Brother Sun is going to launch stablecoins @justinsuntron Let’s not talk about whether the #USDD annual yield of over 20% is much or little; first, the amount of interest and returns is really light as a feather compared to the safety of funds. Experienced investors know that the decoupling of UST caused LUNA to collapse, which subsequently triggered a series of liquidations and bankruptcies, just like the collapse of FTX. SBF's explosive hair and arrest are all related!
So the questions arise: how to ensure the following issues? 👇
1️⃣• Collateral Assets We all know that theoretically, for every USDT issued, there should be one dollar in a regulated account or enough assets as collateral!
2️⃣• Auditing and Monitoring How to ensure that the actual asset reserves of the stablecoin exist and are sufficient requires regular audits. Who will perform the third-party auditing? Who will supervise?
3️⃣• Liquidity Stablecoins need to have sufficient liquidity on different exchanges and platforms to ensure that users can exchange and trade at any time. If liquidity is insufficient or lacks application scenarios, how can user returns and safety be guaranteed!
4️⃣• Legal Compliance Stablecoins need to comply with relevant regulations in various jurisdictions. Especially when it comes to cross-border payments or financial services, whether licenses or authorizations from specific regions or countries have been obtained!
1️⃣ BlackRock stops selling BTC, today’s outflow is zero
2️⃣ MT GOX begins transferring $1 billion worth of Bitcoin
3️⃣ After the release of the U.S. 'small non-farm' data, the probability of the Federal Reserve maintaining interest rates unchanged in March is 93%
4️⃣ Hong Kong Chief Executive John Lee's X account is suspected to have been hacked, and token-related content has been posted, warning users to be cautious of risks
5️⃣ Coinbase is restarting its plan to tokenize its COIN stock and other securities
6️⃣ The Trump family's WLFI project purchases $25 million in WBTC, ETH, and MOVE tokens
7️⃣ Total net outflow of Bitcoin spot ETF is $38.2958 million, and total net outflow of Ethereum spot ETF is $63.3202 million
8️⃣ Gate.io is suspected to destroy $63.88 million GT in Q4 2024
9️⃣ After being pardoned, dark web Silk Road founder Ulbricht appears at a congressional joint meeting
🔟 Ethena unlocked 207 million ENA tokens yesterday, valued at approximately $741 million, accounting for 39.17% of the circulating supply. A total of 12 wallets have transferred 125 million ENA (approximately $45 million) to exchanges such as Binance, Bybit, and FalconX, which may pose significant selling pressure.
1️⃣ $280 million liquidated across the network in the last 24 hours 2️⃣ Total contract open interest across the network is $99.05 billion 3️⃣ Total trading volume across the network in 24 hours is $211.18 billion
‼️ Cherish life, stay away from contract trading‼️
Market Analysis📈📉
#BTC The big coin has performed strongly these past two days, mainly supported by expectations of strategic reserves at the crypto summit, and it has basically rebounded back to the high point when Trump called it! Before the meeting starts, it is likely to maintain this strong posture. Latest data: • Yesterday’s low: 86350 • This morning’s high: 91874 Resistance level: 92500-94010, the current hourly RSI is already overbought, and it clearly feels a bit “topped out.” In this situation, it's best to stay steady, observe a wave first, and don’t rush in! Wait for it to either break upwards or crash downwards, then consider entering with a light position, following the trend!
Remember: Breakthrough is the signal, don’t rush in, staying steady means we’ve already won half the battle! 💪
1️⃣ The President of Belarus orders the development of cryptocurrency mining to generate revenue using surplus electricity.
2️⃣ Trump reiterates the imposition of reciprocal tariffs starting April 2.
3️⃣ The President of El Salvador: Will not stop accumulating Bitcoin due to IMF agreements.
4️⃣ The Texas Bitcoin Reserve bill has been listed in the notice of intent, voting can begin today.
5️⃣ The whale that received the most compensation in the Genesis Trading liquidation has sold 40,000 ETH in the past two days.
6️⃣ Reddit co-founder joins the bidding team to acquire TikTok, planning to put it "on-chain."
7️⃣ The U.S. Bitcoin spot ETF saw a net outflow of $143.44 million yesterday, while the Ethereum spot ETF had a net inflow of $15.86 million.
8️⃣ Sources say that the U.S. and Ukraine plan to sign a mineral agreement, and Trump will announce it today.
9️⃣ The Dow Jones Industrial Average fell by 1.55%, the S&P 500 index dropped by 1.22%, and the Nasdaq fell by 0.35%.
🔟 Federal Reserve's Williams: There is still a lot of uncertainty regarding tariff developments, but currently does not believe there is a need to change interest rate policy.
1️⃣ $480 million liquidated across the network in the last 24 hours. 2️⃣ Total contract open interest across the network is $91.44 billion. 3️⃣ Total transaction volume across the network in 24 hours is $263.01 billion.
‼️ Cherish life, stay away from heavy contracts‼️
Market Analysis 📈📉
#BTC surged to around 88,700 last night but encountered resistance, rebounding more than 7,000 points. Currently, it is still in a rebound trend at the four-hour level. The support below is initially set at 86,000, with a defensive position at 85,000, while the upper target is still focused on the daily resistance at 88,700. If it breaks through, we will look at the range of 92,500-94,500. Those looking to position at lower levels can continue to wait for opportunities at 82,300 and 78,500. Bitcoin has been repeatedly reversing in a V-shape these past few days, which can be attributed to Trump's influence, but the real turning point will depend on Friday's non-farm payroll data. Maintain the rhythm and keep an eye on key levels!
1️⃣ Bitwise submits DOGE spot ETF application to the New York Stock Exchange.
2️⃣ El Salvador increases its Bitcoin holdings again at a low price, with strategic reserves reaching 6,100 BTC.
