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币乎大V（推特X：@uniswap12），2025全球区块链百强创作者，独立研究员。在微博、推特、币乎、力场、币快报、向北社区、币车、财路、链书、八宝饭、链节点、巴比特、陀螺财经等币圈媒体拥有数十万粉丝。
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Trump Administration's Tariff Policy Ruled Illegal: Multiple Parties Demand 'Refunds'
According to reports from CCTV News Client, on February 20 local time, the U.S. Supreme Court ruled that the large-scale tariff measures implemented by the Trump administration under the International Emergency Economic Powers Act lacked clear legal authorization.
This ruling marks a significant legal defeat for Trump's signature trade policy and has led to a confrontation between the political and business sectors in the U.S. - plaintiff companies, California's governor, and former Vice President Pence are all shouting for 'refunds'; meanwhile, Wall Street sees the 'crash' as a positive, with the three major U.S. stock indices responding with gains.
Why is there a debt chase on one side and revelry on the other in the same ruling? A long game regarding the final ownership of this huge tax amount has only just begun.
This ruling marks a significant legal defeat for Trump's signature trade policy and has led to a confrontation between the political and business sectors in the U.S. - plaintiff companies, California's governor, and former Vice President Pence are all shouting for 'refunds'; meanwhile, Wall Street sees the 'crash' as a positive, with the three major U.S. stock indices responding with gains.
Why is there a debt chase on one side and revelry on the other in the same ruling? A long game regarding the final ownership of this huge tax amount has only just begun.
The gold content of boss Zhu Xingliang of Gold Mantis is still rising. When Evergrande collapsed back then, it was cheated by Evergrande out of a total of 8.2 billion yuan. It was thought that it would cause a home decoration company to fall into the abyss, but unexpectedly, Gold Mantis survived Evergrande, and also endured Country Garden and Sunac. Gold Mantis had deep cooperation with Country Garden and Sunac in the early years, but in recent years has significantly shrunk, with very little current business. Currently, Gold Mantis still has over 5 billion yuan in cash on its account, and interest-bearing liabilities are almost zero. Moreover, the company still supports 50,000 employees, with more than 10,000 employees in the listed company. During the peak period of the industry, Gold Mantis did not blindly diversify and expand, always maintaining low-debt operations. Although severely impacted by Evergrande, thanks to the restraint of boss Zhu Xingliang, it is still doing very well. The office building that was built at a great cost has also started to be used this year. $BNB
binance
Yi He
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This time, it's a Q&A digital red envelope!
Customer service Xiao He is getting familiar with the square functions, and there are Q&A red envelopes here!
Customer service Xiao He is getting familiar with the square functions, and there are Q&A red envelopes here!
The fifth day welcomes the God of Wealth! Binance USD1 holding earns WLFI effortlessly, I have already received nearly $2000 in rewards 🤩
This year's New Year is just too enjoyable 🥳 After just paying respects to the God of Wealth on the fifth day, the God of Wealth really sent money to my door!
Yesterday, I received another $WLFI reward, about $700. Adding up the previous amounts, I've nearly reached $2000 😂 This feeling of money coming in while lying down is 100 times more comfortable than staring at the charts and trading every day!
Here comes the key point 🔥 The Binance USD1 holding sharing WLFI event has surprisingly been extended for another month! The new round of benefits continues, no need to think hard, just steadily receive weekly airdrops, it's all about lazy passive earnings～
Let me highlight some key information for everyone, remember these key points so you don't miss any earnings 👇
🗓️ Event Duration: February 20 - March 20 (UTC), a full 4 weeks!
🎁 Participation Method:
1. Install the latest Binance APP: https://binance.com/join?ref=YOU59
2. As long as you hold USD1 in your Binance account, you can automatically participate, zero threshold!
💰 Prize Pool: A total of 235 million WLFI tokens, airdropped once a week, you won't have to wait too long to see the earnings!
There’s a little bonus ✨ Put USD1 in the margin/contract account, and you can get 1.2 times the reward! The borrowed portion is also calculated at 70%, which means your earnings are directly boosted, those in the know understand～
Honestly, with the current market condition, it feels like a roller coaster, chasing highs and cutting losses is likely just fuel; it’s better to steadily earn some passive income from holding positions, it’s incredibly appealing! The advantage is stability!
