纸上谈饼

The Large Cryptocurrency Summit Will Spark Heated Discussions at the White House

On March 7, an important cryptocurrency summit will be held at the White House, attracting key figures from the industry. The summit will invite the CEOs of major exchanges and influential participants who shape the cryptocurrency ecosystem. While some attendees have already confirmed their participation, the attendance of others has yet to be verified. The content of the summit and its potential impact on the market has generated great anticipation. Key Participants Confirmed to Attend The guests confirmed to attend the White House summit include some of the most well-known leaders in the field. Coinbase CEO Brian Armstrong, Robinhood CEO Vlad Tenev, Kraken CEO Arjun Sethi, and Crypto.com CEO Kris Marszalek will all be present. Additionally, Bitcoin Magazine CEO David Bailey and Exodus CEO JP Richardson will also attend the summit. The White House March 7 Cryptocurrency Summit Not only will there be executives from exchanges attending the meeting, but also investors and strategists from the industry. Notable attendees include Strategy (formerly MicroStrategy) founder Michael Saylor, Multicoin Capital managing partner Kyle Samani, and Paradigm co-founder Matt Huang. Chainlink co-founder Sergey Nazarov and World Liberty Financial co-founder Zach Witkoff will also participate in the meeting. Important Absentees Yet to Confirm Attendance The summit has invited several heavyweight figures, but it remains uncertain whether they will attend. Ethereum co-founder Vitalik Buterin and Cardano founder Charles Hoskinson are well-known figures in this category. Additionally, Tether CEO Paolo Ardoino and Circle CEO Jeremy Allaire also fall into this category. Furthermore, it remains uncertain whether Solana founder Anatoly Yakovenko and notable investor Marc Andreessen will participate. ARK Invest founder Cathie Wood has also been invited to attend, but there is currently no clear information regarding her attendance. The attendance of these individuals is expected to be announced in the coming hours.
#白宫首届加密货币峰会

Citigroup's $81 Trillion Blunder: A Glimpse into Operational Challenges

In April of last year, Citigroup accidentally deposited a staggering $81 trillion into a client's account instead of the intended $280, which was shocking. This enormous mistake was initially overlooked by two employees until a third employee discovered it 90 minutes later. The transaction was reversed hours after execution and classified as a 'close call,' a term used to refer to banking errors where the wrong amount was processed but successfully recovered.
This incident highlights the ongoing operational challenges faced by Citigroup, including a series of similar mistakes. According to internal reports, the bank experienced 10 'close calls' involving transactions of $1 billion or more in 2023, down from 13 in the previous year. This trend underscores the bank's efforts to improve compliance and risk management, especially in the wake of substantial regulatory fines.
Citigroup has disclosed this matter to the Federal Reserve and the Office of the Comptroller of the Currency. The bank emphasized that its 'detection controls' quickly identified the input error and reversed it, ensuring no funds flowed out of the bank. Although there was no financial impact, the incident raised concerns about Citigroup's operational controls and regulatory oversight.
To address these challenges, Citigroup is heavily investing in compliance and technology to strengthen data management and regulatory reporting. The bank's Chief Financial Officer, Mark Mason, acknowledged the need for further investment in these areas to prevent similar errors in the future. This strategic initiative aims to enhance Citigroup's internal processes and address long-standing operational issues that have been under scrutiny by regulators.
#美国加征关税

President Trump Announces the Establishment of a Strategic Crypto Reserve Including XRP, SOL, and ADA

After weeks of long waiting, U.S. President Donald Trump has finally decided to give the cryptocurrency industry what it has been longing for: a strategic crypto reserve.
This strategic crypto reserve will include community-favorite tokens, which is different from his first attempt at a 'digital asset reserve,' where only stablecoins were vaguely mentioned.
Trump posted today on Truth Social, stating: 'After years of corrupt attacks from the Biden administration, the U.S. cryptocurrency reserve will elevate the status of this key industry, which is why my executive order on digital assets directs the presidential task force to advance a strategic cryptocurrency reserve that includes XRP, SOL, and ADA. I will ensure that the U.S. becomes the world's cryptocurrency capital. We are making America great again!'
According to CoinGecko data, Solana, ADA, and XRP have all reacted, rising by 15%, 30%, and 20%, respectively.
#XRP、SOL、ADA纳入美国战略储备？

Today's Pi Coin Price Prediction: What’s Next After a 22% Crash?

