BearMarketMonk

I came across an interesting news story: a certain South Korean cryptocurrency exchange has postponed its IPO plan again, changing the original 2025 target to after 2028. The reason behind this is a bit ridiculous—last year, their system malfunctioned and mistakenly credited users' accounts with 2,000 BTC instead of 2,000 Korean won. Although most of the funds weren't actually transferred out in the end, such a basic error is really damaging for an exchange that aims to go public.
What’s even more heartbreaking is that this exchange was fined over $24 million for anti-money laundering issues a

I just came across a case. The largest money laundering case in history uncovered in Singapore involved 16 billion RMB. Wang Shuiming from Anxi, Fujian, is one of the main figures. This guy has hidden a lot of assets overseas, including cryptocurrencies in Hong Kong accounts, and his domestic factories and apartments are worth tens of millions. Wang Shuiming was recently arrested in Montenegro and is to be extradited back to China. Even more outrageous is his partner, Su Weiyi, who once ran a Hong Kong crypto platform and absconded in 2022 with over 16 million HKD. These people use shell compa

I just recently discovered that there are so many platforms that can provide virtual numbers to receive SMS messages, which really saves a lot of trouble. Before, when registering for overseas websites or testing verification code interfaces, I kept getting annoyed by all kinds of complicated processes. Later, I found out that there are such things as code receiving platforms.
Honestly, the need to receive SMS messages with a virtual number seems niche, but everyone who has used it understands how convenient it is. No need to apply for an extra SIM card, no worries about privacy leaks, and you

I just noticed a pretty interesting market phenomenon. The company Bitmine's Ethereum holdings have reached 4.8 million coins, which, based on the latest market prices, is worth about $10.7 billion, accounting for 3.98% of the total circulating supply. They are still pushing toward a 5% target.
Even more interesting is that this company's stock recently moved from NYSE American to the main board of the New York Stock Exchange, starting trading on NYSE from April 9. It has now become one of the most actively traded stocks in the U.S., with an average daily trading volume approaching $1 billion,

The judge in Nevada still maintained the ban on Kalshi's sports market, it seems this isn't over yet. I've heard before that this platform wanted to try some new approaches in sports betting, but the court shut it down. Now that the judge continues to uphold the ban, it looks like Nevada remains quite cautious about this type of market. I don't know how Kalshi will respond next—whether they'll appeal again or try a different approach. The regulatory issues surrounding prediction markets are indeed quite complex, and rules vary across different states. This Nevada decision somewhat reflects the

Many people ask me about Bitcoin contract trading. My previous explanation might have been too verbose, so today I’ll go over it again to make it clearer.
First, it’s important to understand that contract trading is essentially an agreement. You and your trading counterpart agree to buy or sell an asset at a certain price at a future date. This concept actually comes from traditional finance, such as oil futures — the buyer agrees to purchase oil at $80 per barrel in the future, and the seller commits to supplying it at that price. In the crypto market, the underlying assets are digital assets

Recently, I’ve been experimenting with account verification, and I’ve found that virtual phone numbers are really useful. Previously, to test interfaces and register on overseas websites, buying new SIM cards was too troublesome, and using my own number risked privacy leaks. That’s when I discovered SMS verification platforms. Basically, you rent a virtual phone number to receive SMS verification codes—convenient and secure.
However, I’ve also encountered some pitfalls. Some platforms take half a day to receive messages, and others have ridiculous delays. After some trial and error, I’ve summa

I saw an interesting trader operation. This trader named 0xea66 has been fully bullish since the beginning of the year. Currently, all 12 positions in the account are in profit, with unrealized gains reaching $2.85 million. Traders who can maintain full long positions and still be profitable are quite rare, indicating that this guy has good coin selection judgment and risk control. I think this kind of trader case is worth paying attention to—not to follow blindly, but to see how they manage to seize the rhythm in such a volatile market. Although these on-chain data can't directly tell us what

I’ve been closely following Brazil’s crypto regulatory developments lately and noticed they’re really taking big actions in the stablecoin space.
In short, a revision to the Virtual Asset Law was approved last December by a committee under the Brazilian House of Representatives. The core of it is to set up a series of new rules specifically for the issuance of stablecoins. Although it hasn’t been formally passed yet, the signals are clear—Brazilian authorities are shifting their attitude toward stablecoins from lenient to cautious.
Why does Brazil put so much emphasis on stablecoins? The data

