——“I am lucky to be able to stop, but my legend will forever exist in the world”
Four months in prison gave CZ a chance to reevaluate his life. He candidly stated, “The first month was indeed tough, after all, Binance is like my child.” However, he soon discovered the unexpected benefit of “retirement” — time. For the past seven years, he had been buried in the struggles of the exchange, missing out on the details of new waves like AI and DeFi. Now, he can finally step out of Binance's daily operations and direct his energy toward broader fields: “The world is changing too fast; a CEO's tenure should not exceed ten years, otherwise, thinking becomes rigid.”
Some worry that the departure of this soul figure of Binance will lead to the empire's collapse. But data shows that Binance's trading volume remains at the top, and the new CEO Richard Teng's compliance experience, along with co-founder He Yi's community operations, have helped Binance find a new rhythm amidst regulatory challenges. CZ is very calm about this: “The team is doing great, and there’s no need for me to go back. Even if given the chance, I don’t want to — letting go is the true trust in my ‘child’.”
The current CZ resembles more of a “crypto evangelist.” He has two new battlefields:
Giggle Academy: A free gamified education platform, lacking traditional degrees, replaced instead with NFT certificates and on-chain skill certifications. He said, “Teaching a person to fish is better than giving them a fish; education is the lever that will propel the future of crypto.”
Three major investment tracks: blockchain, AI, and biotechnology. He even personally delves into the underlying logic of “AI + blockchain”: “AI data labeling is best paid for with cryptocurrency, global low-cost labor + instant settlement — that is the power of decentralization.”
Choosing to retire gracefully requires more wisdom than stubbornly holding onto the throne. He joked, “If I were to resign voluntarily, others would think I couldn’t hold on anymore. But being forced to leave, no one complains.” True control lies not in the position, but in the influence. Although he is prohibited from participating in Binance's operations, he remains the largest shareholder (holding 90%) and stated, “If the team strays off course, I can change people at any time.” Crypto is no longer just about trading speculation; it is a tool that permeates the real world. Those who lay down the crown can still rewrite the rules.
Did the air suddenly become sweet? Last night, three major magical plots played out in succession. Just as the U.S. Treasury Department announced a tea party in the crypto circle, traders calculated: it must be that the old Biden gang wants to ride on Trump's hot topic! As a result, BTC soared — just a breath away from hitting the ten thousand mark (100k USD). The market locust army has already bet that the Seven Fairies (July) must cut interest rates three times before finishing their dance, after all, everyone wants to catch the sunrise before Trump's mysterious big gift at ten o'clock tonight.
Did the Binance vault security suddenly back 6,393 bitcoins? (The April holding data was just exposed not long ago) This wave of faith accumulation might be the wildest operation in the past three months. Abraxas Capital's sister is even more explosive: late at night, they emptied 21,999 ETH from Kraken, priced at 1,814 like picking up discounted cabbage, but suddenly increased their holdings of national strategic reserve materials, fearing there might be ticket warehouse forces secretly guarding the market.
The old indigenous of EOS suddenly transforms, starting May 14, they will form a group to storm and rename themselves "A", promising a 1:1 exchange to shoot the bird that sticks its head out. This operation is comparable to an old house bursting out with an electric supercar, but the question is, can the track-level tokens really undergo a transformation?
Top idol Yua Mikami's cross-border MIKAMI coin was suppressed by the air force within half an hour of opening, now only the leftover change of a meat sandwich remains. This warns that even top IPs can hardly withstand the speculative scythe of the stars and the sea.
The Federal Reserve is actually more of a test of human nature than Trump's apprentice. Although it pretends to maintain the scene in June, there is an 80% probability that it is just playing Tai Chi — after all, the whole world is eagerly anticipating the devaluation frenzy of the U.S. dollar.
The crypto air force headquarters suddenly turning all nodes into cavalry might be approaching. According to the latest intelligence from informants, a mysterious Eastern power is secretly preparing huge leverage, ready to welcome the upcoming "ten o'clock grand performance."
