Does anyone know how to use the miner added in Binance mining pool? Can it mine? I'm curious

#加密ETF申请热潮涌现
Current Situation

- US Market: Following the approval of Bitcoin and Ethereum ETFs, numerous institutions have begun applying for ETFs for other cryptocurrencies, such as Solana, XRP, and Litecoin. For example, asset management company Canary Capital has submitted applications for Solana, XRP, and Litecoin ETFs, while VanEck has also submitted an application for a Solana ETF.
- Hong Kong Market: Subsidiaries of Chinese financial giants such as Harvest Fund, Southern Fund, and Huaxia Fund in Hong Kong have also applied to launch Bitcoin ETFs.

Reasons

- Market Demand: Investor interest in cryptocurrencies continues to grow, with a desire to participate in crypto market investments in a more convenient and compliant manner. Crypto ETFs provide investors with a relatively more accessible and manageable investment channel compared to traditional financial markets, lowering the investment threshold and alleviating concerns over liquidity and other trading issues.
- Industry Development: The successful approval and good performance of ETFs for mainstream cryptocurrencies like Bitcoin and Ethereum have set a precedent for the market, demonstrating the feasibility and potential of crypto ETFs. For instance, the asset management scale of Bitcoin ETFs has rapidly increased, attracting more funds into the crypto market.
- Regulatory Environment Changes: Regulatory agencies in some regions are gradually adopting a more open and accommodating attitude toward cryptocurrencies, providing a certain policy space for the application and approval of crypto ETFs. For example, the new US President Trump has a relatively open attitude toward cryptocurrencies, and supporters of cryptocurrencies within his administration may push for relaxed regulatory policies.

Impact

- On the Cryptocurrency Market: If a large number of crypto ETF applications are approved, it will attract more traditional investors and institutional funds into the crypto market, enhancing market liquidity and activity, and driving up cryptocurrency prices and market capitalization. At the same time, it will also encourage the cryptocurrency industry to become more standardized and legalized, improving market transparency and fairness.
- On Financial Markets: The development of crypto ETFs will further strengthen the correlation between traditional financial markets and the crypto asset market, prompting financial institutions to develop more innovative products and services related to cryptocurrencies, and driving diversification and innovative development in financial markets.

#2025加密趋势预测
The following is some analysis of crypto trends in 2025:

- Market and investment: First, the inflow of funds continues. Cryptocurrency spot ETFs are expected to continue to have strong inflows in 2025, providing impetus for the growth of cryptocurrencies. Second, the development of stablecoins. The issuance of stablecoins will continue, and the market may be more diversified, which will help create a healthier cryptocurrency market and promote the development of decentralized finance (DeFi); at the same time, the competition for stablecoins is becoming more and more fierce, and fiat currency mortgages and algorithmic stablecoins are transforming towards emerging markets and low-risk investments respectively. Third, the market value growth is expected. It is predicted that the total market value of the crypto market will exceed 8 trillion US dollars.
- Technology and application: First, the combination of AI and blockchain. AI browser agents may become the key to improving the blockchain user experience, and may also promote the development of AI wallets, decentralized computing power, and decentralized data projects.

#BTC上攻11万
Recent Bitcoin market fluctuations have been intense. Here are the specifics:

- Significant price drop: On December 19, influenced by the Federal Reserve's interest rate decision, Bitcoin (Bitfinex USD) plummeted by 5%, marking the largest drop in over three months. On December 20, Bitcoin fell below the $98,000 mark, dropping 2.36%, and briefly reached $95,672.2. On December 23 at 7:12 AM New York time, Bitcoin dropped about 3% to $95,420.
- Current price range and trend forecast: According to Coin Circle's news on December 26, the expected trading range for Bitcoin this week is $94,000 to $105,000.
- Relevant institutional dynamics and impacts: On one hand, MicroStrategy Inc. plans to issue stocks to purchase more Bitcoin, and earlier this week the company added $561 million worth of Bitcoin at an average price close to last week's record high, marking its seventh consecutive week of purchases, which has a certain driving effect on the market. On the other hand, Binance's Bitcoin reserves have recently fallen below 570,000 coins, hitting the lowest level since January of this year. However, some believe this may indicate that investors are transferring Bitcoin to cold wallets, showing confidence in its long-term price trend.