If you are currently holding USDT and observing, participating in this event is really suitable, it’s much more cost-effective than ordinary stablecoin investments; if you don’t participate, it’s like the God of Wealth is handing you a red envelope and you say, “I don’t want it,” that’s just a pure loss 😭
Let me share a special mantra for the fifth day, repeat it three times: “I do not seek to get rich quickly, I only hope my stablecoins do not lie idle” 🙏
The event has officially started, the God of Wealth has laid out the benefits in front of you, what are you waiting for? Hurry up and put USD1 into your Binance account, let’s earn WLFI together, and this year let’s become rich together! $USD1
This year's New Year is just too enjoyable 🥳 After just paying respects to the God of Wealth on the fifth day, the God of Wealth really sent money to my door!
Yesterday, I received another $WLFI reward, about $700. Adding up the previous amounts, I've nearly reached $2000 😂 This feeling of money coming in while lying down is 100 times more comfortable than staring at the charts and trading every day!
Here comes the key point 🔥 The Binance USD1 holding sharing WLFI event has surprisingly been extended for another month! The new round of benefits continues, no need to think hard, just steadily receive weekly airdrops, it's all about lazy passive earnings～
Let me highlight some key information for everyone, remember these key points so you don't miss any earnings 👇
🗓️ Event Duration: February 20 - March 20 (UTC), a full 4 weeks!
🎁 Participation Method:
1. Install the latest Binance APP: https://binance.com/join?ref=YOU59
2. As long as you hold USD1 in your Binance account, you can automatically participate, zero threshold!
💰 Prize Pool: A total of 235 million WLFI tokens, airdropped once a week, you won't have to wait too long to see the earnings!
There’s a little bonus ✨ Put USD1 in the margin/contract account, and you can get 1.2 times the reward! The borrowed portion is also calculated at 70%, which means your earnings are directly boosted, those in the know understand～
Honestly, with the current market condition, it feels like a roller coaster, chasing highs and cutting losses is likely just fuel; it’s better to steadily earn some passive income from holding positions, it’s incredibly appealing! The advantage is stability!
If you are currently holding USDT and observing, participating in this event is really suitable, it’s much more cost-effective than ordinary stablecoin investments; if you don’t participate, it’s like the God of Wealth is handing you a red envelope and you say, “I don’t want it,” that’s just a pure loss 😭
Let me share a special mantra for the fifth day, repeat it three times: “I do not seek to get rich quickly, I only hope my stablecoins do not lie idle” 🙏
The event has officially started, the God of Wealth has laid out the benefits in front of you, what are you waiting for? Hurry up and put USD1 into your Binance account, let’s earn WLFI together, and this year let’s become rich together! $USD1
A method that takes you from 100,000 to 24,000,000; the formula is public, but almost no one can complete it.
Its hardest part is not intelligence, but the maddening "boredom" of the first twenty years.
At 30, you invest 100,000 every year. By 40, you have invested 1,000,000 in principal, and your account has less than 2,000,000. Friends around you are getting new cars, colleagues are showcasing global trips, and you look down at that number, unmoving.
You grit your teeth and persist for another ten years. By 50, you have invested 2,000,000 in principal, and your account finally grows to 7,200,000. It sounds good, but what you paid for it is a full twenty years of restraint.
The real "blizzard" occurs in the last ten years—just like before, you do nothing extra, just quietly watch as the money in your account comes to life; it runs every day, and in the last ten years, it suddenly produces 17,000,000, which is more than double what you painstakingly saved in the first half of your life.
This is the harsh reality.
Most people never reach the finish line, not because they lack money, but because they falter in the long silence before dawn. That money needs you to feed it with a generation's worth of patience before it learns to run on its own.
So ultimately, this is not a math problem at all; it is a test of character.
The test is summed up in three words: can wait. $BNB
Its hardest part is not intelligence, but the maddening "boredom" of the first twenty years.
