龙心盐期权

James Wynn's BTC long position increased to $790 million at 1 AM, currently showing an unrealized loss of $5.82 million.

However, if he learns about options, buying the implied volatility at a certain point might just create a butterfly effect... Most importantly, he won't face liquidation...

The year-end futures premium for BTC reached 8%, meaning if you buy BTC directly with USDT and completely hedge by selling BTC futures, the locked-in USDT return is an annualized 8%. Essentially, this is the basic rate in the crypto circle right now. If USDT-based returns can't exceed 8%, it’s better to just lock in profits through arbitrage and play later in the year.

The Chinese Shenzhen printer company Tian Sheng (#Procolored) was found to provide official drivers that carry backdoor programs used to steal cryptocurrency, with data showing that hackers stole a total of 9.3 bitcoins.

As for the infection cause, Tian Sheng used USB drives to transfer these drivers, and after being infected with the backdoor program, Tian Sheng uploaded them to a cloud drive for global users to download.

Ever since I learned about paying taxes, seeing my account make money makes me anxious.

Brothers who didn't leave in November 21, 69000, now in 25 years, the cumulative return over 4 years is 58.8%

This account mainly hedges its own BTC spot in US stocks, with the core requirement being to minimize losses when the market rises and maximize profits when it falls.

However, theta is always negative; since this is a hedge, it's acceptable to buy puts to cover the premium.

Everyone is really just trying to ride the wave of BTC.

The stocks that were listed yesterday, cryptocurrency concept stocks, have risen, but many people have been stuck... (I didn't get the new shares, I'm so sad)

Personal opinion, if investment tax is levied on mainland investors for overseas investments, it will indirectly lead to the following phenomena:

A The identity of HK becomes valuable again, especially for those who do not want to immigrate, but are high net worth retail investors in the soaring cryptocurrency market.
B This will be a devastating blow to Chinese concept stocks and small-cap US stocks; the former will see the largest buying power weakened, while the latter will experience another wave of loss in liquidity for good imported retail investors.
C Dividend stocks will continue to be sought after, especially those that have continuously paid dividends for over 10 years and companies that can operate for over 100 years. Financial stocks are an exception.

The U.S. stock market has a higher capital gains tax compared to our country, especially for large individual profits. This indirectly leads to the fact that if you really engage in active trading in the U.S. stock market, you face a significant amount of tax costs, making it easier to just buy actively managed funds. On the other hand, the most suitable stocks for retail investors to actively purchase are high-dividend stocks, choosing some century-old companies that only pay dividend taxes each year, while the remaining amount can be withdrawn for consumption, avoiding taxes on fluctuations.
PS: Currently, there are also many rumors about U.S. stock traders possibly being required to pay taxes, which is difficult to assess. However, for those with large profits, especially those that are significantly repatriated, this risk should not be underestimated.
PS: The capital gains tax on Hong Kong stocks is also quite unpleasant, directly leading to the long-term existence of A-H premium. For A-shares, holding for one year exempts dividend taxes. Retail investors do not pay taxes regardless of how much they earn from active trading. (This is why the threshold is low, and everyone messes around, leading to major losses...)

Close the low IV short call at the far end while also closing the recently hedged long futures

It is said that a short-selling giant whale has liquidated 10 million.

Bitcoin officially surpasses Amazon to become the fifth largest asset in the world.

Previously, we mentioned in our offline courses that during the U.S. interest rate cut cycle, people often face more difficulties. Many do not understand this. Let me mention a phenomenon that everyone knows from the University of Tokyo.
Do you remember ten years ago?
During the Spring Festival ten years ago, the annualized return of Yu'ebao reached 7%.
Do you think it was harder to make money back then or is it harder now?
The difference this time is that it is a U.S. interest rate cut, and global currencies are generally appreciating, which directly leads to the result that earning money in dollars is definitely much harder than before.

If a publicly traded company announces the completion of the largest product launch in history, yet the stock price shows no reaction

That's right, I'm talking about ETH····

The New Hampshire House of Representatives passed HB302 on April 15, 2025, allowing the state treasury to invest up to 5% of public funds in digital assets such as Bitcoin, provided these assets meet the standard of "an average market value exceeding $50 billion in the previous year," which currently only Bitcoin satisfies. The bill was subsequently approved by the Senate Tax and Finance Committee on April 24 with a 4:1 vote and submitted to the state Senate for final approval. If passed, it still requires the signature of Governor Kelly Ayotte to take effect. The latest information shows that the governor officially signed the bill into law on May 7.
Core content and implementation details of the bill

Investment limit: The initial proposal suggested investing 10% of state public funds in Bitcoin, which was ultimately adjusted to 5%. Based on the state's $3.6 billion in public funds, this could allocate approximately $181 million at most.
Bold prediction: If all U.S. states gradually pass this, it could bring an incremental market close to $30 billion.

Recently, many friends around me have asked: Is holding a large amount of cash the safest choice? My answer is: 'Short-term easy win, long-term big loss.' Why? Because an epic 'monetary migration' is about to unfold, and the only two things ordinary people can do are — grasp core assets tightly and lock in consumption in advance.

The most magical reality right now is: the central bank is unleashing liquidity, but banks are acting like they have 'Parkinson's disease' — either shoving money into state-owned enterprises that don't lack funds or blindly withdrawing loans from private enterprises. This absurd drama of 'flooding the fields but starving the seedlings' may require more aggressive policies to break the deadlock (such as directly providing targeted loans to small and micro enterprises).

Or, be bolder and give benefits to the middle class, like allowing a second child to offset personal income tax.

This round of liquidity is definitely not evenly distributed but is precisely drip-fed into areas that 'can generate money.' Ordinary people can either follow the national fortune (buy core assets) or exchange currency for hard assets that resist inflation (upgrade consumption). As for holding cash and waiting? You will soon realize — cash is still just paper, but the things you can buy are visibly shrinking.

By the way, I haven't mentioned the potential policy-driven 'consumption upgrade' for blue-collar service industries.

Do you remember the 'Great Leap Forward' of garbage classification that made the people of Shanghai suffer greatly?

Bitcoin Reserve Policies of the United States States ​​​

Google of Nasdaq, approaching 52-week low