Whoa, I just saw this chart in the square, and I'm completely stunned. This isn't trading; it's practically a real-life 'suicidal attack'.
Brothers, did you see clearly? This dude went short on $LAB at 0.68, and now the price has skyrocketed to 4.7. He's sitting on a paper loss of $487,000, with a return rate of negative 85.95%. What's heartbreaking is his message: he's mortgaged his house and car, and has been margin-calling ever since; he really can't borrow any more money now. The liquidation price is at 5.29, just a step away from the current price.
Honestly, looking at this chart really reminds me of my past self. That desperate feeling of watching the price jump toward the liquidation line while being completely powerless is enough to drive anyone insane. This isn't shorting; it's like playing a 'life swap' game with the market makers. You thought 0.68 was a high point, but the market makers are telling you there's always a higher high.
What I admire (and feel sorry for) is his obsession. Going all-in short with 1x leverage, enduring nearly a 7x increase. That takes some serious 'courage' and a thick wallet, huh? But the trading market doesn’t care about tears, and definitely doesn’t believe in 'holding on for dear life'. You try to reason with the market makers, but they just want to drain your last drop of blood. $BTC #LAB
Wow, this guy made 140,000 times his investment in 14 years. Who else can be as awesome as him? In 2011, he spent less than $8,000 to buy 10,000 $BTC , when one Bitcoin was only $0.78.
So what happened? He just held on for 14 years! By October 2025, when Bitcoin broke through $109,000, he sold everything and cashed out over $1 billion. A 140,000 times return, this is not just investment, this is simply like cultivating immortality.
To be honest, what I admire most is not that he bought early, but that he was able to hold on. Over these 14 years, he experienced hundreds of crashes and endured four long bear markets lasting several years. How many times did the market halve, how many times did the media shout 'Bitcoin will go to zero', and he never wavered once. This kind of determination is really not something ordinary people can possess.
I used to have quite a few good stocks, but I sold when they rose two or three times, and cut losses when they fell by 20%. Seeing others get a 140,000 times increase, I can only mock myself: people like us who can't hold on deserve to miss out on big money.
Risk Warning: This kind of 'get rich quick myth' is an extreme case of survivor bias. Just because he made a fortune after 14 years, don’t think you can do the same. Investment requires caution; first, ask yourself if you can withstand a 90% drawdown.
What do you think? If you bought 10,000 Bitcoins in 2011, could you still hold on until now? Be honest in the comments, at which point would you get off the ride? $BTC
Trading Recap: This trade wasn’t about guessing 1666. The key is how to stack profits along the way. For this long position of $SNDK , the entry average price was 1317.33, the average closing price was 1569.15, and with 20x leverage the final profit was 155847 USDT, a return rate of 382.32%. Last night, the price broke above 1530. The pullback to 1492 didn’t break the structure, and that’s when I saw the upside space to 1666. But the three take-profit levels aren’t for choosing just one—it's about managing the position in batches. When the price was around 1572, I took profit on 30% first, putting some floating gains into my pocket. Then, on the pullback between 1566 and 1555, since the structure hadn’t turned bad, I used the released portion to add back. This lowers the average holding cost while keeping enough “ammo” for another push higher. The added portion doesn’t need to be held all the way—around 1626, I close it out and complete a cycle of “take profit — rebuy — take profit again.” The core of this approach isn’t frequent trading, but assigning different roles to different lots: the core position handles the main trend, the tactical position uses pullbacks to increase profit, and staged take-profits control drawdown. Those three take-profit points are one continuous execution route, not three separate multiple-choice options. Of course, a recap always looks smooth. In real trading, if the pullback breaks below 1492, the original breakout logic is invalid, and you must stop adding. With 20x leverage, your tolerance is extremely low—getting the direction right doesn’t mean you can manage the position any way you like. What’s your trading strategy? Everyone can exchange ideas with each other. #亚洲股市因芯片股反弹上涨 #闪迪
Morning market update: The Nasdaq rose 1.34%, while the semiconductor index surged more than 5%. After all, AI trading finally got a breather. $BTC also pushed up to around $66,600. But as Brent crude broke above $91, this rebound still carries a clear sense of unease. Overnight funds returned to buy chip stocks: Micron jumped 12.2%, and Nvidia rose about 2%. The S&P 500 and the Dow closed up 0.85% and 0.76%, respectively. In Asia, the repair trend continued. On Tuesday, the KOSPI rebounded 3.6%, and this morning Japan’s Nikkei rose about 1.3%. Tokyo Electron and SoftBank led the gains. High-beta assets that were heavily sold off in recent days are starting to recover, but that still doesn’t mean the AI valuation adjustment is already over. The trouble is in bonds and energy. Middle East shipping risks pushed Brent crude to $91.08, while the U.S. 10-year Treasury yield rose to 4.64%, the highest level since May. Tech stocks are rising on expectations for earnings, but the valuation side is once again facing dual pressure from both high oil prices and high interest rates. The crypto market is also warming up in line with improving risk appetite. BTC is around $66,650, reaching the highest level since early June; $ETH is about $1,935, continuing to hold above the $1,900 mark. U.S. spot Bitcoin ETFs have previously seen consecutive days of net inflows, providing spot support for the rebound. Today, the focus is on whether BTC can break above $68,000 with higher volume, and whether the Alphabet and Tesla earnings reports can hold up the AI rebound. If oil prices keep climbing and Treasury yields stay above 4.65%, last night’s optimism may cool down quickly. Are you going long or short today? $NVDAB #比特币ETF连续五日净流入创五月来最长 #亚洲股市因芯片股反弹上涨
SK Hynix price differences across three regions: Where is the opportunity behind 115% funding fees?
