Introduction: Why will 2025 see a surge of hundredfold coins? Historical data proves that every bull market gives birth to dozens of hundredfold coins: 2017: ETH (150 times), XRP (500 times) 2021: SOL (200 times), AVAX (100 times), SHIB (million times) Where will the next hundredfold coin explode in 2025? ✅ The three core logic of hundredfold coins in 2025: Bitcoin halving effect (halving in April 2024, main wave in 2025) Large-scale institutional funds entering the market (giants like BlackRock, Fidelity, etc.) New technology + new narrative driving (AI, RWA, Depin, modular blockchain) If you missed 2021, 2025 will be the last opportunity! #百倍币计划 #百倍幣 $BTC
How much can you earn in the crypto world in a day? How much can you lose?
**✨A glorious moment of making over 100k in one day✨** Last year during the bull market, I followed the big players into a new coin, and I was really caught up in the FOMO mood, going all in! I didn’t expect that the coin would multiply 10 times in just one day!!! At that moment, I was completely stunned, watching the numbers in my account jump wildly, my heart almost stopped 💓 That feeling was really like a dream, I felt like I was the chosen one 😂
**💔The darkest moment of losing half a year's savings overnight💔** But! There are really no permanent winners in the crypto world 😭 There was one time I chased a hot coin at a high price, and just as I entered, I encountered a major pullback, and it was halved… What was worse, I was unwilling and added leverage to try to make back my losses, but ended up getting liquidated… I lost half a year's savings in one night, it was truly tearless crying 😢 During that time, I was really emo, even questioning life…
**🌟Blood and tears lesson🌟**
1️⃣ **Don’t go all in! Don’t go all in! Don’t go all in!** Important things are worth saying three times! The crypto world is too volatile, you must control your position and leave enough bullets for emergencies!
2️⃣ **Don’t blindly chase heights!** FOMO really kills people, seeing a surge makes you want to jump in, but the result is often being the one left holding the bag 😭
3️⃣ **Leverage is a double-edged sword!** Newbies should never touch leverage! Liquidation can teach you a lesson in a minute…
4️⃣ **Mindset is very important!** Fluctuations in the crypto world are perfectly normal, don’t let temporary losses ruin your mindset, and don’t get carried away just because you made some money ~
**🌈Finally, I want to say🌈** The crypto world is truly a double-edged sword, it can make you rich overnight, but it can also bring you back to zero in an instant… If you want to enter the circle, you must do your homework, control risks, and not be greedy! I hope my experience can help you, avoid detours, and make money steadily 💪#币圈生存法则 $ETH
Finally profitable My B circle turnaround record: from staying up late to earn 60% a year, relying on "stupid methods" to achieve certainty📈 Lessons learned at 3 AM I still remember the night of my first liquidation; I was staring at the green numbers on my phone screen, my fingers trembling—my hard-earned 50,000 yuan principal shrank by 70% in just one week. During those days, I felt like I was possessed: browsing "hundred-fold coin" news during the day and guarding the K-line chart at night, afraid of missing any "get-rich opportunity," only to fall deeper into the trap of chasing highs and cutting losses😫. The turning point came in the third year When I began to understand the principle that "money that is unfamiliar cannot be earned," everything truly improved. I set a strict rule for myself: no hitting the keyboard unless there is a verified signal. Even if I missed 10 market opportunities, I would never open a position randomly. This seemingly "conservative" strategy instead shifted me from a "gambling mentality" to a "rational investment posture," ultimately achieving 24 consecutive months of stable profits, with returns of over 60%. Why is it said that "stupid methods" are the true wisdom? The counterintuitive truth: there are daily legends of "getting rich overnight" in the crypto space, but data shows that 90% of short-term traders fail due to frequent actions, while those who stick to their trading system have a long-term win rate exceeding 80%. The key to cutting losses: beginners are always afraid of "missing out," while experts are thinking about "how to survive." My first principle is always: first protect the principal, then talk about profits. The wisdom of subtraction: after deleting more than 30 crypto trading groups from my phone and uninstalling the "real-time news" app, I instead saw the market more clearly—less noise, clearer signals. What will be shared next? ✅ 7 practical rules summarized from losses (including how to filter ineffective trades using 3 indicators); ✅ A guide to avoiding pitfalls built from real money (I have stepped into these "get-rich traps" for you); ✅ Capital management strategies that ordinary people can replicate (the underlying logic of transferring out 35% of profits weekly). If you have ever paid "tuition" in the crypto space, or want to break free from the cycle of "earning money by luck and losing everything by skill," you might want to spend 10 minutes reading the upcoming content—investment posture is not about who is smarter, but who makes fewer mistakes.#币圈暴富 $BTC
2025 Cryptocurrency Outlook: New Investment Logic Under Technological Breakthroughs and Compliance Restructuring
2025 Cryptocurrency Outlook: New Investment Logic Under Technological Breakthroughs and Compliance Restructuring
In the torrent of fintech iterations, the cryptocurrency space has always been the focal point of innovation and controversy. As we enter 2025, multiple variables resonate, outlining a new development landscape for this investment domain.
