宁凡

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Welcome to join the Golden Dog Community. The direct link to the chat room: Click to enter

This wave of the bull market, to be honest, is really unexpected. When I was still shorting, it was forcibly pulled up. It indeed happened unintentionally, when all the groups had quieted down, the project parties started to run away, the contract traders started to deliver food and pay back, and the Federal Reserve began to cut interest rates. Just when everyone thought the bull market was over, the bull came. Damn those manipulators, and this idiot Chuan Jianguo, the president came down to call the shots, I really have my eyes opened.

I was originally bearish throughout this wave; the market is indeed counterintuitive. Right now, it's painful whether it goes up or down—why is it always me who gets hurt? It's unbearable to miss out on the rise and afraid of heights. However, now that it's pulled up to this position, if it stabilizes, the bull market will have a long continuation. I am also observing for the right time to re-enter.

I still want to remind everyone. A rebound during a crash, a collapse during a surge; there are more people losing money in a bull market, and they lose more. Of course, many projects take advantage of the bull market to run away. Make sure to secure your profits in time; you can earn less, but don’t wait for the profits to retract. Remember that.

If this wave goes A8 again, my brother, I advise you to stay away from this market, stay away from contracts, and cash out in time; the issue with cashing out has not been resolved since the crypto circle began. Thanks to Biyapay for their support. Brothers, if you've made money in the crypto circle and are worried about the safety of cashing out, you can choose #biyapay , dance back and forth on the sharp blade of the card-cutting action, reject all limits, non-counter, freeze, and stop payments. Safe and worry-free, everyone can pay more attention to the official Twitter.

The next few days may be the biggest fluctuations you've encountered in these years, so be sure to seize the opportunity. Whether it works out or not will likely depend on these few days.

E Guards, go take back everything that belongs to you

BTC first broke 100,000, ETH 4,000
BTC second broke 100,000, ETH 3,900
BTC third broke 100,000, ETH 3,700
BTC fourth broke 100,000, ETH 3,400
BTC fifth broke 100,000, ETH 3,100
BTC sixth broke 100,000, ETH 2,700
BTC seventh broke 100,000, ETH 2,000
$BTC $ETH

What constitutes a bull market? This year, the overall market liquidity is extremely poor, and Bitcoin is still rising; only Bitcoin is rising. This is a bear market where liquidity has shrunk drastically. If Bitcoin were at 30,000 now, everyone would understand. But now Bitcoin is at 95,000, and some people are confused.

Of course, some say that altcoins are in a bear market because they're junk that no one wants to buy. To be honest, when there is liquidity, junk can also be treasure; without liquidity, treasures can become junk. Money will find assets on its own; when there is a flood of money, the market is insane. Therefore, a true bull market will have to wait until Powell compromises and releases liquidity.

One day, when a friend tells you to open Binance and scroll down with your eyes closed, buying whatever you land on, that will be real madness.

In the last bull market, there were countless tokens worth over a billion dollars, so many large projects had first-round valuations exceeding one billion. Now, altcoins are so weak that many assets that have survived two or three cycles are at historical lows. Many coins that were released during the last liquidity surge have dropped by over 95%, and Ethereum has also plummeted significantly. Everyone is losing. Now, a meme coin worth several hundred million is considered a big deal, and the valuations of new projects on Binance have shrunk to one-tenth of what they were. Previously, any project had a valuation of hundreds of millions; now having tens of millions is already impressive.

I hope my brothers can get rich in the crypto world soon, whether it's a bull or bear market. Both longs and shorts can make money. Everyone has their own trading insights and methods. Thanks to BIYAPAY for their support. If my brothers make money in the crypto space but worry about the security of cashing out to USDT, they can choose Biyapay, to navigate safely amidst the sharp edge of card cutting actions, rejecting all limits, non-counter, freezing, and stopping payments. Safety guaranteed; everyone can pay more attention to the official Twitter.

Truly good projects can withstand the test of time. #biyapay

Opened a position, not here to lead. Just a simple record of my daily challenges. After going through several bull and bear markets. I want to challenge myself. Pure market sense playing contracts, 500u challenging 100k.

