加密无畏

Binance Alpha has continuously listed multiple projects in the SUI ecosystem to fill the SUI tab. The $SUI ecosystem is on par with Solana, Base, and others!

After Binance Wallet supported Sui, it continuously listed $NAVX, $SCA, $Blue, $HIPPO. The Sui ecosystem has also opened up the path through Binance Wallet IDO and Alpha airdrop. There will be no repeat of the previous situation with the $Sui ecosystem project $haedal, which ran to the BNB Chain to issue tokens for Binance IDO.

GOAT Network: Babylon I am not targeting you, I am talking about all of you here, BTC L2 are all garbage

GOAT Network contributor kevinliub published an article titled "Is BTCFi Really Dead?" The gist is that BTCFi and BTC L2 projects led by Babylon have all dropped significantly after issuing tokens. The core reason is that their yields rely on self-subsidization or third-party token subsidies, lacking native BTC yield support (mainly relying on token issuance for yield).

The logic of most BTC L2's "dividend scheme" is that users stake BTC and other assets, sacrificing capital security and liquidity costs in exchange for yields. But when the yields cannot cover the costs, the project either stops dividends (like babylonlabs_io's meager airdrops to users), or simply gives up and runs away (like the "Scythe King" Merlin). These projects essentially rely on harvesting third-party tokens, with no sustainability.

The solution proposed by GOATRollup: based on the security of native BTC, utilize ZK Rollup to build an efficient L2. A portion of the yields generated from L2 economic activities (such as gas fees) is returned to BTC holders as a reward for providing liquidity and security, which may break this status quo.

The Alpha points consumption mechanism launched by Binance is similar to the point card systems introduced by early exchanges. Users holding point cards/points can directly redeem and offset rights, which have real monetary value.

Point cards/points even have dedicated circulation and trading systems. Previously, there was a boss who opened the first exchange in the cryptocurrency space to support point card trading. However, point cards/points are essentially internal accounting assets of an exchange, which can be subject to unscheduled issuance, and there are many related parties and insider trading, leading to its closure later on.

Binance's Alpha points should not have a secondary circulation and trading system. Due to compliance issues, Binance can no longer use BNB for new launches on LaunchPad, and this Alpha points is used to replace BNB for new launches. If there is still a possibility for secondary trading, that would be quite interesting.

FTX was one of the earliest in the crypto space to explore many innovative products, such as stock tokens, forex tokens, pre-market trading, prediction and volatility products, etc.

I found an old insider report about #FTX and discovered that the current #RWA, pre-market trading, and prediction platforms all have the design of the initial pioneer (martyr) SBF.

Brother, you secretly bought SUI, and now you openly say it? Former Aptos CEO and co-founder Mo Shaikh stated he is holding SUI tokens......

Many friends in the Move community know that Aptos has a well-known 'alignment' clause: if you accept Aptos's investment, sponsorship, endorsement, or other forms of support, you cannot collaborate with SUI.

This exclusive agreement targeting SUI came out during the time when @moshaikhs was in charge of Aptos. At that time, Sui CTO @b1ackd0g publicly expressed disappointment, stating that Aptos deliberately suppressed Sui and Move developers.

It was at one point so absurd that developers were forced to choose between Aptos and the #Sui ecosystem. It was reminiscent of the past situation with JD and Alibaba forcing a choice, and today's competition between Meituan Takeout and JD Takeout. Of course, $Sui also has a similar invisible clause, but it was not so openly stated.

Today, Aptos no longer has the confidence to enforce a forced choice. After Mo's departure, there are relatively fewer restrictions, allowing him to openly say he bought some SUI. On the contrary, Sui is using this unspoken rule to inform Move ecosystem project parties and developers that not going to Aptos may allow them to become part of the team, while going there guarantees they won't have that opportunity.

Movement co-founder Rushi has resigned. This is another instance of the old tactic of sacrificing the founder to preserve project interests while playing the VC coin survival game.

1. The angel investor, advisor, and shadow controller of Movement is Sam Thapaliya, who is also the shadow controller of Eclipse. Events involving Movement's market-making, delayed airdrops, and significant internal decisions are always ultimately overturned, with the shadowy influence of Sam Thapaliya.

2. The style of rushimanche resembles a performance of 'fake it until you make it,' with various confident promises (pulling a fast one) in exchange for business resources, concealing many unfulfilled profit disputes. For example, Movement has fallen out with its technology outsourcing supplier over unpaid token rewards, and its marketing partner is actively suing in New York State. Today, two Chinese KOLs, jason_chen998 and BroLeonAus, also posted that they were PUA'd and exploited while acting as advisors.

