韭幣爸
幣圈一天人間十年
價格不變，倉位不見
Open Trade
High-Frequency Trader
4.2 Years
6 Following
79 Followers
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3 Shared
Posts
Portfolio
Visa Stablecoin Settlement on Ethereum
Many people overlooked the signal in early 2026 that could change the industry's trajectory: Visa officially incorporates Ethereum into its core settlement framework.
It's not a trial; it's a real transformation on Ethereum, representing a 'structural shift' in global financial infrastructure.
Why Ethereum?
In Visa's strategic map, while Solana supports low-latency scenarios, Ethereum is positioned as the 'anchor layer' for high-value transactions. This means that on the institutional trust scale, $ETH is an irreplaceable underlying protocol.
It's not a trial; it's a real transformation on Ethereum, representing a 'structural shift' in global financial infrastructure.
Why Ethereum?
In Visa's strategic map, while Solana supports low-latency scenarios, Ethereum is positioned as the 'anchor layer' for high-value transactions. This means that on the institutional trust scale, $ETH is an irreplaceable underlying protocol.
😱 Wall Street's 'regular army' has officially entered the market! Binance partners with Franklin Templeton
Stop looking at technical indicators; the real 'nuclear-level' transformation just detonated today!
On February 11, 2026, Binance and asset management giant Franklin Templeton dropped a bombshell: the 'institutional-grade OTC collateral program' has officially launched!
This is not an ordinary collaboration; this is a violent restructuring of the underlying logic of the crypto market.
🔥 Why should you feel afraid? Because the 'rules of the game' have changed!
In the past, institutions had to worry about exchanges collapsing and funds being misappropriated; now, Binance has directly brought Wall Street's underlying structure onto the chain.
On February 11, 2026, Binance and asset management giant Franklin Templeton dropped a bombshell: the 'institutional-grade OTC collateral program' has officially launched!
This is not an ordinary collaboration; this is a violent restructuring of the underlying logic of the crypto market.
🔥 Why should you feel afraid? Because the 'rules of the game' have changed!
In the past, institutions had to worry about exchanges collapsing and funds being misappropriated; now, Binance has directly brought Wall Street's underlying structure onto the chain.
🚨 January Non-Farm Payroll Epic "False Prosperity" Explosion! Data Falsification?
The whole internet is stunned! Predicted 66,000, but the actual result was 130,000? 🤯
Don't be fooled by the surface-level "resilience"! This 96% prediction deviation is not due to a strong economy, but rather the final trap for the bulls!
🔥 Why is this the real "big explosion"?
Data is severely distorted: Such an outrageous deviation indicates that the underlying logic has already collapsed. This kind of "strength" is an unsustainable false prosperity!
Violent harvesting is about to begin: Institutions are using this wave of data to wash away leverage, and the upcoming "reversal" will be more intense than ever!
Interest rate cuts are a done deal: A persistently high economy will surely lead to disaster, and the Federal Reserve has been cornered. A rate cut in March is not an option, but a lifeline!
⚠️ Extreme Warning:
The current market is "the stronger, the more dangerous"! Smart money has already reversed to short/situate for the long term the moment the data was announced!
$BTC
The whole internet is stunned! Predicted 66,000, but the actual result was 130,000? 🤯
Don't be fooled by the surface-level "resilience"! This 96% prediction deviation is not due to a strong economy, but rather the final trap for the bulls!
🔥 Why is this the real "big explosion"?
Data is severely distorted: Such an outrageous deviation indicates that the underlying logic has already collapsed. This kind of "strength" is an unsustainable false prosperity!
Violent harvesting is about to begin: Institutions are using this wave of data to wash away leverage, and the upcoming "reversal" will be more intense than ever!
Interest rate cuts are a done deal: A persistently high economy will surely lead to disaster, and the Federal Reserve has been cornered. A rate cut in March is not an option, but a lifeline!
⚠️ Extreme Warning:
The current market is "the stronger, the more dangerous"! Smart money has already reversed to short/situate for the long term the moment the data was announced!
$BTC
MSTR 2140
Between February 2 and February 8, MSTR purchased 1,142 bitcoins at an average price of $78,815 each.
From the perspective of short-term traders, this is taking the market with an average premium of about 5%, which does not look like 'smart money' representing institutions at all.
But this reveals the fundamental difference: MSTR has never been a trader.
For MSTR, Bitcoin is not a market trend, but a century-scale asset experiment. They are not betting on the price volatility after the next halving, but on a more extreme time endpoint—whether this system still holds when the Bitcoin block reward goes to zero and only transaction fees keep the network running.