1. Deepening Technological Integration: Unblocking the 'Ren and Du Meridians' of Digital Asset Circulation The maturity of blockchain technology continues to leap forward, with cross-chain protocols and zero-knowledge proof technologies moving from the laboratory to large-scale applications. The former serves as a 'digital asset overpass', completely breaking down the circulation barriers of assets across different chains, significantly enhancing trading efficiency and asset allocation flexibility; the latter provides solid technical support for privacy protection, promoting the implementation of high-security demand scenarios. Technological breakthroughs have spawned new investment models such as cross-chain arbitrage and synthetic asset allocation, opening up more profit space for investors.
The general rules of the cryptocurrency market The general rules of the cryptocurrency market The general rules of the cryptocurrency market
In the past, the cryptocurrency market was a confrontation between the East and the West. There used to be market movements both day and night, with the basic market trends occurring during Western hours, specifically between 21:30 and 7:30 Beijing time. Significant rises usually happen in the early morning, so a qualified trader should go to bed at 20:00 and wake up at 4:00 to monitor trades.
1. If there is a continuous drop during the day in China, you must buy the dip; at 21:30, foreigners will drive the price up.
2. If there is a significant rise during the day, do not chase the high; it will likely fall back at night.
3. The key signal for buying and selling is the pin bar; the deeper the pin, the stronger the buy and sell signals.
4. Major meetings or positive news will lead to price increases, but once the news is out, prices will drop.
5. Group discussions about plans or community recommendations to buy a coin, filled with grand promises, can lead to excitement, but chances are you will get burned if you follow blindly. If a coin is extremely hot, you can short it immediately.
6. If a group member recommends something and you feel disinterested, it is very likely to take off; when in doubt, it’s worth trying a little.
7. When you are heavily leveraged in a position, you will definitely face liquidation; why? Because you are on the exchange's watchlist for liquidations.
8. After your short stop-loss is triggered, it will definitely drop. If it doesn't trick you out or pump, how can it drop? For example, TRB.
9. When you are just about to break even, and are so close, the rebound suddenly stops; how could they let you exit safely?
10. When you take profits, the price will pull back; if you don't exit, how can it go up? The weight of your position is too heavy.
11. When you are excited, a market crash will arrive as expected; your excitement is also a trap set by the whales.
12. When you are broke, every project seems to be rising, making you FOMO and rush to enter the market. So, you understand that the market is manipulated over 80% of the time; in addition to controlling your position, you must also seize the initiative. Be clear that you should not enter the market until you understand the whales' operations; once you enter, you become the prey on the exchange. Trading is a test of patience, composure, and timing. #币圈现状 $BTC
After many years of ups and downs in the crypto world, I finally understood the truth of the market
From the day I stepped into the crypto world, my life has been engulfed by an unending storm. The first thing I do every day upon waking is refresh the BTC market, my heartbeat fluctuating with the rise and fall of the candlesticks, excitement, anxiety, and unease have become an inescapable part of my daily life. From 'novice' to full-time trader: Learning to grow through liquidation
When I first entered the crypto world, like most people, I held the dream of financial freedom, yet I was completely unaware of the brutality of the market. The moment I faced my first liquidation, my mind went blank, and the overwhelming sense of powerlessness almost made me give up. But the innate unwillingness to admit defeat pushed me to frantically study indicators, review historical trends, and summarize mistakes and omissions, gradually finding my way out of the chaos.
Don't be deceived again! The truth about market maker washouts in the cryptocurrency circle revealed!
Many people, upon hearing the term 'market maker washout', think it is about robbing retail investors of their chips. In fact, the core of a washout is far more than just 'robbing chips'—it is also to reduce selling pressure and lower costs for the subsequent price increase, ultimately achieving high-level cashing out! Today, I will help you thoroughly understand the logic behind the washout in the cryptocurrency circle! · 🔍 How does the market maker operate? Assuming there is a small cryptocurrency with a total issuance of 10 million coins, currently priced at 1 dollar. The market maker secretly absorbs 5 million coins, controlling half of the market. However, if they directly push the price up, retail investors might be reluctant to sell, leaving no one to take over at high prices, and the market maker would not make any money!
