汪掌柜
94 Posts
汪掌柜
Report
Block User
每日拆解宏观事件与突发新闻对币圈的影响，用数据说话，不喊单、不荐股，仅分享个人观察。
34 Following
32 Followers
32 Liked
Posts
All
Quotes
·
--
The total cryptocurrency market value today is approximately $2.3 trillion, compared to the historical peak of $4.38 trillion in 2025—down by $2.08 trillion.
It has returned to the same position as in 2021–2022, which is 4 years ago exactly.
The total cryptocurrency market value today is approximately $2.3 trillion, compared to the historical peak of $4.38 trillion in 2025—down by $2.08 trillion.
It has returned to the same position as in 2021–2022, which is 4 years ago exactly.
It has returned to the same position as in 2021–2022, which is 4 years ago exactly.
184
·
--
Article
By Thinking of the Crypto World’s Survival Situation, Triggered by the U.S. Striking IranThe U.S. military is launching another round of strikes and a naval blockade against Iran. It made me think of a question: Why is it the U.S. that strikes Iran, not Iran that strikes the U.S.?
That’s obviously ridiculous. Iran is a tiny little place—how could it possibly pluck the hair off the tiger’s head? I want to look at the crypto world from this perspective.
🐯 Why is it the U.S. that strikes Iran, not Iran that strikes the U.S.?
Isn’t this question laughable? Iran has such a small place—how dare it pluck the hair off the tiger’s head?
But this absurd comparison precisely reveals the most real side of the crypto world. Today we’re not talking about the headlines—let’s talk about the crypto world’s "underlying logic."
By Thinking of the Crypto World’s Survival Situation, Triggered by the U.S. Striking Iran
The U.S. military is launching another round of strikes and a naval blockade against Iran. It made me think of a question: Why is it the U.S. that strikes Iran, not Iran that strikes the U.S.?
That’s obviously ridiculous. Iran is a tiny little place—how could it possibly pluck the hair off the tiger’s head? I want to look at the crypto world from this perspective.
🐯 Why is it the U.S. that strikes Iran, not Iran that strikes the U.S.?
Isn’t this question laughable? Iran has such a small place—how dare it pluck the hair off the tiger’s head?
But this absurd comparison precisely reveals the most real side of the crypto world. Today we’re not talking about the headlines—let’s talk about the crypto world’s "underlying logic."
That’s obviously ridiculous. Iran is a tiny little place—how could it possibly pluck the hair off the tiger’s head? I want to look at the crypto world from this perspective.
🐯 Why is it the U.S. that strikes Iran, not Iran that strikes the U.S.?
Isn’t this question laughable? Iran has such a small place—how dare it pluck the hair off the tiger’s head?
But this absurd comparison precisely reveals the most real side of the crypto world. Today we’re not talking about the headlines—let’s talk about the crypto world’s "underlying logic."
98
·
--
I didn’t really get it at first glance.
After reading the comments, I finally understood: if a woman speaks less, she won’t get beaten. In the lawyer’s line, “Drink a little water in your mouth, then spit it out after he falls asleep,” was essentially advising her to shut up.
Classic dark humor.
This kind of “I don’t understand it” situation is actually quite common. It’s not that our understanding is bad; it’s that the person expressing it jumps too far without enough context and transitions.
-------------------------------------------
🎉 To sum it up: 🎉
😅 Spoken version: Normal conversation goes step by step. If you jump too much, people easily lose the rhythm and can’t tell what you’re trying to say.
🤫 Concise version: Good expression should be gradual and logically coherent. Overly jumpy expression will leave people completely baffled.
😘 Emphasize logic: Clear communication usually follows a reasonable logical sequence. If the content jumps too far and lacks necessary transitions, readers will struggle to follow your train of thought and may face comprehension barriers.2
🤐 Written version: Whether you’re writing an article or posting on Moments, your expression should be coherent and logical. Abrupt shifts in viewpoint, with no setup or buildup, increase the reader’s comprehension cost—and sometimes they can’t even figure out the author’s real intention.
🎉 One-sentence core: 🎉
Communication isn’t just for your own satisfaction—it’s so others can understand and see clearly. Clear logic and natural transitions are the foundation of effective communication.
I didn’t really get it at first glance.
After reading the comments, I finally understood: if a woman speaks less, she won’t get beaten. In the lawyer’s line, “Drink a little water in your mouth, then spit it out after he falls asleep,” was essentially advising her to shut up.
Classic dark humor.
This kind of “I don’t understand it” situation is actually quite common. It’s not that our understanding is bad; it’s that the person expressing it jumps too far without enough context and transitions.
-------------------------------------------
🎉 To sum it up: 🎉
😅 Spoken version: Normal conversation goes step by step. If you jump too much, people easily lose the rhythm and can’t tell what you’re trying to say.
🤫 Concise version: Good expression should be gradual and logically coherent. Overly jumpy expression will leave people completely baffled.
😘 Emphasize logic: Clear communication usually follows a reasonable logical sequence. If the content jumps too far and lacks necessary transitions, readers will struggle to follow your train of thought and may face comprehension barriers.2
🤐 Written version: Whether you’re writing an article or posting on Moments, your expression should be coherent and logical. Abrupt shifts in viewpoint, with no setup or buildup, increase the reader’s comprehension cost—and sometimes they can’t even figure out the author’s real intention.
🎉 One-sentence core: 🎉
Communication isn’t just for your own satisfaction—it’s so others can understand and see clearly. Clear logic and natural transitions are the foundation of effective communication.
After reading the comments, I finally understood: if a woman speaks less, she won’t get beaten. In the lawyer’s line, “Drink a little water in your mouth, then spit it out after he falls asleep,” was essentially advising her to shut up.
Classic dark humor.
This kind of “I don’t understand it” situation is actually quite common. It’s not that our understanding is bad; it’s that the person expressing it jumps too far without enough context and transitions.
