Why doesn't China allow the existence of virtual currency trading platforms?
One perspective: No impressive crimes allowed. Just look at Binance's API documentation and GitHub; anyone with a bit of programming knowledge can quickly start trading.
Real-time market data is free, without any nonsense L1/L2 fees, directly providing 5000 order book queries and incremental pushes, and even historical market data can be downloaded for free;
You can open an account directly on the exchange, without a broker in the middle profiting from the spread and reselling information; it also supports x125 leverage, 30 sub-accounts, spot/futures/options/wealth management/loans, etc., all handled by one exchange.
In simple terms, compared to our formal securities/futures exchanges, the gap between Binance and them is even greater than the gap between Alipay and traditional online banking back in the day, and in terms of reputation, it may not even be worse than certain shady organizations.
That said, Binance's talent and financial strength probably can't compare to Shanghai and Shenzhen, and aspects like matching speed, stability, and uptime might be inferior, but they are already leading an era in terms of service content and philosophy, which domestic formal exchanges and securities companies should reflect on and learn from.
After spending so much money and nurturing so many people, what are they all doing?
Yes, you heard it right! To celebrate its 8th anniversary, Binance is generously "giving away money"! 🎁
Simple and straightforward: All registered users have the chance to participate in the anniversary benefits event! This includes but is not limited to red envelopes, cashback, trading fee discounts, and other exciting perks. For specific participation methods and benefit details, please quickly visit the Binance App or official website to check the event page!
This is a sincere reward for the long-term support from users worldwide, don’t miss out on the good luck of the anniversary celebration! ✨
📉 Bitcoin Early Morning Fluctuation and Consolidation
This morning, BTC surged to $109,100 before facing pressure and retreating, currently hovering around $108,300. The intraday fluctuation range has narrowed (107,600-109,100), with bulls and bears locked in a standoff at the key levels of 106,800-109,700. A breakout above 109,700 could trigger a bullish trend, while a drop below support would indicate a short-term weakening. The market is waiting for direction from tonight's Federal Reserve meeting!⚡️
Bitcoin is currently priced at $107,523, down 0.84% for the day, continuing to fluctuate within the range of $107,000-$109,500. The technical situation is a tug-of-war between bulls and bears, with $107,184 as a key support level; if it falls below this or approaches $106,500, further declines may occur; if it breaks through $109,803, it may open up upward potential.
⚠️ Risk Warning:
1. Trump's tariff policy (effective August 1) has triggered market risk aversion;
2. The Federal Reserve's July interest rate decision is approaching, and expectations for a rate cut may act as a catalyst for volatility;
3. A total of $162 million in liquidations occurred across the network in the last 24 hours, with long positions accounting for 71%.
Strategy: Short-term wait-and-see, focusing on the support at $107,000 and the resistance breakthrough at $109,700.
🔥 Volatility Warning: The game of policy and liquidity is intensifying, maintain light positions and control risks strictly! #美国加征关税
📢【Hong Kong "Stablecoin Regulation" Effective August 1! The world's first comprehensive regulatory framework is in place】
The Hong Kong Monetary Authority will initiate the licensing application for stablecoin issuers, aiming to issue the first batch of licenses (limited to single digits) within the year🔥. The regulation requires issuers to strictly meet requirements for reserve asset segregation, redemption guarantees, etc., aimed at addressing cross-border payment challenges and promoting financial innovation and security.
• Current Price: $108,650 (24h slight increase of 0.46%)
• Key Levels: Support at 108,000, Resistance at 109,000-110,000, if stable or break through to 110,000
• Trend: Tug-of-war between bulls and bears, if support holds, consider light long positions; if it falls below 107,500, there is a risk of significant correction
(Note: Market volatility is high, always set stop-losses!)🔥#马斯克计划成立美国党
I've been seeing RWA frequently lately, and I used AI to find out it's become very popular! 🔥 **RWA track explosion! A $16 trillion blue ocean, a revolution in bringing real-world assets on-chain is here!**
**What is RWA?** It's about "moving" **real-world assets** like real estate 🏠, charging stations, artwork, etc., onto the blockchain, turning them into tradable, divisible digital tokens, allowing global investors to participate!
**Why is it so popular?** - 💰 **Lowering the threshold**: Retail investors can now invest in million-dollar assets (e.g., Shanghai vineyard issuing RWA to raise 10 million) - 🚀 **Improving efficiency**: Blockchain is transparent and traceable, reducing financing costs by 50% (Loxin Technology charging station RWA raising 170 million) - 🌍 **Globalization**: Hong Kong passed the "Stablecoin Bill", BlackRock and Goldman Sachs entered the market, and the market size may reach **$16 trillion** by 2030!
**Policy boost** The People's Bank of China stated: "Developing RWA to broaden financing channels for the real economy", and the White House issued a national RWA strategy!
**#BlockchainRevolution** has arrived! Asset on-chain, the era of ordinary people earning passively begins ~💸 #RWA #Web3
A dormant address containing 10,000 BTC was activated after 14.3 years, valued at $7,793 in 2011 (reply 1 to claim a red envelope)
According to Golden Finance reports, on-chain data tracking service Whale Alert monitored that around 11:47 AM Beijing time, a dormant address containing 10,000 BTC (1,092,973,486 USD) was just activated after 14.3 years (valued at $7,793 in 2011).
The big pancake is 110,000, amazing! The red envelope continues. Just follow and reply in the comments with Big Pancake is amazing to receive the red envelope. #BTC重返11万
A big bullish candlestick is like thousands of troops coming to meet! 110,000, give me a push! First, I'll send a small red envelope, and I'll continue to send more after it arrives! (Comment: Just push to receive the red envelope) #BTC冲11万
#SOL Let's leave it at that for now, brothers. I've been staring at the market for almost half a month and I'm about to collapse. I need a break, follow me, and I'll be back anytime!
Recharge everyone's faith and see how long it takes to bring about a small bull market after the historical panic in the past.
Recharge everyone's faith and look at the historical panic in the past; how long will it take to bring about a small bull market?
Case 1) 2017: Bitcoin under the 9.4 Policy Storm
The price of Bitcoin was cut in half, falling from 5,000 yuan to below 2,800 yuan, but it only lasted for more than 10 days, followed by a surge to a high of 20,000 yuan, an increase of nearly 7 times.
Case 2) 2020: The '3.12' Black Swan Continued Panic for 43 Days
The price of Bitcoin fell from $8,000 to $3,780, followed by a rebound, with Bitcoin soaring from a low of $3,850 to a high of $64,895. An increase of nearly 17 times in 400 days.