BloodInStreets

Recently, a fascinating phenomenon has emerged in the crypto market. While everyone is following the trend of perpetual contracts on Hyperliquid for trading oil products, the market-making giant Wintermute has taken a different path.
On Tuesday, Wintermute Asia's derivatives division launched an over-the-counter trading service for WTI crude oil spread contracts. This move may seem low-key, but it reflects a deeper market demand behind it. You see, the advantage of this type of spread contract platform lies in its flexibility — traders can use fiat or cryptocurrencies as collateral, and trade

I just saw that Tally is shutting down, and their CEO's farewell speech is quite interesting. He mentioned that the Biden administration and Gensler aren't actually as opposed to crypto as people think, and in fact, they are somewhat friendly. This perspective is a bit surprising, since everyone usually criticizes the regulators and mentions these two often.
Tally is a platform for DAO governance, so it's a bit unfortunate that they're closing. However, the CEO's statement makes me wonder: have their views on the overall policy environment changed? What exactly is Biden's stance? It seems that

Bitcoin is currently fluctuating around $73k. I’ve noticed that recent open interest has been steadily increasing, indicating that leverage traders in the market are growing. In this kind of sideways market, it seems everyone is adding leverage to bet on movement, and the risk is indeed accumulating.
From on-chain data, the growth rate of leveraged positions is quite noticeable, especially during this consolidation phase. Once the direction is confirmed, these leveraged orders could trigger a chain reaction. So at this point, it’s important to watch out for the risk of leverage liquidations.

Recently, I saw many people discussing privacy issues in the community, which reminded me of a frequently mentioned topic in the crypto world—mixers. Honestly, this concept is still a bit unfamiliar to many, but understanding it is important.
Let's start with a basic fact. Although blockchain claims to be decentralized, it is actually transparent, and all transactions are recorded on the ledger. Your wallet address may look like a string of random characters, but once it is linked to your real identity, your entire transaction history can be traced—what coins you bought, how much you transferr

Recently, I've seen many discussions about trader Mark Minervini, and it made me realize that my understanding of this master is still superficial. This guy's track record is truly incredible—155% and 334.8% in the U.S. Trading Championship, and even in his worst year, he still made 128%. Throughout his trading career, he's almost never lost money. It's said that he only lost in one quarter, and it was less than 1% of his capital.
What's most impressive is that Mark Minervini never hides his methods. He has stuck to the same trading system for many years, and in 2021, he even participated in a

Recently, many beginners have been asking me for Bitcoin wallet recommendations, so I decided to share my observations today.
Honestly, there is no absolute standard for choosing a wallet; it entirely depends on your use case. The main types I’ve encountered are exchange wallets, Web3 self-custody wallets, and cold wallets.
If you trade frequently, an exchange wallet is indeed the most convenient. You can trade directly on the platform without transferring funds, which is fast and low-cost. The downside is that your assets are held on the exchange, so you need to trust the platform’s security

Recently, I remembered Justin Sun again. In the stories of the crypto world, his experiences are truly the most surreal.
This guy was born in 1990, from Qinghai. In his early years, he didn’t stand out much academically. But in 2007, he was admitted to Peking University through some kind of manipulation, even though he was still at a third-tier level at the time. This caused quite a bit of discussion in the education circle, with some saying he exploited loopholes in the system. Anyway, he later received the Lee Teng-Hui Scholarship and went to the U.S. in 2011.
What truly changed Justin Sun’s

I recently came across an interesting news story. In early March, New York State proposed a bill that aims to ban AI from answering questions in professional fields such as medicine, law, dentistry, nursing, psychology, and engineering. On the surface, it seems to be about protecting public safety, but a closer look at the underlying logic reveals some intriguing motives.
Doctors, lawyers, engineers—these high-paying industries are actually well aware of what AI can do. Rather than protecting users, it seems more like they’re protecting their own businesses. Because if ordinary people can quic

Recently, many beginners still have some doubts about contract trading. Actually, it's not as complicated as it seems. In simple terms, contract trading allows you to both go long and go short, operating in both directions. This is also why this trading method is becoming increasingly popular in digital currency investment.
Let me use a very easy-to-understand example to explain. Suppose you buy an apple from me for five dollars, paying upfront and receiving the product—that's spot trading. But what if I run out of apples today? We can sign an agreement where you pay a deposit of one dollar fi

Recently, I’ve come across more discussions about Wu Jihan again, and it suddenly reminded me of the story of this former blockchain celebrity. From a dual-degree top graduate at Peking University to an entrepreneur with a fortune of over 100 million, and now a controversial figure—this trajectory is truly worth sitting down and talking about properly.
When it comes to Wu Jihan’s beginnings, we have to start with his first contact with Bitcoin in 2011. At that time, he was working in venture capital. Relying on his professional analytical ability, he invested 100,000 yuan at once to buy 900 BT

Recently, I’ve been reviewing Google's financial report data and found a few interesting points.
First, let's talk about the advertising business, which has always been Google's cash cow. Search advertising revenue is expected to reach $61.9 billion, and YouTube advertising $12 billion. Together, these two segments have grown about 15% year-over-year. You might ask, what is YoY? It’s short for year-over-year, simply the growth rate compared to the same period last year. This growth rate is quite good in the current digital advertising market, especially as AI tools like Gemini 3.0 begin integr

Looking back at the market movement on January 23, Bitcoin was really constrained by the $1.8 billion options expiry. It was almost breaking above $90k, but then suddenly plunged to $88,800. After a rebound to $89,500, it was hammered back down again. The whole process felt like an invisible hand was holding it down.
According to data, ETF net outflows continued for the fourth consecutive day, with withdrawals totaling $32 million. Coupled with the turbulence in Japanese bonds, global risk assets were all fleeing, putting enormous pressure on spot prices. But the most critical factor was the $

Recently, I came across an interesting development in U.S. policy regarding how the Defense Production Act (DPA) is applied in practice. In short, the U.S. Department of Justice's Office of Legal Counsel recently issued a memo stating that the President can issue orders under the Defense Production Act to bypass certain California laws, allowing Sable Offshore, an oil company, to restart operations at the Santa Ynez oil field and pipelines.
So, what is the DPA? Simply put, it is the authority granted to the U.S. President to prioritize resources during national defense needs. The memo outlines

I've been closely monitoring the USD/PHP exchange rate lately, and I find that this rate has a significant impact on doing business in the Philippines. The escalation of tensions in the Middle East has driven up oil prices, and as global risk aversion increases, the US dollar, as a safe-haven asset, naturally rises. The peso has been under continuous pressure during this volatility.
Looking at the data, the peso's recent performance has indeed been less than ideal. It was previously above 57, but now has slipped to around 59. This depreciation has been quite noticeable over the past month. Tra