陈剑Jason

After scrolling through Twitter, it's all about the pessimistic panic caused by pumpfun's upcoming token release leading to liquidity draining, which, although the logical reasoning is correct, the pace is too uniform🤔

Only by chatting with a supplier of BYD did I learn that BYD has a platform called Di Chain, where all suppliers in the BYD ecosystem must settle on Di Chain. Although it does not use blockchain technology, it essentially performs the functions of a major public chain, including issuing Tokens (electronic bonds of the BYD ecosystem), DEX (trading of electronic bonds), lending (collateral financing of electronic bonds), smart contracts (automatic circulation of electronic bonds in the upstream and downstream), etc. Currently, over 70 billion USD has been issued on Di Chain. If ranked among public chains, its TVL would rank as the third largest public chain, following Ethereum and Solana.

A couple of months ago, it seems that only Mask has managed to recover from several sudden crashes of coins. I just looked at its monthly chart, and it's quite interesting. For the past few years, it has followed a pattern of dropping for half a year and then rising for the other half, and this has happened three times in a row. This time, it just happens to enter the fourth cycle. However, I have no luck with Mask. This year's biggest single coin loss was due to the Mask contract blowing me up, so I don't dare to touch this thing anymore. Sigh, can Binance come out with a feature to block certain coins? Every time I see this thing climb to the top of the gainers list, it just makes me furious.

North Korean hackers have begun to take action again. Last week, the general's warship was launched unsuccessfully and was scrapped, resulting in heavy losses. After struggling to save some assets, everything has been wasted like this. The general is furious and will definitely put some pressure on the hacker team to achieve results. It is recommended that various exchanges and major projects stay vigilant recently, improve their security measures, and conduct thorough self-checks to avoid donating funds to the general's great socialist cause again.

When you are stuck with a coin and believe that the upcoming market trend is downward, what you should do is to cut losses in a timely manner, instead of
1. Continuously researching and staring at the K-line to find support levels and rebound points.
2. Turning over tweets and blogs related to this coin to find some unrealized positive news.
3. Spending all day in the DC community of this coin, watching everyone's chat content and encouraging fellow holders to the moon.
4. Repeatedly searching for the name of this coin on Twitter to see what others have said, hoping to find a perspective that restores your hope.
5. Leaving comments under many “big names” inquiring about their views on this coin and if there is still hope.
6. Tossing and turning all night in anxiety, until one day you watch your account completely break down, but can't bring yourself to sell, ultimately turning into a big critic of this coin, wildly cursing in Twitter and DC, Fudding your already dwindling position.

Thanks to friends from Huobi, Binance, Bitget, Conflux, and others for the Dragon Boat Festival gifts 🙏 By the way, the quality of Huobi's merchandise has noticeably improved this time around, and quality control is getting better and better. The clothes from the past two years had a lot of lint after wearing and had a cheap, pungent smell 😂 Binance is still consistently top-notch, like the Hermès of the crypto world. Bitget's pickleball is really great; it's much easier to handle than tennis. Recently, I've been playing squash every day, and I recommend that friends in the crypto space who sit for long periods should try playing pickleball @HTX_Global @binance @bitgetglobal @Conflux_Network @Ceee333_ @sisibinance @xiejiayinBitget

Thanks to @HTX_Global @binance @bitgetglobal @Conflux_Network for the Dragon Boat Festival gifts 🙏 Speaking of which, Huobi's merchandise quality has obviously improved in recent times, quality control is getting better and better. The clothes from two years ago would shed lint all over and had a cheap, pungent smell 😂 Binance still maintains its top-notch Hermes quality, and Bitget's pickleball is really nice, much easier to handle than tennis. I've been playing squash with it every day recently, and I recommend that friends in the crypto community who sit for long periods of time try playing pickleball.

The Bitcoin conference has started, Trump and Powell met, the SEC believes that tokens are no longer securities, a lot of good news has been released, but early in the morning there's a waterfall wash 😭
For those of you with empty positions: Good news has been fully released, providing cover for the big players to unload
For those of you with full positions: Cutting leverage and crouching down to jump higher

Regarding Sui freezing the hacker's funds, the underlying logic directly represents two completely different value systems (of course, one could say it’s easy to be indifferent when the whip hasn’t struck your own backside 😂). Extreme believers in decentralization would argue that public chains must operate like Bitcoin and Ethereum, and that there should be no active intervention under any circumstances, even in cases such as hackers stealing coins, which could potentially ruin the entire project. They must fully accept this due to the spirit of decentralization and cannot take any action to intercept the hacker's funds. Of course, Ethereum itself is not entirely pure, as evidenced by the previous TheDAO incident.

