Using the universal formula 'Where does the money come from' to view the ecosystem: 6 tokens with long-term value recommendations
Based on our previous core analysis framework of 'Where does the money come from', I will filter the tokens on Binance that truly have a long-term lifecycle. The filtering criteria are very simple: do not look at who tells the best story, only look at who has the clearest accounts. Core filtering logic: #在Web3世界里一个代币要想活过牛熊必须搞清楚三个问题 1️⃣Where does the money come from? Does the project have a real source of income? Is it relying on selling tokens to survive or generating cash flow through protocol fees and ecosystem services? 2️⃣Where does the money go? Does the income benefit the token holders? Does it go into the team's pockets, or is it returned to the ecosystem through buybacks, dividends, destruction, etc.?
Ai交易策略 Currency overissuance is the fuel, deglobalization ignites the fire, hyperinflation has arrived; the Federal Reserve's interest rate hikes and balance sheet reduction will eventually trigger a crisis. We just need to hold onto anti-inflation assets, escape at the peak before the crisis, and buy the dip during the bailout. Anti-inflation strong assets: US stocks + cryptocurrency Metals: FCX, RIO Energy: XOM, CVX Gold: NEM, GOLD High dividend: SPHD Cryptocurrency: $BNB , $SOL , AVAX, $LINK , LDO, UNI Main line: Hold inflation assets, escape at the peak before the crisis, buy the dip during the bailout. #美国CLARITY法案 #OpenClaw创始人加入OpenAI
The first batch of stablecoin licenses in Hong Kong has only 3 candidates, with 36 applications submitted!
Hong Kong is about to issue the first batch of stablecoin licenses, with the market buzzing that only 3 institutions will be awarded, totaling no more than 4, namely Standard Chartered Bank, HSBC, and OSL.
The Hong Kong Monetary Authority has received a total of 36 applications, including major players like Ant Group, Ant International, JD Coin Chain Technology, and Lianlian Digital, but only a single-digit number will be issued in the first batch, making the competition extremely fierce.
Reporters contacted HSBC and Standard Chartered's mainland subsidiaries for verification, but both sides did not respond directly. An insider from a foreign bank stated that they are still waiting for formal regulatory news, and the Hong Kong Monetary Authority also declined to comment on market rumors. #Hong Kong Stablecoin New Policy
In March 2026, a synchronized initiative among the three major global financial centers (Hong Kong, the United States, the European Union): transforming 'money' and 'assets' from the traditional financial world into strictly regulated 'digital codes'! Core analysis of the impacts behind this wealth regulation revolution!
Starting in March, this is no longer a simple digitization of currency but a fundamental reshaping of the 'ownership' and 'usage rights' of wealth. Three major events and one core contradiction. 1. Hong Kong: Starting from March 2026, issuing digital currencies like USDT that are pegged to fiat currencies in Hong Kong must apply for a license and be subject to strict regulation. How will it be regulated specifically? Issuers must have sufficient reserves (1:1 exchange). Every transaction is traceable, and regulators have the authority to freeze problematic funds. Money being 'programmed' is the most critical aspect; your digital currency will turn into a piece of code with usage instructions. For example, the government or issuer can set rules like 'this money can only be used to buy groceries, not for buying a house,' 'this money will expire in 7 days,' or 'transfers above a certain amount need to be automatically reported.'
Natural resources are limited; we only have this one Earth, and there is no other, nor can we change it.
Human production is also limited; machines in factories can only run 24 hours a day and produce so much—it's impossible to increase indefinitely.
The amount of grain produced from an acre of land is also finite, but human desires are infinite.
If people compete for limited resources with infinite desires, it will lead to conflict; conflict leads to chaos, and chaos leads to poverty...
Hobbes spoke of a principle, which is also what sages do not wish to see.
We cannot change the fact that natural resources are limited, nor can we infinitely change human production.
We can only use propriety to restrain desires.
Confucianism advocates for moderation and love for others, emphasizing frugality and avoiding waste.
Xunzi proposed that to cultivate desires is to adjust them within reasonable limits to satisfy basic needs for life.
Taoism advocates for reducing desires by eliminating excess.
Chinese philosophy does not support indulgence; the core principle is moderation.
An industrial civilization driven by desire and sustained by extravagant consumption may be prosperous, but it is only temporary. Now, looking back, all the problems have emerged—resources are exhausted, and people's hearts are empty.
Ultimately, limited resources cannot support unlimited desires; fighting over them leads to no good for anyone in the end.
True happiness is not that complicated—having enough to eat and use, feeling secure, and getting along well with others is better than anything else. $BNB
DeFi itself is a combination of multiple innovative distributed applications, including lending, DEX, stablecoins, derivative assets, and oracles. Two basic metrics for evaluating DeFi projects are:
TVL (Total Value Locked) and APV (Annual Amount Per Second).
DAX (Distributed Assets) is measured by trading volume and slippage.
