$BTC Why does China not allow virtual currency trading platforms to exist?
China prohibits the existence of virtual currency trading platforms. The main reason is that it does not want virtual currency to become a speculative tool to disrupt the financial order. The specific reasons can be analyzed from the following aspects:
1. Legal risks and investor protection issues: The price of virtual currency fluctuates violently, and the investor protection mechanism is missing. Because virtual currency is a product of networking, its flowing digital information cannot be controlled by anyone. Virtual currency itself has no value reference, lacks a pricing mechanism, and relies entirely on speculation. Investor education and knowledge popularization in this regard are lacking, which will cause investors to face huge market risks and financial risks.
2. Market and financial risks: The regulatory authorities closed virtual currency exchanges mainly from the three aspects of market risk, financial risk and social risk. This shows that virtual currency transactions may pose a threat to the stability of the financial market and the financial security of investors.
3. Risks of illegal financial activities: The notice issued by the People's Bank of China clearly mentioned that virtual currency-related business activities are illegal financial activities, including the exchange of legal currency and virtual currency, the exchange of virtual currency, etc., especially the rampant "money laundering" activities. In addition, virtual currency is a global transaction, which can easily break through the control of foreign exchange and easily lead to illegal capital flight.
4. National security and social stability: The Chinese government is worried that virtual currency transactions may be used for money laundering and other illegal activities, which not only violates the law, but may also threaten national security and social stability.
5. Supervision and enforcement of legal provisions: The Chinese government has issued notices many times to explicitly prohibit virtual currency transactions and mining activities. Individuals and companies that violate the regulations will face legal consequences, including criminal liability.
In summary, the main reason why China prohibits the existence of virtual currency trading platforms is out of concern for market and financial risks, as well as prevention of illegal financial activities and national security threats.
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$BNB Why does the Fed insist on not cutting interest rates?
$BTC Is the purpose to bring down the world?
From the perspective of employment and economy, the Fed's interest rate cut has failed, which shows that the Fed is not considering employment or recession. The employment data every month is made up, and the whole world knows it except for a small number of people, while the recession is mainly based on their official announcement, with a lag period of 11 to 13 months.
Then we have to find the answer from a deeper level. What is the purpose of the Fed to keep interest rates high? What are the factors that can really determine the Fed's interest rate cut?
Since 2008, the United States has started a debt-driven economic growth model. Periodic economic crises are inevitable, especially since 2020, the super-large-scale QE has been printing money without a bottom line, releasing a huge amount of liquidity that exceeds market needs, which is the root cause of inflation. Can the Fed really suppress inflation by raising interest rates and shrinking its balance sheet? Obviously not. On the surface, this round of interest rate hikes has suppressed US inflation from nearly double digits to below 3%, which seems to be close to success.
But the interest rate hike did not eliminate liquidity. On the contrary, high interest rates generated a large amount of capital gains. If these additional gains are released to the market, you can imagine what the consequences will be. If the excess money is not evaporated, inflation cannot go down.
What does the inversion of long-term and short-term treasury bond yields caused by the interest rate hike, especially short-term bonds, mean for a risk-free return of more than 5%? Just put the money in the bank or buy a 3-month short-term US bond to get a risk-free 5% return? What other investment activities can achieve this? Not only Americans, but also people who hold US dollars all over the world, as long as they are not fools, know to buy US bonds. The interest rate hike suppresses the global supply side and drives capital to the equity market, not production activities.
But the United States. The consumer side driven by risk-free high returns is the benefit, and all those who hold US dollars enjoy a 5% risk-free return. In this case, the downward trend in inflation is temporary. Once the Fed starts to cut interest rates, inflation will come back and will be more fierce than in 2020. Combined with the inventory cycle in the United States, China and the world, you can think about what this means for commodities?
#非农就业数据即将公布 #美国5月核心PCE物价指数年率增幅创2021年3月以来新低

Breaking news, the exchange has collapsed!!! It has collapsed!!! Be careful to avoid it!!!
Recently, many fans have reported that they encountered many unfair treatments when trying to withdraw money from the gete platform. The gete official seems to use false reasons to maliciously obstruct fans from withdrawing money, and even transfer the coins recharged by platform users to other exchanges for malicious dumping operations.
Specifically, when certain projects are at a high level, fans try to withdraw money, but the get platform will deliberately delay, claiming that the user's account is at risk and requiring the signing of an anti-money laundering agreement.
This process may last for several days, resulting in the user's coins being withheld for a long time. Once the gete platform accumulates enough coins, it will sell them at high prices on other exchanges, and then release them to users at a low price, thereby damaging the interests of users. #VanEck提交首个SolanaETF #美国5月核心PCE物价指数年率增幅创2021年3月以来新低

$USDC Buying and selling U is not a crime, why did he still go to jail?

