Crypto Guides, Knowledge & Insights

Leon Li Returns with UMX: Crypto and Stocks “Tie the Knot” — The TradFi Moment Has Arrived, and the

Recently, UMX Exchange, incubated by Leon Li s (Li Lin) Avenir Group, officially launched its invitation-only public beta.　　Because of Leon Li ‘sidentity as the former founder of Huobi and UMX’s “Unified Market” vision, the platform attracted strong industry attention immediately after launch.　　Thirteen years ago, Leon Li founded Huobi at Garage Coffee. That was the era of crypto “land grabbing,” when the industrys mission was simple: make Bitcoin accessible to more people. It was straightforward and aggressive.　　Thirteen years later, the rules of the game have changed.　　Cryptos self-contained “small world” is coming to an end. It now wants a seat at the same table as U.S. stocks, ETFs, and other forms of “old money.”　　The reason is simple: the crypto island is gradually connecting with the traditional financial mainland.　　Bitcoin spot ETFs have been approved in the United States. Stablecoins have gained legislative recognition from major economies. Real-world assets (RWA) are bringing government bonds and stocks into the crypto ecosystem. The era when crypto-operates independently is fading, and a new continent is emerging at the intersection of digital assets and traditional finance.　　2026 can be described as the “TradFi moment” for crypto exchanges.　　Crypto exchanges are collectively “transforming” or “expanding”: Binance, OKX, Gate, Coinbase, Kraken, and

08-14Deep Dive

U.S. Crypto Regulation Drama Update: Congress Stalls, SEC Takes the Lead

The “savior” that the crypto industry had been waiting for over a year — the CLARITY Act (Digital Asset Market Clarity Act) — passed the House and cleared the committee stage. But when it reached the full Senate vote… it got delayed.　　(The postponement was confirmed on August 6, with a new vote expected on September 15.)　　On Polymarket, the probability of the bill passing this year plunged from 82% to 21%. A brutal reversal, to say the least.　　With Congress stuck, SEC Chairman Paul Atkins decided to take a different route.　　On August 14, the SEC will push forward the Regulation Crypto proposal, whose core idea is that the SEC is shifting from its previous approach of “enforcement after the fact” to “leading with clear rules.”　　Instead of forcing companies to rely on lawyers interpretations, the SEC aims to tell the industry what the rules are and how exemptions can be obtained.　　But dont celebrate too early:　　The August 14 vote only decides whether the proposal will be released for public comment.　　The rules would not take effect until at least 2027.　　So for now, it is more of a signal:　　Regulatory certainty is emerging through the executive branch.　　In the short term, the market impact may be limited.　　But in

08-13Deep Dive

2026: The Crypto Industry’s “Compliance Elimination Tournament” Begins — Who Will Pass, and Who Will

In 2026, the crypto industry entered the largest regulatory “encirclement” in its history.　　On July 1, the European Union‘s MiCA transition period officially ended. The world’s first unified crypto regulatory framework fully came into effect. Among the tens of thousands of crypto service providers operating in Europe, only around 280 successfully obtained MiCA authorization.　　Less than two months later, on August 14, the U.S. Securities and Exchange Commission (SEC) will hold an open meeting to vote on whether to formally propose a crypto asset regulatory framework known as “Regulation Crypto.”　　This is not a coincidence. Hong Kong, Singapore, the United Kingdom, Japan, the United Arab Emirates, and other major global markets have almost simultaneously drawn their regulatory lines. The “Wild West” era of crypto is coming to an end, and the industrys “compliance elimination tournament” has officially begun.　　As regulation moves from the “Wild West” to “Wall Street,” the real survival game begins.　　For any centralized exchange (CEX), 2026 offers only three paths:　　Obtain a license, wait in line for one, or shut down.　　There is no longer an option to “wait and see.”　　Lets examine who is passing the test, who is struggling, and who has already been eliminated in this regulatory storm.Global Regulatory Landscape: One World

08-13Deep Dive

U.S. July CPI Data Released：The crypto market’s five-week “final exam” is finally here.

