2025lovepeace

We do not frequently discuss "freedom" because it is easy to boast about but difficult to achieve. In practice, freedom manifests as: • Systems that operate stably under extreme pressure; • Assets that can be verified rather than merely promised; • Markets that actively eliminate abuse rather than tolerate it; • Providing truly usable self-custody solutions for real users; • An open network connected to the global financial system rather than isolated.

Who is the most popular person in the United States right now? The answer might not be the well-known Trump or Musk, but a man named Nick Shirley. Who is Nick Shirley? He is an independent investigative journalist stirring up social sentiment in the US. On December 27, Nick Shirley posted several investigative videos on social media platforms like X, Instagram, and YouTube, accusing Minnesota of rampant fraud and corruption. In the videos, Nick Shirley visited a daycare in the state, which was operational at the time but did not open its doors. The publicly listed 99 registered students were nowhere to be seen. Nick Shirley asked a local resident who has lived in the area for 8 years, and the interviewee said, “I’ve been living here since 2017, but I’ve never seen any children.” In the video, Nick Shirley said, “This is one of hundreds of ‘daycares’ receiving millions of dollars from the government. This daycare, which even misspells ‘learning’ as ‘learing,’ received $1.9 million in tax-exempt funding… And this is just one case among thousands of businesses in Minnesota suspected of fraud… Minnesota Governor Tim Walz is aware of these fraudulent activities but has never reported them.”

Bitcoin Optech's annual summary has always been regarded as a technical barometer of the Bitcoin ecosystem. It does not focus on price fluctuations but records the most authentic pulse of Bitcoin protocol and key infrastructure. The 2025 report reveals a clear trend: Bitcoin is undergoing a paradigm shift from "passive defense" to "proactive evolution." Over the past year, the community has moved beyond merely patching vulnerabilities to systematically addressing existential threats (such as quantum computing), and has aggressively explored the boundaries of scalability and programmability without sacrificing decentralization. This report is not only a developer's memo but also a key index for understanding the asset properties, network security, and governance logic of Bitcoin over the next five to ten years.
The core conclusions of 2025 show that Bitcoin's technological evolution exhibits three main characteristics, which are also the key to understanding the following 10 major events:
- Defensive Prioritization: The defense roadmap against quantum threats has become clear and practically actionable for the first time, extending security thinking from "the present" to the "post-quantum era."
- Functional Layering: The high-density discussion of soft fork proposals and the "hot-swappable" evolution of the Lightning Network demonstrate that Bitcoin is achieving the architectural goal of "bottom-layer stability and top-layer flexibility" through layered protocols.
- Infrastructure Decentralization: From mining protocols (Stratum v2) to node verification (Utreexo/SwiftSync), a large amount of engineering resources have been invested in lowering participation barriers and enhancing resistance to censorship, aiming to counteract centralization in the physical world.

I am not a stock picking expert. I believe in a broad, low-win-rate betting strategy (≤53%), but I am willing to bet everything on one idea: long-term speculation will be the mainstream socio-economic theme for the next century. This also explains why people over 40 would advise you to focus on your job and seek a raise, while people of other ages ignore this advice and pursue any opportunity that could make them rich quickly. The best product sold to these groups is hope. Once you understand this, you can see why various casinos (including decentralized exchanges, prediction markets, etc.) have emerged, and why trading mentors, business celebrities, paid courses, and of course, paid Substack columns are so popular. The beginning of the dilemma is not necessarily a tangible prison. Today, a generation is moving forward with invisible shackles. They know that a certain lifestyle exists: owning a house and a car, living peacefully, and earning returns after thirty years of hard work. They know someone is living such a life, but they cannot imagine how to reach it themselves. It’s not a matter of difficulty; they simply cannot chart a feasible path from their current situation to their ideal life. The traditional path to wealth accumulation has long been closed—not made more difficult, but completely blocked. When the baby boomer generation, holding nearly 50% of the nation’s wealth with only 20% of the population, and the millennial generation, with the same proportion of population but only 10% of the wealth, the inherent flaws of this wealth accumulation mechanism are laid bare. To

Small Capital Account Trading Survival Guide
For those holding only a few hundred dollars in U, this guide is a must-read. Especially for players with less than 1000U in principal, don’t rush to open positions yet.
The crypto world is actually a marathon. The less capital you have, the more conservative your approach should be—like an old hunter: survive first, then think about making money.
Last year, when I helped a friend enter the market, he only had 500U in his account, and his fingers were trembling while clicking the mouse. The first thing I told him was: "Don’t think about doubling your money, learn to avoid liquidation first."
Three months later, his account grew to 18,000U. Throughout the cycle, there were zero liquidations and zero margin calls. This isn’t luck; it’s based on these three strict rules:
**Rule 1: Divide your principal into three parts and always leave yourself a way out**
Spend 150U focusing on short-term trades, only involving $BTC and $ETH, and exit immediately if the fluctuation reaches 3%. Don’t fight the trend; take quick profits and leave. Use another 150U for swing trading, waiting for volume breakout or breakdown signals on the daily chart before entering, holding each position for no more than 5 days. The remaining 200U stays untouched; don’t move it even in extreme market conditions. This is your capital for a comeback.
Those who go all-in and gamble everything can be wiped out by a single needle; those who diversify can withstand two needles and still stand firm.
**Rule 2: Only follow trending markets, don’t play the sideways game**
70% of the market time is spent bottoming out or consolidating. Frequent trading is basically working for the exchange. The real profitable signals are like this: a 15-minute K-line shows continuous volume increase, while the MACD on the daily chart shows a golden cross or death cross. When both signals occur simultaneously...

