pomelooooo𐤊

[Haipo Yang @yhaiyang]

Dear CoinEx Community,

Today, I am announcing that CoinEx will cease operations and begin an orderly wind-down.

First, what matters most: your assets are safe. CoinEx’s reserve ratio exceeds 100%, and every user asset is fully backed and available for withdrawal. Withdrawals are open starting today and will remain open until December 22, 2026. Certain tokens may take slightly longer to process while funds are moved between cold and hot wallets, but every withdrawal request within the withdrawal period will be honored and processed.

CoinEx officially went live on December 22, 2017. Exactly nine years later, on December 22, 2026, the platform will be formally closed. Nine years is a long time in crypto. Together, we lived through multiple bull and bear cycles, witnessed the rise and fall of countless projects, and watched many of our peers leave the market in one form or another.

After much reflection, I have come to accept a hard truth. CoinEx did not become one of the industry’s leading exchanges, and the security and compliance risks of running a crypto exchange have become increasingly difficult to contain. Revenues can decline, responsibility does not. Carrying unlimited risk for limited revenue is no longer a rational choice. That said, CoinEx has survived nine years in one of the most volatile and unforgiving industries, weathered every storm, and is leaving intact, and with dignity. We may not have won the race, but we are finishing with honor.

On CET: CoinEx will buy back CET at its initial listing price of 0.005 USDT per token, with no cap on quantity. To every CET holder who has supported us over the years, thank you. CET represents your belief in CoinEx and, for many of you, your belief in me personally. I am sorry that we were not able to create the long-term value we once hoped CET would deliver. The least we can do now is bring that chapter to a responsible conclusion.

I did seriously consider selling CoinEx. Ultimately, I decided against it. Users entrusted their assets to CoinEx because they trusted the platform and, in many cases, trusted me personally. I did not feel that handing the platform and that trust to a new owner was the right way to end this journey. A clean ending is the right ending.

Nine years, millions of users. I did not turn CoinEx into the “great” exchange I once hoped it would become. But I can give it a decent ending: making sure users can withdraw their assets in full, giving my employees a dignified farewell, and providing CET holders with a clear and responsible conclusion. This is the best ending I can give CoinEx.

To everyone who traded with us, built with us, and stood by us through the hardest days of this market, thank you. It has been a privilege to walk this road with you.

To the CoinEx team, thank you for building this platform with me, for carrying it across every cycle, and now for seeing it through to the very last day.

For detailed arrangements, please refer to the official announcement: https://t.co/E27wSecpug

Thank you all for nine years of trust.

Haipo Yang
Sept 15, 2026

[pomelooooo𐤊 @pomelopeachking]

@erjinxia 强积金个人和公司缴纳上限1500HKD，哪怕月入10w，一个月也就存3000HKD，交换了也不能确定薪资高低，税务局也只能是知道你有境外薪资收入（如果哪天倒查要求交评税表就可能真的要补税了。。。

[JH @oneforonehaha]

https://t.co/zSxXlMQK2X

[pomelooooo𐤊 @pomelopeachking]

@ShannonHar2140 我的观察，顺当前行情的推文更容易被推流，1号开始反弹以来继续看空或者支持反弹不是反转的推文几乎刷不到😂不过，越是情绪化的暴力拉涨测试阻力位，反而更能证明这还是反弹行情不是反转，继续蹲个跳水点

[pomelooooo𐤊 @pomelopeachking]

@YCCKAS 看推炒币底裤都得亏没哈哈😇😇😇

[pomelooooo𐤊 @pomelopeachking]

@ximihoo1 前两天看到个KOL，推文写的是4w-8w震荡。。。说了跟没说一样

[pomelooooo𐤊 @pomelopeachking]

@Yjm520520 @Alan416993125 如果是再吸筹，那么应该有两个特征：1、缩量；2、高支撑。4小时图看不出缩量，但是无法排除形成高支撑🤔继续等

[Yonatan Sompolinsky @hashdag]

@binance,

Thanks for including me in the top 100 blockchain people list, appreciate the signal!

I must decline the Dubai invite though. I do not wish to disrespect, but many of the award voters are avid kaspians who rooted for my kaspa status at least as much as for my research. Let them win or count me out.

Crypto has turned from a euphoric cypherpunk project to a house-friendly casino. You may not be the culprit, but as a top player you hold the lion’s share of the responsibility to correct this, and the October crash your USDe oracle glitch helped trigger adds to what needs to be addressed.

There are three classes of crypto, as @mert put it recently: commercial crypto, casino crypto, cypherpunk crypto. <<Binance should hold a privilege policy for the latter.>> A TBTF CEX should know better and play a different game with hardcore crypto projects.

When binance lists a green frog three weeks post its “launch” but skips a fair-launched-Nakamoto-Consensus-100ms-upgrade-ATH-top-20-the-only-nonbitcoin-marathon-mined project, this is not merely binance rationally calculating; it is also binance molding the market in a way that is alas misaligned with the roots of the movement.

