数字货币市场
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🔥 Bitcoin and Ethereum spot ETFs yesterday's net inflow/outflow
According to SoSoValue data, on October 7, Bitcoin spot ETFs welcomed a total net inflow of US$235 million, making its total ETF asset value exceed US$58.8 billion, accounting for 4.72% of the Bitcoin market value.
Among them, Fidelity's ETF FBTC led with a single-day net inflow of US$104 million yesterday, and its historical total net inflow reached US$9.95 billion. BlackRock's ETF IBIT also performed well, with a single-day net inflow of US$97.88 million, and its historical total net inflow reached US$21.66 billion.
Grayscale's ETF GBTC and Bitcoin Mini Trust ETF BTC had no capital flow on that day, among which GBTC's historical net outflow was US$20.14 billion, while BTC's single-day net inflow was US$422 million.
In contrast, the performance of the Ethereum spot ETF on October 7 was relatively flat, with a total net inflow of zero. This was the second time that the ETF had a single-day net inflow of zero since its launch. The last time was on August 30. Currently, the total net asset value of the Ethereum spot ETF is US$6.7 billion, accounting for 2.28% of the market value of Ethereum, and the historical cumulative net outflow has reached US$554 million.
🧐 Viewpoint:
Although the Bitcoin ETF shows an inflow of funds, investors still need to be wary of the risks brought by market volatility. For those seeking a diversified portfolio, ETFs may provide a relatively safe way to invest in cryptocurrencies. But while pursuing high returns, the importance of risk management should not be ignored.
At the same time, regulatory policies in different countries, such as the development of the situation in the Middle East and the latest actions of the Federal Reserve, may have a direct impact on the performance of cryptocurrency ETFs and the market conditions of the cryptocurrency market. Therefore, investors need to pay close attention to market dynamics, as this may have a significant impact on the flow of funds and overall market sentiment of the ETF.
💬Do you think the strong performance of the Bitcoin ETF will continue? In the current market environment, would you consider investing in cryptocurrency spot ETFs or directly buying and holding cryptocurrencies?
#比特币ETF #以太坊ETF #数字货币市场 #加密货币投资
According to SoSoValue data, on October 7, Bitcoin spot ETFs welcomed a total net inflow of US$235 million, making its total ETF asset value exceed US$58.8 billion, accounting for 4.72% of the Bitcoin market value.
Among them, Fidelity's ETF FBTC led with a single-day net inflow of US$104 million yesterday, and its historical total net inflow reached US$9.95 billion. BlackRock's ETF IBIT also performed well, with a single-day net inflow of US$97.88 million, and its historical total net inflow reached US$21.66 billion.
Grayscale's ETF GBTC and Bitcoin Mini Trust ETF BTC had no capital flow on that day, among which GBTC's historical net outflow was US$20.14 billion, while BTC's single-day net inflow was US$422 million.
In contrast, the performance of the Ethereum spot ETF on October 7 was relatively flat, with a total net inflow of zero. This was the second time that the ETF had a single-day net inflow of zero since its launch. The last time was on August 30. Currently, the total net asset value of the Ethereum spot ETF is US$6.7 billion, accounting for 2.28% of the market value of Ethereum, and the historical cumulative net outflow has reached US$554 million.
🧐 Viewpoint:
Although the Bitcoin ETF shows an inflow of funds, investors still need to be wary of the risks brought by market volatility. For those seeking a diversified portfolio, ETFs may provide a relatively safe way to invest in cryptocurrencies. But while pursuing high returns, the importance of risk management should not be ignored.
At the same time, regulatory policies in different countries, such as the development of the situation in the Middle East and the latest actions of the Federal Reserve, may have a direct impact on the performance of cryptocurrency ETFs and the market conditions of the cryptocurrency market. Therefore, investors need to pay close attention to market dynamics, as this may have a significant impact on the flow of funds and overall market sentiment of the ETF.
💬Do you think the strong performance of the Bitcoin ETF will continue? In the current market environment, would you consider investing in cryptocurrency spot ETFs or directly buying and holding cryptocurrencies?
