Feng Liu

Feng Liu

32,420 Twitter followers

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I built @ChainNewscom & shut it down. Now helping/supporting fearless crypto builders via https://t.co/6vlWPdowYj | 🐈ailurophile🐈‍⬛

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It's interesting to watch the Bitcoin community argue.

me: writes two (one forthcoming) 20k-word exhaustively researched articles on bitcoin's quantum risk, citing literally every academic source there is, all extant quantum research adam: you haven't done the work. you're just making noise on twitter. the only valid way to engage x.com/adam3us/status…

Dr. Dong was thrilled, boasting to everyone he met about Brevis' Pico Prism, which achieved real-time Ethereum proofs on consumer-grade hardware. Using 64 RTX 5090 GPUs, it could complete 99.6% of Ethereum L1 block proofs in under 12 seconds, with 96.8% of these proofs falling below the 10-second benchmark set by the Ethereum Foundation. He couldn't resist comparing it to Succinct's SP1 Hypercube: The SP1 Hypercube previously had a proof coverage of 40.9% with a 36M gas limit, while Prism surpassed that benchmark, significantly reducing the average time from 10.3 seconds to 6.04 seconds. The GPU cost was reduced from $256,000 for the SP1 to $128,000. Dr. Dong, buy me a Coke! twitter.com/fishkiller/status/...

Bridge, the stablecoin issuing arm of Stripe, has filed an application with the Office of the Comptroller of the Currency (OCC) to establish a federal trust bank under the Genius Act. Fun fact: In addition to Bridge, Circle, Paxos, Ripple, and Coinbase have also filed similar applications to establish federal trust banks. —Did I miss any others?

Today, @Stablecoin submitted its application for organizing a national trust bank to the Office of the Comptroller of the Currency (OCC). The charter would allow Bridge to operate under a unified federal framework consistent with the GENIUS Act. Through this bank, we'll provide:

In conjunction with the U.S. Treasury Department's action: - The U.S. Attorney's Office for the Eastern District of New York and the U.S. Department of Justice's National Security Division also filed a civil forfeiture action today against Prince Group for approximately 127,271 bitcoins (currently valued at approximately $15 billion) implicated in the Prince Group scheme. - twitter.com/fishkiller/status/...

Regarding the much-hated "ADL," read this article, which systematically explains why this seemingly unfair and financially detrimental practice is essential to the risk management system of the perpetual contract market. "This is a last resort, a relatively rare situation, as it involves forced liquidation rather than normal settlement." twitter.com/fishkiller/status/...

Yesterday, I quickly recorded a podcast with @mindaoyang, reflecting on our observations and reflections on yesterday morning's "epic" flash crash and margin call. USDE's performance and the issues it caused were naturally a key topic: - We can confirm that Ethena's overall mechanisms are functioning normally; - However, the price of USDE on Binance plummeted due to liquidity issues, triggering a series of events centered around USDE. twitter.com/fishkiller/status/...

Regarding the popular Plasma, I still recommend listening to this podcast recorded two months ago.

2025 年下半年最值得关注的项目、那个被传为「Tether 下场发币做链」的稳定币公链 Plasma @PlasmaFDN 首次接受中文媒体采访，全盘托出未来发展规划，并认真的否认了所谓的「Tether 官方公链」这个说法—— （但是显然人民群众不同意：「说你是你就是，扭捏个啥，闭嘴！」） https://youtube.com/watch?v=8HGN89hbqHM…

Bloomberg reports that Tether is planning to raise $15 billion to $20 billion and sell approximately 3% of its equity. - This fundraising could value Tether at around $500 billion—note, USDT's current market capitalization is around $173 billion, $500 billion vs. $173 billion. So who was previously mocking Circle's market capitalization for once approaching that of its USDC token? ??? - Cantor Fitzgerald, a firm affiliated with U.S. Commerce Secretary Lutnick, served as lead advisor on the deal. Last year, the WSJ reported that Cantor Fitzgerald owned a 5% stake in Tether, then worth $600 million; at the new valuation, the value of these shares has soared to approximately $25 billion—a more than 40-fold increase in a single year.

The story of the stablecoin public chain all belongs to Tether: 1. Paypal invested in the Tether-backed stablecoin public chain Stable (a bit confusing). 2. Tether-backed stablecoin public chain PLASMA plans to launch a stablecoin digital bank, "Plasma One." Plasma One is quite interesting: - It offers 4% cashback on purchases and 10+% returns. -

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