Binance updates VIP program qualification thresholds
This is a general notice, and the products and services mentioned here may not be applicable in your region. Dear users: Binance's VIP program is continuously optimized to better reward the many high-value users who contribute to the platform, enabling us to identify and provide support earlier in users' journey of deeper participation in the ecosystem. To this end, Binance is updating the core qualification criteria related to trading and asset allocation in the VIP program while ensuring that level recognition is linked to sustained and meaningful participation. Main changes to the VIP program
The last anarchist utopia has fallen, and the market cannot escape being engulfed by 'power'.
From Trump's announcement that $XRP and $SOL $ADA may be included in the strategic reserve, it is clear that there are dedicated personnel responsible for posting about the crypto market on his account. Especially considering that the order of publication for these three tokens actually precedes that of $BTC and $ETH, isn't that just pure 'nonsense'?
$XRP, $SOL, and $ADA can be sweetly referred to as cryptocurrencies, but unpleasantly, they might just be 'stocks' possibly recognized by the SEC. If you say they can be approved through an ETF, I think it's somewhat plausible, but to let the U.S. include this into the strategic reserve? That's simply absurd.
Trump has power, that’s true, but he doesn't hold all the cards. Which of the Treasury Department or the Federal Reserve would agree to this proposal? If they don't agree, is Trump going to fund it himself?
Since $Trump began, the Trump family’s involvement in crypto has been a bit 'over the top', cutting themselves while bringing their wives along. It is reminiscent of how the project teams for SOL, XRP, and ADA have frequently visited Mar-a-Lago since Trump took office, providing various sponsorships to Trump. The biggest 'embezzler' in America is glaringly obvious; as long as you are willing to 'donate', you can get 'advertising space' from the president.
Looking back at last week’s crash, it was already quite absurd, exacerbated by a hacker incident that brought some negative news, but it shouldn't have dropped this badly.
Just as the CME gap was filled, the market's panic index skyrocketed, and news came that the U.S. would hold its first cryptocurrency summit, followed by reports about strategic reserves last night. Is there really this many coincidences in the world?
Two minutes before Trump tweeted last night, someone opened a $200 million position with 50x leverage on $BTCh and $ETH. Should I believe that someone holding $200 million has no risk awareness and is a 'fool', or is this a grand political + capital conspiracy? Is the drop to 78000 just to allow Trump's family to enter the market?
Today, after the announcement, the information surged and then almost dropped all day. This in itself is a joke. #美国加密战略储备 #美国加征关税
CZ proposes a new idea for token issuance: initial unlock of 10%, subsequent unlocks must meet specific conditions
Binance founder and former CEO Zhao Changpeng (CZ) proposed a new idea regarding token issuance on the X platform. Initially, 10% of the tokens will be unlocked and sold in the market, and the funds raised will be used for the project team to develop products/platforms, market promotion, and pay salaries, etc. Future unlockings must meet all of the following conditions: 1. At least 6 months must have passed since the last unlocking; 2. The token price must remain above twice the last unlocking price for the 30 days prior to unlocking; 3. A maximum of 5% of the tokens can be unlocked each time.For example, if the token generation event occurs in January with a price of $1, by June, if the price is still below $2, no additional tokens can be unlocked. Assuming the token price stabilizes above $2 from July 4 to August 3, then on August 3, an additional 5% of the tokens can be unlocked for circulation. If the token price on August 3 is $3, the next earliest unlock time would be March 3 of the following year, provided that the token price must remain above $6 for 30 days prior to unlocking. Furthermore, the project team has the right to delay or reduce the number of tokens unlocked each time, and if they do not wish to sell more tokens, they can choose not to unlock them. At the same time, the project team does not have the right to shorten the unlocking period or increase the unlocking scale; the tokens must be locked by a smart contract and the keys controlled by a third party. Zhao Changpeng (CZ) stated that the advantage of this design is that it can prevent a large number of new tokens from entering the market during price downturns while also incentivizing the project team to engage in long-term development.
