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Meme super cycle, the prelude to the crypto explosion!
What is the meme super cycle?
In this round of the market, it seems that meme's performance far exceeds other tracks, performing better than projects in public chains, modularization, and depin.
What is the reason behind this round of meme surges?
Regarding the reasons for the meme surge, most people believe it is due to fairness, concept, and community.
Let's first talk about fairness: retail investors believe fairness means everyone gets the same price for their chips because many memecoins are fairly launched, where everyone mints at the same time.
To further discuss concepts: Is the concept the core reason for a memecoin's rise? Not necessarily. The first counterexample is the ancestor of meme coins, Dogecoin. The concept of Dogecoin has changed over its development cycle. Initially, it was a satire of Bitcoin, later when Musk got involved, it became a potential payment coin for Tesla. After Tesla and Musk stopped discussing Dogecoin, it became a representative of the free community. Therefore, in the relationship between the success of Dogecoin and its concept, the concept is a follower of Dogecoin; the success of Dogecoin refined the concept, not the other way around. Thus, the concept cannot be considered the main reason for a memecoin's success.
In this round of the market, it seems that meme's performance far exceeds other tracks, performing better than projects in public chains, modularization, and depin.
What is the reason behind this round of meme surges?
Regarding the reasons for the meme surge, most people believe it is due to fairness, concept, and community.
Let's first talk about fairness: retail investors believe fairness means everyone gets the same price for their chips because many memecoins are fairly launched, where everyone mints at the same time.
To further discuss concepts: Is the concept the core reason for a memecoin's rise? Not necessarily. The first counterexample is the ancestor of meme coins, Dogecoin. The concept of Dogecoin has changed over its development cycle. Initially, it was a satire of Bitcoin, later when Musk got involved, it became a potential payment coin for Tesla. After Tesla and Musk stopped discussing Dogecoin, it became a representative of the free community. Therefore, in the relationship between the success of Dogecoin and its concept, the concept is a follower of Dogecoin; the success of Dogecoin refined the concept, not the other way around. Thus, the concept cannot be considered the main reason for a memecoin's success.
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Global Liquidity Injection, This Opportunity Cannot Be Missed!
Global liquidity injection has begun.
Recently, many people are concerned about the Fed's interest rate cuts, especially many influencers analyzing it extensively, yet still failing to clarify whether the Fed's rate cuts are a good or bad thing.
The reason is also straightforward; according to the Merrill Clock theory, there will still be a wave of recession in the future. The only uncertainty is when this wave will land.
The Fed's interest rate cut cycle has become quite clear. First, they cut by 50 basis points in September, and Powell subsequently mentioned that there would be two more cuts totaling another 50 basis points by the end of the year. In September, during the month when the Fed cut rates, global central banks conducted a total of 21 rate cuts, the highest number since the COVID-19 pandemic and the third highest since the financial crisis. Even the usually steady Chinese government couldn't sit still and announced the 924 new policy at the end of September, declaring to the world that we also want to inject liquidity! This led to a frenzy among retail investors in the A-shares, with them rushing into Hong Kong stocks during the National Day holiday when the A-shares market was closed.
Recently, many people are concerned about the Fed's interest rate cuts, especially many influencers analyzing it extensively, yet still failing to clarify whether the Fed's rate cuts are a good or bad thing.
The reason is also straightforward; according to the Merrill Clock theory, there will still be a wave of recession in the future. The only uncertainty is when this wave will land.
The Fed's interest rate cut cycle has become quite clear. First, they cut by 50 basis points in September, and Powell subsequently mentioned that there would be two more cuts totaling another 50 basis points by the end of the year. In September, during the month when the Fed cut rates, global central banks conducted a total of 21 rate cuts, the highest number since the COVID-19 pandemic and the third highest since the financial crisis. Even the usually steady Chinese government couldn't sit still and announced the 924 new policy at the end of September, declaring to the world that we also want to inject liquidity! This led to a frenzy among retail investors in the A-shares, with them rushing into Hong Kong stocks during the National Day holiday when the A-shares market was closed.
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Trending
Telegram’s fate is already determined
Recently, another big shot in our crypto industry has been staked for mining, he is Pavel Durov, the founder of Telegram and Ton.
