Leo链上小N

Bitcoin has dipped for four consecutive days, and market sentiment is clearly cooling off.

Meanwhile, Strategy's STRC has fallen below par value, which means its ability to raise funds is somewhat restricted, and the market is starting to reassess the logic of "continuously leveraging to buy coins."

But looking back, Bitcoin has never been short on corrections throughout its history.
What truly determines the long-term trend is not just a few days of ups and downs, but whether capital, liquidity, and market confidence are still intact.

Bull markets are never a straight line.
Each pullback eliminates short-term emotions and re-prices risk.

For long-term holders, prices may fluctuate, but consensus doesn't easily fade away.
#Bitcoin #BTC #Crypto #比特币连跌4日strc跌破面值

China's Treasury holdings have dipped to a new 18-year low.

This doesn't simply mean "dumping US assets"; it's more like a long-term reallocation of global reserve assets.

For decades, US Treasuries have been a safe haven for global capital. However, with the rise of gold, RMB assets, and diversification needs, countries are reducing their reliance on a single asset.

The shifts in an era often don't happen overnight; they unfold gradually through a series of data updates.

Global capital is transitioning from a "single-polar allocation" to a "multi-polar allocation".
In the next decade, the logic of asset allocation may prove to be more critical than the assets themselves.

#美债 #黄金 #全球资产配置 #中国美债持仓创18年新低

A grade schooler put 雷军 on blast
"Kids say the darndest things, but this one hit hard".

Recently, in front of a hot dry noodle stall on 大成路 in Wuhan, 雷军 had a firsthand experience of an awkward "social death moment".

What was supposed to be a nostalgia-driven marketing win turned out to be more about the billionaire CEO sitting on a small stool eating hot dry noodles, than the intended vibe, thanks to a little girl’s unfiltered roast.

What’s your take?

Xiaohongshu's IPO in Hong Kong might be valued at over $70 billion.

From a seed-planting community to a triple-threat platform encompassing content, e-commerce, and search, Xiaohongshu is evolving from just a 'traffic product' to a 'super platform'.

What's even more interesting is that the high valuation from the capital markets reflects not just user scale, but a repricing of the value in content ecosystems and consumer decision-making gateways.

The past decade was dominated by search engines and short videos; in the next decade, content communities and transactional closed loops may give rise to more super companies.

Behind the $70 billion valuation, what’s being sold is never just notes, but rather the users’ time, trust, and consumer influence.

#小红书 #港股IPO #互联网 #新经济 #小红书港股ipo估值逾700亿美元

SpaceX hits the Nasdaq with a 20% pump, and market sentiment is through the roof.

While many are eyeing the gains, I’m more focused on the signals beneath the surface:

Top-tier tech assets are continuously drawing in global capital, with AI, aerospace, satellite internet, and other long-term narratives still being the direction for capital chase.

When a company goes public, it ignites not just the stock price but the entire tech innovation cycle.
In the next decade, the biggest opportunities might still be hidden in the tech revolution.
#SpaceX #美股 #Aİ #科技 #spacex纳斯达克上市涨20%

The US Strategic Petroleum Reserve has dropped to its lowest level since 1983.

A lot of folks think this is just energy news, but it reflects a bigger issue:
As global uncertainty rises, countries are burning through reserves to keep the market stable. Oil reserves are dwindling, the dollar's purchasing power is getting diluted, while Bitcoin's total supply remains capped at 21 million coins.
Oil can be extracted, currency can be printed, but the supply rules for Bitcoin won't budge.

This might be why more and more funds are starting to pay attention to BTC.
#比特币 #BTC #宏观经济 #美国战略石油储备创1983年来新低

Maybe this is the real meaning behind the expanded World Cup!

🇨🇻 Cape Verde, with a population of around 500,000, is the smallest nation in World Cup history. In their debut match, they held the favorites Spain to a draw, showcasing the team's unity, while their 40-year-old goalkeeper made an incredible performance to keep a clean sheet! Tears of joy flowed after the match!

🇨🇼 Curacao, with an even smaller population of just 156,000, scored their first-ever World Cup goal against the four-time champions Germany in their debut. A 7-0 loss? No biggie! That didn’t stop the whole team from celebrating and singing with the Curacao fans afterward!

I really hope we can also be the main characters of our own story... [0-9]{11} #WorldCupChampionPrediction #CheersToTheFootballFeast

Who's got the back? Strong as hell 💓

US May CPI rose to 4.2%, hitting a three-year high.

Inflation is back on the rise, which means the Fed's rate cut expectations may continue to be delayed.
What the market fears most is not just high rates, but the combination of 'high rates + high inflation' existing together.

In the short term, risk assets are under pressure;
In the long run, funds may start to look for inflation-hedged assets again.

History has repeatedly shown:
When the purchasing power of the dollar declines,
The narrative around Bitcoin and gold often gets retold.

#BTC #比特币 #CPI #美联储 #美国cpi升至4.2%创三年新高

SpaceX's IPO kicked off strong, and the capital markets witnessed history once again.

On its debut, SpaceX (SPCX) opened at $150, jumping about 11% from the IPO price of $135, and at one point surged above $176, eventually closing up around 19%. The market cap soared past $2 trillion, making it one of the largest IPOs in history.

The real significance of this move might not just be the price action.

