以太爆米花
以太坊终将成为未来世界的神！
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AI—How to Survive in Extreme Cold!
I've been focusing on the Agent track lately, and the more I look, the more I find it interesting yet awkward—now all AI projects are boasting about 'how many Bots I have,' but none dare to say 'how long my Bot has lived,' because they don't last long at all!
To put it bluntly, the current stateless public blockchain is a fundamental flaw; every interaction with AI feels like being reborn, with no memory, no history, let alone building credibility. It's like hiring a nanny who forgets everything every morning; you have to teach her how to open the door and how to use the appliances from scratch every day. Can this be efficient? Not to mention the complexity of the economy that needs to be tackled by 2026, it just can't handle it!
To put it bluntly, the current stateless public blockchain is a fundamental flaw; every interaction with AI feels like being reborn, with no memory, no history, let alone building credibility. It's like hiring a nanny who forgets everything every morning; you have to teach her how to open the door and how to use the appliances from scratch every day. Can this be efficient? Not to mention the complexity of the economy that needs to be tackled by 2026, it just can't handle it!
Free and useless is a fool's game
Every day jumping back and forth between various chains, going wherever the APY is high, and self-declaring as some clever liquidity hunter, only to find out yesterday that I was completely stunned when I did the math—after deducting gas fees, cross-chain wear, and adding in the slow ones who got caught by those shitcoins, I actually ended up not outperforming those lying flat and collecting basic income on @Plasma ! This is really too ironic when you think about it.
We people, all day shouting for decentralization and the free flow of funds, end up being completely integrated into the Plasma ecosystem, it’s unbelievable!
You all carefully consider the game of Plasma; it’s not about technical innovation at all, but purely about manipulating human behavioral psychology! Uniswap, Aave, Pendle, Ethena—what chain doesn’t have these? Why is it that people are addicted to it?
We people, all day shouting for decentralization and the free flow of funds, end up being completely integrated into the Plasma ecosystem, it’s unbelievable!
You all carefully consider the game of Plasma; it’s not about technical innovation at all, but purely about manipulating human behavioral psychology! Uniswap, Aave, Pendle, Ethena—what chain doesn’t have these? Why is it that people are addicted to it?
Vanar has just issued an invitation for the AI track's battle royale, and seeing the phrase "The rest won’t make it" sent chills down my spine!
This isn’t a collaboration announcement at all; it’s purely a death sentence for the current on-chain AI!
The current on-chain AI is truly miserable, no different from refugees running naked in a lawless wasteland, lacking memory and support, and while it may seem lively, it really can't survive long.
But what Vanar and OpenClaw are doing is different; they are not just working on a project; they are directly building a shelter in this wasteland!
Only by connecting to their Memory Layer's Agent can one have lasting memory and thus earn a ticket to survive! That’s the real survival ticket!
As for the others, they will ultimately end up like players who failed to clear the level, directly wiped out by the market!
To put it bluntly, the on-chain AI of 2026 is not a game; it’s a life-and-death battle! If you don’t want to be cleared out, evolve quickly, and stop clinging to those one-time-use trinkets; hurry up and see who has the real deal!
#vanar $VANRY @Vanarchain
This isn’t a collaboration announcement at all; it’s purely a death sentence for the current on-chain AI!
The current on-chain AI is truly miserable, no different from refugees running naked in a lawless wasteland, lacking memory and support, and while it may seem lively, it really can't survive long.
But what Vanar and OpenClaw are doing is different; they are not just working on a project; they are directly building a shelter in this wasteland!
Only by connecting to their Memory Layer's Agent can one have lasting memory and thus earn a ticket to survive! That’s the real survival ticket!
As for the others, they will ultimately end up like players who failed to clear the level, directly wiped out by the market!
To put it bluntly, the on-chain AI of 2026 is not a game; it’s a life-and-death battle! If you don’t want to be cleared out, evolve quickly, and stop clinging to those one-time-use trinkets; hurry up and see who has the real deal!