3. Movement's funding and $100 million OTC financing have offended many organizations, and numerous North American institutions are suing Movement for commercial fraud; Rushi may face prison consequences.

4. After Coinbase suspended trading of the Move token, more exchanges may follow suit. This also means that the liquidity of Move is diminishing. Primary investors and KOL round participants will bear the losses.

5. In the cryptocurrency space, when a project encounters a significant trust crisis, after negotiating interests, having the founder/co-founder voluntarily take the blame and resign is beneficial for maximizing everyone's interests.

I just saw the news that the AI editor Cursor has completed a $900 million financing round, and the FTX liquidation team once sold shares worth $500 million for just $200,000. It feels like the lawyers responsible for liquidation are making more money than the Jinyiwei raiding homes...

FTX's investments in the AI field also include the large model company Anthropic, which is now valued at $61.5 billion. FTX once held 8% of the shares, but they were sold off cheaply by the liquidation team early on.

Additionally, FTX invested $100 million in $SUI at an average price of $0.114 (1.02 dollars for 890 million SUI), and it was sold at the original price to other VCs by the liquidation team very early on.

Beware of those in the crypto world who sell straw as gold

A Coindesk investigation on #Movement
Has put a token worth tens of billions of dollars
Facing delisting crises and fraud accusations
Last time it was also due to one of their articles
The hundred billion empire FTX collapsed
Once again showing me the power of the fourth authority in the crypto world

Lei Jun said he rejected
A near-perfect resume candidate who claimed he could sell straw as gold bars
Because he didn't need to deceive users
Buying straw at the price of gold
While too many in the crypto world crave this ability

The founders of projects with perfect resumes
Hide behind the scenes manipulating interests and conspiracy groups
The bubbles and narratives inflated by VCs and high FDV
And many KOLs
The fourth authority they speak of
Is essentially telling a story
About pouring straw at gold prices to users

We look forward to the moment the bubble bursts
When more well-intentioned projects emerge
Hearing more stories of reaping what you sow $MOVE

Last year, a user was hacked by criminals using AI face-swapping technology to steal $2 million related to Huaiwang.

Recently, The New York Times reported on Huaiwang, Cambodia's cryptocurrency empire, which is the largest money laundering pipeline in the world. It mentioned that advancements in artificial intelligence have made identity forgery easier, with some individuals even using AI face-swapping technology for gray and black market activities.

In 2024, hackers utilized AI synthesis imaging technology (AI face-swapping) to deeply fake KYC information, changing a certain platform user's password and stealing over $2 million. There are also claims that the amount involved in such AI face-swapping thefts from exchange users is far greater and involves multiple exchanges.

It is reported that the black market team was based in Hong Kong, China, and was related to the Huaiwang organization, having connections with telecom companies in some regions to bypass mobile verification codes, thus circumventing KYC and passwords. After the incident, the main members of the team have gone into hiding.

Additionally, blogger @thecryptoskanda introduced that the accumulation of AI technology in the gray market industry is deeper and earlier than some publicly funded AI Web2 star projects in North America and China. Furthermore, due to years of data training from offensive and defensive combat, some advanced AI tools in the gray and black markets are several orders of magnitude more efficient and targeted. They can also infiltrate leading AI companies in both China and the U.S., as they can continuously afford to pay, while many so-called AI star companies only have valuations but lack cash. $BTC

Speaking of the chosen ones, there are two Chinese entrepreneurs in Web3, one is @cz_binance and the other is @justinsuntron.

CZ founded Binance, which has become the largest cryptocurrency exchange in the world, bringing hundreds of millions of people into the crypto market.

Sun Yuchen established Tron, which has become a major public chain in the stablecoin sector, being the first to realize a network of Massive adoption for 'peer-to-peer payments'.

Zhao Changpeng has ridden the wave as cryptocurrency gradually transitions from the margins to the mainstream, capturing nearly every surge in the crypto market's explosive growth over the past decade.

By the end of 2024, user assets under @binance custody will exceed $160 billion, with a cumulative historical trading volume reaching $100 trillion and over 250 million registered users.

Justin Sun has benefited from the tailwind of stablecoins reshaping the global currency and payment system. Stablecoin inflows have grown from less than $1 billion to $236.5 billion, with stablecoin transfer volumes already surpassing SWIFT and Visa, second only to the Federal Reserve system.

