This is so boring and constantly falling that the only way to get through it is to give the fans some benefits ๐๐๐๏ผ๏ผ๏ผ This extremely boring and constantly falling market can only get through with a treat for the fans ๏ผ๏ผ๏ผ$BTC #BTC
- Recent sharp drop with massive volume (585M) on the decline โ strong signs of capitulation, often marks the final selling phase and potential short-term bottom
- Capital flows still negative: -32M USDT (24h) and -191M (7d) โ selling pressure remains, but outflows are slowing and may be nearing exhaustion.
$ASTER Cautious Long #AsterDEX #ASTERUSDT
Still in a downtrend, so risk is high, but current levels show early reversal signals for those willing to take calculated risk.
- Entry: Spot buy around 0.7086 now, add more on dip near 0.7022 (24h low) - Stop Loss: 0.6800 - First Take Profit: 0.7872 (targeting recent 24h high)
USDC Treasury Burns Over 78 Million USDC on Ethereum
According to PANews, Whale Alert has reported that the USDC Treasury recently destroyed 78,904,497 USDC on the Ethereum blockchain. This transaction is valued at approximately $78.9 million.
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Binance 24-hour financial trading volume and news highlights: Stable returns attract capital against the trend On December 2nd, the Binance Earn financial platform's trading volume rebounded against the market, with a 24-hour subscription exceeding $4.5 billion, a year-on-year increase of 18%, benefiting from users turning to stable returns amid market panic. BTC and ETH staking pools lead, attracting $1.2 billion and $850 million, respectively, with APY maintained in the range of 4.5%-7.2%; USDT flexible subscription volume reached $1.5 billion, attracting risk-averse funds. Data sourced from CoinGecko and Binance internal statistics show that the overall Earn TVL approaches $32 billion, accounting for 10% of the platform's total assets, highlighting the 'bear market safe haven' effect. The community is hotly discussing 'liquidation parties turning to financial management,' with a total of 640 million liquidations across the network, of which Binance accounts for 35%, driving users from contracts to Earn. News focus: Binance Wallet launches the 'BNB DeFi Carnival' event, with a prize pool of $1 million. The first phase has opened the Solv BTCB and BounceBit USDT pools, with a subscription threshold as low as 100 USDT, combined with 5-10% native returns + 6 times Solv points, sharing a $600,000 reward, with over 50,000 participating users. At the same time, whales are frequently active: one address collateralized 359 million ETH to borrow 120 million USDT to transfer to Binance, suspected to be supplementing financial positions; another new wallet withdrew 120 million ETH, with market speculation about institutions optimizing DeFi positions. Analysts say this wave of liquidity injection may buffer the selling pressure from the Federal Reserve meeting, and the Earn subscription rate may continue to rise by 15%. Hot post focus: KOL shares 'after liquidation, rush straight to the USDT pool, earning steadily more than leveraged dreams'; activity post interactions exceed 10,000, emphasizing the 'one fish, multiple eats' gameplay. In a bear market, financial management does not mean exiting, but rather accumulating strengthโIs your Earn position full? Check the App quickly, it's the right time to steadily mine gold! $BTC {future}(BTCUSDT) $ETH {future}(ETHUSDT) $BNB {future}(BNBUSDT)
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UK man embezzles ยฃ500,000 from company to gamble on cryptocurrency, ultimately sentenced to prison
Another lamentable case of cryptocurrency crime has emerged in the UK. According to PANews, a 39-year-old man named Jason Lowe from North Yorkshire misappropriated over ยฃ500,000 of company funds over an eight-year period (2016-2024), converting this money into cryptocurrency for online gambling, and was ultimately sentenced to 33 months in prison by the court.
Reports say that Lowe's method of committing the crime was to forge payment records to companies like Meteorbrand, quietly transferring company funds out. His bank account had already been flagged for monitoring due to abnormal transactions, but he lied to the bank, claiming the funds came from a personal business sold in 2021, successfully delaying the review.