OCC speaks out! Will cryptocurrency institutions finally achieve equality with bank licenses?
Today I saw the statement from the OCC director, and I couldn't help but clap my hands: this is the long-awaited moment of 'recognition' that the crypto community has been waiting for several years! Gould said that cryptocurrency companies applying for federal bank licenses should be treated equally to traditional institutions. This sounds simple, but in reality, it opens a door for the cryptocurrency industry into the traditional financial system.
We in the crypto circle all understand that in the past, it was incredibly difficult for crypto institutions to touch bank licenses, it was like the 'difficult road to Shu'—the regulators always used 'risk' as a shield, implementing double standards. Now, the OCC has directly stated that digital asset custody is not a new thing; electronic business has been around for decades, and the banking system has completely evolved from telegraphs to blockchain. This statement hits the nail on the head.
What's even more crucial is that this year the OCC has received 14 bank applications related to digital assets, which is almost equal to the total of the past four years. What does this data mean? It shows that cryptocurrency institutions are no longer satisfied with 'marginal play' but want to formally squeeze into the core of finance. Just like Circle applying for a national trust bank license and Erebor Bank aiming at services for crypto enterprises, both capital and institutions are rushing to get ahead.
Are some worried that regulation can't keep up? Gould also mentioned that the existing framework can cover it. In fact, in recent years, U.S. regulation has been loosening; the Federal Reserve has withdrawn its crypto guidelines, and banks like SoFi have started providing crypto trading services. This statement from the OCC is equivalent to giving banks and crypto institutions a sense of reassurance, and it is highly likely that more traditional financial players will enter the market in the future.
For our crypto circle, this is not only a regulatory benefit but also a signal of the industry's mainstreaming. Platform coins like BNB might also benefit from the entry of traditional finance, ushering in more application scenarios. However, it still needs to be reminded that the realization of benefits takes time; the short-term market may be volatile, but in the long term, the era of 'regular troops' in the crypto industry is truly about to arrive! $POWR
The FTX exchange bankruptcy case was the most shocking "explosion" event in the cryptocurrency world in 2022, regarded as the "Lehman Moment" in the crypto space. It collapsed from its peak in just a few days, affecting numerous global investors and institutions.
FTX was founded in 2019 by the "crypto prodigy" Sam Bankman-Fried (abbreviated as SBF). To seize market share, the platform launched aggressive businesses such as high-leverage trading and diverse derivatives, and spent heavily to sponsor sports events and place Super Bowl ads, quickly rising to be among the top three cryptocurrency exchanges globally, with a valuation reaching $32 billion at the beginning of 2022. SBF also controlled the trading company Alameda Research, and these two related companies became the core vehicles for his subsequent operations.
On November 2, 2022, the cryptocurrency media CoinDesk exposed that Alameda's core assets were mostly FTT tokens issued by FTX, causing market panic with this "left hand to right hand" model. On November 6, Binance founder Changpeng Zhao announced the liquidation of his holdings in FTT, directly triggering a run by investors, with a single-day sell-off amounting to $5 billion. The next day, FTX's withdrawal system collapsed, and it was only at this point that SBF admitted to FTX's long-term misappropriation of user funds to support Alameda. Subsequently, Binance had planned to acquire FTX's non-U.S. business, but after reviewing the books and finding too many issues, they abandoned the acquisition, completely shattering market confidence.
On November 11, 2022, FTX, along with more than 130 affiliated companies, filed for bankruptcy protection, with a user fund shortfall of about $9 billion. The person in charge of handling the bankruptcy affairs found that FTX's internal finances were extremely chaotic, with customer funds mixed with company funds, allowing Alameda to freely misappropriate user deposits, and some funds were even used to purchase luxury homes, private jets, and political donations, with many transactions lacking audit trails.
SBF was quickly arrested in the Bahamas and extradited to the United States, where in 2023 he was found guilty of seven charges and sentenced to 25 years in prison in 2024, with a confiscation of $11.2 billion; his appeal in 2025 is likely to fail due to overwhelming evidence. The bankruptcy team subsequently recovered $14.5 to $16.5 billion in funds, and in the restructuring plan launched in 2024, small creditors could recover their principal plus a maximum interest of 9% (with an actual return rate of 118%), and by 2025, multiple rounds of fund disbursement had been completed. This incident caused the cryptocurrency market's market value to evaporate by over $200 billion and forced other exchanges in the industry to publicly disclose their asset reserves to prove their innocence.
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“Bobo's Digging Squad” has set off! We are digging in the Binance Square group chat, looking for on-chain Alpha and the latest trends. Bring your shovel (and curiosity), and let's dig for treasures together! 🎉点击进入
The "Bobo's Digging Squad" is now live! We're digging deep in the Binance Square group chat, hunting for on-chain Alpha and the latest trends. Grab your shovel (and curiosity), and let's dig for gems together! 🎉join
Not promoting or showing off, but quietly accumulating nearly 200,000 BTC reserves, becoming the second largest government holder in the world.
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🤔 How I Manage to Get 0 (Nil) Liquidation Price while doing Futures? [Beginners' Guide 🎁]
✨ If you're reading this Post or if this post reaches you well, you don't need to go for other tutorials regarding how to avoid Liquidation.
I will break everything One By One....
🔍 First of All we should know what is Liquidation?
👉 In futures trading, liquidation (often called getting liquidated) means your position is automatically closed by the exchange because your margin (collateral) is no longer enough to keep the trade open.
🎯 Say for Example (I will take $100 for All the below examples)
You Opened a Position with Whole of your Capital or even 50% of your capital, So your position size will be very bigger than your capital (Collateral/total Futures Wallet)
If the Coin Goes Against you with even a Minimum Variation you will see your profit and losses to be very bigger,
In case of Loss of oringinal capital (Used as collateral) the exchange will automatically square off your position and your wallet will get empty.
Now comes the Main thing ✨
🤔 How to Avoid Liquidation (How to Open Positions with 0 (Nil) Liquidation Price)
👉 If you follow Me you might know about my 0.3% strategy.
👀 Very Simple you just have to open positions worth 0.3% of your initial capital (total future wallet).
Like as i said if you have $100 your initial capital used should be $0.3 and your order size will be $15 with 50X Leverage.
You will see 0 (Nil) liquidations in Long Positions and in Short the liquidation will be very far as to reach 👍
Hope you understood, you need to be good in maths so as to find 0.3% of your total capital.
This is enough for you too start your futures journey risk free.
Don't chase for big profit, you will get decent profit with this strategy, Monthly ROI will be More than 30% with Less risk ✅
⚠️ But as always Trading in Any asset involves risk please DYOR before taking any financial decision.
✨ This is Trading, This is life, Losses are lessons, Profits are Motivation ❤️