After many twists and turns, the U.S. stock exchange announced a complete ban on cryptocurrency trading, causing market shocks
Since the beginning of 2023, the relationship between the United States Stock Exchange (USSE) and the cryptocurrency market has continued to have twists and turns, finally reaching a turning point in July 2023. The USSE announced that it would completely ban cryptocurrency trading. This major decision caused huge shocks in global markets.
1. Early 2023: USSE implements measures to suspend the listing of new cryptocurrencies
At the beginning of 2023, the USSE took measures against the cryptocurrency market for the first time, announcing a suspension of the listing of new cryptocurrencies. The move caused unease in the market, with investors worried that the USSE's attitude towards cryptocurrencies may mean that stricter regulatory policies are on the way.
In July 2023, the United States Futures Exchange (USFC) announced new sanctions and administrative policies on the cryptocurrency market, which attracted widespread attention from the industry and investors. These important measures have had a profound impact on the global cryptocurrency ecosystem and aroused heated discussions in the market.
Among them, the USFC strictly supervises ICOs (initial coin offerings), requiring all new projects to pass review and comply with a series of regulatory requirements before conducting public offerings. This measure aims to prevent fraud and illegal capital inflows, and protect the interests of investors and market stability.
The collapse of Bitcoin prices: In early July 2023, the sharp decline in Bitcoin prices in just a few days attracted the attention of global media and investors. This large fluctuation is believed to be the result of multiple factors such as market speculation, regulatory policy adjustments, and the behavior of large investors.
US Cryptocurrency Regulations: In July 2023, the US government announced an important cryptocurrency regulation. The regulation requires all cryptocurrency trading platforms to comply with stricter regulatory requirements before providing services, including real-name registration, anti-money laundering measures and customer fund protection. The implementation of this regulation caused uneasiness in the market and had a profound impact on the operations of U.S. cryptocurrency trading platforms. #BTC
What is "buying the dip"? Introducing two news aspects and two technical aspects of bargain hunting.
The profit does not rise: During the main decline stage of stock price, it is often the case that good news fails to push up the stock price. At this time, the stock price tends to accelerate its decline to find the bottom, which is helpful for the formation of the bottom. Negative but not negative: When bad news frequently comes out of the market but the stock price fails to fall below the previous low, it can be considered that the stock price has begun to bottom out. The MACD crosses upward at a low level, and the daily K-line breaks through the neckline and stands above the 20-day moving average, while the 20-day moving average rises. Monthly KD golden cross. Through the above-mentioned "two news aspects, two technical aspects" method, as a tool for judging market trends and conducting transactions, although it may not be possible to buy at the lowest point of the stock price, this is the true sense of bargain hunting.
Investors often try to buy at the lowest point, but this kind of reverse operation can easily fall into the predicament of buying lower and lower. #合约锦标赛 #Binance
The report stated that the SEC believes that most cryptocurrencies should be considered securities, and therefore cryptocurrency companies and trading platforms should be regulated by it and abide by the regulatory framework currently applicable to other securities. However, the analyst team pointed out in the report that this is not a simple and clear legal issue, and it is not yet certain which cryptocurrencies will be classified as securities. The SEC’s lawsuit against Ripple is a major challenge in the legal community.
Just last week, the SEC announced a lawsuit against Binance, Binance founder and CEO Changpeng Zhao, and Binance US operating companies, alleging violations of federal securities laws. Immediately afterwards, the SEC filed a lawsuit with similar accusations against competitor Coinbase. These moves further highlight regulators’ focus on and tracking of the cryptocurrency market. #合约锦标赛 #Binance
Recently, a research report released by JPMorgan Chase once again highlighted the urgent need for U.S. lawmakers to develop a comprehensive cryptocurrency regulatory framework. This report reminds us that the SEC’s lawsuits against Binance and Huawei show that without a solid legal framework, cryptocurrency activity is likely to continue to flow to decentralized entities abroad.
JPMorgan emphasized that in order to regulate the cryptocurrency industry and clarify the responsibilities between the SEC and the Commodity Futures Trading Commission, lawmakers urgently need to develop a comprehensive framework.
There are three types of people in the currency circle 1. Believers only know how to hoard coins throughout their lives. 2. Those with contract fluctuations will open contracts when there are fluctuations and profits. 3. People lying in the park after being deceived - believing others to buy unknown coins
Now I want to share the story of a friend around me. I believe everyone has this kind of person around them.
Mr. Abi listened to a friend's suggestion to invest in finxxxx's web contract, which claimed to have a self-lending contract. He saw his friends hand in hand to make money and actually received the money. He was so envious that he invested all his money. At first, his investment really paid off and he really got the so-called interest. But suddenly one day, he found that the cryptocurrency website was closed and the team members disappeared. In the end, his wallet was also stolen. He regretted not investing more carefully and regretting trusting such an easily deceived project. He became a victim of fraud #詐騙