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PM & Dev | On Binance Feed & BitHappy.xyz | X: @BitHaHa | Tip: Always read till the end 🌟
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Do cryptocurrencies need market makers?Market makers provide both buy and sell quotes, creating a token trading service provider with liquidity and depth. ➬ There is no market maker, the trading depth is insufficient, users cannot sell tokens at the holding price, nor can they buy the required number of tokens, which increases transaction costs For example, in an order book-based transaction, if you want to buy 10 tokens, if there is a market maker that provides sufficient liquidity and the price of each token is 4000U, you only need to spend 40000U to buy 10 tokens; on the contrary, if there is no market maker to guarantee sufficient liquidity, the possible situation is 5 sell orders of 4000U and 5 sell orders of 5000U, and your purchase of 10 tokens will cost 45000U, which is 5000U more than with a market maker.

Do cryptocurrencies need market makers?

Market makers provide both buy and sell quotes, creating a token trading service provider with liquidity and depth.

➬ There is no market maker, the trading depth is insufficient, users cannot sell tokens at the holding price, nor can they buy the required number of tokens, which increases transaction costs
For example, in an order book-based transaction, if you want to buy 10 tokens, if there is a market maker that provides sufficient liquidity and the price of each token is 4000U, you only need to spend 40000U to buy 10 tokens; on the contrary, if there is no market maker to guarantee sufficient liquidity, the possible situation is 5 sell orders of 4000U and 5 sell orders of 5000U, and your purchase of 10 tokens will cost 45000U, which is 5000U more than with a market maker.
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Token Economics Decoded: From Circulation to Empowerment, a Must-Read Guide for InvestorsToken economics sounds pretty intimidating. I remember when I first read the project white paper, I skipped this part directly. After all, I had never studied economics. 🤣 In fact, token economics mainly talks about two things. One is the information about the number of tokens, such as the total amount, circulation amount, unlocked amount, etc. The other is the role of tokens in a project or ecosystem, which is often called empowerment. For example, $ETH is used to pay for Gas. Next, follow my thoughts on token economics! ➤ About the number of tokens: The basic information of a token includes at least a few points: the total supply of tokens, the initial circulation of tokens, and the distribution of tokens (project owners/early investors/community airdrops). From these, we can deduce some indicators of whether it is worth buying:

Token Economics Decoded: From Circulation to Empowerment, a Must-Read Guide for Investors

Token economics sounds pretty intimidating. I remember when I first read the project white paper, I skipped this part directly. After all, I had never studied economics. 🤣
In fact, token economics mainly talks about two things. One is the information about the number of tokens, such as the total amount, circulation amount, unlocked amount, etc. The other is the role of tokens in a project or ecosystem, which is often called empowerment. For example, $ETH is used to pay for Gas.
Next, follow my thoughts on token economics!

➤ About the number of tokens:
The basic information of a token includes at least a few points: the total supply of tokens, the initial circulation of tokens, and the distribution of tokens (project owners/early investors/community airdrops). From these, we can deduce some indicators of whether it is worth buying:
See original
The Binance Learning Camp trip to Japan has come to an end!The trip lasted a total of six days and the itinerary was very tight. The first two days were in Shanghai and the last four days were in Japan. Day 1: After arriving in Shanghai by high-speed rail, he immediately met with his community partners and successfully invited a female fan from the community to come to Shanghai from Nanjing. For more details of the story, see: [https://www.binance.com/zh-CN/square/post/16650226408234](https://www.binance.com/zh-CN/square/post/16650226408234) the next day: I met with my childhood friend in the morning, discussed the company's future plans and looked for cooperation opportunities with the vice president of my former company in the afternoon, met with Teacher Wu in the evening, and then booked a room in the hotel to watch a movie and chat.

The Binance Learning Camp trip to Japan has come to an end!

