名风

内幕者 - 研究员 投资人 创业者 韭菜 都是我 期待牛市，怀疑牛市，恐惧牛市，身处牛市，弄潮牛市，你我皆在其中。所有推文均为个人观点，不作为投资建议

[名风 @0xwindming]

牛市中，只有iq50 和 iq 200的人可以赚钱。
crypto中的注意力才是直接生产力，而不是简单的产品。

[名风 @0xwindming]

怎么都2026年还有这种人？
是真的坏还是真的蠢？光我知道的头部的中文KOL 就有大概5-10个都投了 Entropy，你还说没有KOL轮？搞笑吧。你要是硬洗不是KOL轮而是作为投资人早期投了，那我也没招了。

这边建议X出一个利益相关的审查吧，不然tmd全是广子或者暗地里投了结果又说利益不相关。
知道coinbase上币的时候都要披露利益相关方么？
知道这些头部的perpdex每次融资都会留一部分给头部trader 类型KOL让他们喊单么？
不是说不准，而是你要做好披露，不能一边让散户冲，又不做好风险披露。
自己看看Binance和Coinbase开户的时候，会明确告知你的所有投资都有可能归零。而不是告诉你这个币能涨10000倍赶紧来玩。

要是1%的概率你是真的不知道，那不如还是增加一下自己的认知和圈层，被别人当枪使还不知道。不过我感觉大概率也至于吧

[yourQuantGuy @yourQuantGuy]

[ 冷静地聊一聊 @entropyIO ]

我觉得这件事很有意思，一边是一堆KOL在推 Entropy，包括我自己。另一边则是一群人在那阴谋论说KOL一人5万u的KOL轮、付费宣发，拉黑项目。

我作为一个为数不多的有 tier 4 邀请码的人，据我所知，我身边的人没有一个人收到了所谓的KOL轮，也没有付费宣发。

那为什么一群KOL不约而同地在聊 entropy 呢？

1. 市场太饥渴了。
你能说出一个2026年的让人兴奋的新项目吗？反正我是一个都没想到。那为什么 entropy 让人兴奋呢？
从长期来看，ribbit 领投 $1400万，团队专业背景，有空投预期，甚至有“替tradexyz发空投”的这种说法，未来预期拉满了，现在找不到第二个类似的新项目。

2. Roger @HassnHh30961 的影响力。
从 Lighter 开始我就和 Roger 一直有交流，包括很多大户和KOL都在Lighter的时候就和Roger有合作，最后Lighter空投的大结果大家也都知道。这次 Roger 也参与了 entropy，嗅觉灵敏的大家一下子就跟上了。

3. 套利套麻了。
entropy 现在直接补贴手续费拉新，我的 tier 4 邀请码手续费全免，直接把entropy当成lighter来用，各种套利玩法。（我平均日化 0.5% 跑了快一周了，过去二十四小时8万u本金盈利680u 🤫 现在币圈撸毛人是真的在撸毛了。

4. 邀请链接背后潜在的积分奖励。
对于大多数KOL来说，entropy的潜在积分奖励远远大于反佣。entropy的吃单手续费只有0.008%，什么概念？被邀请人交易1000万只有800u手续费，即使是最高级 tier 4，也只能拿到50%，也就是400u的反佣。更何况大多数KOL，包括我，都是额外手动返现的，100%反佣到被邀请者手里。

那为什么会有另一边在唱衰/拉黑entropy的人呢？
我不是他们，我不知道。但我能理解为什么会有人一看到一大群kol的集中宣发就ptsd：币圈确实乱，99%的人都曾经受过这样那样的伤。

但更大胆地说，我认为主要原因还是：
1. 不是这个赛道的，完全不了解hyperliquid/tradexyz，甚至不了解 lighter
2. 自己没有足够投研和学习能力，不了解用了tier 4邀请码后“零手续费”的意义

