区块杂谈

Zhao Changpeng's release date is confirmed! It's coming soon!

On July 26, some Binance fans shared their expectations on the X platform that Binance founder Zhao Changpeng planned to complete his sentence on August 30. However, fact checking showed that he would not actually be released on this date.

Back to April 30, US District Judge Richard Jones sentenced Zhao Changpeng to four months in Seattle Prison and recommended that he be sent to Seattle-Tacoma International Airport Prison (Seatac).

This decision initially led to widespread speculation that if Zhao Changpeng was imprisoned immediately, August 30 should be his release date.

But Zhao Changpeng's legal team actively intervened to gain more free time for him.

Their efforts delayed Zhao Changpeng's imprisonment until late May, and he was not stationed in Seatac as originally planned, but was transferred to FCI Lompoc ll, a low-security federal prison three hours north of Los Angeles.

Currently, according to the verification of the prison administration database, Zhao Changpeng is indeed in FCI Lompoc II.

As for his exact release date, unless something unexpected happens, it has been confirmed to be September 29, not August 30 as previously widely circulated.
$BNB

The snift airdrop shows that it has ended, but I can still sign in when I click in. Those who have already done it can try it

Bitcoin plummets again! Who is to blame this time?

Last night, the price of Bitcoin staged a thrilling roller coaster ride, once soaring to a high of $67,087, and then quickly retreating. In the early hours of the morning, Bitcoin failed to effectively push back the support level, the market trend was frustrated, and it may face further downward pressure in the short term. However, every adjustment in the market is a good opportunity for investors to rearrange their positions. As the impact of Grayscale Capital’s sell-off of Ethereum and Mentougou gradually emerged, market sentiment became cautious. Coupled with the uncertainty in European and American stock markets amid expectations of interest rate cuts by the Federal Reserve, capital has begun to seek safe havens, and profit-taking has become a mainstream trend. Tesla's weak performance has made matters worse, becoming the trigger for the withdrawal of market capital. Although the Fed's interest rate cut policy cannot immediately boost the market, it will provide a window for capital to find low-price buying opportunities, and the main capital will patiently wait for the best opportunity.
This week, market volatility has intensified significantly, and risks and opportunities coexist. For investors with low risk tolerance, the risk of futures trading has been higher than last week, and it is recommended to avoid it temporarily. At the same time, investors should pay close attention to the golden hours of market trading: 5:00-7:00 in the morning, 12:30-13:30 noon, and 18:30-19:45 in the evening. There are abundant trading opportunities during these periods, which are closely related to those in the United States, Asia, and Europe. The trading times of the main players in Asia, Europe and the United States coincide, which is an excellent opportunity to capture the pulse of the market.
At 1:00 in the morning, the market enters a critical turning point. Investors need to adjust their work and rest to avoid impulsive operations late at night, because this is when the U.S. market is most volatile. The current market correction provides a rare opportunity for spot layout.
Most altcoins have fallen back to the price before the middle of the month, but the trough of this market may also herald a strong rebound in the future. The main weekly rise from October to March may be after this wave of bad news is exhausted. of dawn.
For investors, now is a time to test their courage and wisdom. Every time the market falls, ETF inflows increase, and the market gradually shows signs of strength. There are fewer and fewer opportunities for heavy volume declines. Investors should seize the opportunity and get on the train at the right time. The Mentougou incident may become the last excellent entry opportunity. In the ever-changing market, only by staying calm and analyzing rationally can you be a sure winner in the cryptocurrency wave.
$BTC

Chinese people cheer! JD.com is going to issue a stablecoin!!!

JD.com Group will launch a cryptocurrency stablecoin pegged 1:1 to the Hong Kong dollar in Hong Kong. JD.com CoinChain Technology has been approved by the Hong Kong Monetary Authority to become one of the three issuers under sandbox supervision. The sandbox supervision is an experimental project of the Hong Kong Monetary Authority, which aims to test the scenario application of cryptocurrency stablecoins. The three issuers need to test the business model within the specified scope and communicate and coordinate with the HKMA on the proposed regulatory system.

Binance CEO: Don't panic! Bitcoin will soar after halving!

