BITWU

⚡️A simple indicator: How to judge if the altcoin season has arrived?——

If you can't understand the lines, just look at this, a simplified version of the altcoin season indicator——BTC.D, which indicates the market capitalization ratio of #Bitcoin in the entire cryptocurrency market.

Formula: BTC.D = (Bitcoin Market Cap / Total Crypto Market Cap) x 100

You can make a 【simple interpretation reference】——

Still rising > Altcoin season not yet
Above 50% > Altcoin season stand by
Reversing from a high point and declining > Altcoin season in progress
Gradually approaching 40% > Altcoin season maybe ending soon

It's best to look at it in conjunction with the price of $BTC——

BTC rising + BTC.D rising = Altcoins weak.
BTC rising + BTC.D falling = Altcoins strong.
BTC falling + BTC.D rising = People panic sell altcoins and turn to buy BTC.
BTC falling + BTC.D falling = Panic selling intensifies → Turning to stablecoins.

However, this can only reflect certain market sentiments and capital flows, and cannot be fully used as an investment conclusion. For specific coins, you can verify with auxiliary indicators!

Perle completes seed round financing led by Framework Ventures, launching AI-focused Web3 data ecosystem Perle Labs——

Perle announces financing——

Led by Framework Ventures, along with previous seed pre-seed, a total of $17.5 million has been raised.

But more than the financing, what I care about is a new product they released today — Perle Labs.

This is a direction I have rarely focused on seriously lately:

Using on-chain incentive mechanisms to turn 'human input' into a collaborative, verifiable, and rewarding AI data layer.

In short: the training of AI should not rely solely on annotators, nor should it only depend on data from large companies, but rather, everyone should be able to participate and gain ownership and benefits.

Perle Labs is positioned as an open infrastructure,

In theory, any team wanting to train a model can access human feedback — and the feedback process and quality can be transparently recorded on-chain.

AI is building the upper structure, while Perle is laying the foundational groundwork.

Perhaps this is the most critical piece of the puzzle that nobody is paying attention to.

Why am I still continuously关注 #ERA ?

A while ago, I specifically wrote a research report on Caldera #Binance Holder airdrop and mentioned it——

The reason for关注 Caldera @Caldera Official is that it is not just doing a simple Rollup project, but is attempting to solve the underlying problem of "multi-chain islands"——

What they are trying to do is "the internet of Rollups": making interactions between all chains as smooth as web page transitions, without bridges, without cumbersome transfer steps, and even without needing to understand the concept of "cross-chain".

Behind these imaginations, $ERA is the core fuel, not to mention that $ERA has already launched with a triple release from Binance + Coinbase + Upbit!

So I wrote last time, if this step comes to fruition, it would be incredible!

Especially since I recently discovered that Caldera has already accounted for 1/4 of the active Rollup number on Ethereum, with cumulative transaction counts approaching 1 billion, and TVL exceeding 400 million USD.

Clearly, they are not doing an ordinary Rollup, but are creating a whole operating system called "the network between chains": Metalayer ——

This system allows you to cross chains without bridges, without changing tokens, just by saying "I want to get USDC on which chain", and the system directly handles the entire interaction.

Imagine, in the future, we might really not need to understand the concept of "cross-chain"—— just like we currently don’t care about HTTP and TCP/IP.

Doesn't it sound like a multi-chain version of "Turbo App"? $ERA is the core fuel and staking token!

Join #BinanceTurns8 for the #BinanceTurns8 celebration event and share up to $888,888 worth of BNB! https://www.marketwebb.red/activity/binance-turns-8?ref=GRO_19600_GNKBO

Shocked by Morpho, the borrowing interest rate of 0.33% is insane——

Following Silo, the larger @MorphoLabs has also launched support for Pendle LP, currently opening three LP collateral pools for @ethena_labs assets:

🔹LP-sUSDe (25 Sep 2025) / USDT

🔹LP-sUSDe (31 Jul 2025) / USDT

🔹LP-eUSDe (14 Aug 2025) / USDT

The borrowing interest rate for LP-sUSDe (31 Jul 2025) is only 0.33%, a great arbitrage opportunity! The principles and operations are the same as the previous PT collateral——

1）Purchase LP-sUSDe (31 Jul 2025) on @pendle_fi, with an APY of 7.66%.

2）In the Tools section on Pendle, wrap the LP into Wrapped LP.

3）Mortgage your wrapped LP on Morpho to borrow USDT (with an LTV cap of 87%).

4）Use the borrowed USDT to buy LP on Pendle, and repeat the process.

After some calculations, if you invest 1000u and go through 2 cycles, the annualized return can be increased to 22.5%, and you can earn 25X sats points from Ethena, which is double the profit compared to simply holding PT or LP!

However, there are still risks involved. If extreme fluctuations occur (for example, ETH plummets → sUSDe unpegs → PT premium), it could trigger risks.

So, students engaging in circular lending should remember two points:

1. It is strongly recommended to limit to a maximum of two layers and maintain a liquidation buffer of 5%-10%, do not borrow to the limit.
2. The borrowing interest rate will fluctuate, set up monitoring, and if the rate surges, take timely action to prevent liquidation penalties!

Tragic, not enough to distribute丨After 4 rounds of consumption, is there any chance of a big win in today's TGE?

Users with Binance Alpha points over 200 can participate in the 30th wallet TGE.

This time the project is @Velvet_Capital (VELVET), an old project in the DeFi space, helping to launch and manage network funds and structured products. However, it's an Indian project...

It's quite closely tied to Binance, having conducted activities in the Binance wallet for two months. A few days ago, @yzilabs led an investment of 3.7 million dollars, and today it goes to TGE.

