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#币安聊天室 #新手小白 $pippin $SOL

The CEO of Solana Labs, Anatoly Yakovenko, seems to have a big plan—he is working on a high-performance decentralized perpetual contract trading protocol called Percolator, and he intends to develop it natively on the Solana blockchain, which is quite ambitious!

According to the document released on GitHub on October 19, this project has entered the "ready to go" stage. Percolator is positioned as an on-chain perpetual contract DEX where users manage their own wallets, and the most striking design is an on-chain routing program that allows users to monitor their positions, adjust margin, and calculate combined collateral ratios. Even more impressive is their new feature called "Slabs"—which is said to create separate order books for different tokens, making it sound like splitting the DEX order book into multiple small engines running simultaneously, claiming to enable market makers to operate more efficiently.

Although GitHub shows that the core data structures are completed (the routing program, Slab, memory pool, and other key modules are marked as "completed"), the clearing engine and these components are still lying on the development list, and the launch time has not even been hinted at. However, at least two developers have submitted code merge requests to the project, which seems to have attracted some technical experts.

In my opinion, if this project can truly run as designed, it might bring some fresh air to the decentralized derivatives market. But that being said, while the development progress looks quite in-depth, the core component, the clearing engine, is still not done, so it may take a considerable amount of time before the official launch. However, it is, after all, worth paying attention to a foundational protocol focusing on perpetual contracts emerging in the Solana ecosystem. Walking alone is lonely; follow me, pin the chat room to unlock more spot contract strategies, not just a participant in a bull market, but a victor in the bull market! #美联储重启降息步伐

The capital flow in the digital asset market is diverging, and investors' attitudes are intriguing.

Coinshares' latest weekly report reveals the recent complex capital flow situation in the digital asset market. Last week, digital asset investment products experienced an outflow of $513 million, with a cumulative net outflow of $668 million since the "10.11 incident." This indicates that ETP investors are relatively calm in the face of market volatility, while on-chain investors are permeated with pessimism.

From a regional perspective, the capital flow shows a clear polarization. The US market has become a "disaster area" for capital outflow, with an outflow amount reaching $621 million. In contrast, Germany, Switzerland, and Canada saw investors treating price corrections as good buying opportunities, with inflows of $54.2 million, $48 million, and $42.4 million respectively, forming a stark contrast.

In terms of major assets, Bitcoin has become a major "blood loser," with a net outflow of $946 million last week. Although there has been a cumulative inflow of $29.3 billion since the beginning of the year, the gap compared to $41.7 billion during the same period in 2024 is significant, and the growth momentum has slowed.

However, the market is not entirely bleak. Although Ethereum's price is weak, it has attracted investors to position themselves, with an inflow of $205 million. Notably, a 2x leveraged ETP product saw a weekly inflow of as much as $457 million, demonstrating investors' strong optimism towards Ethereum.

Additionally, expectations for the listing of Solana and XRP ETP products are heating up, driving inflows of $15.6 million and $7.39 million respectively. This indicates that investors' anticipation of new products is bringing a bit of vitality to the market.

Overall, the capital flow in the digital asset market is diverging, and investors' attitudes vary. How the market will trend in the future depends on the performance of various assets and the subsequent actions of investors. If you're still confused about how to operate? Click on the avatar to follow me, this round of the market will explode with more 100x coins, instead of guessing, it's better to grasp in the chat room! #美联储重启降息步伐

Evernorth Launches, XRP Institutional Applications May Welcome a New Chapter

Official news is here! Evernorth Holdings Inc. (referred to as “Evernorth”) officially begins its operations today and has reached a business merger agreement with the publicly listed special purpose acquisition company Armada Acquisition Corp II (NASDAQ: AACI). This company's goal is clear: to promote the large-scale application of XRP at the institutional level, and it has substantial ambitions.

After the transaction is completed, the merged entity will continue to use the name Evernorth and plans to be listed on the NASDAQ stock exchange under the ticker symbol “XRPN” once it meets the listing requirements. This name and ticker symbol are clearly closely linked to XRP, demonstrating its focus.