The trip lasted a total of six days and the itinerary was very tight. The first two days were in Shanghai and the last four days were in Japan.
Day 1:
After arriving in Shanghai by high-speed rail, he immediately met with his community partners and successfully invited a female fan from the community to come to Shanghai from Nanjing. For more details of the story, see: https://www.binance.com/zh-CN/square/post/16650226408234
the next day:
I met with my childhood friend in the morning, discussed the company's future plans and looked for cooperation opportunities with the vice president of my former company in the afternoon, met with Teacher Wu in the evening, and then booked a room in the hotel to watch a movie and chat.
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Bullish
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In the recent activities on Binance, the most frequently asked question was "Which coins and narratives do you favor?" Happy's answer was based on the order of his positions. They are $CAKE $BNB $CRV $UNI $IOTX $GMX, with CAKE being the largest position, and the others having similar proportions, together accounting for 80% of his total capital. The underlying logic of the holdings: 1. Most of the holdings are in the "decentralized exchange" sector, with the core reason being that no business is more profitable than an exchange. In any ecosystem that prospers, the first to benefit is the Gas token, followed by the leading decentralized exchanges. 2. Holding $BNB serves two purposes: first, in asset allocation, BNB is relatively stable; second, it supports $CAKE. The underlying logic is that after the energy spillover from Binance behind BNB, the first beneficiary is the BNB Chain ecosystem, which allows CAKE to benefit directly. 3. $CRV currently has three concepts: "decentralized exchange," "stablecoin," and "RWA," and Happy is very fond of the veToken tokenomics model. 4. $UNI is mainly a bet on Ethereum; Happy's original largest positions were Bitcoin and Ethereum, with $ETH's cost around 1500 and $BTC's cost around 16,000. However, on August 5th, a liquidation was triggered, and he almost lost everything. 5. $IOTX is favored by Happy for its DePIN narrative. Although there are voices claiming DePIN is just a scheme, its vision is very promising and has already been proven feasible since Web2. However, in its Web2 version, its biggest problem was capital circulation, which happens to be solved by Web3. The reason for choosing IOTX is that it belongs to the infrastructure of DePIN, while application-layer projects are hard to emerge and are waiting for some phenomenal applications to be born. 6. $GMX is in the on-chain perpetual contract sector, which is also part of decentralized exchanges. The underlying logic for choosing this sector is simple: many people trade contracts, and on-chain contracts have almost no KYC issues, which helps avoid some regulatory problems. Participating in Hyperliquid is also for this reason. Happy has shared these coins many times, and some thoughts have not been fully developed yet; updates will be provided when time permits. In the upcoming "bull market," Happy's focus will be on the BNB ecosystem! #BinanceCampus
In the recent activities on Binance, the most frequently asked question was "Which coins and narratives do you favor?" Happy's answer was based on the order of his positions.

They are $CAKE $BNB $CRV $UNI $IOTX $GMX, with CAKE being the largest position, and the others having similar proportions, together accounting for 80% of his total capital.

The underlying logic of the holdings:

1. Most of the holdings are in the "decentralized exchange" sector, with the core reason being that no business is more profitable than an exchange. In any ecosystem that prospers, the first to benefit is the Gas token, followed by the leading decentralized exchanges.

2. Holding $BNB serves two purposes: first, in asset allocation, BNB is relatively stable; second, it supports $CAKE. The underlying logic is that after the energy spillover from Binance behind BNB, the first beneficiary is the BNB Chain ecosystem, which allows CAKE to benefit directly.

3. $CRV currently has three concepts: "decentralized exchange," "stablecoin," and "RWA," and Happy is very fond of the veToken tokenomics model.

4. $UNI is mainly a bet on Ethereum; Happy's original largest positions were Bitcoin and Ethereum, with $ETH's cost around 1500 and $BTC's cost around 16,000. However, on August 5th, a liquidation was triggered, and he almost lost everything.

5. $IOTX is favored by Happy for its DePIN narrative. Although there are voices claiming DePIN is just a scheme, its vision is very promising and has already been proven feasible since Web2. However, in its Web2 version, its biggest problem was capital circulation, which happens to be solved by Web3. The reason for choosing IOTX is that it belongs to the infrastructure of DePIN, while application-layer projects are hard to emerge and are waiting for some phenomenal applications to be born.

