Lijin Finance

Newsflash

• Bitcoin Plunged 45%, Like Apple In 2013, The Valley Of Despair May Last Seven Years

  Bitcoin is going through a “valley of despair” similar to Apple’s in 2013

  According to CoinDesk, Strategy founder Michael Saylor compared Bitcoin’s current 45% retracement to Apple’s 2013 decline in a podcast interview. At that time, Apple's stock price fell 45% from its high point, and its price-to-earnings ratio fell below 10 times. The market lost confidence in its future, but it ultimately took seven years to fully recover its valuation with the support of Carl Icahn and Warren Buffett. Saylor believes that any successful technology investment must experience a 45% retracement and the "valley of despair." The Bitcoin retracement has currently lasted 137 days, but may last two, three or even seven years.

  Saylor attributed the weakening of volatility in this cycle to structural changes: the shift of derivatives activities from offshore platforms to regulated U.S. markets suppressed two-way fluctuations and compressed a potential 80% retracement to 40-50%. Traditional banks continue to refuse to provide meaningful credit against Bitcoin holdings, forcing some investors into shadow banking or rehypothecation structures, which can create artificial selling pressure during periods of market stress. Regarding the threat of quantum computing, Saylor believes that this is not a short-term risk, and that the actual threat is at least ten years away. By then government, financial, consumer and defense systems will have transitioned to post-quantum cryptography, and Bitcoin software will have been upgraded through global consensus.

  More than 400,000 Bitcoins have been accumulated in the range of US$60,000 to US$70,000, forming an intensive cost support area.

  According to CoinDesk, Glassnode data shows that during Bitcoin’s recent decline, more than 400,000 BTC were accumulated in the $60,000 to $70,000 range. The supply in this price range has increased from about 997,000 coins on January 1 to about 1.43 million coins currently, an increase of 43%, accounting for more than 8% of the non-exchange circulating supply, forming a dense currency holding cost area.

  The analysis is based on Glassnode’s UTXO implemented price distribution metric, which groups the existing supply by the price of each Bitcoin’s last on-chain move, and excludes intra-entity transfers and exchange balances through entity adjustments to more clearly reflect the cost base of real investors. The $70,000 to $80,000 area has previously been described as a "layer of air" and has historically seen thin trading volumes. During this decline, Bitcoin fell from $80,000 to $70,000 in just five days (January 31 to February 5), highlighting how quickly prices can move through low volume areas to denser supply zones below.

  PlutonAI completed US$2.7 million in seed and private placement rounds, led by kitchenvc

  PlutonAI, a project focusing on DeFAI (Decentralized Artificial Intelligence Finance) on Telegram, completed US$2.7 million in seed and private placement rounds, led by kitchenvc, and received incubation support from HyperGPT. This round of funds will be used for core platform development, ecosystem and agent expansion, and scalable, production-ready AI infrastructure construction. The goal is to create a DeFAI portal driven by intelligent agents and promote real applications and value creation on the chain.

  The Smarter Web Company secures $30M credit line from Coinbase to support its Bitcoin strategy

  According to TipRanks, the British listed company The Smarter Web Company (code SWC) announced that it has obtained a US$30 million strategic credit line from Coinbase Credit, using its Bitcoin holdings as collateral, with interest only on the amount withdrawn and no fixed maturity date. The facility is designed to enable the company to deploy funds into Bitcoin immediately after completing equity financing, reducing settlement timing risks in volatile markets and supporting its Bitcoin-centric treasury strategy.

  Rhythmic, the underlying payment infrastructure for stablecoins, completed a US$4 million seed round of financing, led by Dragonfly and HadickM

  Aaron, a former payment and digital asset practitioner, announced that Rhythmic, which he founded, has completed a US$4 million seed round of financing, led by Dragonfly and HadickM, with participation from Mirana, The Fintech Fund and others.

  Rhythmic is building a financial infrastructure platform for consumer Internet companies, allowing accounts, stored value, cards and reward systems to be embedded into products in a "native" form, with stablecoins completing fund flow and settlement at the bottom. The user front-end only embodies the concept of "holding balances, receiving rewards, and spending at will" without direct contact with the wallet or "using stable coins". This round of financing will be used to improve the core platform, connect with the first partners, and expand the engineering and compliance teams.

  36 minutes ago

• Details Of The Old Case In Xinji Town, Hanzhong, Shaanxi Province In 1996, And The Whole Story Of The Murder Of Zhang Koukou’s Mother

  Speaking of this matter, we have to start with the old case in 1996. The Zhang family and the Wang family are neighbors in Wangping Village, Xinji Town, Nanzheng District, Hanzhong District, Shaanxi Province. The two families have always had festivals, and the grievances are not something that happens in a day or two. On August 27, 1996, things got serious.

