From Customer Service Xiao He to Queen He Yi: The Queen of the Cryptocurrency World’s Rise Against the Wind Ten years ago, He Yi was just an ordinary customer service representative at Binance, and everyone called her "Xiao He". The most common thing she did every day was patiently reply to users' questions, from account anomalies to deposit delays, from technical glitches to emotionally collapsed investors. Xiao He has almost encountered the most genuine corners of the cryptocurrency world. It was during this experience, which many viewed as "bottom-level work," that she saw the chaos and potential of the industry earlier than anyone else. While others saw complaints and risks, she saw opportunities—a new world that was reshaping global finance. Later, she began participating in community management, product optimization, and marketing, taking each step steadily and decisively. With strong execution and remarkable learning speed, Xiao He rose from a customer service position to become the soul of the Binance brand, and people began to respectfully call her "Queen He Yi of the Cryptocurrency World." Her experience tells those who come after— The starting point does not determine height; those who see trends, seize opportunities, and continuously delve deep can stand at the forefront of the waves.
In May 2021, Bitcoin crashed from a high of $64,000, halving in just ten days. A post-95 programmer, Xiao Li, leveraged his house down payment and all of his parents' retirement funds tenfold to go long, ultimately going bankrupt and owing the bank 3 million. He resigned from his office job in the magic city and started delivering takeout to pay off his debts, riding his electric bike every day under the shadows of coconut trees, watching the constantly fluctuating K-lines on his phone, tears mingling with sweat dripping onto the screen. That same year, Aunt Wang, an elderly woman, was pulled into a group called 'AXS Wealth Group' by a community 'crypto master,' where members flaunted Lamborghinis and yachts every day. She converted her 400,000 yuan saved from selling vegetables and her husband’s lung cancer treatment funds entirely into SHIB and a bunch of animal coins. On the day SHIB went to zero in November, Aunt Wang fainted at the vegetable market and was diagnosed with a cerebral hemorrhage, while her husband’s chemotherapy also stopped. On the day of the LUNA crash in 2022, a father in South Korea jumped from an apartment building with his two children, leaving a note: 'I'm sorry, I thought the 20% annualized return on UST could help my children get into better schools.' These bloody stories are replayed every year with different coins and different people. The crypto space has no new stories, only new victims. Remember: Leverage will kill you, air coins will go to zero, and signal groups are all harvesters. The financial freedom you think you have is often just a ticket for others to harvest you. Never gamble with money you can't afford to lose. $BTC $ETH $BNB
《NFT Bubble Burst: From Sky-High Auctions to No Bidders》 In 2021, a global NFT frenzy erupted. Digital avatars, pixel art, and virtual items were traded at outrageous prices, with a simple JPG selling for hundreds of thousands of dollars. Many firmly believed this was the 'future of digital assets,' as if buying in would put them on the wealth rocket. Among them, a player named A Zhe spent a fortune on a popular NFT collection, earning him the nickname 'Keen Eye' from friends. At that time, these avatars were rising in value weekly; he even used them as collateral for loans to continue buying more. In just two months, his paper profits doubled, and he confidently planned to 'hold long-term.' However, the excitement faded faster than it arrived. Trading volumes plummeted, buyers became scarce, and numerous projects on platforms ceased updates, with the so-called 'community consensus' evaporating overnight. The NFTs he bought ultimately fell to a point where no one cared, his collateralized loans were liquidated, and his assets instantly went to zero. This experience serves as a warning to every investor: Not everything associated with blockchain has value. When the tide goes out, you can tell which are technological innovations and which are just emotional bubbles. In the crypto world, never mistake hype for trends, and certainly, don’t confuse heat with value. $BTC $ETH $BNB
《The Million TPS Illusion of a Certain Public Chain: How Technological Myths Collapse》** In 2019, a new public chain claiming to achieve a million TPS (transactions per second) emerged. The team boldly declared that they would completely surpass Ethereum and become the underlying infrastructure of the next generation of the global internet. At the launch conference, the data was dazzling, and the team proclaimed, "The performance revolution has arrived." Capital and retail investors rushed in, and the token price skyrocketed, with the community filled with shouts of "disruptive era" and "invincible future." However, the actual testnet has never been able to run stably and publicly, the key technical details in the white paper are vague, the number of nodes is extremely low, and even the most basic decentralization cannot be verified. A few months later, the project's mainnet was forcibly launched, but it frequently crashed, transactions were stuck for long periods, and the so-called "million TPS" was proven to be just a theoretical number in a laboratory environment, rather than a performance achievable in reality. The token subsequently plummeted, team members left one after another, and the project gradually fell silent. This episode tells everyone: The more exaggerated the technical promises, the more one needs to remain calm. The cryptocurrency world is full of dreams, but what is lacking is real technology that can be realized. Before investing, understanding strength is more important than listening to stories. $BTC $ETH $BNB
《HashOcean Thunder: The Cold Water of Cloud Computing Myth》
In 2015, a cloud computing platform named HashOcean suddenly became popular. It claimed to have the world's top mining farms, and by simply purchasing computing power, users could "stably earn mining profits every day," without the need for technology, equipment, or maintenance costs.
