Heylts小懒橘
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@Web3Lanju
｜ex-Web2 大厂练习生;
能力标签：热点研究 / 内容策划 / 生态体验;
Logic & Storytelling｜自由成长｜见证行业波澜
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你还在等美联储降息救市？
醒醒吧，真正抽干加密流动性的，是你时间线上满屏的 AI。
Wintermute 今天的数据一针见血：把 Nasdaq100 里的 AI 公司剥掉，加密市场的负偏态几乎消失。
BTC 跑不赢、跌的更狠，全是因为钱被 AI 吸走了，ETF 今年净卖出，矿企都在抛 $BTC 转头 all in AI。
这轮熊市的真凶，不在币圈。
Wintermute 的 OTC 交易员 Jasper De Maere 说：加密涨的时候跟不上，跌的时候跌更多，这种表现几乎完全是 AI 资金轮动造成的。
钱没有蒸发，钱去了英伟达、去了微软、去了每一个跟 AI 沾边的标的。
不管是你刷推特还是其他社交软件就能感受到，满屏 AI 短视频、AI 工具测评、AI 概念股，炒币的人不是躺平了，是注意力和钱一起走了。
数据也是很难看， $BTC 从去年 10 月 ATH $126000 跌到现在约$69000，直接腰斩。
上周最低砸到$60000 附近，单日跌幅 15%，是 FTX 暴雷以来最惨的一天，过去一周加密市场爆仓超过 25 亿。
去年同期，美国 $BTC 的 ETF 疯狂吃进 46000 个 BTC。今年 CryptoQuant 数据显示，ETF 净卖出。
Deutsche Bank 分析师说得更直接：「传统投资者正在失去兴趣，整体悲观情绪在加剧」。
BTC 跌破 365 天均线，2022 年 3 月以来第一次，跌破后 83 天下跌 23%，比 2022 年初那轮熊市同期还惨。
但这还不是最让人无语的。
矿企，我们这个行业最底层的基础设施也在用脚投票，Cango 这个周末一口气卖掉 4451 个 BTC，套现 3.05 亿，均价$68524，接近多年低点。
钱拿去还掉 BTC 抵押贷款，然后 all in AI 算力，他们要在全球 40 多个矿场部署 GPU 节点，给中小企业提供 AI 推理服务，新 CTO 是从 Zoom 挖来的。
Cango 不是个例，Bitfarms 直接宣布 2027 年前彻底退出挖矿，原话是「我们不再是一家比特币公司」。
你想想：当挖矿的人都觉得挖矿没前途了，卖掉 BTC 去搞 AI，这比任何 K 线都说明问题。
Wintermute 年初报告里还提过一个判断：传统的加密四年周期已经死了，但是懒橘目前看来还是存在，2025 年没有等来牛市狂欢，山寨币反弹周期从 2024 年的平均 61 天缩短到了 19 天。
散户的注意力早就被 AI、稀土、量子计算分走了。
这就是 2026 年加密市场的真实处境：不是没有钱，是钱找到了别的地方。
2024 年矿企囤 BTC，2026 年矿企卖 BTC。
两年前和两年后，叙事完全反转，但有一件事没变，散户永远是最后知道风向变了的人。
我倾向于这个趋势短期不会逆转，Wintermute 说得很清楚：「加密要重新跑赢，AI 的泡沫必须先破。」
所以问题来了：你是继续在这里等降息，还是先想清楚，你的对手盘，早就不在币圈了？
Wintermute 今天的数据一针见血：把 Nasdaq100 里的 AI 公司剥掉，加密市场的负偏态几乎消失。
BTC 跑不赢、跌的更狠，全是因为钱被 AI 吸走了，ETF 今年净卖出，矿企都在抛 $BTC 转头 all in AI。
这轮熊市的真凶，不在币圈。
Wintermute 的 OTC 交易员 Jasper De Maere 说：加密涨的时候跟不上，跌的时候跌更多，这种表现几乎完全是 AI 资金轮动造成的。
钱没有蒸发，钱去了英伟达、去了微软、去了每一个跟 AI 沾边的标的。
不管是你刷推特还是其他社交软件就能感受到，满屏 AI 短视频、AI 工具测评、AI 概念股，炒币的人不是躺平了，是注意力和钱一起走了。
数据也是很难看， $BTC 从去年 10 月 ATH $126000 跌到现在约$69000，直接腰斩。
上周最低砸到$60000 附近，单日跌幅 15%，是 FTX 暴雷以来最惨的一天，过去一周加密市场爆仓超过 25 亿。
去年同期，美国 $BTC 的 ETF 疯狂吃进 46000 个 BTC。今年 CryptoQuant 数据显示，ETF 净卖出。
Deutsche Bank 分析师说得更直接：「传统投资者正在失去兴趣，整体悲观情绪在加剧」。
BTC 跌破 365 天均线，2022 年 3 月以来第一次，跌破后 83 天下跌 23%，比 2022 年初那轮熊市同期还惨。
但这还不是最让人无语的。
矿企，我们这个行业最底层的基础设施也在用脚投票，Cango 这个周末一口气卖掉 4451 个 BTC，套现 3.05 亿，均价$68524，接近多年低点。
钱拿去还掉 BTC 抵押贷款，然后 all in AI 算力，他们要在全球 40 多个矿场部署 GPU 节点，给中小企业提供 AI 推理服务，新 CTO 是从 Zoom 挖来的。
Cango 不是个例，Bitfarms 直接宣布 2027 年前彻底退出挖矿，原话是「我们不再是一家比特币公司」。
你想想：当挖矿的人都觉得挖矿没前途了，卖掉 BTC 去搞 AI，这比任何 K 线都说明问题。
Wintermute 年初报告里还提过一个判断：传统的加密四年周期已经死了，但是懒橘目前看来还是存在，2025 年没有等来牛市狂欢，山寨币反弹周期从 2024 年的平均 61 天缩短到了 19 天。
散户的注意力早就被 AI、稀土、量子计算分走了。
这就是 2026 年加密市场的真实处境：不是没有钱，是钱找到了别的地方。
2024 年矿企囤 BTC，2026 年矿企卖 BTC。
两年前和两年后，叙事完全反转，但有一件事没变，散户永远是最后知道风向变了的人。
