⚡️The wheel of history rolls on, and gold, as expected, continues to reach new highs— $3,650, the market's bullish sentiment on gold is unprecedented. When gold was at $2,500, some called it a historic peak. When it was at $2,800, some said it couldn't possibly reach $3,000. It's been soaring ever since, and it looks like it could even reach $3,800! Proof that as long as you think it's peaked, it means it hasn't risen to an outrageous level yet! During the last bull market, you thought $68,000 worth of #Bitcoin was expensive, but in reality, it was just the starting point for this bull market. So, when trading, never try to guess the bottom or the top— Investment profits and losses depend on a sound logical framework and good execution. Gold and Bitcoin are both good assets. As long as you're in the right direction, your profits often depend on luck. Luckiest was the 1970s, when the price of gold increased 24-fold; less fortunate was the 2000s, when the price of gold increased 8-fold.

⚡️A great financial management method for BTC/ETH holders After I wrote about Pendle Boros last time, many people wondered if it was only for institutional investors like Ethena. Actually, it's not. Retail investors with BTC/ETH spot can also use Boros for simple arbitrage! 👇👇Here's the easiest way to get started: Hold BTC spot (the basis for price hedging) + short BTC perpetual swaps (collect funding fees) + short BTC-YU (lock in a high funding rate). Suppose: You already hold 1 $BTC, the current price is 10WU, and for a 90-day period, you short YU on Boros to lock in an Implied APR of 8%. Scenario 1⃣: Funding rate remains at 8% throughout (same as the lock-in rate) Perpetual short funding profit: $100,000 × 8% × (90/365) ≈ $1,972 Short YU profit: Actual rate = lock-in rate, no profit or loss → $0 Total profit: $1,972 + $0 = $1,972 (8% annualized) Scenario 2⃣: Funding rate drops to 5% (lower than the lock-in rate) Perpetual short funding profit: $100,000 × 5% × (90/365) ≈ $1,232 Short YU: Profit = profit corresponding to (lock-in rate - actual rate) $100,000 × (8% - 5%) × (90/365) = $740 Total profit: $1,232 + $740 = $1,972 Scenario 3⃣: Funding rate rises to 11% (higher than the lock-in rate) Perpetual short funding fee income: $100,000 × 11% × (90/365) ≈ $2,712 Shorting YU: Loss = (Actual Interest Rate - Lock-in Rate) corresponding to the cost, $100,000 × (11% - 8%) × (90/365) = $740 Total profit: $2,712 - $740 = $1,972 So, no matter how the fee rate changes, the "gains/losses" of the perpetual and the "gains/losses" of the YU will always offset each other, and the final profit you receive is the implied APR you locked in Boros. And it doesn't affect your spot position, making it perfect for holders like me who don't plan to liquidate their positions in the short term! By the way, Boros is really awesome! Just nine days after its launch, the technicals are already showing signs of growth. - TVL increased from $1.78M to $2.75M (+53%) - Trading volume reached $111.4M - Position opening limits increased multiple times to $28.55M - Pendle token price increased by 41.9% It seems market demand remains quite strong! So, I strongly recommend starting with a small position. Anyone who has experience with Hyperliquid and understands funding rates should find it easy to understand the Boros product!

⚡️A Simple Indicator: How to Tell If Alt Season Has Arrived? -- If you can't understand the charts, look at this: a simplified Alt Season indicator - BTC.D, which measures #Bitcoin's share of the total cryptocurrency market capitalization. Formula: BTC.D = (Bitcoin Market Cap / Total Crypto Market Cap) x 100 You can make a [Simplified Interpretation Reference]: Still Rising > Alt Season Not Yet Over 50% > Alt Season Stands By Reversing Down from a High > Alt Season Incoming Gradually Approaching 40% > Alt Season Maybe Ending Soon It's best to look at this in conjunction with the $BTC price: BTC Rising + BTC.D Rising = Altcoin Weakness. BTC Rising + BTC.D Falling = Altcoin Strength. BTC Falling + BTC.D Rising = People Panic-Selling Altcoins and Buying BTC. Falling BTC + falling BTC.D = intensified panic selling → shift to stablecoins. However, this only reflects certain market sentiment and capital flows and cannot be used as a definitive investment conclusion. For specific currencies, it can be verified using auxiliary indicators.