-------------------------------------------
🎉 To sum it up: 🎉
😅 Spoken version: Normal conversation goes step by step. If you jump too much, people easily lose the rhythm and can’t tell what you’re trying to say.
🤫 Concise version: Good expression should be gradual and logically coherent. Overly jumpy expression will leave people completely baffled.
😘 Emphasize logic: Clear communication usually follows a reasonable logical sequence. If the content jumps too far and lacks necessary transitions, readers will struggle to follow your train of thought and may face comprehension barriers.2
🤐 Written version: Whether you’re writing an article or posting on Moments, your expression should be coherent and logical. Abrupt shifts in viewpoint, with no setup or buildup, increase the reader’s comprehension cost—and sometimes they can’t even figure out the author’s real intention.
🎉 One-sentence core: 🎉
Communication isn’t just for your own satisfaction—it’s so others can understand and see clearly. Clear logic and natural transitions are the foundation of effective communication.
97
·
--
Article
Tanzania has started regulating cryptocurrencies—so have the US and Europe. What does regulation in more than half of countries worldwide mean?🌍 Tanzania has started regulating cryptocurrencies—what does this mean?
A recent news item that wasn’t “explosive” made me think a bit longer—in it, the governor of the Central Bank of Tanzania publicly said they have already completed a comprehensive study of cryptocurrencies, are waiting for government approval, and are preparing to introduce an official regulatory framework specifically to cover digital assets, cryptocurrencies, and stablecoins.
Tanzania isn’t a major crypto country, so ordinarily this news would probably go unnoticed. But when you look at it alongside the actions taken in Europe and the US over the past two years, the picture looks different.
Tanzania has started regulating cryptocurrencies—so have the US and Europe. What does regulation in more than half of countries worldwide mean?
🌍 Tanzania has started regulating cryptocurrencies—what does this mean?
A recent news item that wasn’t “explosive” made me think a bit longer—in it, the governor of the Central Bank of Tanzania publicly said they have already completed a comprehensive study of cryptocurrencies, are waiting for government approval, and are preparing to introduce an official regulatory framework specifically to cover digital assets, cryptocurrencies, and stablecoins.
Tanzania isn’t a major crypto country, so ordinarily this news would probably go unnoticed. But when you look at it alongside the actions taken in Europe and the US over the past two years, the picture looks different.
A recent news item that wasn’t “explosive” made me think a bit longer—in it, the governor of the Central Bank of Tanzania publicly said they have already completed a comprehensive study of cryptocurrencies, are waiting for government approval, and are preparing to introduce an official regulatory framework specifically to cover digital assets, cryptocurrencies, and stablecoins.
Tanzania isn’t a major crypto country, so ordinarily this news would probably go unnoticed. But when you look at it alongside the actions taken in Europe and the US over the past two years, the picture looks different.
1
110
·
--
Article
What happened to the Solana ecosystem three days after the PUMP unlock?On July 12, Pump.fun—the most popular meme coin launch platform on Solana—marked its one-year "unlock day." The team and early investors had locked 82.5 billion PUMP tokens and released them all at once after a full year; based on the then-current price, that was worth over $100 million.
Three days have passed—let’s take a look at what actually happened.
Unlocking did not trigger a crash.
In theory, unlocking 20–30% of the circulating supply at once is the "bad news" many people were expecting. But according to the data, the PUMP price is actually moving upward—after rebounding about 29% from the historical low of $0.001155 on June 25, the quotes before and after the unlock hovered around $0.0015.
What happened to the Solana ecosystem three days after the PUMP unlock?
On July 12, Pump.fun—the most popular meme coin launch platform on Solana—marked its one-year "unlock day." The team and early investors had locked 82.5 billion PUMP tokens and released them all at once after a full year; based on the then-current price, that was worth over $100 million.
Three days have passed—let’s take a look at what actually happened.
Unlocking did not trigger a crash.
In theory, unlocking 20–30% of the circulating supply at once is the "bad news" many people were expecting. But according to the data, the PUMP price is actually moving upward—after rebounding about 29% from the historical low of $0.001155 on June 25, the quotes before and after the unlock hovered around $0.0015.
Three days have passed—let’s take a look at what actually happened.
Unlocking did not trigger a crash.
In theory, unlocking 20–30% of the circulating supply at once is the "bad news" many people were expecting. But according to the data, the PUMP price is actually moving upward—after rebounding about 29% from the historical low of $0.001155 on June 25, the quotes before and after the unlock hovered around $0.0015.
217
·
--
Binance’s 9th Anniversary Main Activities Summary (July 2026):
1. Core Themed Campaign: “Built by You” Co-creation Program
Time: Throughout July (with a focus on around July 14)
Rewards: Total prize pool exceeds $4.5M+
Content: Explore “Binance City”’s 9 major landmarks within the Binance App, complete the corresponding tasks (simple actions such as depositing, trading, and wealth management), light up the landmarks, and generate a personalized “Binance Story” poster.
How to Participate: In the App, search for “Binance Turns 9” or go directly to the campaign page.
-----------------------------------------------
2. 9th Anniversary VIP-Exclusive Activities
Time: Around July 9, 2026 ~ August 8, 2026
Three Reward Paths:
- Upgrade VIP level (top 1,000 users upgrading to VIP1 can claim branded gifts)
- Increase trading volume
- High-level VIPs (VIP 7/8/9) can receive invitations to a private executive dinner (limited to 9 people)
Suitable for users with a certain amount of trading activity.