This transaction is expected to raise over 1 billion dollars in funding, featuring a quite impressive lineup. SBI invested 200 million dollars, and leading institutions and investors in the digital asset and fintech sectors, such as Ripple, Rippleworks, Pantera Capital, Kraken, and GSR, have also contributed funding, with even Ripple co-founder Chris Larsen participating.

Most of the raised funds will be used to acquire XRP in the open market, creating a top-tier institutional-level XRP asset reserve globally. This not only enhances XRP's standing in the institutional market but may also influence its price trends. The remaining funds will be used for daily operations, general corporate purposes, and transaction fee payments.

In my view, this series of actions by Evernorth is likely to inject strong momentum into XRP's development at the institutional level, pushing it toward a broader stage. However, the digital asset market is unpredictable, and the final outcomes remain to be seen. Click on my avatar to follow me for more spot trading strategies, rolling warehouse strategies, and hundredfold coin selections. #加密市场观察

《Resisting the Listing Companies' 'Crypto Frenzy': The Three Major Exchanges in Asia-Pacific Did a Great Job!》

The three major exchanges in the Asia-Pacific region resist listing companies' 'bets' on cryptocurrencies, a wise move!
According to Bloomberg, the three major stock exchanges in the Asia-Pacific region—Hong Kong Stock Exchange, Indian Exchange, and Australian Exchange—are collectively saying 'no' to the trend of listing companies hoarding cryptocurrencies as their core business.

The Hong Kong Stock Exchange has performed particularly well in recent months, questioning at least five listed companies that plan to transform into crypto treasury (DAT) companies. Its basis is that such transformations violate the regulations prohibiting listed companies from holding large amounts of liquid assets. The Indian and Australian exchanges are also following suit, setting heavy obstacles for listed companies to transition to crypto treasury companies.

In my opinion, this initiative by the three exchanges is very wise. The cryptocurrency market is highly volatile and risky, lacking effective regulation, and prices can easily be manipulated. If listed companies focus their core business on this, they are undoubtedly tying their fate to this extremely unstable 'rope'. Once the market crashes, not only could the companies themselves face huge losses, but it could also severely harm the interests of a large number of investors. The exchanges' resistance to this trend is safeguarding market stability and protecting investors' rights, which is commendable! #加密市场观察

Beware! The "scam" of cryptocurrency is stirring again

According to Forbes, in January this year, a meme coin called MELANIA emerged, claiming to be the "official" one, and promoting itself under the banner of First Lady Melania Trump, with its launch time roughly coinciding with Donald Trump's presidential inauguration.

By April, a group of cryptocurrency traders couldn’t sit still anymore and took the matter to court. They filed a lawsuit claiming that several meme coins, like M3M3, LIBRA, ENRON, and TRUST, had developers who formed a coalition to play the scam of "pump and dump". These individuals deliberately manipulated the issuance of coins, making themselves rich while leaving investors with massive losses.

This Tuesday, the plaintiffs updated the lawsuit, directly naming MELANIA as being involved in the scam. However, they did not accuse Melania herself of participating in the fraud, only stating that she unknowingly served as a "figurehead" for the project, providing an endorsement. The plaintiffs also emphasized that if the First Lady's team knew this matter was related to crime, they would definitely withdraw all authorizations immediately.

As of now, neither the White House nor the defendant's lawyers have commented on the matter, and it remains unclear what they are up to. In my opinion, the cryptocurrency market is indeed chaotic, and investors must keep their eyes open to avoid accidentally falling into traps! Recently, the focus has mainly been on internal sharing. If you want to learn more useful tutorials and trading insights, join the chat room to unlock more valuable knowledge. #加密市场观察

Now the attention of the entire network is focused on the Federal Reserve's interest rate cuts, but I feel that the benefits brought by this wave of interest rate cuts by the Federal Reserve have mostly been fully released. Take Bitcoin as an example, it rebounded from $80,000 to $94,000, which is essentially the market speculating on the Federal Reserve's interest rate cut. Next, we need to focus on the Bank of Japan's interest rate hike next week.

