AB Kuai Dong

I am very glad to meet CZ in Tokyo. This is his return to Japan after 7 years, and during this time, the entire industry has undergone tremendous changes.

At this event, I asked CZ a question: How do you view the on-chain of everything and the tokenization of stocks?

He replied: There have not yet been large-scale coin-stock products on the market. The possible reason is that each country and region has different policies, making it difficult for coin-stock investors to receive dividends and easily redeem stocks. There are also price differences during trading. However, projects on the chain are usually global in nature, which was a significant pain point back then.

Restrict areas or try to solve it?

But he reiterated that the trend of RWA cannot be stopped. $BNB

Although 90% is redacted, there are quite a few contents and photos revealed in this Epstein case, including those American politicians and celebrities from the textbooks of my childhood, and their romantic history on mysterious islands and planes.

If interested, you can download it from the U.S. Department of Justice page.

Who to trust? Although Tom Lee bets on Bitcoin and Ethereum reaching new highs in January, his own fund Fundstrat, in its latest 2026 cryptocurrency strategy advice to internal clients.

It indicates that in the first half of the year, cryptocurrencies will experience a deeper correction, with target prices of:

BTC 60000 – 65000
ETH 1800 – 2000
SOL 50 – 75

He believes that when this price range appears in the first half of the year, it will be the best entry level, as it will provide highly attractive positioning opportunities for the second half of the year.

And Ethereum will perform relatively strong.

Speechless..

Now open PancakeSwap's Twitter, the first 3 tweets are all about their newly launched prediction market Probable.

It seems that BN not taking it seriously is impossible now.
Next, let's see if Binance Wallet has an embedded entry.

All the familiar feelings have returned, as if it's the wallet war of the past.

The magical scene this afternoon: Cryptocurrency media is paying more attention to the Bank of Japan's interest rate hike than traditional Japanese media.

It seems that Satoshi Nakamoto is indeed Japanese.

A month later, legendary trader Pigeon Eugene expressed his market views. He believes it is now time to start planning the watchlist and buy targets, as most altcoins have already entered the bottom stage.

However, mainstream coins are still in the stage before despair, as many DAT micro-strategy companies have not yet experienced the de-leveraging or dissolution events.

So he is currently observing with a mindset prepared to buy.

Note: DAT is an entity aimed at accumulating cryptocurrencies, with most companies listed on the US stock market.

Regarding the stages mentioned by Pigeon:

Third Stage - Optimism: The mainstream media's attention is at its peak, mainstream coins are consolidating, some small coins are rising absurdly, the last batch of latecomers enters the market, and there is extreme complacency; any bearish opinion will be criticized.

Fourth Stage - Pre-Panic: Large-scale liquidations confirm trend reversals, all good news immediately turns into bad news, liquidation and explosion events occur frequently, one support level breaks after another, and bulls are repeatedly punished.

Fifth Stage - Bottom: Bulls will still be punished, prices move sideways overall, neither up nor down, with low trading volume and volatility.

Currently, he believes most altcoins are in the fifth stage, while mainstream coins are in the fourth, and the turning point is whether most micro-strategy companies will encounter problems.

To be honest, the market is indeed a bit fragmented. The parent company of the NYSE, ICE, should be considered a leader in this wave of valuation increases.

$9 billion valuation for the prediction market Polymarket
Now a $5 billion valuation planned for the payment service MoonPay

Many peers say financing has cooled, but those companies in North America are still continuously updating their valuations and financing caps. Another perspective is that these recently announced companies seem to be on the path to going public, rather than issuing tokens.

I listened to CZ's year-end online speech tonight

1. The current focus of personal work remains on charity Giggle, entrepreneurial support YZi Labs, and building the BNB ecosystem, while providing cryptocurrency strategic advice to various countries.

2. Predictive markets are still a relatively early stage, previously during the U.S. election, Polymarket had good trading volume, and next year's World Cup or the next hot topic is a good opportunity for all prediction platforms to capture market share.

3. All predictive markets will reference each other in the future, so the execution ability of the team is very important, as needs may change at any time.