-----------------------------------------------
3. Community Challenges and Task Campaigns
A 9-day Discord challenge: prize pool 4,000 USDC; overall community challenge prize pool 7,000 USDC vouchers
Share stories, create content, leave birthday/anniversary wishes in the community, etc. (the giveaway campaigns mentioned earlier also fall into this category)
-----------------------------------------------
4. Live Streaming and Offline Events
July 14 live stream: leadership team + special guests (including Richard Teng, etc.), streamed simultaneously on Square / YouTube / X
Prize pool: $9,000
Global offline meet-and-greet (global gathering)
Chinese-language community creative campaign (topic submissions under #币安九周年 ; win 199U + themed gift box)
-----------------------------------------------
5. Other Small-Scale Activities
Deposit and trading tasks (e.g., deposit 50U + trade 500U, etc., simple to claim rewards)
Story sharing wall, “Year-in-Memory” activity
Merchandise gifts, games, giveaways, and other prizes
-----------------------------------------------
Participation Recommendation:
Open the Binance App, search for “9th Anniversary” or “Binance Turns 9” to enter the official campaign page. For the most accurate information, rely on what is shown in the App. #币安九周年 #币安
Binance’s 9th Anniversary Main Activities Summary (July 2026):
1. Core Themed Campaign: “Built by You” Co-creation Program
Time: Throughout July (with a focus on around July 14)
Rewards: Total prize pool exceeds $4.5M+
Content: Explore “Binance City”’s 9 major landmarks within the Binance App, complete the corresponding tasks (simple actions such as depositing, trading, and wealth management), light up the landmarks, and generate a personalized “Binance Story” poster.
How to Participate: In the App, search for “Binance Turns 9” or go directly to the campaign page.
-----------------------------------------------
2. 9th Anniversary VIP-Exclusive Activities
Time: Around July 9, 2026 ~ August 8, 2026
Three Reward Paths:
- Upgrade VIP level (top 1,000 users upgrading to VIP1 can claim branded gifts)
- Increase trading volume
- High-level VIPs (VIP 7/8/9) can receive invitations to a private executive dinner (limited to 9 people)
Suitable for users with a certain amount of trading activity.
-----------------------------------------------
3. Community Challenges and Task Campaigns
A 9-day Discord challenge: prize pool 4,000 USDC; overall community challenge prize pool 7,000 USDC vouchers
Share stories, create content, leave birthday/anniversary wishes in the community, etc. (the giveaway campaigns mentioned earlier also fall into this category)
-----------------------------------------------
4. Live Streaming and Offline Events
July 14 live stream: leadership team + special guests (including Richard Teng, etc.), streamed simultaneously on Square / YouTube / X
Prize pool: $9,000
Global offline meet-and-greet (global gathering)
Chinese-language community creative campaign (topic submissions under #币安九周年 ; win 199U + themed gift box)
-----------------------------------------------
5. Other Small-Scale Activities
Deposit and trading tasks (e.g., deposit 50U + trade 500U, etc., simple to claim rewards)
Story sharing wall, “Year-in-Memory” activity
Merchandise gifts, games, giveaways, and other prizes
-----------------------------------------------
Participation Recommendation:
Open the Binance App, search for “9th Anniversary” or “Binance Turns 9” to enter the official campaign page. For the most accurate information, rely on what is shown in the App. #币安九周年 #币安
1. Core Themed Campaign: “Built by You” Co-creation Program
Time: Throughout July (with a focus on around July 14)
Rewards: Total prize pool exceeds $4.5M+
Content: Explore “Binance City”’s 9 major landmarks within the Binance App, complete the corresponding tasks (simple actions such as depositing, trading, and wealth management), light up the landmarks, and generate a personalized “Binance Story” poster.
How to Participate: In the App, search for “Binance Turns 9” or go directly to the campaign page.
-----------------------------------------------
2. 9th Anniversary VIP-Exclusive Activities
Time: Around July 9, 2026 ~ August 8, 2026
Three Reward Paths:
- Upgrade VIP level (top 1,000 users upgrading to VIP1 can claim branded gifts)
- Increase trading volume
- High-level VIPs (VIP 7/8/9) can receive invitations to a private executive dinner (limited to 9 people)
Suitable for users with a certain amount of trading activity.
-----------------------------------------------
3. Community Challenges and Task Campaigns
A 9-day Discord challenge: prize pool 4,000 USDC; overall community challenge prize pool 7,000 USDC vouchers
Share stories, create content, leave birthday/anniversary wishes in the community, etc. (the giveaway campaigns mentioned earlier also fall into this category)
-----------------------------------------------
4. Live Streaming and Offline Events
July 14 live stream: leadership team + special guests (including Richard Teng, etc.), streamed simultaneously on Square / YouTube / X
Prize pool: $9,000
Global offline meet-and-greet (global gathering)
Chinese-language community creative campaign (topic submissions under #币安九周年 ; win 199U + themed gift box)
-----------------------------------------------
5. Other Small-Scale Activities
Deposit and trading tasks (e.g., deposit 50U + trade 500U, etc., simple to claim rewards)
Story sharing wall, “Year-in-Memory” activity
Merchandise gifts, games, giveaways, and other prizes
-----------------------------------------------
Participation Recommendation:
Open the Binance App, search for “9th Anniversary” or “Binance Turns 9” to enter the official campaign page. For the most accurate information, rely on what is shown in the App. #币安九周年 #币安
3
1.4k
·
--
Article
DeFi Risk Control: Old vs. New — From “Hindsight” to “Pre-Transaction Security Checks"In the past few years, the way DeFi security incidents are handled has followed almost the same script: the hacker strikes, the community is outraged, the project team posts an announcement overnight, the audit firm’s retrospective report arrives late, and the insurance fund starts the payout—every step happens after the funds have already been drained. This is a typical “hindsight” style of risk control: the monitoring system handles alerts, the audit handles reviewing old ledgers, the payout handles damage control, and only one thing is missing—no one stops it before the transaction happens.
The issue is that on-chain fund transfers are irreversible. By the time the risk control system identifies abnormal patterns, triggers alerts, and an engineer manually intervenes to verify, the attacker has already completed the first step: moving the assets and beginning the laundering path. Traditional audits are more like a “medical report,” reflecting the health status at some historical point in time; they cannot cover new code changes, adjustments to strategy compositions, or newly introduced risk surfaces brought by cross-protocol interactions after the audit.
