How to withdraw money after earning 100 million in the cryptocurrency circle? Safe withdrawal guide
I saw a news report that a female master's degree holder was sentenced to one year in prison for cryptocurrency trading and had a criminal record. What went wrong? It turned out that although she repeatedly confirmed with the merchant whether the U she received was clean, she still received the stolen money in the end and was finally sentenced for the crime of "knowingly committing a crime".
How to withdraw money safely in the cryptocurrency circle has always been an unavoidable topic. Today, Brother Meng will tell you how an honest person can withdraw money safely. Let me tell you the answer first: use the Hong Kong Card! Step 1: Go to Hong Kong in person to apply for a card. You can make an appointment with Bank of China (Hong Kong), HSBC, etc. There is almost no threshold. There is no additional cost except the travel expenses to Hong Kong. There is no tightening of policies at present, so go as early as possible.
Historically, bull runs have started in October! Many altcoins are about to go parabolic, every $100 invested today = $10,000 next year, I’ve researched 8 altcoins that will grow 10-100x in this cycle!
There are so many altcoins, with over 14,000 tokens listed on CoinGecko alone, and millions more unlisted, it’s clear the market is saturated. Even in a bull market, there isn’t enough capital to drive all of these coins up.
That’s why choosing the right one is crucial.
1) @MooDengSOL | $MOODENG
Exchange: @MEXC_Official, @HTX_Global, @kucoincom
Sector: Meme
➣ Price: $0.304 ➣ Market capitalization: $303 million ➣ FDV: $303 million
The Fed has made some big moves recently. They may cut interest rates again, and the action may be faster than we thought. Why? Because they found that the US economy and job market may not be as strong as they thought, so they feel the need to stimulate it by cutting interest rates.
Now that the US inflation rate has come down and is not far from their target of 2%, traders are betting that the Fed will cut another 50 basis points in November. At present, this possibility is not small, with a probability of 54%.
Fed official Musallem also said that if the economy really weakens, they may have to speed up the pace of interest rate cuts. He thinks the most important thing now is to relax policies and make the economy more dynamic.
And it's not just the United States. The European Central Bank also seems to be joining the team of interest rate cuts. There are reports that they may cut 50 basis points in December. Now that inflation in the eurozone is also cooling down, their pressure to cut interest rates is not small.
In general, central banks around the world seem to be preparing to cut interest rates to stimulate the economy. However, interest rate cuts are not a panacea. For example, the Bank of Japan cut interest rates before, but because the operation was too sudden, the stock market fell instead. Therefore, everyone is paying close attention to the Fed's actions this time, wanting to see what impact it will have.
AI is the strongest narrative of this cycle! It is entirely possible to turn $100k into $100k. You can easily find the next 100x altcoins in AI in 2024, here are 5 that I have listed that will soar in the coming weeks:
An open source protocol called @opentensor drives a decentralized, scalable, globally distributed neural network focused on AI and machine learning.
2) @LayerAIorg | $LAI
Price: $0.0224 Market Cap: $7.13 million
LayerAI is a blockchain network dedicated to the monetization of data within AI models, aiming to transform data into a valuable asset class through its ecosystem.
3) @Syntropynet | $NOIA
Price: $0.06782 Market Cap: $18.99 million
With key partnerships with Microsoft, Oracle, and others, $NOIA has an amazing team behind it to succeed.
4) $QUIBIC | @_Qubic_
Price: $0.05197 Market Cap: $221.28 million
Qubic launched the first useful Proof-of-Work (PoW) layer 1 blockchain designed to facilitate feeless transactions and leverage computing power through miners to complete AI-related tasks.
The crazy alt season will start on October 1st! Remember 2017 and 2021? I soared from $1,000 to $300,000, and now it's happening again! I researched nearly 300 altcoins, and here are the 7 I found with the most growth potential:
The following signs indicate that the altcoin mining season is coming: 👉Kamala Harris supports cryptocurrencies. 👉The Fed cut interest rates by 50 basis points in November. 👉CZ was finally released from prison on September 29th. 👉FTX has initiated a multi-billion dollar repatriation and may return to the market.
