I am very glad to meet CZ in Tokyo. This is his return to Japan after 7 years, and during this time, the entire industry has undergone tremendous changes.
At this event, I asked CZ a question: How do you view the on-chain of everything and the tokenization of stocks?
He replied: There have not yet been large-scale coin-stock products on the market. The possible reason is that each country and region has different policies, making it difficult for coin-stock investors to receive dividends and easily redeem stocks. There are also price differences during trading. However, projects on the chain are usually global in nature, which was a significant pain point back then.
Restrict areas or try to solve it?
But he reiterated that the trend of RWA cannot be stopped. $BNB
An 8-year veteran practitioner tells you: How to spend the industry's garbage time
The market has gradually become quiet recently. Many colleagues have expressed that they can’t see the direction clearly or are forced to be friends with time. This is actually not the first time.
Looking back, since I entered the circle in 2016, I seem to have experienced four major garbage cycles. Although I often comfort myself in my heart that all this will pass, the positive cycle will come back, and liquidity will come back, but when we are really in the garbage time, we will feel more or less depressed or helpless.
Winter in Zhongguancun.
The first garbage time was when I entered the circle. At that time, the industry had just shifted from the cold winter of 2015 to the recovery period of 2016. OKCoin and Huobi, located in Zhongguancun, also stopped layoffs. The market was gradually recovering, and exchanges finally had positive income.
1. In the crypto space, the only truly validated successful business tracks are exchanges and stablecoins, both of which have already scaled massively.
2. He sees three promising directions for the future: asset tokenization, payments, and artificial intelligence.
3. In reality, no one uses cryptocurrency for payments, but traditional payment methods can settle using cryptocurrency in the background, with merchants ultimately receiving fiat currency.
4. National-level promotion of asset tokenization can better release the financial value of assets.
5. Cryptocurrency will become the native currency for AI agents; in the future, when AI has the ability to execute and make payments autonomously, its transaction activities will be completed based on the cryptocurrency system.
Trump's own publicly traded company, Trump Media Group, announced a partnership with a cryptocurrency exchange to take a snapshot of the holdings data for shareholders holding Trump Media Group DJT stock on February 2.
Then corresponding digital tokens will be minted, displayed, and airdropped to everyone. The specific details of the distribution process will be announced soon.
Just discovered that Binance allows fiat withdrawals? However, you first need to convert stablecoins USDT and USDC into USD, and then initiate a bank transfer for a SWIFT withdrawal.
The remitting bank is named BPay, an entity of Binance located in Bahrain. It takes about 3 working days.
A major issue is that the stablecoins on the Binance platform are not 1:1 with the USD, and there is a limit of 6600 USD; exceeding this requires additional identification documents.
Due to the debate over the issue of pre-made dishes, the owner of Xibei Yomiancun and former Smartisan Technology owner Luo Yonghao have decided to go live on Weibo at 10 PM tonight. Both parties have just been silenced by Weibo's official account.
Weibo CEO Wang Gaofei confirmed through his account that both have been muted. He suggested that the debate should be conducted through media interviews, as the new negative list policy for internet celebrities prohibits online quarrels.
Following last summer, many people who traded U.S. and Hong Kong stocks overseas or kept money in Hong Kong reported being notified by the IRS to pay a 20% tax on their gains.
According to multiple sources, the current tax recovery period for overseas income of Chinese mainland tax residents has been extended to 2020, and even to 2017.
The Tesla Model 3 and Model Y under 200,000 RMB might finally be coming to China.
These past few days, the low-cost Model Y page briefly appeared on the Chinese Tesla website. This version is already available and circulating in North America.
According to insiders cited by Dongchedi, the adjusted low-cost entry-level models will begin sales shortly, with the Model 3 leading the way, followed closely by the Model Y.
Claiming that their company will surpass NVIDIA and Tesla in the pursuit of ecological dominance, the company's WeChat Moments post has drawn backlash even from internal employees.
An employee in a group chat with 1,066 members tagged their boss, saying he knows nothing, and simultaneously tagged the boss's supporters, calling them sycophants who blindly idolize the boss and indulge in unrealistic daydreams.
Wow! A domestic internet company, Xunlei, has announced it will sue its former CEO, accusing him of repeatedly using fake contracts to siphon money from the company, even diverting funds to cryptocurrency trading.
Then, in 2020, the incident was exposed and investigated by Shenzhen authorities, after which he fled overseas and has not returned to date. The amount being pursued exceeds 200 million RMB.
Tonight, CCTV News aired a special report about the former director of the People's Bank of China's Digital Currency Research Institute. During his tenure, he abused his position to help a cryptocurrency entrepreneur get a cryptocurrency exchange to lower its barriers, enabling the entrepreneur to successfully raise 20,000 ETH. The former official personally received 2,000 ETH as a bribe.
At the peak of the 2021 bull market, the individual cashed out 370 ETH.
Then, through multiple accounts, he transferred the equivalent of 10 million RMB to purchase a villa in the suburbs of Beijing for relatives. The villa is valued at 20 million RMB.
In 2024, the individual was investigated and now faces imprisonment, along with his subordinates.
Confirmed! Binance Wallet Web Version Officially Launches Perpetual Contracts Trading Functionality. It has been confirmed that this feature is provided by Aster, a derivatives DEX built on the BNB Chain.
After entering the page, Binance will pop up a disclaimer stating that all activities occur on Aster, and Binance Wallet serves only as a display and participation channel.
The page design is similar to Binance Contracts, both featuring a horizontal K-line chart, order book, and full-screen layout for placing orders.
Wow, today Caixin's homepage featured a 10,000-character in-depth article exposing the太子 Group and Chen Zhi, who was arrested by Chinese police.
The content mentions that Brother didn't just engage in human trafficking, online fraud, and gambling operations in Southeast Asia, but also had VC investment funds in mainland China, investing in numerous gaming and tech companies, always maintaining business operations.
Additionally, international cigar brands such as Habanos and Imperial Tobacco are also part of Chen Zhi's enterprises.
What Brother has consistently done in the past is to collect illicit funds through cryptocurrencies, then convert them into fiat currency, and finally invest in clean assets like watches, real estate, and artworks.
This entire process is carried out through exchanges and underground banks.
After confirming with the National Tax Agency of Japan, the market rumors about Binance synchronizing user information with the global tax authority CARF (Cryptocurrency Tax Coordination Framework) have been verified as not including mainland China.
However, there are 48 countries involved, including Singapore, Canada, South Korea, Cayman Islands, and also Hong Kong, China.
The effective date is January 1, 2026, with tax reporting and payment required by April 30, 2027.
Unless you plan to fully localize within mainland China, and have no overseas identity, no overseas bank accounts, and are neither studying abroad nor becoming a long-term resident overseas, avoiding these regulations will become a complicated issue going forward.
2.3 billion USD stock reward! Tesla submitted an official report, and Zhu Xiaotong, who originally came from China, has received a new 5-year employment contract extension from Tesla, including a subsequent reward of 520,000 Tesla shares upon completing 5 years.
Zhu Xiaotong is the driving force behind Tesla's Shanghai Gigafactory, joined Tesla in 2014, and was promoted to Senior Vice President in 2023.