DeFi Risk Control: Old vs. New — From “Hindsight” to “Pre-Transaction Security Checks"
In the past few years, the way DeFi security incidents are handled has followed almost the same script: the hacker strikes, the community is outraged, the project team posts an announcement overnight, the audit firm’s retrospective report arrives late, and the insurance fund starts the payout—every step happens after the funds have already been drained. This is a typical “hindsight” style of risk control: the monitoring system handles alerts, the audit handles reviewing old ledgers, the payout handles damage control, and only one thing is missing—no one stops it before the transaction happens.
The issue is that on-chain fund transfers are irreversible. By the time the risk control system identifies abnormal patterns, triggers alerts, and an engineer manually intervenes to verify, the attacker has already completed the first step: moving the assets and beginning the laundering path. Traditional audits are more like a “medical report,” reflecting the health status at some historical point in time; they cannot cover new code changes, adjustments to strategy compositions, or newly introduced risk surfaces brought by cross-protocol interactions after the audit.
The issue is that on-chain fund transfers are irreversible. By the time the risk control system identifies abnormal patterns, triggers alerts, and an engineer manually intervenes to verify, the attacker has already completed the first step: moving the assets and beginning the laundering path. Traditional audits are more like a “medical report,” reflecting the health status at some historical point in time; they cannot cover new code changes, adjustments to strategy compositions, or newly introduced risk surfaces brought by cross-protocol interactions after the audit.
1
1
77
·
--
Article
WebX 2026 Conference Opens in TokyoToday (July 13), a huge technology event is kicking off in Tokyo, Japan! This event is called "WebX 2026". It runs for two days and will only end tomorrow (July 14).
What kind of gathering is this?
People from all over the world who work on digital currencies and internet new technologies will fly to Tokyo to get together, chat, and share ideas.
Last year, more than 14,000 people came to this event, and 165 companies participated—so it was incredibly lively!
Who will attend?
This time, two "big shots" are coming:
Japan’s prime minister (basically Japan’s "head of the family") will say hello to everyone via video
WebX 2026 Conference Opens in Tokyo
Today (July 13), a huge technology event is kicking off in Tokyo, Japan! This event is called "WebX 2026". It runs for two days and will only end tomorrow (July 14).
What kind of gathering is this?
People from all over the world who work on digital currencies and internet new technologies will fly to Tokyo to get together, chat, and share ideas.
Last year, more than 14,000 people came to this event, and 165 companies participated—so it was incredibly lively!
Who will attend?
This time, two "big shots" are coming:
Japan’s prime minister (basically Japan’s "head of the family") will say hello to everyone via video
What kind of gathering is this?
People from all over the world who work on digital currencies and internet new technologies will fly to Tokyo to get together, chat, and share ideas.
Last year, more than 14,000 people came to this event, and 165 companies participated—so it was incredibly lively!
Who will attend?
This time, two "big shots" are coming:
Japan’s prime minister (basically Japan’s "head of the family") will say hello to everyone via video
1
97
·
--
Article
Bitcoin Satoshi Nakamoto Ownership Case to Continue Hearing on July 14Summary
A lawsuit in New York involving the ownership of related Bitcoin wallets (including a Satoshi Nakamoto wallet) was accepted by the court,
Judge Kathy J. King of the Supreme Court of New York scheduled a hearing for 10:30 a.m. on July 14 at 60 Centre Street in New York.
The dissenting opinion claims that the lost-property law does not apply to self-custodied Bitcoin.
Background:
Noah Doe, a US man living in New York (using a false name to sue). Seeing that many Bitcoin wallets had not moved for a long time, he went to the New York courts to file a complaint, hoping the court would award these wallets (possibly including those belonging to Satoshi Nakamoto) to him as things he had found.
Bitcoin Satoshi Nakamoto Ownership Case to Continue Hearing on July 14
Summary
A lawsuit in New York involving the ownership of related Bitcoin wallets (including a Satoshi Nakamoto wallet) was accepted by the court,
Judge Kathy J. King of the Supreme Court of New York scheduled a hearing for 10:30 a.m. on July 14 at 60 Centre Street in New York.
The dissenting opinion claims that the lost-property law does not apply to self-custodied Bitcoin.
Background:
Noah Doe, a US man living in New York (using a false name to sue). Seeing that many Bitcoin wallets had not moved for a long time, he went to the New York courts to file a complaint, hoping the court would award these wallets (possibly including those belonging to Satoshi Nakamoto) to him as things he had found.
A lawsuit in New York involving the ownership of related Bitcoin wallets (including a Satoshi Nakamoto wallet) was accepted by the court,
Judge Kathy J. King of the Supreme Court of New York scheduled a hearing for 10:30 a.m. on July 14 at 60 Centre Street in New York.
The dissenting opinion claims that the lost-property law does not apply to self-custodied Bitcoin.
Background:
Noah Doe, a US man living in New York (using a false name to sue). Seeing that many Bitcoin wallets had not moved for a long time, he went to the New York courts to file a complaint, hoping the court would award these wallets (possibly including those belonging to Satoshi Nakamoto) to him as things he had found.
1
109
·
--
Article
VaultKit's Trust See-SawNewton Protocol’s VaultKit architecture combines TEE (trusted execution environment) and ZKP (zero-knowledge proofs). The official narrative is "dual validation, minimizing trust." But if you take it apart carefully, this combination contains a trade-off that hasn’t been discussed thoroughly.
The security of TEE is built on the credibility of hardware vendors—whether it’s Intel SGX or similar solutions, issues such as side-channel attacks and memory leaks have been exposed over the past few years. In other words, VaultKit’s first layer of protection is essentially "trusting that the chip vendor hasn’t been compromised." This conflicts with the philosophy of purely on-chain verification.
