LayerZero should airdrop soon. Stg is their cross-chain bridge. It is officially developed by Lo. It is likely that users who have pledged Stg will be airdropped. I pledged Stg last year and made nearly 3 times. But after unlocking, there is still 80% profit. Stg is the biological son of L0.
Now the weekly line has come out of a downward trend. It is now fluctuating between 0.49-0.62. Once the news or expectation of airdrop comes out, STG will rise, which is also good for rdnt, because rdnt is Lo's full-chain lending.
Therefore, Stg can be ambushed in batches in this range where the dealer builds positions and absorbs chips. Now at a price of 0.53, you can ambush some first, and then if it falls back, you can make up for it at 0.4889. Take a medium-term position.
If the cake falls later, the needle will be inserted to near 0.4, and the risk-to-reward ratio will be good.
Announce a target that I am optimistic about in the long term The market value of the bull market is conservatively 5 billion US dollars + At least 10-20 times more income
Pepe is a product of the bear market. Referring to the market value of#Dogeand#Shibat the peak of the last bull market,#Pepeis a deterministic opportunity. When Pepe's market value is around 300 million US dollars, it will start to gradually build positions. The current market value is 477 million US dollars, waiting for opportunities~
Bloomberg reports: The SEC is likely to reject BlackRock’s Bitcoin spot ETF application on January 10. According to insiders, the reason was probably that during the evening dinner on January 2, Chairman BlackRock and Sister Mu did not stand up to toast SEC Chairman Gary Gensler. And during the second singing performance, Gary Gensler was not asked to order a girl first, resulting in the old man not ordering a song all night.
Coins, like people, have their time zone for success The fundamentals are okay, and it will rise when the time comes. So I don’t think there are junk coins and value coins Only short-term speculation and long-term investment exist If the currency you hold does not rise Don't be anxious, everything that should come is on its way. Don’t change positions frequently What you hold will always shine
Summarize 10 logics for making a fortune in the web3 industry
1. Every project that has been popular will have an explosive increase after sufficient adjustment. When the market is not paying attention, you have to pay attention. 2. Projects with very low opening circulation and are popular will have a high probability of rising after a short period of adjustment. It is rising, and it is skyrocketing. 3. Bankruptcy sectors generally have a high reputation, sufficient washing, and light vehicles. After a long period of adjustment, there will be several times the rate of return. 4. Choose the track first, and then choose projects from the track; look first The big cycle confirms the trend, and then looks at the small cycle to find the entry position. 5. Take the currency you bought at the bottom, even if you take it by mistake. 6. Use the lending products in the currency circle to enlarge the amount of your funds. When you grasp the big situation, you must dare to Heavy position game (not suitable for novices. Suitable for old leeks) 7. You must participate in new things, even with small funds, and even if you lose money (I played with a learning mentality a few months ago Turtle, plus the cost of GAS is less than 200 dollars, I realized 2,000 dollars this month, 10 times the profit) 8. Don’t be biased and arrogant about the popular narratives in the market (many knowledge bloggers are still very biased against Inscription and Audi) Big, but shut up now, the market is always the best teacher) 9. Don’t participate in the coins that most communities call for orders. If there is a contract after the rise, you can try to go short, because the decline is cliff-like, and the benefits outweigh the risks. 10. Memes listed on Binance are more valuable than most coins within a certain period of time.
Bitcoin rebound cannot hide liquidity scars, Alameda gap troubles traders
On November 2, 2022, CoinDesk, a well-known media in the encryption field, disclosed a private financial document, pointing out that Alameda Research, a sister company of the cryptocurrency exchange FTX and the largest market maker in the industry, may currently have debt problems. This incident led to the rapid collapse of FTX and Alameda Research. Bitcoin, the largest cryptocurrency by market capitalization, bottomed out in the same month. Bitcoin has since risen 70% to $34,300. However, the scars of the collapse of FTX and Alameda are still evident, manifested in weak liquidity and market depth, which refers to the market's ability to absorb large orders at stable prices. Dessislava Aubert, a research analyst at Paris-based Kaiko, said the combined market depth of Bitcoin, Ethereum and the top 30 cryptocurrencies by market capitalization is only 2% and currently stands at $800 million, 55% lower than a year ago. In other words, a year ago, it would have taken at least $1.8 billion in orders to move prices up or down 2%. Currently, $800 million in orders is enough to influence prices. Kaiko calls the sharp deterioration in liquidity the "Alameda Gap," meaning traders looking to execute large orders face higher slippage costs. Slippage is the difference between the expected cost of a trade and the actual cost of execution. Weak liquidity also means that a small number of large orders can have a huge impact on prices and trigger price fluctuations.
