Missed the Wealth Code? Zhao Changpeng's Web3 'Ctrip' soars 300% late at night

In the early hours of December 13, a cryptocurrency token named AVA surged dramatically within just one hour, with an increase of up to 300%. It instantly broke through the $3 mark from around $0.8, setting a new highest price since October 2021. As of the time of publication, the quote for the AVA token was $2.6, with a cumulative increase of over 254% within 24 hours.

What exactly caused the AVA token's price to skyrocket late at night?

The cause can likely be traced back to a tweet posted by Binance founder and former CEO Zhao Changpeng at 11:49 PM on December 12. Zhao wrote: "We invested in this crypto travel platform before the pandemic and the crypto winter."

This tweet pointed directly to the project that the AVA token belongs to — the crypto travel platform Travala. On December 11, Travala announced that its annual revenue surpassed $100 million and that it would include its AVA token and Bitcoin in its corporate strategic reserves. This news immediately sparked widespread attention in the market and provided momentum for the surge in the AVA token's price.

The growth behind the crypto travel platform Travala

According to a report by Cointelegraph, the co-founder and CEO of Travala stated that the platform attracted a large number of cryptocurrency investors and travel enthusiasts by integrating cryptocurrency payments, driving rapid growth for the platform. At the same time, with mainstream cryptocurrencies like Bitcoin being included in strategic reserves, Travala not only gained recognition in the industry but also provided strong support for the value of the AVA token.

This price surge undoubtedly proves that the value of certain infrastructure platforms in the crypto market is being reassessed, especially those with long-term growth potential and those that have received investment from industry giants. In the future, as cryptocurrency payments become more widespread, crypto travel platforms like Travala may encounter more market opportunities and capital attention.
#XRP逆势反弹 #美联储12月降息预期上升 #DeFi全线飙升

Web3 Platform Dapp Portal (Supported by Kaia) releases the first batch of Mini Dapp launch list, including hyper-casual games, iconic IPs, etc. The metaverse game project Yuliverse becomes one of its first partners. LINE NEXT will launch its Dapp Portal service at the end of January next year, providing mini Dapps integrated with LINE communication, dapp discovery, and user rewards.

According to the Tether transparency page, the authorized issuance of USDT on the TON chain has surpassed 1.4 billion USD, currently reaching 1,429,976,002.51 USD, with approximately 211,387,807.26 USD authorized but not issued, and a net circulation of about 1,218,588,195.25 USD. Additionally, according to CoinGecko data, the market cap of the US dollar stablecoin USDT briefly surpassed 140 billion USD today, setting a new record high, currently reported at 139,735,518,669 USD. #DeFi全线飙升

Vancouver Passes Proposal to Integrate Bitcoin into Municipal Financial Strategy

Vancouver has passed a proposal to become a 'Bitcoin-Friendly City'. Vancouver Mayor Ken Sim stated during the city council meeting on December 11, 'We are facing challenges in affordability, and I firmly believe that Bitcoin can address our challenges, including financial and affordability issues.' Previously, Mayor Ken Sim urged the city council to explore integrating Bitcoin into the municipal financial strategy, emphasizing the potential of cryptocurrency to enhance financial stability in turbulent fiat markets. During the city council meeting on December 11, Sim introduced a proposal titled 'Maintaining the City's Purchasing Power through Financial Reserve Diversification - Becoming a Bitcoin-Friendly City'.
#BTC重返10万

The CEO of an insurance company in the United States was shot dead, and the killer has been arrested. It turns out to be a wealthy and handsome man. The reason for the murder is that he saw many elderly people being defrauded by insurance companies while volunteering at a nursing home, and he himself was denied compensation by the insurance company due to a spinal injury. It is said that the victim, Brian Thomson, the CEO of UnitedHealth Group, had previously requested to raise the denial rate to 10%. The person who invented the insurance industry, I wonder if he was a Jew; you could consider this a genius design. After all, this industry is a highly profitable business, exploiting people's fears and anxieties to gamble on a one in ten million chance. In fact, just gambling on probabilities is fine; willing to bet means being willing to lose. What is truly frightening is the so-called actuaries and CEOs of insurance companies, who meticulously design various plans to lure people into traps, only to have a million reasons to deny claims when it's time to pay out. When a certain insurance company was founded, it attracted all kinds of people without any thresholds, especially middle-aged women, who went all over the world selling insurance, from relatives to friends, exhausting all options. There was no fixed salary, but commissions were as high as 30% to 50%. Think about which industry is so profitable; eventually, when they can't find anyone to sell to, they automatically resign. Therefore, the insurance industry is seen as a very bad industry by many people and is even perceived as highly deceptive. The insurance industry has made the founders and various middle and senior management personnel wealthy, while many victims have been denied compensation for various unjust reasons.

