龙腾盛世诚信赢天下

Weekly 1688

Customer service Xiao He $客服小何

April 17, 2026, Xcate launches. $DOGE

The lunch at the Sunsea Lake Manor on April 25, 2026 has been scheduled. Congratulations to everyone for having lunch with Mr. Trump. $TRUMP

Hong Kong stablecoin issuer license $BTC
$BNB

Book Title:
English:
The Freedom of Money
A Memoir of User Protection, Resilience, and the Founding of Binance
Chinese:
The Binance Life
Luck, Resilience, and A Memoir of User Protection@CZ $BNB $币安人生

Gold 4100-4200 Long (XAUUSDT)
Silver 60-65 Long (XAGUSDT) $XAU
$XAG

I'm still involved in Binance life. $BNB
$币安人生

Binance Life

Trump stated that he has engaged in dialogue with Iran and will suspend strikes on its energy facilities for 5 days.
On the 23rd local time, U.S. President Trump posted on the social media platform "Truth Social" that "the United States and Iran have had very good and productive dialogue over the past two days." Trump stated that he has instructed to suspend all military strikes on Iranian power plants and energy infrastructure for five days, provided that the ongoing meetings and discussions are successful. $XAU $XAG $TRUMP

Powell declared war on Trump, dropping 2 heavyweight bombs late at night, the dollar and U.S. stocks faced a double hit, affecting the global financial market. The Federal Reserve's significant meeting finally ended, and unsurprisingly, they continued to hold steady. However, aside from halting interest rate cuts, Powell threw two heavyweight bombs into the dollar capital market, directly triggering a new wave of selling on Wall Street. What kind of 'king bomb' did Powell throw that could make the market shift from 'prepared' to 'collectively vulnerable'? What exactly did Powell say? According to reports from overseas financial media, on the night of March 18, the Federal Reserve announced its latest monetary policy decision, declaring that the dollar interest rate would remain unchanged at 3.5%-3.75%, which was within the expectations of Wall Street traders. What frightened the market was the addition of "the uncertainty of the impact of the Middle East situation on the U.S. economy" in the Federal Reserve's policy statement. What scared U.S. stocks was that among the voting members of the Federal Reserve, only one person remained who voted against this decision. Previously, Waller, who strongly supported Trump's interest rate cut policy, suddenly changed his stance and expressed support for keeping the rate unchanged. After the monetary policy announcement, Federal Reserve Chairman Powell delivered an important speech. The core message was twofold: first, the progress in curbing inflation "is not as significant as previously hoped"; second, if we do not see progress on inflation, we will not lower interest rates. He even stated the plain truth that "some oil price shocks will be reflected in core inflation." The meaning is already very clear: with the ongoing U.S.-Iran war, the Strait of Hormuz is not navigable, and now oil prices have significantly risen in some parts of the U.S. This will directly impact the transportation industry and some chemical industries, and a new wave of inflation is inevitable. Given these remarks, let alone interest rate cuts; future rate hikes are also highly probable. For many years, the market has formed an almost superstitious consensus that as long as the stock market declines severely, the Federal Reserve will not be able to sit idly by, either providing liquidity or cutting rates, they will always come to the rescue. This expectation has acted like a reassurance pill for investors. However, this time it is completely different; no one knows how long the U.S.-Iran war will last, as the decision-making power is clearly not in Trump's hands. $BNB

ETH (Ether, Ethereum) is the native cryptocurrency of the blockchain that launched on July 30, 2015.

- Ethereum: A decentralized, open-source blockchain platform that supports smart contracts (Web3/DeFi/NFT infrastructure).
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- ETH: The platform's 'fuel + universal currency', consistently ranking second in market capitalization among cryptocurrencies (after BTC).

II. Core Uses

1. Payment of Gas fees (core): Transfers, contract deployment, and DApp interactions all require ETH as transaction fees.
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2. Staking (PoS consensus): Locking ETH to become a validator, participating in block production and security maintenance, earning ETH rewards.
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3. Value storage/trading: Global transfers, DeFi collateral, NFT purchases, investment targets.
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4. Ecosystem governance: Participating in DAO voting and protocol upgrade decisions.

