Chance Encounter with CZ at the University of Hong Kong, Sharing Seven Statements, Each One Classic, with Not a Word Wasted.
#BitcoinAsia2025 had a chance encounter with @cz_binance CZ at the University of Hong Kong 🇭🇰, sharing seven statements live, each one classic, with not a word wasted. 1️⃣ Everyone sees that the global circulation of USDT has exceeded one trillion, but no one has calculated how much it has facilitated cross-border settlements for the dollar. Conservatively, there are $100 billion worth of private transactions. With Hong Kong backed by the mainland, if it launches a stablecoin in HKD, it can connect to global markets and help open up cross-border use of the RMB; this is an advantage that cannot be taken away by other places. 2️⃣ Some say that splitting a luxury home into 10,000 shares on the blockchain is #RWA, but ordinary people can't live in just one share, and no one will take it over. The real opportunity lies in assets like stocks and bonds, which are already digital; moving the ledger to the blockchain allows for fast settlement and low costs. If the Hong Kong Stock Exchange seizes this, it could completely transform into the on-chain New York Stock Exchange.
The real deal after three years in Hong Kong: $10 meals are making a comeback, and I almost thought I time-traveled.
The real deal after three years in Hong Kong: $10 meals are making a comeback, and I almost thought I time-traveled. After three years in Hong Kong, I'm telling you, this city feels both real and absurd. How expensive is Hong Kong? Just grabbing a lunch box or a bowl of wonton noodles starts at $50 to $60, totally normal. Rent, bubble tea, pork chop buns, which one isn’t just milking the market dry? Recently, a bunch of $10 spots for a full meal popped up, and it’s driving all the local netizens crazy. Yuen Long's Shou Tao brand's dried fish and peanut rib congee, lard tossed bamboo noodles, soy sauce king fried noodles, all just $10. Kowloon is getting wild, $8 for a plate of braised chicken leg rice, a whole leg on a bed of rice, marinated to perfection, looks nothing like that price.
The Truth After Three Years in Hong Kong: Can Mainland Workers Really See a 4x Salary Increase?
I've been in Hong Kong for three years, and I can tell you I've seen through this whole thing. Lately, folks keep asking me: Is it true that moving from the mainland to Hong Kong means my salary can really skyrocket four to five times? Sounds like easy money, right? I can only say—wake up, bro! You think coming to Hong Kong is just about picking up cash? It's actually about picking up the grind. I've seen quite a few mainlanders come over through labor agencies. A guy from Zhanjiang working night shifts at 7-11 makes around 18k a month, whereas back home he might only make three to four grand. Sounds good on the surface. Then there are those on construction sites pouring concrete, pulling in over 2k a day; if they work a full month, they could clear 30 to 40k easily.
The real talk after three years in Hong Kong: once the cross-border trading channels got blocked, everyone started voting with marriage.
#币安推出美股交易 The real talk after three years in Hong Kong: once the cross-border trading channels got blocked, everyone started voting with marriage. After three years in Hong Kong, I've truly witnessed what it means for capital to vote with its feet; if all else fails, it votes with the lower half. Last month, the CSRC delivered a heavy blow. Futu, Tiger, and ChangQiao's cross-border gray channels have been completely shut down. Mainlanders holding a few million to tens of millions in US and Hong Kong stocks. Overnight, there were no paths left to take. The era of sneaky one-click orders is completely over. Many people are holding full bags of tokens. Instantly turned into caged birds. Then, an absurd yet strangely real scene unfolded—
#比特币跌至67000美元 This market's been crashing like a dog gnawing on a bone lately, BTC sliding down, altcoins scattered everywhere looking for scraps.
I can just picture a bunch of folks starting to wail, "It's over, it's over, I'm heading back to the bank for interest!"
Screw that.
Real players never follow the crowd. When the bull market ends, it just ends; I’m just chilling and collecting my gains. Those holding USD1 right now are the real MVPs.
You ask what’s the use of USD1? Let me break it down for you:
First, it’s not some shady project; it’s the real deal, cold hard USD. 1:1 peg, BitGo custody, monthly audits, as transparent as glass. You put your funds in, and you can sleep easy at night without nightmares. Unlike some shitcoins that act big today and vanish tomorrow.
