OA🦁 (@OA20200911)

嗨~我是Tradooor #4651# 实在太魔幻了这NFT，这两天被疯狂刷屏 越看越喜欢，一起来建设 $rekt社区🥰🥰🥰 @rektmando @osf_rekt @rekt2160 @RektBrands @mooncat2878 @rektguy @Spvce @farokh @walasavagephoto @berndawgler

Four protocols I track describe themselves as buying back their own token, and the four promises have almost nothing in common. The word does a lot of hiding. A buyback can mean tokens are permanently destroyed, or that they are sitting in a vault someone still holds the keys to, or that a team has decided for now to spend some revenue this way and could decide otherwise next quarter. Those are different claims on future supply, and only one of them is irreversible. hyperliquid:native is the strict version. Protocol fees buy HYPE on the open market and the tokens go to an address with no private key, which makes the destruction provable rather than promised. Validators formalized the mechanism rather than leaving it as a team policy. That is about as binding as this gets. The catch is the buyback is denominated in dollars, so a rising price retires fewer tokens for the same spend. Tokens repurchased fell roughly 61% year over year while the dollars spent fell under 20%. The support mechanically weakens exactly when the price is working, and there is a separate overhang underneath it, with a large tranche of team tokens vested but unclaimed. ethereum:0x1f9840a85d5af5bf1d1762f925bdaddc4201f984 is the conditional version, and it is the newest. Governance had to vote the fee switch on, which it did in late July, and the mechanism itself is code rather than discretion. But the burn rate is a function of trading volume, and a meaningful share of that volume currently runs on a chain where gas is being subsidized. Day one spike burned 106,000 tokens. The 30-day mark lands Saturday, and the number that matters is the lowest sustained rate over the window rather than the average, because the average is still carrying the launch. solana:pumpCmXqMfrsAkQ5r49WcJnRayYRqmXz6ae8H7H9Dfn is the discretionary version. The share of revenue directed to buybacks was cut from most of it to half of it in April. The revenue is real and recovering, but the allocation is a dial the team controls, and it has already been turned once. A policy that has been changed is a policy that can be changed. Same dollar-denominated arithmetic applies here too. $LINK is the one most people misread. Chainlink converts revenue into LINK on the open market, including revenue from enterprise contracts that settle in dollars, which almost nobody else does. Then it puts the tokens in a timelocked reserve. A reserve is not a burn. The tokens still exist, and the contract permits them to move eventually. Scale is the bigger challenge as roughly $60 million a year of conversion against a market capitalization near $7 billion absorbs about 1% of supply, while team-managed unlocks have added multiples of that. Emissions are outrunning absorption by something close to ten to one. The business is winning its market. The token is losing the arithmetic. The ranking that matters is not which protocol buys back the most. It is which promise survives someone changing their mind. Provably unspendable beats code-executed beats team policy beats a vault with keys. The market frequently prices all four the same way. Observations, not advice.

我们最怕啥？是牛市来了我踏空，是送钱的时候别人有我无！ 今天Bitget KCGI 2026正式开搞，300万 USDT 总奖池，这次不光卷加密合约，连 TradFi、股票 rToken 都一起拉进来PK了。 但我看了一圈，普通玩家最该盯的其实就两个字：早鸟。 8月26日-30日只有5天，前10000名成功加入战队并完成指定交易要求的用户，有机会拿20 USDT合约体验金。 这种活动我的经验就是：研究半天规则，不如先把坑占了，等你想明白，早鸟都变晚鸟了。😂 另外这次当队长是真有油水：单独拿出100000USDT做队长激励，新星招募、交易活跃、UEX先锋三项各冲Top 30；战队冲上去，Top队长还能独享战队奖池10%，外加最高50% Affiliate返佣。 9月9日正式开战，五大榜单一起卷。 行情卷不过别人没关系，这次可以先卷个报名速度。 早到吃肉，晚到汤都喝不着了🤣🐶🐶🐶

要开盘了，全场都在等今晚NVIDIA财报 指数盘前偏弱，VIX还在15.7，感觉今天先震荡，不会大跌 英伟达营收过910亿美元后，看看这将近75%毛利率能不能守住 博通也可以注意一下，OpenAI昨天公布Jalapeño测试 推理能效更高，不会马上取代NVDA，但会不会吃掉NVDA利润就很难说了 今天AVGO看题材能不能发酵，等NVDA的财报出来吧

