_FORAB

From last night to today, the Xiaomi YU7 pre-order has dominated the screens for a whole day.

I just realized that there are so many colleagues from Dubai, Singapore, and the Japanese cryptocurrency circle living in the mainland.

So is this considered a spirit of going abroad, while actually enjoying a laid-back life in the mainland? 🙃🙃

I was wondering why there aren't many people in Tokyo now..

Didn’t expect that Gate’s four-year employee has really been affected by the situation.

Gate 0 compensation, Hybit 0 response, a certain platform 0 tax inspection.
Recently, it has all been too surreal, everything is returning to 0.

There was an old saying that once a certain concept starts to be speculated in big A shares and Hong Kong stocks, it's almost at the end? In the past few nights, including Circle, SOL micro-strategies, TRX micro-strategies, and BNB micro-strategies, all have plummeted...

The good news is that Hype micro-strategy EYEN and Coinbase are holding strong, the last hope in this wave of US stock and cryptocurrency imitation season.

I asked, Guotai Junan International and Futu, the current plan to enter the cryptocurrency space is still through brokerage intermediaries, with Hashkey being used at the bottom layer.

Guotai Junan International requires users to hold a long-term overseas visa.
Futu requires users to have a Hong Kong or overseas ID.

If a cryptocurrency user runs from Binance to register an account with the above, it means they not only need overseas identity documents but also have to deal with the tax system, effectively going back in history.

Her husband's media broke an exclusive big news.
Her wife's media went to ask CZ's wife for verification and debunked it.

The crypto media is also playing out DeFi Legos, closing the loop.

Hahaha

Her husband's media broke an exclusive big news.
Her wife's media went to find another wife to verify and debunk it.

A real-life DeFi Lego, closed loop.

I looked into the coin-stock plans from two companies in the market.

Coinbase is issuing on the Base chain and providing trading through a DEX integrated by applications, which seems to allow non-Americans as well? After all, there are no restrictions on-chain.

Kraken has chosen to collaborate with a third party, which issues on the SOL chain, and then Kraken lists spot and futures, while it seems that Kraken itself does not restrict Chinese users.

This will indeed be beneficial for relevant public chains and DEX.

After Coinbase announced its foray into the tokenized stock market, Kraken is also set to engage in stock trading. The current plan has been confirmed, with the U.S. tokenization platform xStocks, backed by Backed, responsible for bringing stocks on-chain.

Then Kraken will offer spot and futures trading support.

The former is a stock tokenization platform invested in by Coinbase. According to industry insiders, in addition to Kraken, another leading firm is also collaborating with xStocks.

Thank you BNB, thank you BNB micro strategy.
I love this summer, I love the US stock market altcoin season.
Although the depth was a bit lacking, I was fortunate to have quickly bought in.

This market really rewards those who sit idle and closely watch the news.

Source news: US-listed company Nano Labs raised $500 million through a private placement of convertible bonds for BNB reserve strategy.

In addition to yesterday's Binance presale and new rules for task airdrops, Binance Square has also officially entered the scene, launching a task incentive platform.

This also means that from the initial launch of the project to community incentives after the token issuance, the entire chain has been connected by Binance.

Project parties need to meet the requirement that the token is included by Alpha or spot trading, and then provide a certain amount of tokens, which will be distributed by Binance Square through three types of tasks for community participation. These include following, tweeting, retweeting, buying tokens, etc.

Looking at Binance's new presale regulations today, they are personally getting involved with CoinList, Kaito, and Galxe, which is equivalent to: discounted presale + task rewards.

It is divided into three lines:
Sale TGE - Invest to exchange for coins
Presale Pre TGE - Early purchase
Task Booster - Complete tasks to earn airdrops

Among them, for sales and presales, as usual, Alpha points are still required and consumed, but presales can purchase coins at a discount, although there is a lock-up period.

For players who love completing tasks and earning rewards, they can choose to do Booster tasks, which also allow them to receive locked tokens, and this line does not require the consumption of Alpha points.

The lock-up period will be determined by the project party, regarding when to unlock, but it will definitely be at a discounted valuation, making the tokens essentially free.

This also confirms that Binance is officially getting involved in coordinating and managing the project parties' airdrop distribution, market deployment, and task incentives, marking the end of an era and the arrival of a new one.

Looking at Binance's new presale regulations today, they are personally getting involved with CoinList, Kaito, and Galxe, which is equivalent to: discounted presale + task rewards.

