As Bitcoin achieves unprecedented levels, nearing historic peaks, Changpeng Zhao, the visionary behind Binance and its former CEO, has shared key insights to guide investors through the complexities of the current market landscape. Emphasizing patience and sound strategy, Zhao revisited his famous advice from 2021: "If you can't hold, you can't thrive," reinforcing the critical importance of adopting a long-term investment approach and maintaining disciplined risk management. With Bitcoin breaking past $76,000 and notable altcoins such as ETH, SOL, and ADA experiencing significant upward momentum, Zhao urges investors to proceed with careful consideration:

1. Brace for Market Fluctuations: The crypto market is notoriously volatile. Investors should be ready for both gains and unexpected downturns, understanding that market swings are part of the investment journey.

2. Implement Risk Control: Only allocate funds that you are prepared to lose. A well-diversified portfolio helps mitigate risks and smooth out potential losses.

3. Keep Emotions in Check: Greed and excitement can lead to poor decision-making. Zhao advises maintaining a level-headed approach, especially when faced with sudden price surges or steep declines.

4. Think Before You Act: Avoid snap decisions based on market hype. Staying invested for the long haul often yields better returns than trying to time the market perfectly.

5. Commit to the Long-Term Perspective: Zhao hinted at promising future growth, suggesting that this current surge might only be an early phase of a larger market evolution.

With the crypto market cap hovering around $2.4 trillion, Zhao’s strategic advice serves as a reminder for investors to remain disciplined and grounded. His guidance underscores the importance of careful planning, patience, and a focus on sustained growth during periods of market excitement.

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The U.S. Securities and Exchange Commission (SEC) has approved a rule change, allowing Nasdaq International Securities Exchange to list and trade options for BlackRock's iShares Bitcoin Trust (IBIT), according to PANews. This approval is a pivotal moment for expanding Bitcoin-related derivatives, offering investors new ways to manage their exposure to Bitcoin, the world’s largest cryptocurrency.

BlackRock has been seeking approval for such listings since at least March, following the U.S. launch of several Bitcoin-related ETFs. The SEC's approval came after several amendments by Nasdaq ISE, aimed at mitigating concerns over market manipulation and excessive risk in the emerging cryptocurrency options space.

The approved IBIT options will be physically settled with an American exercise style, providing investors hedging opportunities for Bitcoin exposure. Despite concerns about cryptocurrency derivatives, the SEC cited Nasdaq's real-time monitoring and cross-market surveillance agreements with the Chicago Mercantile Exchange as sufficient safeguards against potential manipulation.

$BTC

Changpeng Zhao, also known as CZ, the co-founder of Binance, is expected to be released from custody on September 29, 2024. CZ was sentenced to four months in prison earlier this year for his role in legal issues surrounding Binance, one of the world’s largest cryptocurrency exchanges. Initially, his release was projected for late August, but the date was extended following adjustments related to his sentencing and prison entry date. Currently, CZ is serving his sentence at a low-security facility in California, though he has been transferred to a halfway house ahead of his full release【16†source】【17†source】.
This release is highly anticipated in the crypto community, as Binance continues to navigate regulatory scrutiny and market challenges in CZ's absence.#TON #BNBChainMemecoins #TelegramCEO #CZBİNANCE #czprison