Wall Street Giants: Meet these two conditions, and there will be an altcoin season.
In the podcast The Rollup, I spoke to the portfolio manager of VanEck, a major asset management firm on Wall Street, who shared his views on the current cryptocurrency landscape. I have summarized the points as follows:
99.9% of tokens are garbage. ——Currently, the market capitalization of altcoins exceeds 700 billion USD, but most have no revenue, no applications, and no value.
Institutional entry? It only looks lively. ——What you think they are doing is buying tokens; in fact, they are 'building products', not taking over, but paving the way.
Tokens without revenue are just leftovers of the internet. ——Projects that cannot be monetized will eventually be eliminated; tokens ≠ stocks, there must be a clear return path.
[Essentials] From 100,000 to 1 billion, a study on top retail investor mindsets
He is an old player in the capital market, having struggled for about ten years. He relies not on insider information but on his own understanding, gradually building his capital from 100,000 to 1 billion. He shares all his insights from becoming a 'leek' to a big player, which is very valuable for us to learn from. The reason everyone likes him is also because he: 1️⃣ Inspirational stories of turning adversity into success He started as an ordinary retail investor, experiencing significant drawdowns multiple times but returning to peaks. This experience of 'falling and then rising again' resonates with stock investors. 2️⃣ Operational style close to retail investors Living Off Trading primarily focuses on short-term trading, hitting boards, and tracking capital flows. His style is not as aloof as some institutions or big names, making it easy for retail investors to learn and apply.
Cathie Wood Talks Bitcoin Again: The First in 500 Years
This June, Cathie Wood was interviewed by CEO Diary, systematically explaining her views and recommendations on investing; the original video was 100 minutes long, and I have summarized it into 25 key points as follows:
Bitcoin is another 'asset class revolution' after 1600.
She calls Bitcoin 'the first truly new asset class since stocks emerged in 1600,' with its independence and non-correlation forcing institutions to allocate to it.
From the perspective of portfolio construction, she emphasizes the 'diversification premium' that Bitcoin brings, rather than just speculating on coins.
Original: 'We haven’t had one truly since equities in the 1600s... institutions have to consider it.'
From civil servant to a 100 billion crypto big shot, he only took five years.
From an ordinary civil servant in Jiangsu to a crypto big shot managing a 100 billion fund, he only took five years. "Twenty years later, at most, I would rise to a deputy bureau level, earning what seems to be a decent salary, about 15,000 yuan a month." On a deep night in March 2013, an ordinary employee from Changzhou, Jiangsu, curled up in front of a computer in a Shanghai rental, the screen's faint light reflecting his weary face. Not wanting to live a life without hope, he had just quit his public job to work as an operator for a Taobao underwear store in Shanghai. At this moment, director Wang Xiaoshan's brief words about Bitcoin on Weibo struck like lightning, cutting through his confused life.
[Tutorial] How to Participate in Virtuals Registration and New Projects
The new project participation in the Virtuals ecosystem is very impressive, with dozens of projects appearing almost every day.
The key point is that compared to Binance where tens of thousands of people join, now only a few thousand people participate in a project on Virtuals.
I suggest everyone participate, after all, points are earned by writing, so what’s there to be afraid of?
Update the registration and new project participation process to guide newcomers. 1 Registration First, enter the official website: app.virtuals.io/referral?code=dPzyKb.
After seeing the pop-up in the picture below, you can choose to register with an email or with a wallet. I chose wallet registration.
Today's White House crypto summit laid bare Trump's skin.
In the early hours of March 8, Trump's organized White House crypto summit was quite something: 1. Strategic Bitcoin reserves have been established, but 'without spending money.' Trump signed an executive order announcing the establishment of a national Bitcoin reserve, but the Bitcoins in the reserve will rely entirely on confiscated assets (like assets seized in criminal cases) and will not be purchased. This was criticized by the market as 'stingy,' leading to a temporary drop in Bitcoin prices. However, in the long run, this marks the first official acknowledgment of Bitcoin's reserve value by the U.S. government. 2. Stablecoin legislation is a focus, but it needs to wait. The summit clearly aims to promote a regulatory framework for stablecoins (like USDT and USDC), with the goal of completing legislation before August, aiming to solidify the international status of the dollar. However, how to regulate them has not been clarified yet, and we need to see future developments.