  Zhang Koukou's mother, Wang Xiuping, and the Wang family's second son, Wang Fujun, started to argue. Wang Fujun said that Wang Xiuping spat at him when she passed by his door and hit her in the face. He slapped her in anger. As a result, family members from both sides were involved. Wang Zhengjun, the third son of the Wang family, who was 17 years old at the time, picked up a wooden stick and hit Wang Xiuping on the head.

  This stick directly killed her, and she was unable to be rescued in the hospital that night. Zhang Koukou was only 13 years old at the time and witnessed the entire process of his mother's accident. Later, the court verdict also mentioned that he and his sister were present to witness the forensic autopsy.

  The courts soon became involved. On December 5, 1996, the Nanzheng County Court convicted Wang Zhengjun of intentional injury causing death and sentenced him to seven years in prison. Why so light? Because Wang Zhengjun was not yet 18 years old and had confessed, and the court found that Wang Xiuping was also at fault in the dispute, he was given a lighter sentence.

  The Wang family also had to compensate the Zhang family 9,639.3 yuan. This amount included 8,139.3 yuan for funeral expenses. After deduction, the Zhang family actually received 1,500 yuan. Zhang Furu, Zhang Koukou's father, was an incidental civil plaintiff at the time. He did not appeal again, and the procuratorate did not protest. The verdict was finalized. Wang Zhengjun was released from prison early after three years in prison.

  The Zhang family has been unable to swallow this breath. They feel that it was actually Wang Fujun who actually beat Wang Xiuping to death, and Wang Zhengjun was the one who took the blame. The eldest son of the Wang family, Wang Xiaojun, had just started working in the Party and Government Office of the township government at that time. In 1998, he was promoted to deputy township head. The Zhang family suspected that he used his connections to influence the outcome of the verdict and let his younger brother bear less responsibility.

  Of course Wang Fujun denied it, saying that it was Wang Zhengjun who did it. But no matter what, this incident buried deep-rooted hatred in Zhang Koukou's heart.

  Zhang Koukou's life trajectory when he grew up was quite ordinary. In 2001, when he was 18 years old, he was drafted into the Xinjiang Armed Police Force. He served as a soldier for two years and was demobilized and returned home in 2003. After that, like many young people in rural areas, they went out to work in Xi'an and other places, working as construction workers and factory workers. Their income was not high and their lives were tight.

  He never got married and started a family, probably because the matter in his heart never got over. In December 2017, he came back from other places and lived back in his hometown in Wangping Village. The village has not changed much. The Wang family is living a good life. Wang Xiaojun has a car and Wang Zhengjun returns to the village occasionally.

  After Zhang Koukou came back, he wandered around the village every day and inevitably ran into the Wang family, and his resentment became deeper and deeper. Finally before the Spring Festival of 2018, he made up his mind and found that Wang Zhengjun was also going home for the New Year, so he went to the town and bought a single-edged knife and a kitchen knife, ready to start.

  February 15, 2018, happened to be the New Year’s Eve, and every household in Wangping Village was preparing to celebrate the festival. The Wang family went up the mountain to worship their ancestors that day, and then walked down the mountain to the village committee. Zhang Koukou, wearing a mask and hat and black clothes, followed Wang Zhengjun and stabbed Wang Zhengjun in the neck and abdomen with a knife. Wang Zhengjun fell to the ground on the spot.

  Then he caught up with Wang Xiaojun and stabbed him in the chest and abdomen. Wang Xiaojun also died. Then he rushed into Wang's courtyard, found Wang Zixin, and stabbed him in the chest. Wang Zixin was 70 years old and did not escape. Three people died in this way. Zhang Koukou also used a kitchen knife to smash the window of Wang Xiaojun's car, threw two lit wine bottles in, and burned the car.

  But Wang Zixin's wife Yang Guiying was in the room at the time. When she saw it, she screamed and retreated to the corner. Zhang Koukou glanced at her and left without making a move. Why just let her go? Zhang Koukou later confessed after surrendering that Yang Guiying had no direct relationship with the incident in 1996. She was not a party involved, had no grievances and should not be involved.

  The Zhang family also believed that the men of the Wang family were the culprits, and Yang Guiying was just a bystander. This point became a special point in the whole case, which made people feel that Zhang Koukou had a bottom line when seeking revenge and did not kill everyone.

