usdt

USDC

steth

doge

wbeth

wbtc

link

USDE

HYPE

avax

usds

hbar

shib

WLFI

aave

JITOSOL

pepe

COAI

near

ASTER

USD1

pyusd

ondo

RETH

USDtb

algo

atom

xaut

PENGU

BFUSD

RENDER

PUMP

LBTC

paxg

TRUMP

bonk

nexo

cake

fdusd

MORPHO

METH

msol

RLUSD

index_fgi

恐懼和貪婪指數

MAG7

SoSoScholar

SoSoScholar2025 - Submission Timeline & Suggested Themes

SoSoScholar2025 - 投稿時間表 & 建議主題

SoSoValue 研究競賽 S3 推出，獎金池為 10 萬美元

SOSO

<div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="5a6cf168-f86d-439a-80a6-6ae0dc989cc6"><div class="bn-block" data-node-type="blockContainer" data-id="5a6cf168-f86d-439a-80a6-6ae0dc989cc6"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><strong>The wait is over. SoDEX is coming.</strong>

AI-powered investment research platform SoSoValue has announced the testnet launch of its incubated high-performance trading chain SoDEX. Starting from 9:00 PM (HKT) on June 16, global users can apply for whitelist access through the official website. 

SoDEX supports on-chain order book trading for both spot and derivatives markets. It is built on ValueChain, a proprietary Layer 1 blockchain developed in-house by SoSoValue. ValueChain is tailored for financial-grade applications, featuring high throughput, multi-chain compatibility, and modular scalability. It consists of two core components: an EVM-compatible System Chain, and high-performance Application Chains —together enabling a secure, efficient, scalable and robust trading infrastructure for SoDEX.<br>
<strong>Why SoDEX?</strong>
Seamless – One-stop research and trading, directly integrated with SoSoValue
Order book-based – Familiar CEX-style UX with real-time, intuitive execution
Secure – Self-custodial, regulation-aware, and institution-ready
Open – Fully onchain, borderless, transparent — no intermediaries
SoDEX supports spot, RWA, perpetuals, and more — all with unified liquidity and instant settlement.<br>
<strong>Why Join the Testnet?</strong>
Whitelisted users will gain early access to SoDEX and become eligible to share in 1,000,000 $SOSO in testnet rewards. Additional rewards will be distributed through our PnL leaderboard, trading competition, and bug bounty program.
<br><strong>How to Apply</strong> <br>1. Visit: https://sosovalue.com/shares/FmKqPx <br>2. Join our Telegram Group <br>3. Fill out the whitelist form (pinned in the group)  </p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="ca04ec29-5603-433a-af3c-eaa515decbab"><div class="bn-block" data-node-type="blockContainer" data-id="ca04ec29-5603-433a-af3c-eaa515decbab"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"></p></div></div></div></div>

🚀 SoSoValue launches SoDEX Testnet,  High-Performance Trading Chain Whitelist Opens!

🚀 SoSoValue 上線 SoDEX 測試網，高性能交易鏈白名單開放！

SoDEX 測試網白名單現已啟動 — 申請加入

The Dangers of a Centralized Black Box in Crypto Trading

加密貨幣交易中中心化黑盒的危險

Conflict Between HyperLiquid and Binance – Explained

HyperLiquid 與 Binance 之間的衝突 – 解釋

<div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="4b63591a-08ce-442f-8628-7a8e2141508a"><div class="bn-block" data-node-type="blockContainer" data-id="4b63591a-08ce-442f-8628-7a8e2141508a"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">The crypto market took a sharp dive recently as both institutions and retail investors rushed to sell. Binance confirmed that its core matching engines and APIs stayed up — but admitted that&nbsp;<strong>some modules briefly glitched</strong>, leading to a few assets (like USDE, BNSOL, and WBETH)&nbsp;<strong>depegging</strong>&nbsp;😬</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="4965b6e6-5b66-427e-9987-01a289de64ca"><div class="bn-block" data-node-type="blockContainer" data-id="4965b6e6-5b66-427e-9987-01a289de64ca"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Binance has already compensated affected users within 24 hours — about&nbsp;<strong>$283 million</strong>, mostly for liquidation losses tied to the depegging. They’re also covering issues from internal transfers and Earn redemptions.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="bee4eaeb-f6bb-4cb0-99de-6c93a7e3a58b"><div class="bn-block" data-node-type="blockContainer" data-id="bee4eaeb-f6bb-4cb0-99de-6c93a7e3a58b"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">As for those crazy low spot prices that popped up on some pairs? Binance says it was&nbsp;<strong>old limit orders hitting thin liquidity + UI precision issues</strong>, not a full-on system failure. Still… not exactly reassuring.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="ed669d19-0c22-45b6-aac1-1b30f16ac43d"><div class="bn-block" data-node-type="blockContainer" data-id="ed669d19-0c22-45b6-aac1-1b30f16ac43d"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">👉 It’s a reminder: even the biggest CEXes aren’t bulletproof.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="2809ca2e-a693-491d-83bb-e3aac1d0eb92"><div class="bn-block" data-node-type="blockContainer" data-id="2809ca2e-a693-491d-83bb-e3aac1d0eb92"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Technical hiccups can trigger huge chain reactions</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="51e507b4-2297-48ce-b8e9-1c1ce28d0b9d"><div class="bn-block" data-node-type="blockContainer" data-id="51e507b4-2297-48ce-b8e9-1c1ce28d0b9d"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Market structure + UI quirks can make things worse fast</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="01aab6e6-593d-4c55-ac83-a341e902b204"><div class="bn-block" data-node-type="blockContainer" data-id="01aab6e6-593d-4c55-ac83-a341e902b204"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">And when things break, you’re relying on the exchange’s goodwill to make you whole</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="e6446c10-0613-44f8-9d27-197815b680c4"><div class="bn-block" data-node-type="blockContainer" data-id="e6446c10-0613-44f8-9d27-197815b680c4"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="58a17c20-6de3-4c94-b75c-5c9843ecdb57"><div class="bn-block" data-node-type="blockContainer" data-id="58a17c20-6de3-4c94-b75c-5c9843ecdb57"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">🤔 What do you think?</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="b7e46ce9-ff30-4674-91f3-07a3501c0f6a"><div class="bn-block" data-node-type="blockContainer" data-id="b7e46ce9-ff30-4674-91f3-07a3501c0f6a"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Is this just “part of the game,” or a red flag?</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="5049104c-7604-40ea-96b7-4acd13a7e48e"><div class="bn-block" data-node-type="blockContainer" data-id="5049104c-7604-40ea-96b7-4acd13a7e48e"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Would you trust CEX risk management in a real black swan event?</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="2474423a-03d3-4069-831e-f8d729fc4a2f"><div class="bn-block" data-node-type="blockContainer" data-id="2474423a-03d3-4069-831e-f8d729fc4a2f"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Do you keep collateral on CEXes, or prefer self-custody?</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="4b4e72a1-a1bf-4991-a9af-aaab13b7fa2b"><div class="bn-block" data-node-type="blockContainer" data-id="4b4e72a1-a1bf-4991-a9af-aaab13b7fa2b"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Drop your thoughts below 👇</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="96f69eca-3061-478c-8830-3478908733be"><div class="bn-block" data-node-type="blockContainer" data-id="96f69eca-3061-478c-8830-3478908733be"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"></p></div></div></div></div>

💥 Another reminder of how fragile CEXes can be

💥 再次提醒我們中心化交易所是多麼脆弱

又一次崩盤，190 億美元清算，難道我們這些 Crypto 投資者就是無法克服嗎？

Trump’s announcement of a 100% tariff on chinese imports rattled the cryptocurrency market, causing sharp declines in several altcoins. as the white house retaliated against china by restricting semiconductor exports and imposing strict tariffs, this unexpected move shook the crypto ecosystem. following trump’s announcement on friday, bitcoin (btc) suffered a significant dip from $115k to around $112k because of fears related to its implications for global trade.

this week saw a massive sell-off as retail investors reacted strongly to these geopolitical tensions bringing more shorts into the market across key crypto exchanges including coinbase and binance.
over$755 million in net outflows have also been recorded during this volatile period.  btc’s decline was compounded by heavy liquidations across multiple asset classes adding extra pressure that sent many popular tokens spiraling downwards.

xrp experienced one of the most severe drops over this tumultuous weekend while dogecoin fell nearly 28%, cardano dropped about 25%, chainlink had losses close to 26%. all eyes are now turning toward upcoming events like xrp spot etf applications expected next week which could revive bullish sentiment and offset some negative price action seen lately. 
despite recent challenges such as increasing regulatory scrutiny resulting from high-profile insider trading scandals affecting public confidence - cautious optimism remains amongst analysts expecting recovery periods post-initial shocks will eventually lead back towards higher valuations once again when markets stabilize.[1][2][3]

-end-


Several Altcoins Decline After Trump's Tariffs, ETF Sentiment Wanes

在川普的關稅政策和 ETF 投資情緒減弱後，幾種另類幣下跌

The house of doge, a company tied to the  dogecoin foundation, just announced it’s going public on nasdaq through a merger with brag house ($tbh). 

now, this doesn’t mean  dogecoin itself is becoming a stock - the coin stays the same. but what it does mean is that  dogecoin is entering the mainstream like never before. 

