勇哥柒

Let the old man tell you, what is Web5

Family-style coin issuance? After Trump, his wife will issue

Many people have not yet come out of the news of Trump's coin issuance, and many people are guessing who will be the next celebrity to issue coins. When most KOLs guessed that the next one would be the President of Argentina or President Salvador, the answer was not between the two. Trump's wife announced the launch of MEME tokens on social media. Surprised, everyone is very likely to see the trend of family-style coin issuance. Now, to speculate in coins, you don't have to learn finance, macroeconomics, and family genealogy. However, many people have expressed their concerns about this. What do you think the impact of this family-style coin issuance will have on the entire crypto industry in the future? Will it be better or worse? It is also possible to predict whether this family-style coin issuance will continue further?

Trump SOL releases MEME with a market value of over 10 billion

Trump tweeted that the new official Trump Meme is now online and it's time to celebrate everything we stand for. Welcome to join this very special Trump community and get your TRUMP now.

Many people doubt the authenticity of the incident and suspect that Trump's X account was stolen. As of the time of posting, the rumor has not been refuted. Many cryptocurrency media also said that it is highly likely not caused by hacking. The market value of the token has exceeded 10 billion US dollars.

The content of the TRUMP official website shows that Trump Memes aims to support and participate in the ideals and beliefs embodied by the "$TRUMP" symbol and related artworks. CIC Digital LLC and Fight Fight Fight LLC, subsidiaries of the Trump Group, jointly hold 80% of TRUMP, but they must follow a three-year unlocking plan. At this important node when Trump is about to take office, this action is also seen as an important event for Trump to fulfill his campaign promise. In addition to the popularity of tokens, pressure has once again come to ETH.

FTX's new developments further affect the trend of altcoins
Recently, altcoins have performed poorly, and the proportion of Bitcoin has further increased. FTX has made new developments and announced a preliminary compensation schedule. The first compensation is expected to start on February 25. According to on-chain data, the FTX liquidation address is transferring tokens to the exchange at a frequency of several transactions per day. In the case of poor performance of altcoins, compensation may involve selling coins. Will this situation further affect the trend of altcoins after the new year? The currencies that may be greatly affected by this news include $FTT, $OXY, $MAPS, etc.

Is the US government's shipment the reason for Bitcoin's decline?

Bitcoin in 25 years has ushered in a three-day correction after hitting the $100,000 mark for the second time. Just as the rise needs to find a reason, such a rapid correction seems to need a reason. Soon someone found a reason, saying that the US Department of Justice was allowed to sell $6.5 billion worth of Bitcoin seized from Silk Road. A federal judge ruled on December 30 that the Department of Justice (DOJ) could sell 69,370 BTC seized from the Silk Road dark web market. The power of the news seems to have a great influence, but this 24-year news does not seem to be enough to explain the fluctuations in the past few days in 25 years. First of all, from the current known US holdings data, the United States has not sold Bitcoin. Secondly, even if the US government is eager to clear these Bitcoins before Trump takes office, it needs to seek buyers outside the market. Today's secondary market cannot withstand such a large selling pressure. What do you think is the reason for the recent decline, or do you think the US government will sell this part of Bitcoin?

Mudita tweeted on X that he had invested 1,800 bitcoins but did not get the rights and interests he deserved, and he wanted to defend his rights. Although the project party's information was not directly disclosed in the tweet, it said that he had sent a message to the project party, and if there was no response within a day, he would publish more information about the project and stakeholders. However, it was soon guessed that it was Solv Protocol, and there were many different opinions for a while. Some said that the Solv project party signed a guarantee with the big players for 8-10% "coin standard", and finally in order to be listed on Binance, that part of the tokens were airdropped to Binance, and the part promised to the big players was not executed. In fact, it is no secret that the so-called TVL is purchased from large investors. In addition to some spectators who helped to cheer, there are also rational viewers who analyzed that she might be doing wealth management on behalf of others and signed a guarantee with the customers. Although she pledged mBTC, she did not participate in various boosts in the later stage, which seriously diluted her points. The points in the later stage were too few, resulting in fewer tokens airdropped in the end, and the APY of the pledge was too low, making it difficult to explain to the financial backers later. In the end, she had to resort to public opinion to protect her rights. How do you think this incident will develop next?

The Little Prince of Crypto, Elon Musk, Has Times When He Can't Drive Prices?