我倾向于这个趋势短期不会逆转，Wintermute 说得很清楚：「加密要重新跑赢，AI 的泡沫必须先破。」
所以问题来了：你是继续在这里等降息，还是先想清楚，你的对手盘，早就不在币圈了？
Continuing to hold the "seven giants" of US stocks may be your biggest risk in 2026.
The US stock market has shifted from "valuation removal" to "performance killing"; Wall Street is no longer buying the AI story and is only looking at free cash flow.
As the market heavily punishes pseudo AI assets, smart money is rapidly flowing into power infrastructure and nuclear energy with orders extending to 2028.
Where is the money actually flowing? Lazy Orange helps you calibrate your holdings logic.
The US stock market has shifted from "valuation removal" to "performance killing"; Wall Street is no longer buying the AI story and is only looking at free cash flow.
As the market heavily punishes pseudo AI assets, smart money is rapidly flowing into power infrastructure and nuclear energy with orders extending to 2028.
Where is the money actually flowing? Lazy Orange helps you calibrate your holdings logic.
Most people are guessing where this $BTC can drop to, but they haven't noticed that the underlying liquidity has already dried up.
The contract liquidations of 2 billion the day before yesterday and 800 million today are not coincidences; they are the inevitable result after several months of net outflows from stablecoins.
Funds in the market have been flowing into precious metals and the stock market, and the so-called support levels are just ornaments without buying pressure.
Now, over 4 billion in liquidity has already been withdrawn, which is the lifeline at the very bottom of the market.
The current market appears extremely fragile, and the anemic state caused by the depletion of liquidity will magnify any small fluctuations into violent spikes.
This is a typical stampede after the loss of liquidity.
Before the net inflow of stablecoins returns to positive for a day, any good news may just be bait to raise prices for unloading.
The contract liquidations of 2 billion the day before yesterday and 800 million today are not coincidences; they are the inevitable result after several months of net outflows from stablecoins.
Funds in the market have been flowing into precious metals and the stock market, and the so-called support levels are just ornaments without buying pressure.
Now, over 4 billion in liquidity has already been withdrawn, which is the lifeline at the very bottom of the market.
The current market appears extremely fragile, and the anemic state caused by the depletion of liquidity will magnify any small fluctuations into violent spikes.