#vanar $VANRY @Vanarchain
The USDT liquidation terminator is here! With a market cap of 380 million, can XPL replicate SOL's hundredfold increase by riding the Tether wave?
The crypto world has really gone crazy lately! On one hand, BTC has broken through the 60,000 mark, driving mainstream coins to collectively rebound, while on the other hand, the BSC Chinese Meme coin celebration has seen related tokens soar by 800% with just a phrase from He Yi: “I’m here!” Meanwhile, the Plasma public chain, which quietly focuses on serious business, has become the invisible champion in the stablecoin track — after all, it is the ultimate settlement layer for USDT created by Tether itself. Currently, XPL is just $0.21, with a market cap of only 386 million. Isn’t this an underestimated treasure?
As an old investor who experienced the USDT liquidation crisis in 2024, I still remember the dire situation: the congestion of the Ethereum network caused Gas fees to soar, and users holding ETH to pay fees had to bear additional volatility risks, ultimately triggering large-scale forced liquidations. The emergence of Plasma is simply tailor-made to solve this pain point! Unlike other public chains that only do surface optimization, Plasma's underlying Reth client, written in Rust, achieves full EVM compatibility. Its original PlasmaBFT consensus algorithm pushes transaction confirmation times to the extreme. The most amazing part is its zero-fee USDT transfer function — users only need to hold USDT, and the platform pays the Gas fees through the Paymaster feature, completely eliminating the risk of liquidation caused by holding volatile tokens like ETH/TRX. This move is even more essential than SOL's low-latency advantage!
As an old investor who experienced the USDT liquidation crisis in 2024, I still remember the dire situation: the congestion of the Ethereum network caused Gas fees to soar, and users holding ETH to pay fees had to bear additional volatility risks, ultimately triggering large-scale forced liquidations. The emergence of Plasma is simply tailor-made to solve this pain point! Unlike other public chains that only do surface optimization, Plasma's underlying Reth client, written in Rust, achieves full EVM compatibility. Its original PlasmaBFT consensus algorithm pushes transaction confirmation times to the extreme. The most amazing part is its zero-fee USDT transfer function — users only need to hold USDT, and the platform pays the Gas fees through the Paymaster feature, completely eliminating the risk of liquidation caused by holding volatile tokens like ETH/TRX. This move is even more essential than SOL's low-latency advantage!
The rise of the dark horse public chain! Can VANRY replicate the hundredfold myth of SOL?
Recently, the crypto circle has been heated up by AI concepts and the rebound of mainstream coins. BTC has stabilized above 60,000, and ETH has returned to above 2,000 USD, while a low-key AI native public chain has quietly completed a key layout - it is Vanar Chain, the L1 blockchain focused on 'making it easy for 3 billion people to enter Web3'.
As a seasoned crypto veteran with three years of experience, I have seen too many hype-driven projects, but the progress of Vanar Chain has impressed me. Unlike those 'pseudo-innovations' that merely add AI interfaces to existing architectures, Vanar adopts an AI-first design from the ground up, with a five-layer architecture directly supporting AI workloads. The myNeutron decentralized memory layer can store unstructured data, and the AI engine on the Kayon chain can automatically complete compliance checks. Even the oracles that ETH relies on, it can manage to close the loop on its own! This hard power reminds me of early SOL - also a modular architecture, also focused on ecological landing. Currently, SOL's market value remains in the top five, while the price of Vanar is only 0.0066 USD, with a market value of less than 15 million. Isn't this gap an opportunity?
As a seasoned crypto veteran with three years of experience, I have seen too many hype-driven projects, but the progress of Vanar Chain has impressed me. Unlike those 'pseudo-innovations' that merely add AI interfaces to existing architectures, Vanar adopts an AI-first design from the ground up, with a five-layer architecture directly supporting AI workloads. The myNeutron decentralized memory layer can store unstructured data, and the AI engine on the Kayon chain can automatically complete compliance checks. Even the oracles that ETH relies on, it can manage to close the loop on its own! This hard power reminds me of early SOL - also a modular architecture, also focused on ecological landing. Currently, SOL's market value remains in the top five, while the price of Vanar is only 0.0066 USD, with a market value of less than 15 million. Isn't this gap an opportunity?
