Binance has banned a market maker and confiscated its earnings after an investigation indicated that the entity had engaged in improper conduct. The world’s top cryptocurrency exchange did not disclose the identity of the market maker, but pointed out that it was a liquidity provider for the decentralized security layer GoPlus Security (GPS) and the AI consumer project MyShell (SHELL). Binance delisted the market maker and confiscated its earnings, "with the aim of compensating users of GPS and SHELL." The native token of GoPlus Security, GPS, plummeted last week after being listed on Binance. The asset has dropped more than 71% in the past 7 days. GoPlus Security has denied rumors that "GoPlus team members or community moderators" leaked information about the Binance listing. "GoPlus immediately launched an internal investigation. The findings showed that this was not the case. The GoPlus team was not informed in advance that GPS would be listed on March 4. Everything happened very quickly, and our team only learned about the listing when it was publicly announced; afterwards, we immediately collaborated with Binance to facilitate any additional requests on our side. MyShell stated that it has terminated its relationship with the newly banned market maker. "All Binance accounts related to the market maker have been suspended, and all remaining assets will be transferred to our new market maker. Additionally, all stablecoins sold by the market maker will be fully used to repurchase SHELL within 90 days. To ensure complete transparency, we will publish the wallet addresses related to the repurchase for community verification. Furthermore, we are working closely with Binance to make this process public and transparent. MyShell's token SHELL has declined by more than 28% in the past week. #币安Alpha上新
XRP, ADA, and SOL fell more than Bitcoin because the White House Crypto Summit failed to wow traders
Originally, everyone thought that Trump was going to make a big move (such as announcing that the United States would treat Bitcoin and XRP as national strategic reserves), but the summit only came up with "stable currency regulations before August" and "relaxation of supervision", and the market was directly cold. The altcoins collectively fell on the street, XRP fell 20% in three days, ADA and SOL also fell, and although Bitcoin also fell, it was still quite resilient
Trump boasted on social media a few days ago that he would hoard 5 coins (BTC, ETH, XRP, SOL, ADA), causing the coin price to soar. As a result, his crypto consultant immediately changed his words at the summit: "The boss is just giving an example, don't take it seriously!" The market mentality collapsed, and the altcoins were directly smashed. Bitcoin picked up a bargain Trump said something human: "The government used to sell confiscated Bitcoin, which was really smart. We won't sell it in the future!" He also hinted that he would set a rule to "hoard Bitcoin." Although there is no actual action, the status of Bitcoin as "digital gold" has been indirectly stamped by the official, and the decline is much smaller than that of altcoins. It may lead the pace in the long run Experts believe that if the United States really regards Bitcoin as a reserve asset, it is equivalent to forcing other countries to follow suit, which may trigger the acceleration of global institutions to enter the market. However, it is all empty talk now, and it depends on whether the stablecoin bill in August can be implemented. Summary: The operation is as fierce as a tiger, but the output is stuck in the same place. The altcoins are expected to be ruined, and Bitcoin is barely stable with the "national team" personality, but the big moves that the leeks are waiting for have all become duds, and they can only continue to endure...
1. The 'Wealth Creation Myth' of Cryptocurrency: The Illusion of Opportunity for Ordinary People
1. The 'Wealth Creation Myth' of Cryptocurrency: The Illusion of Opportunity for Ordinary People Low Entry Barriers and High Volatility The cryptocurrency market operates 24/7, with no geographical restrictions and low entry barriers (as low as a few dozen yuan), seemingly providing ordinary people with a shortcut to 'crossing classes.' Cases like Liangxi and Shiba Inu (SHIB) with tenfold gains reinforce the fantasy of 'one coin turning lives around.' The Rift Between the Ideal of Decentralization and Reality Although blockchain touts 'decentralization,' the market is still controlled by whales, institutions, and exchanges. For instance, a single day's buying and selling by a DOGE whale can trigger drastic price fluctuations, leaving retail investors often as 'bag holders' with delayed information.
