Hackers hold 680 million $TRX, which could shake holders' confidence. $TRX has accumulated a large volume of profit-taking positions. If these profit-taking positions exit en masse, Sun will step in with real money to support the price. Why support the price? Because Sun has substantial collateralized UST loans on闺蜜所; if the price drops, he must repay UST, potentially triggering the liquidation of his ETH and DAI earning interest on LIDO and SKY protocols.
This tweet likely influenced Brazil’s election, but Brazilians are still sharing it widely. Even more astonishing, the original post was a Brazilian asking Chinese people to intervene— and Chinese people actually responded to that request. Even more remarkable: I’m from Taiwan, yet I attended Nanjing University of Science and Technology, a “red university.” This post is truly legendary!
a16z's cost basis for $hype was no more than $60, and they may have already sold a portion.
Reminder: ⚠️⚠️⚠️ MicroStrategy's BTC cost basis: $75K–$77K MicroStrategy has indicated it will shift from a simple "buy and hold" strategy to a high-sell, low-buy approach, aiming to profit through trading rather than blindly holding BTC (which generates no yield). If you're going long on BTC, the biggest factor to consider is whether MicroStrategy could become your counterparty!
I was likely the first person online to identify Sun Ge as a top-tier trader in the crypto space, and I was the first to clearly state that Sun Ge primarily profits from trading ETH through bull and bear market cycles. Sun Ge is not a Bitcoin OG. The reason is not due to quantum attack risks on Bitcoin, but because BTC does not generate yield! ETH is the ultimate winner in the layer-1 blockchain war. Other L1 blockchains no longer hold investment value. ETH’s yield-generating nature is what gives it bull and bear market cycles. Sun Ge is the premier player in ETH.
I’ve mentioned Sun’s cuts many times; here are a few key points: 1. Sun is a top-tier trader in the crypto space, profiting by selling high and buying low during Ethereum’s bull and bear cycles. 2. The TRX/BTC exchange rate is counter-cyclical—this has already been thoroughly explained. 3. Sun only buys ETH at true market bottoms; at all other times, he earns interest on U.S. Treasury bonds to cover his USDT borrowing costs. 4. TRX network transfers are very cheap, not expensive—this has also been stated before.
I think it’s morally acceptable for a decentralized, permissionless cross-chain project to flag certain highly suspicious money laundering activities—but implicitly, a significant portion of blockchain’s use cases is money laundering! Tagging money laundering addresses negatively impacts the project’s token valuation @near_intents. Didn’t $ZEC’s price surge rely on its emphasis on anonymity? If the $ZEC team could also flag illegal addresses, would it still be worth $1,600?