Cryptocurrency Margin Trading: From 20,000 to 1,600,000, I rely on the "stupid method" to win #BTC People often ask me if there are any exclusive money-making strategies in the cryptocurrency world. The answer is simple—I went from 20,000 to 1,600,000 by relying precisely on strategies that seem "ridiculously stupid" in the eyes of smart people. They laugh at me for not understanding complex operations, but in the end, it’s them who get liquidated, while I can steadily secure my profits. The so-called "stupid method" is based on four core points that are easy to execute: - Focus on only one mainstream currency (BTC/ETH), don’t be greedy - Only pursue one direction (long or short), don’t switch back and forth - Cut losses immediately when losing, take profits and exit when doubling, don’t cling to battles - Stop immediately after three consecutive mistakes, review before starting again Why are "smart people" more prone to liquidation? Because the market is never controlled by "logic"; it only rewards those who can "survive". I’ve seen too many people open 10 positions, monitor 20 varieties, analyze with great detail, yet end up with zero in their accounts; there are also friends who lost 400,000 overnight using 10x leverage on LUNA, having to rely on food delivery to recover. Meanwhile, I grew my account step by step through "small positions to experiment → profit before adding positions → fixed profit taking and loss stopping". Ultimately, making money in the cryptocurrency world doesn’t rely on complex techniques, but on mindset and execution. This journey has had pullbacks and temptations, but I always remember to "survive first and don’t overthink". I have helped people who had only 2,000 U to rebuild their capital using this "stupid method". Want to turn your fortunes around in the cryptocurrency world? It actually takes just three steps: 1. Stop the random operations you’re doing, don’t mess around anymore 2. Root yourself in the "stupid method", completely give up the fantasy of getting rich quick 3. Stick to it for 30 days and verify the right and wrong with actual results The cryptocurrency world never rewards the smartest people, but rather the "dumbest" and most patient ones. The September market has already begun; don’t miss the opportunity this time. #币圈暴富 $BTC
When you trade for a day or two and effortlessly earn someone else's monthly salary, that excitement is hard to hide. You might start imagining going out for a big meal, spending extravagantly, or even feeling compelled to show off your shining moments on social media.
You feel yourself getting closer to the dream version of yourself, having paid off all debts, in a state of freedom and abundance, unrestrained. You begin to yearn for wealth; freedom seems just around the corner.
But one day, when you earn what someone else makes in an entire year through trading, everything changes. You are no longer excited or thrilled, and even lack any excess emotional fluctuations.
You simply quietly turn off the computer, go home to cook a simple bowl of noodles, eat slowly, and then sit by the window watching the night quietly fall, feeling an unprecedented calm inside. You suddenly understand that true strength is a silent transformation.
This world is as noisy as a tide, yet you choose to walk quietly outside of it. You no longer care, no longer explain, and no longer compete. You begin to be tolerant, even gently viewing the choices you once thought were foolish and the silly voices.
Because you finally see through this world; it is merely a speck of dust in the torrent of fate.
You begin to understand that freedom is never earned through relentless effort; it is hidden within the boundaries of perception. Yet the vast majority of people remain trapped in an invisible cage throughout their lives, tamed by predetermined rules, bound by textbook-like logic, busy in repetitive lives, chasing successes that never belonged to them.
True freedom is not about accumulating wealth but about loving life even after seeing the world clearly.
And this lightness does not depend on how much you earn but on the realization that the truth of this world will always belong to the very few who are willing to think independently and dare to take risks. #币圈 #暴富
Essential Reading for Entering the Crypto World: 9 Life Lessons More Important than Technology
Friends, are you both excited and scared after entering the crypto world? Afraid of missing the wealth train, and even more afraid of being harvested like leeks. 😭 As someone who has crawled out from bloody lessons, today I won’t discuss complex technologies, just share some very practical 'life advice' that can save you a lot of tuition fees! ✨
1️⃣ Give up the fantasy of 'getting rich overnight'. The crypto world is filled with legends of 'hundredfold coins' and 'thousandfold coins', but more are the tragedies of 'zero coins'. Adjust your goals from 'getting rich' to 'learning' and 'accumulating'. Through learning and practice, align your cognitive level with the wealth you desire.
