In the Binance Web3 wallet, brushing #Alpha, both buying and selling are definitely counted towards the trading volume, except for the last sale back to U which is not counted; everything else is included. This is equivalent to double trading volume on BSC, with coins and coins (ZKJ and B2 trading pair) also doubled, reducing wear and interactions. Previously, brushing 16384U corresponded to 14 points of wear, now it can be 32768U, corresponding to 15 points, plus balance points 2 points (bulk brushing, the best amount is 1100U, per account), accumulating 17 points, 17*15=255 points, basically satisfying all airdrops.
The "stablecoin of the American presidential family" is quietly rising.
The DeFi project WLFI, led by the Trump family, has launched the stablecoin USD1, which has been deployed on the Ethereum, BNB Chain, and Tron blockchains within just a month, connecting to over 10 protocols, and its market value has surpassed 2.1 billion USD, making it the fifth largest stablecoin by market capitalization globally.
USD1 is 100% backed by U.S. short-term Treasury bonds and cash assets, with BitGo as the custodian, and it is operated by Eric Trump, the son of Donald Trump, with support from a $75 million investment from Sun Yuchen.
What has sparked even more discussion is that the Abu Dhabi investment institution MGX completed a $2 billion investment in Binance through USD1, a partnership that has been personally confirmed by Zhao Changpeng.
On-chain data shows that DWF Labs provided liquidity for USD1 and subscribed to $25 million in WLFI tokens, while several leading DeFi protocols quickly integrated, including Venus, Meson Finance, Lista DAO, Pyth Network, and centralized exchanges HTX and MEXC have also listed the USD1/USDT trading pair.
Moreover, USD1 has entered the Web3 commercial consumption scene, supporting platforms such as Umy (global hotel booking), TokenPocket, HOT Wallet, and Pundi X, and has already launched a wallet user airdrop test governance proposal, with a voting support rate as high as 99.96%.
USD1 is positioned as a “digital dollar” serving institutions and sovereign funds, with a focus on three core applications: cross-border payments, DeFi settlements, and off-chain consumption.
As WLFI announces its push for integration with traditional POS systems, this “presidential family coin” is rapidly becoming a variable in the stablecoin landscape.
$BNX does not heed the market's mood, continuing to rise. As the main token of Four.Meme, as long as the heat of BSC continues, BNX will take the lead. Pay attention to opportunities on the BSC chain + BSC ecosystem opportunities, today $BNB is also performing exceptionally well. This is the second time, the previous wave was triggered by $TST + broccoli, and this wave was ignited by Abu Dhabi's $2 billion investment in Binance, CZ's new understanding of Meme, with a high demand for BNB, $Mubarak breaking a billion market cap.
I saw something very interesting tonight: In 2017, Larry Fink, CEO of BlackRock, said that Bitcoin is worthless and is just a tool for money laundering; but starting in 2024, BlackRock has purchased the largest amount of Bitcoin in the world, holding 580,000 Bitcoins, worth more than 60 billion, and has joined hands with Wall Street to purchase more than 1.1 million Bitcoins, worth more than 120 billion US dollars, and it is still continuing. Larry Fink admitted that he had made a wrong judgment in the past. BlackRock also suggested that every institution needs to allocate 2-5% of Bitcoin, predicting that Bitcoin will reach more than 700,000 US dollars. And Buffett has been resisting Bitcoin on any occasion, saying that Bitcoin is a junk asset, but Buffett has recently been investing in digital banks such as Brazil, and they are also changing. So don't look at what these financial giants say, but what they do.
There are indeed many opportunities in the cryptocurrency world, but Trump's coin issuance is a once-in-a-lifetime event. One of the biggest beta events...
In one day, a market value of 45 billion USD, recorded in history.
At the final stages of the presidential election, the short-term focus is indeed on the election. Whether Trump or Harris wins will not change liquidity; it is merely a matter of sentiment. As long as it is a bull market, it doesn't matter whether it is Trump or Harris; no one can change this outcome. If it is not a bull market, what does it matter if it's Trump? Trump cannot determine the price of Bitcoin; the height of Bitcoin is determined by the trends of the era. Trump is just adding bricks to the bull market.
The election is just a very important episode in this wave of market trends, and no one can change the outcome. The only thing that can change is if this wave itself is not a bull market, then it’s another story.
Currently, the only liquidity left is the dealers playing against the cheaters; the real gamblers have all been wiped out.
Warning: Trump’s election may lead to a rise in sentiment followed by a decline; Harris’s election poses a direct decline risk.
