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Why am I optimistic about Ethereum? - Interpretation of Ethereum's value
Today is another day of market crash, with Bitcoin falling 3% and altcoins falling 30%. As an old investor in the cryptocurrency circle, this kind of market should be nothing new to me, so there is nothing much to say about the market. I have talked about a lot of altcoins recently, and they are all rubbish projects, just like the market, the big market is only 1% of the time, and 99% of the time it is rubbish. As someone who is determined to help new investors, I must talk about Ethereum today!!! Because Ethereum fell below 2500 today, there are various voices in the market that are pessimistic about Ethereum. I have mentioned many times that those who do not understand Ethereum and are pessimistic about Ethereum do not need to play in the cryptocurrency circle. Because they may not even read the most basic white paper of Ethereum, let alone the contribution Ethereum has made to the industry.
Former U.S. President Donald Trump announced the launch of the 'Gold Card' website on his social media platform 'Truth Social' by posting a URL. Trump stated that the waiting list for registering for the 'Gold Card' is now open on this newly released website. The team led by Elon Musk, who was the head of the 'Department of Government Efficiency' (DOGE), is responsible for developing the 'Gold Card' system. Relevant documents indicate that Musk's team of engineers has collaborated with officials from the State Department, the Department of Homeland Security, and the Immigration Services Agency to develop this visa application website and approval process. Reports also suggest that this project marks a shift in the functions of the 'Department of Government Efficiency,' moving from the initial goal of cutting government spending to generating fiscal revenue.
On May 11, Musk stated that the 'Gold Card' website has entered the testing phase. He posted on social media platform X: 'We are conducting small-scale tests to ensure the system operates normally. Once comprehensive testing is complete, the President will officially announce the plan and open it to the public.'
When Trump first proposed this idea, he stated that the 'Gold Card' would replace the EB-5 immigrant investment green card program. Data shows that the EB-5 visa allows immigrant investors to invest between $800,000 and $1.05 million to obtain a green card. The investment funds will be used to help create or preserve jobs in the United States. $BTC
Today, we're looking at two projects: one is HOME, a trading platform, and the other is the metaverse social fan token IDOL.
1. Defi app-HOME Home launched on June 10, focusing on a user-friendly Defi application, lowering the threshold for users to utilize web3. Through DeFi.app, users can purchase tokens on any blockchain, engage in 'instant, one-click' cross-chain transactions, access decentralized derivatives markets, and gain earning opportunities—all without paying gas fees or setting up bridges. The platform uses 'full-chain abstraction' to eliminate gas fees, employs passwords and biometric technology for security, and does not require Know Your Customer (KYC) checks.
Users with positions above 100 million in Hyper can know their positions, opening points, and multiples. This targeted sniping is accurate every time! $BTC
Will the Delta-Neutral Stablecoin Resolv Repeat the Mistakes of Usual?
Today we will look at the recently launched stablecoin project - Resolv, which is listed on exchanges such as Binance Alpha, OKX, Bybit, and is currently launching an airdrop. Although this stablecoin is also over-collateralized, I feel there are some issues after reviewing the overall picture. Let's examine its 'explosive points' and see if it will replicate the usual path. Introduction Resolv is a decentralized stablecoin protocol on Ethereum, aiming to create a crypto-native, sustainably yielding stablecoin - USR, without excessive collateralization.
1. Overview of Protocol Structure USR is a stablecoin backed by Ethereum (ETH) and Bitcoin (BTC), pegged to the US dollar. It maintains a stable exchange rate of 1 USD through a Delta-Neutral (market-neutral) strategy.
My cousin is going all in on AI, saying he wants to contribute to humanity, and it doesn't matter if he's on the richest list or not. As expected, successful people all say the same thing. Jack Ma once said he was never interested in money! $BTC
Ethereum is taking off across the board, what about those who criticize Ether? I have said before, if you don't understand Ether, you shouldn't be in the crypto space. $ETH
Overview of Good Projects in the Base Ecosystem (Part 1)
Today we will look at the project situation in the BASE chain ecosystem, because with the listing of Circle, the path that the crypto world must take is compliance, and currently BASE is the most orthodox and most likely to become a compliant public chain, because BASE is a chain developed by Coinbase, and Coinbase is a publicly listed company on NASDAQ in the United States, so it has the potential for compliance.
Therefore, compared to other chains like ETH or SOL, projects on Base have relatively low market caps, so the potential is greater. Let's take a look at which projects can be laid out. First, exclude tokens that cross-chain from other chains, we only look at those on the Base chain (so LINK, AAVE are excluded).
