YingYun

$BNB After the correction in the past few days, #BNB‬ has temporarily held up around 515, which is very healthy for medium and long-term holdings. I once had the urge to cover my position. After thinking about it, I considered that my current position #BNB‬ is sufficient and the current price is still higher than mine. The average cost was more than 2 times, and finally stopped.

If there is a bigger correction, we will continue to cover our positions. Regular financial management combined with Launchpool’s new currency mining can bring good returns even if we hold it for a long time.

Some new coins were also entered in the spot market at #aevo . The recent Binance new coins could not catch people even if there was a certain decline after they were launched. I thought these new coins were a good target for short-term holdings, so I bought some #AEVO。

#BNB‬ $BNB

#BNB‬ has touched 600U. It is the only currency in the top five market capitalization that has been continuously purchased and held in the past six months. In this bull market, Binance, the world's largest exchange, will definitely be able to attract many new users and markets. BNB has a lot of room for growth. There will definitely be good performance in the future

Believe and wait for new peaks!

$WLD recent information compilation of OpenAI

Worldcoin, the crypto startup co-founded by OpenAI CEO Sam Altman, has announced major expansions to its eye-scanning identity platform, including integrations with major tech companies and a new multi-layer verification system for the World ID “digital passport.”

Tiago Sada, product lead at Tools for Humanity, the company behind Worldcoin, said in an interview that World ID 2.0 marks a "huge upgrade" for the protocol, combining "the ideas originally proposed in the white paper" with "what we started as developers." feedback heard there”.

Sada said Worldcoin will begin offering live launches of its witness services in Singapore and Mexico. He also mentioned a number of companies, including Shopify, Mercado Libre, Minecraft, Reddit and Telegram, that will allow users to log in using World ID.

New partners will benefit from the 2.0 upgrade, as it will make it "easier to distinguish between bots and verified humans online," Tools for Humanity said in an email.
Speaking of Worldcoin, we have to mention that sphere - that retinal scanning sphere used to exchange World ID passports. It's a basketball-sized chrome sphere that scans eyeballs to authenticate first-time users. It does this to ensure that all World ID holders are verifiably unique, which could be useful for online services to tell bots from real humans in an era of increasingly weird artificial intelligence.

The eerily intimate nature of Worldcoin’s chosen authentication method raises concerns about user privacy: For some in the privacy-focused, anti-corporate blockchain industry, handing biometric data over to a shiny Silicon Valley startup The idea of ​​a metallic sphere inevitably conjures up images of dystopia.

However, Tools for Humanity stated that Worldcoin does not save the eye scan data and only uses them the first time a user authenticates. Tools for Humanity also promotes the World ID service as a more privacy-preserving alternative to traditional authentication systems. World ID holders can "verify to an app or service that they are human without disclosing their identity," Tools for Humanity said in its statement.

On Reddit, for example, moderators of subforums can use World ID to "give specific roles or special permissions to people who have been verified as human," Sada said.Or on Shopify, merchants issuing discount codes can use World ID to "make sure you only get the discount once," he adds.

With World ID 2.0, "new verification levels" have been added to accommodate users who choose to provide different amounts of verification data. In addition to the standard sphere-based World ID, there is a new basic level of World ID that forgoes retinal scanning and allows users to verify their identity on their own device. This lower verification layer can help extend ID to people who don't have access to Sphere verification sites, and can be used to log in in apps that require fewer physical identification requirements.

At the other end of the validation spectrum will be another new - and more rigorous - variety, called Orb Plus. This option can be used by application makers if they want Sphere-authenticated users to re-authenticate themselves every time they log in with a World ID.

Tools for Humanity says that since Sam Altman launched the sphere in 2021, "nearly five million people" have scanned their eyeballs in exchange for a World ID. Sada said this figure "includes more than 1% of the population of Chile, 1% of the population of Argentina and more than 2% of the population of Portugal". Worldcoin’s main product today is a crypto wallet application that anyone can use, which provides special access to verified ID holders.

Sada said Altman remains actively involved in major product and strategic decisions at Worldcoin, and claimed he learned of OpenAI’s unexpected firings and rehires of AI luminaries through the news.

Information reading record

The National Audit Office noted that even if financial regulators had enforcement powers, enforcement actions could actually take years.

Britain's National Audit Office said the financial regulator (FCA) has been slow to implement enforcement actions, particularly against companies that break the rules. The Audit Office specifically highlighted the FCA’s lag in registering crypto companies and enforcing actions against crypto ATMs.