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"You will never understand that kind of fear—one second sipping coffee in Silicon Valley talking about investments, and the next second locked in a place where even the toothbrush is a deadly weapon." In a recent interview, former Binance CEO CZ rarely revealed his thoughts from behind bars. No one expected that the Chinese tycoon, who once dominated the cryptocurrency world, would end up sharing food and sleeping with a double murderer at his lowest point.
On the day he entered prison, the 1.87-meter-tall CZ was placed in a four-person cell. He still remembers the cold sweat in his palms—on his left lay a gang boss with a back full of cross tattoos, next to him was a muscular Latino sentenced to 15 years for drug trafficking, and directly across from him was a cellmate who had taken two lives ten years ago. Such scenes, only seen in movies and dramas, became his daily life during his four months in prison.
"What scared me the most was not them, but the clock on the wall that never kept time correctly." CZ smiled wryly. This tech enthusiast, who controlled a $100 billion trading platform, suddenly realized he had been stripped of even the right to know the time. "You never know when you might be suddenly transferred or when your sentence might be extended; that feeling of being at the mercy of fate can drive a person crazy."
There were no VIP cells or special treatment in prison. This billionaire ate hard corn tortillas every day and shared a shower with drug dealers, yet he found another kind of freedom amid the daily 'greetings' from the metal detector three times a day. "When you only have half a bar of soap left in your pocket, you can hear the heartbeat of life more clearly."
The most dramatic scene occurred late at night: the godfather of blockchain, wearing gold-rimmed glasses, curled up in bed explaining Bitcoin principles to a murderer using a borrowed pencil on a napkin. "He didn’t understand private keys and public chains, but when he heard 'this ledger cannot be changed by anyone in the world,' his eyes suddenly lit up." CZ said that the uncle, who was sentenced to 28 years, became his best student in prison.
On the day he was released, Wall Street Journal reporters flocked to him but only captured him folding his wrinkled release certificate into his suit pocket. While everyone speculated when he would return to the crypto world, he flew to an island to spend three months with his daughter planting sunflowers. "Money can buy the entire crypto world, but it cannot buy what my cellmate taught me in prison—life's greatest hack is the forgetfulness of one's true self."
"I regret it so much! This segment should never air!" When Musk blurted out this line in front of Trump's daughter-in-law's camera, the air suddenly fell silent for two seconds. The Silicon Valley maverick then shrugged and added, "Just kidding," but the awkward laughter from the audience exposed the cracks in this political and business marriage.
▶ What did the $2.5 billion political gamble achieve? When Musk poured astronomical sums to support Trump’s re-election, outsiders thought it was a win-win deal—tech moguls wanted policy benefits, and politicians needed financial backing. But reality has plummeted like Tesla’s stock price: tariffs hit auto parts, sales in China dropped by 32%, market value evaporated by $600 billion, and the $160 billion saved in government spending barely covers the losses. Musk publicly stated that "Trump's victory is crucial," while secretly initiating plans to stop the bleeding at the Texas battery factory, a scene akin to a scumbag swearing loyalty while deleting chat records.
▶ White House 996 and Tesla's crisis: The torn Musk By day, he acts as the government’s "budget-cutting commissioner," demanding civil servants work unpaid overtime and gets criticized on social media; by night, he returns to Tesla as CEO, watching order volumes plummet. This time management master spends only 1-2 days a week on government affairs, and it was revealed that he hasn't even gone to the office since April. More ironically, the government reforms he led were exposed by audits: the alleged savings of $160 billion were mostly due to delayed allocations, and the actual saved amount was insufficient to cover the losses from the shutdown of the Berlin factory.
▶ When boycott movements encounter legal investigations The "Boycott Tesla" movement initiated by liberals has already right-winged the brand image, and European consumers have collectively turned to local car manufacturers. Democratic lawmakers seized the opportunity to strike, accusing Musk of using his government position to force through the Starlink project, and although there was no solid evidence, it has plunged him into a whirlpool of public opinion. As the board of directors starts looking for a new CEO, this once bold maverick who claimed to colonize Mars probably understands better than anyone what it means that "Earth is too dangerous."
