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汪掌柜
101 Posts

汪掌柜

每日拆解宏观事件与突发新闻对币圈的影响,用数据说话,不喊单、不荐股,仅分享个人观察。
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After staying in the crypto space for a long time, one type of project you should pay attention to is the kind where insiders hold a particularly high proportion of the tokens and the unlock schedule is especially long. 【 $BABY is 】 Together, the team, advisors, and early investors hold roughly 66% of the total supply. The unlock plan won’t be fully released until 2028 to 2029. 【#BABY break it down】 The team portion releases linearly over 3 years after a one-year cliff period. Early investors are unlocked in batches over 36 months—every month unlocks a small amount of tokens into circulation. This kind of structure isn’t the violent type of sell pressure like “a one-time large unlock and a single round of heavy dumping.” It’s more like a steady trickle—gradually diluting in the background day after day. 【@babylonlabs_io for veteran bag-holders】 Short-term sentiment-driven market conditions can be traded with tokens like this, but before holding long term, you must treat this “unlock calendar” as a calendar you check year-round. Before and after each major node, reduce your position appropriately—that’s the most basic risk-control move. Don’t wait until you get hit before you remember to look up the schedule.
After staying in the crypto space for a long time, one type of project you should pay attention to is the kind where insiders hold a particularly high proportion of the tokens and the unlock schedule is especially long.

$BABY is 】
Together, the team, advisors, and early investors hold roughly 66% of the total supply. The unlock plan won’t be fully released until 2028 to 2029.

#BABY break it down】
The team portion releases linearly over 3 years after a one-year cliff period. Early investors are unlocked in batches over 36 months—every month unlocks a small amount of tokens into circulation.

This kind of structure isn’t the violent type of sell pressure like “a one-time large unlock and a single round of heavy dumping.” It’s more like a steady trickle—gradually diluting in the background day after day.

@BabylonLabs_io for veteran bag-holders】
Short-term sentiment-driven market conditions can be traded with tokens like this, but before holding long term, you must treat this “unlock calendar” as a calendar you check year-round. Before and after each major node, reduce your position appropriately—that’s the most basic risk-control move. Don’t wait until you get hit before you remember to look up the schedule.
Article
Unlocked and transferred out by the TRUMP team? But contract data is hard to make sense of1️⃣ Bill progress: the August window will most likely be missed U.S. Senate Majority Leader Thune told reporters yesterday that the crypto market structure bill (the CLARITY Act) is not expected to complete consideration in the Senate before the congressional August recess. The industry had originally hoped to move it forward before August 7, but that window is now essentially gone. 2️⃣ The bottleneck isn’t stablecoins, but the “ethics clauses” The key controversy is the Democrats’ demand to add restrictive clauses to prevent Trump from profiting from it—guarding against “regulators colluding with themselves.” 3️⃣ Coincidental timing: the TRUMP team address was unlocked for transfers On July 25, according to on-chain analyst Yu Jin monitoring, the $TRUMP team token address was unlocked and transferred out 10.837 million tokens, worth about $16.91 million. It is expected that the proceeds will later flow into centralized exchanges such as OKX.

Unlocked and transferred out by the TRUMP team? But contract data is hard to make sense of

1️⃣ Bill progress: the August window will most likely be missed
U.S. Senate Majority Leader Thune told reporters yesterday that the crypto market structure bill (the CLARITY Act) is not expected to complete consideration in the Senate before the congressional August recess. The industry had originally hoped to move it forward before August 7, but that window is now essentially gone.
2️⃣ The bottleneck isn’t stablecoins, but the “ethics clauses”
The key controversy is the Democrats’ demand to add restrictive clauses to prevent Trump from profiting from it—guarding against “regulators colluding with themselves.”
3️⃣ Coincidental timing: the TRUMP team address was unlocked for transfers
On July 25, according to on-chain analyst Yu Jin monitoring, the $TRUMP team token address was unlocked and transferred out 10.837 million tokens, worth about $16.91 million. It is expected that the proceeds will later flow into centralized exchanges such as OKX.
Old investors watch the token; the first thing is never to look at the candlestick chart—it’s to look at the supply schedule. $BABY The current total supply has already exceeded 10 billion coins, but because of annual inflation (currently about 8%, and the community has proposals to reduce it to 5.5%), the theoretical upper limit is “infinite.” This is completely different from Bitcoin’s hard deflation logic with a fixed cap of 21 million. Newcomers can easily get confused at this step. The current circulating supply is roughly just over 4 billion coins, accounting for under 40%. That means less than half of the tokens are circulating in the market. The remaining more than 60%—@babylonlabs_io —are still held by the team, early investors, ecosystem funds, and advisors, and they are gradually being released according to plan. In the past few years, I’ve seen too many projects where the market cap looks great at first, but after a round of unlocks, it gets cut in half, then cut in half again. The reason is simply that they didn’t figure out in advance “how much is still not yet released.” So don’t rush in just because the current price seems cheap. Pull up the unlock calendar first, take a look, and have a clear idea before deciding how to position your holdings. That’s the basic skill of old investors. #baby Personal observations only; not investment advice.
Old investors watch the token; the first thing is never to look at the candlestick chart—it’s to look at the supply schedule.