At 30, you invest 100,000 every year. By 40, you have invested 1,000,000 in principal, and your account has less than 2,000,000. Friends around you are getting new cars, colleagues are showcasing global trips, and you look down at that number, unmoving.
You grit your teeth and persist for another ten years. By 50, you have invested 2,000,000 in principal, and your account finally grows to 7,200,000. It sounds good, but what you paid for it is a full twenty years of restraint.
The real "blizzard" occurs in the last ten years—just like before, you do nothing extra, just quietly watch as the money in your account comes to life; it runs every day, and in the last ten years, it suddenly produces 17,000,000, which is more than double what you painstakingly saved in the first half of your life.
This is the harsh reality.
Most people never reach the finish line, not because they lack money, but because they falter in the long silence before dawn. That money needs you to feed it with a generation's worth of patience before it learns to run on its own.
So ultimately, this is not a math problem at all; it is a test of character.
The test is summed up in three words: can wait. $BNB
Jia Yueting: FF EAI Bridge Strategy Receives Support from China's Top Automotive Companies, Commitment to Delivery
On February 17, Jia Yueting, founder of Faraday Future (FF), revealed in a post the key progress and deep reflections on FF's recent EAI bridge strategy. Jia Yueting stated that as the cooperation with China's top automotive companies and supply chain partners deepens, the company is fully focused on the mass production and delivery of the FX Super One, and has made a commitment to correct its poor performance in the capital market.
Jia Yueting
In the article, Jia Yueting candidly expressed that FFAI gives him 'mixed feelings.' The 'good' part is that after signing an upgrade agreement with bridge strategy partners last week, industry partners publicly expressed their affirmation and support for the progress of the Super One project. He believes that with the deep cooperation and strong support from China's top automotive companies and supply chain, the Super One project is bound to succeed, and this bridge will soon be open to traffic.
Jia Yueting
In the article, Jia Yueting candidly expressed that FFAI gives him 'mixed feelings.' The 'good' part is that after signing an upgrade agreement with bridge strategy partners last week, industry partners publicly expressed their affirmation and support for the progress of the Super One project. He believes that with the deep cooperation and strong support from China's top automotive companies and supply chain, the Super One project is bound to succeed, and this bridge will soon be open to traffic.
In January, the U.S. Treasury's budget deficit decreased by 26% year-on-year to $95 billion.
In the first 4 months of fiscal year 2026, the deficit decreased by 17% year-on-year to $697 billion, but it still marks the third worst start in history.
Government revenue increased by 12% year-on-year to $1.8 trillion, with tariff revenue increasing by 304% year-on-year to $124 billion.
Meanwhile, government spending increased by 2% year-on-year to $2.5 trillion.
Tariff revenue is alleviating the U.S. budget deficit.
Note: The U.S. fiscal year does not start on January 1 but begins on October 1 each year and ends on September 30 of the following year.
However, tariff revenue is only a temporary relief; excessive borrowing in previous years and high interest rates mean that if interest rates cannot be effectively lowered, interest payments will soon consume a significant portion of fiscal revenue. $ETH
In the first 4 months of fiscal year 2026, the deficit decreased by 17% year-on-year to $697 billion, but it still marks the third worst start in history.
Government revenue increased by 12% year-on-year to $1.8 trillion, with tariff revenue increasing by 304% year-on-year to $124 billion.
Meanwhile, government spending increased by 2% year-on-year to $2.5 trillion.
Tariff revenue is alleviating the U.S. budget deficit.
Note: The U.S. fiscal year does not start on January 1 but begins on October 1 each year and ends on September 30 of the following year.
However, tariff revenue is only a temporary relief; excessive borrowing in previous years and high interest rates mean that if interest rates cannot be effectively lowered, interest payments will soon consume a significant portion of fiscal revenue. $ETH
700 billion dollar giant enters the cryptocurrency market! Heavily invests in Korbit, is the spring of cryptocurrency coming?
South Korea's largest asset management company Future Asset made a big move, as announced, using 133.5 billion won to directly acquire 92% of the shares of Korbit, one of South Korea's top five cryptocurrency exchanges.
