美元
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The status of the US dollar faces challenges: cryptocurrencies, stablecoins and payment systems are emerging!
As an important international currency in the world, the US dollar has unparalleled advantages and influence. However, with the rapid development of financial technology and the changing global financial landscape, cryptocurrencies, stablecoins and other digital assets or payment systems are gradually emerging, providing a variety of possible alternatives for governments seeking geopolitical advantages.
As a new type of digital asset, cryptocurrency has the characteristics of decentralization, anonymity and cross-border payment, providing new options for governments seeking to break free from the constraints of the traditional financial system. Cryptocurrencies also face problems such as high volatility, lack of regulation and security, which limits their potential as a widely accepted value storage and exchange medium.
Stablecoins maintain their value stability by pegging to traditional assets (such as the US dollar, gold, etc.). This design gives stablecoins certain advantages in value storage and cross-border payments, especially in areas where currency fluctuations are large. The issuance and regulation of stablecoins still face many challenges, including how to ensure the authenticity and security of the pegged assets and how to avoid being used for illegal activities.
With the advancement of payment technology, digital payment systems have been widely used around the world. These systems not only reduce transaction costs, but also improve payment efficiency, providing governments and businesses with a more convenient way to transfer funds. The popularization of digital payment systems also requires solving some key issues, such as data privacy protection and network security.
Whether the US dollar will be replaced by cryptocurrencies, stablecoins or other digital assets or payment systems is not a simple question of right or wrong. Secondly, various digital assets and payment systems have their own unique advantages and limitations, and they will compete and complement each other with the traditional financial system.
#CPI数据 #美元 #支付系统
#币圈新闻
As an important international currency in the world, the US dollar has unparalleled advantages and influence. However, with the rapid development of financial technology and the changing global financial landscape, cryptocurrencies, stablecoins and other digital assets or payment systems are gradually emerging, providing a variety of possible alternatives for governments seeking geopolitical advantages.
As a new type of digital asset, cryptocurrency has the characteristics of decentralization, anonymity and cross-border payment, providing new options for governments seeking to break free from the constraints of the traditional financial system. Cryptocurrencies also face problems such as high volatility, lack of regulation and security, which limits their potential as a widely accepted value storage and exchange medium.
Stablecoins maintain their value stability by pegging to traditional assets (such as the US dollar, gold, etc.). This design gives stablecoins certain advantages in value storage and cross-border payments, especially in areas where currency fluctuations are large. The issuance and regulation of stablecoins still face many challenges, including how to ensure the authenticity and security of the pegged assets and how to avoid being used for illegal activities.
With the advancement of payment technology, digital payment systems have been widely used around the world. These systems not only reduce transaction costs, but also improve payment efficiency, providing governments and businesses with a more convenient way to transfer funds. The popularization of digital payment systems also requires solving some key issues, such as data privacy protection and network security.
Whether the US dollar will be replaced by cryptocurrencies, stablecoins or other digital assets or payment systems is not a simple question of right or wrong. Secondly, various digital assets and payment systems have their own unique advantages and limitations, and they will compete and complement each other with the traditional financial system.
#CPI数据 #美元 #支付系统
#币圈新闻
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I heard that pyusd is now available in US dollars. Why does my PayPal account balance not include pyusd?
In addition, can the China UnionPay card bound to my account be used across borders? #美元
In addition, can the China UnionPay card bound to my account be used across borders? #美元
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[Lottery Opportunities] Binance’s bi-weekly lottery “Binance Pay One Dollar Game” is back! The latest prizes are all drawn #BNB ~
In fact, many old users have known about this event for a long time. As long as you prepare 0.01 USDT in your Binance account, and then spend a few seconds and clicks, you can participate in the 1BNB lottery!
When you win, 0.01 USDT will be exchanged for 1BNB. If you don’t win, 0.01 USDT will be returned to you, which is equivalent to playing for free! Hurry up and click the link below to participate~
✴️It is recommended to click on the invitation link to open an account first to get a 20% handling fee discount, and then participate in the one dollar game event. Otherwise, there will be no handling fee discount for future transactions on your account, which is a pity!
