LayerZeroHero

Recently, I saw data shared by FactSet on X, indicating that the current P/E ratio of the S&P 500 has reached 26.3, which is indeed a bit eye-catching. Comparing it to historical levels, the five-year average is only 24.8, and the ten-year average is 23.2, clearly higher. This means that buying S&P 500 stocks now requires paying a significant premium. A higher P/E ratio usually indicates a more expensive valuation, and this level has already exceeded the normal historical range. For investors looking to assess market conditions, this P/E signal is worth paying close attention to, and they may

Recently, some interesting signals have appeared in the Bitcoin futures market. The funding rate for perpetual contracts has dropped to -6%, the lowest in three months, indicating that the market is particularly aggressive with shorts, and everyone is betting on the price continuing to fall. At the same time, the open interest in coin-margined contracts has increased from 668,000 BTC to 687,000 BTC, showing that participation is actually rising, not just a matter of sentiment.
Historically, Bitcoin once fell to around $63,000, but now it has rebounded to $74,000. This shift from extreme pessim

Recently, I came across a pretty interesting story about a mysterious Hong Kong investor holding a $436 million position in BlackRock's iShares Bitcoin Trust (IBIT) through a shell company, Laurore Ltd.
At first, social media absolutely blew up. A company named Laurore filed for this massive position for the first time, with the address and phone number pointing to Hong Kong, which immediately drew attention from the crypto community. Even more interestingly, the director named in the SEC filing is Zhang Hui—an otherwise very common name in Hong Kong. CoinDesk checked the Hong Kong Companies R

Recently, I’ve been testing overseas account registration again and realized that the SMS verification platforms can really save a lot of trouble. Instead of buying new SIM cards each time, using virtual numbers is faster. I’ve also encountered many pitfalls before—some SMS platforms simply don’t receive messages, some have ridiculous delays—but I’ve found a few that work pretty well.
SMS-Activate and 5SIM are the two I find most user-friendly. Verification codes usually arrive within 10 seconds, and they cover many countries, making them especially suitable for cross-border testing. For domes

Recently, a friend asked me what KYC means, so I decided to expand on this topic because many people don't have a clear understanding of it.
Simply put, KYC stands for "Know Your Customer," and almost all legitimate crypto exchanges require you to complete this process. Its core purpose is straightforward: the exchange needs to verify that you are a real person and ensure you're not using the exchange for illegal activities like money laundering, terrorist financing, or scams.
You might ask, what’s in it for me? Actually, there are quite a few benefits. First, KYC helps protect you from scams.

Another country has started to restrict Polymarket, this time it's Argentina. It seems that prediction markets are gaining increasing attention worldwide, and governments are beginning to take notice. Several countries have already implemented similar measures, and now Argentina has joined the list. However, to be honest, how effective these restrictions will be remains uncertain, as completely blocking on-chain activities is not easy. I'm a bit curious whether more countries will follow suit in the future.

I recently came across a story about Guo Wanying, and it’s truly worth a good discussion. The daughter of Guo Biao, the founder of Yong'an Department Store, she was born in Australia in 1909 and passed away in Shanghai in 1998. Her life reads like a condensed legend of the Republican era.
What left the deepest impression on me was that particular moment—1949. Guo Wanying’s family chose to flee to the United States, but she made a decision that seemed crazy at the time: she stayed behind. Keep in mind, by then she was a noble young lady educated in Western ways, having studied psychology at Yen

Recently, I needed to register on overseas websites and discovered that SMS verification platforms are truly amazing. No need to buy new SIM cards; just use virtual numbers to receive verification codes, which is much more convenient. I’ve tried several before—some took half a day to receive messages, others had huge delays—but I finally figured out the best approach.
SMS-Activate and 5SIM provide the most stable experience; verification codes usually arrive within 10 seconds, and they cover many countries. If you're mainly testing domestic applications, Super Cloud SMS and Little Bird Verific

Recently, I’ve seen many people still keep their coins on exchanges. Actually, that’s quite risky. I want to discuss a particularly important topic—how to truly protect your crypto assets.
To be honest, if you want to completely avoid hackers, viruses, and even exchange risks, a cold wallet is the one thing you can’t get around. This isn’t optional—it’s a requirement. The core logic of a cold wallet is very simple: it keeps your private key completely offline, like a cryptographic safe box where only you have the key. Without a network connection, even the most skilled hackers can’t launch rem

Recently, many beginners have been asking me about Bitcoin futures, and I think it's necessary to have a good discussion on this topic. Many people initially don't understand the difference between futures and spot trading; the core difference is that you are investing in the price trend itself, not actually holding the asset.
Bitcoin futures allow you to profit in both directions, regardless of whether the market goes up or down. Going long is straightforward—you buy a contract betting the price will rise; going short is the opposite—you sell a contract expecting the price to fall. This flexi

