Bitcoin trading platform balance reaches nearly 3-year low
On June 20, CryptoQuant data showed that as of June 19, Bitcoin trading platform reserves (the total amount of Bitcoin available on the exchange) had fallen to a 3-year low of 2,825,703 BTC. In January 2024, the Bitcoin trading platform balance hovered around 3,039,000. Low trading platform reserves indicate low selling pressure and potential supply shocks.

Before he died, the farmer called his son to his side and asked him: "Now the cows on the ranch complain about the heavy work, the pigs complain about the poor food, and the chickens complain about the poor living environment. What are you going to do?"
The son replied: "Reduce the workload of the cows, improve the food of the pigs, and improve the living environment of the chickens."
The landlord said: "You are wrong. Tell them there are wolves outside. The evil wolves are still determined to kill me.

Is this true?

A crazy bull market is coming, and the current adjustment will be the last chance before the bull market! ?

A slow decline every day, whether it is a market with greater volume, no one can tell you accurately, just wait and see the market trend, don't be anxious, don't be anxious.

Happy moment:

I saw my bestie on the street today, she was walking in a hurry! I quickly pulled her over and asked what happened, she replied with a rosy face: My boyfriend's brother has a cold and fever, and he has a runny nose, and he is waiting for me at his house! After saying that, she broke free from my hand and ran away. I was stunned, why was she so anxious because her boyfriend's brother had a cold...

There are three things I don’t buy when the price is rising:
I don’t buy when the price is rising. Because if I buy when the price is rising, I will definitely lose money
I don’t buy when the price is falling. Because it is falling now, I will definitely lose money if I buy
I don’t buy when the price is neither rising nor falling. Because if I buy when the price is neither rising nor falling, I will waste the transaction fee

How should we explain our accounts to prove that we are not involved in money laundering?

(1) We are engaged in normal Bitcoin trading and do not engage in money laundering;

(2) We are not aware of the suspected crime of the outstanding amount received from selling coins;

(3) We cooperate in providing all transaction records, chat records, on-chain transfer records, etc.;

(4) We must be very clear that we are not violating the law by engaging in digital asset transactions.

For OTC transactions, if the bank card for withdrawal is frozen by the public security or judicial authorities, what materials will the other party require the individual to provide in order to unfreeze it?

Common materials to be provided mainly include: complete transaction records, such as bank card flow, on-chain transaction records, order records of the trading platform, WeChat chat records (including the content of the communication process of the transaction), and other evidence that can prove the legality of the assets, even proof of income, etc.

So, if you unfortunately receive black money and your card is frozen, how should you solve it?

First, go to the bank where you opened the account to understand the reason for the card freezing and which authority is responsible for freezing the card.

The reasons for card freezing can be summarized into two types: bank risk control and public security freezing:

1. Bank risk control. The risk control of the bank may be caused by the recent frequent large-amount transfers of cards, scattered transfers and concentrated transfers, concentrated transfers and scattered transfers, fast in and fast out, frequent transactions at night, and no balance in the account, etc., which are collectively referred to as abnormal transactions. Therefore, the bank's anti-money laundering risk control system is triggered.
2. Public security freeze. Usually the account has received other stolen money involved in the case, which may be received directly or indirectly. The public security will stop payment and freeze all related accounts that the money involved in the case flows through, so as to prevent the transfer of funds and facilitate the investigation of the case.

A complete guide to safe withdrawals in the cryptocurrency world (reposted)

Pay attention to a few points to effectively prevent your bank account from being frozen due to receiving black money:
(1) For OTC transactions, try to choose large platforms such as Binance and OEase. These platforms have good communication channels and risk control measures with mainland regulators and law enforcement agencies.
(2) Try to choose OTC platforms that support T+1/T+2 withdrawal strategies. Although you cannot withdraw cash immediately after selling coins, it reduces the risk of suspected money laundering through OTC transactions. For example, Binance T+1 and Huobi Strict Selection transactions (relative to free transactions, T+2 withdrawals).
(3) Avoid directly using stablecoins such as USDT for OTC transactions. For OTC transactions, try to use mainstream currencies such as BTC and ETH.
(4) The bank card for OTC transactions must be a separate card that is not used normally, separated from the salary card, etc., so that even if it is frozen, it will not affect the use of other funds, and it is easy to explain the flow of funds when cooperating with the investigation.
(5) For OTC transactions, try to use local bank cards, such as city commercial banks and rural commercial banks in various places. Large and medium-sized joint-stock and commercial banks such as ICBC, ABC, CCB, and CCB have branches all over the country, so law enforcement agencies can basically freeze their accounts directly.
(6) Do not trade frequently with fixed merchants or fixed users. If the same user makes more than three indirect purchases in one day, or sells the purchases a few hours later, it will be very dangerous and may be suspected of money laundering.
(7) Find reliable OTC merchants to trade with. Try to take the initiative to accept orders from large merchants and market makers, place fewer orders, and avoid merchants in problem areas. In fact, as an ordinary user, it is difficult to tell which merchants are reliable. For example, a large number of friends who traded with Huobi Blue Shield service merchants have also had their cards frozen.
(8) Reduce the frequency of withdrawals and increase the amount of cash.
(9) After OTC transactions, do not transfer the funds to other bank cards to avoid contaminating other funds, which will make it troublesome to cooperate with the investigation. If you need money urgently, you can withdraw cash through ATM or spend it online.
(10) Try to choose weekdays to cash out. It is best to trade during normal working hours such as weekdays, such as between 9 am and 9 pm.
(11) Do not transfer the money out immediately after receiving it. After selling USDT for RMB, do not transfer it out immediately, but keep it in the account for a while.