$BABY The current total supply has already exceeded 10 billion coins, but because of annual inflation (currently about 8%, and the community has proposals to reduce it to 5.5%), the theoretical upper limit is “infinite.” This is completely different from Bitcoin’s hard deflation logic with a fixed cap of 21 million. Newcomers can easily get confused at this step.

The current circulating supply is roughly just over 4 billion coins, accounting for under 40%. That means less than half of the tokens are circulating in the market. The remaining more than 60%—@BabylonLabs_io —are still held by the team, early investors, ecosystem funds, and advisors, and they are gradually being released according to plan.

In the past few years, I’ve seen too many projects where the market cap looks great at first, but after a round of unlocks, it gets cut in half, then cut in half again. The reason is simply that they didn’t figure out in advance “how much is still not yet released.”

So don’t rush in just because the current price seems cheap. Pull up the unlock calendar first, take a look, and have a clear idea before deciding how to position your holdings. That’s the basic skill of old investors.

#baby

Personal observations only; not investment advice.
Article
$ZAMA In-Depth Breakdown: The Eve of the Unlock Storm—Is It a Gold Mine or a Death Trap?🔍 Missed $DEXE over the past two days, planning to get into \u003cc-137/\u003e. \u003cc-21/\u003e It’s been going up; today is a bit volatile—breakout or reversal could happen at any time. Today, in four dimensions, I’ll break down all the factors that could cause a big drop in one go for you👇 📉 Subtraction #1: Unlock pressure—550 million tokens Daily linear unlock amount: Growth: ~780,000 tokens Treasury: ~3.28 million tokens This scale isn’t big—won’t make much of a splash, so you don’t need to watch it every day. But the real danger is ahead—on August 2, 2026, there will be a one-time large unlock of as many as 550 million ZAMA tokens. Everyone, do the math yourselves—how many days are left until that date? Historically, large unlocks are often a watershed moment for market sentiment: whether to position early or to seek protection early is up to each person's judgment.

$ZAMA In-Depth Breakdown: The Eve of the Unlock Storm—Is It a Gold Mine or a Death Trap?

🔍 Missed $DEXE over the past two days, planning to get into \u003cc-137/\u003e.
\u003cc-21/\u003e It’s been going up; today is a bit volatile—breakout or reversal could happen at any time. Today, in four dimensions, I’ll break down all the factors that could cause a big drop in one go for you👇
📉 Subtraction #1: Unlock pressure—550 million tokens

Daily linear unlock amount:
Growth: ~780,000 tokens
Treasury: ~3.28 million tokens
This scale isn’t big—won’t make much of a splash, so you don’t need to watch it every day.
But the real danger is ahead—on August 2, 2026, there will be a one-time large unlock of as many as 550 million ZAMA tokens.
Everyone, do the math yourselves—how many days are left until that date? Historically, large unlocks are often a watershed moment for market sentiment: whether to position early or to seek protection early is up to each person's judgment.
Binance’s brothers have clearly noticed recently: Although today $BTC surged to 66k, the volume and follow-through still aren’t strong enough. Many project teams are tightening marketing budgets, which also confirms that overall market heat hasn’t fully returned yet. Hope everyone stays clear-headed: we’re currently in a bear market—don’t rush into going all-in. Wait until there are more obvious bull-market signals (a breakout with expanding volume through key resistance, continuous inflows of institutional capital, the mainstream narrative reigniting, etc.), then increasing your efforts won’t be too late. Preserve your principal—make it to the end.
Binance’s brothers have clearly noticed recently:

Although today $BTC surged to 66k, the volume and follow-through still aren’t strong enough. Many project teams are tightening marketing budgets, which also confirms that overall market heat hasn’t fully returned yet.