Basic essentials: - Google account - Google Chrome - Scientific Internet access - Overseas mobile phone number 1: Register an Open Ai account on the computer Web 1. Log in to the Open Ai official website lazy link: https://openai.com/blog/chatgpt ( Copy to Google Chrome and open) 2. Click on the upper right corner to register 3. For account registration, it is recommended to log in directly with Google email, which is simple and direct (provided that you have already registered Google email) 4. Set up personal information and enter it casually 5. Mobile phone number verification requires overseas mobile phone numbers to be verified (mainland China and Singapore are currently not supported) (1) If you do not have an overseas mobile phone number, you can purchase technology number services on Taobao and accept a one-time verification code. The price is about 16~ 25 yuan per time. Please contact customer service before purchasing to confirm that the scope of use is GPT. Take the photo and wait for customer service to issue the mobile phone number. Then fill in the number and click Send code. After customer service receives the verification code, fill it in to pass the verification. . After successful registration, the page is as follows. You can create a chat box and start using it.
A piece of fake news last night: The US SEC approved BlackRock’s iShares Bitcoin Spot ETF. Reminds me of a piece of fake news released on July 26, 2021. Some media such as Sina Finance and London Business News published at 9:20 on July 26, 2021 that Amazon will plan to accept Bitcoin payments this year. #BTCwas up 15% at the time
Then at 9:55 on July 26, 2021, Reuters announced that Amazon denied media reports that it would accept Bitcoin payments before the end of the year, and #BTC’s gains shrank to 4.4%
Since this fake news was released,#BTChas risen from more than 36,000$ to 69,000$.
So what I want to express is that history does not repeat itself, it may rhyme, and on the surface it looks a bit like a repeat of the same old tricks in person!
Recently, the encryption market has shown a diversified development trend. According to 24/7 real-time data from Yingwei Finance, although mainstream currencies such as Bitcoin and Ethereum still dominate the market, emerging currencies such as XRP and Solana are gradually gaining favor among traders. The latest report from CoinShares further confirms this, showing traders showing higher confidence in both coins.
The development of the NFT field is even more eye-catching. The on-chain NFT secondary market launched by art auction giant Sotheby's provides a new trading platform for artists and collectors, and the high profits Trump has made through NFT sales also prove the huge potential of the NFT market.
However, the market is not always smooth sailing. Data from CoinGecko shows that on October 14, the transaction volume of the entire network’s encryption market fell sharply, with a drop of an astonishing 45.35%. This may be related to the Fed’s latest decision. Although the Fed decided to keep interest rates unchanged, its hawkish stance on the market caused the dollar to rise, which put pressure on the crypto market.
We have done in-depth research and thinking on investment, with one purpose, which is to achieve financial freedom.
I have always had a point of view. Those who work hard from 9 to 5 every day are the real dawdles, because they never dare to face the most important problem in real life, which is how to achieve financial freedom.
When I was a child, I read "There is no idle land in the world, and farmers still starve to death." Seize big opportunities.
Opportunism is by no means a derogatory term. Behind the success of opportunism is extraordinary cognition, patience, perseverance, determination, and scientific and complete methodology.
Just like successfully making money on a coin in the crypto market, it actually reflects all aspects of a person. Daring to buy when no one cares reflects the ability to think independently; daring to intervene with heavy positions reflects the courage and courage to do things; persistence in times of repeated shocks reflects perseverance and patience in doing things; wait until the currency you hold continues to rise. Being able to hold it reflects the pattern and ambition; when a currency is extremely overvalued, the rapid retreat reflects a person's ability to control desires.
