ABL阿布辣2020

21M Bitcoin. • Individuals – 11,800,000 BTC • Lost – 3,500,000 BTC • Spot ETFs – 1,500,000 BTC • Public Companies – 1,218,000 BTC • Other (exchanges, miners…) – 1,356,000 BTC • Not yet mined – 976,178 BTC • Governments – 650,000 BTC #BTC月线收官：年内最强月份 $BTC

The cryptocurrency world in recent years can be said to have magnified human nature to the extreme. You think you are trading, but in reality, you are battling your own greed, fear, and luck. During a bull market, everyone feels like a genius, every random purchase goes up, and once leverage is applied, the world is yours. Not long ago, there were countless stories about financial freedom, but now it has turned into a reality show of forced liquidations. Huang Licheng, 335 liquidations. You read that right, it's not 3 times, not 35 times, but 335 times. This is no longer trading; this is being repeatedly educated by the market, and every lesson is very expensive. From once making 1.4 billion to now losing 1 billion, the period in between is not called volatility; it's called a plot twist in life. What's even harsher is that the account is left with only 30,000 dollars. The cruelest part of the market has never been whether you will lose, but rather that it will make you believe you won't lose when you are winning a lot. Then you slowly increase your position, amplify your leverage, boost your confidence, and in the end, take everything back in one last go. Many people laugh at such stories, but if you break down the elements of leverage, frequent trading, and emotional highs, it's really just amplifying the mistakes that most retail investors make by 100 times. The market has never lacked geniuses; what it lacks are those who can survive until the end. Some people lose because they can't understand trends, some lose because they can't control risks, but more people lose because they don't know when to stop, which is very similar to day trading in the stock market, where they always believe they will win. 335 liquidations are not just a record. It's more like a reminder that if you don't have risk control, the market will do it for you. What you earn by luck will ultimately be lost by skill. $ETH

ZachXBT accuses the LAB team of manipulating CEX prices and harming retail investors' interests According to PANews on May 7, on-chain investigator ZachXBT claimed that the team behind the token LAB, LABtrade_ and its founder vsadkovv, frequently engage in "pump and dump" style price manipulation on centralized exchanges like Bitget by holding a large amount of tokens centrally. Such behavior occurs almost weekly, damaging the interests of retail investors. ZachXBT said he had privately contacted the parties involved but received no response, and pointed out that the founder posts "philosophical reflections" on social media while simultaneously participating in manipulative trading. He stated that these actions are further undermining the overall credibility of the crypto industry. $LAB #新手成长营

A small step for General Kim, a giant leap for the world $ETH #NorthKoreaEthereumStrategicReserve

Morpho is a DeFi (decentralized finance) lending protocol with the core goal of making the capital matching between "borrowers" and "lenders" more efficient. It is essentially like an on-chain "automated money market + peer-to-peer lending layer." Compared to traditional DeFi lending protocols (such as Aave or Compound), Morpho aims to solve the following problems: • Traditional pool interest rates are inefficient • There is an interest rate spread between borrowing and depositing • Large amounts of capital remain idle in the pools Therefore, Morpho: • Automatically matches borrowers and lenders • Prioritizes P2P (Peer-to-Peer) matching • Falls back to traditional liquidity pools when matching is not possible This results in: • Higher interest rates for depositors • Lower costs for borrowers • Improved capital utilization On which chains does Morpho operate? Currently, Morpho is mainly deployed on: • Ethereum (mainnet) • Base • Arbitrum • Optimism Among them: • Ethereum: largest TVL, highest security • Base: rapid growth in recent years • Arbitrum: mature DeFi ecosystem • Optimism: integrated with the Superchain ecosystem Currently, most of Morpho's ecosystem capital is still concentrated on Ethereum and Base. Why has Morpho been frequently mentioned recently? Because it has grown rapidly in the DeFi lending space in recent years: • TVL (total value locked) has increased significantly • Seen as a competitor to Aave • Clearly benefited from the Base ecosystem explosion • Many yield strategies (Vaults) have started integrating Morpho Additionally: Some institutions and large DeFi funds have also begun regarding Morpho as an "on-chain USD interest rate market." Simply put, you can think of: • Aave → traditional bank capital pool • Morpho → smart matched lending market Morpho's core is not "token issuance" but: improving on-chain capital efficiency. #BTC月线收官：年内最强月份 $MORPHO