As of July 21, SK Hynix’s Korean stock is about 1,786,000 KRW, and Hyperliquid’s SKHX is about $1201. Both mainly fluctuate around the same value after currency conversion; the truly exaggerated price gap, instead, appears in the US ADR. First, clarify the relationships among the three assets: Korean stock 000660: 1 share of SK Hynix common stock, traded in won (KRW). US stock SKHY: 10 shares of ADR represent 1 share of Korean common stock, i.e., 1 ADR corresponds to 0.1 share. Hyperliquid SKHX: 1 contract tracks 1 share of Korean stock, and an oracle converts the KRW price into USD. Based on the SKHX price of $1201.4 in the screenshot, the theoretical value corresponding to each ADR is about $120.14. SKHY (US stock) closed on Monday at $151.16, and after hours it was about $153.85. Compared with the theoretical value, this represents a premium of about 25.8% and 28.1%, respectively.
$CRON.US Citadel invested $400 million—why isn’t CRO moving higher? Citadel Securities put $400 million into Crypto.com, valuing it directly at $20 billion. After the $CRO news, it briefly surged to around $0.07, but now it’s back at $0.0578. Good news is out, yet the follow-on buyers didn’t stick around. This deal is high quality. It’s Crypto.com’s first institutional funding in its ten-plus years of existence. The funds will be used for tokenized securities and derivatives. What Citadel Securities brings isn’t just cash—it also includes traditional finance market-making, liquidity, and access to institutional order flow. As the company’s valuation grows, the first beneficiaries are Crypto.com’s shareholders. Whether CRO can share the value depends on whether the trading platform’s new users, fees, and asset issuance ultimately translate into CRO staking, Gas consumption, or ecosystem demand. They’re related, but there’s no direct revenue-sharing linkage. On-chain data hasn’t caught up to the $20 billion story—for now. Cronos’s current TVL is about $261 million, and the stablecoin supply is roughly $180 million. Over the past 24 hours, DEX trading volume was only about $770,000, active addresses were 2,744, and network fees were around $64. Compared with CRO’s roughly $2.72 billion circulating market cap, on-chain economic activity still looks relatively weak. The “chips” also aren’t light. CRO’s circulating supply is about 47.27 billion tokens, with a maximum supply of 100 billion—so the circulating rate is around 47%. Remaining supply not entering the market immediately doesn’t mean dilution won’t happen over the long run; it can’t be removed from the valuation story. The market’s answer is straightforward: on the news day, CRO topped out near $0.07, then pulled back by about 17%. The current $0.056–$0.057 area is the first line of defense. If it breaks, it suggests the institutional-funding premium from this round has largely been given back. On the upside, look first to $0.060, but the real trapped-holder pressure is still around $0.068–$0.070. Citadel is investing in a trading platform’s future, but the market still needs to determine whether CRO is an equity-like entry point into that business—or mainly an ecosystem token that absorbs sentiment. The two valuations work completely differently. Do you believe in Cronos’s narrative, or in the future of compliant trading? #特朗普同意加密法案道德条款
Morning market update: Brent crude oil rises to $89.22 and the 10-year U.S. Treasury yield is approaching 4.60%. Middle East risks have reignited inflation anxieties, but $BTC still stays above $65.3K. The market shows a divergence of “cautious equities, stronger crypto.” Overnight, U.S. stocks failed to extend the early-session rebound: the S&P 500 fell 0.2%, the Dow dropped 0.6%, and the Nasdaq closed near flat. The AI sector temporarily stemmed losses—Nvidia rose 0.2% and AMD gained 1.6%—but it’s clear that investors are waiting for this week’s earnings from major players like Alphabet and Tesla to demonstrate how much profit the AI investment can generate. Asia’s pressure is more direct. The KOSPI fell 4.46% on Monday to 6,516 points. Samsung Electronics and SK Hynix dropped 4.31% and 4.23%, respectively, with a leveraged ETF amplifying volatility even further. This morning, Korean stocks rose then weakened, while Japan’s Nikkei rebounded by about 1.15%. Risk appetite across the region has not yet formed a consistent recovery. The crypto market, however, looks more resilient. As of this morning, BTC is around $65,350, up 0.7% over the past 24 hours; $ETH is about $1,914, up 2.4%, and the ETH/BTC ratio continues to climb. At the moment, it looks more like capital is doing short-term rotations from high-volatility AI assets into Crypto, rather than a full return to risk-on. Today to watch: whether BTC can hold above $65,000, whether ETH can break through $1,943, and whether oil prices will push back up toward $90. If Treasury yields continue to rise, crypto rebounds may also be compressed. Are you bullish or bearish today? #韩股与纳斯达克相关性近两年高位 #WTI原油涨2%至84美元
