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On May 8, Powell's 'hawkish voice' is coming, and the market is stirring again! Seize the volatility and explore wealth opportunities.

Dear investors, a storm in the financial markets may be approaching! On May 8, the speech by Federal Reserve Chairman Powell could become the 'turbulent waves' of the market, leading to violent fluctuations in prices. According to the current market trend, Powell is very likely to make hawkish remarks, and this signal has already put the market on high alert. Starting from Tuesday, there may be signs of a downturn, with the decline potentially being most severe on the day of the press conference, Thursday.

The European Union (EU) has implemented a general ban on anonymity coins and covert cryptocurrency accounts that will come into effect on July 1, 2027. The measure is included as part of the recently adopted Anti-Money Laundering Regulation (AMLR), which targets increased transparency as well as counteracting illegal money laundering activities across the crypto industry.
Key Provisions of the AMLR
• Ban on Privacy Coins: Cryptocurrencies that enable anonymous transactions, including Monero (XMR), Zcash (ZEC), and Dash, will be banned in the EU.
• Prohibition of Anonymous Accounts: Banks and crypto-asset service providers (CASPs) will be prohibited from holding or managing anonymous accounts or wallets.
• Forced Identity Verification: All transactions in crypto exceeding €1,000 will need to be fully verified by identity, bringing crypto transactions in line with the standards applied in traditional banking.
• Creation of AMLA: A new EU agency, the Anti-Money Laundering Authority (AMLA), will regulate large crypto companies in the bloc, specifically those with more than 20,000 clients or more than €50 million in annual transaction volumes.

Implications for Stakeholders
• Crypto Service Providers: Financial institutions and exchanges will have to introduce strong Know Your Customer (KYC) mechanisms and end services for privacy-oriented cryptocurrencies in order to adapt to the new regulations.
• Privacy Coins Users: Holders or users of privacy coins in the EU will be impacted, as such assets will no longer be maintained on regulated exchanges. Peer-to-peer transfers and self-custody of such coins might still remain, but subject to greater scrutiny.
• Market Dynamics: In spite of the looming ban, privacy coins such as Monero and Zcash have remained resilient, with recent price gains of 5% and 3%, respectively, reflecting sustained demand and possible migration to more friendly jurisdictions.
Global Context
The EU action is part of a wider global trend towards tighter regulation of privacy-oriented cryptocurrencies. South Korea and Australia have already delisted such coins from exchanges under regulatory pressure.
Although these steps are intended to stem illegal activities, they also create issues regarding individual privacy and the possibility of stifling innovation in the crypto sector. The long-term effect of such regulations on the adoption and growth of privacy-enhancing technologies is yet to be determined.
#EUPrivacyCoinBan

A child asked, "Your life has been very smooth, how do you face setbacks?" Buffett likely replied, "You only need to become wealthy once in your life. If you don’t want to take risks that lead you back to poverty, then don’t do it." Buffett’s response is actually conveying a detail of financial freedom!

In fact, many people initially make money in trading, and some even make a lot. They begin to pursue numerical growth, distancing themselves from their actual needs. In reality, people do not need that much money in their daily lives, but these people artificially create demands for themselves, such as thinking they need a Lamborghini, a huge house, Michelin-starred meals every time, or dating high-scoring gold diggers, etc.