From being forced to exit to retaking the helm, Telegram has spent six years returning to the TON home ground. Behind the slogan "Make TON Great Again," Telegram has now grown into a billion-level traffic platform, and TON has gained survival capability. After six years, Telegram retakes control of TON On May 4th, Pavel Durov announced that Telegram will replace the TON Foundation as the main driving force of TON and serve as the largest validator. This major news means TON officially returns to Telegram's control. Looking back to 2020, a lawsuit from the US SEC forced Telegram to press pause on TON. Afterwards, TON was continued by the community and the TON Foundation. In the past two years, Telegram has gradually embedded TON into its own ecosystem through Mini Apps, wallets, and last year established it as the exclusive partner blockchain. Now, Telegram has finally shifted from collaborator to helmsman. In the "Make TON Great Again (MTONGA)" seven-step technical and ecological upgrade plan led by Telegram since April this year, two core upgrades have been advanced so far. First, TON network performance has significantly improved, with processing speed increased about 10 times, block production accelerated by 6 times, and transaction confirmation entering sub-second levels; second, fees have been further compressed to extremely low levels, with each transaction costing only about 0.00039 TON (approximately 0.05 cents), moving towards near free. The latest step still focuses on technical optimization. Durov clearly stated that TON's focus will fully shift to technical advantages, planning to launch a brand-new ton.org website, developer tools, and performance upgrades within the next 2 to 3 weeks, which is the third step of the MTONGA plan. This series of technical accelerations is not surprising. TON's previous network congestion and slow iteration had begun to affect user experience and did not match Telegram's user scale and product ambitions. Rather than waiting for the TON Foundation to advance, it is better to take control personally. Behind the full return, Telegram's multiple considerations In fact, Telegram's return this time is not a sudden impulse. On one hand, the regulatory environment of the crypto market has significantly improved, clearing key obstacles for Telegram's re-entry and providing more development space. On the other hand, Telegram itself has completed the transition from burning money for growth to diversified monetization, with subscriptions, advertising, and other businesses building stable cash flow. In the first half of 2025, its revenue grew 65% year-over-year to $870 million, providing financial confidence for continuous investment in TON. Moreover, Telegram's monthly active users have now exceeded 1 billion, evolving from a simple communication tool into a super platform integrating social, content, commerce, and Web3. Its natural traffic entry and rich application scenarios add more confidence to its push for TON. More importantly, TON has become an important part of Telegram's revenue structure (the exclusive cooperation agreement contributes about $300 million in revenue). However, affected by TON price volatility, Telegram's profit side faces pressure. Especially considering IPO plans and debt pressure, Telegram needs to make TON a more stable and sustainable core revenue engine. Additionally, Telegram's takeover aims to consolidate governance rights and improve decision-making efficiency. By becoming the largest validator, Telegram can better promote protocol upgrades, security, and feature implementation, avoiding uncertainties under foundation-led governance. With Durov's strong return, TON's ecosystem sentiment has been significantly boosted in the short term. Influenced by this, Coingecko data shows TON rose about 26% in the past 24 hours, with a nearly 72.9% increase in the past month. Meanwhile, the TON ecosystem is also warming up, for example, MEME coin's total market cap rose over 34.2% intraday. $TON

The data waiting to be liquidated from both bulls and bears is accumulating. This position leans more towards waiting and lying flat. Waiting for the market to continue to ferment is the optimal solution. There are four reasons: 1. The Federal Reserve has not loosened monetary policy or cut interest rates. 2. The U.S. inflation rate has not decreased. 3. Oil prices remain high. 4. The U.S.-Iran conflict has not yet concluded. Against this backdrop of negative factors, the Nasdaq continues to reach new highs, which is an abnormal market performance. Moreover, the overall macro market performance, including U.S. stocks, Asian stocks, the crypto market, oil, and gold, none of them are declining. Currently, the market shows a clear phenomenon of "strong rise under negative conditions," which is a stage of risk accumulation. First, let's dismantle a common misunderstanding: It is not necessary for "capital to flow out of a certain market" for another side to rise. Often, both occur simultaneously: "net new risk-taking" + leverage expansion will cause prices to rise together. In other words, this money is created through borrowing and collateral, creating an illusion of prosperity out of thin air. Currently, the Buffett Indicator is around 225%–230%, at a historically "extremely high level." The market is in a state of "significantly overvalued." Personally, I align with Buffett's viewpoint, and we are both in a bearish phase. This does not constitute any investment advice; please DYOR. #特朗普护航遇阻：美伊霍尔木兹交火 $BTC