昨天不是美股一起跌，是科技股一路被压着狂打 道琼还涨0.3%，标普跌0.3%，纳指跌0.8%，SOXX直接跌2.7%。10年债息反而从4.738%降到4.704%，油价也在跌 $BABA 我昨天说最热闹，结果拉了个大的 成交2390.3万股，比周五少了两成六。不过800亿港元配股压下来，最低116.40，后来还能摸到120.47，最后收118.47，只跌0.7%，今天看116到121能不能站稳了 $NVDA 才是真的难看。周三才财报，昨天又跌2.9%收208.48，最低207.25，已经连跌7天。今天纳指期货涨0.7%，猜测多少会弹一点，看207到214，214差不多就是周五收盘的位置 然后大火箭 $SPCX 昨天最高138.33，最后又被压回135，跌1.4%。卖压就是有，今天预测133到139，135上下 今天还有两支可以关注一下，昨天最惨的两个 $MU 昨天跌5.83%收910.43，从8/17的1,011.75算下来，五个交易日刚好掉10%。市场拿中国CXMT扩产当理由，担心DRAM供给上来以后Micron没那么好涨价。 同一个礼拜Bloomberg才报搭载NVDA芯片的服务器要涨价15%以上，写明原因就是记忆体成本压不住 一边卖MU说它没定价权，一边看搭载NVDA芯片的服务器被逼着转嫁成本，这两件事其实可以同时发生 CXMT扩的主要是传统DRAM，HBM还没追上Micron 盘前926，涨1.7% 今天先看905到950，昨天低点887.60如果再破，这段反弹就先观望吧 另外 $INTC 昨天跌3.12%收87.26，离8/13的107.57掉了19%。但它今年涨137%，要减芯片仓位的时候第一个被卖的一定是涨最多那支 盘前89.54涨2.6%，反而是这几支里面弹最凶的，这是缺钱不是市场缺信心 今天先看86到92，跌破85.14转弱 现在标普期货涨0.4%、纳指期货涨0.7%，WTI跌到82.5附近。伊朗没有继续把油价推高，今晚可以盯着NVDA 明天才是重头戏，NVDA财报和PCE一起出，有点太刺激了

昨天美股三大指数全黑,S&P 跌0.87%、那斯达克跌1%、道琼跌1.32% 先讲最重要的。财政部前几天出手,说要加倍买回长天期国债,白话讲就是政府自己下场买债券,想把利率压下来。结果撑了一天就没力,週三压下去、週四全涨回原位 压不住的原因很简单，美国国债已经40兆,这点钱根本起不了作用 联准会出不出手也是未知数，9月他们在讨论的是要不要升息,机率大概三分之一。通膨卡在3%降不下来,就业还在走弱 以前数据不好,大家就期待降息,股市反而涨，现在是数据烂就烂了不会有啥波澜 再来是 $Walmart,昨天崩9%,2022 年5月以来最惨 财报不差,营收跟每股盈余都超预期。问题在同店销售只成长2.6%,六年最低。这个数字重要,因为它算的是本来就在的那些店生意有没有变好,拿掉开新店灌水的部分,最就能看出真实消费力。 说是油价太贵、消费者没钱，结果同一天川普放话要对伊朗打经济战,油价直接跳2.83%，这下舒服了，油更贵了 而且Walmart是卖便宜货的,景气差大家都去他家消费，连它都撑不住,别家只会更惨 不过它网购成长23%、广告收入成长38%。实体零售营业额起不来，反而广告费赚了不少也是牛逼 另一边, $Moderna前天单日飙177%,史上最猛，它跟默沙东合作的癌症疫苗三期实验成功,是史上第一款做到这步的 mRNA癌症疗法,做空的人一天赔掉55亿美金。隔天就跌 24.8%,纯粹涨太凶、赚钱的跑了不少 然后晶片股, $Intel跌4%、 $AMD跌4%、博通跌5%,只有辉达没动。不过Intel今年涨了162%、AMD涨126%,在辉达财报前先落袋属于正常操作 所以现在不是大家看空,是都在观望，看空要做空,观望则是在等，等两个时间点 1)8/26辉达财报、2)8/28联准会主席 Warsh演讲,距离9月利率决议只剩19天。 在那之前我觉得保守一点操作会比较好