Financial Times warns: U.S. stock valuations are approaching the extreme levels seen before the 1929 crash—and most importantly, in July 2026 they reached a multiple of 41.4x.
This article was published in the Financial Times. The author, Martin Wolf, is the Chief Economics Commentator for London (Financial Times). He was awarded the Commander of the Order of the British Empire (CBE) in 2000 for “contributions to financial journalism.” In the autumn of 1929, one of the United States’ most outstanding economists, Irving Fisher, claimed: “Stock prices seem to have already risen to a permanent plateau at a high level.” It turned out that this became one of the most incorrect predictions in history. Not long after, U.S. and global stock markets suffered a major crash, followed by the Great Depression. Some scholars believe that, from an analytical perspective, Fisher was not wrong: in 1929, the market indeed correctly valued the U.S. capital stock.
19 years ago, a 20-year-old Messi held a 5-month-old Yamal and took a charity photo. Nineteen years later, the two met again in the World Cup final—yet stood at the opposite ends of champion and runner-up. Spain defeated Argentina 1-0 in extra time and lifted the World Cup for the second time. What decided the match was not the “fated protagonist” dramatized in the short clip, but Ferran Torres, who came on as a substitute and scored in the 106th minute. Spain managed 20 shots in the match, while Argentina didn’t register their first shot until extra time. In the end, victory and defeat came first from tactics and overall strength. But what the internet remembers—somehow—are Messi and Yamal. That 2007 photo of “Messi bathing a baby” is indeed real. It came from a charity calendar created through cooperation between Mundo Deportivo and UNICEF. Yamal’s family joined the shoot through a lottery drawing, and the photographer at the time had no idea this baby would later become a Spain international. Today, netizens have turned the old photo, match footage, and visual effects into a 19-year “fate film.” Even the emotional value surpasses the final itself: Messi is 39 now and may have completed his final World Cup journey; Yamal is 19 and has just begun his era. I like this story, but I don’t want to write it as “Messi hands the crown to Yamal.” Football has no pre-written script, and that photo didn’t create Yamal’s talent. What truly moves you is that an originally ordinary charity picture was, 19 years later, completed by reality with an ending. If this were a movie, audiences might complain that the screenwriter is too deliberate. But life sometimes is bolder than fiction.#2026足球风潮 #世界杯 $COPXon
$LAB experienced a sharp drop of about 22% in 24 hours; the price even briefly dipped with a needle toward $0.1412. Even more worrying, the 4-hour funding rate is still as high as 0.04599%, and bullish sentiment has not completely cooled down. As of July 20, LAB is around $0.147, with a 24-hour trading value of about $38.2 million, nearly reaching 83% of its circulating market cap of $46 million. Such a high turnover appearing during a sell-off phase usually isn’t a case of “no one to take the other side,” but rather a period of intense swapping of positions. LAB’s product direction isn’t hard to understand: pack multi-chain spot, limit orders, perpetual contracts, and AI research tools into a single trading terminal. But for now, publicly available data focuses more on token trading volume. The platform’s actual user count, trading volume, fee revenue, and retention rate disclosures are still not sufficiently complete. “AI + trading infrastructure” can help justify valuation; whether the valuation can be sustained still depends on product revenue. The official buyback page shows that the project has cumulatively repurchased 22.644 million LAB tokens,投入约 $3.395 million, with an average cost of about $0.15—already close to the current price. This indicates that buybacks do exist, yet they have not been able to withstand the selling pressure in this round. Based on the current price, LAB’s FDV is about $147 million, roughly 3.2 times the circulating market cap. The future supply remains an issue that can’t be avoided. Another abnormal data point to pay attention to: some platforms show circulating supply of 322.5 million tokens, while CoinMarketCap shows about 312.1 million— a difference of over 10 million tokens. For low market-cap projects, the definitions of circulating supply, where buyback tokens go, and the unlock schedule must be clear; otherwise, valuation judgments will be directly distorted. On the chart, $0.141–$0.145 is the near-term defense zone. Above that, look first at $0.148, then $0.152. Only if the price regains and holds above $0.152—while trading volume cools and funding rates fall—can we say selling pressure is starting to ease. If it breaks below $0.141, the current bottoming structure fails. For now, I won’t chase a bottom just because it has dropped a lot. What LAB lacks most right now isn’t the story, but verifiable product revenue, clear circulating supply data, and whether buybacks can consistently cover新增 supply. Risk warning: LAB has a smaller market cap and a high turnover rate. Crowded perpetual longs could amplify liquidation and wick/pin risks. $LAB