From the perspective of short-term traders, this is taking the market with an average premium of about 5%, which does not look like 'smart money' representing institutions at all.
But this reveals the fundamental difference: MSTR has never been a trader.
For MSTR, Bitcoin is not a market trend, but a century-scale asset experiment. They are not betting on the price volatility after the next halving, but on a more extreme time endpoint—whether this system still holds when the Bitcoin block reward goes to zero and only transaction fees keep the network running.
Stablecoins: The clearest main line in the cryptocurrency industry
Stablecoins, the main battlefield of the cryptocurrency industry
In the recent backdrop of repeated fluctuations in the cryptocurrency market and rapid capital rotation, stablecoins are gradually becoming one of the most practically demanded and feasible tracks in the entire industry.
This momentum does not come from price performance, but from the way it is used.
The long-discussed triangular dilemma of encryption technology—efficiency, decentralization, and secure settlement—has always been difficult to balance in most assets; however, with stablecoins, these three conditions are simultaneously met for the first time, and it's not theoretical, but being widely utilized.
In the recent backdrop of repeated fluctuations in the cryptocurrency market and rapid capital rotation, stablecoins are gradually becoming one of the most practically demanded and feasible tracks in the entire industry.
This momentum does not come from price performance, but from the way it is used.
The long-discussed triangular dilemma of encryption technology—efficiency, decentralization, and secure settlement—has always been difficult to balance in most assets; however, with stablecoins, these three conditions are simultaneously met for the first time, and it's not theoretical, but being widely utilized.
$BTC This week's Tianhu opening!
Waking up, the small CME futures gap has jumped up and has been successfully filled.
After the CME futures gap jumped up and quickly filled, it indicates that the spot buying pressure is not weak, and it is not simply a case of a high pull followed by a stall; quickly filling the gap actually helps to relieve market psychological pressure.
If on Monday it does not first pull back and directly completes the filling, it often means that the main trend for this week is bullish, at least the short-term rhythm is still in the hands of the bulls.
The key observations moving forward:
- Whether it can stabilize above the gap after filling
- Whether a bullish structure is formed in the 4H / daily line without filling
- Whether the trading volume keeps up, rather than just a single spike
If the structure continues, the target has a chance to look up to fill last week's range or gap, 84,000.
Waking up, the small CME futures gap has jumped up and has been successfully filled.
After the CME futures gap jumped up and quickly filled, it indicates that the spot buying pressure is not weak, and it is not simply a case of a high pull followed by a stall; quickly filling the gap actually helps to relieve market psychological pressure.
If on Monday it does not first pull back and directly completes the filling, it often means that the main trend for this week is bullish, at least the short-term rhythm is still in the hands of the bulls.
The key observations moving forward:
- Whether it can stabilize above the gap after filling
- Whether a bullish structure is formed in the 4H / daily line without filling
- Whether the trading volume keeps up, rather than just a single spike
If the structure continues, the target has a chance to look up to fill last week's range or gap, 84,000.
Is the 'Aftershock' More Fearsome than the Main Shock? ETH Sets 5-Minute Maximum Amplitude Record
Illusion and Reality
Mainstream media reported on the major crash on 2/6, considering it the most dangerous moment in recent times. Indeed, that day was a 'trend-based' destruction. But for traders with high leverage contracts, the real reaper was actually hiding in the early hours of 2/8.
You can refer to the 5-minute K-line chart of $ETH for comparison and discover an astonishing fact: today's 'aftershock', in terms of instantaneous destructive power, is even more terrifying than the 'main shock'.
2. Ironclad: Data does not lie
Figure 1: 2/6 Main Shock Moment (Waterfall Decline)
Looking back at the crashes of those days, although the drop was astonishing, when broken down to 5-minute K-lines, the amplitude of a single K-line mostly fell between 2% - 3% (as shown in the figure, 3.28%).
Mainstream media reported on the major crash on 2/6, considering it the most dangerous moment in recent times. Indeed, that day was a 'trend-based' destruction. But for traders with high leverage contracts, the real reaper was actually hiding in the early hours of 2/8.
You can refer to the 5-minute K-line chart of $ETH for comparison and discover an astonishing fact: today's 'aftershock', in terms of instantaneous destructive power, is even more terrifying than the 'main shock'.
2. Ironclad: Data does not lie
Figure 1: 2/6 Main Shock Moment (Waterfall Decline)
Looking back at the crashes of those days, although the drop was astonishing, when broken down to 5-minute K-lines, the amplitude of a single K-line mostly fell between 2% - 3% (as shown in the figure, 3.28%).
🔞 Weekend Special: 0.01mm Ultra-Thin Experience of $ETH
The current liquidity of $ETH is as thin as 001.