Among these, the stablecoins represented by USDT have taken on the role of cryptocurrency payments, supporting a vast ecosystem. Recently, Tron USDT's circulation has surpassed $70 billion, accounting for nearly 50% of the total global USDT supply, processing over 14 million USDT transactions weekly, which represents 69% of the global USDT activity.

Three Reasons I Am Not Optimistic About Lighter

Recently, the Lighter project has often been mentioned by some industry friends and influencers, but I am not optimistic about Lighter. The reasons are as follows:

1. Relying solely on zk technology cannot create a Prep DEX unicorn; Lighter has the risk of user private key leakage.

2. The project has been operating for two years without much progress, trying to catch the wave of Prep DEX again by leveraging the label of the next Hyperliquid, while the PUA community is contributing trading data and continues to seek resources and endorsements.

3. The founder is using the funds from the previous project to finance the current project; they are a star entrepreneur but may not have the vision for Crypto airdrops.

About the Narrative and Logic

The main narrative of Lighter is that it has identified several pain points in the decentralized derivatives sector and is attempting to solve these pain points through technological innovation to achieve success. For example, Lighter believes that zk technology can enable scalable, low-latency, secure, and trustless matching and clearing mechanisms.

We believe that in the decentralized derivatives space, relying solely on product and technological innovation makes it very difficult to create a unicorn. The core competitiveness lies in the founder's strong market-making ability and resource integration capability (having the capital to drive the market).

For instance, Hyperliquid's core capability is its strong market-making ability and the wealth effect it creates. In contrast, GMX quickly went silent after being unable to drive the market. Similar decentralized derivatives utilizing zk technology, such as @derivio_xyz and @grvt_io, each have their unique characteristics in product technology, but this does not mean that market breakthroughs can be achieved solely through technology.

It is worth noting that several influencers have posted pointing out that Lighter's technical capabilities are very amateurish, and the documentation seems to be done by a makeshift team. Additionally, the API signing is completely a black box, requiring the private key of the wallet to be shared in order to sign, which poses significant risks.

About Project Progress

Lighter began operations in early 2023, initially deploying on Arbitrum, benchmarking against GMX; it has been around for about two years, and the Twitter and community have been inactive for almost two years without operations or updates.

Airdrop to Binance users is better than airdrop to on-chain community users $BNB

About 3,000 people participate in the Osaka World Expo through the Aptos-supported EXPO2025 digital wallet every day.

On weekends, I like to share some fun things. Recently, I've been working on a guide for the Osaka World Expo and suddenly remembered that last year, Aptos acquired the Japanese public chain Palette. Aptos will be the sole blockchain provider for the EXPO2025 digital wallet at the 2025 Osaka Kansai World Expo.

I wanted to experience the EXPO2025 digital wallet supported by Aptos, which includes ticket reservations, NFTs, digital assets, and decentralized applications.

After downloading the EXPO2025 wallet from the APP Store, registering with my email, and setting a password for the digital wallet, I was able to start my experience. There are indeed many functions and activities, including the option to mint a free EXPO Passport SBT.

Since the Aptos browser can only display 10,000 records, over 10,000 SBTs have already been minted. On just April 25th, about 3,000 SBTs were minted. It is expected that there will be over 28 million visitors to the World Expo, and I hope a higher proportion of users can enter Web3 through blockchain wallets and join the Aptos ecosystem.

I also plan to conduct an experiment during my visit to the Osaka World Expo to see how much of daily life (clothing, food, housing, transportation, etc.) can be addressed through blockchain (digital wallets, U cards, digital payments, etc.) in relatively conservative Japan. I welcome everyone to recommend various blockchain tools!

Beta Finance 三大恶：上币安后改空投规则、发币集团疯狂造项目、团队卖完币再下架

近期，币安的将在4月16日下币的公告，让 Beta Finance（$BETA ）这个跌了1000倍的项目再次进入团队眼中。作为 2021年9月，币安上线的第21个Launchpad项目，Beta Finance 开创了Web3行业三大恶：

