In August, a public security agency in a certain area of the country determined that a case of circumventing restrictions to speculate on cryptocurrencies was illegal, and the profits from cryptocurrency speculation were confiscated.
According to Foresight News, in August of this year, a public security agency in a certain area of the country determined that the behavior of circumventing restrictions to speculate on cryptocurrencies is illegal, resulting in administrative penalties for those involved, and the profits from cryptocurrency speculation being confiscated. The public security agency discovered that Zhang San used a VPN to unauthorizedly access illegal channels for international internet networking, contacted clients abroad who needed to purchase a certain virtual currency through a foreign website, then bought a certain virtual currency at a low price on an overseas trading app and later sold it at a high price, thus engaging in the sale of a certain virtual currency. After being summoned by the public security agency, Zhang San appeared and accepted the investigation. During the operation of the studio, Zhang San illegally profited 90,000 yuan, and all the tools used in the crime (eight mobile phones and eight computers) were also provided by Zhang San.
I just saw that Binance wallet has launched the Alpha market to address recent doubts about listing coins.
From what I've observed over the past period, it seems that the BN listing team currently has two lines of action. The first is to list VC coins, but so far they have all been high open and low close, and there has been no reform in this area. The only happy ones are the BNB holders, who can continue to mine and earn, but it seems that the difficulty is also increasing, and they will have to complete tasks going forward.
The second line is to list low market cap tokens that are already circulating in the market, such as the MEME on Solana not long ago, recent DEX leaders across various chains, and then the CAT on the BNB chain. People will mostly just complain about insider trading or not being on the bandwagon.
But looking at the entire market, everyone is struggling with VC coins, which is the first route with high market cap but continuously falling. Because this market has not yet recovered to the level of massive liquidity seen in 2020 and 2021 during the pandemic, the market cannot support these openings with a market cap over 2 billion.
This reform is still based on casino logic, mainly hoping that gamblers will not sift through other DEXs or competing products like Bybit BG to find coins that might be listed on Binance in the future, but rather hope that everyone directly comes to gamble on my platform, which means trading on the Binance wallet.
If from the 18th to the 20th, five projects are selected each day for everyone to trade and guess, then it is essentially a 15 choose 1 or 15 choose 2 scenario, quite similar to lottery tickets at a racetrack.
In the short term, it can indeed bring a large number of users and trading volume to the Binance wallet, but in the medium term, it will make the market become fatigued with this, and it will further intensify the competition between other DEXs, CEXs, and Binance.
For project parties, it will also force them to push for more trading volume or community promotions to climb the leaderboard.
Yes, the intensity of PVP competition has become higher.
In the medium term, many projects may simply give up on listing on BN altogether, as the Upbit + Bybit + Coinbase combination is also a viable option and covers all regions.
The above is a little reflection on Binance's reform this time, thank you for reading.
These interests (returns) will be repurchased usual
Is there anywhere here that says this?
LIVE
尚在人间黄金瞳
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Bullish
Continuing from the last post Usual, besides the destruction mechanism, also has the ability to generate value Everyone thinks that only USD0++ locks up for 4 years to buy U.S. Treasury bonds (50%) + decentralized lending (50%) In fact, USD0 also buys U.S. Treasury bonds, whether overnight interest or 1 month is fine
Currently, the U.S. Treasury bond interest rate is 4.2 USD0 TVL has reached over 800 million++, and USD0++ is 300 million 1.1 billion USD, annualized 4.2%, must calculate a bit less since someone can withdraw at any time, applying a discount of 80% (880 million) will go into Treasury bonds, annualized return of 20 million
$USUAL circulating 500 million, current price 0.7, market value is 350 million
Price-earnings ratio (abbreviated as PE ratio) 5.7%
This ratio is only calculated for Treasury bonds, the interest from lending in the cryptocurrency space is higher, and the return rate is higher With deflation and USD0 continuously increasing TVL, usual will become rarer These interests (returns) will be used to repurchase usual and distributed back to USD0++ holders, and even some will be destroyed Whether it will reach 2-3 USD is just speculation, but calculating with a PE ratio of 0.7 USD is a very healthy company, and the above does not include the future growth of USD0 to 10 billion, usual will not just be more than 10 times
You’ve seen it all, aren’t you going to like it? If you liked it, why not leave a comment? Sharing brings motivation.. $USUAL