#市场反弹迹象
The following are possible signs of a rebound in the virtual currency market:

- In terms of price trends: The prices of mainstream virtual currencies such as Bitcoin have stabilized after a rapid decline in a short period, for example, Bitcoin's price plunged to $92,000 on Christmas Eve and then rebounded to $98,000 the next day; other major virtual currencies, such as Ethereum, have also shown similar price recovery phenomena, with Ethereum ETF receiving inflows for the second consecutive day, adding $53.6 million after an inflow of $130.8 million on Monday.
- In terms of capital flow: A significant amount of capital has begun to flow into the virtual currency market, such as continuous net inflows into Bitcoin ETF during a certain period, or some large investment institutions and companies publicly expressing their intention to increase investments in virtual currencies.
- In terms of market sentiment and expectations: Investors' future expectations for virtual currencies like Bitcoin are gradually turning optimistic, as panic among investors on social media and cryptocurrency forums is decreasing and bullish comments are increasing; some well-known cryptocurrency analysts and financial media have started to publish views and analyses indicating that the virtual currency market is about to rebound or enter a rising cycle.
- In terms of technical indicators: From a technical analysis perspective, indicators such as the MACD starting to flatten or show upward crosses in negative territory, the RSI starting to recover from the oversold area, and the KDJ forming a golden cross; the prices of virtual currencies successfully breaking through key resistance levels, such as Bitcoin's price breaking through recent downtrend lines or important integer levels.
- In terms of market activity: The trading volume of virtual currencies has significantly increased, indicating that market trading is active, and the participation of both buyers and sellers is rising; new virtual currency projects or applications are continuously being launched, attracting more developers and users to enter the market, bringing new vitality to the market.

#加密市场盘整
"Consolidation in the Cryptocurrency Market" is a common state in the cryptocurrency market.

When cryptocurrency prices fluctuate within a small range for a period of time, without a clear upward or downward trend, it is referred to as consolidation. For example, if the price of Bitcoin oscillates between $30,000 and $32,000 for a period without breaking out of this range either upward or downward, it is in a consolidation phase.

This situation may arise due to various factors. On one hand, the market supply and demand may temporarily reach a balance. When the forces of buyers and sellers are equal, it becomes difficult for prices to rise or fall. On the other hand, external news may be relatively calm, with no significant positive or negative news stimulating investors to buy or sell, resulting in a market atmosphere that is heavily wait-and-see during the consolidation phase. During the consolidation period, the market trading volume is generally also relatively low. $BTC

Coming to the crypto world, I realized that there are really many wealthy people. I don't know how you make money trading cryptocurrencies. Since 2018, everything I've done has lost money, never made a profit. I'm curious.

#比特币市场波动观
Reasons for Volatility

- Macroeconomic and Policy Factors: The uncertainty of the global economy and changes in monetary policy, such as interest rate hikes or cuts by the Federal Reserve, can affect investors' risk preferences, prompting capital inflows or outflows from the Bitcoin market. Political events such as the U.S. elections can also impact market expectations and investor sentiment, thereby affecting Bitcoin prices.
- Market Supply and Demand: The Bitcoin halving mechanism reduces its supply, increasing scarcity and driving prices up. However, when a large number of investors take profits or panic sell, it can result in an oversupply in the market for a short time, leading to a sharp price drop.
- Regulatory Policies: Countries have different attitudes and policies regarding the regulation of cryptocurrencies, which can create uncertainty. Some countries tightening regulations can trigger market panic and sell-offs; conversely, regions with friendly policies or relaxed regulations may attract capital inflows, stimulating price increases.
- Investor Sentiment and Market Psychology: There are many participants in the Bitcoin market. When market sentiment is optimistic, investors buy in, pushing prices up; however, if panic selling occurs, it can lead to a price crash. Additionally, the "herd effect" can cause investors to blindly follow trends, exacerbating market volatility.
- Technological Development and Security: The development of blockchain technology and the expansion of application scenarios can increase the expected value and market demand for Bitcoin. However, technical vulnerabilities, hacker attacks, and exchange risk events can raise market concerns, leading to a decrease in investor confidence and sell-offs of Bitcoin.

Impact of Volatility

- Impact on Investors: The significant volatility of Bitcoin prices poses high risks and high returns for investors. If investors seize the right opportunities, they can earn substantial profits; conversely, they may suffer huge losses, even facing liquidation.
- Impact on Financial Market Stability: The severe fluctuations in Bitcoin prices can trigger uncertainty and panic in the financial markets, which may transmit this sentiment to other financial asset markets, affecting the overall stability of the financial system.
- Impact on Macroeconomy: Bitcoin price volatility can affect macroeconomic indicators such as inflation rates, monetary policy, and economic growth, thereby influencing the overall stability of the economy. For example, a significant rise in Bitcoin prices may be seen as an asset bubble, posing potential threats to economic stability.