✅Click this invitation link to open an account and get a 20% handling fee discount: https://www.binance.com/zh-TC/join?ref=Y5GUUP55
✅Activity portal: https://www.binance.com/zh-TC/my/wallet/account/payment/dollargame
Web version path [Home]>[More]>[Payment]>[1 USD Game]
Mobile version path [Home]>[More]>[Common Functions]>[Payment]>[1 USD Game]
Is there anyone who won the lottery on Binance Square? Welcome to post pictures in the message area XD
#幣安抽獎 #幣安支付 #美元 #USDT $BNB $USDC $FDUSD
In fact, many old users have known about this event for a long time. As long as you prepare 0.01 USDT in your Binance account, and then spend a few seconds and clicks, you can participate in the 1BNB lottery!
When you win, 0.01 USDT will be exchanged for 1BNB. If you don’t win, 0.01 USDT will be returned to you, which is equivalent to playing for free! Hurry up and click the link below to participate~
✴️It is recommended to click on the invitation link to open an account first to get a 20% handling fee discount, and then participate in the one dollar game event. Otherwise, there will be no handling fee discount for future transactions on your account, which is a pity!
✅Click this invitation link to open an account and get a 20% handling fee discount: https://www.binance.com/zh-TC/join?ref=Y5GUUP55
✅Activity portal: https://www.binance.com/zh-TC/my/wallet/account/payment/dollargame
Web version path [Home]>[More]>[Payment]>[1 USD Game]
Mobile version path [Home]>[More]>[Common Functions]>[Payment]>[1 USD Game]
Is there anyone who won the lottery on Binance Square? Welcome to post pictures in the message area XD
#幣安抽獎 #幣安支付 #美元 #USDT $BNB $USDC $FDUSD
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US Dollar Index: The strong support area of 102.72/103.34 was unexpectedly broken due to the impact of tariffs, leading to a new low in prices, illustrating that one cannot predict Trump’s whims.
Now, the theory of a dollar collapse is being discussed widely, even by the elderly in the vegetable market.
Needless to say, the US Dollar Index has reached the critical support range of 98.25/98.94 for the long cycle, coinciding with the long-term trend line on the weekly chart, and most importantly, the daily chart has formed an engulfing pattern at this key point. The US Dollar Index will next challenge the long-term critical resistance range of 102.72/103.3. After that, we will determine the subsequent trend.
Factors that may drive the US Dollar Index higher in the future are likely to be expectations of another interest rate hike.
#美元
Now, the theory of a dollar collapse is being discussed widely, even by the elderly in the vegetable market.
Needless to say, the US Dollar Index has reached the critical support range of 98.25/98.94 for the long cycle, coinciding with the long-term trend line on the weekly chart, and most importantly, the daily chart has formed an engulfing pattern at this key point. The US Dollar Index will next challenge the long-term critical resistance range of 102.72/103.3. After that, we will determine the subsequent trend.
Factors that may drive the US Dollar Index higher in the future are likely to be expectations of another interest rate hike.
#美元
Trump actually broke the US Dollar index!
If the US Dollar index breaks this key level and can't return, it will be troublesome.
#美国加征关税
If the US Dollar index breaks this key level and can't return, it will be troublesome.
#美国加征关税
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Harvard Professor, Former Chief Economist of the IMF: Cryptocurrencies are Threatening the Dominance of the Dollar
Kenneth Rogoff, a Harvard University economics professor and former chief economist of the International Monetary Fund (IMF), recently made a stunning claim in an interview with Bloomberg, stating that the rise of cryptocurrencies is posing an increasing threat to the hegemony of the dollar!
Rogoff pointed out that while the dollar remains the world's primary currency, its influence is gradually declining. He believes that, in addition to factors such as the yuan and the euro, the growing popularity of cryptocurrencies in the gray market (underground economy) is also a significant reason for the decline of the dollar's dominance.
According to a survey by Rogoff and the World Bank, the underground economy, or what we commonly refer to as the shadow economy, accounts for 20% of the global economy, approximately $20-25 trillion! Tax evasion and criminal activities are major components of this.
For decades, the dollar has been the mainstay of the underground economy. But now, with its anonymity and cross-border convenience, cryptocurrencies are gradually replacing the dollar, becoming the new favorite for secret activities such as dark web transactions.