This kind of "ultra-thin" sensitivity is the most stimulating.
Want to take advantage of this opportunity now?
Remember to manage your positions and "hedge" properly.
Going in the right direction without a condom is definitely enjoyable.
If you go in the right direction, 1% doubles your investment, 2% gives you 200%
#ETH #Liquidity #UltraThin #Hedge #RiskManagement
The current liquidity of $ETH is as thin as 001.
This kind of "ultra-thin" sensitivity is the most stimulating.
Want to take advantage of this opportunity now?
Remember to manage your positions and "hedge" properly.
Going in the right direction without a condom is definitely enjoyable.
If you go in the right direction, 1% doubles your investment, 2% gives you 200%
#ETH #Liquidity #UltraThin #Hedge #RiskManagement
ETHUSD CM
Perp
100X
Opening Long
Unrealized PNL
+522.00%
Silent Liquidation
History always repeats itself, but this time it's different.
In 2020, on 0312: the pandemic was out of control, the stock market crashed, Bitcoin was halved in a single day, and the entire market saw approximately 1.2 billion dollars in liquidations. Everyone knew what they were facing.
In 2022, FTX: the second-largest exchange in the world instantly went to zero, the trust system collapsed, chain liquidations spread, and the entire market saw approximately 1.5 billion dollars in liquidations. It was a death spiral of disappointment for the crypto world.
On February 6, 2026, it is completely not this kind of script.
No pandemic, no exchange collapses, no surprise interest rate hikes, and not even any macroeconomic negatives significant enough to make headlines.
In 2020, on 0312: the pandemic was out of control, the stock market crashed, Bitcoin was halved in a single day, and the entire market saw approximately 1.2 billion dollars in liquidations. Everyone knew what they were facing.
In 2022, FTX: the second-largest exchange in the world instantly went to zero, the trust system collapsed, chain liquidations spread, and the entire market saw approximately 1.5 billion dollars in liquidations. It was a death spiral of disappointment for the crypto world.
On February 6, 2026, it is completely not this kind of script.
No pandemic, no exchange collapses, no surprise interest rate hikes, and not even any macroeconomic negatives significant enough to make headlines.
Breaking Signal: Grayscale officially increases BNB holdings and sells ADA!
Grayscale completed a key quarterly portfolio adjustment in February, sending a strong market signal! 🔥
According to the latest SEC filings and market announcements, Grayscale's flagship fund GDLC (Grayscale Digital Large Cap Fund) made significant adjustments during the rebalancing in early February 2026:
❌ Removed: Cardano ($ADA )
✅ Added: Binance Coin ($BNB )
Why is this important?
This is not just a simple buy and sell; it represents 'institutional consensus'.
Institutional passive buying has entered: GDLC is a compliant institutional investment tool in the U.S. stock market. The inclusion of BNB by Grayscale means that all traditional institutional investors purchasing this fund now indirectly hold BNB. This is an important step for BNB to gain recognition from Wall Street funds.
Significant weight: After the adjustment, BNB directly became one of the main assets in the fund, second only to BTC and ETH (with a weight of up to 5%), demonstrating a high level of confidence in BNB's market depth and liquidity.
Fundamentals dominate: This portfolio adjustment is based on the standards of CoinDesk Indices. BNB successfully met the market capitalization, liquidity, and custody standards, while ADA was excluded, further confirming BNB's status as a 'blue-chip' cryptocurrency.
💡 Potential follow-up effects
Don't forget, Grayscale also just submitted an application for a BNB Spot ETF at the end of January. Combined with this
portfolio adjustment of GDLC, it is clear that Grayscale is fully laying out the BNB ecosystem.
When institutions start to abandon the decentralized old coin ADA and bet their chips on BNB, what should we, as retail investors, do?
The wind has changed, and smart money is flowing toward BNB. 🚀
Grayscale completed a key quarterly portfolio adjustment in February, sending a strong market signal! 🔥
According to the latest SEC filings and market announcements, Grayscale's flagship fund GDLC (Grayscale Digital Large Cap Fund) made significant adjustments during the rebalancing in early February 2026:
❌ Removed: Cardano ($ADA )
✅ Added: Binance Coin ($BNB )
Why is this important?
This is not just a simple buy and sell; it represents 'institutional consensus'.
Institutional passive buying has entered: GDLC is a compliant institutional investment tool in the U.S. stock market. The inclusion of BNB by Grayscale means that all traditional institutional investors purchasing this fund now indirectly hold BNB. This is an important step for BNB to gain recognition from Wall Street funds.
