$BTC Bitcoin's current price is $106,293.99 with a market cap of $2.09 trillion. The price has seen a 0.74% increase, with the open price being $105,514.76 and the high and low prices reaching $106,396.30 and $104,494.53 respectively.
If you're interested in Bitcoin investment options or learning more about its market trends, here are some resources to consider¹: - *Cryptocurrency Exchanges*: Platforms like Binance allow users to buy, sell, and trade Bitcoin. - *Financial News Websites*: Sites like Finnhub provide real-time updates on cryptocurrency prices and market analysis. - *Bullion Trading Centers*: Companies like BTC (Bullion Trading Center) in Egypt offer gold and other precious metal investments, which can sometimes be related to cryptocurrency market trends.
Some popular Bitcoin-related products include² ³: - *Bitcoin ETFs*: Exchange-traded funds like the ONE+ONE S&P 500 AND BTC ETF (OOSB) allow investors to engage with Bitcoin through traditional financial markets. - *Gold and Bitcoin Investment Guides*: Resources like BTC's Gold Strategy Guide provide insights into investing in precious metals and potentially cryptocurrencies. - *Digital Assets*: Companies like BTC Digital Ltd (BTCT) and CS VLK BTC FT LVR ST ETF (BTFX) offer various investment opportunities in the digital asset space.
Keep in mind that investing in Bitcoin and other cryptocurrencies carries risks, and it's essential to do thorough research before making any investment decisions.
#TrumpBTCTreasury Let's break down what's happening with #TrumpBTCTreasury.
*What's the Plan?*
Donald Trump's administration has proposed creating a Strategic Bitcoin Reserve, using approximately 200,000 seized BTC (valued around $20 billion) and potentially acquiring more through "budget-neutral" methods. This move aims to¹: - *Diversify National Assets*: Hedge against inflation and financial instability - *Promote Financial Innovation*: Position the US as a leader in digital assets - *Challenge Traditional Banking*: Emphasize decentralization and transparency
*Key Developments*
- Trump Media & Technology Group (TMTG), the company behind Truth Social, raised $2.5 billion to build a Bitcoin treasury, with the SEC approving their S-3 registration. - TMTG plans to hold BTC on its balance sheet alongside cash reserves and has filed for a spot Bitcoin ETF. - Trump's personal crypto exposure includes earning $57 million from World Liberty Financial, a crypto venture.
*Implications and Reactions*
- Supporters see this move as a bold step toward financial independence and mainstream adoption of Bitcoin. - Critics warn of volatility, regulatory challenges, and potential conflicts of interest. - The crypto community is buzzing with speculation, awaiting further developments.
*What's Next?*
The outcome of this proposal will likely have significant implications for Bitcoin's adoption, regulatory frameworks, and the global financial landscape. Will this move spark a new era of crypto adoption, or will it face significant hurdles? Only time will tell.²
Organizations: American Diabetes Association and Americans with Disabilities Act - The American Diabetes Association (ADA) is a nonprofit organization focused on diabetes research, education, and advocacy. - The Americans with Disabilities Act (ADA) is a law that protects people with disabilities from discrimination in various areas of public life.¹ ² ³ $ADA refers to two different entities:
Organizations: American Diabetes Association and Americans with Disabilities Act - The American Diabetes Association (ADA) is a nonprofit organization focused on diabetes research, education, and advocacy. - The Americans with Disabilities Act (ADA) is a law that protects people with disabilities from discrimination in various areas of public life.¹ ² ³
#CardanoDebate The #CardanoDebate is heating up, with discussions centered around its ecosystem growth, governance, and comparisons with other blockchain platforms. Here are the main points: - *Ecosystem Growth*: Cardano has seen significant growth, with a 67% increase in smart contract activity and a surge in new wallet addresses, indicating rising user adoption and engagement. - *Governance*: Cardano's co-founder, Charles Hoskinson, has been vocal about decentralized governance and the need for crypto entities to part ways with traditional banks. The platform has launched its on-chain governance and constitution, marking a major step towards decentralized decision-making. - *Comparisons with Ethereum*: Hoskinson has criticized Ethereum's governance model, calling it a "dictatorship," while highlighting Cardano's proof-of-stake model as a more sustainable and secure alternative.
