China's stock market is ushering in a historic moment, but please remember that after the climax, there will be chaos. What can really make the stock market boom is the solid policies that will be implemented in the next three months. Only by continuously launching policies that can be implemented, sustainable, and truly beneficial to society can we usher in the big bull market in 2025. Otherwise, there will only be a mess in the end.
PANews
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A-shares closed, and the turnover of Shanghai, Shenzhen and Beijing reached 3483.5 billion yuan
PANews reported on October 8 that according to Jinshi, the A-share market closed, the Shanghai Composite Index closed up 4.59%, the Shenzhen Component Index closed up 9.17%, and the ChiNext Index closed up 17.25%. The turnover of the three markets of Shanghai, Shenzhen and Beijing reached 3483.5 billion yuan. Among them:
China's Shanghai Composite Index closed up 153.28 points, or 4.59%, at 3489.78 points on October 8;
China's Shenzhen Component Index closed at 11,495.1 points on October 8, up 965.34 points, or 9.17%;
China's CSI 300 Index closed at 4,256.1 points on October 8, up 238.24 points, or 5.93%;
China's ChiNext Index closed up 375.19 points, or 17.25%, at 2550.28 points on October 8;
Plan B, the last bull market, gave a market forecast that was a bit too much. Do you believe it? $BTC
- October: Classic surge month. BTC 70,000 - November: Trump wins the election, ending the Democratic Biden/Harris/Warren/Gensler war on cryptocurrencies. BTC 100,000 - December: A large number of ETFs flow in. BTC 150,000 - January: Cryptocurrency people/companies return to the United States. 200,000 Bitcoins - February: Power Law team sells. BTC 150,000 - March: Bitcoin becomes legal tender in Bhutan, Argentina and Dubai. BTC 300,000 - April: Trump/US begins to build strategic BTC reserves. BTC 400,000 - May: Other countries (except the EU) join the fierce competition. BTC 500k - June: Several AIs start using Bitcoin for autonomous arbitrage trading. BTC 600k - July/December: FOMO sentiment subsides. BTC hits a new high of 1 million - 2026: Distribution phase. BTC volume rises back to 500,000 - 2027: Bear market. BTC bottoms at $200,000
Follow me at @链研社lianyanshe to take you through the bull-bear cycle and pay attention to the information that really affects investment decisions
SATS price doubled in 10 days, market value surpassed ORDI, how far can UniSat's support go?
Written by: Golem, Odaily Planet Daily
BRC-20 token SATS has performed well recently. From the bottom on August 5, its price doubled in 10 days; on August 12, the single-day increase exceeded 24%, and its market value exceeded ORDI, the original leader of the BRC-20 sector, and entered the top 100 of the crypto market value list.
Most of the community interpreted this rise as the early realization of the good news that Fractal Bitcoin will be launched on the mainnet in September. The developer behind Fractal Bitcoin is the Bitcoin ecosystem wallet UniSat. In fact, this is not the first time that UniSat has empowered SATS, but the effect was not good before.
A key turning point is coming, this is the best time to test the bottom
PANews
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Federal Reserve Chairman Powell will deliver a speech on the economic outlook on the evening of August 23 and set the tone for a September rate cut.
PANews reported on August 16 that according to Jinshi, Federal Reserve Chairman Powell is scheduled to speak on the economic outlook at 10:00 pm Beijing time on August 23, which is the first full-day meeting of the Kansas City Federal Reserve's annual economic seminar in Jackson Hole, Wyoming. This annual meeting of global central banks provides Powell with an opportunity to make an updated assessment of the US economic trajectory and monetary policy outlook between the Fed's July and September policy meetings. Last month, he said that if inflation and the labor market continue to cool, the Fed may consider cutting interest rates at its next meeting.
$APT will unlock about 11.31 million tokens at 20:00 Beijing time on August 12, accounting for 2.4% of the current circulation, worth about 70 million US dollars $SAND will unlock about 55.72 million tokens at 16:00 Beijing time on August 14, accounting for 9.0% of the current circulation, worth about 15 million US dollars $CYBER will unlock about 1.98 million tokens at 8:00 Beijing time on August 15, accounting for 8.54% of the current circulation, worth about 6.36 million US dollars $STRK will unlock about 64 million tokens at 20:00 Beijing time on August 15, accounting for 3.95% of the current circulation, worth about 25.69 million US dollars $RENDER will unlock about 760,000 tokens at 20:00 Beijing time on August 15, accounting for 0.19%, worth about $3.8 million $ARB will unlock about 92 million tokens at 21:00 Beijing time on August 16, accounting for 2.87% of the current circulation, worth about $54.32 million $APE will unlock about 15.6 million tokens at 20:00 Beijing time on August 17, accounting for 2.31% of the current circulation, worth about $9.75 million $ENA will unlock about 15.6 million tokens at 15:00 Beijing time on August 18, accounting for 0.82% of the current circulation, worth about $4.83 million
$BTC Bitcoin will continue to rise and start to fluctuate after reaching 63,000. It will then fall sideways and quickly reach 70,000 before starting a correction. However, this correction will not fall below 60,000 and will continue to rise. A breakout of 74,000 will occur in early September.
