Cryptocurrency Major Events Briefing

1️⃣ SEC Chairman: The U.S. financial market is shifting to "on-chain" operations

Interpretation: U.S. regulators are promoting the digitalization of financial infrastructure, and in the future, on-chain transactions and asset registration will become mainstream. This means that compliant on-chain financial products will receive more support, benefiting innovation in crypto assets.

2️⃣ Do Kwon sentenced to 15 years in prison for the $40 billion collapse of Terra-Luna

Interpretation: The tightening of regulations is evident, reminding the market to highly focus on the safety of projects and the compliance of teams. Investors need to enhance risk control awareness to avoid chasing high-risk projects.

3️⃣ Binance launches the first traditional asset perpetual contract variety XAU (spot gold)

Interpretation: Digital exchanges are further expanding asset categories, and cross-border derivatives are becoming a trend. Investors can participate in gold perpetual contracts on cryptocurrency platforms, increasing asset diversification strategies.

4️⃣ "1011 Insider Giant Whale" increases holdings in BTC and SOL long positions

Position changes:

BTC long position: +958 coins

SOL long position: +100,000 coins

Total position floating profit: >$10 million