Many people may have forgotten what happened in 1998. At that time, after Japan ended its ultra-low interest rate policy, the entire Asian financial system was hit hard. Indonesia and Thailand simply couldn't withstand it, and South Korea was on the brink of bankruptcy. Back then, the Federal Reserve symbolically cut rates by 25 basis points, and by early October, the yen's exchange rate suddenly surged. This was significant; those who borrowed yen to buy US Treasuries had to sell off their Treasuries frantically to exchange back for yen. As a result, US Treasury yields soared, and all high-risk assets suffered, with tech stocks and Bitcoin plummeting. Later, the Federal Reserve had no choice but to cut rates by 75 basis points in one go, leading to a rebound in the US stock market.

Why is the yen's interest rate hike a negative for global capital markets? The reason is simple: at that time, many people globally were borrowing yen at extremely low costs to buy US Treasuries. When the yen appreciates, everyone has to quickly sell Treasuries to exchange back for yen, or they will incur losses. This leads to rising US Treasury yields, which in turn impacts all high-risk assets; this logic still applies today.

Looking at the recent contract position data, whether from the Commodity Futures Trading Commission (CFTC) or the Chicago Mercantile Exchange (CME), both show that contract positions have been increasing, making it feel like someone is waiting for the Federal Reserve's interest rate cut to harvest a wave. However, the real key is actually next week, with the Bank of Japan's interest rate hike coupled with the release of US CPI data. If the CPI data significantly exceeds expectations, it could be troublesome; on one side there's interest rate hikes, and on the other side, inflation, which would subject the market to a double blow, leading to greater volatility.

Next, we need to closely monitor Powell's speech after the Federal Reserve's interest rate cut. If he signals a dovish stance, meaning a more accommodative policy attitude, the market might bounce back a bit. But if he leans hawkish, indicating a tightening of policy, coupled with the Bank of Japan's interest rate hike, then the upcoming market situation could be challenging. #美联储重启降息步伐

Official news has arrived! In the AI trading competition held at the nof1 Artificial Intelligence Research Lab, Qwen3 Max has outperformed DeepSeek, and now there is still $12100 left in the account, with a gain of 21%, temporarily ranked first.

Qwen3 Max8 has stated that although the investment portfolio has increased by 21%, the Sharpe ratio is negative. So it plans to continue holding a long position in Bitcoin with 20x leverage, and if it rises to $112253.96, it will quickly sell part of it to make a profit. If it falls to $105877, it will stop loss. Right now, it has only $96.8 left in cash, so it won't make new trades for the time being.

On-chain AI analysis tool CoinBob tracked that on October 21, Qwen3 Max8's address spent $107993, using 20x leverage to buy 1.96 bitcoins long position, and later when the price retraced to around $107000, it decisively increased its position. This operation looks quite methodical! If you want to delve into this circle but can't find a clue, and want to quickly get started to understand the information gap, you can click on my profile picture to follow for more firsthand information and in-depth analysis. #代币化热潮

"Fry! Trump's Pardon Order, CZ and the Cryptocurrency Industry's Dramatic Turnaround!"

White House Press Secretary Karine Jean-Pierre stated that President Trump used his constitutional power to pardon CZ. CZ was prosecuted during the Biden administration's "war" on the cryptocurrency industry, receiving quite a heavy sentence, and now this "war" seems to be over. The fact that CZ has been pardoned is significant; not only does it change his personal fate, but many also see it as a strong signal that the U.S. government's policy towards the cryptocurrency industry is about to change, indicating that the industry will receive more political attention and that regulations may loosen. Although a presidential pardon does not erase the charges completely, it can restore some of CZ's rights, and who knows, he might be able to return to Binance's management or allow Binance to conduct business in the U.S. again.