Pi Network has recently attracted a lot of attention in the crypto world, raising a question for those who are following it: Is now the time to buy Pi Coin? More and more people are speculating that the price is about to change, with many experts believing that Pi Coin is set to surge significantly.
However, following a significant price increase, Pi has experienced a sharp decline. The current price is $1.79, down 40% from a peak of $2.90, and has dropped more than 22% in the past 24 hours. Despite the substantial price drop, there is still speculation about future developments, such as the upcoming mainnet, KYC unlock, and potential listings on exchanges like Binance or Coinbase. If Pi can recover to $2.20, there is a possibility of a rebound above $2.80, but falling below $1.50 could lead to further declines.
Whale Accumulation: A Strong Indicator
Whale accumulation is a key factor indicating that the price of Pi Coin may soon break through. Recent on-chain data shows that large holders (whales) are quietly accumulating Pi Coin in large quantities. When whales buy assets, it usually indicates their confidence in future prices. Historically, this accumulation precedes price surges, as these investors are preparing to sell at higher prices in the future.
Whale activity also helps boost market sentiment. When large investors show confidence in Pi Coin, it can create a sense of FOMO (fear of missing out) among retail investors, further driving up the price.
Bitcoin's Influence on the Market
Bitcoin's price movements often set the tone for the entire cryptocurrency market. If Bitcoin shows strength, it can also pull up altcoins like Pi Coin. With Bitcoin currently exhibiting positive momentum, Pi Coin is very likely to follow suit. The combination of Bitcoin's strength and Pi's evolving ecosystem creates perfect conditions for a price surge.
#白宫首届加密货币峰会

The allure of the system established in Shandong has been significant throughout history! That Shandong person from the Northern Song Dynasty, in order to secure a position, actually let down 107 friends. This is comparable to how, in the face of the 'temptation' of the system, friendships must take a backseat. It seems that the value of the system in Shandong is indeed very high! #美国加征关税

The White House Promotes New Cryptocurrency Policies

-- The White House will host the first cryptocurrency summit on March 7, aiming to bring together key leaders in the industry, marking a significant initiative. This summit is seen as a pivotal moment in shaping U.S. digital currency policy, especially considering the potential involvement of President Donald Trump, which may influence future policy directions. David Sacks, an official in the White House's AI and Cryptocurrency division, plans to moderate the summit, with working group manager Bo Hines assisting in the moderation.
What are the goals of the upcoming summit?
-- The Trump administration is committed to strengthening the cryptocurrency landscape through favorable regulations. Previous restrictions have adversely affected many businesses and individuals in the industry. By organizing this summit, the White House seeks to establish a legal framework that promotes transparency and predictability in the cryptocurrency ecosystem.
White House Cryptocurrency Summit
-- The U.S. government aims to embrace innovation by creating an environment conducive to the cryptocurrency market. Under Trump's leadership, the U.S. has taken a more favorable stance toward digital currencies, allowing both investors and businesses to approach the market with renewed optimism.
How will Trump influence cryptocurrency policy?
-- Trump claims to be "the first president to support cryptocurrency in America." Shortly after taking office, he expressed his commitment through Executive Order 14178, developing policies to responsibly promote cryptocurrency across various economic sectors.
– The White House is taking steps to develop a legal framework that is more favorable to cryptocurrency.
– This summit is a strategic initiative to enhance market transparency.
– Trump aims to increase financial freedom by incorporating cryptocurrency into the economic plan.

The hosting of this summit is not only an important milestone, but also clearly indicates the U.S. government's intention to position cryptocurrency at the core of its financial strategy, pointing the way for the future development of the digital currency sector.
#白宫首届加密货币峰会

In the first round of the $4.4 million MEME liquidity support program weekly competition rewards, we are pleasantly surprised to see SIREN rank in Tier 2! This means it can receive $400,000 in liquidity support. We believe that with this assistance, SIREN will unleash greater energy in the market, attract more attention, and bring more value to holders. Let's look forward to its wonderful performance together!
#siren

Something happened to the female director in Guizhou! It was Director Jing who was in charge of big data. Can you guess how high-tech her corruption methods were? A pile of black hard drives were found in the office. The technicians operated them and found out that the Bitcoin password was hidden inside! Netizens say that corrupt officials now have to pass the second-level computer exam, right? This lady is really good at making things happen! She shouted the slogan of "Digital Guizhou" but secretly treated government projects as her own ATM.

