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《Mai Gang: He Changed Pop Mart and Bitcoin》
Labubu is popular worldwide, and Pop Mart's market value of HKD 340 billion has made founder Wang Ning the richest person in Henan.
A joke that is often mentioned again:
Before Pop Mart went public, investors evaluated Wang Ning as: average education, never held a proper job, speaks calmly without charisma, and the team lacked elites. After Pop Mart went public, investors evaluated Wang Ning as: Wang Ning has a steady personality, speaks little, does not show emotions, and possesses many excellent qualities of a 'consumer entrepreneur'.
The same treatment was also given to Pop Mart's angel investor — Mai Gang.
Before this trendy toy giant rose, Mai Gang jokingly referred to himself as an 'alternative investor' who was 'kicked out of the group chat' by the mainstream capital circle; yet when Pop Mart's market value soared, he was invited onto the 'altar' and transformed into a legendary figure in the investment world.
However, Mai Gang's legend goes far beyond the trendy toy field.
Little known is that Xu Mingxing, the founder of the global leading crypto trading platform OKX, is also an investor in Pop Mart, reaping thousands of times returns, and all of this is inseparable from Mai Gang.
Mai Gang was also Xu Mingxing's mentor, founding and investing in his earliest entrepreneurial project Dou Ding Wang, and later co-founding OKCoin.
In fact, Mai Gang was also the guide for He Yi, co-founder of Binance, in the crypto world.
In 2014, at a private gathering organized by Mai Gang, he introduced He Yi, who was then still a TV host, to Xu Mingxing, facilitating He Yi's entry into OKCoin. Subsequently, He Yi introduced Zhao Changpeng (CZ), the current founder of Binance, to the team, thus unveiling the curtain on the global crypto exchange rivalry.
His investment map spans two seemingly unrelated fields, yet in each respective arena, it has nurtured giant enterprises that have changed the industry landscape. It can be said that Mai Gang not only made Pop Mart successful but also changed Bitcoin to a certain extent.
👇👇👇
Labubu is popular worldwide, and Pop Mart's market value of HKD 340 billion has made founder Wang Ning the richest person in Henan.
A joke that is often mentioned again:
Before Pop Mart went public, investors evaluated Wang Ning as: average education, never held a proper job, speaks calmly without charisma, and the team lacked elites. After Pop Mart went public, investors evaluated Wang Ning as: Wang Ning has a steady personality, speaks little, does not show emotions, and possesses many excellent qualities of a 'consumer entrepreneur'.
The same treatment was also given to Pop Mart's angel investor — Mai Gang.
Before this trendy toy giant rose, Mai Gang jokingly referred to himself as an 'alternative investor' who was 'kicked out of the group chat' by the mainstream capital circle; yet when Pop Mart's market value soared, he was invited onto the 'altar' and transformed into a legendary figure in the investment world.
However, Mai Gang's legend goes far beyond the trendy toy field.
Little known is that Xu Mingxing, the founder of the global leading crypto trading platform OKX, is also an investor in Pop Mart, reaping thousands of times returns, and all of this is inseparable from Mai Gang.
Mai Gang was also Xu Mingxing's mentor, founding and investing in his earliest entrepreneurial project Dou Ding Wang, and later co-founding OKCoin.
In fact, Mai Gang was also the guide for He Yi, co-founder of Binance, in the crypto world.
In 2014, at a private gathering organized by Mai Gang, he introduced He Yi, who was then still a TV host, to Xu Mingxing, facilitating He Yi's entry into OKCoin. Subsequently, He Yi introduced Zhao Changpeng (CZ), the current founder of Binance, to the team, thus unveiling the curtain on the global crypto exchange rivalry.
His investment map spans two seemingly unrelated fields, yet in each respective arena, it has nurtured giant enterprises that have changed the industry landscape. It can be said that Mai Gang not only made Pop Mart successful but also changed Bitcoin to a certain extent.
