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Binance reaches agreement with the U.S. Securities and Exchange Commission, is it a settlement?The proposed agreement resolves the SEC's motion for a temporary restraining order but still requires judicial signature. Binance, Binance.US and the U.S. Securities and Exchange Commission (SEC) announced an agreement to ensure that only Binance.US employees have access to customer funds in the short term late Friday. Under the proposed agreement, which still needs to be signed by a federal judge overseeing the case, Binance.US will take steps to ensure that no Binance Holdings official can access the private keys of its various wallets, hardware wallets or access to Binance.US Root access to Amazon Web Services tools. Additionally, the U.S.-based cryptocurrency exchange will share details about its business expenses, including estimated costs, in the coming weeks.

Binance reaches agreement with the U.S. Securities and Exchange Commission, is it a settlement?

The proposed agreement resolves the SEC's motion for a temporary restraining order but still requires judicial signature.

Binance, Binance.US and the U.S. Securities and Exchange Commission (SEC) announced an agreement to ensure that only Binance.US employees have access to customer funds in the short term late Friday.

Under the proposed agreement, which still needs to be signed by a federal judge overseeing the case, Binance.US will take steps to ensure that no Binance Holdings official can access the private keys of its various wallets, hardware wallets or access to Binance.US Root access to Amazon Web Services tools. Additionally, the U.S.-based cryptocurrency exchange will share details about its business expenses, including estimated costs, in the coming weeks.
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Bullish
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The increase in trading volume and the surge in the early morning successfully activated the market. Retail investors and major players began to enter the market. It fell last night and then rebounded and quickly rose. So far, the transaction volume of online goods is 800 million, and the monthly transaction volume is 10 billion. Trading volumes have returned to normal trading volumes. It should be noted that most of the trading volume is in the early morning, and you need to pay attention to the trading hours in Asia. The market expected 26900 has arrived, and there will be greater pressure above. During the weekend, European and American trading volumes will decrease, which is related to banking business and mainly depends on the increase in Asian trading hours. It is very likely to reach above 27,000. Trading strategy: Those who did not get on the train yesterday should mainly wait and see. If you pursue it again, the profit will be small and it is not recommended. Please wait for me to notify you of the specific news about entering the factory! #BTC
The increase in trading volume and the surge in the early morning successfully activated the market. Retail investors and major players began to enter the market. It fell last night and then rebounded and quickly rose. So far, the transaction volume of online goods is 800 million, and the monthly transaction volume is 10 billion. Trading volumes have returned to normal trading volumes. It should be noted that most of the trading volume is in the early morning, and you need to pay attention to the trading hours in Asia. The market expected 26900 has arrived, and there will be greater pressure above. During the weekend, European and American trading volumes will decrease, which is related to banking business and mainly depends on the increase in Asian trading hours. It is very likely to reach above 27,000. Trading strategy: Those who did not get on the train yesterday should mainly wait and see. If you pursue it again, the profit will be small and it is not recommended. Please wait for me to notify you of the specific news about entering the factory! #BTC
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Binance will exit the Dutch marketThe cryptocurrency exchange attempted to obtain a Virtual Asset Service Provider (VASP) license from Dutch regulators but was unsuccessful. Binance, the world’s largest cryptocurrency exchange, is leaving the Netherlands after failing to convince Dutch regulators to issue a virtual asset service provider (VASP) license that would prove it complies with anti-money laundering (AML) guidelines. As of July 17, Dutch residents will only be able to withdraw funds from the platform, according to a statement from the exchange. “We regret to announce that Binance will be withdrawing from the Dutch market,” Binance said on its website. “Unfortunately, this means that as of today, new users residing in the Netherlands will no longer be accepted. Starting July 17, 2023, existing Dutch resident users will only be able to withdraw assets from the Binance platform. This will not be possible further purchases, trades or deposits. We encourage these users to take appropriate action and withdraw assets from their accounts."

Binance will exit the Dutch market

The cryptocurrency exchange attempted to obtain a Virtual Asset Service Provider (VASP) license from Dutch regulators but was unsuccessful.

Binance, the world’s largest cryptocurrency exchange, is leaving the Netherlands after failing to convince Dutch regulators to issue a virtual asset service provider (VASP) license that would prove it complies with anti-money laundering (AML) guidelines.

As of July 17, Dutch residents will only be able to withdraw funds from the platform, according to a statement from the exchange.

