光辉岁月

#空投发现指南

币安web3钱包 第13期ido 他又又又又来了
这期是$MILK，Alpha积分门槛将在29号公布
大家觉得是多少分呢？可以在评论区预测
最近币安的空投福利太多了，抓住这波机会
可以给我点点关注吗，马上到1k粉丝
⏰ 认购时间：2025年4月29日16:00-18:00（UTC+8）
📜 认购资格：Alpha 积分门槛将在4月29日认购时间前公布
🎁 额外20,000,000 个 $MILK 将用于未来的市场推广活动，具体细节将另行公布。

It has cooled down to trade in bg, obviously a den of snakes and rats, helping the exchange come out to scare people

The three major banking regulatory agencies of the U.S. government: FED (Federal Reserve), FDIC (Federal Deposit Insurance Corporation), OCC (Office of the Comptroller of the Currency) have fully lifted restrictions on banks engaging in virtual currency transactions.

FED (Federal Reserve):
On April 25, 2025, announced that state banks do not need to provide prior notice of existing or planned cryptocurrency activities, but rather monitor banks' cryptocurrency activities through normal regulatory procedures. The FED also announced the withdrawal of the following supervisory letters:
• Joint Statement on Crypto-Asset Risks to Banking Organizations
• Joint Statement on Liquidity Risks to Banking Organizations Resulting from Crypto-Asset Market Vulnerabilities
• SR 22-6 / CA 22-6: Engagement in Crypto-Asset-Related Activities by Federal Reserve-Supervised Banking Organizations
• SR 23-8 / CA 23-5: Supervisory Nonobjection Process for State Member Banks Seeking to Engage in Certain Activities Involving Dollar Tokens

FDIC (Federal Deposit Insurance Corporation):
On March 28, 2025, confirmed that banks regulated by the FDIC can engage in permissible activities, including activities involving emerging technologies such as cryptocurrency and digital assets, without prior FDIC approval, provided they can adequately manage associated risks including but not limited to market and liquidity risks, operational and cybersecurity risks, consumer protection requirements, and anti-money laundering requirements. The FDIC expects regulated institutions to conduct all activities in a safe and sound manner, comply with all applicable laws and regulations, and communicate with their regulatory teams as appropriate. The FDIC also announced the withdrawal of the following supervisory letters:
• Joint Statement on Crypto-Asset Risks to Banking Organizations
• Joint Statement on Liquidity Risks to Banking Organizations Resulting from Crypto-Asset Market Vulnerabilities
• FIL-16-2022

OCC (Office of the Comptroller of the Currency):
On March 7, 2025, announced that it will no longer require banks to provide notice, but will monitor banks' cryptocurrency activities through normal regulatory processes. These measures are intended to reduce burdens, encourage responsible innovation, and enhance transparency. The OCC will review activities including cryptocurrency custody services, deposits held as reserves for stablecoins, and the use of stablecoins and distributed ledger technology to facilitate payments as part of its ongoing regulatory process.

#特朗普税改

📌 Core Tax Reform Provisions Impact Chain:
• Corporate tax reduced to 15%: Companies like MicroStrategy may reduce their coin holding costs, potentially triggering a new wave of 'balance sheet BTC adoption'
• Capital gains tax capped at 25%: Compared to the current maximum of 37%, long-term holders are incentivized to cash out, but this may stimulate a short-term profit-taking surge
• Overseas profit repatriation tax-exempt: U.S. companies may transfer overseas funds through cryptocurrency channels (like USDT), leading to a restructuring of on-chain stablecoin liquidity
💼 Two-way Game in the Crypto Market:
✅ Positive Logic:
- Expectations of U.S. dollar depreciation are rising (historical data shows that for every 1% decrease in corporate tax, the dollar index drops by 0.8%), increasing demand for $BTC as a hedge
- Tax friction for institutions allocating to cryptocurrency is reduced, with BlackRock's spot ETF potentially seeing inflows exceeding $500 million in a single day

#XRPETF

】
• The world's first XRP spot ETF:
• On April 25, 2025, the Brazilian Stock Exchange (B3) officially launched the world's first ETF tracking XRP spot, with the code XRPH11, managed by asset management company Hashdex.
• Fund allocation and characteristics:
• XRPH11 tracks the NQXRP index, with at least 95% of its asset allocation in XRP and related assets.
• Management fees as low as 0.7%, with no structural additional fees, designed to attract institutional investors' attention.
• Brazil leads, the U.S. lags behind:
• Following the approval of the Solana spot ETF in 2023, Brazil once again takes the lead over the U.S. by launching the XRP spot ETF first.
• In contrast, the U.S. is still reviewing related applications for crypto asset ETFs, with a relatively slow regulatory process.
• Ripple lawsuit concluded:
• The four-year legal battle between Ripple and the U.S. SEC has ended, with both parties reaching a settlement. Ripple paid a fine of $50 million, and the remaining funds were returned.

