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The Evolution of China's Top 10 Internet Companies (2000-2025)
Internet giants have evolved from the "Portal Era" (2000, led by Sina, Sohu, NetEase) to the "BAT Triumvirate Era" (2010-2015, with Baidu, Alibaba, Tencent establishing dominance), and then to the "Mobile and Algorithm Era." After 2020, a new generation of giants represented by ByteDance, Meituan, Didi, and Pinduoduo rapidly rose through AI recommendation algorithms, local life services, and social e-commerce, breaking the ironclad hold of BAT.
By 2025, ByteDance is expected to top the list, marking short videos and content streams
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It used to be called flattery, now it's called providing emotional value.
It used to be called bottling up anger, now it's called emotional exhaustion.
It used to be called leeching off the wealthy, now it's called upward social networking.
It used to be called changing jobs, now it's called switching tracks.
It used to be called lacking manners, now it's called low emotional intelligence.
It used to be called being naive, now it's called dullness of perception.
Who is the first person that comes to your mind?
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The tragedy of waking up from a dream: last night, US stocks, gold, and Bitcoin all plummeted.
Simply put: everyone thought the "rate cut feast" was coming, but the Fed poured a cold water on that hope and woke everyone up.
Initially, the market was betting that the Federal Reserve would happily cut rates while not tightening, pushing asset prices (gold at 4300, Bitcoin at 90,000) to record highs. But last night, several Fed officials suddenly issued stern warnings, indicating that inflation remains stubborn and opposing rate cuts or insisting on continued tightening.
This triggered two deadly
BTC1.53%
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Federal Reserve December 2025 Meeting Analysis( Hawkish Rate Cuts, Bullish Sentiment Exhausted)
The Federal Reserve held a meeting, and on the surface, it cut interest rates (to 3.5%~3.75%), but the stance was actually quite “hawkish.” This was a typical hawkish rate cut, with a closely divided vote, upward revisions to economic forecasts, and the dot plot showing “only one rate cut in 2026,” strongly implying that the rate cut cycle is about to pause.
➤ The key change lies in the dot plot
2026 expectations: The September dot plot suggested multiple rate cuts in 2026, but the latest December d
BTC1.53%
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Will stablecoins become the next Water, Electricity, and Gas in the payment era? Is there a need to overthrow the outdated banking system?
Currently, the payment system built with stablecoins + Stripe can no longer be limited by banks. Technology + finance will definitely give rise to several companies with valuations in the hundreds of billions, or even trillions.
On the other hand, AI is also accelerating this process, requiring smarter and more automated payments. Programmable finance cannot be achieved or made safe relying solely on the traditional banking system. Only by building on the i
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Apt($1.79) has almost caught up with Sui($1.61) in price. I didn't expect Apt to fall so much, probably because the team is pretending to work and constantly selling coins to cash out😂. The total token supply of the two is five times different, and the market cap is also five times different. They can no longer be considered rivals.
I remember at the peak, Apt's market cap was more than twice that of Sui. It has been completely reversed, and move-based projects now only have Sui left as the sole contender. Make sure to hold on.
APT1.72%
SUI2.99%
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Don’t even mention Blue Battle Non, even domestic newbies are like lambs to the slaughter when they go abroad. Don’t feel proud and insist on saying you’re Chinese—safety is the most important thing.
My experience is: never reveal you’re from China. You can say Malaysia, Hong Kong, or Taiwan. Try to communicate in English or just don’t communicate at all, otherwise there are countless traps waiting for you. And it’s not just foreigners scamming you—Chinese people are even worse. Chinese people only scam other Chinese people.
A taxi added a tip higher than the fare for no reason; all the cash i
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2x long SOL (code $SOLT ) was launched on March 20, 2025.
2x long SUI (code $TXXS ) was just launched on December 4, 2025.
In addition to SOL and SUI, there are also 2x long leveraged ETFs for other altcoins like DOGE.
Why are leveraged ETFs actually easier than spot ETFs?
Besides BTC and ETH, several companies are applying, but who will be the next to get approved is crucial. Which do you think it will be between SOL and SUI? Or could it be DOGE or LTC?
SOL1.76%
SUI2.99%
DOGE2.49%
BTC1.53%
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A few days of a bull run limited-time experience card is not bad, and those who haven't escaped can't blame anyone.
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In the AI era, Google is the only company with "full-stack sovereignty":
1. Chip layer: TPU frees itself from NVIDIA's "tax" and has the lowest inference cost.
2. Model Layer: Gemini 3 helps reclaim victory in the battle of large models
3. Entry Layer: Android and Chrome provide default access points for billions of users.
4. Capital layer: The supply of business research and development resources is nearly infinite.
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Violently robbing encryption assets is safer than robbing a bank and offers higher returns than robbing a bank.
Wealthy encryption tycoons are like walking vaults in the eyes of criminals...
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Coinbase's new listing of MON is truly a textbook case of fall below the issue price; they might as well not bother, it's even worse than Buidlpad 😂
MON6.48%
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When I first started trading crypto, I saw it as an investment.
Later, I realized it was actually speculation, and after that, I felt it was a bit like gambling.
As time went by, I suspected it was a scam, and only recently did I realize that this is actually damn robbery.
A friend of mine told me that my perspective and mindset were still not broad enough; in reality, we are actually making donations.
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It's truly surreal—WAL dropped to my liquidation price of 1011 today. With leverage of less than 1.5x, I would have lost everything if I'd held until now, so I feel a bit better about it.
At least back when it dropped to 1011 and bounced back to $0.25 out of anger, I basically sold everything. Calculating the total losses, I might have lost a bit less than if I had held until now 😂
WAL0.64%
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Three trump cards to save the market:
1. NVIDIA
2. The Federal Reserve
3. Trump
After playing the first card, the drop became even worse. The Federal Reserve is still hawkish, and no one knows what Trump is doing.
Who else can save the market?
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当前美股回撤不同于4月关税战引发的急跌,此次缺乏单一触发事件,以 AI 泡沫化为源头,转而放大高失业率、通胀压力、高杠杆,美联储可能不降息等原因,导致科技股暴跌。
Nvidia财报虽超预期却未能平息AI泡沫疑虑,美股科技板块领跌,机构纷纷抛售,桥水创始人Ray Dalio公开称市场确存泡沫,美股熊短牛长,短期可能还会继续承压直到业绩追上市场。
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