Although he is out on bail now, he still cannot leave France. He will be waiting for trial in France like Huawei's Meng Wanzhou in Canada.
How important is this person?
Telegram is now the fourth most popular social software in the world, with 900 million monthly active users, second only to WhatsApp, WeChat, and Facebook.
Therefore, Pavel's status in the traditional Internet world is probably equivalent to that of Zuckerberg or Ma Huateng.
Although he is out on bail now, he still cannot leave France. He will be waiting for trial in France like Huawei's Meng Wanzhou in Canada.
How important is this person?
Telegram is now the fourth most popular social software in the world, with 900 million monthly active users, second only to WhatsApp, WeChat, and Facebook.
Therefore, Pavel's status in the traditional Internet world is probably equivalent to that of Zuckerberg or Ma Huateng.
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Xiaozai report letter
Today is really explosive. Zuckerberg actually reported US President Biden by his real name!
I took a quick look and found that Zuckerberg's letter mainly contained two pieces of evidence:
First, before the 2020 election, the FBI asked Facebook to remove a story involving corruption in the Biden family, claiming it was false information released by Russia. But it was later discovered that the story was not false information, and the New York Post later broke the news.
Another solid evidence is that in the last presidential election, remote voting was adopted due to the epidemic, and Zuckerberg, as a technology giant, was deeply involved. He originally wanted to distribute these facilities indiscriminately everywhere, but in fact it was beneficial to the Democratic Party.
I took a quick look and found that Zuckerberg's letter mainly contained two pieces of evidence:
First, before the 2020 election, the FBI asked Facebook to remove a story involving corruption in the Biden family, claiming it was false information released by Russia. But it was later discovered that the story was not false information, and the New York Post later broke the news.
Another solid evidence is that in the last presidential election, remote voting was adopted due to the epidemic, and Zuckerberg, as a technology giant, was deeply involved. He originally wanted to distribute these facilities indiscriminately everywhere, but in fact it was beneficial to the Democratic Party.
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Trending
Uncovering North Korea’s Crypto Industry
Powell’s speech triggered a wave of gains in BTC. In the past few days, many altcoins have begun to rebound rapidly, and many friends feel that the bull market is coming back.
Today we are not talking about bulls, but about North Korea, which seems to have no connection with BTC.
Previously we mentioned countries that crack down on Bitcoin:
Some of my friends are particularly interested in North Korea.
Da Piaoliang did some research and found that North Korea is indeed a very interesting country.
First, it is the only country in the world that prohibits the use of the Internet. Only people with special permission can access the Internet. According to South Korea's JoongAng Ilbo, there are less than a thousand Internet users in North Korea.
Today we are not talking about bulls, but about North Korea, which seems to have no connection with BTC.
Previously we mentioned countries that crack down on Bitcoin:
Some of my friends are particularly interested in North Korea.
Da Piaoliang did some research and found that North Korea is indeed a very interesting country.
First, it is the only country in the world that prohibits the use of the Internet. Only people with special permission can access the Internet. According to South Korea's JoongAng Ilbo, there are less than a thousand Internet users in North Korea.
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Which other countries in the world are cracking down on Bitcoin?
A few days ago, Russia announced that mining is legal, and now there is one less country cracking down on Bitcoin.
Someone made a picture showing attitudes towards Bitcoin around the world:
The various colors in the above picture represent the legal status of Bitcoin in the region:
This picture is actually a bit outdated. Russia should be considered yellow now.
From the map, the main red banned countries are:
China, North Korea, Afghanistan, Egypt, Algeria, Morocco, etc.
There is no ban in any country in Europe or America, and the countries that have issued bans are mainly in Asia and Africa.
Everyone should be more clear about the situation in China. Let’s talk about why Bitcoin is banned in other countries.
Someone made a picture showing attitudes towards Bitcoin around the world:
The various colors in the above picture represent the legal status of Bitcoin in the region:
This picture is actually a bit outdated. Russia should be considered yellow now.
From the map, the main red banned countries are:
China, North Korea, Afghanistan, Egypt, Algeria, Morocco, etc.
There is no ban in any country in Europe or America, and the countries that have issued bans are mainly in Asia and Africa.
Everyone should be more clear about the situation in China. Let’s talk about why Bitcoin is banned in other countries.