A blind man visited his relative. After dark, his relative kindly lit a lantern for him and said, "It's late and the road is dark. You can go home with a lantern!" The blind man was furious and said, "You know I'm blind, but you still light a lantern for me to light the way. Aren't you making fun of me?" His relative said, "You made the mistake of limited thinking. You are walking on the road, and many people are also walking on the road. If you hold a lantern, others can see you and won't bump into you." The blind man thought, that's right! This story warns us that limited thinking is thinking from your own perspective, and holistic thinking is to put yourself into the whole environment. If you think about problems systematically, you will find that your behavior will interact with others.

Several tokens with the highest 24-hour increase are announced

According to ChainCatcher, according to RootData data, the top tokens with the highest 24-hour increase are: BLAZE is currently priced at $0.0013, with a 24-hour increase of 43.34%; ART is currently priced at $0.015, with a 24-hour increase of 14.53%; BAKE is currently priced at $0.4404, with a 24-hour increase of 12.57%; NTRN is currently priced at $0.6286, with a 24-hour increase of 10.1%; ENS is currently priced at $22.63, with a 24-hour increase of 8.88%; BB is currently priced at $0.5438, with a 24-hour increase of 6.9%.

A beautiful woman got off work at night and was followed by a lecherous man. The beautiful woman was very scared. When she passed by a cemetery, the lecherous man was about to attack her. The beautiful woman walked to a grave and said, "Dad, open the door, I'm back." The lecherous man ran away in fear.
The beautiful woman laughed proudly at her cleverness, but before she finished laughing, a gloomy voice came from the grave and said, "Girl, why did you forget to bring your keys again?" The lecherous woman screamed and ran away in fear.
At this time, a tomb robber climbed out of the grave and said: "You are affecting my work, I will scare you to death". Suddenly, he found an old man in front of the tombstone, holding a chisel and carving the tombstone, and asked curiously: "What are you doing?" The old man said angrily: "These unworthy descendants have carved my tombstone wrong, so I have to change it myself." The tomb robber was so scared that he ran away. Looking at the back of the tomb robber, the old man sneered: "You are stealing my business, I will scare you to death." The chisel fell to the ground accidentally. The old man was about to bend down to pick it up, but he saw a hand stretched out from the grass, and there was a cold voice: "Ah, dare to change my house number randomly." The old man was so scared that he ran away. A scavenger climbed out of the grass, picked up the chisel on the ground, and sighed: These days, it takes so much effort to pick up a piece of rotten iron.

This morning, I went to buy steamed buns with my funny colleague. On the way, we kept discussing the big-breasted girl we saw yesterday. When we arrived at the steamed bun shop, the funny colleague shouted to the boss: "Boss, 6 breasts, want meaty ones!" There were people all around us at that time! !

I asked the master: "I am a cryptocurrency trader. I am under great pressure, I don't eat well, I don't sleep well, others have time to take a vacation, but I can't. I feel very tired and confused, and I feel very depressed. Master, what should I do?"

The Zen master covered his left chest with his right hand and said nothing.

I asked the master: "You mean don't complain, have a clear conscience, and live up to your dreams, right?"

The Zen master shook his head and said: "Stay away from me. I was a cryptocurrency trader before I became a monk! I feel very depressed when I hear you say these things again today!

People still have to have dreams. Even if you are a salted fish, you have to be the saltiest one!

"Sir, someone has something urgent to ask you. He has been waiting in the living room for 4 hours."
➤ "Let him wait a little longer. Since he has been waiting for 4 hours, it means his business is not urgent."

Lemon wanted to ask for leave from the boss. The boss asked it what was wrong. Lemon said, "I don't know what's wrong. I always feel sore."