This is a typical stampede after the loss of liquidity.
Before the net inflow of stablecoins returns to positive for a day, any good news may just be bait to raise prices for unloading.
Trump said at Davos that we must "prevent China from touching cryptocurrency," which is a bit unnecessary.
In fact, there is no need to prevent it, because China has already actively rejected it.
For the past few years, the mainland's attitude has been very stable and clear: strict regulation, deleveraging, and banning speculation.
From shutting down mining farms to cracking down on speculation, a series of measures are in place to prevent cryptocurrency from becoming popular in the mainland.
So, the president is overthinking it; China is busy developing physical and digital renminbi 🙂
In fact, there is no need to prevent it, because China has already actively rejected it.
For the past few years, the mainland's attitude has been very stable and clear: strict regulation, deleveraging, and banning speculation.
From shutting down mining farms to cracking down on speculation, a series of measures are in place to prevent cryptocurrency from becoming popular in the mainland.
So, the president is overthinking it; China is busy developing physical and digital renminbi 🙂
The case hasn't been judged yet, but 103 BTC has already been converted to 49.61 million.
The charge was changed three times, from 'operating a casino' to 'theft'.
183 programmers in Shenzhen
The case exposed risks that all holders overlooked.
---
Case process
The party involved, Li Dong (a pseudonym), is a 'post-80s' network security engineer from Shenzhen.
The prosecution accused him of using overseas gambling server vulnerabilities in 2020 to steal personal information of 1.84 million Chinese citizens and embezzle 35.5 million yuan in website agent commissions.
Seizure situation: The police in Zhangjiajie, Hunan seized 103 BTC, which has been converted to 49.61 million yuan; the police in Changge, Henan seized 80 BTC, valued at about 40 million yuan. A total of 183 BTC, amounting to over 90 million yuan.
183 programmers in Shenzhen
The case exposed risks that all holders overlooked.
---
Case process
The party involved, Li Dong (a pseudonym), is a 'post-80s' network security engineer from Shenzhen.
The prosecution accused him of using overseas gambling server vulnerabilities in 2020 to steal personal information of 1.84 million Chinese citizens and embezzle 35.5 million yuan in website agent commissions.
Seizure situation: The police in Zhangjiajie, Hunan seized 103 BTC, which has been converted to 49.61 million yuan; the police in Changge, Henan seized 80 BTC, valued at about 40 million yuan. A total of 183 BTC, amounting to over 90 million yuan.
Father of central bank digital currency, using $ETH to pay himself
A case exposed in a CCTV anti-corruption documentary: Yao Qian, former director of the People's Bank of China's Digital Currency Research Institute, the person named by Coindesk as one of the 'Top Ten Blockchain Figures of 2017' and in charge of DCEP development.
In 2018, he helped someone launch an ICO on an exchange and received 2,000 $ETH as a bribe.
A hardware wallet was found in his office drawer, with layered shell bank accounts traced through four levels; the source of 10 million was from cryptocurrency trading, ultimately used to purchase a villa in Beijing.
The investigation team said: This is the first successful case in China's anti-corruption history to trace cryptocurrency-related bribery.
Yao Qian himself said in front of the camera: 'I previously thought it would be hard to gather evidence.'
You see, the person who regulates cryptocurrency knows its loopholes best.
He wrote a paper just a short while ago stating that 'Bitcoin lacks a value anchor and cannot become a real currency,' yet he himself hoarded $ETH to buy a villa.
This is perhaps the greatest irony of 'blockchain immutability'—the blockchain record may not catch you, but your Ledger in the drawer can.
A case exposed in a CCTV anti-corruption documentary: Yao Qian, former director of the People's Bank of China's Digital Currency Research Institute, the person named by Coindesk as one of the 'Top Ten Blockchain Figures of 2017' and in charge of DCEP development.
In 2018, he helped someone launch an ICO on an exchange and received 2,000 $ETH as a bribe.
A hardware wallet was found in his office drawer, with layered shell bank accounts traced through four levels; the source of 10 million was from cryptocurrency trading, ultimately used to purchase a villa in Beijing.
The investigation team said: This is the first successful case in China's anti-corruption history to trace cryptocurrency-related bribery.
Yao Qian himself said in front of the camera: 'I previously thought it would be hard to gather evidence.'
