石头stone
争取做WEB3最细的男人！推特：@Stone141319
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Franklin × Binance: The underlying structure of institutional trading has changed
Franklin Templeton and Binance have taken another step forward, this time directly changing the underlying structure of institutional trading.
In simple terms: institutions no longer need to keep their money on the exchange when trading on Binance.
This time they have launched an over-the-counter collateral program. Eligible institutional clients can use the tokenized money market fund (MMF) shares issued by Franklin Templeton through the Benji platform as collateral for trading. However, these assets are not held in Binance, but in a third-party custodian, with Ceffu handling custody and settlement, while the Binance trading system only 'mirrors' its value.
In simple terms: institutions no longer need to keep their money on the exchange when trading on Binance.
This time they have launched an over-the-counter collateral program. Eligible institutional clients can use the tokenized money market fund (MMF) shares issued by Franklin Templeton through the Benji platform as collateral for trading. However, these assets are not held in Binance, but in a third-party custodian, with Ceffu handling custody and settlement, while the Binance trading system only 'mirrors' its value.
Everything we do consumes a lifetime, so it is better to do more things we enjoy.
A few days ago, I watched a segment from "The Thirteen Invitations" where Xu Zhiyuan interviewed Yao Ming.
Yao Ming posed an interesting question: If a poll were conducted in China, who do you think is the most popular, Liu Bei, Cao Cao, or Sun Quan?
Xu Zhiyuan's response was thought-provoking: What people truly resonate with in their hearts may be Cao Cao, but in public, more people would choose the benevolent Liu Bei.
Yao Ming then asked an even tougher question: So what kind of person is Sun Quan?
As the conversation progressed, both of them ultimately reached a consensus on an old saying: "Humanity never learns any lessons from history."
Whether it's our individual small circles, interpersonal relationships, or the larger context of relations between countries, many things change characters, change eras, yet history keeps repeating itself.
This statement applies equally to $BTC .
In every cycle, the market packages the same emotional curves with new narratives, new technologies, and new macro backgrounds: believing this time is different during a rise, and starting to doubt everything during a fall.
Rationally, everyone knows that Bitcoin is a cyclical asset, yet emotionally, they repeatedly chase at high points and fear at low points.
At its core, it reflects human nature in different scenarios; the bull and bear of BTC always revolve around the repeated switching between greed and fear.
History does not simply repeat itself, but it always bets on the same underlying human nature.
Yao Ming posed an interesting question: If a poll were conducted in China, who do you think is the most popular, Liu Bei, Cao Cao, or Sun Quan?
Xu Zhiyuan's response was thought-provoking: What people truly resonate with in their hearts may be Cao Cao, but in public, more people would choose the benevolent Liu Bei.
Yao Ming then asked an even tougher question: So what kind of person is Sun Quan?
As the conversation progressed, both of them ultimately reached a consensus on an old saying: "Humanity never learns any lessons from history."
Whether it's our individual small circles, interpersonal relationships, or the larger context of relations between countries, many things change characters, change eras, yet history keeps repeating itself.
This statement applies equally to $BTC .
In every cycle, the market packages the same emotional curves with new narratives, new technologies, and new macro backgrounds: believing this time is different during a rise, and starting to doubt everything during a fall.
Rationally, everyone knows that Bitcoin is a cyclical asset, yet emotionally, they repeatedly chase at high points and fear at low points.
At its core, it reflects human nature in different scenarios; the bull and bear of BTC always revolve around the repeated switching between greed and fear.
History does not simply repeat itself, but it always bets on the same underlying human nature.
BTC After the ETF and the Undervalued ETH
At the end of 2024, while chatting with a friend, I mentioned that this round of Bitcoin could reach 120,000. I don't quite remember why I made that judgment back then, but unexpectedly, a few days ago, this friend came to me with a screenshot, accidentally showing off, haha.
Then let's continue to talk about my current views on
and
,
First, let's talk about BTC. The current Bitcoin is a macro asset that has been re-priced by institutions, rather than just a trading product that used to be driven by halving and sentiment. The ETF has removed some of BTC's volatility, resulting not in an immediate surge, but in a continuously elevated bottom. You will notice a change: when bad news comes out, the drop isn't as severe as before; the sideways trading period has also become longer. This isn't weakness; rather, it’s due to a change in the chip structure. In the short term, if macro liquidity doesn't show a clear easing, BTC may continue to experience a grinding market, but it seems more like it’s preparing for the next pricing reassessment. I see many people wanting to get another large Bitcoin at 30,000, but in my view, that is quite unlikely.