#比特币ETF #以太坊ETF #数字货币市场 #加密货币投资
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US Securities Company Says All Digital Currencies, Including Bitcoin, Will Lose Collateral Value
(US Securities Central Depository and Clearing Corporation) Released New Starting April 30, 2024, as part of the annual update of the credit line, DTCC will implement the following changes to modify the collateral value of certain securities, which may affect the position value applied in the collateral monitor:
· The collateral valuation of corporate notes or bonds rated B1 to B3 will be adjusted from 50% to 70%.
· Any ETF or other investment vehicle that includes Bitcoin or any other cryptocurrency as underlying collateral will have no collateral value and will therefore be subject to a 100% valuation haircut. #大盘走势 #数字货币市场 #质押
(US Securities Central Depository and Clearing Corporation) Released New Starting April 30, 2024, as part of the annual update of the credit line, DTCC will implement the following changes to modify the collateral value of certain securities, which may affect the position value applied in the collateral monitor:
· The collateral valuation of corporate notes or bonds rated B1 to B3 will be adjusted from 50% to 70%.
· Any ETF or other investment vehicle that includes Bitcoin or any other cryptocurrency as underlying collateral will have no collateral value and will therefore be subject to a 100% valuation haircut. #大盘走势 #数字货币市场 #质押
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$IRIS 【Shock is coming! Catcoin, setting off a new storm in cryptocurrency]
🔥Catcoin, a cryptocurrency project with a priceless Internet domain name - catcoin.com, has an auction bid of up to $1.5 million! This unparalleled wealth has established Catcoin’s position in the cryptocurrency field.
🐾On Twitter, Catcoin has more than 26,000 loyal fans and is very popular. Compared with other meme projects, Catcoin is better and leads the trend.
💪Since its establishment in early 2023, Catcoin has experienced the baptism of the bear market and remains unswervingly committed to community building, with unprecedentedly strong cohesion and centripetal force.
🚀Catcoin is inspired by Dogecoin, which is highly praised by Musk, and will soon become a strong competitor to directly compete with Dogecoin. The cat-dog war is about to break out!
��Free trade! Catcoin has no transaction tax and is free to buy and sell. From the beginning, the project has aimed to be launched on the world's top exchanges such as OKx and Binance. The market value has exploded and the future is promising!
$TRB $DOGE
🌟Catcoin, the shining star of the cryptocurrency bull market in 2024, has grown thousands of times and is amazingly launched!
🌍At present, Catcoin has received a lot of attention in Europe and the United States, but its popularity in Asia is still low. With the influx of Asian buyers, Catcoin will soar into the sky!
Grab Catcoin and start a new era of cryptocurrency together! Hurry up and join us to create brilliance together! 🔥🐱💰
#加密大LOGO Currency #猫狗 Dog War #区块链浏览器 #数字货币市场 #投资理财
🔥Catcoin, a cryptocurrency project with a priceless Internet domain name - catcoin.com, has an auction bid of up to $1.5 million! This unparalleled wealth has established Catcoin’s position in the cryptocurrency field.
🐾On Twitter, Catcoin has more than 26,000 loyal fans and is very popular. Compared with other meme projects, Catcoin is better and leads the trend.
💪Since its establishment in early 2023, Catcoin has experienced the baptism of the bear market and remains unswervingly committed to community building, with unprecedentedly strong cohesion and centripetal force.
🚀Catcoin is inspired by Dogecoin, which is highly praised by Musk, and will soon become a strong competitor to directly compete with Dogecoin. The cat-dog war is about to break out!
��Free trade! Catcoin has no transaction tax and is free to buy and sell. From the beginning, the project has aimed to be launched on the world's top exchanges such as OKx and Binance. The market value has exploded and the future is promising!
$TRB $DOGE
🌟Catcoin, the shining star of the cryptocurrency bull market in 2024, has grown thousands of times and is amazingly launched!
🌍At present, Catcoin has received a lot of attention in Europe and the United States, but its popularity in Asia is still low. With the influx of Asian buyers, Catcoin will soar into the sky!