我在我的tg群里也鼓励大家不要无脑亏损刷。现在的手续费补贴是一个很好的机会，如果你说你不懂套利，不懂代码，那也没关系，接受你就是赚不到这个钱，比如我就是接受我永远赚不到炒币的钱。别人炒币一晚上翻倍，我得15%年化理财5年。

或者，你也可以努力一点，投研，学习，抓住机会。我的群里不少人都是在去年的这个时候开始刷perpdex，对套利一窍不通，只会秒开关刷交易量。最后有没有被反撸我不知道，但现在有不止一个人已经可以在套利盈利的基础上刷交易量了，又吃又拿。

套利并不是没有门槛，但我想在这时候来fud entropy的人，大多应该是完全没有尝试过，对套利也完全没有一点点理解的，否则一看到手续费全反，就会有触电的感觉。

总结就是，客观的来说，不管entropy最终能不能成为 the next big thing，从短期和长期来说，都是一个很好的机会。主观的来说，个人要不要尝试抓住/有没有能力抓住这个机会，是个人自己的事了。

提前感谢用我tier 4邀请码的朋友们。
https://t.co/e1rAQFXCjJ

[名风 @0xwindming]

币圈最近瓜可太多了。

1.Gate用户 第一美少女 @jheioff 被盗约170万美元事件

核心冲突: @jheioff 称未做任何验证在 Gate 交易所资产被提空; Gate 称全程多重验证通过（活体人脸+支付宝录屏等），判断用户侧泄露/设备被控; 后续立案后第一美少女指责 Gate 拖延办案、通过假KYC材料. Gate 指控办案单位泄密,用户描述不实.

Gate @Gate @Gate_zh 公关真不行

2.BitMart @BitMartExchange 关停 + Tina @tina_nexus 被指是 Bitmart 老板小三/合约负责人

事件核心：7月26日BitMart官方宣布将有序关停BitMart交易所. 公告发生后该交易所出现提现无限期延迟和平台币 BMX 暴跌；全球CEO称被解雇不知情；社区爆料Amy（新合约负责人）实为之前在OKX和Bybit均有任职的Tina，BitMart 前员工出面实锤，Tina否认.

小三在交易所难道不应该旺交易所么？ 参考@heyibinance @cz_binance @star_okx

不过bitmart 这么多年做美国交易所也挺不容易

3.AscendEX关停 @AscendEX_

细节核心：7月1日停止运营（无MiCA牌照+战略融资失败导致流动性问题）；自动化提现暂停改人工审核，无法保证时间/金额；ZachXBT此前警告该交易所热钱包已耗尽

大老板在nyc挺牛逼的，还有纽约豪宅大平层。之前还和一个B某CEX的高管谈恋爱呢，看起来现在是凉了

4.BitMEX关停 @BitMEX

7月23日 BitMEX 官方宣布9月23日04:00 UTC关闭（战略审查）；立即停新注册；8月26日起只减仓；强制平仓；资产可继续提，但未提完收月费.

时代的眼泪，respect

5. Meta Era 内部撕逼 @MetaEraCN
说实话没看懂，我还以为这公司没融资呢。主要news media在币圈被证伪了，也没人care

[名风 @0xwindming]

国产模型Kimi @Kimi_Moonshot 被爆抄袭。
内部宣扬 Go big or go home
用户数不暴涨10倍，怎么把最后一轮preipo 500亿美金估值融完呢？
所以@AnthropicAI @OpenAI 进行了技术革新，最后直接中国公司抄袭哈哈哈哈
没想到吧，互联网时代就能抄，现在你大爷还是你大爷

[名风 @0xwindming]

理想至上

[vitalik.eth @VitalikButerin]

Some of my perspective on where the @ethereumfndn is going.

First of all, this is only my own view. The board is not just me, and I have no extra special powers on the board that the other board members do not. @aerugoettinea is the one executing much of this transition. My input has been largely on technical questions. The board is in the process of expanding, and my own power within the org will continue to decrease, which is honestly what I want.