Attention to Position

If I were a market maker, today at 9.8 I would blow up the shorts or tell you to stop loss, and then directly at 9.5 hit your long order $BTC $ETH

Since the DeFi explosion in 2020, USDT has become an important stablecoin for DEX trading such as Uni, Pancake, and Curve. With protocols like Aave, Compound, and JustLend allowing users to use USDT as collateral for lending, the demand for USDT has significantly increased; additionally, due to on-chain transaction fee issues, TRC-20 USDT on the Tron network has gradually become the main version for DEX trading.

The reason it is called a stablecoin is because of its anchoring standard, U is commonly used by foreign trade enterprises in cross-border transactions, bypassing traditional bank restrictions: some foreign trade companies in certain countries may face limitations and scrutiny from the traditional banking system, including high fees, remittance restrictions, etc. By using U, enterprises can circumvent these restrictions and conduct international transactions more flexibly. Some domestic companies also use U for salary payments, and there is no need to elaborate on the tax aspect...

Since 2023, U cards have been emerging one after another, and during that time, there was a constant bombardment of news about Onekey, Binance, By, and other visa cards that can be used for daily consumption; in 2024, the introduction of a spot Bitcoin ETF will bring new capital flows, further expanding the role of U in the market; some emerging market countries (like Argentina) also support U payments for certain real estate transactions.

Recently, some platforms have even started supporting U for trading US stocks and Hong Kong stocks; for instance, #biyapay , normally, our users in mainland China cannot buy US stocks. Opening an account in the US is very difficult; many brokerage platforms in the US offer online account opening; entrusting a Hong Kong company to open an account is also quite troublesome. Platforms like Biyapay, which allow the buying and selling of US and Hong Kong stocks using U, are very convenient, even including the conversion of U from the crypto space.

Stablecoins in the crypto space have faced compliance challenges, market competition, and significant crises over the past few years. In the future, the crypto space may continue to become more standardized, expanding more on-chain applications, improving compliance, and fully realizing new fields such as Real World Assets (RWA).

This position has reached the decision point, up or down 👇$BTC $ETH

Is the bull market really here? This week, the cryptocurrency market rebounded quickly. Is it a signal of a bull market? Or just a trap?

From last week's meeting with Old Powell in Chicago, to Vice Chair Jefferson speaking on Tuesday at 21:00; the G20 meeting on Wednesday focused mainly on the economy; and the Fed's Wedge Book on Thursday at 2:00 AM;

When the U.S. stock market falls sharply, it is a normal reaction for cryptocurrencies to follow suit. But if cryptocurrencies rise instead of fall, it may indicate potential risks ahead. Cryptocurrencies are like tech stocks on the Nasdaq; if they rise independently, it often signals manipulation by major players, foretelling a bloody market.

When the U.S. stock market crashes, but cryptocurrencies rise independently, it poses a hidden danger. The direction of market shifts is unpredictable, but this strange surge suggests that small black swan events and bloody market conditions are on the way, requiring vigilance.

Market expectations create fluctuations, and reality shapes trends. Currently, the downturn is due to expectations of tariff policies, and only when economic data shows deterioration—such as rising unemployment, increased inflation, or declining retail sales, along with spikes in initial jobless claims or investment bank bankruptcies—can a trend emerge. In 2018, when the trade war began, both the U.S. stock market and the cryptocurrency market initially fell, then saw a slight recovery before accelerating downwards in October. Therefore, this round is similar; it’s best to be bearish without shorting.

The blockchain industry itself has detached from traditional industries, falling into the category of an emerging market. While similar issues may arise in the financial markets, once policies and sentiments settle, they will carve out their own development space.

If you're in the crypto circle, play with cryptocurrencies; if you're in the U.S. stock market, stick to it. I recently bought some Xiaomi shares. If you want to invest in U.S. stocks, I recommend using #biyapay to pay in USDT, which avoids many unnecessary risks, such as fees or the hassle of opening an account. It’s convenient and supports most mainstream coins.