Brothers, hurry up! You might win a big prize!
Binance has released a new roulette, and the entrance is quite hidden. I don't know if you all have discovered it.
I got up early and took a turn; 0.1U is still something. Maybe one day I'll hit the jackpot!
You can unlock the lottery qualification by accumulating a spot trading volume of 500U. It's worth a shot to see if you can recover some losses!
For those looking to increase volume, I suggest prioritizing the $SENT spot activity; task one is super cost-effective with fish and chips. The event won't last long, so don't miss out; or you can also participate in the creator's activity, which has generous rewards for @Plasma , and the trading volume is just right to hit 500 back and forth. You can also win a lottery!
I need to increase my trading volume to $XPL daily, just in time to lead the lottery, slowly recovering losses, and securely taking advantage of the situation.
#plasma $XPL @Plasma
Binance has released a new roulette, and the entrance is quite hidden. I don't know if you all have discovered it.
I got up early and took a turn; 0.1U is still something. Maybe one day I'll hit the jackpot!
You can unlock the lottery qualification by accumulating a spot trading volume of 500U. It's worth a shot to see if you can recover some losses!
For those looking to increase volume, I suggest prioritizing the $SENT spot activity; task one is super cost-effective with fish and chips. The event won't last long, so don't miss out; or you can also participate in the creator's activity, which has generous rewards for @Plasma , and the trading volume is just right to hit 500 back and forth. You can also win a lottery!
I need to increase my trading volume to $XPL daily, just in time to lead the lottery, slowly recovering losses, and securely taking advantage of the situation.
#plasma $XPL @Plasma
I don't know if you guys have noticed, a new lottery event has been launched.
The first wave of benefits in the early morning must be taken! Let's start the lottery; 0.1U is still money, don't miss the free recovery opportunity!
Trade contracts/spot trading volume reaching 500U can qualify for the lottery, make sure to participate in the event and brush it, you'll get some trading wear back.
Brushing tips: prioritize spot trading at $SENT , the event will end in a few days, it's a win-win situation; if you also participate in the creator event, you can brush $VANRY , and the benefits will be doubled!
I usually brush @Vanarchain trading volume, and also claim the lottery, slowly recovering from wear, if you brothers find this useful, remember to give a follow!～
#vanar $VANRY @Vanarchain
The first wave of benefits in the early morning must be taken! Let's start the lottery; 0.1U is still money, don't miss the free recovery opportunity!
Trade contracts/spot trading volume reaching 500U can qualify for the lottery, make sure to participate in the event and brush it, you'll get some trading wear back.
Brushing tips: prioritize spot trading at $SENT , the event will end in a few days, it's a win-win situation; if you also participate in the creator event, you can brush $VANRY , and the benefits will be doubled!
I usually brush @Vanarchain trading volume, and also claim the lottery, slowly recovering from wear, if you brothers find this useful, remember to give a follow!～
#vanar $VANRY @Vanarchain
E Guardian, assemble
We are brave soldiers $ETH
We are brave soldiers $ETH
ETH
Holding
Cumulative PNL
+820.08 USDT
The Federal Reserve has changed, what should we do!
Recently, hasn’t a lot of people been like me, just a couple of days ago I was wondering: how long is this guy Powell going to keep messing with us?
Recently, I've come across a big piece of news: Trump is going to nominate Kevin Warsh as the next Federal Reserve Chairman! As soon as I saw it, I knew this was not just a simple change of personnel; the entire market's rules of the game might change! Many people are just focusing on his 'support for Bitcoin' label, and they have started shouting that BTC will surge to 200,000 dollars. However, the market immediately threw a bucket of cold water on that: if you only see this bit of 'good news', in the upcoming policy adjustments, you're likely to be cut like leeks!