The winds of May at Kowloon Warehouse carry a salty tang as three 10,000-ton cargo ships slowly depart with Hong Kong's largest office building transaction in nearly a decade. When the news broke that CK Hutchison Holdings had sold the Central Plaza for HK$35.4 billion, people realized: the man who once said 'Cheung Kong Group will never relocate' is decisively dismantling the business empire he built over his lifetime, more resolutely than the younger generation.
This commercial giant, spanning half a century, is performing a breathtaking wealth relocation act. Starting from the sale of Shanghai Pudong Century Plaza seven years ago, to last year's 30% discounted sale of the luxurious Pololdao residences, and recently listing the London UBS building, Li Ka-shing's asset swaps resemble a precision bomb disposal operation—each transaction occurring just 0.01 seconds before a historical turning point. While everyone was still debating his 2015 statement 'Don't let Li Ka-shing escape', this 94-year-old has already completed a new layout involving the UK power distribution network, a Dutch energy company, and a Polish children's clothing brand.
The shouts of 'Businessmen have no homeland' still linger in the air, but if you decode Li's investment map like Morse code: cashing out HK$40 billion before the mainland's property regulation in 2012, acquiring London water companies before Brexit in 2017, and buying UBS shares during the Credit Suisse crisis this March, each move has been proven to be a first-mover advantage by time. People are finally realizing that this elderly man, who insists on reviewing financial statements every day, is merely executing the most traditional Chaozhou business adage amidst the tumultuous global economy—'When the spring river water warms, the businessman knows first; do not wait for the ice to break before setting sail.'
This trillion-level wealth migration may reveal a deep fracture in Hong Kong's commercial civilization. As Li Ka-shing begins to divest his 48-year-old Hong Kong telecommunications business and closes hundreds of Watsons stores, a certain metaphor emerges: the myth of Chinese business built on political connections, land monopolies, and port dividends is being torn apart by digital waves and geopolitical strife. Now, what is being liquidated is not just concrete buildings, but also the survival philosophy of Hong Kong merchants passed down for half a century.
Standing in the twilight of Victoria Harbour, watching the capital trajectory of CK Hutchison shift westward, one suddenly realizes: this elderly man, seen as the embodiment of Hong Kong's spirit, may be completing his final farewell to the Hong Kong model. The former rule of 'not earning the last penny' ultimately cannot withstand the tremors of the era's giant wheel pressing down.
On April 29, when Trump was asked by a reporter 'Who should be the new Pope?', he grinned and said, 'Me! I'm the first choice!' After that, he added, 'There's a cardinal in New York who's not bad either.' Three days later, he took it a step further by personally joining the meme game, posting an edited photo of himself in papal robes on social media, which the White House account surprisingly shared at lightning speed. This move ignited a firestorm in the public sphere: MAGA supporters found it 'presidential humor', while the opposition criticized it as 'America in moral decay'.
The Trump team had long been playing the 'sanctification' persona—supporters wear T-shirts printed with 'God's chosen', his birthday is being made a public holiday, and now he's even daring to don papal robes. Some analysts believe this is comparable to ancient Roman emperors claiming to be 'sons of God', essentially elevating political authority above religion. More subtly, the White House simultaneously announced a grand military parade on June 14 (Trump's birthday + Flag Day), with ambitions spilling over the screen.
Despite Trump’s playful demeanor, reality is stark: the Catholic Church mandates that the Pope must be unmarried and male, while Trump has been married three times and is not even a member of the clergy. Even the New York Cardinal Dolan he supports has been met with skepticism from Vatican experts: 'Too Americanized, no chance!' The only non-European Pope in history, Francis, also made a surprising rise to power, but at least he was a legitimate cardinal.
The late Pope Francis and Trump are practically polar opposites: one lives in a small Vatican hotel concerned about immigrants, while the other resides in a gilded tower building a border wall. The two have been exchanging barbs since 2016, with Francis stating, 'Those who build walls are not worthy of being called Christians', to which Trump retorted, 'The Pope should have asked me to be president when he was threatened by ISIS.' Now, Trump's recent actions are seen as a continuation of his challenge to church authority—if I can't be your Pope, I'll just create my own 'Papal persona'.