Odds Discussion: $BTC today reached 71500, long positions have been closed, basically fulfilling the initial layout, the bottom is building higher, if seeking stability, consider going long around 72000, waiting for clearer signals, chasing new highs for better cost-effectiveness, otherwise it's about escaping the peak, I still lean towards breaking historical highs. Upper: 72000, Historical High, 80000 Lower: 69500, 68000, 67000
Maybe BTC will break the 4-year cycle of the cryptocurrency circle because of ETFs and Wall Street. It is finally a bear market, but BTC may not fall as much as before. From the perspective of the Merrill Lynch clock, it is more inclined to be the 2019 stage. In the coming October-before the Spring Festival, there may be a small bull market, the starting point of the market after the halving of the bitcoin + the presidential election. If the US stock market declines next year, it may be the beginning of a nightmare. After the crisis + QE, the real big market will start
The 29,800 $BTC transferred by the US government are still in the transfer state. This is not the first time it has happened. Don't worry too much. It's just emotions that are moving first. If you don't sell, 65,500-66,000 is still a good position. 80,000 in August, the target has not changed
Review of Trump's speech at the Bitcoin Conference tonight: 1. Trump announced that if elected, he would establish a strategic national Bitcoin reserve for the US government. 2. The US government will retain 100% of the Bitcoin it owns and prevent the US government from selling the seized Bitcoin (200,000) 3. Never sell your Bitcoin. After being elected, the US government will be prevented from selling Bitcoin; 4. Bitcoin is gold. Believe in the future of Bitcoin. The market value of Bitcoin will exceed that of gold; 5. Bitcoin is not a threat to the US dollar, but the current government is; 6. After being elected president, a Bitcoin/Cryptocurrency Presidential Advisory Committee will be appointed; 7. In the future, billions of people will enter the crypto field and store funds; 8. On the first day of my election, I will fire Gary Gensler and appoint a new SEC chairman; 9. Bitcoin represents freedom, sovereignty, and independence from government coercion and control; 10. The United States will become the global cryptocurrency capital and the world's Bitcoin superpower. 11. I promise the Bitcoin community that the day I am sworn in, Joe Biden and Kamala Harris’ anti-cryptocurrency campaign will end; 12. There will never be a CBDC during my presidency; 13. Bitcoin is going to the moon
Ethereum ETF has a net inflow of more than $100 million. If Grayscale is not counted, the net inflow is $640 million. At present, the inflow and outflow offset each other, so the price has not risen or fallen. According to Grayscale's speed, it is estimated that it will be digested in 10-15 days and resume the subsequent upward trend of the big cake. Mentougou's BTC and Grayscale's ETH ETF, while Sol has benefited from it and has risen secretly. When will the market take off? After these major events have become negative, I believe there will be a beautiful market in August.
Ethereum's ETF is about to be listed. It seems that everyone thinks it will fall back. I don't think so. Like last year after the Shanghai upgrade, everyone thought that the release of pledges would bring selling pressure, but it rose against the trend. This time Grayscale adjusted the management fee and added Mini ETF, accounting for 20%, 2 billion of 10 billion. According to the logic of Bitcoin ETF, 50% of the selling pressure, Ethereum ETF, will not be too serious, not enough to be dramatic, after all, there will be more Wall Street funds flowing in in the medium and long term. The only problem is that the cost is indeed too low, more than 2.6 million, more than 400 U costs. After listing, the next few billion US dollars will flow into the Ethereum ETF, and at least 10 billion will flow in next year. We can no longer use conventional thinking to look at the currency circle. Think from a different angle. This round is the ETF bull market. At present, the Ethereum ecosystem $ENS $ETHFI $Metis has responded strongly and risen against the trend. At present, the situation is good, and $ETH itself will reach above 3500. After all, it is not a sentiment of good news landing, but it has to face the real data from Grayscale that will crash the market. Has Ethereum ever had good news? At least the price has basically not risen, so how can there be good news landing? 😄 The room for correction is also very limited.
Tonight's CPI data is positive, and the market rate of interest rate cuts in September reached 87%, which is basically set in stone. The big market may not come so soon, but the return of market confidence and sentiment is very important, and everything is moving in a good direction... In addition, 1. ETH ETF; 2. Interest rate cuts; 3. Trump's attendance in 2024; 4. FTX compensation funds return; 5. Presidential election, these potential big positives will stimulate the return of existing funds, activate market sentiment, and enter the KTV carnival
As long as the interest rate is cut in September, $BTC will take off from July to August, aiming at 80,000 or even higher, and then the negative impact will be adjusted back to around 69,000 after the interest rate cut, and it will reach more than 100,000 dollars by the end of the year. We think the probability of this scenario is very high, provided that the interest rate is cut in September. In contrast, 100-120 days after each halving of $BTC, the big market starts...
The distribution of 21 million BTC is as follows: Personal holdings: 57%; Lost BTC: 17.6%; BTC to be mined: 6.6%; Satoshi wallets: 5.2%; BTC ETFs: 3.9%; Companies: 3.6%; Miners: 3.4%; Governments: 2.7%.
Today the European Central Bank cuts interest rates, tomorrow non-agricultural data, CPI on the 12th, PPI on the 13th and interest rate meeting at 2 a.m. on the 13th + Powell's mid-year speech, the end of the month US balance sheet reduction and presidential debate. In the next week, the volatility is relatively large, will it break the historical high or fall back to more than 60,000? It's really hard to trade in coins now. You have to pay attention to these damn data every month, various international situations, various macroeconomics, and the threshold will be higher and higher in the future. It takes too much cognition to make money in the coin circle
Using Mentougou to transfer assets to create panic, although they have been transferred, they will not be sold to the market. The next time will be October 31st, and they will not be sold now, so it is just emotional panic at present. There will be no collapse in the short term!