一、币圈要完？
最近很多行业内唱衰区块链的帖子都很火，很多行业外的人都在问我是不是区块链骗局结束了？圈内的在问是不是行业没搞头了？我们走到了周期的哪个阶段？对比好新闻，坏新闻更容易上头条，坏新闻也更容易获得更多的流量与关注，还有什么比币圈人唱衰币圈更值得嘲笑呢？这些行为与情绪不断传染，裹挟流量愈演愈烈，甚至一些有些OG退休也被放大为“币圈要完”的佐证，一些行业坚定的理想主义玩家也会和我聊天中透露出焦虑和迷茫。
其实焦虑的不只是币圈。我们生活在这个世界所以离不开环境、离不开水和空气，而投资市场是不是活跃则离不开经济周期，经济上行还是下行会决定大众的预算分配到哪里，作为一个普通人吃饱穿暖才会考虑投资，所以每次美联储的消息对币圈资深玩家来说就是市场走向的指挥棒，尤其是在币圈整体市场规模不断扩大，大型金融机构玩家的参与行业，区块链行业逐步趋于成熟，尤其在BTC和ETH的ETF获批后，作为投资品类中的一个“可配置资产”，币市和股市已经成为一体两面。
事后诸葛亮一下：过去十年，币圈发生了什么变化？我曾经把币圈比作狂野西部，那么早期涌入这个行业的人就是早期的西部掘金者，在经济上行周期里，一点点的资金溢出到币圈，也可以让币圈有几何倍的增长，而区块链行业野蛮生长的行业早期，只要敢梭哈，百倍千倍币也并不鲜见，这是早期利基市场及宏观经济的双重加持，在这样的环境里，今天这把梭哈错了，明天梭对一次就回来了。但随着时间的推移，经济进入另外一个循环，全世界消费降级，更多的玩家加入掘金队伍，挥着铲子的掘金玩家不断升级装备，而传统市场一级二级的专业玩家越来越多，每一个人都都会觉得“币圈不如之前好赚钱了”。
从比特币一遍又一遍被无数的人称为“旁氏骗局”，在主流圈层无数次口诛笔伐中走到比特币、以太坊的ETF获批，当然是了不起的胜利，同时我们可以看到传统金融在加密币的关联产品交易规模在稳定扩大，比如：CME和ETF的交易量。是的，大的来了，但来的方式跟大家想象中资本无脑接盘的方式不一样。就像互联网改变出版业，改变电视行业一样，不是一夜之间，而是润物细无声，带来的不只是比特币的上涨。
二、币安躺平了吗？
我们是风口的猪，踩中时代的脉搏，和用户站在一起才走到今天的币安。我们希望区块链行业不是小众玩家的游乐场，我们希望未来币安能服务十亿用户，我们希望能成为未来世界的基础设施，我们一直在为这个目标努力。当我们想要推动区块链行业的大规模采用时，当我们希望满足大部分人需求时，当我们需要保护绝大多数用户的权益与资产安全时，意味着我们需要在和理想和现实之间寻求平衡点。币安不是孩子了，所以我们需要和世界和解，需要合规、需要反洗钱，需要遵循传统金融行业已有的规则。历史总是在重复，互联网早期出现了无数的技术创新，而拐点是服务大部分人的公司成为今天的互联网巨头，而互联网早期的绝对自由主义最终的走向了暗网。
我们没有办法预测未来，所以只能以史为鉴，产品需要能服务大多数人才有可能成为未来世界的金融基建，币安的产品起于交易，而不止于交易，你会看到Earn、广场、pay、web3钱包的出现。我们希望去尝试，去摸索怎么样可以带跨越鸿沟，真正让区块链技术大众化，让普通人可以用区块链，而不仅仅是炒区块链，他们可以不知道什么是区块链技术，但受益于区块链，就像你的奶奶不懂互联网技术，但可以享受手机带来的便利。泡沫会破，而那些真正解决用户需求的产品会改变世界，会创造历史。

三、你的币上币安了吗？
社区这几天对币安上币的讨论很激烈，我们很认真看了大家的意见，无论过去认为币安上VC投资的币是背弃社区，还是觉得币安上MEME币是降低了上币标准，或者评判币安上TG游戏项目都是胡来，批判都是工作室玩家，包括老鼠仓的传闻也有介入调查，我们都有关注，并且不断在反思，“爱之深、责之切”，不在乎的人不会在你身上花时间。币安靠用户走到今天，每一个用户的意见都会重视，我试着解释一下人人喊打的上币基本框架和流程：
币安上币由商务、研究组、委员会、合规审核四个环节构成。
我大致总结一下，历届委员会留存的审美偏好，大致可以分为：
1）上用户需要的项目，有用户、有流量的项目，在过去的两个周期，我们上币有很多的错过，早期我们确实对MEMEcoin不够重视，所以在Shib、PEOPLE、PEPE，甚至最近的这些MEME项目上，都比较后知后觉涨很高了才上，以致于脸都被打肿了，这里的经验和教训是币安作为交易平台，不能自己觉得好，要用户觉得好。
在大小neiro之争上，也是因为社区的批评，我们更多在反思什么是好的MEME，如果MEME社区的本质是另外一场“反华尔街运动”，那代币高度集中，价格已经被Pump吹起来的，泡沫不知道什么时候破的MEME还是MEME吗？还是穿着MEME外衣的旁氏？所以上了几个相对代币分散的项目，且市值不高的MEME项目，初期筛选的项目十多个，很多都倒在了合规审核和代币集中程度上。
2）上活得久的项目；在上两个周期开始，一些传统VC开始大举进军币圈，频繁出手且大方慷慨，随后大家发现行业里稍微有点样子的项目都水涨船高，项目方在VC端拿到数亿甚至数十亿美金的估值后，手里有大笔的钱可以试错、调整方向，Matic那种低估值卖币的基建项目盛况一去不返，手里有大笔现金，谁还愿意以千万美金卖自己的币？决定他们代币价格的不是币安，是代币模型、流通量、买盘、卖盘，这些顶级团队的高估值项目身边自有大批的MM愿意为他们出谋划策来维持高市值，也自有大批交易所趋之若鹜，尤其是AMM带来DEX崛起，没有交易平台也不是不行。但不可否认，在其他项目起起落落时，他们活得久，且有更多机会。
很多人会说，这说明币安在失去话语权，是的，当然没有绝对的话语权，这恰恰是行业去中心化的特点，是金融专业玩家和DEFI崛起共同作用的结果，而这两者都是把行业带入下一个台阶的关键，如果没有资本的介入，加密货币怎么会成为美国大选的热门话题，去中心化，没有绝对的权威，这不正是这个行业的魅力所在吗？
3）上有商业逻辑扎实的项目，在过去的十年，经常听到一个言论：“币圈项目不需要商业模型，一有商业模型估值就可计算了”。但我认为无论Web2还是Web3，创业的本质是创造这个世界需要的东西，自然有人会为他付费，无论客户是B端，还是C端，融资的方式会变，但创业的本质不会变。从2017年的热潮开始，我一直在传达一个理念：发币是终身责任，是用长期信誉做担保，社区给你支持，但你的责任也更大，如果发完币直接抛售退休，那么一个人的信誉破产才是真正的破产。
因为我们喜欢那些有扎实的商业模型，有收入的项目，我们希望有这个团队靠谱，他们有创业的潜力，能承担起责任，我们还希望你估值不要太高，能照顾社区共同成长，我们希望你能赋能代币，因为如果你和用户站在一起，你的用户就会和你站在一起，如果哪个项目符合这些标准欢迎联系我们，或者在这个帖子下留言，或站内的公开申请链接填写信息。
官方商务TG联系方式：@BResearchBD
在上币流程和内幕交易的防范上，币安作为一个系统，我们考虑了所有的环节隔离信息，就像外界说的币安上币团队血洗了好几轮，目前币安做上币研究的人并不谈商务，谈商务条款并不知道什么项目进入观察池，每个人都只知道自己负责的项目进展，哪怕过了IC投票，这些项目也需要通过严格的受合规审核限制，随时可能取消。
按照交易所合规要求，所有币安员工都需要完成相关强制性合规培训。同时，币安内部还有独立的审计团队专门调查此类违规事件，若经查证存在信息泄露或内幕交易嫌疑，币安将立即启动司法程序将相关人员移送司法机关，严重者将面临刑事责任。
我们可以建立规则来约束人，但也不排除有现在的制度或者系统还有信息盲区，因此我们发布高额悬赏：欢迎所有知道任何涉及上币及其他贪腐行为的举报，或其他任何我们盲区的“上币观测指标”，如核实币安团队核实，我们将在保密你的身份同时，为您提供奖励1万美金～5百万美金的安全漏洞奖金；举报邮箱：audit@binance.com

四、如果我们意见不一样，那可能你是对的
过去的几个月，我很少发社交媒体信息，读书越多越觉得自己无知，对世界越发充满敬畏之心。我们都只是时代洪流的一粒沙，各种因缘巧合被卷到浪头，今天我所获得的一切，都是时代的产物，是全球化带来的经济高速发展，是在互联网崛起的信息扁平，是区块链行业从无到有的机遇，并不是因为我自己多天赋异禀，不过是行业早期“时无英雄 使竖子成名。”这意味着：“我不一定是对的”，因为按照前面说的上币的逻辑，比特币今天诞生，也不一定能通过IC，我不经意的一句话，不完整、不准确的表达可能会对社区带来不必要的误解与过度解读，所以越来越缺乏表达欲，偶尔看到一些误解，还是会试着解释，处处越描越黑。