You see, the person who regulates cryptocurrency knows its loopholes best.
He wrote a paper just a short while ago stating that 'Bitcoin lacks a value anchor and cannot become a real currency,' yet he himself hoarded $ETH to buy a villa.
This is perhaps the greatest irony of 'blockchain immutability'—the blockchain record may not catch you, but your Ledger in the drawer can.
This week might be the first super week of 2026.
CPI, tariff rulings, CLARITY Act—Lazy Orange helps you sort it out
👇
1/13 (today): U.S. December CPI release
1/14 (tomorrow): Supreme Court tariff ruling + PPI
1/15 (day after tomorrow): CLARITY Act markup
1/28: FOMC interest rate decision
Today's CPI, market expects around 2.7%. If it comes in significantly below expectations, rate cut expectations rise, and $BTC may break above $95K; if above expectations, it could retrace to $88K.
But tomorrow is the key—Supreme Court will rule on whether Trump's 'Liberation Day tariffs' are unconstitutional. Polymarket shows a 76% probability of being overturned.
If overturned, the U.S. government would have to refund over $133 billion to importers, inflation expectations would drop, the dollar would weaken, and risk assets would be a major beneficiary.
Trump himself is anxious, saying, 'If we lose, we're done.'
The CLARITY Act on day after tomorrow is also worth watching—it's the first truly meaningful crypto market structure bill in the U.S. If it moves forward smoothly, regulatory clarity would be a medium-to-long-term positive for the industry.
Those with positions, please manage risk carefully~
CPI, tariff rulings, CLARITY Act—Lazy Orange helps you sort it out
👇
1/13 (today): U.S. December CPI release
1/14 (tomorrow): Supreme Court tariff ruling + PPI
1/15 (day after tomorrow): CLARITY Act markup
1/28: FOMC interest rate decision
Today's CPI, market expects around 2.7%. If it comes in significantly below expectations, rate cut expectations rise, and $BTC may break above $95K; if above expectations, it could retrace to $88K.
But tomorrow is the key—Supreme Court will rule on whether Trump's 'Liberation Day tariffs' are unconstitutional. Polymarket shows a 76% probability of being overturned.
If overturned, the U.S. government would have to refund over $133 billion to importers, inflation expectations would drop, the dollar would weaken, and risk assets would be a major beneficiary.
Trump himself is anxious, saying, 'If we lose, we're done.'
The CLARITY Act on day after tomorrow is also worth watching—it's the first truly meaningful crypto market structure bill in the U.S. If it moves forward smoothly, regulatory clarity would be a medium-to-long-term positive for the industry.
Those with positions, please manage risk carefully~
The Chair of the Federal Reserve is under criminal investigation.
This is the first time in U.S. history that a sitting president has used criminal means to target a central bank governor.
On January 9th, the Department of Justice issued a subpoena, and on January 11th, the case was officially filed, directly pressuring U.S. stock index futures.
---
On the surface, it's about construction corruption; in reality, it's a power struggle.
Trump accused Powell of poor management in the renovation of the Federal Reserve headquarters, where the budget soared from $2.5 billion to $4.1 billion. The DOJ is investigating whether Powell lied during his congressional testimony in June last year.
But budget overruns happen in almost every major project.
What Trump really wants is for Powell to cut interest rates.
Powell responded sharply—on the evening of the 11th, he released a video statement, the strongest stance he has taken during his tenure: "The criminal charges are a pretext; the real reason is the president's desire to control interest rates."
It's extremely rare for a central bank governor to publicly confront the president.
More importantly, Powell's term ends in May, and Trump has already prepared his successor.
---
For the crypto market, this could be a signal.
Yesterday, U.S. stock index futures dropped, but $BTC fluctuated around 90,000 without following the decline.
The market is waiting for two possible outcomes:
Trump wins → rate cuts and monetary easing → bullish for BTC
Powell wins → doubts about U.S. dollar credibility → also bullish for BTC
In this game, no matter who wins, $BTC seems unlikely to lose.
This is the first time in U.S. history that a sitting president has used criminal means to target a central bank governor.
On January 9th, the Department of Justice issued a subpoena, and on January 11th, the case was officially filed, directly pressuring U.S. stock index futures.
---
On the surface, it's about construction corruption; in reality, it's a power struggle.
