The new coins listed on Binance in 2024 have stabilized recently. This is the trend. Can you bear it?
😆

The problem of high FDV and low circulation has caused public outrage. Binance has changed the listing rules. The recent NO BB has performed well, which may bring a round of sentiment repair to the new coins.

This kind of arc bottom can be used to build positions. If you don't pull the market, the dealer can't sell the goods.

Don't ask me which one I bought. Of course, adults do. .
🫶🫶

#STRK #DYM #PORTAL #PIXEL

Bit Market Weekly | Interest rate cut expectations are thwarted, and U.S. politics supports digital assets

Investors experienced a roller-coaster ride in May in rate cut expectations. At the beginning of the month, under the dual influence of Powell's dovish speech and the sluggish employment report, the market's expectations for an interest rate cut suddenly increased. However, today, market participants have quietly postponed the expected time of interest rate cut from September to November, and reduced the number of interest rate cuts during the year to one.

Last week, Federal Reserve officials made successive hawkish speeches, and the minutes of the meeting questioned whether current interest rates can effectively curb inflation. The U.S. dollar index fell back on Friday but maintained its rebound throughout the week, recording its strongest weekly gain in a month and a half. In terms of U.S. stocks, the trends of major indexes were divergent: the S&P 500 index rose slightly by 0.03%, the Nasdaq Composite Index and the Nasdaq 100 Index both posted weekly gains of 1.41%, both achieving five consecutive weeks of gains; while the Dow Jones Industrial Average fell by 2.33%. , recording the most significant weekly decline since March last year. At the same time, cryptocurrency-related stocks generally strengthened, with representative stocks such as Coinbase and MicroStrategy as well as mining stocks collectively rising.

Ethereum ETF approval expectations have ushered in a dramatic reversal. In the early hours of last Tuesday, Eric, a senior ETF analyst at Bloomberg, tweeted that he would increase the probability of ETF approval from 25% to 75%. After the tweet, Ethereum rose by 20% in a single day. He said that politics factors have become the key reasons for the shift in ETF approval. Several bipartisan lawmakers have urged the SEC to approve ETFs for Ethereum and other currencies, as this would provide investors with regulated, transparent and safe exposure to cryptocurrencies. On Friday, the SEC approved the Ethereum ETF 19-4 document. There are still S1 documents that need to be reviewed and approved. The final approval is basically a foregone conclusion.

Trump spoke at the Libertarian Party National Convention in Washington, D.C., "If he is re-elected, he will ensure that the future of digital assets and Bitcoin happens in the United States, rather than being expelled overseas, and will support 50 million digital asset holders in the United States." “It will never allow the creation of a CBDC, and keep anti-digital assets away from Bitcoin.”#MarketWeekly#EncryptionAssets#BTC#ETH#Trumphttps://wolai.com/oz26aeGTPpkdhu

In the past week, I have gradually increased my holdings of mainstream coins related to the ETH ecosystem and started ETH fixed investment. The ETH ETF market is worth looking forward to.

Old coins:

L2: Arb, OP, Matic

Pledge: Lido, SSV

New coins: Pendle, Ethfi, ALT, ENA.

In addition, projects that are mainly active on the ETH chain can also be paid attention to, refining: SAND, MANA, APE.

Relatively speaking, it is not the time for FOMO yet. Layout at the bottom, and consider shipping when the fee rate is high.
#Ethereum#etf

Binance Excellent Trader 24H Position Changes-20240524

Daily capture of order opening records of order takers.

If you want to see someone's, you can leave a message.

#带单大神 $LINK $XRP $ARB

A16Z explains FIT21 "Financial Innovation and Technology Act of the 21st Century" in detail
AI summarizes the content and what impact it has on the cryptocurrency circle:

This article mainly introduces the "Financial Innovation and Technology Act of the 21st Century" (FIT21 Act) passed by the U.S. House of Representatives. The bill aims to establish a regulatory framework for the U.S. digital asset market, provide clear consumer protection, and clarify the regulatory boundaries of the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) on cryptocurrencies. The following is a summary of the possible impact of the bill on the cryptocurrency market:

1. Enhanced regulatory certainty: After the passage of the FIT21 Act, it will provide clear regulatory guidance for the crypto industry, reduce legal ambiguity, and help eliminate market participants' concerns about regulatory risks, thereby boosting market confidence.

2. Standardization of market structure: The bill clarifies which digital assets will be considered commodities (regulated by the CFTC) and securities (regulated by the SEC), and distinguishes based on the degree of decentralization of the blockchain or digital ledger. This will guide project parties to issue and operate in compliance, promote the healthy development of the market, and reduce potential legal disputes and market manipulation risks.