Recently, I've come across a big piece of news: Trump is going to nominate Kevin Warsh as the next Federal Reserve Chairman! As soon as I saw it, I knew this was not just a simple change of personnel; the entire market's rules of the game might change! Many people are just focusing on his 'support for Bitcoin' label, and they have started shouting that BTC will surge to 200,000 dollars. However, the market immediately threw a bucket of cold water on that: if you only see this bit of 'good news', in the upcoming policy adjustments, you're likely to be cut like leeks!
Why do you work like a 'mentally challenged' person?
Yesterday, I was assembling an IKEA wardrobe at home, and the experience was just terrible!
The cabinet materials are very thick, and the instructions are clearly drawn, but in the end, I was missing a small screw for the fixed back panel. Just this few cents item turned a several hundred dollar cabinet into a 'dangerous building,' completely unusable. I was so angry that I threw the screwdriver and wanted to curse 😂
This matter increasingly resembles the current AI circle:
Marc, these big shots like a16z talk every day about how amazing AI is, saving populations, agent collaboration; it all sounds like high-end concepts, just like a pre-assembled wardrobe. But the real 'core components' that make AI run and work steadily for the long term are never mentioned!
The cabinet materials are very thick, and the instructions are clearly drawn, but in the end, I was missing a small screw for the fixed back panel. Just this few cents item turned a several hundred dollar cabinet into a 'dangerous building,' completely unusable. I was so angry that I threw the screwdriver and wanted to curse 😂
This matter increasingly resembles the current AI circle:
Marc, these big shots like a16z talk every day about how amazing AI is, saving populations, agent collaboration; it all sounds like high-end concepts, just like a pre-assembled wardrobe. But the real 'core components' that make AI run and work steadily for the long term are never mentioned!
Blood Loss Warning! Don't rush into the Plasma essay blindly! The more popular the square becomes, the more cautious you need to be; be wary of working hard only to end up with nothing!
The leaderboard shows two snapshots, looking beautiful but actually full of tricks. Is it really distributed in two rounds or just a scheme to fool retail investors? No one has made it clear!
The most ridiculous part is the XPL reward calculation formula that locks retail investors out: 【(Your points ÷ Total points of the top 500) × 875000 XPL】= Final reward!
Top influencers can easily write a couple of AI articles and boost their scores by several points, while the gap in points at the top crushes the bottom retail investors, who have pitifully low scores. This gap is impossible to bridge!
If you write seriously and provide valuable content, your post gets no popularity, no traffic, and your score is very low; meanwhile, those top influencers flood the platform with AI-generated content and score miles ahead of you. Where's the fairness in that? And those who like and comment on each other’s posts, do they also get high scores? @币安广场 @Plasma
Calculate it clearly! Consider your time costs and transaction costs, deduct all kinds of hidden expenses; how much XPL can you actually get in the end? Don't let the hype cloud your judgment! My ranking drops by dozens every day!
Retail investors, think carefully before rushing in to be the leeks! The mechanism is opaque + top influencers dominate the rankings; blindly rushing to submit essays will only get you cut! #plasma $XPL @Plasma
The leaderboard shows two snapshots, looking beautiful but actually full of tricks. Is it really distributed in two rounds or just a scheme to fool retail investors? No one has made it clear!
The most ridiculous part is the XPL reward calculation formula that locks retail investors out: 【(Your points ÷ Total points of the top 500) × 875000 XPL】= Final reward!
Top influencers can easily write a couple of AI articles and boost their scores by several points, while the gap in points at the top crushes the bottom retail investors, who have pitifully low scores. This gap is impossible to bridge!