The FCA has required crypto firms to register to comply with anti-money laundering regulations since January 2020, but did not start action against illegally operating crypto ATMs until February 2023. The Audit Office report noted that the FCA claimed to have seen a significant 68% drop in reported crypto ATM activity in 2022, but this was not entirely attributable to the FCA’s actions.

The FCA has faced criticism from the crypto industry for being too slow in processing registration applications, which the FCA has attributed to staff attrition issues. The report also states that the FCA handled 1,400 cases related to unregulated crypto activities between January 2020 and June 2023.

The FCA gained additional powers over the crypto industry after passing the Financial Services and Markets Bill earlier this year, which treated crypto and stablecoins as regulated financial services, and began exercising its new powers.

Project sharing key excerpts

Pudgy Penguins will launch a Webkinz-style virtual world called Pudgy World in 2024.

Pudgy World is an interactive digital world available only to Pudgy Penguin NFT holders and is expected to enter alpha mode early next year.

Pudgy Penguins, an NFT-related toy that entered Walmart earlier this year, will now enter the online gaming space.

Pudgy World will be an interactive digital playground open to Pudgy Penguins NFT holders, toy owners, and new players. An early version is expected to launch by April next year, offering narrative-driven and open-ended gameplay options.

Pudgy Penguins CEO Luca Netz said at the Art Basel contemporary art conference in Miami that Pudgy World will allow players to interact with their characters more deeply and take their love to a new level.

The Pudgy Penguins NFT project was launched in July 2021, providing NFTs to the fat penguins of Antarctica. After an internal dispute, the project announced the launch of physical toys, including plush dolls and action figures, in September 2021, which will be sold in 2,000 Walmart stores in the United States, becoming an important breakthrough for an NFT brand to enter mainstream consumer culture for the first time.

Sales of the toys are expected to exceed $10 million in the second half of this year.
The launch of Pudgy World coincides with manufacturers increasingly linking physical toys with virtual games for a generation of digitally native consumers.

Each Pudgy Penguins toy will come with a scannable code containing a digital 'Forever Pudgy' birth certificate, or character unique to Pudgy World.

Players can explore Pudgy World as their own customizable character and will introduce the brand's first "hero characters": Pudgy and Peaches.

The Pudgy Penguins NFT collection was first released in July 2021 and sold out within minutes. So far, the collection has 8,888 NFTs held by more than 4,000 people, according to Open Sea data. The lowest price in the series is about $27,000, up from $90 two years ago. According to CoinGecko data, the series has a market capitalization of nearly $250 million.

Summary for SocialFi/GameFi phases

The impending approval of a Bitcoin spot ETF marks a new peak since the crypto market reached a bear market in November. This news has brought a general upward trend to the market, and new projects and gameplay methods are constantly emerging, attracting the attention of a large number of new and old users. This trend heralds the crypto market’s recovery from a long-term downturn and officially entering a bull market.

In the last bull market, DeFi projects, NFTs and GameFi triggered a market craze. For the current bull market, areas that the industry is generally optimistic about include Ethereum/BTC L2, Brc20, SocialFi, Web3 games and decentralized derivatives. Developments in these areas will have a significant impact on the market.

Friend.tech, a new project on the SoicalFi track, has triggered a new explosion of social applications. As a basic human need, social networking has become the most efficient traffic entrance for Web3. At the same time, the success of Bigtime has also caused the market to begin to re-examine the GameFi track. People have begun to pay attention to the playability and sustainability of games, and have more considerations for capital and user investment.

The Socrates platform combines SocialFi and GameFi into a global Web3 platform. Through the combination of social networking and games, it not only meets the social and entertainment needs of users, but also provides users with the opportunity to earn rewards. Socrates' multi-chain support and openness to diverse topics make it an inclusive community that effectively introduces Web2 users to Web3, creating economic value while also meeting users' knowledge sharing and emotional needs.
#BigTime

The cryptocurrency market once again showed signs of activity, especially when the market exceeded the $38,000 mark, and market sentiment was obviously mobilized. This change is widely seen as a positive market signal, indicating that the current market is rebounding across the board, although the performance of individual coins has been mixed.

What deserves special attention is the AI ​​concept currency, #WLD #PHB #CTXC #Fet , etc., which continue to show a strong trend. These coins performed well in yesterday's trading, and what we need to pay close attention to today is whether these funds can continue to flow in.

If not, you should avoid chasing prices blindly, and instead consider gradually taking profits from previously held positions.
In this market dynamics, there are some special cases worthy of attention. For example, $SSV, due to the launch of non-validation nodes,
There has been a rapid upward trend recently. Around $25 is seen as a key pressure level, and the market is currently watching to see if this price point can be breached. If it can break through, it could spark another rally.