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💰Sorting out several spot currencies for your attention:
👉WIF: The altcoin with the largest increase in the first half of the year, the solana ecosystem MEME concept currency, has recently seen the main buying and increased holdings;
👉ENS: ETH domain name concept, a currency that is relatively resistant to declines this year. When the overall market is relatively sluggish, its market performance often has strong pull-up behavior;
👉TON: With a wide variety of ecosystems, especially driven by recent small games, the number of users has steadily increased, and the future is promising!
🔥Choose the right point to increase your position, and the estimated rate of return for this round is: 50%-200%!
$TON $WIF $ENS $BTC
👉WIF: The altcoin with the largest increase in the first half of the year, the solana ecosystem MEME concept currency, has recently seen the main buying and increased holdings;
👉ENS: ETH domain name concept, a currency that is relatively resistant to declines this year. When the overall market is relatively sluggish, its market performance often has strong pull-up behavior;
👉TON: With a wide variety of ecosystems, especially driven by recent small games, the number of users has steadily increased, and the future is promising!
🔥Choose the right point to increase your position, and the estimated rate of return for this round is: 50%-200%!
$TON $WIF $ENS $BTC
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Trump boosts the rise of Polymarket!
In the past few months, Trump has made MEME coins and NFTs related to him popular. This is not difficult to understand, after all, Trump himself is involved. But there is another project that has nothing to do with Trump, but it also eats Trump's food!
According to Dune data, Polymarket's trading volume and active users have skyrocketed since May, with July's trading volume reaching $118 million, a record high for the month. The time when Polymarket's data skyrocketed and Trump's actions were highly coincidental.
Why do we say that Polymarket is a product of the King of Knowledge? To better answer this question, we must first understand what Polymarket does.
According to Dune data, Polymarket's trading volume and active users have skyrocketed since May, with July's trading volume reaching $118 million, a record high for the month. The time when Polymarket's data skyrocketed and Trump's actions were highly coincidental.
Why do we say that Polymarket is a product of the King of Knowledge? To better answer this question, we must first understand what Polymarket does.
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Trending
BTC mining is dead, Bitcoin is facing a major crisis!
As an old miner, I may have to stop my BTC mining.
Reason 1:
Because my machine is not profitable, it has been halved, the output has decreased, the electricity cost has not changed, the currency price has not increased, and there is no profit. So why not buy a new upgraded machine?
Reason 2, a phenomenon scares me:
What does it mean that the computing power of the entire network has not decreased after the halving? A large number of machines should have been eliminated and shut down, but they were not. In other words: only my machine was shut down because it was not profitable, but others did not shut down and they continued to operate.
01 Who left the phone on? Is it because their electricity bill is lower than mine?
Reason 1:
Because my machine is not profitable, it has been halved, the output has decreased, the electricity cost has not changed, the currency price has not increased, and there is no profit. So why not buy a new upgraded machine?
Reason 2, a phenomenon scares me:
What does it mean that the computing power of the entire network has not decreased after the halving? A large number of machines should have been eliminated and shut down, but they were not. In other words: only my machine was shut down because it was not profitable, but others did not shut down and they continued to operate.
01 Who left the phone on? Is it because their electricity bill is lower than mine?
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This guy met CZ playing cards more than a decade ago and is now a director of Binance
Athena、Sei、Saga、Aethir、Berachain！
I believe our friends in the crypto circle are no strangers to these projects, right?
Behind these star projects, there is investment from the same fund, No Limit Holdings. As a fund that was only established at the end of 2022, this fund has performed very well. Previously, the well-known data platform rootdata counted the proportion of Binance mining on the portfolios of major funds, and Binance Labs, which ranked first, only had 11%.
The probability of listing on Binance in No Limit Holings' Portofoli has actually reached 11%, which is almost the same as Binance Labs and far exceeds other funds.
I believe our friends in the crypto circle are no strangers to these projects, right?
Behind these star projects, there is investment from the same fund, No Limit Holdings. As a fund that was only established at the end of 2022, this fund has performed very well. Previously, the well-known data platform rootdata counted the proportion of Binance mining on the portfolios of major funds, and Binance Labs, which ranked first, only had 11%.