1、上币安后，更改空投规则，减少90%的用户空投筹码，空投领取时间在TGE时间之后。这一行为堪称行业“首恶”。

2、发币集团流水线攒局做项目，与Alpha Finance （ALPHA）系同一团队，发了一大堆等着上币安的项目。

3、币安下架节奏还是太慢了。等团队卖完币，币安再来下架，其他交易所2年前就把BETA 这个垃圾下架了。迟到的正义，还能是正义吗？

Beta Finance 上线币安前，官方文档和各种宣传途径明确会有空投，并在承若供给5%的总代币作为追溯性空投奖励。然而项目方不仅空投领取时间在TGE时间之后；上线币安后，直接把空投从 5% 空投消减至 0.5%，早期参与者激励少了90%。

BETA 与币安第15期 Launchpad 项目ALPHA 系同一团队，创始人为 tascha_panpan ，该发币集团，一口气发了 Zentry、pSTAKE 、TiTi Protocol、Fuku NFT、Contango、Metaforo、Sharpe 等多个项目。

事实上，币安早就该把 BETA 下币了。比如2022年 Kucoin 就下架了BETA, 目前币安下架的代币，主要都是跌没了市值的代币为主，希望可以下架一些市值还没跌没、但明显诈骗的项目，比如 $MOVE $ALT 这类空气项目，希望交易所不要等四五年后团队和投资人都解锁卖完了，市值跌没了，再下架。

Vitalik opened an account and withdrew funds at HashKey's Central office this afternoon

According to sources close to the situation, Vitalik Buterin appeared at HashKey's Central office around 7:30 PM this afternoon and completed account opening and fund withdrawal.

This is a joke post (VB going to the office is true, opening an account at HashKey is also true, and the withdrawal part is just a joke) $eth

During my time in Hong Kong, I communicated with Ethereum community developers and heard an interesting perspective: some core Ethereum developers and foundation members believe that the current price of Ethereum is too high, which is not conducive for newcomers to enter the market. A drop in ETH would benefit newcomers in achieving massive adoption.

BNBChain 上 Baos World 团队为熊链项目Beradigm ，发过 BGM 、bAInance 等多个归零代币

最近中文社区，许多人写小作文抽白名单像病毒一样传播的 @baosonbnb，是原来是熊链生态项目Beradigm 团队做的新项目，团队发过多个项目，最后都归零。

@beradigm_xyz 是 Berachain 的流动基金，团队在 Solana上 的meme发射平台上daos.fun上启动 SOL 资金募集，并在Solana 上线代币BGM（Beradigm）后接近归零。团队还发了代币Binance Labs （bAInance）亦已接近归零。

Beradigm 团队还做了 @berachain 上的发射平台 @baosdotfun （未上线）。由于 @BNBCHAIN 的热度，团队迅速改了个壳，做了发射平台 Baos World （正在营销中）。

Baos World 通过营销组织社区、KOL一起通过写小作文抽白名单的方式，本质是联合KOL 喊单收割社区，团队不敢实名站出来只躲在幕后，把风险转移给社区和KOL，营销手段过于恶心。

Fcoin founder Zhang Jian may be hiding in the UK, involved in multiple projects such as Gridex and Jump.fun after fleeing.

In 2020, FCoin founder Zhang Jian admitted that 7,000-13,000 BTC (worth approximately $65 million to $120 million at the time) of user assets were unable to be redeemed, and the trading platform was indefinitely suspended. After that, Zhang Jian vanished without any public news.

According to a notable figure from a certain crypto dinner, he claimed to have met Zhang Jian in London last year, suggesting that Zhang Jian may be hiding in the UK. After his disappearance, he participated in the development of several projects as a co-founder, including various Heco projects that he allegedly took part in. He also co-founded the decentralized order book exchange Gridex, and the Ethereum ecosystem meme issuance platform http://jump.fun. However, projects like @GridexProtocol and @jumpdotfun quickly faced severe issues, causing significant harm to the community.

FCoin briefly achieved the highest trading volume globally through trading mining and voting for new listings, surpassing the total trading volume of the second to seventh largest trading platforms combined.

In the last moments before his flight, he released "The Truth of FCoin," mentioning, "Switching tracks to start over, compensating for losses with profits from new projects. Once the new project is on track, I will begin the long-term process of email withdrawals, which may take 1-3 years," but to this day, there has been no public and clear emergence of any project.

Hong Kong crypto OGs have recently sold over 100,000 coins $BTC

Last year, when Bitcoin first broke $100,000, some of the Chinese OGs started selling their Bitcoin. Most of these BTC were accumulated at a cost of below $50,000. According to incomplete statistics, the number sold so far has exceeded 100,000 BTC (over ten billion dollars).