“We regret to announce that Binance will be withdrawing from the Dutch market,” Binance said on its website. “Unfortunately, this means that as of today, new users residing in the Netherlands will no longer be accepted. Starting July 17, 2023, existing Dutch resident users will only be able to withdraw assets from the Binance platform. This will not be possible further purchases, trades or deposits. We encourage these users to take appropriate action and withdraw assets from their accounts."
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Bearish
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6.16 BTC analysis: The current spot trading volume of the pie is 600 million, and the contract volume is 6.6 billion. The trading volume is once again declining. The rebound accelerated by more than 700 points early this morning. This rebound is considered to be powerful, but this rebound mostly comes from the bottom-buying sentiment. Whether the trading volume on several days is increasing or decreasing is particularly important. It should be noted that this week’s trading volume and trend both appeared in the early morning, and it is obvious that Bean’s spot trading volume was larger in the early morning. It can be basically inferred that the rebound sentiment still comes from other trading areas. According to this practice, our recent strategy Will be given in the evening, it is best to play conservatively! Trend direction: The main trend is shock and decline. After exiting the unilateral decline, there will be a rebound. The current rebound is strong and the strategy is out! ! ! #BTC
6.16 BTC analysis:

The current spot trading volume of the pie is 600 million, and the contract volume is 6.6 billion. The trading volume is once again declining.

The rebound accelerated by more than 700 points early this morning. This rebound is considered to be powerful, but this rebound mostly comes from the bottom-buying sentiment. Whether the trading volume on several days is increasing or decreasing is particularly important. It should be noted that this week’s trading volume and trend both appeared in the early morning, and it is obvious that Bean’s spot trading volume was larger in the early morning. It can be basically inferred that the rebound sentiment still comes from other trading areas. According to this practice, our recent strategy Will be given in the evening, it is best to play conservatively!

Trend direction: The main trend is shock and decline. After exiting the unilateral decline, there will be a rebound. The current rebound is strong and the strategy is out! ! ! #BTC
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Crypto Market Cap Drops $41B: CryptoSlate wMarket UpdateThe cryptocurrency market saw a net outflow of $41.5 billion in the past 24 hours and currently stands at $1.01 trillion, down 3.9% from $1.06 trillion. During the reporting period, the market values ​​of Bitcoin (BTC) and Ethereum (ETH) fell by 4.2% and 6.5% to US$482.59 billion and US$196.32 billion respectively. The top 10 cryptocurrencies have all fallen in the past 24 hours, with Polygon leading the decline, down 7.9%, followed by Cardano, down 7%. The market caps of Tether (USDT), USD Coin (USDC) and Binance USD fell to $83.39 billion, $28.09 billion and $4.5 billion respectively.

Crypto Market Cap Drops $41B: CryptoSlate wMarket Update

The cryptocurrency market saw a net outflow of $41.5 billion in the past 24 hours and currently stands at $1.01 trillion, down 3.9% from $1.06 trillion.

During the reporting period, the market values ​​of Bitcoin (BTC) and Ethereum (ETH) fell by 4.2% and 6.5% to US$482.59 billion and US$196.32 billion respectively.

The top 10 cryptocurrencies have all fallen in the past 24 hours, with Polygon leading the decline, down 7.9%, followed by Cardano, down 7%.

The market caps of Tether (USDT), USD Coin (USDC) and Binance USD fell to $83.39 billion, $28.09 billion and $4.5 billion respectively.
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Binance Launches Bitcoin Mining Cloud Service Amid SEC CrackdownCryptocurrency exchange Binance is currently selling 1 Terahash per second (Th/s) for $10.7280, with hash rate and electricity costs at $1.17 and $9.558 respectively. Cryptocurrency exchange Binance announces new subscription-based Bitcoin mining product Starting June 15, users who are interested in Bitcoin mining but lack the equipment can subscribe to Binance’s cloud mining service and purchase computing power. Hash rate is the computing power required to confirm and legitimize Bitcoin transactions through the blockchain. Binance is currently selling 1 Terahash per second (Th/s) at $10.7280, with hashrate and electricity costs at $1.17 and $9.558 respectively. In terms of Bitcoin earned through mining, a higher hash rate increases the likelihood of earning a higher income.

Binance Launches Bitcoin Mining Cloud Service Amid SEC Crackdown

Cryptocurrency exchange Binance is currently selling 1 Terahash per second (Th/s) for $10.7280, with hash rate and electricity costs at $1.17 and $9.558 respectively.

Cryptocurrency exchange Binance announces new subscription-based Bitcoin mining product

Starting June 15, users who are interested in Bitcoin mining but lack the equipment can subscribe to Binance’s cloud mining service and purchase computing power. Hash rate is the computing power required to confirm and legitimize Bitcoin transactions through the blockchain.