III. Key Mechanisms

- Gas: The unit of measurement for network resources, prices increase during congestion.
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- EVM: Ethereum Virtual Machine, executes smart contracts (Solidity language).
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- PoS: Replaced PoW after the merge in 2022, securing safety through staking ETH.
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- Layer2: Scaling solutions like Rollup, reducing costs and increasing efficiency.

IV. Main Ecosystem Scenarios

- DeFi: Lending (Aave), DEX (Uniswap), stablecoins, yield aggregation.
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- NFT: ERC-721/1155 standards, digital collectibles, on-chain game assets.
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- DAO: Decentralized Autonomous Organizations, on-chain voting and fund management.
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- RWA: Tokenization of real-world assets (real estate/bonds) on-chain. $ETH

SOL (Solana)

SOL is the native token of the high-performance public chain Solana, focusing on high TPS and low fees.

🔧 Core Information

- Full Token Name: Solana
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- Symbol: SOL
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- Issuance: Initial 500 million, no fixed upper limit, annual inflation 1.5%-3.5% (rewards for validators)
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- Launch: March 2020
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- Positioning: Layer 1 public chain, targeting the 'Blockchain Internet'

⚡ Technical Highlights

- PoH+PoS Hybrid Consensus: Proof of History (PoH) provides a 'built-in clock' for transactions, significantly speeding up
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- Performance: Theoretical 65,000+ TPS, transaction confirmation in milliseconds, fee ≈ $0.00001
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- Sealevel Parallelism: Multiple contracts processed simultaneously, no congestion

🧩 Three Major Uses of SOL

1. Network Fuel: Payment for transfers, contracts, NFT, and DeFi fees
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2. Staking + Governance: Stake SOL for inflation rewards; voting to decide network upgrades
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3. Ecological Medium: Core for valuation and circulation in the Solana ecosystem (DeFi/NFT/Games)

📌 March 2026 Updates

- March 20: Opening of the Solana Shanghai Developer Station (Alibaba Hongqiao Center)
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- Ecosystem: DoubleZero allocates 2.4 million SOL to incentivize global validators $SOL

BNB Introduction
Full Name: Binance Coin (BNB)
Issue: Issued by Binance Exchange in July 2017, initially ERC-20, now the mainnet is BNB Chain (originally Binance Chain + BSC)
Total Supply: 200 million coins, never to be increased; 20% of quarterly profits used for buyback and destruction, targeting a reduction to 100 million coins
Positioning: Binance ecosystem "hard currency/pass", native fuel of BNB Chain

🔹 Core Uses

- Binance Exchange: Pay fees to enjoy up to 25% discount
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- BNB Chain: Pay on-chain Gas fees, staking, participate in DeFi/NFT/blockchain games
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- Ecosystem Participation: Launchpad/Launchpool new projects, staking mining, community governance
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- Payment Consumption: Usable in certain merchant scenarios, travel, live streaming rewards, etc.

🔹 Key Mechanisms

- Deflationary Destruction: Quarterly buyback and destruction, continuously reducing circulation
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- Consensus: PoSA (Proof of Staked Authority), efficient and low energy consumption
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- Market Value: Consistently ranks among the top in global cryptocurrency market value

🔹 Risk Warning

Cryptocurrency is highly volatile, investing involves risks, and entering the market should be done with caution.
$BNB

Bitcoin (BTC): The world's first decentralized cryptocurrency proposed by Satoshi Nakamoto in 2008 and launched on January 3, 2009, with blockchain as its underlying technology.

