币圈荒木

The Top Female in the Crypto World｜What Makes He Yi the 'Sister'?

If there is a goddess in the crypto world, He Yi is definitely not a 'marketing persona' but an OG Queen 👑 forged through real effort.

She didn't rise to fame through labels but through hardcore execution and a strategic vision that transcends cycles, step by step establishing herself as an industry benchmark.

🎙️ From a host at CCTV Finance to co-founder of Binance, this is a cross-industry leap that many can't even imagine.

In 2014, she gave up a stable job and jumped into the muddy waters of the crypto world, where Bitcoin was still just a small circle of geeks and idealists, yet she entered when it was least favored.

She bet on the future and won the trend.

Later, she partnered with CZ to found Binance, responsible for the core areas of 'brand, community, and globalization.' She was not just an operator behind the scenes but a core decision-maker 'on the front line':

Connecting global communities
Building a bridge between Chinese content and international users
Establishing platform trust through live streams, AMAs, and Twitter
Driving Binance to become the largest exchange in the world

Her statement 'Binance is everyone's Binance' has touched countless users, making retail investors willing to 'trust once more' during crises.

💬 She never plays the 'victim' or relies on the 'female entrepreneur' label to attract traffic.
She has repeatedly emphasized in public:
'Whether you can get things done is not because you are a woman, but whether you can drive things to happen.'
She is one of the few who can retain users' attention in a tech-dominated industry through 'content + consensus.'
She transformed Binance's brand from a 'cold, centralized platform' to a 'trusted community' without relying on traffic but on deep human understanding + high-intensity execution.
📌 She is one of the few 'articulate, capable, and action-oriented' OGs in the circle.

On social media, she is very outspoken and sincere, occasionally dropping golden quotes for people to ponder:

'If you don’t sell, it’s not a loss.'

'You either love it or leave it. The middle ground is reserved for liquidated retail investors.'

'Not doing anything in a bear market means you’re not even worthy of doubling down in a bull market.'

This is not showing off; it’s a summary—she is the one who has experienced the complete cycle from zero, and what she says, she has truly lived through.

Celebrating BTC breaking through 120,000 USD, daily red envelopes are being distributed.

Celebrating BTC breaking through 120,000 USD, daily red envelopes are being distributed 🧧

This morning, I saw Anza urging validators to act

Solana has a major network milestone to clear tonight 👀
Around 21:30 Beijing time
At the epoch 1079 boundary

Nodes that haven’t upgraded to Agave 4.4.1
or Firedancer 26.10.6
will be forked off
and vote rewards will stop immediately

The patch does just one thing:
sets a minimum loading size for loader-v3 ProgramData
The feature gate activates at the scheduled time
If the two sides calculate things differently, the network splits

It only came out yesterday afternoon
leaving everyone roughly a dozen hours
RPC nodes need to catch up too
or wallets may even read the chain incorrectly

Just making a note of it
This isn’t about the market
It’s a network maintenance day

Just saw something pretty interesting

Kalshi has launched regulated single-stock perpetual contracts in the U.S. 👀
The first batch lets you trade AAPL and AMZN
With nearly 5x leverage
No expiration date
Go long or short directly

The company says it covers the NYSE and Nasdaq
More than 50 major companies
META and others are on the list too
The COO also mentioned that
On the morning of its quiet launch
Trading volume had already topped $300 million

In the past, these kinds of single-stock perpetuals
Were mostly on offshore platforms
With annual trading volume of around $4.5 trillion
This time, they’ve moved onto U.S. soil
With the CFTC and SEC both keeping watch

Of course, lawsuits are still challenging the regulatory stance
But the product is already live

I’ll keep an eye on it
The crypto-style perpetual trading model
Is gradually making its way into U.S. stocks

Spotted an interesting one while scrolling through governance this morning 👀

Aave DAO
has put “Onboard Native BTC as Collateral
via Babylon Trustless Bitcoin Vaults”
on Snapshot

The voting window is roughly
2026-11-06 to 11-09
in Eastern Time

The mechanics are pretty convoluted
BTC stays in Babylon vaults on the Bitcoin chain
instead of being handed to a custodian to make wrapped tokens
On the Aave side, it’s just recorded as a non-transferable accounting token

LlamaRisk recommends
a collateral cap of 300 BTC
and a collateral factor of around 78%

Note
Passing Snapshot is only a governance commitment
A separate on-chain AIP is still needed for the actual launch