At 21:30 Beijing time on Friday, investors will welcome the U.S. non-farm payroll report for February. If the non-farm employment data released on Friday shows a significant negative surprise, of 100,000 or lower, it could put heavy pressure on the dollar and open the door for a bullish trend in the cryptocurrency market before the weekend. On the other hand, if the non-farm employment data reaches or exceeds 180,000, the dollar may remain resilient against its competitors.
At 01:30 Beijing time on Saturday, Federal Reserve Chairman Jerome Powell will speak before the lunch session of the 2025 U.S. Monetary Policy Forum at the University of Chicago Booth School of Business. Powell indicated during the February congressional hearing that the Fed does not need to rush to adjust interest rates, further suggesting that officials will remain patient on the issue of rate cuts. If the U.S. non-farm employment data for February falls short of expectations, the dollar, which has recently been under pressure, may further decline, thereby stimulating an increase in cryptocurrency prices. #非农就业数据来袭
If the employment data collapses sharply, Powell may urgently release dovish signals, and the market will experience a deep V-shaped roller coaster. The stock index could plummet 4% instantly, breaking key support, and then rebound under the expectation of policy support. However, historical experience shows that the prosperity after this 'shot in the arm' often signals a chronic adjustment of slow declines in the following week.
2. Stable Data, Dovish Tone (Probability 35%)
If the non-farm data meets expectations, combined with a warm policy breeze, tech stocks may see a retaliatory rebound. The Nasdaq is expected to recover 500 points of lost ground. However, one must be wary of the 'expected bottom support' trap - once the market prices in interest rate cut expectations, any slight movement could trigger a second collapse.
If non-farm data snowballs, and Powell unexpectedly strikes hawkish, the capital market will face a 'Black Friday' of blood and turmoil. The stock index could plummet 7%, triggering a chain of programmed trading blowouts. After the steep decline, there may be a technical recovery, but referencing the bear market cycle of 2023, subsequent adjustments could last up to a hundred days.
Non-farm data remains calm, but Powell insists on striking the market, with bulls and bears fiercely battling within a narrow range. There may be a 'rise then fall' strangling market within the day, but the real danger lies in the change after consolidation - like the calm before the storm, where funds quietly flow to reposition. Retail investors, like startled birds, could see any fluctuation become the final blow to their confidence.
How is it going, brothers? Yesterday's empty eating was enjoyable, right? Without further ado, based on the current trend and fluctuations, the dog stock will let you eat a wave first. In the short term, looking at the rise, the big cake is around 89000, target around 90000, the second cake is around 2200, target around 2250. #btc #eth
Good news, all the profits were made. Today, all the orders were not to open positions. This stock splitter is really a master🚀🚀🚀#XRP #BTC #TPUMP #AAVEUSDT.P
Solana co-founder denies promoting SOL as a digital asset reserve for Trump, did Ripple promote it?
Donald Trump issued an executive order to establish a Bitcoin strategic reserve and a digital asset reserve including XRP, SOL, ADA, ETH, among others. Solana co-founder Anatoly Yakovenko expressed concerns that government involvement could lead to the failure of decentralization, suggesting that individual states manage their own reserves to mitigate potential federal government errors, and also believes reserves should have objective standards. There are rumors that Ripple might have reasoned that including XRP in the reserves would be more reasonable by adding SOL as part of the national reserves, to which Yakovenko responded to clarify his position. When asked whether Solana representatives proposed including SOL in the reserves and whether Ripple was pushing for XRP, he humorously stated that there is no Solana representative, no one has asked him, and he has not suggested this. As for whether Ripple is promoting XRP, the original text did not provide a clear statement. #sol
Recently, the Dogecoin (DOGE) market has been quite active: Whales have started buying up, purchasing 150 million DOGE all at once, worth approximately 43 million USD. At this time, the DOGE price is fluctuating around the key support level of 0.185 USD, which means it has temporarily stopped falling at this level. The whales seem to be bottom-fishing, possibly thinking, "It has dropped enough; time to stock up." Price Drops but Trading Volume Rises DOGE is now at 0.19 USD, down 8% in the last 24 hours, but trading volume has actually increased by 50%. This indicates that some people are selling quickly out of fear of further drops, while another group feels that the price is low and starts buying, showing a significant market divergence. Technical Analysis: Key Levels in the Short Term Support Level 0.185 USD: If it falls below this, it may continue to decline; Resistance Level 0.21 USD: If it can push above this and hold, it may rise by 20% to 0.25 USD in the short term. However, the current RSI (Relative Strength Index) is only 35, indicating that the market lacks momentum and may still need to stagnate in the short term. Massive Outflows from Exchanges In the last 48 hours, 43 million USD worth of DOGE has been withdrawn from exchanges. Combined with the ongoing outflows since February, this suggests that large holders and long-term players may believe that "the price is right; let's hold and wait for it to rise," which reduces selling pressure and is good for the price. Summary: In the short term, DOGE may continue to fluctuate with the overall market, or even drop further (after all, the RSI is too weak). However, if large holders continue to accumulate coins and market sentiment improves, there may still be opportunities for a rebound. Nevertheless, the cryptocurrency market is highly volatile, especially meme coins are more exciting, so don't just pay attention to whale actions; assess your own risks!