#比特币市场波动观察
Causes of Volatility

- Macroeconomic and Policy Factors: Global economic uncertainty and changes in monetary policy, such as the Federal Reserve's decisions on interest rate hikes or cuts, can affect investors' risk appetite, prompting funds to flow into or out of the Bitcoin market. Political events like the U.S. elections can also influence market expectations and investor sentiment, thereby impacting Bitcoin prices.
- Market Supply and Demand: The halving mechanism of Bitcoin reduces its supply, increases scarcity, and drives prices up. However, when a large number of investors take profits or panic sell, it can create a temporary excess supply in the market, leading to a sharp price decline.
- Regulatory Policies: There are differences and uncertainties in the regulatory attitudes and policies toward cryptocurrencies across countries. Strengthened regulations in some countries can trigger market panic and sell-offs; conversely, friendlier or relaxed regulations in some regions might attract capital inflows, stimulating price increases.
- Investor Sentiment and Market Psychology: The Bitcoin market has many participants. When market sentiment is optimistic, investors follow the trend to buy, pushing prices up; however, once panic selling occurs, it can lead to a price crash. Additionally, the “herd effect” can cause investors to follow the crowd blindly, exacerbating market volatility.
- Technological Development and Security: The development of blockchain technology and its expanded application scenarios can increase the value expectations and market demand for Bitcoin. However, technological vulnerabilities, hacker attacks, and risks from exchanges can trigger market concerns, leading to investor confidence being undermined and subsequent Bitcoin sell-offs.

Impact of Volatility

- Impact on Investors: The significant fluctuations in Bitcoin prices present high risks and high returns for investors. If investors seize the right moment, they can gain substantial profits; conversely, they may suffer huge losses, even liquidating their positions.
- Impact on Financial Market Stability: The extreme volatility of Bitcoin prices can create uncertainty and panic in the financial markets, and this sentiment may spill over into other financial asset markets, affecting the overall stability of the financial system.
- Impact on Macroeconomy: Bitcoin price fluctuations could affect macroeconomic indicators such as inflation rates, monetary policy, and economic growth, thereby influencing the stability of the entire economy. For instance, a significant rise in Bitcoin prices might be viewed as an asset bubble, posing a potential threat to economic stability.

Bitcoin's recent trend has shown significant fluctuations. Here is its recent situation:

Recent Price Trends

- On December 16, during the Asian market's early trading, Bitcoin's price surged again, reaching a historic high of $106,495.
- On December 20, Bitcoin's price dropped sharply, and as of 18:25 Beijing time, the decline expanded to 7.5%, falling below $94,500.
- On the evening of December 21, Bitcoin's price against the US dollar on the Binance trading platform was $97,524, with a 24-hour increase of 0.46%.
- On December 22, according to analyst Liang Qiu's analysis, Bitcoin's price surged to a maximum of $99,500 in the early session but then faced downward pressure. The overall volatility was significant, and it was suggested to enter long positions around $96,400 to $97,000, targeting near $99,500.

Influencing Factors

- Policy Factors: Federal Reserve Chairman Powell stated that the Fed is not allowed to hold Bitcoin, among other related remarks, which led to a decline in Bitcoin and an increase in market hedging demand.
- Market Factors: Since the U.S. election on November 5, Bitcoin's price has risen over 45%, but subsequently, profit-taking sentiments emerged in the market, leading to a price correction.
- Technical Factors: From a technical perspective, after a significant rise, Bitcoin's price faces certain correction pressure, and some key support and resistance levels affect its short-term trend.

#比特币市场波动观察
Bitcoin's recent price movements have been quite volatile. Here is a summary of its recent situation:

Recent Price Trends

- On December 16th, during the Asian market's early session, the price of Bitcoin surged again, reaching a historic high of $106,495.
- On December 20th, the price of Bitcoin dropped significantly, and as of 18:25 Beijing time, the decline expanded to 7.5%, falling below $94,500.
- On the evening of December 21st, the price of Bitcoin against the US dollar on the Binance trading platform was $97,524, with a 24-hour increase of 0.46%.
- On December 22nd, according to analyst Liang Qiu, Bitcoin's price peaked at $99,500 in the early session, then faced selling pressure and retreated. The overall price movement was quite large, and it is recommended to enter long positions around $96,400 to $97,000, targeting near $99,500.