Binance CEO Richard Teng said on X that the market is cyclical and it is not uncommon to experience ups and downs. It is very important to look at the long term when making investment decisions. Here is a reminder that it has only been 3 months since the most recent Bitcoin halving. At the end of the article, he attached a picture of the increase in Bitcoin 6 to 12 months after each halving. Among them, the increase in the year after the halving in 2012 was 7043%, the increase in the year after the halving in 2016 was 289%, and the increase in the year after the halving in 2020 was 559%.
$BTC

Why is the Fed’s interest rate cut not necessarily good for Bitcoin?

Recent data suggests the Federal Reserve is increasingly likely to begin cutting interest rates this year, with September being the most likely, catering to cryptocurrency bulls’ long-standing expectations for a more risk-tolerant macroeconomic environment.

It is widely believed that rate cuts will increase fiat liquidity, thereby boosting demand for riskier investments such as Bitcoin (BTC).

While this logic holds true, markets may have already priced in the impact of any easing.

Rate cut expectations have dominated sentiment in both crypto and traditional markets since the second half of 2022 and have been one of the key drivers of Bitcoin's surge from 2022 lows near $15,000 to this year's all-time high above $73,000.

Therefore, an actual rate cut may not trigger a strong reaction from the market. (Similar to the realization of expectations) What deserves more attention is the background of the interest rate cut. If the interest rate cut occurs during a period of low inflation and economic prosperity, the stimulating effect of asset prices may be more significant.

However, if the rate cut comes as signs of economic weakness emerge, it could send a negative signal, prompting investors to shift funds from riskier assets to safer assets such as government bonds.

The founder of 10x Research said in a report: “If the Fed cuts interest rates in September 2024 simply because of inflation concerns, this may have a short-term benefit for Bitcoin. But if economic growth concerns push for a rate cut, whether in September or Even later, Bitcoin may face significant selling pressure.”

Historically, Bitcoin has seen its largest gains when the Federal Reserve pauses its rate hike cycle. A first rate cut usually elicits a tepid response. For example, Bitcoin rose +19% in the week after the interest rate cut on July 31, 2019. However, Bitcoin’s gains have flattened two weeks later, with rate cuts in the second half of 2019 due to economic uncertainty and causing BTC prices to fall. Data shows that the price of cryptocurrencies fell by 33% in the second half of the year.

The U.S. economy was in the late stages of expansion at the end of the second quarter, according to the Business Cycle Tracker. Leading indicators such as new orders for consumer goods and materials and consumer confidence point to weakness ahead.

If weakness becomes more pronounced in the coming months, rate cuts will do little to help risk assets including BTC
$BTC

The super bull is here! Ethereum ETH is officially approved! ! #以太坊ETF批准预期

The U.S. Securities and Exchange Commission (SEC) has notified at least two of the eight companies that applied to launch the country's first spot Ethereum ETF that their products can start trading on Tuesday (July 23). Products from BlackRock, VanEck and six other companies will start trading on three different exchanges on Tuesday morning: the Chicago Board Options Exchange (CBOE), Nasdaq and the New York Stock Exchange, all of which confirmed that they are ready to start trading. Bloomberg ETF analyst Eric Balchunas said: "The spot Ethereum ETF has been effective with the SEC. Form 424(b) is being submitted in succession. This is the last step, which means everything is ready to start trading at 9:30 a.m. on Tuesday (9:30 p.m. Beijing time tonight). Game on."
$ETH

The government holds 200,000 Bitcoins! Bitcoin may become a reserve currency!!!

CNBC discussed the possibility of the US government using Bitcoin as a reserve currency. Relevant commentators said that relevant news has been circulated on the X platform. The US government is currently one of the largest holders of Bitcoin (about 200,000 Bitcoins). Although this is difficult to achieve, it is not impossible because they can transfer these Bitcoins to the US Treasury. If the US government holds Bitcoin for a long time, it will have a positive effect on the market.
$BTC

Biden gives up the campaign, it's too late to get on the BTC train!!! $BTC

After Biden announced that he would give up his re-election bid, although the price of Bitcoin fell briefly, it quickly resumed its upward trend.

As the market reacted to the news of Biden's withdrawal from the election, the world's largest cryptocurrency recovered from its earlier losses and is currently hovering around $68,000 in the New York market.

