Rocky

Rocky

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Long term investor #BTC #TAO #SOL| MeMe Professional Data Player | Crypto since 2017 | Not financial advice, DYOR🙏

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With the Fed rate cut imminent, the market is incredibly volatile! The 10-year US Treasury yield has risen even higher than before the rate cut was anticipated! Japanese long-term government bond yields also remain stubbornly high. What's going on? Tonight's market is destined for a bloodbath. Be prepared for huge fluctuations, quickly reduce leverage, and absolutely avoid high leverage! 🧐 twitter.com/Rocky_Bitcoin/stat...

Just finished watching the interview with @jayendra_jog, founder of @Sei_Labs. It was truly inspiring and incredibly engaging, with crystal-clear logic and a penetrating understanding of #Web3. We've translated parts of the interview into Chinese for everyone to study! 🧐 Jayendra Jog is a typical "Bay Area tech guy." He went to high school in California, a place where everyone was focused on getting into Stanford and MIT. He went to UCLA to study computer science, interned at Facebook and Pinterest, and finally plunged into Robinhood, working on the most arduous but crucial backend systems: KYC, clearing, and securities lending, laying a solid foundation in underlying financial technologies. In 2021, the GameStop incident rocked the market. Retail investors were frantically buying GME through Robinhood, only to have the platform suddenly restrict trading. Jayendra was on the system's backend at the time, witnessing the server constantly sending alerts, regulatory calls pouring in, and users unleashing a torrent of anger. At that moment, Jayendra suddenly realized: the existing financial system is fundamentally not designed for ordinary people. It may appear efficient, but once centralized institutions hold the reins of power, ordinary people don't even have the freedom to buy and sell. After that, he began to ask himself: Can we build a truly open, fast, and user-friendly trading infrastructure? Not just about changing a token and telling a story, but about making the underlying trading engine extremely fast and stable, like building a road. So in 2022, Jayendra and his partner Jeff Feng (another geek from the traditional finance and technology circles) co-founded @Sei_Labs. Instead of chasing trendy buzzwords like "metaverse" or "AI + Web3," they focused on one thing: optimizing blockchain scalability and transaction execution speed. They directly applied the high concurrency, low latency, and matching engine technologies they learned at Robinhood to a public blockchain, resulting in the current #SEI. Many people laughed at them at the time: "Another public blockchain? It's 2022, and they're still dabbling in infrastructure?" But they firmly believed in one thing: in the early days of the internet, everyone laughed at TCP/IP and HTTP as "boring protocols." But without them, where would Amazon or WeChat be? In the end, #SEI raised $35 million, and its token market value once surged to $2.7 billion. In the interview, what made them most proud was not the great achievements they had made, but that many small merchants in Southeast Asia were now using USDC to make instant transfers on SEI, that freelancers in Latin America were using it to avoid hyperinflation in their countries, and that developers were building truly decentralized exchanges on it, with no intermediaries, no freezes, and no "sorry, system under maintenance". Jayendra recalls that leaving Robinhood in 2022 was the boldest and most correct decision of his life. He is a cautious and conservative person, afraid of failure, afraid of losing income, and afraid of being called "another crypto scammer." But he later realized that the biggest risk is not failure, but that you clearly see the problem but dare not take action to improve and fix it. Their entrepreneurial journey has been very inspiring to me. Many people think that starting a business requires waiting until you're "ready": waiting until your skills are stronger, your experience is greater, or your savings are thicker. But the truth is—you're never truly ready. Real growth happens the day after you quit your job, when you first pitch to a stranger and no one listens, and when you've gone three months without paying salaries but still have to smile and hold team meetings. If you're also writing CRUD code at a big company, but a voice inside you keeps asking, "Is this really meaningful?" then I want to tell you: Don't wait. Problems won't disappear on their own, and opportunities won't wait for you to be "perfect." Sometimes, leaving a good job is when your career truly begins. The crypto world isn't a casino; it's a blank slate for those willing to redefine money, trust, and freedom with code, logic, and courage. Jayendra's experience deeply impresses me. He could have stayed in his comfort zone, but he chose to change, to take a gamble. This boldness, courage, and dissatisfaction with the status quo deeply move me, and it's one of the key reasons I'm optimistic about #SEI! 🧐