- Issued without central banks/government, purely code-based operation
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- A fixed total supply of 21 million coins, with about 20 million mined, expected to be fully mined by 2140
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- Not legal tender, lacks national credit backing, considered a virtual commodity

II. Core Features

- Decentralization: Global nodes collectively maintain it, no single entity controls it
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- Immutability: Transactions cannot be modified/deleted once recorded on the blockchain
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- Anonymity: Uses addresses instead of real names, transactions are public and traceable but hard to trace back
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- Global circulation: Cross-border transfers without intermediaries, low fees, and quick processing
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- Scarcity: Fixed total supply, mining rewards halved every 4 years

III. How It Works (Simplified)

1. Transaction: Users initiate transfers by signing with their private keys, broadcasting to the entire network
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2. Accounting: Miners compete to package transactions into blocks, receiving block rewards plus transaction fees
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3. On-chain: Blocks link to form a chain, transactions become irreversible after 6 confirmations
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4. Storage: Manage addresses and private keys using wallets (software/hardware)

IV. Main Uses

- Cross-border transfers: Bypass banks, low cost, and fast
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- Store of value: Viewed as digital gold, hedging against inflation and fiat currency devaluation
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- Speculative trading: High volatility, high risk, and high returns
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- Countries like El Salvador: Have made it legal tender

V. Regulation (Important)

- Clarification: Bitcoin is not currency, does not have legal tender status, and cannot circulate
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- Prohibition: Token issuance financing (ICO), virtual currency exchanges, mining
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- Reminder: Cryptocurrency trading is not protected by law, risks are borne by the individual

VI. Latest Market (2026-03-11)

- Price: ≈ $71,500 / ¥492,800 (+3.35%)
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- Total Market Cap: ≈ ¥10.35 trillion
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- All-time High: ≈ ¥869,200

VII. Risk Reminder

- Price volatility is extreme, may plummet suddenly
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- Losing private keys = permanent loss of assets, no recovery channels
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- Regulatory policies are variable, compliance risks exist
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- Can be used for money laundering, fraud, and other illegal activities

$BTC
$BNB

On the evening of March 6, cryptocurrencies collectively fell, with Bitcoin dropping over 5% to below $69,000, Ethereum, Solana, and HYPE dropping over 6%, and Dogecoin dropping over 4%. In the last 24 hours, more than 100,000 people globally were liquidated, with a total liquidation amount of $366 million.

As a result, U.S. stocks related to cryptocurrencies also fell, with Riot Platforms dropping nearly 7%, BMNR dropping over 5%, Strategy dropping nearly 3%, and Coinbase dropping over 2%.
Why, amidst geopolitical conflicts, is Bitcoin not being favored but instead experiencing flash crashes?
Experts analyze that there are multiple factors behind this. Li Ming, a researcher at the Hong Kong Polytechnic University and executive president of the Hong Kong Web3.0 Standardization Association, pointed out to reporters from the 21st Century Business Herald that in emergency situations, some people need to sell Bitcoin to exchange for fiat currency to buy plane tickets or daily necessities; the rise in oil prices has also prompted some groups to sell assets for liquidity. More critically, the high leverage in the derivatives market triggered a 'death spiral,' meaning that once someone sells, the price drop leads to a large number of leveraged positions being liquidated, further intensifying the selling pressure.
Professor Zhao Binghao, director of the Fintech Law Research Institute at China University of Political Science and Law, commented that 'these trends are difficult to explain as traditional 'safe-haven assets'; they resemble typical 'risk assets deleveraging.' ' This means that high-leverage positions are passively liquidated, liquidity stratification leads to a stampede, and funds retreat to cash or short-term debt. Wang Lixin, founder of Carbon Chain Value, made a more direct judgment: 'It has revealed its true nature as a high Beta global liquidity asset.'
On the macro front, on the evening of March 6, according to Xinhua Finance, the U.S. non-farm payrolls adjusted for February decreased by 92,000, significantly lower than expected, with the previous value revised from 130,000 to 126,000.
According to Caixin, after the data was released, traders estimated that the probability of the Federal Reserve cutting interest rates in June has risen to about 50%, up from only 35% before the employment data was released.
$BNB
$ASTER
$币安人生