每个人能看到的世界并不相通，我们可能是不同平行时空的交集，如果我的话对你有一点触动，可能走向的一个区块链行业更好的位面，如果我的话能让投资者DYOR，能让创业者愿意沉下来往前走，那我深感荣幸，每个人都只能看到自己的未来，你相信什么，就会构建什么，我们会去持续探索未来，就像刚刚进入这个行业的第一天一样，感谢你的同行。
ps：配图来自社区，感谢社区创作者❤️

Today we are pleased to inform you that we’ve reached resolutions with the U.S. Department of Justice, Commodity Futures Trading Commission, the Office of Foreign Assets Control, and the Financial Crimes Enforcement Network related to their investigations into historical registration, compliance, and sanctions issues. These resolutions acknowledge our company’s responsibility for historical, criminal compliance violations, and allow our company to turn the page on a challenging yet transformative chapter of learning and growth. With the compliance and governance enhancements enshrined in our commitments, we can begin to share our vision for Binance’s exciting future and the future of the crypto industry. We are confident that Binance will emerge as a stronger company as we lay the foundation for the next 50 years.While Binance is not perfect, it has strived to protect users since its early days as a small startup and has made tremendous efforts to invest in security and compliance. However, when Binance first launched, it did not have compliance controls adequate for the company that it was quickly becoming, and it should have. Binance grew at an extremely fast pace globally, in a new and evolving industry that was in the early stages of regulation, and Binance made misguided decisions along the way. Today, Binance takes responsibility for this past chapter. Over the past two years, we have worked hard to restructure our organization and personnel and upgrade our systems. We have new leadership in place with deep compliance experience and impressive backgrounds ranging from top traditional financial institutions and leading tech companies, to law enforcement and major corporate entities. It is through this process that we have become a stronger, safer, and even more secure platform for our users.Equally important, we have never faltered in upholding our core values of user security and safety. We take our responsibility as a custodian very seriously and maintain 1:1 backing for every user asset.*  This means that users can withdraw 100 percent of their assets from the platform at any time. Of note, in our resolutions with the U.S. agencies they:do not allege that Binance misappropriated any user funds, anddo not allege that Binance engaged in any market manipulation. Our deep bench of global leaders has positioned Binance for long-term growth. Our business is focused on protecting our users and building a platform for decades to come. This focus and experience bring added resilience so we can continue to operate on behalf of our users not just for the next five years, but for the next fifty years or more. And our former CEO remains Binance’s majority shareholder and a resource available for consultation on historical areas of our business.Positioning ourselves for the next fifty years means understanding crypto’s current challenges and working to develop industry-leading standards to address them, including in the areas of compliance, security, cooperation with law enforcement, and user transparency. As a result of these updates and work with global regulators, Binance is a much stronger company