This means that the cryptocurrency world has welcomed a heavyweight figure, knowing that the scale of future assets has surpassed 700 billion dollars!
These shares were mainly taken over from the original major shareholders, including the holding company NXC behind the big name in the Korean gaming industry Nexon, as well as subsidiaries under the SK Group on the seller's list.
SK's IoT subsidiary SK Planet also specifically disclosed that it sold its shares in Korbit for 45.7 billion won, which looks like a profitable deal.
This means that the cryptocurrency world has welcomed a heavyweight figure, knowing that the scale of future assets has surpassed 700 billion dollars!
These shares were mainly taken over from the original major shareholders, including the holding company NXC behind the big name in the Korean gaming industry Nexon, as well as subsidiaries under the SK Group on the seller's list.
SK's IoT subsidiary SK Planet also specifically disclosed that it sold its shares in Korbit for 45.7 billion won, which looks like a profitable deal.
An 80% Win Rate Can Still Lead to Bankruptcy! The Kelly Formula Exposes the Truth — Retail Investors Die from All-In
This article is transferred from: (Learning and Thinking to Wealth)
Buffett said: The first rule of investing is to never lose money, and the second rule is to remember the first rule.
The vast majority of retail investors lose money in the stock market, not because they are beaten by the market, nor by the main forces, but because they are defeated by their unrestrained all-in. Many people hold trading systems with decent win rates, yet lose all their profits and capital in one ALL-IN. The Kelly formula, revered by Wall Street as the bible of position sizing, reveals the core deadlock of retail investors' long-term losses through the cold logic of mathematics and provides a practical answer for ordinary people regarding capital management. The ones who truly survive in the market are not those who earn the fastest, but those who manage their positions most steadily. Without understanding position control, no matter how high the win rate, it ultimately becomes a zero-sum game.
Buffett said: The first rule of investing is to never lose money, and the second rule is to remember the first rule.
The vast majority of retail investors lose money in the stock market, not because they are beaten by the market, nor by the main forces, but because they are defeated by their unrestrained all-in. Many people hold trading systems with decent win rates, yet lose all their profits and capital in one ALL-IN. The Kelly formula, revered by Wall Street as the bible of position sizing, reveals the core deadlock of retail investors' long-term losses through the cold logic of mathematics and provides a practical answer for ordinary people regarding capital management. The ones who truly survive in the market are not those who earn the fastest, but those who manage their positions most steadily. Without understanding position control, no matter how high the win rate, it ultimately becomes a zero-sum game.
Was Gann's later life impoverished? His letter to his son exposes trading.
Do you think defeating the market means defeating life?
In 1929, Livermore shorted the U.S. stock market and earned 30 million, committing suicide 11 years later.
In 1934, Gann published (45 Years on Wall Street), with an accuracy rate exceeding 80%, and at 63, his account only had 300,000 left.
The Achilles' heel of these two 'gods of speculation' is surprisingly the same.
We always think that the hardest part of trading is finding the holy grail.
Gann spent his life inventing angle lines, geometric figures, and time cycles—
He said I can predict the Dow Jones with 100% accuracy,
However, his son wrote in the memoir:
His father never relied on trading to live well; he was obsessed with proving himself right.
What truly killed the master was never the market,
In 1929, Livermore shorted the U.S. stock market and earned 30 million, committing suicide 11 years later.
In 1934, Gann published (45 Years on Wall Street), with an accuracy rate exceeding 80%, and at 63, his account only had 300,000 left.
The Achilles' heel of these two 'gods of speculation' is surprisingly the same.
We always think that the hardest part of trading is finding the holy grail.
Gann spent his life inventing angle lines, geometric figures, and time cycles—
He said I can predict the Dow Jones with 100% accuracy,
However, his son wrote in the memoir:
His father never relied on trading to live well; he was obsessed with proving himself right.
What truly killed the master was never the market,
Duan Yongping: I have a friend who started with 20,000 yuan and made 2 billion US dollars, but he always feels like a poor person because he always uses a 200% margin. It is said that now it's better, and he no longer uses margin.