Comprehensive interpretation of Gains Network: Approaching the dark forest of decentralized leverage trading
"Gains Network was founded on Ethereum and was not popular at first. Later it was moved to the Polygon chain and gradually accumulated business. It was not until the integration of the Arbitrum chain that the market exploded. As of now, the cumulative transaction volume of the platform exceeds 870,000 , the transaction volume exceeded US$34 billion. Its founder was very good and only hired one UI developer in the early days, while all other work, from business design to code implementation, was completed by him alone." gTrade was launched by Gains Network The first product is a decentralized leverage trading platform currently deployed on Arbitrum and Polygon. 1. Core features of gTrade (1) Synthetic liquidity pool Synthetic liquidity pool is crucial for the efficient operation of the liquidity pool. Currently, gTrade uses a synthetic liquidity pool based on DAI (gDAI pool) to play the role of counterparty for leveraged traders. The design of this liquidity pool has several features: First, its synthesis mechanism can make the use of funds more efficient. Secondly, its synthesis mechanism can make transactions more flexible. Because through the synthetic liquidity pool, gTrade can provide more leveraged trading pairs, which means traders can choose trading pairs more flexibly and trade according to market conditions. Finally, gTrade's synthetic liquidity pool can control risks through different synthetic mechanisms, such as reducing risks by adjusting leverage multiples or limiting the size of synthetic liquidity pools. This allows both traders and liquidity providers to participate in transactions with greater peace of mind. dydx uses an orderbook mechanism, which requires the orderbook to be stored off-chain and market makers to provide liquidity. Therefore, the degree of decentralization is not high and the capital efficiency is low. In contrast, gTrade’s gDAI pool avoids these issues and eliminates the need to set up liquidity pools for each trading pair. Compared with GMX, although they both use liquidity pools to provide liquidity, gTrade exhibits extremely high funding efficiency. Taking the data of the past 7 days as an example, gTrade’s 50m gDAI pool TVL achieved a trading volume of 913m, with a Volume/TVL of 18. GMX achieved a transaction volume of 2.2b with a GLP pool TVL of 466m, with a Volume/TVL of 4.7. It is obvious that during this period, gTrade’s capital efficiency was more than 3 times that of GMX.However, higher capital efficiency also brings some risks, so gTrade has taken several protective measures. (2) Rich trading pairs Supporting multiple trading pairs and high leverage is another important feature of gTrade. It is currently the only on-chain margin trading platform that supports 91+ trading pairs, covering cryptocurrency, foreign exchange and stocks. The leverage of foreign exchange on the gTrade platform can be as high as 1,000 times, and the leverage of crypto assets can be as high as 150 times, which are currently not possible with GMX. (3) The self-made oracle machine DON used by gTrade is the bottom layer built by the founder using Chainlink. DON has 8 nodes, obtains prices through the APIs of 7 different exchanges, and feeds gTrade prices in real time. This effectively prevents price manipulation and ensures price accuracy. Centralized exchanges will have the phenomenon of inserting pins, but this kind of situation will not happen on gTrade. Because the data they obtain and subsequent execution are completed on the chain, 7 APIs and 8 nodes also minimize the possibility of evildoing. (4) Transaction fees and protection mechanism 1. Fixed Spread In addition to the basic Opening and Closing fees, gTrade will also charge an additional Fixed Spread. For large-capitalization cryptocurrencies such as BTC and ETH, Forex and US stocks, which are relatively difficult to manipulate assets, gTrade sets a fixed fee. 2.Price ImpactPrice Impact has a good protective effect on gTrade's security, which GMX does not have. Because of this, GMX cannot allow users to trade small currencies. If the Open Interest of a transaction on the on-site platform is high, but the liquidity on other off-site exchanges is not high, the Price Impact may be greater. When the Luna incident occurred, the gTrade team adhered to the principle of decentralization and insisted on not intervening in Luna's transactions and delisting. In the end, the market emptied out the liquidity of the platform, and the project almost fell into despair. After the Luna incident, many protection mechanisms were added to the platform. In fact, in the case of Price Impact fees, the impact of the Luna incident on gTrade is relatively limited, because traders must pay high Impact fees. 3. Rollover Fee Rollover Fee will cause users to always pay a fee during the position holding