Recently, I've been pushing a new project, so I've reconnected with some old clients I traded with 4 years ago. We shared some insights from the crypto space; whether it’s merchants or clients, we've all been through a lot and grown over the years. I’m just grateful we’re all still safe and sound. Since I started doing OTC, I've stuck to one principle: all trades must be executed on the platform. Real-name transactions, safety of funds is the top priority. It may seem simple, but how many can truly stick to it? I like to think I’m one of the few. Here’s to hoping we stay secure and safe in the crypto industry, so we can go the distance. #OTC #安全出金
Latest news: 🇮🇷🇺🇸 Iranian state media confirms an agreement with the US, stating that the deal includes lifting sanctions, the withdrawal of US troops from the surrounding areas of Iran, and ending the maritime blockade.
A guy from Shandong, Zhang, managed to memorize a friend's mnemonic phrase consisting of 11 complete words and the last letter, cracked the wallet, and made off with 107 BTC, cashing out for a profit of 660,000 yuan, and he got sentenced to 10 years and 9 months.
So here's the question. Isn't it said that cryptocurrencies aren't protected by law in mainland China? Then why was he sentenced?
⚡️Iran: The US bears direct responsibility for violating the ceasefire agreement; it's all part of the US playbook.
On June 8, Iranian Foreign Ministry spokesman Baghaei stated that the latest developments have intensified mistrust in negotiations with the US. The US is directly responsible for the recent ceasefire violations; Israel's actions can't be separated from US policy. The responsibility of the US for breaching the ceasefire agreement is clear; everything happening right now is orchestrated by the US, and it's the US that is causing the tensions to flare up again.
#Elon Musk says to ban Chinese clients from investing in SpaceX# This headline is definitely not something Musk actually said. On one hand, we're not allowed, and on the other hand, we don't deserve it.
Crypto Daily | June 3rd (1) Market Bloodbath Bitcoin hit a low of 65k, with a 24-hour drop exceeding 7%. It's currently bouncing back to around 67k. Liquidations across the board totaled 1.703 billion, with long positions liquidated at 1.533 billion. Bulls have been slaughtered. Luckily, we advised everyone to stay on the sidelines before the crash, avoiding a disaster. (2) Reasons for the Drop Bitcoin ETF saw a net outflow of 519 million in a single day, with over 2.4 billion flowing out in the past week. Institutions are fleeing. MicroStrategy's SEC filings confirm they've sold Bitcoin, rewriting their 'never sell' mantra. CME data shows a 37% probability of interest rate hikes this year, with only a 0.5% chance of cuts. CPI is at 3.8%, PPI at 6%, crushing any hopes of rate cuts. (3) Trading Advice Don't rush to catch the bottom in the short term; whales are still offloading, and ETFs continue to see outflows. Keep an eye on the 65k support level, hold your positions, and wait for inflation data before making moves.
Latest News: Sources from the U.S. and Israel report that President Trump "blew up" during a call with Israeli Prime Minister Netanyahu, absolutely laying into him:
"Are you out of your mind? If it weren't for me, you'd be in jail by now. I'm saving your ass. Now everyone is after you. This is why the whole world hates Israel."
Since May 7, we’ve seen three straight weeks of massive outflows from Bitcoin ETFs, totaling $4.21 billion.
BlackRock transferred another 929 BTC and 36,449 ETH to Coinbase today.
This seems to confirm our suspicions that US stock investors are liquidating risk assets to prepare for the SpaceX IPO.
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(2) Some Exchange Launches 7000+ US Stocks
Today, some exchange launched over 7000 US stock ETFs, zero commissions, 24/7 trading, allowing direct purchase of stocks with USDC and BNB.
The narrative is quite enticing, but the market doesn't seem to be buying it, as BNB saw a small pump before dropping back down.
Moving forward, keep a close eye on the trading volume in this sector to see if users are buying in or not.
(3) Focus on the FOMC Meeting
On June 16-17, this will be the first FOMC meeting after Powell took over as Fed Chair.
It will also include the SEP (Summary of Economic Projections) and dot plot presentation.
There’s a high probability that rates will remain unchanged in June, but there’s also a risk of rate hikes, so let’s patiently await the meeting results before making any moves.
🆘What’s been happening on-chain in the last ~72 hours🆘
● The market cap of #meme has surpassed #dogecoin, climbing to 9th place. ● Polymarket users placed about $10 million in bets on the Champions League final, netting around $1.15 million in profit. ● Base's status update has been delayed by at least 30 hours. ● #sato developers burned 2,140 #sato (worth about $13,000). ● #uPEG developers minted 100,000 #mPEG. ● [💀] Gravity Bridge suffered a vulnerability attack, losing $5.4 million. ● [💀] Alephium experienced a vulnerability attack, losing $815,000. ● [💀] Fluid encountered a vulnerability attack, losing at least $247,000. 🟢 [Bullish] #BinanceLife hit an all-time high. 🔴 [Bearish] #DUAL plummeted 83% in just 5 minutes.