You may feel that kaspa’s sovereign money thesis is boring – that bitcoin is already money and that implementing an internet-speed bitcoin is useless - fine. Wrong but fine. But what’s the thesis for the green frog?

Money is a classic chicken-and-egg product. It is a scam up until one moment before tipping point, “most of the value comes from the value that others place in it.” Considering your resources and influence, I think it's safe to say you can serve as both the egg and the chicken and make it worth your while to push sound attempts towards tipping point.

@cz_binance tweeted recently that “strong projects will be listed.” But binance is part of what defines "strong", it bears responsibility for the market’s compass and impulse and definition of strong. It is not a read-only entity.

Binance listing fees are legit, they are just unfit for category cypherpunk. Kaspa devs and early supporters fairly mined less than half what satoshi and hals mined. We don’t have a 20% ZEC-style founders’ reward or protocol-enforced dev fund; this is not a jab at ZEC and the wonderful @Zooko, who was crashing in my car on a late Thursday back in the low ZEC MC days – if somebody deserves to win it is zooko – but assuming binance is not taking a maxi bet, it should revisit its relationship with hardcore crypto.

We are here through bull and bear, ICOs NFTs XYZs; and we are the source of confidence that restores faith and capital inflow post meme-induced or CEX-induced crashes.

Please fix this.

Thanks again,
hashdag

cc @michaelsuttonil

Exhibit A: Binance Innovation Zone
Exhibit B: 10 bps Nakamoto Consensus

[pomelooooo𐤊 @pomelopeachking]

这个行情 2号钱包是不是也买不动了 好久没看见大哥从交易所提现了 等待大哥王者归来啊 $kas

[大老师Bugsbunny @octopusycc]

今天是注定悲痛的一天。
我给大家聊一聊为什么山寨币会暴跌。也给从业者，交易所，散户一些掏心掏肺的话。

结论放在开头，这次完全是主动做市商的问题，他们无法充分Hedge的典型。这也会写进金融史，给所有金融从业者警醒。

————

首先我们明确，做市商手里的资金是 有限 的，而有限的资金便会对各个项目有区分 有Tier0 Tier1 Tier2 Tier3 Tier4的 给予的流动性供给是不同的。给予Tier0 Tier1项目最多的资金，而其他Tier2 Tier3的项目，则是顺带着做一做。
而在Jump倒台之后，大量的项目流落到主动MM手里，讲白了，就是很野的做市商，他们缺乏充分对冲的意识，对于尾部对冲可能几乎是没有充分思考的，只考虑寻常行情不考虑极端行情。
所以在Trump确定重搞关税的这一刻，资金不够给所有项目托底了。那么只能保证大项目不出问题。原本给小项目托底的资金，甚至会挪用资金给更大的Tier0 Tier1的项目。
这便会导致，当市场出现庞大卖盘/抛压的时候，做市商根本没有足额的资金摆单，这也就导致没有对手盘，价格便一路清算，如iotx一样，直近归零。
那问题来了，为什么之前没有出现类似的问题？
当前的加密市场 主动做市商垫资的部分趋向于饱和，大量的资金压在大项目上，而今年以来Launch的项目过多，早已超负荷，早已无法充分Hedge，市场也缺乏足够多的衍生品进行流动性补充，以对冲。

————

对市场上各类参与者的话

对于Tier1级别交易所来说，需要制定一些风控体系，来防止主动MM出现这类问题，即使风险转移了，但用户是真实受伤的，对交易所声誉依然有相当的负面影响

对于其他需要和用户做对手盘的其他交易所来说，如何有效尾部对冲，将会是一门必修课，而市场上能做好尾部对冲的二级交易员，屈指可数，这并不流通，这也是巨大的挑战。

对于普通散户来说，多次我说过的全仓合约不能碰，需要有足够清醒的认知，需要对安全边际有额外的考量。今天这一天，也会对所有全仓高杠杆用户进行全面的清算，这是一次对于无知的惩罚，这也必将让更多人意识到，什么是流动性，什么是全仓合约，全仓合约的风险到低有多高

对于从业者来说，如果你的产品是一个交易类产品，必须考虑到极端行情，如同今天的行情，你该怎么办？否则来一次你的产品就宣告死亡了，是保用户，还是保交易所，这是一个没有正确答案的两难

对于MM来说，并不是说，你会画线，你会搞200个账号规避风控，你会看oi看费率爆对手盘，你就牛逼，你的风控体系应当是更重要的事情，没有金刚钻就别揽这个瓷器活
甚至有一个暴论，除了目前市场上头部的几家MM，如Wintermute DWF GSR之流，其他的所谓主动MM，将会被清算，只是多和少的问题。