The 2025 era brought many important improvements to EF and its ability to execute. Many issues were resolved, and EF continues to benefit from its improved efficiency and greater focus on concrete goals to this day. And so with those problems resolved, early this year, the largest remaining hole that I perceived was something different nagging at me: I would regularly spot people saying things like "vitalik says these beautiful things about ethereum needing to be decentralized, and have privacy, and be a sanctuary technology, but why do the EF's actions not reflect that?"

Now, you may have been hearing something different. You may not have been sensing a feeling of crisis at all, and maybe were hearing people saying that finally we were taking execution and BD seriously and the main task for us is to keep going that way and be even better and faster. Then probably there is genuine difference between you and me, in what kinds of criticism I take most seriously, and what kinds of critics through their criticism are most able to make me feel pain.

As an analogy, let's briefly switch over to a different domain.

One belief you can have about Google is that it is a success story, and has brought a lot of good to humanity in organizing the world's information. Another belief you can have about Google is that they had a beautiful idealistic beginning, but at some point the corruption of mainstream corporate attitudes seeped in, and they slowly bit by bit completely abandoned the "don't be evil" slogan.

My belief on Google specifically is probably somewhere between the two. BUT, if you had taken me back in time to ~2008, and offered me a button to press to make Google one or two standard deviations more "dogmatic", eg. give Richard Stallman permanent veto power over some key policies, I would immediately press it.

Why? Because a choice for one company is not a choice for the world, or even one country. Google existed and exists in the context of a technology industry generally drifting away from early idealistic don't-be-evil roots and toward greed for financial gain, totalizing visions of accelerated superintelligence, infiltration by sociopaths, and craven capitulation to (or worse, active participation in) government pressure for ideological control, surveillance and war. And so *one company* doing something different, positioning itself to be what George Bernard Shaw calls the Unreasonable Man, resisting the trend of the times, would have been better for freedom, balance of power and stability of society as a whole, than *all* large companies bending to dominant trends. This is a part of my version of pluralism.

This line of thinking is not just mine, but I also is not too far off from what Aya and others had in mind with the Mandate.

Now how does this all get to the role of the EF?

EF is not a "center of Ethereum", rather EF is "one node, with a defined purpose, alongside other nodes". We've always said that the EF should be the latter, but many in the Ethereum ecosystem (and even within the EF) wanted us to be the former. Now, we are taking action to ensure that we will be the latter.

This is particularly important because EF is a limited organization, with limited resources and limited organizational capacity. The EF has only ~0.16% of all ETH (less than many other individual ETH holders), whereas among other blockchains it's common for "the central foundation" to have 10-50%. Fiscally, the EF was originally designed to fulfill a limited work scope defined in the token sale docs and other pre-launch materials (building the chain software; getting through Frontier, Homestead, Metropolis, Serenity), which was fully completed in 2022; it was not designed to be an eternal steward.

And so today, the EF is choosing to use its remaining resources to pursue longevity over breadth (yes, this means we sell less ETH). The EF focuses *specifically* on those activities critical to the success of ethereum as a censorship/capture-resistant, open, private and secure system, that would not happen otherwise. This means making hard choices, and in some cases even activities that we highly approve of and people that we highly respect becoming outside of the EF. People of great technical talent, public respect and even alignment with the mission and CROPS being outside of the EF is in fact necessary if we want important tasks to be able to attract outside capital. This also means the EF taking opinionated stands culturally.

This is all intended in cooperation with all other parts of ethereum. We recognize that many other parts of the ethereum world highly respect CROPS and related values. But highly respecting is not the same as choosing to specialize and totally dedicate to a domain (Compare in a different domain: I think reducing animal cruelty is important, and I like vegan food, but am not full unconditional vegan myself)

EF is still in a transition period, and we expect its new long-term form to stabilize over the next few months. What are the guiding principles of this new form? Again, I am only one person, but I can give my answer from a technical perspective (there are also critical non-technical aspects).

At the core, *Ethereum must be impressive*. We are living in an age of highly intelligent AI and all kinds of other technological acceleration. "Status quo EVM, with a hard fork or two a year to optimize for short-term needs of users" is not interesting.