6. $GMX is in the on-chain perpetual contract sector, which is also part of decentralized exchanges. The underlying logic for choosing this sector is simple: many people trade contracts, and on-chain contracts have almost no KYC issues, which helps avoid some regulatory problems. Participating in Hyperliquid is also for this reason.

Happy has shared these coins many times, and some thoughts have not been fully developed yet; updates will be provided when time permits.

In the upcoming "bull market," Happy's focus will be on the BNB ecosystem!

#BinanceCampus
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No, didn't many people receive the stop-profit email reminder? How can it be called a stop-loss? They actually said I was faking it. I don't know whether I should feel sorry for them or be angry. Then I carefully read the content of the email. There is indeed a problem, and I have already reported it to the official. {spot}(LISTAUSDT)
No, didn't many people receive the stop-profit email reminder? How can it be called a stop-loss? They actually said I was faking it. I don't know whether I should feel sorry for them or be angry.

Then I carefully read the content of the email. There is indeed a problem, and I have already reported it to the official.
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BitHappy
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Contract grid $LISTA successfully closed with a profit of 358%!✌️
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Contract grid $LISTA successfully closed with a profit of 358%!✌️
Contract grid $LISTA successfully closed with a profit of 358%!✌️
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Binance event sponsor $YGG After the sharing, everyone's questions were quite sharp. One is the trapped position @_FORAB , and the other is that GameFi may not take off @Phyrex_Ni . Hapi has actually demystified GameFi long ago. One is that as a traditional game developer, the success rate of games is extremely low; the other is the disillusionment of GameFi in 2021! YGG mentioned esports in its future planning, and this development path is indeed good. Esports is a relatively new development route in the gaming industry, benefiting from live streaming platforms, social media platforms, and Wang Sicong! #BinanceCampus
Binance event sponsor $YGG After the sharing, everyone's questions were quite sharp.

One is the trapped position @AB Kuai Dong , and the other is that GameFi may not take off @PhyrexNi .

Hapi has actually demystified GameFi long ago. One is that as a traditional game developer, the success rate of games is extremely low; the other is the disillusionment of GameFi in 2021!

YGG mentioned esports in its future planning, and this development path is indeed good. Esports is a relatively new development route in the gaming industry, benefiting from live streaming platforms, social media platforms, and Wang Sicong!

#BinanceCampus
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Is the BNB ecosystem going to take off? Let’s take a look at THENA DEX!THENA’s official definition: decentralized exchange and liquidity hub on BNBChain and opBNB. In fact, the liquidity center does not need much explanation. Liquidity is the basic service of all DEXs, and trading is only possible with liquidity. We need to look at the decentralized exchange business. THENA includes both spot and contract transactions. Everyone is familiar with spot transactions, which are also called exchanges on the chain. On-chain contracts are also a relatively popular track. However, THENA’s vision is to become the most modular liquidity layer ever, so from now on it will just be a #链抽象 concept!

Is the BNB ecosystem going to take off? Let’s take a look at THENA DEX!

THENA’s official definition: decentralized exchange and liquidity hub on BNBChain and opBNB.
In fact, the liquidity center does not need much explanation. Liquidity is the basic service of all DEXs, and trading is only possible with liquidity.
We need to look at the decentralized exchange business. THENA includes both spot and contract transactions. Everyone is familiar with spot transactions, which are also called exchanges on the chain. On-chain contracts are also a relatively popular track.
However, THENA’s vision is to become the most modular liquidity layer ever, so from now on it will just be a #链抽象 concept!
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After the event ended, I participated in the Binance Web3 Wallet's stablecoin mining activity! The stablecoin (USDC/USDT) interest-earning activity launched together with the Morpho lending protocol has an APR of up to 43%, lasting for 21 days! It is worth noting that the protocol is on Ethereum, where gas fees are relatively high, so participating with around 10,000U is more cost-effective, and registration is required first! 👉 Registration link: [https://binance.com/zh-CN/activity/marketing-campaign/e24a6278853d40edb3141bd9e918e78a](https://binance.com/zh-CN/activity/marketing-campaign/e24a6278853d40edb3141bd9e918e78a) {spot}(BNBUSDT)
After the event ended, I participated in the Binance Web3 Wallet's stablecoin mining activity!