VaultKit's Trust See-Saw
Newton Protocol’s VaultKit architecture combines TEE (trusted execution environment) and ZKP (zero-knowledge proofs). The official narrative is "dual validation, minimizing trust." But if you take it apart carefully, this combination contains a trade-off that hasn’t been discussed thoroughly.
The security of TEE is built on the credibility of hardware vendors—whether it’s Intel SGX or similar solutions, issues such as side-channel attacks and memory leaks have been exposed over the past few years. In other words, VaultKit’s first layer of protection is essentially "trusting that the chip vendor hasn’t been compromised." This conflicts with the philosophy of purely on-chain verification.
The security of TEE is built on the credibility of hardware vendors—whether it’s Intel SGX or similar solutions, issues such as side-channel attacks and memory leaks have been exposed over the past few years. In other words, VaultKit’s first layer of protection is essentially "trusting that the chip vendor hasn’t been compromised." This conflicts with the philosophy of purely on-chain verification.
4
1
87
·
--
Verified
Article
AVS Restaking Network: Who is really building Newton’s “lock”?Newton Protocol defines itself as the on-chain “compliance-as-code” layer—strategies are hard-coded in the Rego language, executed inside a TEE by a decentralized operator network, while ZKPs are responsible for proving the computation hasn’t been tampered with. Sounds great, but a closer look at the AVS architecture reveals a crucial premise: the strength of the entire trust model depends on whether the number of operators re-staked through EigenLayer and the size of their stake are sufficiently diversified.
The reality is that the protocol is still early, with only a limited number of active operators. And the June 24 one-time unlock of 139 million $NEWT (about 37% of the circulating supply at the time) is also a reminder that economic security and technical security of the network are two independent curves that can’t vouch for each other. Even if the strategy is written very rigorously, if only a handful of operators are running it, “trustlessness” in essence still means “trust a few people.”
AVS Restaking Network: Who is really building Newton’s “lock”?
Newton Protocol defines itself as the on-chain “compliance-as-code” layer—strategies are hard-coded in the Rego language, executed inside a TEE by a decentralized operator network, while ZKPs are responsible for proving the computation hasn’t been tampered with. Sounds great, but a closer look at the AVS architecture reveals a crucial premise: the strength of the entire trust model depends on whether the number of operators re-staked through EigenLayer and the size of their stake are sufficiently diversified.
The reality is that the protocol is still early, with only a limited number of active operators. And the June 24 one-time unlock of 139 million $NEWT (about 37% of the circulating supply at the time) is also a reminder that economic security and technical security of the network are two independent curves that can’t vouch for each other. Even if the strategy is written very rigorously, if only a handful of operators are running it, “trustlessness” in essence still means “trust a few people.”
The reality is that the protocol is still early, with only a limited number of active operators. And the June 24 one-time unlock of 139 million $NEWT (about 37% of the circulating supply at the time) is also a reminder that economic security and technical security of the network are two independent curves that can’t vouch for each other. Even if the strategy is written very rigorously, if only a handful of operators are running it, “trustlessness” in essence still means “trust a few people.”
1
87
·
--
Article
Bitcoin touched the 64,400 line again—totaling 307 days at this level in historyFirst, clarify the timeline.
In October 2025, Bitcoin surged to an all-time high of 126,000. After that, it began to fall, dropping all the way to around 64,000 today. This week, Bitcoin also touched the 64,400 line again, but there wasn’t a noticeable increase in buyers.
Glassnode said that if you add up all the days in Bitcoin’s history when the price was between “60,000 and 70,000,” the total comes to 307 days. This record ranks third. The top two are from 2018 (10,000 to 20,000) and 2022 (20,000 to 30,000).
It’s important to note: the 307 days is not “how long it has stayed continuously after this drop.” Instead, it’s the total number of days across several separate periods throughout history. It includes the stretch of time after the drop from 126,000 to this level, and it also includes earlier periods when Bitcoin had also traded at these prices. It wasn’t one uninterrupted stretch.
Bitcoin touched the 64,400 line again—totaling 307 days at this level in history
First, clarify the timeline.
In October 2025, Bitcoin surged to an all-time high of 126,000. After that, it began to fall, dropping all the way to around 64,000 today. This week, Bitcoin also touched the 64,400 line again, but there wasn’t a noticeable increase in buyers.
Glassnode said that if you add up all the days in Bitcoin’s history when the price was between “60,000 and 70,000,” the total comes to 307 days. This record ranks third. The top two are from 2018 (10,000 to 20,000) and 2022 (20,000 to 30,000).
It’s important to note: the 307 days is not “how long it has stayed continuously after this drop.” Instead, it’s the total number of days across several separate periods throughout history. It includes the stretch of time after the drop from 126,000 to this level, and it also includes earlier periods when Bitcoin had also traded at these prices. It wasn’t one uninterrupted stretch.
In October 2025, Bitcoin surged to an all-time high of 126,000. After that, it began to fall, dropping all the way to around 64,000 today. This week, Bitcoin also touched the 64,400 line again, but there wasn’t a noticeable increase in buyers.
Glassnode said that if you add up all the days in Bitcoin’s history when the price was between “60,000 and 70,000,” the total comes to 307 days. This record ranks third. The top two are from 2018 (10,000 to 20,000) and 2022 (20,000 to 30,000).
It’s important to note: the 307 days is not “how long it has stayed continuously after this drop.” Instead, it’s the total number of days across several separate periods throughout history. It includes the stretch of time after the drop from 126,000 to this level, and it also includes earlier periods when Bitcoin had also traded at these prices. It wasn’t one uninterrupted stretch.
42
·
--
GRVT, as a non-custodial derivatives trading platform, combines order book matching with on-chain settlement, using zero-knowledge proofs to verify the correctness of trades—while not custodizing users’ private keys.