Binance is currently selling 1 Terahash per second (Th/s) at $10.7280, with hashrate and electricity costs at $1.17 and $9.558 respectively. In terms of Bitcoin earned through mining, a higher hash rate increases the likelihood of earning a higher income.
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Bearish
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6.15BTC analysis: Today’s pie contract is 12 billion. The trading volume is sluggish compared to yesterday, which is less than 50% compared to the past. The market is filled with low fear, and the overall fluctuation is less than 200 points. There must be a storm under the calm. The Fed spoke in the early morning and confirmed the suspension of interest rate hikes. Market trading volume was too low and sentiment was not high. The increase did not exceed more than 100 points until Powell ended his speech in a relatively dovish manner, confirming a lower inflation rate target in the future and He did not admit that this time he would skip the interest rate hike. This kind of speech was felt by those who are sensitive to the market. After 3 a.m., the market's trading volume slowly increased, then accelerated its decline, and finally broke through the 25,000 mark at 4:49 a.m. and reached the 24,800 position. Now it's calm again. Trading strategy: Gao Kun! I will notify you of the specific location!
6.15BTC analysis: Today’s pie contract is 12 billion. The trading volume is sluggish compared to yesterday, which is less than 50% compared to the past. The market is filled with low fear, and the overall fluctuation is less than 200 points. There must be a storm under the calm. The Fed spoke in the early morning and confirmed the suspension of interest rate hikes. Market trading volume was too low and sentiment was not high. The increase did not exceed more than 100 points until Powell ended his speech in a relatively dovish manner, confirming a lower inflation rate target in the future and He did not admit that this time he would skip the interest rate hike. This kind of speech was felt by those who are sensitive to the market. After 3 a.m., the market's trading volume slowly increased, then accelerated its decline, and finally broke through the 25,000 mark at 4:49 a.m. and reached the 24,800 position. Now it's calm again. Trading strategy: Gao Kun! I will notify you of the specific location!
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Bearish
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The CPI data will be released tonight. Is it a timely help or aggravating the situation? 1. BTC has recently been affected by SEC prosecution, and has gradually started to fluctuate at a low level after gradually falling back. Tonight, the CPl data will be released, and it is imminent for Bean to close the USD fiat currency channel. What kind of advance actions will the funds on the market take? Recommended ideas for the day: ETH pays attention to the short-term support of 1700-1720; the upper pressure is 1770-1780 points; the operation idea gives priority to rebounding and trading on highs. BTC is concerned about whether the early platform support can rebound effectively around 2500025300, and the rebound pressure is around 26200-26300. The operation idea is to give priority to rallies. #BTC #ETH
The CPI data will be released tonight. Is it a timely help or aggravating the situation?

1. BTC has recently been affected by SEC prosecution, and has gradually started to fluctuate at a low level after gradually falling back. Tonight, the CPl data will be released, and it is imminent for Bean to close the USD fiat currency channel. What kind of advance actions will the funds on the market take?

Recommended ideas for the day: ETH pays attention to the short-term support of 1700-1720; the upper pressure is 1770-1780 points; the operation idea gives priority to rebounding and trading on highs. BTC is concerned about whether the early platform support can rebound effectively around 2500025300, and the rebound pressure is around 26200-26300. The operation idea is to give priority to rallies. #BTC #ETH
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Analysis of BTC on June 13After a day of small range fluctuations, the pie finally reached above 26,000, indicating that the pressure for a rebound is still relatively high. According to transaction volume statistics, yesterday's transaction volume increased slightly compared with last week, not much, and important transactions The volume increment time is not the trading time in Asia, and most of it comes from transactions in the evening or early morning. This shows that traders in Asia are still fully cautious about the current market. And looking at the K line, the upper and lower needles have a large amplitude. There are two possibilities, market traders or retail investors directly buying and selling at market prices. My personal preference is the first. Tonight’s CPI data will basically not have any big surprises. The expected value was 4.1 and the previous value was 4.9. According to the current BTC trend, the trend is still bearish. The key point of the difficulty of this week’s market is that if the intervention point is not found well, the up and down needles may easily be trapped. , if it is heavy, it will be damaged. Therefore, choosing a high position to catch the air is the best choice. In terms of spot prices, the current market can be regarded as oscillating in a wide range. Without going extremely unilateral, the Hong Kong sector can make arrangements as appropriate. KET RDNT also tried a small-scale layout the day before yesterday, and the current situation is good.