Hope everyone stays clear-headed: we’re currently in a bear market—don’t rush into going all-in. Wait until there are more obvious bull-market signals (a breakout with expanding volume through key resistance, continuous inflows of institutional capital, the mainstream narrative reigniting, etc.), then increasing your efforts won’t be too late.

Preserve your principal—make it to the end.
Article
Coming out of WAIC 2026: AI computing power is booming—hot and happeningYesterday in the Shanghai World Expo Exhibition Hall, I did a long run and my legs felt worn out—exhausting to the point of death. After attending WAIC 2026, I could only think of four words: overwhelming and everywhere. Over 100 chip models, 260+ large models, and hundreds of embodied intelligence robots! One quarter of the entire venue was devoted to computing power and embodied intelligence. Most people were amazed by how huge the parameters of large models are and how fast humanoid robots are developing. But as a Web3 person, standing between the H1 and H2 halls, what I’m thinking about is how the AI industry has surged and how Web3 can break through. Share a few thoughts from my first-person perspective at the WAIC event on-site for everyone’s reference:

Coming out of WAIC 2026: AI computing power is booming—hot and happening

Yesterday in the Shanghai World Expo Exhibition Hall, I did a long run and my legs felt worn out—exhausting to the point of death. After attending WAIC 2026, I could only think of four words: overwhelming and everywhere.
Over 100 chip models, 260+ large models, and hundreds of embodied intelligence robots! One quarter of the entire venue was devoted to computing power and embodied intelligence. Most people were amazed by how huge the parameters of large models are and how fast humanoid robots are developing. But as a Web3 person, standing between the H1 and H2 halls, what I’m thinking about is how the AI industry has surged and how Web3 can break through.
Share a few thoughts from my first-person perspective at the WAIC event on-site for everyone’s reference:
Article
AI stocks are partying; Bitcoin was seemingly dead in the early session—so why is it surging again?The Fed hasn’t cut rates, and the Middle East is fighting again. In all honesty, Bitcoin’s moves these past couple of days are a bit hard to read. This morning’s early session, Bitcoin briefly dipped to around $639,000. It moved in step with the rising Middle East situation and oil prices surging to a one-month high of $91, and I think it will keep falling. But not long after, $BTC the price quietly climbed back above $647,000, experiencing a complete cycle of "a shock, then a recovery" within a single day. On the surface, the reasons seem pretty straightforward: "Tensions in the Middle East are high, oil prices are up, and risk assets should fall." But last Friday’s global selloff in chip stocks (the origin was technical breakthroughs from China’s AI models like Kimi, which disrupted market expectations of the AI competition landscape) hasn’t been fully digested yet either. The South Korea Kospi index is down 3.5% as well.

AI stocks are partying; Bitcoin was seemingly dead in the early session—so why is it surging again?

The Fed hasn’t cut rates, and the Middle East is fighting again. In all honesty, Bitcoin’s moves these past couple of days are a bit hard to read.
This morning’s early session, Bitcoin briefly dipped to around $639,000. It moved in step with the rising Middle East situation and oil prices surging to a one-month high of $91, and I think it will keep falling.
But not long after, $BTC the price quietly climbed back above $647,000, experiencing a complete cycle of "a shock, then a recovery" within a single day.
On the surface, the reasons seem pretty straightforward: "Tensions in the Middle East are high, oil prices are up, and risk assets should fall."
But last Friday’s global selloff in chip stocks (the origin was technical breakthroughs from China’s AI models like Kimi, which disrupted market expectations of the AI competition landscape) hasn’t been fully digested yet either. The South Korea Kospi index is down 3.5% as well.
The total cryptocurrency market value today is approximately $2.3 trillion, compared to the historical peak of $4.38 trillion in 2025—down by $2.08 trillion. It has returned to the same position as in 2021–2022, which is 4 years ago exactly.
The total cryptocurrency market value today is approximately $2.3 trillion, compared to the historical peak of $4.38 trillion in 2025—down by $2.08 trillion.

