WuBlockchain

Highlight Clip

Arbitrum SC Member: Why We Used Emergency Powers to Freeze $72M Linked to North Korean Hackers

In an April 23 Coinage interview, Arbitrum Security Council member Griff Green explained using emergency powers to freeze $72 million controlled by North Korean hackers. He noted that while doing nothing posed no risk to the council, the existential threat to DeFi demanded action. 

The funds lingering in a Layer 2 address provided a window to coordinate with SEAL 911, triggering the first-ever 9-of-12 multi-sig emergency execution to transfer and freeze the assets. Addressing concerns about a few individuals intervening on-chain, Green stated that true checks and balances ultimately come from the market and token holders.

Musk: “Some Crypto Assets Have Merit, but Most of Them Are Scams”

According to Fortune, during his lawsuit against OpenAI, Elon Musk said that “some crypto assets have merit, but most are scams,” in response to questions about OpenAI’s 2018 plan to issue tokens via an ICO to fund its nonprofit operations. Despite previously supporting the sector, including Tesla’s $1.5 billion Bitcoin purchase in 2021 and his influence on Dogecoin, Tesla sold about 75% of its crypto holdings in 2022.

Binance co-CEO Yi He's Hong Kong AMA: 

I agree that Bitcoin will definitely replace and surpass gold; it's only a matter of time. 

The new goal Binance set for our employees this year is to grow our user base tenfold. 

Whether a project is worth paying attention to depends first on whether it is truly vibrant, has real users, and is profitable; second, on whether it is genuinely willing to use its own revenue and profits to empower its token. Read more:

PayPal Reorganizes: Payment Services & Crypto Now One of Three Core Segments

PayPal has unveiled a strategic reorganization of its business and leadership team. The company will transition to a simplified three-business operating model: Checkout Solutions & PayPal, Consumer Financial Services & Venmo, and Payment Services & Crypto.

The "Payment Services & Crypto" division will unify the company's processing capabilities, including Braintree and cryptocurrency offerings (including the PYUSD stablecoin).

In a free AMA format at the BNB Chain event in Hong Kong, Yi He shared her thoughts on the BNB Chain ecosystem, the long-term value of Bitcoin, the relationship between AI and Web3, women’s growth, user trust, asset allocation for ordinary investors, as well as crypto industry regulation and project valuation logic. She stated that the core of BNB Chain and Binance remains “trust” and long-term co-creation; she is optimistic about Bitcoin’s global financial value over a longer cycle, and believes that AI and blockchain are not in a zero-sum competition, but rather two technological paths that will run parallel and complement each other in the long term.

For ordinary investors, Yi He recommended prioritizing allocations in top-tier and relatively stable assets, while reserving only a small proportion for high-risk opportunities. At the same time, she suggested building independent cognition, controlling position sizes, understanding risks, and avoiding being led by market narratives. Regarding project evaluation, she believes the key lies in whether a project genuinely has users, whether it can generate sustainable profits, and whether it is willing to give value back to its token and community. Overall, this AMA served more as a public exchange centered around “cognition, trust, execution, and long-termism.”

The views expressed in this transcript do not represent the opinions of Wu Blockchain and do not constitute any investment advice. Please strictly comply with local laws and regulations. Audio transcription and translation were generated by GPT and may contain errors.

Advice to Young Women: Courage, Cognition, Execution, and Ambition Are Indispensable

Question: As such a young and successful female CEO, what advice do you have for young women?

Yi He: Actually, there is a very well-established theory that if a person wants to be successful, they must possess at least some of four key traits. I believe the first is courage, the second is cognition, the third is execution, and the fourth is ambition.

I feel that Chinese people are often quite shy about using the word “ambition.” However, I believe that whether for men, women, or anyone else, wanting to succeed and desiring a better life is never something to be ashamed of.

The Relationship Between AI and Blockchain: Not Pure Competition, But Parallel and Complementary Technology Branches

Question: The current landscape of the entire Web3 industry is still highly complex. From February and March up to now, the market and its variables have been changing. How do you view the impact and opportunities of AI within the broader Web3 industry?

Yi He: I’ve been thinking about this recently. I believe many people here today have a background in the internet, embrace Web3, and are simultaneously paying attention to AI. Therefore, people often simply perceive AI and blockchain as being in a competitive relationship. From the perspective of short-term capital volume, market funds do flow between different sectors, which is why it feels like they are competing.