today than it was in the past. We have learned valuable lessons that are applicable across the industry in support of crypto users. We acknowledge that alongside compliance, transparency is essential to rebuilding industry confidence amid challenging market conditions and industry mismanagement. Learning from our own past, we are proud to usher in some of the most significant investments in compliance, security, and transparency of any company in our industry.Leadership ChangeEffective immediately, Richard Teng, Binance’s now-former Global Head of Regional Markets, succeeds CZ as CEO. Richard is a highly qualified leader and, with over three decades of financial services and regulatory experience, he will navigate the company through its next period of growth. Prior to joining Binance, Richard was the CEO of the Financial Services Regulatory Authority at Abu Dhabi Global Market; the Chief Regulatory Officer of the Singapore Exchange (SGX), and the Director of Corporate Finance in the Monetary Authority of Singapore.Compliance and SecurityBinance has been systematically working to restructure our organization and personnel, upgrade our systems, and establish a new industry standard in compliance. For example, we have updated and expanded our in-house anti-money laundering (“AML”) detection and analytics capabilities. Binance’s AML compliance is now an industry standard, and Binance continues to make improvements to its comprehensive AML policies. Binance also plays a significant leadership role in helping law enforcement combat cyber and financial crime and terrorism. Binance was one of the first major exchanges outside of the United States to require mandatory KYC procedures for all users. Today, potential users (none of whom may be a U.S. person) must provide valid identification and submit a “selfie” photograph, which Binance checks against their identification with the support of world-class vendors. Binance also conducts searches via World-Check to identify, for example, any criminal history, connection to terrorism, placement on Politically Exposed (“PEP”) lists, and sanctions watch lists. Binance also utilizes both real-time and post-transaction monitoring tools to detect and stop suspicious transactions. In recent years, Binance has invested tremendous resources to enhance its compliance program. Today, Binance has new leadership in place with deep compliance backgrounds overseeing a team of hundreds of compliance-supporting personnel, including over 60 personnel with prior law enforcement or regulatory agency experience and more than 200 personnel with professional certificates in compliance, including Certified AML Specialists. In addition to the core compliance team, Binance employs hundreds of dedicated operational, product, and tech employees who support the development and execution of the company’s compliance programs. Binance takes sanctions compliance seriously and has a standalone sanctions team which ensures that the organization diligently complies with global sanctions rules. Binance has also dedicated substantial resources and efforts to sanctions compliance. Today, in addition to KYC and IP blocking, Binance uses advanced third-party tools to voluntarily implement controls and restrictions related to sanctions laws of countries including the United States, including conducting real-time on-chain sanctions transaction monitoring and screening. Law Enforcement CooperationBinance