  As soon as the case came out, the police immediately sealed off the village and issued a wanted warrant. Zhang Koukou did not run far. On February 17, the second day of the Lunar New Year, he went to the public security organ and surrendered. The Hanzhong City Procuratorate quickly launched a prosecution and filed a lawsuit on September 27, 2018. The court held two pre-trial meetings. The first time was on November 16. Zhang Koukou requested a live broadcast of the trial online, but was not granted permission.

  He appealed, and the Shaanxi High Court upheld the original verdict in the second instance on April 11. The Supreme Court approved it on July 6, and the death penalty was executed on July 17. Zhang Koukou met Zhang Furu before his execution and said, "Dad, it's okay."

  Zhang Furu is not idle here either. On March 30, 2018, he submitted a criminal complaint to the Nanzheng District Court, referring to an old case from 1996, saying that he would hold Wang Fujun accountable and apply for state compensation. However, the court verbally informed on July 31 that it would not file the case, and on October 19, the Hanzhong Intermediate Court also rejected the compensation application.

  Zhang Furu has been petitioning for many years, but to no avail. Now he lives alone. His sister has gone away to a foreign country and will not come back. Only Zhang Koukou's old squad leader when he was a soldier comes to visit occasionally and bring some things. The Zhang family was completely broken up, and there were only a few members of the Wang family left. Wang Fujun was not at home and escaped the disaster.

  This case caused quite a stir across the country, with many people discussing it online. Some people sympathized with Zhang Koukou, saying that he had endured it for 22 years to avenge his mother, but the court's sentence was too light, which led to the tragedy. But some people say that no matter what the reason, killing is wrong, and the law cannot condone personal hatred.

  The case exposed the hidden dangers of neighbor disputes in rural areas. In places like Wangping Village, small matters such as homestead land and contract rights can easily escalate into major issues. Starting in 1996, it was just a quarrel that ended in life. Where did Zhang Koukou's hatred come from, and his family was not convinced by the verdict. What's the point of paying such a small amount of money?

  Rural people value benefits, and if they don't have enough money, they feel like they're losing a lot. Wang Xiaojun's work background also makes people doubt the fairness of justice. Although he has just started working, people in the village always feel that there is something fishy. This incident reminds everyone that conflicts at the grassroots level must be resolved early, otherwise it will explode if it drags on for too long.

  36 minutes ago

• The Bride Responded To Her Father’s Return Of The Bride Price At The Wedding: Not Leaving Any Bride Price, Conveying The Correct View Of Marriage And Love And Getting Likes

  

  Xie Yuzhuo (Minzu University of China)

  On February 22, at a wedding in Tai'an Village, Nan County, Yiyang, Hunan, the bride's father returned the groom's 188,000 yuan gift in public, leaving only 100 yuan as a token. The sentence "All young people, don't let money blind your marriage." Not only did the guests at the scene move, but it also sparked heated discussions on social platforms. The bride, Ms. Liao, later responded that her family had made it clear during the engagement that they did not want a bride price. The groom had borrowed the money to prepare for the wedding, and the returned money had been used to pay off debts and wedding expenses. She said her father had always insisted on not asking for a bride price and passed this idea on in the village. (Jiupai News, February 25)

  Why is an ordinary country wedding, a seemingly "irrational" move, so widely praised by netizens? The core lies in the family's sobriety, which breaks the distorted betrothal puzzle in the current marriage and love market.

  Betrothal gift is a beautiful custom in traditional marriage, which expresses the man's respect for the woman's family. However, in recent years, this intention has deviated from its original connotation in many areas. "Everything is green" and "Three golds for every motion" have become the "hard standards" for marriage. The amount of betrothal gifts continues to rise, as if more betrothal gifts mean more dignity and more attention to the daughter. However, behind this "scenery" is the bitterness of countless families who have depleted their savings and borrowed money to collect the betrothal gifts. It is the regret of lovers who parted ways because they could not agree on the betrothal gifts. It is the helplessness of newlyweds who are burdened with debts and whose love is consumed by anxiety. The stale bride price not only drags down the family economy, but also distorts the concept of marriage and love, and deviates from the original intention of holding hands and growing old together.