Then let's continue to talk about my current views on
and
,
First, let's talk about BTC. The current Bitcoin is a macro asset that has been re-priced by institutions, rather than just a trading product that used to be driven by halving and sentiment. The ETF has removed some of BTC's volatility, resulting not in an immediate surge, but in a continuously elevated bottom. You will notice a change: when bad news comes out, the drop isn't as severe as before; the sideways trading period has also become longer. This isn't weakness; rather, it’s due to a change in the chip structure. In the short term, if macro liquidity doesn't show a clear easing, BTC may continue to experience a grinding market, but it seems more like it’s preparing for the next pricing reassessment. I see many people wanting to get another large Bitcoin at 30,000, but in my view, that is quite unlikely.
Silver Plunge, What Really Matters is the Position
Today's sharp drop in silver appears to be a 'price drop', but essentially, it is the financial attributes of silver being repriced.
Many people are accustomed to treating silver as a cheaper version of gold, but this round of decline precisely shows that the two have begun to move towards different narrative tracks.
Silver has two properties: half is a precious metal and half is an industrial product. When the market is in a phase of loose liquidity and rising risk appetite, silver often runs faster than gold, but once liquidity begins to tighten and risk appetite declines, it will also drop more sharply than gold. Today's drop is fundamentally not a denial of silver's value, but rather a result of funds actively reducing leverage and shrinking exposure.
Many people are accustomed to treating silver as a cheaper version of gold, but this round of decline precisely shows that the two have begun to move towards different narrative tracks.
Silver has two properties: half is a precious metal and half is an industrial product. When the market is in a phase of loose liquidity and rising risk appetite, silver often runs faster than gold, but once liquidity begins to tighten and risk appetite declines, it will also drop more sharply than gold. Today's drop is fundamentally not a denial of silver's value, but rather a result of funds actively reducing leverage and shrinking exposure.
A few days ago, I went to the ATM to deposit money, and the money was swallowed without being credited, and it showed a device malfunction. Fortunately, the card was not swallowed; it's the first time I've encountered such a situation!
When funds flee to gold and silver, what is brewing in the crypto market?
Recently, the trends of gold and silver have been very strong, and the safe-haven premium of precious metals is being rapidly elevated.
First, let's talk about gold, whose price continues to set historical highs, with spot gold once exceeding five thousand dollars per ounce. The underlying logic is not complicated: the geopolitical situation is repeatedly volatile, the dollar is weakening, and central banks around the world continue to buy, pushing demand layer by layer. There are even discussions in the market about more aggressive target prices. To be honest, I've already heard people around me starting to sell houses to buy gold.
Silver has also performed impressively, with prices approaching key historical levels, nearing one hundred dollars. Unlike gold, silver has not only a safe-haven attribute but also real industrial demand. Once the supply-demand gap is noticed by the market, the elasticity is often greater.
First, let's talk about gold, whose price continues to set historical highs, with spot gold once exceeding five thousand dollars per ounce. The underlying logic is not complicated: the geopolitical situation is repeatedly volatile, the dollar is weakening, and central banks around the world continue to buy, pushing demand layer by layer. There are even discussions in the market about more aggressive target prices. To be honest, I've already heard people around me starting to sell houses to buy gold.
Silver has also performed impressively, with prices approaching key historical levels, nearing one hundred dollars. Unlike gold, silver has not only a safe-haven attribute but also real industrial demand. Once the supply-demand gap is noticed by the market, the elasticity is often greater.
Let's talk about Rayls.
Tonight at 7 PM on Binance Alpha's Rayls @RaylsLabs, 242 spots available on a first-come, first-served basis, it's time to test your speed.
BSC chain token $RLS, CA: 0x17ea10b6ae4fde59fdbf471bd28ab9710f508816
RAYLS focuses on the path of traditional finance + DeFi + on-chain assetization, aiming to integrate banks, RWA, compliance, privacy, and EVM into a comprehensive infrastructure capable of handling large funds.
Total supply of 10 billion, during the initial issuance (TGE), 15% (~1.5 billion tokens) will be released into circulation, although the on-chain airdrop has not been issued yet.
