According to CoinGecko data, today marks the 100th day since Trump's inauguration, and the total market capitalization of cryptocurrencies has risen to $3.084 trillion. Compared to the total market capitalization of $3.621 trillion on the day he officially took office for his second term (January 20), approximately $537 billion in market value has evaporated.
Odaily Planet Daily reports that, according to the Wall Street Journal, President Trump has been privately discussing the possibility of firing Federal Reserve Chairman Powell for months, but he has not yet made a final decision on whether to push him out before the end of his term next year. Sources say that during a meeting at Mar-a-Lago, Trump discussed the possibility of firing Powell before the end of his term with former Federal Reserve Governor Kevin Warsh, and may consider choosing Warsh to take over his position. However, Warsh suggested not to fire Federal Reserve Chairman Powell and believes he should be allowed to finish his term without interference. U.S. Treasury Secretary Mnuchin also opposes Trump's intention to dismiss Powell.
I support Trump firing him sooner rather than later 😂
Liangxi lost half of his wealth a day after making 25 million. Wealth is always in leverage.
On the afternoon of April 9, Liangxi shared his account record showing a profit of 25.04 million RMB in a single day in a WeChat group, once again causing a sensation among cryptocurrency enthusiasts. However, on April 10, the trading record of Liangxi's account showed that his BTC 50x short position lost 1.71 million USD, equivalent to about 12.5 million RMB, wiping out half of the previous day's gains. This dramatic trading style is Liangxi's most eye-catching characteristic—RMB is like joy beans, money spent will come back again.
Liangxi, real name Geng Zhiyu, became a national level one swimmer at the age of 10, won the Hebei province championship in 'Honor of Kings' at 15, and was sent to a school for internet addiction by his father at 17 due to his gaming obsession. From an ordinary youth in a small town in Shandong, he has become one of the most controversial KOLs in the cryptocurrency space, and every move he makes is full of drama. High leverage, creating hype, community marketing, emotional trading... these tags almost define his investment style and personality traits, making his ups and downs in the cryptocurrency world comparable to a roller coaster.
Leverage Maniac: A gambler's mentality taken to the extreme.
In the early days of the cryptocurrency space, there were few mature financial tools available. Retail investors who wanted to turn their fortunes around quickly could only bet on contract trading. At that time, exchanges had not yet introduced a rich array of financial management, staking, or DeFi options, and contracts were the only betting table for retail investors to achieve class crossing. They generally relied on high leverage trading to seek overnight wealth, and Liangxi is a typical representative of this phenomenon.
Liangxi became famous due to the 519 incident in 2021.
In May 2021, Liangxi used only 1,000 RMB from his father's bank card to short Bitcoin with 100x leverage, employing a fast in-and-out short-term operation and rolling position strategy, averaging one operation every 5 minutes, with weekly trades reaching 1,454 times. Within a month, he turned his funds into tens of millions of RMB, and at its peak, his assets reportedly exceeded 40 million, becoming legendary in a single battle, earning titles such as 'Contract War God' and 'Cryptocurrency Genius'.
Source: Internet, reportedly a screenshot of Liangxi's account balance after the '519' incident.
After rising to fame, he showcased luxury cars (reportedly a Lamborghini), luxury goods, and trading screenshots on Weibo, even publicly displaying his bank balance in an attempt to prove his success. He once posted, claiming to be worth over 100 million at the age of 19, attracting a lot of attention.
See the countries that are subject to U.S. tariffs below.
People in the cryptocurrency space discuss politics, discuss the economy, discuss business models, discuss profit logic, discuss various presidents and real-time news in great detail, but when it comes to their own positions, they say, damn it, liquidation!
Avoid the pitfalls, Ethereum is already obsolete, below is a deep analysis of the viewpoints.
Today, let's analyze a few points in detail.
1. The truth revealed by on-chain data: ETH is currently living off its past achievements, with little progress. The team's next major upgrade is scheduled for 2029, and the pace is slow. It is now 2025, but the number of active addresses and daily transactions on-chain are comparable to the levels of 2021. In 2021, there were 440,000 active addresses, while in 2025, there are 450,000 active addresses.
In addition, the number of on-chain contract deployments is even lower than in 2021. Through on-chain data, we find that ETH's growth has stagnated, with visible lack of progress.
2. The inflation issue is somewhat difficult to digest. After the Cancun upgrade, ETH has shifted from previous deflation to inflation. Since last April to now, it has been inflationary, with an annual inflation of about 600,000 ETH, valued at $2 billion, which puts significant selling pressure.
3. Facing strong competition from challengers. Currently, the number of active users on Solana far exceeds that of ETH and other ETH Layer 2 solutions. With the launch of new public chains like Bear Market Chain and Monad this year, ETH's position will be further weakened.
4. The team has lost motivation. The ETH foundation has fallen into a lavish mode, with reduced funding for developers and surrounding ecosystems. The co-founders are no longer working, selling coins when the price is high, having made a lot of money in previous years, so they don't want to put in effort anymore.
Summary: ETH is not a very good investment target, investing in ETH is not as good as investing in BTC, in another 2 years, ETH might become the next LTC. New talents emerge in every generation, each leading the trend for decades. This is a natural law, inevitable. ETH has already experienced its golden peak and is gradually heading towards decline.
80% of accounts are nearly zeroed out, fewer and fewer people are participating in the crypto space, and exchanges are starting to panic.