It is noteworthy that Rogoff also pointed out in his new book, "Our Dollar, Your Problem," that the widespread use of cryptocurrencies in the underground economy is gradually undermining the global position of the dollar, which could lead to rising interest rates and impact global markets, from government bonds to mortgages, with no one being spared.
Rogoff believes that although cryptocurrencies are constrained by government influence in the legitimate economy, they find it difficult to shake the dollar's position. However, in the relatively loosely regulated underground economy, the advantages of cryptocurrencies become evident.
Nevertheless, Rogoff does not believe that cryptocurrencies are merely a scam. He considers cryptocurrencies to have value because they provide a widely accepted medium of exchange. Even if governments strengthen regulations, it is difficult to completely control the application of cryptocurrencies in the underground economy.
In summary, Rogoff's views provoke deep reflection on the future of currency and the global economic landscape. What impact will the rise of cryptocurrencies have on the dollar? How will the future monetary system evolve? These questions deserve our continued attention and discussion.
#加密货币 #美元 #经济 #未来货币
Kenneth Rogoff, a Harvard University economics professor and former chief economist of the International Monetary Fund (IMF), recently made a stunning claim in an interview with Bloomberg, stating that the rise of cryptocurrencies is posing an increasing threat to the hegemony of the dollar!
Rogoff pointed out that while the dollar remains the world's primary currency, its influence is gradually declining. He believes that, in addition to factors such as the yuan and the euro, the growing popularity of cryptocurrencies in the gray market (underground economy) is also a significant reason for the decline of the dollar's dominance.
According to a survey by Rogoff and the World Bank, the underground economy, or what we commonly refer to as the shadow economy, accounts for 20% of the global economy, approximately $20-25 trillion! Tax evasion and criminal activities are major components of this.
For decades, the dollar has been the mainstay of the underground economy. But now, with its anonymity and cross-border convenience, cryptocurrencies are gradually replacing the dollar, becoming the new favorite for secret activities such as dark web transactions.
It is noteworthy that Rogoff also pointed out in his new book, "Our Dollar, Your Problem," that the widespread use of cryptocurrencies in the underground economy is gradually undermining the global position of the dollar, which could lead to rising interest rates and impact global markets, from government bonds to mortgages, with no one being spared.
Rogoff believes that although cryptocurrencies are constrained by government influence in the legitimate economy, they find it difficult to shake the dollar's position. However, in the relatively loosely regulated underground economy, the advantages of cryptocurrencies become evident.
Nevertheless, Rogoff does not believe that cryptocurrencies are merely a scam. He considers cryptocurrencies to have value because they provide a widely accepted medium of exchange. Even if governments strengthen regulations, it is difficult to completely control the application of cryptocurrencies in the underground economy.
In summary, Rogoff's views provoke deep reflection on the future of currency and the global economic landscape. What impact will the rise of cryptocurrencies have on the dollar? How will the future monetary system evolve? These questions deserve our continued attention and discussion.
#加密货币 #美元 #经济 #未来货币
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Former US President Donald Trump’s recent stance on Bitcoin. Trump said he would not crack down on Bitcoin if he is re-elected as president in November. This contrasts with his previous negative comments about Bitcoin. Although he still does not support Bitcoin competing with the US dollar, he acknowledges that Bitcoin is already widely used and has vitality. Trump also mentioned that while he doesn’t own Bitcoin himself, he allows people to use Bitcoin to pay for his products, such as his recently released gold sneakers. The shoes were released at Sneaker Con in Philadelphia for $399 and sold out quickly. Trump said he was surprised to notice that many products were paid for in Bitcoin. Still, he supports the dollar's dominance.
#热门话题 #BTC #美元 #trump
$BTC
#热门话题 #BTC #美元 #trump
$BTC
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In the past 10 years, USDCNH has been oscillating sinusoidally around the center of the upward channel of the weekly chart, and consolidating around the upper and lower channels.
This is also in line with the fact that the RMB will never go out of extreme trends. Don't bet on super unilateralism.
The range contains changes in the strength and weakness of China's exports. The core essence of the RMB is still driven by exports, and the turning point of the export strength and weakness cycle is not a short-term factor.
The small spring of global trade in 2017-2018 led to strong external demand and strong exports in China, so the USDCNH price will run to the lower track of the channel. The 2020/2021 epidemic caused supply chain obstruction, and domestic exports stood out in the world. When the epidemic gradually recovered, the global supply chain began to break. During this period, USDCNH ran to the lower track of the channel again.
