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「區塊客 blockcast.it」於 2017 年 4 月正式成立，旨在廣泛整理全球區塊鏈資訊，增進全球中文閱聽眾及投資人對區塊鏈趨勢的了解。
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Keep an eye on "these 2 major economic indicators"! Analyst: If inflation cools down, Bitcoin is bound to reach new highs
The U.S. Department of Labor announced yesterday (4th) that the number of job openings in the United States hit a three-year low in April, indicating that the labor market has further cooled and investors are increasingly expecting the Federal Reserve (Fed) to cut interest rates. Cryptocurrency analysts pointed out that two major economic indicators will be released next. If the data shows that inflationary pressure is slowing down, it is imperative for Bitcoin to reach new highs.
"Last night, another key and forward-looking employment indicator - job vacancies - slowed significantly," Markus Thielen, director of research at 10x Research, wrote in a June 4 note.
"Last night, another key and forward-looking employment indicator - job vacancies - slowed significantly," Markus Thielen, director of research at 10x Research, wrote in a June 4 note.
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"USD 24 billion in taxes" were levied! FTX reaches settlement with IRS, paying up to $885 million
In response to the "sky-high US$24 billion in taxes" that the United States Internal Revenue Service (IRS) had earlier sought from FTX, the two parties have recently reached a settlement agreement, successfully reducing the amount to US$200 million to provide FTX with subsequent compensation to customers and creditors. And a major obstacle was removed.
The IRS will receive a $200 million first claim in FTX's bankruptcy case, which will be paid within 60 days of FTX's reorganization plan taking effect, according to documents filed in U.S. Bankruptcy Court in Delaware on Monday.
In addition, the IRS will receive $685 million in subordinate claims, but the funds will only be disbursed if all FTX customers and creditors are paid and there are still funds left.
The IRS will receive a $200 million first claim in FTX's bankruptcy case, which will be paid within 60 days of FTX's reorganization plan taking effect, according to documents filed in U.S. Bankruptcy Court in Delaware on Monday.
In addition, the IRS will receive $685 million in subordinate claims, but the funds will only be disbursed if all FTX customers and creditors are paid and there are still funds left.
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Tether invests 600 million in Taiwan's XREX Group to jointly promote financial reform in emerging markets
Tether, the leading stablecoin issuer, announced a strategic investment of US$18.75 million, approximately NT$600 million, in the XREX Group. XREX Group is a blockchain financial institution that originated in Taiwan. It also operates the XREX cryptocurrency exchange. In the past, it has cooperated with prosecutors and police to detect cryptocurrency fraud cases.
XREX Group stated that this powerful alliance will promote the industrial innovation of digital assets, accelerate the application of Tether's US dollar stable currency USDT in cross-border payments in emerging markets, and invest in regulatory technology (RegTech) innovation.
With Tether's capital injection, XREX will deepen its efforts in emerging markets, promote compliant enterprise-level (B2B) cross-border payments, use USDT as the core foundation, provide enterprises with more convenient, efficient and lower-cost services, and promote emerging markets Transformation of financial transactions.
XREX Group stated that this powerful alliance will promote the industrial innovation of digital assets, accelerate the application of Tether's US dollar stable currency USDT in cross-border payments in emerging markets, and invest in regulatory technology (RegTech) innovation.
With Tether's capital injection, XREX will deepen its efforts in emerging markets, promote compliant enterprise-level (B2B) cross-border payments, use USDT as the core foundation, provide enterprises with more convenient, efficient and lower-cost services, and promote emerging markets Transformation of financial transactions.
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The EU's new cryptocurrency regulatory regulation MiCA is about to take effect, and the euro stablecoin EURL "gives up" and stops issuance
As the EU Crypto-Asset Market Act (MiCA) is about to take effect, stablecoin issuer Lugh announced that it will stop issuing the euro stablecoin EURL, apparently admitting defeat.
Lugh, headquartered in Paris, posted an announcement on the company's official website and the Redeem existing EURL."
Before Lugh announced the above news, Binance, the world's leading cryptocurrency exchange, stated that it would restrict stablecoins considered "unregulated" in the EU in the short term. Although Binance did not single out major stablecoins such as USDT and USDC, the market is concerned that MiCA may restrict the use of these two popular stablecoins by people in Europe.
Lugh, headquartered in Paris, posted an announcement on the company's official website and the Redeem existing EURL."
