CJ_Blockchain

First off, I hold both pons and pump.
Many people are benchmarking pons's valuation against pump's and believe pons is undervalued.
But!
Launchpads are mostly cyclical stocks.
Only pumpfun has proven that it can weather market cycles, buying back $500k worth of tokens every day even in a bear market.
Before pons proves itself, it is perfectly normal for it to be valued like a cyclical stock.

I previously shared in the channel why I went long on $CHIP ; today I'll discuss it in detail.
There aren't many sources of yield for mainstream crypto stablecoins—roughly three in total.
1. U.S. short-term Treasury yields.
2. Crypto-native lending yields, namely deposit yields on lending platforms such as AAVE.
3. Funding rate arbitrage, such as Ethena.
Because Strategy launched STRC, some projects are also building yield strategies around STRC.
Overall, yields are much lower than they were a few days ago.
Because of data center construction, the GPU credit market is emerging. Normally, this

Many people misunderstand the PVP and PVE mindsets.
The difference between the two is not how long you hold; the key difference is how you expect to make money.
PVP mindset: When a good opportunity appears, I want to put in more than others and do it faster than others, then dump on them after the price rises.
PVE mindset: When a good opportunity appears, I think the opportunity is so good that it will definitely spread widely in the future, so I buy now and wait for the event to gain momentum.
Or when a good project appears, you expect it to become popular in the future and make more

Both write about luxury goods, yet Jiang Nan and Brother Sun completely outclass Guo Jingming.
Why is that?

What’s the biggest takeaway from Sun bro’s situation for us ordinary people?
Finance is a high-risk profession. All the figures in Sun bro’s story are in the millions or tens of millions.
Then the finance person served prison time and begged to take 80k.
Took the hardest beating, earned the least money,

After two years, NVIDIA has once again come out to save the semiconductor industry. Long live Huang.
For the sake of the semiconductor industry, it even announced its annual earnings forecast early—something it had never mentioned before.
This is what an industry leader looks like.

Semi’s founder gave a hot take in a recent interview—
【By 2028, the two labs OpenAI and Anthropic may directly control 70% to 80% of the world’s incremental computing power.】
AI has become a money-printing machine. Large models used to burn through investors’ money, but now that they are up and running, their profit margins are extremely high. Every $1 invested can generate $3 to $5 in returns, or even more. They are using those profits to aggressively buy chips, then using more powerful models to make even more money.
Computing power is so profitable that it is draining the entire economy. Ov

MiniMax will release its first-half report after the Hong Kong stock market closes today.
Based on the sell-side estimates currently available, Morgan Stanley’s rough figures are: first-half revenue of approximately $115 million, gross margin expected to rise to around 29.5%, and an adjusted net loss of roughly $228 million.
However, MiniMax itself disclosed in February that its ARR had already exceeded $150 million. I estimate its ARR could reach $400–500 million by the end of June?
With Openclaw and other harnesses gaining huge popularity in the first half, is it highly likely that its resul

I watched PDD’s earnings call.
All I can say is, if PDD could put shareholder returns second—not even first, just second—it would be a good stock.
Today, when every internet and tech company is talking about AI and building computing centers,
PDD is still talking about supporting farmers, food safety, and intellectual property protection.
I saw an interview yesterday saying that they also don’t require employees to use AI to write code. As long as they complete their tasks, employees are not told how to do so.
This strategic discipline is admirable. Unfortunately, shareholders simply don’t exi

Alibaba is placing 80 billion.
It is hard to describe how much this behavior is.
They don't treat shareholders as human beings. They previously had money on their books, but instead of doing R&D or buying GPUs, they wanted to wage a food-delivery war. Subsidizing Chinese people to drink milk tea.
Now that they're running out of money, they have started issuing new shares to dilute equity.
The Hang Seng Tech Index is completely ruined.

Can this Larl win two TI championships alongside yatoro?
Why might he not run into this kind of C?

Tonight’s Chinese concept stock earnings
【BABA】
Cloud computing growth exceeded 44%, but the e-commerce business dragged on results, so net profit fell short of expectations, missing by nearly 20%. I’d say this earnings report is neutral overall. It feels somewhat mediocre—neither particularly good nor particularly bad. E-commerce is no longer growing. If you want cloud exposure, you can buy neocloud stocks and Amazon. Alibaba’s only advantage is its low valuation. But that’s simply how cheap Hong Kong stocks are. So it hasn’t entered the strike zone yet.
【Pop Mart】
The results did not

I remember! I remember everything!
I love my family of origin!

According to The Wall Street Journal,
OpenAI: Second-quarter revenue was $6.7 billion, up just 18% from $5.7 billion in the first quarter; its annualized revenue run rate (ARR) was approximately $40 billion.
Anthropic: Second-quarter revenue exceeded $11.5 billion, surging more than 140% from $4.73 billion in the first quarter and surpassing OpenAI for the first time in quarterly revenue; as of the end of July, its annualized revenue run rate had exceeded $65 billion, representing approximately sevenfold growth from the end of last year.
Yesterday I said that Anthropic’s second derivative of g

Is Farcaster shutting down really surprising?
Coinbase is the ultimate sucker, a company willing to spend $20 million buying an NFT.
They ultimately didn’t acquire Farcaster.
Think about it—think deeply.