The probability of listing on Binance in No Limit Holings' Portofoli has actually reached 11%, which is almost the same as Binance Labs and far exceeds other funds.
See original
BTC surges after rate cut? Wrong! It can double BTC!
The recent trend of Bitcoin can be said to have experienced two extremes:
After the CPI data for June came out, BTC immediately shot up a big positive line from 67,000 to 70,000. After Powell started speaking, it went directly from nearly 70,000 to 65,000, which was a world of difference. Recently, the price of Bitcoin even fell below the 60,000 US dollar mark.
Speaking of the three major positive factors for Bitcoin this year: spot ETF, Bitcoin halving, and Federal Reserve interest rate cut, two of the three have already been achieved.
After the Bitcoin spot ETF was approved in January, the price of Bitcoin soared from 30,000 to more than 40,000 US dollars. In April, when Bitcoin was halved, the price of Bitcoin broke through the 60,000 US dollar mark, and has been consolidating between 60,000 and 70,000 since then.
After the CPI data for June came out, BTC immediately shot up a big positive line from 67,000 to 70,000. After Powell started speaking, it went directly from nearly 70,000 to 65,000, which was a world of difference. Recently, the price of Bitcoin even fell below the 60,000 US dollar mark.
Speaking of the three major positive factors for Bitcoin this year: spot ETF, Bitcoin halving, and Federal Reserve interest rate cut, two of the three have already been achieved.
After the Bitcoin spot ETF was approved in January, the price of Bitcoin soared from 30,000 to more than 40,000 US dollars. In April, when Bitcoin was halved, the price of Bitcoin broke through the 60,000 US dollar mark, and has been consolidating between 60,000 and 70,000 since then.
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Chen Weixing, an early investor in Binance & ByteDance and founder of Kuaidi Dache, is firmly bullish on BTC!
This article is a transcript of a video interview with Chen Weixing by Piaoliangshuo.
Big beautiful:
Today we are very lucky to have invited Chen Weixing, the big boss of WEB1/WEB2/WEB3.
01 Comments on Zhang Yiming and Zhao Changpeng
Big beautiful:
In fact, you may not know that Brother Weixing has actually invested in Zhang Yiming, the founder of ByteDance, and Zhao Changpeng, the richest Chinese in our industry.
Regarding the successful investment experience of these two companies, I would like to ask Brother Weixing, do you have any evaluation of the founders of these two companies, that is, which one is stronger and which one is weaker?
Big beautiful:
Today we are very lucky to have invited Chen Weixing, the big boss of WEB1/WEB2/WEB3.
01 Comments on Zhang Yiming and Zhao Changpeng
Big beautiful:
In fact, you may not know that Brother Weixing has actually invested in Zhang Yiming, the founder of ByteDance, and Zhao Changpeng, the richest Chinese in our industry.
Regarding the successful investment experience of these two companies, I would like to ask Brother Weixing, do you have any evaluation of the founders of these two companies, that is, which one is stronger and which one is weaker?
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Why did BTC fall so sharply? How big is the negative impact of the Mt.Gox compensation?
I have briefly sorted out and analyzed the negative news about Mentougou's repayment and shared it with you:
①Mt.Gox will start the repayment of BTC and BCH in early July. The information has been confirmed and the repayment will be carried out in order.
② We checked the relevant data and found that the Mt.Gox trustee address holds more than 140,000 BTC, accounting for 0.72% of the circulation, with a value of about US$9 billion. This is equivalent to offsetting more than half of the ETF net inflow (because the combined net inflow of Grayscale GBTC outflow and other ETFs in the past five months is less than 300,000).
③About 940,000 bitcoins were stolen from Mt. Gox in 2014, which were worth $424 million at the time. Currently, more than 140,000 bitcoins have been recovered. Although only 15% has been recovered, creditors calculated in US dollars have gained more than 140 times the profit.
①Mt.Gox will start the repayment of BTC and BCH in early July. The information has been confirmed and the repayment will be carried out in order.
② We checked the relevant data and found that the Mt.Gox trustee address holds more than 140,000 BTC, accounting for 0.72% of the circulation, with a value of about US$9 billion. This is equivalent to offsetting more than half of the ETF net inflow (because the combined net inflow of Grayscale GBTC outflow and other ETFs in the past five months is less than 300,000).