Significant weight: After the adjustment, BNB directly became one of the main assets in the fund, second only to BTC and ETH (with a weight of up to 5%), demonstrating a high level of confidence in BNB's market depth and liquidity.
Fundamentals dominate: This portfolio adjustment is based on the standards of CoinDesk Indices. BNB successfully met the market capitalization, liquidity, and custody standards, while ADA was excluded, further confirming BNB's status as a 'blue-chip' cryptocurrency.
💡 Potential follow-up effects
Don't forget, Grayscale also just submitted an application for a BNB Spot ETF at the end of January. Combined with this
portfolio adjustment of GDLC, it is clear that Grayscale is fully laying out the BNB ecosystem.
When institutions start to abandon the decentralized old coin ADA and bet their chips on BNB, what should we, as retail investors, do?
The wind has changed, and smart money is flowing toward BNB. 🚀
Miners are busy adding machines, the real bear market hasn't knocked on the door yet
This might be the most panicked day in the market since the FTX collapse. I'm here to share some good news and some bad news.
📌 Good news: The real bear market hasn't started yet
If you pull up the weekly chart of trading volume directly, you will find an interesting phenomenon:
Before 2023, the bear bottom (below $30,000): The trading volume was visibly 'huge', which is a characteristic of thorough capital turnover.
From April 2023 to now: The trading volume has been steadily declining or even shrinking.
Interpretation: This is because the market has not yet seen a massive panic sell-off or capital turnover. Without a 'big turnover', the current decline seems more like a severe shakeout during an upward trend, rather than a cyclical end.
📌 Good news: The real bear market hasn't started yet
If you pull up the weekly chart of trading volume directly, you will find an interesting phenomenon:
Before 2023, the bear bottom (below $30,000): The trading volume was visibly 'huge', which is a characteristic of thorough capital turnover.
From April 2023 to now: The trading volume has been steadily declining or even shrinking.
Interpretation: This is because the market has not yet seen a massive panic sell-off or capital turnover. Without a 'big turnover', the current decline seems more like a severe shakeout during an upward trend, rather than a cyclical end.
See translation
誰是1010爆倉事件的蜘蛛人
市場操縱？還其實只是在風口正中央？
在 2025 年 10 月 10 日（簡稱 1010）的加密市場閃崩事件中，全市場清算規模高達 200 億美元。
比特幣瞬間下跌約 10%，部分山寨幣甚至出現 接近 99% 的流動性崩潰式下殺，大量用戶在極短時間內被強制平倉。
直到最近，這起事件才被重新翻出來討論，而輿論箭頭，幾乎一致指向幣安。