👇👇👇
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Mainnet + TGE is approaching, how does @AlloraNetwork, which has raised $35 million, play?
On January 10, the official Twitter account of the Allora Foundation was established. On March 20, Kaito announced that Allora was selected as the next Pre-TGE project by Yapper Launchpad. Recently, Allora has also launched Kaito activities, and various signs indicate that Allora is officially entering the countdown phase for Mainnet + TGE.
In the phase where Crypto AI is truly shifting from speculation to value-oriented, what makes Allora stand out as a decentralized AI infrastructure project backed by several renowned institutions?
On January 10, the official Twitter account of the Allora Foundation was established. On March 20, Kaito announced that Allora was selected as the next Pre-TGE project by Yapper Launchpad. Recently, Allora has also launched Kaito activities, and various signs indicate that Allora is officially entering the countdown phase for Mainnet + TGE.
In the phase where Crypto AI is truly shifting from speculation to value-oriented, what makes Allora stand out as a decentralized AI infrastructure project backed by several renowned institutions?
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Trump stated in an interview, "Although Barron is young, he understands these things very well—he often mentions his 'wallets,'" Trump added, "he has four wallets or something like that, while I'm still asking, 'What is a wallet?'"
https://www.techflowpost.com/article/detail_26423.html
https://www.techflowpost.com/article/detail_26423.html
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Zhong Xue Gao founder Lin Sheng: Trying to trade cryptocurrencies is a very big mistake, and I still do not own a single Bitcoin.
In a live broadcast, Lin Sheng, the founder of Zhong Xue Gao, responded to netizens' questions about his "cryptocurrency trading" by stating, "Trading cryptocurrencies is a very big mistake. For a long time, I was recommending my friends to try things like Bitcoin and other cryptocurrencies. Later, I found that those who listened to my recommendations were all laughing, and I still do not own a single Bitcoin, which is really unfortunate."
In a live broadcast, Lin Sheng, the founder of Zhong Xue Gao, responded to netizens' questions about his "cryptocurrency trading" by stating, "Trading cryptocurrencies is a very big mistake. For a long time, I was recommending my friends to try things like Bitcoin and other cryptocurrencies. Later, I found that those who listened to my recommendations were all laughing, and I still do not own a single Bitcoin, which is really unfortunate."
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According to the Forbes Billionaires List, Binance founder CZ has once again become the richest Chinese person, with assets reaching 65.7 billion dollars, surpassing ByteDance founder Zhang Yiming.
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Korean star Jun Ji-hyun's husband Choi Jun-hyuk faces huge losses due to investments in the publicly listed company Wemade involved in blockchain gaming...
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📢 Face the issues, the first Chinese AMA of Cetus is here
In the past few weeks, @CetusProtocol experienced a hacking incident, and the team acted quickly to restore community confidence.
Cetus Co-founder will join Deep Tide to address all community concerns regarding details of the theft, compensation plans, and future developments, leaving nothing unsaid. You are welcome to listen.
📅 June 6
🕙 20:00 UTC+8
Link:
In the past few weeks, @CetusProtocol experienced a hacking incident, and the team acted quickly to restore community confidence.
Cetus Co-founder will join Deep Tide to address all community concerns regarding details of the theft, compensation plans, and future developments, leaving nothing unsaid. You are welcome to listen.
📅 June 6
🕙 20:00 UTC+8
Link:
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Stablecoins, conquer Africa.
https://www.techflowpost.com/article/detail_26065.html
https://www.techflowpost.com/article/detail_26065.html
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Waves: AI to the left, Bitcoin to the right
Many smart right-leaning tech talents are attracted to Bitcoin,
while many smart left-leaning tech talents are engaged in AI.
This is certainly a rough classification, but it reveals a cultural tendency.
What I want to remind everyone is:
The development results of AI will inevitably affect Bitcoin;
and the fate of Bitcoin will, in turn, affect AI.
https://www.techflowpost.com/article/detail_25959.html
Many smart right-leaning tech talents are attracted to Bitcoin,
while many smart left-leaning tech talents are engaged in AI.