On the other hand, the TRON inscription market seems to be beginning to undergo a wave of adjustments. The influence of this "Sun's Cut Theory" seems to have become a rule in the market.

The market's breakthrough of $38,000 and Ethereum's breakthrough of $2,100 are undoubtedly a result of market capital flows.

At present, there is no large-scale capital injection in the market, and the funds in the market are mainly the rotation of funds on the market.

From the above conclusion, combined with history, it is very likely that a fall after a false breakthrough will occur.

Three points to look at the Binance incident $BNB

Anti-money laundering compliance issues: Binance was accused of failing to effectively maintain an anti-money laundering program. The main issue was providing services to countries and regions sanctioned by the United States and receiving significant fees from them. This demonstrates Binance’s shortcomings in complying with anti-money laundering laws.

Compliance requirements for the U.S. market: The Deputy Attorney General’s statement emphasized that cryptocurrency and decentralized finance companies must comply with U.S. laws if they serve U.S. customers. This shows that the U.S. government’s regulatory attitude towards the cryptocurrency industry is open but requires strict compliance.

The future direction of Binance: After CZ announced his departure as CEO, the new CEO has a strong financial compliance and government background, indicating that Binance may pay more attention to compliance and cooperation with government departments.

This incident is a warning for Binance, but it is also a turning point. The United States did not directly ban Binance’s business, emphasizing the importance of compliance. To the market, this shows that the U.S. government is open to cryptocurrency companies operating as long as they comply with the law. Binance has not been accused of financial problems, which is a positive sign. The incident is an opportunity for Binance to further improve compliance.

Personal opinion about blast $ETH $LDO
Blast, a Layer 2 platform that does not even have a testnet, only launched the deposit function, and its total value locked (TVL) exceeded US$100 million in one day. This is indeed a good start, as the growth in numbers gives an intuitive sense of excitement. While it is not ruled out that Blast may be successful in the future, there are risks, and I am personally involved. This is not to pour cold water on it, but something needs to be clearly understood.

Among them, approximately US$91 million is stETH stored in Lido. This means that the funds are actually held in Lido, so it’s difficult to say that this is entirely Blast’s own TVL, it just helps users deposit funds. Blast itself doesn’t create any incremental assets, it just acts like a salesperson helping other banks attract deposits. At the same time, Lido itself faces the problems of centralization and low returns, and it is not native Staking. Investing 90% of Layer 2 assets in a non-native DeFi protocol is inherently risky, especially considering stETH’s history of decoupling.

After switching to POS, Ethereum staking has become a stable interest-generating tool in the currency circle. Users usually pledge idle funds that they do not commonly use. It’s important to note that Blast is a blockchain, not a DeFi protocol. There is no problem with DeFi protocols locking assets, but the blockchain needs to be used by people to allow assets to flow on various Dapps.

If Blast’s initial approach to establishing TVL was to make money by earning interest on deposits, the tone set might be a challenge. When the real mainnet is online, how much of such a large-scale TVL can be converted into active funds, so that funds can truly flow on the chain, will be a question worth paying attention to.

Blast, the new Ethereum second layer network, attracted $30 million in investment within hours of launching its bridging feature. Blast has famous investors such as Paradigm and members of "eGirl Capital". However, investors were unable to withdraw their funds until February.
Blast’s unique design also adds to its appeal: depositors start earning while transferring ether and receive BLAST points. “Blast inherently participates in ETH staking, and staking proceeds are passed back to L2 users and applications,” the team said in a post on Tuesday. “We redesigned L2 from the ground up so that if you have 1 ETH in your Blast wallet, over time it will automatically grow to 1.04, 1.08, 1.12 ETH.”
Users will have to wait until the mainnet goes live in February before they can withdraw any funds from the network or participate in on-chain activities. As a result, as of Tuesday, Blast is currently only open to invited users, requiring an invitation code to access. Additionally, BLAST points can be redeemed starting in May.
According to data, of the total bridge funds, more than US$19 million in Ethereum has been pledged on Lido, and it is expected to earn an annualized return of up to 4%. Another $3 million is on Maker, and a small amount of $150,000 in dai (DAI) stablecoin is sitting idle in the wallet.
Users who use stablecoins to cross the bridge will receive Blast’s automatically reconstructed stablecoin USDB. USDB’s revenue comes from MakerDAO’s on-chain T-Bill protocol.
Blast has raised over $20 million in a funding round led by Paradigm and Standard Crypto, led by anonymous @PacmanBlur, one of the co-founders of NFT marketplace Blur.
$ETH

