Centralized exchanges and decentralized exchanges are the two main types of platforms for cryptocurrency trading. Below are their key features:
Centralized Exchanges
- Features: Trades are conducted on centralized servers, users need to register accounts and deposit funds into the exchange wallet, trades are matched by the exchange, the order book is centrally managed, transaction confirmation speed is fast, and there is a professional customer service team providing support.
- Advantages: Good user experience, simple operation, strong liquidity, a wide variety of trading products, support for multiple trading pairs, strict KYC and AML certification, which to some extent ensures transaction security.
- Disadvantages: There is a risk of single point of failure; if the server encounters issues, trades may be affected. User fund security relies on the exchange; if the exchange is attacked or internal issues arise, funds can be easily stolen. Moreover, trading rules are set by the exchange, limiting user control over transactions.
- Representative Platforms: Binance, Huobi, etc.
Decentralized Exchanges
- Features: Based on blockchain technology, trades occur directly between users without the need for centralized institutions to match them. Smart contracts enable the automatic execution and settlement of trades, and users connect to the exchange through wallets, with private keys held in their own hands.
- Advantages: Users have full control over their funds, high security, transparent transactions, all transaction records can be checked on the blockchain, and there is no need to register accounts, protecting user privacy.
- Disadvantages: Smart contracts may have vulnerabilities, leading to security issues; transaction confirmation speed is slow, liquidity is relatively poor, trading interfaces may not be user-friendly, operations can be complex, and there are high technical requirements for users.
- Representative Platforms: Uniswap, PancakeSwap, etc.
#交易类型入门 - Definition: Refers to the real-time trading of digital currencies between buyers and sellers at current prices. Once the transaction is completed, the digital currency is immediately transferred from the seller's wallet to the buyer's wallet, similar to the traditional exchange of goods for cash. For example, when an investor purchases Bitcoin using fiat currency or other digital currencies on an exchange, it is called spot trading.
- Characteristics: The trading process is simple and direct, allowing investors to directly own digital currencies. The risks are relatively low, and returns depend on the price fluctuations of the digital currency, making it suitable for long-term investors.
Futures Trading
- Definition: A contract trading where the two parties agree to deliver digital currency at a predetermined price and quantity at a specific future time. For instance, if an investor expects the price of Bitcoin to rise in the coming months, they would buy a Bitcoin futures contract to lock in the future purchase price.
- Characteristics: It has a leverage effect, which can amplify both returns and risks; usually, only a small margin is required to control a contract of significant value. The trading is relatively complex, with risks of expiration delivery and higher transaction costs, making it suitable for experienced investors with a high risk tolerance.
#山寨季何时到来 - Starting November 22: There are analyses suggesting that based on key indicators predicted for 2025 such as BTC.D, ETH/BTC, USDT.D, and OTHERS/BTC, the altcoin season is expected to start on November 22, 2024, and is anticipated to last for about 5 months, until April 2025.
- First quarter start: Cryptocurrency market analysts predict that altcoins will enter a super bull market in the first quarter of 2025, as technical charts indicate that their patterns are similar to those before the bull market in 2021, and overall optimistic sentiment is leading to a strong start in 2025.
- Second half start: Based on historical data and capital rotation patterns, some believe that the altcoin season in 2025 may begin in the second half of the year. For instance, if the Federal Reserve potentially lowers interest rates in June, capital for trading cryptocurrencies may increase; institutions like BlackRock, after accumulating enough Bitcoin, may also look to invest in small to mid-cap coins in the second half; AI + blockchain projects are also planning to launch in the second half.
As of May 9, 2025, 12:01 PM, the exchange rate of USDC to USD is 1:1, and the exchange rate to RMB fluctuates between 7.28 and 7.30 yuan. In the last 24 hours, the highest price of USDC was 7.30 yuan, the lowest price was 7.29 yuan, the trading volume was 14.343 billion, and the transaction amount was 104.633 billion yuan.
From a technical indicator perspective, based on the recent 4-hour candlestick chart, the MACD histogram continues to be positive and is gradually lengthening, indicating strong bullish momentum. However, while the price is rising, the trading volume has decreased, suggesting weakened upward momentum. Overall, the current price of USDC is relatively stable, with no significant changes in market trends. However, the movement of stablecoins can also be influenced by various factors, such as market sentiment towards cryptocurrencies like Bitcoin, macroeconomic policies, and relevant regulatory policies. Investors should remain vigilant and closely monitor market dynamics.