But fundamentally, I do not believe they are in an absolute competitive relationship. Whenever a new technology emerges, the most important question is: what problem does it actually solve? Does it solve efficiency issues, cost issues, or innovation issues? Can it bring broader changes to a certain industry? Only under these circumstances will it become a truly viable and competitive business model.

Therefore, I believe that AI and blockchain are not simply in competition; rather, they exist on two different branches of technological innovation and will manifest various forms of integration in the future.

Bitcoin’s Long-Term Value: Agreeing It Has the Potential to Surpass Gold Over a Long Cycle

Question: How many years do you think it will take for Bitcoin to surpass the status of gold, or even the US dollar?

Yi He: You mean Bitcoin surpassing gold, right? I agree that Bitcoin will definitely replace and surpass gold; it’s just a matter of time. I cannot tell you exactly how many years it will take, but I agree with this perspective.

If you actually try to buy a pile of gold and then attempt to travel to many places with it, you will find it extremely inconvenient. I once received a pure gold coin as a gift, which even had a BNB logo stamped on it. However, during a layover, that gold coin was stolen near customs. So from my personal experience, the reason I entered this industry without hesitation and became optimistic about Bitcoin back then was because I deeply believed that if the internet can connect people all over the world, there must also be a financial system capable of connecting everyone globally. And right now, Bitcoin is one of the most optimal candidates for this system.

Binance’s Vision: From a Trading Platform to Global Financial Infrastructure

Question: What are the true mission and values of Binance?

Yi He: Actually, from the very beginning, we didn’t just want to build a single product. When we first started Binance in 2017, our imagination was: if one day there was a product that could meet most people’s various needs — whether for payments, trading, or wealth management — what would it look like?

So, you will see now that our products are expanding; not just spot trading, but also futures, wealth management, payments, prediction markets, and various other services. We hope to truly become a global financial infrastructure, not just a trading platform.

Many people say we have three long-term goals, which sounds quite impressive. But actually, the new goal we set for our employees this year is to grow our user base tenfold. Growing tenfold means that our users won’t just come to trade; in the future, they might also use Binance for daily payments, routine wealth management, and regular financial activities in more countries. Trading is merely one of the functions.

Women’s Growth and Gender Relations: Become a Strong Individual First, Then Consider Relationship Choices

Question: There is a very interesting phenomenon in China right now: if a woman is successful, people will label her as either “masculine” or “feminine.” How do you view the discussions around “female empowerment” and “gender relations”?

Yi He: I have also thought about this question for a long time. Later, I figured it out: I am “the most competitive among men, and the most competitive among women.”

But I believe that no matter how others define it, the essence of growth is: who are you? You need to be like a tree, strong enough to stand on your own. When you are strong enough to support yourself, gender relations become just one important option in your life, not the entirety of it.

So, rather than the so-called “masculinity” or “femininity,” what is more important is: who are you, where do you come from, and where are you going? Whether you are at a peak or a trough in life, can you face yourself with absolute honesty?

Many people easily fall into a state of unclear self-cognition. You can be temporarily not strong enough, but you must at least know that you are not strong enough. You don’t have to announce it to everyone, but you need to know that you need to become stronger. Many people lack even the courage to admit they are not strong enough, which makes it very difficult to take the first real step toward growth.

Platforms Should Not Be Deified, But Should Strive to Solve Real Problems

Question: In some previous cases where users sought help after suffering asset losses, why was Binance willing to invest so much effort into helping them? What were you thinking at the time?

Yi He: I think many times, people might over-interpret this. Because I am someone who easily empathizes with others, it is also very easy for me to put myself in their shoes. When I see a user say, “I am a college student, and all this money is gone,” I think to myself that if I were them, I would be absolutely desperate. If I have the ability to help them a bit, I will try my best to do so.

However, from a business logic perspective, we cannot expect every trading platform to bear all the losses for everyone; that is impossible to achieve. So, in many cases, what we can actually do is to try our best to help users solve problems within reasonable boundaries.

What we hope to do is to expand this industry and raise the overall water level of the entire sector. This way, in a healthier ecosystem, users have the opportunity to make money, and platforms can achieve long-term development. We only earn the money we are supposed to earn, and on this basis, we make normal decisions to help users solve practical problems.