It has returned to the same position as in 2021–2022, which is 4 years ago exactly.
Article
By Thinking of the Crypto World’s Survival Situation, Triggered by the U.S. Striking IranThe U.S. military is launching another round of strikes and a naval blockade against Iran. It made me think of a question: Why is it the U.S. that strikes Iran, not Iran that strikes the U.S.? That’s obviously ridiculous. Iran is a tiny little place—how could it possibly pluck the hair off the tiger’s head? I want to look at the crypto world from this perspective. 🐯 Why is it the U.S. that strikes Iran, not Iran that strikes the U.S.? Isn’t this question laughable? Iran has such a small place—how dare it pluck the hair off the tiger’s head? But this absurd comparison precisely reveals the most real side of the crypto world. Today we’re not talking about the headlines—let’s talk about the crypto world’s "underlying logic."

By Thinking of the Crypto World’s Survival Situation, Triggered by the U.S. Striking Iran

The U.S. military is launching another round of strikes and a naval blockade against Iran. It made me think of a question: Why is it the U.S. that strikes Iran, not Iran that strikes the U.S.?
That’s obviously ridiculous. Iran is a tiny little place—how could it possibly pluck the hair off the tiger’s head? I want to look at the crypto world from this perspective.
🐯 Why is it the U.S. that strikes Iran, not Iran that strikes the U.S.?
Isn’t this question laughable? Iran has such a small place—how dare it pluck the hair off the tiger’s head?
But this absurd comparison precisely reveals the most real side of the crypto world. Today we’re not talking about the headlines—let’s talk about the crypto world’s "underlying logic."
I didn’t really get it at first glance. After reading the comments, I finally understood: if a woman speaks less, she won’t get beaten. In the lawyer’s line, “Drink a little water in your mouth, then spit it out after he falls asleep,” was essentially advising her to shut up. Classic dark humor. This kind of “I don’t understand it” situation is actually quite common. It’s not that our understanding is bad; it’s that the person expressing it jumps too far without enough context and transitions. ------------------------------------------- 🎉 To sum it up: 🎉 😅 Spoken version: Normal conversation goes step by step. If you jump too much, people easily lose the rhythm and can’t tell what you’re trying to say. 🤫 Concise version: Good expression should be gradual and logically coherent. Overly jumpy expression will leave people completely baffled. 😘 Emphasize logic: Clear communication usually follows a reasonable logical sequence. If the content jumps too far and lacks necessary transitions, readers will struggle to follow your train of thought and may face comprehension barriers.2 🤐 Written version: Whether you’re writing an article or posting on Moments, your expression should be coherent and logical. Abrupt shifts in viewpoint, with no setup or buildup, increase the reader’s comprehension cost—and sometimes they can’t even figure out the author’s real intention. 🎉 One-sentence core: 🎉 Communication isn’t just for your own satisfaction—it’s so others can understand and see clearly. Clear logic and natural transitions are the foundation of effective communication.
I didn’t really get it at first glance.

After reading the comments, I finally understood: if a woman speaks less, she won’t get beaten. In the lawyer’s line, “Drink a little water in your mouth, then spit it out after he falls asleep,” was essentially advising her to shut up.

Classic dark humor.

This kind of “I don’t understand it” situation is actually quite common. It’s not that our understanding is bad; it’s that the person expressing it jumps too far without enough context and transitions.

-------------------------------------------

🎉 To sum it up: 🎉
😅 Spoken version: Normal conversation goes step by step. If you jump too much, people easily lose the rhythm and can’t tell what you’re trying to say.

🤫 Concise version: Good expression should be gradual and logically coherent. Overly jumpy expression will leave people completely baffled.

😘 Emphasize logic: Clear communication usually follows a reasonable logical sequence. If the content jumps too far and lacks necessary transitions, readers will struggle to follow your train of thought and may face comprehension barriers.2

🤐 Written version: Whether you’re writing an article or posting on Moments, your expression should be coherent and logical. Abrupt shifts in viewpoint, with no setup or buildup, increase the reader’s comprehension cost—and sometimes they can’t even figure out the author’s real intention.