This is certainly a rough classification, but it reveals a cultural tendency.
What I want to remind everyone is:
The development results of AI will inevitably affect Bitcoin;
and the fate of Bitcoin will, in turn, affect AI.
https://www.techflowpost.com/article/detail_25959.html
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Is an Ethereum version of MicroStrategy coming?
Shares of SharpLink Gaming soared over 600% in the US stock market, announcing a private placement of $425 million to purchase ETH.
SharpLink Gaming announced today that it has signed a securities purchase agreement for a $425 million public company private investment in public equity (PIPE), with Consensys Software Inc. as the lead investor, and participants including well-known crypto venture capital firms like ParaFi Capital, Electric Capital, Pantera Capital, and Galaxy Digital.
SharpLink plans to use the raised funds to purchase Ethereum as the company's primary treasury reserve asset.
After the transaction is completed, Ethereum co-founder and Consensys founder and CEO Joseph Lubin will serve as the chairman of the SharpLink board and will assist the company in developing its core business as a strategic advisor.
Shares of SharpLink Gaming soared over 600% in the US stock market, announcing a private placement of $425 million to purchase ETH.
SharpLink Gaming announced today that it has signed a securities purchase agreement for a $425 million public company private investment in public equity (PIPE), with Consensys Software Inc. as the lead investor, and participants including well-known crypto venture capital firms like ParaFi Capital, Electric Capital, Pantera Capital, and Galaxy Digital.
SharpLink plans to use the raised funds to purchase Ethereum as the company's primary treasury reserve asset.
After the transaction is completed, Ethereum co-founder and Consensys founder and CEO Joseph Lubin will serve as the chairman of the SharpLink board and will assist the company in developing its core business as a strategic advisor.
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Dialogue with Mima: From Meme Coins to Launch Platforms, the Investment Logic Behind All-In Culture
Selected Mima Quotes:
- The market characteristics dominated by retail investors in the Solana ecosystem make it the core chain for Meme Coin investment, while the liquidity siphon effect and the Matthew effect limit the potential of other chains.
- Seeing others achieve great results can be a huge motivation, leading to more diligence, further mistakes in wrong choices, which then affects one’s mindset, making it difficult to focus on analysis and summarization, resulting in poor outcomes, creating a very vicious cycle.
- Launch platforms (such as https://t.co/lh7cHMiLt5 and Believe) are key to capturing the value of Meme Coins; a good launch platform can solidify funds and achieve long-term profitability.
- The success of public chains and launch platforms depends on their ability to attract developers and asset issuance, rather than solely relying on the retail market.
- Layer 2 technology undermines Ethereum's economic value; Mima believes there are issues with its revenue-sharing mechanism, leading capital to flow to local Layer 2s instead of the Ethereum main chain.
- The growth of stablecoins will bring more capital inflow to on-chain transactions, but the future revenue of public chains needs to rely on diversified income sources such as gas fees, tips, and MEV.
- Investment should be results-oriented; the core business model in the Crypto field is transaction fees, and transaction volume determines the core value of the platform.
- Crypto games struggle to achieve stable income due to users' unwillingness to pay, while application-side investments need to focus on positive cash flow and users' payment capabilities.
- Believe focuses on meeting the financing needs of small developers, achieving cold start through shared expenses, and positioning itself in niche markets.
- Solana optimizes its transaction system through priority fees and tips, with its future revenue relying more on MEV rather than gas fees.
- The entire Crypto field is facing the arrival of more mature investors and ETFs; future competition will place greater emphasis on core fundamentals and revenue performance.
Selected Mima Quotes:
- The market characteristics dominated by retail investors in the Solana ecosystem make it the core chain for Meme Coin investment, while the liquidity siphon effect and the Matthew effect limit the potential of other chains.