The risks in the market are difficult to avoid. When you hear or see certain news, and the market behaves according to those developments—like the current sentiment that a bull market is here—if you firmly believe the news and think it’s all logical, that’s just what the major players want you to see. There are numerous black swan events;

"The major players are not philanthropists; the financial market follows the 80/20 rule, where only a small portion of people can make money. When you think market news is correct, you’ve already fallen into the trap set by the major players."

Feeling a bit awesome, INIT

Which brother's dream has quietly shattered again pump

The development of AI in recent years has been evident to all, heralding the arrival of a new era — truly autonomous and secure AI entities. But whether this world can exist is not about how powerful AI is, but rather — can we trust them? This is the vision of the Agentic World.

🔐 FHE's Practical Scenarios in the Cryptocurrency Sphere

1⃣ Collaborative Computing of Smart Contracts and AI

Traditional smart contracts, while 'automatically trustworthy', also mean a lack of data privacy due to their public transparency. When AI Agents participate in on-chain automated trading, clearing, and liquidity allocation, the data they process (user behavior, on-chain fund distribution, strategy preferences, etc.) is exposed if it cannot be computed in an encrypted manner, revealing Alpha.

FHE allows smart contracts and AI to reason and execute directly on encrypted data, enabling transaction judgments, strategy switches, and risk assessments without the need for decryption. This is revolutionary for high-frequency strategies, oracle protection, DAO governance recommendations, and other scenarios.

2⃣ Private Computation in DeFi

One of the biggest concerns for DeFi users is privacy exposure: wallet addresses linked to asset status, transaction behavior, collateral records, and liquidity provision records. This data can not only be scraped but may also be utilized by MEV algorithms.
With FHE introduced, users can directly engage in encrypted lending, derivatives trading, aggregated routing, and other operations without disclosing personal preferences or asset distributions.

3⃣ Applications of AI Entities in DEX, Contracts, and Blockchain Games

As Agents appear more frequently in trading scenarios, FHE can be used to build a 'privacy-enhanced on-chain Agent factory' — each Agent being an executable entity capable of encrypted computation:

- Execute contract operations on your behalf (limit orders, take profit, stop loss)
- Participate in strategy DAOs (vote based on your set logic)
- Control characters in blockchain games (without revealing your preferences and strategies)

🧬 The ultimate question: Are you willing to let AI use your wallet data?

The answer is yes, but with conditions:

- Revocable authorization (I can lock it after the Agent no longer has access)
- Immutable usage records (what the Agent used and when)
- Traceable behavioral audits (I can verify every step of the Agent)

FHE is the key technology in this answer.

#MindNetwork全同态加密FHE重塑AI未来

If you made 20 million by trading cryptocurrencies and now you want to sell it on the exchange to convert it to RMB

Many people say that for safety, they go to Hong Kong to cash out USDT, but there is not a single tutorial on the entire internet teaching you how to convert USDT from your wallet through Hong Kong into RMB that can normally be transferred back to mainland China.

Why is that? Why is such a simple tutorial impossible to write? It is basically impossible; what does basically impossible mean? It means retail investors and novices cannot do it.

Those who say it is possible generally just teach you how to apply for a Hong Kong bank card and then tell you to go to Hong Kong to cash out USDT. Because they simply want you to obtain a Hong Kong bank card, after all, it is quite nice to charge you a 3,500 fee for the service.

Once you have obtained the payment card, what’s the next step? That would be to apply for a Hong Kong phone number and register with a Hong Kong exchange?

You will find that obtaining a Hong Kong phone number requires address verification, and registering on the exchange requires a phone number and overseas KYC identity verification. You have nothing, so others will tell you to register on an HKD exchange.

There are only two compliant exchanges in Hong Kong that can operate normally: one is OSL and the other is HashKey. If you have been to Hong Kong and physically inspected the locations in those promotional photos, you will find they are unreliable. Of course, those so-called BTC ATM machines have long since ceased to exist or their functions are incomplete.

