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Binance founder CZ commented on Bhutan's recent decision to establish a cryptocurrency strategic reserve, noting that it goes beyond just Bitcoin and includes a reserve of cryptocurrencies such as ETH and BNB. This pioneering move is expected to inspire more countries to follow suit in the future. CZ highlighted Bhutan's open-minded approach and its welcoming stance toward various cryptocurrencies, which he views as a smart strategy to attract crypto enterprises, investments, and innovation. CZ further emphasized that Bhutan has been mining Bitcoin using surplus hydroelectric power for years, allowing the country to accumulate a significant Bitcoin reserve. For BNB, this decision represents a major recognition and sets a precedent for other countries to incorporate BNB and other cryptocurrencies into their national strategic reserves.
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The U.S. December ADP employment report showed an increase of 122,000 jobs, falling short of the market expectation of 140,000, and marking the lowest level since August 2024
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The U.S. will release the December ADP employment report at 21:15 UTC+8 tonight, with the market expecting an increase of 140,000 jobs, a decline compared to the previous reading. At 21:30 UTC+8, the weekly initial jobless claims data will also be published. Earlier data on job openings and the PMI have led the market to lower its expectations for a Fed rate cut before July. The market is now focused on whether this employment data could shift the outlook for a potential rate cut by the Federal Reserve.
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Turn 10U -> 10000U Challenge - Day 13 Congratulations! We're on track, and everything is progressing exactly as expected. In fact, we've almost doubled our funds! If you've been following our strategy and making a profit, you absolutely deserve it. That said, our goal remains the same: reaching a new all-time high for ETH, potentially between $5000 and $8000. By late January, we'll reassess and determine if it's time to take profits. If the price hits a strong resistance or fails to push higher, we'll obviously adjust our approach. Of course, if you decide to take profits along the way, that's completely up to you—I won’t fault you for it. Keep up the great work! Day 11 12 summary: 1.ETH (10X Long): Size: 0.02 $ETH #10uchallenge #FutureTarding #dailyupdate
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Turn 10U -> 10000U Challenge - Day 11 After a brief two-day break, we are back to our trade. Following some volatility, BTC has moved into its next consolidation range. ETH, on the other hand, has performed impressively, outperforming BTC. ETH has now reached the top of its consolidation range, between 3100-3500, which aligns with our targeted entry zone. For now, we will remain patient and allow the market to determine its next direction before making our next move. Day 10 summary: 1.ETH (10X Long): Size: 0.02 $ETH Total profit: 1.93U(+19.3%) #10uchallenge #FutureTarding #dailyupdate
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