As of May 9, 2025, at 9:01 AM, the price of Bitcoin is $102,943.92, with a 24-hour increase of 5.991%. Based on recent trends, Bitcoin continued to rise after breaking through 99K on May 8, surpassing the $100,000 mark and reaching a high of $104,145.76.
From a technical analysis perspective, based on the 4-hour candlestick chart, the MACD histogram remains positive but is gradually shortening, indicating a weakening of bullish momentum. According to BOSS Wallet data, the most recent support level is $92,362.0, and the most recent resistance level is $99,554.0.
#Stripe稳定币账户 Stripe is an online payment processing company that has related operations and account services in the stablecoin field.
Main Content
- Account Functions: Allows businesses and developers to integrate stablecoin payment functionalities into their platforms, facilitating users' operations such as storing, transferring, and paying with digital currencies. Through Stripe's stablecoin accounts, merchants can accept multiple stablecoins as payment methods, broadening payment channels and enhancing transaction flexibility and efficiency.
- Supported Stablecoins: Typically supports various mainstream stablecoins, such as USDC (USD Coin), etc. This allows users to choose suitable stablecoins for transactions based on their needs and market conditions.
- Compliance and Security: Stripe emphasizes compliance and adheres to relevant laws and regulations in the operation of stablecoin accounts, ensuring the legality and security of transactions. At the same time, it employs advanced encryption technologies and security measures to protect users' account information and fund security.
Advantages
- Convenient Technical Integration: For developers, Stripe offers a simple and user-friendly development interface and documentation, making it easy to quickly integrate stablecoin payment functionalities into various applications and websites, thereby reducing development costs and difficulties.
#BTC突破99K The reasons for this breakthrough are mainly as follows:
- Capital inflow drive: The US spot Bitcoin ETF has seen over $4.6 billion in capital inflows over the past two weeks. In the week ending May 3, capital inflows into Bitcoin investment tools reached $1.8 billion, indicating a significant increase in institutional investors' interest in Bitcoin, providing strong capital support for Bitcoin's price breakthrough.
- Increased market confidence: Bitcoin's realized market capitalization has reached a historical high of $889 billion, showing that long-term holders' confidence in Bitcoin is strengthening. At the same time, short-term holders' realized losses have decreased to 1%-2% of the daily total, indicating that recent buyers are more willing to hold amidst price fluctuations, with selling pressure being minimal.
- Technical patterns supporting: Bitcoin has broken through a descending wedge pattern, which is a common bullish reversal or continuation pattern. Moreover, the weekly Relative Strength Index (RSI) is steadily rising and has crossed the signal line, currently hovering around 61, indicating strong upward momentum.
#BTC重返10万 - Macroeconomic and Policy Factors: U.S. President Trump hinted at reaching a significant trade agreement, reducing market uncertainty and increasing investors' preference for risk assets, a sentiment that has spread to the cryptocurrency sector. At the same time, governors of Arizona and New Hampshire signed bills allowing the establishment of state-level Bitcoin reserves, enhancing market confidence in the acceptance of crypto assets by the government.
- Market Demand Factors: U.S. stocks rebounded from the April lows, global market risk sentiment recovered, and investors' willingness to allocate to risk assets increased, leading to rising demand for Bitcoin as a risk asset.
Subsequent Trend Analysis
From a technical perspective, Bitcoin currently faces a key resistance range between $101,500 and $106,500. If it can maintain above $101,000 in subsequent trading, it is expected to challenge the historical high of $109,225 set in January again. However, if Bitcoin falls below the short-term support level of $93,780, it may pull back to the $80,000 level.
$BTC - Price Uptrend: Bitcoin enters May with new momentum, rising over 14% in the past 30 days, trading only 6.3% below the critical $100,000 threshold.
- Demand Recovery: Apparent demand for Bitcoin has turned positive since the end of February, rising to 65,000 BTC in the past 30 days, marking a strong rebound since the low on March 27. However, overall demand momentum remains weak, with new capital inflows (especially from U.S. ETFs) still sluggish compared to levels in 2024, and much of the recent accumulation may be driven by existing holders rather than new capital entering the market.