Yoon Suk-yeol's downfall will be more tragic than that of any other South Korean president. At least for now, there are three reasons:
1. To gain a prestigious brand for his wife
2. To manipulate the stock prices of German cars
3. To overly align with the U.S. and Japan, following U.S. foreign policy blindly.
South Korean presidents are generally controlled by chaebols, which are products supported by American capital. Throughout South Korea's presidential history, almost all presidents except Moon Jae-in have ended poorly, with imprisonment, exile, or suicide being common occurrences; this is known as the "Blue House curse."
#加密市场回调

Recently revised anti-money laundering legislation has imposed stricter regulatory requirements on virtual currencies, especially USDT (Tether).
If you hold a significant amount of USDT, you need to be particularly cautious about potential legal risks and operational risks. The following is an analysis and reminder of the relevant content:
1. Legal Risks
• Holding or exchanging USDT for fiat currency through illegal means may be considered illegal financial activity, violating relevant laws and regulations in our country.
• Such actions may result in asset confiscation, fines, or even criminal liability icon.
2. Financial Monitoring Risks
• Within the country, banks and payment institutions icon strictly enforce anti-money laundering monitoring. If fund flows are abnormal, it may result in bank cards being frozen or being required to provide proof of the source of funds.
• Transactions involving overseas virtual currency exchanges icon may also be deemed illegal, and responsible parties may face further accountability.
3. Technical and Operational Risks
• Assets stored in virtual currency wallets, if passwords are forgotten, wallets are damaged, or operational errors occur, may lead to assets being irretrievable.
• Using unauthorized or insecure channels for transactions may also pose security risks.

Suggestions:

• Legal Compliance: Strictly adhere to national laws and regulations, and do not participate in any illegal financial activities.
• Risk Prevention: Enhance personal risk awareness, choose legitimate channels for transactions, and avoid property losses due to improper operations.
• Protect Rights: Manage assets within a legal and compliant framework to ensure the safety of your funds.

Please remain vigilant at all times, and do not violate legal boundaries for short-term gains.
#MicroStrategy增持BTC

Three 'post-95' young men used virtual currency as a means to exchange money and were sentenced to imprisonment and fines by the court for illegal business operations.

Recently, the Jiangsu Province Jianhu County Procuratorate organized law enforcement officers to distribute promotional materials in communities and streets in connection with a new type of crime case involving virtual currency transactions. They explained the main forms of crimes related to virtual currency and interpreted the legal risks of virtual currency transactions. In this case, three 'post-95' young men engaged in foreign exchange 'business' using virtual currency transactions as a medium, completing over 650 transactions and exchanging nearly 30 million yuan within a few months. Following a prosecution by the Jianhu County Procuratorate, the three individuals, including Lin, were sentenced by the court to imprisonment ranging from five years to one year and six months, along with fines. The prosecutor reviewed the case and determined that Lin and the others provided cross-border exchange and payment services using virtual currency as a medium to profit from exchange rate differences, which circumvented national foreign exchange regulations, affected the effectiveness of foreign exchange management and the stability of legal exchange rates, and disrupted the normal order of the financial market. They should be held criminally responsible for illegal business operations according to the law.
#山寨季将持续多久？

Today's 12H Liquidation Heatmap:
btc: Strongest liquidation of short positions at 98500, with significant liquidation of short positions in the 98550-99050 range.
Current three nearest resistance points: 97850, 98200, 98800. (1:07 PM)
Strong liquidation of long positions in the 94000-93450 range, while liquidation of short positions below 93350 is relatively weak.
Current three nearest support points: 95755, 95300, 94666.
eth: Strongest liquidation of short positions at 3848, with significant liquidation of short positions in the 3784-3880 range.
Current nearest resistance points: 3742, 3772, 3828, 3880.
Strong liquidation of long positions in the 3600-3556 range, while liquidation of long positions below 3556 is noticeably weakened.
Current nearest support points: 3660, 3626, 3596, 3560.
ps: Today, both long and short positions have opportunities; the liquidation points and the fluctuating points on the market have been marked.
#山寨季将持续多久？

