BTW0205

My enlightenment goddess, Teacher Mitsu Kami is also going to issue coins.

But why only for export and not for domestic sales?

What does it mean, Japanese people don't cut their own people?🥲

🚨Major global currency supply has reached a historic high——

🇺🇸 US Dollar ➡ New High
🇪🇺 Euro ➡ New High
🇨🇳 Renminbi ➡ New High
🇯🇵 Yen ➡ Close to New High

More and more money, value becoming increasingly scarce.

In this environment, Bitcoin is not just an asset; it feels more like a lifeboat, the only rational response to 'infinite money printing.'

The world is diluting your purchasing power, only #Bitcoin is safeguarding your time value.

Watch closely, in the next 10 years, those who do not hold quality crypto assets will witness through their sweat and tears: what is lost is not just the appreciation of money but also the sovereign freedom of personal property!

Trump's 100 Days in Office, the Crypto Market has Evaporated $537 Billion in Market Value——

Make Crypto Great Again！

This must be a long-term thing.

At the beginning of the month, there has been no news by the end of the month. What's going on with @ethena_labs? Will the S3 airdrop be released? 😂

Bitcoin has not stabilized at 95,000——

The market has once again entered chaos, and this is how the market is; when there is no clear direction, volatility becomes the norm,

and the curse of always falling during gatherings continues!

Everyone needs to get used to this rhythm, strip away those bizarre events, and focus on their own hearts!

Issuing lawyer letters to retail investors, is this serious? Does mainland law support it?

I really want to know if these two images are real, can someone related provide some accurate information!

If it's true, I feel like this approach will backfire! 😳

This matter needs to be viewed from several details to see the whole picture —

1⃣ Responsibility attribution issue: Platform or user?

The essence of the abnormal fluctuation of $VOXEL is a chain liquidation and abnormal transactions caused by Bitget's system vulnerability.

Logically speaking, the platform, as the system provider, bears absolute responsibility for the stability of the system. The bug itself is the original sin.

When the bug vulnerability is exploited, besides blaming the arbitrageurs, are there not two other questions —

Who allowed the arbitrage opportunities to exist?
Who exposed retail investors to risks?

2⃣ Is selective law enforcement really a problem?

After the incident, I feel that Bitget's public relations response was not adequate; the soothing measures were insufficient, and the direct blanket approach amplified the voices of doubt, leading more people to start writing denunciation letters.

This wave may indeed have hurt some vital artery of Bitget. If freezing accounts and rolling back trades can be understood from the perspective of CEX,

then now issuing a lawyer's letter is equivalent to telling the market —

When the system goes wrong, if you win, we don't acknowledge it; if you lose, you bear it yourself.

This is actually a very dangerous signal, undermining the platform's long-term credibility, and not just a single arbitrage.

Because this seems to have not solved the problem, but instead exposed the dual issues of "system fragility + damaged credibility."

CeFi platforms are already facing a liquidity competition, and this feels like cutting off their own future.

After the VOXEL incident, more users will only accelerate their migration to platforms with higher transparency and more standardized governance, or turn to DEX.

3⃣ Can this lawyer's letter actually have an effect?

Returning to the lawyer's letter itself, assuming it is real, there may be several problems —

1. The legal positioning of "cryptocurrency trading disputes" in mainland China is quite awkward.

According to the official classification in 2021, cryptocurrency is considered illegal financial activity in mainland China and is not legally protected.

This means that once a cryptocurrency dispute arises, the buying and selling behavior itself is not recognized in the mainland court system.

In simple terms: the bets in the crypto circle are essentially illegal acts, and nobody can sue anyone.

2. Lawyer's letter ≠ lawsuit. It is more about applying pressure and lacks enforcement power.

A lawyer's letter is merely a means of civil pressure, not a court filing notice.

In the mainland environment, especially regarding lawyer letters involving crypto assets, it is more about psychological deterrence, not real utilization of public power for sanctions.

3. The actual execution difficulty is extremely high.

Involving crypto arbitrage, funds usually flow to overseas exchanges/blockchain addresses, lacking effective judicial execution pathways.

For Bitget to truly hold arbitrage users accountable, it must prove:

① The system vulnerability indeed led to "illegal profits"
② The profit-making behavior violates criminal law or civil law provisions
③ And the behavior occurred within the jurisdiction of mainland judicial authority

➡️ The reality is that the probability of Bitget achieving these three points is infinitesimally close to zero.

So, the path they want is simply: I want to report this to the police, and if you are really afraid of something being uncovered, then just obediently return the money.

4⃣ My viewpoint —

The authenticity of this lawyer's letter is questionable; if it is true, I believe it is more of a public relations move, not a genuine desire to wage a cross-border, cross-jurisdictional litigation battle.