The low entry barrier and high returns attracted a large number of investors, many of whom purchased multi-year contracts in one go, fantasizing about "lying down and earning mining profits."
The platform operated for two years, seemingly making normal payments, causing countless users to invest more and more. However, the real mining machines were never publicly displayed, and there was no verifiable evidence of the so-called "data centers." All the prosperity was built on trust and promotion.
Until one day in 2016, the HashOcean official website suddenly closed, social media accounts disappeared completely, and the team did not respond. All investors' funds evaporated in an instant, and the so-called "stable income" turned into a bubble.
This incident left everyone with a heartbreaking conclusion:
In the invisible and untouchable world of cryptocurrency, transparency is the rarest asset.
Any platform that promises high returns but refuses to disclose real operational data may just be a scam dressed in a technological guise.
Always remember a saying:
Do not invest in projects you cannot see clearly; returns that are too easy are unreliable.
《Bitconnect Collapse: Why the Once 'Guaranteed Profit Plan' Went to Zero》 In 2017, a project called Bitconnect became a global sensation. It claimed that as long as you deposited Bitcoin into the platform, an intelligent trading bot would automatically help you 'secure profits,' providing high fixed returns every day. Promotional videos, offline conferences, and luxury car parades were bustling, and many treated it as 'financial black technology.' The platform's token BCC skyrocketed, and countless investors around the world were immersed in fantasies of enormous profits, with some even taking out loans or selling homes to invest. Behind the facade of universal profit was, in fact, a typical Ponzi scheme—where the earnings of old users completely relied on an influx of new funds. In early 2018, California regulators issued warnings, and soon after, the platform suddenly announced its closure. In just a few minutes, the price of BCC plummeted from hundreds of dollars to just a few dollars, causing investors' assets to evaporate instantly. Those promoters who once passionately spoke on stage also disappeared in the storm. This history tells everyone: Any project that guarantees 'stable high returns' deserves your immediate caution. In the crypto world, the greatest danger is not the crash, but the human weakness that makes you 'let down your guard.' $BTC $ETH $BNB
The Night Fcoin Disappeared: The End of Trading Mining
In 2018, Fcoin rapidly rose to prominence with its 'trading mining' model. The platform claimed: the more you trade, the higher the rebates, and all transaction fees would be refunded. This mechanism ignited market sentiment like a flame, with countless people trading day and night, scrambling for so-called high returns. Fcoin's trading volume once surpassed all major exchanges globally, seemingly entering a 'new era' in the crypto world.
However, the prosperity was merely an illusion. As the rebate model became increasingly unsustainable, the price of the FT token continued to decline, and the liquidity pool began to dry up. Until early 2020, the founder suddenly posted an admission: the platform faced a massive deficit, with a funding gap of several hundred million yuan, and withdrawals would be indefinitely suspended.
That night, users were completely panicked, with assets locked in their accounts, unable to withdraw. The once vibrant 'mining revolution' ultimately turned into a chaotic mess.
This history serves as a clear warning to everyone:
When a platform's profits depend on users continually investing, it is not far from collapse.