1) $OCTA ➬ @octa_space
• Sector: DePIN • Market Cap: $51 million • FDV: $51 million • Unlocked: 100% of total supply
OctaSpace uses blockchain technology to create a cloud platform using decentralized solutions such as VPN, distributed computing and data storage
2) $PRCL ➬ @Parcl
Sector: RWA Market Cap: $29.5 million FDV: $219 million Unlocked: 13.4% of total supply
Parcl has launched a decentralized perpetual contract exchange with its sights set on the dynamic world of real estate prices.
3) $BOSON ➬ @BosonProtocol
• Sector: RWA • Market Cap: $45.7 million • FDV: $68.9 million • Unlocked: 66.3% of total supply
Boson Protocol powers decentralized business networks, allowing for the tokenization, transfer, and trading of physical and digital assets through redeemable non-fungible tokens (rNFTs).
Federal Reserve, big news!!! What impact will it have on Bitcoin?
According to the latest news, Federal Reserve Board member Adrienne Kugler expressed "strong" support for a 50 basis point rate cut. She feels that if inflation continues to make good progress, she will support further rate cuts.
In terms of market expectations, the probability of a 25 basis point cut in November is 40.8%, and the probability of a 50 basis point cut is 59.2%. The probability of a cumulative 50 basis point cut by December is 19.5%, the probability of a cumulative 75 basis point cut is 49.6%, and the probability of a cumulative 100 basis point cut is 30.9%.
The liquidity in the US market has been quite abundant recently. On Wednesday, the Fed's overnight reverse repurchase agreement (RRP) had a scale of US$416.193 billion, while the secured overnight financing rate (SOFR) remained at a relatively low level.
In the past week, Bitcoin's trend has also been boosted by countries such as the United States and China easing their currencies to cope with economic slowdowns. From a technical perspective, Bitcoin's current unilateral trend is not obvious, and it is still mainly oscillating and repairing within the key point range.
Big news! BlackRock and Microsoft have just invested $30 billion in the field of artificial intelligence. AI tokens have exploded, and this is just the beginning. After in-depth research, I found these 7 AI altcoins that will benefit first:
Render is the Nvidia of the crypto space, highly responsive to AI news. It is a decentralized P2P network that rents idle GPU computing power from individuals to creators for tasks such as 3D rendering and machine learning.
This is the new AI giant formed by merging the original FET, $OCEAN, and $AGIX. The goal is to create a decentralized AI giant to challenge centralized companies such as Google and OpenAI.
$TAO is a decentralized network designed to connect machine learning models instead of computers or servers. It aims to facilitate the development, training, sharing and trading of artificial intelligence and machine learning models.
4) @PaalMind| $PAAL
Price: $0.2822 Market value: $241 million
$PAAL is a blockchain-based chatbot ecosystem that uses artificial intelligence and machine learning to simplify tasks and provide personalized solutions for the crypto and blockchain fields.
$GRT is an open source, decentralized indexing protocol designed to enable querying and indexing of blockchain data.
6) @akashnet_ | $AKT
Price: $2.83 Market Cap: $701M
$AKT is a decentralized P2P marketplace for cloud computing. It connects server owners (cloud providers) with users who need computing power to host applications.
$SUI surged 120%+ in a single month! Ecological MEMEs exploded one after another, and we counted 5 Memecoins with high popularity in Sui ecology!
Under the background of interest rate cuts, the market gradually recovered, and $SUI , which had been performing well before, once again led the market with its outstanding coin price performance. In addition to the activeness of the main network, the Meme coins in the Sui ecosystem have also attracted some traffic from the Meme craze. Recently, several Memes have been very popular.
Today I counted 5 Memecoins with high attention in the Sui ecosystem. Remember to like and collect them!