*Recent Controversies and Proposals*
- *Treasury Proposal*: Hoskinson proposed using 140 million ADA (~$100 million) from the treasury to boost DeFi growth by purchasing BTC and Cardano-native stablecoins. The proposal has sparked debate, with some seeing it as a bold step toward ecosystem maturity and others arguing it's risky given market conditions and governance concerns. - *Allegations of ADA Misuse*: Cardano community members accused IOG, the company behind Cardano, of misusing 318 million ADA tokens. Hoskinson has ordered a full audit of IOG amid these allegations.¹
*Cardano's Unique Features*
- *Proof-of-Stake Consensus Mechanism*: Cardano's Ouroboros protocol is a game-changer for sustainability in crypto, allowing for decentralization on a sustainable scale for global requirements without compromising security. - *Peer-Reviewed Research*: Cardano is the first blockchain platform to be built through peer-reviewed research, ensuring a secure and scalable foundation for decentralized applications and systems.²
What are your thoughts on Cardano's decentralization and sustainability? Do the benefits outweigh the drawbacks?
$BTC Bitcoin's current price is $103,795.30 with a market cap of $2.17 trillion. Here's a breakdown of its recent performance¹: - *Current Price*: $103,795.30 - *Market Cap*: $2.17 trillion - *Open Price*: $108,515.85 - *High Price*: $108,759.00 - *Low Price*: $103,575.35 - *Previous Close Price*: $108,515.85 - *Change*: -$4,720.55 - *Percent Change*: -4.35%
Keep in mind that cryptocurrency prices can be highly volatile, so it's essential to stay up-to-date with the latest market trends and news. Would you like to know more about Bitcoin's recent trends or its potential future performance? Bitcoin's current price is $103,795.30 with a market cap of $2.17 trillion. Here's a breakdown of its recent performance¹: - *Current Price*: $103,795.30 - *Market Cap*: $2.17 trillion - *Open Price*: $108,515.85 - *High Price*: $108,759.00 - *Low Price*: $103,575.35 - *Previous Close Price*: $108,515.85 - *Change*: -$4,720.55 - *Percent Change*: -4.35%
Keep in mind that cryptocurrency prices can be highly volatile, so it's essential to stay up-to-date with the latest market trends and news. Would you like to know more about Bitcoin's recent trends or its potential future performance?
#TrumpTariffs Let's break down the latest on Trump's tariffs.
Trump's Tariff Policies - *Average Effective Tariff Rate*: As of June 1, 2025, the average effective US tariff rate stands at 15.1%, significantly higher than the 2.5% rate at the start of Trump's second term. - *Tariffs on China*: Trump's administration has imposed a 145% tariff on Chinese imports, while China has retaliated with a minimum 125% tariff on US goods and export restrictions on rare earths. - *Tariffs on Steel and Aluminum*: A 50% tariff is now in place for steel and aluminum products from all countries, effective June 4, 2025. - *Tariffs on Automobiles*: A 25% tariff has been imposed on automobiles.
Impact and Reactions - *Stock Market Crash*: The announcement of "reciprocal tariffs" triggered a stock market crash, prompting Trump to suspend higher tariffs on goods from 57 trading partners, except China. - *Global Trade*: The tariffs have led to downgraded GDP growth projections by the Federal Reserve and OECD, with rising expectations of a recession. - *Retaliation*: Several countries, including China, have initiated disputes regarding Trump's tariffs with the World Trade Organization (WTO). - *Legal Challenges*: US courts have ruled that Trump overstepped his authority by imposing certain tariffs, but these decisions have been stayed pending appeals.¹
$ETH $ETH , or Ethereum, is currently priced at $2,869.79 USD, with a 24-hour trading volume of $31,766,601,943 USD. It has a live market cap of $346,447,610,300 USD and a circulating supply of 120,722,182 ETH coins. Ethereum's price has surged over 100% in the past two months, driven by its Pectra upgrade and core foundation restructuring.¹
- An Ethereum whale recently opened an $11.15 million long position on ETH with 25x leverage, amounting to a 4,000 ETH bet placed at an entry price of $2,758.35. - The whale's position is now in profit, with an unrealized gain of approximately $366,600, as ETH price surged above $2,850. - Ethereum options data indicates growing bullish sentiment, with traders increasingly positioning for near-term upside.²
#CryptoRoundTableRemarks It seems like you're looking for insights or discussions related to #CryptoRoundTableRemarks. Here are some points to consider:
- *Why Spot Trading Works*: One crypto trader shared their experience of quitting futures trading and focusing on spot trading, which has yielded consistent gains of $50-$150 daily without leverage. They emphasize the importance of discipline, risk management, and avoiding overleveraged trades. - *Market Volatility*: The crypto market is known for its volatility, with meme coins like $MUBARAK experiencing significant price fluctuations. $MUBARAK's market cap briefly hit $52 million before settling at $42 million after being listed on Binance Alpha. - *Trading Strategies*: Some traders are discussing potential market shifts, with Ethereum funding rates surging and Bitcoin's potential surge facing skepticism. Others are sharing tips on how to earn crypto without investment, such as participating in Binance's Write2Earn, Learn & Earn, and referral programs. - *Safety Tips*: A trader shared a cautionary tale about losing $4,000 in a P2P scam, emphasizing the importance of verifying payments and being cautious when dealing with unknown buyers.¹ ²
Some popular discussions and questions in the crypto community include: - *Hold or Close*: Some traders are seeking advice on whether to hold or close their positions, particularly with market pullbacks and volatility. - *Airdrop Finder Guide*: Others are looking for guidance on navigating airdrop finder tools and maximizing their rewards. - *Market Predictions*: Traders are discussing potential price movements for coins like PEPE, SHIB, and SOL, with some predicting significant gains or losses.³
#TradingTools101 *Trading Tools 101: Essential Indicators and Resources*
To succeed in trading, you'll need the right tools. Here are some key indicators and resources to get you started:
*Technical Indicators:*
- *Relative Strength Index (RSI)*: Measures the magnitude of recent price changes to determine overbought or oversold conditions, ranging from 0-100. - *Moving Average Convergence Divergence (MACD)*: Identifies trends and potential buy/sell signals by plotting two moving averages against each other. - *Moving Averages*: Helps smooth out price fluctuations and identify trends.
*Trading Platforms and Resources:*
- *Finnhub*: Provides real-time market data and insights, including current prices, open prices, high and low prices, and percentage changes for various indices like S&P 500 and Nasdaq. - *Binance Square*: Offers educational resources and insights on crypto trading, including technical indicators and market analysis.¹ ² ³
*Current Market Data:*
- *S&P 500*: Current price $6,008.80, 0.03% change - *Nasdaq*: Current price $21,816.80, 0.08% change
*Additional Resources:*
- *Trading 101 courses*: Learn Forex trading and stock trading fundamentals, including technical indicators, expert advisors, and more⁴
Keep in mind that trading involves risks, and it's essential to do your own research and analysis before making any investment decisions.
#MarketRebound The market rebound is showing promising signs, particularly in the China market. The MSCI China Index has seen a significant rebound with a 38% rise in the stock market, driven by improved sentiment and stimulus measures. This rebound is attributed to various factors, including¹ ²: - *Increased Government Support*: President Xi's renewed commitment to embracing private enterprise and entrepreneurs has boosted confidence. - *Innovation and R&D*: China's focus on innovation, particularly in AI and electric vehicles, has driven growth. Companies like DeepSeek, a generative AI app, and BYD, an electric vehicle maker, have made significant strides. - *Domestically Focused Stocks*: Small and mid-cap stocks, financials, and innovative companies linked to AI and the EV supply chain have performed well.
Some key performers in the market rebound include: - *LexinFintech Holdings*: A leading FinTech lender with robust profit growth and improved asset quality. - *Alibaba Group Holding*: Strong returns driven by rising expectations for cloud platform demand. - *ByteDance*: Solid financial results and international expansion, despite uncertainty around TikTok's US operations.
In the US market, the S&P 500 and Nasdaq indices are also showing positive movements, with the S&P 500 up 0.03% and Nasdaq up 0.06% as of today. The current prices are³ ⁴: - *S&P 500*: $6,008.60 - *Nasdaq*: $21,813.20
Overall, the market rebound appears to be driven by a combination of government support, innovation, and domestically focused stocks. However, it's essential to keep an eye on factors like US-China trade tensions and their potential impact on the market.
Nasdaq ETFs Overview The Nasdaq Composite Index is a tech-heavy index that includes many prominent companies. Several ETFs track this index or focus on specific sectors within it.