The stablecoin (USDC/USDT) interest-earning activity launched together with the Morpho lending protocol has an APR of up to 43%, lasting for 21 days!

It is worth noting that the protocol is on Ethereum, where gas fees are relatively high, so participating with around 10,000U is more cost-effective, and registration is required first!

👉 Registration link: https://binance.com/zh-CN/activity/marketing-campaign/e24a6278853d40edb3141bd9e918e78a
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Bullish
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Guide: I'm being paid in Chinese money, and you want me to do English work? There's a price difference here!!! On the way to the kayaking activity, the guide kept explaining in Chinese, suddenly realizing that many faces in front of him were not Chinese. They urged the guide to speak in English because he said he could speak five languages. 🤣🤣🤣 #BinanceCampus {spot}(BNBUSDT)
Guide: I'm being paid in Chinese money, and you want me to do English work? There's a price difference here!!!

On the way to the kayaking activity, the guide kept explaining in Chinese, suddenly realizing that many faces in front of him were not Chinese.

They urged the guide to speak in English because he said he could speak five languages.

🤣🤣🤣

#BinanceCampus
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The tour guide thought that Bitcoin could only be bought in whole numbers, and I thought the same in 2019. $BTC #BinanceCampus
The tour guide thought that Bitcoin could only be bought in whole numbers, and I thought the same in 2019.

$BTC #BinanceCampus
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Binance event sponsor $IOTA was not known before. However, during the sharing session, I learned that it is a project that started in 2014. According to the introduction, they focus more on cooperation with governments and institutions, and I haven't really seen much information flow on social media (information cocoon?). Overall feeling is somewhat like a traditional enterprise, with a future focus on RWA, which also aligns well with existing business. #BinanceCampus
Binance event sponsor $IOTA was not known before.

However, during the sharing session, I learned that it is a project that started in 2014. According to the introduction, they focus more on cooperation with governments and institutions, and I haven't really seen much information flow on social media (information cocoon?).

Overall feeling is somewhat like a traditional enterprise, with a future focus on RWA, which also aligns well with existing business.

#BinanceCampus
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Bullish
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Binance event sponsor #Aptos Information sharing and potential passwords! 1. The project is working on it. It will participate in the World Expo in Osaka next year and will usher in a lot of exposure. It is also promoting products similar to Web3 Alipay. In terms of lowering the threshold, it can directly use the Web2 social network method to enter the crypto world. 2. Among the projects displayed in the sharing session, there are two lending, two MEME platforms, and one decentralized exchange. Happy raised his hand to ask questions! 🙋 Q: Are there any application products? Are there any clear wealth codes! Aptos: There are games built on Web2 social networks. MEME still has a chance in the next one or two months. Then, although I can’t disclose the information about airdrops in the projects just demonstrated, they have not issued coins yet! #BinanceCampus {spot}(APTUSDT)
Binance event sponsor #Aptos Information sharing and potential passwords!

1. The project is working on it. It will participate in the World Expo in Osaka next year and will usher in a lot of exposure. It is also promoting products similar to Web3 Alipay. In terms of lowering the threshold, it can directly use the Web2 social network method to enter the crypto world.

2. Among the projects displayed in the sharing session, there are two lending, two MEME platforms, and one decentralized exchange.

Happy raised his hand to ask questions! 🙋

Q: Are there any application products? Are there any clear wealth codes!

Aptos: There are games built on Web2 social networks. MEME still has a chance in the next one or two months. Then, although I can’t disclose the information about airdrops in the projects just demonstrated, they have not issued coins yet!