also employs multiple teams that regularly engage with law enforcement agencies and officials, which are collectively staffed with over 70 members. Binance has uncovered and proactively assisted law enforcement in addressing national security-related issues in countries across the world, including the United States. Moreover, from January 1 to November 13, 2023, Binance processed over 52,700 law enforcement requests, serving 12,699 registered law enforcement officers worldwide through its Government Law Enforcement Request System. This is in addition to over 50,000 requests that the team at Binance processed in 2022.Binance proactively shares knowledge with law enforcement. In 2022, Binance conducted and participated in over 70 workshops training law enforcement on countering cyber- and financial crime across the world. Building on these efforts, in September 2022, Binance announced a formal Global Law Enforcement Training Program designed to help law enforcement detect and combat financial and cybercrimes.In 2023, our dedicated Law Enforcement Training Team, together with support from our Investigations Team, delivered 120 onsite or online trainings and workshops that invariably received a very positive response from the law enforcement community.Binance is pleased to be one of the most significant global partners for law enforcement in its fight to combat illicit financial activity around the world.Commitment to TransparencyBinance carefully safeguards its customers’ assets.  Users can always withdraw 100 percent of their assets from the platform at any time. As part of its commitment to transparency, Binance has shared its cold and hot wallet addresses, as well as published Merkle tree proof of reserves and proof of collateral for B-Tokens. Binance has also established user security measures including the Margin Insurance Fund to protect users from losses when their cross/isolated margin equity is less than zero or when a user is unable to repay their debts. Binance is one of the first cryptocurrency exchanges with a secure fund — known as the Secure Asset Fund for Users (“SAFU”) — to safeguard users in extreme cases. Binance has publicized the wallet addresses for SAFU.Binance pairs its security measures with education initiatives to allow users to protect themselves and better understand the cryptocurrency ecosystem. As part of its commitment to advancing cryptocurrency education for all, Binance has made publicly available on Binance Academy more than 430 articles, as well as glossary entries and in-depth courses relating to cryptocurrency in 30 languages; collaborated with more than 70 universities across 25 countries to deliver cryptocurrency and Web3 knowledge; and collaborated with local partners to launch an anti-scam campaign to empower users to identify and avoid scammers.The Future of CryptocurrencyWe strongly believe that the crypto industry and Binance have a bright future. We have built a community and an ecosystem that empowers individuals to harness the power of blockchain technology to unlock opportunities for their families, communities, and economies around the world, and we are committed to ensuring that the transformative power of these technologies is experienced by more people worldwide.*Note: Assets held in Earn accounts are sometimes backed by collateral in a different token than what was invested, although this should not impact Binance’s ability to honor redemptions 1:1.