链刻Chain Times

Can these coins not move now? They either go up or down, right? Not moving is just unbearable.

How did Soul make 2.2 billion by selling avatars?

Not long ago, a familiar name appeared in the IPO prospectus of the Hong Kong Stock Exchange — Soul. Its last attempt to go public was in 2022, and this is its fourth time in the ring. Who would have thought that after practicing for two and a half years, it has made a comeback.

This company had been losing money for several years, with a loss of 12 million in 2021, but then it gradually started making profits. Generally, the gross margin for internet companies is around 40-50%, but Soul's gross margin is shockingly high, reaching 81.5%.

So, how did it achieve this? Is it really just by selling avatars and skins?

Yes, it really is. On the platform, you can only use official avatars, and a basic cat avatar costs around 30 RMB, while those limited edition rare avatars can go for thousands. At this point, your profile can directly reflect your taste and economic status, influencing your social interactions on this platform.

In addition, the platform has many free social features, but with limitations on usage. When you're in the mood but run out of free attempts, you'll start spending money. There are also chat gifts, with the most expensive one, "Sunny Night Appointment," costing over 4000.

Of course, people are not fools; if there's really nothing to offer, who would be willing to spend this money?

The platform's self-developed AI system can help you match with suitable partners more accurately and can even help you polish your words, teaching you how to date step by step.

Moreover, the platform offers virtual companions, which are incredibly realistic. They care for you and ask about your well-being, and once you've experienced it, you'll understand how good it feels, willingly spending money on it.

By 2024, the company's revenue had already reached 2.2 billion. At first glance, it seems like it's selling avatars, but in reality, it's selling emotional value. #加密市场反弹

JPMorgan Chase's recent actions resemble an old general opening the city gates to flee in the middle of the night after guarding the city for 50 years.
Outside, people are still asking what happened, while it has already boarded a flight to Singapore, conveniently locking the granary in the city.

Rumor has it that they changed 169 million ounces of silver from 'deliverable' to 'non-deliverable'—this move is like:
'Brothers, I’ll take the chips off the table first, you can continue playing, I’m out.'
10% of the global silver supply was 'locked up' with just one sentence, leaving Wall Street traders stunned.

On the other hand, the Singapore vault just expanded to 15,500 tons—it's as if JPMorgan Chase had booked the presidential suite in advance:
Build high walls in the east and let the water flow in the west, no need to guess where the money will go.

Over in the London vault, things are also grim; gold deliveries have been delayed from a few days to a few weeks, and silver leasing rates have soared to 30%,
the whole feeling is like: banks are still stubbornly claiming 'ample inventory,' but their pants are about to fall off.

JPMorgan Chase is the kind of top player that runs first at the slightest sign of trouble.
It knows:
The myth built on paper gold and paper silver for 50 years is about to collapse.

After all, gold can still be stored, silver is an 'industrial consumable' needed for photovoltaics, electric vehicles, and chips,
you can’t keep printing contracts to fool people, but the physical supply gets scarcer every year.
After five consecutive years of deficits, the game will eventually blow up.

So JPMorgan Chase took a very simple action in advance:

: Take away all the silver that can be taken.
: Move all the funds to the new vault in the east.
: Then wait for the next round of pricing power reset.

When the empire on paper collapses, those left at the table have to pull out real silver to fill the holes.

And JPMorgan Chase?
It has already eaten the meat it can consume.

On December 11th, it was announced that the Federal Reserve would lower the benchmark interest rate by 25 basis points to 3.50%-3.75%, marking the third consecutive meeting of rate cuts, in line with market expectations, and a total reduction of 75 basis points this year.

When will liquidity flow into the cryptocurrency space?

Share a classic timeless image

He Yi said: Making money is the easiest thing in the world. If you think it's difficult, then look for your own problems.

Money comes easily, and hard work is useless.

Many people have recently discovered that the central authorities have started to take action.
Transferring money from Alipay to Yu'ebao or to a small wallet to buy U will also result in account bans!

I'm curious how Alipay found out that I was buying U.
Or is it that the C2C on the other side is a black account that was detected?

It's terrifying, brothers! How will we withdraw money then?

The doctor said my insomnia might be due to stress,
I said my insomnia might be because I'm thinking about not having money for retirement in 40 years.

Rising electricity costs, rising medical costs, rising rent, rising prices.
Every day the numbers keep jumping, making you question life.

