U.S. 20-Year Treasury Auction as of July 23 - Winning Interest Rate Allocation Percentage

#PI#Everyone guess, will we still see a PI of 0.4u next month? Can it hold the price of 0.4u? Will it fall to 0.3u and fluctuate next month? #BTC##ETH##SOL#

15 years ago today, Satoshi Nakamoto said: "If you don't believe me or don't get it, I don't have time to try to convince you, sorry." Today, Bitcoin is now a global currency and store of value ✨

Circle IPO Interpretation: Growth Potential Behind Low Intrerest Rate In the stage of accelerated clearing in the industry, Circle chooses to go public, hiding a seemingly contradictory yet imaginative story—net interest rates continue to decline, yet there is still enormous growth potential. On one hand, it boasts high transparency, strong regulatory compliance, and stable reserve income; on the other hand, its profitability appears surprisingly "gentle"—with a net interest rate of only 9.3% in 2024. This apparent "inefficiency" does not stem from a failure of the business model, but rather reveals a deeper growth logic: against the backdrop of gradually diminishing high-interest dividends and a complex distribution cost structure, Circle is building a highly scalable and compliance-first stablecoin infrastructure, while its profits are strategically "reinvested" into increasing market share and regulatory leverage. This article will trace Circle's seven-year journey to go public.

Intent System: A Solution to the Complexity of Decentralized Finance? Before the collapse of Luna, I was managing stablecoin yield strategies for a friend who wanted to understand the high interest rates available in January 2020. My friend was not familiar with cryptocurrency and had never performed on-chain operations before. Our collaboration was straightforward: he would deposit funds into a hardware wallet, and we would meet once or twice a week via Zoom, where I would gradually guide him through the operations. We diversify our funds across multiple DeFi protocols on various chains. In a 2-4 hour session, we conduct dozens of transactions, including approvals, transfers, swaps, deposits, claims, and withdrawals. Funds are moved into customized liquidity pools, voting locks, etc., to maximize incentives. We utilize various cross-chain bridges, mainstream decentralized exchanges, yield aggregators, etc., to capture any gains in the cryptocurrency space. This process is quite complex. I need to explain each step in detail.

"If you don't believe me or don't get it, I don't have time to try to convince you, sorry." Satoshi wrote that 15 years ago today. It took some time, but there are hundreds of millions of people that get it now.