🏦 more legitimacy - being tied to a nasdaq-listed company gives doge real-world credibility with investors.

🎮 more adoption - they plan to push  dogecoin into gaming, campus sports, and digital media, helping more people actually use   doge.

💰 big moves ahead - this is part of a long-term plan to build the   dogecoin ecosystem and make it more than just a meme. 

doge started as a joke now it’s building real companies getting wall street attention,
and aiming for real-world utility.
this isn’t just hype its foundation work for next big run.🐶🚀
the future ’s looking bright early believers patient investors 💫.
<img src="https://static.sosovalue.com/sosovalue/2025/10/15/0c005f7e-cadc-400c-b793-13e00ef31d81.jpg" alt="" width="512">

DOGE

House of Doge is Going Public on NASDAQ — Big Step for DOGE 🐶 🚀🚀

House of Doge 即將在納斯達克上市 — — DOGE 的一大步 🐶 🚀🚀

The cryptocurrency market experienced a significant downturn following president trump&#39;s announcement of new tariffs on imported goods from china and restrictions on software exports. **bitcoin (btc)**: btc plummeted to an intraday low of $102,000 but has since recovered. on october 14, net inflows into bitcoin etfs were at $102 million.

**ethereum (eth)**: the plunge was sharper for eth due to its higher leverage in the contract market. it dropped to around $3,444 but is now trading at approximately $4,125.

### key factors
 - *market makers exit*: the withdrawal of market makers led to increased price volatility as they are typically responsible for providing liquidity during such downturns.
 - *liquidation events*: over $19 billion worth of leveraged positions were wiped out across exchanges during this period causing additional selling pressure especially in altcoins.
 - *tether settlement*: tether paid $299 million related to celsius bankruptcy claims indicating ongoing legal turbulence surrounding major crypto players which can stir up fear among investors adding downward pressure.


BTC & ETH Market Analysis After the "Black Friday" Crash (October 10-15, 2025)

「黑色星期五」崩盤後的 BTC 和 ETH 市場分析（2025 年 10 月 10 日至 15 日）

<div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="4a39ae83-1ac3-40d6-9cf4-4427f6cd6306"><div class="bn-block" data-node-type="blockContainer" data-id="4a39ae83-1ac3-40d6-9cf4-4427f6cd6306"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Humanity Protocol (H)’s 100%+ surge on October 13 was really impressive, but I don’t think it was just short-term FOMO. Looking closely at the chart and volume in the previous days, I suspect Market Makers (MMs) quietly accumulated early, as buy volume increased noticeably even before the breakout.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="9fdcb4d4-51ba-4690-96bb-ba8aac58a449"><div class="bn-block" data-node-type="blockContainer" data-id="9fdcb4d4-51ba-4690-96bb-ba8aac58a449"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">What stood out during the strong surge was the lack of significant selling pressure. This usually happens when most tokens have already been accumulated and the floating supply in the market is limited. At this stage, MMs just need a small push to ignite the price, naturally triggering retail FOMO.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="7f74214b-0679-4309-805c-a09240423dcf"><div class="bn-block" data-node-type="blockContainer" data-id="7f74214b-0679-4309-805c-a09240423dcf"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">I remain cautiously positive on Humanity: the project has solid fundamentals, altcoin capital is returning, and market sentiment is warming up. However, I stay alert—after strong pumps like this, a short “shakeout” often comes to clear weaker positions.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="7d4d4502-bab6-4763-bfed-098e234d3a4e"><div class="bn-block" data-node-type="blockContainer" data-id="7d4d4502-bab6-4763-bfed-098e234d3a4e"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">If MMs are indeed accumulating, I think this is just the prelude. The main wave could still be ahead, but anyone joining should stay calm, split positions, and avoid chasing the top. Big waves are reserved for those patient enough to wait for MMs to make their move.</p></div><div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="7563b740-a813-4f06-a0cf-1558932cb19f"><div class="bn-block" data-node-type="blockContainer" data-id="7563b740-a813-4f06-a0cf-1558932cb19f"><div class="bn-block-content" data-content-type="image" data-url="https://static.sosovalue.com/sosovalue/2025/10/15/2592ec65-b8eb-4f97-963c-2162f34e8d8a.png" data-file-block=""><div class="bn-file-block-content-wrapper"><div class="bn-visual-media-wrapper"><img class="bn-visual-media" src="https://static.sosovalue.com/sosovalue/2025/10/15/2592ec65-b8eb-4f97-963c-2162f34e8d8a.png" alt="BlockNote image"></div></div></div></div></div></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="91d4530a-7dc7-44f0-b495-b443a2532da6"><div class="bn-block" data-node-type="blockContainer" data-id="91d4530a-7dc7-44f0-b495-b443a2532da6"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"></p></div></div></div></div>

Daily Roast

Humanity– Signs of “accumulation” ahead of a big wave

人類——大浪之前的「積累」跡象

<div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="8712f5b3-ee45-4890-bdd1-ad2763ce2ac8"><div class="bn-block" data-node-type="blockContainer" data-id="8712f5b3-ee45-4890-bdd1-ad2763ce2ac8"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"> Disruption through blockchain.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="d2712c1f-a448-4fbf-a947-4e37aae49160"><div class="bn-block" data-node-type="blockContainer" data-id="d2712c1f-a448-4fbf-a947-4e37aae49160"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"></p></div></div></div></div>

The Future of Financial Services

金融服務的未來

<div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="b0d0fc1d-ed41-4849-b93a-d0b9d4e0609f"><div class="bn-block" data-node-type="blockContainer" data-id="b0d0fc1d-ed41-4849-b93a-d0b9d4e0609f"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="d882e791-5290-4643-8af2-9c5d53008168"><div class="bn-block" data-node-type="blockContainer" data-id="d882e791-5290-4643-8af2-9c5d53008168"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">- Sau vụ quét thanh khoản Future vừa rồi thì sàn Binance đã bắt đầu hành động cho Community và bồi thường thiệt hại</p></div><div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="9c0288f8-8ddd-423d-85ca-62c7b2919204"><div class="bn-block" data-node-type="blockContainer" data-id="9c0288f8-8ddd-423d-85ca-62c7b2919204"><div class="bn-block-content" data-content-type="image" data-url="https://static.sosovalue.com/sosovalue/2025/10/15/685e1dc3-3a36-4e3d-8e1e-8b6552fe5d74.png" data-file-block=""><div class="bn-file-block-content-wrapper"><div class="bn-visual-media-wrapper"><img class="bn-visual-media" src="https://static.sosovalue.com/sosovalue/2025/10/15/685e1dc3-3a36-4e3d-8e1e-8b6552fe5d74.png" alt="BlockNote image"></div></div></div></div></div></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="ea99baa2-de0a-450c-b575-e3eb8e3a5225"><div class="bn-block" data-node-type="blockContainer" data-id="ea99baa2-de0a-450c-b575-e3eb8e3a5225"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"></p></div></div></div></div>

WHALES CHÁY 2M ĐƯỢC ĐỀN BÙ 0.26$

WHALES 損失 200万，獲得 0.26 美元的補償

<div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="7d756704-95cd-4d49-8edb-b46026483bb0"><div class="bn-block" data-node-type="blockContainer" data-id="7d756704-95cd-4d49-8edb-b46026483bb0"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">The U.S. Attorney’s Office for the Eastern District of New York + DOJ’s National Security Division just announced a massive civil forfeiture action.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="437ca32d-d145-4807-8968-91267e526e86"><div class="bn-block" data-node-type="blockContainer" data-id="437ca32d-d145-4807-8968-91267e526e86"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">💼 These BTC were tied to fraud &amp; money laundering schemes, originally stored in&nbsp;<em>non-custodial wallets</em>&nbsp;controlled by the defendants.<br>🔐 Authorities obtained the private keys and have full custody of the funds now.<br>🇺🇸 DOJ says this is the&nbsp;<strong>largest crypto asset seizure in U.S. history</strong>.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="d27f9a60-0cd4-416d-84ad-86c9d290425a"><div class="bn-block" data-node-type="blockContainer" data-id="d27f9a60-0cd4-416d-84ad-86c9d290425a"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Here’s the kicker 👇<br>If this forfeited BTC is counted toward the U.S. strategic Bitcoin reserves (which currently only include&nbsp;<em>passively seized assets</em>), then the U.S. government now holds roughly&nbsp;<strong>324,000 BTC</strong>&nbsp;— worth about&nbsp;<strong>$36.2B</strong>&nbsp;🤯<br>That would make Uncle Sam the&nbsp;<strong>#1 BTC holder in the world</strong>.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="d2277b72-fe1d-44fb-ab71-4a12303f5577"><div class="bn-block" data-node-type="blockContainer" data-id="d2277b72-fe1d-44fb-ab71-4a12303f5577"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">🤔 Strategic reserve... or future sell pressure? What do you think the U.S. will do with this stash?<br>👇 Sound off below.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="c2d50d23-fa0e-407b-91f6-118890672739"><div class="bn-block" data-node-type="blockContainer" data-id="c2d50d23-fa0e-407b-91f6-118890672739"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"></p></div></div></div></div>