The man bought a fish and asked his wife to cook it. Then he went to the movies. His wife wanted to go with him. The man said, "It's a waste of money for two people to watch the movie. You cook the fish and I'll come back after watching the movie. I'll share the story with you while we eat."
When the man came back after watching the movie, he didn't see the fish, so he asked his wife, "Where's the fish?" The wife calmly found a chair and sat down and said, "I ate all the fish. Come, sit down and I'll tell you how the fish tastes. This is how you should be as a person. I will treat you the way you treat me!
A very popular sentence recently, quite classic: "I give you a candy, you are very happy, when you see me give two to others, you have an opinion of me. But you don't know that he also gave me two candies, and you never gave me anything. "

Adam, a researcher at Greeks.live, said that this week is a big macro week. Economic data is relatively favorable to the venture capital market. The US stock market has risen significantly, but the crypto market has performed poorly. The mainstream coins have fallen overall, and the altcoins have fallen even more. There are fewer hot spots in the market recently, and the market is relatively quiet. Now the IV of major medium- and short-term BTC is less than 50%, and the IV of major medium- and short-term ETH is less than 60%, both of which have fallen to a relatively low level, and the buyer has a high cost-performance ratio.

Practice the Way of Trading

1. Trading is about making choices, and you can only gain something if you give up something;
2. Trading is always a probabilistic event, and you may not necessarily gain something if you give up something;
3. Doing the right thing may not necessarily bring the right return, but it will definitely not ruin your life;
4. Trading is life, but it is not the whole life.

According to ChainCatcher, Forbes reporter Eleanor Terrett wrote that SEC Chairman Gary Gensler said in a conversation with Senator Bill Hagerty that he expects the ETH spot ETF S-1 may be approved in late summer.
● BNB Chain and Binance Labs jointly launch BNB Incubation Alliance
According to the BNB Chain blog, BNB Chain and Binance Labs announced the joint launch of the BNB Incubation Alliance (BIA), which aims to support and accelerate the development of early blockchain projects through a series of global activities. Winning projects in the program will have the opportunity to enter the Most Valuable Builder (MVB) program, receive BNB Chain funding, and obtain potential Binance Labs investment opportunities.
● The annual rate of PPI in the United States in May was 2.2%, and the expected rate was 2.50%.
According to BlockBeats, the annual rate of PPI in the United States in May was 2.2%, the expected rate was 2.50%, and the previous value was 2.20%. The monthly rate of PPI in the United States in May was -0.2%, the expected rate was 0.10%, and the previous value was 0.50%. The number of initial jobless claims in the United States for the week ending June 8 was 242,000, compared with expectations of 225,000 and the previous value of 229,000.

1. Driving is easy, only afraid of new people!
2. You can live like a pig, but you can never be happy like a pig!
3. You may feel good living in silence once in a while, but living in silence sucks.
4. You never know how bad your luck is if you don't buy lottery tickets, you never know how bad your popularity is if you don't borrow money, and you never know how ugly you are if you don't go to confession.
5. Meet the person you like to be sure to confess, it doesn't matter if you are ugl, in case he is blind.
6. Time and marriage will make a man mature, but time is a small fire, marriage is a big fire.

For the bear market in the currency circle, the most dangerous month is August, followed by June, October, November and December, but February, May, July and September are also quite dangerous, of course, we must remember, do not take January, March and April lightly, this is also extremely dangerous months.

There are always some lucky people who can get rich overnight.

100,000 becomes 1.5 million in half a year”
This is a story from someone close to me. This friend started investing in Bitcoin in 2016. At that time, BTC was about 5,000 yuan. He also operated short-term at the beginning. Like most newcomers, he often got up at two or three in the morning to check the market. Later, he found that this operation was not worth the loss. He felt that the quality of life dropped sharply and that his emotions were kidnapped by this irregular market.
This short-term operation lasted for two months, and he decisively gave up. After a while, at the end of 2016, he accidentally began to pay attention to Ethereum, so he took out 100,000 spare money to invest in Ethereum. At that time, his personal wealth assets were about 3 to 5 million, so he didn't care about the 100,000 investment, and he was busy with his work. He forgot about it when he was busy. A few months later, it was the first half of 2017, and he suddenly remembered this matter. He bought it on "Bitcoin China", one of the three major trading platforms in China. The other two trading platforms, Huobi and OK, had not yet launched Ethereum. At that time, Zhao Changpeng, the founder of Binance Exchange, was still working as the technical director of OK Exchange.
When he logged into the exchange, 100,000 yuan turned into more than 1.5 million yuan. He thought that the platform data was wrong. After recovering, he realized that he had experienced a bull market.
Later, in the second half of 2017, there was a bigger bull market. This friend learned to allocate investments with more than 1 million yuan in profits, and the peak profit reached nearly 10 million yuan. 100,000 yuan turned into 10 million yuan within a year.