Before Lugh announced the above news, Binance, the world's leading cryptocurrency exchange, stated that it would restrict stablecoins considered "unregulated" in the EU in the short term. Although Binance did not single out major stablecoins such as USDT and USDC, the market is concerned that MiCA may restrict the use of these two popular stablecoins by people in Europe.
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Created the second highest record since listing! U.S. Bitcoin Spot ETF Takes in $880 Million in One Day
The U.S. Bitcoin spot ETF saw net inflows of more than $880 million on Tuesday, setting a second-highest record since its listing in January this year. After the data was made public, Bitcoin once again hit $71,000.
As of the time of writing, the price of Bitcoin is trading at US$71,097, with an increase of 3% in the past 24 hours. Since the early morning of today (5th), Bitcoin has challenged US$71,000 five times and then lost it again. It can be seen that market buying is still relatively cautious. Now whether it can hold on to important levels has become the focus.
According to data from Farside Investors, on June 4, Eastern Time, 11 Bitcoin spot ETFs in the United States attracted a total of US$886 million. Among them, Fidelity’s FBTC alone attracted a net inflow of US$378 million, which is well-deserved. The "gold-absorbing overlord"; as for BlackRock's IBIT, it ranked second with a net inflow of US$270 million; and Grayscale's GBTC, which is famous for capital outflows, rarely attracts gold, with net inflows amounted to US$28 million.
As of the time of writing, the price of Bitcoin is trading at US$71,097, with an increase of 3% in the past 24 hours. Since the early morning of today (5th), Bitcoin has challenged US$71,000 five times and then lost it again. It can be seen that market buying is still relatively cautious. Now whether it can hold on to important levels has become the focus.
According to data from Farside Investors, on June 4, Eastern Time, 11 Bitcoin spot ETFs in the United States attracted a total of US$886 million. Among them, Fidelity’s FBTC alone attracted a net inflow of US$378 million, which is well-deserved. The "gold-absorbing overlord"; as for BlackRock's IBIT, it ranked second with a net inflow of US$270 million; and Grayscale's GBTC, which is famous for capital outflows, rarely attracts gold, with net inflows amounted to US$28 million.
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It once exceeded $700! Binance BNB hits all-time high price
BNB, the platform currency of Binance, the largest cryptocurrency exchange, broke through the $700 mark this morning (5th), setting a record high price.
According to Binance market data, BNB hit a maximum of $716 earlier today. Although it has fallen back to $699 as of press time, it has still increased by 10.5% in the past 24 hours and has increased by 123% so far this year.
In addition to being the platform currency of Binance, BNB is also the native token of the BNB Chain ecosystem. The previous high of the currency price was $690 written in May 2021.
Looking at trading volume, BNB has seen over $3.4 billion traded in the past 24 hours and currently has a market capitalization of $107.7 billion.
According to Binance market data, BNB hit a maximum of $716 earlier today. Although it has fallen back to $699 as of press time, it has still increased by 10.5% in the past 24 hours and has increased by 123% so far this year.
In addition to being the platform currency of Binance, BNB is also the native token of the BNB Chain ecosystem. The previous high of the currency price was $690 written in May 2021.
Looking at trading volume, BNB has seen over $3.4 billion traded in the past 24 hours and currently has a market capitalization of $107.7 billion.
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Ethereum spot ETF expected to attract $4 billion after listing! Analysts are optimistic: currency price performance outperforms Bitcoin
Cryptocurrency market analysis company K33 Research said that the Ethereum spot ETF is about to be listed in the United States and is expected to attract US$4 billion in five months after its listing, stimulating the price of Ethereum to perform strongly and even outperform Bitcoin.
K33 Research mentioned in a report recently published that the current open interest size of Ethereum futures on the CME Group is 23% of that of Bitcoin futures, but the average proportion is 35%.
The report also pointed out that if calculated at this ratio, the Bitcoin spot ETF has attracted US$14 billion in capital inflows so far, which means that the capital inflow of the Ethereum spot ETF in the first five months of listing will be between US$3 billion and US$4.8 billion. between.
K33 Research mentioned in a report recently published that the current open interest size of Ethereum futures on the CME Group is 23% of that of Bitcoin futures, but the average proportion is 35%.
The report also pointed out that if calculated at this ratio, the Bitcoin spot ETF has attracted US$14 billion in capital inflows so far, which means that the capital inflow of the Ethereum spot ETF in the first five months of listing will be between US$3 billion and US$4.8 billion. between.