The crypto space has reached a critical moment of survival
Looking at the performance of new projects launched by Binance in the past year, it is truly a bloodbath and shocking! In the past year, Bitcoin has risen from less than $30,000 to now $100,000, but apart from that, 99% of projects have performed extremely poorly, especially the new coins launched on Binance in the past year, which have been continuously declining! As the largest exchange in the crypto space, Binance cannot be entirely absolved of responsibility! Objectively speaking, it is not entirely Binance's fault; the fundamental reason is that there are currently too many meaningless money-grabbing projects. In 2020, Binance had about 180 projects, and now it has grown to over 350, not including the millions of projects on web3. With so many projects and limited funds, it is not surprising that this bull market has performed very bearishly.
The $100,000 position for BTC does have some selling pressure. If it can drop significantly, falling to around $86,000 would be quite good. If BTC drops by 20%, other cryptocurrencies are expected to drop by 30% to 50%.
New Trends in the Stablecoin Arena: 23 Projects Announce Financing in the Second Half of the Year, Binance and Circle 'Century Reconciliation'
Original author: Nancy, PANews
Reprint: Lawrence, Mars Finance
As the scale of the stablecoin market continues to expand, the fundamentals are undergoing multifaceted upgrades. Currently, from the ice-breaking cooperation between Binance and Circle, to the concentrated layout of crypto giants, to frequent financing activities and the gradual improvement of the policy environment, the liquidity and application scenarios of the stablecoin sector are rapidly expanding, accelerating its rise as one of the core narratives of this cycle.
Binance and Circle 'reconcile', leading giants accelerate the expansion of stablecoins.
On December 11, Binance officially announced a strategic partnership with Circle, the issuer of the USDC stablecoin, to expand the adoption of USDC and support the development of the global digital asset and broader financial services ecosystem. According to the agreement, Binance will deeply integrate USDC into its product line, providing trading, savings, and payment services for 240 million users globally, and will include USDC in the company reserves. Circle will provide Binance with technical support, liquidity, and accompanying tools.
Under the purchasing limit of #USUAL , the systemic decline is still able to maintain such strength, indicating it is quite favored by institutions. The TVL is growing rapidly, and at this speed, it will surely break 1 billion by the end of the month! In January, it is expected to challenge the 2 billion mark. A TVL of 2 billion means that the protocol's revenue will exceed 80 million, with a circulating supply of 500 million, a 30 times price-to-earnings ratio corresponds to a price of 30*0.8/5=4.8, and a 40 times price-to-earnings ratio corresponds to a price of 40*0.8/5=6.4. (The above is purely personal analysis, and any actions based on it are at your own risk.)
🔥🔥 Usual target: 50 USD! Brothers, I am the person who bought over 20,000 BNB at 1.5 USD in January 2017 and did not hold on. Who could have imagined that in just a few years, it could rise to 700 USD? Every time I think about this regretful transaction, I tell myself that for good projects, we might as well imagine boldly; their growth often far exceeds expectations! Next, let's get to the point and talk about why I believe usual may have a hundredfold upside potential. I am extremely optimistic about it for three main reasons: 1. Usual is a community project with 13 investors collectively obtaining 5% of the tokens, locked for 12 months. This extremely low ratio can be seen as the project having no VC, so there is no need to worry about institutional sell-offs. The project was launched at the beginning of a bull market, coinciding with investors' deep aversion to VCs, making it a timely opportunity.
Viewpoint: usual is seriously underestimated! #USUAL Reasons: 1. Pre-market trading ~ Binance purchase restrictions, which temporarily prevented institutions and large investors from making large-scale investments 2. The vast majority (99.9%) of investors did not read its white paper carefully, resulting in fatal misjudgments in market value and valuation. We know that the maximum supply of Usual is 4b. Many cautious investors are used to using the total amount to evaluate the long-term investment value of a project, which is fine. But using the total amount to estimate Usual is obviously a major mistake. Why❓——Because the release of usual is not linearly released according to time, it is supplied and destroyed according to TVL, and TVL determines the fundamental income of the protocol. If TVL increases, usual will be released, and if TVL decreases, it will be destroyed instead. Therefore, it is obviously absurd to use total supply for valuation, but only based on current TVL (income)!