White House Cryptocurrency Summit, which tokens are affected
On March 7th, this Friday, it will be hosted by Trump, inviting a large number of insiders from the industry, which is likely to influence the upcoming cryptocurrency landscape.
The existing attendees that have been revealed, as well as those that have not yet been disclosed and are still being speculated upon, all have corresponding tokens behind them. Below is an overview of these relationships, and everyone should pay attention before the meeting: #白宫首届加密货币峰会
Yesterday (2/25), BTC flash crashed to 87,000, with over 1.5 billion liquidated across the network! There are five main reasons: 👇
1️⃣ Regulatory Black Swan South Dakota vetoed the Bitcoin reserve bill, combined with EU sanctions on Russian cryptocurrency exchanges, resulting in policy uncertainty that severely undermined market confidence. Expectations for institutional capital inflow were shattered, leading to intensified panic selling.
2️⃣ Largest Hacking Incident in History Bybit was hacked for 1.5 billion in ETH, with dual impacts from hacker selling pressure and a crisis of trust in exchanges. Security vulnerabilities exposed fatal flaws in the industry, causing funds to accelerate their exit.
3️⃣ Trump Tariff Shock A 25% tariff plan on Mexico and Canada has heightened inflation expectations, with US Treasury yields soaring to 4.5%. Risk assets were sold off, with BTC being the hardest hit.
4️⃣ Leverage Bubble Burst High leverage contracts (some over 100x) triggered a chain liquidation, with 950 million in forced liquidations triggering a death spiral. The funding rate for perpetual contracts turned negative, with shorts dominating the market.
5️⃣ Sudden Change in Institutional Behavior MicroStrategy changed to convertible bonds, with a 75% drop in purchasing speed. The logic of "institutional support" has collapsed, leading to the disintegration of liquidity support.
🌪️ The current greed index has plummeted to 25 (extreme fear), and key technical support has been broken. Pay attention to the miner shutdown price of 78,000!
🔥Shocking news! The biggest crypto robbery in history! Bybit was stolen for $1.5 billion! 🔥
The onlookers were stunned! In the early hours of this morning, Bybit exchange suffered an epic hacker attack, and $1.5 billion of ETH disappeared! It directly broke the record of human crime history, even the $1 billion theft of the Iraqi central bank was inferior to it!
Hacker's tricks: 👉 Phishing attack + fake signature interface, deceiving multi-signature auditors 👉 Secretly tampering with smart contracts, instantly emptying cold wallets 👉 North Korean hacker group Lazarus Group took the blame (old acquaintance!)
Bybit quickly rescued: 💪 CEO live broadcast: "User assets are 1:1 guaranteed, withdrawals are normal!" 💪 350,000 withdrawals were processed overnight, 99.99% completed (only 2,100 card reviews left) 💪 Group together! Binance, Bitget and other friendly companies are sending money to support
Market reaction: 📉 Ethereum plummeted 5%, Bitcoin fell below $95,000 😱 The entire network was liquidated with 570 million US dollars, and the leeks withdrew their coins overnight
Soul-searching question: ❓ Multi-signature cold wallets are not safe anymore? ❓ The myth of exchange security is completely shattered? ❓ The call for forking and rolling back ETH is rising again? (V God: Are you polite?)
Friendly reminder: ⚠️ Don't put all your eggs in one exchange basket! ⚠️ Beware of "high odds payout" phishing links!
Shanzhai coin indicators have several characteristics: Based on the increase from the previous two rounds, the rise from the bottom to the top is over 30 times. Once it breaks through the previous round's high point, it will enter an accelerated state. It is now near the previous round's high point.