We all know what happened in the next few years. The deterioration of the situation pushed USDCNH back to the upper track of the channel again.
The hawkish cabinet in the United States that will take office in 2025 may accelerate this process visibly, and USDCNH will move closer to new highs.
The RMB has not broken the rules of the past ten years, and USDCNH will eventually go to 7.52.
#USDCNH #DXY #FOREX #人民币 #美元
This is also in line with the fact that the RMB will never go out of extreme trends. Don't bet on super unilateralism.
The range contains changes in the strength and weakness of China's exports. The core essence of the RMB is still driven by exports, and the turning point of the export strength and weakness cycle is not a short-term factor.
The small spring of global trade in 2017-2018 led to strong external demand and strong exports in China, so the USDCNH price will run to the lower track of the channel. The 2020/2021 epidemic caused supply chain obstruction, and domestic exports stood out in the world. When the epidemic gradually recovered, the global supply chain began to break. During this period, USDCNH ran to the lower track of the channel again.
We all know what happened in the next few years. The deterioration of the situation pushed USDCNH back to the upper track of the channel again.
The hawkish cabinet in the United States that will take office in 2025 may accelerate this process visibly, and USDCNH will move closer to new highs.
The RMB has not broken the rules of the past ten years, and USDCNH will eventually go to 7.52.
#USDCNH #DXY #FOREX #人民币 #美元
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Four major potential risk events in the fourth quarter of this year:
1: The 30% increase in crude oil has led to the resurgence of inflation
The Federal Reserve pauses interest rate hikes;
2: The U.S. government shutdown is beset by crises;
Three: European economic recession, active or passive appreciation of the US dollar;
Four: The U.S. auto workers' strike escalates, pushing up wages and reversing expectations of a soft landing for the U.S. economy.
#原油 #美元 #BTC
1: The 30% increase in crude oil has led to the resurgence of inflation
The Federal Reserve pauses interest rate hikes;
2: The U.S. government shutdown is beset by crises;
Three: European economic recession, active or passive appreciation of the US dollar;
Four: The U.S. auto workers' strike escalates, pushing up wages and reversing expectations of a soft landing for the U.S. economy.
#原油 #美元 #BTC
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Two big news came from China's political arena! "Hawkish rate hike" officials defended the US dollar, gold 2327 sounded the counterattack, Wall Street funds flowed back to Bitcoin!
On Friday (June 28), the US dollar index fell to 105.88. Despite a slight decline, the Fed's hawkish officials were willing to support another rate hike, supporting buying before the release of the US PCE. Gold sounded the horn of counterattack at $2,327, but it is still necessary to be cautious of unexpected PCE explosions. Wall Street funds flowed back to the Bitcoin spot ETF, stimulating the price of the currency to rebound to $61,700.
China's Third Central Committee meeting to be held on July 15, two defense ministers expelled from the party
The Third Plenary Session of the 20th Central Committee of the Communist Party of China, which has been postponed for more than half a year, has finally been scheduled to be held in Beijing from July 15 to 18. According to the official media Xinhua News Agency, the Political Bureau of the CPC Central Committee yesterday listened to a report on the solicitation of opinions on the draft "Decision of the CPC Central Committee on Further Comprehensively Deepening Reforms and Promoting Chinese-style Modernization" within and outside the party, and decided to submit the draft document to the Third Plenary Session of the 20th Central Committee for deliberation after making revisions based on the opinions discussed at this meeting.
China's Third Central Committee meeting to be held on July 15, two defense ministers expelled from the party
The Third Plenary Session of the 20th Central Committee of the Communist Party of China, which has been postponed for more than half a year, has finally been scheduled to be held in Beijing from July 15 to 18. According to the official media Xinhua News Agency, the Political Bureau of the CPC Central Committee yesterday listened to a report on the solicitation of opinions on the draft "Decision of the CPC Central Committee on Further Comprehensively Deepening Reforms and Promoting Chinese-style Modernization" within and outside the party, and decided to submit the draft document to the Third Plenary Session of the 20th Central Committee for deliberation after making revisions based on the opinions discussed at this meeting.