🚨 U.S. seizes a record 127,271 BTC (~$15B) 😳

🚨 美國查獲創紀錄的 127,271 BTC（約 150 億美元）😳

<div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="e8bbe35f-6851-4bb7-987c-451ac335b0d0"><div class="bn-block" data-node-type="blockContainer" data-id="e8bbe35f-6851-4bb7-987c-451ac335b0d0"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">After searching for relevant news and research on SoSoValue, the data points to a specific, dramatic market event on October 10-11, 2025, which triggered massive liquidations and exposed operational issues at Binance. This has led to a loss of user trust, prompting a withdrawal of assets.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="f1d4728f-9a37-4737-a65e-b9093770a2fe"><div class="bn-block" data-node-type="blockContainer" data-id="f1d4728f-9a37-4737-a65e-b9093770a2fe"><div class="bn-block-content" data-content-type="heading"><h3 class="bn-inline-content"><strong>The Immediate Trigger: The October 10-11 Market Crash</strong></h3></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="9e7e5f01-eec3-49b6-9f1c-d844d05b86b8"><div class="bn-block" data-node-type="blockContainer" data-id="9e7e5f01-eec3-49b6-9f1c-d844d05b86b8"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">The core reason for the outflows is a sharp and sudden downturn in the cryptocurrency market. According to the latest news and insights provided by SoSoValue, this event resulted in billions of dollars in liquidations across the market.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="c45f1522-eece-45fa-8a25-5540bb287448"><div class="bn-block" data-node-type="blockContainer" data-id="c45f1522-eece-45fa-8a25-5540bb287448"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content"><strong>Massive Liquidations:</strong> Data indicates that the entire network liquidated 698 million in a 24-hour period, with a significant portion occurring on Binance. The largest single liquidation order was an ETHUSDT position worth nearly 12 million on Binance.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="8b542995-c4c0-4c03-9d86-d51bebc2a702"><div class="bn-block" data-node-type="blockContainer" data-id="8b542995-c4c0-4c03-9d86-d51bebc2a702"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content"><strong>Binance's "Mark Price" Mechanism:</strong> Binance co-founder He Yi responded to community backlash by explaining that Binance Futures uses a "mark price" for liquidations—a weighted average from multiple platforms designed to avoid extreme prices on a single exchange. However, during the crash, this mechanism, combined with other factors, failed to protect a large number of users.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="a253e528-eb70-449c-a295-8b51527c207d"><div class="bn-block" data-node-type="blockContainer" data-id="a253e528-eb70-449c-a295-8b51527c207d"><div class="bn-block-content" data-content-type="heading"><h3 class="bn-inline-content"><strong>The Crisis of Confidence: Operational Missteps and Allegations</strong></h3></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="63b7de9f-c407-4a3c-b74d-6ba10825f71f"><div class="bn-block" data-node-type="blockContainer" data-id="63b7de9f-c407-4a3c-b74d-6ba10825f71f"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">The market crash acted as a catalyst, but the subsequent loss of confidence stems from Binance's handling of the situation and other controversies.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="29ecb97c-98b8-4142-b6c0-0332bf612214"><div class="bn-block" data-node-type="blockContainer" data-id="29ecb97c-98b8-4142-b6c0-0332bf612214"><div class="bn-block-content" data-content-type="numberedListItem" data-index="1"><p class="bn-inline-content"><strong>K-Line Data Modification Controversy:</strong> A significant point of contention was the allegation that Binance modified its K-line (candlestick) chart data after the crash. He Yi attributed this to a "team member's misoperation," stating there was no malicious intent. However, the mere act of altering historical price data severely damaged perceptions of the platform's transparency and fairness. As one user quoted in the data stated, it sent a clear message: "I can change the numbers here at will."</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="2998aede-6da9-4a97-83a5-7dd162b8f128"><div class="bn-block" data-node-type="blockContainer" data-id="2998aede-6da9-4a97-83a5-7dd162b8f128"><div class="bn-block-content" data-content-type="numberedListItem" data-index="2"><p class="bn-inline-content"><strong>Questions Over Liquidation Figures:</strong> The community raised questions about the official liquidation figures reported by Binance. Comparisons were made with smaller platforms like HyperLiquid, which reported substantial liquidation volumes. The discrepancy led to speculation that Binance's reported numbers might not fully reflect the scale of the losses on its platform, further eroding trust.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="068fbdfc-4369-46d8-8582-2bc34c2e2451"><div class="bn-block" data-node-type="blockContainer" data-id="068fbdfc-4369-46d8-8582-2bc34c2e2451"><div class="bn-block-content" data-content-type="numberedListItem" data-index="3"><p class="bn-inline-content"><strong>Allegations of Unfair Practices:</strong> The data also includes news of Binance denying allegations from Limitless co-founder CJ Hetherington regarding its token listing process and claims of insider token dumping. While Binance refuted these as "false and defamatory," such public disputes contribute to an atmosphere of uncertainty and suspicion around the exchange's operations.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="d903015a-9ab6-45f9-b15b-97ed705bf7ae"><div class="bn-block" data-node-type="blockContainer" data-id="d903015a-9ab6-45f9-b15b-97ed705bf7ae"><div class="bn-block-content" data-content-type="heading"><h3 class="bn-inline-content"><strong>Binance's Response: The "Together Initiative"</strong></h3></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="785f543f-30ad-4813-86b0-89a2f104aacd"><div class="bn-block" data-node-type="blockContainer" data-id="785f543f-30ad-4813-86b0-89a2f104aacd"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">In an attempt to rebuild trust, Binance launched a $400 million "Together Initiative." This plan includes:</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="ab73ad4a-3664-43ed-8935-4ba640416ba0"><div class="bn-block" data-node-type="blockContainer" data-id="ab73ad4a-3664-43ed-8935-4ba640416ba0"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content"><strong>$300 million in user compensation</strong> via token vouchers for eligible users who suffered significant losses.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="dd5908c3-2d56-4980-94f0-2281c69e9a9f"><div class="bn-block" data-node-type="blockContainer" data-id="dd5908c3-2d56-4980-94f0-2281c69e9a9f"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content"><strong>$100 million in low-interest loans</strong> for affected institutional users.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="34d6f302-ca3b-4999-8a0a-ae452f8ab823"><div class="bn-block" data-node-type="blockContainer" data-id="34d6f302-ca3b-4999-8a0a-ae452f8ab823"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">While this is a significant gesture, the provided data shows mixed reactions. Some users viewed it as a positive step, while others saw it as insufficient or an admission of guilt, with one user quoted as saying, "If they can give so much money, they must have fleeced a lot of retail investors."</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="165f36e1-df34-4b73-99cb-5709f660537d"><div class="bn-block" data-node-type="blockContainer" data-id="165f36e1-df34-4b73-99cb-5709f660537d"><div class="bn-block-content" data-content-type="heading"><h3 class="bn-inline-content"><strong>Quantifying the Outflow</strong></h3></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="80588d38-70f7-431b-9a76-971f786110ab"><div class="bn-block" data-node-type="blockContainer" data-id="80588d38-70f7-431b-9a76-971f786110ab"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">The scale of the reaction is clear. After searching for relevant news and research on SoSoValue, one report explicitly states: "CEX has seen massive asset outflows over the past week, with Binance seeing $21.75 billion in outflows over the past seven days." This figure directly quantifies the significant capital flight from the platform.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="71abb14b-11e2-49f9-8841-1fcb4f464312"><div class="bn-block" data-node-type="blockContainer" data-id="71abb14b-11e2-49f9-8841-1fcb4f464312"><div class="bn-block-content" data-content-type="heading"><h3 class="bn-inline-content"><strong>Conclusion</strong></h3></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="fb4dc05d-ac87-4fdf-9287-3b3792709ab7"><div class="bn-block" data-node-type="blockContainer" data-id="fb4dc05d-ac87-4fdf-9287-3b3792709ab7"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">In summary, Jolene, the significant asset outflows from Binance are not due to a single factor but a combination:</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="fda48679-3369-4b71-85c1-9f042b54128f"><div class="bn-block" data-node-type="blockContainer" data-id="fda48679-3369-4b71-85c1-9f042b54128f"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">A <strong>sharp market crash</strong> that caused widespread liquidations.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="e29e86b7-463a-4cac-a191-5cfbf43b36e6"><div class="bn-block" data-node-type="blockContainer" data-id="e29e86b7-463a-4cac-a191-5cfbf43b36e6"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">A <strong>crisis of confidence</strong> triggered by operational controversies, most notably the K-line modification incident.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="cff9b5ea-da6a-4318-9301-b3c09fe317ab"><div class="bn-block" data-node-type="blockContainer" data-id="cff9b5ea-da6a-4318-9301-b3c09fe317ab"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Lingering <strong>questions about transparency</strong> and fair play.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="f3d83fb3-e6e0-423f-b18b-6a09c3c72438"><div class="bn-block" data-node-type="blockContainer" data-id="f3d83fb3-e6e0-423f-b18b-6a09c3c72438"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Users are withdrawing assets due to a perceived increase in risk and a breach of trust. While Binance has taken steps to compensate users, the outflows indicate that restoring confidence will be a challenge. The situation highlights the critical importance of operational integrity and transparency for centralized exchanges.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="4715049f-8a63-461c-a11d-a4684d3b50ed"><div class="bn-block" data-node-type="blockContainer" data-id="4715049f-8a63-461c-a11d-a4684d3b50ed"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"></p></div></div></div></div>