If you write seriously and provide valuable content, your post gets no popularity, no traffic, and your score is very low; meanwhile, those top influencers flood the platform with AI-generated content and score miles ahead of you. Where's the fairness in that? And those who like and comment on each other’s posts, do they also get high scores? @币安广场 @Plasma
Calculate it clearly! Consider your time costs and transaction costs, deduct all kinds of hidden expenses; how much XPL can you actually get in the end? Don't let the hype cloud your judgment! My ranking drops by dozens every day!
Retail investors, think carefully before rushing in to be the leeks! The mechanism is opaque + top influencers dominate the rankings; blindly rushing to submit essays will only get you cut! #plasma $XPL @Plasma
Winning means securely getting 400U! No threshold for tasks; I personally earned over 5000 RMB in the first few issues, the Vanar essay competition is worth diving into! The reasoning is super simple, the Vanarchain essay prize pool has reached over 70,000 U, and as the coin price rises, the rewards will increase as well. Divided by the number of participants, each person gets an average of 350U, which is equivalent to the hard work of earning for three months of alpha! Don't foolishly bear the risk of being squeezed while brushing trades; those who casually write articles earn more VANRY rewards than you make staying up late watching the market. The cost-performance ratio is off the charts! The key point is that tasks for creators like Vanar are still in the absolute early stage; the circle hasn't heated up yet, making it easy to earn rewards while also gaining insights into blockchain knowledge through writing—it's a win-win learning experience! What's more reliable is that the project team at @Vanarchain is very pragmatic, having heavily blocked over 11 million robots during the testnet phase to completely eliminate cheating; they only recognize genuine user growth, and the fair bonus period for retail players has arrived! #Vanar doesn't engage in gimmicky technical hype, doesn't pursue blind speed, but focuses on providing users with an ultimate experience, ensuring everyone can use it seamlessly without lag, where the details show true sincerity! The native Gas token of Vanar Chain, $VANRY , is currently still hovering at a low level, making it a great opportunity to accumulate chips at a low price, betting on the future potential of the project team. Now is the time to jump in and make a guaranteed profit! Take advantage of this moment and rush in before it heats up; missing out will really make you regret it! @Vanarchain #vanar $VANRY
$ZAMA has finally been announced, tomorrow night at 8 PM. Thankfully it's not today, hopefully tomorrow will pick up a bit. Have you all done your hedging?
Additionally, the mouth-pulling task platform recently has a @Vanarchain , it is for an entertainment public chain. If you're interested in breaking into the rankings, you can do some research, but there are only 100 spots available. I don't recommend participating without a fan base, as you can't compete with those KOLs. Just aim for a basic guarantee to get a chicken leg 🍗 that's enough #vanar $VANRY
Additionally, the mouth-pulling task platform recently has a @Vanarchain , it is for an entertainment public chain. If you're interested in breaking into the rankings, you can do some research, but there are only 100 spots available. I don't recommend participating without a fan base, as you can't compete with those KOLs. Just aim for a basic guarantee to get a chicken leg 🍗 that's enough #vanar $VANRY
Bitcoin plummets to $75,000 in the early morning! Whales liquidated, government shutdown, who should we keep an eye on for this buying opportunity?
In the early morning of February 1, cryptocurrency investors' phone screens collectively turned 'green'—suddenly a large bearish candle smashed through $75,000, directly causing the whales holding positions based on insider information to be 'liquidated' completely. What's even more heart-wrenching is that this price has already touched the cost line of the giant Strategy, which holds 710,000 bitcoins. Previously, tens of billions of dollars in profit evaporated overnight, and nearly a year later, we once again see bitcoin at the '70,000s,' just a step away from the peak of the bull market in 2021 at $69,000.