#XRPETF

Hashdex has officially launched XRPH11 in Brazil, the world's first XRP spot ETF, tracking the Nasdaq XRP Reference Price Index, with 95% of assets allocated to XRP.
Meanwhile, CME Group just launched XRP futures earlier this week, bringing XRP deeper into the institutional market.
💬 What are your thoughts on the potential of XRP? Do you think XRP can eventually challenge Bitcoin and Ethereum? Share your thoughts!
👉 Use the $XRP tag to create a post or share your trader profile and insights to earn Binance points!

$ETH

The United States changes rapidly in a day, and we are evaluating the situation closely.
In the next three segments, there are three sentences that seem very interesting.
The first sentence: We notice that this is the second adjustment to the relevant policy since the U.S. side suspended the imposition of high "reciprocal tariffs" on some trading partners on April 10.
Please note: the second adjustment.
There was a second handshake before, and now there is a second adjustment.
It's a factual statement, but it always feels comically effective.
What was the first time?
On April 2, Trump announced tariffs on the whole world, repeatedly swearing that U.S. policy would absolutely not change, would never change.
And the result?
The U.S. stock market plummeted, the bond market was in turmoil, China responded firmly, and the whole world opposed it. Just a few days later, on April 10, the U.S. suddenly made a 180-degree turn, deciding to suspend tariffs for 90 days on the grounds that other countries would not retaliate, but the U.S. retained 10% of the so-called base tariff...

#特朗普暂停新关税

The United States changes several times a day, and we are urgently assessing.
The next three segments contain three sentences that seem very noteworthy.
The first sentence: We have noticed that this is the second adjustment of related policies since the U.S. side suspended the imposition of high "reciprocal tariffs" on some trading partners on April 10.
Please note: the second adjustment.
There used to be a second handshake, and now there is a second adjustment.
It is a very factual statement, but it always feels somewhat comedic.
What was the first time?
On April 2, Trump announced taxes on the entire world, repeatedly swearing: U.S. policy will absolutely not change, will never change.
And what was the result?
The U.S. stock market plummeted, the bond market was turbulent, China responded strongly, and the whole world opposed it. Just days later, on April 10, the U.S. suddenly made a 180-degree turn, deciding to suspend tariffs for 90 days on the grounds that other countries would not retaliate, but the U.S. retained 10% of the so-called basic tariffs...

#以太坊的未来

I. Current Market Value Status: From 'Second-in-Command' to 'Chaser' Crisis
Ethereum's market value has shown drastic fluctuations in 2025. As of April 25, the price of ETH has dropped to around $1,770, with a market value of approximately $37.871 billion, plummeting 50% from its peak of $3,668 in January 2025, nearly erasing all gains since October 2023. This performance not only lags behind Bitcoin (market value $1.98 trillion), but it has also been surpassed by competitors like Solana ($10.43 billion), with market share shrinking from 17.41% in 2022 to 8%-12%.
Core Contradictions:
1. 'Expectation Gap' in Technological Upgrades: Despite the promises of improvements in performance from sharding technology and the Pectra upgrade (launching on May 7), the market remains skeptical about their actual effects. For instance, although sharding technology has reduced transaction fees by 90%, on-chain activity has significantly slowed, and DeFi lending platforms face a liquidation risk exceeding $336 million.
2. Institutional Capital Withdrawal: ETH ETFs are experiencing continuous outflows, while BTC ETFs are consistently attracting funds, indicating a preference shift among institutions towards Bitcoin. Traditional giants like BlackRock and Fidelity are entering the cryptocurrency space but are more inclined to view ETH as a 'risk asset' rather than a substitute for 'digital gold'.