[加文哥 | Origin Research @UltraGavin]

【重磅预测】比特币本轮周期顶部将在 $125,000 - $130,000 区间形成，随后将开启长达数个季度的急剧下跌。

这不是猜测。我们的结论基于一个七维分析框架，与历史上的顶部派发模式完美吻合。当前市场的狂热情绪，正是顶部形成所需的最后一块拼图。

想看我们做出此判断背后的完整数据和逻辑吗？想知道我们的交易计划吗？一切尽在完整报告中。

#比特币 #BTC价格 #加密货币新闻 #技术分析 #行情更新

[-Zho- @ZHO_ZHO_ZHO]

完整图：

[sukie @sukie234]

有一个很有趣的观点，也是我觉得山寨季会来的观点，那就是美国的普通人财务状况恶化，也就是大家开始变穷了，所以一般这种情况发生政府就会开始放水。

美国的信贷系统是非常透明的，不管你是租房子找工作还是贷款都共享一个信用分。

我个人为了维护这个信用分，每张信用卡我都只花银行给我额度的30%不到，并且都是当月还款，所以我在没有正式工作的情况下，作为一个亚裔学生，也能靠比较高的分数在美国跟白人房东租到比较好的房子。 。。

信用评分公司 VantageScore 发布了一个报告 superprime 群体 90 天+ 逾期同比 +109%，prime 群体 +47%，这是个非常危险的信号。过去通常 subprime（次级）先爆雷，但这次高信用人群也在违约，说明问题不仅是边缘群体，而是 主流中产被高利率压垮。

这代表美国最广大的良民也因为高利率和高关税开始活不下去了，并且沃尔玛这种主打“物美价廉”的零售商在衰退周期往往受益，因为消费层级往下迁移，最近原本去 Target、Whole Foods 的人也开始下沉到沃尔玛。沃尔玛营收亮眼，本质上也是 消费降级的反映。

历史经验可以参考几次危机：
2008 金融危机：信用崩塌 → 美联储极端放水（QE）。
2020 疫情：就业骤停、消费断崖 → 财政和货币双管齐下，直接发钱到户。
2023–2025：如果高利率环境持续导致中产违约潮，美联储可能不得不转向宽松（哪怕通胀没完全下去）。

当老百姓突然手里有现金，或者贷款压力减轻，他们往往会冲击高风险高回报资产。

2020 发钱支票 → Robinhood 散户热潮 → Meme 股（GME、AMC）、Crypto 爆发。

Crypto 中，BTC/ETH 先涨，随后资金外溢到“山寨季”，信用危机导致的放水，最终资产并不会流向优质公司股票或者理财产品，而是投机事业。

[Yonatan Sompolinsky @hashdag]

I'm gonna do 100 block/s with proof-of-work, who's coming?

[Michael Sutton @michaelsuttonil]

My prophecy: Kaspa core will keep researching, budling and delivering. Yonatan will continue to lead it in terms of vision, far-reaching long-term research and short-term endless day-to-day brainstorming. Core R&D will continue to scale and expand to wider and wider circles. Builders and developers will keep joining L2 testnets and build dapps which utilize Kaspa’s inherent superiorities. Kaspa’s marketing will decentralize more and more. There will be no central voice. As part of the many voices, core members will find ways to communicate their vision and nuanced discussions to the broader crypto community. Truthfulness will prevail. Kaspa core will identify with people who actively contribute, build, research and think about Kaspa from the moment they wake up until the moment they fall asleep. Educators, pedagogues and evangelizers will do what they do best and communicate at different levels based on their knowledge and expertise. I will keep researching, thinking, developing and posting about Kaspa and speak as directly, accurately and truthfully as I can. I love you all (not a prophecy). We just started.

[pomelooooo𐤊 @pomelopeachking]

@yoidontknowman 感谢你的分析，我跟你想的一样。原文只是站在了矿工的角度，从供应端分析为什么价格弱势，矿工挖提卖固然令价格承压，但是需求端并没有完全被充分激发。可以预见的是，在kaspa链上有稳定币或者defi上线后，叠加10BPS，可以承载满足大量的交易需求，这才是kaspa的生意和本命要做的事情！

[pomelooooo𐤊 @pomelopeachking]

@yoidontknowman Thank you for your analysis, I share the same thoughts as you. The original text only considered the perspective of the miners, analyzing the weakness in price from the supply side.

[pomelooooo𐤊 @pomelopeachking]

@yoidontknowman It is foreseeable that once stablecoins or DeFi are launched on the Kaspa chain, combined with 10BPS, it will be able to accommodate and satisfy a large volume of transaction demands. This is what Kaspa's business and core mission are all about!

[pomelooooo𐤊 @pomelopeachking]

@yoidontknowman While it's true that miners digging, withdrawing, and selling exert pressure on the price, the demand side has not been fully stimulated.