③About 940,000 bitcoins were stolen from Mt. Gox in 2014, which were worth $424 million at the time. Currently, more than 140,000 bitcoins have been recovered. Although only 15% has been recovered, creditors calculated in US dollars have gained more than 140 times the profit.
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BTC long-term holders sold $1.2 billion, a record high!
CryptoQuant data: In the past two weeks, long-term Bitcoin holders sold $1.2 billion, a record high, and ETFs had a net outflow of $460 million.
Judging from the data, the current large-scale selling means that some long-term holders and medium- and short-term ETF holders are cautious about the future trend of BTC, or they choose to take profits and reduce their holdings at high levels to deal with potential market risks.
We need to note that if this $1.6 billion sell-off is not absorbed in the OTC market, it will flow into the exchange, further increasing the supply of Bitcoin balances on the exchange, which will put downward pressure on the market.
Judging from the data, the current large-scale selling means that some long-term holders and medium- and short-term ETF holders are cautious about the future trend of BTC, or they choose to take profits and reduce their holdings at high levels to deal with potential market risks.
We need to note that if this $1.6 billion sell-off is not absorbed in the OTC market, it will flow into the exchange, further increasing the supply of Bitcoin balances on the exchange, which will put downward pressure on the market.
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As the European Cup begins, which tokens are worth paying attention to?
Every time there is a football match, there is a rotation of football tokens in the cryptocurrency circle. In the World Cup two years ago, POR, endorsed by Cristiano Ronaldo, soared 119% before the start of the game, and various other fan tokens also rose wildly.
This year's European Cup has already begun, and the America's Cup is also on the way. It is still worth paying attention to football-related tokens to see if there are any opportunities.
Taking stock of sports-related tokens, Chiliz is second to none! Chiliz is a comprehensive project that integrates a trading platform, fan tokens and a public chain! The founder, Alex Dreyfus, is French, so Chiliz has a lot of resources in Europe, and many of their partners are from European giants, such as Saint-Germain, Juventus, Barcelona and Manchester United. Moreover, Messi and Ronaldo, who we are familiar with, have cooperated with Chiliz!
This year's European Cup has already begun, and the America's Cup is also on the way. It is still worth paying attention to football-related tokens to see if there are any opportunities.
Taking stock of sports-related tokens, Chiliz is second to none! Chiliz is a comprehensive project that integrates a trading platform, fan tokens and a public chain! The founder, Alex Dreyfus, is French, so Chiliz has a lot of resources in Europe, and many of their partners are from European giants, such as Saint-Germain, Juventus, Barcelona and Manchester United. Moreover, Messi and Ronaldo, who we are familiar with, have cooperated with Chiliz!
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#BTC
Macro aspect: Non-farm payrolls and unemployment data will be released at 8:30 p.m. Pay attention to the impact of the data on BTC price trends. The current expectation is bearish;
Last night, the Nasdaq and S&P indexes hit new highs, and the US dollar index remained weak
Nvidia split its stock 1:10, and its stock price hit a new high. Pay attention to the driving and potential impact of Nvidia's excellent performance on the AI sector
Technical aspect:
1. The bullish rebound is still suppressed by 72,000. Before there is an obvious bearish phenomenon (such as a high-level big Yinxian, a long upper shadow Yinxian, a shooting star, an evening star and other K-line pattern combinations), maintain a high-level shock consolidation trend
2. The long-term layout point can focus on the opportunities of the Fibonacci 0.618 position at different stages
3. In terms of volume, it is not particularly ideal for the outbreak of bulls. Generally speaking, before choosing a direction, the price often goes through a period of consolidation and shrinks in the process. The later volume is more explosive. The current stage of volume shrinkage is not particularly obvious
Before the data is released, you can try to buy low and sell high in the range of 70000-71800.