Seven U.S. states jointly challenge SEC's over-regulation of cryptocurrencies
PANews reported on July 22 that according to Bitcoin.com, seven U.S. states jointly challenged the SEC's regulatory authority over cryptocurrencies. The seven-state alliance led by Iowa Attorney General Brenna Bird filed a friend-of-the-court brief on July 10, opposing the U.S. Securities and Exchange Commission's (SEC) attempt to regulate cryptocurrencies. The alliance includes Arkansas, Indiana, Kansas, Montana, Nebraska, and Oklahoma.
The alliance pointed out that the SEC's "power expansion" will hinder innovation, hurt the cryptocurrency industry, and exceed its authority. They believe that the SEC's regulatory actions not only prevent states from protecting citizens from scams, but also undermine the free market. The Iowa Attorney General's Office emphasized that the SEC's actions to bypass the new powers granted to it by Congress are illegal, suppress innovation, and allow scammers to go unpunished.
9 of 10 Ethereum spot ETFs have published fees, BlackRock's is 0.25%
PANews reported on July 18 that US Ethereum spot ETF issuers have successively submitted S-1/A documents to the SEC. Currently, 9 out of 10 ETFs have announced their fees, and only Proshares ETF has not announced them. The specific data is as follows:
The BlackRock iShares Ethereum ETF has a fee of 0.25% (0.12% for the first $250 million) and is ETHA.
The Fidelity Ethereum ETF has a fee of 0.25% (no management fee in 2024), and the ticker is FETH;
The Bitwise Ethereum ETF has a fee of 0.20% (0% for the first $500 million), and the ticker is ETHW;
The 21Shares Ethereum ETF has a fee of 0.21% (0% for the first $500 million), and the ticker is GETH;
It seems that the possibility of Ethereum passing in July has become less likely
PANews
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Source: SEC has returned the S-1 form to the Ethereum ETF issuer, requiring it to be resubmitted before July 8
PANews reported on June 29 that according to The Block, a source said that the SEC has returned the S-1 form to potential Ethereum ETF issuers with a small number of comments, requiring them to process these comments and resubmit them by July 8. The source pointed out that after the form is returned, it will not be the final filing. This means that at least one more round of filings will be required before the ETF finally starts trading.
The first US presidential debate in 2024 will be held at 9 a.m. tomorrow
PANews reported on June 27 that according to CoinDesk, the first presidential debate in 2024 will be held at 21:00 Eastern Time on Thursday (June 27) (09:00 Beijing Time on Friday). The crypto industry has been lobbying to ensure that digital assets are discussed in the televised presidential showdown. Potential comments on digital assets by the two candidates could trigger market fluctuations.
Standard Chartered Bank analysts predicted earlier this month that Bitcoin is expected to reach $100,000 before the US election, and if Trump wins, BTC may rise further to $150,000 by the end of the year.
So just invest in BTC, even playing contracts is more profitable than hoarding coins
PANews
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There is no rotation among sectors and most people miss out. Who is making money in this bull market?
Who has made money in this bull market so far?
First of all, it is definitely not VC. Most of the projects invested by VC have not started to issue coins yet. Even those coins with high FDV and low circulation that are criticized by the community seem to have a book value of dozens of times, but if there is no copycat bull market coming next, when VC unlocks, a 90% drop is not too much.
Secondly, they are not retail investors. Most retail investors speculate on memes, copycats, and open contracts. It cannot be said that there are no retail investors who make money, but they are very few, and the probability is about the same as playing the lottery.
