year of much sound but little rain; even Liu Qiangdong has publicly spoken about wanting to create stablecoins, continuously emphasizing their importance.
Plans were already made to apply for the issuance of stablecoins in Hong Kong, but ultimately it fell through due to regulation.

Currently, the total market value of stablecoins is over 300 billion USD, among which the stablecoin USD1 under $WLFI has grown the most.
In the past month, its circulating market value has increased by 50.64%, now standing at 5.217 billion USD, ranking fifth among stablecoins.
With altcoins dropping like this, the crypto market has little to attract the public; the only highlight is the investment returns.
In a sluggish market, the annualized yield of USD1 is around 15%, a high return that traditional finance finds hard to compete with.

Huh? Did the police officer steal 20.98 million in encrypted assets from the suspect to trade cryptocurrencies?
I saw a lawyer's public account disclose: Officer Yan took advantage of his position in handling a pyramid scheme case to obtain the wallet accounts and private keys from the phones/computers of suspects Zhang and Liao.
He privately kept the keys, deliberately deleted device records, and then submitted the phone.
After being transferred from the special investigation team, he quickly moved the assets and then went to open contracts 😂
Ultimately sentenced to 11 years, fined 500,000, and deprived of political rights for 2 years.

In the world of adults, values indeed follow profits.

My photographer friend still reminisces about the most intense period of the Russia-Ukraine war.

At that time, the consumption of drones on the battlefield was tremendous, and DJI strictly limited the export of new machines to the warring countries, leading the Ukrainian military to frantically purchase second-hand and refurbished drones.

Demand surged explosively, new machine channels were completely blocked, and the prices of second-hand stock machines were rapidly driven up. For a while, second-hand stock was even more expensive than new ones, creating a price inversion.

He made over 2 million in a year just by trading second-hand drones.

ETH market makers suddenly malfunctioned, with prices soaring and plummeting within the $2030-$2060 range in seconds, repeatedly fluctuating like a ghost drawing symbols for a full 20 minutes. Some traders reported easily profiting using grid strategies, making hundreds of thousands of dollars, while others who only made $50,000 felt embarrassed to post.

It's really a bear market, so many troubles.

Just now, a bug appeared with the market maker, causing spikes up and down. Some bloggers pulled out over a hundred thousand U at once. Actually, setting up an automatic grid at this time would be awesome, printing money like crazy in just a few minutes!

Bitcoin fell by 50% over 4 months, while silver fell by 45% in just a week. Looking at it this way, don't the brothers in the crypto circle feel a bit better?

Explosive! The traffic has already exploded. NBA superstar Giannis Antetokounmpo officially announced his investment and became a shareholder in Kalshi, the largest prediction market platform in the United States, while joining the company as a partner.
This also means: an MVP-level superstar who dominates the court in the NBA now holds shares in a platform that allows global users to bet on NBA game results (including wins and losses, player performance, trade rumors, etc.).
While he is fighting hard on the court, he is also 'betting' on his league off the court—what a move?
Both Kalshi officials and Giannis himself emphasize: as a shareholder, he is strictly prohibited from participating in any NBA-related market transactions to avoid conflicts of interest.
But it must be said, when this news broke, the Chinese internet and English-speaking circles exploded:
"The players have finally started to 'gamble on games'?"

Trump released a video targeting Obama's racial discrimination, and the White House claimed it was sent by mistake by staff, and it has now been deleted. This explanation is no different from that of a temporary worker, but at first glance, Trump is clearly a racist.

Has the market situation forced even the veterans in the crypto world to this extent? It's all so mysterious.

The policy has come out again to crack down on virtual currencies.
However, speculating on coins is not illegal in China; it is judicially defined as "violating public order and good customs."
What kind of scale is this? It's similar to engaging in prostitution or keeping a college student.
It is neither encouraged nor punished, but the system does not provide a safety net; if something goes wrong, you just bear the consequences yourself.