Why are we seeing significant asset outflows from CEX platforms like Binance?

為什麼我們看到像 Binance 這樣的 CEX 平台出現顯著的資產外流？

If that doesn't pay off my blindfolded, ape-in move with massive debt i don't know what will…  
this has no downside!


Just cashed out these big ICP gains to get on the BRAVO train. Next stop, ludicrous speed!

剛把這些 ICP 大賺的錢兌現，準備登上 BRAVO 列車。下一站，超光速！

<div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="05299f3d-de80-49d4-b2c7-efa097e66507"><div class="bn-block" data-node-type="blockContainer" data-id="05299f3d-de80-49d4-b2c7-efa097e66507"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Bitcoin is trading around $111,500, reflecting a 10% weekly drop and sparking concerns about a deeper pullback! Analysts are closely watching the $100,000 level as a potential target if Bitcoin fails to hold current support, with sentiment reaching multi-year lows. Key support levels to watch include $107,300, with a deeper zone of interest between $103,900 and $100,800. Despite negative sentiment and recent liquidation events erasing nearly $19 billion in open interest, some analysts suggest the market structure remains intact, viewing liquidations as cleansing phases followed by recovery. Key resistance remains around $116,000, while a break below $110,000-$111,000 could lead to a move towards $107,000! The market currently lacks a clear trend, with high volatility expected to continue.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="8ff29cc9-0c48-460a-94ba-94328057a5ae"><div class="bn-block" data-node-type="blockContainer" data-id="8ff29cc9-0c48-460a-94ba-94328057a5ae"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"></p></div></div></div></div>

$100K BTC? Bitcoin Chart Signals Possible Pullback Amid Volatility

10 萬美元 BTC？Bitcoin 圖表顯示可能在波動中出現回調

As of&nbsp;October 15, 2025, the&nbsp;Ethereum network&nbsp;is experiencing significant shifts in supply dynamics, with analysts predicting a potential surge in&nbsp;Ether’s price. The current landscape reveals three active “supply vacuums” that are exerting unprecedented pressure on the availability of Ether, which is likely to intensify as institutional demand continues to grow.

The increasing interest from&nbsp;institutional investors&nbsp;has become a crucial factor influencing the Ether market. This heightened demand is coinciding with a notable reduction in the circulating supply of Ether, creating a scenario where scarcity could drive prices upward. Analysts suggest that this combination of factors may lead to a substantial increase in Ether’s market value in the near future.

As the&nbsp;Ethereum ecosystem&nbsp;evolves, it remains to be seen how these supply dynamics will play out. However, the current trends indicate a pivotal moment for Ether, as both retail and institutional investors closely monitor the market for potential opportunities. The implications of these developments extend beyond mere price fluctuations, potentially reshaping the broader landscape of cryptocurrency investment.

In conclusion, the interplay of supply constraints and rising institutional interest positions Ether for a transformative period ahead. Stakeholders in the cryptocurrency space should remain vigilant as these trends unfold, as they may significantly impact market strategies and investment decisions.




Ether Faces Unprecedented Supply Pressure Amid Rising Institutional Demand

以太幣在機構需求不斷增長的情況下面臨前所未有的供應壓力

The crypto market experienced broad declines in the past 24 hours, influenced by multiple factors including a $400 million support initiative from binance announced yesterday to boost investor confidence. the industry-wide turmoil arises from a series of events that have heightened uncertainty in the market. among these was a significant liquidation incident on october 11, which led to marked fluctuations across various cryptocurrencies including bitcoin, ethereum and many other altcoins.

additionally, reports surfaced about alterations made to binance's historical data around this period intended for user compensation purposes (such as listing failed events to ensure they don't happen again).

further revelations included blockfi's selling of significant amounts ($14-$12 million) worth of sol due an underfunded loan arrangement with ftx trading ltd. these sales triggered reactions among investors who perceived them as dumping behavior rather than responsible risk management strategies.

on-chain analyst adam cochran reported withdrawals totaling approximately $450 superimposed upon negative news narratives surrounding digital asset exchanges like bybit experiencing their second consecutive day without outflows after two back-to-back volumes spiking sessions creating flooding conditions causing major liquidations along numerous large caps preceding late last night before redemption opportunities provided through low-utilized space also disrupted sellers off ledger shelves created panic buyers further aggravating general stores where short term traders often engage while disassociating deeper pocket players' holding positions grasping effectively high yields realized when averaging.
   other metrics exhibiting divergence observed movements not only characterized described patterns but also exhibited favorably higher influxes seen partial volume rebounds across most sectors maintaining value capitalizing increased retail positivity despite ongoing fears over liquidity depth issues plaguing numerous segments consolidating overall downward pressure saw performance decline indices nearing -5%.    for more detail see:   cryptocurrency prices dropped today as markets continued reacting following unease caused closely related incidents impacting trading activities leading respective exchanges scrutizining all financial arrangements ensuring integrity users funds are safeguarded delivering clarity results obtained assets rightfully claimed respectively held secured throughout processes verifying informations requested thus preventing frauds enabling opportunities towards regenerate losses gradually established rebuilding trust.


LAUNCHCOIN

Crypto Market Faces Broad Declines Amid Post-Liquidation Volatility

加密貨幣市場在清算後的波動中面臨廣泛下跌

HOT: Một cá voi Trung Quốc mất hơn 2.000.000 đô la trong vụ sập trên Binance hôm trước đã nhận được 0,26 USDT tiền bồi thường .
Trò hề :)))))

熱門：一條中國鯨魚在前幾天 Binance 的崩盤中損失了超過 2,000,000 美元，收到了 0.26 USDT 的賠償金。
一場鬧劇 :)))))