In early September of this year, CZ quietly removed the label "former @binance" from his personal profile, and soon after, rumors began to circulate that he might be pardoned. Initially, CZ denied lobbying for the pardon, but later admitted in a podcast that he had submitted a formal pardon request. Previously, CZ had a criminal record, which became a significant hassle for Binance to conduct business, affecting its ability to apply for regulatory licenses and open bank accounts worldwide. Although CZ is no longer CEO, his personal reputation and influence in the industry are still very important for Binance, and the pardon can give Binance more confidence in the global market.

However, Democrats will certainly be unhappy about Trump's pardon of CZ and are likely to question it strongly. Earlier this year, Democrats demanded that the Trump administration clarify its dealings with Binance and CZ regarding the pardon, pointing out that there are financial ties between Binance and the Trump family, raising moral concerns. While Trump brings benefits to the market, the cryptocurrency sector's heavy reliance on Trump's political status has also become a potential uncertainty factor, so how Trump performs in the 2026 midterm elections is something everyone should closely watch. #ETH走势分析

"Countdown to the publication of CZ's new book: What investment 'treasures' will it hide?"

Binance founder CZ said his new book is about to be published! As early as March 14, 2025, CZ revealed on platform X that he had written a book of approximately 114,000 words, which may cover his work experience, the state of the cryptocurrency industry, and some of his own insights.

On April 3 of this year, CZ also shared some investment insights from the new book. His investment philosophy primarily has three key points:

First, one must pay attention to the fundamentals and not be fooled by flashy business models. It is essential to focus on product quality, whether the user base is growing, how much revenue and profit there is, and the strength of the team.

Second, one should make long-term investments, getting in early and holding on. Early participants often receive disproportionately high returns. Moreover, great successes develop gradually; setbacks and brief failures, like those of Terra, are inevitable on the investment journey.

Third, one should invest in founders with a sense of mission; great companies are built on mission-driven thinking. #加密市场观察

《“Cryptocurrency Master” colludes with platforms to commit fraud, when will the chaos of virtual currency investment end?》

According to news from the Shanghai Prosecutor's WeChat account, the Shanghai police have dismantled a fraud gang that was deceiving people under the guise of “Cryptocurrency Master.” They had previously colluded with certain virtual currency investment and financial management platforms and agreed on profit-sharing, taking commissions based on the losses customers incurred on the platform. With this financial incentive, they began to carefully design their scams.

Some members of the gang spread information about low-priced virtual currency exchanges on social media and forums, waiting for those looking to make money to take the bait. As soon as someone made contact, another member would immediately engage with them posing as an “investment expert.” They would first build rapport and then send fake investment profit screenshots to the target, with seemingly real profit data that would gradually make the target lower their guard and trust them completely.

In the end, this gang would induce the target to increase their investment leverage and then use malicious market manipulation techniques to make the virtual currency they invested in “crash,” funneling the money straight into the fraudsters’ pockets.

In March 2025, the Yangpu District Prosecutor's Office prosecuted Peng Moumou and seven others for fraud. From April to May 2025, the Yangpu District Court also sentenced Peng Moumou and others for fraud, with prison terms ranging from one to five years, along with fines.

The report also stated that in our country, virtual currencies do not have the same legal status as fiat currencies, and investing in and trading virtual currencies is not protected by law. Although it has characteristics such as scarcity, anonymous trading, and high volatility that can easily make people feel they can quickly earn large sums of money, we must be clear that high returns often come with significant risks, so don't be easily deceived! #加密市场观察

《After the huge震 in the crypto market in October, can we really enter the "crazy rise" mode by the end of the year?》

Tom Lee stated in an interview with CNBC that on October 11, the cryptocurrency market experienced a massive deleveraging operation, partly due to tariffs and trade frictions. This was the most severe liquidation in the crypto industry in the past five years, and the impact has been particularly significant; even two weeks later, the pessimistic atmosphere in the market remains thick.