Many people might say, isn’t this too “humanitarian”? I want to say, if you put yourself in that position — if you personally were running a company, would you want the company to merely maintain a high profit margin, or would you want it to have more users and create greater value? Most people would probably still choose to stand on the side of the users.

I am inherently a very positive-thinking person. I feel that if you look at this world and the first thing you see is malice, then you will be surrounded by malice; if you see heaven, you will be surrounded by angels. So I try to face problems with a positive mindset.

Strategies for Ordinary Investors: Prioritize Top-Tier Assets, Use Small Positions for High-Risk Opportunities

Question: Currently, for ordinary investors, especially young beginners, which sectors should they focus on the most?

Yi He: I believe that “focusing on sectors” is inherently chasing trends. But most trends will eventually drop while you are chasing them. For young people and beginners, a more ideal approach is actually not to chase trends every day, but to try to choose the most top-tier assets and the assets with the highest certainty, especially within the few massive themes in the industry.

Of course, you can take a very small percentage of your funds to take risks, such as 1%, 2%, or 5%, but you must strictly control your position sizes. The vast majority of your asset allocation should still be placed in relatively stable and mature targets. You can use a very small amount of money for trial and error, but do not bet a large amount of capital on high-risk assets.

Project Valuation Logic: Look at Users, Revenue, and the Willingness to Provide Real Empowerment to Tokens

Question: Nowadays, many crypto projects have companies that are performing well and generating good revenue, but their token performance is very poor. How do you view this issue? What should project teams do in the future?

Yi He: This is actually a very interesting question. We have previously spoken with some project teams that have already launched, and they themselves would say: our business is good, our team is good, but our token performance is just poor. So why not add some utility or empowerment? They would say it’s because they don’t want to provoke regulators, regulators don’t allow it, so the token can only be this way. Because it is a “governance token,” and governance tokens cannot have real utility.

However, I believe this logic is not necessarily completely correct. As time progresses and as policies toward the crypto industry gradually loosen in some highly regulated countries, I firmly believe there will be project teams willing to provide real empowerment to their tokens, just like BNB.

Fundamentally, whether a project is worth looking at depends first on whether it truly has vitality, genuinely has users, and actually makes money; second, on whether it is genuinely willing to empower its token with its revenue and interests. If it lacks both of these points, then the project is practically not worth looking at.

Will You Publish a Book in the Future?

Question: Many people really like the way you express yourself and want to know if you will publish a book in the future?

Yi He: I think writing is very interesting, but to be honest, I often feel that many of the things I want to say might have already been expressed better by others. So whether or not I will continue to write systematically will depend on future plans.

But I am very grateful that everyone is willing to listen to me share these things. The reason you believe in me is not actually because I am so special, but because you believe in Binance and the Binance community. That is why we have weathered many difficulties together.

How to View the Relationship Between a CEO’s Personal Image and Company Culture

Question: How do you view the relationship between a CEO’s personal image and company culture? Many people say that investing is essentially investing in people; what is your take on this?

Yi He: I believe the phrase “investing is investing in people” holds true in many cases. Because investing in people is essentially investing in the founder — investing in the founder’s cognition, values, execution, and the organizational culture they have built.

You could also understand it this way: a company’s culture is largely influenced by its founders. Currently, we are applying for licenses and establishing standards in more countries globally, which is mostly about laying the groundwork for compliance and regulation; meanwhile, I personally focus more on the overall organizational structure of the company, as well as user growth and user experience.

Investment Methodology: Build a Cognitive Framework First, Then Discuss Trading and Risk Control

Question: In many communities today, some people get overly excited or extremely pessimistic due to short-term price fluctuations. How do you view this phenomenon? How should ordinary people participate in this industry?

Yi He: I sincerely hope that everyone builds products that people actually use, rather than just relying on emotions and narratives.

I deeply believe that the amount of money a person makes is inherently the monetization of their cognition. But this monetization of cognition isn’t just about “I have an idea”; it’s about whether you have truly executed that idea, and during the execution process, learned, iterated, improved your execution capabilities, and further elevated your cognition.

So, when I see some so-called OGs still talking big everywhere, I feel a bit emotional. For ordinary people, you will always encounter some very special opportunities in life, such as buying BNB or BTC and achieving financial freedom, or catching some major opportunities in the AI era. But more importantly, even if you buy in, you won’t necessarily make money. Why? Because you might not truly understand the structure of that industry; you don’t know why that asset is going up.