The idea of bringing $BTC into lending
sounds cool
but there’s still a long process ahead

I’ll keep an eye on the vote

Checking my phone this morning
and came across another regulatory-related update 👀

Nasdaq-listed Hyperliquid Strategies
(ticker: PURR)
disclosed that a subsidiary has applied to the U.S. CFTC
to register as a futures commission merchant (FCM)

Put simply, it wants to act as a compliant intermediary
If approved,
U.S. clients’ accounts
could be connected to the permissioned perpetual markets under HIP-3

I also took a quick look at the quarterly figures
Revenue: about $13.3 million
Net income: about $620.6 million
Most of it came from unrealized gains on HYPE tokens
It still holds around 38.52 million HYPE

The key thing to remember:
This is an application, not an approval
The timeline and final form are still up in the air

I’ll make a note of it
Another path has opened for on-chain perpetuals
to move toward U.S. regulatory compliance

Saw this morning that the White House is reviewing crypto rules again 😅

The SEC’s draft proposal to adapt broker-dealer rules for crypto
RIN 3235-AN48
was submitted to the White House OIRA on November 3
Status is still Pending Review
It’s also marked Economically Significant

The proposed changes cover
Rule 15c3-1 capital requirements
Rule 15c3-3 customer asset protection
Rules 17a-3 / 17a-4 recordkeeping and reporting
Bringing crypto assets under broker-dealer rules

Congress is still working on its market structure bill
while the SEC is moving ahead with its own rulemaking
Regulatory clarity is inching forward

As a retail investor,
I can’t make sense of long legal documents
but seeing capital, custody, and recordkeeping all being revised
at least tells me this isn’t just empty talk

Worth keeping an eye on
The next step comes after the White House review

This morning, the group chat was still arguing about European tax reforms 😅

Yesterday, the Greek parliament passed a framework for taxing crypto capital gains
Tax rate: 10%
Annual gains of up to €500 are tax-exempt
Crypto-to-crypto swaps won’t be taxed immediately
The rules take effect on January 1, 2027

The EU still hasn’t harmonized crypto taxes
Each country sets its own rules
Rates commonly range from around 8% to 30%
Greece’s new rate is on the lower end
And it includes a small-gains exemption

For a small portfolio like mine,
the €500 threshold seems pretty friendly
But with larger transactions, you still need to keep careful records

Just something to keep in mind
When it comes to taxes in Europe, every country is still doing its own thing

Just came across this: Europe’s largest asset manager is making a move too 👀

Amundi
With around €2.4 trillion in assets under management,
it has launched tokenized shares of its flagship equity index fund,
Amundi Core STOXX Europe 600,
directly on the public Ethereum blockchain.

Its partner is CACEIS,
which handles the tokenization infrastructure and transfer agency.
The fund tracks 600 European large-, mid- and small-cap stocks
and has around €22.8 billion in assets.
It’s still available through traditional channels;
the tokenized shares are an additional share class.

Actually, it already put shares of a money market fund on-chain last November.
This time, it’s moving from cash-like products to an equity index.

I took a quick look:
the tokenized equity market is around $4.24 billion.
US equity products still make up the bulk of it.
European asset managers are clearly trying to catch up.

I’ll make a note of it:
putting TradFi on-chain is becoming less and less novel.

Just came across a new app from Solana Labs 👀

It’s called Leap
The team is the same crew behind Dialect
Dialect was acquired by Solana Labs this year
They built Actions / Blinks and the cashtag feature on X

Early access opens November 5
iPhone via TestFlight
Android coming soon, they say
Official site: leap.xyz
If you’re in one of the restricted regions in the UK, don’t get your hopes up

What can you do with it?
Tokenized stocks, ETFs, metals, commodities, forex, and crypto
24/7
Place orders in dollar amounts
Jupiter routing, Helius infrastructure, Birdeye market data
On-chain swaps

One thing I find pretty interesting:
Research will pin news that affects the market to the corresponding moment on the candlestick chart
PnL details are pretty thorough too, including the cost basis and breakeven for each position

For now, there’s no app-specific fee at launch
Network and routing fees still apply
They plan to use future fees to buy back and burn SOL
There’s also a Founders Club referral reward

GM said Alpenglow is confirmed at around 150ms
Anatoly has endorsed it too

I’ll keep an eye on it for now
If I get a TestFlight invite, I’ll check it out

Scrolling late at night, I came across something else that was a bit surprising 😅

The midterms had just wrapped up,
and people in the group were still saying regulation would be dead in the water for two years.
Then some media outlets reported
that Democrats were discussing expanding the crypto investor rights provisions in Waters' bill
into a comprehensive market structure bill.

