danny
Not here to give answers—just vibing through different angles and perspectives. 都是瞎编，笑笑就好
519Followers57Articles
When all the flowers have faded, it all comes down to one person: the face, the backdoor, and the accountant of the encrypted world.
This article uses the rise and fall of the Huanghe Road to Zhenyuan in Shanghai in the 1990s as a metaphor to draw parallels between Binance and the current siege and challenges facing the crypto industry, exploring the nature and future of the industry amidst prosperity and crisis.
danny2026-02-03 08:22
When we say "encryption is no longer viable," what are we really trying to say?
When you sacrifice "decentralization" for "efficiency," you don't get a better Web3 product, but a poor Web2 product.
danny2026-01-30 10:35
On-chain is not a tax haven: CARF closes in, a global tax crackdown on crypto assets.
When the tax authorities have your transaction hash.
danny2026-01-29 01:30
BNB Chain's counter-strategy: nitpicking over wording to attack the meme? That shows you don't understand the Thirty-Six Stratagems.
The meme market is 82.8% manipulated, with retail investors becoming "biofuel." BNB Chain transforms meme traffic into ecological fuel, building a self-sufficient closed-loop funnel, while giants are engaged in an arms race through infrastructure and RWA.
danny2026-01-24 07:00
Why do the memes you buy only depreciate? — Deconstructing the growth spiral and volume of memes using first principles
Unveiling the mathematical formula behind the 10,000x Meme myth: It's actually a middle school geometry problem.
danny2026-01-21 05:30
Settlement and Shadow Liquidity: The Encrypted Millennium of Chaoshan Underground Banks
What you think of as DeFi is nothing more than a digital distribution channel for underground banks.
danny2026-01-15 13:30
OKB 2026: A Decisive Supply-Side Revolution
OKB is ushering in its AWS moment: burning 10 million tokens to lock a total supply of 21 million, transforming from an exchange token to a Web3 infrastructure, and becoming a native on-chain asset and traffic portal by relying on the X Layer public chain and OKX wallet.
danny2026-01-10 05:40
The Economics of "Ploughing" (or "Further Exploitation"): The Hidden Symbiotic Chain Between Project Teams, VCs, and Studios
High-end stumbling blocks often appear as stepping stones: the mirage and epitaph of a project "colluding" with profit-seekers.
danny2026-01-07 00:30
300 million users and a 10% shadow dividend: Deconstructing the "three-phase growth" logic of BNB in 2026
BNB has evolved from an exchange token into a multi-dimensional composite asset. This article proposes a "three-phase growth model" to assess its value: the exchange curve (implicit dividends and deflation), the public chain curve (on-chain demand and liquidity), and the digital asset treasury curve (institutional capital driven).
danny2026-01-04 11:30
From humble beginnings to the pinnacle: A review of the milestones that defined the 2025 crypto market landscape.
This article will review what I personally consider to be 10 landmark events in the crypto industry in 2025.
danny2025-12-29 09:00
2025, ETH will rise from the ashes.
Does Ethereum still have a future? What category does it belong to? Does it have a clear and sustainable business model?
danny2025-12-24 00:00
The Rise and Fall of Binance's Dominance: From BUSD's "Unification" to $U's "Conquering the World"—The Stablecoin Wars
From FDUSD to BFUSD, and then to United Stables ($U), Binance has not given up on stablecoins. Instead, it has evolved through failures, shifting from a hegemonic unification to an aggregate-based absorption, and even paving the way for the AI economy.
danny2025-12-19 12:00
Contract Algorithm Scythe (13): From Forced Liquidation to ADL, Who Should Be Responsible for “Overturning the Table”?
What drove the so-called "fair" protocols and exchanges to the brink of collapse?
danny2025-12-16 09:00
When tokens are the only product and source of revenue: A Fujian businessman's shovel can't make a 25-year-old counterfeit sickle.
Who exactly has contributed to the current situation of high FDV and low circulation? Who is shaping the token into the ultimate product/service?
danny2025-12-09 12:00
Beyond just trading volume, "asset turnover" reveals the true strength and inflated claims of an exchange.
Quantitative relationship between exchange asset reserve POR and trading volume: What information are exchanges hiding?
danny2025-11-25 08:00
The deadly trap behind the exorbitant profits of IPO subscriptions: How can retail investors use a "chain of traps" to fight against the snipers of market manipulators?
The ultimate victory for retail investors lies in taking multiple defensive measures to transform the risk of liquidation from a "certain event" into a "cost event," until they can safely exit the market.
danny2025-11-21 07:00
How to prevent a repeat of the 2011 stampede in the stock market? Circuit breaker mechanism construction and algorithm design under low liquidity conditions.
This paper proposes a circuit breaker mechanism algorithm based on composite quantitative indicators, using price deviation, order depth, and large-scale liquidation exposure as triggering reference conditions.
danny2025-11-18 04:00
Risk Management Strategies from the Exchange's Perspective and the Trader's Tactics of Snatching Food from the Mouth
This article attempts to speculate on how exchanges balance market activity and system solvency from a "first-person" perspective of risk control.
danny2025-11-11 06:00
Leverage routines may be a way to survive bugs: Multi-perspective analysis of over-collateralized lending
DeFi dark pool game: When the lending agreement becomes the ultimate weapon for "bugs".
danny2025-10-20 11:00
From leverage mechanisms to the killing caused by the absence of liquidity, the causes and culprits of the 1011 liquidity vacuum
Today we will speculate what happened on October 11 from the perspective of the "leverage and liquidation" mechanism?
danny2025-10-17 04:00
What ignited the powder keg? The leverage resonance effect in the 10.11 crypto avalanche
The cascading liquidations caused by extreme leverage using altcoins as collateral are a systemic risk triggered by external shocks when the market is structurally fragile. This article will analyze the underlying mechanisms from the perspective of market makers and large investors pledging altcoins to borrow stablecoins.
danny2025-10-14 01:00
The most stable leverage creates the most chaotic situation: Trump started the fire, why should my account pay the bill?
Although the crash was ignited by Trump, its catastrophic destructive power stems from the high-leverage environment within the native financial system of the crypto market.
danny2025-10-13 07:00
Beneath Human Nature, Above Mechanism: Unlocking the BNB Chain Ecosystem Empire with the Chaoshan Bank Anchor
How do Chaoshan banks in the crypto world build a trillion-dollar internal capital circulation?
danny2025-10-10 05:00
Unveiling the New Coin Listing Strategy: How the "Low Circulation, High Control" Spot + Contract Combination Became the New Musang King
This article provides a technical, quantitative, and objective mechanistic analysis to help sophisticated market participants identify and potentially mitigate related risks.
danny2025-10-08 06:20
Why are there always high-leverage "gamblers"? Explaining trading psychology and market dynamics in the PVP model
The durability of the foam depends on the concentration of PVP. The core of PVP is to bring out the greed and unwillingness of human nature.
danny2025-10-07 08:21
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