Zhao Changpeng claims that China will establish a Bitcoin strategic reserve?
On December 10, 2024, according to Sina Finance, former Binance CEO Zhao Changpeng stated at the Bitcoin MENA conference in Abu Dhabi that China may follow the potential Bitcoin strategic reserve plan that the new U.S. government might initiate. However, due to the lack of transparency in Chinese policies, it is difficult to predict specific actions.
In the cryptocurrency market, such statements are undoubtedly a bombshell. Bitcoin, as a typical representative of cryptocurrencies, has its market influenced by numerous factors. If China really intends to establish a Bitcoin strategic reserve, it could have a huge impact on the global Bitcoin market landscape.
However, as of now, there has been no official confirmation of this statement. The cryptocurrency market itself has a high degree of uncertainty and volatility, and such unverified news can easily trigger follow-up actions or panic among investors. Both numerous investors and the entire industry are closely watching whether there will be any official statements or further developments following this event.
It is important to note that in China, activities related to virtual currencies such as Bitcoin are considered illegal financial activities, so from the perspective of existing policies, this statement carries significant irrationality.
#山寨季将持续多久？

Fuck, the account is liquidated
#Meme齐涨

What impact and risks does virtual currency USDT have in China?

In China, virtual currency-related business activities are considered illegal financial activities.

Buying and selling USDT (Tether) carries significant financial risks. From a regulatory perspective, virtual currency trading and speculation disrupt the economic and financial order, fostering illegal activities such as gambling, illegal fundraising, fraud, pyramid schemes, and money laundering. Moreover, the virtual currency market lacks a clear value basis, leading to dramatic price fluctuations that can easily result in severe financial losses for investors.

In China, buying and selling USDT poses certain legal risks; it is not clearly illegal, but related transactions are not protected by law. The following are the specifics:

Policy regulations on buying and selling USDT

In September 2017, the People's Bank of China, along with seven ministries, issued the "Notice on Risks of Token Financing," explicitly prohibiting the trading of RMB and digital currencies as well as the initial public offering of digital currency. On September 24, 2021, the People's Bank of China and ten other departments issued a notice clarifying that virtual currency-related business activities are illegal financial activities.

Judicial practice

In actual judicial cases, the handling of cases involving USDT often depends on the specific circumstances of each case, and there has not yet been a unified precedent indicating the absolute legality or illegality of USDT trading.

Trading risks

USDT trading speculation can disrupt economic and financial order, leading to illegal activities such as gambling, illegal fundraising, fraud, pyramid schemes, and money laundering. If dirty money is received, the account receiving the money could be frozen by the police; if USDT is used to engage in illegal activities and transactions, it is also illegal and may even lead to criminal liability.

#历史见证者打卡

The Financial Times of the UK publicly apologizes to readers for negative reporting on Bitcoin!

Bitcoin has historically broken through $100,000.

On December 5, 2024, the popular column Alphaville of the Financial Times of the UK publicly apologized to readers for years of negative reporting on Bitcoin (BTC).

The Financial Times of the UK stated that Bitcoin has surpassed $100,000, and many comments believe that the Financial Times owes everyone an apology. Now, the apology has arrived: If at any time in the past 14 years you chose not to buy appreciating assets based on our reporting, we deeply apologize. The feeling of asset appreciation is wonderful. Our critical reporting on cryptocurrencies is not support for traditional finance; in fact, we are equally critical of traditional finance.

The Financial Times of the UK has always held a critical stance on Bitcoin, considering it a "negative-sum game."

However, it is ironic that in 2011, one Bitcoin was worth only $8. By 2024, the value of one Bitcoin has surpassed $100,000, an increase of more than 10,000 times.
#历史见证者打卡

Trump to Appoint Former PayPal Executive David Sacks as Head of White House Artificial Intelligence and Cryptocurrency Affairs

On December 5th, local time, U.S. President-elect Trump announced on social media that he will appoint former PayPal Chief Operating Officer (COO) David Sacks as the head of the White House's artificial intelligence and cryptocurrency affairs.

In a statement, Trump said that Sacks will guide the U.S. government's policies on artificial intelligence and cryptocurrency, two areas that are crucial for the future competitiveness of the United States. Sacks will establish a legal framework so that the cryptocurrency industry can achieve the clarity it requires and thrive in the U.S.

Sacks's appointment marks the first time the U.S. federal government has a dedicated position responsible for cryptocurrency and artificial intelligence policy. Sacks is a partner at a venture capital firm and previously played a key role in shaping the early fintech industry as the founding COO of the U.S. payment platform PayPal. Later, he also founded the corporate social networking platform Yammer, which was acquired by Microsoft for $1.2 billion.
#历史见证者打卡