To some, "impressive" means: 250ms latency and 1M TPS. I think Ethereum trying to go that route is a mistake. Being as fast and as scalable as possible, and only a small epsilon more decentralized than the others, is a route to mediocrity, and if we try it we will lose.

I think Ethereum should scale. But I think Ethereum should strive the hardest to be deeply impressive in a different dimension: the CROPS dimension. This means things like:

* Provably bug-free Ethereum. This is a goal that all cybersecurity researchers would have thought is absurd and impossible, up until roughly 6 months ago. Now, it's on the cusp of being possible, thanks to AI-assisted formal verification. So we should be frontrunners in doing this.

* Available chain consensus. Ethereum is, and with lean consensus will cotninue to be, the ONLY chain that has both (i) traditional-BFT style properties that it's safe under asynchrony up to a high level of fault tolerance, and (ii) the bitcoin PoW-style property that under synchrony it's safe up to 49% attackers. As far as I can tell, literally no other chain has this or is planning for it; bitcoin goes for (ii) only and most other chains go for (i) only. Some will remember I fought hard for this, Unreasonably insisting that it is not OK for ethereum to rely on social consensus and hard forks to rescue ethereum from 34% of nodes going offline. It's OK for chains like hyperledger, bnb, solana, tempo, etc. It's not OK for bitcoin or ethereum or eg. zcash.

* Intermediary minimization. The fact that smart contract wallets, protocols like railgun, etc have to send transactions through intermediaries to get included onchain is honestly embarrassing, and it's a constant point of fragility. Hence the work on FOCIL and EIP-8141 (and 7701 and years of work before) to make transaction sending intermediary-minimized with public mempool and strong inclusion properties, in a truly general-purpose way, that covers not just eg. secp256r1, but also privacy protocols and much more. Kohaku is pushing intermediary minimization at the user layer, pulling Ethereum away from the dystopian status quo world where our wallets don't even verify the chain, send our private data out to a dozen third-party servers, and toward a brighter CROPS future.

Some of these goals are Unreasonable - maybe Ethereum would be "fine" getting only 50% of the way - what if we depend on intermediaries, but make it easy to switch? But going 50% of the way would not make Ethereum Deeply Impressive in the CROPS way. So we push for 100%.

Fortunately all these goals are compatible with high TPS, this is a major focus of research (esp. on scaling the state). Well-designed L2s can also help, especially L2s optimized for specific applications (eg. high-volume trading, privacy...). These goals are even compatible with significantly lower slot times, thanks to Raul's work on erasure-coded P2P, and many other optimizations.

The most high-value "product" of the ethereum blockchain, financially speaking, is ETH the asset. Ethereum secures $250 billion of ETH. The types of properties of Ethereum that I mentioned above are very good for ETH the asset. Nearly 90% of my net worth is in ETH, and most of the remainder is ~$40m of onchain fiat of which every dollar has already been allocated for some open-source biotech or software or hardware initiative. That said, there are aspects of supporting ETH the asset - *necessary* aspects even - that are outside the scope of the EF. This is where we need other heroes (some of whom hold more ETH than the EF does) to step in and help. EF has been recently thinking more about how it will relate to other such organizations, and give them needed initial support.

EF will be a smaller ship than in previous years, a more opinionated one - in some cases more opinionated in ways that might be difficult to comprehend - but a longer-lasting one, and one suited to making sure that ethereum brings something meaningful to the world. We are grateful to all those inside and outside the EF who are helping to make this happen.