Grab Catcoin and start a new era of cryptocurrency together! Hurry up and join us to create brilliance together! 🔥🐱💰
#加密大LOGO Currency #猫狗 Dog War #区块链浏览器 #数字货币市场 #投资理财
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"Bitcoin and Ethereum rebounded strongly, and the entire network liquidated more than 260 million US dollars."
Bitcoin and Ethereum put on a stunning show of price action last night.
Bitcoin jumped from a low of $40,542 to a peak of $42,750, and Ethereum also successfully returned to the $2,200 mark. This is not only a thrilling event for the digital currency market, but also a major test of investor sentiment.
Bitcoin fell to a low of $40,542 last night, leaving many investors concerned about whether it would fall below the $40,000 mark again. However, Bitcoin did not give in, but showed a strong rebound, reaching a high of $42,757 early this morning, recouping nearly three days of losses.
It is currently quoted at $42,532, with a 24-hour increase of 1.88%.
Whether the rally can continue in the market outlook still needs to be closely observed. Ethereum also followed Bitcoin's lead and fluctuated upwards, reaching a maximum of $2,224 early this morning, regaining the $2,200 level. As of now, there are 43,000 Bitcoins
Most of the top ten currencies narrowed their losses. According to CoinMarketCap data, the top ten currencies all fell with Bitcoin yesterday, but most of them rebounded today, with SOL and ADA recording 2~3%. positive gains.
Both longs and shorts were killed, and the amount of liquidated positions on the entire network doubled. The sharp fluctuations in Bitcoin caused casualties to both longs and shorts.
According to data from Coinglass, 112,922 investors were liquidated in the past 24 hours, with the total liquidation amount reaching $266 million across the network, more than double yesterday’s amount.
Among them, BTC had the highest liquidation amount, reaching US$76.72 million, and ETH ranked third with US$39.88 million.
Factors behind currency price trends Bitcoin’s rebound may have been affected by the U.S. Federal Reserve’s interest rate decision and micro-strategy’s currency purchase plan, while Ethereum benefited from its network upgrade and the development of decentralized finance.
However, the market is still full of uncertainty and volatility, and investors should operate with caution and avoid using excessive leverage.
In this world of digital currencies, every turn can have huge consequences. Facing such violent price fluctuations, we need not only calm analysis, but also firm belief and keen insight.
This time, let us witness the power of digital currency and realize the volatility of the market. But no matter how the market changes, we should keep a clear head and be fully prepared.
#btc #以太坊 #数字货币市场 #投资心得
$BTC $ETH $BNB
Bitcoin and Ethereum put on a stunning show of price action last night.
Bitcoin jumped from a low of $40,542 to a peak of $42,750, and Ethereum also successfully returned to the $2,200 mark. This is not only a thrilling event for the digital currency market, but also a major test of investor sentiment.
Bitcoin fell to a low of $40,542 last night, leaving many investors concerned about whether it would fall below the $40,000 mark again. However, Bitcoin did not give in, but showed a strong rebound, reaching a high of $42,757 early this morning, recouping nearly three days of losses.
It is currently quoted at $42,532, with a 24-hour increase of 1.88%.
Whether the rally can continue in the market outlook still needs to be closely observed. Ethereum also followed Bitcoin's lead and fluctuated upwards, reaching a maximum of $2,224 early this morning, regaining the $2,200 level. As of now, there are 43,000 Bitcoins
Most of the top ten currencies narrowed their losses. According to CoinMarketCap data, the top ten currencies all fell with Bitcoin yesterday, but most of them rebounded today, with SOL and ADA recording 2~3%. positive gains.
Both longs and shorts were killed, and the amount of liquidated positions on the entire network doubled. The sharp fluctuations in Bitcoin caused casualties to both longs and shorts.
According to data from Coinglass, 112,922 investors were liquidated in the past 24 hours, with the total liquidation amount reaching $266 million across the network, more than double yesterday’s amount.
Among them, BTC had the highest liquidation amount, reaching US$76.72 million, and ETH ranked third with US$39.88 million.
Factors behind currency price trends Bitcoin’s rebound may have been affected by the U.S. Federal Reserve’s interest rate decision and micro-strategy’s currency purchase plan, while Ethereum benefited from its network upgrade and the development of decentralized finance.
