小-灰灰

Friends who trade and swap coins—have you really calculated your numbers? The small fees you pay per trade may seem insignificant at first, but after frequent activity, the total amount adds up to more than you might expect—sometimes even more than your principal.
This isn’t meant to scare you. Open the Binance app, then tap “Funds” → “Futures” → “Today’s P&L” → “Funding Fees & Trading Fees” to check the total fees over the past year. For high-frequency futures traders or players holding large positions, it’s absolutely not exaggerated for monthly fee expenses to exceed your principal.
So you must enable commission rebates! Why let the money you should receive go to the market for free? Once you turn on commission rebates, the trading fees will be automatically returned to your account. Each month you can save at least a few hundred to a few thousand U. The system settles automatically—if your volume is high, I can also provide additional manual rebates. And it’s not just futures; spot trading fees also qualify.
Spend what you need to spend, but whatever can be saved should be saved. If you’ve been following my content for a long time and also want to support me, feel free to share the invite link below with friends around you. During registration, enter the exclusive invitation code MUZIXIAOHUIH. Don’t forget to fill it in—if you don’t, there will be no commission rebate.
Latest commission rebate registration link: https://www.bmwweb.ac/join?ref=MUZIXIAOHUIH
(If the link doesn’t open in your browser, entering the invitation code directly works the same.)
Fees you save are profit you earn—don’t argue with your own money.

President Maduro is our friend, but Venezuela's debt issue is truly concerning!\n\nChina has provided Venezuela with loans of about 60 billion to 65 billion US dollars. Taking into account direct investments and project contracts, the total exceeds 70 billion US dollars. Now, with the Trump administration exerting comprehensive pressure on Venezuela, the future political direction is full of uncertainty. What worries us the most is—if there is a regime change, will the new government recognize and repay these debts?\n\nThis amounts to nearly 350 yuan owed by each Chinese person to Venezuela. Recently, the country's economy has once again fallen into difficulties. If the debts cannot be recovered, it is indeed distressing!\n\n#VenezuelaDebt #ChinaOverseasLoans #Geoeconomics #Maduro #TrumpSanctions #ExternalDebtRisk #PublicConcern #国际金融 $BCH #币安 \n

Since Unitree Robotics went public, the $NITREE contract has become a high-beta trading venue for on-chain bets on embodied AI. On Unitree Robotics’ first day of trading in August, the contract market had already seen unrealized losses for shorts and negative funding rates. Today, the Physical AI and World Model Conference (October 19–22, Nanjing) opened an event window. Unitree Robotics’ share price rose 16.15%, bringing its market capitalization to RMB 200.58 billion, while shorts in the contract market were squeezed again: over the past 12 hours, total liquidations across the market reached $1.9284 million, including $1.9049 million in short liquidations and just $23,500 in long liquidations.

The funding-rate structure is even more significant. Hyperliquid recorded five consecutive rounds of negative funding rates from 10:00 to 14:00, totaling approximately -0.47087%. The current rate is -0.13732% per hour, equivalent to an annualized rate of approximately 1,240%. Binance’s rate is -0.777501% per 4 hours, about 38% higher than Hyperliquid’s. Based on these rates, the funding cost for a $10,000 short position over 24 hours is approximately $338 on Hyperliquid and $467 on Binance. Squeezed by both rising prices and the cost of holding positions, shorts are being forced to reduce their positions. #美股

Waiting for the bull market to arrive! I still believe CZ’s book has the most potential to become the next DOGE. It launched in Japan today, and will be released in more countries over time; CZ has already planned to launch it next in Vietnam.

$币安人生 The Chinese edition has given back some of its gains for now, but that doesn’t change my bullish outlook on Binance Life.

$Freedom of Money The English edition is still around breakeven. Believe in CZ. For now, CZ’s book may have become Doge Bro’s only faith. Let’s keep waiting for the bull market and look forward to a 1,000x gain! #灰度联合Republic推出三只加密基金 #萨尔瓦多比特币持仓突破7800枚

This is a photo of the two richest men in 2014. According to a retrospective article by Pandaily, in the fall of 2014, a group of Chinese entrepreneurs—including Zhang Yiming of ByteDance, Li Wanqiang of Xiaomi, and OnePlus CEO Liu Zuohu—went to Silicon Valley to learn, where they met Tesla’s Elon Musk and Twitter’s then-CEO. Twelve years later, one of the two men in the photo has become Asia’s richest person, and the other the world’s richest; Twitter is now owned by the latter and has been renamed X.#回忆 #致敬春 #灰度联合Republic推出三只加密基金 #比特币突破8.2万美元

