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StarryNift 公民卡已发行 50,000 枚！公民身分 #Freemint  & 3D Space 免费领取
#StarryNift  #Trantor  #BinanceLabs  #Binance  

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Despite the market decline, the largest crypto exchange Binance saw $1.2 billion inflows in 24 hours. The world’s largest crypto exchange #Binance saw $1.2 billion in net inflows in the past 24 hours. According to a statement by DeFiLlama, the large capital inflow reflects users’ trust in Binance and their positive outlook on the future of the cryptocurrency market despite recent volatility. This large capital inflow is also a positive sign for Richard Teng, who took over as CEO after the multi-billion dollar fine imposed by the US for illegal activities and the departure of founder Changpeng Zhao. Richard Teng commented on the matter: “This marks one of the highest net inflows of 2024. Despite significant market declines in the past few hours, this potentially shows investors’ confidence and interest in buying at a lower cost when they think the timing is right.” “Current market trends also confirm this observation, as we are witnessing a recovery in the prices of major tokens. According to our internal data, yesterday was also one of the highest trading volume days of 2024.” In January, Binance pulled in $3.5 billion just two months after its owner was found guilty of money laundering and sanctions evasion. The exchange managed to pay the entire $4.3 billion DoJ fine without selling any crypto assets. However, Teng still faces numerous challenges. He needs to establish a global headquarters, appoint a board of directors, and provide an independent monitor for three years. Binance is also still not fully licensed in major crypto hubs, and its US subsidiary is dealing with a lawsuit filed by the SEC. The risks of operating in local markets without official approval were highlighted recently when India blocked access to Binance and other offshore platforms, removing their apps from the Apple and Google stores. Last year, countries from Australia to Belgium also cracked down on #Binance for operating without the necessary permits.

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Recent declines in the cryptocurrency market may be attributed to several possible reasons: 1. **Macroeconomic Factors:** Global economic uncertainties, inflation rates, interest rate hikes, and similar macroeconomic factors can affect the cryptocurrency markets. For example, central banks raising interest rates can reduce demand for risky assets. 2. **Regulatory Concerns:** New regulations or tightening of existing regulations can lead to panic and sell-offs in the cryptocurrency market. News from major markets such as the US, EU, and China regarding regulations can have significant impacts. 3. **Market Sentiment and Speculation:** Cryptocurrency markets are often driven by speculation, and news or social media influence can lead to significant fluctuations. Negative news or overall market sentiment can increase selling pressure. 4. **Technical Corrections:** Technical corrections in the market can also cause declines. Cryptocurrencies often experience a pullback following a strong upward trend, which can be a normal market movement. 5. **Security and Hacking Incidents:** Major exchange hacks or security breaches can undermine investor confidence and lead to sell-offs. **Solution Suggestions:** 1. **Research and Education:** Continuously educate yourself and research projects and market conditions. It is important to base your investments on solid fundamentals. 2. **Risk Management:** Establish a strategy that aligns with your risk tolerance. Use risk management tools such as stop-loss orders and portfolio diversification to limit potential losses. 3. **Long-Term Perspective:** Focus on long-term investment strategies rather than short-term fluctuations for more stable results. 4. **Avoid Emotional Decision-Making:** Instead of making emotional decisions during market declines, it is best to act according to a planned and rational strategy. 5. **Stay Informed:** Keep up with market developments and news to stay informed about market trends. #Binance #MarketDownturn

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Donald Trump Backs Bitcoin: Urges US to Lead in Crypto Mining In a live broadcast with Adin Ross, #DonaldTrump took a passionate jab at the US government’s approach to cryptocurrencies. He pointedly opposed such actions, citing the controversial $2 billion Bitcoin transfer by the US administration. Trump emphasized the strategic importance of crypto assets, particularly in areas such as artificial intelligence and blockchain technology, as key to maintaining a competitive advantage over global players like China. Trump, who has historically been skeptical of the digital currency world, has recently been signaling a significant shift with his meetings with major crypto players. Previously known for his cautious views on digital assets, the former President is making a 180-degree turn to acknowledge the transformative potential of the sector. His newfound advocacy for cryptocurrencies aligns with a broader strategy to revive America’s technological and financial leadership on the global stage. One of the driving forces behind Trump’s revised crypto policy is his recognition of the far-reaching benefits that blockchain technology offers the US economy. According to Trump, embracing these innovations could significantly increase the country’s economic autonomy and global influence. He elaborated on how integrating crypto assets into its financial system could increase the US’s economic resilience and maintain its position as a global power. A key aspect of Trump’s cryptocurrency advocacy is his desire to position the US as a leading power in Bitcoin mining. This desire aims to dominate the Bitcoin mining sector by leveraging the country’s vast energy resources and advanced technological infrastructure. He outlined that gaining leadership in this area could provide significant economic and strategic advantages and transform the #US into a superpower in the digital currency mining industry.

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⚡ Big News ⚡ KIP Protocol 🤝 Cat Gold Miner Excited to announce our strategic partnership with Cat Gold Miner, a metaverse project that uniquely combines NFT gaming and DeFi 🌟 Built on TON, Cat Gold Miner is a gamified airdrop platform and community growth hack project with over 7m total active users and 500k daily active users, recently winning the GameFi category at The Open League Hackathon 🏆 Together, we are set to onboard millions of users, driving significant growth and innovation in the space, powered by KIP. Check the tweet below to read more details about our partnership 👇 https://x.com/KIPprotocol/status/1820807818334925261

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