In the crypto circle, technology is faith, and credit is lifeblood. The system can be repaired if it crashes, money can be earned if it's lost, but if credit collapses, it's basically a death sentence.

What can truly deter retail investors is not the lawyer's letter, but:

The security of the platform's system
The platform's ability to restore credibility
The platform's genuine protection attitude towards user rights

If an important financial infrastructure relies solely on issuing letters to plug holes, then what will ultimately be lost is not just the amount of a single arbitrage, but the future trust of users in the entire ecosystem.

Considering the speed of the FTX collapse back then, this is very frightening!

Is Ethos the standard for on-chain reputation of the future? Registration experience + project outlook!

Currently, I have only registered for Ethos @ethos_network and still don’t know how to play;

Here’s how I understand it:

Ethos essentially aims to create a decentralized reputation system —

Using blockchain-verifiable methods to record the 'contribution', 'credit', and 'social capital' of every individual/every project/every organization.

Just like Web2 has LinkedIn and Glassdoor, Web3 has a bunch of DIDs and reputation projects, but Ethos wants to achieve:

"Your on-chain behavior, contributions, and reputation generate a dynamic credit score."

Moreover, they have incorporated the concept of user annotations, which indeed feels a bit like 'human AI': everyone helps write short reviews of projects/individuals, and the system then accumulates scores (XP) and reputation based on these actions.

While writing reviews, I found that it somewhat resembles the feeling of AI annotations, giving ratings and comments on projects or some individuals;

So the next question arises —

What does everyone think about the Ethos project?
Does the project have potential?
How can someone like me, who is relatively lazy and doesn't want to do so many tasks, play it well?
What value will the scores hold in the future?

🚨NFT Holders' Harsh Lesson丨Big Players Retreat, Beliefs Shattered！

RTFKT —— The Web3 star project that Nike proudly acquired back in the day, has now, in less than three years, been shut down with all NFT assets reduced to electronic waste.

NFT holders have collectively filed a lawsuit, seeking over $5 million in damages. The core accusation of the lawsuit is:

Had they known Nike would withdraw, they would never have purchased these NFTs at the high prices back then, or even would not have made a move at all.

I can only say that the NFT market after the "value return" is truly heartbreaking!

In a market environment lacking growth and losing existing value, all previous factors for price increases will be weakened. We may need to consider three questions —

Has the fundamental logic of NFT projects changed?
Is the narrative of brand NFTs being debunked?
What should we learn and realize at this stage?

1⃣ NFTs are not on-chain amulets; they are extensions of brand credibility.

所谓链上确权, which is on-chain rights confirmation, is merely proof of asset ownership, not a promise of eternal value.

Many people buy RTFKT not for the NFTs themselves but for their confidence in Nike's future investments in Web3. Once Nike, the "parent company," withdraws, NFTs are like balloons that have lost air, poof — gone.

This is not an isolated case. Many Web2 giants have boldly entered Web3, mostly as a side business, wanting to share a piece of the pie. When the wind changes, they flee faster than anyone else, like Meta and Reddit.

When investing in brand NFTs/tokens, the future should have one ironclad rule: first assess whether the "parent company" is genuinely committed to Web3.

Of course, this is hard to discern, as those who initially wanted to make money in Web3 must have been sincere. Perhaps in the future, I can only trust companies like MicroStrategy that buy regardless of bull or bear markets.

2⃣ In the future, "self-inflicted amputations for survival" will become the norm, not an exception.

In the eyes of traditional giants, Web3 projects are often just brand laboratories, a marketing option, not a vital mainstay. Like Nike, the money made from selling shoes and clothes is definitely much more than from selling NFTs.

As the macro environment tightens, big players will increasingly "optimize assets" and reduce "exposure to non-core businesses."

NFT projects, metaverse projects, blockchain gaming projects — any that cannot quickly generate profits may become the next sacrifices, the first to be ruthlessly cut.

As for this lawsuit?

It will likely be protracted with no outcome. Even if successful, for a giant like Nike, $5 million is just a drop in the bucket, like losing a shoelace, insignificant compared to the torment endured by retail investors.

3⃣ What can we learn? What should we do?

I think at this stage, when we invest, we can no longer be satisfied with DYOR (Do Your Own Research), but may need to DYOE (Do Your Own Expectations).

Expectations should be underestimated, and risks overestimated;

Traditional companies, market makers, project parties, exchanges, and pump forces cannot be relied upon to backstop your assets.

In the world of Web3, the only enduring value has never been the brand halo or the white paper narrative, but rather the depth of your understanding of risks and opportunities.