1) $BLUB: Extending Pepe culture to Sui
Project introduction: $BLUB was launched at the end of June this year. In just three months, it has become the Meme coin with the highest market value in the Sui ecosystem. It combines Pepe culture and the water element of the Sui ecosystem, showing a unique image. Its price trend is strong, and it has the potential to become the first Meme coin in the Sui ecosystem with a market value of 100 million.
2) $FUD: Sui Ecosystem’s highest-valued dog meme
FUD is an airdrop project of the Sui NFT community in December 2023, which aims to fairly reward Sui’s original community members, without a team or pre-investment share. As an early-launched project, $FUD has been integrated into multiple Sui Ecosystem’s DeFi and GameFi applications.
3) SUICUNE ($HSUI): Water Pokémon
From the name of the project and the Meme image, its inspiration is obviously derived from the Pokémon of the same name “SUICUNE”, also known as “Suicune”. This project was launched relatively early, and it had set off a big wave in the Meme market in March 2024. Since then, its market value has remained at around one million US dollars, and the community’s Meme culture is extremely active.
4) Sacabam ($SCB): Meme IP of Ancient Fish
The image of Sacabam is derived from the prehistoric fish “Sacabambaspis”. A few years ago, photos of the fish specimen were widely circulated online and became a well-known meme package, which led to the establishment of the community. The total supply of the project's eponymous NFT is 3,333, all of which were minted in November last year.
5) $LIQ: Crypto Community of Liquor Culture
Liquor culture was born in 2019 and was initially quite active in the Solana ecosystem. After the Suibasecamp event in Paris, the community firmly believed that the Sui ecosystem had the potential to become the next Solana. The community claims to combine the advantages of meme culture with the Sui ecosystem, and its community culture is often related to liquor culture.
It has risen 273 times in 3 days. What is Musk's concept MEME coin TERMINUS? Is it too late to get on board now?
Recently, a MEME coin called TERMINUS has skyrocketed in price in a short period of time, from $0.00084 to $0.23, an increase of 273 times, with a market value of about $24 million and 2977 coin holding addresses.
The surge in prices is related to a Twitter user named Li Ping, who posted information about Musk's Mars plan on Twitter and attached the contract address of the TERMINUS coin. Li Ping is an influential member of the cryptocurrency community. He was previously known for investing in SHIB and becoming a top ten holder.
Musk recently announced that SpaceX plans to launch five unmanned interstellar spacecraft to Mars within two years. This news may have indirectly driven the price of TERMINUS coins. The market has different views on this. Some believe that as long as Musk is still there, this concept has the potential to continue, while others worry that this may be a bubble.
Interestingly, the battle between uppercase and lowercase letters of Mars City has also been thoroughly launched!
$TERMINUS VS $terminus
Will this be another dramatic turn in the battle between uppercase and lowercase letters and $neiro?
In less than 7 days, CZ will be released! Once he returns, Binance-related tokens will explode. After investigating more than 350 Binance altcoins, I found that the following 8 tokens are expected to explode 5-10X times:
1) @Sagaxyz | $SAGA Saga is a Layer-1 blockchain that focuses on enhancing the user experience of DeFi and blockchain games.
The bull market is setting sail again! In the fourth quarter, you can't miss the 100x potential coins!
Every market always tends to follow a cyclical cycle pattern. In 2017 and 2020, I found multiple 200x tokens by following the right pattern.
Cycles usually contain four main phases: accumulation, uptrend, distribution, and downtrend. We are about to enter the uptrend phase, mainly driven by the following key factors:
➢ Upcoming US election ➢ Rate cuts ➢ Global ETF adoption ➢ FTX spending ➢ Potential changes in China's cryptocurrency regulation
Now may be the best time to start accumulating promising altcoins that have 100x potential in the 2024-2025 bull market:
1) $ONDO | @OndoFoundation is building on-chain financial software to manage tokenized RWA and traditional crypto products. ➢Industry: Risk Weighted Assets ➢Price: $0.68 ➢Market Cap: $947 million
2) $KAS|@KaspaCurrency is a fully scalable Layer-1 and the world's first blockDAG - a digital ledger that supports parallel blocks. ➢Industry: DeFi ➢Price: $0.16 ➢Market Cap: $4.2 billion
3) $TOKEN|@tokenfi aims to simplify the process of crypto and asset tokenization and eventually become the world's most important tokenization platform. ➢Industry: Risk Weighted Assets ➢Price: $0.06 ➢Market Cap: $60 million
4) $POND |@Marlin Protocol is an open protocol that provides high-performance programmable network infrastructure for DeFi and Web3. ➢ Industry: Artificial Intelligence ➢ Price: $0.013 ➢ Market Cap: $110 million
The next bull run is coming! The Bitcoin cycle usually starts 170 days after the halving and peaks 310 days later. If you caught this pattern in 2020, you would have caught 150x $MATIC, 200x $SOL , and in the next cycle, the following altcoins are expected to reach 100x.
