BitWuOldWet

The "buy buy buy" mode has completely exploded, marking the end of an era.
Evergrande Group's first trial opened, and Xu Jiayin pleaded guilty and expressed remorse on eight charges—
Illicitly absorbing public deposits, fundraising fraud, illegal loan issuance, illegal fund use, fraudulent securities issuance, violation of disclosure of material information, embezzlement of duties, and corporate bribery.
I have only one question: what’s the use of sentencing Xu Jiayin to a thousand years?

According to the April survey by Bank of America, the current bullishness on long-term interest rates has significantly outpaced the bearish outlook on the US dollar.
The market is betting that there will be no rate cuts this year, so what should we ______?

It feels like big models are becoming more and more like exam-oriented education when it comes to ranking and scoring, especially when trying to be comprehensive.
The models are clearly getting stronger, but the sense of surprise when using AI is decreasing;
AI models are shifting from clever people who suddenly come up with ideas to highly skilled but increasingly standardized knowledge workers. Do you guys have this feeling?
Based on actual user experience so far, the best at getting work done is still Claude!
Hermes Agent is still in testing...

People are not held back by difficulties, but by ambiguity!
Old Ma’s words here are very interesting—profoundly enlightening.
Recently, I’ve also encountered some things. Because I truly felt they were quite ambiguous, I didn’t deal with them in time. But all of these things occupy memory in my mind, and when I’m doing many other tasks, they will unintentionally pop up and interfere with normal work.
I think a person’s brain is actually like a computer.
If there are a few small tasks that have been left unhandled for a while, they may not seem especially important. But because they keep occupy

The mistakes in life are not due to insufficient effort, but rather "investing in the wrong capital at the wrong stage."
The windows for different types of capital are staggered:
1️⃣ Early stage window: Learning
2️⃣ Whole cycle but the earlier and cheaper: Health
3️⃣ Amplifier in the later stage: Money
4️⃣ Mid-stage explosion: Reputation
Missing a window ≈ Permanent loss. Knowing which level you are at and what to do is very important. Don’t believe in the nonsense that you should hustle when young; true wealth is not gained through effort alone, but through your reputation, health, and cognit

I want to do some statistics—
1. How many KOLs have been liquidated on $RAVE ?
2. What is the current mood?
3. One more MMT, AIA, RIVER, do you still dare to gamble?

🚨Multiple private credit funds on Wall Street are getting dragged into a redemption panic, and the Federal Reserve has already begun requiring U.S. banks to explain their private credit risk exposures—
🔺BlackRock’s $26 billion fund faced about $1.2 billion in redemptions, and ultimately only paid out approximately $620 million.
🔺Blackstone restricted redemptions, and some private credit funds only paid out about 70% of the requested amount.
🔺Cliffwater’s flagship private credit fund recently faced a large volume of redemption requests.
🔺Blue Owl announced again limiting the redemp

🤔 After the ceasefire news spread last week, US stocks, bonds, and oil moved in different directions—
US stocks (red line) outperformed US oil (green line), while US bonds (blue line) underperformed US oil.
To some extent, this trend reflects the “vote” by investors across the three markets on where the US-Iran war is headed:
1) Stocks are closest to liquidity. The market believes the core of US stock pricing is not in the Middle East, but in Washington.
So, the war is just an event—so long as risks remain manageable, asset volatility will eventually be repaired.
2) Oil is closest t

This photo was taken on this day in 1975!
In the picture, long-haired, bohemian-style Steve Jobs and Wozniak are lying on the table studying the prototype of the Apple I.
This circuit board has no casing, no keyboard, and not even a screen, only densely packed hand-soldered components, looking like a pile of junk.

Overthinking is a betrayal; only action yields results.
All ineffective internal conflicts are an irreversible waste of core resources!

Hong Kong Monetary Authority announces:
The Financial Services Commissioner has issued stablecoin issuer licenses to two institutions—Ding Point Financial Technology Limited (a company jointly formed by Standard Chartered Bank (Hong Kong), Hong Kong Telecom, and Anui Group) and HSBC;
Therefore, stablecoins are evolving from on-chain dollar instruments to → bank-grade financial products.
If we redefine stablecoins using modern finance + banking + regulation, what would true competition look like?

Today, the biggest surprise at CITY WALK was discovering that the art museum is exhibiting Jia Wei's "Like Flowers · Mountains and Seas" art exhibition.
The last time I mentioned Jia Wei was during a conversation between him and Tuo Buhua, where I saw a person reborn through suffering, telling us what impermanence is and what freedom after experiencing impermanence means.
So seeing his works, and truly seeing the "like flowers" within his art, my heart was still shaken.
That feeling is like re-watching that conversation, but in a different language.
This time, he used colors, structure