Can you earn 1 million from 10,000? Let me tell you with my experience: two methods.
First method: You only need 2 tenfolds to earn 1 million. First, prepare 10,000 yuan, 10,000 - 100,000, 100,000 - 1 million. Break down 1 million into 2 tenfolds, look for corresponding opportunities at each level, and repeat the profitable operations 100 times in each tenfold; you can basically secure 1 million. So you just need to find 2 tenfold coins next.
Second method: In the crypto world, to earn 1 million from 10,000, there is only one way, which is to roll positions. Once you have 1 million, even if you do not use leverage, if you hold spot and it rises by 20%, you will have 200,000, which is already the income ceiling for the vast majority of people in a year. And at this point, you will also grasp some ideas and logic for making big money, and your mindset will calm down a lot; thereafter, it’s just copy and paste.
College Students Entering the Cryptocurrency Market: A Discussion on Earning Money
Guide for Newcomers in the Cryptocurrency Market: The cryptocurrency market is full of opportunities, but it also comes with significant risks. For newcomers, blindly following trends may lead to total losses. Below is a systematic guide for entering the market, helping you avoid common pitfalls and start your investment journey rationally.
I. Solidify Basic Knowledge 1. Understand Core Concepts of Blockchain First, understand what decentralization, distributed ledgers, and smart contracts are before discussing investments. Recommended reading (Bitcoin White Paper) and Ethereum official documentation.
A Must-Read for Beginners: Buying Coins for the First Time? Avoid These 5 Pitfalls!
Read this and save at least 10,000 in tuition fees|A Must-Have for Newbies
The most common pitfalls for new coin buyers, I've helped you avoid them all! After reading this, you can save at least 10,000 in tuition fees👇
1️⃣ Don't be greedy and use small exchanges 👉 Many shady exchanges will run “cake fan commission” activities to attract new investors, and when it comes time to withdraw, they just shut down! ✅ Suggestion: Only choose top platforms like Binance, OKX, Gate, safety first.
2️⃣ Beware of the “copy trading teacher” scam ⚠️ Those “experts” who show profit screenshots to pull you into groups, 99% are making money off your fees or scamming your capital! ✅ Correct approach: Learn the basics yourself, don't believe in “guaranteed profits” schemes, the market has no philanthropists.
3️⃣ Altcoins = 99% go to zero 💸 Newbies love to buy low-priced junk coins, and end up with them dropping to 0.0001 and can't sell them! ✅ Advice: Only buy BTC/ETH at first, wait until you understand the game before considering others.
4️⃣ Never go all-in on leverage 🔥 I've seen too many people open 100x contracts, and 5 minutes later they're crying in the bathroom after liquidation! ✅ Suggestion: Only use spot trading in the first year, once you've made money, try 10% on contracts.
5️⃣ Withdraw card frozen? Here’s how to prevent it! ❌ Selling U directly with a bank card may trigger risk controls! ✅ Correct process: Exchange → Compliant OTC merchants → Withdraw in 3 small amounts (each <50,000).
✨ Three Steps for Newbies to Buy Coins Safely: 1️⃣ Register with a major exchange (use my link to save 20% on fees👉 homepage) 2️⃣ Buy U with fiat → Exchange for BTC/ETH 3️⃣ Transfer to cold wallet (recommended Ledger) 💬 Interaction: Did you lose money the first time you bought coins? Vent about it in the comments! #新手必看 #小白必知
Crypto market sentiment returns to neutral: Panic and greed intertwine. On September 3, the core indicator of cryptocurrency market sentiment—the Fear and Greed Index—reported a value of 56, rated as "neutral." This value has rebounded from the previous day's 47, but still remains in the neutral range, accurately reflecting the complex mindset underlying the current market tug-of-war between bulls and bears. The Fear and Greed Index ranges from 0 to 100, where 0 represents "extreme fear" and 100 represents "extreme greed." The current value of 56 means that the market is neither experiencing excessive pessimistic selling sentiment nor blind optimistic enthusiasm for chasing highs; the forces of bulls and bears are temporarily in a state of balance. From market dynamics, the emergence of neutral sentiment is not coincidental, but the result of the intertwining factors of panic and greed: - Panic sentiment triggers: Mainstream coins such as Bitcoin and Ethereum have retreated from recent highs, with Bitcoin pulling back about 12.8% from its peak and Ethereum breaking key support levels; market fluctuations have triggered a large number of leveraged position liquidations, exacerbating market unease; yields on government bonds in many countries have soared, and macroeconomic uncertainty has suppressed overall risk appetite. - Greed sentiment support: Institutional investors have not halted their pace in allocating to cryptocurrencies, with Morgan Stanley, BitMine, SharpLink, and others continuously increasing their holdings of Bitcoin and Ethereum; U.S. regulators have released positive signals, with the SEC and CFTC jointly announcing to clear obstacles for compliant spot cryptocurrency trading; search volume for Memecoins on Google has rebounded, and retail investor interest is gradually warming, with most investors viewing the current pullback as a healthy adjustment within a bull market. The neutral Fear and Greed Index essentially signals that the market has entered a consolidation and directional decision-making phase. It clearly presents the dual narrative of the current market: the coexistence of macro-level uncertainty and positive progress at the micro-level within the industry. Short-term traders may feel anxious due to price fluctuations and liquidation risks, while long-term value investors are more inclined to view this stage as a window for strategic accumulation. #加密市场回调 #新手必看
A tough person in the crypto world recounts: rolling from 1000 to 100,000 with a wild strategy that 99% of people dare not try!
