The allegations regarding KuCoin's reserves reportedly triggered significant concerns and speculation within the crypto community. Specifically, CryptoQuant (a well-known community-based crypto analytics platform) issued a statement about a significant decline in KuCoin's Bitcoin reserves. The platform claims that KuCoin's reserves experienced a staggering decline of up to 77.6% after the exchange enforced KYC. Moreover, CryptoQuant highlighted the drop in the reserves of the crypto exchange from 18,300 to only 4,100. This crypto analytics company believes that this corresponding decline occurred after KuCoin recently implemented its know-your-customer requirements. CryptoQuant's report claims this resulted in a massive outflow of approximately 14,200, following the aforementioned update. Based on this, CryptoQuant raised allegations regarding KuCoin's financial stability.
#美联储FOMC会议 The Federal Reserve is taking action! The fate of BTC's bulls and bears hangs by a thread! What the market fears most is not negative news, but uncertainty. The Federal Reserve's interest rate decision will determine whether BTC will soar to $100,000 or plunge! Currently, the market expects three rate cuts this year, keeping rates at 4.5%. As long as the Federal Reserve doesn't sing a different tune, BTC has a chance to directly surge to $95,000! If the direction for rate cuts is confirmed, it will strengthen expectations for liquidity; the crypto market will either rally or skyrocket. If the speech is hawkish or ambiguous, tonight could be a 'trap for longs' scenario, and $95,000 could quickly become a high point for trapping traders! The $94,700-$95,000 range is an excellent shorting zone; as long as it doesn't break $95,500, failing to rise means it's a trap for longs! Key support below is at $91,600; once it breaks, the downside space will open up completely. Don't think about bottom-fishing on the left side, and don’t chase short-term rebounds; this is a continuation of the downtrend, not a new bull market! The real big test will give the market the final answer. Until the direction is determined, do not gamble, do not rush; it’s better to miss out than to take unnecessary losses! For those feeling lost in trading, wanting to recover losses, or looking to double their investment, follow Long Shao for advance positioning! #Strategy Increase Bitcoin Holdings #美联储FOMC会议
#美国众议院市场结构讨论草案 According to a report by Golden Finance, Forbes journalist Eleanor Terrett disclosed that page 49 of the House's new market structure discussion draft aims to clarify that transactions involving the sale of digital goods do not constitute securities as long as they do not confer the buyer ownership rights in the issuer's business, profits, or assets. In other words, if you buy and sell digital goods on the secondary market rather than directly from the issuer, then unless that sale grants you some form of ownership or claim to the company's profits or assets, it will not automatically trigger U.S. securities law.