I calculated that this time Liu Qiangdong lost 10k, Jack Ma lost 25k, Wang Xing lost 30k, Zhou Hongyi should have lost 100k, iQIYI lost 18k, Meituan lost 30k, Li Yanhong lost 80k, Xiaoying Kuai Dai lost 8k, 58 Kuai Jie lost 18k, Bank of China Financial lost 30k
Why should I pay back what I got from credit reporting, and who else can lose?
Talk about the legendary figure in the cryptocurrency world, Liang Xi
His original name was Geng Zhiyu, born in 2002 in Jinan, Shandong. He grew up in a family lacking love, with a rebellious personality and an internet addiction that led him to be sent to internet addiction rehabilitation schools and mental hospitals, resulting in a tendency towards schizophrenia. However, he excelled in gaming and became a professional player in "Honor of Kings," earning 200,000 by playing alongside others and donating some of it, gaining a bit of popularity. On May 19, 2021, Bitcoin plummeted by over 30%. At 19 years old, Liang Xi used a principal of 1,000 yuan and leveraged it 60 times to short the market, earning 10 million in a single day, with his assets peaking at 30 to 40 million within a month, becoming known as the "Contract War God" and the "Young Buffett." His trading frequency was extremely high, averaging 8.65 times per hour, consistently using high leverage and being particularly aggressive, which aligned well with the speculative frenzy in the crypto market at the time. He also shared various trading experiences, donations, and interacted with fans on Weibo, even engaging in disputes and reporting against KOLs in the crypto space, quickly amassing hundreds of thousands of followers. However, by the second half of 2021, the Bitcoin market changed, and he made multiple erroneous judgments leading to liquidation, accumulating debts of several million. He resorted to borrowing, receiving commissions, and even "selling original-flavor shoes" to repay his debts, yet his liabilities continued to grow, leading to a fallout with his father. He even live-streamed suicide attempts multiple times, claiming to be moving cement at construction sites, and sold his Weibo account, transitioning from a financial blogger to an entertainment topic figure. In 2024, he was sentenced to two years in prison for suspected fraud, although some claim he pretended to be imprisoned to evade debts. Liang Xi's story reflects the extreme nature of the cryptocurrency world. High leverage and frequent trading can lead to short-term wealth, but without risk control and long-term planning, it inevitably ends in collapse. Some see his situation as "resisting capital," but it is essentially a case of hype combined with his own psychological issues. This serves as a wake-up call for the crypto industry: stop promoting "getting rich overnight," and rational investment is the right path. His rise was due to talent, timing, and extreme personality, while his downfall was a result of market rules and his own flaws. This story is both legendary and a cautionary tale. #凉兮
Chen Hao is a food delivery rider. In the stairwell of a rented apartment in an urban village, the Meituan order app and the Binance app are refreshing simultaneously in the background, while a half-cold pancake is stuffed in his delivery uniform's pocket. This is his seventh month trading cryptocurrencies. During last year's Double Eleven shopping festival, he fell into a drainage ditch along with his bike in a heavy rain, causing his electric bike to be totaled and resulting in a loss of 2800 yuan. While lying in the emergency room, he came across news of Musk promoting Dogecoin, and on a whim, he invested his medical expenses—three days later, his account grew to 5800 yuan, faster than earning from delivering three hundred orders. "Haozi, why are you always staring at your phone lately?" Aunt Wang from the breakfast shop reminded him while handing him soy milk, "Last month, Xiao Liu got into an accident while looking at his phone and crashed into a Mercedes, and now he still owes 40,000 for repairs." He hid the USDT transfer records in his pocket. Over the past six months, he has figured out the patterns of the crypto world: during the lunch rush, Bitcoin often stays flat, while the early morning bubble