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

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

In addition to AI Agent, what other tracks are worth investing in
AI Agent is still hot on the chain, and many public chains have expressed that they will focus on supporting AI-related tracks. However, many people have begun to worry whether this will accelerate the end of AI Agent's popularity. Let's take a look at what tracks some traditional institutions have bet on besides AI Agent.

Dragonfly's partners said in an interview that they believe DeFi is still a track that is valued because they are optimistic about the relaxation of the regulatory environment in various countries including the United States. A partner at Pantera Capital said that with the opening of policies, new Layer 1 blockchains including decentralized physical infrastructure networks (DePIN) and supporting more application layer functions will have the opportunity to explode. Galaxy Ventures is optimistic about the growth potential of stablecoins and tokenization. Which track do you think is most worth investing in at present?

The narrative of CKB digital land is once again validated on SilentBerryNFT. As berry buyers, in addition to reading this literary work and earning royalty profits from the issuance mechanism, one NFT (DOB) also amounts to 217 CKB. As of now, berry sales have already locked in over 100,000 CKB. If gold, silver, and bronze are all sold out, it will exceed one million CKB, and this is just the sale of one book. This will be a completely new narrative distinct from ETH, SOL, and others.

What is SilentBerry, it is a decentralized publishing platform based on $CKB. The books utilize CKB's spore/DOB protocol to implement copyright content on the blockchain. The currently published book is Professor Qin's 'Saving Democracy'. From an investment perspective, let’s roughly calculate the profit situation upon purchase. To put it straightforwardly, when gold, silver, and bronze are all sold out, and blueberries have sold 20,000 copies, the holders of gold, silver, and bronze will all realize a profit. In this scenario, the platform has 39,164u, the author has 63,964u, with individual gold profit at 1,182u+, individual silver profit at 43u+, and individual bronze profit at 2u+. For every additional 10,000 copies of blueberries sold, the platform gains 7,000u, the author gains 14,000u, with individual gold profit at 291u+, individual silver profit at 14u+, and individual bronze profit at 8u+. I believe that after reading this, the smart you must have already figured out whether to invest and which one to invest in. Gold, silver, and bronze, the conditions for capital preservation are also very simple. When silver is sold out, gold will realize a small profit, and when bronze is sold out, silver will realize a small profit. As mentioned earlier about bronze, there is a small profit when blueberries sell 20,000 copies.

As of now, gold and silver have sold out, and gold holders broke even and made a profit on the day of the sale, while bronze is still available for sale.

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

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

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

Binance Lists Solv, Counting the Bitcoin Ecosystem

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

29 days left for ckb outbreak

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

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

Be your own god; although it's an advertisement, it resonates with the insights I've accumulated over the years in this circle.

Talent

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

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

We always say that hackers treat the cryptocurrency world as an ATM. Indeed, many major explosions in the cryptocurrency world are inseparable from the shadow of hackers. After many rounds of bull and bear markets, most of the old people in the circle have realized that the chain is as dangerous as a dark forest, and they have begun to pay attention to asset security, such as buying hard wallets to store large assets, not clicking on links at will, and being reluctant to sign and authorize. Logically speaking, project parties as practitioners should be more cautious in terms of security, but there are still people like DEXX who treat user assets as a joke. If DEXX can pay more attention to security, can it escape? The answer is not necessarily. Radiant Capital is a decentralized cross-chain lending protocol based on LayerZero. The project was attacked by hackers and lost about 50 million US dollars. The process of the hacker attack can be said to be carefully designed, one link after another. In the context of most projects in the circle today using remote office collaboration, a developer of Radiant Capital received a Tg message disguised as an outsourced colleague. The message was: There is a new job for smart contract auditing, please help me look at the project report. A compressed file was attached to the message. Since the hacker used a fake website that was very close to the real domain name, the team member did not realize that this was a scam. When he downloaded and unzipped the compressed file, he saw the icon name on the surface, which seemed to be a normal PDF file. Even if he opened the file, he still didn't see any problems. But in fact, this file is an executable malware. Not surprisingly, when the team member solicited feedback from other developers, he shared the file with others. In the end, the hacker used this malware to exploit the hardware wallet blind signature vulnerability to obtain contract permissions and transferred the funds of users' authorized contracts on a large scale. How can we ensure the security of Web3 remote collaboration?

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

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

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

Today I raise a question worth pondering for all $CKB holders and those related to CKB assets such as $SEAL, as well as assets related to the Bitcoin ecosystem:
In this bull market, most of the liquidity of BTC is in the hands of OGs and institutions. How can the Bitcoin L2 concept avoid becoming a pseudo-demand? In other words, under the premise that American capital dominates the market, what path can attract BTC liquidity to this sector?

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

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

$ACT took off immediately after listing on Binance🛫. The whole network is looking for the second ACT. Recently, Binance has listed MEME in the following rules: strong market makers will list contracts first, so that the market makers and retail investors can fight against each other on Binance. Those without strong market makers will list spot products. First, the market value is low and the chips are scattered, which is easy to pull. Second, there are many retail investors. Binance earns users and reputation. If you are optimistic about the Bitcoin ecosystem, you can bet on it. $Seal $CKB