Technically, Bitcoin's price showed some short-term adjustment signals on May 6. Bitcoin retraced from near the upper Bollinger Band, the MACD line crossed below the signal line on May 6, and the histogram turned red, indicating a weakening bullish momentum. However, the price remains above the middle Bollinger Band (20-day simple moving average) at $92,367, which is currently a key short-term support level. If this support holds, bulls may defend the $92,000 - $94,000 area and attempt a rebound.
Some cryptocurrency analysts are optimistic about Bitcoin's price. For example, Javon Marks believes that Bitcoin's price chart has formed a bullish divergence, which could help Bitcoin soar to new price highs, ultimately reaching $108,000. Ali Martinez also gave a bullish forecast for Bitcoin, stating that the development of the Bollinger Bands will prompt Bitcoin to soon encounter new highs. According to Coincodex, Bitcoin could soar to $112,000 by the end of May 2025.
The #MEME法案 MEME Act is the "Modern Emoluments and Malfeasance Enforcement Act." Here is an introduction to it:
- Background: The meme coin market has experienced explosive growth, resulting in numerous issues such as market manipulation and fraud, harming investors' rights. At the same time, the TRUMP coin issued by former U.S. President Trump has attracted widespread attention and controversy, creating a backdrop for the emergence of the MEME Act.
- Proposer: On February 27, initiated by California Democratic Congressman Sam Liccardo, with more than a dozen Democratic co-sponsors.
- Main Content: Prohibits the president, members of Congress, other high-ranking officials, and their spouses and children from issuing or sponsoring securities, commodities, and meme coins, among other cryptocurrencies. Requires Trump to surrender all profits obtained from selling meme coins. Stricter penalties, including criminal and civil punishments, have been established for violations related to the issuance and trading of meme coins.
- Purpose: To prevent public officials from using their political power for personal gain, maintain the stability of financial markets and protect investors' interests, and enhance market transparency and security.
- Impact: For investors, the implementation of this act will reduce investment risks. For project parties, there will be a need to operate projects more规范 (regulated), or they will face legal risks. However, in the currently Republican-controlled Congress, this act has little chance of being passed, but it can serve as a "placeholder," potentially being reintroduced and pushed through when the Democratic party is in power in the future, and it also serves as a symbolic protest against corruption.
The price of Bitcoin (#比特币预测 ) is influenced by various factors. Here are some analyses of its future price trends from different perspectives:
Technological Development
- The underlying blockchain technology of Bitcoin is continuously evolving and improving. The emergence of second-layer scaling solutions like the Lightning Network may enhance Bitcoin's transaction speed and reduce transaction costs, thereby increasing its utility and attractiveness, which could positively impact its price.
- However, if significant technical vulnerabilities or security issues arise, such as hacking attacks or disruptions to the consensus mechanism, it could trigger market panic, leading to a price drop.
Market Supply and Demand
- The total supply of Bitcoin is limited. As time passes, the production of new Bitcoins gradually decreases. If demand remains constant or increases, it may drive prices up.
- Conversely, if a large number of Bitcoin holders sell their Bitcoins for various reasons (such as taking profits or losing confidence in the market), resulting in a significant increase in market supply while demand cannot keep up, prices may face downward pressure.
Regulatory Policies
- Some countries and regions adopt a positive regulatory stance towards Bitcoin, clarifying its legal status and even regulating it as a means of payment or investment tool. This helps enhance market confidence in Bitcoin and drives prices up.
- Conversely, if some countries strengthen regulations on Bitcoin, restricting its trading, mining, or usage, it may lead to panic among market participants, causing significant fluctuations or even a drop in Bitcoin prices.
Macroeconomic Environment
- In times of economic instability, severe inflation, or poor performance in traditional financial markets, investors may view Bitcoin as a safe-haven asset, thus increasing demand and driving prices up.
- When the macroeconomic situation is favorable and there are abundant investment opportunities in traditional financial markets, funds may flow from the Bitcoin market to traditional financial markets, leading to suppressed Bitcoin prices.
The FOMC meeting of the Federal Reserve, or the Federal Open Market Committee meeting, is the meeting that determines U.S. monetary policy. Below is a relevant introduction:
Composition of the Meeting
The FOMC consists of 12 voting members, including 7 Board members, the President of the New York Fed, and 4 other regional Fed Presidents. The 7 Board members are nominated by the President of the United States and confirmed by the U.S. Senate; the President of the New York Fed has permanent voting rights; the 4 other regional Fed Presidents are selected from the 11 regional Fed Presidents, excluding the New York Fed President, on a rotating basis for a term of 1 year.