The market is in a panic, and everyone is asking, 'Why is it falling?' 'How long will it keep falling?' Scouring the news, negative factors are almost piling up: videos of explosions are coming out from multiple locations in Iran, and the U.S. and Israel have not yet made a statement. Military exercises are still ongoing in sensitive areas, and the uncertainty of geopolitical conflicts has made risk assets panic first; on the other hand, the U.S. government has 'shut down,' locking up hundreds of billions in liquidity, just in time for the weekend when the market lacks vitality, which is simply 'adding insult to injury.' What's even more worrying is that after the epic plunge of gold and silver, there are rumors that banks in the U.S. are starting to collapse, and the market trend on Monday, February 2, is under global scrutiny.
The market is in a panic, and everyone is asking, 'Why is it falling?' 'How long will it keep falling?' Scouring the news, negative factors are almost piling up: videos of explosions are coming out from multiple locations in Iran, and the U.S. and Israel have not yet made a statement. Military exercises are still ongoing in sensitive areas, and the uncertainty of geopolitical conflicts has made risk assets panic first; on the other hand, the U.S. government has 'shut down,' locking up hundreds of billions in liquidity, just in time for the weekend when the market lacks vitality, which is simply 'adding insult to injury.' What's even more worrying is that after the epic plunge of gold and silver, there are rumors that banks in the U.S. are starting to collapse, and the market trend on Monday, February 2, is under global scrutiny.
Simple yet not simplistic $VANRY
In an industry where everyone competes to be the focal point of attention and uses exclamation marks to capture it, Vanar insists on being the steady period.
Reviewing the recent dynamics of Vanarchain, it becomes clear that it is conducting a high-level psychological game—rather than chasing topics, it waits to conclude them. While the entire industry is embroiled in endless debates about AI out of control and busy embellishing the myth of technology, it throws out a resounding assertion: 'Reliability comes from knowing when NOT to use agents.'
This move is too shrewd. It does not engage in emotional debates, but directly seizes the absolute high ground of 'rationality', sending a clear signal to the market: I have never been a blind admirer of AI, but a pragmatic person here to fill gaps in technology and the industry.
Reviewing the recent dynamics of Vanarchain, it becomes clear that it is conducting a high-level psychological game—rather than chasing topics, it waits to conclude them. While the entire industry is embroiled in endless debates about AI out of control and busy embellishing the myth of technology, it throws out a resounding assertion: 'Reliability comes from knowing when NOT to use agents.'
This move is too shrewd. It does not engage in emotional debates, but directly seizes the absolute high ground of 'rationality', sending a clear signal to the market: I have never been a blind admirer of AI, but a pragmatic person here to fill gaps in technology and the industry.
It's tough, brothers. Although I have plenty of cash and no risk of liquidation, it's still quite painful. It seems Bitcoin is going to touch 69,000, and let's not even talk about altcoins.
This market is best suited for grabbing some profits. The collaboration activity by XPL and Binance is quite friendly for beginners. I saw on the Chinese chart that someone jumped over 400 spots in one day, so there's no need to worry about being late. There are still more than ten days left for the activity, so it's still a good time to get in. Spending just 10 minutes a day to understand the tasks easily, there's a chance to earn up to 400 U in rewards. Brothers, let's go!
#plasma $XPL @Plasma
This market is best suited for grabbing some profits. The collaboration activity by XPL and Binance is quite friendly for beginners. I saw on the Chinese chart that someone jumped over 400 spots in one day, so there's no need to worry about being late. There are still more than ten days left for the activity, so it's still a good time to get in. Spending just 10 minutes a day to understand the tasks easily, there's a chance to earn up to 400 U in rewards. Brothers, let's go!
#plasma $XPL @Plasma
The whole internet is talking about gold and silver? Yet I am flipping through this severely neglected 'enterprise-level public chain'
In the past few days, the market has been dominated by gold and silver, but after closing the candlestick chart and scrolling through on-chain data for a long time, I discovered an interesting phenomenon: there are large addresses continuously buying $VANRY and they are all long-term holdings of over three months. This immediately raised my alert—money doesn't lie; it must have seen something we haven't noticed.
