#比特币波动性 The sound of wind and rain at night, how many flowers have fallen. This wave of correction reflects the scarcity of Bitcoin liquidity on one hand, and on the other hand, 1011 has really caused too much harm to the industry. The U.S. stock market hasn't started to decline yet, and Bitcoin is almost below eighty thousand. Alas, how many whales have fallen today, yet there may not be a rebirth of all things.
#lorenzoprotocol $BANK @Lorenzo Protocol Lorenzo Protocol is a platform aimed at unlocking the potential of Bitcoin in DeFi, allowing users to stake Bitcoin to generate yield-bearing assets (such as stBTC) and tokens representing future earnings (YAT), thereby converting idle Bitcoin into active assets that generate income. Its native token BANK is used for protocol governance, and holders can stake BANK to receive veBANK to participate in decision-making and share in the protocol's earnings. The project has received investments from several well-known institutions, including Binance Labs.
NVIDIA's financial report becomes an 'AI debt chain stress test', the risk of dual debt resonance escalates again
#英伟达财报 Now the 'heart' of the global financial circle hangs on NVIDIA — after all, this entity is not only the 'leader' of the AI circle but also the 'key rope' connecting government and tech companies' dual debts. The financial report it is about to release is like a 'CT scan' for the tightened debt chain! First, let's review NVIDIA's recent 'roller coaster market', and behind this volatility lies a deep connection with dual debts: on one side is the 'mountain' of $38 trillion in U.S. national debt, and the Treasury is still planning to issue bonds to fill a $5.5 trillion gap; on the other side, companies like Amazon are issuing bonds to buy NVIDIA chips, with issuance soaring to four times the past five years. Out of $800 billion in AI private credit, more than half relies on chip demand. Now, we just have to see if NVIDIA's financial report is 'up to par' — if the data disappoints, the logic of AI investment will collapse, and both sides of the debt will fall like 'dominoes'!
#麦通MSX I have been going long during this period, but it has worn me out. I firmly believe that fundamentally, the non-farm data to be released this week will boost interest rate cut expectations, so this rebound is highly anticipated. But I do not refute the bears, because this expectation of interest rate cuts cannot truly alleviate the current liquidity shortage in the United States. The U.S. government reopening, or even an interest rate cut, won't help; only stopping the balance sheet reduction will do! So the bears can sing all the way. This week there is also a big thunder, which is Nvidia's earnings report! If Nvidia's earnings report fails to meet market expectations, then the entire AI sector will collapse! However, I personally predict that Nvidia's production capacity is already lined up until the year after next, so the probability of a disastrous earnings report is low. Technically, the previous support level of 2940 for ETH has already been tested, and it cannot be ruled out that there will be repeated pullbacks below 3000. But this rebound, along with the non-farm data, will rise. Friends trading cryptocurrencies, you need to study macroeconomics more, learn the overall trends of the U.S. stock market, and hone your skills. U.S. stock tokens! The five greats of the present age! The Northern beggar, Mai Tong, seamless on-chain!
#美股上链 #麦通MSX I ran into a former colleague who graduated from a certain 985 university. What impressed me the most back then was his exceptional math skills, but apart from that, many of his words and actions were quite naive. Many years have passed, and he is now in his forties, yet he still behaves like a disillusioned youth. In 2013, he discussed the U.S. stock market with me, confidently analyzing that the weakness of U.S. manufacturing would absolutely be unable to support the long-term strength of the dollar, and that innovation in U.S. technology would also fail after Steve Jobs' death. I told him back then that the world is not as you think. Yes, the world is truly moving forward, even if it's a makeshift group, even if it stumbles, it is still moving forward. Today, we can already trade U.S. stocks on the blockchain, through MaiTong and msx.com. And he is still telling me that the U.S. stock market is going to collapse. What can I say? I can only suggest that he learn to use a wallet first and then check out MaiTong to see what the U.S. stock market is really about.
In the coming month, there are many economic data to be supplemented, destined to be a tumultuous market. Follow Maitong MSX, search for Maitong MSX Research Institute, understand the economy, trade US stock tokens, trading on-chain stocks and cryptocurrencies is the same, only it's easier to grasp the logic.
Chongzhen is a classic failure case in management studies, assembling a team with someone like Wen Tireng, who was coddled and comfortable, lacking the responsibility to negotiate and making Chen Xinjia take the blame, and actually got killed. Just thinking about it is laughable.
