币毒

The most expensive haircut I've had in recent years, at a shop opened by a Thai celebrity, very much in the Instagram style. (I styled it myself because I couldn't accept the Thai-style haircut she gave me.

The KOLs in Web3 are really fragmented, whatever is trending is what they follow... Not long ago, everyone was using Mac minis to farm lobsters, and now it's all about VPNs. The VPN I bought doesn't work, so why not just set one up using lobsters? There's no barrier to entry. This feeling is really disjointed. Instead of leeching off the traffic from a VPN that might go down, why not write a proper tutorial, find a suitable server operator, and set it up with lobsters? In just a few minutes, you could have your own private airport. Isn't a useful tutorial better than just leeching traffic?

🐍 Ado Crypto Daily | 2026.04.28 📊 Market Overview BTC: $76,728 (-3.10%) ETH: $2,283 (-4.55%) SOL: $84.06 (-4.28%) BNB: $624.22 (-2.25%) XRP: $1.39 (-3.53%) DOGE: $0.0992 (-1.32%) TRX: $0.324 (+0.29%) Total Crypto Market Cap: Approximately $2.648 trillion 24h Market Cap Change: -2.67% 24h Trading Volume Change: +30.90% BTC Market Share: 58.09% Conclusion in One Sentence: Yesterday's surge couldn't hold, and today we see a pullback. After BTC's failed attempt to reach 80k, the market has re-entered a cooling and profit-taking phase. ━━━━━━━━━━━━━ 🔥 Today's Highlights 1) BTC's failed attempt to hit 80k, short-term weakness • BTC has pulled back to around 76.7k • ETH/SOL have dropped more than BTC • Trading volume has actually increased by 30.9% Interpretation: This isn't a slow decline; it's active profit-taking. Major coins are still holding up, but altcoins are weaker. 2) Signs of fatigue are appearing in the rally • Coindesk states that BTC's rally shows signs of fatigue • Key indicators are weakening • The market is concerned that the recent rise was driven more by sentiment and short squeezes Interpretation: In the short term, there is indeed significant selling pressure around 80k, and after a failed breakout, a pullback is natural. 3) Macro and geopolitical disturbances are putting pressure back on • Coindesk mentions rising oil prices and increased risks in Iran, which are suppressing BTC • The optimistic sentiment that previously supported the market is cooling off Interpretation: BTC is still very sensitive to macro factors; once risk asset sentiment weakens, the crypto market will retract faster than the stock market. 4) Institutional funds are still buying, but short-term profit-taking is overwhelming • Bitcoin funds saw an inflow of about $933 million in one week • Strategy bought another 3,273 BTC • Fidelity still believes BTC is stabilizing the market Interpretation: The mid-term funding logic is still intact, but the issue is that the short-term rise has been too fast, leading some to take profits. 5) The narrative around stablecoins and payments continues to strengthen • Western Union is considering launching a stablecoin for cross-border settlements as a replacement for SWIFT • Stablecoin B2B payments are expected to reach $5 trillion by 2035 Interpretation: This trend is more favorable in the medium to long term, indicating that traditional finance is increasingly taking on-chain payments seriously. 6) Security and regulatory issues remain • Aave's rescue plan continues to advance • Canada's ban on crypto donations passed a key vote • Solana / MARA are discussing quantum security solutions Interpretation: While the main focus of the industry remains on funding and ETFs, security, regulation, and quantum issues are slowly becoming mainstream topics. ━━━━━━━━━━━━━ 🧠 Ado's Commentary Today's market core isn't about "turning bearish," but rather a normal pullback after a failed surge. Institutional funds haven't fled, and ETFs haven't collapsed, but short-term sentiment is clearly being suppressed by 80k. Only if BTC falls back below previous lows should we worry about a larger-scale weakening; right now, it feels more like a shakeout in a strong trend. In one sentence: Short-term is weak, funds are taking profits, but the mid-term main trend is still intact.