However, I believe this terrible situation is about to end soon. You see, the contract positions for Bitcoin and Ethereum have dropped to historic lows, and from a technical indicator perspective, their trends are turning in a positive direction. So I dare say that cryptocurrency will definitely see a wave of price increase before the end of the year.

Also, JPMorgan recently hinted that they might use cryptocurrencies as collateral in the future, which would definitely boost market confidence significantly. As for the upcoming strategic layout, I will join my loyal followers in targeting the opportunities for massive profits in altcoins, aiming to double our investments and gather in the chat room to arrange our plans. #加密市场观察

On Monday, Trump spoke up. Although Musk did some confusing things earlier this year, his relationship with the world's richest man is still quite good.

Trump also revealed that since they were photographed talking at Charlie Kirk's memorial in September, they have chatted intermittently a few times. While on Air Force One flying from Malaysia to Japan, Trump told reporters, "I really like Elon, I've always liked him."

In June, the two had a public and intense argument. Trump felt that Musk was in a bad state at the time, going through a rough patch, and that it was just a moment of confusion, which he considered to be a particularly foolish moment in his life; Musk would probably say the same. Nevertheless, Trump stated that he likes Musk and believes he will continue to like him.

Since this summer, Musk has criticized Trump less and has rarely mentioned what he previously said about forming a new third-party political party once Trump's massive bill passes. #加密市场观察

Stop pondering why the country prohibits virtual currency trading! The reason is simple: it's afraid of losing control!\nFirst, let's talk about foreign exchange controls. The country has set up several defenses to protect financial security in foreign exchange, like building a sturdy castle. But with the arrival of cryptocurrencies, these defenses seem as fragile as paper. For example, if you sell a house in a first-tier city and get 5 million dollars in cash, wanting to transfer 700,000 dollars abroad. Normally, through legal channels, banks have a limit of 50,000 dollars per person per year for currency exchange and remittance. According to this rule, it would take you 14 years to transfer the money completely. If you want to carry cash out of the country, anything over 5,000 dollars will be regulated; carrying more than 20,000 (equivalent) in RMB will also be stopped. Even if you want to ask someone else to help with the exchange, if there are more than 3 people, the system will flag it, and directly remitting RMB abroad is out of the question.\nBut cryptocurrencies don't care about these rules. There are no limits, and it can easily bypass them. Even if there is a limit of 50,000 dollars, you can find 14 people to split the exchange, then store the assets on a USB drive, slip it into your pocket, and go abroad without anyone noticing. It is decentralized and trades anonymously, so this money completely escapes regulatory oversight, tearing a big hole in the foreign exchange defenses that the country has worked hard to establish.\nNext, let's take a look at the Golden Tax Phase IV. This tax system claims to accurately monitor every flow of funds, but it is completely ineffective in the face of cryptocurrencies. Cryptocurrencies have the characteristics of being decentralized and anonymously tradable like precious metals, along with the convenience and speed of mobile payments, all while leaving no trace of funds. If it is allowed to circulate legally, businesses can evade taxes, and individuals can hide assets using cryptocurrencies, leaving tax authorities unable to track the flow of funds. How can the country's tax system operate?\nSome might bring up the exit of precious metals from circulation, but gold and silver gradually withdrew from circulation due to their inconvenience in carrying, whereas cryptocurrencies have no physical restrictions, and their payment efficiency is comparable to Alipay and PayPal. If it is legalized, it would mean handing over a key part of the country's financial sovereignty to others.\nWhat is prohibited domestically is not a new technology, but the potential risks of losing control it may bring.

CNBC reported that Donald Trump Jr. created a high-end private club called "The Executive Department" in Washington this April. The membership fee is set at a staggering $500,000, which is not something an average person can afford. The founding members include powerful figures such as White House crypto advisor David Sachs, Winklevoss twins who are co-founders of the cryptocurrency exchange Gemini, and tech investment mogul Chamath Palihapitiya.