3. Strengthening consumer protection: The bill requires the implementation of measures such as customer fund isolation, token insider lock-up period, annual sales limit and information disclosure, which are similar to the investor protection mechanism in traditional financial markets. These regulations help improve market transparency, protect investor rights and interests, and reduce market volatility caused by fraud or misconduct.

4. Increased industry compliance costs: The regulatory standards and consumer protection requirements set by the new bill may lead to higher compliance costs for market players such as cryptocurrency exchanges and project issuers. Some projects that do not comply with the new regulations may need to adjust their business models or face regulatory pressure, which may trigger market structure adjustments and valuation adjustments for some projects in the short term.

5. Impact on international competitiveness: After the bill is passed, the United States is expected to provide a more orderly, transparent and clearly regulated cryptocurrency market environment, which may attract more compliant capital from both home and abroad, enhance the competitiveness of the United States in the global cryptocurrency market, and have a positive impact on the overall market.

6. Policy uncertainty still exists: Although the House of Representatives has passed the bill, it still needs to be passed by the Senate and signed by the President to become law.There may still be variables in this process, and the uncertainty before the policy is implemented may have a certain impact on market sentiment.

In summary, if the FIT21 bill eventually becomes law, it will have a profound impact on the US and even global cryptocurrency market. In the short term, the market may experience fluctuations caused by structural adjustments and rising compliance costs; in the long term, a clearer regulatory framework and enhanced consumer protection are expected to enhance market stability, attract more compliant investments, and promote the continued healthy development of the industry. However, whether the bill can be successfully passed and implemented, as well as the specific effects after implementation, we still need to pay close attention to subsequent policy dynamics and market reactions.#A16z#Web3Social

"Bitcoin's return to $73,000 may be the beginning of the "escape velocity" phase"

The return of Bitcoin prices to $73,000 may mark a turning point in the asset's trend, starting its acceleration to the "escape velocity" phase. This term comes from astrophysics and describes the minimum speed required for an object to escape the gravitational field of a planet or satellite without further propulsion. In the view of cryptocurrency analyst James Check, when Bitcoin re-stands at the $73,000 price level, it may also indicate that its market performance will enter a similar state, that is, a rapid and sustained rise phase.

The following is a summary of the relevant analysis points:

1. Not reaching the "excessive" state: According to the short-term holder (STH) market value and realized value (MVRV) indicator, the market has not yet shown a state of "overstretching, overbought and saturated", indicating that market sentiment is still in a stable and enthusiastic but not overly excited stage, laying a solid foundation for the price rebound to $73,000.

2. Potential resistance: However, when Bitcoin reaches $73,000, STH with a holding period of less than 155 days will be in a sufficiently profitable state, which may lead to selling pressure and form short-term resistance.

3. Market consensus: Some other analysts also believe that the market has not yet reached a frenzy. Although Bitcoin is close to $70,000, the market has not shown significant excitement or enthusiasm, and this calm performance is regarded as a positive sign by some analysts.

4. Moving towards price discovery: An anonymous trader believes that Bitcoin is only one step away from entering the "price discovery" stage, which means that its price will break away from its historical highs and enter a new unknown range.

5. Peak prediction: Anonymous trader Yoddha expects Bitcoin to reach its peak price in about 300 days in the future, that is, no later than March 18, 2025. Currently, Bitcoin has been consolidating in the current range for 84 consecutive days.

In summary, despite the potential profit-taking pressure from short-term holders, most analysts tend to believe that once Bitcoin breaks through and stabilizes at $73,000, it will mark the beginning of a new round of accelerated rise, the so-called "escape velocity" phase. Market sentiment remains enthusiastic but not fanatical, showing good support for further rise. Therefore, based on the above information summary, analysts are bullish on the prospects of Bitcoin.
https://cointelegraph.com/news/bitcoin-price-surge-indicators-crypto-analyst-james-check
#RecommendedArticles#ChainAnalysis#Bitcoin

Web3 News Digest-20240522

Cryptocurrency Market Dynamics and Investment
BlackRock Submits Ethereum Spot ETF Application: Confirms that Ishares Ethereum Trust does not involve Ethereum staking, showing that traditional finance continues to be interested in crypto assets but adopts a relatively conservative strategy.

