#厂长 End of Month Sprint to Achieve 30,000 Followers, Send to Your Brothers 🧧🧧🧧 Still need 5,000 followers, work hard to rush #厂长布林带之神 #厂长 $ETH {future}(ETHUSDT)
Understanding the Relationship Between Trading Volume, Price, and Open Interest (Good Stuff to Collect and Forward)
Understanding the relationship between volume (trading volume), price (price), and open interest (position) is fundamental to futures trading. These three combined can help you see whether the market is 'real money in battle' or 'bluffing'. This logic mainly applies to the futures and contract market (because spot only has volume and price, without the concept of open interest). To make it easier to understand, I use a battlefield metaphor of 'two armies confronting each other' to explain. Part One: Core Concepts (Battlefield Metaphor) 1. Price: The direction of the front line (whether the bulls or bears have won).
Understanding the Relationship Between Trading Volume, Price, and Open Interest (Good Stuff to Collect and Forward)
Understanding the relationship between volume (trading volume), price (price), and open interest (position) is fundamental to futures trading. These three combined can help you see whether the market is 'real money in battle' or 'bluffing'. This logic mainly applies to the futures and contract market (because spot only has volume and price, without the concept of open interest). To make it easier to understand, I use a battlefield metaphor of 'two armies confronting each other' to explain. Part One: Core Concepts (Battlefield Metaphor) 1. Price: The direction of the front line (whether the bulls or bears have won).
Hong Kong Legislative Council member Wu Jiezhuang made it clear that the development of stablecoins in Hong Kong will be steadily advanced, relying on the unanimously passed "Stablecoin Regulation Draft" to lay a solid compliance foundation for industry development.
1. Legislation Implementation, Compliance First
The "Stablecoin Regulation Draft" underwent 5 months of review and 6 committee discussions, passing with unanimous approval. The bill exceeds 200 pages and improves the regulatory framework for virtual assets; it requires issuers to maintain a 1:1 fiat currency reserve and implement real-name systems for users, solidifying the development foundation.
Hong Kong is advancing regulatory sandbox exploration for compliance pathways, and Ant Group has opened four core Web3 technologies, which have been applied in the green energy sector, issuing $1.2 billion in green RWA products; Wu Jiezhuang is optimistic about RWA development and encourages the industry to innovate using Web3 technologies.
3. Regulatory Upgrade, Balancing Safety and Openness
The Hong Kong Securities and Futures Commission adheres to the "99.5% principle" to ensure the stability of the traditional financial system. The regulatory model is shifting from a "safe closed loop" to a "safe connection," allowing trading platforms to share a "global order book" to facilitate connections to global markets.
4. Institutional Entry, Multi-point Business Breakthrough
JD Coin Chain Technology is preparing to issue a Hong Kong dollar stablecoin, focusing on supply chain finance; Ant Group is laying out through the Jovay public chain to assist RWA issuance; local licensed institution OSL is upgrading its institutional digital asset services, accelerating industry compliance layout.
5. Focusing on Talent, Resolving Structural Contradictions
The number of Web3 enterprises in Hong Kong is increasing, with a surge in developer demand. Hong Kong is promoting a systematic talent strategy; currently, there is an oversupply of speculative talent and a shortage of technical research talent, with core talent relying on overseas imports, necessitating the construction of a complete talent ecosystem.
The development of stablecoins in Hong Kong aims at the international market, planning to issue Renminbi stablecoins based on the advantages of the offshore Renminbi center, aiding the internationalization of the Renminbi; utilizing the characteristics of stablecoins to solve traditional trade finance pain points, aligning with the global digital asset development layout.
$SHIB We are not scattered investors, but family fighting side by side. From the perseverance of watching the market late at night, to the contributions for ecological construction, every step of $SHIB 's growth is inseparable from the cohesion of the global community. Here, faith can withstand the long years, and consensus can break market fluctuations. Shibarium continues to expand, ShibaSwap V3 optimizes and upgrades, and the destruction mechanism continues to increase—join us, with the power of the collective, let 'financial freedom' no longer be a slogan, but an achievable reality. btc limited🧧🧧🚀🚀🎁🎁 {spot}(SHIBUSDT)
RICH coin is a typical air coin + a case of false high-yield harvesting.
RICH coin has no real technical support, no landing scenarios, and is purely an air coin that rides on the 'wealth gimmick'. The issuing team is anonymous and hidden, relying on false advertising to lure retail investors in, ultimately running away with the funds, and the coin price is nearly zero.
The issuer uses 'quick wealth accumulation' and 'low risk high return' as core selling points, disseminating information through cryptocurrency communities, short video platforms, and third-party promotional accounts, falsely claiming that RICH coin is related to 'overseas high-quality asset allocation' and 'blockchain wealth appreciation plans', promising short-term returns exceeding 300%, and even fabricating false trading data and profit screenshots to create a booming illusion.
In the initial phase, artificially controlling the market allows RICH coin to rise slightly, combined with 'limited-time low-price subscriptions' and 'invite friends for coin rewards' activities, attracting retail investors to follow suit and even guiding some investors to use leverage for positions, further locking in funds.
Once a large number of retail investors enter the market and the coin price is driven to a high level, the issuing team concentrates on dumping the massive amount of RICH coins they hold, instantly triggering a price collapse, with a single-day drop exceeding 99%.
After the coin price crashes, the issuer quickly cancels the official community, deletes promotional content, and shuts down the token trading and withdrawal channels, with the core team completely disappearing, leaving retail investors unable to recover their principal, with no avenues for rights protection.