🐍 Ado Crypto Daily | 2026.04.27 📊 Market Overview BTC: $79,058 (+2.08%) ETH: $2,388 (+3.36%) SOL: $87.71 (+1.81%) BNB: $637.8 (+1.48%) XRP: $1.44 (+1.55%) DOGE: $0.1003 (+2.71%) TRX: $0.3235 (-0.06%) Total Crypto Market Cap: Approximately $2.719 trillion 24h Total Market Cap Change: +1.61% 24h Trading Volume Change: +45.31% BTC Market Share: 58.24% One-sentence conclusion: Today is not just a simple rebound; it is a strong surge. BTC has regained the 79k mark, and market sentiment is clearly stronger than yesterday. ━━━━━━━━━━━━━ 🔥 Today's Highlights 1) BTC breaks out and strengthens, with volume increasing simultaneously • BTC rose over 2% in 24h • Total market trading volume increased by 45% • Total market cap has rebounded to around 2.72T Interpretation: This is not just a dead water rebound; at least for now, there is volume. It is much healthier than the low-volume sideways trading of the past two days. 2) ETFs and institutional funds continue to support the market • Approximately $824 million flowed into the US spot BTC ETF weekly • BlackRock ETF options open interest has previously surpassed Deribit • Corporate hoarding narrative continues to strengthen Interpretation: The real support for the market is still from institutions and compliant funds, not retail sentiment. The core reason BTC is stronger than altcoins lies here. 3) Whales are going long, but funding rates remain negative • Coindesk mentioned that BTC whales continue to add long positions • Meanwhile, funding remains negative Interpretation: This indicates that there are still many people in the market who do not believe in this wave, leaving room for further short squeezes. 4) DeFi is still recovering, but the shadow of security issues remains • Aave has raised nearly 80% of the funds needed to cover the bad debts left by the KelpDAO exploit • The market is also discussing DeFi's ability to recover after being hacked and the loss of TVL Interpretation: DeFi is not dead, but funds are still very sensitive to security issues. To restore valuations, trust must first be rebuilt. 5) Regulatory and policy lines continue to influence expectations • The US crypto legislative window is approaching; May is worth watching closely • Over in Europe, Bybit's CEO directly stated: MiCA is not enough; it's hard to make money relying solely on MiCA Interpretation: US decisions influence sentiment, while Europe determines compliance costs. Regulation is not a short-term negative but a long-term variable that decides who can survive. 6) Don't forget the risk points • Litecoin suffered a DoS attack and experienced 13 block reorganizations • Discussions about quantum threats to Bitcoin continue to heat up Interpretation: These issues did not dominate the market today, but they will continue to remind the market: security issues are never a thing of the past. ━━━━━━━━━━━━━ 🧠 Ado's Commentary The core of today's market strengthening is not just the rise, but the volume has returned during the rise. BTC remains the absolute main line, with institutional inflows, ETFs, and whale long positions all contributing positively. However, it is important to note that the current situation resembles a BTC-dominated market recovery, not a full-blown bull market return. For altcoins to take over, we need to see if the funds continue to spread in the future. One sentence: Today is relatively strong, BTC is leading the pace, short-term sentiment is warming up, but don't rush into thinking it's a full bull market.

After being tormented by the market for too long, it's easy to become M. I see a lot of people getting blacklisted and still feeling indignant. Actually, it’s nothing. Different circles, don’t force it. The chief economist of the new fire mainly focuses on how to bring big clients from Web2 to Web3. The threshold for the new fire black card is 500,000. Among us few, how many can meet the standard? Even if they meet the standard, if they really invest 500,000, will they be like Web2 fans, asking nothing all day and just praising the teacher's greatness? Can they do that?