process, and this fee is related to the volatility of the market, that is, the greater the market volatility, the higher the fee will be.Because the greater the volatility, the greater its impact on gTrade will be, and the ultimate goal is to allow users to close positions quickly. Recently, the team increased the Rollover Fee. The reason is that the team calculated that if there are some large positions being hedged without raising the Rollover Fee, they can hedge at a very low cost on gTrade and hold the position for a long time, which will result in their Open Interest becoming very small. There will be very few people who can actually carry out leveraged trading. So they raised that fee so that these people couldn't keep holding long positions or hedging on gTrade very cheaply, which is another protective feature of the Rollover Fee. 4. The biggest difference between Funding Fee and GMX is Funding Fee. The trading method on GMX is that users must pay lending fees to GLP’s liquidity provider when conducting leverage transactions. On gTrade, it uses Funding Fee to balance short and long traders, so the party with more positions will pay less fees. Leveraged trading on gTrade is more balanced and fair because of the way Funding Fee balances long and short traders. In addition, gTrade has other protection measures, such as a maximum profit of 900%, a transaction can only earn up to 900%, and automatically closes the position when 900% profit is obtained; if the user's collateral or principal loss reaches 90% , it will also automatically help users close their positions. These protection measures can ensure that users do not take excessive risks when conducting high-risk leverage transactions. Ordinary users can generally use the following functions when participating in gTrade: gTrade is a leverage trading platform that provides a good trading environment for users who are good at trading. At the same time, it also provides many other DeFi gameplays. Since it is a groundbreaking platform, you can earn by providing liquidity to its liquidity pool. The gDAI pool has many features, and most leveraged trading platforms that provide liquidity with single-currency collateral often face the risk of losing money when traders make a lot of money. However, gTrade has adopted a variety of mechanisms to reduce the risk of loss in the gDAI pool, making it almost close to 0. In addition, Gains Network has its own token GNS, which is a versatile token that will empower the platform with governance functions in the future.Currently, those who hold GNS tokens can deposit them into the Gains Network and share platform profits. In addition to this, various types of transactions on gTrade are performed through decentralized NFT bots. Therefore, if you want to perform corresponding operations, you must hold the corresponding NFT. gTrade is targeted at those who want to trade. If you have the corresponding resources, you can also try to apply for the Referral Program. 2. gToken Liquidity Pool Regarding the gToken liquidity pool, gDAI is only its first collateral. In the future, it will also add gETH, gBTC, gFrax, gLUSD and other collaterals. The risk of USDC did create some panic, which also inspired the team to prioritize this need higher. We are currently working hard to launch the next more decentralized liquidity pool. If gETH is launched next, traders can use ETH as collateral, and those who provide liquidity can obtain ETH as income. It is worth noting that the biggest difference from other similar protocols is gTrade’s settlement method. If you use an ether to open an order, if your trading pair increases by 10%, your profit will be 10%, calculated in ether. In contrast, GMX's leverage trading settlement method is based on the USD price, but the profit paid to the trader depends on whether the trader is long or short. If the trader is long: GMX will trade based on their long position. The asset pays the profit; if the trader goes short: GMX pays the profit in the form of stablecoins. The way gToken’s liquidity operates is this: if you are a depositor and want to deposit DAI, the receipt you get is gDAI. When you put this DAI in, you get a receipt (this is actually an ERC20 token). coins, you can use them on other DeFi protocols). If you go to withdraw money, you take the gDAI back, it burns the gDAI, and you can take out your DAI. Currently gTrade only has one trading pair, gDAI, but it is worth noting that even though it only has $50 million in gDAI now, it has already processed 18 times the trading volume. If the team adds more collateral, the trading volume can expand even more, so gTrade has greater expansion potential than GMX. What is special about gToken? As mentioned earlier, its gDAI pool is the trader's counterparty, which means that if the trader makes a profit, he will take DAI from the gDAI pool. If the trader loses money, the trader's DAI will enter