$WIF is the top meme coin in the Solana ecosystem. If you want to bet on the movement of $SOL with an adventurous mentality, $WIF is your best choice.
2) @PaalMind | $PAAL Price: $0.2143 Market value: $183 million
Highly responsive AI game. It allows users to create personalized AI robots and deploy them between platforms such as TG, Discord, or their own applications, providing solutions for enterprises.
A decentralized, open source, scalable L1 platform that solves the limitations of traditional blockchains in terms of speed, scalability, and security.
4) @NeiroOnEthereum | $NEIRO Price: $0.1022 Market value: $102 million
$NEIRO is the new Shiba Inu, inheriting its mission after the death of Doge the dog.
Just now, the Bank of Japan announced a big news: they decided not to raise interest rates, and keep the current interest rate unchanged at 0.25%. This decision is the same as everyone guessed before.
Why did the Bank of Japan do this? They think that Japan's economy is slowly getting better, but it is not time to raise interest rates yet. Moreover, the recent fluctuations in the exchange rate of the yen have reduced the pressure of price increases, so they think they can wait a little longer.
Kazuo Ueda, the boss of the Bank of Japan, also said that if Japan's economy and prices develop as they expect, they will continue to raise interest rates. But now, they think there is still time to take it slow.
Prices in Japan have risen very fast recently, and have accelerated for four consecutive months, which is higher than the 2% target set by the Bank of Japan. But Kazuo Ueda said that they think this rising trend can be controlled.
The market reaction is also very interesting. As soon as the Bank of Japan's decision came out, the exchange rate of the yen against the US dollar rose, but after Kazuo Ueda spoke, the yen fell a little again. The Japanese stock market rose quite happily at first, but then the increase narrowed.
Some experts predict that the Bank of Japan may raise interest rates again later this year or early next year. But it is hard to say, it depends on the situation of the economy and financial markets.
In general, the Bank of Japan is taking a step-by-step approach now. They want to ensure that the economy is stable and prices are under control before deciding what to do next.
BlackRock's white paper ignites the market! The truth behind Bitcoin's $62,600 jump
BlackRock, the world's largest asset management company, recently released a white paper on Bitcoin, arguing that Bitcoin, as a digital asset, has the potential to hedge currency and geopolitical risks. After the release of this report, the price of Bitcoin rose by nearly 6%, and the price once exceeded $62,600.
In the white paper, BlackRock proposed that Bitcoin can be regarded as the world's first "truly open currency system" because of its decentralized and permissionless characteristics. It is not affected by traditional fiscal and geopolitical risks, so Bitcoin is a unique diversified investment tool for investors.
Before the release of the white paper, the price of Bitcoin was about $59,354. After the release, the price of Bitcoin began to rebound, once exceeding $62,600.
Some analysts predict that Bitcoin may rise to $92,000 in the next three months, and this upward trend may start in October.
BlackRock's white paper emphasizes the decentralized nature of Bitcoin, arguing that this makes Bitcoin an asset that is uncorrelated with banking system crises, sovereign debt crises, currency devaluation, geopolitical chaos, and other political and economic risks in specific countries.
BlackRock also shared a chart showing how Bitcoin's returns have outperformed the S&P 500 and gold prices during major geopolitical events in history, demonstrating Bitcoin's resilience.