🐍 Ado Crypto Daily | 2026.04.26 📊 Market Overview BTC: $77,538 (-0.00%) ETH: $2,316 (-0.13%) SOL: $86.02 (-0.26%) BNB: $629.28 (-1.16%) XRP: $1.42 (-1.02%) DOGE: $0.0979 (-1.02%) TRX: $0.324 (+0.38%) Total Crypto Market Cap: Approximately $2.669 trillion 24h Market Cap Change: -0.19% 24h Trading Volume Change: -42.03% BTC Market Share: 58.15% One-sentence conclusion: Prices haven't moved much, but trading volume has shrunk significantly, and the market is waiting for new catalysts. ━━━━━━━━━━━━━ 🔥 Today's Highlights 1) BTC remains stable around 77k, but the market is clearly shrinking • BTC is basically hovering around the $77.5k line • Total market cap has only slightly retreated • 24h trading volume plummeted by 42% Interpretation: This is not a panic sell-off, but rather both bulls and bears are reluctant to take heavy positions, more like waiting for direction. 2) The underlying support for BTC's rebound is still there: institutions and stablecoins • BTC ETF / institutional allocation interest remains • BlackRock's Bitcoin ETF open interest exceeds Deribit • The logic of USDT supply growth is still supporting the market Interpretation: What truly supports the market is not retail sentiment, but rather ETFs, stablecoins, compliant derivatives, and institutional allocation demand. This is positive for BTC, but not necessarily for most altcoins. 3) Trump-related news continues to stir the market • Trump canceled his trip related to talks with Iran • Following this news, BTC briefly retreated • At the same time, Trump continues to advocate for crypto legislation and attended meetings related to the $TRUMP memecoin Interpretation: Trump's influence on crypto is dual-edged—policy narratives are generally favorable, but geopolitical and emotional disturbances lead to higher volatility. 4) AI + Crypto narrative continues to heat up • Alchemy CEO: Crypto is not for people, it's for AI agents • Coinbase's Jesse Pollak: AI agents will be the next big opportunity in crypto payments Interpretation: This narrative provides crypto with a story that is easier to communicate to traditional capital than pure speculation, making it worth keeping an eye on Base / L2 / stablecoins / AI infrastructure. ━━━━━━━━━━━━━ 🧠 Ado's Commentary Today, the market is not weakly collapsing, but rather weakly stable. BTC is supported by institutions and compliant funds, making it difficult to drop significantly; however, the drop in volume indicates that the market is not ready for a direct new high. In one sentence: The market is still alive, but enthusiasm is lacking. Institutions are entering, retail investors are not panicking, and direction is waiting for a catalyst.