Tony Sycamore, a market analyst at IG Australia Pty, said that Bitcoin's rise reflects that "in the eyes of the market, the Democrats under Kamala Harris cannot surpass Trump in the White House race, and Bitcoin is seeing a new dawn under the leadership of a US president who supports cryptocurrency."

On the social platform X, Elon Musk changed his profile picture to a picture with laser eyes, which is generally considered to be a symbol of support for Bitcoin, and popular crypto accounts are celebrating Bitcoin's rapid rise.

"We expect the market to become more investable under the Trump administration," said Benjamin Selemajer, co-chief investment officer at Magnet Capital. He said he expects tokens with "real value drivers" to perform well, citing tokens associated with Maker, Aave and Lido protocols as examples.

Trump has leaned clearly in favor of cryptocurrencies over the past few months, and he is scheduled to speak at a major Bitcoin conference in Nashville on July 27.

In contrast, "we know very little about Kamala Harris' position on cryptocurrencies, and she has expressed little support or opposition to the industry," said Magnet Capital's Selemajer.

Activity in the over-the-counter options market suggests that Bitcoin could soon revisit its all-time highs, said Teong Hng, CEO of crypto investment firm Satori Research. Rising interest in call options with a $100,000 strike price for December 2024 suggests that institutional investors are becoming more bullish. He said he "expects a strong year-end rally following a Trump win." Bitcoin has performed relatively strongly over the past week as calls for Biden to withdraw have increased in frequency and intensity, in contrast to weakness in the stock market.$BTC

Newcomer in the cryptocurrency circle! Earn 5070 times by holding the coin for 4 months

According to on-chain analysts, an early PEPE investor transferred 451.1 billion PEPE to a new address after four months of dormancy, worth 4.24 million US dollars, with a floating profit of 5070 times.
#PEPE

Crypto Spring is really here! Global giants support cryptocurrency

"We expect the market to become much more investable under the Trump administration," said Benjamin Celermajer, co-chief investment officer of Magnet Capital. He said he expects tokens with "real value drivers" to outperform, citing tokens associated with Maker, Aave and Lido protocols as examples. Benjamin Celermajer added that, by contrast, little is known about Harris's position on cryptocurrency, and she has neither expressed much support nor opposition to the industry.
$BTC
$BNB
$ETH

The Hong Kong Financial Services and the Treasury Bureau (Treasury Bureau) and the Hong Kong Monetary Authority (HKMA) jointly issued a consultation conclusion on July 17 on the legislative proposals for the implementation of a regulatory system for fiat currency stablecoin issuers in Hong Kong. And on July 18, the list of participants of the stablecoin issuer's sandbox was announced, including: JD Coin Chain Technology (Hong Kong) Co., Ltd.; Yuancoin Innovation Technology Co., Ltd.; and Standard Chartered Bank (Hong Kong) Co., Ltd., Ansu Group Ltd., Hong Kong Telecommunications (HKT) Limited.

Wang Yang, chief scientific advisor of the Hong Kong Web3.0 Association, angel investor Cai Wensheng, Lei Zhibin, founder of Block City Web3.0 Technology Company, and Wen Yizhou, a doctoral student at the Hong Kong University of Science and Technology, published policy recommendations in Ta Kung Pao, proposing that Hong Kong issue foreign exchange Reserve-backed Hong Kong dollar stablecoin.

The article stated that stablecoins, a tool that plays a bridge role between traditional finance and the digital economy, have become an important issue in Hong Kong's promotion of the development of digital assets. Stablecoins play a role that cannot be ignored in the digital financial ecosystem.

Hong Kong's issuance of its own currency's stablecoin will not only help consolidate Hong Kong's blockchain leadership, but also promote the progress of the digital Hong Kong dollar, improve transaction efficiency, reduce transaction costs, improve the current payment system, and further strengthen Hong Kong's financial technology strength.

At the same time, the Hong Kong dollar stable currency can improve the efficiency and inclusiveness of Hong Kong's financial system. Its stability, free convertibility, high security, high openness and cross-border liquidity can provide support for a wider range of financial innovation. The launch of the Hong Kong dollar stable currency will undoubtedly inject new impetus into Hong Kong's economy and help enhance Hong Kong's competitiveness in the digital economy era.

