Myth无仙

CZ @cz_binance Binance Square English AMA Live Summary

1. Market FUD Clarification
- The drop on October 10 was not caused by Binance; it was triggered by the tariff announcement, leading to panic and high trading volumes across all platforms.
- Binance cannot manipulate or crash the market (BTC has a market value of 2 trillion + compliant regulation).
- Forbes' estimate of 90 billion is just that, an estimate; CZ has not sold a large amount of coins and does not plan to hold fiat currency.
- Minor system delays have been fully compensated to users.
- The main sources of FUD are competitors' hired armies, those who shift the blame for losses, and people seeking more compensation, which ironically helps increase the platform's exposure.

2. Product Positioning
- Alpha is not a traditional listing; it is a DeFi entry point where users do their own research (DYOR), and Binance does not guarantee project performance (similar to Nasdaq).
- Meme Rush aims to selectively prevent scams, but there have been execution issues that are currently being optimized and iterated.

3. Investment Attitude
- Confidence in the super cycle has clearly cooled, and volatility will be significant; everything is uncertain.
- CZ himself only holds BTC, BNB, and a small amount of Aster, being very conservative.
- Do not follow the crowd; each person's risk is different, and you are responsible for your own decisions.

4. Other Responses
- BTC has better technical/currency attributes than gold, but the gold market is 10 times larger and more widely accepted; BTC will require time for adoption.
- AI will fundamentally change trading, research, and customer service in the future, but retail investors will find it difficult to win against professional teams with high-frequency AI trading.
- Binance has 100% reserves + proof of reserves + cold wallets that can be verified; in 2022, it withstood a single-day withdrawal pressure of 7 billion.

One-sentence Summary
Much of the FUD is misunderstanding; Binance has no issues. CZ repeatedly emphasizes: take responsibility for your own buying and selling decisions, and cautious operation is the most important.
The biggest winner is the one mentioned again: $ASTER
#CZ币安广场AMA

Today, social media is filled with criticisms of CZ and Binance. The damage caused by the aftershocks of the black swan event on 10-11 is very significant, and it will take some time to recover. BNB should pump or continue to pump, zama Alpha is again a big U with #Zama
$BNB

After missing the bonus period of Binance Alpha, how to earn 13,000u in one and a half months with less than 20u by grinding hard

From August to November last year, as long as you dared to create multiple accounts on Binance, you could basically make money. You could invite your family members and friends to register on Binance, and it was basically risk-free to earn 100,000 per month.

The problem is that after December, after experiencing the massive crash in October and November, which led to insufficient market liquidity, more and more alphas went online and crashed, even dropping below 20u, leading to a reverse trend. At this point, I knew it was time to stop with Alpha and cancel the multiple account plan.

So I started researching other ways to make money. In mid-November, the MMO mobile game Tower of Eternity 2 launched. I searched for guides on YouTube while studying the grinding points.

Relying purely on grinding is really intense. If it weren't for the motivation to make money pushing me to persist, I feel like I wouldn't have been able to keep going.

I leveled up to 45 in one day, then ran various dungeon quests to collect feathers, increasing my combat power and farming Kina. I spent 16u to activate the Ancient Tree membership, then farmed dungeons daily for equipment materials to sell. With a single character, I could earn over 10 million Kina each day, and at this time the exchange rate was 10 million Kina for over 100u (the exchange rate later decreased).

Then I started creating multiple accounts with multiple characters. One account had 6 characters, and I grinded a total of 2 accounts, which gave me 12 characters in total. The daily Kina output was stable at over 100 million, and it took about an hour to finish grinding on one account, grinding intensely for 12 hours a day. Later, due to restrictions on the floor price of gold, my income decreased, and the daily output dropped to 60 million Kina. Moreover, the exchange rate also decreased.

In summary, I started grinding in mid-November and earned 13,000u after one and a half months, right after New Year's Day. (At that time, I didn’t know that the gold price in the Korean server was higher, as I was playing on the Taiwan server; otherwise, I would have made a killing.)

My fans followed suit, grinding for 3 hours every day after work. In the early stages when the exchange rate was high, I earned 200u a day, but later it dropped to only 10-20u a day.

Are there many such opportunities? Actually, there are 2-3 times every year. Since this game is a mobile game, it can be played on both mobile and computer. As long as you have time to grind, you can achieve decent returns. Even if you don’t know how to play the game, you can do tasks or collect feathers. These tasks don’t require much skill, and the earnings for six hours are only about 50u, which converts to 350-500 RMB (commonly known as black slaves).

$BTC

Trump's shocking revelation, Bitcoin is about to break its historical high
If there is one person who can influence market trends, it must be Trump.