Recently, there are a lot of inquiries like this: Is buying and selling U a crime? I really can't answer this kind of inquiry, and there are a lot of them. I still say this sentence, it is illegal, not a crime!

Let me tell you first: What is U coin?

U coin is a kind of digital currency, Tether. Our country's attitude towards this currency is "not recognizing" the status of legal tender, that is, its existence is more like "items", to put it more appropriately, it is "valuable virtual props", just like playing a game and buying a prop, isn't it very simple? Why are there still so many crimes?

If you simply buy low and sell high, it's not a crime! But! Buying on behalf of others, you don't know what the money is, others transfer it to you, you buy it and get part of the "handling fee", which may be suspected of concealing the proceeds of crime and aiding and abetting.

There are also people who buy U coins with US dollars, sell them for RMB, and make a profit from them, which may be suspected of illegal business operations. Those who make a lot of money have different opinions.

$ETH Cryptocurrency contract trading master jailed for fraud
$BNB Former internet celebrity Liang Xi jailed for fraud
This internet celebrity, once known as a god-level trader, was sentenced to two years in prison for selling Weibo accounts but refusing to deliver them, with the amount involved reaching 10,000 yuan.
Although he quickly returned the stolen money, the law was ruthless and only gave him a one-month sentence reduction. Under the severe crackdown on fraud crimes in Zhejiang Province, Liang Xi could not escape prison.
Two years, for the cryptocurrency circle, is enough to make the former celebrity fade out of people's sight.
Liang Xi's name may be forgotten in the corner of the cryptocurrency circle as time goes by. And his fall once again warned those internet celebrities who pursue fame and fortune and ignore the law.

$BTC China will "unban" $BTC transactions?
In an 84-minute podcast interview, Saylor claimed that the price of each Bitcoin will reach $10 million and that the whole of China will support Bitcoin.
He emphasized the impact of Bitcoin's application in China, saying: "When Shanghai will ask banks to launch Bitcoin spot ETFs and provide custody services, it will provide Bitcoin services to 1.5 billion people in China."
Although it is still uncertain whether China will make this shift, Hong Kong has launched a Bitcoin spot ETF.
For Saylor, the increasing popularity of Bitcoin in China will drive up the price of Bitcoin.
CoinTelegraph reported that Saylor directly stated that he believes that the Chinese people and government will accept Bitcoin.
Hong Kong Investment Funds Association: There are more and more investment options, including virtual asset ETFs
The Hong Kong Investment Funds Association and KPMG jointly released a report "Vision 2030: The Future of Hong Kong's Fund Management Industry", which emphasized the diversification of Hong Kong's investments, that is, opening up more asset classes to retail investors, especially the growing interest in alternative assets. Virtual assets continue to attract investor interest, with a growing number of investment options, including virtual asset ETFs. Recent regulatory developments have helped Hong Kong become more competitive and a top choice for fund managers looking to invest in emerging asset classes.
#Mt.Gox将启动偿还计划
#以太坊ETF批准预期

The young lady who made tens of millions of dollars in anger
Recently, she cried and said that she had declared bankruptcy
The cause of the incident was a death spiral collapse of a cryptocurrency called LUNA, which fell from a price of nearly $100 to 1 cent today in less than a week.
A young lady who works in a large Internet company used 220,000 yuan in capital to make 13 million yuan during the period when LUNA plummeted, and truly became rich overnight.
It is said that she bought 20 times the short order, which means that she would face a liquidation if LUNA rose by 5%. As a result, LUNA plummeted by 99.9999%, and she made 60 times the profit, and these profits have been pocketed.
However, things are unpredictable, and he went bankrupt again. Sure enough, the money earned by luck was finally returned to the market by strength.