The proportion for investors and the team is significant, with the allocation being: investors 22%, early developers 11%, core team 17%, foundation/community/eco 35%
BSC chain token $RLS, CA: 0x17ea10b6ae4fde59fdbf471bd28ab9710f508816
RAYLS focuses on the path of traditional finance + DeFi + on-chain assetization, aiming to integrate banks, RWA, compliance, privacy, and EVM into a comprehensive infrastructure capable of handling large funds.
Total supply of 10 billion, during the initial issuance (TGE), 15% (~1.5 billion tokens) will be released into circulation, although the on-chain airdrop has not been issued yet.
The proportion for investors and the team is significant, with the allocation being: investors 22%, early developers 11%, core team 17%, foundation/community/eco 35%
6 PM ALPHA launches GAIB @gaib_ai (also launching Binance contracts on the same day)
I checked, and $GAIB is an "AI Infrastructure Economic Layer" protocol aimed at tokenizing real-world AI hardware assets like GPUs and robots on-chain, allowing computing power and robotic infrastructure to become tradable assets.
Although the vision is grand, the difficulty of implementing "turning physical computing power + robotic infrastructure into tokens" is extremely high, as technology, regulation, and asset verification are all very complex.
The ratio of early supporters to core contributors is not small, and the token unlock/lock-up mechanism may bring selling pressure.
For those who have ideas about infrastructure and the AI economy in the medium to long term, it is still worth paying attention to, but if you are just looking to make short-term volatility arbitrage, it is recommended to try with a light position, focusing on short selling qualifications, contract depth, lock-up releases, and ecological development.
I checked, and $GAIB is an "AI Infrastructure Economic Layer" protocol aimed at tokenizing real-world AI hardware assets like GPUs and robots on-chain, allowing computing power and robotic infrastructure to become tradable assets.
Although the vision is grand, the difficulty of implementing "turning physical computing power + robotic infrastructure into tokens" is extremely high, as technology, regulation, and asset verification are all very complex.
The ratio of early supporters to core contributors is not small, and the token unlock/lock-up mechanism may bring selling pressure.
For those who have ideas about infrastructure and the AI economy in the medium to long term, it is still worth paying attention to, but if you are just looking to make short-term volatility arbitrage, it is recommended to try with a light position, focusing on short selling qualifications, contract depth, lock-up releases, and ecological development.
Sometimes it's quite funny, the amount of information in the crypto world is overwhelming, but the people who are actually making money tend to look at fewer things.
They don't chase trends, don't listen to tips, and quietly focus on a few directions, slowly honing their skills.
On the other hand, those who scroll through news every day are the most likely to be led by the rhythm—they're either chasing the latest airdrop or regretting not getting in sooner.
But the market has never lacked opportunities; what it lacks is whether you can stay steady before the opportunity comes.
You don't need to understand all projects; just grasp the rhythm of a cycle, and that's enough.
They don't chase trends, don't listen to tips, and quietly focus on a few directions, slowly honing their skills.
On the other hand, those who scroll through news every day are the most likely to be led by the rhythm—they're either chasing the latest airdrop or regretting not getting in sooner.
But the market has never lacked opportunities; what it lacks is whether you can stay steady before the opportunity comes.
You don't need to understand all projects; just grasp the rhythm of a cycle, and that's enough.
$ALLO debuts, how far can the new narrative of AI + blockchain go?
Yesterday, Binance airdropped 300,000 Allora $ALLO, with the price dropping to a low of 0.43 and currently hovering around 0.45. What will the future trend be? In 3 minutes, help you quickly understand the key points and risks of this AI + blockchain project worth noting:
✅ Points worth paying attention to
Allora is a decentralized AI network aimed at preventing the control of 'models, data, and computing power' by a few giants, allowing community participation, contribution, and governance.
ALLO token serves multiple roles in the network: payment for model calls, rewards for data contributions, node staking, and governance participation.
✅ Points worth paying attention to
Allora is a decentralized AI network aimed at preventing the control of 'models, data, and computing power' by a few giants, allowing community participation, contribution, and governance.
ALLO token serves multiple roles in the network: payment for model calls, rewards for data contributions, node staking, and governance participation.
Binance Wallet Reveel Booster Event Issue 8 Detailed Illustrated Tutorial
This issue's Reveel task is exactly the same as issue 7, but there is an additional task 9, which requires transferring money to three different friends (amount unrestricted). Issue 8 is also the last one before the TGE, so considering that things are quite competitive now, everyone should take 5 minutes to complete it as soon as possible.