tea orders are the best time to focus on contracts. Once, while delivering coffee to a financial company, he overheard a trader saying "RSI overbought," and that night he finished reading three technical analysis tutorials. The real turning point came in March. That day, after delivering thirty lunch boxes to a blockchain company, he caught a glimpse of a SOL ecosystem diagram drawn on the conference room whiteboard. That night, he converted all his ETH into DeFi meme coins on Solana, and three days later, his account first broke through 50,000 dollars. A 120% leverage made the stop-loss line feel like the sword of Damocles. Chen Hao didn’t explain that he had already learned to use Python to scrape on-chain smart money addresses—those whale accounts that continue transferring at three in the morning often signal trends even earlier than candlestick charts. On the night of June when the ETH spot ETF was approved, he was delivering a late-night snack to the Binance building. In the security room, six monitoring screens flickered green simultaneously, and he trembled all over while holding the steaming milk tea. When he rushed back to his rental apartment and closed all his short positions, his account balance finally broke the six-digit mark. Now he still runs orders every day, but his electric bike's storage box has a copy of "Cryptographic Assets and the Macroeconomic Cycle." Sometimes, in the reflection of the glass facade in the CBD, he remembers the smell of disinfectant in the emergency room that night—when the nurse said that if the wound were two centimeters deeper, it would have hit the tendon, just like how on the night he was liquidated, he was only 0.3% away from forced liquidation.
Trump signs executive order on national Bitcoin strategic reserves, so why did the market plummet instead?
Policy implementation but the coin price crashed This morning, Trump suddenly signed an executive order to establish a national Bitcoin strategic reserve. Such major news should typically lead to a surge, but Bitcoin plummeted from $90,000 to $85,000 in just one hour (it has since bounced back to $88,000). This is a classic case of 'good news fully priced in,' and some may have taken the opportunity to cut losses and flee. The Bitcoin in this national treasury all comes from 'seizing assets'—for instance, Bitcoin seized from cases related to black markets, money laundering, and so on. The official statement is that they won't sell off the stored coins, but they also won’t spend money to buy new coins, essentially building a reserve with 'free' coins, which indeed doesn't cost taxpayers any money. While in the long run, the government's hoarding of coins is seen as a positive, the short-term crash indicates two things: Either the major players are offloading their assets using the news Or the market feels that 'just hoarding without purchasing' means actual demand hasn't increased The rebound to $88,000 indicates that some are still betting on future policy dividends.
What else can we expect from the White House Crypto Summit?
The U.S. is planning a "Crypto Strategic Reserve" Just like the country stores oil, it now intends to accumulate Bitcoin, Ethereum, and other five major cryptocurrencies into the national treasury. There are reasons for choosing them: Bitcoin as digital gold to fight inflation, Ethereum for smart contracts, Solana for speed, Cardano for strong security, and Ripple for fast cross-border payments. Regulation is set to establish rules Major issuers of stablecoins (over $10 billion) may fall under the Federal Reserve's oversight, forming a dual regulatory system involving federal and state governments. The two financial regulatory agencies, SEC and CFTC, need to redefine their jurisdictions to avoid passing the buck. The Trump team wants to use stablecoins to continue consolidating the dominance of the U.S. dollar. Sugar policies for the crypto industry There may be a relaxation of the strict regulations from the Biden administration, and there could even be tax incentives: such as simplifying the tax reporting process for trades or even reducing taxes for those investing in cryptocurrencies, attracting more companies to develop in the U.S. #特朗普签署行政命令