We’re bringing United Stables ($U) to @UTechStables As we keep building and moving the ecosystem forward together with our community, $U will be integrated to support token raises on meme spot market pairings, and act as the primary launch asset for new projects — starting right here on This is another step in how we’re shaping a smoother, more efficient experience for projects and traders. 📅 Live on Dec 18 🔗

When disaster strikes, recovery begins with connecting people to the help they need. Following last Sunday's apartment building fire, MEMA and the City of #Lawrence# hosted a Recovery Resource Center that served 18 affected households, bringing together more than 20 local, state, nonprofit, and community organizations to provide information, resources, and support services. Thank you to all of the partners who helped residents begin the recovery process and move forward together.

More than 1,000 runners are carrying a single American flag from San Francisco to Washington, D.C., one mile at a time, to celebrate the nation's 250th birthday. They say the journey isn't about politics — it's about reminding Americans that we're stronger when we move forward together.

📈 YY continues to move higher. Every milestone reflects the strength of the TokenAI ecosystem. 🚀​ From an initial price of $0.10 to the latest price of $0.234, YY has achieved a 234% increase.​ This growth is powered by continuous ecosystem participation, expanding utility, and long term community support.​ The journey is still unfolding, and the TokenAI ecosystem continues to move forward together. 🐂✨​ #TokenAI# #DeBox# #Token# #Ai# #YYAI# #YY# #DEX# #GameFi# #WEB3# #XStocks# #DAPP# #DeFi# #BSC# #USDT# #Swap# #RWA# #NFT#

XBITDEX × @BullbitDEXHQ We’re excited to announce our partnership with Bullbit — a next-generation perp DEX built on Base, focused on creating an “invisible blockchain” trading experience. Bullbit is rethinking on-chain trading with a CEX-like experience: no seed phrases, no gas fees, and frictionless access powered by passkey login technology. With fast execution, AI Copilot integration, API support, and growing RWA trading pairs, Bullbit is building a simpler and more accessible derivatives trading environment for the next wave of users. As XBIT continues expanding across prediction markets and decentralized trading infrastructure, collaborations with innovative trading ecosystems like Bullbit help push Web3 trading experiences further forward. Together, XBITDEX and Bullbit aim to explore new possibilities in decentralized trading, support broader ecosystem growth, and bring more value and accessibility to users across Web3. 🚀

Congratulations to @magyarpeterMP on becoming Prime Minister of Hungary. This Europe Day, our hearts are in Budapest. The hope and promise of renewal is a powerful signal in these challenging times. We have important work ahead of us. For Hungary and for Europe, we are moving forward together.

Last week, I came across a really interesting chart at an MIT event and thought it was worth sharing. The chart comes from the @nberpubs working paper Artificial Intelligence and the Labor Market. It looks at how exposed different jobs are to AI across wage levels. The general pattern is quite clear: the higher the salary, the more exposed the job tends to be to AI. But once you get to roughly the top 10% of earners, the curve starts to come down. One important clarification: “AI exposure” does not mean the chance of being replaced by AI. It is more about how much of a job could be changed, supported or automated by AI. Still, the chart made me think about a very practical question: Why are so many well-paid knowledge jobs highly exposed to AI, while the small group of people at the very top may actually be harder to replace? My view is that the higher you go, the less your value comes from simply doing tasks faster. It increasingly comes from whether you can: 👉 Ask the questions that really matter 👉 Make decisions with incomplete information 👉 Align different teams, resouraces and interests 👉 Take responsibility in critical situations 👉 Earn trust and get people to follow a direction For senior leaders, I think the AI era requires a few important shifts. 1️⃣ Move from high-level executor to organizational orchestrator AI and your team can both become part of your execution system. A leader’s value is not in personally completing every task. It is in defining the right problems, setting priorities, spotting risks and turning scattered outputs into something that creates real business value. 2️⃣ Build a deeper understanding of people and organizations AI has access to huge amounts of public knowledge, but it does not truly understand the internal culture, history, trust and power dynamics of a specific organization. It may not know what the board is really worried about. It may not understand what a client wants but has not said. And it may not see why a solution that looks completely logical on paper simply will not work inside a particular company. That kind of judgment comes from years of real negotiation, collaboration, conflict and crisis management. 3️⃣ Use AI to expand your management capacity A lot of a manager’s time used to be spent on reporting, communication, corrections and repetitive coordination. As AI takes on more basic analysis, information processing and workflow tasks, leaders can oversee more projects, understand more complex data and spend more time on the decisions that actually matter. A leader who uses AI well may eventually be able to manage a scale of business that previously required an entire small division. 4️⃣ Strengthen the abilities AI can support, but cannot truly own Judgment, empathy, persuasion, trust and leadership will become even more important. As more work becomes automated, genuine human connection may become more valuable, not less. When teams are dealing with uncertainty caused by AI, they need more than efficiency tools. They need someone who can explain the direction, build confidence and lead people forward together. That human side of leadership is still very difficult to automate. The more I think about it, the more I believe that being “irreplaceable” in the AI era is not about doing the same work faster than a machine. It is about being able to do what a machine cannot do on its own: 👉 Understand complex people, make sense of an uncertain reality, and lead others toward a future where there is no standard answer.