On the other hand, a faction of pragmatists (let's call them that) believes that some degree of centralization is necessary to act as a judge and intervene in behaviors like hacking, which are inherently wrong and could impact the funds of many users and the security of projects. They are more accepting of appropriate levels of centralization. However, the issue here is not just that impure actions undermine the spirit of decentralization, but more seriously, whether this judge is sufficiently impartial and does not abuse their power.

Additionally, let me say something that might hit hard: almost all debates about spirit and stance, at least 99%, are simply because the whip hasn’t struck their own backside. If one day, the coin you hold gets stolen and goes to zero, and you can still calmly accept it and consider it a contribution to the martyrdom of decentralization, then you are a true believer 😂

So, which faction do you belong to?

Although I usually mock Ethereum, at a time like this, I seriously say that after Bitcoin's big brother hit a new high, it has been sitting still and patiently waiting for Ethereum, carefully afraid of disturbing Ethereum. At this moment, if Ethereum doesn't pump, it really is giving face and not wanting face.

15 years ago, someone bought two pizzas with ten thousand BTC. Exactly 15 years later today, Bitcoin's new high has surpassed 110,000 USD. Thanks to @binance @okx @bitgetglobal @HTX_Global for the pizza donations 🙏 I believe that many friends today, including myself, are eating while crying, regretting with every bite why they sold their BTC along the way. 😥

Today's news seems to have left many people confused about what it means and what it implies. Currently, both Bitcoin and Ethereum ETFs are cash redemptions, meaning that when investors redeem, the issuer must sell the corresponding amount of Bitcoin and Ethereum and then pay the cash to the investors. In contrast, physical redemption does not require selling; investors can directly receive Bitcoin and Ethereum. There are two benefits: first, it can reduce taxes for investors, as cash redemptions are subject to taxes upon receipt. Second, it can increase the liquidity of ETF trading, as it eliminates the wear and tear of back-and-forth buying and selling. Third, it can reduce selling pressure to some extent, as a portion of physical redemptions may not be sold immediately. However, currently, Bitcoin and Ethereum ETFs have not made substantial progress toward physical redemptions; they are still only in proposal stages. The news means that the SEC has confirmed receipt of BlackRock's application for physical redemption, but whether it can be approved still needs to go through the process.

After Bitcoin reaches a new high, the next scenario will go in two extremes
1. Bitcoin leads the way, and Ethereum and altcoins confirm their safety before starting to surge
2. Bitcoin peaks and then falls back, causing Ethereum and altcoins to panic and plummet
Which one do you bet on?

BTC is one step away from breaking new highs. I have joined over 80 groups in total. Just now, I searched the keyword 'bull return' on WeChat, and in the past week, only 1 group has mentioned these two words, so the conclusion is, it can still rise!

Last week when BTC just touched 95,000, a poll was conducted on Twitter with a sample of one thousand people. Only 23% chose to buy, 46% chose to wait, and 30% chose to sell. Based on this voting situation, the market was still in a state of panic at that time. Most people thought it was a trap, and hardly anyone was excitedly calling for a bull run. So the mood was light. A week later, let's conduct another survey: What have you done recently?

Both Sui and Aptos are in close proximity, with Sui's strong coin price and its ecosystem recently securing partnerships with Binance and Upbit, along with generous airdrops. In contrast, Aptos has been sluggish, with prices continually dropping despite calls for action; its ecosystem projects have been underwhelming and airdrop efforts lackluster, disappointing many. Initially, Sui struggled as well; I heard that the founding team was replaced before Sui launched last year and that executives from Solana were brought in, leading to a strategy similar to Solana's. Recently, Aptos underwent significant management changes, with Chinese-American Avery Ching stepping in as CEO, indicating that Aptos has recognized serious issues within its previous team and is looking to regroup.

