Recently, I watched "A Feast of Gods" and became curious about the ranking of Chinese cuisine. I asked GPT for the most objective answer from a global perspective. GPT said that in terms of diversity and complexity, Chinese cuisine is number one in the world, but in terms of acceptance and dissemination overseas, it is slightly behind Italy. Hong Kong has the second highest number of Michelin stars, after Tokyo and Paris, and many of the Michelin-starred restaurants featured in the show can be walked into directly. Everyone is welcome to come and eat with me!

Yesterday, at the invitation of @ETHPanda_Org, I gave a non-technical Web3 job-seeking presentation to university students. I also reflected and summarized my thoughts, and I believe there are several core competencies that are both fundamental and important for Web3: 1. A strong recognition and passion for Crypto 2. Proactive learning and exploration ability 3. English speaking and business communication skills 4. Using AI tools to improve efficiency 5. Content output and sharing ability 6. A courageous and adventurous personality

Look at VB complaining about a hotel laundry costing $4, then look at the ordinary hotels in the mainland like Qianji and Atour, which have exploded with service offerings. The staff will help handle laundry, dry cleaning, and deliver it to the room for free. Some say Qianji is the Xiaomi of the hotel industry. One detail is that previously I needed to print documents, and I just sent a few hundred pages to the hotel front desk, and they helped me print it for free, with a robot delivering it. In Hong Kong, printing a single page costs 6 yuan 😂.

With the emergence of Ethereum micro-strategies, and the crazy buying by Tom Lee and his Korean compatriots, the Ethereum Foundation's previously criticized selling of coins seems to no longer be an issue. If they wanted to sell all their coins to those few micro-strategies now, it would be easy (they have already sold a portion). I feel that selling off most of it doesn't seem to be a problem, and in the future bear market, there will no longer be any issues with selling coins; they can just focus on planning and development.

Posted in the Di Shen group, bmnr trading volume = coin + mstr + sbet Tom Lee's fellow countrymen in Korea are buying like crazy? So ETH has also become a Korean market?

After chatting with friends, I realized that after compliance, not only does the crypto pie get smaller, but the already small remaining pie will also be taken away piece by piece by lawyers (compliance), accountants (auditing), and the government (fines, taxes). In the end, what's left is getting less and less. It seems that it might be better to just hold onto mainstream coins, manage my finances, and then retire 😂😂😂.

In the age of AI, it benefits newcomers and entrepreneurs, while it disadvantages experienced employees and middle management; executives will still not be replaced by AI. Because of AI, newcomers can quickly learn and get started. Because of AI, entrepreneurs' efficiency increases and costs decrease. Although there is AI, the strategic management, and top-level relationship communication of executives are difficult to replace. The most awkward situation is for experienced employees or middle management with longer work experience. Their jobs can easily be replaced by junior employees using AI. In this era, everyone may need to think about whether their job will be replaced by AI, how to avoid being replaced, and how to use AI to do better.

Several Dilemmas of Token Issuance 1. For a startup product, issuing tokens diverts the team's attention from the product. 2. For a failed product, issuing tokens is a way for the project team to prepare to run away while giving investors an explanation. 3. For a successful product, the product's income still goes into the team's pockets, which has little to do with the tokens. Why is the public chain token currently the most successful model? Essentially, it is because the token aligns with the product's functionality, and the token aligns with the product's revenue. Tokens serve as gas in public chains, which is very important; the daily operation of public chains requires the consumption of gas, i.e., tokens. However, after more than a decade of blockchain development, there is only one replicable token model in public chains (BTC and BNB are not easily replicable), which can lead to a bit of innovation fatigue.

The executive order signed by Trump the day before yesterday broadens the investment scope of the U.S. 401(k) retirement accounts, allowing the inclusion of alternative assets such as cryptocurrencies and private equity funds. Although the headlines are largely positive for cryptocurrencies, these alternative assets also include precious metals like gold and silver, which were previously classified as "collectibles." So, this is actually a big deal for the gold industry as well. However, these high-risk assets will not automatically be included in employer plans. Employers and plan administrators need to conduct a selection process. Therefore, it may take at least a few months before we actually see pension funds entering the crypto or gold markets, and the pace of entry may start off quite slow. This is because investment administrators have a "duty of prudence" in reviewing the assets, and if they incur losses for the pension funds, they may face litigation risks. Thus, it is expected that, apart from companies targeting young IT professionals, most companies will take a considerable amount of time to open up to alternative assets. Additionally, the 401(k) plan consists of both employer contributions and employee contributions. The latter has always been able to freely purchase cryptocurrencies and gold ETFs, so this portion of funds has already entered the market. However, over 90% of contributions come from the former, and the strategies available here are generally quite limited. Administrators need to actively add options, as they bear the responsibility for users' retirement, and they will certainly be very cautious with assets that have high volatility.

It feels like it's hard for new players to emerge in offshore centralized exchanges. - The leading CEX has high technical barriers, and trading engines have become complex. - The potential user base has been almost completely divided, making it difficult to find new users in the market. - Compliance arbitrage has become difficult; a slight misstep can lead to being blocked from the app market. In this cycle, some capable players are entering CEX, but even they haven't reached the third or fourth tier. However, there are still many opportunities in decentralized exchange startups; Hype, Pumpfun, and Gmgn can be considered successful cases in this cycle. Compliance exchanges are more complicated; besides not being profitable, I tend to think this piece of the pie is more likely to be eaten by traditional financial institutions or traditional internet brokerages.