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MICA Daily｜The number of job openings in the United States hits a new low, and Bitcoin hits $70,000
Last night, the U.S. Department of Labor released its latest job openings survey, which showed that the number of job openings in April was 8 million, and the number of job openings in March was revised down from 8.48 million to 8.35 million. The market regarded this as a weakening of the U.S. employment situation. After receiving the signal, the U.S. Dow Jones Index immediately rebounded and hit a record high. Some institutions issued reports insisting that the Fed would cut interest rates twice this year, and the U.S. dollar index also fell.
However, the cryptocurrency market is different. Seeing the signs of easing, funds poured into cryptocurrency concept stocks. Coinbase stock rose 5%. Bitcoin regained US$70,000, Ethereum was US$3,800, and other cryptocurrencies also had astonishing gains. This wave of signals has once again turned the cryptocurrency market sentiment into a positive direction, and retail investors have become greedy again and actively bought cryptocurrency and related tokens.
However, the cryptocurrency market is different. Seeing the signs of easing, funds poured into cryptocurrency concept stocks. Coinbase stock rose 5%. Bitcoin regained US$70,000, Ethereum was US$3,800, and other cryptocurrencies also had astonishing gains. This wave of signals has once again turned the cryptocurrency market sentiment into a positive direction, and retail investors have become greedy again and actively bought cryptocurrency and related tokens.
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[Madman Talks about Trends] The probability of short-term upside has decreased, and the probability of stepping back to the 60,000 support has begun to increase.
Madman said…
Many people in the background are urging for updates. In fact, there is nothing to talk about recently. It is a relatively calm period. The past few attempts to rise to 7w have all failed. The high points are getting lower each time, indicating that the potential energy of the bulls has decreased, but the shorts have There is no major counterattack at this position, so the market will continue to repeat in this range. The overall probability of rising to 7w in the short term has decreased, and the probability of falling back to the 66000 and 61000 supports has begun to increase. The general trend is still judged to be in a bull market. Next, wait patiently for this big platform to be completed. A real breakthrough still needs a chance.
Many people in the background are urging for updates. In fact, there is nothing to talk about recently. It is a relatively calm period. The past few attempts to rise to 7w have all failed. The high points are getting lower each time, indicating that the potential energy of the bulls has decreased, but the shorts have There is no major counterattack at this position, so the market will continue to repeat in this range. The overall probability of rising to 7w in the short term has decreased, and the probability of falling back to the 66000 and 61000 supports has begun to increase. The general trend is still judged to be in a bull market. Next, wait patiently for this big platform to be completed. A real breakthrough still needs a chance.
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Thailand’s first “Bitcoin Spot ETF” was released and is only open to wealthy clients and institutional investments
According to the Bangkok Post, the Thai authorities approved the listing of the first Bitcoin spot ETF today (4th), but it is only open to high-net-worth individuals and institutional investors.
The Securities and Exchange Commission of Thailand (SEC) has approved local asset management company One Asset Management (ONEAM) to launch a Bitcoin spot ETF, becoming the first company in Thailand approved to issue such a fund.
It is reported that this fund is called "ONE Bitcoin ETF - Fund of Funds - Non-hedged - Not for retail investors" (ONE-BTCETFOF-UI). The issuance period is from May 31 to June 6, and the investment risk level is 8 .
The Securities and Exchange Commission of Thailand (SEC) has approved local asset management company One Asset Management (ONEAM) to launch a Bitcoin spot ETF, becoming the first company in Thailand approved to issue such a fund.
It is reported that this fund is called "ONE Bitcoin ETF - Fund of Funds - Non-hedged - Not for retail investors" (ONE-BTCETFOF-UI). The issuance period is from May 31 to June 6, and the investment risk level is 8 .
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Involved in using cryptocurrency to launder $67 million! The CFO of The Epoch Times was arrested in the United States
Weidong "Bill" Guan, the chief financial officer of the well-known anti-communist media "The Epoch Times", was arrested on June 2 on suspicion of using cryptocurrency to launder at least $67 million.
U.S. federal prosecutors alleged in an indictment on June 3 that Guan Weidong, 61, led the "Make Money Online" team of "The Epoch Times" from 2020 to May 2024, using encryption to Currency was used to purchase proceeds of crime at a discount and then transferred to bank accounts of entities associated with The Epoch Times.
U.S. federal prosecutors alleged in an indictment on June 3 that Guan Weidong, 61, led the "Make Money Online" team of "The Epoch Times" from 2020 to May 2024, using encryption to Currency was used to purchase proceeds of crime at a discount and then transferred to bank accounts of entities associated with The Epoch Times.