This is a recently popular coin with arbitrage opportunities, such as \$FOLW , [\$ONT ], \$0G. On average, each trade earns about 50~200U, depending on how quickly you close your position. The more you avoid liquidation, the more you save and the more you earn. Arbitrage preparation: 1. Exchange (preferably choose top-tier exchanges; if other exchanges offer better fees, you can choose those, but to prevent poor trading environments, it is still recommended to choose top-tier exchanges) 2. Capital of 50~300U (the maximum amount varies depending on the project) 3. Good network environment. Profit principle: At fixed times, the counterparty in the trade pays fees to the other side. If the fee is negative, it means the short side pays the long side; otherwise, the long side pays the short side. As long as your earned funds cover your opening costs, arbitrage can be completed (ensuring that even in extreme cases where your position is liquidated, you still have money to earn). Practical steps: 1. Find contracts on the exchange with funding rates greater than ±1.5% (less than that means insufficient arbitrage space or low profit), using the exchange's built-in fee rate query function, sorted via the filter button in the top right corner (e.g., FLOW). 2. Enter the contract trading page, check the maximum leverage, preferably greater than 50x, usually 75x, so that even if you get liquidated, there is still arbitrage space. (If the maximum leverage is exactly 50x, then you can only profit if you can close your position; not recommended.) 3. Condition selection: A. Transfer funds from "Other modules" to "Contract module," and

Introduction: Starting from Capital, Not Stories
This article marks the beginning of a new series of research on global asset allocation and rotation. After a deep dive into this topic, we discovered a surprisingly simple yet crucial fact: it is not the emergence of new narratives that ultimately drives the cryptocurrency bull market. Whether it’s RWA, X402, or any other concept, these themes are often just triggers rather than true drivers. They can attract attention, but they do not generate energy on their own. The real power comes from capital. When liquidity is abundant, even weak arguments can be amplified into market consensus. Conversely, when liquidity dries up, even the strongest arguments struggle to maintain their momentum.
Part One focuses on building the foundation: how to construct a global asset allocation and rotation framework that places cryptocurrencies within the appropriate macro context. The latter half of the framework will be elaborated in subsequent articles.
Step One: Step Out of the Cryptocurrency Realm and Map the Global Asset Landscape
The first step is to deliberately step outside the cryptocurrency market and create a panoramic view of global assets. Traditional classifications—stocks, bonds, commodities—are useful but insufficient for understanding capital rotation across different cycles. Instead, we can categorize assets based on the roles they play at various stages of economic and liquidity cycles. The key is not whether an asset is labeled as “equity” or “commodity,” but what it depends on and what factors it is susceptible to. Some assets benefit from declining real interest rates, some from inflation uncertainty, and others from thorough risk aversion.
Constructing an “Asset Portfolio Map”

The key points of the new plan include: 1. No rollback/reorganization, all legitimate user activities are preserved; 2. No need for partners to replay transactions; 3. Over 99.9% of accounts are unaffected, normal operation resumes after restart; 4. During restart, temporarily restrict accounts receiving illegal minted tokens; additionally, the network will be restored in phases. The first phase involves deploying the Cadence environment, with EVM temporarily limited; the second phase involves Cadence fixes (approximately 24-48 hours); the third phase involves EVM fixes and restart; the fourth phase restores cross-chain bridges/exchanges, with specific recovery times determined by the operators based on actual stability. Last Saturday afternoon, an unexpected hacker attack caused chaos on the Flow network. This Layer 1 network, built by the Dapper Labs team, was designed for next-generation applications, games, and digital assets, but was exploited through an execution layer vulnerability, resulting in the transfer of $3.9 million worth of assets off-chain. After the attack, its token FLOW was temporarily halved, plummeting from $0.173 to $0.079, and has since slightly rebounded to around $0.107. Below the FLOW candlestick chart, Odaily Planet Daily summarizes this Flow theft incident, official responses, and why it has sparked strong doubts from Flow partners and the community. Flow's official emergency response: isolating the network and announcing a rollback plan. After the attack, F