This hybrid architecture of a “centralized trading experience + on-chain verifiable settlement” aims to address the long-standing issues where CEXs are efficient but opaque, while DEXs are transparent but offer a poor user experience.
Of course, whether the matching engine itself is fully decentralized, and how the verification cost of ZK proofs will be shared, remain open questions worth continued attention. Which do you care more about: trading experience or self-custody of assets?
@grvt_io #grvt
(Personal views only; this does not constitute investment advice. Please do your own research and be mindful of risks.)
GRVT, as a non-custodial derivatives trading platform, combines order book matching with on-chain settlement, using zero-knowledge proofs to verify the correctness of trades—while not custodizing users’ private keys.
This hybrid architecture of a “centralized trading experience + on-chain verifiable settlement” aims to address the long-standing issues where CEXs are efficient but opaque, while DEXs are transparent but offer a poor user experience.
Of course, whether the matching engine itself is fully decentralized, and how the verification cost of ZK proofs will be shared, remain open questions worth continued attention. Which do you care more about: trading experience or self-custody of assets?
@grvt_io #grvt
(Personal views only; this does not constitute investment advice. Please do your own research and be mindful of risks.)
This hybrid architecture of a “centralized trading experience + on-chain verifiable settlement” aims to address the long-standing issues where CEXs are efficient but opaque, while DEXs are transparent but offer a poor user experience.
Of course, whether the matching engine itself is fully decentralized, and how the verification cost of ZK proofs will be shared, remain open questions worth continued attention. Which do you care more about: trading experience or self-custody of assets?
@grvt_io #grvt
(Personal views only; this does not constitute investment advice. Please do your own research and be mindful of risks.)
62
·
--
Article
How does Vaults.fyi help vet Newton Protocol’s yield data?The Newton Protocol Vault product needs to show users real-time annualized yield rates. Where do these numbers come from, and are they trustworthy? It’s an easy-to-overlook but crucial question.
Newton chooses to integrate with Vaults.fyi as its yield oracle layer. Put simply, this kind of oracle fetches on-chain state from underlying protocols (such as lending markets or LP pools), computes standardized APY data, and then feeds it to the frontend and smart contracts. This addresses a real pain point: yield calculation methods vary widely across DeFi protocols—some are based on block rewards, some on fee-sharing—making it difficult for ordinary users to compare them across platforms.
How does Vaults.fyi help vet Newton Protocol’s yield data?
The Newton Protocol Vault product needs to show users real-time annualized yield rates. Where do these numbers come from, and are they trustworthy? It’s an easy-to-overlook but crucial question.
Newton chooses to integrate with Vaults.fyi as its yield oracle layer. Put simply, this kind of oracle fetches on-chain state from underlying protocols (such as lending markets or LP pools), computes standardized APY data, and then feeds it to the frontend and smart contracts. This addresses a real pain point: yield calculation methods vary widely across DeFi protocols—some are based on block rewards, some on fee-sharing—making it difficult for ordinary users to compare them across platforms.
Newton chooses to integrate with Vaults.fyi as its yield oracle layer. Put simply, this kind of oracle fetches on-chain state from underlying protocols (such as lending markets or LP pools), computes standardized APY data, and then feeds it to the frontend and smart contracts. This addresses a real pain point: yield calculation methods vary widely across DeFi protocols—some are based on block rewards, some on fee-sharing—making it difficult for ordinary users to compare them across platforms.
78
·
--
Article
Oracle FY2027 Financing Plan: $40B, including the already-announced $20B "at any time based on market price" share issuance planPut the numbers side by side: FY2026: $43B in debt + $5B in equity; FY2027: add another $40B. Total over two years: nearly $90B.
Where did the money go? Data centers. Customer roster: OpenAI, xAI, Nvidia, Meta, AMD, TikTok.
The order is real. Oracle Cloud Infrastructure FY2026 Q4 revenue year over year +47%; FY2027 Q1 cloud revenue guidance: +57% to 63%.
But the issue is real too. FY2026 free cash flow: -$23.7B. Capital expenditures: +162%, to $55.7B. Gross margin—CFO has already warned, "will decline."
The money is spent; it will take a few years to come back.
This isn’t just an Oracle story. Microsoft, Google, Amazon—same script, different scale.
Oracle FY2027 Financing Plan: $40B, including the already-announced $20B "at any time based on market price" share issuance plan
Put the numbers side by side: FY2026: $43B in debt + $5B in equity; FY2027: add another $40B. Total over two years: nearly $90B.
Where did the money go? Data centers. Customer roster: OpenAI, xAI, Nvidia, Meta, AMD, TikTok.
The order is real. Oracle Cloud Infrastructure FY2026 Q4 revenue year over year +47%; FY2027 Q1 cloud revenue guidance: +57% to 63%.
But the issue is real too. FY2026 free cash flow: -$23.7B. Capital expenditures: +162%, to $55.7B. Gross margin—CFO has already warned, "will decline."
The money is spent; it will take a few years to come back.
This isn’t just an Oracle story. Microsoft, Google, Amazon—same script, different scale.
Where did the money go? Data centers. Customer roster: OpenAI, xAI, Nvidia, Meta, AMD, TikTok.
The order is real. Oracle Cloud Infrastructure FY2026 Q4 revenue year over year +47%; FY2027 Q1 cloud revenue guidance: +57% to 63%.
But the issue is real too. FY2026 free cash flow: -$23.7B. Capital expenditures: +162%, to $55.7B. Gross margin—CFO has already warned, "will decline."
The money is spent; it will take a few years to come back.
This isn’t just an Oracle story. Microsoft, Google, Amazon—same script, different scale.
47
·
--
Article
About $NEWT—let me give you a plain-language exampleNewton Protocol defines its position as a “on-chain strategy layer” (policy layer). Its core solution targets a commonly overlooked problem: smart contracts can execute code, but they cannot determine whether an operation is “compliant” before execution. What Newton wants to do is insert a programmable layer of audit rules before a transaction happens. Institutions, stablecoin issuers, and AI agents can define rules according to their own needs—such as identity verification, risk thresholds, and sanctions list checks.