3️⃣ FTX/Alameda unstakes 3.03 million SOL and distributes it to multiple wallets.
4️⃣ The BTC short position opened yesterday with 'Set 10 Big Goals' may have closed for profit around $90,000 and opened a long position, currently showing a floating loss of $15.62 million.
5️⃣ An ancient whale from the Ethereum ICO, holding 560,000 ETH, transferred 6,022 ETH to an address associated with the Ethereum Foundation 2 hours ago.
6️⃣ Cryptocurrency exchange Kraken states that the U.S. SEC has agreed to withdraw its lawsuit against it.
7️⃣ The Ethereum lending market experienced the largest liquidation event in 12 months in February, with a liquidation amount close to $500 million.
8️⃣ Arkham: Fidelity buys approximately $100 million worth of BTC.
9️⃣ Japan's Dōjima Exchange plans to launch Bitcoin futures trading, with an application as early as this month;
🔟 Gemini co-founder Tyler Winklevoss: XRP, SOL, and ADA are not suitable as strategic reserves; only BTC meets the standards.
1️⃣ $1.01 billion worth of liquidations across the network in the last 24 hours. 2️⃣ Total open interest across the network is $89.95 billion. 3️⃣ Total trading volume across the network in 24 hours is $339.77 billion.
‼️ Cherish life, stay away from heavy contracts‼️
Market Analysis 📈📉
#BTC Bitcoin was dragged down by the U.S. stock market last night; Nvidia briefly fell over 9 points and closed down over 7 points. Looking at Bitcoin on the 4-hour level, strong support is in the range of $75,000-$80,000, and it will likely continue to adjust and test repeatedly. Market sentiment is at a freezing point, and we need to wait for the market to show a decent signal, or see if this week's crypto conference will actually release any substantial good news for confidence to recover. The pace of the market recently has been particularly fast; if there is space, make a quick exit. Don't be greedy, as greed can easily lead to being trapped, and if position control is not handled well, direct liquidation is also a possibility! Maintain the rhythm; preserving life is the most important!
ZKS daily income 800u Circulating market value 120 million USD FDV 2 billion USD So many L2s, so many public chains, so many mainnets May I ask, with so many commercial complexes, where can we find so many places to open stores?
ZKS daily income 800u Circulating market value 120 million USD FDV 2 billion USD So many L2s, so many public chains, so many mainnets May I ask, with so many commercial complexes, where can we find so many places to open stores?
1️⃣ Market rebounds significantly due to Trump's remarks on cryptocurrency reserves.
2️⃣ The whale has closed positions after setting "10 major goals," resulting in a profit of $15.39 million.
3️⃣ The 499,000 ETH stolen by hackers from Bybit may be completely laundered in the next one or two days.
4️⃣ Trump instructs the presidential task force to advance a cryptocurrency strategic reserve that includes XRP, SOL, and ADA.
5️⃣ Metaplanet announces an increase of 156 Bitcoin holdings.
6️⃣ The Grass team deposits 4.75 million GRASS into Bybit, equivalent to approximately $13.01 million.
7️⃣ 3 million SOL (approximately $510 million) transferred from a staking account to Binance cold wallet.
8️⃣ Berachain team members: The news of 10 million tokens unlocking this week is false; it’s actually an airdrop for Boyco deposit users.
9️⃣ Bitcoin spot ETF saw a net outflow of $2.61 billion last week, while Ethereum spot ETF had a net outflow of $335 million in the same week.
🔟 Brazilian football star Ronaldinho Gaúcho posts on X platform sharing Binance co-founder CZ's tweet "Keep Building!" with the caption "On it!"
1️⃣ $850 million liquidated across the network in the last 24 hours. 2️⃣ Total contract open interest across the network is $105.95 billion. 3️⃣ Total trading volume across the network in 24 hours is $349.77 billion.
‼️ Cherish life, stay away from high-risk contracts‼️
Market Analysis 📈📉
#BTC [Market Analysis] March 3 is PMI data day; keep a close watch on today's market! Yesterday BTC fluctuated wildly, with a low of 85,015 and a high of 94,969. Current support levels are at 89,250 and 83,560, with resistance levels at 95,670 and 99,100. Based on the current trend, it is likely to oscillate between 89,500-92,500-94,500 over the next couple of days. As previously reminded, take profits when available and prioritize stability; this remains the strategy—reject volatility and secure gains.
1️⃣Pump.fun February revenue decreased by 38% month-on-month
2️⃣Bybit hacker washed away 62,200 ETH within 24 hours, remaining funds may be cleared within three days
3️⃣A whale created a new wallet and withdrew 1,500 BTC ($129 million) from Binance
4️⃣NFT trading volume decreased by 28.93% to $107.1 million over the past 7 days Pump.fun February revenue decreased by 38%
5️⃣ZachXBT: An unknown victim suffered an attack by North Korean hacker Lazarus Group on Tron, losing about $3.1 million
5️⃣Mask Network founder Suji Yan issued an ultimatum to the hacker
6️⃣The U.S. spot Bitcoin ETF ended an 8-day net outflow, recording net inflow for the first time
7️⃣The Swiss central bank president stated that Bitcoin is not suitable as a reserve asset
8️⃣Trump will host the first White House cryptocurrency summit on March 7
9️⃣CZ mentioned a new token issuance mechanism concept: an initial unlock of 10%, with subsequent unlocks requiring certain price conditions to be met
🔟Vitalik: The Fusaka upgrade still needs to be executed in 2025, hoping to launch related testnet the day after the Pectra upgrade
1️⃣$410 million liquidated across the network in the past 24 hours 2️⃣Total network contract open interest is $97.62 billion 3️⃣Total network 24-hour trading volume is $126.08 billion