Liquidity Protocol Analysis: DEXs based on liquidity protocols emphasize exchange rather than trading. Their main feature is simplicity; users don't need to wait, they can directly exchange by entering the amount and asset.
Low fees and no matching mechanism provide a better trading experience than traditional DEXs, but order placement is not possible.
The principle of liquidity protocols: Liquidity providers offer two assets of equal value, each accounting for 50%, at market prices.
Example: 1$ETH = 500 USDT. Core market-making formula: X × Y = K. Each time a liquidity provider deposits assets, the smart contract calculates and maintains a constant product of the two assets.
Example: The product of 10$ETH and 5000 USDT is 50000. Traders can exchange in real time. Example: A trader sells 0.1$ETH , then the price is 5000 - [50000 ÷ 10.1] = 49.5 USDT, with an additional 0.3% allocated as a mining reward to liquidity providers.
Arbitrageurs: They profit from favorable interest rate differentials to maintain a reasonable market price. Market makers, as liquidity providers (LPs), address mechanism and incentive issues. Impermanent loss refers to the temporary loss of assets when providing liquidity. "Earth Dogs": This refers to some small domestic teams that choose to conduct IUOs on Swap, injecting liquidity that could be absconded with at any time.
Deeply consider this question: Why do earth dogs always rise at the opening? X×Y=K Because there is no X in the outside world, only Y.
DEX replaced 2.5-3 tier exchanges in the ETH1 stage, replaced 2-2.5 tier exchanges in the ETH2 stage, and replaced 1.5-2 tier exchanges in the ETH2+ free cross-chain stage. Envisioning the ETH2+ free cross-chain + CBDC stage -- aiming at CEX, TOP#特朗普新版美国网络战略文件
USDT After Hong Kong's New Regulations: Are Retail Investors Completely Out or Finding Another Way?
Recently, the transition period for Hong Kong's (Stablecoin Regulations) has ended, and the most discussed topic in the circle is whether USDT can still be played. To summarize the current situation, it's actually not that complicated; the regulations have clarified the boundaries—unlicensed stablecoins can no longer provide services to retail investors. The current situation is very clear: retail investors are basically blocked from entering. Now in Hong Kong's licensed exchanges, retail investors can no longer directly buy USDT or recharge from outside. Trading is possible, but the threshold is 8 million HKD in assets, which is called a professional investor. Ordinary people? Compliant channels have already been closed.
Understanding the Truth About Global Currencies from a Crypto Perspective
Often, when analyzing a country's currency crisis, my mind automatically plugs it into the cryptocurrency model; the underlying logic, capital flows, and game theory structure are practically identical. Let's establish a basic correspondence first—this is crucial!
Gold equals Bitcoin
These so-called ultimate stores of value are all limited in quantity, decentralized, and serve as safe-haven assets in the event of a collapse of the fiat currency system. We see that whenever there's a geopolitical crisis, the price of gold rises, and Bitcoin follows suit. Whenever a country's currency encounters problems, wealthy individuals' first reaction is either to exchange for gold or buy Bitcoin. Why? Because these two assets are not controlled by any single country; this is their core value. Of course, Bitcoin is more volatile because it's relatively young and its market depth is insufficient, but functionally speaking, they are essentially the same thing.
The Cryptocurrency Industry in 2026: Analysis of Technological Iteration, Regulatory Game, and Value Reconstruction
Introduction: Cryptocurrency in 2026 - From Cyclical Fluctuations to Paradigm Shift - Core Background: After the Bitcoin halving in 2024, the market entered a new cycle, combined with technological iterations and deepening global regulation, the cryptocurrency industry in 2026 is transitioning from 'speculation-driven' to 'value realization'. - Writing Position: This article focuses on the logic of industry development, technological innovation, and regulatory trends without involving any investment guidance, aiming to objectively present the evolution of the industry ecosystem. - Core Issue: In 2026, can cryptocurrency technology break through the single label of 'financial speculation'? How can regulation and innovation find a balance?
When the Halving Cycle Meets the 'Liquidity War': What to Watch in the Crypto Market from 2026 to 2027?
Core Insights: This article dissects the true driving forces of the 2026-2027 crypto market from a multidimensional game perspective—macroeconomic reconstruction of the triangular reservoirs / the pendulum of the Federal Reserve's policies / liquidity siphoning from Musk's IPO / the survival challenges of the DeFi ecosystem.
For the first time in history, there was a decline in the year following the halving / Has the four-year cycle theory failed? / What forces are rewriting the traditional halving → bottoming → explosive scenario? Survival guide? 1. Four-year cycle: Why is the familiar script being gradually diluted? 'Bitcoin's four-year cycle has broken.'—21Shares used such explicit wording in its 2026 outlook.