Last year's tariffs and the China-U.S. trade war caused Bitcoin to drop from 109,000 to 74,000, leading many to believe it would fall to 50,000 and enter a bear market, when that man appeared.
In April, Trump first stated, "Now is a good time to buy at the bottom," and a few hours later announced that tariffs would be delayed for ninety days. Bitcoin immediately rebounded from 74,000 to 120,000, breaking its historical high, and other tokens followed suit, with ETH, BNB, and XRP also breaking their historical highs.

This time, Trump openly stated at the Davos summit that the current decline in U.S. stocks is just a minor issue; they will soon rise again, even doubling on good news. He will make America the capital of cryptocurrency, and American citizens will achieve financial freedom because of Bitcoin. The new Chair of the Federal Reserve will support my work.

In just a few sentences, he revealed the future market trend:
First, the good news is likely that international tensions will ease, and risk assets will attract funds.
Secondly, policies such as the transparent cryptocurrency legislation will accelerate, stimulating capital to enter cryptocurrency and buy Bitcoin.
Finally, the ace in the hole, the Federal Reserve Chair candidate will cooperate with Trump's significant interest rate cuts, promoting liquidity and injecting large amounts of capital into the global financial market.

Trump is a qualified capitalist; following him is not a mistake. I believe Bitcoin will soon violently rebound, breaking the four-year cycle, allowing Bitcoin holders to achieve financial freedom. What do you think, do you trust Trump? $BTC $ETH $BNB

Is the cryptocurrency market just a war of words?

Last year, second and third-tier exchanges crazily launched tokens during the MEME season, which not only attracted new users to the blockchain but also allowed them to obtain valuable token shares (listing fees). In response, Binance introduced Alpha to compete for the trading volume of these tokens, with Alpha airdrops + expectations of spot listings on the Binance main site + contract expectations, directly squeezing the survival space of second and third-tier exchanges to a low point.

In order to survive, second and third-tier exchanges adopted several countermeasures, with a few particularly useful operations:

First, creating and selling Alpha brush tools, prompting a surge in Alpha studios, affecting normal user experience and discouraging retail investors.

Second, organizing project parties to connect with Alpha for listings and then harvesting Alpha projects. This approach takes a longer time to consume, but once relationships are established, projects can buy tens of thousands of Twitter followers, allowing projects with no users to quickly list on Alpha, accelerating the harvesting of Binance users by Alpha.

Third, manipulating Alpha projects, such as controlling them to harvest with stablecoins or through contracts.

Of course, the above operations do not cause significant harm to Binance Alpha, as Binance has corresponding solutions for various situations, such as catching studios and offering rewards for reports, leading to those who create scripts reporting studios themselves.

In a family, to destroy a powerful patriarch competitor, one must spoil them, indulge them, clean up after their mistakes, and encourage them; this way, they become wasteful and grow into a prodigal.

Business wars are often unarmed battles, with retail investors suffering the most and becoming pawns in the sacrifice.

Finally, insult Binance for sending benefits #ALpha

The four-year cycle has been broken, and the next opportunity for wealth is in the [Transparency Act]

In this round of the four-year cycle, most altcoins did not surge as they have in the past, following Bitcoin's breakthrough to new highs. This has led to many people holding large amounts of altcoins without earning profits or even incurring losses in this bull market.

Ultimately, it comes down to not understanding the development trends and core of the cryptocurrency market. The main driver of this bull market is the influx of capital from Wall Street, which focuses on large-cap coins with lower risks. Aside from BTC, ETH, SOL, BNB, XRP, and others have all reached historical new highs. The capital source being Wall Street capitalists, their focus is on low-risk and large-cap coins, which is the core of this bull market.

So what should drive the core of the next bull market?

Bitcoin: National-level funds of sovereign states (store of value)
Ethereum and SOL: The popularization of stablecoins and the expansion of RWA (Transparency + Smart Network)
BNB: The fundamental base is still the Binance exchange (whether it can diversify its development)

Most DEXs and meme coin launch platforms will go bankrupt; most people are averse to venture capital, feel insecure about DEX hacks, and are disgusted by the various zeroing effects of meme coins. Improved regulation will also suppress these two sectors.

On-chain stocks and prediction markets will become the detonators of the next bull market, while the AI sector will run through any time period in the future of the cryptocurrency market.

The anonymous sector will continue to capture more market value due to improved regulation, becoming a funding turnover tool for various gray industries.

#比特币2026年价格预测 #Cryptocurrency Market Observation

Don't miss out! In addition to the Binance Alpha airdrop, SPK also offers more opportunities to earn for free.

Since its launch in August 2023, the Spark project has developed over nearly two years and officially issued its tokens today.
For a project that has been building in the crypto space for nearly two years, Spark cannot simply be criticized as a 'PUA'. Its USDC annual yield is quite high and can be seen as a financial product, while the airdrop feels more like an additional reward.