$TRUMP

However, with the high-level profit-taking, the upward momentum has weakened. At the same time, in terms of technical indicators, the MACD is at a high level in the bullish cycle, and the RSI has shown overbought conditions. There is an expectation of a short-term pullback to repair the indicators. On the 4-hour chart, the candlestick has been oscillating downwards with consecutive bearish candles, and the auxiliary indicators show a dead cross at a high level. The EMA 7-day line has broken down, indicating that there is still a risk of short-term pullback adjustments, and we must also be cautious of breakout situations. Therefore, from a short-term perspective, without clear confirmation of support, we continue to treat the short term with a bearish outlook!
On Thursday evening, Bitcoin rebounded in the 82500-83000 area and is still considered short. Below, we pay attention to the 90000-90600 area. As for Ethereum, it ultimately continued to face resistance below 1850 and has now broken below the 1750 level. We will continue to monitor the strength of the rebound in the evening.

#比特币市值排名

However, accompanied by the selling pressure from high-level profit-taking, the upward momentum has weakened. At the same time, in terms of technical indicators, the MACD is at a high level in a bullish cycle, and the RSI has shown overbought conditions. There is an expectation for a short-term pullback to correct the indicators. On the 4-hour chart, the candlestick has been fluctuating downwards with consecutive bearish movements, and the auxiliary indicators have formed a death cross at high levels. The EMA 7-day line has fallen below, indicating that there is still a risk of retracement and adjustment in the short term. We should also be cautious of potential market fluctuations. Therefore, in the short-term strategy, without clear confirmation of support, we will continue to approach with a bearish mindset!
On Thursday evening, Bitcoin's rebound in the 82500-83000 area is still seen as a short position, while we focus on the 90000-90600 area below. As for Ethereum, it ultimately continues to face resistance below 1850 and has now fallen below the 1750 line. We will continue to monitor the strength of the rebound in the evening, as it is unable to sustain further.

#TRUMP晚宴

An opportunity to dine with Trump, purely based on the amount of tokens held, no lottery, no hidden rules, at a presidential-level venue in Washington, D.C., starting on May 22, with only 220 seats available, and no guests allowed, plus passing an FBI-level background check.
The top 25 must hold nearly 1 million $TRUMP (140 million RMB), and the promised "White House tour" suddenly shrank to "private reception" this morning.
In plain terms, this is an auction for power. Want to get closer to the man? Want to hear him rant in person? Then spend money to buy tokens; the more you buy, the closer your seat will be.
But the problem is—this businessman knows how to play tricks; last night the official site still advertised a "White House tour," but this morning it changed to a "private reception." By the time the dinner rolls around, who knows, they might even replace the buffet with Burger King!
Ironically, when the price of $TRUMP collapses, this meal could end up being the most expensive McDonald's combo in history—spending three million just to hear the old man say, "you're fired."

$ETH

Upon waking up, the financial markets are in turmoil! The US stock market and the cryptocurrency sector have surged significantly, and all of this surprisingly stems from Trump's three major concessions made at 00:00, 01:00, and 05:00.
US Treasury Secretary Mnuchin was the first to speak out, frankly stating that the trade war with China is unsustainable, and the situation is about to ease.
Immediately afterward, Trump himself stated: "A 145% tariff is too high; tariffs on China will be significantly reduced, China will be satisfied, and the US and China will work together for good cooperation." Moreover, although Trump is unhappy with the pace of the Fed's interest rate cuts, he has clearly no intention of firing Powell.

#加密市场反弹

Upon waking up, the financial markets are in turmoil! The US stock market and the cryptocurrency sector have surged significantly, and all of this stems from Trump's three major concessions made at 00:00, 01:00, and 05:00.
US Treasury Secretary Mnuchin was the first to speak out, stating that the trade war with China is unsustainable and that a resolution is imminent.
Shortly after, Trump himself made a statement: "A 145% tariff is too high; tariffs on China will be significantly reduced, and China will be pleased. The US and China will work together in good cooperation." Additionally, although Trump is dissatisfied with the pace of the Fed's interest rate cuts, he has made it clear that he has no intention of firing Powell.

