老韭说币圈

Have you noticed that this bull market is very strange, Bitcoin has broken its all-time high, BNB has also broken its all-time high, while ETH, the leader of the altcoins, is half dead.
In the previous bull markets, Bitcoin and Ethereum basically rose and fell together. Within a month of Bitcoin reaching a new high, ETH would inevitably reach a new high.
For example, on December 16, 2017, Bitcoin reached a new high of $19,665, and ETH reached a new high of $1,448 on January 13, 2018. It took about a month.
Let’s first look at the bull market in 2017. The main driving force was ICO, and the biggest beneficiaries were Ethereum and various altcoins under various banners.

The crypto world still has no hotspots, but finally caught a wave of Elon Musk's gossip. It is said that Musk approached an Asian female cryptocurrency KOL with a large sum of money to have a child, but she declined and exposed the matter. Musk got angry, and since he owns Twitter, he significantly reduced this female KOL's income on the platform.
Then there is a prediction platform in the crypto world that predicts whether this female KOL is pregnant. This action was condemned by Vitalik, who believes such predictions are very boring and infringe on a person's privacy and dignity.
Amid the global trend of declining birth rates, Musk is going against the trend, with 14 children exposed through sperm donation and surrogacy methods, while the number of unexposed children is probably unknown even to Musk himself.

Still no hotspots, UNIchain has started mining, but the DeFi Summer will never return. KOLs in the crypto space are discussing educational backgrounds, indicating that the era of grassroots entrepreneurship is over. It's like selling insurance now; before, a college diploma was enough, but now a university degree isn't even a must. In short, the industry is saturated, so people start to roll out all sorts of things. But it shouldn't be put that way, how can HR filter resumes and still slack off? It should be said: talent is now developing towards specialization and elitism. Haha, talent has advanced, but the real economy is withering away, which is quite interesting.

This is the most amusing news I saw today. OM dropped 90% at dawn, yet its drop this year is less than 30%, while Ethereum has nearly dropped 60% this year. Before the crash, OM had a circulating market value of around 6 billion USD, ranking in the TOP 30 of the cryptocurrency market, which is considered a large market cap token. I didn’t expect it to drop like a fragile dog.
Someone on social media shared that they lost 1.36 million USD; playing with altcoins can be truly miserable! Two weeks ago, ACT crashed 60%, and today OM crashed 90%. Altcoins can die on a whim; how could there possibly be an altcoin season? The retail investors probably won't dare to play anymore.

In the past, the media gave me the impression of being just for the paycheck, even if the industry has a bad reputation, they would not dare to offend it for fear of losing their jobs. Today, I was quite surprised to see that the media immediately stopped promoting contract trial experiences to college students after the explosive news about the exchange. Although the media did not name which exchanges, everyone knows clearly that Bybit and Bitget are the most prominent ones, stepping up to take the hit!

The 'trade war' is basically over. In response to Trump's 145% tariffs on China, China announced an increase in tariffs on the U.S. to 125%. Meanwhile, they declared: If the U.S. continues to raise tariffs, China will not respond.
Friends with experience in arguments can all feel that if you are arguing with someone, what is the most frightening thing? It’s not when the other person fights back, but when they no longer pay attention to you!
Although Trump does not play by the rules, in the end, he finds: the clown is actually myself.
Everyone can finally take a breath.
Bitcoin is also performing strongly today, hitting $83,000.

"Tariff war" changes again; on one hand, Trump has suspended tariff increases for countries that previously softened their stance, maintaining a 10% base tariff. On the other hand, tariffs on China have been raised to 145%. It's a clear display of bullying.
Trump, at the center of power, enjoys this feeling of submission while not missing any opportunity to make money. Yesterday, Trump publicly called for stocks on social media, and the three major US indices surged by 10%, jumping from the ICU bed into a KTV. Many KOLs on foreign platforms questioned Trump's insider trading.
In the cryptocurrency circle, Trump's behavior of using power for insider trading is even more obvious. For example, in March, he publicly called for XRP, ADA, and SOL as strategic reserves, and issued TRUMP coin in January.

昨天刚写完文章瞎说了一嘴, and sure enough, there was a huge crash on Monday!

Readers who have watched (Game of Thrones) should know that there was a 'mad king' in the last generation of House Targaryen, who single-handedly overthrew a dynasty that had lasted over 280 years.
Does anyone feel that someone in the beautiful country now resembles a mad king, recklessly manipulating the global order established since World War II, causing panic in the capital markets?
Everything seems to resemble signs of the end times.
(Romance of the Three Kingdoms) states that the trends of the world will eventually unite after long division and divide after long unity. The world has fallen into a chaotic era, so everyone should take care of themselves.

I have a faint feeling that the likelihood of a big drop on Monday is increasing. Firstly, during the Qingming holiday, China officially declared 'war' on the U.S., refusing to compromise on equal tariffs. When two superpowers collide head-on, chaos is inevitable. Today, Saudi Aramco, which opened first, has already crashed, falling 5%.
Secondly, there’s the cryptocurrency market's 'every meeting must drop' curse. Hong Kong is hosting a Web3 conference, and both CZ and Vitalik are in attendance. Energy conservation applies—whatever enthusiasm is released by people at the conference, the market will respond in kind.

Market analysts believe that Monday is likely to replay the 1987 'Black Monday' crash. From October 14 to 16, 1987, the market fell for three consecutive days, and on October 19, the U.S. stock market opened with a single-day drop of over 22%. The current market situation is extremely similar to that time.

Entering Saturday, US stocks finally stopped falling.
The crypto world is dull and boring; the only hot topic is Sun Yuchen's rights protection. It's truly amazing that after cutting leeks for so long, only leeks sought Sun for rights protection. Who would have thought that Sun would also have a day of being cut? 😂

1. Market News
1. Bitcoin surpassed silver to rank 9th in global asset market capitalization.
2. The US SEC released new regulations, defining 'compliant stablecoins' and exempting some regulatory obligations.
2. Project Updates
1. P2P.me completed $2 million in seed funding, with participation from Multicoin and Coinbase Ventures.

3. Market Trends

This evening, China announced countermeasures against the U.S. 'reciprocal tariffs': an additional 34% tariff on all imports from the U.S., on top of the existing applicable tariff rates.
The U.S. stock market opened flat this evening, with the Dow Jones falling more than 1000 points for two consecutive days. I wonder if Trump still stands by what he said back in 2015?
The U.S. stock market is falling, while Bitcoin has not dropped significantly, staying flat at 82K. This is unusual; I wonder if it's a trap set by market makers, like AUCTION and ACT, to catch the unsuspecting?
Today in the crypto world, there's something very disheartening: the Babylon airdrop exploded. Many participating bloggers said the gas fees they initially paid were more expensive than the airdrop currently issued by the project team, resulting in being rug-pulled, leaving them feeling discontent!