⏰ Subscription time: July 10, 2025, 16:00~18:00

Once again, please remember to authorize in advance! The opening will sell out instantly, allowing you to earn dozens of U more than others—

1) Open the VELVET contract: https://bscscan.com/token/0x8b194370825E37b33373e74A41009161808C1488#writeContract

2) Click on the menu bar above 'Contract' -- 'Write Contract' 'Connect to Web3', connect your wallet

3) Find the function: approve

4) In 'spender', enter: 0xb300000b72DEAEb607a12d5f54773D1C19c7028d (authorize to Binance Dex)

5) In 'value' (authorization amount) fill in 0xffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffff (unlimited amount)

6) Click Write, then sign to confirm the authorization in the Binance wallet. After claiming the tokens at 18:00, you won't need to wait for on-chain authorization confirmation, you can sell directly.

#Binance 8th Anniversary, Congratulations: The community remains, old friends remain!

First, I would like to thank Binance for the eighth anniversary gift; each gift is a super surprise! Unknowingly, Binance has been around for eight years, and these eight years of Binance are also my eight years in the industry!

Over the past eight years, we have witnessed the ups and downs of the industry, witnessed one black swan after another, Bitcoin has been declared dead countless times only to rise again countless times.

Many industry participants, projects, and exchanges have come and gone, and there are not many that have survived for eight years, yet Binance has become a symbol of the crypto world.

It has witnessed the journey of crypto assets from the fringe to the mainstream, from geek culture to a new battleground for global capital.

As an observer, participant, and a small builder in this industry, I thank Binance for bringing openness, innovation, and vitality to the industry over the past eight years.

I wish Binance continued steady progress, and may it still stand at the forefront of the upcoming crypto waves in the future.

For the next eight years, I also hope that friends who come across this tweet will still be here!

This passage is too realistic:

The illusion of hindsight in human nature is very strong.

If one is not beaten up by the real world for twenty or thirty years, and if one does not seriously review the various mistakes made step by step in writing, one may sincerely and frivolously misjudge that one can easily seize the opportunity of a tenfold or hundredfold stock in the future.

But when the actual opportunity comes, either it cannot be seized; or if it is seized, one makes a little money and then runs; or one is tempted by false opportunities, starts making a little money, and then quickly falls into a big pit, losing even more.

This implies a complex reflection on human misjudgment, self-awareness, investment psychology, historical analogy, and the evolution of knowledge—

1. The greatest investment illusion is thinking that "the current me" can make "the godly operation of the future."

2. Opportunities are not seized by intuition; they are expanded inch by inch through the boundaries of understanding.

3. If one cannot honestly review the foolishness of the past, one cannot truly understand the difficulties of the future.

4. Reflection is not about reviewing results, but about training how to make judgments in the present with less emotional influence.

5. To navigate through cycles, one must first find information that others do not look at but one can understand—this is the source of alpha.

⚡️It seems that not resigning and just collecting a basic income is still feasible; isn't that good fortune coming?

Today you can try three meals from one fish:

1
MGO @MangoOS_Network: Multi-virtual machine full-chain basic network.

210 points, no distinction between first and second tier, first come first served, everyone should be able to participate, remember to grab it at 16:59.

2
DMC @DeLoreanlabs: The web3 department of DeLorean Motor Company, soon to launch the world's first tokenized electric vehicle.

Score not yet announced, trading starts at 19:00.

3
NEWT @MagicNewton: Chain abstraction and AI agents.

Score not yet announced, already cleared the two major pump platforms Upbit and Bithumb, trading starts at 22:00.

🚨Two consecutive attacks, hackers have targeted the information sources of the Crypto circle——

A few days ago it was CMC, today it is Cointelegraph, both have been front-end hijacked, popping up wallet verification or airdrop pages that cannot be closed.

On-chain data shows that CMC has confirmed 39 victims, with total losses of about 18,500 USD.

This amount is not large, but what is truly concerning is the increasing precision and disguise of such attacks—many people are completely unguarded against the information websites they browse daily, and their sense of trust has ironically become the biggest flaw.

📌 Retail investors must remember——

1⃣ Try not to connect wallets on information websites

Even major sites like CMC, Cointelegraph, and The Block can be subject to front-end hijacking.

Read news just to read news, try not to connect wallets. All wallet connection operations should only be done on official Dapps or official link pages.

2⃣ Use wallets + plugins with security alerts

Some wallets and plugins have “simulation signature risk” warnings, and will provide pop-up alerts if abnormal authorizations occur.

Rabby Wallet: Automatically simulates contract calls and marks phishing risks.
Wallet Guard / Pocket Universe plugin: Automatic alerts before signing.
GoPlus Plugin: Marks malicious contracts and filters phishing domains.

3⃣ Establish basic operational habits

After using any website, disconnect the wallet connection, and do not leave long-term connections open.

For actions involving authorization, be sure to confirm the target and permission type. SetApprovalForAll, Permit, and delegate are high-risk actions that must be confirmed clearly.

4⃣ Device isolation, one device for one purpose, reduce the infection surface

Try not to connect your main wallet in your daily browser to check airdrops, earn points, or click pop-ups; use one device for one purpose: a dedicated device for airdrops, a cold device for storing coins, and a hot device for operations, clearly defining roles.

Main wallet: only for storing coins, not connecting, not signing randomly.
Airdrop wallet: specifically for airdrops, minting NFTs, and completing tasks, without storing large assets.
Test wallet: can connect to unfamiliar projects for experimentation.

Additionally, try to use cold devices (old phones or standalone browser configurations) for sensitive transactions.

Separate browser profiles, do not use the airdrop Chrome plugin wallet for significant DeFi investment operations.

⚖️ 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"!