In terms of technical implementation, the rules run inside a trusted execution environment (TEE). Then, zero-knowledge proofs are used to generate a proof that the “audit process is correct.” Anyone on-chain can verify this proof without needing to trust any centralized auditor. In terms of security, the operator network is constrained through the Ethereum restaking mechanism (EigenLayer restaking), making wrongdoing come with real costs.
About $NEWT—let me give you a plain-language example
Newton Protocol defines its position as a “on-chain strategy layer” (policy layer). Its core solution targets a commonly overlooked problem: smart contracts can execute code, but they cannot determine whether an operation is “compliant” before execution. What Newton wants to do is insert a programmable layer of audit rules before a transaction happens. Institutions, stablecoin issuers, and AI agents can define rules according to their own needs—such as identity verification, risk thresholds, and sanctions list checks.
In terms of technical implementation, the rules run inside a trusted execution environment (TEE). Then, zero-knowledge proofs are used to generate a proof that the “audit process is correct.” Anyone on-chain can verify this proof without needing to trust any centralized auditor. In terms of security, the operator network is constrained through the Ethereum restaking mechanism (EigenLayer restaking), making wrongdoing come with real costs.
In terms of technical implementation, the rules run inside a trusted execution environment (TEE). Then, zero-knowledge proofs are used to generate a proof that the “audit process is correct.” Anyone on-chain can verify this proof without needing to trust any centralized auditor. In terms of security, the operator network is constrained through the Ethereum restaking mechanism (EigenLayer restaking), making wrongdoing come with real costs.
2
1
75
·
--
Article
Micron’s gross margin hits 84.9%—this money-printing logic is now spreading into the crypto marketMicron just delivered one of the most explosive earnings reports in the history of memory chips: quarterly revenue of $41.46 billion, up 346% year over year; Non-GAAP gross margin of 84.9%, compared with roughly 39% in the same period last year; and net profit of $28.2 billion, up nearly 14 times. The company’s guidance for the next quarter is even more aggressive—revenue of $50 billion and a gross margin of 86%.
After the earnings report was released, Micron’s after-hours share price rose by more than 15% at one point, with its market value crossing $1 trillion. It also lifted the entire storage sector (including Samsung and SK hynix) broadly.
Note this: the judgments given by Micron management during the earnings call are worth remembering—tight supply and demand for DRAM and NAND are expected to continue beyond 2027, and new industry capacity will only begin to be gradually released in 2028. In other words, this is not a one-time inventory-cycle rebound. Instead, AI data centers’ demand for high-bandwidth memory (HBM) has rewritten the pricing logic for the entire storage industry.
Micron’s gross margin hits 84.9%—this money-printing logic is now spreading into the crypto market
Micron just delivered one of the most explosive earnings reports in the history of memory chips: quarterly revenue of $41.46 billion, up 346% year over year; Non-GAAP gross margin of 84.9%, compared with roughly 39% in the same period last year; and net profit of $28.2 billion, up nearly 14 times. The company’s guidance for the next quarter is even more aggressive—revenue of $50 billion and a gross margin of 86%.
After the earnings report was released, Micron’s after-hours share price rose by more than 15% at one point, with its market value crossing $1 trillion. It also lifted the entire storage sector (including Samsung and SK hynix) broadly.
Note this: the judgments given by Micron management during the earnings call are worth remembering—tight supply and demand for DRAM and NAND are expected to continue beyond 2027, and new industry capacity will only begin to be gradually released in 2028. In other words, this is not a one-time inventory-cycle rebound. Instead, AI data centers’ demand for high-bandwidth memory (HBM) has rewritten the pricing logic for the entire storage industry.
After the earnings report was released, Micron’s after-hours share price rose by more than 15% at one point, with its market value crossing $1 trillion. It also lifted the entire storage sector (including Samsung and SK hynix) broadly.
Note this: the judgments given by Micron management during the earnings call are worth remembering—tight supply and demand for DRAM and NAND are expected to continue beyond 2027, and new industry capacity will only begin to be gradually released in 2028. In other words, this is not a one-time inventory-cycle rebound. Instead, AI data centers’ demand for high-bandwidth memory (HBM) has rewritten the pricing logic for the entire storage industry.
121
·
--
Article
Binance 9th Anniversary Campaign (July 2026) — Super Easy Edition
Hello everyone! This is a campaign to earn cryptocurrency (digital money). The total prize pool is $4.5 million—so big, so big! Just tap a few times in the Binance app to get rewards. If you’re lucky, you may even win tons and tons of money.
The most important and most worthwhile activity: “Built by You” (made by you)
Campaign period: July 6, 2026 to July 24, 2026
How to play? It’s super easy—just 3 steps:
1. Step 1: Claim the “Old Fans Red Packet”
Open the Binance app and find the 9th Anniversary campaign page.
Tap to claim your “9YA Bonus” (exclusive bonus for old fans).
Hello everyone! This is a campaign to earn cryptocurrency (digital money). The total prize pool is $4.5 million—so big, so big! Just tap a few times in the Binance app to get rewards. If you’re lucky, you may even win tons and tons of money.
The most important and most worthwhile activity: “Built by You” (made by you)
Campaign period: July 6, 2026 to July 24, 2026
How to play? It’s super easy—just 3 steps:
1. Step 1: Claim the “Old Fans Red Packet”
Open the Binance app and find the 9th Anniversary campaign page.
Tap to claim your “9YA Bonus” (exclusive bonus for old fans).
Binance 9th Anniversary Campaign (July 2026) — Super Easy Edition
Hello everyone! This is a campaign to earn cryptocurrency (digital money). The total prize pool is $4.5 million—so big, so big! Just tap a few times in the Binance app to get rewards. If you’re lucky, you may even win tons and tons of money.