What's the point of using encrypted watermarks on bidding documents? Isn't this the same as the ancient secret letters? A former colleague revealed that she could fool blockchain into a "food chain" and kept talking about "chain security" in meetings, but ended up setting up a corruption industry chain. The most damaging thing is her son-in-law's pile of shell companies! The three big data platforms in the province were overspent by 20 small targets, all of which were fed to her relatives.

What's even more outrageous is that she used the government computer room to mine. When she was caught, there were still 327 bitcoins in the mining pool, which is now worth more than 200 million! Netizens complained: "Guizhou big data didn't take off, but the director's family became a mine owner!" (Eating melon seeds) If you ask me, this lady is really talented. She has even created a metaverse version of corruption.

In the past, corrupt officials had to buy villas to hide cash, but now they directly deposit virtual currency, and those who check the accounts have to bring IT teams. It's a pity for those who really engage in technology. Not only do they take the blame, but the reputation of Guizhou big data has also suffered...

#贪婪 #比特币价格走势分析

Legal Experts Question the SEC's Approach to Cryptocurrency Regulation

Regulating Cryptocurrency Activities
Legal experts have critically assessed the decisions made during the tenure of former SEC Chairman Gary Gensler, arguing that a significant portion of cryptocurrency trading should be exempt from regulatory oversight. They warn that existing regulations have had a negative impact on cryptocurrency developers and trading platforms.
JW Verrett stated, "For the past four years, the SEC has distorted the law against cryptocurrency developers and platforms. This situation must change, and the future regulatory environment should allow for flexibility and collaboration."
Suggestions on the Howey Test
Participants emphasized the need to reevaluate how the SEC applies the 80-year-old Howey Test to the cryptocurrency space. They pointed out that the criteria of the test (investment, joint venture, expectation of profits, and reliance on the efforts of others) often fall short, especially in areas like staking and airdrops.
The Blockchain Association stated, "New interpretations may narrow the existing definitions and applications, thereby negatively impacting the crypto industry."
Reports indicate that the SEC's cryptocurrency working group aims to develop comprehensive regulations for crypto tokens, and this group is taking steps based on feedback from industry representatives. Under Hester Peirce's leadership, the SEC is seeking written proposals from industry professionals.
Additionally, there are initiatives to pause the Coinbase case, end the investigation into the NFT platform OpenSea, grant Binance a 60-day pause, and conclude the investigation into Uniswap. These developments are seen as indicators of a shift in regulatory approach.
Market participants are closely monitoring the situation, especially as the nomination of the SEC Chairman is expected to take some time, and upcoming regulations may take months to clarify.

#比特币价格走势分析
#美联储降息预期

This is really interesting! Let me tell you, brothers, last night I was staring at the data, confused for half a day. Let's break this down:
First of all, this 900 million net outflow is a single-day figure, right? But you need to keep in mind that the Bitcoin market is a 24-hour machine, while ETFs follow the U.S. stock market. To put it simply, during the day, Asian traders might drive the price down, and at night, while the U.S. ETFs have run off with 900 million, the price has probably already dropped significantly. It's like a typhoon warning; by the time the alarm goes off, the rain has already stopped.
Also, there are ridiculous amounts of hedging strategies in the market now. When those institutions run from ETFs, they might have already locked in prices using futures. You see, on the books, they have sold 900 million, but in reality, they might not have even touched the spot market and directly hedged in the derivatives market. It's like using hacks in a game; it looks like their health bar hasn't moved, but they've already taken drugs in the background.
There's an even crazier operation—some big players are just waiting to buy into this panic! Last night, I checked the on-chain data, and several giant whale addresses were frantically picking up chips around 60,000. These guys can't wait for the ETF to dump more so they can buy at a lower price. It's like elderly women at a market fighting for discounted vegetables; as soon as you throw some out, they're already prepared with their bags.
Finally, here's a hard truth: the Bitcoin market is not what it used to be. The daily spot trading volume casually reaches hundreds of billions, so throwing in 900 million is just a drop in the bucket. It's like peeing in the Huangpu River; can you expect the water level to rise? (doge head for safety)
However, that said, this is indeed a historically significant net outflow, and we must be cautious of subsequent cascading sell-offs. I suggest you raise your stop-loss line this week so you don't get hurt by stray bullets!