liquidity. pool.When users deposit DAI, they can get the receipt gDAI from the pool, which represents the depositor's share in the pool. There are two factors that can affect the price of gDAI. The first factor is the transaction fee accumulated by the transaction. The transaction fee It’s the opening and closing fees mentioned earlier, which will only rise forever. The second factor is the profit and loss of the user's counterparty, but it will only affect the price of gDAI when there is insufficient collateral, because it also has a buffer protection layer. The calculation method of gDAI price is quite simple. Assume that the pool has 100 DAI in the initial scenario, and then its total gDAI issuance is 100. Now the value of one gDAI is one DAI. If the platform now earns $150 in revenue, there are now 250 DAI in the gDAI pool, but the circulation of gDAI is still only 100. At this time, the value of one gDAI is 2.5 DAI. So what is buffer? To explain buffer, we must understand the mortgage rate of its gDAI pool. Its mortgage rate will be affected by the trader's profit and loss. Each of its Epochs will settle the trader's profit and loss, as long as the fees earned are greater than the trader's profit and loss. Profit and loss expenses, then this Epoch will have positive return income. If we go to their webpage, in the Vault and CR sections, if you pull down the data, you will see a lot of numbers, but there are two numbers. One is TVL and the other is Collationation mortgage rate. The gap between these two data is relatively high. Its price difference is its buffer, its protective layer. To calculate its CR, divide the total collateral value by TVL. This percentage is its buffer. You can see in Dune Analytics that below its gDAI pool is the 100% part, and the extra 4% part is the buffer. Its balance is actually higher than TVL. What does it do? The main function is to absorb the impact of traders' profits and losses. When its mortgage rate is greater than 100%, traders' profits and losses have no impact on gDAI at all. Only when the mortgage rate is less than 100%, traders' profits and losses will begin to have a short-term impact on gDAI. It must be emphasized here that Short-term. Because at this time the protocol will start to mint GNS and sell it into DAI in the OTC way to make up for the loss of the gDAI pool.gDAI's liquidity pool basically has three protection layers. The first protection layer is the buffer. With the buffer, traders' profits and losses have no impact on gDAI holders. The second layer of protection is his TVL. When the buffer disappears, traders' profits and losses begin to affect the price of gDAI, but at this time GNS has already begun to mint to make up for the losses of this pool. The third layer is that while GNS is minting, the platform is still running normally. On the one hand, the protocol has income, and on the other hand, traders may lose money to replenish the liquidity pool. Finally bring the pool back to 100% in these three ways. The gDAI pool is an iteration of the previous DAI pool. The biggest feature of the gDAI pool compared to the DAI pool is that you can do a lot of things with gDAI. It becomes an ERC20 token with automatic compound interest. You can play various Lego combinations in Defi. All shares in the gDAI pool share profits and losses. Because it is a homogeneous token, it is impossible to have a situation like the previous FTX incident where you can withdraw money if you withdraw it earlier, but you may not be able to withdraw money if you withdraw it later, and you have to bear all the losses of the people behind you. As mentioned earlier, there are two factors that can affect the price of gDAI. The first factor is the platform’s fees, which will never change. It's only going to go down a little bit in the short term with undercollateralization, but that's short term. When its pool is replenished and the mortgage rate returns to above 100%, the income you earned before still belongs to you. Then, there is a very interesting point here, which is the incentive mechanism described in the third item in the figure. When the collateralization ratio is insufficient, it will provide you with a very good opportunity to buy gDAI. Why is this happening? Because what you buy at this time is actually helping the gDAI pool, you can get corresponding benefits. In addition, in the incentive mechanism, it will have a discount. Under normal circumstances, the mortgage rate remains above 100% and decreases linearly between 100 and 150%. The higher the mortgage rate, the lower the discount rate. If it reaches 150%, there will be no corresponding discount rate. gDAI is extremely composable. It is an ERC20 token. By staking, that is, by using time limits to promise not to exit the pool within a period of time, users can also get a corresponding discount.But in this case, user positions will be expressed in the form of ERC721 tokens. It