At 8:30 PM Beijing time tonight, the U.S. July CPI data will be released, and the current range-bound market may finally break out.　　Heres the most likely scenario first:　　Market consensus:Headline CPI YoY: 3.4%Core CPI YoY: 2.5%　　Compared with the previous reading, inflation is steadily cooling — but not enough to trigger a major market shock.　　So what happens to BTC？　　???? If CPI comes in as expected (around 3.4%) — highest probability scenario:BTC may push toward $64,500–$65,000, then likely return to its previous range.　　Whales have accumulated more than $300 million in short positions above $64K — this is not a level to ignore.　　???? If CPI comes in lower than expected (3.3%) — biggest market impact:A September rate hike would be essentially off the table.　　The dollar falls, Treasury yields decline, and BTC could ride the liquidity wave toward $67,000–$68,000.　　???? If CPI comes in higher than expected (3.5%) — worst-case scenario:The “stagflation trade” kicks in, which is the scenario risk assets fear most.　　BTC could retest $62,000 or even $60,000.　　The simple truth:　　Todays market direction is not determined by whether the data is “good” or “bad” — it depends on how far the numbers deviate from expectations.　　For BTC, keep an eye on two key levels:　　???? $64,500???? $62,500　　Break above

08-12Deep Dive

Under the Deep Bear Market in Crypto: The Exchange Exodus Wave Is Here — Who Will Be Next? An In-Dep

The crypto market continued to cool down in 2026. Under the deep bear market, its not just retail investors getting wiped out — even crypto exchanges have started lining up to “meet their end.”　　According to RootData statistics, more than 100 crypto projects have died in 2026, covering exchanges, Layer 1 blockchains, Layer 2 networks, and DeFi protocols. In just the past month, four well-known exchanges — AscendEX, EXMO, BitMEX, and BitMart — have successively shut down. However, this may only be the beginning.　　2026 Crypto Dead Projects List（Source: RootData）　　This wave of exchange collapses is different from what happened in 2022. Back then, it was an explosion: Luna went to zero within three days, FTX suffered a bank run, and Celsius froze withdrawals — the deaths happened almost instantly. In 2026, however, most platforms are dying from starvation. There are no major hacks, no mass withdrawals, and no law enforcement raids — the business simply stopped making money.　　But “starving to death” is more frightening than “being blown up.” An explosion is a one-time event; if you avoid it, you survive. Starvation is a chronic illness. You have no idea which exchange‘s account balance is already too low to even pay next month’s

08-12Deep Dive

The Billionaire Who Fell Naked from the 30th Floor: A Profile of the Crypto Tycoon’s Mysterious Deat

At 4:30 a.m. on August 7, 2026, beneath the Jade Park apartment building in Asunción, Paraguay, the body of a naked man was found lying quietly on the ground, covered with a black plastic bag. He had fallen from the 30th floor. The apartment door on the 30th floor was left open, and the interior was found in complete disarray.　　The 29-year-old Brazilian girlfriend, who lived on the 27th floor, told police officers who arrived to collect evidence:　　“I dont know anything.”　　The deceased was Harry Chun Tak Yeh, whose Chinese name was Ye Junde. He was an early Bitcoin OG who entered the market in 2013, when Bitcoin was still around $60. He was the founder of Quantum Fintech Group and the operator behind Tomb Finance. He once claimed to manage $2.4 billion in assets and pushed Tomb Finance to a peak market capitalization of $1.6 billion.　　Then, the project went to zero — and so did the man.　　This was not the first case, and it certainly will not be the last.　　Today, we take a look at the “spectacular deaths” of major figures in the crypto industry over the past decade. We rank them based on levels of mystery, personal wrongdoing, and impact.