This time, the little prince of crypto didn't shout out for Dogecoin, but instead changed his X profile picture to a PEPE-themed avatar and renamed himself Kekius Maximus. Following this news, PEPE began to surge, along with KEKIUS on Ethereum. The meme coin of the same name on the SOL chain also started to perform. It seemed to harken back to the days when Musk was promoting Dogecoin; many KOLs began to rally support, with some suggesting that Musk's change of avatar and name means that his hundreds of millions of followers, as long as he is active, cannot be compared to any other traffic. Under the influence of FOMO sentiment, many believe Musk's new avatar will last at least a week. Everyone understands that buying related concept tokens is a gamble on when he will change his avatar back. Unexpectedly, it only lasted for two days before the avatar was restored. Unsurprisingly, as Musk's X account reverted to its original avatar and nickname, the related concept coins faced a plunge. KEKIUS on Ethereum dropped by 75%, and KEKIUS on the SOL chain fell by 71%. Can Musk's title as the little prince of crypto continue to be maintained?

Binance Lists Solv, Counting the Bitcoin Ecosystem

The Bitcoin ecosystem gained significant attention earlier this year. Some believe that as the leader of the entire cryptocurrency market, Bitcoin's liquidity, once released, will surpass that of any other public chain ecosystem. Others argue that the Bitcoin ecosystem is a false proposition, as Bitcoin's liquidity does not lie in the hands of retail investors; instead, Bitcoin does not need an ecosystem, but rather the Bitcoin ecosystem needs Bitcoin. With Solv's listing on Binance, the debate is likely to intensify. Today, let's discuss the Bitcoin ecosystem, starting with the wallet that serves as the entry point for traffic. The wallet most frequently used by players in the Bitcoin ecosystem, and regarded as the best experience, is OKX Wallet. It can be said that the OK Web3 wallet and the Bitcoin ecosystem mutually enhance each other. Next, the wallet that is also widely used is Unisat, primarily driven by BRC20. Speaking of BRC20, we must mention Ordinals, which has given rise to numerous asset issuance protocols on Bitcoin's first layer. Initially serving as NFTs, it has also evolved into BRC20 as a token issuance standard, along with BRC721, BRC420, ORC20, and others. It is evident that during that period, asset issuance in the Bitcoin ecosystem was flourishing. However, despite the many protocols, there has not been a strong and relatively unified asset issuance standard. Apart from the first layer, there are also many teams working on the second layer of Bitcoin. Some of the older ones include the Lightning Network and the RGB protocol, while new Bitcoin second layer ecosystem teams in 2024 are mainly focused on Rollup and sidechain technology directions. Rollups include Merlin (which, influenced by airdrops, almost reached a TVL of $2 billion) and BitVM, while sidechains include Stacks and Nervos. Do you think the Bitcoin ecosystem is a fictitious demand?

Will American companies use Bitcoin as a reserve asset on a large scale?

On the 15th of this month, FASB (Financial Accounting Standards Board) officially passed the fair value accounting standards for Bitcoin. Before that, companies holding Bitcoin could only measure the Bitcoin assets they held at historical cost, which was simple and crude in accounting treatment. Assuming that a company bought a Bitcoin last year, it could only be included in the company's assets at $30,000. It might be handled like this: Debit: Trading financial assets-cost $30,000 Credit: Other monetary funds-deposited investment funds of $30,000. However, this is obviously wrong. In fact, under the old accounting treatment, Bitcoin is treated as an intangible asset. If its price is lower than the company's purchase price, even if the company has not sold it, it needs to be impaired on the books. If the price rises, the company cannot reflect the income on the books unless it is sold. It can be seen that the old accounting standards took a rather cautious attitude towards Bitcoin risks, while the new accounting standards measure Bitcoin at fair value. Therefore, when the company reaches the balance sheet date, the difference between the fair value and the book value will be accounted for in the fair value change and the fair value change profit and loss. When selling Bitcoin, the actual amount received will be deducted from the book cost of financial assets and the difference in fair value change and included in the investment income. Obviously, the new rules are more reasonable, allowing companies holding Bitcoin to reflect the price fluctuations of Bitcoin in their financial statements. Do you think this institutional change will promote the large-scale adoption of Bitcoin as a reserve asset by American companies?

Talent

Do you think $Vana is the most successful meme of the year in the comedy category?
▰ Twitter Space only had 2 listeners
▰ Approaching TGE, snapshot was taken 3 days ago
▰ Mainnet airdrop, directly claiming real coins
▰ Traffic was too high, manually distributed airdrop
▰ Listed on Binance
Is this really funny? 🌝 It does sound funny

We all laughed, but it seems we are not laughing at the same thing... reasons as shown in the picture

Movement, known as a top-level project, raised 41.4 million yuan and was listed on almost all mainstream exchanges such as Binance, Upbit, Bithumb, Coinbase, OKX, Bingx, Gate, and Bybit on the same day. Despite the Bitcoin pullback and doubts from retail investors, it still opened with a relatively high market value and further rose at the opening.

