Recently, the cryptocurrency circle of friends has been flooded with a new regulation, which is the "Interpretation of the Supreme People's Court and the Supreme People's Procuratorate on Several Issues Concerning the Application of Law in Handling Criminal Cases of Money Laundering"

In short, this is a new regulation jointly issued by the Supreme People's Court and the Procuratorate to combat money laundering crimes. This new regulation has 13 articles, with the focus on comprehensively combating money laundering crimes.

In particular, Article 5 explicitly includes "virtual asset transactions" as a catch-all clause for money laundering crimes.

According to Article 13 of the Interpretation, the new regulations will come into effect on August 20, 2024.

After the "Interpretation" was officially implemented, it attracted widespread attention, especially the provisions on virtual currency.

After the promulgation of the two high courts and one law, the criteria for determining "serious circumstances" of money laundering crimes were clarified, and we need to pay special attention to the issue of withdrawals.

Previously, the biggest risk of withdrawing cryptocurrencies was freezing your card or confiscating your funds.
But now, not only will your bank card be frozen, you may also be convicted of money laundering.
After the new regulations are introduced, the following two aspects need special attention regarding the issue of deposits and withdrawals: the first is the obligation to guard against funds during the withdrawal process, and the second is the importance of the transaction contract.

1. How do we identify black money? How do we prevent receiving black money?

Today, the crypto market has welcomed another wave of increases, with Bitcoin climbing back to 99,000 USD and Ethereum reaching 3,670 USD.
However, the market's liquidity is still relatively low, and the turnover rate is not high.
Mainly, short-term investors are trading frequently, while early investors have been relatively quiet over the weekend.
Tomorrow, US institutions and investors will end their Christmas holidays, and market liquidity may gradually recover.
From the data, the current turnover rate has dropped to bear market levels. This situation has occurred many times before the election, but it has rarely happened after the election.

The crypto market has picked up a bit in the past two days.
BTC returned to 98,200 US dollars and ETH fluctuated at 3,600 US dollars.
SOL also rose to US$217, and the average increase in altcoins was around 10%.
It is worth noting that the possibility of SOL spot ETF being approved is increasing, so you can pay attention to the time node of January 25th.
On the prediction platform Polymarket, the probability of SOL spot ETF passing has risen to 86%.
This may mean that someone knew some news in advance and got ahead of the game, which is one of the reasons why SOL has been performing strongly recently.
Recently our member group has also been continuously buying SOL at the bottom to see if there will be any surprises later.

Yesterday, the crypto market experienced a rebound, with Bitcoin fluctuating around 97,000 dollars and Ethereum around 3,463 dollars.
Among altcoins, the AI sector's ai, io, and akt have also seen a price rebound, with funds beginning to flow into traditional AI sectors.

Yesterday, Binance also launched contract trading for ai16z, zerebro, and griffain.
This indicates that the AI sector has entered a period of emotional fervor, and there is a short-term demand for a correction.
Remember to double your principal, leave profits in, and keep some bullets to cope with correction markets.
It is worth noting that today marks the 16th anniversary of the birth of Bitcoin's genesis block.

In the past two days, the crypto market has seen a small rebound.
Bitcoin returned to 95,000 US dollars and fluctuated, while Ethereum fluctuated at 3,389 US dollars.
Judging from the K-line, the price of Bitcoin fell from US$108,000 to a low of US$91,500.
After many attempts, it has stabilized in the short term, and $91,500 is a relatively strong support level.
If this level is broken, we will see $89,000 and $83,475.
From the perspective of market sentiment, the Fear and Greed Index has dropped to 51, indicating that market sentiment is a bit depressed.

It is expected that market liquidity and sentiment will gradually recover after January 6, when U.S. institutions and investors end their Christmas holidays and return to work.