Let me share a shocking truth: I've seen someone use 100x leverage to roll from 5000 to 990000, and I've also seen them go bankrupt to zero in the next second... this stuff is more thrilling than bungee jumping—either you make a comeback and become a big shot, or you lose everything and end up eating dirt. As someone who went from being poor to surviving on bread to rolling out 100,000 in capital, today I'm peeling back the 'rolling warehouse' to show you its secrets, are you brave enough to look?
🔪 My rolling warehouse wild strategy: turning 1000 into 100,000 in 3 months with devilish details ▪️ Starting capital: only risking half of my meal money At the beginning, I had 1000 in my pocket, I gritted my teeth and took 500 (70 USD) to test the waters, opening contracts of 10 USD with 100x leverage each time (yes, that's 10 bucks!). If I made 1%, I would double the profit, for example, if I made 1 dollar from 10 bucks, then I'd invest 20 bucks next time, take half of the profit in cash to buy instant noodles, and keep rolling the rest.
What are the three trends in the future of the cryptocurrency market?
Possible trends in the future
1️⃣ The bull market pullback ends, and the market continues to rise (very low probability🚫) Currently, market sentiment has peaked, and unless there is a new influx of capital (such as central banks injecting a large amount of liquidity, or a surge in BTC demand), a new bull market is unlikely to start immediately. The approval of an ETH ETF may be a potential catalyst, but the current funding environment still does not support a large-scale upward movement.
2️⃣ The market hits 100,000 USD, forming a double top (lower probability⚠️) In the short term, BTC may attempt to reach a new high, but if there is not enough capital support, it is likely to form a false breakout, leading to a decline after enticing buying. The core logic of a tail event is "sentiment harvesting"; since the market has already completed most of the harvesting, the probability of giving everyone another perfect opportunity to exit at the peak is very low.
3️⃣ A bear market begins, and the market enters a long pullback (highest probability✅) The current market is very similar to the stages after the bull market peaks in 2018 and 2021, where institutional capital has mostly cashed out, and the market is left with only scattered retail funds, making it difficult to form new driving forces. After sentiment fades, the market will gradually return to value logic, high bubble assets will continue to pull back, and undervalued assets may gradually stabilize, but a significant market movement is unlikely in the short term. #加密市场回调 #币圈
What you must know: Cryptocurrency Terminology Teaching Edition
All terms related to meme
DEV: Represents the token creator
RUG: Represents DEV selling their own holdings or the token going to zero or being bad
Burning: Represents destroying the token and it cannot be recovered
Token transfer: Represents transferring tokens to others, such as celebrities
CA: Refers to the contract address
Bundling: Represents automatic buying at a relatively low price compared to DEV
PVP: A trading behavior where you buy when the market cap is very low and quickly sell for profit, with retail investors competing against each other (we are the small players)
Mouse warehouse: Refers to an address that has no buying or trading behavior, purely token transfers
Chain sweeping: Continuously looking for newly issued tokens to find buying opportunities
Smart money: Players with high win rates and high returns who discover angles earlier
Conspiracy group: Represents a professional token issuance team or those with a large number of mouse warehouses and bundling
CTO: Represents when DEV sells the token and the community takes over and continues the development (token holders)
Pixiu: Refers to a token that can only be bought and not sold, causing the token price to rise continuously, attracting more retail investors
Internal market: Refers to before the token is launched
External market: Refers to those internal markets that have been successfully filled and launched, and the pool has migrated to DEX (Decentralized Exchange) for trading
FOMO: Refers to traders acting irrationally in a high-emotion chase for prices
FUD: Represents negative views on a certain token, constantly complaining or belittling
Diamond hands: Refers to holding firmly for a long time without selling a certain token
Paper hands: Represents selling quickly, often missing out on gains
Whale: Refers to traders holding a large amount of capital
Clutch: Automated trading bots that purchase in advance (which can lead to higher execution prices), and after your trade is executed, they quickly sell, which may result in you being able to buy 100 tokens initially but ending up with only 80 or even less
