BITWU
BITWU
Bitwu 星球唯一账号！ x.com/bitwux
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This week bitcoin:native got off to a rough start, but don't worry, there might still be a big move this week!
Because all the macro variables affecting the market are concentrated——
1⃣ Tuesday: US October CPI.
Current expectations show that the market still generally believes there is about a 77%–80% chance the Fed will raise rates by 25 basis points in December.
2⃣ Friday: US October PPI, which will provide more inflation data.
3⃣ There are also 17 Fed speakers scheduled this week.
Crypto is now simultaneously exposed to the cross pressure of interest rates, the dollar, oil prices, and AI tech stock valuations.
It’s predictable that this will be a rollercoaster week!"
What did Vitalik say about why Ethereum is worth existing? What is the main factor for Ethereum's future price increase?
1️⃣ The long-term value of ethereum:native should not rely on fee burning, because burning revenue is cyclical and cannot form a reliable value foundation.
2️⃣ Ethereum's biggest competitive advantages are decentralization, censorship resistance, security, and long-term stability. These core principles should not be sacrificed to increase revenue.
3️⃣ ETH should become a store of value asset in the digital world, building value based on long-term trust and real usage demand, rather than relying on short-term deflation narratives.
Overall, I agree with Vitalik's thinking. When evaluating ETH, we should not only look at fees, burn volume, and deflation rate, but also whether it can become a long-term trusted and held asset. If Ethereum is to become everyone's core financial asset, it must achieve trust and security.
The most frustrating thing right now is that a prosperous Ethereum ecosystem does not necessarily mean ETH will appreciate, because the key is whether the value created by the network can be converted into sustained demand for holding ETH. From this perspective, I agree with Vitalik's approach.
vitalik.eth
Expanding on why I believe "ETH as store of value (SoV)" makes much more sense to focus on than "ETH as fee-burning token".
Three primary reasons:
1. ETH as fee-burning token never was as strong as it seemed
2. Optimizing for ETH as fee-burning token would demand Ethereum and ETH function in ways that are very hard to make compatible with decentralization and capture resistance.
3. Meanwhile, optimizing for ETH as SoV is aligned with Ethereum focusing on its unique strengths (decentralization and CROPS)
EIP-1559 (including its burn) is fine and good, we should keep them. But we should not feel sad if fee burn is < 10% of breakeven indefinitely; the value of ETH comes from elsewhere.
The core idea: the big thing that people appreciate about Ethereum is decentralization and CROPS. The main pragmatic benefit that these things translate into is stability. SoV is the category where that is not an unneeded extra we merely put effort into for ideological reasons, but rather a pragmatic strength from the perspective of people putting in their assets. And in the era of AI disruption, stability will be highly valued.
Crypto assets fell again on Sunday night, with BTC and ETH hitting two-month lows:
Reuters mentioned two concerns: after the US midterm elections, the Congress controlled by the Democratic Party may tighten digital asset regulations; and the ongoing impact on market trust from the previous major security incident at Binance.
Here, three levels need to be distinguished.
Confirmed fact: Prices have clearly declined, with a cumulative net outflow of $1.2817 billion from BTC ETFs over the last five full trading days.
Reasonable inference: Regulatory uncertainty, exchange security issues, and capital outflows may collectively suppress risk appetite.
Let the Bot take a look at the discussions on X about Huang's cheating:
It turns out there is still a big difference in attitude between men and women on this matter:
Most men tend to use the narrative "all men cheat" frequently, with high interaction focused on private morality vs espionage/political persecution; there are also many discussions about assets/divorce settling accounts with NVDA. Various opinions are expressed such as: cheating itself is not a crime, espionage is.
Female-oriented accounts are generally less protective, do not condone cheating, often focusing on honeypots/character collapse, speaking up for the wife; some explicitly say "cheating is wrong, but I won't abandon NVDA because of it."
BITWU
The biggest news today is that Nvidia's Jensen Huang publicly admitted to infidelity!
Timeline (to be confirmed before release)
1️⃣ Around late October: Media first reported his close relationship with Alice Huang (Huang Le), an executive at Singapore data center company Megaspeed; U.S. intelligence suspects she was recruited to gather AI chip-related information. Nvidia previously stated it was normal client interaction.
2️⃣ Around 11/4–11/5: The chairman of the relevant U.S. House committee requested him to give a closed-door briefing around 11/18 (request stage, not a hearing yet).
3️⃣ 11/8 (Sunday, Eastern Time): He sent an all-staff letter, with the key sentence "I was unfaithful to my wife… There is no excuse"; the board announced an independent investigation by independent directors and external lawyers; the company stated "today's news will not slow down Nvidia," and he continues to serve.
4️⃣ The letter also said: He will fully cooperate with the investigation, emphasized his love for the U.S. and national security, and asked the public to respect his family's privacy. The female party's spy identity and whether there was any leak—investigation has no conclusion yet.
5️⃣ Currently, Trump supports Jensen Huang, saying he is a good person and should continue as CEO.
The woman involved is the one below; her temperament, appearance, and talent might easily cause mistakes. Let's watch the follow-up. I think if this doesn't involve national security or politics and is purely a private moral issue, it doesn't seem very serious in American values.
Men's affairs like this are well known; Elon Musk has fathered so many children already.
The biggest news today is that Nvidia's Jensen Huang publicly admitted to infidelity!
Timeline (to be confirmed before release)
1️⃣ Around late October: Media first reported his close relationship with Alice Huang (Huang Le), an executive at Singapore data center company Megaspeed; U.S. intelligence suspects she was recruited to gather AI chip-related information. Nvidia previously stated it was normal client interaction.
2️⃣ Around 11/4–11/5: The chairman of the relevant U.S. House committee requested him to give a closed-door briefing around 11/18 (request stage, not a hearing yet).
3️⃣ 11/8 (Sunday, Eastern Time): He sent an all-staff letter, with the key sentence "I was unfaithful to my wife… There is no excuse"; the board announced an independent investigation by independent directors and external lawyers; the company stated "today's news will not slow down Nvidia," and he continues to serve.
4️⃣ The letter also said: He will fully cooperate with the investigation, emphasized his love for the U.S. and national security, and asked the public to respect his family's privacy. The female party's spy identity and whether there was any leak—investigation has no conclusion yet.
5️⃣ Currently, Trump supports Jensen Huang, saying he is a good person and should continue as CEO.
The woman involved is the one below; her temperament, appearance, and talent might easily cause mistakes. Let's watch the follow-up. I think if this doesn't involve national security or politics and is purely a private moral issue, it doesn't seem very serious in American values.
Men's affairs like this are well known; Elon Musk has fathered so many children already.
A truckload of chips worth over seventy million, still transported discreetly inside a food truck, ended up disappearing along with the truck, the people, and the chips. 😂
It's truly freaking magical!
All I can say is, the only two groups that are always at the forefront of this era and advancing the fastest are:
A hacker.
A mafia.
1️⃣ Binance announced a change of Chief Financial Officer.
He Yi stated that the handover plan has been prepared for about half a year. Since this news follows a major security incident, it is worth attention, but there is no evidence indicating a direct causal relationship between the two.
2️⃣ The US BTC and ETH spot ETFs have continued net outflows over the past five full trading days.
3️⃣ Due to sanctions currently imposed on the MEXC exchange, multiple exchanges have warned against transferring funds from MEXC, as there may be a risk of freezing.
