Crypto圣泽

Last night the crypto world exploded again — the U.S. government confiscated $2.4 billion worth of Bitcoin from a Cambodian fraud group, bringing the total to nearly $18 billion with the previous seizure. This isn't law enforcement; it's like driving a truck straight to the vault to haul away cash.
Many people thought Bitcoin could be perfectly used for money laundering, but that illusion has been completely shattered. The U.S. Department of Justice has essentially installed GPS on the blockchain, making the flow of funds crystal clear. They first lock onto wallet clusters, then obtain private keys through international cooperation, and finally, with a court order, they make the exchanges comply obediently.

At three o'clock in the morning, I was awakened by a "earthquake-level" message from the community: 410 trillion SHIB have been permanently destroyed and sent to a "black hole" address that no one can access. The group instantly boiled over, and the candlestick chart started to move. A friend excitedly called me: "Did you see! Epic burn! The supply has drastically decreased, it’s about to take off!" I stared at that blockchain record with "no keys and no possibility of recovery," but a layer of cold sweat broke out on my back. A huge question hit me: how do we "know" and "believe" that these 410 trillion tokens have truly disappeared forever? If even the act of "destruction" can be manipulated or misunderstood, what exactly are we trading madly? This seemingly crazy question points directly to the most vulnerable and critical point in the world of cryptocurrency.

Just now, I watched as BTC plummeted to $87,900, with the entire network instantly liquidating 800 million. My phone was bombarded with a brother's ecstatic messages: "Did you see that! I said long ago, first blow up the shorts to 89k, then crash down to harvest the longs! It all came true! Money is just like picking it up!" Looking at the profit screenshots he sent and those expressions, my adrenaline was also skyrocketing. But the next second, a cold doubt crept into my mind: he got it right this time, but what about next time? Or the time after that? This game of building wealth on 'accurate predictions' of the market's next move is no different from dancing blindfolded in a minefield. Are the real winners truly relying on guessing the dealer's thoughts? Or do they possess some deeper, more certain insight—like the ability to see 'certain facts' first in any market fluctuation?

Last night before going to sleep, my wife suddenly leaned over and said: “Hey, the digital renminbi is going to upgrade to 2.0. I heard that money stored in it can earn interest, just like a demand deposit!” I casually replied, “That’s great, it will be more convenient.” But she seemed to ponder: “Do you think that in the future our salaries, utility payments, and even financial management will all have to run through a ‘super wallet’? Who will ensure that this data is absolutely secure and error-free? What if it says my balance should have a certain amount of interest, but it’s calculated wrong or gets hacked?” Her question struck me like a lightning bolt—yes! When currency becomes fully digital and intelligent, who should we trust to ensure that every penny’s flow is accurate, unalterable? The answer to this question may be far more complex than just one official app. It points to a deeper infrastructure war that is reshaping the global financial landscape.

These past few days, the old Li next door, who is mining, has completely lost his mind. Every day, he hugs his 2020 'antique' mining machine, with his eyes shining, and tells me: 'Brother, this thing can still mine nearly 200 bucks a day! Can you believe it? I grabbed it for thirty thousand back then, and now the scrap yard won't even take it!' I look at the $ZEC K-line chart on his screen, and then listen to the roars about '14 times downwards space' and 'must return to 40 dollars', and my heart skips a beat. This script, why does it feel like I've seen it somewhere? Oh right, the KAS from 2022, that machine dubbed the 'printing press' KA3, went from three hundred thousand per unit to being sold as scrap iron by the kilogram in just a few months. History doesn’t simply repeat itself, but it always follows the same rhyme. While everyone is focused on the residual value of mining machines and the fluctuations of coin prices, I smell a deeper, more fundamental issue that concerns the life and death of all crypto assets.

That night I was scrolling through Twitter when my finger suddenly stopped on a message: Uniswap's treasury burned 100 million UNI, worth nearly 600 million dollars. I rubbed my eyes; my first reaction was, 'Is this another stunt?' But as an old investor, my intuition told me this was not simple. I brewed a strong cup of coffee and decided to dig deeper. Unexpectedly, as I was digging, I discovered a logic of a 'perpetual motion machine' of value that was quietly taking shape, and what excited me even more was that the key to this logic seemed to be held not just by UNI...
1. From 'Air Vote' to 'Printing Machine', UNI's counterattack is just the prologue

The liquidation notifications on my phone screen came one after another. In just 60 minutes, a position worth 90 million dollars disappeared into thin air. And I, just 7 hours ago in that analysis, had said to a friend, '$BTC is ready to move.' Now, the price is sprinting upwards, stepping on countless stop-loss orders—each liquidation feels like fuel injected into the engine, rather than a signal for the end station.
But just at this moment when the market is convulsing violently, a question struck me like lightning: When a trade can instantaneously decide the profit and loss of nearly a hundred million dollars, is the 'price' we rely on really transparent and credible enough? The depth charts of exchanges, the abnormal quotes during flash crashes, arbitrage across platforms... does the source of all this data hide an invisible 'crack'?