Stripchain Completes Ten Million Dollar Financing: Emphasizing the importance of blockchain interoperability protocols, Stripchain's uniqueness lies in its transaction layer focus and authority proof system, which has attracted investment from many well-known venture capital firms.

WeatherXM Network Successfully Raised: Raised $7.7 million to develop a decentralized weather network, improve forecast accuracy through Web3 technology and crypto incentives, and demonstrate the potential for blockchain technology to be used in non-financial fields.

Kelp Protocol Completes Token Financing: Ethereum re-staking protocol Kelp raised $9 million, aiming to enhance market liquidity by issuing governance tokens and liquidity re-staking tokens (rsETH), reflecting innovation and capital flows in the DeFi field.

Market Observation and Analysis
Project Valuation Inversion Phenomenon: Studies have shown that many blockchain projects have inflated valuations in the primary market, and more than 60% of project valuations may be overestimated, suggesting that the market needs to be more cautious in assessing risks and returns.

Ethereum call option trend: Market sentiment is bullish, and Ethereum call option fees for all expiration dates are higher than put options, suggesting investors' expectations of future price increases.

Industry dynamics
Animoca Brands invests in Open Campus: Increase support for Web3 education protocols and express optimism about blockchain applications in the education field by purchasing more EDU tokens.

Vitalik Buterin frequently transfers ETH: Small transfers through the privacy protocol Railgun have attracted the community's attention to his movements. Although the specific purpose is unknown, it shows the application of privacy technology.

Large-scale crypto asset flows: Multiple reports mentioned large-scale cryptocurrency withdrawals and transfers, involving tokens such as PEPE and ETH, reflecting the activity of large players in the market and their possible impact on the market.

OKX Ventures invests in Monad Labs: Further promote the development of Web3 innovation and decentralized computing, showing the importance of technological progress and cooperation within the industry.

Microsoft Build 2024 Developer Conference: Released multiple updates, among which the preview of OpenAI's new model was particularly eye-catching, foreshadowing the possible deep integration and innovation of AI and blockchain in the future.

Terraform Labs executive dynamics: The whereabouts of Do Kwon and former executives and possible Montenegrin government connections, although unconfirmed, have increased the heat of the discussion on regulation and legal responsibility in the crypto space.

#新闻

Binance Excellent Trader 24H Position Statistics-20240522

The order opening records of the order takers are captured on a daily basis. If you want to see who’s account, please leave a message

#跟单推荐 #跟单

$WIF ready to take off

Glassnode’s latest article, in-depth on-chain data analysis. 《A Macro Reset》20240522

Summary of AI key content and future market trends

1. Supply-side dynamics: - Selling pressure easing: Selling pressure on long-term holders (LTH) has dropped significantly since the all-time high in March. The LTH binary spending indicator shows a significant decrease in LTH distribution activity, indicating weakening resistance for the bulls. - Increase in short-term holders (STH): Bitcoin supply among short-term holders has increased significantly, reflecting new investors buying Bitcoin during the correction. The local divergence between LTH and STH supply further strengthens the view that selling pressure from mature investors has cooled. -Intensified holding preference: Activity indicators indicate that the Bitcoin network is currently experiencing more coin-day generation than destruction, showing an increased market preference for long-term holding of coins rather than active selling for profit.

2. Demand-side trends: - Moderate capital inflows: Although slower than the peak, capital inflows into the Bitcoin network remain in a positive, profit-led range. Although the demand is relatively mild compared to the ATH period, it is enough to support the current price trend when the selling pressure is reduced.

3. Volatility compression: - Sell-side risk ratio decreases: The sell-side risk ratio (which measures the ratio of the total value locked in coins spent on the chain relative to the realized market capitalization) has significantly reduced, suggesting that the market has reached a certain degree of equilibrium during the correction. A low ratio usually indicates a low-volatility environment and the potential for profits and losses to be exhausted within the current price range. - Decreased price volatility: The percentage range between the highest and lowest prices over the past 60 days has continued to narrow, reaching levels commonly seen after long periods of consolidation and before major market moves.

4. Top heaviness assessment: - Unspent transaction output actual price distribution (URPD) analysis: URPD data shows that approximately 15.9% of the Bitcoin supply is concentrated not far below the current market price, forming a strong support cluster. Conversely, only 1.1% of the circulating supply is above the current market price, reducing the risk of top heaviness.