江以南
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Given the situation at the end of the Ming Dynasty, Zhu Yuanzhang would choose to conquer the world again rather than putting out fires everywhere; the end of the Ming Dynasty had already rotted from beginning to end [eating melon]
Your core viewpoint is to adhere to the rules of evidence, prevent subjective conjecture, and align with the spirit of the rule of law, which is commendable. However, you overlook the evidential characteristics of special cases and the judicial inclination to protect vulnerable groups — the court's ruling does not mean 'abandoning the burden of proof', but rather making determinations within the framework of evidential rules for situations where 'there is no direct physical evidence but the victim's statement is credible and indirect evidence corroborates it'. This does not conflict with the principle of 'presumption of innocence', which centers on 'exclusion of reasonable doubt' rather than 'the necessity of physical evidence'.
青梧手记
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Seeing a case circulated online, I initially thought it was fake, but found out it was real. The general case details are: A 12-year-old girl accused her biological father of raping her. There was no physical evidence of the rape, only her own testimony. Although there were other witness testimonies, these testimonies were not independent; they all heard the girl say her father raped her, repeating what the girl claimed after hearing her accusations. Her father denied the rape. In essence, throughout the entire case, there was only the girl's testimony, with no other evidence, and the accused (her father) denied the allegations. However, the court determined the rape charge was established for reasons that were 'unknowable without personal experience', and her father was sentenced to 14 years in prison. Moreover, this case was included in the People's Court case database by the Supreme Court, published as a typical case for society, and used for reference in subsequent similar cases by other courts. Personally, I do not agree with the court's reasoning in this judgment. The 'unknowable without personal experience' rationale used in the ruling essentially abandons the burden of proof requirement in criminal cases, as well as the presumption of innocence, relying instead on the discretionary belief of the case handlers. That is, whoever they believe is guilty or innocent. The correctness of the case result no longer depends on strict evidence rules but rather on the inner thoughts of the case handlers. This approach, I believe, brings severe negative effects on the fairness, accuracy, and predictability of case adjudication. Even in civil and commercial cases where the evidence requirements are not as high, there are rarely judges who dare to make final rulings based solely on their inner feelings and discretionary belief; however, in criminal cases where the evidence requirements are higher, judges can make rulings solely based on their inner feelings and discretionary belief—this practice is incomprehensible. It even feels somewhat absurd. In lawsuits, evidence matters. When both parties in a case describe the same event in completely different ways, evidence should be examined. The rules of evidence are the most just and effective method for fact determination before the invention of the time machine. If there is evidence, a judgment can be made; if there is no evidence, no judgment should be made. This is a basic principle. If facts can be determined arbitrarily based on the inner feelings and discretionary beliefs of the adjudicator, it will bring subversive negative impacts on the predictability and accuracy of the entire system. Furthermore, in situations where there is no physical evidence, only testimonies, and the testimonies of both parties are completely inconsistent, I again suggest that a cross-examination system should be introduced. That is, both the prosecution and defense should cross-examine the witnesses one by one. When two people have completely different accounts of the same event, one of them must be lying. Lies can only be most likely exposed under cross-examination. The truth can only be most likely discovered in the context of cross-examination and confrontation. It is not the case that without cross-examination and confrontation, you simply believe whoever you choose to believe. The adjudicator should rule according to the rules, not according to their inner thoughts. The former is rule of law; the latter is rule of man, even if they wear the robe of a judge. $BNB $BTC $ETH
#麦通MSX #美股代币化 Let me mention something that many people have not noticed: MaiTong MSX is a US stock token trading platform. Recently, many people have been accumulating MaiTong M Bean points, but many believe that M Beans can only be earned through US stock token trading. In fact, the weight of earning M Beans through weekend cryptocurrency contract trading is the same, so everyone can also accumulate M Bean points through cryptocurrency contract trading on weekends.
#美股代币化 Which of the "Five Greats" of US stock tokenization is the most outstanding? US Stock Tokenization · The Five Greats East Evil · Kraken: Strong compliance, Swiss/EU custody, practical mapping, institutional trust, global circulation benchmark. West Poison · Robinhood: Traditional brokerage, direct links to US stocks, dividends delivered directly, European pioneer, compliance first. South Emperor · Ondo: Leading innovation, RWA fund structure, diverse inclusion of debt/equity/ETFs, automatic dividends, compliance collaboration. North Beggar · MSX: Grassroots openness, direct order connection to brokers, one-click purchase of on-chain US stocks, multi-chain compatibility. Central Divine Communication · Coinbase: Platform engine, open multi-assets, aggregation of industry resources, connecting new and old finance, co-creating pattern transformation.
