When people become gamblers, they will fall into a vicious cycle and will never be happy. Many KOLs who sell their houses and cars and risk everything to make a comeback are either stupid or bad. I really hope there will be fewer and fewer idiots like this, otherwise there will be more and more fools.

Bought some BNB and locked it for 120 days to join the Binance ecosystem $BNB

I remember when I was in college in Shanghai, I often saw some old men in their 50s and 60s talking to themselves in some squares or parks. They looked mentally ill and had been stimulated by something. Later, I asked some local classmates, and they said that most of these people had mental illnesses after losing money in stock trading. Many people only saw the dividends in this round of stock cycle, especially some new investors who never thought that they would lose all their money one day.

In fact, the ultimate destination or ultimate goal of many original bloggers is to make a living. There are very few who can always output without making a profit as a long-term goal. I have never seen it. It is true that the world is just a makeshift team.

The second day of October started with a sharp drop ~

In fact, I think the growth of the DeFi narrative is the most watery. One reason is that it has not shrunk as fast as many old narratives. The other reason is that the head protocols have mastered liquidity and funds. The overall market has not changed much. Everyone is regressing, and you are regressing less, so the overall DeFi narrative ratio has increased. In addition, the TON narrative can be added to this picture #DeFI

The pre-market was previously done in some DeFi markets, especially leveraged points mining is quite popular, represented by platforms such as Pencils Protocol and Pendle. Now Binance has personally stepped in to grab this part of users, which is a start, and more CEXs will enter the market in the future. The good thing is that it connects more people with the pre-market points market, further increasing the liquidity improvement effect of pre-market incentives. Of course, this market will enter an era of involution, which will greatly squeeze the market space of some DeFi in the same track, but it is expected to better force innovation. #binance真的是太牛了

People are fighting for names these days. BinaryX, or BNX, officially announced that it will rebrand and change its name to "Four". However, there have been projects with the brand name Four for a long time. One is the BNB Chain ecosystem meme project $FOUR, and the other is the meme LaunchPad platform four.meme on the BNB Chain (these two projects are both called Four and have a good relationship). Now BinaryX is changing to Four and stealing the name, which has caused extreme dissatisfaction among the latter two communities. $FOUR even publicly tweeted on its X: "BinaryX's behavior is that the centralized conspiracy group is trying to control decentralization. Defeat this evil conspiracy group and fight for freedom, for the people, for decentralization, for CZ, and for $FOUR." This "naming rights" competition has not only attracted much attention, but is also seen as a symbol of the community's fight against VC forces. #Four #BNB #BNBChain再次伟大！

What is coming has finally come. Let's drop 50 points first.

Many people on Twitter are scolding FB. In fact, whether it is FB or Babylon, ordinary players have been gradually squeezed out. In fact, the original intention or narrative of these Layer2 or LRT protocols is to accelerate the adoption of BTC to share the pressure of BTC Layer1, release the value locked by BTCFi, and lay the foundation for the establishment of an application system in the future. But in fact, it has become a war of gas. Those who can afford the gas may not make money, and those who can't afford the gas will definitely be eliminated. #BTC

Since Vitalik’s attitude towards DeFi is actually very subtle, he said before that the DeFi form is unsustainable. He likened it to “Ouroboros”, that is, a state of self-devouring. His denial of DeFi caused an uproar in the community and developers. Not long ago, he once again stated that Layer 2 that does not meet the standards by the end of the year will no longer be regarded as a second-layer network, which caused dissatisfaction among many Layer2 communities. As mentioned before, V God is a good developer, but he is really not suitable to be a leader.

BTC first time 60000u eth3800u
BTC second time 60000u eth3100u
BTC third time 60000u eth2800u
BTC fourth time 60000u eth2400u
😂 $BTC and $ETH are really drifting apart #比特币

I looked at the data of August from Footprint. Among the top 15 chains by market value, Tron is the only chain that has achieved double growth in token price and market value this month. TRON's price has increased by 23.1% and its market value has increased by 22.7%.
You have to say that the growth of public chains in the current market situation really depends mainly on memes.

In addition, the performance of TRON's ecosystem in August has a lot to do with Sun's continuous marketing. It is really useful to promote memes every day. We won't talk about whether the product is good or not, but when it comes to marketing, Sun is really that~#TRON

Many of the recent projects we have cooperated with are leaning towards the TON ecosystem, and we have recently paid some attention to the TON ecosystem. In fact, many people have some prejudices against Binance's launch of Tom and Jerry, thinking that these projects have little gold content. In fact, I think Binance has made a good start.

On the one hand, it gives some expectations, such as Binance will have more top or second-tier and mid-tier TON ecosystem tokens launched in the future, so now whether it is Dot Dot Dot or anything else on TON, it is very hot. As more coins usher in the online boom, the TON ecosystem will become more and more popular, which is a good thing. TON itself also has advantages. Many players are sticky and retained users of Telegram and can play seamlessly at will. The game has a low threshold for access and a low threshold for player participation, and the network effect is easier.

On the other hand, the more people play the TON ecosystem, the more developers there will be, and the TON ecosystem is more worth exploring. So Binance has made a good start. As long as the flywheel can turn, I think it is only a matter of time for the TON ecosystem to rise. #TON

On Binance, the trading volume of $DOGS is higher than that of $DOGE. Now many small games on TON have started to use $DOGS as chips. From the perspective of games, it can take advantage of the popularity and add many application scenarios for $DOGS. Whether $DOGS can surpass $DOGE in terms of market value in the future depends on the energy of the TON ecosystem and the $DOGS community~#TON #Dogs

Now it seems that the risk of becoming a founder or senior manager of some projects is getting higher and higher, especially under some political games and some policy trends~

Today, I dug out the book "Where Does Money Come From" written by Xiang Shuai, which I bought 23 years ago, from my bookcase and read the first chapter.
The book says that the world has been changing faster and faster in recent years, especially after the epidemic, both geopolitics and the economy are changing rapidly. This is the inevitable result of the world's shift from a globalized economic form to an island chain market economic form.

In fact, for the crypto industry, the rapid changes in the world have brought more opportunities and risks or threats, and the changes in the crypto industry will also accelerate with the changes in the world, and even the vertical market will change faster. The industry is becoming more irregular, various market cycles are getting longer, and market uncertainty is also increasing further.

Of course, for both practitioners and investors, I don't think this is a bad thing. Although there will be more risks due to uncertainty, there are also doubled opportunities. All Web3 colleagues, encourage each other~

Falling is not necessarily a bad thing, and rising is not necessarily a good thing. Everything is relative.