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Ethereum’s largest DAT company, BitMine, has released its financial report—showing a first-quarter loss of $3.8 billion......
Bitmine, just by its name, you can tell what it is: it was originally a Bitcoin mining company. In April last year, around the same period, it pivoted to become an ETH treasury company—i.e., a DAT (Digital Assets Treasury). Back then, in the U.S. stock market and the crypto circle, a DAT wave had just taken off.
Six months after the transformation, Bitmine issued twice as many shares and raised roughly $10 billion. To date, it has gradually bought 4.87 million ETH, abou
ETH0,82%
BTC1,05%
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AI + Web3, everyone is looking forward to the deep integration of these two technologies, among which the most fundamental is — the public chain's ability to train AI.
TAO has risen so much from the bottom, thanks to the development of the Bittensor subnet 3 Covenant-72B model, which has 72 billion parameters, trained on about 1.1 trillion tokens, equivalent to several large libraries.
But it only used ordinary consumer-grade GPUs for the first time to achieve what Web3 pursues — "decentralized AI," which even Jensen Huang couldn't help but praise, comparing TAO's subnet 3 to a "modern ver
TAO-1,54%
0G1,16%
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The era of large-scale blockchain gambling is officially here! Translate, translate the most profitable blockchain products ⬇️
1. Tether: Money for the casino
2. Circle: Money for the casino
3. Hyperliquid: Leverage gambling
4. Pump: Opening a position in the casino
5. Polymarket: Direct gambling, no pretense
6. Phantom: Gambling tool
7. Jupiter: Retail gambler's tool
8. Grayscale: Big player’s gambling tool
9. Sky: Money for the casino (underground version)
10. edgeX: Leverage gambling (pretending to be a big casino)
11. Collector: Selling lottery tickets in the casino
HYPE3,85%
PUMP7,21%
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# A Desperate Bear Market, Yet a Glimmer of Hope
The former DeFi star Balancer has shut down, the DAO management platform Tally ceased operations, the highly anticipated BP "Big Truck" faced a rug pull, new coins list and continuously plummet, funding only flows to the payment track, and even in Rhythm's 10 flash news items, there's barely any crypto-related content......
After being in crypto for so many years, I'm experiencing the most despairing bear market for the first time. When BTC was at 15,000 last time, there were all sorts of narratives—Ethereum technology and Ponzi platforms (all e
BTC1,05%
ETH0,82%
HYPE3,85%
LIT4,88%
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I recently happened to review several historical market manipulation cases. The first one I learned about was the 2010 Flash Crash in the US stock market, where a single operator sitting in a small town outside London used Spoofing (submitting large volumes of fake orders and quickly canceling them) to cause the major US stock indices to plummet 9% in a single day.
The second case I saw was Vanisa's video on GME Gamma squeeze—a great example. The more I watch it, the more I realize how terrifying the power of capital is. I'm looking forward to seeing what happens if Bitcoin stabilizes at 75000
BTC1,05%
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Bear market KOL is really tough to be.
Polymarket's budget for domestic Xiaohongshu/Bilibili platforms is
600 RMB per video, and you still have to bear the absolute risk of account suspension.
KOLs ultimately just became laborers😭
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Chatting with a good friend who did an AI PhD at Chinese University of Hong Kong and has worked on various AI models, key takeaways:
1. OpenClaw is garbage
2. A senior student from Beijing University of Posts and Telecommunications used Claude to write a project in 2 weeks and sold it for $30 million USD. Wants to start their own business but lacks ideas. The window of opportunity is this year.
3. Claude already has the ability to train itself. Other large models basically have self-training capabilities too, they're just not publicly disclosing it.
4. Video AI will have qualitative breakthrou
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I have completely followed the call and gone all in on Huizhou. Here are some experiences about moving as a digital nomad to Huizhou for everyone⬇️
Previously in Shanghai, because I stayed there for a long time and wanted a change of environment, my first choice was definitely Shenzhen. I looked at Shenzhen’s houses for several days, but within my budget, I couldn’t find a suitable place for filming (maybe not enough money😭).
Until just before leaving, I was having hotpot with friends, and someone suggested, why not live in Huizhou? You don’t need to go to work, and occasionally socialize onc
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Many people are bearish on the crypto space and refuse to look at the current situation. They insist on criticizing the tokenized stocks on the NYSE just before the @清晰法案@ passes. On the eve of its approval, Trump personally brokered the deal. When their own circle is about to become "mainstream," they go into a frenzy of fud.
Of course, talking to these people offline reveals that they are completely unaware of the above content. They just say it's because Iran is at war, and the 0.02 Bitcoin they hold next month can only be used to pay rent or buy some more.
Meanwhile, they start spouting wo
BTC1,05%
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Good morning with two pieces of good news:
1. Trump claims that the banking industry is undermining stablecoins with the "Genius Act," which needs to be passed quickly through the "Clarity Act." He also states that the "Genius Act" is the first step to making the U.S. the world's crypto capital, and the "Clarity Act" is the next crucial step.
2. The CFTC Chairman states that the coming weeks will pave the way for the regulation of U.S. perpetual futures and prediction markets.
Actually, these two pieces of news can be combined into one, because the main regulatory role of the CFTC in the "Clar
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What's going on? What happened to the ETH market maker? I noticed it 3 minutes ago, but I still didn't dare to arbitrage, as there's only a 10-minute window. If you're quick enough, it could be a pretty good steady income.
ETH0,82%
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BelieveThatLightWillBring:
爽吃
Lighter's limited edition, only 13 pieces, each with a single word — "cool." This bag is about to be welded onto my back 🕶️
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"Exploring a16z — Wealthy and High-Profile, From the Internet Godfather to the Crypto VC Giant"
If you ask someone in the crypto world, who is the most well-known venture capital (VC) fund in Web3? I believe the vast majority would answer — a16z.
But when you want to delve deeper, why is a16z so famous? What's their story? Many people don't really know.
In this episode, Xiao Sai has put in great effort to introduce you to this capital giant, which possesses both cash power and sharp vision.
How did it rewrite traditional VC investment methods? How did it build its own media machine? And how di
VC-2,31%
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I also got witch'd and lost my OG status 😤
But anyway, Glighter🕯️
Hope for a good outcome
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