$BTC If you bought 10,000 yuan worth of Bitcoin ten years ago, what would happen now? (From Coinsradar.net)
The initial price of Bitcoin was only $0.0025, and the total amount was 21 million. In 2009, the price of Bitcoin was even less than 1 cent, and one dollar could be exchanged for more than a thousand Bitcoins.
At the exchange rate at that time, 10,000 yuan could buy about 550,964 Bitcoins.
Today, the price of Bitcoin has reached an astonishing height. According to the current price of Bitcoin (taking 473,128 yuan as an example), if you bought 550,964 Bitcoins at that time, you would now have a wealth of more than 260,676,495,392 yuan, more than 260 billion yuan!
If you invested 10,000 yuan in Bitcoin, then your life trajectory is likely to resonate with Zhao Changpeng's experience.
Looking back on Zhao Changpeng's life journey, a key turning point appeared in 2013. That year, he first came into contact with Bitcoin from a friend who was both a poker player and a venture capitalist. The friend once suggested to him: "Changpeng, why not try to invest 10% of your net worth in Bitcoin? If its value rises 10 times, your wealth will double. Even if it is not as expected, you have only lost 10%." Inspired by this suggestion, Zhao Changpeng began to get involved in multiple cryptocurrency projects. What is more striking is that in 2014, he made a bold decision to sell his property in Shanghai and invest all in Bitcoin, which was priced at $600 per coin at the time. In the surging tide of digital currency, a legendary name was praised by many investors-"Brother 480,000". He bought 100 Bitcoins with a huge sum of 480,000 yuan, and posted on Baidu Bitcoin Post Bar to share his investment experience with netizens in real time. However, it is regrettable that on the eve of Bitcoin's surge, he chose to cut his losses and leave, thus missing out on the tens of millions or even hundreds of millions of wealth that might have been brought.
I hope we can still stay on the right track now, and we can all be financially free in 10 years. Follow me! Get more information about the cryptocurrency world!
#以太坊ETF批准预期 #Mt.Gox将启动偿还计划

$BNB Great Smart
A smart money address transferred 118.5 billion PEPE ($1.48M) to Kraken half an hour ago. He achieved an 11-fold return by holding PEPE for 7 months.
He withdrew 118.5 billion PEPE from Kraken at the bottom of the market at the end of November last year, which was only worth $0.13M at the time.
Half an hour ago, he transferred these PEPE to Kraken, which is now worth $1.48M.
Address: 0xC8AbD39537AD8E0D7CbB0102873CA63D2B2C24c6

$BTC I can understand why the Chinese government prohibits cryptocurrency speculation. After all, they can’t stop the rich and corrupt officials from transferring. But ordinary people enter and lose nine out of ten gambling. Except for mainstream coins, they are all scams. They are 100% controlled by the dealers. Many people may be middle-class people who have houses in first-tier cities. They should have survived the downturn in the past few years after the epidemic. #美国PCE数据将公布 #币安合约锦标赛 #币安HODLer空投 #币安上线ZK

$USDC stolen 5.3 million U!
$USDC stolen 5.3 million U!
Binance came to the rescue and froze the huge amount of $5.3 million stolen from Turkey's BtcTurk!
Shocked! Turkey's BtcTurk cryptocurrency exchange platform suffered a cyber attack, and hackers stole huge amounts of money! But don't worry, our hero Binance appeared!
Binance acted quickly, and their super investigation and security team worked around the clock to successfully freeze more than $5.3 million in stolen funds!
Now, these stolen funds have been protected and are waiting to be returned to BtcTurk. This once again proves Binance's professionalism and commitment to its customers!
👏 Like Binance, cheer for their quick action and strong strength! Let's look forward to the follow-up development of this incident together! #Mt.Gox将启动偿还计划 #币安HODLer空投 #币安合约锦标赛

$BTC How can this be a bull market!
This wave of market is exactly the same as that in 2021 (3 years ago). It has been fluctuating and falling from April to June. From July to August, it began to build a bottom and absorb funds, buying cheap and bloody chips.
In September, it began to rise crazily for the second time without looking back. Bitcoin rose to its highest point in November, and the highest point of altcoins in December.
Personally, I feel that it will fall further, brothers, be careful
#Mt.Gox将启动偿还计划

The so-called era of airdrops is over, but the return from airdrops used to be 10,000 times, with a gas fee of tens of cents for a return of hundreds of dollars, but now it is 10 times the return, with a gas fee of tens of dollars plus various fees for a return of hundreds of dollars. The same is true for cryptocurrency speculation, it used to be easy to get a 100-fold return, but now people blame the project owner for not pulling the market and cutting the leeks if it only rises a few times!