From observation, there are several categories of people who make money:
Six reasons for not giving $zk a takeover. Second-tier investors have officially declared war on VCs and project owners. If we don’t take over, we won’t lose. 1. Huge insider trading (0 cost) 2. Studios and freeloaders (lower cost than institutions) 3. Ultra-low-cost investment institutions 4. Dare to play copycats in an unstable market? 5. Falsified L2 narrative, TVL of more than 100 million US dollars 6. High opening price must be a scam (refer to STRK), chain jams, delayed receipt. You’ve already lost the moment you get on the table
FLOKI token holders exceed 417,000, becoming the meme coin with the largest number of holders on BNB Chain
PANews reported on June 5 that according to Bitcoin.com, the number of holders of the meme coin FLOKI on the BNB Chain recently exceeded 417,400, making it the largest meme coin on the blockchain by market value and number of holders. Recently, Floki's developers launched a new Telegram-based trading robot that allows holders to trade any token on the BNB chain network and charges a 1% fee, 50% of which is used to purchase FLOKI tokens. The trading robot is initially in the testing phase and is expected to be fully open to the public in mid-June 2024, with plans to expand to the Ethereum and Base blockchains.
Trump campaign accepts cryptocurrency donations, including Dogecoin and Shiba Inucoin
PANews reported on May 22 that according to The Block, US Republican presidential candidate Donald Trump announced that he would accept political donations in the form of cryptocurrencies. According to Trump's website, his 2024 campaign will accept cryptocurrencies such as Bitcoin, Ethereum, Solana, Dogecoin and Shiba Inucoin.
Bitcoin Archives | A mysterious 16-year-old Chinese boy who bought Bitcoin in 2010 founded the Bitcoinica exchange and had 102,000 BTC stolen
In 2010, a 16-year-old Chinese teenager named Zhou Tong bought Bitcoin for $10. Later, this self-taught programmer genius established the first cryptocurrency margin exchange Bitcoinica in just 4 days. The exchange's trading volume once reached $40 million per month, second only to Mt. Gox, the largest exchange at the time. However, due to three consecutive hacker attacks, Bitcoinica eventually lost 101,554 BTC.
Recently, Rizzo, a foreign blogger on the X platform, recounted this legendary story. PANews has compiled the original text and will tell the dramatic story of how the teenager lost 102,000 bitcoins, which are now worth $6.8 billion.
A very wonderful metaphor, Texas Hold'em is the trader's bible
PANews
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10 Poker Lessons for Crypto
Author: cyclop, Crypto KOL
Compiled by: Felix, PANews
Many successful crypto investors play Texas Hold'em. Many successful Texas Hold'em players also invest in cryptocurrencies. And Texas Hold'em experience is the key to making money in the crypto space. Crypto KOL cyclop summarizes 10 Texas Hold'em experiences that apply to the crypto space.
1. Whales have an advantage
The one with the most chips at the table has the final say. In crypto, it is important to understand that whales can manipulate the market and it is not a fair game. But by watching their moves, you can make money from them.
These pledges and re-pledges are the detonators of the future bear market
余烬Ember
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BNB welcomes the 12th new coin mining project in 2024 - Renzo (REZ). In 2024, BNB will launch two and a half new coin projects per month on average, focusing on an endless supply.
Introduction to Renzo In layman's terms, Renzo collects ETH and other LST from everyone and then deposits them in EigenLayer. The advantages of depositing through Renzo over depositing directly in EigenLayer are: 1. Better liquidity: You deposit ETH or other LST in Renzo, and you will get the same amount of ezETH. You can take ezETH to other platforms to continue to nest or sell. Direct deposit into EigenLayer will lock liquidity; 2. Killing two birds with one stone: In addition to EigenLayer points, ETH or other LST deposited into EigenLayer through Renzo will also receive Renzo points, while direct deposit into EigenLayer will only receive EigenLayer points.
Price prediction Renzo (REZ) will be the second re-staking project launched on Binance. Ether.fi (ETHFI), which is on the same track, of the same type, and with a similar TVL, has already been launched on Binance (also launched through Launchpool), so the market value of ETHFI can be used as a reference to estimate the price of REZ. ether.fi (ETHFI) TVL $3.8 billion, circulating market value $420 million, market value/TVL ratio 0.11. If the valuation is calculated in this way, Renzo's $3.3 billion TVL corresponds to a circulating market value of $360 million. The initial circulation of REZ is 1.05 billion, so the corresponding price is about $0.35. The current price of REZ on the OTC platform whales is $0.354, proving that the market tends to favor this valuation method.
Do you think the price of $0.35 and the circulation market value of $360 million are reasonable for Renzo (REZ)? What is your expected selling/buying price for REZ?
Excluding EigenLayer, the top one and two TVL projects in the re-staking track (ether.fi and Renzo) have been listed on Binance, and the re-staking projects that have not yet issued coins include Puffer/Kelp DAO/Swell, etc. Which re-staking project do you think will be listed on Binance next?