🚩 Fear’s False Flag「 ✦ FVM Research ✦ 」𓆰♕𓆪

🚩 恐懼的假旗「 ✦ FVM 研究 ✦ 」𓆰♕𓆪

<div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="7c8d78c9-d966-4127-9306-2c2866d38d43"><div class="bn-block" data-node-type="blockContainer" data-id="7c8d78c9-d966-4127-9306-2c2866d38d43"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Japan is preparing to <strong>prohibit insider trading in cryptocurrency markets</strong>, according to a recent report by <em>Nikkei</em>. The move marks another major step in aligning Japan’s crypto regulations with traditional financial market standards.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="b8ebe2a5-ec3f-4064-a5a6-3040dfc76b25"><div class="bn-block" data-node-type="blockContainer" data-id="b8ebe2a5-ec3f-4064-a5a6-3040dfc76b25"><div class="bn-block-content" data-content-type="heading"><h3 class="bn-inline-content">📰 Key Details</h3></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="e4009790-d524-4ac5-91ba-518efe3d9ade"><div class="bn-block" data-node-type="blockContainer" data-id="e4009790-d524-4ac5-91ba-518efe3d9ade"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Japan’s regulators are drafting a new framework that will <strong>explicitly ban insider trading involving crypto assets</strong>.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="d795b9df-d120-4155-9451-cf97309d126e"><div class="bn-block" data-node-type="blockContainer" data-id="d795b9df-d120-4155-9451-cf97309d126e"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Currently, Japan’s <strong>Financial Instruments and Exchange Act (FIEA)</strong> does <strong>not</strong> cover insider trading for crypto, leaving a legal gap.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="4ad5e789-0f2b-428c-9119-91575868418d"><div class="bn-block" data-node-type="blockContainer" data-id="4ad5e789-0f2b-428c-9119-91575868418d"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Under the new rules, the <strong>Securities and Exchange Surveillance Commission (SESC)</strong> — Japan’s main market watchdog — will be empowered to <strong>investigate suspicious crypto transactions</strong> and <strong>impose penalties or criminal charges</strong> for violations.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="4002d7a0-27c4-4e48-86b8-5350f6b9feb6"><div class="bn-block" data-node-type="blockContainer" data-id="4002d7a0-27c4-4e48-86b8-5350f6b9feb6"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">The legislation will clarify:</p></div><div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="c7b1b041-cd61-4f23-8c42-2fb6d5c9d268"><div class="bn-block" data-node-type="blockContainer" data-id="c7b1b041-cd61-4f23-8c42-2fb6d5c9d268"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">What constitutes “insider information” in crypto projects</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="e0cb8783-5514-4ff8-8dcf-0bc10b63c218"><div class="bn-block" data-node-type="blockContainer" data-id="e0cb8783-5514-4ff8-8dcf-0bc10b63c218"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Who qualifies as an “insider”</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="0bcc1cea-a4f4-4965-8e65-1cafa18931e7"><div class="bn-block" data-node-type="blockContainer" data-id="0bcc1cea-a4f4-4965-8e65-1cafa18931e7"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">When information must be publicly disclosed</p></div></div></div></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="97aa5000-6bbb-48aa-bd28-0728508bff53"><div class="bn-block" data-node-type="blockContainer" data-id="97aa5000-6bbb-48aa-bd28-0728508bff53"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">The <strong>Financial Services Agency (FSA)</strong> is reportedly forming a working group to finalize the legal framework and aims to <strong>introduce the bill to parliament by 2026</strong>.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="46eaef15-4f0f-4d53-8b7c-6fc01ca3b5fa"><div class="bn-block" data-node-type="blockContainer" data-id="46eaef15-4f0f-4d53-8b7c-6fc01ca3b5fa"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><em>(Sources: Nikkei, Cointelegraph, Decrypt, Reuters)</em></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="a4b74084-5cdf-4f05-bb00-760b7213c36d"><div class="bn-block" data-node-type="blockContainer" data-id="a4b74084-5cdf-4f05-bb00-760b7213c36d"><div class="bn-block-content" data-content-type="heading"><h3 class="bn-inline-content">🎯 Why This Matters</h3></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="d9944b5a-b85c-4df1-93fb-4af3c010e4bb"><div class="bn-block" data-node-type="blockContainer" data-id="d9944b5a-b85c-4df1-93fb-4af3c010e4bb"><div class="bn-block-content" data-content-type="numberedListItem" data-index="1"><p class="bn-inline-content"><strong>Boosting Market Confidence</strong><br>The measure is expected to enhance trust in Japan’s crypto markets by reducing manipulation, information asymmetry, and unfair trading advantages.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="5a12180b-a026-4f90-8b57-58cb574ccd19"><div class="bn-block" data-node-type="blockContainer" data-id="5a12180b-a026-4f90-8b57-58cb574ccd19"><div class="bn-block-content" data-content-type="numberedListItem" data-index="2"><p class="bn-inline-content"><strong>Strengthening Oversight</strong><br>Giving the SESC clear authority will help Japan monitor crypto transactions more effectively, even though decentralized systems make enforcement complex.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="875702c1-81f1-4e9b-9b48-a14e196de0cb"><div class="bn-block" data-node-type="blockContainer" data-id="875702c1-81f1-4e9b-9b48-a14e196de0cb"><div class="bn-block-content" data-content-type="numberedListItem" data-index="3"><p class="bn-inline-content"><strong>Regulatory Alignment</strong><br>Japan has long aimed to integrate crypto within its financial regulatory system. Earlier in 2025, Nikkei also reported that the government plans to <strong>grant crypto assets legal status as financial products</strong>, paving the way for broader investor protection measures.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="aa732478-e10d-4cce-a05b-f4c3afce5de7"><div class="bn-block" data-node-type="blockContainer" data-id="aa732478-e10d-4cce-a05b-f4c3afce5de7"><div class="bn-block-content" data-content-type="numberedListItem" data-index="4"><p class="bn-inline-content"><strong>Challenges Ahead</strong></p></div><div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="5004d0ca-d7a0-4f8b-b349-a61a840f9605"><div class="bn-block" data-node-type="blockContainer" data-id="5004d0ca-d7a0-4f8b-b349-a61a840f9605"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Determining who counts as an “insider” in decentralized projects</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="f9a01339-5dad-49b7-ad32-7d1d8b6631e1"><div class="bn-block" data-node-type="blockContainer" data-id="f9a01339-5dad-49b7-ad32-7d1d8b6631e1"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Defining what qualifies as “non-public” or “market-moving” information</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="9080e040-642a-49be-a3e4-4be2f993488c"><div class="bn-block" data-node-type="blockContainer" data-id="9080e040-642a-49be-a3e4-4be2f993488c"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Regulating cross-border transactions in globally traded digital assets</p></div></div></div></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="c58a8f2a-bf0e-4a22-bb62-91fb9f76fa78"><div class="bn-block" data-node-type="blockContainer" data-id="c58a8f2a-bf0e-4a22-bb62-91fb9f76fa78"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"></p></div></div></div></div>

🇯🇵 Japan Moves to Ban Insider Trading in Crypto Markets (Nikkei)