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JPEX’s first civil claim: Hong Kong 2 victims sued to recover HK$1.85 million
After the cryptocurrency platform JPEX was named by the Hong Kong authorities as "operating without a license" and "violating regulatory requirements" in September last year, suspicions of fraud such as difficulty in withdrawing funds and transferring user funds broke out. Now the first civil claim has arisen in the case. According to Hong Kong media reports, two victims in Hong Kong formally filed with the court yesterday (3rd) to recover 240,000 USDT or 1.85 million Hong Kong dollars from a total of 7 defendants including JPEX Group and related parties.
Hong Kong's "Ming Pao" pointed out that the first six defendants in the case are: JPEX's Australian registered company "JP-EX CRYPTO ASSET PLATFORM PTY LTD", JPEX's Hong Kong registered company "WEB3.0 TECHNICAL SUPPORT LIMITED", and the holders of 3 wallet addresses. People, and Zhao Jingxian, general manager of the over-the-counter exchange "Coingaroo".
Hong Kong's "Ming Pao" pointed out that the first six defendants in the case are: JPEX's Australian registered company "JP-EX CRYPTO ASSET PLATFORM PTY LTD", JPEX's Hong Kong registered company "WEB3.0 TECHNICAL SUPPORT LIMITED", and the holders of 3 wallet addresses. People, and Zhao Jingxian, general manager of the over-the-counter exchange "Coingaroo".
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The tax evasion case that lasted nearly 2 years has finally come to an end! Michael Saylor settles for $40 million
Business software company MicroStrategy and its founder Michael Saylor have agreed to pay $40 million to resolve a tax fraud lawsuit, the Washington, D.C., attorney general's office announced Monday, making it the largest income tax recovery settlement in Washington's history.
The lawsuit, filed in 2022 by former D.C. Attorney General Karl Racine, alleges that Michael Saylor never paid any income taxes while living in D.C. and owes $25 million in back taxes.
According to Karl Racine at the time, Michael Saylor even lied about being a Florida resident in order to "evade the taxes he owed on the hundreds of millions of dollars he earned while living in Washington." Registered as a voter, MicroStrategy was named as a defendant for assisting Michael Saylor in tax evasion.
The lawsuit, filed in 2022 by former D.C. Attorney General Karl Racine, alleges that Michael Saylor never paid any income taxes while living in D.C. and owes $25 million in back taxes.
According to Karl Racine at the time, Michael Saylor even lied about being a Florida resident in order to "evade the taxes he owed on the hundreds of millions of dollars he earned while living in Washington." Registered as a voter, MicroStrategy was named as a defendant for assisting Michael Saylor in tax evasion.
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Cryptocurrency funds attracted $2 billion in May, reflecting optimism driven by Ethereum spot ETF
According to the latest report from CoinShares, the cryptocurrency investment products of asset management companies such as Ark Invest, Bitwise, BlackRock, Fidelity, Grayscale, ProShares, and 21Shares are on the rise. A total of US$185 million in net capital inflows were received this week, which was the fourth consecutive week of positive capital inflows.
A total of $2 billion flowed into cryptocurrency investment products in May, bringing total net inflows so far this year to more than $15 billion. However, CoinShares analyst James Butterfill said trading activity cooled last week, with about $8 billion in volume, down from $13 billion in the previous week.
A total of $2 billion flowed into cryptocurrency investment products in May, bringing total net inflows so far this year to more than $15 billion. However, CoinShares analyst James Butterfill said trading activity cooled last week, with about $8 billion in volume, down from $13 billion in the previous week.
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Changpeng Zhao served 4 months in prison and was regarded as "the richest inmate in the United States"
Changpeng Zhao (CZ), the founder of cryptocurrency exchange Binance, was sentenced to 4 months in prison last month after pleading guilty to violating the Bank Secrecy Act last year. Now he has officially served his sentence in prison and is considered a U.S. The richest incarcerated man in history.
According to comprehensive foreign media reports, Zhao Changpeng has reported to the federal prison in California, USA. He will serve a four-month sentence in Lompoc II Prison, with the inmate number "88087-510."
Lompoc II currently has about 2,160 inmates, according to Bureau of Prisons records. This is a lower-security, more comfortable facility where some inmates work on adjacent ranches and spend most of their time outdoors, similar to the Brooklyn metropolitan area where former FTX CEO Sam Bankman-Fried (SBF) The contrast in the detention center is stark.