$BTC
Macro aspect: Non-farm payrolls and unemployment data will be released at 8:30 p.m. Pay attention to the impact of the data on BTC price trends. The current expectation is bearish;
Last night, the Nasdaq and S&P indexes hit new highs, and the US dollar index remained weak
Nvidia split its stock 1:10, and its stock price hit a new high. Pay attention to the driving and potential impact of Nvidia's excellent performance on the AI sector
Technical aspect:
1. The bullish rebound is still suppressed by 72,000. Before there is an obvious bearish phenomenon (such as a high-level big Yinxian, a long upper shadow Yinxian, a shooting star, an evening star and other K-line pattern combinations), maintain a high-level shock consolidation trend
2. The long-term layout point can focus on the opportunities of the Fibonacci 0.618 position at different stages
3. In terms of volume, it is not particularly ideal for the outbreak of bulls. Generally speaking, before choosing a direction, the price often goes through a period of consolidation and shrinks in the process. The later volume is more explosive. The current stage of volume shrinkage is not particularly obvious
Before the data is released, you can try to buy low and sell high in the range of 70000-71800.
$BTC
See original
Digging into the legendary story of PEPE, the new king of Meme!
Because of a coin, countless people in the coin circle are anxious. Those who got on the train feel that they bought too little, and those who didn't get on the train are even more upset! This coin is the "zero removal" demon PEPE! Why is it called the zero removal demon? Let's put it this way, in September 2023, the price of PEPE had 6 zeros in front, and now, you can see that PEPE only has 4 zeros! In more than half a year, it has skyrocketed a hundred times! Look at the overwhelming news of "PEPE hits a record high" in the past few days, and you will know how anxious people in the coin circle are!
Speaking of this PEPE, what is the origin? It can rise so much. In fact, PEPE can be popular because its prototype image Pepe the Frog has many online emoticons and is used crazily. In order to pay tribute, in April 2023, Zachary Testa issued PEPE. PEPE's official website is also very unique. The homepage says: "Down with Dogecoin, PEPE should be established! PEPE has no pre-sale and no transaction tax. Our team has destroyed Lp tokens and given up contract rights! It is the token of the people!"
Soon, the appearance of PEPE made everyone crazy! Many well-known exchanges also rushed to launch PEPE! This caused the price of PEPE to soar, and it rose 220 times in 3 days after it was launched! Countless wealth stories were also born in it! It is said that an ETH address bought 0.125ETH of PEPE when PEPE was launched. Just 10 days later, it cashed out more than 6 million US dollars, and then there was 9.7 million US dollars of PEPE left in the account! Let's take another example that is not so exaggerated. It is also an early smart money. The PEPE bought for 250 US dollars was later sold for 1.61 million US dollars! Oh, I won't say it anymore. I envy it!
In fact, after the PEPE token was launched on the centralized exchange in May last year, it didn't fall much. Although it didn't fall much, it rose fast! In February of this year, PEPE started to surge again! Just like this trend! PEPE holders are numb again! I wonder if you slapped your thighs?
#meme板块关注热点 #pepe神币 $PEPE
Because of a coin, countless people in the coin circle are anxious. Those who got on the train feel that they bought too little, and those who didn't get on the train are even more upset! This coin is the "zero removal" demon PEPE! Why is it called the zero removal demon? Let's put it this way, in September 2023, the price of PEPE had 6 zeros in front, and now, you can see that PEPE only has 4 zeros! In more than half a year, it has skyrocketed a hundred times! Look at the overwhelming news of "PEPE hits a record high" in the past few days, and you will know how anxious people in the coin circle are!
Speaking of this PEPE, what is the origin? It can rise so much. In fact, PEPE can be popular because its prototype image Pepe the Frog has many online emoticons and is used crazily. In order to pay tribute, in April 2023, Zachary Testa issued PEPE. PEPE's official website is also very unique. The homepage says: "Down with Dogecoin, PEPE should be established! PEPE has no pre-sale and no transaction tax. Our team has destroyed Lp tokens and given up contract rights! It is the token of the people!"
Soon, the appearance of PEPE made everyone crazy! Many well-known exchanges also rushed to launch PEPE! This caused the price of PEPE to soar, and it rose 220 times in 3 days after it was launched! Countless wealth stories were also born in it! It is said that an ETH address bought 0.125ETH of PEPE when PEPE was launched. Just 10 days later, it cashed out more than 6 million US dollars, and then there was 9.7 million US dollars of PEPE left in the account! Let's take another example that is not so exaggerated. It is also an early smart money. The PEPE bought for 250 US dollars was later sold for 1.61 million US dollars! Oh, I won't say it anymore. I envy it!