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Hot topics on September 18
Web3 hot topics on September 18
1. Bitcoin CEX platform deposit addresses dropped to a multi-year low
On September 18, the number of Bitcoin CEX platform deposit addresses dropped to 132,100, a multi-year low. This indicator represents the number of addresses that send inflow transactions to the trading platform. The number of investors selling Bitcoin on the spot trading platform has decreased, and the selling pressure may be reduced.
2. The Crypto Market Structure Act is expected to be supported by the end of the year
Patrick McHenry, a Republican and chairman of the U.S. House Financial Services Committee, will retire in January next year. He said in a panel discussion at the Georgetown University Financial Market Quality Conference that he expects the Crypto Market Structure Act to be supported by the end of the year.
3. Gold prices are close to historical highs
Gold prices rose slightly in early Asian trading. Tickmill analyst Joseph Dahrieh said that gold prices are still close to historical highs, driven by a weak dollar and rising expectations of a sharp interest rate cut by the Federal Reserve.
4. The Federal Reserve is about to announce its interest rate decision
The Federal Reserve will announce its interest rate decision at 02:00 on the 19th, Eastern Time (GMT+8), which is expected to stir up the foreign exchange market. If the interest rate is cut by 25 basis points, the US dollar may rise in a knee-jerk manner, and the USD/JPY may return to above 142.00; if the interest rate is cut by 50 basis points, the currency pair may fall to the psychological level of 140.
5. Vice President Harris will speak in Washington on Wednesday
Market news: US Vice President Harris will speak in Washington at 12:15 pm Eastern Time on Wednesday (0:15 am the next day Eastern Time (GMT+8)).
#token2049 #降息 #黄金 #BTC☀ #美元
Web3 hot topics on September 18
1. Bitcoin CEX platform deposit addresses dropped to a multi-year low
On September 18, the number of Bitcoin CEX platform deposit addresses dropped to 132,100, a multi-year low. This indicator represents the number of addresses that send inflow transactions to the trading platform. The number of investors selling Bitcoin on the spot trading platform has decreased, and the selling pressure may be reduced.
2. The Crypto Market Structure Act is expected to be supported by the end of the year
Patrick McHenry, a Republican and chairman of the U.S. House Financial Services Committee, will retire in January next year. He said in a panel discussion at the Georgetown University Financial Market Quality Conference that he expects the Crypto Market Structure Act to be supported by the end of the year.
3. Gold prices are close to historical highs
Gold prices rose slightly in early Asian trading. Tickmill analyst Joseph Dahrieh said that gold prices are still close to historical highs, driven by a weak dollar and rising expectations of a sharp interest rate cut by the Federal Reserve.
4. The Federal Reserve is about to announce its interest rate decision
The Federal Reserve will announce its interest rate decision at 02:00 on the 19th, Eastern Time (GMT+8), which is expected to stir up the foreign exchange market. If the interest rate is cut by 25 basis points, the US dollar may rise in a knee-jerk manner, and the USD/JPY may return to above 142.00; if the interest rate is cut by 50 basis points, the currency pair may fall to the psychological level of 140.
5. Vice President Harris will speak in Washington on Wednesday
Market news: US Vice President Harris will speak in Washington at 12:15 pm Eastern Time on Wednesday (0:15 am the next day Eastern Time (GMT+8)).
#token2049 #降息 #黄金 #BTC☀ #美元
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The Beijing Declaration has officially begun. The situation in the Middle East may improve. The hegemony of the US dollar may be shaken. The US dollar interest rate cut may come earlier.
#美国大选如何影响加密产业？
#美联储何时降息？
#美元
#美国大选如何影响加密产业？
#美联储何时降息？
#美元
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Saudi Arabia abandons petrodollars, is the dollar doomed? Nonsense
Saudi Arabia abandons petrodollars, is the dollar doomed? Nonsense
Original Gu Yuan Gu Lao Ban
Saudi Arabia has decided not to renew its decades-old petrodollar agreement with the United States, which expired on June 9 this year, according to media reports.
The agreement, originally signed on June 8, 1974, is a key component of U.S. global economic influence. U.S. officials hope the deal will encourage Saudi Arabia to produce more oil and strengthen economic ties between the United States and Arab countries.
By choosing not to extend the deal, Saudi Arabia can now sell oil and other goods in different currencies, such as yuan, euros, yen, etc., rather than just the dollar.