According to comprehensive foreign media reports, Zhao Changpeng has reported to the federal prison in California, USA. He will serve a four-month sentence in Lompoc II Prison, with the inmate number "88087-510."
Lompoc II currently has about 2,160 inmates, according to Bureau of Prisons records. This is a lower-security, more comfortable facility where some inmates work on adjacent ranches and spend most of their time outdoors, similar to the Brooklyn metropolitan area where former FTX CEO Sam Bankman-Fried (SBF) The contrast in the detention center is stark.
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Bitcoin failed to challenge the "70,000 mark" twice! Analysis: Adjustment is coming to an end, beware of fluctuations next week
Bitcoin's two attempts to "stand firm at the $70,000 mark" ended in failure yesterday (3) night, and it turned around and fell back to $69,000, trading sideways. According to analysts' opinions, the market adjustment phase seems to be coming to an end. Although bullish sentiment is increasing day by day, we still need to be careful to guard against violent fluctuations next week.
Bitcoin was trading at $69,097 at time of writing, up 0.9% in the past 24 hours, while ether was down 1%, hovering around $3,760, according to CoinGecko quotes.
Bitcoin and the broader cryptocurrency market have been trading sideways for more than two months now since hitting an all-time high of $73,000 in March. “This correction phase now appears to be coming to an end,” Bitfinex analysts said.
Bitcoin was trading at $69,097 at time of writing, up 0.9% in the past 24 hours, while ether was down 1%, hovering around $3,760, according to CoinGecko quotes.
Bitcoin and the broader cryptocurrency market have been trading sideways for more than two months now since hitting an all-time high of $73,000 in March. “This correction phase now appears to be coming to an end,” Bitfinex analysts said.
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MICA Daily｜After Ethereum spot ETF sees the light of day, US$3 billion of Ethereum flows out of the exchange
CryptoQuant analyst Burakkesmeci pointed out in the latest research report that since the market spread that the Ethereum spot ETF is about to obtain SEC listing permission, more than 800,000 ETH has been transferred from cryptocurrency exchanges to external wallets, worth approximately US$3 billion. , usually the outflow of funds from the exchange is considered a positive signal, because users usually do not intend to sell and hold it in private wallets for a long time, and both institutions and users may be involved.
Similar market behavior occurred after the Bitcoin ETF was approved in January this year, which is generally considered to be a bullish signal for investors. However, if further analysis is carried out, small retail investors are actually less likely to transfer Ether coins out of the exchange. They usually Only a relatively large number of individual investors will transfer to external wallets for safekeeping, which can be seen as large investors being optimistic about the future price performance of Ethereum. On the other hand, cryptocurrency investment institutions may also behave similarly, making the supply of Ethereum very high in the future. It could fall further because these people are unwilling to sell.
Similar market behavior occurred after the Bitcoin ETF was approved in January this year, which is generally considered to be a bullish signal for investors. However, if further analysis is carried out, small retail investors are actually less likely to transfer Ether coins out of the exchange. They usually Only a relatively large number of individual investors will transfer to external wallets for safekeeping, which can be seen as large investors being optimistic about the future price performance of Ethereum. On the other hand, cryptocurrency investment institutions may also behave similarly, making the supply of Ethereum very high in the future. It could fall further because these people are unwilling to sell.
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Celebrity MEME coins generally fell by more than 80%, and the cryptocurrency market said NO to foreign "scythes"
Author: Frank, PANews
The MEME coin market welcomes a special group of guests.
Recently, celebrities such as Caitlyn Jenner, IGGY AZALEA, and Davido have entered the cryptocurrency market and issued their own MEME coins. On May 28, Caitlyn Jenner, a former Olympic champion and important member of the Kardashian family, issued a token of the same name, $JENNER, which sparked a rush among cryptocurrency players. Then female rapper Iggy Azalea issued a token called MOTHER, and Nigerian rapper Davido issued a DAVIDO token.
These tokens have attracted market attention in a short period of time. Among them, JENNER has an increase of up to 698 times, and MOTHER has an increase of up to 644 times. In just a few days of issuance, the market value of these tokens basically reached millions of dollars, and then fell by more than 80% on average from the high point. Is the celebrity MEME coin a new wealth code, or another "scythe" with its own halo?
The MEME coin market welcomes a special group of guests.