🇯🇵 日本將禁止加密貨幣市場內線交易（日經新聞）

<div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="52f09837-4eef-43de-99f2-45c826a98fe2"><div class="bn-block" data-node-type="blockContainer" data-id="52f09837-4eef-43de-99f2-45c826a98fe2"><div class="bn-block-content" data-content-type="heading"><h3 class="bn-inline-content">🧭 Strategic Pivot: Sovereignty in the Digital Era</h3></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="a2ff091b-3414-4971-80ef-e2a4c411c03a"><div class="bn-block" data-node-type="blockContainer" data-id="a2ff091b-3414-4971-80ef-e2a4c411c03a"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">On <strong>October 15, 2025</strong>, Bhutan — the Himalayan kingdom famed for Gross National Happiness — pivots from serene monasteries to cutting-edge digital governance. Transitioning its <strong>National Digital Identity (NDI)</strong> system from <strong>Polygon</strong> to <strong>Ethereum</strong>, the nation is making a bold bet: anchoring the digital identities of 800,000 citizens on the world’s most secure blockchain.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="09e05c4b-6b7d-4fa6-9c78-6e59c141edcf"><div class="bn-block" data-node-type="blockContainer" data-id="09e05c4b-6b7d-4fa6-9c78-6e59c141edcf"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">This isn’t just a tech upgrade — it’s a recalibration of <strong>sovereignty</strong>, <strong>security</strong>, and <strong>strategic alignment</strong> in a multipolar digital world.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="e2dbe47c-d1bc-4c19-8e57-0a11727abf73"><div class="bn-block" data-node-type="blockContainer" data-id="e2dbe47c-d1bc-4c19-8e57-0a11727abf73"><div class="bn-block-content" data-content-type="heading"><h3 class="bn-inline-content">🛠 The Upgrade: Polygon Efficiency → Ethereum’s Fortress</h3></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="d0294f2a-6628-4b6f-85fb-0d4f24f2f36a"><div class="bn-block" data-node-type="blockContainer" data-id="d0294f2a-6628-4b6f-85fb-0d4f24f2f36a"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Bhutan’s NDI launched in 2024 on Polygon after an initial Hyperledger pilot. It leveraged <strong>zk-proof scalability</strong> and negligible fees to onboard users cheaply. But GovTech Secretary Jigme Tenzing frames the Ethereum migration as “further strengthening,” targeting <strong>full rollout by Q1 2026</strong>.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="9c6b9ae8-e8c9-4db7-96b5-63ec6264d50e"><div class="bn-block" data-node-type="blockContainer" data-id="9c6b9ae8-e8c9-4db7-96b5-63ec6264d50e"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Why switch?</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="4e1f7a99-bb3e-4b4b-9707-3d8a5e31781c"><div class="bn-block" data-node-type="blockContainer" data-id="4e1f7a99-bb3e-4b4b-9707-3d8a5e31781c"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">🧱 <strong>Decentralization</strong>: Ethereum’s validator network and Dencun upgrades offer state-grade security and quantum resistance.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="84965f99-074d-4e14-a85a-10de97d990bf"><div class="bn-block" data-node-type="blockContainer" data-id="84965f99-074d-4e14-a85a-10de97d990bf"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">🌍 <strong>Interoperability</strong>: With 60%+ of DeFi TVL on Ethereum, Bhutan plugs into global Web3 rails — enabling remittances, e-governance, and cross-border services.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="429db6f1-7fbb-4d9f-9ae9-b00148db0a17"><div class="bn-block" data-node-type="blockContainer" data-id="429db6f1-7fbb-4d9f-9ae9-b00148db0a17"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">🔐 <strong>Transparency</strong>: Ethereum’s immutable audit trails align with Bhutan’s governance ethos.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="ecefeaba-d5cc-495a-bd9b-f51de15ca2db"><div class="bn-block" data-node-type="blockContainer" data-id="ecefeaba-d5cc-495a-bd9b-f51de15ca2db"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><strong>Trade-off:</strong> Polygon’s pennies-per-transaction gave way to Ethereum’s higher fees, but Bhutan is betting security &gt; cost as adoption scales. A <strong>15-month migration window</strong> introduces execution risks, especially in rural zones where connectivity lags at 70%.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="23b18871-ba73-497a-93d6-d7e53de1aedc"><div class="bn-block" data-node-type="blockContainer" data-id="23b18871-ba73-497a-93d6-d7e53de1aedc"><div class="bn-block-content" data-content-type="heading"><h3 class="bn-inline-content">₿ The Crypto Crown: Bitcoin Reserves as Strategic Buffer</h3></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="91c7f349-5d85-4dad-81c0-21d4d216fdb4"><div class="bn-block" data-node-type="blockContainer" data-id="91c7f349-5d85-4dad-81c0-21d4d216fdb4"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Since 2019, state-owned <strong>Druk Holding</strong> has mined Bitcoin using surplus hydropower, quietly amassing <strong>6,371 BTC</strong> — placing Bhutan <strong>6th globally</strong> (behind US, China, UK, Ukraine, UAE). Valued around <strong>$400M</strong>, this reserve cushions tourism dips (85% of pre-COVID recovery) and funds green initiatives — a unique fusion of <strong>“crypto for karma.”</strong></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="692894da-0314-463c-bd24-5a5cb31c5f11"><div class="bn-block" data-node-type="blockContainer" data-id="692894da-0314-463c-bd24-5a5cb31c5f11"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Ethereum-based NDI could, in theory, <strong>tokenize Bhutan’s BTC reserves</strong>, allowing citizens fractional ownership — embedding wealth distribution into national identity. Strategically, Bhutan positions itself as a <strong>“Web3 Switzerland of the East”</strong>, attracting talent and capital flows.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="4c4910f9-8918-4699-978f-5ce8d71f9f5c"><div class="bn-block" data-node-type="blockContainer" data-id="4c4910f9-8918-4699-978f-5ce8d71f9f5c"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">⚠️ Risks remain:</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="439a1b00-7a9c-4143-9398-624797c2df23"><div class="bn-block" data-node-type="blockContainer" data-id="439a1b00-7a9c-4143-9398-624797c2df23"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">A US ETF clampdown could cut BTC valuations by 30%, stressing Bhutan’s $2.5B GDP.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="84608911-59c2-49f7-b146-ecb394edbf97"><div class="bn-block" data-node-type="blockContainer" data-id="84608911-59c2-49f7-b146-ecb394edbf97"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Energy use, though 95% renewable, invites <strong>greenwashing scrutiny</strong> without transparent audits.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="79f0fc22-e8f4-41cc-b3c4-8601a34ff910"><div class="bn-block" data-node-type="blockContainer" data-id="79f0fc22-e8f4-41cc-b3c4-8601a34ff910"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Sovereign exposure to volatile crypto assets demands fiscal discipline.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="9bae4e27-f115-419e-a228-892491b4035a"><div class="bn-block" data-node-type="blockContainer" data-id="9bae4e27-f115-419e-a228-892491b4035a"><div class="bn-block-content" data-content-type="heading"><h3 class="bn-inline-content">🌐 Horizon of Harmony: Global Implications</h3></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="ca8cf8aa-cd86-4944-9353-7b0bec3cf948"><div class="bn-block" data-node-type="blockContainer" data-id="ca8cf8aa-cd86-4944-9353-7b0bec3cf948"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Bhutan’s Ethereum embrace exemplifies <strong>measured innovation</strong>. SSI reduces identity theft — a $50B global scourge — while Bitcoin reserves diversify national assets. GovTech projects <strong>90% NDI adoption by 2027</strong> if APIs mature. Estonia and India are already studying Bhutan’s blueprint for zk-rollup–based ID frameworks.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="d20519d2-01a9-430e-8a0e-e04c37a69eae"><div class="bn-block" data-node-type="blockContainer" data-id="d20519d2-01a9-430e-8a0e-e04c37a69eae"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Yet, <strong>depth demands caution</strong>:</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="90633711-dc50-4787-8a95-f7fb9301628a"><div class="bn-block" data-node-type="blockContainer" data-id="90633711-dc50-4787-8a95-f7fb9301628a"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Top 10 Ethereum validators control 35% stake — a potential chokepoint.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="f3ef07ca-b002-4aff-a834-b9eb4874ca63"><div class="bn-block" data-node-type="blockContainer" data-id="f3ef07ca-b002-4aff-a834-b9eb4874ca63"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Oracle dependencies in NDI could mirror existing centralization risks.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="65ee905e-d7d1-4815-80e3-a8ab2a8f6b83"><div class="bn-block" data-node-type="blockContainer" data-id="65ee905e-d7d1-4815-80e3-a8ab2a8f6b83"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">Citizen education and open-source audits will be key to avoid digital inequality.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="a8e3a1b9-e04c-43f4-9cfb-ec23eade8d6d"><div class="bn-block" data-node-type="blockContainer" data-id="a8e3a1b9-e04c-43f4-9cfb-ec23eade8d6d"><div class="bn-block-content" data-content-type="heading"><h3 class="bn-inline-content">📝 Verdict: Revolution with Reins</h3></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="019c3f9d-68ab-4d70-977b-b16fbed49430"><div class="bn-block" data-node-type="blockContainer" data-id="019c3f9d-68ab-4d70-977b-b16fbed49430"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Bhutan isn’t chasing hype; it’s <strong>architecting sovereignty</strong> through blockchain. If successful, this pivot could redefine digital governance models — blending <strong>resilience</strong>, <strong>inclusivity</strong>, and <strong>strategic neutrality</strong> in a world where data is power.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="906c9ae3-8e7b-44af-bde3-bb52aa2eeee5"><div class="bn-block" data-node-type="blockContainer" data-id="906c9ae3-8e7b-44af-bde3-bb52aa2eeee5"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">#BhutanBlockchain #EthereumID #DigitalIdentity #CryptoSovereignty #BitcoinTreasury #Web3Governance #SSI #BlockchainStrategy #Ethereum #DeFi #MacroCrypto #Analysis #DeepDive</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="e7d64229-2ea5-44a8-a47e-243be25f07da"><div class="bn-block" data-node-type="blockContainer" data-id="e7d64229-2ea5-44a8-a47e-243be25f07da"><div class="bn-block-content" data-content-type="image" data-name="photo_2025-10-15_09-52-39.jpg" data-url="https://static.sosovalue.com/sosovalue/2025/10/15/a4d0eb7f-abe6-4fe8-9a50-cf666ff963e5.jpg" data-file-block=""><div class="bn-file-block-content-wrapper"><div class="bn-visual-media-wrapper"><img class="bn-visual-media" src="https://static.sosovalue.com/sosovalue/2025/10/15/a4d0eb7f-abe6-4fe8-9a50-cf666ff963e5.jpg" alt="photo_2025-10-15_09-52-39.jpg"></div></div></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="6d2e3b86-3e6c-47d0-9aa3-770b6b210ca2"><div class="bn-block" data-node-type="blockContainer" data-id="6d2e3b86-3e6c-47d0-9aa3-770b6b210ca2"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Regards,</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="6addd7d2-8e56-4b03-aa28-93a68a8b17f1"><div class="bn-block" data-node-type="blockContainer" data-id="6addd7d2-8e56-4b03-aa28-93a68a8b17f1"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">FVM Research</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="27bc506b-5617-4212-a566-7dd20e0aed62"><div class="bn-block" data-node-type="blockContainer" data-id="27bc506b-5617-4212-a566-7dd20e0aed62"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">꧁𓊈𒆜𝓕𝓥𝓜𒆜𓊉꧂</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="c6b750c5-a000-4798-bd6a-3cbaf7074e3a"><div class="bn-block" data-node-type="blockContainer" data-id="c6b750c5-a000-4798-bd6a-3cbaf7074e3a"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">𝗙𝗼𝗹𝗹𝗼𝘄 𝗺𝗲╰┈➤ Forever_More 🔔</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="20cd25e4-791a-482f-ac9b-0ae4388f5562"><div class="bn-block" data-node-type="blockContainer" data-id="20cd25e4-791a-482f-ac9b-0ae4388f5562"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"></p></div></div></div></div>