It’s the third week since I returned to contract trading. Today, ether has accelerated again. It seems that the phased rise has come to an end. It depends on whether it will consolidate or fall back. $ETH $BNB $BTC

The BNB system has also seen a big make-up increase as TWT and CAKE were added to the contract, and the make-up increases of all currencies are almost the same. #TWT #cake #BNB

Compared with the performance in the first week, the current contract profit is still around 2 times. There has been almost no progress in the past two weeks, and the market is rising. It is not so good for my strategy of mainly short orders. A real breakthrough depends on I just need to make money on spot money. If the contract is mainly short, I can also hedge my spot money.

In short, the current pending order is around 1910, and the full position is 5 times short. The ether has retreated to 1860, and we are looking forward to the start of the bull market #ETH。

#BTC $BTC I posted an article yesterday. I was right to bet on the pressure and stopped 70%. But this time I was just betting on the pull. I don’t think my interpretation is correct. I can only say that I was lucky.

To do better, you should open high leverage and low positions to capture the retracement of 200-300 when the breakthrough is made. If there is no breakthrough, it will not happen. It has a certain return ratio, and overall the risk is lower. The trend is long until the 32,000 breakthrough. Just find some more positions, and you can now make a profit of close to 34,000.

I made the bet because I was too optimistic about the market and worried that I would not be able to enter the market if I pulled it. The optimistic point is that I think GrayScale’s ETF will be approved sooner or later. Although it has not happened yet, it will be a matter of time and it depends on the price. react in advance

90% of $TRB has stopped placing orders recently. Now I have to either gamble or guess the direction. I have lost a lot playing this kind of contract, not to mention that I am still placing short orders at #TRB . After TRB ends this month, I should not touch the contract in the short term. If the market is really bullish, playing with contracts will lead to a dead end

If the big pie withdraws about 32,000, it depends on the situation to replenish the spot.

Give me a like and I will reply
In the first half of 2023, I didn’t open a single contract. I occasionally bought spot. Last week, I restarted Binance’s contracts. I plan to practice my skills. Let’s review the recent orders and future directions.

#LOOM $LOOM is a relatively popular project recently. It is a typical copycat that explodes and plummets. I open a short position with the lowest risk possible and make a small profit at the end. The result is not bad. I will not touch this project again.

#BigTime It’s hard to say anything about chain game coins at the moment, because I still hold the order. If it goes up, I will be short. If I don’t pull more than 3 times, I will see less than 1 yuan. Anyway, the position is small, and I won’t increase the position by 10 times. All are stable.

#TRB $TRB , this thing that everyone calls the demon coin, I am currently experiencing small and medium profits. I plan to go short when it reaches 76, and if it goes below 200, I will wait for the collapse.

The recent rising market is at a critical position, especially the big pie and ether, which have a large number of short orders in the range. Some people are optimistic about the bull market, while others are waiting for a rebound.

It is definitely possible to open a position on $BTC spot now. After all, it is an upward trend. Regardless of the correction, it is an upward trend. There are only a few actual situations.
1. An immediate bull market

2. In a bull market after a rebound

3.Crash

First of all, regardless of the crash situation, the bottom line below #btc #ETH is clear. Open a position directly on spot. If it rebounds, open positions in batches, the contract will be more embarrassing. Entering the market now is like betting on a rebound. You can take a gamble or wait and see.

I was the one who suppressed the rise at the end of the market. I set a stop loss and entered the market to bet. The market was pulled past a key point such as 31,000. If it stabilizes and starts to consolidate, the fuel will be enough to start the rising market.

Conclusion: Directly opening a position is the most stable. If you want to bet, place an order, otherwise just wait and see.

Whoever comes to TRB will suffer from this wave. 75% of the price of short orders is still held by the dealer. The first burst price of short orders has gone up again. The funding rate is also terrifying. At a casual glance, it is -0.3%. When the dealer takes profit and turns back, there will be another wave of short sellers. huge plunge

To absorb the terrifying amount of funds that must be carried by short orders, you can only go in this direction when liquidity increases and forces the current floating profit stop. #TRB

Bitcoin is hovering above the $26,8000 mark after losing 3% over the past week, and Ethereum is trading above $1,500 after losing 5% on a weekly basis. Other major coins held steady after some losses, with BNB down a relatively decent 3%.

Last night’s CPI was negative but had little impact. Continue to pay attention to the Israeli-Palestinian war and make a good strategy $BTC $ETH $BNB