At three in the morning, I stared at the market, my finger hovering over the mouse. The short position at 3033 has been hanging for a month, currently at breakeven. The four-hour chart is stuck below the EMA200, and the 100-point range from 3050 to 2900 has been horizontal for over a week, like the eerie calm before the storm. I know the market is about to choose a direction—if the price stabilizes above 3040, the short strategy I've prepared for a whole month will be completely overturned, and I will turn to a 400-point rebound at the weekly level.
But just at that anxious moment of waiting for the direction to choose, a deeper thought suddenly emerged: the candlesticks, indicators, and breakout points that we traders analyze every day are essentially about processing 'data.' But what if this data itself is delayed, manipulated, or comes from unreliable sources? No matter how perfect a trading system is, if it's based on problematic data, it's just a sandcastle.

Last night, I made a decision that even I thought was crazy – I transferred all the emergency funds in the bank to stablecoins on the blockchain. It wasn't because I listened to some KOL's recommendation, but because I spent three months gradually digging through the financial reports and commercial real estate risk exposures of more than a dozen mainstream banks. The result sent chills down my spine: by 2026, there will be $1.2 trillion in commercial real estate loans maturing, and under the trend of remote work, the value of these collateral assets has already shrunk by more than 30%. It's like a countdown to a financial bomb, while most ordinary people remain blissfully unaware, playing the role of 'frogs in boiling water.'

In the late night, I finished reading the last page of Buffett's final letter to shareholders. At the end of the document, the signature appeared particularly calm. 60 years, 19.9% annualized return, a legend from a textile factory to a trillion-dollar empire. But the moment I closed my laptop, a thought suddenly struck me: how long can this old valuation system, based on company financial reports, credit ratings, and centralized audits, continue in a future where data can be generated, tampered with, or even faked by AI at any time?
Buffett's core magic is actually the recognition and adherence to 'true value.' He reads thousands of financial reports, analyzes management integrity, and assesses moats—all of this is based on a traditional world where information is relatively credible and endorsed by authoritative institutions. But as we enter a new era where AI generates content, data flows across chains, and assets transfer globally in real-time, the coordinate system that helps us distinguish 'truth' from 'bubble' is shaking violently.

Just now, I had AI draft a quarterly project summary, and it only took three minutes. The content was even more structured than what I stayed up late writing last week. I stared at the screen, and the feeling wasn't relief, but a cold panic—if even tasks like 'inductive analysis' and 'strategic recommendations' can be instantly replaced, where will my value be anchored five years from now?
This sense of crisis echoes the warnings of 'AI godfather' Geoffrey Hinton. He mentioned that by 2026, the pace at which AI will replace jobs will far exceed our imagination, and this isn't just about repetitive labor, but also those complex decisions we once believed only humans could handle. However, after spending several sleepless nights researching the intersection of AI and blockchain, I discovered a truth overlooked by most: the threat of AI does not stem from its capabilities, but from our inability to 'verify' its decision-making process. If AI is a black box, then what it replaces is not just our jobs, but also our control over the truth.

Last night I saw the LIGHTER airdrop arrive, with a cost of 1 point returning 20 coins, and the coin price is 2.65U. I calculated that it’s about a 10-fold profit, the largest airdrop of the year. It was already all sold out, and I plan to take a look at the situation with the remaining ones—last time with ASTER I sold too early, the airdrop with a capital of 30U rose to 5000U, but I ran away at 170U, breaking my leg. This time I told myself: be patient and see if I can make it to the other side.
The excitement hasn't worn off yet, but I inexplicably woke up at three in the morning. Looking at those assets in my wallet from different chains, different DEXs, and different airdrop projects, a thought suddenly popped up: if I can't even calculate the real cost of these assets crossing so many platforms, how can I prove the source of every profit to the tax officer in the future?

