Dongda has taken action again, banning people from manipulating cryptocurrencies. Individual cryptocurrency trading is not illegal. The state has taken action again; will a black swan event occur again?
If there is another collapse, it will basically be at the bottom.
When 700,000 AI agents started to 'rebel': On the night of the collapse, I understood Vanar's 'dimensionality reduction strike'
Text / Qingfeng btc Today is February 6, 2026. At this moment, outside the window are the fireworks of the Milan Winter Olympics, but my various communities are in complete silence. The data is too tragic: In the past 24 hours, the entire network has liquidated 2.65 billion dollars, and 580,000 accounts have gone to zero. Meanwhile, the AI project called OpenClaw has caused a stir in the global tech community—700,000 AI agents are 'running naked' on the internet like a virus, interacting autonomously, and even triggering widespread panic over API key leaks. The left hand is a financial collapse, and the right hand is AI out of control. Many people are asking: Does Web3 still have a future?
Ice and Fire: On the Night of the Crash, Vanar is the Only 'Happy Planet'
Last night, the world was extremely divided: in the sky were the fireworks of the Milan Winter Olympics, underground were the corpses of 2.65 billion dollars in liquidation. Coupled with the AI chaos triggered by OpenClaw, Web3 looked like a dangerous 'dark forest'.
But Vanar Chain (VANRY) built a 'sanctuary' amidst the chaos. Unlike the uncontrollable nature of OpenClaw, Vanar has cleverly encapsulated AI into the Virtua Metaverse and the VGN gaming network. Here, AI is not an evil virus, but rather NPCs that accompany players and unique NFTs. It dresses cold technology in a candy coating with top-tier entertainment experiences. Due to its attributes of **'green and environmentally friendly'** and **'compliance'**, Vanar is like the 'Disneyland' in Web3 — big brands dare to enter, and ordinary people love to play.
In times of panic, funds may exit the casino, but humanity can never refuse happiness. Betting on VANRY is betting on the most certain 'real industry future' @Vanar #vanar $VANRY
Stablecoins are all about stability, and xpl can definitely be stable
不止于此_
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The stability of Plasma lies in its rejection of the temptation of an "all-purpose public chain," instead focusing on the vertical track of stablecoin payments.\nCore logic: Since it was born for settlement, it has eliminated the "speculative" aspect by implementing zero-fee transfers, using stablecoins as Gas, and achieving sub-second confirmations through hard-core designs, making the public chain a minimalist payment pipeline.\nHardcore support: Top endorsements from Founders Fund, Tether CEO, and a pre-commitment of 2 billion stablecoins provide a strong liquidity foundation from day one, mitigating selling pressure on the first day.\nLong-termism: Extremely low circulation rate and a long-term lock-up mechanism suppress speculation and lock in usage.\nIn summary, it does not rely on meme narratives to please the market, but instead uses a self-consistent structure to bet on a deterministic future for "stablecoin settlement infrastructure" @Plasma #plasma $XPL
In traditional industries, privacy exposure is the norm; only by protecting privacy can one ensure long-term success.
不止于此_
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In simple terms, DUSK is like a hardcore engineer who doesn’t love socializing and only knows how to focus on building roads. While quick money-making and meme speculation are popular in the cryptocurrency space, it has been dedicated to building privacy and compliance infrastructure for financial institutions since 2018. The focus is on: not riding the hype, not creating a general public chain to grab traffic, but solving the institutional pain point of 'needing to protect business privacy while also meeting regulatory audits' through zero-knowledge proofs (ZK). Steady and solid: Although its market capitalization ranking is not prominent and the price is not particularly 'exciting', it is backed by major players like Binance and Bitfinex, and has hundreds of millions of euros in RWA running on-chain. Long-termism: It has abandoned short-term emotional outbursts and chosen to build a 'slow and heavy' foundational facility. In summary: It is not trying to please retail speculators, but is waiting for global financial regulations to take effect. Once traditional finance floods the RWA track, projects that have preemptively laid out compliance defenses will have a very deep moat @Dusk #dusk $DUSK
Tonight is the opening ceremony of the Milan Winter Olympics. Looking at the snowy scenery of the Alps on the screen, I hold a cup of hot coffee in my hand, but I am thinking about a very realistic question.
If I were in Milan right now and wanted to buy this cup of coffee with cryptocurrency, what would the experience be like? On most public chains, this would be a disaster. I would first have to calculate whether the Gas fee is sufficient, and then awkwardly stand at the counter waiting for the on-chain confirmation. If I encounter an extreme market situation like last night’s '2.6 billion dollar liquidation', with network congestion, my cup of coffee might get cold before I can even pay for it.
The essence of payment should be 'seamless'. This is what attracts me to Plasma (XPL). While the whole world is pursuing the Olympic spirit of 'faster, higher, stronger', Plasma is doing the same thing, but in the payment sector. It is designed specifically for stablecoin settlements, achieving 'no Gas fee USDT transfers'. This may sound trivial, but for someone waiting in the cold wind to buy coffee, it is a big deal.