If you are merely “following the trend,” you lack that larger cognitive logic. Therefore, whether in entrepreneurship or investment, I believe that ordinary people are better suited for relatively steady choices. You might not be able to achieve massive success overnight, but this is a path more suitable for the majority of people.

Of course, there are also many highly skilled trading talents who are indeed very good at trading and can turn small capital into large sums. But not everyone is suited for that path. We need to be truly professional in one specific area, rather than trying to dabble in everything. Start with what you are good at, what you understand, and what you find valuable, and then simultaneously learn about investing or trading. Even if you do decide to trade, you must ensure proper risk control.

Most Projects Will Ultimately Fail; Be Clear About What You Are Doing

Question: Right now, many projects use your name or Binance’s name for promotion, and some people in the community might mislead newcomers. Do you have any reminders for everyone?

Yi He: Do not deceive yourself, and do not let others deceive you.

Binance Launchpool, project listings, and various official actions occur because the projects themselves meet our standards. It’s not because of something I said, nor is it because someone attached the name “Yi He” to their project that they will definitely receive resources. Please do not understand this logic backwards.

I also hope everyone understands that many of the current documents and rules are not tailored for any specific project. Binance respects the market and respects the rules. But please never assume that Binance will financially support every project you see on the BNB Chain.

I will tell you that 99.9% of projects may eventually go to zero. You must understand that most projects will fail. Under this premise, it is more important to have a clear cognition yourself and not be fooled by others. Do not easily believe it when someone says, “As long as it has Yi He’s name on it, Binance will definitely list it.” This kind of thinking is extremely dangerous; you must be careful.

Finally, just a few quick words. Every time I stand on a stage, I hope my trip here is not in vain. I hope that apart from enjoying the food, you can also find something useful for yourselves through our communication.

Fundamentally, we enable each other’s success. No single person can become a remarkable industry figure just by saying a few words on their own. Ultimately, it relies on the entire industry moving upward together. I also hope that for all the friends here today, you can all build your projects well and improve yourselves in the future.

Follow us

Twitter: https://twitter.com/WuBlockchain

Telegram: https://t.me/wublockchainenglish

In a free AMA format at the BNB Chain event in Hong Kong, Yi He shared her thoughts on the BNB Chain ecosystem, the long-term value of Bitcoin, the relationship between AI and Web3, women’s growth, user trust, asset allocation for ordinary investors, as well as crypto industry regulation and project valuation logic. She stated that the core of BNB Chain and Binance remains “trust” and long-term co-creation; she is optimistic about Bitcoin’s global financial value over a longer cycle, and believes that AI and blockchain are not in a zero-sum competition, but rather two technological paths that will run parallel and complement each other in the long term.

For ordinary investors, Yi He recommended prioritizing allocations in top-tier and relatively stable assets, while reserving only a small proportion for high-risk opportunities. At the same time, she suggested building independent cognition, controlling position sizes, understanding risks, and avoiding being led by market narratives. Regarding project evaluation, she believes the key lies in whether a project genuinely has users, whether it can generate sustainable profits, and whether it is willing to give value back to its token and community. Overall, this AMA served more as a public exchange centered around “cognition, trust, execution, and long-termism.”

The views expressed in this transcript do not represent the opinions of Wu Blockchain and do not constitute any investment advice. Please strictly comply with local laws and regulations. Audio transcription and translation were generated by GPT and may contain errors.

Advice to Young Women: Courage, Cognition, Execution, and Ambition Are Indispensable

Question: As such a young and successful female CEO, what advice do you have for young women?

Yi He: Actually, there is a very well-established theory that if a person wants to be successful, they must possess at least some of four key traits. I believe the first is courage, the second is cognition, the third is execution, and the fourth is ambition.

I feel that Chinese people are often quite shy about using the word “ambition.” However, I believe that whether for men, women, or anyone else, wanting to succeed and desiring a better life is never something to be ashamed of.

The Relationship Between AI and Blockchain: Not Pure Competition, But Parallel and Complementary Technology Branches

Question: The current landscape of the entire Web3 industry is still highly complex. From February and March up to now, the market and its variables have been changing. How do you view the impact and opportunities of AI within the broader Web3 industry?

Yi He: I’ve been thinking about this recently. I believe many people here today have a background in the internet, embrace Web3, and are simultaneously paying attention to AI. Therefore, people often simply perceive AI and blockchain as being in a competitive relationship. From the perspective of short-term capital volume, market funds do flow between different sectors, which is why it feels like they are competing.