Trump accused Powell of poor management in the renovation of the Federal Reserve headquarters, where the budget soared from $2.5 billion to $4.1 billion. The DOJ is investigating whether Powell lied during his congressional testimony in June last year.
But budget overruns happen in almost every major project.
What Trump really wants is for Powell to cut interest rates.
Powell responded sharply—on the evening of the 11th, he released a video statement, the strongest stance he has taken during his tenure: "The criminal charges are a pretext; the real reason is the president's desire to control interest rates."
It's extremely rare for a central bank governor to publicly confront the president.
More importantly, Powell's term ends in May, and Trump has already prepared his successor.
---
For the crypto market, this could be a signal.
Yesterday, U.S. stock index futures dropped, but $BTC fluctuated around 90,000 without following the decline.
The market is waiting for two possible outcomes:
Trump wins → rate cuts and monetary easing → bullish for BTC
Powell wins → doubts about U.S. dollar credibility → also bullish for BTC
In this game, no matter who wins, $BTC seems unlikely to lose.
In 2025, 11.6 million crypto projects died, and views of crypto content on YouTube dropped to a 5-year low.
But that's not the point. The key is data released by CoinGecko: in 2025, 11.6 million crypto projects went to zero, accounting for 86% of all project failures over the past five years.
Even more alarming, 7.7 million died in Q4 alone—more than the total number that died in the previous four years combined.
Why?
Because token creation has become too easy. At the end of 2024, there were 3 million tokens in the market; by the end of 2025, that number surged to 20 million.
Pump.fun allows anyone to launch a token with just a mouse click, resulting in an avalanche of low-quality tokens.
Retail investors are getting scammed over and over again—TRUMP dropped 90%, MELANIA fell 98%, and LIBRA, promoted by Argentina's president, crashed instantly.
YouTube has lost viewership, and no one is willing to bottom-fish for altcoins anymore. Now, people are focusing more on on-chain opportunities, aiming for high returns with minimal capital.
But Lazy Orange wants to say something uncomfortable: the cleanup of bad projects might not be a bad thing.
When the cost of launching a token approaches zero, 99% of projects are destined to be failures. What remains will either have real utility or institutional backing.
Perhaps the script for bull and bear cycles, and altcoin cycles, has changed: there won't be broad altcoin rallies anymore—only the strong will prevail.
$BTC , $ETH , $BNB , $SOL. To the rest, outside the few top players—good luck!
But that's not the point. The key is data released by CoinGecko: in 2025, 11.6 million crypto projects went to zero, accounting for 86% of all project failures over the past five years.
Even more alarming, 7.7 million died in Q4 alone—more than the total number that died in the previous four years combined.
Why?
Because token creation has become too easy. At the end of 2024, there were 3 million tokens in the market; by the end of 2025, that number surged to 20 million.
Pump.fun allows anyone to launch a token with just a mouse click, resulting in an avalanche of low-quality tokens.
Retail investors are getting scammed over and over again—TRUMP dropped 90%, MELANIA fell 98%, and LIBRA, promoted by Argentina's president, crashed instantly.
YouTube has lost viewership, and no one is willing to bottom-fish for altcoins anymore. Now, people are focusing more on on-chain opportunities, aiming for high returns with minimal capital.
But Lazy Orange wants to say something uncomfortable: the cleanup of bad projects might not be a bad thing.
When the cost of launching a token approaches zero, 99% of projects are destined to be failures. What remains will either have real utility or institutional backing.
Perhaps the script for bull and bear cycles, and altcoin cycles, has changed: there won't be broad altcoin rallies anymore—only the strong will prevail.
$BTC , $ETH , $BNB , $SOL. To the rest, outside the few top players—good luck!
From private game servers to 14 billion Bitcoins: The 15-year laundering strategy of a telecom fraud mastermind.
A former internet cafe manager who dropped out of junior high school 15 years later amassing a fortune of $14 billion.
。
It sounds like a wish-fulfillment story, but it's true.
Caixin today disclosed details of Chen Zhi's assets in China. In addition to the Prince Group, which is well-known, he also holds a game company in Xiamen.
This company mainly develops mobile games and also holds a 70% stake in a Chongqing-based equity investment fund management company.
---
Why do telecom fraud tycoons own gaming companies?