In the past, regular investors found it tough to tap into the growth dividends of super unicorns like SpaceX. However, now, whether through traditional brokers, the US stock market, or tokenized securities, the barriers to entry are continuously being lowered. The explosive demand on SpaceX's first day also reaffirms the market's keen interest in future industries like AI, aerospace, and satellite communications.

What’s even more noteworthy:
👉 SpaceX's IPO raised a whopping $75 billion, setting a global IPO record.
👉 The market cap exceeded $2 trillion on day one.
👉 Musk has now become the world's first "trillionaire" entrepreneur.
Many think that bull markets only belong to crypto.

But from NVIDIA to SpaceX, capital is consistently flowing into assets that represent future productivity.

The real big trend has never been about trading specific assets but rather about betting on the future.

#SpaceX #USStocks #AI #BinanceStocks #Investment #Musk #spacex上市美股高开

SpaceX's IPO had a giant Elon balloon in Times Square
It was hilarious!

DingTalk VP suddenly steps down: I want to live a few more years?
This is like self-sabotaging your own trades.

Vietnam is becoming a key regulatory bellwether for crypto in Asia.

From accepting license applications for crypto trading platforms to planning pilot projects for crypto asset trading, Vietnam is trying to bring what was once in a gray area of crypto trading into the local regulatory framework.

The message behind this is clear:
It's not about prohibition, but regulation;
It's not about exclusion, but inclusion.

As more countries start to establish regulatory frameworks for crypto assets, the core competition in the industry is also changing.

In the future, it's not just about technology and traffic,
but also about compliance capabilities, regulatory adaptability, and global strategic positioning.

The crypto industry is entering a new phase:
From 'wild growth' to 'licensed development'.

Platforms and projects that complete their compliance setup first may just reap the next round of growth dividends.

#Crypto #Bitcoin #Web3 #越南 #越南规划加密资产交易试点

Gold breaking below the 200-day MA = Is the bear market starting?

A lot of folks might have ‘misread’ the market this time; the real situation isn’t something you can just wrap up with ‘the bear market is here.’

What’s going on?
Gold has indeed seen:
- Breaking below the 200-day MA (the long-term trend line)
- Accelerating high-level pullback
- Sentiment flipping to bearish fast

So the market starts buzzing with one phrase:
"Gold has entered a bear market" but the real issue is— the technicals don’t offer a ‘conclusion,’ but rather a ‘critical point.’

The current, more accurate state is: It’s not a confirmed bear market, but a battle at the bull-bear line.

The reason is crucial: The 200-day MA has been breached, but whether it can’t reclaim it hasn’t been confirmed yet.

The price structure hasn’t shown a clear ‘one-sided collapse’ with bulls and bears tugging at key support zones.

In other words: This is the ‘deciding trend direction’ area, not an area where the ‘trend is confirmed.’

Why are folks misjudging it as a bear market? Because the market is most easily influenced by three signals:
1️⃣ Breaking below the 200-day MA (the strongest emotional signal)
2️⃣ Prior sharp rise → Pullback looks scary
3️⃣ Macro variables (interest rates/USD/geopolitics) amplifying volatility

The result is:
Sentiment gets set first, but facts are still unfolding. What are the true conditions for confirming a ‘bear market’?
Typically, three things need to happen simultaneously:
- Long-term failure to reclaim the 200-day MA
- Continuous lower highs (trend structure broken)
- Support below being repeatedly breached

Looking at it now: we haven’t finished that step yet.

The more realistic market state has only three possibilities:
1) Quickly reclaiming the 200-day MA → False break, bull market continues
2) Choppy action around the MA → Mid-term consolidation
3) Accelerated downward move after breaking below → Then the bear market kicks off

In summary: Gold isn’t ‘already in a bear market’ now,
but rather ‘standing at the bull-bear dividing line, waiting for the market to vote.’ The most dangerous part of the market isn’t the volatility itself, but rather— jumping to conclusions about trends too early.
#黄金跌破200日均线进入熊市

A New York judge hits the pause button, keeping those dormant Bitcoin whale wallets safe for now.

The ongoing dispute over billions in sleeping BTC continues to brew.

Some are eyeing the riches,
others are focused on the legalities,
and the market is more concerned about sell pressure.

Once these ancient wallets start moving big amounts, it always sends shockwaves through the entire market.

One of Bitcoin's biggest attractions is that:
no one can freeze assets on the chain,
but ownership rights still need the law to settle things.
#BTC #Bitcoin #纽约法官暂停btc休眠钱包诉讼

The most chill monkey at Qianling Mountain:
Just lightly tug on its pants, show it your empty hands when there’s no snacks, and then quietly bounce out while lying down in a relaxed position.

What an impressive design kkv

SpaceX is set to finalize its IPO price at $135 on June 11, with trading starting on Nasdaq on the 12th. Once the listing goes live, Musk is likely to become the world's first trillionaire.

His current net worth is around $970 billion, with most of his wealth tied up in equity assets. Over his 31-year entrepreneurial journey, his wealth has grown at nearly $992 per second. His ventures span diverse fields including commercial space travel, electric vehicles, tunneling projects, and the X social platform.

By the average annual income of a U.S. middle-class household, it would take an ordinary American family about 11 million years of continuous work to amass the equivalent of Musk's current fortune.

Thought the big guy was frugal, but didn't see this coming at all!