Second, it just sits there and earns.
#Binance #Bybit are throwing WLFI at you every day. With Lorenzo Vault and Dolomite lending, you’re looking at 8%-15% returns. Way better than dealing with bank managers and waiting in line.
Third, it’s actually useful when it counts. Transfers, payments, collateral, lending, cross-border transactions… whatever you need, on-chain or off-chain, it’s all good.
The coolest part is, this project’s got that #Trump flavor; traditional big money is sniffing it out and diving in. When the bear market hits, smart folks run to stablecoins that have backing, compliance, and true peg—this is what we call a safe haven, you get it?
So, bro,
Stop staring at the candlesticks and shaking your leg. Park your funds in USD1, eat when you need to, sleep when you want, and do your thing. When the market truly recovers, you can jump in and still feast.
This ain’t being timid; this is how a savvy trader plays it.
How much USD1 do you have right now?
Are you gonna keep being a noob, or are you joining me to chill and earn interest? Drop a number in the comments.
The real talk after three years in Hong Kong: some things in this world are just off-limits.
After three years in Hong Kong, here's the real talk: some things in this world are just off-limits. Recently, WeChat video influencer @MiduYang21 jumped into X, and they're trading hard. Web3, NBA, White House reporters, six languages, over sixty countries... the persona is built up strong, every photo tells a story. Within just a few days, followers skyrocketed, but so did the haters. The pic with @elonmusk was flagged by AI as fake, making Musk look like a total noob; news from 2013 was dragged up, and Anta and the basketball community came out saying they don't know this guy. This is straight-up a live textbook. Having been in Hong Kong for three years, I've finally seen the light.
The real deal after three years in Hong Kong: wealthy folks are bailing out with both cash and connections, while some still doubt that Hong Kong is on the decline.
The real deal after three years in Hong Kong: wealthy folks are bailing out with both cash and connections, while some still doubt that Hong Kong is on the decline. After three years in Hong Kong, I've come to see a harsh reality more clearly. You can question the mindset of a wealthy individual, but never doubt the collective wisdom of a group of rich people. They won't argue with you or debate; they just vote with their feet and their wallets, way more honest than any expert, influencer, or keyboard warrior. In these three years, I've witnessed too many private entrepreneurs and middle-class families from Jiangsu, Zhejiang, and Shanghai moving their people, money, and loved ones to Hong Kong in waves. Some take the legit investment immigration route, others through family offices, trusts, or insurance, and some even go through underground money exchanges and various gray channels.
The truth after three years in Hong Kong: My friends often hit up commercial karaoke, and now I finally get what it's all about.
The truth after three years in Hong Kong: My friends often hit up commercial karaoke, and now I finally get what it's all about. After hanging out in Hong Kong for three years, I've finally figured a lot of things out. I used to wonder why my friends who were thriving in Hong Kong, both local and from the mainland, would mysteriously say they were 'going to sing K' every so often. They'd come back all pumped and glowing, but never invited me. It wasn't until one time when they got a bit tipsy that they dragged me along. When I walked in, I realized this isn't singing at all; it's a commercial karaoke joint. Private rooms, dim lighting, thick drink menus, and the server immediately asks, 'Want to call a princess/sister?' My friends were pros, ordering a few girls, and we all sat down to chat, drink, roll some dice, and sing. Those girls were super fluent in Mandarin, knew how to chat, down drinks, and keep the vibe going; the atmosphere just skyrocketed.
After three years in Hong Kong, here's the real deal: by May 2026, the Hong Kong card investment accounts are totally getting choked up, and crypto traders need to be cautious.
After three years in Hong Kong, here's the real deal: by May 2026, the Hong Kong card investment accounts are totally getting choked up, and crypto traders need to be cautious. I've been in Hong Kong for a full three years, and honestly, this Hong Kong card is not what it used to be. Back in the day, it was super simple; just grab the three-piece account setup and you were good to go anywhere. But by the end of May this year, everything changed. The Hong Kong Monetary Authority dropped a notice that was clearly aimed at mainland users' investment accounts. When that document dropped on May 22, the Chinese banks jumped into action. People trying to open accounts were directly advised against it on the spot, and many branches just outright stopped processing new investment accounts.