Why Did I Pause My Subscription Feature in Late May? — Protecting My Subscribers: Fans Are for Cherishing, Not Consuming. True Friends for Communication and Advancing Together. Hello everyone, old friends and new followers alike! I’m @cnfinancewatch . In late May, I made an important decision: I paused my subscription feature and stopped accepting new subscribers. Many people have asked why. Today, I’ll explain it clearly and summarize my core views since mid-May. Fans Are Not for Consumption — They Are to Be Cherished I have always treated my subscribers as friends for genuine communication and advancing (or retreating) together, not as traffic or revenue to be repeatedly monetized. Paid subscriptions represent trust and support, and I must honor that trust. In late May, I judged that the heated wave in AI and tech themes was nearing its end. Global interest rates were rising in sync, and a sharp market adjustment was imminent. I immediately closed the subscription channel and warned my existing subscribers right away: A big drop is coming — rotate into the four-quadrant strategy and buy BIL or China’s Yinhua Daily (银华日利) money-market equivalent. I would rather forgo some subscription revenue than let my followers buy at the peak and suffer heavy losses afterward. This is not marketing talk — it is basic respect for the people who trust me. Looking back: In September 2024 and again before the New Year last year, I also limited recruitment and exited at highs. This time was no different. When bullish, I keep short ideas in mind; when bearish, I prepare for longs; and when wrong, I correct quickly. That is how a real practitioner operates — not a perpetual bull-case promoter. My Core Views Since Mid-May: Stocks and Gold Are Not Worth Heavy Investment — Bonds Are the Best Choice Right Now Since mid-May, my analysis has centered on dynamic asset-class rotation using the four-quadrant holding strategy. In simple terms, capital rotates across four quadrants (growth equities, value equities, bonds/money market, and gold/defensive assets) according to clear signals. Current signals clearly point to the bond quadrant: Stocks (equities): Not worth heavy allocation. While A-shares have some policy and earnings support, volatility remains extremely high. Historically, very few retail investors consistently outperform low-risk products over the long term. U.S. stocks, especially AI and tech themes, face severe valuation compression as global rates rise in tandem (U.S. Treasuries, Europe, Japan, and Australia all moving higher together). Retail investors love “stories”; institutions are quietly exiting at highs. Since June I have repeatedly advised long-time followers to clear equities and move into bonds — this is based on interest rates, liquidity, and valuation confirmation, not guesswork. Gold: Not worth heavy investment in the current phase. Gold serves as a credit hedge in the Kondratiev “winter” phase, but in today’s environment of rising global rates and tightening dollar liquidity, its short-term appeal is weaker than short-duration bonds. Backtests show that blind gold allocation often drags down portfolio performance during rate-hike cycles. Bonds / Short-duration debt (the current core of the four-quadrant strategy): The best choice. BIL (SPDR 1-3 Month T-Bill ETF) and China’s short-term bond/money-market equivalents like Yinhua Daily provide low volatility, stable yields, and excellent liquidity. In the current global tightening cycle, they act as the highest-quality “cash equivalent.” Since mid-July I have continued to emphasize through quantitative signals and public posts: The four-quadrant holdings are currently BIL + bonds. Continue holding — no rotation needed. The power of the four-quadrant approach lies in negative-correlation rotation: when equities fall, bonds/short-duration assets provide a buffer; when markets stabilize, we rotate back into growth or value quadrants at better prices. Historical backtests show this full-cycle allocation keeps maximum drawdowns around 15–25% while delivering 7–9% annualized compound returns — far superior to the roller-coaster ride of pure equity portfolios. My Original Intention Has Never Changed Pausing subscriptions was not an escape from responsibility — it was a higher form of responsibility. I refuse to let paying friends lose money because of my calls, and I will never treat followers as disposable “products.” Real long-term relationships are built by giving the most honest and timely warnings at critical moments so everyone can preserve capital and move forward together. The market has since validated that judgment: the sudden meltdown that started in Korea and spread to U.S. and A-shares came exactly as signaled. By early June I had already shifted into defensive positioning. Final Words I am not infallible, but I will always treat everyone who trusts me with the highest level of responsibility. The core view since mid-May is simple: Stocks and gold are not worth heavy investment at this stage. Hold bonds and short-duration instruments, protect your capital, and wait for the four-quadrant signals to turn. This is not pessimism — it is respect for risk and genuine care for my followers. When the signals clearly turn bullish again, I will reopen the subscription channel. At that time, you are all welcome back. We will continue to communicate and advance (or retreat) together. Thank you to every long-time follower for your understanding and support. We don’t chase hot narratives — we do what is right. We don’t sell anxiety — we deliver truth. @cnfinancewatch July 2026 (This article is compiled from public posts and quantitative signals. It is for reference only and does not constitute investment advice. All investments carry risk; please make decisions carefully.)