Perle has completed a seed round led by Framework Ventures and launched Perle Labs, a Web3 data ecosystem for AI. Perle announced its funding round. Led by Framework Ventures, this round, along with its previous pre-seed round, brings the total raised to $17.5 million. But more than the funding, what caught my attention was a new product they announced today: Perle Labs. This is a direction I've been focusing on more closely lately: Using on-chain incentive mechanisms to transform "human input" into a collaborative, verifiable, and rewarding AI data layer. In short: AI training shouldn't be solely determined by labelers, let alone large companies' data. Everyone can participate and gain ownership and benefits. Perle Labs is positioned as open infrastructure. In theory, any team that wants to train a model can access human feedback—and the feedback process and quality can be transparently recorded on-chain. AI is building the superstructure, while Perle is laying the foundation. Maybe this is the most crucial piece of the puzzle that no one has noticed.

This paragraph is too realistic: The illusion of hindsight is very strong in human nature. If you are not beaten by the real world for 20 or 30 years, if you do not seriously review the various mistakes you have made step by step in writing, you will sincerely and frivolously mistakenly believe that you can easily seize the opportunity of a ten-fold or a hundred-fold stock in the future. But when the actual opportunity comes, you either fail to catch it; or you catch it and run away after making a little money; or you are lured by the wrong opportunity, start to make a little money, and then quickly fall into a big pit and lose more. This implies a complex reflection on human misjudgment, self-cognition, investment psychology, historical analogy and the way knowledge evolves - 1. The biggest investment illusion is to think that "the current me" can make "the future god operation". 2. Opportunities are not seized by intuition, but are expanded inch by inch by the cognitive boundaries. 3. If you cannot honestly review the stupidity of the past, you cannot truly understand the difficulties of the future. 4. Reflection is not a review of the results, but a training on how to make judgments that are less influenced by emotions in the present. 5. If you want to cross the cycle, you must first find information that others do not see but you can understand - this is the source of alpha.

⚡️It seems that it is still possible to stay at work and just apply for the minimum living allowance. Isn’t this a blessing? -- Today, you can try to eat three fish with one fish: 1 MGO @MangoOS_Network: Multi-virtual machine full-chain basic network. 210 points, no one or two sections, first come first served, this should be available to everyone, remember to grab it at 16:59. 2 DMC @DeLoreanlabs: The web3 department of DeLorean Automobile Company is about to launch the world's first tokenized electric car. The score has not been announced yet, and trading will start at 19:00. 3 NEWT @MagicNewton: Chain abstraction and AI agent. The score has not been announced yet, but it has passed the two major pull-up exchanges Upbit and Bithumb, and trading will start at 22:00.