$BTC The largest liquidation amount of the year has appeared
A lucky person from Binance has liquidated 15 million US dollars💵
Congratulations🎉After this order is cleared, won’t it be pulled hard?
Brothers, the stepping stones that hinder the rise have all been cleared
Hurry up, now buying will increase📈The increase is so big that you are afraid
Buy it casually, there is gold everywhere, and there is a big increase everywhere! Increase, increase, increase! ! !

$BTC Mt. Gox reversed!
It was indeed a farce. Mt. Gox actually had to compensate according to the value of Bitcoin in 2014, BTC 483 USD! Instead of the current value or the number of lost Bitcoins! Therefore, what everyone is worried about, that Mt. Gox may sell a large number of Bitcoins in exchange for cash for compensation, is simply impossible! Only one Bitcoin now can repay the original more than 100 Bitcoins! Therefore, a large amount of Bitcoin cannot flow into the market, and is still in the hands of institutions.
#Mt.Gox将启动偿还计划 #美国PCE数据将公布 #币安HODLer空投

$USDC To what extent can poverty make a woman humble?
A few years ago, I met a woman by chance while having dinner with a client.
She was about 25 years old, had a good figure, was very beautiful, and was the kind of woman who had a high rate of turning heads.
She came with one of the bosses, who should be in his 60s and had retired behind the scenes and rarely appeared. The main reason was that he had a stroke after drinking once, and one of his cheeks was obviously tilted, and he couldn't speak clearly.
She followed the boss under the name of a mi secretary, mainly responsible for taking care of the boss's daily life and some other simple work matters. She told us that although she was a mi secretary, the boss did not pay her salary, but gave her a fixed living allowance every month, so that she could arrange their lives.
When the money ran out, she could only ask the boss for more, and the boss would scold her with all kinds of ugly words. The scolding meant that she put the living allowance into her own pocket and then deliberately asked the boss for money.
At that time, I thought to myself, since I was so angry, why should I continue to do it? I couldn't figure it out.
After the dinner, the woman went to drive the car and found that the parking spaces next to her were full and there was limited space for adjusting the position. She couldn't back up the car. At this time, the boss started to scold her again, saying all kinds of dirty words, which were very unpleasant.
But she didn't care, as if she was used to it. After a long time of tossing, she finally got out.
After seeing them off, I lit a cigarette and stood on the side of the road for a while. I was wondering if this woman could really be happy?
I always think that being poor is not terrible, because you can make money through your own efforts and change your embarrassing situation. You can't just rely on others to make money.
Each of us is equal, and there is no need to sacrifice your dignity when making money.

$BTC Eighty to ninety percent of the projects that issue virtual currencies
The purpose is to cut leeks.
Virtual currency itself has no value, but it has some value after real money and silver enter, and these values ​​are the consensus of leeks.
Some lawless elements issue new virtual currency under the banner of financial innovation. How easy is that? There is also a code, a big V platform, short temptation, community promotion, concept hype, and then it becomes a new kingdom sought after by newcomers.
People's d nature is too big. Every moment they are fantasizing about snatching food from the tiger's mouth. He knows that it will not last long, but he is lucky to think that he will not be the last person to stand by his intelligence.
But in it, there are countless plates of illegal fundraising, pyramid schemes and even fraud, and the operators are always on the edge of the law. The obvious characteristics are networking and cross-border.
At present, China is resisting virtual currency. Many people use the attributes of the Internet to conduct overseas operations online. Most of the user groups are in China. These people often promote in China through some chat software. In the early stage, participants and builders often get some sweetness. After they become bigger and stronger, they may run away at any time. Once this kind of funds are harvested, they will flow to the sea.
Due to the characteristics of anonymity and overseas operations, it is very difficult to pursue losses or detect by judicial organs. Most players have become accustomed to the above characteristics. Once they are harvested, they can easily attribute themselves to bad luck and it just happened to them.
Some projects are linked to the current mainstream virtual currencies. Through the platform of big V, airdrops are used as temptation to make the whole plate more popular. Often, real money and silver will be harvested after reaching a certain degree.
Their profit model is one of investment income and the other is new income. As the capital pool continues to expand, the income and risks are increasing sharply. As the leeks are wiped out, the complaint documents will float like snowflakes to the local regulatory authorities, forcing them to issue warning notices to be vigilant against virtual currency speculation.
This type of funds has already flowed overseas, and it is extremely difficult to recover the losses. If you don’t seize the opportunity of Bitcoin’s sudden server crash next time, you can’t miss this one, so run away quickly.