#BinanceCampus
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Bullish
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Happy is optimistic about $BNB and $CAKE in the long term, having mentioned them multiple times in the community and updates! Under the leadership of the Trump team, it is expected that cryptocurrency policies will become more lenient, and the policies in the US will also affect other countries, the restrictions on Binance will ease in the future! Binance is undeniably the largest exchange, and its empowerment of BNB remains strong, and the exchange's business will spill over to the chain, so BNB Chain will be able to support that. In addition, several MEME projects on BNB Chain have recently shown good popularity and trends, and if trading on the chain can be activated, CAKE will become the second largest beneficiary token. As some friends have pointed out, Binance seems to be avoiding promoting BNB Chain ecological projects, but in the upcoming bull market, BNB Chain will undoubtedly play a role, especially in the current anticipated environment of lenient cryptocurrency policies! It can also be said that the tail wags the dog, Happy has a significant position in these two, but everyone needs to DYOR! #BinanceCampus
Happy is optimistic about $BNB and $CAKE in the long term, having mentioned them multiple times in the community and updates!

Under the leadership of the Trump team, it is expected that cryptocurrency policies will become more lenient, and the policies in the US will also affect other countries, the restrictions on Binance will ease in the future!

Binance is undeniably the largest exchange, and its empowerment of BNB remains strong, and the exchange's business will spill over to the chain, so BNB Chain will be able to support that.

In addition, several MEME projects on BNB Chain have recently shown good popularity and trends, and if trading on the chain can be activated, CAKE will become the second largest beneficiary token.

As some friends have pointed out, Binance seems to be avoiding promoting BNB Chain ecological projects, but in the upcoming bull market, BNB Chain will undoubtedly play a role, especially in the current anticipated environment of lenient cryptocurrency policies!

It can also be said that the tail wags the dog, Happy has a significant position in these two, but everyone needs to DYOR!

#BinanceCampus
See original
A temporary invitation from a female community member whom I have never met! This is an experience I have never had before, and I am very happy! The original plan was to meet with the community partner @pumpman @NIAOren in Shanghai at 5:30 after arriving in Shanghai yesterday afternoon to discuss the planning of community operation and personal IP operation. On the high-speed train at 2 pm, a Nanjing girl in the community sent me a message saying that she wanted to operate a personal IP. After confirming that she was serious, I told her that there was a small gathering in Shanghai in the evening and she could come over to chat. Unexpectedly, she agreed almost without hesitation! But I was worried that she was impulsive, so I asked her, "What time will you arrive in Shanghai so that we can coordinate the dinner time with others." Then she sent a screenshot of the high-speed train itinerary that arrived in Shanghai at 7 pm, so we adjusted the dinner time to 7:30 pm. On the way here, the girl was very active in the community group, asking us to wait for her to come before we started eating. She misread the time and almost got off the high-speed train early. When she arrived at the mall, she thought the first floor was the second floor and wandered around for more than ten minutes, hahaha. After meeting, she confessed that she had backed out halfway and was a little worried and scared. After dinner, it was still early, so everyone suggested finding some entertainment. Massage was vetoed by the girl, hot spring bathing was vetoed by the pump, someone privately said that he wanted to go for oil massage, but I vetoed it. Playing cards and billiards were not possible either, so we finally went to see a movie together. But what should we go to play? Oh, by the way, the girl is very young and beautiful, and the future appearance of the community depends on her! Unfortunately, I am not very good at it, and I can't bring any valuable ideas to the girl.
A temporary invitation from a female community member whom I have never met!

This is an experience I have never had before, and I am very happy!

The original plan was to meet with the community partner @泵泵超人 @加密鸟叔 in Shanghai at 5:30 after arriving in Shanghai yesterday afternoon to discuss the planning of community operation and personal IP operation.

On the high-speed train at 2 pm, a Nanjing girl in the community sent me a message saying that she wanted to operate a personal IP. After confirming that she was serious, I told her that there was a small gathering in Shanghai in the evening and she could come over to chat. Unexpectedly, she agreed almost without hesitation!