Analysis of BTC on June 13

After a day of small range fluctuations, the pie finally reached above 26,000, indicating that the pressure for a rebound is still relatively high. According to transaction volume statistics, yesterday's transaction volume increased slightly compared with last week, not much, and important transactions The volume increment time is not the trading time in Asia, and most of it comes from transactions in the evening or early morning. This shows that traders in Asia are still fully cautious about the current market. And looking at the K line, the upper and lower needles have a large amplitude. There are two possibilities, market traders or retail investors directly buying and selling at market prices. My personal preference is the first. Tonight’s CPI data will basically not have any big surprises. The expected value was 4.1 and the previous value was 4.9. According to the current BTC trend, the trend is still bearish. The key point of the difficulty of this week’s market is that if the intervention point is not found well, the up and down needles may easily be trapped. , if it is heavy, it will be damaged. Therefore, choosing a high position to catch the air is the best choice. In terms of spot prices, the current market can be regarded as oscillating in a wide range. Without going extremely unilateral, the Hong Kong sector can make arrangements as appropriate. KET RDNT also tried a small-scale layout the day before yesterday, and the current situation is good.
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Highlights this week: On June 13th, at 8:30 p.m., the United States released May cpi data. On June 15th, at 2 a.m., the Federal Reserve announced its interest rate decision and economic forecasts. On June 15th, Fed Chairman Powell held a press conference at 2:30 in the morning. Unemployment benefits data at 8:30 pm on June 15th. Every piece of news can make waves. It just depends on whether you can grasp it. I believe in Mr. Zhang! #区块链
Highlights this week:
On June 13th, at 8:30 p.m., the United States released May cpi data.
On June 15th, at 2 a.m., the Federal Reserve announced its interest rate decision and economic forecasts.
On June 15th, Fed Chairman Powell held a press conference at 2:30 in the morning.
Unemployment benefits data at 8:30 pm on June 15th.
Every piece of news can make waves. It just depends on whether you can grasp it. I believe in Mr. Zhang! #区块链
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Bearish
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BTC disk analysis: The trend of the market is in a 600-point shock range, which is smaller than the range in the early morning of Saturday. This phenomenon will indicate that market players will gradually reduce their control over the main force. The general direction remains unchanged for the time being, and the rise of many copycats cannot save the market's decline. The Federal Reserve this week is currently skipping an interest rate hike. For the current market, it is very likely that a reversal will occur, and skipping may turn into an interest rate hike. In fact, I personally hope to raise interest rates. Only the Federal Reserve's continuous interest rate increases can promote the arrival of a bear bottom and truly make the bull market arrive quickly. Trend direction: Look at the rebound. Only by looking at the strength of the rebound can we know where to enter the factory. Remember not to chase the rebound. The strategy has been released, remember to come and get it! #BTC
BTC disk analysis:
The trend of the market is in a 600-point shock range, which is smaller than the range in the early morning of Saturday. This phenomenon will indicate that market players will gradually reduce their control over the main force. The general direction remains unchanged for the time being, and the rise of many copycats cannot save the market's decline. The Federal Reserve this week is currently skipping an interest rate hike. For the current market, it is very likely that a reversal will occur, and skipping may turn into an interest rate hike. In fact, I personally hope to raise interest rates. Only the Federal Reserve's continuous interest rate increases can promote the arrival of a bear bottom and truly make the bull market arrive quickly.
Trend direction: Look at the rebound. Only by looking at the strength of the rebound can we know where to enter the factory. Remember not to chase the rebound.
The strategy has been released, remember to come and get it! #BTC
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SOL, ADA, MATIC tokens suddenly drop 20% in the days following SEC lawsuit allegationsEarlier this week, some tokens were accused of being securities, leading to possible risk aversion among traders. Coins of major blockchain networks have fallen more than 20% in the past 24 hours, days after the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against cryptocurrency exchanges Binance and Coinbase over 13 tokens alleged to be securities. Data shows that most of these losses occurred in the early hours of Saturday morning. Solana (SOL), polygon (MATIC) and cardano (ADA) fell 25% in a matter of hours - leading some on Crypto Twitter to wonder if a large crypto fund had sold off amid fairly illiquid market conditions their assets.

SOL, ADA, MATIC tokens suddenly drop 20% in the days following SEC lawsuit allegations

Earlier this week, some tokens were accused of being securities, leading to possible risk aversion among traders.

Coins of major blockchain networks have fallen more than 20% in the past 24 hours, days after the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against cryptocurrency exchanges Binance and Coinbase over 13 tokens alleged to be securities.