But fundamentally, I do not believe they are in an absolute competitive relationship. Whenever a new technology emerges, the most important question is: what problem does it actually solve? Does it solve efficiency issues, cost issues, or innovation issues? Can it bring broader changes to a certain industry? Only under these circumstances will it become a truly viable and competitive business model.

Therefore, I believe that AI and blockchain are not simply in competition; rather, they exist on two different branches of technological innovation and will manifest various forms of integration in the future.

Bitcoin’s Long-Term Value: Agreeing It Has the Potential to Surpass Gold Over a Long Cycle

Question: How many years do you think it will take for Bitcoin to surpass the status of gold, or even the US dollar?

Yi He: You mean Bitcoin surpassing gold, right? I agree that Bitcoin will definitely replace and surpass gold; it’s just a matter of time. I cannot tell you exactly how many years it will take, but I agree with this perspective.

If you actually try to buy a pile of gold and then attempt to travel to many places with it, you will find it extremely inconvenient. I once received a pure gold coin as a gift, which even had a BNB logo stamped on it. However, during a layover, that gold coin was stolen near customs. So from my personal experience, the reason I entered this industry without hesitation and became optimistic about Bitcoin back then was because I deeply believed that if the internet can connect people all over the world, there must also be a financial system capable of connecting everyone globally. And right now, Bitcoin is one of the most optimal candidates for this system.

Binance’s Vision: From a Trading Platform to Global Financial Infrastructure

Question: What are the true mission and values of Binance?

Yi He: Actually, from the very beginning, we didn’t just want to build a single product. When we first started Binance in 2017, our imagination was: if one day there was a product that could meet most people’s various needs — whether for payments, trading, or wealth management — what would it look like?

So, you will see now that our products are expanding; not just spot trading, but also futures, wealth management, payments, prediction markets, and various other services. We hope to truly become a global financial infrastructure, not just a trading platform.

Many people say we have three long-term goals, which sounds quite impressive. But actually, the new goal we set for our employees this year is to grow our user base tenfold. Growing tenfold means that our users won’t just come to trade; in the future, they might also use Binance for daily payments, routine wealth management, and regular financial activities in more countries. Trading is merely one of the functions.

Women’s Growth and Gender Relations: Become a Strong Individual First, Then Consider Relationship Choices

Question: There is a very interesting phenomenon in China right now: if a woman is successful, people will label her as either “masculine” or “feminine.” How do you view the discussions around “female empowerment” and “gender relations”?

Yi He: I have also thought about this question for a long time. Later, I figured it out: I am “the most competitive among men, and the most competitive among women.”

But I believe that no matter how others define it, the essence of growth is: who are you? You need to be like a tree, strong enough to stand on your own. When you are strong enough to support yourself, gender relations become just one important option in your life, not the entirety of it.

So, rather than the so-called “masculinity” or “femininity,” what is more important is: who are you, where do you come from, and where are you going? Whether you are at a peak or a trough in life, can you face yourself with absolute honesty?

Many people easily fall into a state of unclear self-cognition. You can be temporarily not strong enough, but you must at least know that you are not strong enough. You don’t have to announce it to everyone, but you need to know that you need to become stronger. Many people lack even the courage to admit they are not strong enough, which makes it very difficult to take the first real step toward growth.

Platforms Should Not Be Deified, But Should Strive to Solve Real Problems

Question: In some previous cases where users sought help after suffering asset losses, why was Binance willing to invest so much effort into helping them? What were you thinking at the time?

Yi He: I think many times, people might over-interpret this. Because I am someone who easily empathizes with others, it is also very easy for me to put myself in their shoes. When I see a user say, “I am a college student, and all this money is gone,” I think to myself that if I were them, I would be absolutely desperate. If I have the ability to help them a bit, I will try my best to do so.

However, from a business logic perspective, we cannot expect every trading platform to bear all the losses for everyone; that is impossible to achieve. So, in many cases, what we can actually do is to try our best to help users solve problems within reasonable boundaries.

What we hope to do is to expand this industry and raise the overall water level of the entire sector. This way, in a healthier ecosystem, users have the opportunity to make money, and platforms can achieve long-term development. We only earn the money we are supposed to earn, and on this basis, we make normal decisions to help users solve practical problems.