Real talk from three years in Hong Kong: Hongkongers love to trash talk mainlanders, yet they rush to Shenzhen for a shopping spree; mainlanders get dissed but are desperate to get into Hong Kong.
Real talk from three years in Hong Kong: Hongkongers love to trash talk mainlanders, yet they rush to Shenzhen for a shopping spree; mainlanders get dissed but are desperate to get into Hong Kong. It's my third year in Hong Kong, and one day I was chilling in a bar in Tsim Sha Tsui, watching a table of Hongkongers sipping beers complaining about 'too many mainlanders', then they turned around and booked train tickets to Shenzhen for the weekend. I just couldn't help but laugh. This is the real face of Hong Kong, no cap. When Hongkongers start roasting mainlanders, they go all out: overcrowding hospitals, jamming schools, Mandarin noise pollution, low quality, snatching resources... they really go hard on it.
The truth after three years in Hong Kong: locals aren't that welcoming to mainlanders, nor do they care much about stablecoins.
After three years in Hong Kong, I've totally figured it out. Before coming to Hong Kong, I was like an idiot, thinking this place was the Pearl of the Orient, where everyone was civilized, open, and had an international flair. After living here for three years, renting a place, working, and drinking a lot, now I just want to shout at the air: Wake up, bro. This place looks shiny on the surface, like a freshly polished Rolex, but deep down, it has more pettiness than any old lady in a Beijing alley. First, let's talk about the people. Hongkongers really aren't that welcoming to mainlanders. Don't hit me with that international metropolis nonsense.
Thanks to the Banshan KOL Club for the invite 🙏 @BSKolClub @BSKolClubCN
I attended the @MovaChain public chain VC ecosystem launch event in Hong Kong as a guest for the first time. From my experience, it's clear that the project team has already paved their way.
From @MOVA_VC's VC resources to the public chain rollout, and finally incubating various projects, they've built a solid ecosystem loop. Moving forward, it’s all about whether they can genuinely contribute positively to the Web3 industry.
Additionally, @worldlibertyfi's USD1 has successfully renewed its terms. With the bear market dragging on, this level of operational resilience is quite rare. I'm looking forward to the MOVE public chain giving USD1 some wings 🪽
Coincidentally, during this renewal, Binance #binance launched the USD1/BTC contract trading pair. Anyone with a keen eye can see that the stablecoin sector has clearly entered a new development phase.
The global market strategy is quietly shifting; it’s no longer just about holding assets and watching from the sidelines. Now, there’s a push towards active trading, and USD1 is gradually becoming a normalized circulating asset in the community.
Given the current momentum, it’s likely that we’ll delve into two main directions next:
1. Streamline U-card payment channels to enable direct consumption settlements, really bringing payment scenarios to life.
2. Enhance the deposit and withdrawal system for USD1 to freely exchange with USD at a 1:1 rate, ensuring smooth capital flows and securely maintaining its pegged value.
Right now, Hong Kong is also sorting out Web3 compliance rules, steadily advancing the regulatory framework for stablecoins. Riding this wave, there’s certainly much potential for development in the stablecoin space ahead; the future is here!
Lost 500K in crypto, mainland man plans to commit suicide in HK, arrested.
Lost five hundred K in crypto, ran to Hong Kong to self-immolate. The results were held down by SIR at McDonald's. This story begins with an ordinary number: five hundred K RMB. A 34-year-old man from Wenzhou, Zhejiang, reported as unemployed. From February to May, he poured his hard-earned money into some crypto platform. Like many who once believed tomorrow would be better, he thought there was a chance to turn things around. The candlesticks on the screen rose and fell, as if fate were playing a long joke on him. In the end, five hundred K RMB vanished like smoke, gently dissipating...
Samsung Labor Talks Break Down, Large-Scale Strike Samsung Electronics has reached a complete impasse, with the union and management clashing over wages and bonuses, and negotiations have totally collapsed. The final round of talks, mediated by officials, dragged on for 17 hours, a marathon session that yielded no consensus—just a lot of wasted effort.