徐明星公開批評幣安的高息活動「對市場造成真實且持久的傷害」，
認為 USDe 高收益活動 放大了槓桿結構，導致系統性去槓桿。
Cathie Wood 也將矛頭指向交易所系統問題，認為是軟體故障觸發強制清算。
甚至 Solana 社群擴散 FUD，呼籲資金撤離。
於是，幣安＝罪魁禍首。
但我認為，這個結論：是這樣沒錯，但不是這樣。
---
幣安更像是「是被選中的人」
如果只因為「辦高息活動」，就必須為整個市場崩潰負全責，那整個產業，幾乎沒有無辜者。
2025 年 9 月，孫割旗下的 HTX 推出 20% APY 的高息存入活動，吸引用戶存入由 Trump 家族發行的 $WLFI 代幣。
結果隔天代幣被集中轉移、快速砸盤，最後甚至演變成 Eric Trump 與孫割撕破臉，凍結約 1 億美元資產 的抓馬。
這是不是自導自演玩的「狠活」，外界不得而知；
但可以確定的是，這一套：高息＋流動性集中＋價格被狙擊的劇本
早就寫好了。
---
1010 真正的爆點，不是利率，而是「循環槓桿教學」
時間來到 2025 年 10 月。
幣安推出 $USDE 12% APY 的高息活動，乍看之下並不誇張。
真正的問題在於：廣場上迅速流傳的「循環借貸教學」。
存入 → 借出 → 再存入 → 再借出，槓桿被放大到 60% 以上。
在這種高槓桿結構下，只要有價格波動，清算就是「數學必然」。
如果1010沒有發生在那一天，也會發生在下一次
因為交易所不可能永遠不辦活動。
用一根手指來指責別人時， 別忘了另外三根指著自己。
前幾天提出批評的徐明星
明顯是忘了 OKX 在 2025 年 12 月 推出 年化高達 10591% 的高息 $NIGHT 活動。
市場立刻出現借貸狂潮，甚至連幣安的 ADA 流動性都被借到見底。
差別只在於：這次沒人狙擊市場。
1010 的後果，其實是「一次性清場」
幣安是全市場最大的交易所。
當去槓桿發生時，最大的平台，承受的連鎖反應也必然最劇烈。1010 幾乎清空了當時所有過度上槓桿的資金。
事件之後，市場並沒有立刻反彈，反而持續走弱。
原因很簡單：機構賣幣求生存。
直到今天，加密市場仍未完全修復，但這並不是一家交易所的的問題。
而是市場結構必然：交易所莊家撒幣 → 吸引更多資金進來薅 → 引來禿鷹收割
真正該被記住的教訓
1010 不是「幣安之錯」，而是整個加密產業對 活動風控不足 的集體代價。
高息可以存在，但在「被狙擊」成為常態的市場裡，
活動設計必須假設最壞情境一定會發生。
限制循環槓桿、加強風控緩衝
在系統層面預留後路
幣安只是站在風暴中心的最大結構體。
能力越大，責任越大
這次教訓讓市場結構更穩定、清算更可預期，
蹦極下去會彈回而不是摔死
那麼加密市場未來的「可玩性」會更大，期待迎來更繁榮的加密狂潮。
在 2025 年 10 月 10 日（簡稱 1010）的加密市場閃崩事件中，全市場清算規模高達 200 億美元。
比特幣瞬間下跌約 10%，部分山寨幣甚至出現 接近 99% 的流動性崩潰式下殺，大量用戶在極短時間內被強制平倉。
直到最近，這起事件才被重新翻出來討論，而輿論箭頭，幾乎一致指向幣安。
徐明星公開批評幣安的高息活動「對市場造成真實且持久的傷害」，
認為 USDe 高收益活動 放大了槓桿結構，導致系統性去槓桿。
Cathie Wood 也將矛頭指向交易所系統問題，認為是軟體故障觸發強制清算。
甚至 Solana 社群擴散 FUD，呼籲資金撤離。
於是，幣安＝罪魁禍首。
但我認為，這個結論：是這樣沒錯，但不是這樣。
---
幣安更像是「是被選中的人」
如果只因為「辦高息活動」，就必須為整個市場崩潰負全責，那整個產業，幾乎沒有無辜者。
2025 年 9 月，孫割旗下的 HTX 推出 20% APY 的高息存入活動，吸引用戶存入由 Trump 家族發行的 $WLFI 代幣。
結果隔天代幣被集中轉移、快速砸盤，最後甚至演變成 Eric Trump 與孫割撕破臉，凍結約 1 億美元資產 的抓馬。
這是不是自導自演玩的「狠活」，外界不得而知；
但可以確定的是，這一套：高息＋流動性集中＋價格被狙擊的劇本
早就寫好了。
---
1010 真正的爆點，不是利率，而是「循環槓桿教學」
時間來到 2025 年 10 月。
幣安推出 $USDE 12% APY 的高息活動，乍看之下並不誇張。
真正的問題在於：廣場上迅速流傳的「循環借貸教學」。
存入 → 借出 → 再存入 → 再借出，槓桿被放大到 60% 以上。
在這種高槓桿結構下，只要有價格波動，清算就是「數學必然」。
如果1010沒有發生在那一天，也會發生在下一次
因為交易所不可能永遠不辦活動。
用一根手指來指責別人時， 別忘了另外三根指著自己。
前幾天提出批評的徐明星
明顯是忘了 OKX 在 2025 年 12 月 推出 年化高達 10591% 的高息 $NIGHT 活動。
市場立刻出現借貸狂潮，甚至連幣安的 ADA 流動性都被借到見底。
差別只在於：這次沒人狙擊市場。
1010 的後果，其實是「一次性清場」
幣安是全市場最大的交易所。
當去槓桿發生時，最大的平台，承受的連鎖反應也必然最劇烈。1010 幾乎清空了當時所有過度上槓桿的資金。
事件之後，市場並沒有立刻反彈，反而持續走弱。
原因很簡單：機構賣幣求生存。
直到今天，加密市場仍未完全修復，但這並不是一家交易所的的問題。
而是市場結構必然：交易所莊家撒幣 → 吸引更多資金進來薅 → 引來禿鷹收割
真正該被記住的教訓
1010 不是「幣安之錯」，而是整個加密產業對 活動風控不足 的集體代價。
高息可以存在，但在「被狙擊」成為常態的市場裡，
活動設計必須假設最壞情境一定會發生。
限制循環槓桿、加強風控緩衝
在系統層面預留後路
幣安只是站在風暴中心的最大結構體。
能力越大，責任越大
這次教訓讓市場結構更穩定、清算更可預期，
蹦極下去會彈回而不是摔死
那麼加密市場未來的「可玩性」會更大，期待迎來更繁榮的加密狂潮。
The Most In-Depth Analysis on the Internet: Did Vanguard Purchase More Strategy Stocks?