However, the market is still full of uncertainty and volatility, and investors should operate with caution and avoid using excessive leverage.
In this world of digital currencies, every turn can have huge consequences. Facing such violent price fluctuations, we need not only calm analysis, but also firm belief and keen insight.
This time, let us witness the power of digital currency and realize the volatility of the market. But no matter how the market changes, we should keep a clear head and be fully prepared.
#btc #以太坊 #数字货币市场 #投资心得
$BTC $ETH $BNB
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Hong Kong media: Hong Kong may announce the launch of digital RMB as early as tomorrow
The Hong Kong Monetary Authority (HKMA) is expected to announce details of the launch of the digital renminbi (e-CNY) soon, possibly on Friday. The news indicates that Hong Kong has taken another important step in advancing the field of digital currency. The following is an objective analysis of this event:
1. Review of the pilot project: Under the guidance of the People's Bank of China, the Hong Kong Monetary Authority and the Digital Currency Research Institute launched a pilot project for cross-border payments in digital RMB at the end of 2020. This project has undergone two rounds of technical testing and business verification, covering a variety of consumption scenarios, such as mainland visitors to Hong Kong using digital RMB for consumption at Hong Kong merchants, Hong Kong users exchanging digital RMB through local bank apps, and using digital RMB for payments at offline and online merchants in both places.
1. Review of the pilot project: Under the guidance of the People's Bank of China, the Hong Kong Monetary Authority and the Digital Currency Research Institute launched a pilot project for cross-border payments in digital RMB at the end of 2020. This project has undergone two rounds of technical testing and business verification, covering a variety of consumption scenarios, such as mainland visitors to Hong Kong using digital RMB for consumption at Hong Kong merchants, Hong Kong users exchanging digital RMB through local bank apps, and using digital RMB for payments at offline and online merchants in both places.
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Bitcoin still leads the market, 4 other cryptocurrencies are gaining attention and may be the key to leading us to wealth
OCEAN Since the beginning of 2023, the price of OCEAN has been rising. Initially, it struggled to break above the descending resistance trend line that existed since the all-time high. However, after five failed attempts, OCEAN finally broke out in October and has accelerated its development since then. This week, OCEAN hit a new yearly high of $0.88, with wave numbers supporting the rise and breakout. In fact, Elliott Wave Theory identifies recurring long-term price patterns and investor psychology that help them determine the direction of a trend. MIA orchestrated a classic pump and dump amid the sensational hysteria surrounding the Blast Meme coin. With a current market price of $0.068 (representing a 24-hour change of -94.5%), the MIA token quickly gained traction after its launch on February 29 at 12:00 UTC. The initial price action drove a 22,525% gain in just 5 hours, allowing early backers to reap huge gains as the price topped out at $4. However, it all seemed too good to be true as the sudden dumping move hit high-risk traders hard, triggering a chain reaction that dropped to current price levels. MIA has a market capitalization of $67,000 left—the rapid rise and sell-off appears to be over. CRO In February, Cronos strengthened its collaboration to further increase its adoption. This marks an increase in adoption. Notably, Cowboy Labs has provided an update on their upcoming game, leveraging the power of Unreal Engine. This caught the attention of the gaming community. Additionally, CroSkulls launched Project Kimera, marking the next phase of their gaming protocol expansion efforts. Heading into March, Cronos experienced a significant spike in market momentum. In the past 7 days alone, it has reached an astonishing 40.72%. The surge reflects the bullish sentiment surrounding the Cronos project and was further supported by its trading performance. Furthermore, it has remained above the 200-day simple moving average as the northward move continues. Meanwhile, recent market data shows that Cronos has had 18 green trading days out of 30, accounting for 60% of positive trading days.Combined with its position near cycle highs, this suggests a strong upward trend in its price trajectory. AVAXAVAX has been going through a period of recovery, with market sentiment showing signs of optimism, and despite a slow start to 2024, AVAX has been strengthening, driven by a recovery in the broader market and increased investor confidence. This recovery is noteworthy given that AVAS has maintained its dominance above $50 even amid the market’s volatility. Avax is currently trading around $40, showing signs of a bullish reversal. On the back of the broader market recovery, there is a possibility of breaking through the $50 mark and possibly reaching $60. Looking to the future, AVAX is gaining momentum. It is predicted that it may reach a high of $80 by the end of 2024. #BTC #币圈生存 #数字货币市场
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The so-called opportunity is always an opportunity for some people, and no opportunity is an opportunity for everyone!