Duan Yongping: I have a friend who started with 20,000 yuan and made 2 billion US dollars, but he always feels like a poor person because he always uses a 200% margin. It is said that now it's better, and he no longer uses margin. However, margin is a bit like an addiction; it's hard to quit. (2015-02-28)
Duan Yongping: He has been in the business for 30 years, very talented, very fundamental-focused, very hardworking, and never acts rashly. He has had many classic investments and has also had several life-and-death experiences.
On the day before the crash in 2008/09, he was sweating profusely and tearfully cutting losses, which was extremely classic—one day later, he would have completely returned to square one.
Even so, he has already been rich more than once. Human behavior can sometimes be difficult to understand.
Now his life is much happier, and he has a strong feeling of "putting down the butcher's knife and becoming a Buddha." $ETH
Duan Yongping: I have a friend who started with 20,000 yuan and made 2 billion US dollars, but he always feels like a poor person because he always uses a 200% margin. It is said that now it's better, and he no longer uses margin. However, margin is a bit like an addiction; it's hard to quit. (2015-02-28)
Duan Yongping: He has been in the business for 30 years, very talented, very fundamental-focused, very hardworking, and never acts rashly. He has had many classic investments and has also had several life-and-death experiences.
On the day before the crash in 2008/09, he was sweating profusely and tearfully cutting losses, which was extremely classic—one day later, he would have completely returned to square one.
Even so, he has already been rich more than once. Human behavior can sometimes be difficult to understand.
Now his life is much happier, and he has a strong feeling of "putting down the butcher's knife and becoming a Buddha." $ETH
After a 16831% surge to four digits, Booking (BKNG.US) announces a 1:25 stock split following impressive earnings report.
One of the highest-valued stocks in the U.S. stock market is about to see a significant price drop. Booking Holdings (BKNG.US) shares closed at $4,269.99 per share on Wednesday, as the company announced that its board had approved a 1:25 stock split, meaning investors will receive 25 new shares for every 1 share they hold — a common measure taken by high-growth companies to ensure their stock does not seem too expensive to investors.
In 2003, the company took a completely different approach. At that time, it was named Priceline.com and was struggling due to the impact of the dot-com bubble burst. To boost the stock price, the company approved a 1:6 reverse stock split. However, since then, the growth of its online travel business has driven a significant increase in stock prices, with a rise of approximately 16,831%. This led Booking's stock price to reach four digits, which is rare on Wall Street.
In 2003, the company took a completely different approach. At that time, it was named Priceline.com and was struggling due to the impact of the dot-com bubble burst. To boost the stock price, the company approved a 1:6 reverse stock split. However, since then, the growth of its online travel business has driven a significant increase in stock prices, with a rise of approximately 16,831%. This led Booking's stock price to reach four digits, which is rare on Wall Street.
Duan Yongping is really bold to say that he doesn't dare to touch Xiaomi, and he doesn't understand where Xiaomi's moat lies. Regarding Xiaomi's high revenue, Duan Yongping also stated that for companies that do not make a profit, high revenue is useless. He pointed out sharply that no company makes money by being cheap. I wonder what Lei Jun thinks in his heart upon hearing this from Duan Yongping, while Lei Jun has been telling the outside world that Xiaomi is an internet company. Lei Jun also stated: After the release of the Xiaomi SU7, the ecosystem of car, home, and people is officially closed-loop, making it one of the most complete smart ecosystems in the world. $BNB
Apex Group and WLFI Launch USD1 Stablecoin Pilot: A Major Breakthrough in the Integration of Traditional Finance and Digital Assets
In the current rapid advancement of global digital finance, the collaboration between traditional financial institutions and compliant stablecoin projects is becoming the core storyline of industry development. The cooperation between the financial giant Apex Group, managing $3.5 trillion in assets, and World Liberty Financial (WLFI), associated with Trump, has further highlighted this trend. The two parties are jointly piloting the USD1 stablecoin, which is pegged to the US dollar at a 1:1 ratio, applying it to the cash flow segment of tokenized funds. This not only allows compliant stablecoins to officially penetrate the core scenarios of traditional fund management but also makes a substantial step forward in the industrial application of digital assets.
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