The content is hollow, lacking technical architecture, team information, and landing plans, only piling up blockchain jargon to confuse investors;
Team members have no real identity disclosure, servers are set up overseas, making subsequent rights protection difficult, with promised returns far exceeding reasonable ranges in the industry. Essentially, it uses funds from new investors to give 'rebates' to old users, which belongs to a disguised fund-raising model.
Data support: 83% of liquidation comes from counter-trend increase and stop-loss failure; Long-termism: a stable monthly return of 5% can reach an annualized 80%, but most people go bankrupt in pursuit of doubling their money in a single day; Survivor characteristics: those who strictly adhere to discipline have a 3-year survival rate 5 times that of casual traders. The most brutal truth in the cryptocurrency world: short-term wealth is an illusion, long-term survival depends on rules.
Republic chooses Avalanche blockchain for its Republic Note token
Republic aims to leverage Avalanche’s features for global scalability.Republic Note has already attracted over $30 million in pre-sale participation.The move could potentially help stop the current #AVAX price drop.Investment platform Republic has selected Avalanche as the blockchain for its Republic Note token.The move is part of Republic’s strategic vision to leverage Avalanche’s strengths for global scalability.What is Republic Note :Republic Note allows investors to earn returns from a diverse portfolio of over 750 private assets. The digital asset, not yet deployed to the mainnet, has already garnered significant interest, with over $30 million in pre-sale participation from individual and institutional investors.Republic President Andrew Durgee highlighted Avalanche’s role in providing the foundation needed for Republic Note to reach a global audience of investors. The choice of Avalanche is strategic, considering its innate features, including the ability to set up controllable subnets. These subnets, highly customizable side chains, play a crucial role in optimizing for regulatory compliance associated with being a digital security.Republic’s profit-sharing approach :Republic Note is designed to share profits generated from Republic’s extensive venture portfolio with investors. It plans to distribute up to 25% of the dividend pool to token holders, emphasizing a profit-sharing model.The token’s price during the pre-sale round was $0.36, with a total supply capped at 800 million.A potential boost for AVAX price :Republic’s move to launch Republic Note on Avalanche could have implications for #AVAX price. The strategic partnership between Republic and Ava Labs and Republic Note’s unique profit-sharing model might instil confidence in AVAX investors, potentially mitigating further price declines.AVAX price today plummeted to a low of $20.18 losing more than 10% in value before the Republic Note announcement was made. After the announcement, the price recovered about 3% with the price rising to $20.52 at press time.
Crypto Market Decline Sees Prices of Bitcoin and Ethereum Fall
The cryptocurrency market saw a downturn on Friday, with the total market capitalization dropping to $1.38 trillion. #Bitcoin, the leading digital currency, decreased by 2.66% to $36,493.07, and #Ethereum, the second-largest cryptocurrency, fell by 3.50% to $1,982.92.Bitcoin’s market cap dropped to $713.24 billion, while Ethereum’s market cap was at $238.45 billion following a significant decrease of $76 from its token value. Despite the market slump, some cryptocurrencies experienced profits. Dogecoin rose by 6.67%, and Tether stayed stable at $1. Binance USD saw an increase of 3.27%, trading at $252.9997.Solana, although it suffered a 9.24% drop on Friday, had a weekly gain of 25.09%. Similarly, Polkadot experienced a daily decrease of 2.26% but had a weekly increase of 6.38%. Other altcoins like XRP and Cardano also faced declines.DeFi tokens such as Avalanche and Chainlink, and NFT tokens such as Internet Computer and Theta Network, all underwent price fluctuations. The market volume over the last 24 hours was reported at $71.62 billion, showing a 6.3% increase from the previous day. However, meme currencies like Shiba Inu fell by 1.86% to $0.000008622 per token.BlackRock (NYSE:BLK)’s pending Ethereum ETF application has had a positive influence on market sentiment toward Ethereum, despite the current price correction phase that experts suggest could lead to new highs or further declines.This article was generated with the help of AI and reviewed by an editor. For more information see our T&C$BTC $ETH
Tether to deploy $500 million in Bitcoin mining to become the largest miner
Tether ,the issuer of the largest stablecoin by market cap (USDT), plans to invest half a billion dollars to establish itself as a relevant player in Bitcoin (BTC) mining. This bold move aims to propel Tether to the forefront of the Bitcoin mining industry.As reported by Bloomberg on November 16, Tether intends to invest the funds over the next six months. The stablecoin giant seeks to diversify its revenue streams and reduce market dependence on the USDT token. This strategic expansion presents new opportunities amidst the ongoing scrutiny over stablecoins.Interestingly, BlackRock Inc. (NYSE: BLK) mentioned USDT in its risk disclosure for the spot Bitcoin ETF. This described exposure is one example of the challenges Tether faces with its stablecoin’s reputation and business dependency.The company’s foray into Bitcoin mining follows the industry’s increased attention to the sustainability of mining operations. Tether asserts its commitment to environmentally friendly practices but does not disclose specific details on the technology or specific locations for its mining operations.
$BTC Dogecoin is up by 10% over the last seven days, outperforming the broader market. Shiba Memu’s presale has officially crossed the $4.5 million mark. The cryptocurrency market has had a poor week so far, with Bitcoin and Ether both underperforming. However, DOGE has been one of the best performers over the last few days DOGE outperforms the market : DOGE, the native coin of the Dogecoin ecosystem, is one of the best performers amongst the leading cryptocurrencies by market cap. It is up by more than 7% in the last 24 hours, outperforming the broader market. Several altcoins have been rallying over the past few weeks and meme coins might be warming up next. DOGE outperforming the market could see other meme coins like Shiba Inu and PEPE follow suit.