Many people might say, isn’t this too “humanitarian”? I want to say, if you put yourself in that position — if you personally were running a company, would you want the company to merely maintain a high profit margin, or would you want it to have more users and create greater value? Most people would probably still choose to stand on the side of the users.

I am inherently a very positive-thinking person. I feel that if you look at this world and the first thing you see is malice, then you will be surrounded by malice; if you see heaven, you will be surrounded by angels. So I try to face problems with a positive mindset.

Strategies for Ordinary Investors: Prioritize Top-Tier Assets, Use Small Positions for High-Risk Opportunities

Question: Currently, for ordinary investors, especially young beginners, which sectors should they focus on the most?

Yi He: I believe that “focusing on sectors” is inherently chasing trends. But most trends will eventually drop while you are chasing them. For young people and beginners, a more ideal approach is actually not to chase trends every day, but to try to choose the most top-tier assets and the assets with the highest certainty, especially within the few massive themes in the industry.

Of course, you can take a very small percentage of your funds to take risks, such as 1%, 2%, or 5%, but you must strictly control your position sizes. The vast majority of your asset allocation should still be placed in relatively stable and mature targets. You can use a very small amount of money for trial and error, but do not bet a large amount of capital on high-risk assets.

Project Valuation Logic: Look at Users, Revenue, and the Willingness to Provide Real Empowerment to Tokens

Question: Nowadays, many crypto projects have companies that are performing well and generating good revenue, but their token performance is very poor. How do you view this issue? What should project teams do in the future?

Yi He: This is actually a very interesting question. We have previously spoken with some project teams that have already launched, and they themselves would say: our business is good, our team is good, but our token performance is just poor. So why not add some utility or empowerment? They would say it’s because they don’t want to provoke regulators, regulators don’t allow it, so the token can only be this way. Because it is a “governance token,” and governance tokens cannot have real utility.

However, I believe this logic is not necessarily completely correct. As time progresses and as policies toward the crypto industry gradually loosen in some highly regulated countries, I firmly believe there will be project teams willing to provide real empowerment to their tokens, just like BNB.

Fundamentally, whether a project is worth looking at depends first on whether it truly has vitality, genuinely has users, and actually makes money; second, on whether it is genuinely willing to empower its token with its revenue and interests. If it lacks both of these points, then the project is practically not worth looking at.

Will You Publish a Book in the Future?

Question: Many people really like the way you express yourself and want to know if you will publish a book in the future?

Yi He: I think writing is very interesting, but to be honest, I often feel that many of the things I want to say might have already been expressed better by others. So whether or not I will continue to write systematically will depend on future plans.

But I am very grateful that everyone is willing to listen to me share these things. The reason you believe in me is not actually because I am so special, but because you believe in Binance and the Binance community. That is why we have weathered many difficulties together.

How to View the Relationship Between a CEO’s Personal Image and Company Culture

Question: How do you view the relationship between a CEO’s personal image and company culture? Many people say that investing is essentially investing in people; what is your take on this?

Yi He: I believe the phrase “investing is investing in people” holds true in many cases. Because investing in people is essentially investing in the founder — investing in the founder’s cognition, values, execution, and the organizational culture they have built.

You could also understand it this way: a company’s culture is largely influenced by its founders. Currently, we are applying for licenses and establishing standards in more countries globally, which is mostly about laying the groundwork for compliance and regulation; meanwhile, I personally focus more on the overall organizational structure of the company, as well as user growth and user experience.

Investment Methodology: Build a Cognitive Framework First, Then Discuss Trading and Risk Control

Question: In many communities today, some people get overly excited or extremely pessimistic due to short-term price fluctuations. How do you view this phenomenon? How should ordinary people participate in this industry?

Yi He: I sincerely hope that everyone builds products that people actually use, rather than just relying on emotions and narratives.

I deeply believe that the amount of money a person makes is inherently the monetization of their cognition. But this monetization of cognition isn’t just about “I have an idea”; it’s about whether you have truly executed that idea, and during the execution process, learned, iterated, improved your execution capabilities, and further elevated your cognition.

So, when I see some so-called OGs still talking big everywhere, I feel a bit emotional. For ordinary people, you will always encounter some very special opportunities in life, such as buying BNB or BTC and achieving financial freedom, or catching some major opportunities in the AI era. But more importantly, even if you buy in, you won’t necessarily make money. Why? Because you might not truly understand the structure of that industry; you don’t know why that asset is going up.

