BITWU

⚖️ The report from the Mainland People's Court proposes: The involved virtual currency can explore a "compliance monetization abroad + black hole destruction" dual-track mechanism.

As far as I know:

Actually, relevant departments have done this long ago—

Some sovereign governments or POLICE agencies have engaged with Tether to transfer USDT-related involved assets into a black hole or destroy them, and then reissue new USDT to the government for disposal and monetization!

The benefit of this is turning seized assets into actual assets: for example, if some criminal suspects are brought to justice, and the investigating unit seizes their Tether, but cannot access the private key, it becomes a huge piece of worthless paper,

As seen in a case in Hubei Shayang involving hundreds of billions related to bo vegetables.

The main core personnel were abroad and did not come to trial; the hardware wallet only had a password, no private key, could be opened, but could not be transferred. The funds were too large, and later everyone was afraid of violating regulations, no one dared to touch it.

If they wanted to operate, they could do it this way—

✅
The government connects with Tether → destroys → reissues → judicial assets are converted into liquid funds.

This mechanism can solve:

1️⃣
The judicial circulation dilemma of assets without private keys

2️⃣
Increase case handling efficiency and transparency of legal disposal

3️⃣
Grant actual judicial effect to the “black hole address”

💥
The key is not “destruction,” but “empowerment”!

The establishment of such mechanisms not only has practical feasibility but also addresses the following three major judicial pain points:

1️⃣
Technical deadlock: Inability to obtain private keys leads to permanent freezing of assets, greatly wasting judicial resources;

2️⃣
Lack of legality in monetization: Even if the funds are “movable,” there is a lack of on-chain compliant monetization channels;

3️⃣
Cross-border cooperation barriers: On-chain assets are inherently decentralized, and cross-border legal enforcement is weak.

🚨Danger Danger Danger! Your Google account may not be secure, act fast to ensure security—

According to Cointelegraph, over 16 billion login credentials (username + password) from Apple and Google have been leaked, potentially leading to:

1️⃣
If you use the same email for your wallet, exchange, and social accounts, attackers may use the email + password combination to access them.

2️⃣
SMS/email verification can be bypassed, and attackers may modify and reset your exchange password or social account.

3️⃣
If you use a password manager but have set a low-strength master password or have not enabled 2FA verification, all your mnemonics, private keys, API keys, notes, etc., stored in the manager could be compromised.

4️⃣
Scammers can use your leaked information for targeted phishing, such as impersonating exchange customer service, DAO administrators, etc., to trick you into "signing authorization" or clicking malicious links.

✅
Prevention Suggestions (recommended to check and improve immediately):

1) Immediately change important email and exchange account passwords, and use a high-strength independent password; do not use the "email + unified password" logic.

2) Enable 2FA verification on every platform. (Very important!!)

3) Use tools like DeBank, Revoke, etc., to check wallet authorization records, and revoke expired DApp authorizations to prevent "backdoor withdrawals."

4) Do not trust, click, or fill in any requests for signing, authorization, or wallet connection invitations!

Looking at Wall Street's latest predictions on interest rate cuts, it’s getting more and more interesting——

1. No rate cut faction: Morgan Stanley, Bank of America → Insist "there will be no rate cuts this year"

These institutions are deeply tied to the traditional credit system; they do not want interest rates to drop too quickly because the debt yield spread structure and demand for short-term bonds are their fundamental sources of income.

With stable interest rates, they can continue to engage in carry trade and regulatory arbitrage.

2. Moderate dovish faction: Goldman Sachs, Deutsche Bank, Nomura → Predict "one rate cut in December"

This faction seems to be taking a strategic compromise, betting on a soft landing + policy balance point:

On one hand, they cannot completely deny the downward trend of inflation and must not overlook the political pressure for rate cuts; on the other hand, they cannot bet too quickly on liquidity easing, fearing early decoupling or being backfired by the data.

3. Aggressive rate cut faction: UBS, Wells Fargo → Predict "four rate cuts starting in September"

Their core logic is not about a soft landing, but betting — if there’s no cut, it will explode.

This faction believes:

A massive explosion in U.S. Treasury supply + a continuously expanding deficit
Geopolitical friction, concentrated refinancing pressure on corporate debt
The Federal Reserve’s "tough talk without action" is merely a temporary avoidance of risk; the risk will ultimately explode

Clearly, due to the Federal Reserve's slow actions + passive response, the divergence in interest rates is starting to spiral out of control, and the market is entering a stage of "each betting on their own, proving their own path."