[名风 @0xwindming]

这个craft agent是什么垃圾? @craftdocs @balintorosz

我用它来写follow-up的邮件，结果它居然不经过我同意直接就发了；

而且链接gmail的时候做的很卡很慢；并且发邮件的格式都是错的。

傻逼产品，别做了 fuc* you, stupid founder @balintorosz suck my dic* with your shit product

[名风 @0xwindming]

@dajingou1 @0x_ZackH 洗洗你的脑子吧。我进圈的时候估计你连vpn是啥都还不知道呢

[名风 @0xwindming]

@dajingou1 @wquguru @cryptobraveHQ @nofxai @nofx_official @Web3Tinkle 建议这边先给我说下你要不要吃屎，顺便@一下zack， 我非常确定他肯定乐意在看到你给出吃屎承诺之后拿出录音，到时候别删推哦

[名风 @0xwindming]

@dajingou1 @wquguru @cryptobraveHQ @nofxai @nofx_official @Web3Tinkle 你不会是tinkle本人吧，不然咋这么喜欢舔他jb啊？
我说的证据是一个不回，剽窃idea的事实也不敢回。
btw，我也不是zack本人哦，毕竟人家也不认识我

[名风 @0xwindming]

就问你放出来你吃不吃屎，不然你以为你谁啊我要听你的，老子想爆料就爆，不信就过2-3个月看法院传票和进展就行了，瞎jb乱喷。自己没信息不是insider就看别人信息就好了，你写一首歌喷coai自诩站在正义一方，现在看到可能自己站的tinkle也要成为那个所谓的被维权的骗子，不知道你是不是会有点羞耻呢？
不过我觉得大概率不会，毕竟没证据的喷子会自我感动然后合理化自己的行为。对你而言反正就是删推当鸵鸟罢了

[名风 @0xwindming]

@dajingou1 @wquguru @cryptobraveHQ @nofxai @nofx_official @Web3Tinkle 你又有什么本事？又不是我的公司我被合伙人吃里扒外，我只是打抱不平。没有别人原主同意我凭啥给你录音？给你让你好去舔tinkle的jb么？傻逼

[名风 @0xwindming]

@Yuanshan0626 @cryptobraveHQ @Web3Tinkle @nofxai @nofx_official 毕竟不如某开源社区一直不看证据只号召

[名风 @0xwindming]

@BybitCard @cryptobraveHQ @Web3Tinkle @nofxai @nofx_official 笑死，听了录音你就知道到底谁是舔狗了，别自己不是圈子里的听不到录音就乱喷，拿出来你要真的死么。开源社区那为何tinkle要同意成立公司呢？别人把刀架他脖子上要求他成立的呢？公司存在是一个大家都可以查到的铁证

[名风 @0xwindming]

@dajingou1 那证据拿出来是不是要删推啊，我很期待zack到时候给证据出来之后我让你吃屎你吃不吃呢

[名风 @0xwindming]

补充：我说的有两个录音，一个是amber内部人想敲诈要回扣的录音，这个我听过了。
一个是tinkle想踢走zack的证据，证明他知晓回扣这个事情想绕过zack，这个事情的证据有录音但是不确定有没有聊天记录

2 为何有“据我所知”是因为我只听了几个相关方的一面之辞，我并没有直接认识tinkle，但是我也从别人那边听了他的一些事情。这句话本身并不改变point 4/5我听到和看到了一部分证据的事实。

3 这个股份文件是公开的，不会英语没法自己去新加坡公司官网查的傻逼都去查或者问gpt，别来秀你的智商。
小学生文凭来用vpn在国内上网真是委屈你了。50%equity就是白纸黑字写的清清楚楚。

4 再有傻逼来扯idea 不重要 技术实现落地最重要，那就是纯粹罔顾事实了。
这个项目本身就是技术不咋地，但是idea和社区做的很好所以起来的。一个才2-3个月的项目，你的技术实现能有多牛逼啊？
你这么牛逼咋不自己想出来呢？而且如果不重要请问你为何要答应并且真的给了50%equity？那为何不是zack 觉得你技术还可以所以给了你50%equity呢？ who knows？
别tmd扯你技术多牛？老子一堆朋友在meta google的都认可现在vibe coding就是正在取代低级工程师，再过10年你看看是不是大家纯粹vibe coding就可以出活，怎么会有这种信奉技术却不信守公司法的傻逼啊

[名风 @0xwindming]

