Suppose Xiao Ming bought a house at the beginning of 21 with a price of 2 million. The down payment was 30%, which is 600,000, and the loan was 1.4 million. With a 5% mortgage rate, using equal principal and interest payments, the monthly payment is 7,515 yuan * 12 = 90,180 yuan.
After 5 years, the house price has halved to 1 million. Xiao Ming is unable to continue payments and defaults. Total expenditure includes 600,000 down payment + 450,000 in monthly payments + miscellaneous fees, totaling approximately 1 million.
The bank lent out 1.4 million, recovered 450,000, and auctioned the house

"Circle Officially Obtains Banking License, the First Stablecoin Bank in Human History!"
This is a historic moment.
CIRCLE has transformed from a tech company into a U.S. financial infrastructure!
Holding USDC is as secure as holding USD.
Institutions, pension funds, and interbank transactions will all equate USDC to USD.
This is the first stablecoin bank in human history.
Here's a brief explanation to help everyone understand:
1. What is OCC?
Office of the Comptroller of the Currency, the U.S. Office of the Comptroller of the Currency.
It is one of the "highest regulatory authorities" in the

Those who can understand $crcl should have two characteristics:
1. Proficient in the crypto world, with investment returns ranking at the top in the crypto space
2. Skilled in US stocks, with sound investment logic
If someone is an expert in US stocks but unfamiliar with the crypto world, their opinion on CRCL can be disregarded; if someone is a crypto expert but has not ventured into the stock market, their opinion on CRCL may also be average.
This is not about inciting controversy, but about thinking from a common sense perspective.

IBKR supports stablecoin deposits, not only USDC but also USDT, as USDT will be converted to USD through a compliant third party before trading.
The true growth of USDC mainly comes from:
1️⃣ Institutional-grade funds "on balance sheet"
Public companies
FinTech (Stripe, PayPal-like)
Banks' on-chain settlement accounts
👉 Only USDC qualifies
2️⃣ RWA / On-chain securities / T+0 settlement
DTCC
Tokenized Treasury
On-chain stocks, funds
👉 Only USDC qualifies
3️⃣ Payments & Merchant Systems
Shopify
Uber
Cross-border B2B
👉 Mainly USDC qualifies
4️⃣ "Legal stablecoins" after stablecoin legislation

In a few years, people will be able to buy all high-quality US stock assets on the chain, which will be a blow to the current altcoins and the entire crypto ecosystem.
Embrace change and start adapting early.

I think people should strive to continuously improve themselves in all aspects.
But it's strange. Most people don't have this desire. And I don't know what causes this difference.
Getting better should be a joyful thing, right? However, one must accept that improvement is slow, and also accept that everyone has their own flaws.

In a few years, people will be able to buy all high-quality US stocks on-chain, which will be a huge blow to the current rural areas and the entire system's gameplay.
Embrace change and start adapting early.

"Today's Selected Articles"
CRCL Special
Duan Yongping and Wang Shi's Ten-Thousand-Word Interview
E Liquidity Continues to Be Bullish on ETH
The Future of US Stock Tokenization Has Arrived
Squats Are Beneficial for That
Dayu Investment Memo: Discussing DTCC, US Stocks on the Blockchain, and More.

Duan Yongping said that if he were to go back to the state of graduating from university with nothing now, he might pursue a few directions:
First, teach others for the college entrance exam. He said that even in difficult times, he managed to pass, and by charging others to teach, if they didn't pass, he would refund the money, believing he could survive.
Second, find a company and a boss he likes, work hard, and hope to be entrusted with important tasks. (This plan is excellent, enjoyable to do, and he can learn from the strong.)
He said that there are more opportunities now.

The first rule to becoming a master investor is to demystify.
In any investment or speculation, you can only trust yourself and must trust yourself.
Demystifying is the greatest form of independent thinking. The most dangerous thing is believing the judgment of giants who seem much more impressive than you on the surface, such as Buffett saying Bitcoin is garbage, which doesn't prevent someone else from making a fortune.
The essence of independent thinking is to trust yourself. Of course, listen to others, but only trust yourself.

There are two types of top-tier marketing, with a hierarchy:
Type 1: Skill, sophisticated communication
Depends on timing, narrative perspective, emotional value provision, etc., packaging it to be "heart-touching."
Type 2: Dao, broad reach
No need for packaging; the product itself is advertising. Marketers are also product creators, precisely reaching demands, objectively presenting the product, and ensuring widespread outreach.
Top CEOs focus on products, understand marketing but don't need low-level marketing: like Elon Musk.

DTCC announces that its subsidiary DTC has received a no-action letter from the SEC, which is indeed a major event and aligns with the previous two-year effort by Arkins to bring US stocks onto the blockchain.
The general content of this no-action letter includes: bringing the top 1000 US stocks onto the blockchain, highlighting high liquidity on the chain, which will introduce completely new possibilities.
Some crypto enthusiasts mistakenly believe that US stock on-chain is just a game for the crypto circle after going on-chain, which is absurd. The small ponds of trash coins in the crypto wo

In 2008, Peter Thiel's $20 million investment in Musk's rocket is now worth $70 billion.
This is much more than what Dogecoin earned...

An old song from five years ago, only 76 plays, but I think it's beautiful. Sharing it.
I loved a flower once
Back then I wasn't grown up yet
I took it home
Placed it on my west-facing windowsill
Outside was a blood-red sunset
And falling leaves singing in the wind
That was an autumn song
Sung to my springtime flower
Until it quietly died
I buried all my sadness in my heart
I began to wander like the wind
Started singing like falling leaves