Top Nasdaq ETFs - *Invesco Nasdaq 100 ETF (QQQM)*: Tracks the Nasdaq-100 Index, comprising 100 largest non-financial companies listed on the Nasdaq. Current price: $218.52, 0.17% change. - *Nasdaq 7 HANDL Index ETF (HNDL)*: Focuses on the Nasdaq-7 Handl Index, with a current price of $21.20 and a -0.09% change. - *Invesco Nasdaq Internet ETF (PNQI)*: Invests in internet-related companies listed on the Nasdaq, with a current price of $50.38 and a -0.06% change. - *First Trust Nasdaq Bank ETF (FTXO)*: Tracks banks listed on the Nasdaq, with a current price of $31.79 and a 0.19% change. - *Invesco Nasdaq Biotechnology ETF (IBBQ)*: Focuses on biotechnology companies, with a current price of $21.32 and a 0.33% change.
Performance Comparison The Betashares Nasdaq 100 ETF (NDQ) has shown strong performance, with returns of: - 8.45% in the last month - 19.19% in the last year - 23.74% p.a. over three years - 18.39% p.a. over five years
Holdings and Allocation Some top holdings in the Nasdaq 100 ETF (NDQ) include¹: - *Microsoft Corp*: 8.7% - *NVIDIA Corp*: 8.5% - *Apple Inc*: 7.5% - *(link unavailable) Inc*: 5.5% - *Broadcom Inc*: 5.0%
Would you like more information on these ETFs or other investment options?
$BTC Bitcoin's current price is $107,243.80 with a 1.51% increase, reaching a high of $107,990.00 and a low of $105,318.37. The market capitalization stands at $2.09 trillion.
If you're interested in buying or selling Bitcoin, you can explore platforms like BTC, which offers a range of services including bullion trading and refinery operations. They provide various gold products, such as coins and ingots, with different designs and weights.¹ ²
Trade talks between the United States and China resume in London. The parties are seeking to strengthen the fragile truce in the trade dispute that has impacted the global economy. The negotiations, which will last at least a day, come after a round of talks in Geneva last month that resulted in a temporary truce.
*Key points in the talks*¹ ²: - *Tariffs*: The United States and China agreed to suspend most mutual tariffs for 90 days, but there are still disputes over some issues. - *Rare earth elements*: China has reduced its exports of rare earth elements, which are critical for industries such as electric vehicles, raising concerns in the United States. - *Technological restrictions*: The United States wants China to allow American companies access to advanced technology, while China wants the United States to ease restrictions on the migration of Chinese students and access to U.S. markets. - *Trade and cooperation*: Both parties hope to enhance trade cooperation and avoid further escalation in the trade dispute.
*Market reactions*: - *Pound exchange rate*: The pound rose against the U.S. dollar ahead of the trade talks between the United States and China. - *Bitcoin price*: The price of Bitcoin rose to around $107,700, reflecting optimism³
$BTC Bitcoin's current price is $105,221.55, with a 0.39% increase, according to the latest data. Here's a breakdown of its key statistics¹: - *Market Cap*: $2.09 trillion - *Current Price*: $105,221.55 - *Open Price*: $104,817.15 - *High Price*: $105,900.00 - *Low Price*: $104,782.87 - *Percent Change*: 0.39%
Alternatively, another source reports the current price as $105,381.87 with a 0.42% increase over the last 24 hours. This source also provides additional information²: - *24h Low*: $104,907.09 - *24h High*: $105,972.75 - *Volume (24h)*: $34.78 billion - *Total Supply*: 19.87 million BTC - *Max Supply*: 21 million BTC
Keep in mind that cryptocurrency prices can be highly volatile and may fluctuate rapidly.
#SouthKoreaCryptoPolicy South Korea has a comprehensive regulatory framework for cryptocurrencies, overseen by the Financial Services Commission (FSC). Here are the key aspects:
Regulatory Environment - *Registration with FSC*: Crypto exchanges must register with the FSC to operate legally. - *Real-name Verification*: Exchanges need to collaborate with local banks to provide real-name verification accounts for users. - *KYC and AML*: Exchanges must implement Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures to verify user identities and monitor transactions.¹
Taxation - *20% Tax on Crypto Gains*: The tax, initially set for 2023, has been delayed until 2028. It would apply to crypto profits exceeding 2.5 million won (around $1,800).