- Seeing others achieve great results can be a huge motivation, leading to more diligence, further mistakes in wrong choices, which then affects one’s mindset, making it difficult to focus on analysis and summarization, resulting in poor outcomes, creating a very vicious cycle.
- Launch platforms (such as https://t.co/lh7cHMiLt5 and Believe) are key to capturing the value of Meme Coins; a good launch platform can solidify funds and achieve long-term profitability.
- The success of public chains and launch platforms depends on their ability to attract developers and asset issuance, rather than solely relying on the retail market.
- Layer 2 technology undermines Ethereum's economic value; Mima believes there are issues with its revenue-sharing mechanism, leading capital to flow to local Layer 2s instead of the Ethereum main chain.
- The growth of stablecoins will bring more capital inflow to on-chain transactions, but the future revenue of public chains needs to rely on diversified income sources such as gas fees, tips, and MEV.
- Investment should be results-oriented; the core business model in the Crypto field is transaction fees, and transaction volume determines the core value of the platform.
- Crypto games struggle to achieve stable income due to users' unwillingness to pay, while application-side investments need to focus on positive cash flow and users' payment capabilities.
- Believe focuses on meeting the financing needs of small developers, achieving cold start through shared expenses, and positioning itself in niche markets.
- Solana optimizes its transaction system through priority fees and tips, with its future revenue relying more on MEV rather than gas fees.
- The entire Crypto field is facing the arrival of more mature investors and ETFs; future competition will place greater emphasis on core fundamentals and revenue performance.
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Today is a good day: Eat pizza🍕!
Today marks the 15th anniversary of Bitcoin Pizza Day.
On May 22, 2010, programmer Laszlo Hanyecz bought two Papa John's pizzas for 10,000 bitcoins, which was worth about $40 at the time. This transaction is considered the first real-world transaction of Bitcoin for a physical good.
Today, the bitcoins from that transaction are worth nearly $1.1 billion, making it the most expensive pizza in history.
Happy Pizza Day🎉
Today marks the 15th anniversary of Bitcoin Pizza Day.
On May 22, 2010, programmer Laszlo Hanyecz bought two Papa John's pizzas for 10,000 bitcoins, which was worth about $40 at the time. This transaction is considered the first real-world transaction of Bitcoin for a physical good.
Today, the bitcoins from that transaction are worth nearly $1.1 billion, making it the most expensive pizza in history.
Happy Pizza Day🎉
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Beyond Amazon, Bitcoin has become the fifth largest asset by market capitalization globally.
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The United States promotes stablecoin legislation, which can be considered a type of 'strategic maneuver'.
On one hand, the U.S. hopes to weaken the dollar policy to increase exports, while on the other hand, it does not want to give up the dollar's status as a global currency.
By supporting the development of stablecoins, the U.S. has extended the global influence of the dollar in a digital way without increasing the Federal Reserve's liabilities—currently, 99% of stablecoins are pegged to the dollar. At the same time, the regulatory requirement for stablecoins to hold U.S. short-term government bonds as reserves cleverly finds new buyers for U.S. Treasuries, similar to how Tether's holdings of U.S. Treasuries have already surpassed those of many developed countries.
This policy not only maintains the global dominance of the dollar but also finds reliable buyers for the U.S.'s massive debt, achieving two goals with one action.
Citi estimates that the stablecoin market could reach $1.6-3.7 trillion by 2030, a staggering fortune—who can catch it?
On one hand, the U.S. hopes to weaken the dollar policy to increase exports, while on the other hand, it does not want to give up the dollar's status as a global currency.
By supporting the development of stablecoins, the U.S. has extended the global influence of the dollar in a digital way without increasing the Federal Reserve's liabilities—currently, 99% of stablecoins are pegged to the dollar. At the same time, the regulatory requirement for stablecoins to hold U.S. short-term government bonds as reserves cleverly finds new buyers for U.S. Treasuries, similar to how Tether's holdings of U.S. Treasuries have already surpassed those of many developed countries.