Now let's start the task tutorial
Task 1: Follow @r3vl_xyz on Twitter
Task 2: Follow on Twitter
Task 3: Retweet
Task 4: Register an account, after jumping to the task webpage, click Sign in to register an account, enter your email address and click Submit to receive a verification code, then fill in the verification code received in your email to log in. After that, click Connect Binance Wallet to link your Binance wallet, click Register Pay(ID), set your username, then click Register to complete registration. Finally, click Connect X account to link and bind Twitter (if you have completed previous tasks, you can verify Task 4 directly).
Now let's start the task tutorial
Task 1: Follow @r3vl_xyz on Twitter
Task 2: Follow on Twitter
Task 3: Retweet
Task 4: Register an account, after jumping to the task webpage, click Sign in to register an account, enter your email address and click Submit to receive a verification code, then fill in the verification code received in your email to log in. After that, click Connect Binance Wallet to link your Binance wallet, click Register Pay(ID), set your username, then click Register to complete registration. Finally, click Connect X account to link and bind Twitter (if you have completed previous tasks, you can verify Task 4 directly).
#plasma $XPL @Plasma Plasma is a high-performance L1 public chain specifically designed for stablecoins and payment scenarios. It natively supports zero-fee USD₮ transfers, custom gas tokens, and Bitcoin bridging, is fully EVM compatible, and developers can directly build applications using Solidity. The core idea is to make stablecoins the underlying asset of blockchain, allowing on-chain payments to be as smooth as WeChat transfers. PlasmaBFT consensus ensures high throughput and deterministic block production while providing privacy payments, RWA payments, and enterprise settlement as additional scenarios. In simple terms, Plasma aims to be the infrastructure for the “Dollar Chain,” and the token $XPL is the energy source for this ecosystem.
Plasma, building a true 'Dollar Chain'
Recently, I came across the project @Plasma and feel it deserves a detailed discussion.
Plasma is a Layer 1 public chain specifically built for 'stablecoin + large-scale payments', with the core goal of making on-chain payments as simple, secure, and low-cost as everyday transfers. It supports zero-fee USD₮ transfers, customizable payment gas tokens, native Bitcoin bridging, and a fully compatible EVM development environment (which can be directly used with Solidity, Hardhat, and MetaMask).
Why is it worth paying attention to?
First of all, the design concept of Plasma is very clear: stablecoins deserve native support from the protocol layer, rather than relying on external plugins or intermediaries.
Plasma is a Layer 1 public chain specifically built for 'stablecoin + large-scale payments', with the core goal of making on-chain payments as simple, secure, and low-cost as everyday transfers. It supports zero-fee USD₮ transfers, customizable payment gas tokens, native Bitcoin bridging, and a fully compatible EVM development environment (which can be directly used with Solidity, Hardhat, and MetaMask).
Why is it worth paying attention to?
First of all, the design concept of Plasma is very clear: stablecoins deserve native support from the protocol layer, rather than relying on external plugins or intermediaries.
The address for withdrawal is your own wallet address, so there is no such thing as a refund.
Can the refund be processed after the 27U transfer?
Binance Wallet Reveel Booster Event 7th Issue Illustrated Tutorial
This issue of Reveel's task is similar to the 6th issue, but with the addition of Task 9, which requires transferring to three different friends (amount is not limited). Considering the current competition, please take 5 minutes to complete it as soon as possible.
Now let's start the task tutorial
Task 1: Follow @r3vl_xyz on Twitter
Task 2: Follow on Twitter
Task 3: Retweet
Task 4: Register an account, after jumping to the task webpage, click 'Sign in' to register an account, enter your email address and click 'Submit' to receive the verification code and fill in the verification code received in the email to log in. Then click 'Connect Binance Wallet' to connect your Binance wallet, click 'Register Pay(ID)', set your username and then click 'Register' to register, finally click 'Connect X account' to connect and bind Twitter (if you have completed the previous tasks, Task 4 can be verified directly)
Now let's start the task tutorial
Task 1: Follow @r3vl_xyz on Twitter
Task 2: Follow on Twitter
Task 3: Retweet
Task 4: Register an account, after jumping to the task webpage, click 'Sign in' to register an account, enter your email address and click 'Submit' to receive the verification code and fill in the verification code received in the email to log in. Then click 'Connect Binance Wallet' to connect your Binance wallet, click 'Register Pay(ID)', set your username and then click 'Register' to register, finally click 'Connect X account' to connect and bind Twitter (if you have completed the previous tasks, Task 4 can be verified directly)
Binance Wallet Pieverse Booster Event Phase 4 Task Tutorial
#Binance Wallet @binancezh Binance @binance Wallet Pieverse Booster event just started today. I apologize to my brothers and sisters for the delay in the last tutorial because I was out. The task is still very popular (produced by Binance, must be high quality), so everyone hurry up and do it.
