U.S. 4-Month Treasury Auction Bids-to-Cover Ratio as of July 23

#PI# Others fear when I am greedy, and they are greedy when I am fearful; sell when the crowd is clamoring, buy when no one is paying attention.

In 2023, the crypto market gradually recovered, with many innovative applications emerging, including Bitcoin inscriptions and the tokenization of physical assets. This year's "CONNECT" annual awards recognized 123 outstanding projects and individuals, promoting the link between Web3 and the real world, providing incentives for industry development.

The crypto market is expected to recover in September, but the alt season requires Bitcoin to break through $70,000. Water is essential for brewing delicious coffee, and similarly, liquidity is important for accumulating Bitcoin. This is a theme I emphasize repeatedly in my articles. However, we often overlook its significance and focus on some small matters that we believe will affect profitability. If the sources, destinations, reasons, and timing of fiat currency liquidity can be identified, investment losses will be hard to incur. Since financial assets are priced in USD and US Treasuries, the quantity of global currency and dollar debt becomes the most critical variable. What we need to focus on is not the Federal Reserve, but the U.S. Treasury. This helps us determine the specifics of the increase or decrease in fiat currency liquidity. We need to return to the concept of "fiscal dominance" to understand why Yellen made Powell her "beta cuck towel bitch boy". During the fiscal dominance period, the necessity of funding the state is paramount.

The price of Bitcoin broke through the $118,400 mark on the afternoon of July 11, setting a new historical high, and once again sparked the market's attention to its scarcity and hedging functions. This round of rise is not driven by a single factor, but is the result of multiple factors working together, including increased institutional capital inflow, a warming ETF market, changes in U.S. macro policies, and market expectations. Bitcoin has not only successfully broken through the key resistance level of $112,000, but short-term technical analysis also indicates that it still has the momentum to continue rising. As the supply of dollars continues to expand, some industry insiders have come out at this time to reassure those investors who missed this wave of market movement, reminding them that the total issuance of Bitcoin is limited and there will still be opportunities to buy during a pullback in the future. This statement is not just a simple encouragement, but also reiterates the core logic of Bitcoin as a deflationary asset. At a time when global monetary supply is inflating and the depreciation of fiat currency has become the norm, Bitcoin continues to...

The Emerging Force in the Social Media Industry: The Rise and Challenges of the Decentralization Social Platform Friend.tech The 2024 Global Social Market Report shows that the social media industry is undergoing significant expansion. Its market value is expected to increase from $219.06 billion in 2023 to $251.45 billion in 2024, with a compound annual growth rate of 14.8%. Approximately 62.3% of the global population uses social media, with an average daily usage time of over two hours. Decentralized social media (DeSoc) provides innovative ways for creators to monetize content and manage online relationships. It promises to improve privacy, security, and give creators complete control over their data and its monetization. Although the concept of decentralized social media is not new, it only started to gain significant attention in 2023 with the advancement of Web3 technology. Friend.tech, as a decentralized