#比特币价格走势分析 #ETH走势分析 #币安Alpha上新

Those 'retail investors' are still shouting that the bull market is completely over, but the truly savvy funds have already clearly arranged their bottom-buying prices. On one side, the 'retail investors' are crying in despair, while on the other side, the smart people are quietly laying their plans. This back-and-forth, this ebb and flow, completes the redistribution of wealth. Ultimately, those who can make money are the ones with a long-term vision. Everyone must remember this iron law of the crypto circle: every K line on the K chart is like a stake driven into the bodies of the previous batch of losers. Those crying in front of the screen have lost money that has all gone into the pockets of the smart investors. Looking back at the past, this cyclical pattern every four years seems to keep repeating. In October 2020, market volatility suddenly surged to 22.8%, and soon after, Bitcoin went on a wild rally, rising by as much as 300%; in November 2023, volatility rose again to 24.1%, and Bitcoin experienced another surge of 160%, which is astonishing. Now, the market volatility is as low as it can get, which means a change in the market is imminent. Brothers, a new wealth frenzy is about to begin. Everyone stay calm, be patient, and hold onto the coins in hand, waiting to make money!

Today we are going to talk about the tricks that the banker is most afraid of you learning! This candlestick chart is like an electrocardiogram, and the rise and fall are all the secret signals of the banker! (Take out your mobile phone and swipe) Look at this hanging ghost line, the leeks tremble when they see it, but the veterans know that this is a signal to buy at the bottom! Let me tell you a true story: when the big cake fell to 20,000 last year, how many people were scared by this "stabilizing needle"? (Enlarge the candlestick chart) Just this hammer line with a long lower shadow, I directly went all in 50 at that time! Why? This thing is the same as the supermarket sale sign - (knock on the screen) The longer the lower shadow, the more fierce the banker's protection!

Let me teach you another secret code: morning cross star! These three candles together are like traffic lights - first limit down, then hesitate, and finally soar! When the aunt plummeted last month, I relied on this pattern to catch the doubling market! (Suddenly lowered his voice) But you have to be on guard against the dealer making fake lines, just like a scumbag swearing, it depends on the volume and energy!
Remember these life-saving tips:
1. Long upper shadow line = guillotine falling from the sky, run away when you see it
2. Three crows stand on the branch, you will lose your pants
3. Yang Baoyin pattern appears, don’t be sleepy to place orders overnight
4. When breaking through the neckline and increasing volume, you have to rush in to borrow money (take out a cigarette box to draw a picture) Look at this head and shoulders bottom, the left side is the left shoulder, the middle is the head, and the right side comes another shoulder, like a fitness coach’s inverted triangle - this pattern comes out, eight out of ten times it can take off!
Last year, I earned a G-Class on Dogecoin by relying on this!
Finally, I want to say something from the bottom of my heart: Don’t do those 20 fancy patterns, sticking to three or five classic models is better than anything else!
Just like chasing a girl, practicing the "playing hard to get" trick to perfection is better than learning a hundred pick-up lines! (Flicking cigarette ash) Next time I will teach you how to read the volume and K-line to catch the skyrocketing coins. If you want to learn, please deduct 1 in the comment area!
#以太坊回滚争议 #加密市场回调

Eleanor Trett, a reporter for Fox Business, reports that the U.S. Securities and Exchange Commission, the SEC, is now keeping an eye on cryptocurrency staking! According to insider information, the SEC has asked people in the cryptocurrency industry to submit a memorandum detailing the different types of staking and the benefits it can bring.

Everyone guesses that the SEC will soon release official guidance on staking. You see, this matter is currently receiving significant attention from regulatory agencies.

I just want to ask you, what do you think about this? Do you believe that the release of this new guideline will make the situation regarding cryptocurrency staking clearer, or will it complicate things further and introduce more uncertainties?

#以太坊回滚争议 #山寨季來了？ #bybit被盗