is a very high-quality collateral choice because its value is steadily increasing unless a very extreme black swan event occurs. In addition, it has a withdrawal time lock. When the mortgage rate is less than 110% and the user chooses to withdraw, the user needs to wait for three Epochs. One Epoch is 72 hours, which is 9 days. The Epoch system is actually very safe. An Epoch lasts for three days. The first 48 hours are the only time you can apply for withdrawal or withdraw money. The trader's profit and loss settlement will be executed on the last day. Therefore, throughout Epoch, when users withdraw money or request a withdrawal, they actually have no idea whether the Epoch protocol is making money or losing money. This way, rush-to-the-run or cash grabs won’t happen. 3. Application scenarios of GNS GNS is an application token, and the relationship between GNS and the gDAI pool is very close. When DAI is less than 100% collateralized, GNS are minted and then sold to fill the gap in the gDAI pool. When over-collateralized, 5% of traders’ profits and losses will be used to repurchase these GNS. Additionally, there is a situation where GNS is cast. This situation involves NFT bots and referral programs, why would they want to participate? Because there is a profit, and this profit is the minted GNS. But these GNS are not minted out of thin air. Their minting comes entirely from actual returns - that is, the actual returns of the gTrade platform, which is DAI. However, what the motivators receive is not DAI, but GNS. This means that these DAI will go into the buffer, thereby increasing the buffer’s assets and increasing the protection of the gDAI pool. In short, the actual number of GNS is completely dynamic. Its minting volume depends on demand. It will be minted when it needs to be minted, and it will be destroyed when it needs to be destroyed. As long as its amount of destruction is greater than its amount of minting, GNS will be deflationary. Its minting amount has a daily limit of 0.05%. Therefore, the maximum annual inflation rate is only 18.25%. Barring extreme circumstances, it is unlikely that this cap will be reached. After all, the mortgage rate cannot be less than 100% every day. Because the gTrade platform is still making money, traders are still losing money, and these earnings are calculated every day.Currently, the inflation of GNS is negative, which means that its burning is greater than casting. 4. NFT bots The NFT bots just mentioned are used to perform all automatic functions on gTtrade, including settlement, liquidation, new orders, take profit, stop loss and other functions. Another feature is that for large traders, it can reduce the spread fee for transactions, which is actually quite considerable, so its NFTs are now very expensive. If these holders pledge GNS, their GNS staking income can be increased. A wallet can pledge up to three NFTs. If you hold three NFTs: Bronze, Silver and Gold, you can add them up. 2%+3%+5% is 10%. That is to say, if you Staking GNS can increase the income by 10%. If you're a trader, you'll get up to 25% off. 5. Agreement dividend GNS currently has two sources of income, one from Market Order and the other from Limit Order. Roughly 70% of the income comes from its Market Order. Through calculation, it is found that GNS pledgers can get 36% of the platform’s income, gDAI liquidity providers can get 18% of the platform’s income, and the rest It is issued to project development expenses, NFT bots and alliance rewards. For comparison, GMX pledgers can get 30% of the platform’s revenue, and liquidity providers can get 70% of the platform’s revenue. For GMX, liquidity providers bear greater risks, and LPs must bear the impact of traders' profits and losses. But the staker of GNS is the one who bears the greatest risk on Gains Network. Of course, his income is also higher. He earns twice as much income as the liquidity provider. Summary Gains Network provides users with a new liquidity pool solution by introducing gToken tokens, and handles a large amount of transaction volume, showing the efficiency and sustainability of its liquidity solution. Gains Network's success lies in its keen awareness of user needs and rapid response to market changes. The platform continuously launches new solutions to meet the different needs of users and continuously improves its existing services to provide users with a more complete DeFi experience. DeFi derivatives are a track with greater business opportunities than the spot market. Gains Network has continued to iterate in the bear market environment and has grown into a leading player in the decentralized leverage trading track. It is deeply praised both in terms of trading volume and trading experience. Market recognition.It is believed that with the continuous addition of gToken pool, gTrade will capture a larger market share in the increasingly competitive derivatives track.