Conclusion and future market impact:

Following LTH’s high-intensity distribution during the $73K ATH period, selling pressure eased significantly, creating conditions conducive to higher prices even with moderate demand.The compression of volatility over longer time frames and the formation of a solid support cluster below current market prices indicate that the Bitcoin market is well-positioned for potential price growth. While the market may still be volatile, factors such as reduced selling pressure, continued moderate capital inflows, and reduced volatility point to a possible resumption of upward momentum in the Bitcoin market. However, investors should remain cautious, closely monitor market dynamics, and make decisions based on in-depth analysis of multiple factors.
#Crypto#链上数据 #BTC

"The probability of approval of the spot Ethereum ETF has increased to 75%, and cryptocurrencies have become political bargaining chips in the election year"

AI key points:

1. The probability of ETF approval has been raised: Eric Balchunas, an ETF analyst at Bloomberg, raised the probability of approval of the spot Ethereum ETF (Exchange-Traded Fund) from 25% to 75%, because he heard that the SEC (U.S. Securities and Exchange Commission) may make a 180-degree turn on this issue and has asked ETF exchanges to accelerate the update of 19b-4 applications.

2. Key time points: The SEC faces a deadline of May 23 and May 24 to make a decision on VanEck and ARK's Ethereum ETF applications. Although the approval results may not be seen in May, August may usher in a turning point, because the deadlines for Fidelity and BlackRock's Ethereum ETF applications are August 3 and August 7, respectively.

3. Political factors: Analysts believe that political factors have become the key reason for the shift in ETF approval. In an election year, the SEC's rejection of the spot ETH ETF may consume its political capital and be unfavorable to the Democratic government's election prospects. In addition, the Senate passed the SAB 121 bill to repeal the restrictions on cryptocurrency custody. Although it faces a possible veto by President Biden, if it is finally signed or not taken action, it will reflect the Democratic government's shift in attitude in the field of cryptocurrency.

4. Impact of the repeal of SAB 121: SAB 121 requires digital asset custodians to treat digital assets as liabilities and hold corresponding cash at fair value to offset, which hinders financial companies from custodial cryptocurrencies. Its repeal is expected to lift this restriction and promote the acceptance and application of cryptocurrencies in the traditional financial system.

In summary, with the political considerations of the election year, regulatory policy dynamics (such as the possibility of repealing SAB 121), and the accelerated update of exchange applications, the possibility of approval of the spot Ethereum ETF has increased significantly, especially in August.

The 19b-4 and S-1 forms in the U.S. Securities Exchange Act are two very important documents in the securities market, and they play a key role in the approval process of ETFs (exchange-traded funds). The following explains these two in detail and discusses the approval of the spot Ethereum ETF and the role of cryptocurrency in politics.

Differences between 19b-4 and S-1:

Form 19b-4
Purpose: Form 19b-4 is usually submitted by a stock exchange or other self-regulatory organization to the U.S. Securities and Exchange Commission (SEC) to apply for approval of changes to its rules.This includes exchange operating rules, listing standards, fee structure, etc.

Importance: For ETFs, any rule changes regarding their listing and trading need to be approved by the SEC by submitting Form 19b-4.

S-1 Form
Purpose: Form S-1 is a registration statement submitted to the SEC by companies that wish to publicly issue securities in the United States. For ETFs, this means that issuers need to register their new fund products by submitting Form S-1 and provide detailed information required by investors, including the fund's structure, investment objectives, risk factors, etc.

Importance: Approval of S-1 is a necessary step before ETFs begin trading, as it ensures transparency and fairness and protects the interests of investors.

#热点资讯 #以太坊 #eth

Bit Market Daily | Spot Ethereum ETF approval expectations unexpectedly raised, crypto market surges
🚀

I can’t post a link here, search my Twitter to read the full text. @0xbitmaster
#日报 #行情局势 #以太坊ETF批准预期

2024 Crypto March Calendar.
Altcoin season is coming?

Documentation data Update.
I was traveling recently and made a mistake a few days ago. The market moved abnormally, resulting in an 8.5% retracement.
I came back today and my net worth hit a new high🚀
Maintain awe of the market, rather miss than make mistakes, and stay patient. 🙏
#BTC #热门话题 #copytrading #跟单 #跟单推荐

Cryptocurrency February calendar 2024 #热门话题 $APE $DYDX $STX $matic

When the market as a whole falls, looking at the 1H RSI heat map, relatively strong coins (relatively immobile) will rise more when the market rebounds. #交易策略 #交易复盘

How is the scenery? Guess I'm there. #内容挖矿 #热门话题 #JUP

8-day performance: 45% return rate, 0 retracement, 92% winning rate.
Come and follow me!#跟单推荐 #带单 #跟单 $SOL