Adding to its 'sub-second' confirmation speed, XPL finally brings a Visa-like smooth experience to Web3 payments. In this uncertain weekend— with the market plummeting, AI out of control (OpenClaw incident), and people feeling anxious. We desperately need a sense of **'certainty'**. Plasma anchors the security of Bitcoin while providing the most flexible stablecoin payment experience, which is the most scarce infrastructure in a chaotic world. Don't just focus on those wildly fluctuating numbers; sometimes, being able to smoothly buy a cup of coffee is more important than anything else. #plasma$XPL @Plasma
The Binance Square airdrop is really good this time; I got 1100 U in the first phase.
Quickly open your rewards center to see if you have any token vouchers.
Honestly, earning this is more stable than trading contracts; it's easy to make tens of thousands in a month. Isn't that better than working as a delivery person? The main thing is that it costs nothing.
You just need to briefly introduce DUSK, and by adding the right demand tags, you can earn.
In a market filled with 'meme coins,' DUSK is one of the few established projects that are truly doing 'institutional-level infrastructure.' Why is it a must-have in the RWA track? Because large funds entering the market have two fatal flaws: they fear on-chain exposure (lack of privacy) and heavy regulatory enforcement (non-compliance). DUSK perfectly solves this paradox with zero-knowledge proofs (ZKP) — it gives transactions an 'invisibility cloak' while leaving a 'backdoor' for regulators. As the EVM mainnet approaches, along with its deep binding with the Dutch NPEX exchange (potentially 300 million euros of assets on-chain), DUSK is bridging the last mile for traditional finance to enter Web3. Such a compliant privacy public chain that can accommodate 'old money' is the hard currency that transcends cycles.
Everyone online is watching Yi Lihua's liquidation; there hasn't been precise privacy cracking in these few days, privacy still depends on DUSK.
Today is February 6, 2026. The market continues to decline. In the early session, it fell below 60,000 and 1,730, a historic crash, with tens of billions of dollars in liquidations across the network. To put it bluntly, if you don't care about global events, you're just mindlessly charging ahead and turning yourself into fuel for the market. Let's take a look at what major events are happening globally. At this moment, I am sitting in front of the screen, waiting for the Olympic flame to be lit at the Milan Winter Olympics opening ceremony. Looking at the night view of Singapore outside the window, I can't help but feel a sense of emotion. This world is being torn apart at a speed we don't understand. On one side is the carnival of the ice and snow festival; on the other, the tech circle is in an uproar over an AI project called 'OpenClaw'—700,000 AI agents interacting wildly without human intervention, and the panic over privacy breaches is spreading like a virus. Just a few days ago at the Singapore Space Summit, leaders from various countries were arguing passionately about how to establish 'space traffic rules,' fearing that the $1.8 trillion space economy would turn into a garbage dump filled with debris.
U.S. Treasury Secretary, breaking news, virtual currencies plummet!
Today (February 5), Bitcoin plummeted nearly 8%, dropping to around $70,000. The world's second-largest cryptocurrency, Ethereum, fell over 8%, dipping below $2,100. The third-ranked cryptocurrency, XRP, dropped over 10%, reported at $1.42. The total market value of virtual currencies plummeted nearly 7%, bringing the total market cap to around $2.48 trillion, with a daily loss of approximately $186 billion (equivalent to nearly 1.3 trillion yuan). So, what exactly happened? Previously, U.S. Treasury Secretary Scott Pelley hinted that the U.S. government would not bail out cryptocurrency. This may have been the trigger for the plunge in the virtual currency market. Subsequently, well-known investor Michael Burry warned that the continuous decline in Bitcoin prices could 'trigger a death spiral, leading to a massive collapse of value.' Selling pressure was thus ignited.
Besides being fast, men are also quick to sign contracts, drive, and eat. What else is fast?
When it comes to paying, 商K must also be quick. If you take too long to open the payment code, I will have to pull out XPL for payment.
What other trump cards can the payment public chain have? Let's talk about the "currency intuition" of Plasma (XPL). After staying in this circle for a long time, you will find a very absurd phenomenon: to spend 10 stablecoins, you often have to first buy a bit of highly volatile ETH or SOL as fare (Gas). This goes against the intuition of currency payments. This is also why I am extremely optimistic about the underlying logic of Plasma (XPL) — it attempts to reverse this "anti-human" design. Plasma does not compete with those general public chains in ecology; it has carved out the most precise track for itself: a Layer 1 designed specifically for stablecoin settlement. Its trump card is very straightforward: zero Gas fee for USDT transfers, or allowing you to pay Gas directly with stablecoins. This means that for future merchants and users, the threshold of blockchain has been completely flattened. You don't need to hold XPL to use the network; this is what mass adoption should look like. At the technical level, it combines Reth (fully compatible with EVM) and PlasmaBFT. The former ensures that developers can migrate seamlessly, while the latter achieves sub-second transaction confirmations. This speed is already infinitely close to the experience of swiping a Visa card. A more seasoned aspect is that Plasma chooses to anchor itself to Bitcoin to ensure security. This gives it the thickest bulletproof vest, ensuring payment neutrality while also having censorship resistance. In an era where air coins are flying everywhere, Plasma chooses to be the most tedious but indispensable "cash register". If the trillion-level super cycle of stablecoins really arrives, XPL will be the essential infrastructure. #plasma$XPL @Plasma
Stop the "chain on internal competition": How does Vanar (VANRY) turn Web3 into "reality"?