The general direction seems to be giving the SEC broader authority
and the CFTC a bit less,
while also adding ethics restrictions on federal officials dealing with crypto.
The actual text hasn't come out yet.
Republicans are calling it a messaging bill.

But just 24 hours ago, the consensus was
that market structure legislation would be shelved for two years.
Now people are talking about reviving the whole Clarity approach again.

For now, I'll take it as news.
Let's see what happens if it actually comes to pass.

Just finished checking the charts and my hands are still shaking 😅

It was still hovering above 80K during the day
Then it got dragged down by the sell-off in U.S. AI stocks
In a short time, it slid from around 81K all the way to around 76.5K
Watcher is also showing
About $400 million in long liquidations over 60 minutes

Nasdaq down around 4%
S&P down a little over 2%
NVDA down about 8%
AMD and MU also fell by double digits
COIN down about 8%
HOOD down about 10%
MSTR down about 8%

Gold, on the other hand, caught a bid
Up about 1% to around 4,116
Feels like risk assets are all letting go at once

After watching the bounce following the midterm elections this morning
Tonight it gave back 80K again
I'm not rushing to buy the dip
Let's see if it can hold around 76K

Just saw a phone maker put stablecoins right into its system wallet
Samsung

Samsung Wallet stablecoin accounts
are now live for U.S. Galaxy users
Buy, hold, transfer, and receive USDC directly
on Solana

Compatible with around 82 million devices
Requires a Samsung account, Android 13+, and age 18 or older
New York residents can’t access it yet

No Samsung fees for transferring USDC between wallets
You can also send funds to bank accounts in over 60 countries
Some support conversion to local currency; fees vary by region

Accounts are held by a licensed custodian
Everyday users don’t need to install a separate crypto app
or manage their own private keys

Stablecoins are moving into the phones people use every day 📱
Maybe buying coffee or sending money will take one less app 🙂

In crypto, the community often pushes for delivery while the team waits for token unlocks—and the two things often seem to move on separate tracks. The product can wait a little longer, but the unlock calendar hasn’t missed a single day 😂 So with NeoSoul’s Believe Plan, the question I most want answered is: if the community sets challenges that could actually prevent the team from receiving its current unlock, will the team still accept them?

Based on the direction announced this time, each team unlock will first have to pass KPIs. If the targets aren’t met, the tokens won’t unlock, and the community can also help set the challenges. Last month’s proposals focused on real revenue, retention, and on-chain verifiability—not token prices or trading volume as measures of success. I support that direction.

But setting the challenges is only the first step. Who chooses them? Who scores them? And whose decision counts when the team and community disagree? Those are the things that determine whether the community is holding an actual exam paper or just a suggestion box.

I hope the rules to come will answer one question: if the community raises an issue the team doesn’t want to hear, but one that really could determine the product’s success or failure, can it stay on the table and become a challenge the team has to face?

For now, let “a project built to last a century” remain a vision. The real test of a promise is whether the rules still hold when delivery falls short and the team itself has something to lose.

That’s far more convincing than any number of “Believe” shouts when the going is good.

See @NeoSoulAI’s main post today for the details. I’d rather see everyone set tough challenges. If you say you won’t grade your own homework, then don’t just pick questions you already know how to answer.
@NeoSoulAI
#NeoSoul

I came across something pretty surreal today

After nine years as an independent Layer 1 blockchain, Zilliqa
announced today that it’s transforming itself
into something called Zilliqa Institutional Layer
— an institutional-focused L2 on Ethereum

In a nutshell:
Settlement happens on Ethereum
Verified identities are embedded using vLEI
A permissioned marketplace for verified institutions
Liechtenstein’s state-backed LTIN will run the sequencer
and also become a qualified vLEI issuer

The token is still ZIL
The team says holders don’t need to do anything today

They were pretty blunt about it themselves:
usage on the independent L1 never really took off
Funding and liquidity dried up, too
while security costs kept burning through cash
More details are on their website: zilliqa.com

I took a quick look
ZIL is around $0.0017
and down about 5% over the past 24 hours

An L1 that’s spent nine years pivoting to an L2 for institutions
— not a script you see every day
Worth keeping an eye on. Let’s see how they put it into practice.