Meeting Schedule
Eight regular meetings are held each year in January, March, May, June, July, September, October, and December, generally lasting one to two days. Among them, the minutes of the meetings in March, June, September, and December will publish a dot plot of the 19 participants (12 voting members + the other 7 regional Fed Presidents) forecasting the federal funds target rate, economic growth rate, inflation rate, and unemployment rate.
Meeting Content
The meeting mainly discusses the state of the economy, financial market risks, monetary policy decisions, etc., and economists from the Fed will also present their research findings. Its monetary policy goal is to seek a balance between economic growth and inflation, and based on this principle, it sets the target range for interest rates.
#美国众议院市场结构讨论草案 The U.S. House of Representatives Market Structure Discussion Draft generally refers to drafts released by relevant committees of the U.S. House of Representatives regarding the regulatory structure of specific market areas. Recently, the draft that has garnered attention is the discussion draft of the "2025 Digital Asset Market Structure Act." Below is a related introduction:
Background
With the rapid development of the digital asset market, the U.S. lacks a clear regulatory framework, leading to uncertainty in the market and concerns among investors. Therefore, it is necessary to introduce relevant drafts to establish a clear and sustainable crypto regulatory framework.
Leading Personnel
Led by Representatives French Hill, G.T. Thompson, Bryan Steil, and Dusty Johnson.
Main Content
- Establish a Unified Regulatory Framework: Clearly define digital goods, stablecoins, self-custody rights, and decentralized finance.
- Divide Regulatory Authority: Assign the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) distinct regulatory authorities. The SEC will regulate digital assets considered investment contracts, while the CFTC will oversee digital goods and their spot markets.
- Establish Registration Mechanisms: Create registration mechanisms for exchanges, brokers, custodians, etc., to regulate the behavior of market participants.
- Protect Investors: Emphasize consumer protection by removing wealth and income checks, opening the crypto market to a broader range of investors, and eliminating what were previously seen as barriers to entry, such as accredited investor requirements.
#空投防骗手册 Protect Personal Information and Asset Security
- Do not disclose sensitive information casually: Legitimate airdrops generally will not ask you to provide excessive sensitive information, such as ID card numbers, bank card numbers, passwords, private keys, etc. If such requests are made, it is very likely to be a scam.
- Use a secure wallet: When participating in airdrops, use a reputable and secure cryptocurrency wallet. Do not use wallets of unknown origin to prevent security vulnerabilities that could lead to asset theft.
- Avoid financial transactions: Genuine airdrops will not ask you to transfer money or pay any fees to receive airdrop tokens. If you encounter requests for “handling fees” or “deposits,” firmly refuse.
Technical preventive measures
- Check the smart contract address: If the airdrop involves interaction with a smart contract, carefully check that the contract address matches the one officially published by the project. You can do this through a blockchain explorer.
#空投操作全指南 Below is a guide related to airdrop operations in the cryptocurrency field:
Airdrop Process
Confirm Project Details: The project team determines the number of airdrop tokens, target audience, platform, and the qualifications required for users to receive airdrop tokens.
User Participation in Projects: Users filter out high-quality Web3 projects they are interested in and follow, share posts, join groups, fill out questionnaires, interact with the project, etc., on social media as required. Some projects also require KYC verification.
User Submits Required Information: After meeting the requirements, register for the airdrop and submit the information, then wait for token distribution.
Project Distribution of Rewards: Generally executed through smart contracts, airdrops are automatically allocated to users' wallets, and once received, users can choose to hold or trade the tokens.
Specific Operations
Open Fingerprint Browser: Set up browser extensions, such as opening MetaMask in the Fingerprint Browser app center.
Purchase Proxy IP: Buy exclusive clean proxy IPs from relevant platforms, set the country, and generate the connection, or import proxy information through key synchronization or other methods.
Bulk Import Accounts: In the Fingerprint Browser, use the bulk import feature to import account details, passwords, URLs, and proxy information, ensuring that IPs correspond to accounts one-to-one.