Now, with continued pressure from those in power, the Federal Reserve's passive rate cuts are just a matter of time.

At this point, it’s advisable for everyone to reassess their positions and consider whether their current allocation logic is still sound.

Always remember a fundamental logic —

When the system’s anchor begins to shake, the market will instinctively seek new pricing benchmarks and value storage consensus.

True major market movements do not occur when everyone predicts correctly, but when all predictions begin to collectively fail.

And $BTC is one of the biggest natural beneficiaries in this "uncertainty structure"!

The largest Launchpad on Sonic so far: it's not just a simple sale but a 'privileged position' in an ecosystem?

After looking around at the $AQUA sale of Atlantis, I actually feel that this project is a bit 'too clever':

Clever in mechanism: it's not just a simple airdrop for people to take and run, but instead uses a profit pool with an APR of 600%+ and a Launchpad ranking mechanism to 'keep' people around;

Plus, with projects like SynapGG launching first, along with dual incentives from GEMS and xAQUA, a complete closed loop has been clearly established;

This new chain Sonic is now like early Solana, just starting out, but with a clear narrative, unified traffic, and strong projects;
AndreCronjeTech's approach has always been aggressive, known as the 'King of DeFi', and the 'AC system' has also become synonymous with wealth at one point;

@AtlantisOnSonic is the beginning, what you see is not hype, but rather 'using mechanisms to force you into long-termism'.

But the most brilliant part is not these, but the sale itself:

Not relying on memes, but breaking through with structural design, this might be the first project on Sonic that truly runs through the ecological chain.

There are still 4 hours left, the price hasn't been listed yet, and the window period is still open;

Too many people underestimate the power of the stablecoin bill; in my view, this is simply the genius version 3.0 of dollar hegemony;

This bill has an inevitability from conception to launch, and you can find the answers in history —

1) Dollar 1.0: Dollar hegemony under gold peg

The United States established its 1.0 hegemonic position with gold reserves + post-World War II reconstruction funds. Soon after, in the 1960s, the Vietnam War fiscal deficit and the hollowing out of American industry led to continuous selling of the dollar, and France's De Gaulle directly used warships to bring back gold.

Until 1971, Nixon closed the gold standard, the Bretton Woods system collapsed, marking the end of the 1.0 era.

2) Dollar 2.0: Petro-dollar hegemony

After decoupling from gold, the dollar began to enter the era of fiat currency.

The hallmark was the signing of the US-Saudi agreement in the late 1970s, which mandated that global oil trade must be settled in dollars, establishing the petrodollar system.

During this phase, the dollar's hegemony was not based on gold but on the dominance of global energy circulation, the credit of US debt (the largest, deepest, and most liquid bond market in the world), and the geopolitical security provided by the US military + NATO.

Until after the 2008 financial crisis, the dollar began to be wildly over-issued, and the world increasingly relied on the liquidity printed by the United States, leading to uncontrolled US debt and no second alternative reserve asset found globally.

3) Dollar 3.0: On-chain dollar hegemony

During this period, the stablecoin bill passed directly, becoming the new transmission mechanism for the dollar. The dollar is placed on-chain, without needing to go through banks, SWIFT, or clearinghouses.

Even if a certain country implements capital controls or financial de-dollarization, the common people can still bypass these restrictions, directly using USDT or USDC to store and transfer value.

To summarize —

Dollar 1.0 → Physical gold peg
Dollar 2.0 → Geopolitical energy peg
Dollar 3.0 → On-chain liquidity peg, essentially the digitization of the dollar + expansion of disintermediation

This energy game is very interesting; web3 believes we need to protect wealth sovereignty amidst over-issued currency, while hegemonic governments want to use web3 to solidify their hegemony.

Now there is no common enemy; we only have common interests. By bringing more people into this system, the rise becomes a common goal, which is bound to happen!

⚡️An amazing signal: $HYPE market cap surpasses SUI, ranking 13th in market cap——

The speed at which Hyperliquid has risen this round is truly beyond everyone's imagination. A derivatives DEX can achieve this market cap in just six months, attracting various whales to open positions, and Xiaohong continues to be bullish...