From private game servers to a telecom fraud empire, Chen Zhi's rise to power is actually a fairly typical example of the evolution of the black market.
He was born in Lianjiang, Fujian. After dropping out of school in the second year of junior high, he worked as an administrator in internet cafes in Guangdong and Jiangsu. The turning point came after the game (Legend of Mir) became popular. He formed a team to build a private server for the game and earned his first pot of gold.
。
It sounds like a wish-fulfillment story, but it's true.
Caixin today disclosed details of Chen Zhi's assets in China. In addition to the Prince Group, which is well-known, he also holds a game company in Xiamen.
This company mainly develops mobile games and also holds a 70% stake in a Chongqing-based equity investment fund management company.
---
Why do telecom fraud tycoons own gaming companies?
From private game servers to a telecom fraud empire, Chen Zhi's rise to power is actually a fairly typical example of the evolution of the black market.
He was born in Lianjiang, Fujian. After dropping out of school in the second year of junior high, he worked as an administrator in internet cafes in Guangdong and Jiangsu. The turning point came after the game (Legend of Mir) became popular. He formed a team to build a private server for the game and earned his first pot of gold.
At CES, Huang Renxun announced: NVIDIA × Mercedes autonomous vehicles will arrive in Asia this second half of the year.
Lanju immediately thought: Tesla's FSD is already capable of autonomous driving in the U.S., but there are still many restrictions on its deployment in China. Can Mercedes use it?
According to the introduction, the Mercedes CLA is equipped with the Alpamayo system, which is dubbed 'AI that can think.' It can reason, break down, and solve problems like a human when encountering traffic light malfunctions or complex road conditions.
With a new technology launching, it sounds impressive—available in the U.S. in Q1, Europe in Q2, and Asia in the second half of the year.
Huang Renxun said this is the first large-scale application of 'physical AI,' suggesting NVIDIA is not just selling chips, but aiming to redefine the entire transportation industry.
AI technology is advancing rapidly, but ordinary people may find it harder than ever.
There are millions of professional drivers worldwide who rely on driving to support their families. Once autonomous driving becomes widespread, these people face job loss. Reskilling is unrealistic—how can a 40-year-old driver start learning programming or AI from scratch?
This could happen as early as 2026.
In the AI era, those who master technology seem to always win. Ordinary people can only passively adapt or be left behind.
Lanju immediately thought: Tesla's FSD is already capable of autonomous driving in the U.S., but there are still many restrictions on its deployment in China. Can Mercedes use it?
According to the introduction, the Mercedes CLA is equipped with the Alpamayo system, which is dubbed 'AI that can think.' It can reason, break down, and solve problems like a human when encountering traffic light malfunctions or complex road conditions.
With a new technology launching, it sounds impressive—available in the U.S. in Q1, Europe in Q2, and Asia in the second half of the year.
Huang Renxun said this is the first large-scale application of 'physical AI,' suggesting NVIDIA is not just selling chips, but aiming to redefine the entire transportation industry.
AI technology is advancing rapidly, but ordinary people may find it harder than ever.
There are millions of professional drivers worldwide who rely on driving to support their families. Once autonomous driving becomes widespread, these people face job loss. Reskilling is unrealistic—how can a 40-year-old driver start learning programming or AI from scratch?
This could happen as early as 2026.
In the AI era, those who master technology seem to always win. Ordinary people can only passively adapt or be left behind.
Silver increased by 150%, gold increased by 70%, $BTC decreased by 6.8%
Today I saw a piece of data that made many friends directly break down.
Silver increased by 150%, gold increased by 70%,
decreased by 6.8%.
What’s even more heartbreaking is that the reasons we in the crypto world shout for these three assets are the same: hedging, anti-inflation, and hedging against fiat currency depreciation.
| But the market only recognizes silver and gold
The specific numbers are as follows:
Silver: increased by 150% in 2025, from $28.86 at the beginning of the year to now $72.18, a historical high.
Gold: increased by 70% in 2025, from $2628 at the beginning of the year to now $4490 / ounce, a historical high.
Bitcoin: decreased by 6.8% in 2025, from $93,425 at the beginning of the year to now $87,064.
Silver increased by 150%, gold increased by 70%,
decreased by 6.8%.
