Steel needs to be melted at high temperatures, and its melting point is 1538 degrees. Once ignorant thoughts are solidified, they are difficult to melt. Even if ignorant and ignorant thoughts are thrown into a 2,000-degree melting furnace, they may not be able to melt. Therefore, stay 10,000 meters away from people who are ignorant and solidified in their thinking. They are like infectious diseases, spreading stupidity everywhere, trying to find the truth and see the essence of things clearly. Arguing with ignorant people will only make you appear more ignorant.
#特朗普允许401(k)投资加密货币 I have experienced 94, 312, 519, 618, 84, 1220, Brexit, Luna crash, Three Arrows Capital crash, FTX top flow collapse, major exchanges delisting, mining machine delisting, ten ministries issuing documents, twelve ministries issuing documents prohibiting, Grayscale dumping, US government and German government dumping, miner whales dumping, Federal Reserve continuing to raise interest rates, US stocks, Japanese stocks, and Korean stocks circuit breaking.
Rwa is not something that every enterprise or industry can participate in the previous pilot in Hong Kong. Initially, capital is prioritized due to various high costs, especially compliance costs. Referring to dozens of previous cases, several pilot projects that participated in Hong Kong all required applications for relevant licenses. This means that projects participating in Hong Kong RWA need to apply for the relevant licenses. The Hong Kong government stipulates that issuers of RWS projects must hold a Type 9 license, custodians need a Type 13 license, and trading platforms require Type 1/7 licenses. The high costs of legal advice, license application fees, and the requirement of 5 million in paid-in capital have excluded countless small and medium-sized enterprises from the pilot. In theory, RWA assets can interact globally on the blockchain, but in practice, due to issues of financial sovereignty, there will still be physical restrictions. If financial assets cannot achieve global free interaction off-chain, it is also difficult to achieve global free interaction on-chain, still due to issues of financial sovereignty. If Chinese RWA assets could flow and interact freely around the world, it would mean that China has completely opened up its financial industry chain, but in reality, this is very difficult, as it involves issues of financial sovereignty and security. To summarize in three points: 1. High compliance costs for mainland Chinese enterprises conducting RWA business in Hong Kong. 2. Cross-border flow restrictions of RWA assets due to financial sovereignty; you cannot go out, and others cannot come in. 3. Real-world barriers and risks to China's financial openness. RWA is a new tool for major powers to compete for asset pricing rights. Why are the costs in Hong Kong so high? The real reason is to establish a firewall for a sovereign economic entity through high compliance costs, and the degree of openness of Chinese RWA will also match the national financial strategy. If this trend continues, global economic integration can be realized on-chain at the technical level, but in geopolitical terms, it may become an on-chain local area network. There are no borders on the blockchain, but finance has sovereignty.
Introduction to the five most mysterious capitals in the cryptocurrency world
Let me introduce to you the five most mysterious capitals of web3. Although these five capitals are unknown, they support the backbone of the bull market and cut the sickle of the bear market. 1. Peak Capital Core strategies: "Precise position building method in high-value areas" & "Model of chasing up after historical highs". Founder: Li Goudan, also known as the "K-line climber" in the industry, does not buy at the lowest price, but only buys higher, accurately sniping at the top of the mountain to go long. Classic battle: Successfully completed strategic positions within 10 minutes after Bitcoin reached $69,000 in 2021, Ethereum reached $4,800 in 2024, and various Dogecoins broke their previous historical highs. His investment philosophy is: "Stand high to pee far... Oh no, see far! Floating losses? That's just a temporary strategic push-up."
The evolution of the financial system is essentially a dynamic adaptive process in which human society continuously optimizes transaction efficiency, asset security, and value anchoring mechanisms under specific technological and institutional constraints. Each significant paradigm shift—whether the emergence of credit currency, the dissolution of the gold standard, or the application of distributed ledger technology—constitutes a structural solution to the core dilemmas and systemic limitations of the previous stage. When we look at the evolutionary history of finance over a millennium, it is actually technology that has had a tremendous impact, while politics has accelerated its evolutionary process.
#纳斯达克加密ETF扩容 The transfer of seigniorage, from the central bank to banks, and from banks to leading stablecoin platforms, has effectively imposed seigniorage on a global scale. Hidden beneath the guise of token economics and cryptocurrency economics is the seigniorage right and seigniorage tax of cryptocurrencies. In public chains, tokens of stablecoins actually possess seigniorage rights directly and collect seigniorage taxes, such as Bitcoin, Ethereum, and various under-collateralized stablecoins. Combining seigniorage rights, seigniorage taxes, token economics, cryptocurrency economics, and asset securitization, we refer to it simply as tokens. Under normal circumstances, seigniorage rights and seigniorage taxes are monopolized by the state. What is remarkable about Bitcoin? It establishes a brand new financial ledger through a series of technical combinations that can be used with a mobile phone or computer, breaking the constraints of national financial sovereignty, racial limitations, religious restrictions, etc. It can also be stored offline on a USB drive, and has formed a strong consensus globally, becoming one of the assets of many sovereign wealth fund reserves. Satoshi Nakamoto is great, providing a vivid financial lesson to the political and economic elites around the world.