Data shows that most of these losses occurred in the early hours of Saturday morning. Solana (SOL), polygon (MATIC) and cardano (ADA) fell 25% in a matter of hours - leading some on Crypto Twitter to wonder if a large crypto fund had sold off amid fairly illiquid market conditions their assets.
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Bearish
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At 12 noon, the pie fell rapidly, reaching 1,000 points, and at the same time it drove the copycats to fall rapidly. This phenomenon simply shows that the major players have begun to gradually reduce their intervention in the market, and instead allow the market to freely release floods. In the next few days, we will see To a market with lower volumes and a quieter market. The bear bottom is coming, brothers, don’t be pessimistic, winter is coming, can spring be far behind? Where is the bottom of the winter pie this time? #BTC
At 12 noon, the pie fell rapidly, reaching 1,000 points, and at the same time it drove the copycats to fall rapidly. This phenomenon simply shows that the major players have begun to gradually reduce their intervention in the market, and instead allow the market to freely release floods. In the next few days, we will see To a market with lower volumes and a quieter market.
The bear bottom is coming, brothers, don’t be pessimistic, winter is coming, can spring be far behind?
Where is the bottom of the winter pie this time? #BTC
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Bearish
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Today’s BTC analysis: Today the market has been in a downward trend, with the bottom supported at 26200. As of now, the spot trading volume is 120 million, nearly double that of yesterday. Contract trading volume was 1.7 billion, an increase of 500 million from yesterday. Judging from the data, the downward trend in the spot market has been activated and the contract market has grown normally. Today's direction: high altitude, will rebound, at least 300 points. The market situation is confusing at the weekend. I suggest you don’t open it if you can, or follow me, Tserele, the strategy is out! #BTC
Today’s BTC analysis:
Today the market has been in a downward trend, with the bottom supported at 26200. As of now, the spot trading volume is 120 million, nearly double that of yesterday. Contract trading volume was 1.7 billion, an increase of 500 million from yesterday. Judging from the data, the downward trend in the spot market has been activated and the contract market has grown normally.
Today's direction: high altitude, will rebound, at least 300 points. The market situation is confusing at the weekend. I suggest you don’t open it if you can, or follow me, Tserele, the strategy is out! #BTC
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Cardano developers reject SEC claim its ADA token is a security"Under no circumstances are ADAs a security under the U.S. securities laws," IOG said in a press release. Cardano developer IOG has refuted claims by the U.S. Securities and Exchange Commission (SEC) that the blockchain’s native token ada (ADA) can be considered a security. The U.S. Securities and Exchange Commission filed a lawsuit against cryptocurrency exchanges Binance and Coinbase earlier this week that included "numerous factual inaccuracies" in including ADA on a list of crypto tokens that could count as securities, IOG said. The charges will have no impact on IOG's operations, the company said in a statement on Friday.

Cardano developers reject SEC claim its ADA token is a security

"Under no circumstances are ADAs a security under the U.S. securities laws," IOG said in a press release.

Cardano developer IOG has refuted claims by the U.S. Securities and Exchange Commission (SEC) that the blockchain’s native token ada (ADA) can be considered a security.

The U.S. Securities and Exchange Commission filed a lawsuit against cryptocurrency exchanges Binance and Coinbase earlier this week that included "numerous factual inaccuracies" in including ADA on a list of crypto tokens that could count as securities, IOG said. The charges will have no impact on IOG's operations, the company said in a statement on Friday.
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Data from DeFi Llama showing ERC-20 traffic on Binance.US paints a different story than above. While Binance.com’s holdings of Bitcoin may be relatively stable, Binance.US’s holdings of Ethereum-based assets saw an outflow of $76.5 million on June 7. A few days ago, on June 5, the day the SEC filed suit against Binance, Binance.US and CEO Changpeng Zhao (CZ) on charges including operating an unregistered exchange, the total Ethereum outflows from the U.S. segment to $506.9 million. This disparity suggests that Binance.US altcoin users are more concerned about the potential impact of SEC enforcement action against the company. Binance CEO Changpeng Zhao (CZ) clarified that the motion to freeze assets will only affect Binance.US if it is approved by the court. “It will not affect Binance.com. Funding is #SAFU.”
Data from DeFi Llama showing ERC-20 traffic on Binance.US paints a different story than above.

While Binance.com’s holdings of Bitcoin may be relatively stable, Binance.US’s holdings of Ethereum-based assets saw an outflow of $76.5 million on June 7.

A few days ago, on June 5, the day the SEC filed suit against Binance, Binance.US and CEO Changpeng Zhao (CZ) on charges including operating an unregistered exchange, the total Ethereum outflows from the U.S. segment to $506.9 million.

This disparity suggests that Binance.US altcoin users are more concerned about the potential impact of SEC enforcement action against the company.

Binance CEO Changpeng Zhao (CZ) clarified that the motion to freeze assets will only affect Binance.US if it is approved by the court.

“It will not affect Binance.com. Funding is #SAFU.”
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