What exactly is the force that supports it? The total amount of MOVE is 10 billion, with an initial circulation of 22%. You can get airdrops by participating in the test network. There are two options for receiving airdrops. One is to choose to receive MOVE on the Ethereum mainnet, and the other is to receive MOVE after the Movement Network mainnet is launched (the mainnet has not yet been launched). If you choose the latter, there will be a 1.25x reward multiplier, because you can get 25% more coins after the mainnet is launched. Most ordinary coin friends still choose to receive it later, and most studios’ low-income accounts also choose to receive it later because of ETH’s Gas problem. Although airdrops are issued, there are basically no coins in their hands.

In addition to the fact that everyone has few coins, another factor is the Korean market. Upbit and Bithumb, two leading exchanges in Korea, were originally scheduled to launch MOVE at the same time at 8 pm. However, a smaller Korean exchange, Coinone, chose to launch MOVE at the same time, and the opening price was as high as 998,500 won (about 700 US dollars), forcing the two major Korean exchanges to postpone the launch time of MOVE, which pushed up MOVE again to a certain extent. Do you think MOVE can support such a high market value? Is it a king or a doom?

Tuukzs, also known as Arthur Machado, is a Brazilian digital artist who has emerged globally with his captivating abstract and psychedelic-themed works. He enjoys sharing related works on X and frequently interacts with fans on social media. He entered the field of digital art in 2012. His artistic creations encompass a wide range of digital media, including glitch art, AI-generated works, collages, and paintings. His works have been exhibited in over 20 countries around the world, making him quite influential in the digital art scene. This interesting story comes from the token he issued, named SPELL.
In fact, he is not a newcomer to crypto; he had early exposure to the crypto world through NFTs and collaborated with platforms like MakersPlace and SuperRare starting in 2012. In June 2021, he launched his first NFT works. His pieces are known for their strong color contrasts, complex geometric shapes, and surrealistic elements. The issuance of the SPELL token allowed this surrealist artist to experience a slice of surrealism belonging to the crypto world. A KOL named Kola asked him in the comments section of his tweet if he would be willing to issue a token, as the artist already had the idea of issuing a token. Kola supported the artist by sending 0.5 sol. The artist thought this KOL was quite nice at the time but quickly learned a lesson; KOL successfully became a frontrunner after the artist issued the token. In this way, Kola used Tuukzs's influence to earn about $300,000, while the artist was heavily cut in the process. In the crypto world, it seems there is nothing impossible if you dare to think and act; crypto surrealism! $sol

This time #DEXX被盗 someone started to whitewash the audit, and asked how to read the so-called audit report in the future. It is really misleading. There is no need to read any audit report at all. Just remember one thing in the dark forest of encryption, whoever holds the only private key is the only owner of the assets. Don’t you know the audit situation of Web2? Evergrande couldn’t find any problems, so why bother to carefully study the Web3 audit report that the project party spent tens of thousands of U to buy?

Hawa rugged

On October 3, 2024, the game project called Hawa rugged. Previously, the project founder had privately chatted with a kol (oxsun) with more than 100,000 fans to discuss cooperation many times. The project party was very serious in the communication process with the kol, which led to the kol receiving tokens worth 40E in the secondary market. As a result, the team sniped the kol's wallet and smashed the market, causing the kol's investment of 40E to basically return to zero. The game has done a lot of targeted publicity for Dota2 players, and has also attracted many coin friends from other communities to participate. In addition, the founder of this project had hoped that the kol's cooperative recommender would participate in the pre-sale, but in the end, the kol did not agree because he felt that there was a risk in pre-sale. After the project's coin issuance opened, the coin price fell all the way. Just today, the coin price suddenly plummeted, and the market value flashed from 3.6M to 1.6M. During the process, the kol thought it was a normal callback and took another 10E in order to further reduce the holding cost. Unexpectedly, it was smashed again and the market value was only 1M. After checking the wallets that dumped the market, it was confirmed that it was a sniper wallet and that the market was dumped collectively in the same block. It was undoubtedly done by the project party, which was no different from directly withdrawing the pool. Not only that, the project party also claimed in various channels that there was VC investment and that the exchange had been contacted. Figure 1 is the on-chain record of the dump. Figure 2 is a screenshot of the chat between the kol and the project party.