Elon Musk's wealth has reached $429 billion, growing rapidly due to surging Tesla stock prices and investments in AI and space. His wealth accumulation highlights a stark contrast between his earnings and the average person's, demonstrating how wealth can increase without production.

The essay explores the reasons why some currencies are valued higher than others, focusing on the world's strongest currencies, primarily linked to oil-rich economies or robust economic power. It highlights the relationship between a currency's value and a country's economic strength, emphasizing that a high exchange rate doesn't necessarily mean a higher cost of living.

Have you heard of Core? This L1 public chain just launched in January 2023 and is currently being discussed quite a lot in the community. In simple terms, Core is an EVM-compatible chain, but its consensus mechanism has introduced some new innovations.
Core Mechanism: Satoshi Plus
The most interesting aspect of Core is its consensus mechanism called "Satoshi Plus"—the name itself is a clear tribute to Bitcoin. It combines Bitcoin's PoW mining with Ethereum's DPoS delegated proof of stake. What does this mean? It retains Bitcoin's robust security and high level of decentralization in its mining method while also drawing on the efficiency of Ethereum's DPoS. Theoretically, this design can simultaneously address the "three difficult problems" of blockchain (security, decentralization, scalability).
Ecological Incentive Model
Core uses its own CORE token to maintain the entire network. Developers build on Core.

Trump has announced J.D. Vance as his vice-presidential candidate for the 2024 election. Vance, who has changed his position towards Trump, represents a new generation of Republicans, focusing on the working class and expanding the electoral base.

UBS views the current decline in gold prices as temporary, predicting a rise to $4,200 per ounce, with potential spikes to $4,700 amid geopolitical risks or market shocks. They cite strong demand and technical selling as the drivers, indicating it's a buying opportunity.

The essay explores the contrast between typical investors who panic during market downturns and those who, like the protagonist, maintain belief in a project's potential despite significant losses. It emphasizes that successful investing is rooted in conviction rather than luck.

The article discusses the blind behavior of aggressive long positions in the market, pointing out that they often try to buy the dip during a fall but suffer losses. The author chooses to cautiously observe the market to avoid danger while reflecting on past trading experiences, believing that the current long positions situation is concerning. Statistics show that the performance of Bitcoin, Ethereum, and BNB has been mediocre, and the author recommends maintaining patience and watching.

Stablecoins, pegged to real assets like fiat currencies or gold, provide stability in the volatile crypto market. They are useful for traders, countries with inflation, and as a safer storage option. However, transparency and underlying asset verification are crucial before investment.

The essay discusses liquidity in cryptocurrency trading, explaining its significance through examples of popular and unpopular tokens. It outlines key indicators of liquidity: trading volume, spread, and order book depth, and emphasizes the impact of liquidity on price stability. The conclusion advises traders to opt for liquid assets to mitiGate risks.

Token burning is a strategy to increase scarcity and drive up prices by reducing supply. It helps combat inflation and can rejuvenate struggling projects. However, investors should assess the project's fundamentals alongside burning, as reliance on it can undermine trust and stability.

The Howey Test determines if an asset is considered a security in the U.S., impacting cryptocurrencies heavily. Four criteria must be met: investment of money, common enterprise, expectation of profit, and dependence on others' efforts. This classification affects regulation and market prices significantly.

Minting is the creation of new cryptocurrencies through decentralized mechanisms, unlike traditional money printing. Methods include Proof of Work (PoW), which is energy-intensive, and Proof of Stake (PoS), a more sustainable approach. Minting enhances liquidity, security, and scarcity in cryptocurrencies.

Have you ever wondered if it's possible to earn crypto just by sitting on the internet? Browser mining promises exactly that — profit without expensive equipment. But is it really that simple?
The history of the return of an old idea
Browser mining first appeared in 2011, but truly made a comeback in 2017.

Hamster Kombat has attracted 250 million players in three months, with daily cryptocode releases for prize distribution. Players can earn coins through various methods, including passive income, challenges, and social media engagement, leading up to the launch of the $HMSTR token. The game's legitimacy will be tested once virtual coins convert to real tokens.

Enterprise-level Ethereum vaults have steadily built a position, absorbing nearly $1.8 billion in ETH, while the leverage ratio of traders has surged, increasing market risk, with $3 billion in liquidations already occurring. The future price movement faces enormous uncertainty, and the game between institutions and margin traders has become crucial.

Once, the cryptocurrency empire that swallowed a valuation of $3.2 billion collapsed, and now there is another story behind bars. Caroline Ellison—the captain of Alameda Research and the business and romantic partner of FTX founder Sam Bankman-Fried—has been sent to a federal prison in Connecticut to begin her sentence this week.
Sentencing details breakdown
Alison's penalty list:
- 2 years imprisonment
- $11 billion refund order (illegal profits)
- September ruling, effective November
Interestingly, the Federal Probation Office originally recommended 3 years of probation without imprisonment, but Judge Lewis Kaplan still chose a prison sentence. His reasoning was straightforward: a need to deter future fraudsters.
However, Kaplan did not treat Allison harshly—he highly recognized her comprehensive cooperation with the prosecution, calling it "the most rare positive cooperation" in his career.
FTX greed

Andry Cronje criticized the current meme coin wave on X, believing it lacks innovation and merely consumes the resources of old communities, with retail investors facing high risks. He pointed out the DeFi projects and innovations in the gaming sector that are truly worth following, emphasizing that the future should return to ecological development rather than chasing short-term profits.

Tim Draper has voiced the thoughts of many people this time.
This legendary venture capitalist made a powerful statement on X: Bitcoin is not just money; it concerns national security and financial independence. In the current geopolitical environment, this statement carries significant weight.
His logic is as follows—countries like North Korea are active in the field of online finance, and the U.S. government must use blockchain technology (especially on-chain analysis tools) to counteract this. Arkham Intelligence recently recovered $56 million in cryptocurrency assets in Canada, and Draper viewed this action as proof: blockchain analysis has become a new weapon in national financial defense.
The data flashed briefly:
- Governments worldwide hold approximately 519,000 BTC (3.7% of total supply)
- The United States took 198,000 pieces, and China took 190,000 pieces, with both countries grabbing the majority of the global government-level BTC.
- UK 6.

Hong Kong investment group DL Holdings has partnered with Antalpha to invest 200 million USD, used respectively for purchasing 100 million gold tokens XAUT and building Bitcoin mining infrastructure, aiming for an annual production of 1500 BTC. This move combines gold and Bitcoin, aiming to create a virtual and physical trade center, leveraging the growth potential of the RWA market and adapting to Hong Kong's policy dividends.