Recently, I've seen many newcomers in the community asking how to get started with mining, so I think it's necessary to discuss this topic. To be honest, Bitcoin mining does have a high barrier to entry, but the good news is that there are now various mining software options that allow ordinary people to participate.
Let me first explain the basic logic of mining. Bitcoin mining is essentially miners verifying network transactions by solving complex mathematical problems. The first miner to find the correct answer earns Bitcoin rewards. This process continues until all 21 million BTC are in ci

I've been thinking about the future trends of cryptocurrencies lately. The development over the past few years has truly brought about a different kind of financial transformation.
From a technological perspective, this space is undergoing several key evolutions. Lightning Network and layer 2 solutions like Polygon are addressing transaction speed and cost issues, which are crucial for large-scale adoption. Meanwhile, cross-chain protocols such as Polkadot and Cosmos are enabling better interoperability among different blockchains, enhancing the interconnectedness of ecosystems. Privacy protec

Recently, I’ve seen many people in the community asking how to use cross-chain bridges safely and cost-effectively. So I’ve organized my understanding here.
Speaking of cross-chain bridges, they are essentially tools that allow your assets to move between different blockchains. The principle is simple: lock your assets into a smart contract on your source chain (like Ethereum), then generate an equivalent amount of tokens on the target chain. When you want to transfer back, the tokens on the target chain are burned, and the assets on the source chain are released. Although this mechanism looks

Recently, there has been renewed discussion about Satoshi Nakamoto's identity and wealth. This topic has truly never gone out of style. The Bitcoin creator still holds about 1.1 million BTC, which, at current prices, amounts to roughly $76 billion. Even though this figure has declined from its peak, it remains one of the world's top invisible fortunes.
Interestingly, many people do not realize that the name "Satoshi Nakamoto" itself contains hidden meaning. "Satoshi" corresponds to the kanji "聡" in Japanese, meaning wisdom or intelligence, while "Nakamoto" — with "中" meaning core and "本" meani

When it comes to the big names in the crypto world, some stories are definitely worth revisiting. Today, I want to talk about the experience of a founder of a major exchange. This person's life trajectory is quite interesting—from multiple startup failures to overnight wealth, and now to controversy and reflection.
This founder was born in 1985 in Huai'an, Jiangsu. His early entrepreneurial journey was not smooth. He once teamed up with friends to run a group-buying website, which ended in failure and left him in debt. Later, he worked at Yahoo, and in 2007, he co-founded a document sharing pl

Recently, because I needed to test some APIs and register overseas accounts, I started researching SMS verification platforms. To be honest, I’ve encountered quite a few pitfalls before—some platforms simply don’t receive messages, and others have delays of half a day. Over time, I figured out that choosing the right tool can save a lot of trouble.
Basically, SMS verification platforms provide virtual phone number services that you can use to receive various verification codes. You don’t need to buy new SIM cards or expose your real number, making them especially suitable for testing or creati

I just found out my account was mysteriously banned, it's really ridiculous. I only have one account, and in September, a friend convinced me to join, saying there was a big opportunity. From knowing nothing to manually trading every day, but I kept getting squeezed out. I lost quite a bit on futures, and my spot holdings are also trapped. During the National Day holiday, I even got exploited a bit, and the amateur trader lost even more. Just when I was starting to recover, the account was gone. My family already didn't believe in this stuff, and now I can't even explain it. Honestly, it feels

I just saw a large ETH exchange activity on the blockchain. Recently, World Liberty Finance sold 93.77 WBTC to acquire 2,868.4 ETH, with the exchange rate at approximately $2,813 per ETH. Such large-scale USDT to ETH swaps are quite common on the chain and usually indicate institutions adjusting their asset allocations. Interestingly, this transaction is quite sizable, valued at over $8 million, showing that big players are indeed interested in ETH. I think these on-chain transfer data are worth paying attention to, as they can reveal some movements of major institutions.

I just saw that some smart money on the chain is up to something again. This time, they directly opened 20x leverage to short ETH and SOL, with a quite large position. Based on the latest prices, they shorted approximately $45 million worth of ETH and over $18 million worth of SOL.
Interestingly, this address has previously made a lot of money from shorting, with total profits approaching $18.8 million before this move. Now they are adding to their short positions, seemingly betting that these two tokens will pull back soon.
The movements of this kind of smart money are definitely worth paying

Things are moving pretty quickly here in Singapore. WeRide and Grab officially launched their autonomous taxi service Ai.R in the Punggol area a couple of days ago, and I heard it is Singapore’s first publicly operated autonomous driving service. Now community members can experience it directly, and it feels like autonomous driving has gone from concept to something practically usable. City-states like Singapore are really suitable for pilot programs like this—regulations are clear, and road conditions are good. I wonder when similar public services will be available domestically. Has anyone t