Insiders from a certain exchange revealed that compared to six months ago, 80% of accounts have nearly zeroed out and entered a dead account state. The number of new users spiked after Trump issued coins, reaching a peak before plummeting sharply, and now it is only 2% of the peak. In just six months, nearly 80% of retail investors have been wiped out.
This is why leading exchanges are in a hurry, with the bosses personally stepping in to stimulate the market (a desperate struggle); there are no users left, even tougher than the big A! The trading volume of the top ten stablecoins has dropped to a quarter of the levels seen during last December's bull market, reaching a seven-year low. Damn Trump, he drained the liquidity from the crypto space and burst the crypto bubble.
More and more people are leaving the crypto space, while retail investors are still hoping for a bull market; the road is distant, and it keeps getting farther.
#比特币现货ETF持续淨流出 Utah Supports Blockchain but Rejects Bitcoin Reserves—What to Do
Utah lawmakers have removed the Bitcoin reserve clause, but the state's blockchain bill is still moving forward.
Utah has eliminated the Bitcoin reserve clause while advancing broader blockchain rights protections.
Trump's strategic push for Bitcoin reserves has fueled the growing momentum for state and federal cryptocurrency adoption.
Utah's push for Bitcoin [BTC] faced a significant setback as lawmakers repealed a key provision in the blockchain bill before final approval.
The state Senate recently approved HB230 "Blockchain and Digital Innovation Amendment" bill, but not without key revisions—removing the Bitcoin reserve clause.
While this change reduces the impact of the bill, it strengthens digital asset rights, allowing residents to self-custody their cryptocurrencies. It also permits activities such as Bitcoin mining, running nodes, and staking assets within the state.
The bill is currently awaiting approval from Governor Spencer Cox, indicating Utah's support for blockchain innovation. This development underscores Utah's response to the growing interest in state-level cryptocurrency policies.
Market analyst Dom believes that based on historical price trends and current market conditions, XRP's price may rise further.
In a recent analysis, he noted that XRP exhibited a particular pattern at past cycle tops, which involved a rapid surge followed by an immediate drop. However, the current price trend deviates from this pattern, suggesting there may be further potential for increases.
This comment was made at a time when XRP was facing strong bearish pressure around the $2.3 high. Each attempt to break through the resistance range of $2.6 to $2.8 has met resistance, leading to a continued decline. Nevertheless, the asset's price remains below $2.4.
First, join the Binance official chat room: 点我进聊天室
Altcoins are bottoming out with increasing volume, and the trend looks bullish; short-term fluctuations need attention! By the end of March, it's advised for the cautious to reduce their positions to avoid risks; Before the tariffs (before April 2), the market may be relatively stable; Long-term holders, stay calm with your positions! The above information is for reference only, and investments should be made cautiously!
On this journey, I have summarized the nine iron rules of cryptocurrency trading, and I would like to share them with you today, hoping they can help you avoid detours! - Iron Rule One: Understand market sentiment; trading volume is key - Volume without decline: Trading volume increases but price does not fall, this may be a stop-loss signal. - Volume without rise: Trading volume increases but price does not rise, it may be at a short-term peak. - Upward trend requires sustained volume: During an uptrend, trading volume must steadily increase; if it suddenly decreases or spikes, the upward trend may end. - Key level volume during decline: During a decline, if key levels break with increased volume, the downward trend may continue. - Iron Rule Two: Key points determine buying and selling - Resistance levels, support levels, trend lines: When the price touches these levels, act quickly! - - Golden ratio: I use it to predict resistance and support, and it works very well. Iron Rule Three: Monitor multiple time frames - 1-minute chart: Look for entry and exit opportunities. - 3-minute chart: Monitor the wave situation after entering. - 30-minute/1-hour chart: Judge intraday trend changes. Iron Rule Four: Don’t rush to recover after a stop-loss - Stop-loss = trade ends: Each trade is a new beginning; don’t let previous operations affect your mindset. - Iron Rule Five: Simple and practical position management method - Three-position method: 1. When the price breaks the 5-day moving average, buy the first portion; 2. When it breaks the 15-day moving average, buy the second portion; 3. When it breaks the 30-day moving average, buy the third portion.
- Iron Rule Six: Increased position with stagnant rise/fall is a signal - Increased position with stagnant rise: Price does not rise, but positions increase, may be a short-sell opportunity. - Increased position with stagnant fall: Price does not fall, but positions increase, may indicate an imminent rebound. Iron Rule Seven: Focus on one asset - Periodic focus: Trade only one asset for a period of time, continuously track it until it no longer has speculative value. Iron Rule Eight: Opportunities are always present; don’t rush to recover losses - Stay calm after a stop-loss: Don’t rush to open new trades to recover losses; each trade is independent. - Iron Rule Nine: Stick to the rules for stable profits - Rules are greater than mindset: Strictly follow trading rules and avoid emotional trading to achieve steady profits. - The secret to my full-time cryptocurrency trading that allows me to earn hundreds of dollars daily is these ten iron rules! If you can persist in executing them, making money in the crypto world is as easy as breathing! -
Today I saw a story, that is the 2024 most unfortunate person who bought ETH at 4100.
Remember, in a bull market, don't look for a girl, look for a fallen woman; those kinds of people bring bad luck. If they have already made it, why would they serve you? A couple of days ago, I went for a massage and asked the young lady, "How come someone as beautiful as you works here?" She said she bought ETH at 4100 in 2024. I immediately sat up, put on my clothes, and left to settle the bill; I can't let that kind of bad luck be transmitted to me through the vagina.
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