So I dug through Vanar Chain's data for another two whole days, and today I must speak some hard truths:
1. Why might Vanar be more worth paying attention to?
First, let me make it clear: I still have a long-term positive outlook on gold; it's just that recently gold and silver have created a feeling of being inflated like altcoins. There are currently many AI projects whose market values have skyrocketed to several billion dollars, yet they don't even have a decent product... So what is Vanar Chain doing? It is helping companies of the caliber of Nike and Starbucks to comply with blockchain regulations.
So I dug through Vanar Chain's data for another two whole days, and today I must speak some hard truths:
1. Why might Vanar be more worth paying attention to?
First, let me make it clear: I still have a long-term positive outlook on gold; it's just that recently gold and silver have created a feeling of being inflated like altcoins. There are currently many AI projects whose market values have skyrocketed to several billion dollars, yet they don't even have a decent product... So what is Vanar Chain doing? It is helping companies of the caliber of Nike and Starbucks to comply with blockchain regulations.
A couple of days ago, we just completed a $ZAMA Prime Sale Tge, and now there's another $MEGA before the market opens! The market value is over a billion USD, and the clear benefit is the Pre-TGE rewards, which are said to be on February 9th. Brothers, remember to plan your scores well; who dares to short directly at this position?
Currently, the mainstream coins are all barely alive, interest rate cuts are unsuccessful, and the newly nominated Fed chairman wants to reduce the balance sheet, isn't this going to drain the crypto space?
Now, besides grabbing airdrops, brothers can also go to the creation platform to complete tasks. The Chinese language @Vanarchain leaderboard has over 1000 participants, and the top 100 will share $VANRY . If you didn't make it into the top 100, you can still complete the tasks in a few minutes and get a share of the pork rice. This is the darkest moment in the crypto world; brothers, hold on, the dawn is just ahead! #vanar
Currently, the mainstream coins are all barely alive, interest rate cuts are unsuccessful, and the newly nominated Fed chairman wants to reduce the balance sheet, isn't this going to drain the crypto space?
Now, besides grabbing airdrops, brothers can also go to the creation platform to complete tasks. The Chinese language @Vanarchain leaderboard has over 1000 participants, and the top 100 will share $VANRY . If you didn't make it into the top 100, you can still complete the tasks in a few minutes and get a share of the pork rice. This is the darkest moment in the crypto world; brothers, hold on, the dawn is just ahead! #vanar
Shocking! The Federal Reserve has undergone a major shift.
Just now, Huang Mao announced the new Federal Reserve Chairman. Focusing on three core questions: "Who is the new chairman? How will the policies change? How will the cryptocurrency market react?", I will use relatable analogies to explain the impact.
First, we need to understand: Who is the new chairman?
The Federal Reserve is about to change its "head," with the newly nominated chairman being Kevin Warsh. This man has two key characteristics that will directly determine the fate of the cryptocurrency world:
First, he is "frugal"—particularly opposed to reckless spending and printing of money. Previously, the Federal Reserve printed large amounts of dollars and injected them into the market to rescue the economy (called "quantitative easing"). With nowhere else to go, much of this money flowed into the cryptocurrency market, driving up the prices of Bitcoin and Ethereum. But Warsh believes this is "reckless monetary easing" and that after taking office, he might quickly "drain" the money (called "balance sheet reduction"), taking back the money that had been previously injected.
First, we need to understand: Who is the new chairman?
The Federal Reserve is about to change its "head," with the newly nominated chairman being Kevin Warsh. This man has two key characteristics that will directly determine the fate of the cryptocurrency world:
First, he is "frugal"—particularly opposed to reckless spending and printing of money. Previously, the Federal Reserve printed large amounts of dollars and injected them into the market to rescue the economy (called "quantitative easing"). With nowhere else to go, much of this money flowed into the cryptocurrency market, driving up the prices of Bitcoin and Ethereum. But Warsh believes this is "reckless monetary easing" and that after taking office, he might quickly "drain" the money (called "balance sheet reduction"), taking back the money that had been previously injected.
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