But I was worried that she was impulsive, so I asked her, "What time will you arrive in Shanghai so that we can coordinate the dinner time with others."

Then she sent a screenshot of the high-speed train itinerary that arrived in Shanghai at 7 pm, so we adjusted the dinner time to 7:30 pm.

On the way here, the girl was very active in the community group, asking us to wait for her to come before we started eating. She misread the time and almost got off the high-speed train early. When she arrived at the mall, she thought the first floor was the second floor and wandered around for more than ten minutes, hahaha.

After meeting, she confessed that she had backed out halfway and was a little worried and scared.

After dinner, it was still early, so everyone suggested finding some entertainment. Massage was vetoed by the girl, hot spring bathing was vetoed by the pump, someone privately said that he wanted to go for oil massage, but I vetoed it. Playing cards and billiards were not possible either, so we finally went to see a movie together.

But what should we go to play?

Oh, by the way, the girl is very young and beautiful, and the future appearance of the community depends on her!

Unfortunately, I am not very good at it, and I can't bring any valuable ideas to the girl.
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Bullish
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Regarding the upcoming resignation of SEC Chairman Gensler, who has been "harsh" on cryptocurrencies, there is still a lack of sensitivity! 1. During his tenure, he sued Ripple for 84,572,101,569, and his resignation is clearly a positive development. 2. After the approval of the BTC ETF and ETH ETF, there were already expectations for a Solana ETF. This time, Cboe has submitted applications for 4 Solana spot ETFs to the U.S. SEC, which is also clearly positive. HaPi may be confined to an information bubble and has failed to notice these news. Are there any other positive news regarding individual cryptocurrencies? #SOL创历史新高 #XRP与SEC新局面
Regarding the upcoming resignation of SEC Chairman Gensler, who has been "harsh" on cryptocurrencies, there is still a lack of sensitivity!

1. During his tenure, he sued Ripple for 84,572,101,569, and his resignation is clearly a positive development.

2. After the approval of the BTC ETF and ETH ETF, there were already expectations for a Solana ETF. This time, Cboe has submitted applications for 4 Solana spot ETFs to the U.S. SEC, which is also clearly positive.

HaPi may be confined to an information bubble and has failed to notice these news. Are there any other positive news regarding individual cryptocurrencies?

#SOL创历史新高 #XRP与SEC新局面
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BitHappy
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Bullish
Let’s review the "anti-crypto measures checklist" of the outgoing Chairman of the U.S. Securities and Exchange Commission (SEC) Gary Gensler.

Since taking office in 2021, Gensler has rewritten the rules of the crypto market with a "heavy hand." Here are the main "achievements" 👇

🔨 Major Enforcement Actions
- Sued Ripple (ongoing, partial victory)
- Devastated Binance ($4.3 billion fine, CZ pleaded guilty)
- Locked Coinbase (accusations of unregistered securities trading)
- Targeted multiple crypto projects and tokens

🚫 Extremely Strict Regulatory Stance
- Insisted that "most tokens are securities"
- Relentlessly pursued DeFi
- Strictly examined exchange compliance
- Opposed BTC spot ETF (only relented in 2024)

📜 Enhanced Compliance Requirements
- Promoted stricter information disclosure
- Strengthened customer asset segregation
- Required complete registration documents
- Reinforced KYC/AML requirements

💥 Market Impact
- Several exchanges exited the U.S.
- Risk-averse sentiment among project teams increased
- Compliance costs skyrocketed
- Innovation restricted, development slowed

Regulation is necessary, but overregulation can stifle innovation; Gensler's approach is debatable as to whether it protects investors or hinders development.

However, he once taught the course "Blockchain and Money" at the Massachusetts Institute of Technology (MIT)! This is extremely valuable learning material for both crypto newcomers and OGs, available for free on BiliBili and YouTube.