Laws and Acts - *Act on the Protection of Virtual Asset Users (VAUPA)*: This law focuses on safeguarding user assets, preventing unfair practices, and granting the FSC oversight and enforcement powers. - *Special Financial Information Act*: Regulates the crypto industry through AML obligations and requires VASPs to separate customer assets, store them securely, and maintain transaction records.²
President's Stance - *President Lee Jae-myung*: Expected to bolster crypto policies, including the enactment of the Digital Asset Basic Act (DABA) and approval of spot crypto exchange-traded funds (ETFs). - *Digital Asset Committee*: Formed to develop regulations and promote consistency, aligning with global standards.³
Industry Developments - *Major Exchanges*: Upbit and Bithumb dominate the crypto trading scene, contributing significantly to global trading volumes. - *Kimchi Premium*: A phenomenon where cryptocurrency prices are higher in South Korea than in other markets, due to strong local demand and restrictions.
#CryptoCharts101 Crypto charts are visual representations of cryptocurrency price movements over time, providing valuable insights for traders and investors. Here's a breakdown of key concepts:
*Types of Charts:*
- *Line Charts*: Show the overall trend of a cryptocurrency's price over time. - *Candlestick Charts*: Display the high, low, open, and close prices for a specific time period, offering more detailed information. - *Bar Charts*: Similar to candlestick charts, but with a more minimalist design.
*Chart Patterns:*
- *Trend Lines*: Lines drawn to connect highs or lows, helping identify trends and potential breakouts. - *Support and Resistance*: Levels where the price tends to bounce or reverse, indicating potential buying or selling opportunities. - *Triangles and Wedges*: Patterns formed by converging trend lines, often indicating a potential breakout or reversal.
*Indicators:*
- *Moving Averages*: Calculate the average price over a specific time period, helping smooth out fluctuations. - *Relative Strength Index (RSI)*: Measures the magnitude of recent price changes, indicating overbought or oversold conditions. - *Bollinger Bands*: Plot two standard deviations around a moving average, helping identify volatility and potential breakouts.
*Using Crypto Charts:*
- *Identify Trends*: Determine the overall direction of the market. - *Spot Patterns*: Recognize chart patterns to anticipate potential price movements. - *Set Entries and Exits*: Use charts to inform trading decisions, setting buy and sell orders based on technical analysis.
By mastering crypto charts, you can gain a deeper understanding of market dynamics and make more informed trading decisions.
#TradingMistakes101 Let's dive into common trading mistakes and how to avoid them.
*Top Trading Mistakes to Avoid*
- *Insufficient Risk Management*: Failing to set stop-loss orders, inadequate position sizing, and not adjusting leverage can lead to significant losses. Always prioritize risk management. - *Emotional Trading*: Letting emotions dictate trading decisions can result in impulsive choices. Develop a trading plan and stick to it. - *Overreliance on Indicators*: Relying too heavily on indicators like RSI, MACD, or moving averages without understanding their limitations can lead to poor decisions. Combine indicators with solid risk management and market analysis. - *Inadequate Research*: Not thoroughly researching market trends, news, and analysis can lead to uninformed decisions. Stay informed and adapt to market changes. - *Overtrading*: Excessive buying and selling can result in increased fees and decreased performance. Focus on quality over quantity.
*Best Practices for Traders*
- *Develop a Trading Plan*: Outline your goals, risk tolerance, and strategies to stay disciplined. - *Stay Disciplined*: Avoid impulsive decisions based on emotions or market volatility. - *Continuously Learn*: Refine your knowledge and adapt to market changes. - *Use Multiple Indicators*: Combine indicators like RSI, MACD, and volume for more reliable signals. - *Set Stop Loss and Take Profit*: Define zones based on support/resistance to limit losses and lock in profits.¹
*Additional Resources*
To further improve your trading skills, consider exploring Binance Square's "Master Crypto Trading Fundamentals" series, which covers essential concepts like trading types, order types, liquidity, and more. You can participate in discussions and earn Binance Points by sharing your insights.
$USDC USDC, or USD Coin, is a stablecoin pegged to the US dollar, designed for fast, low-cost transactions. Its current price is around $0.9999, with a 0.02% increase in the last 24 hours. The market capitalization stands at approximately $61.1 billion.