Successfully cut down the big pancake at noon for 1500 iodine! Auntie 104 iodine!
Journey thousands of miles through thousands of mountains and rivers, forge ahead and harvest the splendid prosperity! #BTC回调才会更好的上涨 #数字货币市场
Successfully cut down the big pancake at noon for 1500 iodine! Auntie 104 iodine!
Journey thousands of miles through thousands of mountains and rivers, forge ahead and harvest the splendid prosperity! #BTC回调才会更好的上涨 #数字货币市场
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The current market turmoil makes people question whether investors truly understand the market or are they acting blindly out of greed?
Recall that a few days ago, Bitcoin surged to its highest point, with the greed index reaching 93 points.
The market at that time was filled with joy and joy, and this situation is understandable.
However, in the past week, the market has continued to fall, with Bitcoin falling from 72,000 to 63,000.
However, even so, the greed index is still as high as 77 points. Should this be a time of fear?
Looking at $ETH and $BTC , I don’t know if investors are slow to react or if they are looking for lows to buy.
However, judging from the MACD indicator, the market has not yet reached a staged bottom. Meanwhile, the Bollinger Bands have hit the lower rail, indicating the possibility of further declines.
The trading volume was unusually high, setting new highs in previous days.
Judging from the overall situation, it is not recommended to blindly buy the bottom. The more sensible approach is to stay on the sidelines and wait for clearer signals from the market. #以太坊 $BTC $ETH #数字货币市场 #btc
Recall that a few days ago, Bitcoin surged to its highest point, with the greed index reaching 93 points.
The market at that time was filled with joy and joy, and this situation is understandable.
However, in the past week, the market has continued to fall, with Bitcoin falling from 72,000 to 63,000.
However, even so, the greed index is still as high as 77 points. Should this be a time of fear?
Looking at $ETH and $BTC , I don’t know if investors are slow to react or if they are looking for lows to buy.
However, judging from the MACD indicator, the market has not yet reached a staged bottom. Meanwhile, the Bollinger Bands have hit the lower rail, indicating the possibility of further declines.
The trading volume was unusually high, setting new highs in previous days.
Judging from the overall situation, it is not recommended to blindly buy the bottom. The more sensible approach is to stay on the sidelines and wait for clearer signals from the market. #以太坊 $BTC $ETH #数字货币市场 #btc
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$BTC $ETH $BNB 【Shock is coming! Catcoin, setting off a new storm in cryptocurrency]
🔥Catcoin, a cryptocurrency project with a priceless Internet domain name - catcoin.com, has an auction bid of up to $1.5 million! This unparalleled wealth has established Catcoin’s position in the cryptocurrency field.
🐾On Twitter, Catcoin has more than 26,000 loyal fans and is very popular. Compared with other meme projects, Catcoin is better and leads the trend.
💪Since its establishment in early 2023, Catcoin has experienced the baptism of the bear market and remains unswervingly committed to community building, with unprecedentedly strong cohesion and centripetal force.
🚀Catcoin is inspired by Dogecoin, which is highly praised by Musk, and will soon become a strong competitor to directly compete with Dogecoin. The cat-dog war is about to break out!
��Free trade! Catcoin has no transaction tax and is free to buy and sell. From the beginning, the project has aimed to be launched on the world's top exchanges such as OKx and Binance. The market value has exploded and the future is promising!
🌟Catcoin, the shining star of the cryptocurrency bull market in 2024, has grown thousands of times and is amazingly launched!
🌍At present, Catcoin has received a lot of attention in Europe and the United States, but its popularity in Asia is still low. With the influx of Asian buyers, Catcoin will soar into the sky!