I saw someone share
Vanguard purchases more Strategy stocks
My heart is ringing alarm bells.
Vanguard has always been one of the companies I admire the most, whose core logic is passive buy-and-hold, and it is unlikely to 'actively' bottom-feed and purchase more Strategy stocks. Moreover, MSTR's stock price has already dropped over 60% since last year, and theoretically, it should be reduced rather than increased.
So I directly searched for the original data. I found that mainstream news basically did not report on Vanguard increasing its holdings in MSTR; related news was almost only circulated on social media platforms (Facebook, X, etc.) or appeared on cryptocurrency media like Bitget, which was relayed from The Bitcoin Historian, making it third-hand information.
Vanguard purchases more Strategy stocks
My heart is ringing alarm bells.
Vanguard has always been one of the companies I admire the most, whose core logic is passive buy-and-hold, and it is unlikely to 'actively' bottom-feed and purchase more Strategy stocks. Moreover, MSTR's stock price has already dropped over 60% since last year, and theoretically, it should be reduced rather than increased.
So I directly searched for the original data. I found that mainstream news basically did not report on Vanguard increasing its holdings in MSTR; related news was almost only circulated on social media platforms (Facebook, X, etc.) or appeared on cryptocurrency media like Bitget, which was relayed from The Bitcoin Historian, making it third-hand information.
Enterprise-grade chain, evolving towards 'low speculation, high verifiability' design
Recently, Hedera upgraded its mainnet to v0.69. Hedera is a preferred coin for top enterprises. In the past, there was little recognition of this coin, but it is known that cryptocurrency ETFs have launched, aside from the leading BTC and ETH, the next are mainstream L1s SOL and XRP, then the older coins LTC and DOGE that have gone through several bull and bear cycles, followed by $HBAR ETFs. Looking around, the others are all in the top 10 tokens, and even the top 10 do not yet have dedicated spot ETFs for TRX and ADA. From this perspective, it is clear how high the corporate preference for HBAR is.
Hedera is a public decentralized ledger that achieves fast and low-cost transactions using Hashgraph consensus. Its core services include smart contracts, consensus, and tokenization, laying the foundation for applications in finance, sustainability, and other industries. With governance led by global enterprises and supported by open-source development, Hedera offers different ways to build DApps.
Hedera is a public decentralized ledger that achieves fast and low-cost transactions using Hashgraph consensus. Its core services include smart contracts, consensus, and tokenization, laying the foundation for applications in finance, sustainability, and other industries. With governance led by global enterprises and supported by open-source development, Hedera offers different ways to build DApps.
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幣安也不拿美元了？SAFU 基金全倉比特幣的底層邏輯
大家知道幣安有個 SAFU（用戶安全資產基金） 嗎？
說白了，這就是幣安替大家準備的「保險金」。
當駭客攻擊、黑天鵝事件發生時，這筆錢就是拿來賠付用戶的救命錢。
這背後的邏輯，就是標準的「雙十法則」：拿 10% 的營收成本，去扛住 10 倍的極端風險。
用日常的收入，去對沖那些低頻但致命的災難。
2019 年幣安被駭 7000 顆 BTC（當時值 4,100 萬鎂），就是靠 SAFU 扛下來的。
但這幾天，最騷的操作來了。
幣安公布將 SAFU 基金（總規模 10 億美元）從原本的穩定幣，全部轉成 比特幣$BTC 。
首批約 1 億美元 的資金已經進場，僅換回了約 1315 顆 BTC。
（注意：這只是第一批，後面還有 9 億鎂的銀彈要轉！）
這動作說明了一切：
購買力的真相：
同樣是 SAFU 基金，幾年前 10 億鎂能買幾萬顆大餅，現在只能買這麼多了。長期來看，BTC 跑贏法幣不是信仰，是事實。定義「真正的安全」：
過去我們認為「保險金」要存美元、存穩定幣才安全。
但現在，全球最大的交易所告訴你：「比特幣才是優於美元的抗風險資產。」
保險資金的任務只有一個：在最壞的時候兜底。
當大家還在恐慌、還在討論牛熊邊界時，
幣安已經用 10 億美元的真金白銀，完成了資產配置的典範轉移。
連開賭場的莊家都把籌碼換成 BTC 了，你手上的 Fiat穩定幣 還在當子彈嗎？
說白了，這就是幣安替大家準備的「保險金」。
當駭客攻擊、黑天鵝事件發生時，這筆錢就是拿來賠付用戶的救命錢。
這背後的邏輯，就是標準的「雙十法則」：拿 10% 的營收成本，去扛住 10 倍的極端風險。
用日常的收入，去對沖那些低頻但致命的災難。
2019 年幣安被駭 7000 顆 BTC（當時值 4,100 萬鎂），就是靠 SAFU 扛下來的。
但這幾天，最騷的操作來了。
幣安公布將 SAFU 基金（總規模 10 億美元）從原本的穩定幣，全部轉成 比特幣$BTC 。
首批約 1 億美元 的資金已經進場，僅換回了約 1315 顆 BTC。
（注意：這只是第一批，後面還有 9 億鎂的銀彈要轉！）
