He is just a window, who is behind is more important
玲姐AL
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From nearly 100 million dollars to only 8500 dollars, in just 6 months. Taiwan's hip-hop godfather, "Brother Ma Ji" Huang Li Cheng, this leveraged gamble completely collapsed to zero.
Last September, when ETH was still at 4700 dollars, he directly opened a 25 times leverage long position. As a result, ETH plummeted to 1900 dollars.
In half a year, 145 liquidations, 74 million dollars completely went up in smoke. To replenish his position, he even withdrew the funds he had deposited in PleasrDAO five years ago.
Now his Hyperliquid account has only 8500 dollars left.
No matter how thick the family background, no matter how many people see it as "infinite bullets", when faced with stubbornly holding against the trend + crazy leverage, it can still plummet to zero.
Why did this Middle Eastern war start? Perhaps the United States has discovered that oil is running low. They want to forcibly remove Iran, aside from Saudi Arabia. Support a faction they are familiar with.
Global stock markets have plummeted, but BTC remains strong. Are many people rushing in to buy, especially from Middle Eastern countries, preparing to flee?
After the Gulf is blocked, how long will it be blocked? What chain reactions will it trigger? And friends in Europe and America are saying that inflation has become unbearable. Prices are rising and rising.
Although I am a newcomer just getting into BTC, I have done some research. Actually, I think that tokens are the concept of shares. It's just that there is no "official" audit of this company's financial statements.
It purely relies on boasting to create a story, just seeing who can brag the most.
In the end, the users who come together push the bragging even further.
But ultimately, you still have to know who the financial backers behind the bragging are.
Just like women, a good brag must be first used by quality people.
Privacy deficiencies. Decentralization. Public transparency. This is what everyone needs from cryptocurrency. Otherwise, just go back to using US dollars.
Binance News
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CZ: The lack of privacy is the biggest obstacle to the widespread adoption of cryptocurrency payments
Binance founder and former CEO Zhao Changpeng (CZ) stated in a podcast interview video shared on X platform that the lack of privacy may be the biggest obstacle to the widespread adoption of cryptocurrency payments. He gave an example: 'Imagine a company using on-chain cryptocurrency to pay employee salaries. In the current cryptocurrency environment, you can almost see the salary amounts of everyone in the company just by clicking on the issuing address.'