  On the other hand, although the father of the bride is not highly educated, he is very transparent in his heart. He returned the betrothal gift not as a gesture, but because he sincerely considered the happiness of his children and did not want to burden the children with the betrothal gift. "I have the same heart for my son and my son-in-law." The simple words hide deep fatherly love, and also reveal the true expectations of parents for their children's marriage: happiness does not lie in the size of the betrothal gift, but in the two people working together with one heart and one mind. The bride, Ms. Liao, was equally sober. She admitted that although she longed for the money, she knew that her husband's business was not going well and the bride price was a loan. Accepting it would only make the family's life worse. This kind of empathy is not a "love brain", but the sobriety and responsibility of adults. It is also the rational understanding of marriage among contemporary young people.

  Some netizens are worried that Ms. Liao will lose her status if she withdraws the bride price easily. This worry is essentially bound by the utilitarian view of marriage and love. Marriage is never a game of winning or losing, and it cannot be "supported" by betrothal gifts. Those families who frequently ask for hundreds of thousands of yuan in betrothal gifts seem to be seeking protection for their daughters, but in fact they are laying hidden dangers for future marriages. If love is marked with a price and marriage is tied up with money, the so-called "security" will only become a shackles that crush the relationship. Ms. Liao's family chose to return the bride price, not only to loosen the bonds of the marriage, relieve the groom from the pressure of foreign debts, and to protect the sincerity of the two, but also to convey the concept of "happiness depends on working hard with both hands" and set an example of healthy marriage customs for the society.

  In recent years, the Central Government’s No. 1 document has mentioned the crackdown on “high-priced betrothal gifts” year after year. Various places are actively promoting the reform of marriage customs, but bad habits are not formed in a day and are difficult to eradicate through policy promotion alone. They also require countless ordinary families to consciously practice them. This Yiyang father did not perform any earth-shattering feats, but he taught the people around him a vivid lesson with his magnanimous behavior at a wedding. This kind of "grassroots power" that takes root at the grassroots level is ordinary but precious. It is an important force that promotes the progress of marriage customs and civilization.

  In the name of love, it has nothing to do with money. Staying together soberly is the best happiness. I hope more parents will abandon the misconception that "marrying a daughter means selling her daughter" and understand that bride price is never a measure of true love. We also hope that more young people will break away from the shackles of betrothal gifts, recognize the essence of marriage, and understand that working together is the solid foundation of marriage. I hope this ordinary wedding will turn into a breeze, blow away the unhealthy tendency of comparison with bride price, and let every marriage return to its true nature.

  37 minutes ago

• Peak Return Trip During The Spring Festival: More Than 20 Vehicles Occupying The Emergency Lane Were Reported In Half An Hour

  During the peak period of returning from the Spring Festival, emergency vehicles were illegally occupied on the expressway, which caused dissatisfaction from some fellow passengers and car owners who reported "casual shooting". Recently, two car owners encountered the above situation on their way back. They chose to take photos of the vehicles occupying the emergency lane and report them. After the two posted their experience on social platforms, they attracted attention. Some people praised them for "well done", while others said "why bother being so serious". On February 24, the car owner Ms. Li said in an interview that she had been recording between 3:30 and 4:30 that day, reporting multiple vehicles in total, and it took more than two hours to upload. "The phone is out of battery, plug in the power bank and continue uploading." The reported information is still being processed. Ms. Li said that she posted the message to attract attention and wanted more people to join in reporting illegal vehicles in order to maintain traffic order. On the 24th, according to upstream news reports, the car owner took a car from Guangxi back to Wuhan, Hubei Province during the Spring Festival return peak period. He encountered a congestion of about 6 kilometers on the highway in Hunan. The navigation showed that it would take about an hour to pass. Her family was driving at the time, and she was sitting in the passenger seat. She saw many vehicles occupying the emergency lane unscrupulously, and even caused more vehicles that were originally queuing to follow suit. "Seeing the emergency lane gradually turning into a 'fast lane', I feel that something must be done to stop this trend - the emergency lane is a life channel and should not become a shortcut for speculators, let alone those who queue up and obey the rules to suffer."

  The car owner said that she tried to search the reporting channels of the Hunan Expressway Traffic Police and spent more than half an hour reporting more than 20 illegal vehicles. Currently, the system reports that 3 vehicles have failed to report due to unclear features or insufficient clarity in the photos, and the rest are still being processed.

  

  Some of the vehicles reported by the owner "Eighteen Marriage". Photo provided by interviewee

  The reporter learned from the Hunan Provincial Expressway Traffic Police Department that from February 2 to March 13, the Hunan Expressway Traffic Police will continue to carry out the "Report Traffic Violations and Join Hands to Create Civilization" illegal reporting activity, advocating the majority of traffic participants to say "no" to uncivilized driving behaviors that disrupt traffic order. Regarding driving or parking in the emergency lane in non-emergency situations, Hunan Provincial Expressway will review all reports in accordance with the law, and the top 500 whistleblowers who pass the review will receive a "Traffic Police Bear".