Just saw another payments giant launch stablecoin payouts
Stripe

U.S. merchants can now test Global Payouts
Send USDC or OUSD directly to someone’s crypto wallet
Available in over 160 markets
Usually arrives within minutes

Funds come from a merchant’s USD or USDC balance in Stripe Treasury
Stripe handles the exchange rate and conversion
No need for merchants to integrate with a blockchain separately

USDC is available on quite a few networks:
Arbitrum, Avalanche, Base, Ethereum, Optimism, Polygon, Solana, Stellar, Tempo
OUSD is currently available on Base, Ethereum, Solana, and Tempo

New York merchants can’t get in on this yet
They’re waiting for the waitlist

Stablecoins are moving beyond price speculation to real salary and payment payouts 💸
Maybe cross-border settlements will have fewer hoops to jump through in the future 🙂

Came across the news tonight that another asset management giant is going on-chain
Schroders

With around $1.1 trillion in assets under management,
it’s bringing its emerging markets debt strategy to Solana with Centrifuge
This is its first time on this chain

The product is called SISF
It’s a feeder share class
You hold an on-chain share
Its NAV tracks the underlying Emerging Market Bond fund
Covering sovereign debt, corporate bonds, and local-currency debt

They’ve been investing in emerging markets debt for over 50 years
With more than 40 dedicated investment professionals
Now they’re bringing an active credit strategy on-chain
It’s no longer just government bonds and money market funds

Tokenized assets on the Centrifuge platform have surpassed around $750 million
The overall RWA market is roughly $39 billion
Cash and money market funds still account for around $14 billion

Trillion-dollar legacy finance is starting to take on emerging markets credit risk
On-chain fixed income is looking less and less like a deposit alternative 🙂

Just came across some new details on miner Riot
Ticker: RIOT

It signed a roughly $28 billion, 15-year power and land lease with Anthropic
About 910 MW in total in Corsicana, Texas
Once fully operational, annual rent is expected to average around $1.8 billion

Total project investment is about $5.5 billion
Up to roughly $3.6 billion of that is reimbursement to Anthropic for data center modules
If financing falls short, Anthropic can also recoup the amount through rent offsets
Plus interest at an annualized rate of about 12%

Phase 1 is expected to start generating rent around June 2027
with phased payments continuing through July 2028

To transition to AI data centers,
Riot sold about 20,264 BTC in the first three quarters of this year,
raising about $1.5 billion
It had only about 2,418 BTC left at quarter-end
and said it would continue selling most of its newly mined coins

Miners are selling coins to fund computing power
Lease agreements are so big they include 12% interest clauses
U.S. stocks and crypto are pretty tightly linked this time 🙂

Came across Arthur Hayes’s new long piece tonight
It’s titled “D is for Dilution”

The core argument is pretty hard-core
SpaceX (SPCX) could face around 50% dilution by June 2027
About 8.6 billion shares are set to unlock, mostly from Musk’s vesting shares

It’s even more intense for Anthropic
He estimates early investors could face around 83% dilution by June 2027
That’s the kind of math where supply hits you in the face before you’ve even popped the champagne

OpenAI’s IPO is slated for 2027
All three are riding the compute-demand narrative
If their share prices soften, sentiment around AI credit could cool too

His chain of logic goes like this:
Equity dilution → pressure on AI stocks → slower bank balance-sheet expansion → tighter dollar liquidity → short-term headwind for BTC

His own Maelstrom is staying on the sidelines
Saying it’ll wait until liquidity conditions ease a bit more

After reading it, I’m left with one feeling:
The narrative is still climbing, but supply is lining up too
In the short term, don’t tie AI and BTC together as if they’re joined at the hip 🙂

Just saw that South Korea has pushed back its crypto tax again.

It was originally set to take effect in January 2027, but today the finance ministry changed course and delayed it to 2029.

This is already the fourth postponement since 2020 😅
The tax rate remains 22% (including local tax) on annual net gains exceeding KRW 2.5 million.

The official reasoning is pretty practical:
The U.S. won't join the OECD's CARF information exchange until 2029, and taxing crypto earlier could put domestic traders at a disadvantage compared with those overseas.

They also mentioned that losses can be carried forward for three years.
Minister Lee Hyeong-il said the working group will continue through the first half of 2027, with legislation planned for 2027 and detailed rules for the first half of 2028.

The news just started circulating in the group.
I'll make a note of it for now and see how the National Assembly responds.