🐍 Ado Crypto Daily | 2026.04.25 📊 Market Overview • BTC: $77,673 (-0.06%) • ETH: $2,319 (+0.47%) • SOL: $86.48 (+1.01%) • BNB: $637.62 (+0.46%) • XRP: $1.44 (+0.41%) • DOGE: $0.0988 (+1.73%) • TRX: $0.323 (-1.65%) • Total Crypto Market Cap: Approximately $2.676 trillion • 24h Total Market Cap Change: -0.08% • 24h Trading Volume Change: -16.23% • BTC Market Share: 58.09% One-sentence conclusion: Price levels are relatively stable, but trading volume has clearly shrunk, indicating that the market is not aggressively bullish, but rather in a high-level consolidation and wait-and-see mode. ─── 🔥 Today's Most Important Events 1) BTC's rebound continues, but the momentum is weakening. CoinDesk mentions two conflicting sets of data: • On one side, BTC ETFs have seen a net inflow for 8 consecutive days, totaling about $2 billion. • On the other side, short-term holders are clearly starting to take profits. • There are also reports that BTC is expected to achieve its best monthly performance in a year this month. • However, BTC has repeatedly faced resistance below $77,500, volatility is cooling, and leveraged funds are withdrawing. Interpretation: This is neither purely bearish nor strongly bullish; it’s more like: Spot funds are buying, while short-term traders are selling. So you will see prices not collapsing much, but also not moving up significantly. ─── 2) Stablecoins continue to expand, which is the key fuel for this rebound. Today, what’s worth watching is not the slogans, but the money. • CoinDesk mentions: USDT supply has increased by about $5 billion. • Morgan Stanley has even started to make arrangements for stablecoin reserve management. Interpretation: The expansion of stablecoins essentially means that the market's "ammunition" has returned. Many past rebounds were just talk, but this time at least part of the supply of dollar-pegged tokens is genuinely increasing. But be cautious: An increase in stablecoins does not necessarily mean direct inflows into altcoins. Currently, it seems more like it’s supporting BTC/mainstream coins and trading liquidity first. ─── 3) The macro environment has not completely warmed up; BTC still relies on the dollar and interest rates. CoinDesk also highlights two macro signals worth watching: • BTC and the dollar index are showing the strongest inverse relationship in nearly 4 years. • Factors like Japanese inflation, oil prices, and geopolitical conflicts are still pressuring risk assets. • Market expectations for a more hawkish central bank have not completely disappeared. Interpretation: Crypto is not moving in isolation. Essentially, it’s still: A weaker dollar, looser liquidity, and higher risk appetite are what make BTC comfortable. So if the macro environment tightens again, the crypto market could easily be pressured. ─── ⚖️ Regulatory/Policy Aspects 4) The prediction market sector continues to face challenges. In the U.S., regulatory conflicts surrounding prediction markets are escalating: • CFTC is suing New York State. • Wisconsin is also suing Kalshi, Coinbase, Polymarket, Robinhood, and Crypto. ─── 5) Tether freezes $344 million USDT, regulatory scrutiny continues to increase. A significant point that continues to have an impact from yesterday to today: • Tether froze about $344 million USDT on Tron. • This is related to U.S. financial sanctions against Iran. Interpretation: This once again highlights one thing: The larger stablecoins become, the more they resemble extensions of the dollar system. The upside is that they are more easily accepted by mainstream finance; But the cost is that the narrative of "decentralized currency alternatives" will continue to be weakened. ─── 🏦 Institutional/Fund Flows 6) Institutions are still buying, but in a more "traditional finance" manner. Today, several signals combined are quite interesting: • Bitmine plans to buy 10,000 ETH from the Ethereum Foundation. • Metaplanet is issuing zero-interest bonds to raise $50 million to continue buying BTC. • Morgan Stanley is making arrangements for stablecoin reserve management. • ETF funds continue to flow in. Interpretation: Institutions are not absent; in fact, they are deepening their participation. But the issue is that their participation is increasingly resembling: • Buying BTC • Allocating ETH • Building stablecoin infrastructure • Providing custody, reserves, and compliance financial services Rather than engaging with those "high dreams, low cash flow" altcoin narratives. So if you ask this year, "Are institutions entering the market?" The answer is: Yes, but they are selective. ─── 🧪 Technical/Security Aspects 7) Quantum computing is scaring people again, but it’s not a substantial risk in the short term. • Researchers have completed a larger-scale public quantum attack demonstration and received a 1 BTC bounty. Interpretation: This indicates that the quantum threat is not entirely imaginary, But it is still far from being a "direct threat to BTC mainnet security." The short-term impacts are more about: • Generating topics • Triggering long-term upgrade discussions • Reinforcing expectations that "old wallets/old crypto solutions need to migrate." ─── 💀 Risk Warning Today, the biggest hidden danger in the market is not a drop, but "shrinking volume." The most dangerous state right now is not a crash, But rather: • Prices are stagnant • Volume is declining • ETFs are buying • Short-term funds are selling • The macro environment is still not completely safe. This kind of market is most likely to result in: On the surface, it seems stable, but if there’s a sudden negative event, it could drop quickly. ─── 🧠 Ado's Commentary Today, the market is neither purely bearish nor very strong. My judgment is: • The logic of BTC is still there: ETFs, stablecoin expansion, and institutional allocations are all supporting it. • But altcoins and high-risk narratives have not recovered in sync. • The decline in volume indicates weak willingness to chase prices. • Regulation and macro factors remain two points that could trigger issues at any time. So today feels more like: Mainstream coins are being propped up by capital, but market sentiment has not truly heated up. If you must set a tone: 👉 Neutral, with a hint of cautious optimism; but definitely not a day for blind bullishness. ───