"Most people didn’t see the real story of the GME saga. Robinhood had to post billions of dollars if they wanted to keep trading open." For @Sei_Labs co-founder @jayendra_jog, an early Robinhood engineer, the takeaway wasn’t about GME. It was the recognition of a widening gap:

Last time we mentioned silver, the price was $56. Today it successfully broke through $60/ounce, setting a new all-time high. The Pan American Silver Index in the US has also surged recently! This year, among major asset classes, silver has surprisingly been the best performer, with gains exceeding 100%, followed by gold. Both have outperformed the S&P 500 and #BTC 🥲 We can only silently feel ashamed. #BTC's surge will most likely have to wait for the Fed's monthly $45 billion Treasury bond repurchase stimulus in 2026! Since we've been writing about asset allocation strategies for 2026, it feels increasingly difficult. Looking around, all asset prices are currently not cheap! 🧐 twitter.com/Rocky_Bitcoin/stat...

Last time we mentioned silver, the price was around $56. Today it successfully broke through $60/ounce, setting a new all-time high. The Pan American Silver Index in the US has also surged recently! This year, among major asset classes, silver has surprisingly been the best performer, with gains exceeding 100%, followed by gold. Both have outperformed the S&P 500 and #BTC 🥲. #BTC's surge will likely have to wait for the Fed's $45 billion monthly Treasury bond repurchase program in 2026 to provide further stimulus! twitter.com/Rocky_Bitcoin/stat...

#OKX's recent flash sale yielded a pretty good return, and the scale is impressive! I calculated it: starting at 4 PM and continuing until midnight, in 8 hours, $560,000 was earned, yielding 6,100 $Night tokens. At the current price of $0.04, that's $244, or 1708 RMB – really great! It's a pity the $2 million limit wasn't filled! 😅 The point is, maintaining a 46.3% return is already quite an achievement! 🧐 twitter.com/Rocky_Bitcoin/stat...