Original Gu Yuan Gu Lao Ban
Saudi Arabia has decided not to renew its decades-old petrodollar agreement with the United States, which expired on June 9 this year, according to media reports.
The agreement, originally signed on June 8, 1974, is a key component of U.S. global economic influence. U.S. officials hope the deal will encourage Saudi Arabia to produce more oil and strengthen economic ties between the United States and Arab countries.
By choosing not to extend the deal, Saudi Arabia can now sell oil and other goods in different currencies, such as yuan, euros, yen, etc., rather than just the dollar.
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Pay attention to the moment when the US dollar index returns to the 101 neckline. When it drops again, it is an important opportunity to allocate risk assets. At present, there is no good window of opportunity. Waiting is the only good medicine. Be a leopard waiting for an opportunity. When the opportunity comes, pounce bravely. #美元
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Fed official says cryptocurrencies and stablecoins will strengthen but won’t threaten dollar
The official said that the use of USD stablecoins in the decentralized finance space is a good thing because it can strengthen the strength of the US dollar.
A U.S. Federal Reserve official said the increased use and adoption of U.S. dollar stablecoins could benefit the U.S. dollar’s status as the world’s dominant currency. Christopher Waller, a member of the Federal Reserve Board of Governors, said that the decentralized finance industry is good for the United States.
Stablecoins and DeFi are bullish for the dollar
Waller said at a recent event in the Bahamas that DeFi adoption will support the dollar’s dominance due to the industry’s reliance on stablecoins. Waller said many people often "speculate that cryptocurrencies such as Bitcoin may replace the U.S. dollar as the world's reserve currency." However, he noted that much of the market capitalization in the DeFi space relies on the value of the U.S. dollar. Then he added:
A U.S. Federal Reserve official said the increased use and adoption of U.S. dollar stablecoins could benefit the U.S. dollar’s status as the world’s dominant currency. Christopher Waller, a member of the Federal Reserve Board of Governors, said that the decentralized finance industry is good for the United States.
Stablecoins and DeFi are bullish for the dollar
Waller said at a recent event in the Bahamas that DeFi adoption will support the dollar’s dominance due to the industry’s reliance on stablecoins. Waller said many people often "speculate that cryptocurrencies such as Bitcoin may replace the U.S. dollar as the world's reserve currency." However, he noted that much of the market capitalization in the DeFi space relies on the value of the U.S. dollar. Then he added:
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Forecasting the Main Line of the Global Market in 2025: U.S. Stocks, Dollar, Gold Commodities, and BTC – Everything You Want to Know is Here!
Macro Interpretation: The year 2024 has come to a close, marked by multiple reversals and expectation discrepancies in the global financial market, shifting from loose trading at the beginning of the year to #特朗普 trading by year-end, with frequent switches in the market's main line. Against this backdrop, we further interpret the main line of the market in 2025 and focus on its impact on the cryptocurrency market. #2025有哪些关键叙事？
1. A Review of Market Characteristics and Patterns in 2024
The global asset market in 2024 appears chaotic, yet it contains certain patterns and characteristics.
(1) #美股 Strong, with technology leaders leading the charge.
U.S. stocks continued to perform well in 2024, particularly technology leaders. The Nasdaq index rose by 31%, significantly outperforming the S&P 500 and Dow Jones indices. The communication technology and information technology sectors in the tech space benefited from earnings support, leading the gains. Moreover, large-cap stocks outperformed small-cap stocks, with a significant concentration effect observed, as represented by MAAMNNG, whose technology leaders rose by 50%, driving the overall market upwards.
1. A Review of Market Characteristics and Patterns in 2024
The global asset market in 2024 appears chaotic, yet it contains certain patterns and characteristics.
(1) #美股 Strong, with technology leaders leading the charge.
U.S. stocks continued to perform well in 2024, particularly technology leaders. The Nasdaq index rose by 31%, significantly outperforming the S&P 500 and Dow Jones indices. The communication technology and information technology sectors in the tech space benefited from earnings support, leading the gains. Moreover, large-cap stocks outperformed small-cap stocks, with a significant concentration effect observed, as represented by MAAMNNG, whose technology leaders rose by 50%, driving the overall market upwards.
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