Tether stops supporting offshore RMB, does it affect those trading cryptocurrencies?
A few days ago, there was news in the cryptocurrency world: Tether announced that it would stop supporting a stablecoin called CNHT. Many people were alarmed upon seeing the news: What? USDT can no longer be exchanged for RMB? Is my coin going to be worthless? Don't worry, it's not as serious as you think. Today, let's clarify this in simple terms.
1 What exactly happened?
On February 21, Tether issued an announcement stating two major things: From now on: No new CNHT will be issued; One year later: Redemption services for CNHT will be stopped (if you have this coin, make sure to exchange it for cash within a year, or it will expire)
It's that simple.
2 What is CNHT? What does it have to do with USDT?
First, let's clarify this concept: CNHT = a stablecoin pegged to the price of offshore RMB (issued by Tether) USDT = a stablecoin pegged to the price of USD (also issued by Tether, commonly known as Tether coin)
Their relationship: It's like Coca-Cola producing two different flavors of drinks — one is the 'original' USDT, and the other is the 'offshore RMB flavor' CNHT.
This time, only the 'offshore RMB flavor' CNHT is being discontinued; the original USDT continues to sell well.
3 What is offshore RMB?
Simply put: Onshore RMB: the RMB we use domestically; the exchange rate is managed by the central bank. Offshore RMB: RMB traded abroad (for example, in Hong Kong or Singapore); the exchange rate is determined by the market. The CNHT stablecoin is pegged to the price of this offshore RMB.
4 What impact does this have on cryptocurrency traders?
For 99% of cryptocurrency traders: No impact.
Do you have Bitcoin or Ethereum? No problem. Do you have USDT? No issue. Do you usually buy and sell coins on exchanges? Still no problem. Only one group of people needs to pay attention: Those who still hold CNHT.
If you unfortunately hold this obscure coin, remember to redeem it within a year; otherwise, it may really become 'air' after expiration.
5 Can USDT still be exchanged for RMB?
We need to distinguish between two concepts: In terms of this event: USDT operates as usual, and CNHT is a separate matter, unaffected. In terms of policies and regulations: As early as February this year, our country's eight departments issued a document. Investment has risks, and entering the market requires caution. $BTC
$BNB

Musk Drops a Bombshell! Plans to Turn 500 Million Users of Platform X into a Cryptocurrency Exchange
Recently, a tweet from Nikita Bier, the product head of Platform X (formerly Twitter), has once again brought Musk's ambition for a 'super app' into the public eye. In this post, which gained a million views, Bier harshly criticized those cryptocurrency applications on the platform that generate spam, malicious flooding, and user harassment through incentive mechanisms. It has also been officially confirmed that X will launch several new features in the coming weeks, including a 'Smart Cash Tag', allowing users to trade stocks and cryptocurrencies directly on the platform.
Currently, Platform X has over 500 million monthly active users, and the trading features it introduces will undoubtedly pose huge competitive pressure on traditional brokers and cryptocurrency exchanges. For retail investors, being able to complete trades while scrolling through tweets undoubtedly lowers the barrier to participating in the financial market. As a result of this good news, Musk's Dogecoin surged nearly 20%.
In recent months, the cryptocurrency ecosystem on Platform X has been undergoing a profound transformation. Previously, a model called InfoFi thrived on the platform, where third-party applications connected to X via API and distributed token rewards based on the number of posts, replies, and retweets by users. This mechanism of earning money through posting quickly gave rise to a large amount of AI-generated junk content, templated replies, and malicious flooding behavior. As Bier stated in the tweet, these applications created incentives for users to send spam, malicious flooding, and harassment to random users, severely damaging the experience of millions of users while benefiting only a few. In a public statement in January, Bier bluntly described this phenomenon as cryptocurrency tweets dying a self-destructive death and announced that X would revise its developer API policy. It completely banned such incentive mechanisms and directly revoked the API access of related applications. This move led to a sharp decline in tokens of several InfoFi projects and sparked huge controversy within the cryptocurrency community regarding X. However, Bier's criticism does not negate the development of cryptocurrencies on X, but aims to clear the obstacles and pave the way for a healthier and more sustainable ecosystem. He clearly stated: I sincerely hope that cryptocurrency becomes popular on X. $BTC
$BNB

Link's interview with He Yi video