What’s even more heartbreaking is that the reasons we in the crypto world shout for these three assets are the same: hedging, anti-inflation, and hedging against fiat currency depreciation.
| But the market only recognizes silver and gold
The specific numbers are as follows:
Silver: increased by 150% in 2025, from $28.86 at the beginning of the year to now $72.18, a historical high.
Gold: increased by 70% in 2025, from $2628 at the beginning of the year to now $4490 / ounce, a historical high.
Bitcoin: decreased by 6.8% in 2025, from $93,425 at the beginning of the year to now $87,064.
CZ: The era of making money while lying down has ended! Stablecoin 2.0 is about to begin
If there is a business: users put money here, you take it to invest and earn 4-5% profit, not giving a penny to the users, you can earn hundreds of millions of US dollars in a year.
How long do you think this business can last? This is not a hypothesis; this is the USDT you have in hand.
CZ gave the answer last night: the era of making money while lying down is coming to an end.
| Tether's business model
Tether's profit in 2024 is reported to reach hundreds of millions, which is more profitable than many listed companies.
The business model is as follows: you deposit 1 dollar to Tether → it issues 1 USDT to you → then takes your money to buy U.S. Treasury bonds → you hold USDT without earning a penny in interest, Tether takes all the profits.
How long do you think this business can last? This is not a hypothesis; this is the USDT you have in hand.
CZ gave the answer last night: the era of making money while lying down is coming to an end.
| Tether's business model
Tether's profit in 2024 is reported to reach hundreds of millions, which is more profitable than many listed companies.
The business model is as follows: you deposit 1 dollar to Tether → it issues 1 USDT to you → then takes your money to buy U.S. Treasury bonds → you hold USDT without earning a penny in interest, Tether takes all the profits.
The President of the United States sued the BBC yesterday, claiming 10 billion dollars!
Trump sued the BBC yesterday, claiming 10 billion dollars.
What does this concept mean? The BBC's total revenue for the year 2023 was only 6.5 billion dollars. Trump wants them to compensate for a year and a half of income.
As a result, the BBC president and news director resigned, and the documentary was taken down from all platforms.
| What exactly did the BBC do?
On December 15, Trump officially sued the BBC in federal court in Florida.
The cause was a documentary aired by the BBC one week before last year's election (Trump: A Second Chance?).
The BBC's operation:
They spliced together two segments of Trump's speeches from January 6, 2021:
First segment: calling on supporters to march to the Capitol
What does this concept mean? The BBC's total revenue for the year 2023 was only 6.5 billion dollars. Trump wants them to compensate for a year and a half of income.
As a result, the BBC president and news director resigned, and the documentary was taken down from all platforms.
| What exactly did the BBC do?
On December 15, Trump officially sued the BBC in federal court in Florida.
The cause was a documentary aired by the BBC one week before last year's election (Trump: A Second Chance?).
The BBC's operation:
They spliced together two segments of Trump's speeches from January 6, 2021:
First segment: calling on supporters to march to the Capitol
Computing power plummeted by 17%, why does it feel like BTC is safer?
Recently, a major event occurred in Xinjiang.
The overall network computing power plummeted by 8% overnight and dropped by 17% in a week. 400,000 mining machines just stopped.
What surprised me even more was that after China completely banned mining in 2021, China's computing power quietly returned to the third place in the world, accounting for 14%.
It wasn't until I saw the F2pool data that I realized: this time it wasn't an accidental power outage, but a premeditated cleanup operation.
| A 17% drop in a week, an 8% drop in a single day
On December 13, Kong Jianping posted on social media: Bitcoin mining sites in Xinjiang are gradually shutting down.
At that time, no one was sure about the scale. Until today, he spoke again: the computing power dropped by 100E yesterday, down by 8%, and based on an average of 250T, at least 400,000 machines were shut down.
The overall network computing power plummeted by 8% overnight and dropped by 17% in a week. 400,000 mining machines just stopped.
What surprised me even more was that after China completely banned mining in 2021, China's computing power quietly returned to the third place in the world, accounting for 14%.
It wasn't until I saw the F2pool data that I realized: this time it wasn't an accidental power outage, but a premeditated cleanup operation.
| A 17% drop in a week, an 8% drop in a single day
On December 13, Kong Jianping posted on social media: Bitcoin mining sites in Xinjiang are gradually shutting down.
