Prominent Investor: Cryptocurrency 4-Year Cycle Top Emerges, US Stock Market AI Bubble to Drive Ups and Downs
BlockBeats News, November 14th - Alliance DAO co-founder QwQiao recently posted on social media, stating that despite macro factors such as Federal Reserve quantitative easing (QE), US Treasury General Account (TGA) rebuild, and interest rate cuts pointing to a market rally, intuitively "everything has come to an end." QwQiao described crypto as a "self-fulfilling asset class," emphasizing the inevitability of the four-year cycle prophecy, putting the market at a frustrating crossroads. As a long-time optimist, he has been feeling uneasy about the crypto market since mid-September, noting that most savvy traders and long-term investors have turned bearish.
Shifting focus to the US stock market, QwQiao sees artificial intelligence (AI) as the "sole factor" of the dominant cycle, far exceeding liquidity indicators and technical signals. He warned that if the AI bubble bursts, the entire market will collapse; conversely, if AI-related stocks continue to rise, the bears will be completely wrong. He compares NVIDIA to Bitcoin in crypto, noting that when AI stocks (especially NVIDIA) rise, funds flow out of assets like crypto, causing a decline, and vice versa, forming a binary scenario of "AI Stocks vs. Everything Else."
In a specific sector, QwQiao is bullish on the growth momentum of stablecoin startups, believing it far surpasses the speed of AI startups, mainly due to the scarcity of the stablecoin market competition, while the AI vertical has over 50 players. This year, his stock market investment return has significantly outperformed crypto, and he has not ventured into high-growth but inefficient AI stocks, instead favoring "quality companies at a reasonable price."
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Mixin has launched USTD-margined perpetual contracts, bringing derivative trading into the chat scene.
The privacy-focused crypto wallet Mixin announced today the launch of its U-based perpetual contract (a derivative priced in USDT). Unlike traditional exchanges, Mixin has taken a new approach by "liberating" derivative trading from isolated matching engines and embedding it into the instant messaging environment.
Users can directly open positions within the app with leverage of up to 200x, while sharing positions, discussing strategies, and copy trading within private communities. Trading, social interaction, and asset management are integrated into the same interface.
Based on its non-custodial architecture, Mixin has eliminated friction from the traditional onboarding process, allowing users to participate in perpetual contract trading without identity verification.
The trading process has been streamlined into five steps:
· Choose the trading asset
· Select long or short
· Input position size and leverage
· Confirm order details
· Confirm and open the position
The interface provides real-time visualization of price, position, and profit and loss (PnL), allowing users to complete trades without switching between multiple modules.
Mixin has directly integrated social features into the derivative trading environment. Users can create private trading communities and interact around real-time positions:
· End-to-end encrypted private groups supporting up to 1024 members
· End-to-end encrypted voice communication
· One-click position sharing
· One-click trade copying
On the execution side, Mixin aggregates liquidity from multiple sources and accesses decentralized protocol and external market liquidity through a unified trading interface.
By combining social interaction with trade execution, Mixin enables users to collaborate, share, and execute trading strategies instantly within the same environment.
Mixin has also introduced a referral incentive system based on trading behavior:
· Users can join with an invite code
· Up to 60% of trading fees as referral rewards
· Incentive mechanism designed for long-term, sustainable earnings
This model aims to drive user-driven network expansion and organic growth.
Mixin's derivative transactions are built on top of its existing self-custody wallet infrastructure, with core features including:
· Separation of transaction account and asset storage
· User full control over assets
· Platform does not custody user funds
· Built-in privacy mechanisms to reduce data exposure
The system aims to strike a balance between transaction efficiency, asset security, and privacy protection.
Against the background of perpetual contracts becoming a mainstream trading tool, Mixin is exploring a different development direction by lowering barriers, enhancing social and privacy attributes.
The platform does not only view transactions as execution actions but positions them as a networked activity: transactions have social attributes, strategies can be shared, and relationships between individuals also become part of the financial system.
Mixin's design is based on a user-initiated, user-controlled model. The platform neither custodies assets nor executes transactions on behalf of users.
This model aligns with a statement issued by the U.S. Securities and Exchange Commission (SEC) on April 13, 2026, titled "Staff Statement on Whether Partial User Interface Used in Preparing Cryptocurrency Securities Transactions May Require Broker-Dealer Registration."
The statement indicates that, under the premise where transactions are entirely initiated and controlled by users, non-custodial service providers that offer neutral interfaces may not need to register as broker-dealers or exchanges.
Mixin is a decentralized, self-custodial privacy wallet designed to provide secure and efficient digital asset management services.
Its core capabilities include:
· Aggregation: integrating multi-chain assets and routing between different transaction paths to simplify user operations
· High liquidity access: connecting to various liquidity sources, including decentralized protocols and external markets
· Decentralization: achieving full user control over assets without relying on custodial intermediaries
· Privacy protection: safeguarding assets and data through MPC, CryptoNote, and end-to-end encrypted communication
Mixin has been in operation for over 8 years, supporting over 40 blockchains and more than 10,000 assets, with a global user base exceeding 10 million and an on-chain self-custodied asset scale of over $1 billion.

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