Let's start the task tutorial
Task 1: Follow @pieverse_io on Twitter
Task 2: Retweet
Task 3: Answer the question, answer B
Task 4: Create and pay an invoice (Reminder: This task requires using BASE chain or ARB chain tokens to complete. Do not use BSC chain. This tutorial uses USDC on the BASE chain as a demonstration)
Let's start the task tutorial
Task 1: Follow @pieverse_io on Twitter
Task 2: Retweet
Task 3: Answer the question, answer B
Task 4: Create and pay an invoice (Reminder: This task requires using BASE chain or ARB chain tokens to complete. Do not use BSC chain. This tutorial uses USDC on the BASE chain as a demonstration)
Binance Wallet Reveel Booster Event Phase 6 Tutorial
#Binance Wallet Reveel Booster Event Phase 6
This episode's Reveel task is exactly the same as the 5th episode, but Task Seven is obviously much smoother; I tweeted once and succeeded. Considering that things are quite competitive now, siblings, please spend 5 minutes to complete it as soon as possible.
Let's start the task tutorial
Task One: Follow @r3vl_xyz on Twitter
Task Two: Follow on Twitter
Task Three: Retweet on Twitter
Task Four: Register an account, after jumping to the task webpage, click Sign in to register the account, enter your email address and click Submit to receive the verification code and fill in the verification code received in your email to log in, then click Connect Binance Wallet to connect your Binance wallet, click Register Pay(ID), set your username and then click Register, finally click Connect X account to connect and bind to Twitter (if you have completed the previous tasks, you can directly verify Task Four)
This episode's Reveel task is exactly the same as the 5th episode, but Task Seven is obviously much smoother; I tweeted once and succeeded. Considering that things are quite competitive now, siblings, please spend 5 minutes to complete it as soon as possible.
Let's start the task tutorial
Task One: Follow @r3vl_xyz on Twitter
Task Two: Follow on Twitter
Task Three: Retweet on Twitter
Task Four: Register an account, after jumping to the task webpage, click Sign in to register the account, enter your email address and click Submit to receive the verification code and fill in the verification code received in your email to log in, then click Connect Binance Wallet to connect your Binance wallet, click Register Pay(ID), set your username and then click Register, finally click Connect X account to connect and bind to Twitter (if you have completed the previous tasks, you can directly verify Task Four)
From today's threshold of 241 points, closing 600 violating accounts is far from enough, the revolution has not yet succeeded, comrades still need to work hard!!!
Binance Wallet Reveel Booster Event Phase Five Beginner's Guide
#Binance Wallet @binancezh Binance @binance Wallet Reveel Booster Event Phase Five
This phase of Reveel's tasks is similar to the fourth phase, except that there is an additional Task Eight. When many people complete Task Seven, it can be a bit convoluted, so it's suggested that everyone not be lazy and complete it as soon as possible.
Let's start the task tutorial
Task One: Follow @r3vl_xyz on Twitter
Task Two: Follow on Twitter
Task Three: Retweet
Task Four: Register an account, after being redirected to the task webpage, click Sign in to register an account, enter your email address and click Submit to receive a verification code and fill in the verification code received in your email to log in, then click Connect Binance Wallet to connect your Binance wallet, click Register Pay(ID), set your username and then click Register, and finally click Connect X account to connect and bind Twitter (if you have completed tasks from previous phases, Task Four can be verified directly).
This phase of Reveel's tasks is similar to the fourth phase, except that there is an additional Task Eight. When many people complete Task Seven, it can be a bit convoluted, so it's suggested that everyone not be lazy and complete it as soon as possible.
Let's start the task tutorial
Task One: Follow @r3vl_xyz on Twitter
Task Two: Follow on Twitter
Task Three: Retweet
Task Four: Register an account, after being redirected to the task webpage, click Sign in to register an account, enter your email address and click Submit to receive a verification code and fill in the verification code received in your email to log in, then click Connect Binance Wallet to connect your Binance wallet, click Register Pay(ID), set your username and then click Register, and finally click Connect X account to connect and bind Twitter (if you have completed tasks from previous phases, Task Four can be verified directly).
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