No matter how flashy the rules in the crypto circle, they cannot escape the most fundamental principle—profits must be real, and the model must be sustainable. $BTC $ETH $BNB
The Illusion of DeFi Summer: The 24 Hours of YAM's Surge and Collapse In the summer of 2020, the DeFi market was maddeningly dazzling. A token named YAM suddenly emerged, without financing or institutional endorsement, yet it became an overnight sensation due to its 'fully community governance' and 'innovative mechanism'. Within just a few hours of its launch, the price of YAM skyrocketed dozens of times, and everyone in the community was shouting, 'The miracle of decentralization has arrived.' Countless investors scrambled to lock up and buy it, pushing gas fees to historic highs. Many firmly believed that this was the victory of the next generation of financial experiments. However, the prosperity lasted less than a day. The developers discovered a fatal flaw that caused the protocol parameters to go out of control, leading to unlimited minting of the token. After the failure to fix it, the market collapsed instantly, plummeting from its peak to zero, leaving investors with no time to react, and all illusions turned to dust. This farce taught everyone: Tech-driven projects can also collapse instantly due to a small flaw. In the crypto world, not all 'innovations' are worth blindly following; the hotter it is, the calmer you should be; the faster it is, the more cautious you should be. True security comes not from project promotion, but from your reverence for risk. $BTC $ETH $BNB
The expectation of the Federal Reserve to cut interest rates intensifies, and U.S. stocks approach record highs The U.S. stock market remains stable before the Federal Reserve meeting, with the S&P 500 index rising by 0.2%, closing near the historic high reached in October. Investors are focused on next week's interest rate decision, although there are significant internal disagreements among Federal Reserve officials regarding the economic outlook amidst a weak labor market. The FT-Chicago Booth survey indicates that high inflation and weak employment data have raised concerns, but market pricing shows an over 80% probability of an interest rate cut. Concerns about supply in the metal market drive up silver and copper prices Silver and copper prices have surpassed gold, becoming the preferred choice for investors, with an increase of over 2%. Fears of supply shortages dominate the market, with copper prices hitting a near three-year high, influenced by a rebound in global demand. Analysts expect that the bottlenecks in the metal supply chain will continue to support prices through 2026. Asset managers remain optimistic, holding on to stock positions Despite rising concerns about asset bubbles, fund managers still maintain a 'risk-on' approach, sticking to stock investments. Surveys show that over 70% of managers plan to increase their equity holdings, benefiting from the anticipated loose monetary policy. Emerging markets become more attractive Investors plan to double down on frontier markets following strong performance this year. Algerian regulators revealed that there may be three new IPOs in 2026, further stimulating regional liquidity. Mortgage rates fall, unemployment claims drop to a low The long-term mortgage rate in the U.S. has decreased to 6.19%, approaching its lowest point of the year. Unemployment claims have fallen to their lowest level in over three years, showcasing economic resilience, which may influence the Federal Reserve's decisions. $BTC $ETH $BNB
International News: 1. UBS plans to cut another 10,000 jobs by 2027. 2. Zelensky: Russia launched over 1,600 drones at Ukraine this week. 3. Israeli Prime Minister Netanyahu refuses to leave politics in exchange for a pardon. 4. Nigerian Foreign Minister: Nigeria seeks to become a formal member of BRICS. 5. Conflict erupts again at the Thai-Cambodian border, with Thailand reporting two injuries and Cambodia stating it did not return fire. 6. Sources: The European Commission may announce a package plan to support the automotive industry on December 16. $ETH $BNB $BTC