Recently, I’ve spent a lot of time studying Vitalik Buterin’s story. The more I read, the more I realize that this guy’s experience truly overturns my understanding of genius.
When you mention V神, everyone in the crypto world has definitely heard of him. But do you really understand how this skinny Russian teenager gradually made his way to where he is today? Started using computers at age 4, wrote the Ethereum white paper at 19, built a trillion-dollar ecosystem by 24, and has donated over $1 billion. Now at 31, he’s called “stubborn” and “idealistic,” some call him “V神,” others scorn him as

Recently, while exploring DeFi products, I noticed that many people are confused about the concepts of APY and APR. Actually, I was initially confused myself. Today, I want to share my understanding in hopes of helping everyone.
Simply put, what is APY? It’s the annual percentage yield, which takes into account the effect of compounding. APR is the annual interest rate, excluding compounding. These two may seem similar, but in reality, the difference is quite significant.
Let’s start with APR, which is relatively straightforward. Suppose you deposit $10k on a platform with an annual interest r

I've been a bit annoyed lately with virtual numbers. Registering for overseas websites and testing APIs all require phone numbers, but I don't want to expose my real number. I later discovered SMS verification platforms, which are really convenient. Basically, you rent a virtual number to receive SMS verification codes, supporting various countries and regions, with pay-per-use or monthly plans.
I've encountered many pitfalls before—some platforms can't receive verification codes at all, others are painfully slow. In the end, I summarized five decent SMS verification platforms that I personall

The signals from the stock market and futures over the past few days have been somewhat pessimistic, and it looks like there may be downward pressure on the stock market before the weekend. I’ve come across many analyses saying that after this week's turbulence, everyone's mindset has become more cautious, and market sentiment is noticeably weaker.
Thinking carefully, the current economic data and international situation are indeed a bit complicated, and these factors are all influencing investors' decisions. It feels like the risk of a stock market decline in the coming period needs to be pai

I recently observed a phenomenon in the crypto world: many newcomers are trying a method called "撸毛" (literally "farming毛" or "毛 farming"). To be honest, at first, the name was a bit confusing, but after understanding it more deeply, I realized it’s essentially about participating in various activities and benefit mechanisms offered by project teams to acquire cryptocurrencies at minimal or zero cost. For newcomers, "撸毛" is often the first step into the blockchain ecosystem.
Why do project teams give out tokens voluntarily? Basically, it’s to attract users, generate buzz, and build traffic. Th

I've been thinking about this recently: how to build a relatively balanced cryptocurrency investment portfolio. There’s no absolute answer, but some ideas are definitely worth considering.
I’ve noticed that many people tend to go to extremes when allocating crypto assets—either putting everything into major coins or betting entirely on small-cap tokens. In fact, the best crypto portfolio allocation should be a hybrid strategy, allowing you to enjoy the gains from market uptrends while managing risk.
From my observations, Bitcoin and Ethereum are still the foundation; these two are the bedrock

Recently, I came across a pretty interesting phenomenon—Litecoin, Solana, and XRP are all submitting ETF applications. A lot of people ask me what an ETF is. In fact, that’s a great question, because once you understand what an ETF is, you can make sense of the logic behind this round of moves.
First, let’s talk about what an ETF is. Simply put, an ETF (Exchange-Traded Fund) is an exchange-traded fund that is listed and traded on a securities exchange. It combines the diversification of a fund with the flexibility of stocks. You can buy and sell it anytime during trading hours, just like stock

Recently, I needed to register a bunch of overseas accounts, and dealing with various SMS verification codes was a headache. Later, I found out about the SMS receiving platform, which saved me a lot of trouble. Basically, it’s using virtual numbers to receive SMS—no need to buy a new SIM card—and it also protects your privacy.
I’ve tested a few Chinese-number SMS receiving platforms myself, and I ran into plenty of pitfalls. Some simply couldn’t receive the verification code, others had a delay of half a day. In the end, I found a few that were pretty good—SMS-Activate is the fastest, and the

Recently, I noticed an interesting development with the XRP spot ETF. On March 5th, the US XRP spot ETF experienced a outflow of $6.15 million, marking the first single-day net outflow since mid-February. Although there had been some small withdrawals before (around $2.22 million), this outflow was significantly larger.
This signal is actually worth paying attention to. After several weeks of steady net inflows, such a sudden shift more or less reflects a subtle change in investor sentiment. While the amount isn't large compared to Bitcoin ETF inflows, for XRP ETF investments, transitioning fr

Recently, I watched videos of the Zhanjiang Mazu worship rituals, and many people are asking: why do they keep tossing that crescent-shaped object repeatedly? Actually, this is called casting the Holy Cup, or casting the Jiao, which is essentially an ancient way for people to communicate with the gods.
This thing looks simple, but there are many nuances behind it. A pair of Jiao cups, one flat side and one convex side—how they land indicates different meanings. If both cups land with the flat side up, that’s the Holy Cup, meaning the gods agree, approve, and the matter can proceed. If both lan