To join this club, it’s not enough to simply have money; you also need a recommendation from a founder and must go through a strict selection process. This club was established by Donald Trump Jr. and executives from 1789 Capital, the investment firm where Donald Trump Jr. became a partner last year.

Insiders have revealed that in addition to the $500,000 membership fee, the club also charges an annual fee, although the exact amount has not been disclosed yet. The "Executive Department" club is expected to play a similar role in Washington's socio-political circle as the Trump International Hotel did during Trump's first term. Back then, the Trump Hotel was a popular gathering place for government officials, Republican congressional leaders, foreign dignitaries, lobbyists, and business tycoons.

Now, this club is no different; potential members must pass a rigorous review and approval process from the founders. Even if someone is willing to pay $1,000,000 to join, they still need a recommendation and must go through the selection process, which has a very high threshold. Currently, it’s mostly being shared internally; for those who want to learn more useful tutorials and trading strategies, join the chat room to unlock more valuable knowledge. #加密市场观察

Breaking news, the Federal Reserve is going to make a big move, both cutting interest rates and printing money, this operation is simply going to rewrite history. Cryptocurrencies like Bitcoin, Ethereum, and Litecoin may enter a surge mode.

Just got some hot news, a former big shot from the New York Fed revealed that at this week's Fed meeting, a 25 basis point rate cut is basically a done deal. Even more surprising, they might also announce that starting from January next year, they will purchase $45 billion in government bonds every month. While this isn't pure quantitative easing, the amount of liquidity injected into the market is almost equivalent to directly handing out cash.
What does this mean for the cryptocurrency space? Simply put, more market funds could lead to rising coin prices.

Firstly, the logic is very clear. Lowering interest rates decreases savings yields, making people more inclined to invest their money; purchasing government bonds directly injects funds into the market. With more money in circulation, assets like Bitcoin, which have a fixed supply, naturally have the momentum to increase in price.

Secondly, the expectation factor is crucial. While a rate cut is already anticipated, the move to purchase government bonds may not have been fully digested by the market yet. Real market fluctuations might only occur after the news is officially announced.

Thirdly, hotspots will cycle. Once market funds become ample, besides large-cap stocks, those coins with stories and great potential, like popular projects in the Ethereum ecosystem, as well as conceptual coins like the 'little puppy' p.u.p.p.i.e.s mentioned by Musk, could become targets for capital chasing.

However, it's important to keep a level head. All current optimism is based on expectations, and there are actually differences within the Federal Reserve regarding future policies. Don't forget the common situation of 'buying the expectation, selling the fact'; the more the market is collectively optimistic, the more cautious one should be.

Finally, I want to emphasize again, the above is merely an interpretation of market information and not investment advice. Cryptocurrency is highly volatile and extremely risky; one must think carefully before investing and avoid blindly following trends. Are you stuck? When to increase your position for a bottom buy? Feeling lost and unsure of what to do? Follow me, the chat room will give you ideas. #加密市场观察

《Trump's nickname for Powell sparks laughter, what's the story behind his tense relationship with the Federal Reserve?》

U.S. President Trump has once again taken aim at the Federal Reserve, this time targeting Chairman Powell, criticizing him for being indecisive and slow in lowering interest rates. During a speech in South Korea, Trump deliberately referred to Powell as 'Jerome “Too Late” Powell,' causing laughter among business leaders and officials attending the APEC summit.

Trump continued his criticism, stating, “We can't let the Federal Reserve raise interest rates just because they're worried about inflation three years from now.” This remark seemed to acknowledge that inflation might indeed pick up in the future. He also boldly claimed that the U.S. economy would grow by 4% by the first quarter of 2026, which is significantly higher than the average forecast from economists surveyed by Reuters.

However, economists believe that the new import tariffs implemented by the Trump administration will certainly hamper economic growth. Trump's remarks on Thursday clearly indicate that his conflict with the Federal Reserve has escalated. He repeatedly accused Powell of not acting quickly enough to lower interest rates and stated that the Federal Reserve is lagging behind its European counterparts, undermining business confidence. #加密市场观察