Trump most likely never genuinely wanted to become Pope, but this maneuver perfectly aligns with his consistent strategy: dominating the headlines with controversial topics, solidifying his core support, and simultaneously testing the boundaries of power. Some foreign media have warned that this 'religion + populism' hybrid operation is turning the White House into a 'new St. Peter's Basilica', and what Trump may want is a 'political-religious empire fantasy'. Next time he edits himself as the Jade Emperor, we shouldn't be too surprised—after all, in the Trump universe, there's no such thing as too crazy, only crazier.
The cryptocurrency market in 2025 resembles a roller coaster——
Bitcoin ETFs are cooling down, institutions are locking up assets and playing dead, while retail investors are partying wildly with altcoins. 90% of altcoins have already fallen back to pre-liberation levels. In plain terms, the market is playing a 'survivor game'—the strong get stronger, and the weak go to zero.
High-performance chains like Solana and Avalanche, leveraging DeFi and AI + blockchain operations, have an ecosystem that keeps growing.
Coins like DOGE and PEPE, which rely on community support, may lack technology, but when the sentiment is right, they still take off. Market makers pump the price + retail FOMO, and it’s all about the thrill.
Fetch.ai tokenizes AI computing power, and Ondo brings real estate and bonds on-chain. These types of coins have backing from real assets, with lower regulatory risks.
The SEC is scrutinizing altcoins for 'securities', XRP took 4 years of legal battles to turn around, and small coins can be hammered at any time.
Coins with code plagiarism, anonymous teams, and websites that look like PowerPoint presentations should be blacklisted. In April, a certain AI coin copied code from GitHub, surged 300%, and then crashed.
Market makers love to play 'pump - release bad news - wash out - pump again'; you think you’re bottom fishing, but you’re actually taking the bag. Half of the coins that surged in April have already fallen back to their original points.
Is there still a final chance to ride the altcoin wave?
Altcoins in 2025 aren't without opportunities, but the opportunities are more selective. Either stubbornly stick to the leaders (SOL, MATIC), or bet on new tracks (AI + RWA), just don’t touch scam coins. You’ll either profit with socialites or end up working in an electronics factory.
On the day Director Wang was taken away, I happened to be in the office next door. In the bottom drawer of that mahogany desk, besides an unopened bird's nest gift box, there were also half a box of fast-acting heart-saving pills scattered about. This detail stuck in my throat like a fish bone — it turns out that these officials who make a ruckus during the day are swallowing tranquilizers to get by at night.
Last year, when I accompanied a relative to the bureau to handle some business, the young man at the counter was scolded mercilessly as soon as he handed in the documents. I peeked in and saw the vice director, with a beer belly, stuffing antihypertensive pills into his mouth, his shiny forehead revealing the blood vessels in his eyes like a spider's web. I heard that he could gamble away seven figures in Macau, yet he couldn't book a first-class seat whenever he traveled with his family — afraid of being photographed and posted online.
During a reunion with old classmates, we talked about the CEO of a certain state-owned enterprise, who owns five properties but has to spend money hiring people to live in them regularly to feign a sense of life. His daughter studies in the UK and doesn’t dare to video call during festivals, fearing she might accidentally slip up and be eavesdropped on. The most ironic part is that during a health check last year, the proportion of the leadership team diagnosed with severe anxiety reached 71%.
"There are deities three feet above," modern cameras are a hundred times more formidable than deities. A former director under investigation confessed that while in office, he always had to pull the curtains three layers down and would sit bolt upright upon hearing police sirens at night. Those gold bars and calligraphy works were too risky to store in a bank and too valuable to be stolen, so he dug out a three-meter-deep "underground vault" in his yard, only to have the foundation collapse and be reported by neighbors.
"Those who collect hundreds of gold cannot sit at ease, and those who accept thousands of gold cannot eat or sleep peacefully." The pain of corrupt individuals, ancient and modern, is surprisingly similar. After all, the human heart beats only so many times per minute; no amount of money can buy a deep night's sleep.