Recently, celebrities such as Caitlyn Jenner, IGGY AZALEA, and Davido have entered the cryptocurrency market and issued their own MEME coins. On May 28, Caitlyn Jenner, a former Olympic champion and important member of the Kardashian family, issued a token of the same name, $JENNER, which sparked a rush among cryptocurrency players. Then female rapper Iggy Azalea issued a token called MOTHER, and Nigerian rapper Davido issued a DAVIDO token.
These tokens have attracted market attention in a short period of time. Among them, JENNER has an increase of up to 698 times, and MOTHER has an increase of up to 644 times. In just a few days of issuance, the market value of these tokens basically reached millions of dollars, and then fell by more than 80% on average from the high point. Is the celebrity MEME coin a new wealth code, or another "scythe" with its own halo?
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When does the bull market peak? How high can Bitcoin go? Analyst: It will hit $130,000 by September next year
Peter Brandt, a senior chart analyst and cryptocurrency trader who successfully predicted the Bitcoin crash in 2018, said that if Bitcoin maintains the bull market trend after previous halvings, it will reach this bull market cycle by the end of August to early September next year. At its peak, the currency price was estimated at US$130,000 to US$150,000.
Peter Brandt said in a report on June 2 that Bitcoin’s halving in April this year reduced mining rewards by 50%, and the timing of the halving “represents almost perfect symmetry in past bull market cycles.”
He said that according to historical experience, the timing of Bitcoin's halving almost always falls between the "beginning of the bull market" and the "peak of the bull market."
Peter Brandt said in a report on June 2 that Bitcoin’s halving in April this year reduced mining rewards by 50%, and the timing of the halving “represents almost perfect symmetry in past bull market cycles.”
He said that according to historical experience, the timing of Bitcoin's halving almost always falls between the "beginning of the bull market" and the "peak of the bull market."
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The "licensing transition period" of the Hong Kong Virtual Asset Exchange ends, and 11 platforms are "deemed to be licensed"
Hong Kong's Virtual Asset Trading Platform (VATP) licensing system came into effect in June last year. After the one-year transition period expired on June 1, the Securities and Futures Commission updated the list of platforms and regarded a total of 11 platforms as "deemed to be licensed." Applicants for "License", there are 6 other platforms that have not been deemed to have been licensed.
The Securities and Futures Commission issued a statement last week stating that VATP applicants who are "deemed to be licensed" have not been officially licensed and still need to prove the actual implementation and effectiveness of compliance measures to the satisfaction of the Securities and Futures Commission; as for those who fail to comply with Platforms that are deemed "not deemed to be licensed" must cease all business within 3 months.
The Securities and Futures Commission issued a statement last week stating that VATP applicants who are "deemed to be licensed" have not been officially licensed and still need to prove the actual implementation and effectiveness of compliance measures to the satisfaction of the Securities and Futures Commission; as for those who fail to comply with Platforms that are deemed "not deemed to be licensed" must cease all business within 3 months.
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Turn $10 to $500 On Binance: New Crypto Arbitrage Strategy - Earn $20 In Minutes!
A few days ago, a profitable method on CoinMarketCap was shared. There's always a profit to be made with the right strategies. Here’s a step-by-step guide to help maximize earnings using Cyber Coin on Binance.
Search Cyber Coin: Go to CoinMarketCap and look for Cyber Coin.
Market Comparison: Check the different exchanges selling Cyber. Notice the price differences.
Buy Low, Sell High: On Binance, buy Cyber with USDT at a lower price.
Sell on Binance: Sell Cyber on a different pair for a higher price. Example: Buy Cyber/USDT at $6.12 and sell Cyber/TRY at $6.29.
Conversion: Convert the Turkish Lira back to USDT.
Steps in Detail:
Open Binance: Ensure you have capital. Start with as little as $10, but more capital means more profit.
Buy Cyber: Buy Cyber/USDT. For example, $1,000 will give approximately 163.23 Cyber.
Sell Cyber: Sell Cyber for TRY. Note the amounts and set your sell limit higher than the current selling price.
Swap Back to USDT: Convert TRY back to USDT. Ensure the exchange rate is profitable.
Important Tips:
Speed Matters: Be quick to catch the price differences.
Monitor Prices: Profits can fluctuate. Always check current rates before trading.
Simulation: Always simulate trades to ensure profitability.
Stay tuned for more crypto insights! 👍 Generous contributions support the mission, enabling diligent work to provide the best investment advice. Tips are instrumental in enhancing efforts to serve better.
Disclaimer: This strategy involves risks. Ensure to understand the market dynamics before investing. Happy trading!
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