Unfortunately, the first phase of the airdrop completed its snapshot on April 15, and many people missed the opportunity when they learned about Spark through Cookie DAO at the end of April. I hope everyone can achieve satisfactory returns in the second phase of the airdrop.

Today, Spark tokens are simultaneously listed on exchanges such as Binance, OKX, Bybit, KuCoin, Gate, Bitget, and Bithumb, while Coinbase International supports perpetual contract trading for SPK.

Currently, the price of SPK is about $0.057, with a circulating market cap of $98 million and a total market cap of $578 million. For a DeFi project with a total locked value (TVL) of $6.5 billion, its valuation is relatively low. However, Spark's profit last year was only about $1 million; even if this year's profit increases fivefold, the price-to-earnings ratio is still as high as 100 times, which is high for project valuation.

Nevertheless, the strength of the project team is evident. On the first day of listing, all major exchanges except Upbit have listed SPK, and the price has significant speculative potential.

For retail investors, a conservative strategy is to accumulate points by storing $ETH $BTC on the Spark platform to aim for the $SPK airdrop, or participate in community activities on Cookie DAO; an aggressive strategy is to directly purchase SPK tokens and wait for the price to rise.

The Binance Alpha airdropped 2,000 SPK tokens, worth about $120, seemingly trying to win back those community members who were ready to 'resign'. However, I have already made up my mind to exit; what about you?

Today I saw many people asking me why the ZKJ chain has risen back to 1.2 USD, while the Binance contract is only 0.4 USD. The real reason is due to OKX and Bybit. The ZKJ traded on OKX and Bybit is on the ETH chain, while the ZKJ on Binance Alpha is on the BSC chain. If these two tokens cannot cross-chain, it is equivalent to two standalone tokens. Currently, the price of ZKJ on the ETH chain is around 0.4 USD, while BSC has already returned to 1.2 USD. The Binance contract is based on the ZKJ from the ETH chain. It is worth mentioning that the ZKJ on the ETH chain can currently be transferred to the BSC chain; however, the pool depth is shallow, and the price slippage is approximately the price difference multiplier between BSC and ETH chains. Therefore, arbitrage through on-chain trading is currently not feasible. The only arbitrage that can be done is to profit from the price difference between OKX's spot and the Binance contract.
#ZKJ

This wave of brushing Alpha is really lucky. I didn't brush again when it dropped; otherwise, I would have lost a lot. Later, when I brushed again, it was likely to be small single transactions. Today, I paused two airdrop accounts that I received. After the project team misbehaved, the difficulty will increase in the future. I hope everyone is okay and hasn't been cut.
zkj and koge plummeted 80% in a single day, killing like crazy, it's terrifying.
#ZKJ #KOGEtoken

Yesterday, I was lucky not to claim the 250 points, today I claimed 235 points, I might only be able to claim once this round. The SGC and Roam points are not enough, but luckily this morning after eight, I claimed Pundiai, and the points were not deducted. I was able to claim SGC and Roam as well. Originally I could only claim one, now I can claim three by waiting a day. Is it you who are foolish or me? If this time difference for not deducting points is not a bug, then what is it? Tell me loudly.

Binance Alpha faces an epic crisis bug, receiving does not deduct points, leading to early exploitation of the system. The Binance Alpha planning team needs to face the consequences @cz_binance @heyibinance @binancezh

Let’s discuss in detail

Yesterday, I had 255 points, did not claim PUNDIAI, and this morning after 8 AM Beijing time I claimed it. After the 8 AM snapshot, my score was still 255 points, earning 2+15 each day. Then after participating in the SGC TGE in the afternoon, my score remained 255 points. After claiming ROAM in the evening, my score was still 255 points.
Normally, claiming an airdrop deducts 15 points, and I can only claim once. Why have I claimed three times without a deduction? It turns out that there is a time difference between the deduction of points and the points snapshot time, as well as the time when the airdrop ends, allowing us to exploit this bug and benefit multiple times.

First, the points snapshot time is 8 AM Beijing time. Before this time, the points earned for the day do not deduct, nor do they add points. Secondly, the project claim time is within 24 hours of the project going live; as long as you claim after 8 AM the next day, your score doesn’t decrease, which likely allows you to benefit from the next day's projects, hence the possibility of multiple benefits.

The Binance Alpha operations planning team has major issues that need improvement, as launching multiple projects in one day without considering this deduction time difference bug has led to the same group of people benefiting from several good projects.
Feedback: If there are rewards, please DM
#zkj #bnb #Roam

The contract should be two hours later than the spot market to prevent retail investors from hedging and selling out, only to see who runs faster.