The article "strongly calls on" the SAR government to issue a Hong Kong dollar stable currency (hereinafter referred to as HKDG, where G represents the government) backed by Hong Kong's foreign exchange reserves.

The Hong Kong dollar stablecoin endorsed by the government will have double guarantees: first, it will benefit from government supervision; second, it will benefit from the information transparency and non-tamperability brought by the blockchain contract.

They believe that the SAR government’s current plan is limited to allowing and encouraging private institutions to issue Hong Kong dollar stablecoins. In our opinion, this measure is too conservative and cannot be coordinated with the SAR government’s large-scale plan to promote digital assets and digital economy.

The snift airdrop has 359 points, and this time I can successfully reach 400. I hope the token will have a suitable price so that I can go from pork leg rice to delicious lobster. There are not many days left, just do it.
Retail investors remember to buy more $BNB , take care of yourself, pay less attention to your account and wait for airdrops

The biggest pleasure of BNB for me is that I don’t know what happened, but the airdrop has automatically arrived in my account, and I just bought BNB and deposited it into my current account #币安HODLer空投BANANA #BNB

Big news for BNB: Binance is allowed to invest customer funds in U.S. Treasury bills, and the price of BNB soars.

After a year of intense scrutiny of Binance’s U.S. operations, a court has finally given the go-ahead for Binance to invest customers’ fiat funds in U.S. Treasury bills (T-Bills).

The decision caused a significant recovery in the price of Binance’s native token, Binance Coin (BNB), reaching the $600 level.

Court Grants Binance BAM Subsidiary’s Request for Relief According to court documents, BAM Trading Services and BAM Management US Holdings (collectively, BAM) filed a motion.

After deliberation, the court approved the request, allowing Binance’s U.S. subsidiary BAM to hire a third-party investment adviser to manage the company’s assets and paving the way for customers’ legal funds to be invested in U.S. Treasury securities.

Under the court-approved arrangement, BAM can invest a portion of client fiat funds currently held in BitGo into U.S. Treasury securities every four weeks. However, to ensure compliance, BAM prohibits any third party, including Binance entities, from participating in these investments.

Previously, Binance agreed to pay a $4.3 billion settlement to the U.S. government in November last year, which was subsequently approved by the court.

The settlement includes $2.5 billion in forfeiture and $1.8 billion in fines. As part of the agreement, former CEO Changpeng Zhao (CZ), who faces charges of violating the Bank Secrecy Act, agreed to resign.

Zhao Changpeng is currently serving a four-month sentence.

Currently trading at $597, BNB’s price has risen by more than 5% on the news, having fallen to a low of $455 on July 5.

However, over the past two weeks, the coin has also seen significant gains as the overall market recovered.

Cryptocurrency analyst Rekt Capital has provided insights into Bitcoin’s future trajectory. According to his analysis, the flagship cryptocurrency may not be ready for the next leg up that could see it climb back above $70,000. Bitcoin Not Ready to Establish $65,000 as New Support Rekt Capital claimed in an X (formerly Twitter) post that Bitcoin is not ready to successfully retest $65,000 as a new support level. The analyst said that for the cryptocurrency to establish $65,000 as a new support level, it would need to undergo a retest similar to what occurred in May earlier this year. According to Rekt Capital, this would confirm a breakout above the $65,000 to $71,500 area.

Bitcoin’s move above $65,000 is crucial as it would also confirm that the downtrend is over as the flagship cryptocurrency still faces the risk of falling to the $60,000 range, but still below $65,000. Meanwhile, as Rekt Capital points out, Bitcoin holding the $65,000 support level means it is ready to revisit previous highs above $70,000.  

Bitcoin breaking through $70,000 and reaching highs of $71,500 would inspire confidence among investors that the bull run has begun again. Crypto expert Michael van de Poppe previously highlighted that the $70,000 range is the level for Bitcoin to break through the current all-time high (ATH) of $73,750.

Today is July 18, 2024, Thursday. The trend of Bitcoin is still very strong. After a small-level pullback, it turned up directly. The current price remains around $65,000. However, for those who have been chasing the rise in the past few days, they are beginning to worry again, because there are still many doubts about the subsequent market, worrying about missing out, and afraid of continuing to fall.