─── 🐍 Ado Daily | 2026.04.24 📊 Market Overview BTC $77,618 (-0.37%) ETH $2,304 (-1.81%) SOL $85.24 (-0.82%) BNB $633 (-0.53%) XRP $1.43 (+0.73%) Total crypto market cap: approximately $2.68 trillion Overall sentiment is weak, BTC fell back after hitting $80,000 yesterday, with rising oil prices suppressing risk assets. ─── 🔥 Major Security Incidents 1) KelpDAO hacked for $292 million — the largest hacking incident of the year. Aave is affected and is coordinating recovery with Lido and EtherFi. JPMorgan directly reported that DeFi security flaws hinder institutional entry, with a $20 billion loss highlighting systemic risk. 2) Arbitrum urgently froze $71 million — to prevent the transfer of stolen funds, but it sparked a decentralization controversy: is L2 really decentralized? 3) Tether froze $344 million USDT on the Tron chain — cooperating with U.S. law enforcement, FATF warns that stablecoins are playing an increasing role in illegal fund flows. ─── 📜 Regulation and Policy 4) BIS warns: crypto exchanges are becoming "shadow banks" — the yields from stablecoins and DeFi "earn" products are essentially banking services, but without guarantees and insurance. 5) Over 100 crypto companies jointly urge the Senate to advance the market structure bill — calling for clear delineation of SEC/CFTC responsibilities to protect non-custodial developers. 6) XRP leveraged ETF launch delayed — XRP fell 2.5%, sentiment is bearish. ─── 🇺🇸 U.S. Developments 7) U.S. military operates Bitcoin nodes — the commander of the Indo-Pacific Command stated that BTC is a national power tool against China, used for cybersecurity testing. 8) U.S. Green Beret arrested for betting on Polymarket — a soldier involved in the Venezuela raid bet $400,000 on the outcome of the operation on Polymarket. 9) Pentagon inflation warning — BTC bullish momentum faces macro headwinds. ─── 💀 Industry Signals 10) 90% of Web3 games fail — after a $15 billion boom, players simply did not show up, and funds have shifted to AI, RWA, and L2 infrastructure. 11) Pantera demands Satsuma liquidate BTC — after a 99% stock price drop, Pantera urges liquidation of remaining Bitcoin to pay back shareholders. 12) SBF withdraws request for retrial — believes he will not receive a fair trial. 13) OpenAI poaches Coinbase marketing team — 6 executives, including the former CMO, have jumped ship. Talent is flowing from Crypto to AI. ─── 🧠 Ado's Commentary Overall sentiment is bearish. The $292 million KelpDAO hacking incident has a significant impact, prompting JPMorgan to criticize DeFi. BIS is also sounding the alarm. Regulatory pressure is increasing, and both funds and talent are moving towards AI. BTC couldn't hold above $80,000, with rising oil prices and inflation warnings being short-term suppressive factors. The only bright spot is the U.S. military running BTC nodes, but it feels more like a geopolitical narrative than an actual positive.

Given the market conditions and global instability: go all in on shorts, sooner or later you'll live in a palace.

Last night the market broke through, and many are calling for a bull run. We firmly believe it's a false breakout and are going short 📉. 1/ After going short, I discussed it late at night with the brothers in the group, and the more we talked, the more we felt this wasn't so simple. 2/ The Trump administration's recent moves appear to embrace crypto on the surface, but in reality, they are systematically draining liquidity. Favorable policies? It's just a legal pathway for the scythe. 3/ The funds and liquidity that have been siphoned off will never return. This isn't a cyclical retreat; it's a structural loss. Money has gone into Wall Street's pockets; do you think they will give it back? 4/ Squeezing out means going to zero, but overextending is truly ruthless—directly into the negatives. Think about how many people over the past two years haven't just lost everything, but are now in debt. 5/ A possibility that's hard to imagine: if Trump drains the value of the crypto market, in the next 5-10 years, the public will scoff at crypto. Just like back in the P2P days, from a hot trend to everyone wanting to take it down. 6/ If I were Trump, I would do the same—use crypto to gain wealth that could last for generations, then walk away. 7/ So while everyone is FOMOing, we choose to stand on the opposite side. It's not a bearish belief; it's seeing the reality clearly. 8/ Maybe I'm a pessimist. But this industry has taught me one thing: pessimists may not earn much, but they live longer. What do the brothers think?