#京东发行稳定币 We will soon have our own stablecoin, and it is issued by JD.com. Did you hear it wrong? It is Dongge's JD.com. On December 27 last year, the Hong Kong Regulatory Authority said that qualified institutions should issue stablecoins and Hong Kong dollars to achieve a 1:1 exchange. A few days ago, this sandbox mode was officially launched. The participants include JD.com, Yuanbi and Standard Chartered. Why should stablecoins be issued? In fact, in the field of cryptocurrency, stablecoins are bound to appear. Whoever gets stablecoins will win the world. It has several very special features that determine that it is indispensable in the development of the entire WEB3. First, because ordinary encrypted assets are too volatile, they often collapse and rise in a moment, causing players' confidence to jump up and down, and their mentality is damaged at every turn. Second, there is a lack of stable settlement methods between virtual currencies, which will further increase the volatility and even lead to a situation where there is a price but no market, which makes the bartering in our primitive society very inefficient. Third, the stability rate. In fact, it can be withdrawn very efficiently through online operations. It directly evolved the trading method of the crypto circle from bartering to shopping with currency. Fourth, whether the stability ratio is stable is actually very important. The first point is how to regulate, and the second point is how much reserves are. From the perspective of regulation, we must not be like some traditional forces who are very unrestrained and issue them casually. From the perspective of reserves, one Hong Kong dollar is issued for one horse house coin, which is still reassuring. The stable currency we are familiar with is U, USDT issued by Tether, but the most mainstream credit endorsement it borrows is the reserve endorsement of Tether itself and the US dollar. It cannot be compared with the credit endorsement of the stable currency that Hong Kong will issue in the future. We said before that Hong Kong wants to do WEB3, so it must issue stable currencies. As expected, testing has begun now. In addition, as players, we also need to pay attention to some things, such as the stablecoin itself. Do you think it is anonymous or centralized and traceable? In addition, so many criminals use U to do various things. Will many people target the stablecoin issued by Hong Kong in the future?
BTC experienced significant volatility yesterday, primarily due to the expiration of $14.5 billion in options. After fluctuating around $30,000, BTC plummeted from $97,500 to a low of $93,500. Analyst Ali believes that if BTC falls below $92,730, it will be an extremely dangerous signal. During the rapid surge following Trump's election victory, the quick passage through $73,000 to $88,000 did not create sufficient support levels. If BTC breaks below $88,000, the market could experience further panic selling. Just as we saw the rapid rise, the decline could be equally smooth, and we may see BTC in the $70,000 range. Historically, each complete bull market cycle has gone through several pullbacks, which have helped lighten the load of this runaway train. Currently, the pullback range in this BTC upward cycle is concentrated between 20% to 32%, with an average of 24.4%. Compared to the pullback ranges in past bull market cycles, this is already much milder. Due to the instability of the South Korean political situation and the rapid depreciation of the Korean won, there is a positive premium on Korean kimchi. Political turmoil has caused the exchange rate of the won against the dollar to drop to a 15-year low. South Korean investors are worried about the continued depreciation of the won and are choosing to buy BTC and USDT to preserve their assets. Musk recently mentioned that the US debt has surpassed $36 trillion, and if not resolved, the US economy could fall into serious trouble. It seems urgent to include BTC in the US strategic reserve assets to alleviate the debt. Japan is also discussing incorporating BTC into its national reserve assets, with a cautious official stance, waiting to see the results from the US next year. If Trump fulfills his campaign promise to incorporate BTC into strategic reserve assets next year, it is believed that major world economies will follow suit, and the influence of BTC will no longer be comparable to its current status. In the short term, there is a significant probability of a BTC pullback, but this is merely a healthy correction within the bull market cycle, which does not affect the arrival of a major bull market in 25 years.
#周末震荡行情 There's not much going on this weekend, everyone can relax and go out to play. Can't even manage a wave, everyone can find a few alternatives to play with. As for Bitcoin and Ethereum, let's not talk about them.
It's time to harvest rice This wave is really fast. I won't say more. Take profit. Don't worry about the situation. This market is going back and forth. The situation is to eat shit. Only what falls into your pocket is real.
