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Galaxy Digital shares jump 18% on $200 million buyback plan
Shares of Galaxy Digital (GLXY) surged 18% to $19.90 after the company approved a share repurchase program of up to $200 million to be carried out over the next 12 months. Under the plan, Galaxy may buy back its Class A common stock in the open market, through privately negotiated transactions, or via other methods, including trading plans under Rule 10b5-1. The company also noted that it can suspend or terminate the program at any time depending on market conditions.
The announcement signaled management’s confidence that Galaxy’s shares are undervalued and that the firm has excess capital available. Share buybacks typically support stock prices by reducing the number of shares outstanding and are often viewed as a sign of balance-sheet strength, especially during periods of market volatility.
The rally came despite weak quarterly results earlier in the week. Galaxy reported a net loss of $482 million in the fourth quarter, which initially weighed on the stock. However, the firm highlighted $426 million in adjusted gross profit for the full year and ended the year with $2.6 billion in cash and stablecoins, underscoring its strong liquidity position.
Founder and CEO Mike Novogratz said the company is entering 2026 from a position of strength, with a solid balance sheet and continued investment in growth, giving Galaxy the flexibility to return capital to shareholders when its stock does not reflect the underlying value of the business.
📈 Bitcoin reclaims $70K in relief rally as crypto, stocks and metals bounce
Bitcoin reclaimed the $70,000 level today after surging more than 11% by midday Friday, recovering from its steepest single-day drop since the FTX collapse. The leading crypto asset had plunged below $60,000 on Thursday before rebounding sharply.
Ethereum climbed back above $2,000 after falling to $1,750, while Solana recovered to $86 from a low of $65. XRP rallied 22% to $1.50 after dipping below $1.14, with the broader crypto market retracing most of its losses from the previous session.
Crypto-exposed equities also snapped back. Strategy shares surged over 21% to $130 after nearing a breakdown below $100 in Thursday’s after-hours trading, following the firm’s $12.4 billion quarterly loss announcement.
Coinbase gained 10%, Galaxy rose 17%, and mining stocks Marathon and Cipher jumped 20% and 13%, respectively.
Traditional markets staged a recovery from levels not seen since mid-December. The S&P 500 and Nasdaq were both up around 1.5% by midday.
In commodities, gold climbed nearly 4% toward the $5,000 mark, while silver surged 8% to $76. Both remain well below last week’s record highs.
Despite the broad bounce, some analysts warned this could be a short-lived relief rally, citing persistent macroeconomic headwinds and advising caution ahead of next week’s open.
#BTC | #Bitcoin | $BTC | #Crypto
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Polymarket files POLY trademark, signaling progress toward token launch
Polymarket has filed U.S. trademark applications for “POLY” and “$POLY,” signaling concrete steps toward launching its long-anticipated native token, even as the prediction market platform faces renewed regulatory pressure.
The applications, submitted Thursday by Polymarket’s parent company Blockratize Inc., seek protection for trademarks tied to cryptocurrency services, financial trading platforms, and blockchain-based payment systems. The filings describe services related to providing a digital currency or token for online communities, as well as crypto trading, exchange services, and portfolio management.
Polymarket executives have previously confirmed plans for a POLY token and a potential airdrop focused on “true utility” and long-term value. CEO Shayne Coplan teased the token last year by referencing a POLY ticker alongside major cryptocurrencies, while sources familiar with the matter have said the company does not intend to launch the token until it reestablishes a stronger foothold in the U.S. market.
That effort moved forward in November, when Polymarket received approval from the CFTC to operate domestically, nearly four years after paying a $1.4 million fine and exiting the U.S. market. Still, traders remain skeptical, with prediction markets currently assigning only a 30% chance that Polymarket will announce its token before May.
The trademark filings come at a critical moment as Polymarket navigates fresh legal challenges at the state level. Most recently, a Nevada court issued a temporary restraining order blocking the platform from offering event-based contracts in the state, citing likely violations of Nevada gaming law. The trademark applications are now pending review by the U.S. Patent and Trademark Office.
Lừa đảo trong crypto – vì sao ngày càng nhiều?
Scam, rug pull, dự án ma… là những từ xuất hiện liên tục trong thế giới crypto. Chỉ cần một website đẹp, vài lời hứa hẹn lợi nhuận cao, là có thể dụ được rất nhiều người bỏ tiền vào. Khi tiền đủ nhiều, đội ngũ biến mất, để lại nhà đầu tư với con số 0.
Nguyên nhân lớn nhất là crypto còn thiếu kiểm soát chặt chẽ. Ai cũng có thể tạo token, tạo dự án mà không cần chịu trách nhiệm pháp lý rõ ràng. Thêm vào đó, lòng tham và tâm lý muốn giàu nhanh khiến nhiều người bỏ qua các dấu hiệu cảnh báo.
Crypto không xấu, nhưng môi trường của nó tạo điều kiện cho kẻ xấu hoạt động dễ dàng. Người tham gia buộc phải tự bảo vệ mình, vì không có ngân hàng hay tổ chức nào đứng ra hoàn tiền.
👉 Lỗi nằm ở crypto hay nằm ở con người tham gia thị trường?
Cách chống lừa đảo :
- Không gửi privatekey và mật khẩu cho bất kì ai
- Kiểm tra kĩ và đầy đủ các nguồn trước khi đầu tư
- Không nên mua bán trên các sàn không uy tín
- Không gửi tiền cho ai dù họ có nổi tiếng
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{future}(BNBUSDT)
{future}(ETHUSDT)
Metaplanet doubles down on Bitcoin buys despite price slump
Metaplanet CEO Simon Gerovich reaffirmed the company’s commitment to accumulating Bitcoin, even as both the cryptocurrency and the firm’s shares have fallen sharply.
The Tokyo-based company now holds 35,102 BTC, worth about $2.5 billion at current prices. However, with an average acquisition cost of roughly $107,000 per Bitcoin, Metaplanet is sitting on significant unrealized losses and around $280 million in outstanding debt.
In a Friday post on X, Gerovich said Metaplanet would “steadily continue to accumulate Bitcoin, expand revenue, and prepare for the next phase of growth,” thanking shareholders who have remained supportive despite the downturn. Bitcoin has lost more than 47% since hitting a record high in October and dropped 14% in a single day on Thursday.
Metaplanet’s stock has tracked Bitcoin’s decline, ending the week at 340 yen ($2.16), down about 82% from its June high of 1,930 yen. Shares fell another 5.6% on Friday following Bitcoin’s slump during the previous Asian trading session.
Under its “555 Million Plan,” Metaplanet aims to increase its holdings to 100,000 BTC by the end of 2026 and 210,000 BTC by 2027. Its Bitcoin reserves have surged from 1,762 BTC at the end of 2024 to more than 35,000 BTC today.
Globally, Metaplanet ranks as the fourth-largest publicly traded holder of Bitcoin, behind Strategy Inc., MARA Holdings, and Twenty One Capital. In late January, the company announced plans to raise up to 21 billion yen by issuing new shares and stock warrants to fund additional Bitcoin purchases and reduce debt.