Affected by the decline of US stocks yesterday, the crypto market is following the US stocks in a correction. Bitcoin fluctuated at $92,800, and Ethereum fluctuated at $3,350.
The market has been falling recently, mainly due to insufficient market liquidity and the fact that US institutions and investors are still on Christmas holiday.
Another part of the reason is because of Mentougou.
In the past two weeks, the Mt. Gox address has been selling bitcoins, selling a total of 1,338 bitcoins, worth about $123 million. They still have more than 36,000 bitcoins left.

However, this selling pressure has little impact on the market, and the market needs some time to digest this selling pressure.

Over the weekend, the market was relatively calm, with Bitcoin fluctuating around $93,700 and Ethereum around $3,400.
Due to the lack of participation from major institutions and market makers, the market trading volume has already reached very low levels.
From the liquidation map, it appears that not many people have opened contracts recently; even if Bitcoin rises to $104,000 in the short term, it would only trigger $1.9 billion in liquidations.

If it drops to $84,000, it would only trigger $1.28 billion in liquidations. This indicates that most people are currently on the sidelines.
It is expected that this fluctuating market will last until around January 6, when US institutional investors return from their Christmas holidays, and market liquidity will slowly recover.

Market liquidity and sentiment have been relatively low recently, with Bitcoin fluctuating around $94,400 and Ethereum fluctuating around $3,330.
This is similar to our previous expectations for the Christmas holidays. It is estimated that market liquidity will gradually recover after January 6.
Now is also a time to test market sentiment, especially as these two days are weekends, liquidity may be worse and the market will be more dependent on sentiment.
However, I think Bitcoin has reached a bottom range, and $94,000 is already very attractive, so you can buy the dip in batches.

The buying power of Bitcoin is also very strong. Institutions and big investors are continuing to buy at the bottom. I also bought a little myself in the past few days.

The market has been a bit quiet these past two days, with low market sentiment and liquidity.
Bitcoin is fluctuating around $96,270, while Ethereum is fluctuating around $3,375.
Currently, funds are still concentrated in mainstream assets like Bitcoin and Ethereum, and there is not a high risk preference among investors.
Most altcoins are also adjusting along with the market, but platform tokens are performing the strongest, with BGB, FTT, and GT rising against the trend.

However, BGB seems a bit overvalued in the short term, and there is a demand for a pullback; it is advisable not to chase the highs and to wait for a pullback before gradually buying in.

Recently, American institutions and investors have been on long holidays, resulting in a general lack of liquidity in the crypto market.
Bitcoin is fluctuating around $99,000, while Ethereum is fluctuating around $3,462.

It can be seen that both Bitcoin and Ethereum are experiencing a decline in trading volume.
The upcoming trend may be dominated by market sentiment due to insufficient liquidity.
We should focus on the Asian market; if the Asian market can stabilize, the price will not fluctuate too much.
But if the Asian market starts to panic and sell off, this Christmas may not be peaceful.

In the past two days, Bitcoin's price has dropped, but most altcoins have not followed suit, and today there is a general rise.
Currently, Bitcoin is being drained by altcoins; a new round of altcoin season may be coming.
Among altcoins, the DeFi and AI sectors are performing the best, with projects like Aave, CRV, and Usual all rising over 20%.

These projects are all related to regulatory narratives in the U.S.; AAVE is related to Trump concepts, and CRV is also collaborating with BlackRock.
On-chain AI projects like Virtual, AIXBT, and Game have also rebounded, and the exchange rate of Solana to Ethereum has also begun to reverse. This indicates that some funds have flowed into the Solana ecosystem.

Over the weekend, institutions are not at work, so the overall liquidity in the crypto market is relatively low.
Bitcoin is fluctuating at $94,200, and Ethereum is fluctuating at $3,230.
The day after tomorrow is Christmas, and most American investors will start taking long holidays, which is expected to last until around January 5th. During this time, market liquidity may further decrease.
Analysts from Greeks.live also posted on Twitter that this Wednesday is Christmas, and major exchanges in Europe and the US will be closed, with market funds usually flowing out during this period.
Currently, spot ETFs are the main external funding source for the crypto market, and capital outflows put more pressure on the market than in previous years, with a strong risk-averse sentiment.