Grab Catcoin and start a new era of cryptocurrency together! Hurry up and join us to create brilliance together! 🔥🐱💰
#加密货币基金 Currency #猫狗 War #区块链冷眼 Chain #数字货币市场 Currency #投资理财
🔥Catcoin, a cryptocurrency project with a priceless Internet domain name - catcoin.com, has an auction bid of up to $1.5 million! This unparalleled wealth has established Catcoin’s position in the cryptocurrency field.
🐾On Twitter, Catcoin has more than 26,000 loyal fans and is very popular. Compared with other meme projects, Catcoin is better and leads the trend.
💪Since its establishment in early 2023, Catcoin has experienced the baptism of the bear market and remains unswervingly committed to community building, with unprecedentedly strong cohesion and centripetal force.
🚀Catcoin is inspired by Dogecoin, which is highly praised by Musk, and will soon become a strong competitor to directly compete with Dogecoin. The cat-dog war is about to break out!
��Free trade! Catcoin has no transaction tax and is free to buy and sell. From the beginning, the project has aimed to be launched on the world's top exchanges such as OKx and Binance. The market value has exploded and the future is promising!
🌟Catcoin, the shining star of the cryptocurrency bull market in 2024, has grown thousands of times and is amazingly launched!
🌍At present, Catcoin has received a lot of attention in Europe and the United States, but its popularity in Asia is still low. With the influx of Asian buyers, Catcoin will soar into the sky!
Grab Catcoin and start a new era of cryptocurrency together! Hurry up and join us to create brilliance together! 🔥🐱💰
#加密货币基金 Currency #猫狗 War #区块链冷眼 Chain #数字货币市场 Currency #投资理财
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🚨Shocked!
Huge amounts of CRV held by Curve founder were liquidated,
UwULend lending platform caused a stir! 🚨
🔥Today, the digital currency circle has set off a big storm! According to the PeckShield security monitoring agency report, the astonishing 20.2 million CRV tokens held by Curve founder Michale Egorov were liquidated on the well-known lending protocol UwULend platform! 😱
💸This is not just a number, it represents huge wealth and trust. Michale Egorov, as the founder of Curve, has always been a leader in the industry, and his actions often lead the market. However, this time his CRV tokens were liquidated, which undoubtedly dropped a heavy bomb on the entire market! 💣
🔍According to PeckShield's detailed report, the executor of this liquidation was the address marked as sifuvision.eth. At present, there has been no clear official response to the specific reasons and motivations behind the liquidation. But this incident has attracted widespread attention and discussion in the community. 🗣️
💡It is worth mentioning that UwULend officials responded quickly after the incident, saying that they had repaid all bad debts in the wETH market, totaling 481.36 wETH, worth about $1,734,042. Although this move has alleviated the panic in the market to a certain extent, Michale Egorov's loss is still a huge unknown. 🤔
🔮This incident not only raises questions about the security of the UwULend platform, but also rings the alarm bell for the entire digital currency lending market. While pursuing high returns, should we also pay more attention to risk management and control? 🤔
💬Finally, I want to say that although the digital currency market is full of opportunities and temptations, it is also accompanied by huge risks and challenges. In this ever-changing world, we need to keep a clear mind and keen insight to gain a foothold in this market. 💪
#数字货币市场 #Curve #UwULend #CRV #币安用户数突破2亿 $CRV
Huge amounts of CRV held by Curve founder were liquidated,
UwULend lending platform caused a stir! 🚨
🔥Today, the digital currency circle has set off a big storm! According to the PeckShield security monitoring agency report, the astonishing 20.2 million CRV tokens held by Curve founder Michale Egorov were liquidated on the well-known lending protocol UwULend platform! 😱
💸This is not just a number, it represents huge wealth and trust. Michale Egorov, as the founder of Curve, has always been a leader in the industry, and his actions often lead the market. However, this time his CRV tokens were liquidated, which undoubtedly dropped a heavy bomb on the entire market! 💣
🔍According to PeckShield's detailed report, the executor of this liquidation was the address marked as sifuvision.eth. At present, there has been no clear official response to the specific reasons and motivations behind the liquidation. But this incident has attracted widespread attention and discussion in the community. 🗣️
💡It is worth mentioning that UwULend officials responded quickly after the incident, saying that they had repaid all bad debts in the wETH market, totaling 481.36 wETH, worth about $1,734,042. Although this move has alleviated the panic in the market to a certain extent, Michale Egorov's loss is still a huge unknown. 🤔
🔮This incident not only raises questions about the security of the UwULend platform, but also rings the alarm bell for the entire digital currency lending market. While pursuing high returns, should we also pay more attention to risk management and control? 🤔
💬Finally, I want to say that although the digital currency market is full of opportunities and temptations, it is also accompanied by huge risks and challenges. In this ever-changing world, we need to keep a clear mind and keen insight to gain a foothold in this market. 💪
#数字货币市场 #Curve #UwULend #CRV #币安用户数突破2亿 $CRV
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U.S. Senators question DOJ's pursuit of cryptocurrency services
Recently, U.S. Senators Ron Wyden and Cynthia Lummis sent an open letter to Attorney General Merrick Garland, questioning his approach to tracing encryption software services. This incident has triggered a new round of debate on digital asset legislation.