🎉 One-sentence core: 🎉
Communication isn’t just for your own satisfaction—it’s so others can understand and see clearly. Clear logic and natural transitions are the foundation of effective communication.
Article
Tanzania has started regulating cryptocurrencies—so have the US and Europe. What does regulation in more than half of countries worldwide mean?🌍 Tanzania has started regulating cryptocurrencies—what does this mean? A recent news item that wasn’t “explosive” made me think a bit longer—in it, the governor of the Central Bank of Tanzania publicly said they have already completed a comprehensive study of cryptocurrencies, are waiting for government approval, and are preparing to introduce an official regulatory framework specifically to cover digital assets, cryptocurrencies, and stablecoins. Tanzania isn’t a major crypto country, so ordinarily this news would probably go unnoticed. But when you look at it alongside the actions taken in Europe and the US over the past two years, the picture looks different.

Tanzania has started regulating cryptocurrencies—so have the US and Europe. What does regulation in more than half of countries worldwide mean?

🌍 Tanzania has started regulating cryptocurrencies—what does this mean?
A recent news item that wasn’t “explosive” made me think a bit longer—in it, the governor of the Central Bank of Tanzania publicly said they have already completed a comprehensive study of cryptocurrencies, are waiting for government approval, and are preparing to introduce an official regulatory framework specifically to cover digital assets, cryptocurrencies, and stablecoins.
Tanzania isn’t a major crypto country, so ordinarily this news would probably go unnoticed. But when you look at it alongside the actions taken in Europe and the US over the past two years, the picture looks different.
Article
What happened to the Solana ecosystem three days after the PUMP unlock?On July 12, Pump.fun—the most popular meme coin launch platform on Solana—marked its one-year "unlock day." The team and early investors had locked 82.5 billion PUMP tokens and released them all at once after a full year; based on the then-current price, that was worth over $100 million. Three days have passed—let’s take a look at what actually happened. Unlocking did not trigger a crash. In theory, unlocking 20–30% of the circulating supply at once is the "bad news" many people were expecting. But according to the data, the PUMP price is actually moving upward—after rebounding about 29% from the historical low of $0.001155 on June 25, the quotes before and after the unlock hovered around $0.0015.

What happened to the Solana ecosystem three days after the PUMP unlock?

On July 12, Pump.fun—the most popular meme coin launch platform on Solana—marked its one-year "unlock day." The team and early investors had locked 82.5 billion PUMP tokens and released them all at once after a full year; based on the then-current price, that was worth over $100 million.
Three days have passed—let’s take a look at what actually happened.
Unlocking did not trigger a crash.
In theory, unlocking 20–30% of the circulating supply at once is the "bad news" many people were expecting. But according to the data, the PUMP price is actually moving upward—after rebounding about 29% from the historical low of $0.001155 on June 25, the quotes before and after the unlock hovered around $0.0015.
Binance’s 9th Anniversary Main Activities Summary (July 2026): 1. Core Themed Campaign: “Built by You” Co-creation Program Time: Throughout July (with a focus on around July 14) Rewards: Total prize pool exceeds $4.5M+ Content: Explore “Binance City”’s 9 major landmarks within the Binance App, complete the corresponding tasks (simple actions such as depositing, trading, and wealth management), light up the landmarks, and generate a personalized “Binance Story” poster. How to Participate: In the App, search for “Binance Turns 9” or go directly to the campaign page. ----------------------------------------------- 2. 9th Anniversary VIP-Exclusive Activities Time: Around July 9, 2026 ~ August 8, 2026 Three Reward Paths: - Upgrade VIP level (top 1,000 users upgrading to VIP1 can claim branded gifts) - Increase trading volume - High-level VIPs (VIP 7/8/9) can receive invitations to a private executive dinner (limited to 9 people) Suitable for users with a certain amount of trading activity. ----------------------------------------------- 3. Community Challenges and Task Campaigns A 9-day Discord challenge: prize pool 4,000 USDC; overall community challenge prize pool 7,000 USDC vouchers Share stories, create content, leave birthday/anniversary wishes in the community, etc. (the giveaway campaigns mentioned earlier also fall into this category) ----------------------------------------------- 4. Live Streaming and Offline Events July 14 live stream: leadership team + special guests (including Richard Teng, etc.), streamed simultaneously on Square / YouTube / X Prize pool: $9,000 Global offline meet-and-greet (global gathering) Chinese-language community creative campaign (topic submissions under #币安九周年 ; win 199U + themed gift box) ----------------------------------------------- 5. Other Small-Scale Activities Deposit and trading tasks (e.g., deposit 50U + trade 500U, etc., simple to claim rewards) Story sharing wall, “Year-in-Memory” activity Merchandise gifts, games, giveaways, and other prizes ----------------------------------------------- Participation Recommendation: Open the Binance App, search for “9th Anniversary” or “Binance Turns 9” to enter the official campaign page. For the most accurate information, rely on what is shown in the App. #币安九周年 #币安
Binance’s 9th Anniversary Main Activities Summary (July 2026):