  

  2 hours ago

• The Bride Responded To Her Father’s Return Of The Bride Price At The Wedding: He Doesn’t Value Money Over Feelings, And Hopes Not To Spread False Information

  On February 24, a video of "The father-in-law returned the gift of 188,000 yuan at the wedding, leaving only 100 yuan for good luck" went viral on the Internet and warmed the hearts of many netizens.

  Qilu Evening News

  , like 660

  On the evening of the 24th, the reporter contacted the bride Liao Jiao. She confirmed that the incident was true and clarified that the wedding actually took place in Yiyang, Hunan, and was not reported online in Anhui. She hoped that false information would not spread again.

  The bride Liao Jiao and the groom Li Pingjun are from Yiyang. They met through a friend's introduction, and then fell in love and got married hand in hand. Liao Jiao said frankly that from the time they fell in love to the engagement, the two people and their families had always reached a consensus: they did not value the amount of the bride price, but rather the relationship and each other's future. As early as the engagement stage, she had clearly informed her father that she would not accept a bride price from the man.

  

  Father refunds groom's 188,000 yuan bride price at wedding

  “Young people, don’t let money blind you to your marital happiness.”

  

  On the wedding day on February 22, her father returned the 188,000 yuan gift to the groom in full, leaving only 100 yuan as a symbol of good luck. This scene surprised and deeply moved Liao Jiao. She revealed that her father was very supportive of her idea, and her simple speech at the scene moved everyone: "Young people, don't let money blind you from your marital happiness."

  The groom, Mr. Li, told reporters that both parties were from ordinary families. After returning the bride price that day, his father-in-law gave him a dowry when he returned home.

  It is understood that this viral video was not deliberately shot, but was casually recorded by relatives and friends at the scene. Unexpectedly, it would attract widespread attention, and the couple and their families were very surprised. Liao Jiao sincerely said: Thank you for everyone's concern and blessings. In the future, you and your husband will run a good family and cherish this simple and pure happiness.

  In the comment area, netizens left messages and sent blessings.

  Source: Du Haifeng, editor of Sanxiang Metropolis Daily and Beijing News, reviewed Jiang Bo and Chen Jie

  3 hours ago

• Analysis On The Prospects Of Tron Currency: Opportunities And Challenges Coexist, Investors Need To Evaluate Carefully Before Making Decisions

  The prospects for Tron Coin coexist with opportunities and challenges: Opportunities include strong community support, fast and efficient network, strategic partnerships and growth in the defi field; challenges include market fluctuations, regulatory uncertainty, intensified competition and technical flaws. Investors need to carefully evaluate opportunities and risks before making investment decisions.

  

  The Prospects of Tron: Opportunities and Challenges Coexist

  TRON (TRX) is a technology-based decentralization. Tron has received widespread attention in recent years, fueling speculation about its future.

  opportunity

  1. Strong community support: TRON has a huge community composed of enthusiasts and investors. Community support is a key factor in the success of any cryptocurrency.

  2. Fast and efficient network: The TRON platform is a high-throughput blockchain that can handle thousands of transactions per second. This makes it ideal for a variety of applications, including decentralized finance (DeFi) and non-fungible tokens (NFT).

  3. Strategic partnerships: TRON has established strategic partnerships with well-known companies, such as Samsung and BitTorrent. These partnerships help expand Tron’s adoption and increase its visibility.

  4. Growth in the DeFi sector: The DeFi sector is booming, and Tron, as a fast and efficient platform, could benefit greatly from this.

  challenge

  1. Market Volatility: The cryptocurrency market is known for its volatility, and Tron is no exception. Macroeconomic factors and news events can affect its price.

  2. Regulatory uncertainty: Cryptocurrency regulation is constantly changing and uncertain. This could create barriers to Tron adoption.

  3. Increased competition: There is fierce competition in the cryptocurrency space. Tron needs to continue to innovate to maintain its market share.

  4. Technical flaws: Like any new technology, the TRON platform may encounter technical flaws. This may affect its stability and reliability.

  in conclusion

  The future of Tron presents both opportunities and challenges. Its strong community, fast and efficient network, strategic partnerships and growth in the DeFi space provide positive factors for it. However, factors such as market volatility, regulatory uncertainty, increased competition and technological shortcomings cannot be ignored. Investors should carefully weigh the potential opportunities and risks before deciding to invest in Tron.

  4 hours ago