This policy not only maintains the global dominance of the dollar but also finds reliable buyers for the U.S.'s massive debt, achieving two goals with one action.
Citi estimates that the stablecoin market could reach $1.6-3.7 trillion by 2030, a staggering fortune—who can catch it?
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UBS: Wealthy Clients Withdraw from Dollar Assets, Shift to Gold, Cryptocurrency, and Chinese Assets
Amy Lo, Co-Head of UBS Wealth Management in Asia, stated that UBS's high-net-worth clients are increasingly withdrawing from dollar assets and shifting towards gold, cryptocurrency, and Chinese assets.
"Gold is very popular right now," Lo said during an interview with Yvonne Man at the Bloomberg New Voices event held in Hong Kong on Tuesday.
She noted that the tense trade relations between China and the United States have prompted investors to begin diversifying their previously "quite U.S.-centric" asset allocations; in addition to seeking other currency assets, investors are also directing more funds into cryptocurrencies, commodities, and alternative assets.
"Volatility will certainly continue," Lo added.
Amy Lo, Co-Head of UBS Wealth Management in Asia, stated that UBS's high-net-worth clients are increasingly withdrawing from dollar assets and shifting towards gold, cryptocurrency, and Chinese assets.
"Gold is very popular right now," Lo said during an interview with Yvonne Man at the Bloomberg New Voices event held in Hong Kong on Tuesday.
She noted that the tense trade relations between China and the United States have prompted investors to begin diversifying their previously "quite U.S.-centric" asset allocations; in addition to seeking other currency assets, investors are also directing more funds into cryptocurrencies, commodities, and alternative assets.
"Volatility will certainly continue," Lo added.
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After the Binance Wallet IDO, Lorenzo $BANK, which oversubscribed by 183.29 times, announces a brand upgrade. Under the new narrative of on-chain investment banking, it begins the next phase of growth curve from DeFi ⇋ CeFi.
From BTCFi to the Web3 version of 'BlackRock + Goldman Sachs', how does @LorenzoProtocol achieve this?🧵
From BTCFi to the Web3 version of 'BlackRock + Goldman Sachs', how does @LorenzoProtocol achieve this?🧵
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Xiao Feng once said to Vitalik: If you get arrested when you come to China, I will accompany you in jail.
Xiao Feng's latest speech content is full of information!
After the seven ministries of China issued relevant regulatory documents in 2017, the lawyers of the Ethereum Foundation formulated a regulation based on "compliance risk": members of the foundation are not allowed to go on business trips to China. As a result, Vitalik has since been "absent" from China, not because he doesn't want to come, but because he "dares not to come."
Xiao Feng candidly suggested to the Ethereum Foundation: "Ethereum has fallen to this point today because you lost China."
Xiao Feng suggested that the Ethereum Foundation set up an office in Hong Kong and jokingly said: "We have the 11th Blockchain Conference in Shanghai in October. If you get arrested when you come, I will accompany you in jail."
Read the full text:
Xiao Feng's latest speech content is full of information!
After the seven ministries of China issued relevant regulatory documents in 2017, the lawyers of the Ethereum Foundation formulated a regulation based on "compliance risk": members of the foundation are not allowed to go on business trips to China. As a result, Vitalik has since been "absent" from China, not because he doesn't want to come, but because he "dares not to come."
Xiao Feng candidly suggested to the Ethereum Foundation: "Ethereum has fallen to this point today because you lost China."
Xiao Feng suggested that the Ethereum Foundation set up an office in Hong Kong and jokingly said: "We have the 11th Blockchain Conference in Shanghai in October. If you get arrested when you come, I will accompany you in jail."
Read the full text:
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To summarize, most eccentric VCs are full of paternalism, guiding project teams on how to build long-term, yet they sell tokens faster than anyone else.
https://www.techflowpost.com/article/detail_25555.html
https://www.techflowpost.com/article/detail_25555.html
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