1. Core Themed Campaign: “Built by You” Co-creation Program
Time: Throughout July (with a focus on around July 14)
Rewards: Total prize pool exceeds $4.5M+
Content: Explore “Binance City”’s 9 major landmarks within the Binance App, complete the corresponding tasks (simple actions such as depositing, trading, and wealth management), light up the landmarks, and generate a personalized “Binance Story” poster.
How to Participate: In the App, search for “Binance Turns 9” or go directly to the campaign page.
-----------------------------------------------

2. 9th Anniversary VIP-Exclusive Activities
Time: Around July 9, 2026 ~ August 8, 2026
Three Reward Paths:
- Upgrade VIP level (top 1,000 users upgrading to VIP1 can claim branded gifts)
- Increase trading volume
- High-level VIPs (VIP 7/8/9) can receive invitations to a private executive dinner (limited to 9 people)
Suitable for users with a certain amount of trading activity.
-----------------------------------------------

3. Community Challenges and Task Campaigns
A 9-day Discord challenge: prize pool 4,000 USDC; overall community challenge prize pool 7,000 USDC vouchers
Share stories, create content, leave birthday/anniversary wishes in the community, etc. (the giveaway campaigns mentioned earlier also fall into this category)
-----------------------------------------------

4. Live Streaming and Offline Events
July 14 live stream: leadership team + special guests (including Richard Teng, etc.), streamed simultaneously on Square / YouTube / X
Prize pool: $9,000
Global offline meet-and-greet (global gathering)
Chinese-language community creative campaign (topic submissions under #币安九周年 ; win 199U + themed gift box)
-----------------------------------------------

5. Other Small-Scale Activities
Deposit and trading tasks (e.g., deposit 50U + trade 500U, etc., simple to claim rewards)
Story sharing wall, “Year-in-Memory” activity
Merchandise gifts, games, giveaways, and other prizes
-----------------------------------------------

Participation Recommendation:
Open the Binance App, search for “9th Anniversary” or “Binance Turns 9” to enter the official campaign page. For the most accurate information, rely on what is shown in the App. #币安九周年 #币安
Article
DeFi Risk Control: Old vs. New — From “Hindsight” to “Pre-Transaction Security Checks"In the past few years, the way DeFi security incidents are handled has followed almost the same script: the hacker strikes, the community is outraged, the project team posts an announcement overnight, the audit firm’s retrospective report arrives late, and the insurance fund starts the payout—every step happens after the funds have already been drained. This is a typical “hindsight” style of risk control: the monitoring system handles alerts, the audit handles reviewing old ledgers, the payout handles damage control, and only one thing is missing—no one stops it before the transaction happens. The issue is that on-chain fund transfers are irreversible. By the time the risk control system identifies abnormal patterns, triggers alerts, and an engineer manually intervenes to verify, the attacker has already completed the first step: moving the assets and beginning the laundering path. Traditional audits are more like a “medical report,” reflecting the health status at some historical point in time; they cannot cover new code changes, adjustments to strategy compositions, or newly introduced risk surfaces brought by cross-protocol interactions after the audit.

DeFi Risk Control: Old vs. New — From “Hindsight” to “Pre-Transaction Security Checks"

In the past few years, the way DeFi security incidents are handled has followed almost the same script: the hacker strikes, the community is outraged, the project team posts an announcement overnight, the audit firm’s retrospective report arrives late, and the insurance fund starts the payout—every step happens after the funds have already been drained. This is a typical “hindsight” style of risk control: the monitoring system handles alerts, the audit handles reviewing old ledgers, the payout handles damage control, and only one thing is missing—no one stops it before the transaction happens.
The issue is that on-chain fund transfers are irreversible. By the time the risk control system identifies abnormal patterns, triggers alerts, and an engineer manually intervenes to verify, the attacker has already completed the first step: moving the assets and beginning the laundering path. Traditional audits are more like a “medical report,” reflecting the health status at some historical point in time; they cannot cover new code changes, adjustments to strategy compositions, or newly introduced risk surfaces brought by cross-protocol interactions after the audit.
Article
WebX 2026 Conference Opens in TokyoToday (July 13), a huge technology event is kicking off in Tokyo, Japan! This event is called "WebX 2026". It runs for two days and will only end tomorrow (July 14). What kind of gathering is this? People from all over the world who work on digital currencies and internet new technologies will fly to Tokyo to get together, chat, and share ideas. Last year, more than 14,000 people came to this event, and 165 companies participated—so it was incredibly lively! Who will attend? This time, two "big shots" are coming: Japan’s prime minister (basically Japan’s "head of the family") will say hello to everyone via video