The crypto market of 2025 has officially come to an end. Many thrilling events occurred throughout the year, whether it was the US President issuing a coin or an epic liquidation crash, making 2025 destined to be extraordinary. Looking back, we pick up those absurd and silly moments from this year as Easter eggs at certain milestones, also as a memorial for you and me to have "survived" until the end in this "casino," this amusement park, this experimental field. We hope to see the very last moment, which is the origin of all the silliness this year—more absurd than "hot weather turning cold wallets into hot wallets." On the day of TGE, the founder went missing, claiming to have lost the main chain multi-signature in northern Myanmar. In February, the DIN team issued a statement saying they had been unable to contact the project founder Harold for several hours and were seeking assistance from venture capital firms and media to confirm his whereabouts. Based on Harold's previous statements on social media, he is suspected to be in Myanmar and claimed to have lost the multi-signature wallet and his laptop. Although the founder is temporarily unreachable, the DIN team stated that the $DIN token issuance plan has not been affected. Currently, the TGE has received approval from more than two-thirds of the multi-signature, and it is expected to launch on schedule. Some community members believe this incident has brought unexpected attention to the project, while others question the scenario of "founder missing, wallet lost, but the project still launching normally," suspecting possible deliberate hype. zk­Lend hacker mistakenly clicked on a phishing website, leading to a second theft of stolen funds, and the hacker is requesting to collaborate with zk­Lend to追

When the last rays of sunlight in 2025 fall on the block hash of on-chain transactions, the cryptocurrency industry finally bids farewell to its "adolescence" filled with speculation and turbulence. This year, the crypto market capitalization first surpassed $4 trillion, stablecoin annual trading volume rivaled that of traditional financial giants, institutional capital flooded in like a tide, and most importantly, the implementation of regulatory frameworks turned "wild growth" into history—cryptocurrencies are no longer niche toys for geeks but have officially entered the core landscape of the modern economy.
1. Market Transformation: From "Niche Speculation" to "Mainstream Allocation"
The most notable change in the 2025 crypto market is the dual upgrade of "scale" and "structure." The global crypto market cap broke through $4 trillion, backed by the real participation of 40 to 70 million active users and a massive base of 716 million holders—although passive holders still account for the majority, this leaves ample room for industry growth.
Regional differences further highlight market maturity: emerging markets like Argentina and Nigeria, due to currency crises, saw a surge in crypto mobile wallet usage (Argentina's growth was 16 times over three years), making cryptocurrencies a "safe haven" for ordinary people; while developed countries like Australia and South Korea tend to focus more on trading and investment, with token-related network traffic remaining at the forefront. This differentiation proves that cryptocurrencies can meet the needs of different economies rather than being a single speculative tool.
The asset landscape has also achieved a new balance. Bitcoin still maintains its position as "digital gold" with over 50% of the market cap, reaching a record of $126,000 in value this year.

By the end of January 2024, I read three articles by Mike Green on Substack: these are three very lengthy articles that make you feel like you've been reading forever; combined, they are as long as a small book. I will try to summarize them in Mandarin as follows: the main idea of the articles is: if you think the current economic data is good but your life is still tight, earning $100,000 a year is still considered poor, then it's not your fault—it's because the measure of wealth and poverty is based on Doraemon's self-deceiving ruler. The articles have three main points:
1. "Poverty Line" is actually a flawed measure
The US official poverty line is an annual income of $31,200( for a family of four); as long as your income exceeds $30,000, you're not considered poor. But this ruler was created in 1963. The logic back then was simple: a family spends about one-third of their income on food, so by calculating the minimum food cost and multiplying by three, you get the poverty line. But now, the situation is very different. Most people have seen that famous chart—the "Baumol's Cost Disease"(: food is getting cheaper, but the costs of housing, healthcare, and childcare are skyrocketing. If you calculate based on the 1963 standard of living—that is, being able to participate normally in society), having a house, a car, someone to take care of the kids, and access to healthcare(—the real current poverty line is not just over $30,000, but $140,000), roughly 1 million RMB(, which is just enough to live decently in this society.
2. The more you work hard, the poorer you become
America's welfare

Microcosm of Liquidity Shock from March 14 to 15, 2025, Starknet (STRK), Sei (SEI), and Connex (CONX) three projects successively triggered token unlock mechanisms, releasing a total of over $80 million in circulation. Among them, Connex's unlock volume reached 376.3% of the existing circulating supply, a figure far exceeding the typical project unlock ratio, raising market concerns about short-term supply and demand imbalance.
The narrative of differentiated unlocking logic can be observed from specific projects: Starknet's release of 64 million STRK (approximately $14 million) follows a linear release plan for the team and investors, with tokenomics designed to buffer short-term selling pressure through phased releases; Sei's release of 220 million SEI (about $60.5 million) mainly flows to early private investors, who typically have stronger profit-taking motivations; meanwhile, Connex's unlock of up to 376.3% of the circulating supply exposes flaws in the initial distribution mechanism — newly released tokens may form a "liquidity dam" in the short term.
Market reactions validate this difference: the price volatility of STRK within 24 hours after unlocking was only 5.2%, significantly lower than Sei's 11.7% and Connex's 38.4%. This demonstrates that mature projects' token release mechanisms can mitigate shocks through market expectation management, whereas projects with rapid circulation expansion face