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In-depth | He Yi, from a rural girl to the richest woman in the cryptocurrency circle, the woman behind Binance’s 700 billion business empire
This article reviews in detail the development and entrepreneurial journey of Binance co-founder He Yi. The content is rich and the article is long. I hope you can read it patiently and experience Yi Jie's extraordinary life with Bu Ai.
* The video version can be watched on the YT channel "Wang Buai's Encryption Classroom". Welcome to follow and like~
Not long ago, a letter of appeal written to the US federal court attracted much attention. I believe everyone knows it later: In November 2023, Binance, the world's largest cryptocurrency exchange, received a "huge fine" of US$4.3 billion from the U.S. Department of Justice. Its founder CZ Zhao Changpeng was sentenced to 4 months in prison and subsequently resigned as CEO.
What are the core reasons for the recent decline in Bitcoin?
1⃣️ Macro risk aversion sentiment dominates: Although the Federal Reserve lowered interest rates last week, expectations for further cuts in 2026 have dropped to 40%-50%, raising concerns about tighter money; coupled with the decline in US AI stocks (for example, Broadcom's poor earnings report lowered the Nasdaq), Bitcoin, as a highly volatile asset, is among the first to be impacted. It currently has a strong correlation with the Nasdaq, and it is common for it to fluctuate alongside tech stocks.
2⃣️ Rising expectations for Bank of Japan interest rate hikes: The central bank is meeting this Sunday, and the market generally agrees with the expectation of a 25 basis point increase (bringing it to 0.75%, the highest in 30 years). Previously, any signal of tightening would lead to a significant inflow of funds back to Japan, causing Bitcoin to drop over 20% each time. This expectation has increased selling pressure in a market that already had limited funds after the weekend.
3⃣️ High leverage liquidation chain reaction: Recently, the market's leverage ratio has nearly caught up with the peak of the 2021 bull market, with many people going long. Yesterday's drop forced over 700 million dollars in long positions to be liquidated, creating a vicious cycle of further declines; miners and long-time players are also selling, increasing the selling pressure.
4⃣️ Other factors: Bitcoin ETFs have been consistently pulling money out, and institutions like MicroStrategy are under pressure to liquidate their holdings. Coupled with the tight funding at the end of the year, these factors are adding fuel to the fire.
#美联储降息 25BP Subsequently, the encrypted US stock market fluctuates, and it's a lonely drop 😔 Because it's expected to cut interest rates only once in 2026??!! 🥵 But I think this is just talk!! It's just old Powell being stubborn! #美联储FOMC会议 $BTC $ETH The video has detailed explanations~
My dad recommended that I buy some $ZEC Although it was my dad who brought me into the circle...
Dad's strength is still impressive, at the beginning of 2021 he crazily urged me to buy $DOGE I bought at the bottom for 15,000 and 30,000 $BTC But I'm afraid of heights and lows, so I didn't go in...🤡
🥵 This time it's the same, seeing ZEC I really don't dare to invest Husbands... do you think we should buy it?
Binance wallet can now buy US stocks #Binance The trading is very smooth, and there are no barriers to operation!!
1⃣️Binance wallet → Market, swipe left on the top slider of the page, find 'Stock Tokens' next to 'Alpha' 2⃣️Currently integrated with Ondo, mainstream US stocks can be bought #ondo 3⃣️The trading experience is the same as buying coins, familiar K-line interface 4⃣️Currently only supports $USDT trading pairs (currently 0 fees), opening hours are the same as US stocks Tokenization of US stocks is a trend! Everyone must not miss this wave of AI! $BNB
Hello~ $BTC 九万了~ We talked about it in the movie on Tuesday~ Thanksgiving should have gone up! Technically, macro, the internal situation in the U.S. needs the U.S. stock market to be strong right now! Wishing all the friends watching the movie~ to make a fortune