In an AMA session with Hong Kong book club members, CZ discussed investment decision-making models, opposed blindly going all in, expressed optimism about RWA's blockchain implementation, and stated that young people's greatest advantage is time.

Despite interest rate hikes in the US, UK, and Japan, and the constraints of high interest rates, BTC rebounded thanks to ETFs and leveraged funds. However, profit-taking by long and short positions and rising exchange balances still created selling pressure.

On September 21, 2026, Backpack's native token BP continued its recent upward trend, with a 24-hour increase of over 42% and a new all-time high.

Over the past two years, Bitcoin has significantly outperformed major crypto assets, with institutional funds concentrating, altcoins being highly leveraged, and treasury buying slowing down, further exacerbating market divergence.

From a low of $16 to nearly 100 times in two years, Zcash has proven over a decade that the privacy narrative will ultimately be priced by the market.

SoftBank continues to bet on OpenAI by raising funds through high-yield bonds and multi-tiered loans, but huge interest payments, valuation volatility, and listing delays are amplifying its financial pressure.

Apple and Google are hiring people familiar with stablecoins and tokenized deposits to explore consumer finance applications and institutional-grade digital asset infrastructure, respectively.

Binance data shows that Generation Z prefers non-leveraged ETFs on crypto exchanges, trades less, and is more restrained in their leveraged investments.

Li Mingyang, a sophomore entrepreneur, talks about mathematical modeling and scientific and technological innovation: What is truly scarce in AI entrepreneurship is not tools, but an understanding of real-world scenarios and the ability to take action by going deep into the front lines.

Stablecoins are seen as a panacea for cross-border payments, but fintech companies have already achieved this quickly and cheaply at a lower cost. The real value of stablecoins lies in breaking down closed networks into open markets.