《PlusToken Aftershock: How Massive Ponzi Schemes Swept Across Asia》 In 2019, a wallet project named PlusToken rapidly gained popularity in Asia. It claimed to offer 'interest on deposits and daily returns' and was wrapped in the aura of a 'blockchain financial revolution.' The team held press conferences everywhere, showcased luxury cars, and organized overseas travel presentations, successfully attracting a large number of users, accumulating over 40 billion yuan. In the early stages of the project, returns were paid out on time, and users promoted it as 'guaranteed profits,' even actively recruiting others to join in order to achieve higher tier rewards. Within just a year, the scale of the project expanded to an unbelievable extent, with many people locking away all their savings in the wallet, all in pursuit of higher returns. Until one day, the platform suddenly became unable to process withdrawals, and core members collectively went missing. Subsequently, the police reported that this was a complete Ponzi scheme, and the so-called profits all came from new investors' funds. When the funding broke, this massive bubble collapsed in an instant. This incident teaches all investors: Sustained high-interest rates are never a sign of technical capability but rather a signal of a scam. In the cryptocurrency space, any system that relies on 'recruiting others and relying on returns' is destined to collapse sooner or later. The real risk is not the loss but being blinded by greed. $BTC $ETH $BNB
BEAT/USDT 24-hour news highlights: Audiera surges, crypto market shines against the trend Against the backdrop of an overall sluggish cryptocurrency market, the BNB chain ecological token Audiera (BEAT/USDT) has become the undisputed highlight in the last 24 hours. The latest data shows that the BEAT price soared to $1.81, with a 24-hour increase of 29.91%, far exceeding the global cryptocurrency market's average decline of -1.30%. Trading volume surged by 27.80%, reaching $41.21 million, creating a recent high, and the market capitalization broke through $240 million, ranking jumped to 213th place. This wave of increase stems from the real-time audio social innovation of the Audiera platform, where users can participate in exclusive music NFT minting and virtual concerts through BEAT tokens, attracting a large influx of Web3 music enthusiasts. The community is buzzing about the “BEAT parabolic breakout,” with whale accounts continuously buying in, pushing the price to rebound from a low of $1.33. In contrast, the old project MetaBeat (BEAT) only slightly increased by 3.2%, with trading volume dwindling to $1,572, unable to compete with Audiera’s momentum. Experts point out that this rise may signal a warming of the BNB ecosystem, but caution is needed regarding market fluctuations. Investors should pay attention to the stable anchoring of USDT to avoid FOMO chasing highs. Audiera's social + entertainment model is reshaping the crypto entertainment landscape, with unlimited potential for the future. $BEAT
FHE/USDT: The 24-hour turmoil of fully homomorphic encryption On December 7, 2025, the cryptocurrency community's attention once again focused on the FHE/USDT trading pair. This token, based on Zama's encryption technology, has become a hot topic overnight thanks to its breakthroughs in privacy computing with fully homomorphic encryption (FHE). In the past 24 hours, the price of FHE rebounded over 15% from a low of $0.025, reaching a high of $0.032, with trading volume surging to $280 million, doubling from the previous day. On the platform, traders are actively discussing its potential as a “pump similar to MOODENG,” with multiple signal groups sending out “TP3:0.025 reached, next target 0.035.” An analyst named ethans1717 posted that FHE's candlestick formed a “strong green bar,” suggesting that institutional funds are quietly entering the market, rekindling interest in the narrative connecting AI and DeFi. However, beneath the excitement, undercurrents are stirring. Futures trader _BABAICRYPTO warned: “FHE is suitable for shorting, market order 0.02802, take profit 0.01867.” Last night, a wave of selling caused a price correction of 5%, suspected to be a whale washout. Although FHE rides the wave of privacy, its ecosystem is still shallow and easily affected by macro fluctuations. The 24-hour news also revealed a surge in USDT hedge positions on Binance, reflecting investors' demand for safe-haven stablecoins. The rise of FHE/USDT is fleeting, reminding retail investors: hotspots can easily arise and extinguish, do not forget risk management. Although privacy technology is dazzling, leverage games require more caution. In the future, FHE may become a cornerstone of Web3, but today’s revelry may become tomorrow’s alarm. $FHE