The union's stance is very firm, not beating around the bush, officially announcing: a strike will officially commence on May 21, lasting 18 days.
This isn't just a small protest; it's estimated that 50,000 workers will join in, primarily from the core semiconductor production departments, essentially choking off Samsung's most profitable and critical lifeline.
The workers' demands are straightforward and practical.
To put it plainly, they feel a sense of imbalance; their compensation isn't keeping up with the industry, and they aren't sharing in the profits:
1. Remove the 50% cap on annual bonuses; they don’t want their benefits cut.
2. Lock in a rule that 15% of the company's operating profit is designated as employee performance bonuses.
3. The salary and bonuses at SK Hynix next door are significantly higher than Samsung's, and the gap is widening, leaving employees with a lot of pent-up frustration.
Samsung's management has softened, expressing a willingness to restart negotiations unconditionally, hoping to quickly suppress the situation. But the union is not engaging, firmly stating: want to talk? Wait until the 18-day strike is over, showing no signs of backing down.
The market has already started to panic; the cost is visibly apparent.
Upon hearing the news, Samsung's stock price plummeted, with a maximum drop exceeding 9%; the capital market has always been the most honest.
Industry analysts are not optimistic; if this all-out strike happens as planned, a series of troubles will follow: The global DRAM, NAND memory chips, and the AI-essential HBM chip supply chains will fall into disarray; The direct loss in a single day could reach $700 million, equivalent to 40 trillion won, with a staggering burn rate; Not only will Samsung be affected, but South Korea’s overall exports, local economy, and major downstream partners like NVIDIA will also bear the brunt.
In the short term, a price hike in global chips is highly likely; the tense situation in the supply chain will only worsen, not ease.
Next, two things are worth monitoring: whether the South Korean government will step in for emergency mediation and if either party will be the first to relent. 🚨
Source: Reuters, Yonhap News, South Korean media, etc.
USD1 has firmly established itself in the Binance futures scene, with two major developments landing simultaneously, creating a real buzz.
On May 18th at 9 AM UTC, BTCUSD1 perpetual futures launched directly, with 100x leverage available for trading, settled entirely in USDT, and the gameplay is fully maxed out. More importantly, USD1 has secured top-tier collateral qualifications, bringing the collateralization ratio up to 99.99%, allowing the full margin system to operate without a hitch.
Previously, it was just a regular stablecoin for storing and circulating assets, but now it seamlessly integrates pricing, margin, and asset collateralization, breaking out of the old framework and solidifying its position as the core foundation of the Binance derivatives ecosystem.
With this shift, capital efficiency has skyrocketed, and liquidity in the market is becoming increasingly robust, paving the way for institutional entry. Traditional stablecoins, which were solely pegged to the dollar, have become outdated; USD1 has genuinely completed its evolution, transforming from a mere store of value into a central hub for market trading and on-chain settlements.
WLFI has never been about fluff; they let results speak for themselves, fully committed to creating a universally applicable stablecoin. This time, they’ve made significant progress. The collaboration between Binance and WLFI has formed a complete ecological loop.
In the future, the applications will only increase, the path will widen, and the prospects are clearly visible.
AI recovering 5 Bitcoins? Don't kid yourself, it didn't crack the encryption.
AI recovering 5 Bitcoins? Don't kid yourself, it didn't crack the encryption at all. There are a ton of people out there making a fuss, claiming that AI can brute force Bitcoin encryption and break the algorithm, which is just plain nonsense. This situation isn't mysterious at all; it's simply AI helping to sift through documents and matching passphrases. Basically, it's about document retrieval and mnemonic matching, and has nothing to do with cracking encryption through brute force. Let me break this down for you straight, easy to understand, no mumbo jumbo. First off, the guy in question is just a young clueless newbie. Eleven years ago, back in 2015, this dude was still in college and created a virtual wallet using Blockchain, where he had 5 Bitcoins chilling.
The first thing Trump and elonmusk did after getting off the plane was to grab a Qingdao beer with me~🍻 and they sent me 100 of $BTC and 10,000 of $BNB