I think everything can be summarized in one trend:

The narrative is shifting from infrastructure to product, and the market is rewarding "less but better" products.

In the past few years, we have been obsessed with L1, cross-chain, modularity, and new consensus mechanisms, but the fact is—only a very small number of people truly care about your underlying structure.

What can really break the market now is whether you can produce a product that truly has users, makes real money, and can attract on-chain capital flow.

Not just Hyperliquid, this is also the cyclical law of the entire industry:

Phase 1, infrastructure explosion: public chains, L2, modularity, consensus innovation, everyone is competing, a hundred flowers bloom.

Phase 2, application layer breakthrough: which applications can truly make good use of these infrastructures, find entry points, and achieve scale effects, who becomes the core of the next narrative.

From DeFi, RWA, SocialFi, to AI×Crypto, derivatives DEX, the future narrative focus may no longer be on the TPS of the chain and the compatibility of L1, but rather:

Who can build a financial machine that funds, users, and strategies cannot do without.

There is no need to say "we can accommodate the entire ecosystem"; you just need to prove: in a single scenario, I am stronger than anyone else.

I think this is a structural shift that the #Crypto industry will inevitably undergo——

When the underlying track is oversaturated, and the infrastructure is saturated, the market's focus will shift from "who can carry more ecosystems and distribute more subsidies" to "who can directly create perceivable value."

So now, when looking at projects, you cannot only consider the narrative; you need to look at what kind of financial machine the market needs——

1. Funds need more efficient liquidity matching and risk management;
2. Users need usable products with lower thresholds and higher security;
3. Strategies need stronger combinability and a more predictable game environment.

You must learn to apply the idea and formula of capital density + clear scenarios to find financial machines like Hyper.

Understanding this logic will help you understand why Xiaohong has been shouting about Hyper and Pendle this round.

⚡️Just found this chart, there is a key number - SOMA: $14,825,704,800.

Many people don't understand what this means, but the core question is simple: Has the Federal Reserve secretly started QE again?

In simple terms, technically speaking, yes; mechanism-wise, no; structurally in the market, it hasn't really stopped.

Let me give you an example and you'll understand -

Your household decides to pay off a maximum of 5000 yuan in loans each month (QT cap), but one month suddenly has 8000 yuan of debt maturing.

You can't default, so you make up the 3000 yuan to continue 'buying' part of the debt, and then slowly pay it back, ensuring you haven't exceeded that 5000 yuan budget limit.

This 3000 yuan is the 'SOMA add-on'.

An increase in SOMA replenishment scale indicates that QT has started to hesitate. What the Federal Reserve is doing now is this: claiming QT, but secretly buying bonds to replenish. The nominal shrinking of the balance sheet is still there, but the marginal liquidity is turning.

Since March, the QT balance sheet reduction cap has been lowered from 25 billion to 5 billion, sending a signal to the market: 'I'm afraid to shrink too fast fearing something bad will happen.'

This replenishment operation is different from the proactive liquidity release (QE) we usually see; it doesn't count as QE mechanism-wise, but in terms of market impact, the effect might not be much different, as it does release money.

Because the market doesn't look at whether you are doing QE, but whether you are continuing to inject liquidity into the system.

So, you don't need to wait for the Federal Reserve to formally announce 'we are restarting QE', just look at how it fears stopping and starts buying back bonds, and you'll know -

The next round of liquidity cycle has already secretly begun in the details.

The name doesn't matter, as long as the money comes in.

It's like the Federal Reserve doesn't really want to provide fuel anymore, but realizes that if it stops too quickly, the car will flip, so it starts to secretly add a bit of gas.

And #bitcoin is like a passenger sitting on the roof of the car:

You may not drive, but as long as the car is moving, it will soar!

BTC / ETH on Exchanges = New Lows
= Old Players HODLing + New Paradigm Rising——

As of May 21, 2025, the stock ratio of Bitcoin and Ethereum on centralized exchanges continues to decline,

The percentage of $BTC on CEX is at its lowest point in 8 years, and the percentage of $ETH is at its lowest point in 10 years.

What can we see:

1️⃣ Investors tend to 'hold long' HODL and staking has become the main theme;

2️⃣ The supply of assets that can be sold decreases, market supply tightens, creating structural positive effects on prices. The bull market starts when 'no one wants to sell'.