The most important and most worthwhile activity: “Built by You” (made by you)
Campaign period: July 6, 2026 to July 24, 2026
How to play? It’s super easy—just 3 steps:
1. Step 1: Claim the “Old Fans Red Packet”
Open the Binance app and find the 9th Anniversary campaign page.
Tap to claim your “9YA Bonus” (exclusive bonus for old fans).
2
114
·
--
Article
Two layers of protection: TEE+ZKP — dissecting exactly what Newton Protocol’s VaultKit locks downThe trust issue in asset custody has always been a hurdle that cross-chain protocols can’t get around. What if the private key is lost? What if nodes act maliciously? These are the questions I kept thinking about while researching Newton Protocol (NEWT) these past two days. Today, I’d like to discuss its core component, VaultKit, and see whether the answers it provides hold up.
1. TEE is responsible for “isolation”
The role of a Trusted Execution Environment (TEE) is to carve out a “black box” at the hardware level that external programs can neither read nor tamper with. The generation of the private key and the signing operations are all carried out inside this black box. In theory, even if the server running the system is compromised, the attacker would not obtain the private key in plaintext.
Two layers of protection: TEE+ZKP — dissecting exactly what Newton Protocol’s VaultKit locks down
The trust issue in asset custody has always been a hurdle that cross-chain protocols can’t get around. What if the private key is lost? What if nodes act maliciously? These are the questions I kept thinking about while researching Newton Protocol (NEWT) these past two days. Today, I’d like to discuss its core component, VaultKit, and see whether the answers it provides hold up.
1. TEE is responsible for “isolation”
The role of a Trusted Execution Environment (TEE) is to carve out a “black box” at the hardware level that external programs can neither read nor tamper with. The generation of the private key and the signing operations are all carried out inside this black box. In theory, even if the server running the system is compromised, the attacker would not obtain the private key in plaintext.
1. TEE is responsible for “isolation”
The role of a Trusted Execution Environment (TEE) is to carve out a “black box” at the hardware level that external programs can neither read nor tamper with. The generation of the private key and the signing operations are all carried out inside this black box. In theory, even if the server running the system is compromised, the attacker would not obtain the private key in plaintext.
10
2
74
·
--
Article
Once July 1 passes, the legal boundaries of "trading coins" are tightening in syncLooking through regulatory news these past couple of days, what surprises me most isn’t which new rule it is, but the timing—two regulations, one in the EU and one in China, took effect almost on the same day. This kind of "synchronization" hasn’t been common in the past.
First, look at the data and the facts:
On the EU side, MiCAR (Markets in Crypto-Assets Regulation), which has been in the works for years, officially ends the transition period and is fully enforced from July 1. The new rules make it clear: all crypto platforms offering services to EU users must hold an official CASP compliance license. Any temporary VASP registration credentials issued by individual countries in the past are all void—no extensions, no exemptions, and no room for leniency. After implementation, a number of smaller and mid-sized platforms with incomplete qualifications and weak risk controls have already proactively shut down and exited the EU market.
Once July 1 passes, the legal boundaries of "trading coins" are tightening in sync
Looking through regulatory news these past couple of days, what surprises me most isn’t which new rule it is, but the timing—two regulations, one in the EU and one in China, took effect almost on the same day. This kind of "synchronization" hasn’t been common in the past.
First, look at the data and the facts:
On the EU side, MiCAR (Markets in Crypto-Assets Regulation), which has been in the works for years, officially ends the transition period and is fully enforced from July 1. The new rules make it clear: all crypto platforms offering services to EU users must hold an official CASP compliance license. Any temporary VASP registration credentials issued by individual countries in the past are all void—no extensions, no exemptions, and no room for leniency. After implementation, a number of smaller and mid-sized platforms with incomplete qualifications and weak risk controls have already proactively shut down and exited the EU market.
First, look at the data and the facts:
On the EU side, MiCAR (Markets in Crypto-Assets Regulation), which has been in the works for years, officially ends the transition period and is fully enforced from July 1. The new rules make it clear: all crypto platforms offering services to EU users must hold an official CASP compliance license. Any temporary VASP registration credentials issued by individual countries in the past are all void—no extensions, no exemptions, and no room for leniency. After implementation, a number of smaller and mid-sized platforms with incomplete qualifications and weak risk controls have already proactively shut down and exited the EU market.
62
Log in to explore more content
Join global crypto users on Binance Square
⚡️ Get latest and useful information about crypto.
💬 Trusted by the world’s largest crypto exchange.
👍 Discover real insights from verified creators.
Email / Phone number
Trending Topics
NikkeiFalls5%WorstSinceMarch
19,998 views
518 Discussing
#nikkeifalls5%worstsincemarch 🚨 🚨 Japan's Nikkei Just Crashed 5% -- Is This the Start of a Bigger Global Selloff?
🍋 People are getting really worried about what's happening in markets all around the world. Japans Nikkei 225 went down a lot, 5 percent, which's the worst it has been in a long time. This is because investors are trying to get rid of stocks related to Artificial Intelligence and semiconductors.
What is causing all the selling?
📉 The prices of Artificial Intelligence companies seem high
⚠️ The new rules from the United States and China about chips are hurting big technology companies
🛢️ Oil prices are going up and there are problems between countries, which is making people worry about inflation
💥 Investors are trying to be safer with their stocks and with crypto money
When stocks related to chips go down people often start to feel bad, about the whole market.
👀 Is this just people taking their money out because they made a profit or is it the start of a problem?
💬 What do you think you should do now. Should you buy stocks when they are cheap or should you be careful and not take any risks?
#CryptoStocks
#Khan62 #TradebStocks #marketcrash
$AMD
$ASML
$TSM
Khan 62
·2 Likes
·463 views
BrentRises12%Weekly
22,027 views
490 Discussing
HYPEFalls8%
33,169 views
687 Discussing