Will ETH rise to $250,000? The latest script from Etherealize! The prediction platform Etherealize makes a stunning claim that it will revise Ethereum's long-term target price to $250,000. While you are still hesitating whether $4,000 is the peak, the whales are already positioning for the future of the "global value network." Is this the end of faith or the perfect trap to lure in buyers? "Deflationary powder keg": Every transaction is burning your poverty. Etherealize points out that with the Layer 2 explosion and the ongoing burn from EIP-1559, ETH is experiencing the strongest supply contraction in history. As demand surges due to global asset tokenization, the supply is shrinking. This is a textbook-level "supply shock" and the core driving force behind the $250,000 prediction. From "king of altcoins" to "global settlement layer": Why $250,000? Because when all real estate, bonds, and even national debts are settled on Ethereum, ETH will no longer just be a token but the "oil" and "collateral" of the digital world. Etherealize believes that Ethereum will absorb liquidity from traditional financial markets and become an irreplaceable underlying infrastructure. Behind the $250,000: Is it a dream or a "liquidity illusion"? Such extreme predictions are often tools used by whales to create "long-term faith." When retail investors focus on the grand prospect of $250,000, they often overlook the short-term violent pullbacks and liquidations. Remember: Whales will change hands multiple times on the way to $250,000, while retail investors who FOMO into these news stories often won't make it to that day. Have faith, but don't get "locked in" by the numbers. $250,000 sounds beautiful, but the road to get there is filled with harvesting traps set by the whales. Understand the logic behind the predictions: Asset tokenization is a real trend, but wave harvesting is a real reality. In this grand narrative, holding on and not using high leverage is your only ticket to the "digital vault." Interactive question: Do you believe ETH can reach $250,000? If it comes true, what is the first thing you want to do? $ETH

🐋 Whale Watch: Institutional giants swallowed 50,351+ $BTC in the first quarter. This is the largest quarterly purchase in history. Their current Bitcoin supply growth rate is 2.8 times the new mining output. While retail investors are busy panic-selling 62,000 BTC, smart investors are quietly building a bottom that could shake history. Supply shocks are no longer theoretical, but a new reality. $BTC

Brothers, do you remember yesterday's picture storytelling? The script murder went up and down, right? In the short term, it fell below the 79,000 mark, breaking the bulls. Then it surged back to 81,000, breaking the bears. Isn't that what happened?

TON Coin (Toncoin) is the native token of the Telegram ecosystem. Main advantages: 1. Catchain 2.0 major upgrade (April 2026) Block time significantly reduced to 400ms (originally about 2.5 seconds) Confirmation time close to 1 second, overall speed increased by 6-10 times. The transaction experience is nearly instant, as smooth as sending a message. This is one of the largest technical upgrades for TON in recent years, which has driven a short-term price increase (such as a rise of over 5% at one point). 2. Significantly reduced transaction fees Transfer costs reduced to extremely low levels (about 0.00039 TON or nearly zero) suitable for micro-payments and large-scale use of Telegram Mini Apps. This directly enhances the practicality of TON as a payment medium, especially for Telegram's 950 million+ users. 3. Deep integration with Telegram Telegram has become the largest validator of TON, staking 2.2 million TON, directly participating in network security and governance. Pavel Durov personally promotes the "Make TON Great Again" roadmap, which includes more integrations (such as ad revenue sharing, wallet upgrades). Features like AI Agentic Wallets make payments more automated. 4. Ecosystem adoption and data growth Telegram Mini Apps, games, payments, and other applications continue to drive on-chain activity. At certain times, daily active addresses exceeded one million, and the meme coin ecosystem has also seen explosive growth (such as several recent short-term surges in TON memes). Collaborations with Rakuten Wallet and others expand RWA (real-world asset) and stablecoin applications. 5. Long-term price predictions are optimistic In 2026, several institutions/analysts predict an average price ranging from a few dollars to over 10 USD (depending on the speed of adoption). In an optimistic scenario, if Telegram users convert on a large scale, TON is expected to challenge new highs. This does not constitute any investment advice, please DYOR.