Today's strategy is out It's really a back and forth wash. Wash it. Wash it and sleep. Give you a strategy for reference. Just for reference. Don't take long-term orders if it's not a long-term order. If you open an order and make money, you should know how to run.
Last night the US stock market came out, and fortunately, Bitcoin didn't drop too much and stabilized. Christmas 🎄 has passed, and the Americans will also start working and making moves. Last night it stabilized, so recently, Bitcoin is unlikely to experience a significant drop. Of course, it won't surge either; it will continue to fluctuate. For those trading in segments, take the opportunity to trade; when the big rises and falls come, they probably won't dare to open positions casually, with daily fluctuations of several hundred points back and forth.
I don't want to say much more; if you’re willing to read my articles, feel free to follow me.
For someone who has experienced a bull market, this round of the bull market is really disappointing. There's nothing much to say, it just seems to be specifically designed to cut us down. Once this bull market is over, I estimate there won't be another bull market again. I don't want to open any positions; every time I do, I end up losing. If the bulls are strong, they explode the bulls; if the bears are strong, they explode the bears. It's no longer possible to judge the market with normal thinking. Fuck it.
Review of Major Events Shaking the Global Market Economy in 2024
1. Spot Bitcoin ETF Approved for Listing: On January 10, 2024, after a decade of confrontation, the U.S. Securities and Exchange Commission (SEC) approved the first exchange-traded fund (ETF) that directly invests in Bitcoin, marking a milestone event for the digital asset industry and broadening investment channels for Bitcoin on Wall Street and beyond. 2. Sora Emerges: On February 16, 2024, OpenAI released a demo video of its AI-generated video model Sora, which generated a 1-minute long multi-shot video, breaking the existing coherence limitations of around 10 seconds in previous text-to-video models, and demonstrating capabilities such as finer image quality and consistency during multi-angle, multi-shot transitions.
Thursday Market Analysis Last night, Bitcoin really surged, almost hitting 100,000. The current trend is basically confirmed, which is upward. Friends who should have jumped on the train during the recent big drop should have done so by now. Long-term bearish friends need to be cautious ⚠️ Bitcoin should be able to rise above 101,000, but it's impossible to skyrocket. After rising, there will be a pullback and adjustment; this is a hard rule. Today, the overall direction looks bullish; short-term operations can be done casually. Today, let's open a long position in Ethereum. I forgot to tell you all to adjust the stop-loss point for yesterday's short position, which resulted in a loss. It's inconvenient in the plaza like this; the community can notify adjustments at any time. Ethereum: Long around 3470 Defense: 3420 Target: Around 3540 What we are doing is ultra-short-term; it's about taking profits quickly, not long-term positions. Don't treat it as a long-term trade. Personal opinion, for reference only. Feel free to follow me for daily market analysis.
Wednesday Market Analysis Daytime fluctuations, evening surges, really know how to play with our emotions. Once we are scared off, it starts to rise. Hehe
From the K-line perspective, today is still a downward fluctuation trend during the day. Can make a short-term short position. Ethereum: Short around 3480 Stop loss: 3520 Target: 3435 Personal opinion for reference only.
In addition to these two, Trump's other promises on cryptocurrencies have all been fulfilled.
It must be said that Trump is still very reliable and keeps his word~ During the campaign, Trump made these promises on cryptocurrencies
1. Fire the current SEC chairman on the first day of his presidency
2. Establish a national strategic reserve of Bitcoin
3. Establish a presidential committee on Bitcoin and cryptocurrencies to involve supervision
4. Ensure Bitcoin mining in the United States
5. Make the United States the world's crypto capital
6. Cancel capital gains tax on Bitcoin transactions
7. Ensure that the United States will not issue CBDC
Now, SEC Chairman Gary Gensler has officially announced that he will resign on the first day of Trump's presidency.
And yesterday, the head of the President's Crypto Advisory Committee was also designated. Although he is an athlete, he is a young man born after 1995, and he should be more familiar with cryptocurrencies than the old stubborn people in the traditional financial industry.
 Now that the US policy is friendly, the whole world is watching the United States, and cryptocurrencies are all settled in US dollar stablecoins, as long as the United States does not mess around, it will naturally be the crypto capital.