The number of Doge holding addresses exceeds 8 million. On May 14, in my article 'Who will become the 500 billion meme king in the 25-year raging bull market?', the number of Doge holding addresses was 7.8 million. In just 20 days, it increased by 200,000 holding addresses. How much can your Doge reach this time? #加密市场反弹
The globally authoritative high-net-worth research organization Hurun Research Institute released the 2024 Hurun Wealth Report today. This is the 16th consecutive year that Hurun Research Institute has published this report. The report reveals the current number of wealthy families in China, their regional distribution, and demographic profiles. It provides the number of families with total wealth of 6 million yuan, 10 million yuan, 100 million yuan, and over 30 million USD, along with the corresponding number of families with investable assets. This report covers a total of 108 cities across 34 provincial-level administrative regions in China, including Hong Kong, Macau, and Taiwan, aiming to comprehensively reveal the scale and distribution changes of wealthy families in China.
Wang Ning became the richest person in Henan thanks to this labubu doll, which has also increased a hundredfold. Some people are speculating, and there isn't much difference in essence between this and NFTs or FTs. It can be said to be a compliant way of playing domestically. $BTC
South Korean actress Jun Ji-hyun's husband lost 15 billion won in cryptocurrency, wemix is also South Korea's largest blockchain gaming project, and it was also a hundred times coin that was broadcasted, what a pity. $BTC
Currently, MicroStrategy is the institution that holds the most Bitcoin, with approximately 580,955 Bitcoins held, a total investment cost of about 33.139 billion USD, and an average purchase cost of 66,384.56 USD per Bitcoin. Based on the current currency price (105,000 USD), they have already made 22 billion USD (10,500 - 66,384) * 580,000.
What does this mean? I checked MicroStrategy's revenue situation after 2020, and it was only about 4-5 million USD a year. In other words, just by buying Bitcoin, MicroStrategy has already made money equivalent to its normal revenue for 4,000 years. So what’s the point of being a company? Just lay off all the employees and hoard coins!!#Strategy增持比特币 $BTC
Is there a risk in SharpLink hoarding Ethereum? & Future derivative thoughts!
Today let's talk about Ethereum. Recently, there was a significant event where the US listed company SharpLink announced plans to raise 425 million USD through a private placement (PIPE) by issuing 69.1 million shares of common stock at a price of 6.15 USD per share to establish a reserve fund for Ethereum (ETH). This move triggered a strong market reaction, with SBET's stock price soaring over 1000% within a week and trading volume surging by 7200%.
SharpLink is an online technology company based in Minneapolis, Minnesota, USA, focused on providing performance-driven marketing solutions for the sports betting and online gambling (iGaming) industry.
Trump and Musk Feud Timeline Escalation of Conflict: Fiscal Legislation and Power Struggle May 2025: Musk announces he will leave DOGE on May 30, citing a focus on the operations of Tesla and SpaceX.
"One Big Beautiful Bill Act": The bill promoted by Trump is criticized for increasing the deficit by $2.4 trillion. Musk publicly opposes the bill, calling it "bloated and inadequately reviewed," and urges Congress to veto it.
Trump's Response: Accuses Musk of being "ingrate" and threatens to terminate government contracts with SpaceX and Tesla, claiming Musk's opposition stems from dissatisfaction with cuts to electric vehicle subsidies.
Public Break: Intense exchanges on social media Musk Strikes Back: On social platform X, Musk accuses Trump of being "ingrate" and suggests a connection to Jeffrey Epstein, even calling for Trump's impeachment.
Trump Strikes Back: Calls Musk "crazy" and threatens to investigate his immigration status and drug use.
Economic Impact: Tesla's stock price briefly falls by 15%, with a market value loss of over $150 billion.
Underlying Reasons for the Breakdown Conflict of Power and Interests: Musk's layoffs and spending cuts at DOGE trigger discontent within the government, especially conflicts with Secretary of State Rubio.
Policy Differences: Musk opposes the fiscal deficit and cuts to electric vehicle subsidies in the "One Big Beautiful Bill Act."
Personal Grudges: Musk believes he played a crucial role in Trump's re-election, while Trump believes Musk's opposition is driven by personal interests. #特朗普马斯克分歧
Circle IPO: The Rise of the Stablecoin Dominator or a Cornered Beast Under Regulatory Floods?
In 2025, the crypto industry received an important signal: the stablecoin giant Circle is accelerating its IPO process. As the issuer of USDC, Circle's listing not only holds profound significance for its own development but may also reshape the entire stablecoin industry landscape and even influence traditional finance's understanding and attitude towards crypto assets. However, going public is not just about flowers and applause. It is a gamble that crosses regulatory red lines and a declaration for higher transparency and compliance standards in the entire crypto ecosystem. What does Circle's IPO really mean? Is it a blessing or a hidden danger?