Influencing Factors

- Policy Factors: Federal Reserve Chairman Powell stated that the Federal Reserve is not allowed to hold Bitcoin, among other related statements, which led to a decline in Bitcoin and increased market hedging demand.
- Market Factors: Since the US election on November 5th, the price of Bitcoin has risen over 45%. However, profit-taking sentiment emerged in the market, leading to a price correction.
- Technical Factors: From a technical perspective, after a significant increase, Bitcoin's price faces some correction pressure, with several key support and resistance levels impacting its short-term trend.

#加密市场回调
A cryptocurrency market correction refers to the decline in cryptocurrency prices that occurs after a period of increase.

- Market sentiment changes: When investors' confidence in cryptocurrencies wavers, such as due to negative news (like a major cryptocurrency exchange experiencing a security breach or a country intensifying regulations on cryptocurrencies), it can trigger a wave of selling, leading to a price correction.
- Technical factors: From a technical analysis perspective, after the price rises to a certain level, it may encounter resistance. For instance, when Bitcoin's price reaches a previous high point, a large number of sell orders may be waiting to be executed, making it difficult for the price to break through and thus leading to a correction.
- Macroeconomic factors: Changes in the global economic situation can also affect the cryptocurrency market. If the monetary policy of major economies tightens, funds may flow back into traditional financial markets, reducing the amount of capital in the cryptocurrency market, which can lead to a price correction.

Impact

- Impact on investors: For short-term investors, this may result in losses, as they may rush to sell their holdings. However, for long-term investors, a correction may present a good opportunity to buy at a lower price.
- Impact on the market: A correction can reduce market activity, with both trading volume and transaction amounts decreasing, which may also put some small cryptocurrency projects in a difficult financial position.

The recent market fluctuations of Bitcoin (#比特币市场波动观察 $BTC ) have been significant. On December 20th, according to CoinWorld, the price of Bitcoin was $97,346.45, down $884.07472 from the previous day, a decrease of 0.9%, with a 24-hour volatility of 7.41%, a high of $99,064.06, and a low of $92,232.54, with a 24-hour volume of $123 billion and 1.26 million transactions. Previously, on December 19th, Bitcoin briefly fell below the $96,000 mark, reaching a low of $95,700 per coin, down from a high of $108,000 per coin, a drop of over $10,000 per coin in two days.

The main reason for this decline in Bitcoin's price is the monetary policy of the Federal Reserve. Federal Reserve Chairman Powell clearly stated at the post-monetary policy meeting press conference that the Fed has no intention of participating in any government plan to hoard Bitcoin, which caused market turbulence. At the same time, the Fed is expected to cut interest rates this Wednesday but released hawkish signals, indicating that it will reduce the number of rate cuts next year.

$TRX
When will this end? It keeps falling. Are you planning to cut off all of us newbies before the New Year? I’m so annoyed.

#市场调整後的机会？

Bitcoin Ecosystem Related

As the expectation of Bitcoin halving approaches, its related tokens may benefit, and market liquidity is expected to enhance. Tokens in the inscription sector such as ordi, rats, sats, as well as Bitcoin layer two tokens like stx, alex, are worth paying attention to.

Ethereum Layer Two

Ethereum layer two is considered to have a relatively high certainty of opportunities. Some of its related tokens such as ssv, ldo, ethfi, etc., have developments in staking and other areas, making them worth watching.

MEME Coins

There is a viewpoint that MEME coins will become the strongest track after BTC's main upward wave. Some MEME coins currently valued at only a few hundred million dollars have the potential to challenge the $10 billion mark, presenting a growth space of 10 to 20 times.

Institutional Capital Inflow

Institutions continue to buy BTC and other virtual currencies, and this buying trend may continue. Some believe that buying operations will persist until its market value surpasses that of gold.

Web 3.0 Payments

Web 3.0 payments based on blockchain technology are becoming increasingly mature. In addition to crypto industry giants, traditional financial institutions are also beginning to lay out their strategies. With advantages such as decentralization, fast transaction speeds, low costs, and no geographical restrictions, it is expected to play an important role in scenarios such as cross-border payments.

$BNB
BNB is short for Binance Coin.

It is a cryptocurrency issued by Binance. Binance is a globally recognized cryptocurrency trading platform. BNB was originally an ERC-20 standard token based on the Ethereum blockchain, and later Binance built its own blockchain, Binance Chain, where BNB became the native token of that blockchain.

BNB has various uses. Within the Binance platform, it can be used to pay trading fees, and using BNB to pay fees typically offers a certain discount. Additionally, it plays a key role in the Binance ecosystem!

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194002570

You four have the ability to bring me down to the bottom, down to zero, and lose a lot of money. I am still afraid of you.

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$BTC
Great support from the pancake