🇧🇹 Bhutan’s Bold Blockchain Shift「 ✦ FVM Research ✦ 」𓆰♕𓆪

🇧🇹 不丹的大膽區塊鏈轉變「✦ FVM Research ✦ 」𓆰♕𓆪

---<br>1. china officially retaliated against trump&#39;s tariffs,<br>2. the u.s. government seized a record $15 billion in btc (including confiscating the majority of the hu bian mining pool).<br>3. binance experienced a major system failure due to data errors and price fluctuations.<br>---<br>4. tether reached a settlement with celsius bankruptcy consortium, paying about $300 million<br>5. blackrock ceo revealed that blackrock is exploring tokenization in investment products.<br>-source: pan news2000+ futures longs opened <200m usd<br>soso trading data source: okx


[ Price Crash )

【價格暴跌】

<div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="d7bdb81d-bca7-4b54-99f5-6d7173495714"><div class="bn-block" data-node-type="blockContainer" data-id="d7bdb81d-bca7-4b54-99f5-6d7173495714"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">当AI掀起一场生产力革命时，另一场更隐秘的革命，正在金融体系的底层悄然展开。<br>那就是——加密货币，正在成为AI时代的金融资产。</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="7d92cc58-b95d-481a-afd3-e7f5257f7e11"><div class="bn-block" data-node-type="blockContainer" data-id="7d92cc58-b95d-481a-afd3-e7f5257f7e11"><div class="bn-block-content" data-content-type="heading"><h2 class="bn-inline-content">一、每一次技术革命，都会诞生一种新资产</h2></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="2c6888ac-8dc3-45e7-b51c-e87bc27b0fee"><div class="bn-block" data-node-type="blockContainer" data-id="2c6888ac-8dc3-45e7-b51c-e87bc27b0fee"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">历史上，每一次生产力的飞跃，都伴随着新的金融工具诞生：</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="31fb3949-ec11-4963-b8ec-946aa9ec656f"><div class="bn-block" data-node-type="blockContainer" data-id="31fb3949-ec11-4963-b8ec-946aa9ec656f"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">工业革命带来了<strong>股份公司与股票市场</strong>；</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="7619da73-43d6-488a-99a2-ca9b453fc135"><div class="bn-block" data-node-type="blockContainer" data-id="7619da73-43d6-488a-99a2-ca9b453fc135"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">互联网革命催生了<strong>科技股和数字经济</strong>；</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="23edf194-ae41-4d59-81e7-9287c1f884ca"><div class="bn-block" data-node-type="blockContainer" data-id="23edf194-ae41-4d59-81e7-9287c1f884ca"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content">而今天的AI革命，将催生<strong>智能化的资产形态</strong>。</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="39eaf378-9d8c-490e-b837-19bf799ec9ee"><div class="bn-block" data-node-type="blockContainer" data-id="39eaf378-9d8c-490e-b837-19bf799ec9ee"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">AI让机器能思考、能创作；而加密货币，让金钱能流动、能自主。</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="33425698-ba8a-4cef-84ce-9cf7ecfccc24"><div class="bn-block" data-node-type="blockContainer" data-id="33425698-ba8a-4cef-84ce-9cf7ecfccc24"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="1cb274a2-e3ce-4895-8c37-b4fc05fbb45a"><div class="bn-block" data-node-type="blockContainer" data-id="1cb274a2-e3ce-4895-8c37-b4fc05fbb45a"><div class="bn-block-content" data-content-type="quote"><blockquote class="bn-inline-content"><strong>AI改变生产力，加密货币改变价值的流动方式。</strong></blockquote></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="45d5a625-8557-41e2-8a35-3202827fb27d"><div class="bn-block" data-node-type="blockContainer" data-id="45d5a625-8557-41e2-8a35-3202827fb27d"><div class="bn-block-content" data-content-type="heading"><h2 class="bn-inline-content">二、AI为何需要加密货币</h2></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="1b59d696-6b81-4666-b466-b529f150deb2"><div class="bn-block" data-node-type="blockContainer" data-id="1b59d696-6b81-4666-b466-b529f150deb2"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">表面上，AI是关于算法和算力的竞争；但在更深层，它是一个关于<strong>激励与确权</strong>的体系。</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="3f129f57-53c8-4991-bb30-f98c0cb7354f"><div class="bn-block" data-node-type="blockContainer" data-id="3f129f57-53c8-4991-bb30-f98c0cb7354f"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">想象一下：<br>AI训练需要大量数据、算力和模型参数。<br>谁来贡献这些资源？谁来获得收益？<br>传统体系中，这种分配由平台中心化控制。</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="e26cf628-285d-46ce-bf38-f0746d79069e"><div class="bn-block" data-node-type="blockContainer" data-id="e26cf628-285d-46ce-bf38-f0746d79069e"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">而在加密世界里，区块链提供了三种关键机制：</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="e98c6ad4-734e-49e1-888c-2f39be23f5ca"><div class="bn-block" data-node-type="blockContainer" data-id="e98c6ad4-734e-49e1-888c-2f39be23f5ca"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">1️⃣ <strong>确权机制</strong> —— 数据、模型、算力都能在链上登记、追踪、定价；<br>2️⃣ <strong>激励机制</strong> —— 贡献者获得代币奖励，形成正向循环；<br>3️⃣ <strong>自治机制</strong> —— 智能体（AI Agent）可自主交易、结算、执行任务。</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="8b858e31-ef41-4058-85cb-14c88e4a2c79"><div class="bn-block" data-node-type="blockContainer" data-id="8b858e31-ef41-4058-85cb-14c88e4a2c79"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">于是，AI不再依赖单一平台，而是成为一个<strong>去中心化的协作网络</strong>。</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="ecbb771e-7619-4707-a180-3475fab581bd"><div class="bn-block" data-node-type="blockContainer" data-id="ecbb771e-7619-4707-a180-3475fab581bd"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">这正是像 <strong>Bittensor、<a target="_blank" rel="noopener noreferrer nofollow" href="http://Fetch.AI">Fetch.AI</a>、SingularityNET</strong> 这样的项目正在尝试的方向：<br>让AI模型自由交易、互相调用，用Token激励整个智能生态的成长。</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="0ec8d584-967b-4528-a575-da77e7d55793"><div class="bn-block" data-node-type="blockContainer" data-id="0ec8d584-967b-4528-a575-da77e7d55793"><div class="bn-block-content" data-content-type="heading"><h2 class="bn-inline-content">三、AI让加密货币真正“有用”</h2></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="2fc4f53c-8df6-4466-bd1b-de0f375a3be4"><div class="bn-block" data-node-type="blockContainer" data-id="2fc4f53c-8df6-4466-bd1b-de0f375a3be4"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">过去，加密市场被批评为“没有应用场景”。<br>币价靠炒作，故事靠想象。</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="1459d43e-6aa0-4577-b364-b80110a8ec7c"><div class="bn-block" data-node-type="blockContainer" data-id="1459d43e-6aa0-4577-b364-b80110a8ec7c"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">但AI的崛起，让加密资产找到了真正的“刚需”。</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="1982023b-09ef-4430-a0f2-e3dc3efbfbf9"><div class="bn-block" data-node-type="blockContainer" data-id="1982023b-09ef-4430-a0f2-e3dc3efbfbf9"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content"><strong>算力需求</strong>：AI训练和推理都需要GPU和计算资源 → 出现了去中心化算力网络（如Render、Akash）；</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="e01bc879-6326-419c-8bfc-e8fdf3513d76"><div class="bn-block" data-node-type="blockContainer" data-id="e01bc879-6326-419c-8bfc-e8fdf3513d76"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content"><strong>数据确权</strong>：AI训练数据版权纠纷频发 → 出现了内容确权协议（如Story Protocol）；</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="ed51eaba-011b-408b-a225-399d281a47e3"><div class="bn-block" data-node-type="blockContainer" data-id="ed51eaba-011b-408b-a225-399d281a47e3"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content"><strong>自主经济体</strong>：AI Agent 需要自主执行任务、支付费用 → 加密钱包和智能合约成为它们的“金融接口”。</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="526a9860-79cd-4867-a0f6-c8d0e8db5a2c"><div class="bn-block" data-node-type="blockContainer" data-id="526a9860-79cd-4867-a0f6-c8d0e8db5a2c"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">可以说，AI是“加密货币的需求端”，<br>而加密货币是“AI的金融端”。</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="6ffe92de-214f-4e02-917a-a51886122373"><div class="bn-block" data-node-type="blockContainer" data-id="6ffe92de-214f-4e02-917a-a51886122373"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">两者结合，正在催生一个全新的经济体系：<strong>机器之间的经济（Machine Economy）</strong>。</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="07883b4f-2752-492c-9dea-c9c38eb6430c"><div class="bn-block" data-node-type="blockContainer" data-id="07883b4f-2752-492c-9dea-c9c38eb6430c"><div class="bn-block-content" data-content-type="heading"><h2 class="bn-inline-content">四、从投机到基础设施：资产的进化</h2></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="8b6a1d88-a03d-49a8-ad26-348998454d4f"><div class="bn-block" data-node-type="blockContainer" data-id="8b6a1d88-a03d-49a8-ad26-348998454d4f"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">十年前，人们买比特币是为了“投机”；<br>今天，人们持有比特币，是为了<strong>抵御法币通胀</strong>。</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="cf9d5685-e490-4aaa-9b4a-2f6f200c347d"><div class="bn-block" data-node-type="blockContainer" data-id="cf9d5685-e490-4aaa-9b4a-2f6f200c347d"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">同样地，未来人们持有AI相关代币，不是因为“热度”，<br>而是因为它代表着AI网络的算力、数据或智能服务——<br>一种<strong>真实、有产出的金融资产</strong>。</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="3ac5a7aa-1557-4dcd-80b5-08a6d51215ac"><div class="bn-block" data-node-type="blockContainer" data-id="3ac5a7aa-1557-4dcd-80b5-08a6d51215ac"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">例如：</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="c49c4dad-f4bf-498c-b46a-c9846abd6180"><div class="bn-block" data-node-type="blockContainer" data-id="c49c4dad-f4bf-498c-b46a-c9846abd6180"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content"><strong>Bittensor（TAO）</strong>：将AI模型性能与算力直接挂钩，参与者通过贡献智能获得收益；</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="e455031a-6aa3-4757-a131-214d2f1a0c58"><div class="bn-block" data-node-type="blockContainer" data-id="e455031a-6aa3-4757-a131-214d2f1a0c58"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content"><strong>Render（RNDR）</strong>：让闲置GPU为AI渲染任务服务，赚取Token；</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="047fbbee-0504-4f0f-85a5-0ca676f645ed"><div class="bn-block" data-node-type="blockContainer" data-id="047fbbee-0504-4f0f-85a5-0ca676f645ed"><div class="bn-block-content" data-content-type="bulletListItem"><p class="bn-inline-content"><strong>Story Protocol</strong>：用区块链确权创作者内容，AI可合法调用并支付报酬。</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="c1342d64-73b1-41ab-9e16-ae8385f7ede7"><div class="bn-block" data-node-type="blockContainer" data-id="c1342d64-73b1-41ab-9e16-ae8385f7ede7"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">这些项目的共同点是：<br>它们不再讲“币圈的故事”，而是在搭建AI时代的<strong>数字经济基础设施</strong>。</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="671e97e3-1276-4277-ab0b-6e9f5ba807af"><div class="bn-block" data-node-type="blockContainer" data-id="671e97e3-1276-4277-ab0b-6e9f5ba807af"><div class="bn-block-content" data-content-type="heading"><h2 class="bn-inline-content">五、AI时代的投资逻辑：钱往哪里流？</h2></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="0d304456-ec93-4aac-b8ac-22ba045a06fc"><div class="bn-block" data-node-type="blockContainer" data-id="0d304456-ec93-4aac-b8ac-22ba045a06fc"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">如果说传统投资看“现金流”，<br>那么AI时代的投资，看的是“算力流”和“数据流”。</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="23b34138-81e2-4276-82b7-b9bc6c83fbb9"><div class="bn-block" data-node-type="blockContainer" data-id="23b34138-81e2-4276-82b7-b9bc6c83fbb9"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">未来的价值分布将呈现三层结构：</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="dcb1bf69-9c18-4d5a-854d-f36efd435b6a"><div class="bn-block" data-node-type="blockContainer" data-id="dcb1bf69-9c18-4d5a-854d-f36efd435b6a"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><strong>第一层：基础设施层</strong><br>→ GPU、算力、存储、带宽。谁掌握资源分配权，谁掌握AI时代的能源。</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="77d06fd2-834a-4038-9c50-421fe996d58e"><div class="bn-block" data-node-type="blockContainer" data-id="77d06fd2-834a-4038-9c50-421fe996d58e"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><strong>第二层：应用层</strong><br>→ AI模型交易平台、AI Agent 市场、内容确权协议。它们是AI经济的“应用生态”。</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="8b008bb4-32e7-401c-b74c-269096265826"><div class="bn-block" data-node-type="blockContainer" data-id="8b008bb4-32e7-401c-b74c-269096265826"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><strong>第三层：金融层</strong><br>→ 去中心化金融（DeFi）结合AI，自动进行资产配置、风险管理与预测。</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="9d2889bf-a1f7-4668-b3ee-60c1871474ce"><div class="bn-block" data-node-type="blockContainer" data-id="9d2889bf-a1f7-4668-b3ee-60c1871474ce"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">当AI驱动资产流动、智能决策、动态定价时，<br>整个金融体系的逻辑将被改写。</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="c28e7318-2bdb-44c3-b494-73994bd96677"><div class="bn-block" data-node-type="blockContainer" data-id="c28e7318-2bdb-44c3-b494-73994bd96677"><div class="bn-block-content" data-content-type="heading"><h2 class="bn-inline-content">六、结语：AI创造价值，Crypto分配价值</h2></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="a7b675cc-b894-4bd7-aa82-9a6bd51c59e1"><div class="bn-block" data-node-type="blockContainer" data-id="a7b675cc-b894-4bd7-aa82-9a6bd51c59e1"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">未来的经济体，AI将负责“创造价值”，<br>而加密货币将负责“分配价值”。</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="6ea89466-c1e0-4418-9eae-f661c81d7584"><div class="bn-block" data-node-type="blockContainer" data-id="6ea89466-c1e0-4418-9eae-f661c81d7584"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">AI让机器能思考，Crypto让金钱会思考。</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="b32f5fc3-e744-4697-b265-1919a296fda2"><div class="bn-block" data-node-type="blockContainer" data-id="b32f5fc3-e744-4697-b265-1919a296fda2"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">这不是一次“币圈的投机潮”，<br>而是一场“金融操作系统的重构”。</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="c9ef883e-dced-46db-b210-8ca9cbd126c7"><div class="bn-block" data-node-type="blockContainer" data-id="c9ef883e-dced-46db-b210-8ca9cbd126c7"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">当AI开始生成世界，<br>加密货币，就是它的<strong>金融引擎</strong>。</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="b6aebef3-6f28-4b35-a15a-54291992b855"><div class="bn-block" data-node-type="blockContainer" data-id="b6aebef3-6f28-4b35-a15a-54291992b855"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"></p></div></div></div></div>