WebX 2026 Conference Opens in Tokyo

Today (July 13), a huge technology event is kicking off in Tokyo, Japan! This event is called "WebX 2026". It runs for two days and will only end tomorrow (July 14).
What kind of gathering is this?
People from all over the world who work on digital currencies and internet new technologies will fly to Tokyo to get together, chat, and share ideas.
Last year, more than 14,000 people came to this event, and 165 companies participated—so it was incredibly lively!
Who will attend?
This time, two "big shots" are coming:
Japan’s prime minister (basically Japan’s "head of the family") will say hello to everyone via video
Article
Bitcoin Satoshi Nakamoto Ownership Case to Continue Hearing on July 14Summary A lawsuit in New York involving the ownership of related Bitcoin wallets (including a Satoshi Nakamoto wallet) was accepted by the court, Judge Kathy J. King of the Supreme Court of New York scheduled a hearing for 10:30 a.m. on July 14 at 60 Centre Street in New York. The dissenting opinion claims that the lost-property law does not apply to self-custodied Bitcoin. Background: Noah Doe, a US man living in New York (using a false name to sue). Seeing that many Bitcoin wallets had not moved for a long time, he went to the New York courts to file a complaint, hoping the court would award these wallets (possibly including those belonging to Satoshi Nakamoto) to him as things he had found.

Bitcoin Satoshi Nakamoto Ownership Case to Continue Hearing on July 14

Summary
A lawsuit in New York involving the ownership of related Bitcoin wallets (including a Satoshi Nakamoto wallet) was accepted by the court,
Judge Kathy J. King of the Supreme Court of New York scheduled a hearing for 10:30 a.m. on July 14 at 60 Centre Street in New York.
The dissenting opinion claims that the lost-property law does not apply to self-custodied Bitcoin.
Background:
Noah Doe, a US man living in New York (using a false name to sue). Seeing that many Bitcoin wallets had not moved for a long time, he went to the New York courts to file a complaint, hoping the court would award these wallets (possibly including those belonging to Satoshi Nakamoto) to him as things he had found.
Article
VaultKit's Trust See-SawNewton Protocol’s VaultKit architecture combines TEE (trusted execution environment) and ZKP (zero-knowledge proofs). The official narrative is "dual validation, minimizing trust." But if you take it apart carefully, this combination contains a trade-off that hasn’t been discussed thoroughly. The security of TEE is built on the credibility of hardware vendors—whether it’s Intel SGX or similar solutions, issues such as side-channel attacks and memory leaks have been exposed over the past few years. In other words, VaultKit’s first layer of protection is essentially "trusting that the chip vendor hasn’t been compromised." This conflicts with the philosophy of purely on-chain verification.

VaultKit's Trust See-Saw

Newton Protocol’s VaultKit architecture combines TEE (trusted execution environment) and ZKP (zero-knowledge proofs). The official narrative is "dual validation, minimizing trust." But if you take it apart carefully, this combination contains a trade-off that hasn’t been discussed thoroughly.
The security of TEE is built on the credibility of hardware vendors—whether it’s Intel SGX or similar solutions, issues such as side-channel attacks and memory leaks have been exposed over the past few years. In other words, VaultKit’s first layer of protection is essentially "trusting that the chip vendor hasn’t been compromised." This conflicts with the philosophy of purely on-chain verification.
Verified
Article
AVS Restaking Network: Who is really building Newton’s “lock”?Newton Protocol defines itself as the on-chain “compliance-as-code” layer—strategies are hard-coded in the Rego language, executed inside a TEE by a decentralized operator network, while ZKPs are responsible for proving the computation hasn’t been tampered with. Sounds great, but a closer look at the AVS architecture reveals a crucial premise: the strength of the entire trust model depends on whether the number of operators re-staked through EigenLayer and the size of their stake are sufficiently diversified. The reality is that the protocol is still early, with only a limited number of active operators. And the June 24 one-time unlock of 139 million $NEWT (about 37% of the circulating supply at the time) is also a reminder that economic security and technical security of the network are two independent curves that can’t vouch for each other. Even if the strategy is written very rigorously, if only a handful of operators are running it, “trustlessness” in essence still means “trust a few people.”