Who would have thought that the illustrious career of U.S. National Security Advisor Mike Waltz would come crashing down due to a "slip of the hand"? In March this year, he mistakenly added the editor of The Atlantic to a confidential Signal group chat, allowing reporters to witness the U.S. military's operational plans for airstrikes against Houthi forces in Yemen. Even more absurdly, Defense Secretary Hegseth simultaneously shared the flight schedule of F/A-18 aircraft in another family group chat! This incident caused the American public to exclaim, "Is the White House running like a child's playhouse?"
On May 1, Trump suddenly announced that Waltz was "promoted" to U.N. Ambassador, but anyone with clear sight could see this was a "dignified dismissal." After all, the leak scandal turned the White House into a global laughingstock, with Democratic lawmakers calling for his ousting daily, and even far-right allies were beginning to disdain Waltz, accusing him of not being "MAGA" enough. The White House Chief of Staff even refused to speak with him, as there were already internal plots to replace him. Trump praised him for "putting national interests first," while secretly appointing his loyal Secretary of State Rubio to temporarily take over national security affairs—this "slap and a candy" routine is truly masterful.
Why was leak mastermind Waltz ousted while the equally disgraced Defense Secretary Hegseth remains secure? The answer is two words: Loyalty! Hegseth is a staunch Trump supporter, having previously confronted Zelensky in Ukraine for being "ungrateful"; while Waltz had criticized Trump in his early years and even had a black history video unearthed. In Trump's eyes, capability can be lacking, but "showing loyalty" must never be ambiguous. The popular candidates to replace Waltz are all die-hard "MAGA fans," such as Middle East envoy Wittecoff—who has been a friend of Trump for 30 years and is even familiar with Putin.
During Trump's second term, 15 high-ranking officials have already left due to issues of leaks and loyalty, and the national security team has been criticized as "the most chaotic in history." "The White House Signal group should be renamed 'Trump's Bragging Group' since discussing serious matters is too risky!"
Family, who understands! Japan's top trend ~ The crossover of a popular star issuing tokens has surprisingly become a phenomenon — the pre-sale of MIKAMI just closed, and on-chain data shows it has absorbed 23,356 SOL. This meme coin, using the name of an AV goddess as its logo, is stirring up the entire crypto circle.
This wave is truly a win! The project's original pre-sale hard cap was set at 8,000 SOL, but it was blasted through in less than three hours, creating a frenzy that rolled up 2.3 times the expected funds. On-chain whale monitoring shows that a certain mysterious address alone dropped 1,200 SOL, and the fan economy is reaching new heights in the crypto world.
The onlookers are split into two heated factions: the crypto fundamentalists angrily denounce this as "third-rate stars harvesting leeks," while the Web3 entertainment faction supports that "this is the right way to break into the mainstream." Interestingly, the community's spontaneous secondary creations have already spiraled out of control — from NFT meme packs adapted from classic film references to developers playing 'airdrop guessing game' on Discord, they've turned token issuance into a large-scale performance art event.
Currently, the off-market price has been driven up to 8 times the pre-sale price, but the depth in exchanges is like a rollercoaster — it can drop 50% in 5 minutes and then bounce right back, making the game between whale traders and retail investors quite nerve-wracking. Insiders reveal that Yuya Mikami herself might appear in a live stream during next month's airdrop event. If this really happens, it could rewrite the traffic ceiling for influencer tokens.
The most incredible part is the "Tokyo Hot" reference buried by the development team in the white paper: whenever the token price breaks a previous high, a mysterious video is unlocked and stored on IPFS. Now, all the veterans on the internet are digging madly ~ no one expected the pink economy would become a surprising force in promoting distributed storage.