On the other hand, for some HKD exchanges, you will find either no one is buying on OTC listings. When you try to withdraw, customer service will tell you it is black USDT and cannot be withdrawn, always getting stuck, and even there is no way to resolve it.

How to avoid bank risk control when making large withdrawals? 🏦

First, we need to clarify that in many countries abroad, trading cryptocurrencies is a legal investment activity. This means that the money you earn in the crypto space is not illegal income.

If you want to withdraw your funds without worries, first you can transfer USDT from the exchange to the electronic wallet #biyapay , and then exchange it 1:1 into US dollars or other fiat currencies within #biyapay , and finally withdraw it to banks like Wise or OCBC, and directly remit it back to your mainland bank card or Alipay/WeChat.

By completing these actions, our costs are just paying some handling fees and exchange losses, which can legalize the funds and safely secure your cryptocurrency trading profits.

In the early morning of April 14, 2025, the MANTRA ($OM) token plummeted by about 95% in just 90 minutes, falling from $6.3 to about $0.37, followed by a slight rebound. As of now, the price of OM is $0.874747;

According to monitoring by on-chain analysts, since April 7, at least 17 wallet addresses have deposited a total of 43.6 million OM tokens into exchanges, worth approximately $227 million, accounting for 4.5% of the circulating supply. Additionally, other monitoring data shows that one wallet address received about $36 million worth of OM tokens from Binance on March 21 and transferred about 4.3 million OM tokens to OKX on April 12, accounting for approximately 4.5% of the circulating volume.

Scenario restoration (speculation + on-chain data combination):
1. A large holder deposited a significant amount of OM into a centralized exchange (OKX)
2. Used OM as collateral or leveraged long positions
3. Price retraced to the liquidation line, triggering the forced liquidation mechanism
4. The system automatically sold the collateralized OM, causing a larger drop
5. Chain liquidations, large holder positions exploded, and the market experienced a complete sell-off
(Liquidations are usually triggered by machines; as long as the trigger line is hit, they will sell regardless of how absurd the price is, leading to liquidity exhaustion.)

FDV overvaluation and disconnection from market valuation
-TVL (Total Value Locked): Only $13 million
-FDV (Fully Diluted Valuation): Up to $9.5 billion
-OM's market cap/TVL ratio at the time = 730+
This is an extremely unhealthy indicator, indicating that the market cap far exceeds its actual value support.
Many smart funds may have already laid out strategies of "short selling + shorting + liquidation counterattack," waiting for emotional triggers to ignite.

The MANTRA team stated that this sharp decline was mainly due to large leveraged positions held by major players on centralized exchanges (CEX) being forcibly liquidated, rather than active selling by the project team. Co-founder John Patrick Mullin pointed out that large OM investors faced massive forced liquidations on CEX, leading to the sharp price drop. According to DeFiLlama's data, the total locked value (TVL) of the MANTRA protocol is only about $13 million, while its fully diluted valuation (FDV) reaches $9.5 billion. This huge gap raises doubts about the rationality of its market valuation, increasing investor panic.

During the price drop, the MANTRA Telegram group was temporarily inaccessible, and community leader Dustin McDaniel stated that he was unaware of the situation and failed to respond promptly to investor concerns, further exacerbating market unease.

📉 The market is down, but it's an opportunity for ordinary people to "make money in reverse".

Recently, in this bearish market, the stock index keeps falling while the offshore yuan exchange rate has been rising. Don’t you understand? Holding no positions means making money.

Haven't the crypto enthusiasts noticed? The offshore yuan to US dollar exchange rate has been rising, and it’s about to hit 7.4. The issues with US-China tariffs have caused the ratio of USD to RMB to keep increasing, making the USD more valuable. Meanwhile, the crypto market is in a dire state, Bitcoin has broken the 7.5 support, ETH is plummeting, and many coins can't even be bothered to show green.