BlackRock believes that Bitcoin's adoption path will be affected by macroeconomic concerns such as global currency instability, geopolitical disharmony, U.S. fiscal sustainability, and U.S. political stability.
The release of this white paper not only provides confidence to Bitcoin investors, but also shows BlackRock's recognition and attention to the digital asset field. As more traditional financial institutions begin to pay attention to and invest in Bitcoin, Bitcoin's mainstream acceptance may further increase.
The bull market will start in 10-15 days! In the last bull market, $SOL, $MATIC, and $DOGE all grew 100 times in 90 days. All you need to do now is find the right altcoins. The following 7 are what I pay attention to:
1) @First Neiro on Ethereum | $NEIRO Category: Meme Coin Price: $0.000849 Market value: $346 million
CZ is about to be released, these 5 altcoins are expected to take off!
The Federal Bureau of Prisons (BOP) confirmed that Binance founder and former CEO CZ) will be released soon. Those who follow altcoins may pay attention to five coins that may react to Zhao Changpeng's release.
1) $BNB As Binance's native token, BNB is closely tied to Binance's success. Any major announcement from Zhao Changpeng may affect BNB's price. Analysts predict that with Zhao Changpeng's release, BNB may try to break through the $600 mark.
2) $ENA
ENA is a synthetic dollar protocol that has gained attention through Binance's token mining program. Due to its close connection with the Binance ecosystem, ENA may see price fluctuations after Zhao Changpeng's release.
3) $REZ Renzo Protocol’s token has received investment from Binance Labs, the venture capital arm of Binance. With the support of Binance Labs, the REZ token may react to the news of Zhao Changpeng’s release.
4) $ARKM Arkham is a token designed to increase blockchain transparency, and Binance invested in it to promote insights into the blockchain ecosystem. Zhao Changpeng’s release may have an impact on the price of ARKM.
5) $Sleepless AI
Sleepless AI is a gaming platform that combines Web3 and AI technology, and is also part of Binance’s mining program. As part of the Binance ecosystem, the AI token may receive market attention due to Zhao Changpeng’s release.
Wake up, the Fed announced a 50 basis point rate cut, revealing 5 important information!
The Fed announced a 50 basis point rate cut last night, the first rate cut in four and a half years.
There are 5 important information worth paying attention to:
1) The era of global monetary easing is coming: The Fed's rate cut marks the end of global monetary tightening policies, and we may enter an era of looser monetary policy.
2) Asset prices may rise: interest rate cuts usually lead to asset prices, such as stocks, real estate, gold and Bitcoin, because investors are more willing to invest in these assets because of lower capital costs.
3) The renminbi may appreciate: As the US dollar may weaken, the renminbi exchange rate against the US dollar may rise, which has an impact on China's exports and imports.
4) China's monetary policy is more flexible: The Fed's rate cut provides China with more room for monetary policy operations, and the People's Bank of China may have more opportunities to cut interest rates.
5) A weaker US dollar may be good for cryptocurrencies: The Fed's rate cut may cause the US dollar to weaken relative to other currencies. Since Bitcoin and other cryptocurrencies are often seen as a hedge against the depreciation of fiat currencies, a weaker US dollar may increase investor demand for cryptocurrencies, which may drive up their prices.
This week, the global financial market entered the "Super Central Bank Week", and the Federal Reserve's interest rate decision became the focus of the market. The market generally expects the Federal Reserve to announce a rate cut on September 19, Beijing time, but the key question is the extent of the rate cut. At present, the market expects a 50 basis point rate cut probability of 59%.
This expectation has triggered a chain reaction in the financial market. The Dow Jones Index hit a record high on the evening of September 16, the US dollar index fell, and the yen rose against the US dollar, breaking through the key psychological level of 140. Gold prices also soared to $2,589.69 per ounce against this background, setting a new high.
Other central banks around the world, including the Bank of Japan, will also announce interest rate decisions this week. The market expects that the Bank of Japan will not raise interest rates this month and may take action at the end of the year, which may lead to a further narrowing of the interest rate gap between the United States and Japan.