It is divided into three lines:
Sale TGE - Invest to exchange for coins
Presale Pre TGE - Early purchase
Task Booster - Complete tasks to earn airdrops

Among them, for sales and presales, as usual, Alpha points are still required and consumed, but presales can purchase coins at a discount, although there is a lock-up period.

For players who love completing tasks and earning rewards, they can choose to do Booster tasks, which also allow them to receive locked tokens, and this line does not require the consumption of Alpha points.

The lock-up period will be determined by the project party, regarding when to unlock, but it will definitely be at a discounted valuation, making the tokens essentially free.

This also confirms that Binance is officially getting involved in coordinating and managing the project parties' airdrop distribution, market deployment, and task incentives, marking the end of an era and the arrival of a new one.

Why are people recently betting on the stock market?
Because there is the greatest demand: tax avoidance + capital injection

Once leading exchanges or DEX in the industry get involved in this sector, the stocks of other internet brokerages may be considered for direct short selling.

This month, in addition to OKX, Gemini and Bullish have also announced plans to go public in the U.S. This also means that exchanges like Backpack and Kraken, which have not issued platform tokens, may go public on the U.S. stock market in the second half of this year to early next year to complete their asset issuance.

The next stage of the stablecoin market is the cryptocurrency exchanges.

I have to say, every time Pump fun delays the token release, it's really accurate

On January 25, the delay happened, and then SOL dropped 18% within the week
On February 15, the delay happened, and then SOL dropped as much as 52%
On June 20, the delay happened, and that night the Middle East crisis occurred

Looking for PUMP token release consultants and market makers, contact information..

The last time there was a similar fluctuation in the cryptocurrency market was during the Russia-Ukraine war in February 2022?

At the beginning, the decline was not significant, but as the subsequent oil embargoes, Russian-Ukrainian pipelines, and escalation of the war occurred, the market began to show clear panic.

This time, with North America against Iran, the market is also speculating on the future, such as whether there will be continued bombings, blockades of the Strait of Hormuz, and shipping bans. Trading now has completely turned into a game of expectations.

It's a long weekend, and my friend called to wake me up to complain. Originally, due to regulations in Singapore, I was notified that I had to move to Dubai this weekend. Now, suddenly, the situation in the Middle East has escalated, and I have to face war panic and strait blockades.

It seems that the crypto industry is truly a high-risk profession..

Just discovered that guy from the Air Cloud Union, when Circle was about to open, deleted the tweet planning to short Circle. Actually, it wouldn't have mattered if he didn't delete it; before and during the trading session, the stock price made a dramatic move.

Additionally, today before the market opened, when Circle touched 237, the shorting fee rate reached 9%.

It's not crowded on the long side now; everyone is looking for opportunities to short..

Recently, discussions about stablecoins have been trending in various circles, and the topic still revolves around USDC. I can understand that they are paying attention to it because of Circle.

However, having been in the crypto space for a long time, I've seen the big boss USDT, the dark horse USD1, and have experienced USDe and Binance's own BUSD from back in the day.

USDC has way too many competitors.

Today the US stock market is closed, let's be a bit more rational.

The crowd trading stocks of various tokens and micro-strategies mostly haven't bought the tokens themselves; ultimately, the actual buying of these tokens still needs to be realized through the micro-strategy companies, but fundraising - issuing new shares - buying coins is a process that takes time.

In the past few days, the positive news has been a bit too concentrated, as if in one week all the positive news from the past three months has been released, like with Coinbase.

It's hard to say that it’s not the officials trying to boost the stock price; it feels impossible, but when the expectations driven by news sentiment have run their course, they still need to be reflected in reality and data.

Today in the community, there are many doubts about Circle, with some believing that its stock and stablecoin market value-related data are comparable to the Luna crash years ago. While I oppose this view, from another angle, could this be more like a short squeeze? After all, the scale of the US stock futures market is much larger than that of the crypto circle back then.

Additionally, the views from the Chinese-speaking community in the US stock market are particularly interesting; rather than believing in the crypto circle or stablecoins, it feels more like believing in Trump, with some fantasies comparable to TV dramas and novels.

Many friends have asked why the current state of altcoins in the industry is so sluggish; could it be possible that the old-timers in the crypto circle have become smarter after being taken advantage of, while the newcomers in the US stock market just starting to touch the crypto sector aren’t that savvy yet?

In short, if you're feeling bored scrolling through Twitter, check out how the major US stock communities evaluate posts about Circle and Coinbase; it can be quite interesting, and this has been a source of joy for me these past few days.