What you do when you are young will have great benefits for the rest of your life
1. Don't show your poverty to the upper and don't show your wealth to the lower.
2. Those who are in politics or business at home must listen to their parents. Those who are in farming or working at home must stay away from their parents' cognition.
3. He understands what happened when he was three years old, but he won't understand it if he lives to 90 years old and still experiences this thing. Let's remember that it is not necessarily a good thing for people to have smooth sailing since childhood, and it is better to suffer losses as early as possible.
4. Thinking direction of making money: money for men's vanity, money for women's beauty, money for the health of the elderly, money for children's education, money for lazy people's laziness, money for the rich who are afraid of death, and money for the poor who want to get rich overnight.
5. If you want to plan and discuss things, you should find rich people with plenty of money. If you want to implement things, you should find poor people with limited money.
6. Some people care about you just to find out how miserable you are.
7. If we make money with physical strength, we should be honest, if we make money with brainpower, we should be smart, if we make money with money, we should be ruthless, and if we make money with resources, we should be smooth.
8. What people need to get along with each other is attraction. Flowers bloom and butterflies come naturally. There is no need to please anyone. You have no use value and you are worthless. It is useless to know and please many people. No matter how big the roof of others is, it is not as good as having an umbrella in your hand.
9. People with soft hearts are unlucky. Soft hearts seem to be open-minded but are actually dull. They seem to be kind but are actually cowardly. Soft hearts and embarrassment will only kill themselves. Rational indifference and ruthlessness are the weapons of survival.

$AAVE $USDC
Some people are starting to hoard mainstream altcoins
Maybe the altcoin season is really coming

A newly created address accumulated 89,100 AAVE in 14 hours
On June 23, according to The Data Nerd, a newly created address withdrew $4.37 million worth of AAVE from the exchange 7 hours ago. The address accumulated 89,100 AAVE in 14 hours, worth about $7.17 million.
#币安合约锦标赛 #币安HODLer空投 #MicroStrategy增持BTC

$BTC 7-year summary in the circle, not investment advice.
2017 was the ICO era, and public fundraising directly replaced VC and PE, so the bull market in 2017-2018 belonged to the OG platform and belonged to proxy investment. As long as you grab a share, you can make money.
In 2021, defi rose, and the actual market began to diversify and divert. As long as you run fast, you can make money.
At that time, IEO could also negotiate with the project party to release a part of the shares to users, so the general pricing was low when it went online, and buying new instead of old was also a typical feature of this period.
But now IEO is generally considered to have legal risks in compliance in most countries, so it can only be airdropped and market-priced, which means that if the circulation is large and the opening price is low, the project will perform relatively steadily, such as BB and Lista, but compared with 21 years, it is still too fast and lacks sufficient washing process.
The rise in 2024 was initiated by BTC ETF. The smart money in this wave belongs to the king-level projects and Lumao Studio. They love each other and have created a wave of beautiful data. On the one hand, the project parties can raise more money from VCs, and on the other hand, the project parties with money and users are full of confidence. There are millions of users on the chain. It doesn’t matter if a certain platform is not listed. There are many cex to be listed. If there is no cex, there is dex. At worst, there is Dex on the chain. So the platform has no pricing power.
Today, the market has indeed changed again. The self-destruction between Lumao Studio and L2 projects has turned into a farce, and Lumao may be coming to an end. At present, there are more professional players in both the primary and secondary markets. They have various tools to achieve risk hedging, but they have also expanded the market size. At present, as an ordinary investor, the ICO in 2017, the IEO in 2021, the nesting doll, and even the Lumao strategy in 2023 may not be suitable for today's market.
So is it a healthier market if there is a lack of VC investment and fewer project parties? In every cycle, there will be some projects that cross the bull and bear markets, and there are also countless top-level projects that fall on the road. Whether it is web2 or web3, there are very few successful startups, and projects that cross the gap and cross the cycle are even rarer.
Finally, a reminder: investment is risky, and you need to be cautious when entering the market.
#币安合约锦标赛 #MicroStrategy增持BTC #meme板块关注热点