Affected by Powell's hawkish speech, gold prices fell below $2600, and the S&P 500 index recorded its largest single-day drop since 2001.
Bitcoin fell more than 5% in 24 hours, almost dropping below $100,000, and Ethereum's lowest price reached $3,618.
Altcoins are generally following the market's pullback, with an overall decline of around 15%.
Last night I noticed that large holders were selling off, and I informed everyone in the member group to reduce their positions immediately; the members are ready to buy the dip.

This morning I updated several dip-buying projects and price points in the group; everyone can place orders in advance and buy in batches.

Yesterday, Bitcoin hit a new high, reaching $107,793.
This increase in Bitcoin is mainly due to MicroStrategy's stock being added to the NASDAQ 100 index, and their CEO Michael Saylor announcing a large increase in Bitcoin holdings.
MicroStrategy spent $1.5 billion yesterday to buy 15,350 BTC, with an average price of $100,386.

This indicates they believe that Bitcoin at $100,000 is just the beginning, so they continue to buy in large amounts.
However, in the short term, this Bitcoin increase is mainly driven by MicroStrategy, and this momentum may not last long.

Today, Bitcoin set a new historical high at $106,648, marking the first time since 2021 that Bitcoin has risen for seven consecutive weeks, showing very strong performance.

Ethereum has also broken through $4,000, reaching a peak of $4,087.

Among altcoins, ONDO and ENA are performing the most prominently, mainly because the Trump family's crypto project World Liberty has invested in ONDO, ENA, and other projects.

Since November 30, the multi-signature address of the World Liberty project has spent $44.74 million in USDC, investing in six projects: ETH, cbBTC, LINK, AAVE, ENA, and ONDO.

Today, MicroStrategy's stock has been included in the Nasdaq 100 index, which is a long-term benefit for the crypto industry and further boosts market sentiment.

As a result, the price of Bitcoin has returned to around $102,000, while Ethereum is fluctuating around $3,900.
What does it mean for MicroStrategy's stock to enter the Nasdaq 100 index?
This means that they can borrow more money using American investors' funds to buy Bitcoin.
In the future, more mainstream funds will passively buy MSTR stock through index funds, and the capital in the crypto space is growing, which will further drive up the price of Bitcoin.

Today, the market continues to consolidate sideways.
Bitcoin is fluctuating around $100,000, while Ethereum is fluctuating around $3,930.
Among altcoins, the strongest performers are the AI meme and DeFi sector projects, with LINK, AAVE, and VIRTUAL showing counter-trend rises.
Someone asked if Bitcoin will drop significantly during Christmas.
I think the possibility of a big drop is very small now.
The recent drops have all been liquidation events triggered by short squeezes.
From the contract map, it can be seen that wherever the columns are numerous, the main force will explode that side, which is very accurate.

It can be seen that the main force is washing out some leveraged and uncertain chips to prepare for the next wave of upward movement.

In the past few days, the crypto market is still in a volatile trend, with Bitcoin fluctuating around 97,500 USD and Ethereum around 3,655 USD.
Currently, the market has not stopped falling and stabilizing; it is expected that this volatile trend will last at least 5-10 days.
Among altcoins, most are following Bitcoin for a volatile adjustment.
Someone asked, will Bitcoin be broken by quantum computers?
Recently, Google released its first quantum chip, and some people have begun to worry that quantum computers will crack Bitcoin's private keys.

I think everyone is a bit too nervous; the likelihood of Bitcoin being cracked is very small.

Last night, the crypto market experienced a significant drop, with Bitcoin falling to a low of $94,150 and Ethereum reaching a low of $3,509.
Altcoins generally saw a decline of around 20%.

Yesterday morning, I noticed that the majority of altcoins began to break down, and I reminded the member group that altcoins might experience a major correction, so it's important to manage altcoin positions.
From the current trend, there's no rush to bottom-fish; you can adopt a strategy of buying more on big drops, small buys on small dips, and not buying when prices don't drop.
Don't shoot all your bullets at once; cherish the few bullets you have in hand.