In the past hour, global financial market volatility has intensified, with the US stock market's S&P 500 index approaching historical highs, closing up 0.2%, just a breath away from the October record, as investor expectations for a Federal Reserve rate cut next week rise. Mortgage rates have dropped to 6.19%, close to this year's low, stimulating a recovery in the housing market. At the same time, online consumer spending on Cyber Monday is expected to reach $14.2 billion, a year-on-year increase of 6.3%, driven by strong momentum in shopping due to AI technology. In Europe, the Prada Group has announced the acquisition of fashion rival Versace for nearly $1.4 billion, aimed at revitalizing the sluggish post-pandemic performance of the Versace brand. The Shopify platform's network disruption on that day has been fixed, but small and medium-sized businesses may miss critical sales during the holiday peak season. US unemployment claims have dropped to the lowest level in over three years, with labor market resilience exceeding expectations, potentially complicating the Fed's rate decision. In the cryptocurrency sector, the X platform is hotly discussing the “flipping the stock market” strategy, calling for holding assets like SPX6900 for five years to combat the traditional financial system. Additionally, Waymo's autonomous taxi data has been released, showing a serious accident rate 91% lower than that of human drivers, which may reshape the landscape of transportation financial investment. Overall, market optimism dominates, but geopolitical risks and tariff uncertainties still require vigilance. $BTC $ETH $BNB
The "Mentougou Incident": The Most Painful Lesson in Early Bitcoin In 2014, one of the world's largest Bitcoin exchanges—(Mentougou)—suddenly announced the loss of 850,000 Bitcoins, accounting for more than 6% of the total circulating supply at the time. When the news broke, the entire cryptocurrency community was shaken, and the market plummeted instantly, with countless investors losing their assets. Subsequent investigations revealed that the exchange had not been suddenly hacked, but rather had been plagued by long-term mismanagement and accumulated loopholes over the years, which no one had taken seriously. The so-called "security system" was essentially non-existent, and a large number of Bitcoins had quietly been transferred years ago, while the platform continued to operate normally until its collapse, without any warning. Mentougou tells everyone: The cryptocurrency world is not without risks, but the risks are magnified a hundredfold. No matter how large the exchange is, it can still go under; no matter how bright the project is, it could still be a scam. Putting all assets on one platform is equivalent to handing over your life to others. True safety comes from: diversifying risks, controlling private keys, staying away from the temptation of huge profits, and maintaining independent judgment. History does not repeat itself, but it does rhyme. Every time a disaster strikes, it reminds future generations: speculation is fine, blind faith is not. $BTC $ETH $BNB
In 2020, a newly laid-off entrepreneur named A Jie wanted to focus on his project, but upon seeing friends making money through 'node private placements', he began to feel anxious. One day, a person claiming to be from an 'official channel' approached him, stating that a certain public blockchain was globally recruiting super nodes, with 'limited spots, locked assets yielding dividends, and potential for dozens of times returns in the future.' The person also showcased 'internal documents' and 'screenshots from node meetings', making it hard to disbelieve.
A Jie, fearing he would miss the opportunity, gritted his teeth and took out the funds he had prepared for his startup, participating fully in the node asset lockup. Initially, the platform indeed distributed dividends, and the tokens credited to his account each day made him feel like he had made the right decision. To increase his earnings, he even added more investment and shared the link with a few friends so they could 'grab spots' together.
However, the good times didn't last long; the platform suddenly announced a 'contract upgrade', suspending dividends. Then customer service became unresponsive, announcements were shut down, and the node page became inaccessible. A few days later, the project team completely disappeared, and the so-called 'official channel' and 'internal documents' were all forged. A Jie's startup funds and his friends' investments evaporated together, and he felt more guilty than anyone.
At that moment, he finally understood:
The most dangerous scams are not the ones that are blatant, but those that wear the guise of 'official and scarce' lies.
A warning for those who come after:
Any project that claims to be 'inside information', 'limited spots', or 'official private placement' should be approached with utmost skepticism. Real opportunities do not require you to rush in. $BTC $ETH $BNB
In 2019, a freelancer named Amin, due to unstable income, was always thinking about finding an opportunity to grow his savings quickly. That year, a platform claiming to be 'trading mining' suddenly became popular, promoting 'the more you trade, the higher the rebate, zero fees, and daily extra dividends.' People in the community continuously shared their earnings, and some even boldly claimed, 'This is the next generation of exchange revolution.'