🔥🔥I think usual is seriously undervalued.——The rising flywheel is about to start, and the extremely high APY will lead to explosive growth in TVL, with an expected increase of 200% in TVL over the next 8 weeks, approaching or even exceeding 2 billion. At that time, the yield from government bonds alone could reach 100 million dollars, with a 20 times price-to-earnings ratio being 2 billion. Based on a circulating supply of 600 million, the reasonable coin price should be above 3 dollars. #USUAL
I will publish a "New Three Questions" and ask experts to answer your questions. There are three doors, and there is 5 million behind one of them. You can get it after selecting it. Suppose you and Xiao Ming each choose a door. You choose A and Xiao Ming chooses C. At this time, the system opens B, and the result shows that door B did not win the prize. Now the question comes - if they are interchangeable, are you willing to exchange choices with Xiao Ming? Why ❓ - One explanation is that it is not necessary, because the probability of winning the prize for the remaining two doors is 1/2. One explanation is that it should be changed. Suppose you choose A at first and the probability of winning is 1/3. The other two doors BC combined have a winning probability of 2/3. If the system opens door B and it is an empty door, then the probability of C is 2/3. Yes, it should be replaced. But what if you are Xiao Ming? From Xiao Ming's point of view, the probability of AB is also 2/3. Since B is an empty goal, the probability of A is also 2/3 and should be changed. Should I change it? I'm so worried.
Try to imagine the market demand ten years from now. It may be easier for us to grasp the dormant dark horses now! Ten years later, population aging has become the situation in many countries, blockchain technology has become widely popularized, Web3 has become the Internet of the new era, and digital currency has become the mainstream of daily payments. The technology that solves the aging population is artificial intelligence. This is also an industry that I was strongly optimistic about two or three years ago. There is a high probability that ETH will quickly lose the competition in the future. Technology is changing with each passing day. Due to technological innovation, the performance of APT, SUI, SEI, etc. has been improved exponentially. It is not ruled out that the market value will surpass ETH in the future.
1. Eager for success When I was 20 years old, I often imagined that if I couldn't achieve anything before I turned 30, I might as well just jump off the building. In fact, I was still very poor when I was 30 years old. In our 20s, we are ignorant and presumptuous, young and frivolous, with high ambitions but low ambitions. We are full of vigorous fighting spirit and soaring dreams. This is a good thing. It makes us fearless and dare to think and do. But if you are in the financial market, you are destined to experience a baptism of hardships! The more people are short of money, the more they want to make money faster, and financial markets generally provide leverage. Objectively speaking, leverage can indeed be a small gain, but 99% of investors cannot make reasonable use of it.
——Tao to simplicity! It is so easy to make money in the financial market, but the reality is that 90% of investors lose money. (There are many pitfalls that lead to losses, and I will sort them out one by one in the next article.) This article simply shares a way to make money easily. 【Large cycle strategy】 The so-called big cycle strategy is to make investment decisions based on the economic (monetary) cycle. for example, (1) What time is it now? ——The Federal Reserve's interest rate hike cycle, currently 5% to 5.25%, the Federal Reserve raised the deposit interest rate from 0 to 5% in just over a year, so we have seen depressed prices for many projects.
The Kelly formula was proposed by John R. Kelly, Jr. in 1956. It indicates the optimal proportion of bets that should be made each period in a recurring gamble or investment with a positive expected return. Kelly's formula has long been famous in "Las Vegas" and "Wall Street". Many mathematical geniuses have developed it in casinos and investments and have achieved extraordinary results. The most famous among them is probably Dr. Edward Thorp, who developed a strategy for defeating Blackjack (21 points) and used the proportion calculated by Kelly's formula to make bets (Thorp 1962); after playing in the casino, Dr. Thorp used it in His talents in statistics and probability theory are used in investment. The PNP hedge fund he founded has achieved annual returns of more than 20% in the past 30 years (Thorp 2017).
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