From specific cases to broader trends, NFTs are just a microcosm of the market, and we may all need to learn and implement the following points:

1. Any asset that heavily relies on a single enterprise or individual's halo should be approached with caution. Recognize the inherent risks associated with "brand linkage" before taking action according to your risk margins.

2. Focus on truly on-chain, decentralized projects. Whether it's blue-chip NFTs, DeFi tokens, or on-chain native assets, build a strong anti-risk investment portfolio.

3. Do not easily "tie yourself down" to any single project; cultivate a flexible and calm exit strategy. Web3 is a dynamic world, and positions and expectations must also be adjusted dynamically. When encountering signals of abnormal changes (team changes, strategic shifts, weakening ecological flow), be decisive in reducing your position.

4. Everyone can tell a good story, but what the market pays for is the ability to deliver. Maintain skepticism, independent thinking, and avoid being swayed by emotions and short-term hype; this is key to going far. Keep learning, and do not become a hostage to narratives!

Not afraid of being laughed at —

I still haven't recouped my investment from the surge of Alpaca;

However, thanks to this increase, I cleared all my spot positions today, never to see them again!

Now, it's unbelievable that there's a delisting trend, truly something I've never seen before!

⚡️History does not repeat itself, but data shows that when the US dollar index falls below 100, it often marks the starting point for a #Bitcoin surge —

-- April 2017: DXY fell below 100, Bitcoin rose from about $1,200 to $17,600, an increase of over 1,300%.

-- May 2020: DXY fell below 100 again, Bitcoin rose from about $9,500 to $57,500, an increase of about 500%.

-- November 2022: DXY plummeted, Bitcoin rose from about $15,500 to $69,000, an increase of over 300%.

All three rounds demonstrate the logic of "Dollar depreciation → Bitcoin appreciation."

While we cannot mechanically seek a solution, a dollar value below 100 might be seen as a signal for a cycle switch:

Current market liquidity expectations are improving + ETF effects have not yet fully materialized + the cycle is entering a recovery phase, so there is a probability space for Bitcoin to experience another strong upward movement.

From an asset allocation perspective, three recommendations:

✅ Continue dollar-cost averaging but avoid chasing highs; the cycle is not over, the structure is not at a peak, but the price is no longer cheap. Maintain the mindset that 'slow is fast.'

✅ Continue to leave a 20-30% US dollar-based safety margin.

✅ Pay attention to opportunities for "sector rotation."

Image From: Jinshi

🧐 #Binance has launched the Alpha Points scoring system as a qualification screening criterion for TGE airdrop participation;

This article is a comprehensive explanation of the Alpha Points mechanism: How TGE screens participants, how to earn points, and how to secure positions——

1. How to check:

Click on News in the More Services section of the App, or search for "Alpha Points" within the App to find the related page.

I currently see that my score is 62 points;

The page information shows that Binance Alpha Points is a scoring system:

Used to evaluate user activity in the Binance Alpha and Binance Wallet ecosystems, determining whether you qualify to participate in activities such as Token Generation Event ( #TGE ) and Alpha token airdrops.

Binance Alpha Points are calculated daily based on the total of your asset balance on the Binance exchange and the amount of Alpha tokens purchased from your non-custodial wallet address.

Currently, selling Alpha tokens will not contribute to Alpha Points. Alpha Points are the daily accumulated total of balance points and trading volume points over the past 15 days.

2. Five summaries:

1️⃣ The scoring system looks at balance + trading volume, both the Alpha zone of the exchange and Alpha in the web3 wallet can be counted. Currently, selling does not count for points,

2️⃣ The scoring period is based on the past 15 days, so if you continue to buy in increments of 100U, it might be better to operate daily;

3️⃣ Selling does not count for points. According to this requirement, you need to hold Binance Wallet Alpha assets, frequently buying and selling to earn points, which carries some risk of volatility;

4️⃣ This should increase the buying volume in the active Alpha zone and establish a relatively fair basis for TGE airdrops. Everyone can pay attention to quality assets in Alpha; there may be a rise soon!

5️⃣ If it’s not for investment and purely for earning points, I recommend relatively stable pools with less wear and tear for scoring, such as coins on the BSC or BASE chains;

$ZORA $BANK $STO

@binancezh @BinanceWallet

Which tokens in your holdings have surged the most during this rebound?

Remember, during a volatile period, focus on strong coins——

Strong coins tend to perform better during the oversold rebound phase; strength means that capital and sentiment are still present, leading to more continuity in the future.

On the contrary, those altcoins that are completely inactive are likely abandoned by the market, in a state of being discarded or temporarily set aside, giving up on recovery.