In Bangkok's Chinatown, Thailand, there is a Taiwanese chef named Lin Zhihao, who was once a minor actor in Taiwan. He is handsome but not very skilled in acting, and he struggled in the entertainment industry without making it big, so he switched to the culinary field and went to Kaohsiung to learn cooking skills. As a result, he did not succeed in the restaurant business in Taiwan, and his wife divorced him. With little capital, he made his way to Thailand and opened a restaurant called "Hao Ji Noodle Shop" in a prime location in Bangkok. He utilized his earlier experiences in the culinary field along with various innovations to create a unique dish called "Three Braises and Nine Sauces" noodles, which had Thai royal family members enjoying three bowls and calling it delightful. It was also rated by local diners as the "most comforting Chinese cuisine in Bangkok" hidden gem. Among the customers was a 48-year-old woman named A-Mei, a widow of a Chinese businessman, who often visited the noodle shop with her 23-year-old daughter, Alan. A-Mei, upon seeing the young and handsome Lin Zhihao, who had excellent culinary skills and was still single, fell in love at first sight. She visited the shop every day, and the mother and daughter launched a strong romantic pursuit, thinking that whoever he liked should marry him. As a result, Lin Zhihao surprisingly had a tangled heart and did not express his feelings. When pressed by the mother and daughter, he finally said that he liked both but didn't know whom to marry. Without further ado, the mother and daughter decided to marry together. Although Thailand's law also follows the "one husband and one wife" system, there are many cases of de facto bigamy among the people, and disputes only go to court when they arise. This story tells male fans that they must learn good culinary skills. After all, running a restaurant is slightly more significant than being a mobile rider, and one must also have ambition—wanting both is possibly achievable! $XRP $BNB
The core engine of the asset management industry is undergoing a blood change: from experience-driven to computation-driven?
Let me state the conclusion first: the essence of trading is a game based on information data analysis! The core is information asymmetry—if you know more than I do or can calculate faster than I can, you make money. Chess, stock trading, cryptocurrency trading, and sports betting all follow the same underlying logic. In the past, it was a battle between people; now, AI has entered the arena, but the essence hasn't changed—the intensity of the game has. The core of this transformation is that the asset management industry is undergoing a thorough 'blood change': the past engine was human experience, and the current engine is becoming computational power. What can AI do to win? This 🉐 data speaks for itself!
Liangshan and Web3 Pure Narrative: Avoiding the Replaying Tragedy of "Where Does the Money Come From" and Uncovering Truly Profitable Projects!
Liangshan is the most typical case in ancient times, and the Web3 field is experiencing its modern version. In the Web3 world, how many project parties are like Song Jiang, rallying thousands of heroes under a banner of "decentralization"—community members, consensus users, wallet addresses? They shout slogans about disrupting traditional finance and rebuilding internet order, looking impressive and noble. But in reality, every day they worry about one thing: where does the money come from? These projects neither create real profits nor have sustainable business models, relying solely on the two words "narrative" to keep up appearances. Too many stories of the "blockchain revolution" draw a big pie chart of "trillion-dollar market value" today, and have a few KOLs endorse it tomorrow. The question is, can a narrative really sustain an ecosystem? The answer is no, and it's cruel.
Liangshan Marsh's Grand Finale: 100,000 people yet unable to answer 'Where does the money come from'?
Any organizational form that exceeds 10,000 people cannot solve the problem of where the money comes from, and is destined for one outcome: collapse. Liangshan Marsh is the most typical and romanticized victim of this iron law. Liangshan claims to have 100,000 heroes who seem strong and valiant, but in reality, they worry every day about one thing: money and grain. These 100,000 people neither farm nor do business, and they have no stable tax system, relying solely on the four words 'robbing the rich to help the poor' to maintain their facade. The problem is, can robbing the rich to help the poor really support 100,000 people? The answer is no, and it's very cruel!
The warnings from two financial giants overlook a truth that ordinary people need to see clearly
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Mr. Dalio's 8.5:1 ratio indeed shocked me when it went viral, and President Wang Yongli said that many people believe the theory holds even when currency does not need to be anchored. If we quiet down and break apart these two viewpoints, we will discover an interesting fact: both are correct, but both overlook the layer that ordinary people need to understand the most. Perhaps it’s because they stand at a higher vantage point! First, let’s talk about Dalio’s ratio of 8.5:1. 8.5:1 is the ratio of the total market value of financial assets to cash, comparable to the eve of the Great Depression in 1929. The number itself is indeed frightening, but Zhenyu once said, when it comes to specifics, it becomes profound. Upon careful consideration, there are indeed three layers to be specified:
Tea has its ups and downs, the sword has its sheathing and drawing, if the heart is devoid of the rivers and lakes, then anywhere is a rivers and lakes. Currencies rise and fall, desires have their gains and losses, if the eyes see no rise and fall, then the market is just a place of practice.$BNB $ETH $BTC #Strategy增持比特币 #哈佛增持以太坊 #美国CLARITY法案
Traditional enterprises struggle with being conservative, but succeed by following trends. Web3 is an inevitable trend and a new weapon for breaking through in the physical world. Lacking awareness and even more lacking courage! Taking advantage of trends is wisdom, not speculation! $ZK $TIA $PEAQ #美国CLARITY法案 #OpenClaw创始人加入OpenAI