AVS Restaking Network: Who is really building Newton’s “lock”?

Newton Protocol defines itself as the on-chain “compliance-as-code” layer—strategies are hard-coded in the Rego language, executed inside a TEE by a decentralized operator network, while ZKPs are responsible for proving the computation hasn’t been tampered with. Sounds great, but a closer look at the AVS architecture reveals a crucial premise: the strength of the entire trust model depends on whether the number of operators re-staked through EigenLayer and the size of their stake are sufficiently diversified.
The reality is that the protocol is still early, with only a limited number of active operators. And the June 24 one-time unlock of 139 million $NEWT (about 37% of the circulating supply at the time) is also a reminder that economic security and technical security of the network are two independent curves that can’t vouch for each other. Even if the strategy is written very rigorously, if only a handful of operators are running it, “trustlessness” in essence still means “trust a few people.”
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Bitcoin touched the 64,400 line again—totaling 307 days at this level in historyFirst, clarify the timeline. In October 2025, Bitcoin surged to an all-time high of 126,000. After that, it began to fall, dropping all the way to around 64,000 today. This week, Bitcoin also touched the 64,400 line again, but there wasn’t a noticeable increase in buyers. Glassnode said that if you add up all the days in Bitcoin’s history when the price was between “60,000 and 70,000,” the total comes to 307 days. This record ranks third. The top two are from 2018 (10,000 to 20,000) and 2022 (20,000 to 30,000). It’s important to note: the 307 days is not “how long it has stayed continuously after this drop.” Instead, it’s the total number of days across several separate periods throughout history. It includes the stretch of time after the drop from 126,000 to this level, and it also includes earlier periods when Bitcoin had also traded at these prices. It wasn’t one uninterrupted stretch.

Bitcoin touched the 64,400 line again—totaling 307 days at this level in history

First, clarify the timeline.
In October 2025, Bitcoin surged to an all-time high of 126,000. After that, it began to fall, dropping all the way to around 64,000 today. This week, Bitcoin also touched the 64,400 line again, but there wasn’t a noticeable increase in buyers.
Glassnode said that if you add up all the days in Bitcoin’s history when the price was between “60,000 and 70,000,” the total comes to 307 days. This record ranks third. The top two are from 2018 (10,000 to 20,000) and 2022 (20,000 to 30,000).
It’s important to note: the 307 days is not “how long it has stayed continuously after this drop.” Instead, it’s the total number of days across several separate periods throughout history. It includes the stretch of time after the drop from 126,000 to this level, and it also includes earlier periods when Bitcoin had also traded at these prices. It wasn’t one uninterrupted stretch.
GRVT, as a non-custodial derivatives trading platform, combines order book matching with on-chain settlement, using zero-knowledge proofs to verify the correctness of trades—while not custodizing users’ private keys. This hybrid architecture of a “centralized trading experience + on-chain verifiable settlement” aims to address the long-standing issues where CEXs are efficient but opaque, while DEXs are transparent but offer a poor user experience. Of course, whether the matching engine itself is fully decentralized, and how the verification cost of ZK proofs will be shared, remain open questions worth continued attention. Which do you care more about: trading experience or self-custody of assets? @grvt_io #grvt (Personal views only; this does not constitute investment advice. Please do your own research and be mindful of risks.)
GRVT, as a non-custodial derivatives trading platform, combines order book matching with on-chain settlement, using zero-knowledge proofs to verify the correctness of trades—while not custodizing users’ private keys.

This hybrid architecture of a “centralized trading experience + on-chain verifiable settlement” aims to address the long-standing issues where CEXs are efficient but opaque, while DEXs are transparent but offer a poor user experience.

Of course, whether the matching engine itself is fully decentralized, and how the verification cost of ZK proofs will be shared, remain open questions worth continued attention. Which do you care more about: trading experience or self-custody of assets?
@grvt_io #grvt
(Personal views only; this does not constitute investment advice. Please do your own research and be mindful of risks.)
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