Having been in this circle for 30 years, the phrase I fear hearing the most is "To Earn". When an industry is reduced to just PvP where everyone is slicing each other, a collapse is not far off. We urgently need fresh blood, we need the 3 billion real users from outside the circle to join. But this is very difficult because for most public chains, it is simply an incomprehensible book to ordinary people. This is why I pay attention to Vanar Chain (VANRY).
Vanar positions itself very attractively - "Layer 1 born for real-world applications". Anyone can say this, but Vanar's confidence lies in its team genes. They are not just a group of geeks who can only write code, but veterans who have been rolling in the fields of games, entertainment, and branding for many years.
They understand very well how to make users "happy". Look at the cards they hold: Virtua Metaverse and VGN Gaming Network. These are hardcore products that can be directly implemented, allowing users to seamlessly enter Web3 through entertainment without realizing it. Vanar is not just a chain; it is more like a massive complex that connects AI, games, brands, and green ecology.
In this ecosystem, the VANRY token is the flowing blood. It does not support nebulous air, but every real gaming interaction and every brand consumption in the metaverse. I have always believed that the next windfall of Web3 will not belong to those obscure and difficult-to-understand technical flows, but to projects like Vanar that can make blockchain technology "invisible", allowing ordinary people to enter as smoothly as scrolling through Douyin. Only by connecting to reality does Web3 have a future. #vanar$VANRY @Vanar
I was scammed out of 3000 U in a chain game, and I finally understood what Web3 games are truly lacking.
Just half an hour before writing this article, I was staring at the on-chain record of a 3000 USDT transfer, my hands trembling a bit. Even after 30 years of crawling and rolling in this circle, considering myself a veteran who has seen all kinds of storms, I actually capsized in an inconspicuous chain game interaction. It wasn't some advanced hacking technique, just a well-disguised phishing authorization signature. The moment I clicked 'confirm' to buy an item in the game, my U was gone. Anger, frustration, but more importantly, a profound sense of fatigue.
Accelerated, accelerated, the price has dropped sharply, Bitcoin is about to lose 68000. Old Two, V God has been dumping, Old Two is迎来至暗时刻, the US market time is about to open, and it is highly likely to consolidate.
In addition, the impact of the Aipotsitan incident is far from over, it may have just begun.
Additionally, near 65000 for Bitcoin, everyone can confidently place a few orders. Once it hits, it's a long-term quality asset.
Speaking of acceleration, on the public chain's track, Sui is like a Ferrari running at 400 km/h, fast enough, but if this sports car has no trunk, how do you carry goods? This is the significance of Walrus (WAL). Many newcomers only focus on those high TPS data, but overlook the most awkward reality: the storage on Web3 is too expensive. We can transfer money quickly on-chain, but storing a high-definition NFT original image, or running a complex DApp front end, costs exorbitantly. Walrus is the 'infinite hard drive' in the Sui ecosystem. It does not use the clumsy 'full backup' model of traditional cloud storage, but employs a technology called 'Erasure Coding'. Simply put, it cuts data into countless encrypted fragments like a shredder, scattered all over the decentralized network. This design is extremely clever: First, the cost is very low. With Blob storage technology, it finally allows on-chain storage prices to compete with Amazon AWS. Second, it is absolutely censorship-resistant. A hacker stealing one fragment is useless, and centralized institutions cannot find the 'master switch' to shut it down. For holders of WAL tokens, this is not just a governance token; it is the 'rent' and 'fuel' of the entire storage network. As the Sui ecosystem explodes, more and more games and social applications need to store data, and the consumption of WAL is rigid. In this restless circle, infrastructure projects are usually not sexy, and no one speculates. But as someone who has been in the industry for 30 years, I would rather believe in this kind of 'hard work'. After all, when a tall building rises from the ground, the most valuable thing is always the foundation. Walrus is the foundation that silently supports the sovereignty of Web3 data. #walrus$WAL @Walrus 🦭/acc
When You Have to Pay 'Gold' for Coffee: Discussing the Payment Revolution of Plasma
Last night I went downstairs for a foot massage, and when it was time to pay, it was just over two hundred yuan. I habitually took out my phone to scan the code, and in two seconds, with a beep, the payment was successful. After leaving the store, I bought a cup of coffee at the convenience store and swiped my credit card. Another two seconds, and the transaction was complete. At that moment, I suddenly found myself standing by the roadside lost in thought. As a veteran in the crypto world for 30 years, my cold wallet holds millions of USDT, but I find it hard to use it to buy this cup of coffee. Not because the merchant doesn't accept it, but because of that damned 'Gas fee' logic.