這動作說明了一切：
購買力的真相：
同樣是 SAFU 基金，幾年前 10 億鎂能買幾萬顆大餅，現在只能買這麼多了。長期來看，BTC 跑贏法幣不是信仰，是事實。定義「真正的安全」：
過去我們認為「保險金」要存美元、存穩定幣才安全。
但現在，全球最大的交易所告訴你：「比特幣才是優於美元的抗風險資產。」
保險資金的任務只有一個：在最壞的時候兜底。
當大家還在恐慌、還在討論牛熊邊界時，
幣安已經用 10 億美元的真金白銀，完成了資產配置的典範轉移。
連開賭場的莊家都把籌碼換成 BTC 了，你手上的 Fiat穩定幣 還在當子彈嗎？
This weekend's crash in the cryptocurrency market came suddenly and violently, with liquidation amounts exceeding $2 billion.
The whales that earned funds from traditional assets like gold and silver thought they could inject that money into cryptocurrencies, but the market showed no mercy and harvested them directly.
Bitcoin $BTC miners have seen a shutdown rate as high as 20% in the past two days, with the overall network hash rate plummeting from 1038 EH/s to 851 EH/s. The original mining cost was around $90,000, and this wave of shutdowns mainly affected older machines from the previous cycle, causing the overall cost to drop sharply to over $70,000. If the market continues to consolidate at these prices, miners will have to grit their teeth and endure.
If all the old machines from the previous cycle were to shut down, leaving only the new equipment from this cycle, the hash rate could potentially drop further to 400-500 EH/s, and the cost could be lowered to over $40,000. This wave of shutdowns might actually be a good opportunity to buy at a low price.
The miners' bottom line price is the bearish price of Bitcoin, and only in a bear market is it a good opportunity to buy and accumulate. The traditional bosses are not around, and there is a fire sale; it's uncertain whether the bosses are really gone or if they have jumped. But in the new cryptocurrency landscape, a shutdown truly signifies the miners' surrender. Pick up the bloody chips, and start accumulating now!
The whales that earned funds from traditional assets like gold and silver thought they could inject that money into cryptocurrencies, but the market showed no mercy and harvested them directly.
Bitcoin $BTC miners have seen a shutdown rate as high as 20% in the past two days, with the overall network hash rate plummeting from 1038 EH/s to 851 EH/s. The original mining cost was around $90,000, and this wave of shutdowns mainly affected older machines from the previous cycle, causing the overall cost to drop sharply to over $70,000. If the market continues to consolidate at these prices, miners will have to grit their teeth and endure.
If all the old machines from the previous cycle were to shut down, leaving only the new equipment from this cycle, the hash rate could potentially drop further to 400-500 EH/s, and the cost could be lowered to over $40,000. This wave of shutdowns might actually be a good opportunity to buy at a low price.
The miners' bottom line price is the bearish price of Bitcoin, and only in a bear market is it a good opportunity to buy and accumulate. The traditional bosses are not around, and there is a fire sale; it's uncertain whether the bosses are really gone or if they have jumped. But in the new cryptocurrency landscape, a shutdown truly signifies the miners' surrender. Pick up the bloody chips, and start accumulating now!
BTCUSD CM
Perp
50X
Opening Long
Unrealized PNL
+31.00%
Is the plunge in gold and silver wiping out the market?
You think you are looking at 'metals' but you are actually looking at 'liquidity'.
At the end of January, this trend was quite magical: Gold $XAU and Silver $XAG first surged to historical highs, then experienced an almost 'cliff-like' pullback. The gold price fell by about 11–12% in a single day, while silver dropped about 31–33%, both recording a rather rare sharp decline.
Many people interpret it as 'the myth of safe-haven assets collapsing'. But have you noticed that this kind of plunge is very similar to the crypto market: this is not at all the narrative of gold or silver, but rather the RWA narrative of 'high liquidity + leveraged trading + event-triggered'.
It's not that 'metals are becoming brittle', it's that 'the market is becoming faster'.