The situation is severe, but I am full of confidence in the Dong Xiying case, and the reason is simple
Now the entire internet is digging into Miss Dong's background—from her undergraduate degree in economics at Columbia to the '4+4' program at Xiehe, from a 24-page water paper to patent plagiarism as a student at Beike University, even details about her aunt's lab's disabled graduate student being extended have been unearthed. Even more absurd is that the Xiehe Medical School deleted the admissions webpage and removed the papers from CNKI, these 'covering up' operations have all been screen-captured by netizens as evidence. It's like a thief wiping fingerprints after a crime, only to be caught on surveillance video during the whole process; the more they try to cover up, the more flaws emerge.
This time it is not a self-examination by the hospital, but a group from the Audit Office and the Ministry of Education coming in. Just look at the direction they are investigating to know they are aiming to pinpoint key issues: the admission list of the '4+4' program, the flow of 47 million 'expert consulting fees' from the China Metallurgical Group, and the interest chain of the Dong family spanning three generations. Especially since the research funding approved by Dong's father was directly allocated to Dong's mother's team, this kind of 'family business' operation cannot hide from the big data of auditing.
Binance secretly airdropped $STO to BNB holders (reportedly without a pop-up or announcement), someone in the group suddenly had a four-digit increase in their wallet
📈 The May points Alpha scoring token No. 7 officially debuts, and it should be no less than 100 points! However, be aware that there is a vacuum period around the May Day holiday; will the points be interrupted during this time? #币安HODLer空投STO
Miss Dong's starting point is an economics degree from Barnard College at Columbia University. It sounds glamorous, but peeling back the layers, it is essentially an affiliate college of Columbia University, with independent admissions and teaching, essentially a 'high-cost low-quality degree' program. What does an ordinary person need to enter Columbia's main campus? A gaokao score of over 680, and application materials that undergo rigorous screening. Meanwhile, Miss Dong's family threw money at the problem, allowing her to easily obtain a diploma from a 'branch of Columbia'. Even more exaggerated is that she has never set foot in Columbia's main campus—it's akin to buying a diploma from 'Harvard's affiliated high school' and calling it 'elite study abroad'.
The identity of being a returnee is seen by some as a monster while for others it becomes a golden key to success?
Sister Dong expressed her anguish at the shareholders' meeting: "I would rather mistakenly kill a thousand than hire returnees!" It seems that every international student has a listening device hidden in their suitcase. But look at Dong Xiying's resume—undergraduate in economics from Columbia University, transitioning to a medical doctorate, completing in four years what takes others fourteen years in medical training, with residency training reduced to one year, and a thesis advisor spanning metallurgy to orthopedics. This is no ordinary returnee; she is clearly a 'heavenly dragon person' who bounced into the pinnacle of the pyramid on a privileged springboard.
At the Gree recruitment fair, it is a "risk item" that needs vigilance; but in the Union Medical College's "4+4" elite channel, it becomes a "pass" that breaks conventions. Just like a trump card in a deck, it is a worthless piece of paper in the hands of ordinary people, while it can transform into a whole deck of tricks in the hands of privileged players.
When Dong Mingzhu publicly rejects returnees, the public does not see the returnee executives in her company enjoying subsidies from the "Peacock Plan"; when Dong Xiying was exposed for academic misconduct, her academic mentors collectively remained silent. This sense of tearing is like watching a magic show—out front, they make you focus on the guise of anti-espionage, while behind the scenes, they have already established the real channels for transporting resources. Ordinary returnees become the squeezed middle layer, having to bear the stigma of being "spies" while unable to enter the gilded club of the privileged class.
The original intention of the Union Medical College's "4+4" program was to cultivate composite talents, but it has instead become a VIP channel for the children of the powerful. When Dong Xiying and others skip exams with recommendation letters and obtain their doctoral degrees with a 30-page thesis, those medical students who are burning the midnight oil in laboratories are still worrying about their residency salaries. Even more frightening is that this kind of "legal cheating" is replicating in education, healthcare, and other fields, quietly transforming the channels for social mobility into private helipads.
When Dong Mingzhu shouts through a loudspeaker, "Prevent fire, theft, and returnees," what she truly wants to prevent may not be spies, but those "true returnees" who are unwilling to cooperate with the rules of the interest groups; and when the children of the privileged class easily pass through with the halo of returnees, the children of humble backgrounds are even denied the qualification to question it, branded with the label of "sour grapes mentality."