At 3 AM, I stared at the last position on the screen going to zero, my fingers a bit numb. Not because of a crash or liquidation, but because of an article I saw on Forbes today — starting in 2025, the IRS will directly receive user trading records from exchanges. Even scarier is that the first report they receive may only have the 'sell amount' without the 'buy cost'. What does this mean? It means that if you can't clearly state your costs, the IRS will likely assume your cost is zero, and then a hefty tax bill will be sent directly to your home.

I casually browsed the Binance wallet at noon and clicked on Booster in that inconspicuous corner of the 'Discovery' page. The page said 'Zero consumption participation' and 'Exclusive early bonuses'. I skeptically completed a few simple weekly tasks and secured a spot. The entire process didn't deduct any Alpha points, but there was always a voice in my mind asking: what is really paying the cost behind this 'zero-cost' opportunity?
This question reminded me of a late-night chat with a friend in the industry who is involved in infrastructure development. He was drinking coffee at the time and said: 'What is most scarce in the market right now is not another airdrop opportunity, but the underlying protocol that can make all airdrops, all interactions, and all data more trustworthy.' He then mentioned @APRO-Oracle—not as a cryptocurrency that is about to skyrocket, but as the infrastructure that may redefine the word 'trustworthy' in the next cycle.

It's almost the end of 2025, and the RWA sector has become incredibly popular, right? What with on-chain government bonds and real estate tokens, it sounds impressive, and it feels like if I don't get involved soon, I'll miss out on an era. But do you know? This industry is getting deeper and deeper, so deep that you can inadvertently empty your pockets.
Last week, I almost fell into a big trap—I nearly threw hundreds of thousands into a 'Singapore core business district real estate' project. The PPT was dazzling, with a 12% return, property deed scans, property photos, you name it; the team was in suits, and it looked reliable from every angle. But I have a habit: the more attractive something is, the more I feel the need to dig deeper and see what's inside.

Brothers, let me say something heart-wrenching. What do you think is the most important thing in the crypto world? Technology? News? Or mindset?
Let me tell you, it's none of those. The most fatal thing, which almost no one mentions but can instantly bring you to zero, is the protocol you’re using—what it sees, is it real or fake?
It's like you're sitting in a luxury car with autopilot; the car's system (smart contract) is top-notch, but the navigation (oracle) telling you 'there's a straight road ahead' could be blind, or even a traitor.
1. The 'congenital disability' of blockchain: it is blind

Guys, let's talk about something that really hits home today. You stare at the market every day, study the candlestick charts, chase the trends, feeling like you're outsmarting the market, right?
But have you ever thought about it? The 'price' you see, the 'collateral ratio' you rely on, the 'fair lottery' you participate in, is it really what you think it is?
I'm going to tell you a truth that might send chills down your spine: what you're trading isn't cryptocurrency; it's the 'data fed to the blockchain by others.' And that 'others' might be the weakest link in the entire system.

Let's talk about something practical today. Have you noticed that there are new stories in the crypto world every day: Layer2, AI, MEME, RWA... As one story ends, another begins. But no matter what the story is, we all have to face the most basic and critical question:
How can you know what is happening in the outside world with the contracts on your chain?
This question is like hiring the most impartial AI judge in the world (smart contract), but it is blind, relying entirely on someone nearby (oracle) whispering in its ear, saying: 'This is what is happening outside right now...' What if this person is wrong or deliberately lying? All of the judge's rulings would be instantly incorrect.

Friend, don't swipe away just yet. What I'm about to discuss might determine whether you eat meat or sip soup in the crypto world for the next five years.
Have you noticed? This industry is increasingly resembling a magical theater:
Shouting about 'decentralization' and 'immutability',
but the 'data truth' supporting all DeFi protocols, blockchain games, and NFT markets comes from a few centralized data providers you may have never even heard of.
It's like you've built a vault (blockchain) with the world's top-level lock (smart contract), but the sentinel telling you whether the 'outside world is safe or not' (oracle) might just be a guy who took dirty money.

Friend, have you ever thought about who you are really fighting against every day in the crypto world?
Do you think you are outsmarting the whales, battling emotions? Wrong. What you are truly fighting against is something more invisible and deadly: the protocol you are using — is the 'world' it sees real?
For example: you mortgage Bitcoin to borrow USDT. Suddenly the market crashes, and your position seems to hold, but the system forcibly 'liquidates' you. Why? Because the guy telling the system 'how much is Bitcoin worth now' — the oracle — is either slow, wrong, or simply bought off.