A panoramic scan of Bitcoin ecological innovative applications The Bitcoin ecosystem is set for a full explosion in 2024: The total amount of Ordinals inscriptions has surpassed 800 million, the number of Lightning Network nodes has reached 150,000, and the TVL of Stacks smart contracts exceeds 15 billion USD. Emerging application scenarios include: 1) The total locked value of DeFi protocols surpasses 20 billion; 2) The daily transaction volume of the NFT trading market is 150 million USD; 3) The domain name system registration volume exceeds 10 million. Institutional layout has clearly accelerated, with Grayscale launching a special fund for the Bitcoin ecosystem and the Chicago Mercantile Exchange listing BRC-20 index futures. The technical bottleneck lies in the limited functions of smart contracts, but new protocols such as RGB++ and BitVM are changing this situation, and more groundbreaking innovations are expected to emerge in 2025. #TradersLeague $USDC
Key Interpretation of Powell's Press Conference After the #鲍威尔发言 FOMC Meeting In the press conference following the September FOMC meeting, Powell made three key statements: 1) The interest rate hike cycle is not over; 2) There will be no rate cuts in 2024; 3) The size of the balance sheet reduction will be halved. He particularly emphasized that the cooling of the real estate market is insufficient, noting that the Case-Shiller home price index is still up 4.3% year-on-year. When asked about the banking crisis, Powell confirmed that new regulations will be introduced, requiring banks with assets over $100 billion to hold more liquid assets. The market reacted sharply, with the 2-year U.S. Treasury yield soaring by 20 basis points in a single day.
#加密概念美股 Marathon Digital (MARA): Bitcoin Mining Leader The largest publicly listed mining company in North America, with a hash rate expected to reach 35 EH/s in 2024, accounting for 5% of the total network. Through innovative energy arbitrage models, it has controlled mining costs at $18,000 per coin (industry average $24,000). In Q2, it produced 3,200 BTC, with 40% of that profit locked in through options hedging. It is transitioning to a "mining as a service" provider and has signed contracts with clients such as Amazon AWS. There is significant valuation controversy, with the current market value being 1.8 times its Bitcoin holdings, reflecting a market premium on its operational capabilities.
Bitcoin ecosystem innovative applications are in full bloom Bitcoin is no longer just 'digital gold'; its ecosystem is thriving in 2024: the total amount of Ordinals inscriptions has exceeded 500 million, the number of Lightning Network nodes has reached 120,000, and the TVL of Stacks smart contracts is over $10 billion. Emerging application scenarios include: 1) Total locked value of DeFi protocols exceeds $15 billion; 2) Daily trading volume of NFT marketplaces reaches $100 million; 3) Domain name system registrations total 8 million. Institutional layout is clearly accelerating, with Grayscale launching a Bitcoin ecosystem special fund and Coinbase listing BRC-20 index futures. The technical bottleneck lies in the limited functionality of smart contracts, but new protocols like RGB++ are changing this situation. #TradersLeague $USDC
Intraday Trading: Efficiently Seizing Short-Term Opportunities My intraday trading system is based on 15-minute charts, focusing on the overlap period of London and New York (Beijing time 20:00-24:00). The main strategies include:
Opening Range Breakout (the high and low of the first 30 minutes as key levels for the day)
VWAP Mean Reversion (reverse trading when the price deviates from VWAP by 2 standard deviations)
Liquidity Zone Trading (identifying large pending order price levels for sniping)Using the TWAP algorithm to execute large orders, with no more than 3 trades in a single day and never holding positions overnight. Over the past 12 months, achieved a 75% win rate on gold and Nasdaq index futures, with a Sharpe ratio of 2.3. The key takeaway is: set the direction in the morning and secure profits in the afternoon.
#GENIUS稳定币法案 Consumer Protection Breakthrough: Milestone Provisions of the GENIUS Act Chapter 4 of the Act establishes the "Stablecoin Consumer Rights Act" with innovative provisions: requiring issuers to provide real-time on-chain reserve verification tools, allowing users to check collateral status at any time; ensuring redemption at a 1:1 ratio within 48 hours; and establishing a "Stablecoin Investor Compensation Fund" (industry contributes 0.2% based on issuance scale). The most deterrent is Article 417, which stipulates that executives who deliberately falsify reserves will face up to 25 years in prison and personal asset forfeiture. At the same time, issuers are required to purchase third-party insurance, covering at least 30% of the circulation. These measures will significantly enhance the security of user funds.
#Metaplanet增持比特币 Metaplanet will issue convertible bonds, with funds used for increasing Bitcoin holdings Metaplanet announced that it will issue $10 million in convertible corporate bonds, with the raised funds primarily used for increasing Bitcoin holdings. The bond has an annual interest rate of 5% and a conversion premium of 20%, with issuance expected to be completed in mid-August. This is the company's first financing specifically for Bitcoin investment, demonstrating the management's strong confidence in digital assets. Analysts predict that this move will result in Metaplanet's Bitcoin holdings exceeding 300 coins by the end of the third quarter.