The reasons for the Fed's rate cut include slowing inflation, falling inflation expectations, and a cooling labor market. At present, some core inflation indicators are close to the Fed's 2% target, and the market's expectations for future inflation are also declining, showing confidence in the Fed's ability to achieve its inflation target. Meanwhile, there are signs of a cooling in the labor market, such as rising defaults on auto loans and credit cards.
There are risks in rate cut decisions. If only a 25 basis point cut is made, there may be a risk of more weak economic data in the future. A 50 basis point cut could affect long-term Treasury yields, which in turn could affect mortgage rates and the real estate market.
Greg Ip, a senior reporter at the Wall Street Journal, called for a 50 basis point cut, arguing that the current economic environment supports the move, and noted that if only a 25 basis point cut is made, there may be more challenges in the future. Financial institutions predict that if the Fed initiates a rate cut cycle, gold prices may rise further, possibly reaching $2,700 per ounce by the end of the year.
The Fed's interest rate decision will have a significant impact on global financial markets, and market participants are closely watching its movements to make corresponding investment decisions.
Three major U.S. economic events this week may affect the trend of Bitcoin:
This week's cryptocurrency market may be affected by three major events in the U.S. economy, which may affect the price of Bitcoin and other cryptocurrencies.
First, Bitcoin has been hovering between $60,000 and $57,000 recently. Although the market faced some challenges in September, investors still have expectations for the market performance in October.
1) Trump's DeFi project WLFI launched
This Monday, the U.S. market was lively because of the launch of Trump's decentralized finance (DeFi) project World Liberty Financial (WLFI). Trump live-streamed the launch of this project on Twitter Spaces, and he seemed to challenge the status of traditional banks with cryptocurrency.
2) U.S. retail sales data
Next, the U.S. Department of Commerce will release retail sales data on Tuesday. This data is important because it reflects the trend of consumer spending, which is the bulk of the U.S. economy.
Retail sales fell 1% in July, worse than economists expected. If August retail sales are strong, it would suggest that the economy is healthy, which could boost confidence in risky assets like cryptocurrencies and stocks.
3) FOMC rate decision
On Wednesday, the Federal Open Market Committee (FOMC) will make its rate decision. U.S. inflation has cooled recently, so a rate cut is almost certain. But how much is still unclear, and market participants are watching closely.
According to the CME FedWatch tool, there is a 59% chance of a 50 basis point cut and a 49% chance of a 25 basis point cut. The impact of a rate cut on Bitcoin and other risky assets depends on how much traders have already predicted. A 25 basis point cut might cause Bitcoin to react cautiously.
JPMorgan Chase's chief U.S. economist believes there is a good reason to accelerate the pace of rate cuts. However, a 50 basis point cut could cause investors to worry about the state of the economy and avoid riskier assets, such as Bitcoin.
Former US President Trump recently encountered another thrilling moment. On September 15, he encountered a shooting near a golf club in Florida. The FBI believes this may be an assassination attempt against Trump. Fortunately, Trump himself was safe and sound, and he posted on social media to tell everyone that he was safe.
This is not the first time Trump has encountered an assassination attempt. He faced a similar situation two months ago. When the incident happened, Trump was playing golf, and the gunman was in the bushes not far away. The agents found the abnormality and took action in time, and the gunman was finally arrested.
US President Biden and Vice President Harris were relieved to learn that Trump was safe. Biden emphasized that the United States cannot tolerate any form of violence, and he has instructed the team to ensure that the Secret Service has enough resources to protect Trump.
In addition, some members of Congress have also called for increased protection for Trump, believing that all major presidential candidates should receive the highest level of protection. The incident also raised concerns about the disclosure of Trump's whereabouts and whether it is related to international forces.
At present, the suspect has been arrested. He is a 58-year-old man with a record of multiple arrests. This incident once again reminds people that the safety of politicians is of vital importance and needs to be fully guaranteed.