来爆个nofx的猛料
@nofxai @nofx_official
1 这个创始人 @Web3Tinkle 可能根本不是这个商业化idea的提出者，他只是技术开源社区的提出者。真正把这个火的idea提出的是zack
2 这也是为何zack有推特的权限和其他人没有，因为创始之初就是他做的。
（一般而言，startup的推特就是founder自己买的或者创立的，当然其他人拿不回来）
3 这也是为何zack拥有50%的股权，而且tinkle同意了。别跟我扯你不懂商业化，所以被zack坑蒙拐骗了。公司设立的法定文件是白纸黑字写了的，这可不是乱说的，还是说你家猫碰巧碰到了这份文件在你的邮箱里碰巧在那天zack发文件给你的时候碰巧把它点开了然后碰巧签了字然后碰巧打了字回复了他们还碰巧配合了好几次。
4 核心 ‼️ amber 里面负责投资这个deal的一个人，看到了这个项目的潜力，私下直接和zack聊投资之后想要回扣，zack作为清华大学的自然严辞拒绝，因为要得实在是太多了。然后这个人直接找了tinkle，想要跳过zack踢走它然后找tinkle直接做nofx，而这个tinkle因为觉得zack不就是提供了idea和介绍了amber么？我才是主角啊，自己觉得自己能行，这才导致了这个drama
5证据核心 ☎️：据我所知zack手里是有amber的人要额外回扣的录音铁证的，并且此事amber高管已经知晓并且亲自和zack道歉了。而tinkle本人也是知晓这个回扣的事情但是居然想踢走zack来做。并且也是被拿到了铁证，不知道是聊天记录还是录音记录。
6 我还是奉劝 @Web3Tinkle 少立人设，连amber @ambergroup_io 内部高管都给zack亲自道歉了，这个事情就是那个内部吃回扣的让你以为zack不重要所以你可以自己做这个项目。然而商业逻辑上，没有zack的脑子想到这个idea+他本身清华和在amber内部实习来内部创业获得amber支持，你本身的能力能想到这个idea和拿到amber背书么？
并不是说amber多牛逼，而是你能不能拿到。更何况你和zack是在同一个公司下的合伙人，这个股份是受到法律保护的。你不value自己签字的合同和说过的话，利欲熏心吃里扒外，真不愧是打着开源社区的大旗白嫖一众程序员的老狗。
7 以上 4和5是我验证过了，不如tinkle来回应一下吧，当然我相信你死不认账的话，最后zack会在律师的指导下公布一部分文件的。祝你之后所有项目都死呢

[WquGuru @wquguru]

https://t.co/ZachNrb7zP

[名风 @0xwindming]

请问你家实习生能和你一起上公司的cap table拥有公司50%的股份么？请问tinkle是傻逼么和zack成立一个公司给50%股份？他负责技术他就是创始人？创始人是指谁提出了这个idea，不是谁去实现的。张三李四王麻子ai现在都可以做技术实现，没有你也有别人来写代码。请问技术落地，没有这个idea你的技术管用么？现在是有vibe coding的，到后面技术真的你有ai强么？
稍微懂点公司治理，你知不知道早期公司成立的时候，都是founder自己搞推特，自己搞融资怎么连amber都谈不下来呢？
我是看过证据的，tinkle就是吃里扒外啊，别否认50%股份事实和录音证据事实

[名风 @0xwindming]

诈捐女王 被锤爆了 @Elizabethofyou

[加密橘子🍊cryporange @cryp_orange]

你以为伊丽莎白是在补救
其实是因为她怕坐牢

我这边有消息
香港有人联系了内部和警方
相关审计的工作很多，也有其他在hk假捐的，一开始没空理她
第一天就有传统的人知道这个事了
随着发酵和被开盒

在网络知道一个个体绝对不是透明的
你发的一条网络信息
其实可以精确追踪到
你是用什么设备uid、什么网络、什么网关ip
几时几分在哪个信号基站附近

她是真的怕了
而不是良心发现。