Reasons for Bitcoin’s surge tonight 1. The three major U.S. stock indexes all rose, lifting the crypto market 2. Bitcoin ETFs have had net inflows for 3 consecutive days, with inflow exceeding $500 million 3. Trump’s remarks about the Strait of Hormuz eased the risk of geopolitical conflict 4. Tonight, the White House will hold a meeting with executives from the crypto industry, regulators, and others; and with the release of the Fed FOMC meeting minutes, regulatory optimism is expected
Don't envy the foreign markets; they're all about that pump-and-dump, while we're just making adjustments during the dips—just taking a bit longer, 😂😂😂
The second restaurant in Vienna, Austria is officially accepting Bitcoin payments. Bitcoin payments have already taken root abroad, and it's only a matter of time before they become a mainstream international payment method.
Honestly, this is probably the first time in my life that I've seen so many traditional institutions banding together to invest in a public blockchain.
Cathie Wood's Ark Fund, the parent company of the NYSE ICE, BlackRock, Standard Chartered, Japan's SBI, and a16z are all in on the Circle blockchain, the parent company of the stablecoin USDC.
Just finished reading CZ's life at Binance, and there are a few details that sent chills down my spine.
Honestly, it's completely different from the 'success story' I was expecting. Here are a few highlights that struck me the most: 1. The secret negotiations with the U.S. Department of Justice detailed the entire negotiation process. CZ said that during the most intense moments, he didn’t know if he would be taken away the next day.
There was back-and-forth for several months, with a few near collapses in talks. He described that feeling as 'sitting on a volcano, not knowing when it will erupt.'
2. Life in prison: 15 minutes on the computer, waiting in line for an hour—this was the most shocking part for me.
In prison, each inmate only gets 15 minutes of computer time a day, but since there are limited computers, you have to wait an hour to get your turn.
CZ wrote this book bit by bit in such an environment.
3. The grudges with SBF—this book publicly shares CZ's complete view on the FTX incident for the first time. From the initial investment to the later fallout,
and then to the FTX collapse, CZ writes with restraint, but you can sense the complex emotions in between.
He said, 'I don’t hate SBF, but I feel sorry for the users who lost money.'
4. Why choose to plead guilty? Many people don’t understand why CZ, who could have fought back, chose to plead guilty, pay fines, and resign.
The book provides the answer: he didn’t want the millions of Binance users to be affected by his personal choice.
If he chose to resist, Binance could face more severe sanctions, even being completely shut down.
Honestly, this book is not just an entrepreneurial story; it’s more like a practical manual on 'how to survive in the eye of the storm.'
As someone in the crypto space, I expected to see a bunch of grand narratives about 'decentralization' and 'Web3.0,'
but big bro uses almost a plain-spoken style to break down his journey from a Canadian programmer to the founder of Binance into concrete decision-making moments.
During the industry crash in 2022, how he calculated the bottom line to 'survive' in a meeting room at 3 AM using an Excel sheet.
If you're looking to find the 'get-rich-quick formula' in this book, you might be disappointed;
But if you want to see how a programmer uses 'engineer thinking' to reconstruct the financial world, this book is worth reading three times.
The most reckless Korean traders have pulled out of the crypto market, and now the Turks, who are in the deepest losses, along with many from Mainland China, are slowly shifting to the US stock market. Zhao Si has been having a tough time lately, getting celebrities to endorse him everywhere, claiming that he isn't responsible for the 10.11 crash—then why not release the data from the night of 10.11? 😅 Even the most naive 'retail investors' know the tricks of your exchange.
The most striking change this round isn't about who's calling the shots harder, but rather which group is quietly changing tables. The level of participation from Koreans in the crypto market was something the whole world could see, and now they're slowly backing off. The US stock market, AI, and semiconductors are getting more crowded, indicating that people aren't losing their appetite for risk; they’re just moving to a casino that looks 'more respectable, has better fundamentals, and is easier to latch onto mainstream narratives.'
The migration in the market is often not driven by emotions, but by scars. When a place suffers too much loss, has too many dirty rules, and takes too long to break even, people will naturally flow towards another area that appears to be more of an opportunity. Many say it's about portfolio adjustment, but to put it bluntly, money will flow wherever a new wealth story can be told.
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