The report aims to provide a non-technical audience with an interpretation of the key trends in the Web3 industry for the second quarter of 2025, focusing on decentralized finance (DeFi), layer 2 networks, zero-knowledge technologies (zkRollup), public chain competition, and market investment dynamics. Current State of DeFi Protocols: Funds Flowing Back and Yields Stabilizing. Entering the second quarter of 2025, the decentralized finance (DeFi) market shows signs of steady recovery. The total locked value (TVL) of the entire market grew approximately 3.3% month-on-month in April, reaching about $95 billion. This growth is partly due to positive changes in the macro environment, such as the U.S. releasing clearer or more lenient signals regarding regulations for DeFi platforms, which has somewhat boosted market confidence. Additionally, the stablecoin market also slightly expanded by about 1%, with USDC's market share rising to 26.2%, surpassing USDT for the first time. For ordinary users, the increase in TVL usually indicates more funds flowing into DeFi protocols, reflecting a restoration of user interest and trust in this field. From the perspective of DeFi locked value distribution among major public chains, Ethereum still dominates, with its DeFi locked value accounting for nearly half of the total market. The remaining shares are divided among public chains such as Solana, BNB Chain, Tron, and Layer 2 networks like Base and Arbitrum. The shares of Layer 2 and cross-chain protocols are gradually increasing, showing that users and funds are progressively shifting to these more efficient networks.
#鲍威尔发言 I recommend a book to everyone, "The Hunters and Prey Under the Disguise of Civilization." This book discusses how, throughout global history to the present, hunters disguise themselves through civilization to prey on their targets, and it talks about this quite brutally, bloody, so those who are faint-hearted should be cautious. If you find that unsatisfying, I recommend another book, "The Food Chain Map of Human Ecological Civilization," which discusses how humans imitate nature to establish ecology and form a food chain map, also discussing it quite brutally, bloody, so those who are faint-hearted should be cautious. Introduction: The so-called class in your eyes is merely a map of the food chain in animal ecology; the so-called civilization in your eyes is merely a mask under which hunters disguise themselves. The natural way governs spring, summer, autumn, and winter; the human way controls life, aging, illness, and death. The natural way manages the seasons, while the human way controls the process of life, aging, illness, and death. Reading these two books will not overturn your worldview, but rather reshape it, allowing your perspective to be elevated, seeing humanity from a divine viewpoint, and understanding why we are called advanced animals. If these two books were placed in ancient times, regardless of the dynasty, whether in the West or the East, they would undoubtedly be the most forbidden of forbidden books and would lead to the execution of entire clans. We must think more deeply about what the meaning of human existence is: it is for hunting and being hunted, for capturing and being captured.
#美国加征关税 The pattern of global brokerage trade integration will be disrupted, forming an economic trade circle centered around geopolitical issues. In this context of conflict, many quality assets will depreciate, such as in the web3 field. Is there any type of global asset that can have strong consensus and more efficient circulation like gold? The risk reserves of sovereign funds in various countries are changing, becoming more diversified. When crises are looming, they also represent fluctuations of opportunity. History is remarkably similar; during the previous Trump administration, tariffs led to a global financial downturn. This time, since Trump announced tariffs on a global scale, the cryptocurrency market should short, but many are still holding onto their positions. What are you holding onto? This round of tariffs is more intense than before, it is global, not just a trade conflict between China and the United States. Whenever the world becomes chaotic, people are always seeking advantageous safe-haven assets to bottom-fish, in response to inflationary pressures or to hedge against other risks.
#美国加征关税 This time the global finance is about to collapse, the United States wants to reconstruct the industrial system, and Trump is the troublemaker in global politics, finance, and trade. How many people suffer from unwarranted disasters, gods fight, and the little ones suffer.
A supply chain worth one hundred billion, a market value of one trillion, a circulation rate of less than ten percent. If the deflation problem is not solved, it would be strange if this thing doesn't drop below five dollars in the long run.
Many people talk about having no connections, no background, no resources, no education, this and that, as if saying these things can earn them points. Only the weak emphasize these to gain sympathy; the strong remain silent and work with high profile. There is no fairness in the world; what is fairness? Fairness is a partial compromise of the strong towards the weak.
As long as your contract is profitable, the automatic position reduction indicator will always be on; the more profit you make, the brighter it shines, commonly known as automatic position reduction. As long as your contract incurs a loss, making that light turn on is a probabilistic event. Profit leads to automatic position reduction; losses will never lead to automatic position reduction. Those who have experienced automatic position reduction after many profits have never experienced automatic position reduction after losses. The authority of explanation lies with whoever has it; whoever says it counts.
Every transaction is a qualification for participating in wealth distribution. Trading is merely a proof that you are on the boat of wealth transfer, and it does not mean that you can profit 100%. The market is random and uncertain, and historical data can only serve as a reference. You must not treat historical data as the sole indicator.
Cognitive biases and cognitive prejudices are both forms of cognitive disorders. Cognitive bias refers to the imprecise interpretation of various information and data. Cognitive prejudice refers to the random interpretation of various information and data. Cognitive bias is an unconscious garbled behavior, while cognitive prejudice is a conscious garbled behavior. Cognition has limitations, cognition has boundaries, cognition has biases, and cognition varies in levels; all of this is quite normal, as human time and energy are extremely limited, making it impossible to understand everything. However, on your path forward, whenever you encounter cognitive obstacles, you must flatten them out, such as in trading. If you encounter various obstacles in trading, you must build bridges when you meet water and construct bridges when you meet mountains, so that you can move forward on the trading path.
#你看好哪一个山寨币ETF将通过? Relying solely on technical analysis cannot provide a sense of security in trading results. To achieve a sense of security in trading outcomes, even combining fundamentals, technicals, news, capital, and consensus is still far from sufficient, because this is the cryptocurrency world, this is finance, this is human nature. The market is a carrier of human nature, so you are not competing with the market, but rather with human nature. What is human nature? For example, greed is part of human nature, but if greed lacks the support of strength and boundaries, it becomes a curse. Among the vast waters, one can only drink a ladle to quench thirst; wanting to drink it all is beyond one's strength and capability, leading to either bursting from excess or drowning. Contracts, while amplifying the capital size, also proportionately amplify the speed of risk and loss.