The US CBDC plan has also been stopped, and the stablecoin sector has been completely handed over to the market~
At present, Trump still has two big moves:
One is to establish a strategic reserve of Bitcoin;
The second is to cancel the capital gains tax on Bitcoin transactions.
The first Bitcoin strategy is actually already in progress, but it will not be so fast at this time. In addition to the support of the president, it also needs the approval of the Senate and the House of Representatives.
So the opposition of Federal Reserve Chairman Powell to reserve Bitcoin some time ago actually gave everyone enough opportunities to get on board.
Because the strategic reserve of Bitcoin is the most concerned Trump campaign promise in the crypto circle, I believe he will not disappoint everyone on this point~
Another promise that has not yet been fulfilled is to cancel the capital gains tax on Bitcoin transactions.
If this can be achieved, it will also be a nuclear bomb-level benefit, because for large American investors, the capital gains tax on short-term speculation is as high as 37%!
In the last term, Trump reduced the US corporate income tax from 35% to 21%, and the whole process brought the US stock market to a long bull market for several consecutive years~
I believe that the capital gains tax on Bitcoin can also play the same role! #特普朗对加密货币的承诺
#美联储明年1月维持利率不变的概率为百分之九十一点四 The probability of a cumulative interest rate cut of 50 basis points next January is very low, most likely the interest rate will remain unchanged.
Despite facing some significant setbacks, non-fungible tokens (NFTs) remain an indispensable part of the Web3 space in 2024. Industry commentators and professionals maintain that the utility of NFTs is still intact, fostering optimism for a recovery. While the media occasionally declares that NFTs are dead, holders continue to trade, with data tracker CryptoSlam showing that NFT sales this year reached approximately $8.5 billion. Sales volume may be lower than in previous years, but the number of buyers increased from 4.6 million in 2023 to 7.5 million in 2024, a growth of 62%. This is also 37% higher than the 5.4 million unique buyers recorded in 2022, a year widely regarded as the peak of NFTs. Therefore, while transaction volume may have declined, demand for this asset class continues to grow.
Tuesday Market Analysis Last night, Ethereum pulled up over a hundred points. I was preparing to place a long position in the evening, hesitated for a moment, and didn't place it. Now I'm regretting it and slapping my thigh. Let's take a look at today's market and how to plan.
Ethereum has already tested the 3200 bottom. It is highly likely that it won't create new lows in the next couple of days. I estimate it will fluctuate within the 3200—3600 range. There won't be any significant one-sided market movements, so don't just blindly go long or short; instead, play the swings.
The long position in Ethereum shared yesterday also exited perfectly at a profit. As long as the direction is correct, everyone should not be afraid once they open a position; just endure a bit. Everyone can follow me for more experience sharing.
Collecting money The Ethereum long positions shared in the afternoon can be closed for profit 2290—2330 made forty points, which is already good for swing trading operations.
I just want to say that the idea is still beautiful.
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MicroStrategy founder Michael Saylor proposed a crypto asset framework for the United States, which includes establishing a Bitcoin reserve that he claims could create up to $81 trillion in wealth for the country's treasury.
Saylor stated in an X post on December 21: 'Strategic digital asset policy can strengthen the dollar, offset national debt, and make the U.S. the global leader in the digital economy of the 21st century.'
Saylor's crypto framework proposes establishing a strategic Bitcoin reserve, 'capable of creating $16 to $81 trillion in wealth for the U.S. Treasury, providing a way to offset national debt.'
The latest strategy is out Ether has touched 3200 this week. Everyone is confused as to why it has fallen so much all of a sudden It has fallen from 4100 to 3200 in just one week, nearly 900 points In fact, this is a preliminary adjustment for the big bull market next year Think about it, it has risen so much now. If it continues to rise, what will happen when the big bull market comes next year? But it can't go sideways all the time If it goes sideways for a long time, everyone will lose patience, so the dog dealer needs to stir up trouble. Although it is falling sharply, there is a one-sided market, and everyone can continue to play Ether: Long around 3290 Defense: 3220 Target: 3350-3400 I entered the community at 3280. The square rose ten points while I was typing. The entry point is not as good as the community Personal opinion, for reference only