#加密市场反弹

Upon waking up, the financial markets are in turmoil! The US stock market and cryptocurrency sector surged significantly, all stemming from Trump's three major concessions made at 00:00, 01:00, and 05:00.
US Treasury Secretary Mnuchin was the first to speak out, stating that the trade war with China is unsustainable and that the situation is about to ease.
Following that, Trump himself stated: "A 145% tariff is too high; tariffs on China will be significantly reduced, and China will be satisfied. The US and China will work together for good cooperation." In addition, while Trump is dissatisfied with the pace of the Federal Reserve's interest rate cuts, he has made it clear that he has no intention of firing Powell.

#Metaplanet增持比特币

Let’s analyze the key factor of Bitcoin's halving mechanism. As we all know, Bitcoin's production halves every four years. Historically, after the previous halvings, the market usually experiences a real price peak about 1 to 1.5 years later. Based on this timeline, the end of 2025 to early 2026 seems more likely to be the peak moment for the market, while the current pullback resembles a halftime break. Comparing the magnitude of the pullback, this time it has only dropped by 30%, whereas in 2017 and 2021, Bitcoin experienced significant pullbacks of 45% and 53% respectively. In contrast, the current pullback is not considered exaggerated. Additionally, the miners' cost line is currently around $78,000. If the price really falls to this level, miners will be reluctant to sell their Bitcoin due to cost considerations, which will provide some level of price support, like a natural moat.

#Strategy增持比特币

Let’s analyze the key factor of Bitcoin's halving mechanism. As is well known, Bitcoin's production halves every four years. Historical data shows that after the previous halvings, the market typically experiences a true price peak about 1 to 1.5 years later. Based on this timeline, the end of 2025 to the beginning of 2026 is more likely to be the peak moment for the market; the current pullback seems more like a halftime break. Additionally, comparing the magnitude of the pullback, this time it has only dropped by 30%, whereas in 2017 and 2021, Bitcoin experienced significant pullbacks of 45% and 53%, respectively. In comparison, the current pullback is not considered exaggerated. Moreover, the miners' cost line is currently around $78,000. If the price really drops to this level, miners, due to cost considerations, will be reluctant to sell their Bitcoin, which will to some extent create price support, akin to a natural moat.

#中美贸易关系

Take Ethereum for example, many people previously cut losses and left the market when it was around $1900-$1700. If it were really going to drop to a floor price of $1200, the big players wouldn't just crash it; they would first push the price up to make retail investors think the bull market has returned. When everyone is frantically buying the dip, they would then short it at high levels, which is a more efficient way to harvest retail investors.
Why do I say it hasn't bottomed yet? You see, there are still people in various groups shouting about buying the dip to get rich. The real bottom looks like this: no one is talking in the groups, no one is posting gains on social media, and even those who used to complain are too lazy to complain now. That is the real bottom. Since there are still so many people dreaming of getting rich quickly, it indicates that it hasn't fully dropped yet!

#加密市场反弹

Take Ethereum for example. Previously, many people cut their losses and left the market when it was at $1900-$1700. If it were really going to drop to $1200, the market makers wouldn't just hammer it down; they would first push the price up to make retail investors think the bull market has returned. Once everyone is frantically bottom-fishing, they would then short at high prices, which is a much more efficient way to harvest retail investors' money.
Why do I say we haven't hit the bottom yet? Look at all the groups now; there are still people shouting about bottom-fishing to get rich. The real bottom looks like this: no one is talking in the group, no one is posting profits on social media, not even the people who used to complain are bothering to complain. That would truly indicate we've hit rock bottom. Right now, there are still so many people dreaming of getting rich, which shows we haven't fully dropped yet!

$TRX

I have a cautious attitude towards TRX ETFs with staking functionality. Although this ETF offers approximately 4.5% annualized returns by staking TRX tokens, the founder of TRX, Justin Sun, has been involved in legal disputes, and altcoins generally face issues such as high price volatility and lack of practical application scenarios, which may exacerbate speculative risks. In addition, Canary Capital's frequent applications for altcoin ETFs have been questioned as a marketing tactic, posing short-term risks of artificially inflating prices for selling.
The attention on altcoin ETFs reflects the trend of mainstreaming in the crypto market, but risks should be heeded. In 2025, 16 institutions have submitted applications for altcoin ETFs such as SOL and XRP, and the SEC's review standards remain strict, with DOGE having only a 20% probability of approval due to its meme attributes. In the long run, compliance funds entering the market may boost liquidity, but short-term prices are susceptible to speculative sentiment and policy changes.