In the letter, the two senators pointed out that the action of treating non-custodial crypto services as unregistered money transmission businesses violates existing interpretations. They emphasized that relevant regulations require that the service provider must take over the funds to be considered a transmitter, and the software itself should not be held responsible for illegal finance. This action is considered to be likely to treat software developers as criminals, raising serious concerns about freedom of speech.
In the letter, the two senators pointed out that the action of treating non-custodial crypto services as unregistered money transmission businesses violates existing interpretations. They emphasized that relevant regulations require that the service provider must take over the funds to be considered a transmitter, and the software itself should not be held responsible for illegal finance. This action is considered to be likely to treat software developers as criminals, raising serious concerns about freedom of speech.
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🌐 BETF inscription, the link to the future! 🌐
There are endless opportunities in the digital currency field, and BETF inscription is the bridge to wealth. Every investor is part of our success story, let’s set off a new wave of digital currency together!#BETFCommunity#数字货币市场
There are endless opportunities in the digital currency field, and BETF inscription is the bridge to wealth. Every investor is part of our success story, let’s set off a new wave of digital currency together!#BETFCommunity#数字货币市场
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🌐 The BETF inscription, the link to the future! 🌐
The opportunities in the digital currency field are endless, and the BETF inscription is the bridge to wealth. Every investor is part of our success story, let's set off a new wave of digital currency together! #BETF community #数字货币市场 #ordi#BETF#sats
The opportunities in the digital currency field are endless, and the BETF inscription is the bridge to wealth. Every investor is part of our success story, let's set off a new wave of digital currency together! #BETF community #数字货币市场 #ordi#BETF#sats
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Xinhuo Technology sold its FTX claims for US$19.5 million, 107.8% of the original claim amount
Foresight News reported that Hong Kong-listed Xinhuo Technology Holdings Limited (1611.HK) announced that its wholly-owned subsidiary Hbit Limited reached an agreement with the buyer Ceratosaurus Investors, L.L.C. to sell all its rights, ownership and interests in the FTX claim for US$19.5 million (approximately HK$152 million, 107.8% of the original claim amount of FTX). The announcement stated that the sale will bring in approximately HK$96.95 million in proceeds, including the reversal of the impairment provision for FTX deposits of approximately HK$85.9 million and the transaction price premium of approximately HK$11.05 million. The proceeds will be used for business development, time deposit investment and general working capital. #币圈资讯 #数字货币市场
Foresight News reported that Hong Kong-listed Xinhuo Technology Holdings Limited (1611.HK) announced that its wholly-owned subsidiary Hbit Limited reached an agreement with the buyer Ceratosaurus Investors, L.L.C. to sell all its rights, ownership and interests in the FTX claim for US$19.5 million (approximately HK$152 million, 107.8% of the original claim amount of FTX). The announcement stated that the sale will bring in approximately HK$96.95 million in proceeds, including the reversal of the impairment provision for FTX deposits of approximately HK$85.9 million and the transaction price premium of approximately HK$11.05 million. The proceeds will be used for business development, time deposit investment and general working capital. #币圈资讯 #数字货币市场
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What are the advantages and disadvantages of the recently popular digital RMB?
advantage:
1. Reduce transaction costs;
Transactions in digital currencies do not need to go through the banking system, so transaction costs can be reduced. According to the People's Bank of China, the transaction cost of digital RMB is only one thousandth of that of traditional bank card transactions. This will help improve the efficiency of the payment system and reduce the burden on merchants and individuals.