At first, Amin just watched, but seeing the platform's data rising steadily and the coin price continuously increasing, he began to feel tempted and first invested a small amount to try. Sure enough, there were rebates credited to his account every day, and his vigilance was instantly 'anesthetized' by success. To catch the so-called trend, he began to trade frequently, continuously increasing his investment, and even used his credit card to cash in.
A few months later, the rebates suddenly decreased, and then the platform suspended withdrawals under the pretext of 'system maintenance.' Within a week, the website was completely shut down, the team went missing, and the so-called 'trading mining model' was exposed as a disguised Ponzi scheme. Amin not only lost all his principal but also accumulated credit card bills, feeling heartbroken.
At that time, he finally understood:
The more a seemingly innovative and quickly rewarding scheme appears, the more likely it is just an old scam dressed in new clothes.
The only warning left for future participants is a single sentence:
In the cryptocurrency circle, what truly needs to be mined is not the profit, but the depth of risk. Always maintain skepticism to avoid those traps that shine with golden light. $BTC $ETH $BNB
A finance practitioner, Lao Bai, first heard about Bitcoin and initially found it absurd. However, as the price rose, his curiosity grew stronger. Later, an acquaintance recommended a platform claiming to offer "Bitcoin quantitative arbitrage," emphasizing its "bank background," "regulatory filing," and "automated stable profits." Lao Bai is usually sensitive to risks, but seeing the platform's professional interface, professional customer service, and professional white paper, his professional vigilance was slowly undermined by these "professional facades."
To verify, he invested a small amount to try it out. The next day he did make a profit, so he invested a bit more. Until one day, seeing others flaunt huge returns, his mindset completely collapsed, and he gritted his teeth to transfer his years of savings in one go, fantasizing about achieving a leap in life ahead of time.
However, one weekend, the platform suddenly went into maintenance; by Monday, all withdrawal channels were closed, and customer service stopped responding. A few days later, the website was completely inaccessible, and the "regulatory filing" mentioned by his acquaintance was also confirmed to be a forged document. The funds Lao Bai had accumulated over the years disappeared without a trace.
At that moment, he realized: The more a scam looks "legitimate," the easier it is for people to let their guard down.
A warning left for those who come later is: In the cryptocurrency world, true safety does not come from packaging, but from your unyielding diligence. $BTC $ETH $BNB
AT/USDT 24-hour News Highlights: Aethir's Decentralized Computing Ecosystem Gears Up In the rapidly changing cryptocurrency market over the past 24 hours, Aethir (ATH), as the token for the decentralized GPU cloud computing platform's AT/USDT trading pair, has become the focus of the DePIN (Decentralized Physical Infrastructure Network) sector. The current price remains stable around $0.014, with a 24-hour increase of 3.43%, peaking at $0.01424, and trading volume skyrocketing to $8.38 million, a 12% increase from the previous day. Behind this slight upward trend is a significant catalyst for the Aethir ecosystem: the platform announced deepened cooperation with several AI startups, providing low-cost GPU resources to support rendering and training tasks, attracting attention from competitors like Render Network and Akash. On platform X, traders are hotly discussing the 'pump point' of AT/USDT—bullish capital inflows pushing through the $0.0135 support, with the RSI indicator rising to 65, suggesting strong short-term bullish momentum, but caution is advised regarding the risk of a market pullback. More notably, the Aethir team revealed in last night's AMA that a 'Checker Node' update will go live next week, enhancing network throughput by 30%, which may stimulate the leverage trading enthusiasm for AT/USDT. Compared to the low volatility of Tether (USDT) stablecoin (only 0.04% in 24 hours), AT/USDT's volatility reaches up to 8%, making it the first choice for retail investors chasing high beta assets. Market analysts predict that if Bitcoin stabilizes at the $90,000 mark, AT/USDT is expected to test the $0.016 resistance level, with a potential increase of 15%. However, macro uncertainties such as Federal Reserve interest rate signals remain a concern. Overall, Aethir's highlights go beyond price; it is also a microcosm of the Web3 computing revolution—from game rendering to AI training, it is quietly reshaping digital infrastructure. Investors are advised to pay attention to on-chain data, allocate rationally, and seize the DePIN spring tide. $AT