加密货币：AI时代的金融资产

加密貨幣：AI時代的金融資產

I haven’t seen much attention on this yet. i personally believe they will add these to the official bitcoin treasury for the usa. when it’s all said and done, there are going to be trillions of us dollars invested into bitcoin once a certain group comes in - possibly they will use some of these coins as part of that investment.

but what do you think? is it possible that this is trump’s way of showing joe biden who the president is ❤️❤️❤️❤️

the seizure itself was not an outrageous event, but i think people need to realize if you hold any cryptocurrency- then you have accepted financial risk against your government deciding weather or not deemed worthy or legal enough for their citizens to use provided through hurricanes , bitcoin seized off individuals wallets etc…something like 87% was recovered out of 1 billion by irs agents so if those bitcoins were monitored due from outside wallet addresses using tracking software (obviously makes sense- irs agents don’t have a time machine or ability watch every transaction), then anyone storing crypto should definitely assume we are all being watched because they can easily look up names , birthdays, address , ssn / fincen with enough knowledge and no one would notice at all…


The US sec seizes 127k Bitcoin. but why....

美國證券交易委員會查獲 12.7 萬 Bitcoin。但為什麼......

<div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="1cabe64c-b53e-45ce-9b5e-c892dc0f9dd9"><div class="bn-block" data-node-type="blockContainer" data-id="1cabe64c-b53e-45ce-9b5e-c892dc0f9dd9"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"> Transparency and efficiency.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="66f65ca7-97ec-4e47-80b8-0e8d46b3ebec"><div class="bn-block" data-node-type="blockContainer" data-id="66f65ca7-97ec-4e47-80b8-0e8d46b3ebec"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"></p></div></div></div></div>

The Role of Blockchain in Supply Chain

區塊鏈在供應鏈中的作用

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