Crypto watchlist for this week:

· $AERO : Aerodrome will launch its new multichain DEX, “Aero,” on October 21.
· $LIT: Lighter’s Q3 investor update call is scheduled for October 21; Lighter is also about to launch options trading.
· $SOL : Solana’s Alpenglow network upgrade goes live on October 21.
· kinetiq:native: Kinetiq will launch Elysium this month, the first Hyperliquid L2.
· $OSMO : A proposal to end OSMO inflation is expected to go live on October 20.
· $STRK: A proposal for Starknet to transition from an L2 to an independent L1 is currently being voted on. Voting continues through October 22.
· $JUP (contract: JUPyiwrYJFskUPiHa7hkeR8VUtAeFoSYbKedZNsDvCN): 50 million JUP will be distributed to JUP stakers as staking rewards next week.
· $ZK: zkSync will make a major announcement on October 21.

Hope you find this list helpful 🫡

$SOL There should still be opportunities in this bull run. Large investors are choosing SOL. SOL is currently priced around 100, and if it breaks through the previous bull run’s high of 295, it could gain approximately 200% (about 2x). Overall, the outlook is relatively certain, and the risk is comparatively low. Smaller investors can pay attention to tokens in the SOL ecosystem. Solana’s Alpenglow upgrade will go live on Wednesday, with a finality target of reducing confirmation time from 12.8 seconds to around 150 milliseconds.

$JUP : Solana trading aggregator sector; 50% of revenue is used for buybacks.
$RAY : One of the leading AMMs, also expanding into LaunchLab; 12% of fees are used for buybacks.
MET: Focuses on token liquidity; stakers can earn fee revenue and benefit from value generated by buybacks.
PUMP: Focuses on Meme launches and trading; 50% of revenue is used for buybacks.

If SOL breaks above 300 next year, these ecosystem tokens could also have a chance to rise 5–10x.

The above is only a summary of my personal views and does not constitute investment advice.

Last night’s flash crash in AI-related stock perpetuals was a wake-up call for everyone trading tokenized U.S. stocks. Looking back, it was a “meat grinder chain reaction”: a whale market-sold $2 million worth of $SNDK longs on Binance. Because liquidity in the new market was too thin, that immediately triggered a flash crash. At almost the exact same second, around 10 addresses on Hyperliquid frantically swept the order books, shorting assets such as SNDK and $MU . Get it, guys? They weren’t taking profits—they were “targeted demolition,” using Binance’s shallow order book to trigger a flash crash, set off liquidations of longs across the market, then ride the move by opening shorts on-chain, completing a perfect loop. This is really exploiting the liquidity loophole to a tee. #纳指道指周度差距创2002年7月来最大

Top 10 altcoins by 24-hour trading volume (excluding BTC and stablecoins) — October 18, 2026
$ETH leads by a wide margin with $8.2 billion.
Bottom 6:
$CT – $930 million
$NEAR – $930 million
$WETH.US – $877 million
ZEC – $775 million
SUI – $769 million
DOGE – $671 million

Trading volume is an important factor when choosing altcoins for the long term: the higher the volume, the better the liquidity, and the greater the chance that incoming funds can drive a “mega-cap” rally.#灰度联合Republic推出三只加密基金

I’d advise adults not to play around with meme coins launched by fellow Chinese people. Adults should have basic judgment. If you launch a coin in China and someone reports you, you could end up in prison. If you’ve suffered huge losses because of this, I suggest reporting it to the police. Why was Justin Sun placed under travel restrictions? It was because he raised funds from Chinese people by issuing tokens for his project back then. Although he left early, he still can’t return to mainland China. Of course, if I had a net worth of hundreds of billions, I wouldn’t go back either. The crypto world really should aspire to be a community of global citizens.#玩坏了 #一级市场风险

$BTC $SPCXB $NVDAB
Hits a new high in 2026: After the Clarity Act failed to pass, the SEC swiftly issued a five-year exemption framework allowing the issuance and trading of tokenized stocks, and clarified that liquid staking tokens are not securities. But analysts warn that guidance issued at the FAQ level carries limited legal weight and could be amended or withdrawn.#纳指道指周度差距创2002年7月来最大 #Celestia涨16%创2026年新高
The SEC’s “innovation exemption” for five years: a boon now in effect, or one that could be revoked at any moment?