At that time, no one was sure about the scale. Until today, he spoke again: the computing power dropped by 100E yesterday, down by 8%, and based on an average of 250T, at least 400,000 machines were shut down.
$ETH surged 10% today, shooting from 3000 to 3400, and the whole network is shouting 'bottom fishing, bull return.'
But I saw someone's operation that took my breath away.
3308 million USD, fully long $ETH .
This person is the brother of the gang.
Today, he is back again, and this time, he brought two mysterious whales, totaling over 70 million USD, all betting on ETH.
I want to know: what exactly did he see?
| The brief history of the brother's 'money sending'
Timeline review:
- November 21: liquidated 22 times in 24 hours, lost 1.05 million USD.
- December 1: ETH long position liquidated again, loss of 1.11 million USD.
- December 10: increased position again, long on ETH, with a position value of 3308 million USD.
3308 million USD, fully long $ETH .
This person is the brother of the gang.
Today, he is back again, and this time, he brought two mysterious whales, totaling over 70 million USD, all betting on ETH.
I want to know: what exactly did he see?
| The brief history of the brother's 'money sending'
Timeline review:
- November 21: liquidated 22 times in 24 hours, lost 1.05 million USD.
- December 1: ETH long position liquidated again, loss of 1.11 million USD.
- December 10: increased position again, long on ETH, with a position value of 3308 million USD.
Owes Xu Mingxing $135 million for 7 years, today he went public with a fortune of 300 billion.
Owes Xu Mingxing $135 million, hasn't paid back for 7 years.
On December 5th, this person went public on the A-share market, with a fortune of 300 billion.
He is Li Feng, the founder of 'China's version of Nvidia', Moore Threads.
He is also the person who, in 2017, along with Li Xiaolai and Xue Manzi, engaged in the 'Malle Go Coin' ICO to make a profit.
Let me tell you this magical story.
| 300 billion 'Chinese Nvidia', the founder is an old hand in the cryptocurrency circle.
On December 5th, Moore Threads was listed on the Sci-Tech Innovation Board:
- Opening price 650 yuan, surged 468.78%
- Total market value exceeded 305.5 billion yuan
- Investors who won the lottery gained 267,000 yuan per ticket
Moore Threads is known as 'the first domestic GPU stock', benchmarking Nvidia, focusing on AI chips.
On December 5th, this person went public on the A-share market, with a fortune of 300 billion.
He is Li Feng, the founder of 'China's version of Nvidia', Moore Threads.
He is also the person who, in 2017, along with Li Xiaolai and Xue Manzi, engaged in the 'Malle Go Coin' ICO to make a profit.
Let me tell you this magical story.
| 300 billion 'Chinese Nvidia', the founder is an old hand in the cryptocurrency circle.
On December 5th, Moore Threads was listed on the Sci-Tech Innovation Board:
- Opening price 650 yuan, surged 468.78%
- Total market value exceeded 305.5 billion yuan
- Investors who won the lottery gained 267,000 yuan per ticket
Moore Threads is known as 'the first domestic GPU stock', benchmarking Nvidia, focusing on AI chips.
Divorced for 13 years, still can't escape.
Xu Jiayin's ex-wife has $220 million frozen, and 6 billion family dividends are being pursued.
Thought it was safe for 13 years, but in 2025, a ruling from a Hong Kong court locked all global bank accounts.
This time, I have unraveled the legal logic behind the 24 trillion debt liquidation.
Does anyone still think divorce can avoid risks? Let's talk in the comments~👇
Xu Jiayin's ex-wife has $220 million frozen, and 6 billion family dividends are being pursued.
Thought it was safe for 13 years, but in 2025, a ruling from a Hong Kong court locked all global bank accounts.
This time, I have unraveled the legal logic behind the 24 trillion debt liquidation.
Does anyone still think divorce can avoid risks? Let's talk in the comments~👇
The recent market conditions have not been good, and everyone's overall mood is quite pessimistic.
Since there isn't much to see in the market, let's talk today about
housing prices, banks selling houses directly, whether we have hit bottom or are about to enter a phase of accelerated decline?
What do you think?
#web3
Since there isn't much to see in the market, let's talk today about
housing prices, banks selling houses directly, whether we have hit bottom or are about to enter a phase of accelerated decline?
What do you think?
#web3
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