08-11Deep Dive

The Billionaire Who Fell Naked from the 30th Floor: A Profile of the Crypto Tycoon’s Mysterious Deat

08-11Deep Dive

Crypto Exchange Exit Ranking: An Unprecedented “Great Escape” in the Crypto Industry!

In October 2025, Bitcoin had just touched its all-time high of $126,199 (according to Binance data) before suddenly staging a spectacular free fall from the sky. As the U.S.-China trade war reignited, the crypto market witnessed $19 billion in liquidations, with 1.6 million traders wiped out overnight. Altcoins suffered even more brutally, with most dropping 70%-80%, creating what many called a crypto version of “9/11.”　　But the biggest contribution of this crash was not simply making investors lose money — it became a high-definition mirror exposing the truth. The exchanges that had been surviving on the bubble-driven bull market suddenly revealed their real condition overnight. Some disappeared, some shut down, and some turned against each other in public disputes. The drama became more spectacular in every case.　　Even more shocking, in July 2026, three exchanges exited the stage within a single month: AscendEX, BitMEX, and BitMart all suffered major setbacks and withdrew from the battlefield. Combined with the exchanges that collapsed in 2025, including TradeOgre, XeggeX, and Tokenize Xchange, as well as earlier disasters such as JPEX and AAX, this is no ordinary bear market — it is a “Jurassic extinction event” for crypto exchanges.　　After an exchange collapses, the biggest problem is

08-10Deep Dive

Binance vs. RedotPay: The $470 Million “Ex-Partner Revenge Saga” — Who Owns the Users in Crypto?

In August 2026, the crypto world was thrown into chaos.　　The worlds largest cryptocurrency exchange, Binance, filed a lawsuit against the three co-founders of leading crypto payment card company RedotPay in Hong Kong, seeking $472.8 million in damages. At the same time, Binance launched another legal action in Singapore against entities affiliated with RedotPay, with the hearing having concluded this morning.　　On one side is Binance, the world‘s largest crypto exchange. On the other side is RedotPay, a rising star in Hong Kong’s stablecoin payment sector, widely known in the crypto community as the “Little Red Card”.　　This is not an ordinary business dispute. In its lawsuit, Binance used a highly serious term: “fraudulent scheme.”　　And at the center of this battle lies a question that every crypto user should pay attention to:　　In the crypto world, who really owns the users？A $470 Million “Revenge of the Ex” Saga: Two Agreements, Two “Betrayals”？　　The story begins three years ago...　　In 2023, Visa stopped issuing Binance-branded cards in Europe, followed by Mastercard announcing the termination of its partnership with Binance. Binance‘s card service was gone, but users’ demand for spending crypto assets remained.　　That was when RedotPay entered the scene.　　Its product was simple: a crypto debit card connected to

08-07Deep Dive

Former 100x Token DEXE Crashes 97%: Why Are Small-Cap Coins That Surge During Bear Markets a Trap?

Recently, two prominent crypto figures on X, @blmario669 and @choc07_, highlighted the same issue: DEXE, once considered a potential 100x gem, plunged from $46.9 to $5.6 within a single day, an 88% drop. (It has since fallen to a low of $1.5, representing a 97% decline.) During the crash, a large investor reportedly suffered losses of nearly $1.7 million, equivalent to more than 10 million RMB.　　The sharp decline in DEXE has drawn attention toward market maker DWF Labs, which was accused of using the Ceffu MirrorX mechanism to bypass on-chain monitoring and execute a large-scale sell-off.　　For more detailed information, please refer to: @blmario669 and @choc07_.　　DEXE operates in the decentralized social trading and asset management sector. In October last year, it followed the broader market downturn and dropped to a low of $0.136. However, starting in February this year, it went against the market trend and entered a five-month consecutive rally, reaching $49.4 on July 13. The token recorded a peak gain of more than 360x, making it a true “100x coin.” Its market capitalization ranking also surged from outside the top 100 into the top 50.　　However, just seven days after reaching its all-time high, on July 21, DEXE suffered an

08-07Deep Dive

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