4. All AI trading agents have a problem: if they are very profitable, why sell them to others? So if an AI can really make money, then fundraising should be very simple, but I believe AI will be widely used by traders in the future, though most algorithms will be different.

5. Regarding the new stablecoin U, he believes that competition is a good thing. Nowadays, USDT and USDC do not provide much yield, and he hopes for further stablecoin developments, mentioning FDUSD and USD1.

6. The data from the BNB chain this year is very good, possibly one of the best public chains in terms of trading volume this year. He encourages more developers to build on it.

Ah, this... Tonight CZ will hold an online live stream, so the prediction platform immediately opened the corresponding betting options, betting whether CZ will mention the word BNB more than 5 times, the word Builder more than 3 times, and whether it will mention Trump, Aster, etc.

Looking at it, there is a 94% probability, and it has already bet that CZ will definitely mention the word BNB more than 5 times.

I don't know how the guy feels after seeing this, it is also possible that in the end, he will intentionally mention all the keywords, thus bringing a wave of traffic to this prediction platform.

I can only say that the industry has developed to this point, and it has already become possible to predict everything, from politics to a single online live stream.

It feels a bit like watching a variety show while voting, only this process is driven by cryptocurrency.

Supplement: This Predict fun is also invested by YZI Labs.

Not only the cryptocurrency sector, but also the indicators for retail investors in Asia
KOSPI KS11 and Nikkei 225

These days have also been quite brutal..
Seeing everyone losing money, I don't feel as bad.

The market is bad, comparable to a financial industry's version of sexual repression.

Because the market is bad, there are losses and discomfort.
Because everyone is losing money, institutions and exchanges have to lay off employees.
Due to cost-cutting, downstream media bloggers and retail investors have no money to take.
Because there is no money to take, it has led everyone to find ways to make ends meet.

Disputes over opinions, major industry events, and peers facing disasters, all abnormal behaviors in a bear market can be explained as: the market is bad.

I was just refreshing the speed of the cow return, why is it that when I opened the exchange

the price is still in the same place, and my order is gone?

$BTC $ETH

Just found out, everyone is talking about Binance on-chain

It's no longer Hyperliquid

But Polymarket

The background of BN's official foray into the prediction market.

The three platforms Polymarket, Kalshi, and Opinion are seeing a trend of increasing open positions and revenue, having reached new highs since the betting frenzy of the Trump election.

Moreover, the proportion of Web2 users and the platform retention rate are extremely high (surpassing the vast majority of crypto DEXs, wallets, and protocols.

The next battleground for various exchanges in early next year: prediction markets.

This should be the first time in history that Binance officially announces an industry blacklist?

Former Spark Digital Capital, Web3Port partner May, and Chinese industry professional Dannie are all included, along with Suki Yang, who previously did research at Pantera and went on to start and incubate projects.

Moreover, this is only a partial disclosure of personnel, it's quite lively.

If it were 4 years ago, a project announced the SEC ended a long-term investigation and published a clear roadmap for 2026, then it would definitely take off.

However, today, 4 years later, it hasn't..$AAVE

Another microstrategy company may be facing delisting.

This summer, the Bitcoin microstrategy company Kindly MD (NASDAQ code: NAKA), which has raised a total of 763 million USD, has been notified by NASDAQ that it faces delisting risk due to its stock price being below 1 USD for 30 consecutive trading days.

The company has accumulated 5,398 Bitcoins, making it the 19th largest Bitcoin public treasury company in the world.

However, as the microstrategy sector in the U.S. cools down, more companies whose main business is accumulating cryptocurrencies are gradually facing the risk of delisting due to sluggish stock prices.

There have even been cases where microstrategy companies, in order to save their listed shell, were forced to sell coins.

Only 15 days left until the end of 2025. Looking back at this year's predictions from these guys for Bitcoin $BTC by the end of the year.

100,000 - Standard Chartered
150,000 - Star player Thompson
170,000 - JPMorgan
180,000 - VanEck
200,000 - Tom Lee
200,000 - Bernstein
250,000 - Old Black Arthur Hayes

Stuck - Me