In my first battle since returning, my futures trading losses have expanded from $6 million to $16.77 million over the past few weeks. Although I've been adjusting my ETH, HYPE, and PUMP positions, the market's downward trend from last night to this morning has already resulted in a new high in losses. ETH liquidation price: 3089 HYPE liquidation price: 24.53 PUMP liquidation price: 0.0016 I wonder if I can withstand this wave.

I don't know if Dan Bin sold his Coinbase stock. This time, it happened just as the second-quarter earnings report was released, and it was a complete disaster. Yesterday, Coinbase stock was trading at $386, but today it opened at $319, a direct deflating of the bubble.

It's August again, the peak vacation season for European and American traders. In the past seven years, BTC and ETH have both closed lower in August five times. The two rallies in 2020 and 2021 were driven by macroeconomic liquidity injections and the DeFi narrative within the market. Hopefully, this year will be different.

Last night, the SEC's stance on crypto-equities suddenly warmed, signaling plans to develop a framework to allow stock tokenization. Following its earnings report, Coinbase announced it will offer on-chain stocks, prediction markets, and early-stage token sales to US users in the coming months. A super app combining stocks, gambling, and initial coin offerings (IEOs) all in one. This should be the most relaxed regulatory environment in recent years. It's expected that the market will soon see even more interesting developments.

These days mark the one-year anniversary of Lingwei leaving OKX and joining BNB CHAIN. Compared to the AI Matrix accounts that are everywhere online, I kind of miss you. Come back soon, teacher! You haven't found your boat yet!

With ETH's price rising, offline conferences are buzzing again. Today, Ethereum's 10th anniversary events in several locations were packed. The last time this happened was when ETH was at 4,000. Back then, people believed in ZK, L2, and re-staking. While the price has rebounded somewhat this time, judging by the buzz, it seems people only trust Wall Street.

If someone asks me about immigrant life, life planning, romance literature, or starting a social media account, I'll easily get bored and sleepy, and I won't know what to reply. But if someone suddenly starts talking about Cathie Wood increasing her holdings, Binance releasing an announcement, Pigeon and Old Black's new perspectives, a new product coming out in North America, or someone's company crashing the market, I'll quickly get back to my computer and spend an entire night focused on this. I've personally experienced this myself recently.

Meet in Karuizawa, Tokyo's backyard. Shared vision, grab a good spot. @jason_chen998 @Phyrex_Ni Thank you, Jiayin Organization!

Three Crypto bloggers in Tokyo finally got together. We are only 5-6 km apart, but we are always online friends. Sincerely, grateful. @ohyishi @suji_yan

Looking at Galaxy's previous disclosure, from April 1 to May 12, the company's operating net profit was between 160 million and 170 million, and it is estimated that most of this was OTC business. If we count the sale of Bitcoin whales this time, the conservative revenue for this quarter is 400 million. And several companies in the second tier also had revenues of 200 million and 100 million US dollars respectively in this business in the past year. The OTC business is really terrible, it is simply a money printing machine.