The boxing champion lost 200 million, and the champion’s heaviest punch may have landed on his own balance sheet. Recently, Zou Shiming talked about losses from starting a business, saying the losses could be more than 200 million yuan. The debt situation disclosed on the show also shows that although the couple has repaid part of their bank loans, they still owe money to multiple friends. Online rumors such as “the boxing gym lost 160 million, P2P lost 80 million, and crypto lost 40 million,” involve boxing gyms, catering, esports, wealth management, and Crypto—whose underlying logic is completely different. When one family bets on multiple high-risk projects at the same time, it looks diversified, but in reality the risks are highly correlated—all depend on continuous financing, traffic, and optimistic expectations. Once the cash flow breaks, they can only sell their house to repay debts. If 200 million is calculated at 2%, the interest in one year would be 4 million yuan—enough for an ordinary family’s daily expenses. The right approach is to first keep enough low-risk assets for living and debt repayment, and then start a business or invest in Crypto only with funds that you can afford to lose entirely. Looks like Sun Xue and Ying Xue can’t be touched—keeping a tight grip on your money pouch is the most important thing. Any person’s investment advice can only be used as a reference, not to take full responsibility for your decisions. Risk warning: Crypto and the stock market are both high-risk markets. Invest based on your own professional understanding to avoid losses!$BTC #韩股KOSPI因科技股抛售下跌
Morning Market Update: Brent crude oil returns above $90; KOSPI opened down as much as 2.6%, but BTC still holds near $64,500 Brent crude oil has returned above $90, and while the KOSPI opened down as much as 2.6%, $BTC still remains near $64,500—this morning is not broad-based panic; instead, funds are hard-holding under geopolitical risks. The main weekend theme is further tightening: the U.S. carried out airstrikes against Iran for the ninth consecutive night; missile and drone attacks have reappeared in the Gulf region. Through the Strait of Hormuz, the number of vessels transiting in a single day fell to as low as 3 at one point. Brent rose further from last Friday’s settlement price of $88.10, breaking above $90 again; energy inflation has once more become the most direct pressure for Asian markets. After the Korean stock market reopened from its holiday, it opened lower. The KOSPI opened around 6,644 points, about 2.6% below last Thursday’s close, and the decline narrowed somewhat afterward; chip stocks remain the emotion amplifier. Japan is closed for the day due to a marine holiday, so the test of risk appetite in Asia is temporarily concentrated in Korean stocks, Hong Kong stocks, and crude oil prices. U.S. stock index futures are also near flat, suggesting the market has not yet priced an out-of-control war. As of this morning, BTC is around $64,500, essentially flat over the past 24 hours; $ETH around $1,870, up nearly 1%. U.S. spot BTC ETFs saw net inflows of about $132 million last Friday, providing price support. However, BTC has still not effectively held above $65,000; for now it can only be considered as “resilient,” not a real breakout. Today, the focus is whether Brent can fall back below $90, and whether BTC can regain $65,000 with increased volume. If oil prices keep running higher and the KOSPI expands its losses again, the weekend resilience of risk assets could be quickly undermined. Risk Warning: Geopolitical developments, oil-price jumps, and liquidity at Asia’s open may amplify short-term volatility—use leverage with caution. Investing involves risk.#韩股KOSPI因科技股抛售下跌 #布伦特原油涨4.6%
Damn, who would even be attracted to one of these “little fairy” types? She doesn’t have looks, and she doesn’t have conditions—yet she demands an 80,000–360,000 dowry “high-quality woman.” Can she be remade? I’d rather trade crypto for a lifetime than marry someone like that. $BTC