Many people think that when the market is bad, they should wait and observe. Little do they know, "taking action" at this time might be easier to make money than when the market is good:

✅ The exchange rate has risen, and the USD is more valuable.
For example, a month ago, 1 USD could be exchanged for 7.1, but now it can be exchanged for 7.4. Each USD earns you an extra 0.3 yuan, so if you have 10,000 USD, you directly gain 3,000 yuan without the coins rising. Isn’t that nice?

✅ The market is cold and the economy is sluggish; converting to cash is like a "safety belt".
Many people are waiting for the next bull market, but waiting doesn’t change life; you need cash to hedge against risks. It's the smartest strategy for ordinary people to cash out some USD and keep enough liquidity.

✅ Exiting early means exchanging more than exiting late.
To be honest, exchange rates fluctuate. You may see 7.34 today, but tomorrow it could drop back to 7.18. Poor market conditions + rising exchange rates.

At this time, to be honest—if you continue to hold USD and just wait, it only looks good on your account numbers; it’s better to convert it directly to RMB, secure your profits first, and having cash in hand brings peace of mind. This also involves the issue of safely cashing out USD; why do I always recommend #biyapay ? The entire cash-out process complies with regulatory requirements. It’s very convenient, and the best part is that it won’t leave transaction records in domestic banks. This means no one can interfere; your money is yours, dancing back and forth on the sharp edge of the card-cutting action, rejecting all limits, non-counter, freezing, and payment stoppage.

I’m not advising you to cash out all your USD, but I suggest you liquidate it in batches, for instance, cashing out 30%-50% first to convert to RMB, keeping it as cash flow. In an unstable market, having cash gives you confidence, and flexible allocation is much better than stubbornly holding on. When the US stock market stabilizes, or if the yuan depreciates again, you can buy back whenever you want.

Founded the Golden Dog Community Binance chat room. Welcome to the brothers of the community. I will regularly share some market views and some Golden Dog

点击进入

These past few days have been dominated by the decoupling of $FDUSD, with Brother Sun spreading FUD about FDT on Twitter;

I still remember when I first got into the Web3 industry, everyone was using USDT. At that time, aside from the crypto world, private transactions were happening in all sorts of industries. Seeing this brings back a lot of memories, as the regulations in the crypto world have become stricter over the past two years, and everyone is paying attention to this direction.

Since the DeFi explosion in 2020, USDT has become an important stablecoin for trading on DEXs like Uni, Pancake, and Curve. With protocols like Aave, Compound, and JustLend allowing users to use USDT as collateral for loans, the demand for USDT has surged; additionally, due to on-chain transaction fee issues, TRC-20 USDT on the Tron network has gradually become the main version for DEX trading.

The reason it's called a stablecoin is due to its anchoring standard. U is commonly used in foreign trade companies for cross-border transactions, avoiding traditional bank restrictions: some foreign trade companies in certain countries may face limitations and scrutiny from traditional banking systems, including high fees and remittance restrictions. By using U, companies can circumvent these limitations and conduct international transactions more flexibly. Moreover, some domestic companies also use U for settling salaries, and there’s no need to elaborate on the tax aspect...

Since 2023, U cards have been emerging one after another. During that time, they were constantly in the spotlight, with Visa cards from Onekey, Binance, and others available for daily consumption; in 2024, the introduction of spot Bitcoin ETFs will bring new capital flow, further expanding U's role in the market; some emerging market countries (like Argentina) also support U payments for certain real estate transactions.

Recently, some platforms have started supporting U for trading US stocks and Hong Kong stocks; for example, #Biyapay , under normal circumstances, we mainland users cannot buy US stocks. Opening an account in the US is very difficult; many brokerage websites for US stocks allow online account openings; entrusting a Hong Kong company to open an account is also very troublesome. Platforms like Biyapay allowing the use of U for buying and selling US and Hong Kong stocks are extremely convenient, even including the conversion of U from the crypto world.

Stablecoins in the crypto space have faced challenges such as compliance, market competition, and major crises over the past few years. In the future, as the crypto world becomes increasingly regulated, it may continue to expand more on-chain applications, enhance compliance, and fully realize new fields like real-world assets (RWA).

Happy Qingming Festival! $ETH cnm