It's worth noting that last week, a proposal was initiated within the community to reduce staking rewards from 7% to 3.79% within three months. As everyone knows, community proposals often serve as the official 'white gloves'—meaning the officials have already decided to first lower staking rewards to control inflation and, consequently, manage coin prices. On the other hand, if staking rewards are too high, large holders might just let their coins sit and earn passively instead of investing in the ecosystem's DeFi, which stifles ecosystem vitality.
Returning to the newly appointed CEO, @AveryChing, who is of Chinese descent and was previously Aptos's CTO, he holds a PhD in computer science from Northwestern University and has worked at companies like Facebook and Yahoo. Appointing a tech-savvy CEO with a Chinese background suggests a newfound focus on the Asian market. At the Consensus conference in Hong Kong this February, he expressed intentions to drive the Movemaker plan as a key initiative, particularly emphasizing the Chinese-speaking ecosystem. Movemaker is a community organization established by Aptos to oversee project funding, developer activities, community meetings, etc., and has set up a physical office space, Aptos Space, in Hong Kong.

Previously, Aptos faced criticism for being too rigid and not sufficiently crypto-native, adhering closely to Wall Street. This time, the Aptos Foundation has pledged to invest $200 million to support the ecosystem, particularly focusing on on-chain initiatives. Interestingly, the first case highlighted is Onchain Casinos, which openly features the term 'casino,' indicating that Aptos has shed its formal image. The benefit is that Aptos may engage in a wealth creation effect akin to Sui and Solana. If Aptos truly commits to energizing its community, the leading meme projects within its ecosystem will be worth watching.
Returning to the technology itself, Aptos's speed and performance are quite commendable; at least the transfer fees are genuinely low. I now use Aptos for exchanges, as shown in the image below, where Aptos has the lowest fees across all chains at just 0.03 U, and the speed is also quite fast. This is mainly due to its Zaptos architecture's high-performance optimization, which allows blocks to enter the execution pipeline directly after being initiated, without waiting for the previous parent block's confirmation. Once executed, the state is written directly to storage without waiting for consensus across the network. This high-performance, low-latency, and low-cost effect primarily supports high-frequency financial interaction scenarios, especially in the PayFi payment sector, as it is now the chain with the lowest transaction fees.
In fact, Aptos is now fully prepared and just needs to rally its prices. I wrote about a three-phase rally for public chains last year, and currently, Aptos hasn't even begun the first phase. The primary task for Aptos now is to quickly rally its prices, then let a few top projects emerge within its ecosystem to engage the community and increase chain activity, which can then spill over into other applications. So, Aptos, you need to rally quickly!

I just sighed that retail investors are disadvantaged no matter where they are, and then I don't know why so many people below are criticizing me for trying to cover it up. I don't want to waste my time on these trivial matters, so I deleted it and didn't want to get involved. But then I thought, I don't want people to think I'm really being insincere, so I took a screenshot to keep as proof. If you, with your reading comprehension skills, think I'm trying to cover it up, please kindly use your little hand to block me 🫰

Everyone should remember that last June, after the New York Stock Exchange opened, multiple stocks suddenly plummeted 99%. Many people bought Berkshire Hathaway at a 0.1 discount, and the final solution was to announce that all trades were invalid and the system would roll back.
I am not defending the New York Stock Exchange or Bitget, after all, I didn't get to invest in Berkshire or Voxel. What I want to say is that whether it's Web2 or Web3, whether it's compliant or non-compliant, there is essentially no difference. The ultimate right to interpret everything belongs to the rule makers.

You are now a shell project valued at 5 million dollars. The bull market has arrived, but you have no fundamentals and cannot create any hot topics. Even if you spend money to forcefully pump the market, retail investors won't follow, and the outcome will just be you hanging at the mountain peak. So you think of making money from contracts by pumping the spot market, but there is completely no counterparty. You watch all of this anxiously until one day, your name suddenly appears in the delisting announcement. You know that your last chance finally has come.

Nvidia's latest accelerator explicitly no longer accepts cryptocurrency companies to join. I guess they are afraid of being piggybacked. After all, last year many projects used the slogan of establishing strategic cooperation with Nvidia to pull up the market. In fact, it's quite embarrassing to say it... I guess it was ruined by the Vanar project, because in March last year, Vanar touted its joining of the Nvidia accelerator, and then the coin price soared. I bought 6 times the Vanar position at 0.05 at that time, and a friend in my group directly made a Ferrari on it🤣Many cryptocurrency companies use Nvidia, Microsoft, Google and other companies to get PR benefits, and then if they can't get overseas companies, they will get domestic Alibaba Cloud, Huawei Cloud and so on. In fact, these domestic companies have special departments to connect with cryptocurrency projects to generate income. This is completely compliant. They only provide some technology and node services, but they can PR out the effect of strategic cooperation. Don't ask me how I know. I have worked in these companies before, and I know everything. If there are cryptocurrency companies that need PR, you can contact me