Only $24,8 remains after $100,000—Pi shuts all the CX people up! ! If you bought $PI in February 2025 at the historical high of $2.98, then with $10,000 you could roughly buy 3,356 coins. Based on the recent low of about $0.074, that leaves only $248—a 97.5% drawdown. Even using the current rebound price of about $0.083, it’s only worth around $279. What exactly happened to Pi? At launch, the market was trading on the idea of “60 million users entering crypto.” A year later, the market started to ask how much real demand those users could actually generate. There are plenty of downloads, KYC users, and mining participants—but most of them are potential sellers who obtained PI at low cost; that doesn’t automatically translate into new capital willing to use cash to buy coins. Supply keeps increasing as well. Pi’s circulating supply has risen to roughly 11 billion coins, while the maximum supply is 100 billion—of which 65 billion are allocated for mining rewards and 20 billion for the core team. As users complete KYC, migrate to the mainnet, and locking periods expire, balances that previously couldn’t be traded keep entering the market. Since demand growth can’t keep up with supply release, prices can only drift downward in search of buyers. What’s even more troublesome is that Pi has a huge community, yet it still lacks on-chain revenue, stablecoin liquidity, and high-frequency applications that match its scale. Some merchants have paid with it and ecosystem applications show it isn’t just vapor—but that still falls far short of supporting a nearly $30 billion circulation valuation at launch. Pi has recently confirmed an upgrade to Protocol v25, and the price rebounded by almost 10% at one point. Technical upgrades can improve the network, but they don’t automatically create buy pressure. To reverse the trend, you need at least to see a slowdown in circulating supply growth, an increase in real payment volume, and applications generating consistent revenue. Pi’s biggest lesson is very direct: users can get it for free, but the coin’s price must be backed by someone paying real money. Risk warning: PI still faces risks related to migration, unlocking, insufficient liquidity, and weak ecosystem demand. Technical updates don’t automatically mean a price reversal.
$FOX drops 46% in a single day. The most classic “Robin Hood” has always been a fox—now Robinhood Chain finally has a mascot. The fox’s creative concept is definitely smart: the Disney version of “Robin Hood” is deeply ingrained in people’s minds, and Robinhood Chain has just launched its mainnet—so the story, the brand, and the new-chain buzz all line up at once. A price reminder has already been provided: after FOX surged to about $0.0009, it fell back to around $0.00035. It’s down about 46% over 24 hours, with a retreat of roughly 61% from its peak. With a market cap of only about $350,000, the daily trading volume is still over $430,000. With such a small pool, a few chunks of capital can trigger both a sudden spike and a panic sell-off at the same time. There’s also an easily misunderstood detail: the contract is verified on the Robinhood Chain browser, which only means the code and token information are queryable—it does not mean you’ve received Robinhood’s endorsement. Risk warning: Meme tokens with low market caps have thin liquidity, there are multiple coins with similar names, and you must verify the contract address—don’t mistake community marketing for an official partnership.$MEME #Robinhood
Morning market: Nasdaq fell 1.40% and Nikkei dropped 4.03%. AI chips and Middle East oil prices came under pressure at the same time. The market shifted from hesitation to a clear flight-to-safety mood, yet $BTC still holds around $638,000. The Korean market is closed on Friday, with selling pressure passing to Japan: the Nikkei closed at 64,141, down 11.3% from its high in June. Kioxia (Kairenshi) plunged 16.1% in a single day. U.S. stocks also failed to stop the bleeding: the S&P 500 fell 1.01%, and the semiconductor index is down 20.2% from its June peak. $META and Google fell 2.7% and 3.2% respectively, as capital starts to reassess AI investment and valuations. The macro data is not bad: U.S. consumer confidence in July rose to 54.4, and the 10-year Treasury yield eased to about 4.55%. But the “Iran–Israel” conflict pushed Brent oil up 4.6% to $88.10, turning energy back into an inflation variable that outweighs the benefits from falling rates. As of this morning, BTC is around $63,800 and $ETH around $1,840. Total crypto market capitalization is about $2.27 trillion, roughly flat overall. BTC is temporarily more resilient than tech stocks, but it looks more like weakening sell pressure than a renewed risk-on restart. Over the weekend, the key focus is oil prices and the situation in the Middle East. If BTC breaks below $62,500 again, the short-term defense structure will weaken noticeably. Risk warning: Liquidity is thin over the weekend, and geopolitical news may amplify volatility in crypto assets. #日经225跌5%创3月来最差