#XRP与SEC新局面 #现任美SEC主席将于1月离职
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Bullish
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Let’s review the "anti-crypto measures checklist" of the outgoing Chairman of the U.S. Securities and Exchange Commission (SEC) Gary Gensler. Since taking office in 2021, Gensler has rewritten the rules of the crypto market with a "heavy hand." Here are the main "achievements" 👇 🔨 Major Enforcement Actions - Sued Ripple (ongoing, partial victory) - Devastated Binance ($4.3 billion fine, CZ pleaded guilty) - Locked Coinbase (accusations of unregistered securities trading) - Targeted multiple crypto projects and tokens 🚫 Extremely Strict Regulatory Stance - Insisted that "most tokens are securities" - Relentlessly pursued DeFi - Strictly examined exchange compliance - Opposed BTC spot ETF (only relented in 2024) 📜 Enhanced Compliance Requirements - Promoted stricter information disclosure - Strengthened customer asset segregation - Required complete registration documents - Reinforced KYC/AML requirements 💥 Market Impact - Several exchanges exited the U.S. - Risk-averse sentiment among project teams increased - Compliance costs skyrocketed - Innovation restricted, development slowed Regulation is necessary, but overregulation can stifle innovation; Gensler's approach is debatable as to whether it protects investors or hinders development. However, he once taught the course "Blockchain and Money" at the Massachusetts Institute of Technology (MIT)! This is extremely valuable learning material for both crypto newcomers and OGs, available for free on BiliBili and YouTube. #XRP与SEC新局面 #现任美SEC主席将于1月离职 {spot}(BNBUSDT)
Let’s review the "anti-crypto measures checklist" of the outgoing Chairman of the U.S. Securities and Exchange Commission (SEC) Gary Gensler.

Since taking office in 2021, Gensler has rewritten the rules of the crypto market with a "heavy hand." Here are the main "achievements" 👇

🔨 Major Enforcement Actions
- Sued Ripple (ongoing, partial victory)
- Devastated Binance ($4.3 billion fine, CZ pleaded guilty)
- Locked Coinbase (accusations of unregistered securities trading)
- Targeted multiple crypto projects and tokens

🚫 Extremely Strict Regulatory Stance
- Insisted that "most tokens are securities"
- Relentlessly pursued DeFi
- Strictly examined exchange compliance
- Opposed BTC spot ETF (only relented in 2024)

📜 Enhanced Compliance Requirements
- Promoted stricter information disclosure
- Strengthened customer asset segregation
- Required complete registration documents
- Reinforced KYC/AML requirements

💥 Market Impact
- Several exchanges exited the U.S.
- Risk-averse sentiment among project teams increased
- Compliance costs skyrocketed
- Innovation restricted, development slowed

Regulation is necessary, but overregulation can stifle innovation; Gensler's approach is debatable as to whether it protects investors or hinders development.

However, he once taught the course "Blockchain and Money" at the Massachusetts Institute of Technology (MIT)! This is extremely valuable learning material for both crypto newcomers and OGs, available for free on BiliBili and YouTube.

#XRP与SEC新局面 #现任美SEC主席将于1月离职
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Bearish
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I hope the counterfeit falls a bit more, because I've recently taken quite a bit of profit, and my U is close to 1/3 of my position! {spot}(BTCUSDT) {spot}(ETHUSDT)
I hope the counterfeit falls a bit more, because I've recently taken quite a bit of profit, and my U is close to 1/3 of my position!
LIVE
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Bullish
See original
Actually, with #emojicoin this time, Happy wanted to go for the dog, but it doesn't support Happy's commonly used wallet, so it gave up because it was too troublesome! Taking another route, going long on $APT , the reason is that withdrawing APT to the chain from the exchange is the most convenient! Go go go!
Actually, with #emojicoin this time, Happy wanted to go for the dog, but it doesn't support Happy's commonly used wallet, so it gave up because it was too troublesome!

Taking another route, going long on $APT , the reason is that withdrawing APT to the chain from the exchange is the most convenient!

Go go go!
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