Too many people underestimate the power of the Stablecoin Act. In my opinion, this is simply the 3.0 version of the US dollar hegemony that was thought up by a genius; This bill is inevitable from its conception to its launch. You can find the answer from history—— 1) US Dollar 1.0: US Dollar Hegemony Anchored by Gold The United States established its 1.0 hegemony status with its gold reserves + post-World War II reconstruction funds. Then, in the 1960s, the fiscal deficit during the Vietnam War and the hollowing out of the US industry caused the US dollar to be sold off continuously. Charles de Gaulle of France directly used warships to transport gold back. It was not until 1971 that Nixon turned off the gold standard and the Bretton Woods system collapsed, announcing the end of the 1.0 era. 2) US Dollar 2.0: Petrodollar Hegemony After decoupling from gold, the US dollar began to enter the era of credit currency. The symbol was the signing of the US-Saudi Agreement in the late 1970s, and global oil trade must be settled in US dollars, laying the foundation for the petrodollar system. During this period, the hegemony of the US dollar did not rely on gold, but on the dominance of global energy circulation, the credit of US debt (the world's largest, deepest and most liquid bond market), and the geopolitical security of the US military + NATO. It was not until after the 2008 financial crisis that the US dollar began to be over-issued crazily, and the world became increasingly dependent on the liquidity printed by the United States. The US's own debt was out of control, and the world did not find a second alternative reserve asset. 3) US Dollar 3.0: On-chain US Dollar Hegemony During this period, the stablecoin bill was directly passed and became a new transmission mechanism for the US dollar. The US dollar was put on the chain without going through banks, SWIFT, and clearing houses. Even if a country imposes capital controls on the US dollar and de-dollarizes finance, ordinary people can still bypass these restrictions and directly use USDT and USDC to store and transfer value. To sum up - Dollar 1.0 → physical gold anchoring Dollar 2.0 → geo-energy anchoring Dollar 3.0 → on-chain liquidity anchoring, the essence is the digitalization of the dollar + decentralized expansion This energy game is very interesting. Web3 believes that we need to protect wealth sovereignty in the over-issued currency, and the hegemonic government wants to use Web3 to consolidate hegemony. Now there is no common enemy, we only have common interests, and if we pull more people into this system, then the rise is a common goal and it is bound to happen!

⚡️Just saw this picture, there is a key number - SOMA: $14,825,704,800. Many people don't understand what this means, but the core question is: Has the Fed secretly started QE again? Simply put, technically, yes; from a mechanism point of view, no; from a market structure point of view, it has not stopped at all. Let me give you an example and you will understand - Your family decides to pay a maximum of 5,000 yuan in loans each month (QT limit), but one month suddenly 8,000 yuan of debt is due. You can't default on the debt, so you make up 3,000 yuan to continue to "buy" some debt, and then slowly pay it back to ensure that you do not exceed the 5,000 yuan budget limit. This 3,000 yuan is the "SOMA add-on". The increase in the scale of SOMA replenishment means that QT has begun to hesitate. This is what the Fed is doing now: talking about QT, but actually secretly buying bonds to cover positions. The name of the balance sheet reduction is still there, but the margin of liquidity is shifting. Since March, the upper limit of QT balance sheet reduction has been reduced from 25 billion to 5 billion, which is a signal to the market: "I dare not shrink too quickly for fear of accidents." This kind of covering operation is different from the active water release (QE) we usually see. It is not QE in terms of mechanism, but the effect in terms of market impact may not be much different, that is, money is released. Because the market does not look at whether you are QE, but whether you continue to throw liquidity into the system. Therefore, there is no need to wait for the Fed to officially announce "we restart QE". If you see that it is afraid of stalling and buying back bonds, you will know that the next round of liquidity cycle has already started secretly in the details. The name is not important, as long as the money comes in. Now it is like the Fed does not want to add fuel, but finds that the car will flip over if it stalls too quickly, so it starts to secretly add some oil. And #bitcoin is like a passenger sitting on the roof of a car: You can stop driving, but as long as the car moves, it will go up to the sky!

I would like to highlight the key points of Brother Blue Fox’s content: Ethereum is laying the foundation for the underlying infrastructure of global crypto finance. There are actually two deep logics behind it: 1️⃣The introduction of incremental assets off-chain will directly increase the security value pricing of Ethereum. 2️⃣RWA will activate real transactions and financial activities in the Ethereum ecosystem. The fundamentalist spirit of DeFi will be reborn in institutional logic—— The winner of this RWA war is likely to be the next generation of the financial king of the crypto world.

I just saw Binance Square and saw people calling for mutual following. I saw that they were all posting this: new Square users can get 50 Alpha points by completing tasks. - - Don't get too excited, I've verified it for you - This activity gets you points from the Square, not the Alpha points you get. Don't habitually receive information, verify and think more, otherwise it's easy to just follow the crowd.