From the youngest county mayor to being investigated, his clash with Wang Jianlin has again become a hot topic Six days ago he was removed from office, and six days later the authorities officially announced that he is under investigation. Xu Liuwei, a former county mayor who was once the youngest in Guizhou, has once again returned to the public spotlight. Xu Liuwei was born in June 1982. He joined the workforce in August 2005 and holds a graduate degree from the National People’s Congress program. He worked for many years in the Guizhou provincial government. In April 2012, he became a Standing Committee member of the Party Committee of Danzhai County and deputy county magistrate. In 2014, he officially became county mayor. At that time he was only 32 years old, making him the youngest county mayor in Guizhou at the time. On July 10, the Guizhou provincial government website suddenly published a batch of personnel appointments and removals. Among them, Xu Liuwei was no longer listed as serving as deputy secretary-general of the Guizhou Provincial People’s Government. When Xu Liuwei served as county mayor of Danzhai County, he had once “gone head-to-head” with Wanda’s Wang Jianlin, which made him famous nationwide in one battle. The key points of the dispute were: how Wanda’s investment profits in Danzhai would be transferred for government payments; and how to ensure that impoverished areas could truly shake off poverty for good. The incident began in 2014, when senior executives of Wanda suddenly came up with the idea of contracting poverty alleviation efforts county-wide. At first, they had not considered including Danzhai. After Danzhai County learned of the plan, it immediately reported to the leaders of the provincial poverty alleviation office and requested that Danzhai be included among the candidate inspection and evaluation points—only then was it “added to the list.” It is said that after the investigation, they had to call Wanda every two or three days to check on progress. Through this series of efforts, they persuaded Wanda Group. In the end, it was determined that Wanda would invest 1.4 billion yuan: 300 million yuan to build a Danzhai Vocational and Technical College, 600 million yuan to build a tourism town, and another 500 million yuan to set up a Danzhai poverty alleviation special fund, so that within two years, the entire county’s population would be lifted out of poverty. Now Wanda is mired in a “debt crisis,” and the former most outstanding county mayor has also fallen from power. What do you think about Wanda’s choice back then? $BTC
Sega once missed out on $1 trillion, but made an even more important decision! 30 years ago, Huang Renxun flew to Tokyo with a request that was almost certain to fail: Nvidia’s chip built for Sega had failed. He admitted that the architecture choice was wrong, and asked to convert the remaining $5 million under the contract into an equity investment in Nvidia. He even told Kazuo Irijo, in advance, that this money would very likely be entirely lost. Sega considered it for two days and then agreed. The $5 million gave Nvidia about six more months to survive. The company laid off most of its employees, abandoned the wrong path, and concentrated its resources on RIVA 128. After the 1997 product launched, it sold about one million units in four months—only then did Nvidia truly cross the point of no return. On July 15, 2026, Huang Renxun returned to Tokyo’s Akihabara to reunite with Sega’s former president, Kazuo Irijo. He said that without Sega and Irijo’s support back then, Nvidia would not exist today. My take is: the real investment happens when a project has already failed, and the other side admits it may all be a complete loss—yet you can still distinguish the “wrong architecture” from the team that’s worth continuing to bet on. If you were you, would you have invested in Nvidia 30 years ago?$NVDAB #英伟达
Global average AI stock drawdown of 42%? The bubble is bursting, but AI hasn’t ended!
Over the past year, the market has bought almost every asset that could be related to AI: chips, servers, optical modules, data centers, nuclear power, quantum computing, commercial spaceflight—and even companies with no revenue yet that could still get a valuation of tens of billions of dollars based on a single forward order. Now, the tide begins to ebb. NuScale Power has pulled back 85% from its peak, Oklo is down 76%, Redwire is down 69%, and Navitas is down 63%; Oracle and Intuitive Machines are down about 62%, Super Micro Computer is down 56%, and CoreWeave is down 50%. Seeing these numbers, saying “the AI bubble has burst” isn’t an overstatement.