3️⃣ $ETH is more special—it's not just taken out and left in cold wallets, but flows to L2, staking, and Restaking, entering the real on-chain economy.

4️⃣ A real DeFi bull market sometimes doesn't mean you're seeing funds coming in, but rather that assets start to 'hide' away.

Binance MPC Wallet Security Usage Guide: Detailed Explanation of Backup and Recovery Process

A crucial guide for using the Binance wallet——

1️⃣ What is an MPC wallet?

2️⃣ Under what circumstances is your wallet safe?

3️⃣ How to back up the Binance wallet;

4️⃣ How to recover the wallet;

✅
Summary of key recommendations:

1) It is strongly recommended to back up, at least complete a quick backup or cloud backup.
2) Do not lose the recovery password, do not delete backup files.
3) Be cautious with QR code backups to prevent leakage.

Additionally, it is recommended to study and save this image;

Brother Blue Fox's content highlights:

Ethereum is laying the foundation for the global cryptocurrency financial infrastructure, and behind it, there are actually two deep-seated logics:

1️⃣ The introduction of off-chain incremental assets will directly increase the security value pricing of Ethereum.

2️⃣ RWA will activate real transactions and financial activities within the Ethereum ecosystem.

The original spirit of DeFi will be reborn within institutional logic —

The winner of this RWA war is very likely to be the financial king of the next generation of the crypto world.

💤Is your idle SOL just lying around in regular staking?

Recently, many friends have asked me where to put SOL since there are not many good MeMe options available.

I usually put it into BNSOL Super Staking for a simple reason:

If you don't plan to operate in the short term, it's almost the best choice I've seen:

1️⃣
Yield Stacking: Basic staking yield ✅ + Daily LAYER airdrop ✅, you can benefit without any cost.

2️⃣Flexible Use: BNSOL can be traded, withdrawn, and used in DeFi, unlike traditional staking which locks your assets, allowing for both yield and flexibility.

3️⃣About 4 days for redemption, suitable for medium to short-term allocation, so you're not too passive when you want to take action.

Tested experience: Withdrawals arrive instantly, no hidden fees, the goal is to have output without doing anything, and you can always back out; for details, please see →

详细解释请看：

Just saw on Binance Square that there are various calls for mutual follows. It turns out everyone is posting this: saying that new square users can complete tasks to earn 50 Alpha points. - -

Don't get overly excited; I've already verified this for you——

This activity is using the square's reward points, not the Alpha points we are accumulating.

Don’t habitually accept information; seek verification and think critically. Otherwise, it's easy to just become a parrot that repeats what others say.

Another listed company DDC has launched a Bitcoin strategic reserve plan, aiming to accumulate 5,000 Bitcoins within three years.

As I mentioned before, a structural buying trend has begun to emerge:

As companies face a declining consumer power environment, all the benefits of hard assets are fading, and they have no choice but to turn to BTC as a lifeline.

It’s not that companies choose BTC; rather, companies can only choose BTC!

This will gradually form a principle of thought—

Whenever there is a demand for hedging in the future, there will definitely be a dish of #Bitcoin on the table, which cannot be skipped.

This is the source of structural buying!

Wall Street brokerage firm Bernstein predicts that by 2029, global companies will add $330 billion in Bitcoin holdings.

So in the future, it will prove that saying:

Institutional buying of Bitcoin is not good news for Bitcoin; Bitcoin being bought by institutions is good news for institutions.

#Binance Exclusive TGE of the 11th Batch ｜ Strongly recommend everyone to trade Binance Alpha assets when you have time——

Note: Binance wallet will soon launch the exclusive TGE of Hyperlane ($Hyper): Hyperlane is a permissionless cross-chain interoperability communication protocol for different blockchains.

Subscription Time: April 22, 2025, 17:00 - 19:00 (Beijing Time) Each wallet still has a limit of 3 $BNB.

Note: Just like last time, not all accounts are eligible! You must have traded at least $20 of Binance Alpha using the Binance non-custodial wallet or exchange between March 22 and April 20 to be eligible to participate in the TGE subscription.

You may have also noticed that recent airdrops and wallet TGEs from Binance are linked to Binance Alpha, so do trade a bit when you can!

Sincere suggestion: $20 won't cause any loss or deception, and it can get you a bunch of upcoming airdrops and pig’s feet noodles!