Almost all the comments on Twitter are criticizing Binance and Ms. Yi. I remain neutral. People in different positions have different opinions. There is no right or wrong. Everyone hopes that the industry will develop well and everyone will get rich together.
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Yi He
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Some summaries, 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 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 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 a sufficient wash 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 together. On the one hand, the project parties can raise more money from VCs (if you observe the top VCs in the market, they are all over a billion US dollars, which will indeed push up the pricing of good projects), 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 they don’t go on a certain platform. There are many CEXs to go on. If there is no CEX, there are still DEXs. At worst, there are Dexes on their own chains.
Trading platforms do not have pricing power, so for projects with high valuations, everyone should look at the fundamentals, not just the market value, but also the circulation.
Today, the market has indeed changed again. The fratricide between Lumao Studio and L2 projects has turned into a farce, and the Lumao era 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 hedge risks, but they have also expanded the market size. As an ordinary investor, the ICO in 2017, the IEO in 2021, the nesting dolls, and even the 2023 strategy of making money may not be suitable for today's market.
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 king-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.
Investment is risky, so be cautious when entering the market.
In the cryptocurrency world, once you have experienced the feeling of earning a month's salary in one day, it becomes difficult to return to an ordinary job.
After all, who would be willing to go from earning tens of thousands a day to a salary of a few thousand a month?
Therefore, if you can't go back to the past, you must become a strong player in this field and firmly grasp the hottest trends to truly achieve wealth growth. $BTC
QCP Capital released information through its official channels that the spot price of ETH has recovered significantly from the low of $3,400 at the opening of today, while the implied volatility jumped to 65% in recent trading. While market adoption of an ETH spot ETF remains uncertain, if it can attract flows equivalent to 10-20% of a Bitcoin ETF, the momentum could push ETH prices past the $4,000 mark. $ETH
Although ETH is still in a deep downtrend and the overall trend is downward, the market will also rebound briefly during the continuous decline, providing investors with short-term buying opportunities. However, it should be kept in mind that the overall contradiction still tends to be a high-altitude strategy, which means that whether it is looking for buying points in the rebound or seeking selling points at high levels, there is room for operation today. The key lies in accurately controlling the market rhythm.
Ethereum's resistance level during the day: 3500 to 3550, and the support level is between 3370 and 3410. The above information is for reference only and should not be directly regarded as investment advice. If you are confused, please feel free to communicate and discuss! $ETH
Today, 9 ETFs reduced their holdings by 2,824 bitcoins, equivalent to $182.6 million. Fidelity reduced its holdings by 1,377 BTC (approximately $89.06 million) and currently holds 170,152 BTC (approximately $11 billion). Grayscale reduced its holdings by 834 BTC (approximately $53.95 million) and currently holds 280,378 BTC (approximately $18.13 billion).
Bitcoinmagazine reports that Biden will attend a Bitcoin Roundtable with key congressional officials in Washington, D.C. The proposed meeting, led by U.S. Congressman Ro Khanna, will discuss how to keep Bitcoin and blockchain innovation within the United States.
U.S. Congressman Ro Khanna will host a Bitcoin and Blockchain Roundtable in Washington, D.C. in early July, describing it as "the most important meeting between blockchain policymakers and innovation leaders to date." The roundtable is expected to be attended by officials from the Biden administration, the House of Representatives and the Senate, as well as American businessman Mark Cuban. The main goal of the meeting is to strategize on how to keep "Bitcoin and blockchain innovation in the United States."
The move is seen as a response to former President Donald Trump's recent endorsement of the Bitcoin industry. Over the past four years, the Biden administration has taken a hostile stance toward Bitcoin and the crypto industry. This upcoming roundtable marks a shift in Washington's attitude toward the crypto industry, and given Khanna's partisanship, it may represent a warming of sentiment among Democrats. Earlier this week, it was reported that the Biden administration was in talks to accept cryptocurrency donations through Coinbase Commerce, after Trump also began accepting donations through Coinbase. $BTC
$ETH Ethereum has about 11.64 million USD on-chain loan liquidation quota at around 3234 USD. Please remember this price. If it drops to this price in the short term, you can consider doing one hand🈳$ETH
$IO is a good buying point now. This coin has only been listed for three days. Its historical peak is 6.44, but it has now become the focus of the market.
For IO, the number 6.44 is unlikely to be its peak in the short term, and it is likely to be replaced by a new high. Its current price is 4.98, and it has completed the callback. This is a good opportunity to buy. We have reason to expect its price to rise to 9 or even higher. $IO
According to Greeks.live data, 20,000 BTC options will expire today, with a Put Call Ratio of 0.49, a maximum pain point price of $68,500, and a notional value of $1.35 billion. At the same time, 200,000 ETH options will also expire, with a Put Call Ratio of 0.36, a maximum pain point price of $3,600, and a notional value of $710 million. Adam, a researcher at Greeks.live, pointed out that this week is an important macroeconomic week, with economic data showing favorable conditions for the risk asset market and a significant rise in the US stock market. However, the cryptocurrency market performed poorly, with major cryptocurrencies generally falling, especially altcoins, which fell more sharply. The market lacks hot spots recently and appears to be relatively calm. At present, the main medium- and short-term implied volatility (IV) of BTC has fallen below 50%, and the main medium- and short-term implied volatility (IV) of ETH has also fallen below 60%, both at a low level, so it is now more cost-effective for buyers. You can consider buying long $BTC $ETH
$AR can be bought for a rise. AR has fallen below $29 for a short time. It has been nearly halved from the high of $49 in the past few weeks, but the fundamental narrative is fine. Buying the bottom now will greatly increase the future return rate. $AR
$CRV You can consider shorting, as a large number of lending positions of Curve's founder have been liquidated.
Since 10 a.m. today, Curve's founder Michael Egorov's CRV lending positions have suffered large-scale liquidation, totaling about 100 million CRV (equivalent to about 27 million US dollars). $CRV $CRV
$W is currently a potential value-added opportunity. After the market crash on June 7, it quickly rebounded and hit a new high the next day. Although there has been no sustained increase in the past two days, the price has stabilized, and the current price is the lowest level in nearly a week, so it is relatively safe to buy now. It is expected that after a period of shock, there may be a large-scale price increase. The current price is 0.49.$W
Foreigners are all FOMO! Are there any hamsters who haven't boarded the train yet?
Foreigners are all FOMO! TIKTOK is all over the screen! Project owner 715W followers: @hamster_kombat There is a pattern exactly the same as NOT with a 6x explosion Just do it, it’s free and you will definitely make money! There are detailed tutorials below, please like and read it slowly👇👇👇
Have you been flooded with NOT messages recently? Daily increase list 100% increase in one day, rising every day The original form of his coin is a TG robot click game NOT is a project built on the TON chain, with more than 30 million participants, more than 6 million Telegram group members, more than 5 million daily active peaks, and backed by Telegram, which has more than 1.3 billion users.