A harsh message for my future self: a retirement without prior preparation can only be called a "survival game in old age."

Paradigm says Polymarket's trading volume "has been overstated," but the industry generally believes the problem lies in the statistical methods of third-party data tools, rather than Polymarket itself being fraudulent. There is also suspicion that Paradigm is amplifying this controversy because it has invested in its competitor Kalshi.

1. Paradigm's data head said: Polymarket's trading volume has "double counting," making it appear larger than its true value.

This is akin to saying: you count how much merchandise a mall has sold today, but someone includes "returns" in the transaction volume, causing the number to look higher.

2. The crypto community criticizes Paradigm: you have invested in Kalshi (Polymarket's competitor), trying to undermine your peer. The implication is that "since you have invested in a competitor, you naturally want to speak poorly of others."

3. The co-founder of Bankr said: the issue does not lie with Polymarket itself, but with the lack of rigor in the statistical methods of certain third-party data dashboards.

For instance, data panels like Dune and Nansen sometimes have different statistical logics, which can lead to some transactions being counted multiple times, but this has no relation to Polymarket's official data.

4. The data head of Dragonfly also mentioned: starting in 2024, professional data dashboards have already resolved the double counting issue.
This means: this problem is a thing of the past; now mature data sources have handled it well, and it is not a major issue.

On December 9, Kalshi CEO Tarek Mansour stated in a podcast that the competitive relationship with rival Polymarket has driven both companies to work harder on their development.

Mansour compared the competition between the two companies to the rivalry between NFL quarterbacks Tom Brady and Eli Manning, as well as the competition between soccer stars Lionel Messi and Cristiano Ronaldo. He stated: "Without Polymarket, we wouldn't be pushing so hard on marketing and product development. This competition will drive us to scale this industry to heights that would be unattainable otherwise, which is beneficial for customers in the long run."

Kalshi was founded in 2018, and last week the company announced a partnership with CNN and CNBC, completing a $1 billion funding round at a valuation of $11 billion. Its competitor Polymarket was founded in 2020, reaching a valuation of $13.5 billion in November.

Maybe this is the cryptocurrency world
btc's ath
Actually, it was just 2 months ago
But it feels like the market has suddenly cooled down.

On December 9, Bitcoin experienced one of its weakest November performances since 2018. Data shows that last month's selling pressure mainly came from the European market, in stark contrast to Asia and the United States.

Presto Research timezone data indicates that the significant drop in crypto in November was primarily driven by European funds. The BTC/ETH decline for the month was approximately 20–25%, with notably net selling pressure during European trading hours, while Asia and the US hours remained basically flat. #加密市场观察 $BTC

Suddenly discovered that the cryptocurrency industry particularly likes F1, why is that?

In the Abu Dhabi F1 race, Liu Yifei also attended, and upon closer inspection, it's not difficult to find that many race cars 🏎️ have the logos of exchanges.

Our China's cryptocurrency traders also work 24 hours without a break.

It turns out that what is concentrated is the essence
Boys who are 170 cm tall no longer need to feel inferior

When your crush asks you why you are so short
Just throw this picture in her face

No wonder Guangdong produces wealthy businessmen
The average height does not exceed 170

The more concentrated, the more essence

After discussing with the big shot A9.5 in 🇭🇰, I have some reflections

Every time I talk with high cognitive and high net worth individuals, I feel that time is not enough, and I wish I could take notes on the spot, which is exactly the opposite when talking to fools.

Communicating with someone who stands high and has more information sources than myself is like a cheating-style [time-space travel], allowing me to see the future.

Alright, here are my insights that can be shared publicly:

1. The best choice for ordinary people is to find the right track and dig deep, rather than engaging in meaningless entrepreneurship and experimentation.

2. The era of lying down to win has definitively ended, and many cases of getting rich overnight will be met with [various ways] of returning to poverty; do not fantasize anymore.

3. The trust crisis is becoming increasingly severe, and the big shots are more pessimistic about this matter than I am.

4: The next few years will be the years of risk control, not consumption.

5: Every big shot has a time when their worldview is shattered and reshaped, and they also made mistakes and faced embarrassment when they were young, and were also 'harvested'.

But those who can persevere, and even truly start from scratch, are the ones who can become big shots.

Wishing the brothers and sisters in the comments achieve financial freedom soon #财富密码在其中

Brothers can follow each other and communicate #比特币VS代币化黄金