At the end of January, this trend was quite magical: Gold $XAU and Silver $XAG first surged to historical highs, then experienced an almost 'cliff-like' pullback. The gold price fell by about 11–12% in a single day, while silver dropped about 31–33%, both recording a rather rare sharp decline.
Many people interpret it as 'the myth of safe-haven assets collapsing'. But have you noticed that this kind of plunge is very similar to the crypto market: this is not at all the narrative of gold or silver, but rather the RWA narrative of 'high liquidity + leveraged trading + event-triggered'.
It's not that 'metals are becoming brittle', it's that 'the market is becoming faster'.
This is not a meme coin, this is a gold token
The gold perpetual contract (\u003cc-34/\u003e) has surged dramatically, starting from over 4,000 in January 2026 and breaking through 5,300. Just looking at the daily candlestick chart, one might think it's a pump and dump from a meme coin, but this is the real daily gold chart erupting. The world's number one safe-haven asset, physical gold RWA, crushes Bitcoin as the 'digital gold.'
Why is it rising so fiercely? Geopolitical tensions are exploding
In early 2026, the U.S. military launched an operation against Venezuela, capturing President Nicolás Maduro and bringing him to New York for trial (on charges such as smuggling and terrorism). Trump publicly stated that the U.S. would 'run' Venezuela until the transition is complete and demanded 'total access' to oil and other resources. Vice President Delcy Rodríguez assumed the role of acting president
Why is it rising so fiercely? Geopolitical tensions are exploding
In early 2026, the U.S. military launched an operation against Venezuela, capturing President Nicolás Maduro and bringing him to New York for trial (on charges such as smuggling and terrorism). Trump publicly stated that the U.S. would 'run' Venezuela until the transition is complete and demanded 'total access' to oil and other resources. Vice President Delcy Rodríguez assumed the role of acting president
Vanar Chain Short-Term Price Analysis
The CreatorPad event launched by Vanar Chain is essentially a promotional design of 'exchanging attention for a reward pool, driving content distribution through tasks.' By completing tasks such as posting, following, and trading, participants have the chance to share a token reward of up to 12,058,823 $VANRY. The event will run from 2026-01-20 to 2026-02-20 (UTC), and this period will undoubtedly increase the exposure of the #Vanar tag on social media.
From the perspective of the project party, the strategy is extremely blunt and straightforward: directly convert the marketing budget into user rewards and use a leaderboard mechanism to incentivize creators to produce high-quality content. However, as rational investors, we must consider: can the short-term data boom translate into long-term ecological value? In the crypto space, 'narrative outpacing reality' is the norm, and only when the excitement of the event subsides does the real test of @vanar's technical strength begin.
From the perspective of the project party, the strategy is extremely blunt and straightforward: directly convert the marketing budget into user rewards and use a leaderboard mechanism to incentivize creators to produce high-quality content. However, as rational investors, we must consider: can the short-term data boom translate into long-term ecological value? In the crypto space, 'narrative outpacing reality' is the norm, and only when the excitement of the event subsides does the real test of @vanar's technical strength begin.
Introduction to the BNB Ecosystem
This is a personal insight into the BNB ecosystem, and it directly provides a 'playability star rating.'
(Disclaimer: This is purely a personal entertainment experience, not any investment advice)
1. Core token: $BNB
Rating: ★★★★★ (5/5)
Short review: Undoubtedly the king. It is the native token for paying Gas Fees on the payment chain and also a shovel for participating in Launchpool. On the BSC chain, you can't even move without BNB; there are basically no alternatives, it's a must-have.
2. BTCFi: $BBTC / $BTCB
Rating: ★★☆☆☆ (2/5)
Short review: Binance's officially wrapped BTC 1:1, quite a boring product. But its significance lies in 'liquidity export'—because there is a trading pair pegged to WBTC, it can serve as a relay station to Ethereum; instead of holding it long-term, it's better to hold the native BTC token.
(Disclaimer: This is purely a personal entertainment experience, not any investment advice)
1. Core token: $BNB
Rating: ★★★★★ (5/5)
Short review: Undoubtedly the king. It is the native token for paying Gas Fees on the payment chain and also a shovel for participating in Launchpool. On the BSC chain, you can't even move without BNB; there are basically no alternatives, it's a must-have.
2. BTCFi: $BBTC / $BTCB
Rating: ★★☆☆☆ (2/5)
Short review: Binance's officially wrapped BTC 1:1, quite a boring product. But its significance lies in 'liquidity export'—because there is a trading pair pegged to WBTC, it can serve as a relay station to Ethereum; instead of holding it long-term, it's better to hold the native BTC token.
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