If you are merely “following the trend,” you lack that larger cognitive logic. Therefore, whether in entrepreneurship or investment, I believe that ordinary people are better suited for relatively steady choices. You might not be able to achieve massive success overnight, but this is a path more suitable for the majority of people.

Of course, there are also many highly skilled trading talents who are indeed very good at trading and can turn small capital into large sums. But not everyone is suited for that path. We need to be truly professional in one specific area, rather than trying to dabble in everything. Start with what you are good at, what you understand, and what you find valuable, and then simultaneously learn about investing or trading. Even if you do decide to trade, you must ensure proper risk control.

Most Projects Will Ultimately Fail; Be Clear About What You Are Doing

Question: Right now, many projects use your name or Binance’s name for promotion, and some people in the community might mislead newcomers. Do you have any reminders for everyone?

Yi He: Do not deceive yourself, and do not let others deceive you.

Binance Launchpool, project listings, and various official actions occur because the projects themselves meet our standards. It’s not because of something I said, nor is it because someone attached the name “Yi He” to their project that they will definitely receive resources. Please do not understand this logic backwards.

I also hope everyone understands that many of the current documents and rules are not tailored for any specific project. Binance respects the market and respects the rules. But please never assume that Binance will financially support every project you see on the BNB Chain.

I will tell you that 99.9% of projects may eventually go to zero. You must understand that most projects will fail. Under this premise, it is more important to have a clear cognition yourself and not be fooled by others. Do not easily believe it when someone says, “As long as it has Yi He’s name on it, Binance will definitely list it.” This kind of thinking is extremely dangerous; you must be careful.

Finally, just a few quick words. Every time I stand on a stage, I hope my trip here is not in vain. I hope that apart from enjoying the food, you can also find something useful for yourselves through our communication.

Fundamentally, we enable each other’s success. No single person can become a remarkable industry figure just by saying a few words on their own. Ultimately, it relies on the entire industry moving upward together. I also hope that for all the friends here today, you can all build your projects well and improve yourselves in the future.

Follow us

Twitter: https://twitter.com/WuBlockchain

Telegram: https://t.me/wublockchainenglish

Canadian Sovereign Wealth Fund AIMCo Discloses $219M Stake in MicroStrategy

According to BitcoinTreasuries, the $142 billion Alberta Investment Management Corp (AIMCo), owned by the Canadian government, disclosed purchasing 1.38 million shares of MicroStrategy (MSTR) valued at $219 million. As one of Canada's largest institutional investment managers, this acquisition marks the organization's first allocation toward Bitcoin-related treasury assets.

Shinhan Card to Pilot Stablecoin Payments on Solana Testnet

Shinhan Card, one of South Korea’s largest credit card companies, announced a partnership with the Solana Foundation to build a stablecoin payment system on the Solana blockchain. Shinhan Card said it will run an advanced proof-of-concept on Solana’s testnet this year, focusing on real-world consumer-to-merchant payment scenarios and testing the security and stability of non-custodial wallets.

On April 29 (ET), U.S. spot Bitcoin ETFs recorded total net outflows of $138 million. Morgan Stanley’s MSBT posted the largest single-day net inflow among Bitcoin spot ETFs at $10.81 million. Spot Ethereum ETFs saw total net outflows of $87.73 million, led by Fidelity’s FETH with $48.37 million in net outflows.

Bybit CEO Claims Malaysia Watchlist Lifted After Regulator Talks

Bybit CEO Ben Zhou posted that Bybit has been removed from the Securities Commission Malaysia’s investor alert list following “constructive” engagement and alignment with local requirements. He also highlighted Bybit’s recent lead investment in Hata, a Malaysia-based crypto platform with local licenses, and described regulated local infrastructure as critical for long-term industry growth and user trust, calling Malaysia a key market for regional crypto adoption.

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Michael Saylor: Satoshi Already Answered How Bitcoin Can Respond to the Quantum Threat

Strategy founder Michael Saylor said in an April 13 interview with Bankless that “the more Bitcoin we buy, the better it is for the entire ecosystem,” and made clear that Strategy will not turn defensive as its Bitcoin holdings grow. 

He said the company's core strategy remains the same: raise capital, buy Bitcoin, and keep accumulating, rather than move toward diversification.Saylor also said Strategy is a pure Bitcoin stock, not a complex product mixed with other assets, and that the more Bitcoin it holds, the clearer and more transparent the company’s structure becomes.