In fact, after the PEPE token was launched on the centralized exchange in May last year, it didn't fall much. Although it didn't fall much, it rose fast! In February of this year, PEPE started to surge again! Just like this trend! PEPE holders are numb again! I wonder if you slapped your thighs?
#meme板块关注热点 #pepe神币 $PEPE
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Trump wants to be America's first "Bitcoin president"
On May 26, before the start of the Libertarian Party National Convention in Washington, former US President Trump praised the cryptocurrency industry on social media, emphasizing that the United States must maintain its leading position in this field, while President Biden hopes that the crypto industry will "slowly die" but will never allow this to happen during his tenure.
Trump said he would stop Biden's crackdown on cryptocurrencies and ensure that the future of crypto and Bitcoin is created in the United States rather than being driven overseas. He promised to support users' self-custody rights and said to the 50 million crypto holders in the United States: "I will keep Elizabeth Warren and her minions away from your Bitcoin and never allow the creation of a central bank digital currency."
Trump said he would stop Biden's crackdown on cryptocurrencies and ensure that the future of crypto and Bitcoin is created in the United States rather than being driven overseas. He promised to support users' self-custody rights and said to the 50 million crypto holders in the United States: "I will keep Elizabeth Warren and her minions away from your Bitcoin and never allow the creation of a central bank digital currency."
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On the daily level, BTC broke through the trend line resistance of 64,000 on May 15, confirming the end of the oscillating trend and ushering in an upward trend. The expectation of 5.19 was broken, and the price reached 72,000. Recently, due to the continuous good news of ETH, the funds of Bingzi were withdrawn and the blood was sucked seriously. The daily line has closed with a negative line for three consecutive days. 67,000 is the position of the front chip intensive trading area, which is a relatively important support. Pay close attention to the closing of the daily line today. If 67,000 can hold, it is expected to start a second rebound and hit the 72,000 mark again.
Copyright sector:
1) The meme sector is the first to bear the brunt. Pepe, bonk, and people have set new highs. Although there is no locked-in plate above, where it can be pulled depends entirely on the face of the main force. It is not recommended to chase highs if you miss the opportunity. If you want to do short-term trading, at least wait for the 4-hour level structure to do it, which is safe.
2) With the favorable support of ETH, the ETH ecological sector has rebounded. SSV, LDO, ETHFI, etc. can be paid special attention.#btc#eth#meme#people #pepe
Copyright sector:
1) The meme sector is the first to bear the brunt. Pepe, bonk, and people have set new highs. Although there is no locked-in plate above, where it can be pulled depends entirely on the face of the main force. It is not recommended to chase highs if you miss the opportunity. If you want to do short-term trading, at least wait for the 4-hour level structure to do it, which is safe.
2) With the favorable support of ETH, the ETH ecological sector has rebounded. SSV, LDO, ETHFI, etc. can be paid special attention.#btc#eth#meme#people #pepe
See original
Without any surprise, the Ethereum ETF was officially approved!
In the early morning of May 24th, Beijing time, the U.S. Securities and Exchange Commission (SEC) approved multiple Ethereum spot ETF 19-B4 forms at the same time, including ETFs from BlackRock, Fidelity and Grayscale.
But this is only the approval of 19b-4, and there is no clear statement on S-1/S-3S. The approval of 19b-4 does not mean that#ETHspot ETF can be listed, because S-1/S-3 is still needed. I believe it will not take too long, because 19b-4 has passed, which means that ETH spot ETF has definitely passed, and it will be listed sooner or later.
#以太坊ETF通过 #ETH大涨
In the early morning of May 24th, Beijing time, the U.S. Securities and Exchange Commission (SEC) approved multiple Ethereum spot ETF 19-B4 forms at the same time, including ETFs from BlackRock, Fidelity and Grayscale.
But this is only the approval of 19b-4, and there is no clear statement on S-1/S-3S. The approval of 19b-4 does not mean that#ETHspot ETF can be listed, because S-1/S-3 is still needed. I believe it will not take too long, because 19b-4 has passed, which means that ETH spot ETF has definitely passed, and it will be listed sooner or later.
#以太坊ETF通过 #ETH大涨
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