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Bit_Rase
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Binance really went all out this time, directly throwing 400 million dollars into the market rescue Everyone should remember the crash last weekend, right? Many people were liquidated and couldn't sleep all night. I have friends who directly lost tens of thousands of dollars, and they were completely numb. As a result, I didn't expect Binance to announce a big move, putting out a total of 400 million dollars for user compensation and industry relief. The project called the 'Same Boat Plan' is divided into two parts. One part is 300 million dollars directly given as token vouchers to liquidated users. As long as you were forcibly liquidated on the 10th or 11th, with losses exceeding 50 dollars and accounting for more than 30% of your total assets, you can apply for compensation. The maximum you can get is 6000 dollars, which is not a small amount. The other 100 million dollars is low-interest loans, specifically for those institutions and partners that have been hit hard, to help them catch their breath. To be honest, there are so many exchanges in this industry, but I have not seen a second one that is truly willing to spend real money when users are in their most difficult times. Binance's actions this time are not just for show; they are genuinely taking responsibility. Compensation will be distributed within 96 hours, so remember to check your account and don't miss it. Platforms that can stand up in such times are indeed worthy of trust. $BTC
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BitMine's Accumulation of 200,000 ETH, I Respect This Situation While everyone was in a panic sell-off on Black Friday, what was BitMine, this NASDAQ-listed company, doing? Buy Buy Buy 202,037 ETH, 827 million USD, all purchased over the weekend. Comparison of Whale Accumulation After Black Friday They now hold a total of 3.03 million ETH, accounting for 2.5% of the total supply. The world's second-largest crypto treasury company, second only to Strategy. Chairman Tom Lee said well: This liquidation created a price gap for ETH. Their goal is to hold 5% of the ETH supply, and they have only completed half so far. This is the difference between institutions and retail investors. Retail investors panic and rush to cut losses when they see a crash. Institutions see cheap chips and confidently buy the dip. $BTC
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S&P and Chainlink collaborate but LINK dropped by 5% hahaha The crypto market is truly magical Institutions of this level, like S&P Global, have officially announced they will use Chainlink's oracle network to publish stablecoin risk ratings. How significant is this? It means the risk scores of stablecoins like USDT and USDC will be updated on-chain in real time, and DeFi protocols can call them directly. This is true institutional adoption, a landmark event for the integration of Web3 and traditional finance. So what? LINK dropped by 5%. Dropped from 19.8 to 18.41, showing no mercy. The comments section is full of jokes about "Sell the news." But I think this drop is entirely due to market sentiment. The entire market is down, BTC and ETH are all in the red, can LINK stand out? Impossible. $BTC
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JPMorgan has finally admitted Did you all watch that CNBC interview? JPMorgan's head of digital assets, Scott Lucas, said in person that they are working on cryptocurrency trading services. But — here comes the key point — no custody. What does this mean? It means they let you buy and sell BTC, but do not help you keep your private keys. Your coins still have to be kept on Coinbase or another custodian. JPMorgan is just acting as an intermediary to make a profit. To be honest, this is the real Wall Street style. Want profits, not risks. Custody is too troublesome; who is responsible if coins are lost? So they simply outsource. But the trading fees still need to be earned. That said, JPMorgan's entry this time is quite significant. After all, Jamie Dimon has criticized Bitcoin for so many years, and now his own bank is starting to sell it, which is quite a slap in the face. $BTC
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Wow, 12 billion US dollars worth of BTC seized by the US government??? This news is so damn magical The US Treasury, in conjunction with the FBI, directly took down a Cambodian scam group called Prince Group. These people specialize in the 'pig butchering' scheme. As a result, upon checking the accounts, they found 127,271 BTC, worth 12 billion US dollars at current prices. What is this concept? That fool Michael Saylor from Strategy hoarded over 400,000 coins after a long time, and these scammers directly had over 120,000 coins. Moreover, now they are all seized by the US government, stored in their own custody wallet. The most outrageous part is the subsequent operation—some analysts say this batch of coins might go directly into Trump's 'strategic Bitcoin reserve'. You heard that right, the US might treat these seized BTC like gold. I am an old speculator who has been trading cryptocurrencies for five years. Now when I see news like this, I don't know whether to laugh or cry. On one hand, I think the scammers deserve it; on the other hand, I wonder what would happen to the market if this 12 billion were to crash it. But then I think, if the government holds onto it and doesn't sell, it might be more stable than letting it circulate. $BTC
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