*Key Features:*
- *Backed by Reserves*: USDC is fully backed by highly liquid cash and cash-equivalent assets, redeemable 1:1 for US dollars. - *Blockchain Support*: USDC operates on multiple blockchain platforms, including Ethereum, Solana, Polygon, and more, with support for 20 blockchain networks. - *Usage*: USDC enables near-instant, low-cost global payments, and is widely used in DeFi, gaming, and other applications.¹ ² ³
*Circulation and Reserves:*
- *Circulating Supply*: Approximately 61.1 billion USDC coins are in circulation. - *Reserves*: The majority of USDC reserves are invested in the Circle Reserve Fund, an SEC-registered government money market fund, with daily independent reporting.
*Regulatory Compliance:*
- *Licenses*: Circle, the issuer of USDC, holds licenses in various jurisdictions, including the US, EU, UK, Singapore, and others. - *Compliance*: USDC is designed to meet regulatory requirements, with Circle working closely with authorities to ensure compliance.⁴
#BigTechStablecoin Big tech companies like Apple, Google, Airbnb, and X (formerly Twitter) are exploring stablecoins to streamline payment systems, reduce transaction costs, and optimize cross-border payments. Here's what's happening¹ ²: - *Companies Involved*: - *Apple*: Negotiating with Circle, the issuer of USDC stablecoin, to integrate it into their payment systems. - *Google*: Already facilitating stablecoin payments for two clients using PayPal's PYUSD stablecoin and exploring further integrations. - *Airbnb*: Discussing stablecoin integration with Worldpay and considering bypassing traditional payment processors like Visa and Mastercard. - *X*: Developing a payment app, X Money, and exploring stablecoin integration, potentially with Stripe. - *Benefits*: - *Lower Transaction Fees*: Stablecoins can reduce fees associated with traditional payment processing. - *Faster Cross-Border Payments*: Stablecoins enable near-instant settlements, cutting out intermediaries. - *Increased Efficiency*: Blockchain technology can modernize financial infrastructures and reduce dependence on traditional banking rails. - *Regulatory Landscape*: - *GENIUS Act*: A proposed bill in the US Senate aiming to provide a regulatory framework for stablecoins, with debates surrounding Big Tech's potential participation. - *Concerns*: Some lawmakers worry about Big Tech's dominance in the financial sector, potentially leading to increased control and decreased decentralization.
The integration of stablecoins by Big Tech companies could reshape the future of payments, making transactions faster, cheaper, and more efficient. However, regulatory concerns and debates surrounding decentralization and control need to be addressed.³
#CryptoFees101 Crypto fees can eat into your profits, but understanding them can save you big time. Here's a breakdown of what you need to know:
*Types of Crypto Fees:*
- *Network Fees*: Paid to miners or validators for processing transactions on the blockchain. These fees vary depending on network congestion. - *Ethereum (ETH)*: $5-$50+ due to high demand and network congestion - *Bitcoin (BTC)*: $1-$20, higher during peak demand - *Solana (SOL)*: Less than $0.01, known for being extremely cheap and fast - *Polygon (MATIC)*: Around $0.001, ideal for low-cost DeFi transactions
- *Exchange Fees*: Charged by centralized exchanges like Binance, Coinbase, or Kraken. - *Trading Fees*: Typically 0.1%-0.5% per trade - *Spread Fees*: Hidden fees where the platform marks up the price - *Withdrawal Fees*: Charged when moving crypto off the exchange - *Examples*: - *Binance*: 0.1% trading fee, 0.0005 BTC withdrawal fee - *Coinbase*: Around 0.6% trading fee for retail users, $1-$20 withdrawal fee
- *Protocol Fees*: Charged by decentralized apps (dApps) like Uniswap, Aave, or Curve. - *Swap Fees*: Usually 0.3% per trade - *Borrow/Lend Fees*: Vary by protocol and demand - *Gas Fees*: Required to interact with smart contracts
To minimize fees, consider the following strategies¹: - Choose low-fee networks like Solana or Polygon for transactions - Optimize trading times to avoid peak network congestion - Select exchanges with competitive trading and withdrawal fees - Monitor gas fees for Ethereum transactions
By mastering crypto fees, you can save money and trade smarter. Keep these fees in mind to maximize your profits.²