Alpha: Represents those who discover CA early and have a very high win rate #币圈 #新手小白
6 Strategies for 100x Returns in the Cryptocurrency Circle
Many people have made money in the cryptocurrency circle, but few talk about how to maximize profits. If your goal is not just a 2x return, but rather a 50-100x return, then please take these 6 strategies seriously. If you manage to buy Bitcoin and Ethereum at a low price, you can earn 2-10 times your investment in a bull market. That's great, but if you don't have much capital, this level of return is still far from enough. What good is a 2x return starting from $1000? You can't live off it. Here, I will share real ways to make money. Here are the most profitable areas that I suggest you research in depth and choose one as your main focus:
Latest news: World Liberty has blacklisted Justin Sun (孙宇晨) and locked 540 million unlocked tokens and 2.4 billion locked tokens, stating that they believe an exchange has been using user tokens for dumping and suppressing prices. Today, he also came out to refute rumors, but was blacklisted in the evening. Truly a master of manipulation, it seems the previous rumors were true: “He spent heavily to buy TRUMP coins to attend Trump's banquet, and before the banquet ended, he ran to the restroom to sell the coins.” Let’s review the details of this harvesting: Brother Sun's high-end hedging operations can only be done in conjunction with his own exchange; the public address has not changed, but the actual profits have already been secured. Step 1: First, he tweets to tell everyone that he will not sell, stabilizing market sentiment, urging everyone not to panic. Step 2: HTX launches a WLFI annualized 20% deposit activity to attract a large number of retail investors to deposit their coins into HTX. Step 3: Sun dumps all the user deposits through multiple addresses to Binance to sell off, which is why Sun has been continuously dumping, and the market has not noticed; it’s too hard to monitor. Step 4: Users' coins deposited in HTX need to be redeemed, and Sun will transfer the coins from his own wallet to HTX for redemption for users. Summary: Although Sun's wallet does not directly participate in the dumping, the selling has never stopped; all the money has been secured, and the coins are returned to everyone as a memento. @孙宇晨(去过太空版) Brother Sun, please come explain whether this was a premeditated act or if you are once again using the rules to your advantage? #币圈 $WLFI
The Federal Reserve is about to cut interest rates; will the cryptocurrency market be affected?
⚠️ The American Federal Reserve is likely to cut interest rates. Reuters asked 110 experts, and over 60% believe the Federal Reserve will take action in September, with another possible cut this year due to concerns about issues in the U.S. economy.
🌏 Federal Reserve officials have also softened their stance. San Francisco Fed President Mary Daly just said that the job market has softened, the economy is slowing (but not too much), and inflation is still high. Two interest rate cuts this year seem reasonable. She means that we shouldn't just wait for inflation to come down while ignoring the job market.
✅ New York State wants to collect "cryptocurrency tax." A legislator proposed that buying and selling cryptocurrency in New York should incur a 0.2% tax. If this goes through, the state government could rake in an additional $158 million a year. However, it has just been proposed and is still in the early stages.
💰 Institutions are optimistic about the second half of the year in the cryptocurrency market. The institution QCP stated that the market survived the first half and even rebounded (Ethereum rose 44%). There are several positive factors for the second half: clearer regulations, giants like Amazon/Walmart possibly using stablecoins, and the Federal Reserve cutting interest rates. These could make DeFi tokens, other public chain tokens, and Real World Assets (RWA) more appealing.
⭐️ The cryptocurrency market just experienced a wave of liquidations; in the past 24 hours, the entire network saw $291 million in liquidations, mainly from those who were bullish (long positions saw $221 million liquidated), and shorts also faced over $70 million in liquidations. Do you think there is a correlation?
In simple terms, the wind of interest rate cuts is picking up (possibly for the first time in September), and institutions in the cryptocurrency market see it as a positive factor, especially in the RWA direction, but New York wants to collect taxes, and market volatility is significant. #美联储降息预期