Diving Observation Diary 10.8 Oh no, drank too much hahaha. Anyway, it’s not the first time, you guys should be used to it by now. Let’s get to the serious stuff. Honestly, the girls at Ju Heng aren’t as pretty as the ones in Vietnam, pretty average quality. But the alcohol in Singapore is legit—drank over a bottle of Macallan and didn’t even throw up. 1. About 30% of the booths at 2049 are tied to Ponzi schemes, and honestly, there’s almost no consensus left among people. The overall sentiment is extremely pessimistic. Everyone’s talking about compliance, but barely anyone thinks crypto is still the space where you can flip your life overnight anymore. 2. The above point reflects the mood across the Chinese-speaking community. What’s interesting is that foreigners are still full of enthusiasm. The general vibe is: making money is great, but if not, that’s fine too—I’m just here for the crypto space. 3. BSC is pretty much dead, but there are quite a few dogs on SOL hitting single-day 1m volumes. When SOL drops a 100m big gold project, BSC’s counterattack might kick off. The most lavish meal was still at the home banquet hosted by the brothers who left Shenzhen for Singapore. Every meal feels like going back to 2019. But honestly, it really does feel like 2019 again—if crypto doesn’t come up with something new soon, the Ponzi era might be about to start.