"Lonely Time Only Think of You", the insert song of the TV series "Chinese Big Man", the melody of the theme music is also adapted from this song. Has anyone from Binance seen it? #NFT板块领涨
#山寨币市场回暖 The poem says: Viewing the sea can penetrate thousands of miles of waves, and rare treasures tend to attract tigers and wolves. The crimson robe only knows how to strike at the fat, while the dark lock of the bright pearl bears the azure sky. The morning mist at Quanzhou port has yet to dissipate, and Shen Wanzhou is already standing at the bow of the 'Fuyuan' ship, holding a dark, heavy glass tube. This object was exchanged from a Western merchant ship that came from Luzon last month; the other party said it was called a 'telescope,' capable of bringing the sails from ten miles away right before one’s eyes. Shen Wanzhou renamed it the 'sea-viewing mirror.' Since acquiring this thing, his maritime trade business seems to have opened a celestial eye. In the past, the fleet relied on old sailors to climb the mast and keep watch, distinguishing the color of the clouds and listening to the sound of the waves, in order to barely avoid hidden reefs and find the fishing season. But with this sea-viewing mirror brought up to the eyes, the outlines of islands a hundred miles away can be clearly counted, and the silhouette of fishing boats in thick fog can be distinguished by their flags.
This is a good post. In the past, the era when local banks in the United States issued their own currency was called the Wildcat Era. It hasn't been mentioned for a long time, and this post is of good quality.
0xbit-关注都是朋友
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Understanding the Federal Reserve in One Go:
1. The Federal Reserve is the central bank of the United States, responsible for currency and formulating monetary policy.
2. The Federal Reserve was not established at the founding of the country. The Federal Reserve was established in 1913, while the United States was founded in 1776. This is because Americans inherently did not trust centralization.
3. Before the Federal Reserve, there were two temporary central banks in the United States: the First Bank of the United States and the Second Bank of the United States. They were responsible for raising funds for wars but only existed for about 20 years.
4. Before the Federal Reserve, private banks across the United States could 'print money' as long as they had collateral like gold, silver, or government bonds.
#plasma $XPL Plasma is a Layer 1 blockchain built for stablecoin payments, enabling fast, secure, and borderless digital transactions globally. The XPL token is used to facilitate transactions on the Plasma network and is rewarded to participants who validate transactions and support the network's operation. It is also the core of Plasma's Proof-of-Stake consensus, where validators stake tokens to ensure the chain's security and earn rewards.
The total supply of XPL is 10 billion tokens, distributed as follows:
Public Sale: 10% allocation, with 1 billion XPL distributed through a time-weighted treasury sale in July 2025, non-U.S. tokens unlock immediately, and U.S. tokens are subject to a 12-month lockup. Ecosystem and Growth: 40% allocation, 4 billion XPL for liquidity, incentives, and partnerships, with 800 million unlocking immediately and 3.2 billion vesting monthly over three years. Team: 25% allocation, 2.5 billion XPL distributed to founders, developers, and employees, with a one-year cliff and the remaining portion vesting monthly over the following two years. Investors: 25% allocation, providing 2.5 billion XPL to early supporters and strategic partners, with the vesting schedule aligned with the team allocation: one-year cliff and two-year linear release.
Today's sharp decline is mainly due to several reasons: The Federal Reserve's hawkish stance on interest rate cuts has raised concerns about tightening liquidity in the market; the ongoing government shutdown in the United States has led to missing key economic data, increasing uncertainty. Especially with the non-farm data not coming out this Friday, we can expect some interesting developments. The high-leverage contracts in the crypto market have triggered a chain of liquidations, amplifying the decline; early Bitcoin holders (OG) continue to take profits, creating selling pressure. Additionally, the theft of well-known projects has spread panic in the market. Market sentiment has shifted The bullish sentiment in the U.S. stock market is overly extreme, and technical indicators show that the market is overbought, triggering a warning for a correction; investors, in the absence of clear positive news, are becoming more risk-averse. In summary, folks, making some trades to earn money is really not easy!!! #加密市场回调 #美国政府停摆