This is an email I sent earlier today to all employees at Coinbase: Team, Today I’ve made the difficult decision to reduce the size of Coinbase by ~14%. I want to walk you through why we're doing this now, what it means for those affected, and how this positions us for the future. Why now Two forces are converging at the same time. We need to be front footed to respond to both. First, the market. Coinbase is well-capitalized, has diversified revenue streams, and is well-positioned to weather any storm. Crypto is also on the verge of the next wave of adoption, with stablecoins, prediction markets, tokenization, and more taking off. However, our business is still volatile from quarter to quarter. While we've managed through that cyclicality many times before and come out stronger on the other side, we’re currently in a down market and need to adjust our cost structure now so that we emerge from this period leaner, faster, and more efficient for our next phase of growth. Second, AI is changing how we work. Over the past year, I’ve watched engineers use AI to ship in days what used to take a team weeks. Non-technical teams are now shipping production code and many of our workflows are being automated. The pace of what's possible with a small, focused team has changed dramatically, and it's accelerating every day. All of this has led us to an inflection point, not just for Coinbase, but for every company. The biggest risk now is not taking action. We are adjusting early and deliberately to rebuild Coinbase to be lean, fast, and AI-native. We need to return to the speed and focus of our startup founding, with AI at our core. What this means To get there, we are not just reducing headcount and cutting costs, we’re fundamentally changing how we operate: rebuilding Coinbase as an intelligence, with humans around the edge aligning it. What does this mean in practice? - Fewer layers, faster decisions: We are flattening our org structure to 5 layers max below CEO/COO. Layers slow things down and create coordination tax. The future is small, high context teams that can move quickly. Leaders will own much more, with as many as 15+ direct reports. Fewer layers also means a leaner cost structure that is built to perform through all market cycles. - No pure managers: Every leader at Coinbase must also be a strong and active individual contributor. Managers should be like player-coaches, getting their hands dirty alongside their teams. - AI-native pods: We’ll be concentrating around AI-native talent who can manage fleets of agents to drive outsized impact. We’ll also be experimenting with reduced pod sizes, including “one person teams” with engineers, designers, and product managers all in one role. In short: AI is bringing a profound shift in how companies operate, and we’re reshaping Coinbase to lead in this new era. This is a new way of working, and we need to leverage AI across every facet of our jobs. To those who are affected I know there are real people behind these decisions — talented colleagues who have poured themselves into this company and our mission. To those of you who will be leaving: thank you. You’ve helped build Coinbase into what it is today, and I am sincerely grateful for everything you've done. All impacted team members will receive an email to their personal account in the next hour with more information, and an invitation to meet with an HRBP and a senior leader in your organization. Coinbase system access has been removed today. I know this feels sudden and harsh, but it is the only responsible choice given our duty to protect customer information. To those affected, we will be providing a comprehensive package to support you through this transition. US employees will receive a minimum of 16 weeks base pay (plus 2 weeks per year worked), their next equity vest, and 6 months of COBRA. Employees on a work visa will get extra transition support. Those outside of the US will receive similar support, based on local factors and subject to any consultation requirements. Coinbase prides itself on talent density. Our employees are among the most talented people in the world, and I have no doubt that your skills and experience will be highly sought after as you pursue your next chapters. How we move forward To the team that is staying, I know this is a difficult day. We’re saying goodbye to colleagues and friends you've been in the trenches with. But here’s what I want you to know as we move forward together: Over the past 13 years, we have weathered four crypto winters, gone public, and built the most trusted platform in our industry. We’ve made it this far by making hard decisions and by always staying focused on our mission. This time will be no different – nothing has changed about the long term outlook of our company or industry. And most importantly, our mission has never been more important for the world. Increasing economic freedom requires a new financial system, and we’re building it. The Coinbase that emerges from this will be more capable than ever to achieve our mission. Brian