0xLeslie

I wanted to wait for the FOMC last night, but I really couldn't stay awake and fell asleep. I placed some lowball orders before bed, but they didn't get filled, so I chased a bit this morning.
The two major bearish catalysts have landed, yet prices held steady. ETH didn't even fall out of its range, so most likely it had all been priced in. A hawkish stance may not necessarily be truly hawkish; we still need to look at the data.
Hopefully, there will be a good rally in September-October.

The battle among hundreds of entities on arc will probably come to an end soon.
If nothing unexpected happens, it will be a frenzy of pumping and mutual bloodsucking.
But after researching it, I still think the arc ecosystem will most likely take off. Robinhood also took quite some time to mature back then, and arc is definitely going to issue a token. Engage in more PVE interactions, and you’ll be rewarded.

Fruit Fly is really a shame—I bought in at 500k. At the time, I thought BSC was more suitable for memes with nothing else, while all those technical projects were scams. Even Lobster is actually a pure meme and doesn’t need to engage in any technical interaction with agents.
But there were simply too many diversions, and the liquidity was siphoned away.
I’m currently preparing to look for some good targets on arc. Things are extremely chaotic right now, and I don’t think there’s any need to rush at all. After the wheat is separated from the chaff, it will take a month to determine who the lead

Bitcoin doesn’t need CLARITY

The super short squeeze for $BNC is about to begin.

ChangXin’s funding rate is approaching normal levels, so I’m starting to short it.
Unitree is definitely not worth this valuation, and it wouldn’t be surprising no matter how much it falls. However, shorting it is still difficult—the funding rate is not suitable for holding a short position for long, so I can only look for entry points for short-term trades.
Look for opportunities to short large-model companies. 90% of them will die. Zhipu has already made two moves.
I’m bullish on Alibaba in the long term; the market has given it a price that is far too undervalued. The financial report defin

I keep thinking about which industries will remain certain over the next ten years. How should positions be allocated between offense and defense?
1/ Electricity
I think electricity is probably one of the most certain areas. Data centers, electric vehicles, and automation all require massive amounts of electricity, and there has always been a shortage of electricians, as well as demand for power and grid equipment.
2/ AI and computing infrastructure
The AI trend is unlikely to reverse, but AI applications may continue to be winnowed through intense competition. New super-applications will emer

Competition among model companies has become extremely fierce. If you develop models, you have to be constantly on edge, watching for the latest “kill lines” from other companies almost every day.
At their current stage, models are already capable of handling the needs of many ordinary people. For small tasks, the gap between top-tier models has become increasingly negligible.
In the end, aside from a few companies, none really has a moat—and perhaps even those few do not truly have one. The ultimate winner will definitely be whoever controls the channels and ecosystem, profiting as the third

The premium on domestic Nasdaq 100 ETFs has already surged past 10%. What does that mean? For an asset with a net asset value of 1 yuan, retail investors have to pay 1.137 yuan to buy it.
If the premium returns to 5%, investors will lose 7.7% even if the Nasdaq does not fall; if the premium drops to zero, they will lose 12%; even if the Nasdaq rises 10%, they will still lose 3.3%.
This price is already at the historical 98th percentile of the past more than 10 years. Even more interestingly, it has almost no correlation with Q's future gains or losses.
Domestic capital is still far too hungry

Is there still a U-card that works properly?
Without a U-card, it’s really too much hassle.
Seriously, some people are just so low… even spending a little money is this hard.

How did this A-share market come about, and how did it fall back again? In reality, it never really had a bull run.
In the closing minutes, the state-backed team stepped in again to give it some support; otherwise, I don’t know how ugly it would have looked.
But falling quickly is also a good thing—hopefully the bottom can shake out soon.

The capabilities of various large models are at least converging in terms of scores more and more; as long as there are continually open-source base models, it’s only a matter of time before everyone catches up—it's basically a foregone conclusion.
Remember what was said at the start of the year: that 3 would be the worst model this year? As of now, it really can’t get onto the table anymore.
But in the end, when large models fight to the finish, they’re still competing for channels—GLM’s government and enterprise orders, Qwen’s iOS domestic (China) version. The race among AI large models

🖤7/14 Key events and personal recap
- CPI just came out. Interpretation is positive; it surged directly before the open.
- Korean stocks fell sharply again today, but recovered by the close. Over there, they’ve already started addressing leverage issues, and it should bounce back soon. Korean traders are too crazy about both crypto and stocks.
- It’s earnings season for major companies. It looks like most of them are showing positives, though I don’t know how much is already priced in.
- ChangXin Memory’s planned listing on July 27 has been announced. This is a big signal, and I feel there ma

🖤 7/13 Key events and personal recap
Recently NQ’s daily chart has been very weak, with risk-off sentiment. Sure enough, on Monday there was a waterfall-style washout of faces, and my A-share position didn’t get out.
- Korea stocks hit another circuit breaker; it’s already becoming normalized. The problem is that individual stocks are too heavily weighted, and the leverage at Samsung and SK hynix is too crowded. Unless this issue is resolved, it’s hard to break the previous high again in the short term.
- The US and Iran continue fighting in the Strait of Hormuz, and crude oil surged.
- The S