Log in and Participate in Activities: Log in to the relevant platform account in each environment to find project resources and start activities.
In April 2023, the U.S. Securities and Exchange Commission (SEC) delayed the approval of several spot ETFs. This involves cryptocurrency-related ETF applications from multiple companies, including Grayscale, Canary Capital, Bitwise, Franklin Templeton, and Fidelity.
Details
- Applications due on June 10 and 11: This includes Grayscale's application to convert its Polkadot (DOT) trust into an ETF, Bitwise's Bitcoin (BTC) and Ethereum (ETH) combined ETF, and Canary Capital's application for listing a Hedera (HBAR) ETF, among others.
- Other delayed applications: Franklin's SOL and XRP ETFs, Grayscale's HBAR ETF, Bitwise's DOGE ETF, and staking proposals for Ethereum ETFs from Franklin and Fidelity.
Reasons for Delay
The SEC stated that it needs more time to consider the proposed rule changes and the issues raised to ensure investor protection and market transparency. Due to the high volatility and compliance issues in the cryptocurrency market, the SEC's risk assessment of crypto assets is still ongoing.
#特朗普就职百日 - Domestic Policy: In terms of immigration policy, announced the abolition of 'birthright citizenship', strengthened border control, and conducted large-scale sweeps to capture and deport illegal immigrants, leading to dozens of legal lawsuits. In economic policy, promoted domestic tax cuts and foreign tax increases, encouraged 'manufacturing return', increased traditional energy extraction, and relaxed cryptocurrency regulation, but the economic situation in the United States has not improved. In terms of government reform, allowed Musk to lead the efficiency department to cut federal agencies, resulting in the elimination of several federal departments or 'cutting off funding', with more than 100,000 federal employees being laid off or 'voluntarily resigning', and the reform has hit a bottleneck. Furthermore, Trump appointed friends and relatives, leading to infighting within the governing team, frequent scandals, and a decline in public trust in the government.
- Foreign Policy: In trade, launched attacks on global trade partners, implementing a 'reciprocal tariff' policy, which caused strong dissatisfaction among various countries and disrupted international economic and trade order, impacting world economic development. Regarding the Russia-Ukraine issue, Trump engaged in extreme pressure tactics, suspended military aid, and reduced aid allocations, but failed to achieve a ceasefire between Russia and Ukraine, and also harmed strategic mutual trust with European allies. At the same time, the Trump administration frequently 'reneged on agreements and withdrew from groups', exiting the Paris Agreement, the World Health Organization, and the United Nations Human Rights Council, among others, with its hegemonic and bullying rhetoric and actions leading to a continuous deterioration of the global perception of the United States.
On April 27, 2023, the price of Bitcoin (BTC) was approximately $94,450, down about 0.66% from the previous trading day. Recently, the price of Bitcoin has entered an adjustment phase after breaking through the $100,000 mark.
In the short term, the price of Bitcoin is influenced by market sentiment, with some investors taking profits, leading to price fluctuations. At the same time, macroeconomic factors such as expectations of interest rate hikes in the United States and global inflationary pressures also affect the price of Bitcoin.
In the long term, several institutions predict that the price of Bitcoin could reach $200,000 by the end of 2025, primarily due to the continued influx of institutional investors and the decrease in Bitcoin supply. However, the long-term trend will also be affected by various factors such as the global economic situation, policies and regulations, and market supply and demand relationships, leading to a certain degree of uncertainty.
#空投发现指南 - Sound Localization: When the signal reception area is about to shrink or is currently shrinking, there will be the roar of an airdrop transport plane. When heard, you can look up and observe.
- Observe Flight Path: Following the flight path of the plane, you can roughly determine the possible drop area of the airdrop.
- Pay Attention to Smoke Signals: Airdrop boxes that have landed will emit red smoke, while super airdrops will emit yellow smoke. If you see smoke, you can head to the corresponding location.
Blockchain Field
- Utilize Professional Platforms: Platforms like DeFiLlama, Airdrop Alert, etc., will provide real-time updates on airdrop project information.
- Follow Social Media and Communities: Follow the official accounts of project teams on platforms like Twitter and Telegram, and join the cryptocurrency section on Reddit, Ethereum community, etc., to obtain airdrop information.
- Read Project Documentation: By reading the project's whitepaper and roadmap, you can determine whether the project has airdrop potential.