2. Improve payment convenience;
Digital RMB supports multiple online and offline payment scenarios, and users can make payments anytime and anywhere. In addition, digital RMB also supports quick payment functions such as touch and pay, further improving the convenience of payment. According to statistics from the People's Bank of China, the average daily number of digital RMB transactions has exceeded WeChat Pay and Alipay.
1. Reduce transaction costs;
Transactions in digital currencies do not need to go through the banking system, so transaction costs can be reduced. According to the People's Bank of China, the transaction cost of digital RMB is only one thousandth of that of traditional bank card transactions. This will help improve the efficiency of the payment system and reduce the burden on merchants and individuals.
2. Improve payment convenience;
Digital RMB supports multiple online and offline payment scenarios, and users can make payments anytime and anywhere. In addition, digital RMB also supports quick payment functions such as touch and pay, further improving the convenience of payment. According to statistics from the People's Bank of China, the average daily number of digital RMB transactions has exceeded WeChat Pay and Alipay.
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🌐 BETF inscription, the link to the future! 🌐
There are endless opportunities in the digital currency field, and BETF inscription is the bridge to wealth. Every investor is part of our success story, let’s set off a new wave of digital currency together!#BETFCommunity#数字货币市场
There are endless opportunities in the digital currency field, and BETF inscription is the bridge to wealth. Every investor is part of our success story, let’s set off a new wave of digital currency together!#BETFCommunity#数字货币市场
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Why do most people in China prefer to invest in digital currencies rather than trust A-share stocks!!!
Imagine if the A-share market is a serious, formally dressed banker, then the digital currency market is like an Instagram influencer wearing a neon T-shirt and holding a selfie stick. The A-share guy might push up his glasses in the office and analyze financial statements seriously; while the digital currency guy is at a beach party at the seaside, swaying to electronic music, ready to surf at any time.
A-shares are like old friends that give you a sense of security and make you feel that everything is in order and on schedule. However, for those who seek excitement and love adventure, the stability of old friends may seem a bit boring. In contrast, digital currency is like a new friend that makes your heart beat faster and you don’t know what will happen in the next second. It may bring you the thrill of doubling your wealth at one moment, and it may let you experience the thrill of "running out of money" at another moment.
A-shares are like old friends that give you a sense of security and make you feel that everything is in order and on schedule. However, for those who seek excitement and love adventure, the stability of old friends may seem a bit boring. In contrast, digital currency is like a new friend that makes your heart beat faster and you don’t know what will happen in the next second. It may bring you the thrill of doubling your wealth at one moment, and it may let you experience the thrill of "running out of money" at another moment.
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Trump's Shocking Proposal: Is Bitcoin Going to Be Tax-Free?
Hey, fellow crypto friends, have you ever thought that one day digital currencies like Bitcoin may no longer be subject to capital gains tax? Sounds like a fantasy, right? But former President Trump actually proposed such a plan!
Imagine if you could buy a cup of coffee or a snack with Bitcoin, without worrying about paying extra taxes due to asset appreciation. Wouldn't that be great? Trump recognized this point and proposed eliminating capital gains tax on domestically produced digital currencies, such as Bitcoin and XRP, to promote their everyday use and simplify transactions.
Imagine if you could buy a cup of coffee or a snack with Bitcoin, without worrying about paying extra taxes due to asset appreciation. Wouldn't that be great? Trump recognized this point and proposed eliminating capital gains tax on domestically produced digital currencies, such as Bitcoin and XRP, to promote their everyday use and simplify transactions.