$Crayfish There are so many bagholders—they can't even read the most basic chart. I said yesterday it was all insider trading; they just changed the name and dumped their entire position, making tens of thousands of dollars. And there are still bagholders fantasizing that they can pump it? I really have to hand it to Boss Xiaobo: he changes the name and acts like nothing happened, then starts trading futures with his profits again. #灰度联合Republic推出三只加密基金 #法国众议院通过稳定币税修正案 #币圈那些事

Grayscale DeFi Fund completed a portfolio rebalance: increased its $UNI holdings by over 5% ($ENA ) and reduced its $AAVE holdings. I suspect it’s betting on expectations of a UNI fee switch and the stablecoin-yield narrative around ENA; AAVE’s fundamentals are solid, so this may just be profit-taking. Adding to UNI and ENA while trimming other positions clearly shows a bet on leading DeFi protocols—the direction is clear.

What’s going on? Are we no longer keeping the country closed off, or has SOL become a state-owned enterprise like that certain exchange? A centralized public blockchain, and the American SOL comes to Shanghai to taunt us right to our faces? Though the market doesn’t seem to have reacted much.
$SOL #Celestia涨16%创2026年新高

Tesla is already showing off its prowess with jets and flying cars—seriously impressive. Meanwhile, domestic companies are still locked in a race in the electric scooter market. It’s honestly a bit disappointing—what’s the point?
$TSLAB

Sun revealed that when ETH was around $4,000 last year, he sold more than 80% of his holdings and has yet to buy back in. Looking back at Justin Sun’s (justinsuntron) trading moves on $ETH over the years, he’s truly the king of ETH cycles and a master of buying the dip and selling the top. #纳指道指周度差距创2002年7月来最大 #灰度联合Republic推出三只加密基金

Whenever a major crypto industry blowup happens, a lot of people think the industry is finished. Then somehow, an entirely unexpected narrative comes out of nowhere, creates another wealth effect, and gets the industry back on track.

2018: ICOs collapse. Everything goes to zero.
2019: A dead market. Gambling on small-cap coins, perpetual futures, and mainnet launch announcements.
2020: DeFi summer. Yield farming, insane pumps, overnight fortunes, and rug pulls.
2021: L1/L2 mania, #Solana , #BNB Chain, NFTs.
2022: LUNA, FTX. Total devastation. Crypto is declared dead once again.
2023: Meme coins start taking over.
2024/2025: Meme coins explode everywhere. New chains, new trends, new millionaires.
2026: AI agents on Base, #Robinhood meme, and now it’s quiet again.

See the pattern in crypto? Every time we think the industry is over, something completely unexpected shows up and changes everything.

I’ve never worried about whether this industry will survive. The only question is: will you still be here when the next wave hits?

You don’t need to predict what’s next. You just need to make it to that point. The next driver of a wealth effect might not even have a narrative yet.

Starting over from scratch has always been a defining feature of this industry. $SOL $BNB

Over the next 10 to 20 years, the steadiest and most cost-effective way for ordinary people to manage their money is to dollar-cost average into $QQQ and $NDAQ.US . Don’t fixate on a downturn in one or two particular years; take a longer view and focus on average returns. Don’t tinker, don’t be biased, and don’t be suspicious. Admit that you’re just an ordinary person: you can’t handle high volatility, and getting rich overnight isn’t for you. Your only advantage is time. You’re here to witness history, not make it; ordinary people can’t create stories either—in investing, they only create disasters. For ordinary people to seek relatively high returns with low risk means following the most domineering, unreasonable, and overbearing vehicle in the world—but also the most liquid and the one best at harvesting the world’s wealth: the U.S. stock market. #美股 #代币化 #纳指100本周跌5.5%创18个月最大周跌幅

Most people in crypto have no trading system at all; they trade purely on intuition. For example, if a moving average golden cross has been profitable lately, they think they've found a pattern and start taking lots of trades like that, without realizing that most similar trades before it were losers. Making a little money at the start is actually more dangerous, because they'll increase their leverage and end up losing even more. That's how many people lose everything, chasing one “pattern” after another. I lost badly at first too, but eventually I changed my approach: I backtested using lots of historical data and compared lots of assets. If a strategy only works on one asset, it's garbage, because it's just overfitted to that asset's historical data. Switch to other assets—or even try it again on the original one—and you'll lose heavily.#比特币突破8.2万美元 #Strategy周五股价下跌9%

$币安人生 . From the perspective of trading volume, $牛来 has greater volume and higher activity, with relatively more opportunities; the preferred trading strategy is to go long.#比特币突破8.2万美元 #Celestia涨16%创2026年新高