Visa Expands Stablecoin Pilot to Nine Chains, Adds Base, Polygon, Canton, Tempo and Arc

Visa added Arc, Base, Canton, Polygon and Tempo to its stablecoin settlement pilot, bringing the total number of supported blockchains to nine. Visa said its onchain settlement volume is running at an annualized pace of about $7 billion, up roughly 50% quarter over quarter. Visa also noted it now supports more than 130 stablecoin-linked card programs across over 50 countries.

Upbit to List MegaETH (MEGA) on KRW, BTC and USDT Markets

Upbit, South Korea’s largest crypto exchange, will list MegaETH (MEGA) with MEGA/KRW, MEGA/BTC and MEGA/USDT trading pairs. MegaETH is an EVM-based real-time Layer 2 that claims 100,000+ transactions per second with millisecond-level latency. MEGA is used for governance, staking and gas fees.

Just in: Hyperliquid Tests HIP-4 Plan to Add Onchain Prediction Markets

Bloomberg reported that decentralized exchange Hyperliquid is proposing to add prediction markets via a new initiative known as HIP-4, now in public testing, allowing traders to wager on real-world event outcomes onchain. The move comes as prediction markets gain traction and new entrants accelerate, potentially putting Hyperliquid in more direct competition with Kalshi and Polymarket.

DOJ-Led Crackdown Busts Overseas “Pig-Butchering” Crypto Scam Centers, 276 Arrested

The US Justice Department said a coordinated operation led by the FBI with law enforcement in Dubai, China, and Thailand dismantled at least nine overseas crypto scam centers targeting Americans and resulted in at least 276 arrests.

The DOJ said the schemes typically involve building fake romance or friendship online, steering victims to bogus crypto investment platforms, and laundering the proceeds. It added that the FBI’s “Operation Level Up” has warned nearly 9,000 potential victims and helped prevent an estimated $562 million in losses.

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Arbitrum Security Council Member: Circle Is Clearly Not Full of Good Men

Arbitrum Security Council member Griff Green states that Tether actively freezes hacker funds, while Circle does nothing. He believes Tether consists of traditional crypto natives who value early crypto principles, whereas Goldman Sachs-backed Circle only cares about profitability. He suggests that the community might need to sell off USDC to force these institutions to take action against hacker threats.

Meta Rolls Out USDC Payouts to Creators in Colombia and the Philippines

After shutting down its Libra (later Diem) project in 2022 amid regulatory pressure, Meta has resumed efforts in blockchain-based payments by rolling out stablecoin payouts to select creators. The initial rollout targets users in Colombia and the Philippines, allowing them to receive earnings in USDC via crypto wallets on the Solana or Polygon networks. The service is supported by Stripe.

Federal Reserve Sets Upper Bound at 3.75%, Leaves Rates Unchanged

The Federal Reserve announced its interest rate decision, setting the upper bound at 3.75%, in line with expectations and unchanged from the previous level.

According to Wall Street Journal reporter Nick Timiraos, there were four dissents on the Fed’s rate pause, with three bank presidents pushing to remove the easing bias and one governor dissenting in favor of a rate cut. The last meeting with four dissents was in 1992.

Delphi Digital: Backtesting of 5-Year Holding Periods for Major Crypto Assets Shows Most Entry Points Delivered Positive Returns

Delphi Digital analyzed daily price data since May 2016 across all possible 5-year holding periods for Bitcoin, Ethereum, and Solana (including staking yields for ETH and SOL). Bitcoin recorded only 11 negative windows, with the worst case at around -13%, while Ethereum and Solana recorded none.

Bitcoin’s median 5-year return was over 8x, and Ethereum’s was nearly 13x. For comparison, Nvidia’s roughly 14x return over the past five years is similar to the third quartile of historical 5-year BTC and ETH returns.

Bitcoin Faces Resistance Near $80,000 as Options Positioning Caps Upside

According to Bloomberg, Bitcoin is facing repeated resistance near $80,000 as concentrated call option positioning on Deribit triggers market makers to sell into price rallies under long gamma dynamics, capping upside. Approximately $1.5 billion in notional call options is clustered at this strike across May and June expiries, while weaker futures positioning, slowing spot demand, and profit-taking have further reinforced resistance at this level.