Sixth straight week of outflows, XRP and SOL gain investor confidence
A cryptocurrency market traffic report from CoinShares shows traders are more confident in XRP and Solana. In the week ending September 24, virtual currency investment products experienced capital outflows for the sixth consecutive week. According to data from CoinShares, digital asset outflows from crypto investment products reached $9 million last week. BTC experienced outflows for the third consecutive week, reaching $6 million last week. Bitcoin short positions saw $2.8 million in outflows. Ethereum (ETH) has experienced a sixth consecutive week of outflows, with $2.2 million flowing out last week. On the other hand, alternative coins such as XRP and Solana saw inflows of $660,000 and $310,000 respectively. The report states that investors are increasingly interested in the alternative currency space as XRP and SOL continue to see inflows. The report also showed a divergence in sentiment among traders in Europe and the United States based on activity in different regions. Cryptocurrency investment products in Europe saw $16 million in inflows, while U.S. products saw $14 million in outflows. This regional disparity is due to uncertainty around cryptocurrency regulations and recent actions against cryptocurrency companies by the U.S. Securities and Exchange Commission (SEC). The report shows that average weekly trading volume fell below $820 million, well below the 2023 average of $1.16 billion. CoinShares’ recent Digital Asset Liquidity Market Report reflects the current market sentiment, with the market facing bearish pressure. Bitcoin price is currently stuck below the key resistance level of $27,000, having been largely idle since the U.S. Federal Reserve’s recent decision not to raise interest rates this quarter. Meanwhile, delays in payouts from Mt. Gox’s creditors also played a crucial role in last week’s price action, but BTC has mostly remained unaffected by these two key market events.
In the development wave of the global cryptocurrency market, Israel's role has become increasingly prominent. The Middle Eastern country’s relationship with digital currencies is fraught with opportunities and challenges. 1. The secret war between Hamas and Bitcoin The conflict between Hamas and Israel is not limited to traditional battlefields. Hamas has begun using cryptocurrencies such as Bitcoin to circumvent international sanctions and raise funds. This strategy allows Hamas to move funds around the world without the constraints of traditional financial systems. Israel is working hard to crack down on these illegal transactions and try to cut off Hamas's source of funding. 2. Ambivalent attitude of Israeli banks Despite the widespread attention and acceptance of cryptocurrencies globally, mainstream banks in Israel still have a conservative attitude towards them. They refuse to accept cryptocurrency deposits, which makes cryptocurrency investors face huge difficulties when it comes to paying taxes. This situation not only affects the interests of investors, but also causes the Israeli government to lose a large amount of tax revenue. 3. The government’s open attitude In sharp contrast to the banks’ conservative attitude, the Israeli government has a positive attitude towards the development of cryptocurrency and blockchain technology. They have begun to formulate relevant laws and policies to support the development of this emerging industry. For example, Parliament has passed a bill on first reading that aims to provide tax incentives for cryptocurrencies and blockchain technology. 4. Legal Framework for Cryptocurrencies Israel is working to incorporate cryptocurrencies into its existing legal framework. This is not only to regulate the market, but also to protect the rights and interests of investors. Regulators believe that embracing the cryptocurrency industry will bring huge economic opportunities to Israel. 5. Geopolitical Impact Geopolitical events in Israel have had a profound impact on its financial markets. As regional tensions escalate, investors may turn to safer haven assets such as gold and cryptocurrencies. This could further drive up cryptocurrency prices and trading volumes. Conclusion aThe relationship between Israel and cryptocurrencies is complex, but also full of opportunities. As cooperation between the government, banks and the private sector deepens, Israel is poised to achieve greater breakthroughs in the cryptocurrency field.
Top 10 crypto investment institutions: 1. Blockchain Capital: The first venture capital fund dedicated to Bitcoin and the blockchain ecosystem. This fund has invested in financial technology companies such as Coinbase and Ripple. 2. Fire Capital: Focus on building an open-access, tokenized, and decentralized machine learning network to make smart infrastructure the foundation of the economy. 3. Alchemy Ventures: Another well-known cryptocurrency venture capital firm that partners with several leading global companies. 4.a16z: is the world's leading provider of technology products for cryptoeconomic and financial infrastructure. 5. Coinbase Ventures: Coinbase is the world’s leading provider of technology products for cryptoeconomic and financial infrastructure. 6. Binance Labs: Binance is one of the world’s largest cryptocurrency trading platforms, and its investment arm, Binance Labs, is dedicated to supporting and investing in blockchain and cryptocurrency projects. 7. Alameda Research: A well-known cryptocurrency trading and investment company active in multiple cryptocurrency markets. 8. Multicoin Capital: A venture capital fund focused on cryptocurrency and blockchain technology. 9. Belkin Marketing: Founded in 2007, it has provided support for multiple blockchain and digital marketing brands. 10.DCG: Blockchain startup incubator, the parent company of Coindesk and Grayscale, is an investment company focusing on the encryption and blockchain industries.