#越南加密政策 Vietnam Cryptocurrency User Profile The survey shows that the 18-35 age group in Vietnam is the main force in the crypto market, accounting for 72%. The main investment targets are Bitcoin (45%), altcoins (30%), and GameFi tokens (15%). The typical user has a monthly trading volume of about 20 million Vietnamese dong (800 USD), with 51% operating via mobile devices. It is noteworthy that the proportion of female investors in Vietnam (39%) is significantly higher than the global average (23%).
Key Points for Cryptocurrency Tax Compliance 2024 Global Regulatory Dynamics: 1) The US IRS strengthens on-chain transaction monitoring; 2) The EU implements DAC8; 3) Hong Kong improves cryptocurrency tax system. Key Focus Areas: 1) DeFi income reporting; 2) Airdrop tax treatment; 3) NFT trading profit calculation. Recommended Compliance Tools: 1) Koinly for automatic report generation; 2) TokenTax for optimization strategies; 3) Retain transaction records for 7 years. Data shows that professional tax planning can save an average of 25-40% in tax burden, it is advisable to consult a certified cryptocurrency tax advisor. Companies should pay special attention to cross-border tax compliance issues. #TradersLeague $BTC
#特朗普比特币金库 Paradigm Revolution of Digital Assets and Political Power The phenomenon of Trump's Bitcoin vault marks the digital evolution of power forms: 1) Cryptocurrencies become a new medium of political influence; 2) NFTs reconstruct the interaction between politicians and supporters; 3) Blockchain provides financial channels to circumvent traditional regulation. This provokes deep reflection: Does holding decentralized assets mean that the boundary between sovereignty and private rights is dissolving? In the future, there may emerge a 'Blockchain Discipline Committee' specifically auditing politicians' on-chain assets, and the Trump case is just the prologue to this new era. The collision between politics and crypto has only just begun.
Future Outlook: Can Stablecoins Become Cardano's 'Killer App'? If the proposal is successfully implemented, Cardano may achieve:
Stablecoin market cap entering the Top 10 by 2025;
Boosting ADA staking rate to over 75%;
Becoming the infrastructure for cross-border payments in emerging markets.However, the key to success lies in balancing the 'decentralization ideal' with 'real financial needs', which will be the biggest test for the Hoskinson team. #TraderLeague $BTC
#卡尔达诺稳定币提案 Technical Implementation: How to Ensure the Security of Cardano Stablecoins? The proposal emphasizes ensuring that smart contracts are free of vulnerabilities through formal verification (Cardano's core technology). The stablecoin will be built on Plutus scripts, and the collateral pool will be monitored by decentralized oracles, with dynamic fee rates set to adjust supply and demand. For example, when the price deviates from the peg, an arbitrage mechanism or collateral rate adjustment is automatically triggered. This design is theoretically more transparent than Ethereum's DAI, but the actual effectiveness depends on on-chain activity.
Stablecoin War: USDT, USDC, and Emerging Competitors Stablecoins are the cornerstone of the crypto market, with USDT leading at a market cap of 70 billion, but USDC is gaining market share due to its compliance. Decentralized stablecoins like DAI and FRAX adjust supply through algorithms. Recently, PayPal launched PYUSD, intensifying competition as traditional financial giants enter the space. The stability, transparency, and use cases of stablecoins will determine the winner. In the future, who will become the ultimate winner of the 'crypto dollar'? #TradersLeague $ADA
Stablecoin Wars: USDT, USDC, and Emerging Competitors Stablecoins are the cornerstone of the crypto market, with USDT leading at a market cap of 70 billion, but USDC is capturing market share through compliance. Decentralized stablecoins like DAI and FRAX adjust supply algorithmically. Recently, PayPal launched PYUSD, intensifying competition as traditional financial giants enter the fray. The stability, transparency, and use cases of stablecoins will determine the outcome. In the future, who will become the ultimate winner of the 'crypto dollar'? #TradersLeague $BTC
#中心化与去中心化交易所 Centralized Exchange (CEX): Introduction for Beginners Centralized exchanges (such as Binance, Coinbase) are operated by companies, where users need to register an account and entrust their assets, with trading facilitated by the platform. Advantages include high liquidity, convenient fiat deposits, and simple operations, making it suitable for beginners. However, the risk lies in the need to trust the platform, as there have been multiple historical incidents of hacking (such as the Mt. Gox incident) or cases of exit scams. CEX is suitable for quick trading of mainstream coins, but it is recommended to store large amounts of assets in cold wallets, leaving only a small amount of funds for trading.