Frankly, I've seen too many #Web3 projects telling "stories" in the past two years, but in Asia, there's practically only one that has managed to integrate that story into the regulatory framework, its prospectus, and the mainstream capital system—#HashKey (@HashKeyGroup). Now, it has officially passed the Hong Kong Stock Exchange's listing hearing and will be listed on December 17th. It has also attracted three top-tier cornerstone investors from the financial sector: UBS, Fidelity, and CDH Investments. This lineup is quite impressive; it's not just simple "support," but a vote of real money. Foreign investors are attracted to its compliance approach, and CDH Investments understands the value of its platform. As a seasoned investor, this is the first time I've felt that Hong Kong has gone from "experimenting" to "getting serious," and #HashKey's listing is the starting gun. 1️⃣HashKey's Core Value—Systemic Compliance Capability Most exchanges start by "listing new coins and boosting trading volume," but HashKey goes against the grain, starting with a "comprehensive top-down regulatory compliance framework," setting a high bar from the outset. These two development paths lead to drastically different outcomes: trading volume can be artificially inflated, tokens can be listed, and retail advertising can be implemented. However, compliance capabilities, institutional-level risk control frameworks, asset management capabilities, and on-chain infrastructure are entirely inimitable and require significant time for development and accumulation. This path, while starting slowly, has become increasingly stable: ▸ 2018–2021: While others were frantically pursuing trading volume, they were building infrastructure. Knowledge verification, risk control, custody, and compliance internal controls may sound low-profile, but these are the "underlying operating system" for obtaining licenses. ▸ 2022 Obtaining Licenses: A Watershed Moment and a Barrier to Entry Becoming one of the first virtual asset exchanges to obtain Class 1/7 licenses is not just a "permit"; it essentially means being able to serve clients using traditional financial institution standards. This isn't just a simple certificate; it's HashKey securing its ticket to partnerships with banks, financial institutions, and funds. ▸ 2023 to Present: The HashKey Ecosystem is Basically Formed • Exchange: Expanding from professional investors to retail • Custody, OTC, and Staking Services: A Complete Chain • HashKey Capital: One of Asia's Largest Blockchain VCs and Secondary Fund Managers • HashKey Chain: Building the Underlying Network for RWA and Institutional On-Chain Assets Many people think HashKey is an "exchange." But if you look closely at its structure, you'll find that it's building a compliant foundation for the Hong Kong digital asset market, comparable to Coinbase in the US stock market. 2️⃣ Not Relying on "Transaction Fees" to Survive, But "Helping Institutions Make Money" Many people think HashKey is just an exchange. Wrong! Its core is actually a three-in-one system of "asset management + infrastructure + investment." Managing HK$7.8 billion (as of September 2025), it is one of the largest licensed digital asset management institutions in Asia; its fund returns exceed 10 times, twice the industry average (data from Frost & Sullivan); it has invested in over 400 projects, covering the entire chain from early-stage VC to the secondary market. It has also developed its own blockchain—HashKey Chain—not for issuing tokens to speculate on virtual assets, but specifically for legally putting "real-world assets" such as bonds, real estate, and fund shares onto the blockchain. This is precisely the next step in the currently booming "RWA tokenization" trend, which global financial giants are scrambling to establish. Therefore, HashKey is not just an "exchange," but a forward-thinking player that "invests in projects, invests in sectors, and invests in the future." This "ecosystem + asset management" growth model is something that no one in Hong Kong's virtual asset industry has been able to replicate to date. 3️⃣ Financials: Reasonable "Turning-off Fluctuations" Behind the Rapid Growth Seeing three consecutive years of losses in the financial reports (a loss of nearly HK$1.2 billion in 2024), most people might frown. However, a closer examination reveals that these losses are not operational, but rather strategic investments. HashKey's gross profit margin has consistently been above 70% (73.9% in 2024), indicating that its business model is inherently profitable. The losses primarily stem from: technology R&D (such as HashKey Chain), licensing and compliance, global team building, and early-stage investments. Currently, it has HK$1.657 billion in cash and HK$592 million in digital assets, demonstrating extremely healthy cash flow. This is similar to Tesla's losses in 2019, yet no one questioned its technological barriers and ecosystem ambitions. HashKey is now doing something similar—using high investment to build a long-term competitive advantage. Finally, on December 17th, #HashKey will be listed on the Hong Kong Stock Exchange. Seeing that Futu is also supporting IPO subscriptions today, I must support the "first Hong Kong crypto stock." If Coinbase represents the "American model"—first build a large user base, then seek compliance; then HashKey represents the "Hong Kong model"—first achieve compliance, then serve institutions, and finally drive the ecosystem. In the context of Chinese capital markets, HashKey's path will be more stable and sustainable. I believe that international institutions looking to enter the Asian market will see HashKey as a "compliance gateway." If it succeeds, a number of similar companies will follow suit, forming a "digital finance Hong Kong stock market sector," creating a cluster effect. Asia's Coinbase is setting sail; let's wait and see! 🧐 @siyahashkey

Unexpectedly, 2025 will end in just 22 days! Although 2025 was a turbulent year for #BTC, experiencing multiple rises and falls, it remains one of the least volatile years in its history. Institutionalization and #ETFs have had a profound impact on #BTC, mirroring the development of the US stock market. The process of moving away from retail investors and gradually becoming institutionalized is key to the long-term bull market in US stocks! Is a long-term bull market for #BTC far away? 🧐 twitter.com/Rocky_Bitcoin/stat...

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