The truth is always confusing, so there is no need to worry about it. Instead of being frightened, it is better to calm down and summarize your past, why you can't grasp every opportunity.

Before each rise in the market, it will inevitably make the market fall into deep fear. During the period when everyone is hesitant, it will slowly raise the bottom and break through the key pressure level bit by bit.

On the other hand, the current wave of rise is actually the same. 60,000 US dollars is a watershed. It is slow when it falls, but it is smooth when it rises. The purpose of the conversion between the two is to firmly trap those who chase shorts and speculators below, and then start a period of oscillation at the next key position, slowly torturing them. When these people can't stand it and start to sell, the main force will take advantage of the situation to break through the next key pressure point.

So I personally think that the current oscillation is actually a way of trading by the main force. Only those who can really understand the trend and have the main force thinking can get a share in the subsequent market!

With the end of the European Cup, a large amount of funds will flow back to the currency circle, injecting new vitality into the market. In addition, Trump's support rate for the presidential campaign has also brought benefits to the market. The interest rate cut in September is approaching, which will further stimulate economic growth and bring greater vitality to the market.

Finally, the presidential election in the United States is getting closer and closer, and the clarity of the political situation will also bring greater certainty to the market.

The overall market trend of the investment market in the second half of the year is upward! The biggest and only negative news known now is the Mentougou compensation. However, the selling pressure should be smaller than that of the German government. The reason has been mentioned in our previous article. The problem is actually not that big.

I have received 300 points in this Snift airdrop event. I don't know how many points I can get. How many points do you have? I should have more than 400 points by the end.

Bitcoin may encounter another catastrophe! A bigger bomb than the German sell-off is on the way!

According to a post by Trader T on a social platform, after a week of strong selling by the German government, Mt. Gox in Mentougou may become the next strong seller. Mt. Gox should repay a total of 14,100 bitcoins, and the repayment ratio should be no less than 80% before November this year. The repayment discount rate is 89%, so Mt. Gox will sell at most 100,392 BTC before November.

Given its dispersed ownership, the possibility of large-scale liquidation is low. According to the worst-case scenario that can be predicted, Mt. Gox will sell 80% of its bitcoins, which may bring $4.62 billion in liquidation pressure.
Do you think BTC will fall if it encounters the Mentougou sell-off of bitcoins?

#STRUMP STRUMP future price expectations

The recent armed attack on former U.S. President Donald Trump triggered huge volatility in the cryptocurrency market.

Although Trump was only slightly injured, his political influence increased significantly ahead of the November election, causing altcoin prices to rise sharply.

For example, the price and trading volume of MAGA and Super Trump tokens increased by 30% and 10% respectively.

Meanwhile, investors continue to look for cost-effective entry points into the market.

Some investors are eyeing tokens priced below 1 cent, which are believed to have the potential to deliver substantial returns.

Today’s analysis focuses on the cheap token STRUMP:

The price of Super Trump Token has increased significantly, and all previous Trump-related tokens such as DJT Meme Token, MAGA, etc. have also experienced significant increases. These tokens continue to attract attention.

Part of the increase in price was due to Trump being hit by a bullet in the ear, which, although not fatal, spattered blood in an incident that has been dubbed an "assassination" attempt.

The value of the Super Trump token immediately increased by 36% following the event, and although after a brief fluctuation, it is currently trading at 21.88% higher than 24 hours ago.

The coin’s price has increased by 206.28% in the past seven days, and this price increase has been accompanied by a significant increase in trading activity, with trading volume increasing by more than 81%.

STRUMP, meanwhile, has started to rebound after lingering in the consolidation zone for quite some time.

The coin is forming an interesting pattern on the one-day time frame, which is in the green.

Additionally, STRUMP bulls are pushing Super Trump price to trigger a breakout that could see it break out of the dominant pattern.

If bulls are able to initiate bullish momentum, STRUMP could make a decisive move above the channel centerline.

Therefore, at this level the coin can be seen holding steady before breaking out above the $0.01076 mark.

However, to do this and continue the upward trend, Super Trump must break above $0.01246.