The weight of one's background has long surpassed the gold content of academic credentials.
Using half a lifetime's savings at a 4S store to buy a new car, only to be told at home that 'the boss has run away with the money' — this is not a scene from a TV drama, but a surreal experience recently faced by BYD car owners in multiple locations in Shandong and Liaoning. The Qiancheng Group, once regarded as a golden partner, has suddenly 'disappeared', leaving thousands of car owners either unable to pick up their cars or without after-sales support, even the 38 yuan car wash voucher has become worthless.
This sudden collapse of trust has lifted the last veil over the automotive dealership industry's murky underbelly. Over the years, we have become accustomed to the shiny floors and rich freshly brewed coffee at 4S stores, but little did we expect that beneath the gloss lies a bumper made of paper — in 2023, the national automotive dealership closure rate exceeded 70%, with an average of 4 stores disappearing every day; it turns out that the dealers' tough days are harder to endure than consumers' loan bills.
The unexpected blow BYD has faced exposes a harsh side of the new energy vehicle market. Behind the price wars is not only a technical battle but also the fragile funding chain of dealers betting their lives. When car manufacturers frantically push inventory to boost sales, some dealers are forced to treat customer deposits as working capital. This business model, which treats consumers as human cash dispensers, is doomed to crash sooner or later.
But do the ordinary people whose hard-earned money has gone down the drain really deserve to be unlucky? Some have noticed a puzzling detail: several 4S stores under Qiancheng Group were still frantically collecting deposits just two weeks before they ran away. Is this bizarre operation a result of mismanagement or deliberate fraud? Lawyers suggest this could violate laws against illegal public deposit collection, but the rights-protecting car owners are faced with a vicious cycle where manufacturers pass the buck to dealers, and dealers blame the market.
This incident has indeed forced car manufacturers to show their will to survive — BYD announced overnight that they would cover losses for affected customers. However, merely mopping up the mess is not enough; it is time to rebuild the dealership system. The direct sales model of neighboring Tesla may be eye-catching, but at least no one worries about sudden store closures. While traditional car manufacturers continue to use dealers as a buffer for sales, this wave of closures may become the catalyst for disrupting the century-old automotive sales model.
Standing in a muddy parking lot filled with rights-protecting car owners, one suddenly realizes a fact: it turns out that 4S stores are even more afraid of price drops than we are. As the elimination race for new energy vehicles enters a hand-to-hand combat stage, who is footing the bill for this extravagant feast?
This is really infuriating! When it comes to collecting money under the guise of airdrops, they're more eager than anyone else @Uni_Pony_ In just 17 minutes, they sucked up 800 SOL at lightning speed, making a name for themselves. But guess what?
The old foxes in the crypto world are laughing—originally planning an airdrop to let the retail investors work for free, but they didn't even see a hint of the airdrop; the liquidity pool isn't planning to release even a penny, waiting for the trading volume to come in before sneakily withdrawing the pool.
As a result, retail investors flipped and smashed 800 SOL in their faces, and the true nature of the project revealed itself: the project team can't even afford a basic AMM! Now, the on-chain data is starkly indicating 'bottomed out', and this reverse marketing has directly caused a rift in community consensus: is it really that there’s no budget? Or is it a failed scheme? The comment section has already switched to microscope accounting mode, and it’s recommended that the project team start emergency measures overnight!
Why Did the Trillionaire Become a Pawn in the White House?
In Washington's May downpour, Musk stood on the top floor of Tesla's headquarters, watching the 300 billion dollars evaporate from his account, suddenly recalling that fateful night six months ago — when he received the call about Trump's victory, he thought he was the one orchestrating this power game.
The alliance between this Silicon Valley tyrant and White House madman is nothing short of magical. When Musk landed his private jet at Mar-a-Lago, they reached a devil's bargain over whiskey and cigars: Tesla gained entry to the military-industrial complex, SpaceX monopolized NASA's budget, and in exchange, Musk would pave the way for Trump's return to the White House with 150 million dollars in political donations and millions of fans.