Binance: disappointing outlook 🟨
⠀
Friends, hello everyone. Today I decided to share with you a couple of interesting thoughts about Binance. In brief, the situation of the exchange is not the best.

🔎 After yesterday's situation with Huobi, I decided to consider the "economic state" on other top exchanges. Binance was the first. This year the exchange has been quite stormy and, as a consequence, caused a significant decrease in trading volume.

⏺It all started about a year ago when they were affected by the bankruptcy of Celsius and Terra. Then Binance, to somehow even things out, expanded its zero commission promotions to $13 pairs of $BTC, but this didn't help much, but instead led to additional costs. At the moment, the exchange is mainly focused on trading TUSD with no commissions.

🗂 The US Commodity Futures Trading Commission (CFTC) filed a lawsuit against CZ. The regulators wanted to completely deprive the exchange of the US market and accused it of facilitating illegal activities and trade manipulation. There were even rumors of shutting down BinanceUS, but in a vote, the team did not come to a unanimous decision to liquidate the company... .

#news

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🗣 In my opinion, the bear market has taken a heavy toll on the exchange. Due to the decline in revenue and volumes, the staff of specialists had to be reduced. Holders are also disappointed with the policy of the team, which affected the price of $BNB.

❔ Do you think, maybe now it is a good time to buy BNB?

👍 - Yes
🧐 - No

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What happens after Bitcoin halving 📈

Hi everyone, Treysi is on the line. I decided to share with you one interesting statistic about the behavior of BTC price after the halving.

🟠For beginners, halving is a planned reduction in the number of newly issued bitcoins (BTC), which are created and distributed to miners who perform verification and validation of transactions on the network.

🟠A survey was conducted, which revealed that 60% of investors expect a bull market to start and Bitcoin price to rise after halving in 2024. More than 17,000 people participated in the survey.

Survey data:
• 59.9% - bull market after halving;
• 17.3% - no bull market in 2024-2025;
• 22.9% - I don't know.

❔ Your opinion: will the bull market start after halving?

👍 - Yes
🧐 - No

#analytics

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Who has the most BTC? 🧡

I see that you like posts with various interesting statistics, so I prepared another interesting topic for you....

🟠According to analysts, after a 77.4% drop in the price of Bitcoin over the past two years, the big whales not only continue to hold it, but also gradually accumulate it.

➡️Here are some figures of the biggest BTC holders:
⚫️MicroStrategy holds the most BTC at 152,333, which is roughly $456.7 million.

⚫️Marathon Digital Holdings increased its bitcoin balance by 28.94% (from $10,054 BTC to $12,964 BTC).

⚫️Hive Blockchain was the only company that reduced its assets from 3091 to 2332 by selling 759 BTC.

⚫️Galaxy Digital Holdings ($12,545 BTC), Tesla ($10,500 BTC) and Riot Platforms ($7,275 BTC) are now the third, fifth and eighth largest asset holders.

➡️If these companies build the right strategy to sell their assets, they are more than likely to quietly make ~1,5X of their invested funds. If of course bitcoin follows all the trends and patterns that have gone before.

#analytics

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🗣In my opinion, Bitcoin will be able to break its high in 2025. Why? In my observation, each crypto market cycle becomes slower compared to the previous one. Previously, Bitcoin could go from the bottom to its high in just a couple months. Now this period can be more than 1 year (starting from the moment of growth).

🟠Tentatively, after the halving, which will be held on April 7, 2024, should begin a more dynamic growth of the market. Thus, in the second half of 2025, Bitcoin will have to reach its maximum.

I'm just my opinion. Not a financial recommendation.

❔ When will bitcoin overtake its maximum historical price value?

👍 - in 2024
🔥 - in 2025
❤️ - in 2026
😢 - Never

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How $20,000 worth of NFTs were stolen ☑️
ㅤ
This is Treysi. Friends, today I would like to offer you a break from numbers and statistics. I have prepared a cautionary tale for you. It happened to a good friend of mine. About how he was cheated out of $20,000.

✔️ Let's get started. The story will be told in the first person.

"Couldn't sleep for a long time. At 4:30 AM decided to sit at the computer so my eyes got tired and I went to bed. Remembered that I have an OG role in the Sui Name Service project. Went to Discord. Wanted to get active since I haven't done that in a while. As soon as I logged into the chat, the official moderator drops a message with an offer "The first 1000 people will get a special drop from our project".

🟠I thought, "Wow, how lucky I am.". In the message itself there was a link where you had to connect your MetaMask wallet. I did everything, but during the confirmation stage MetaMask gave me a message about "suspicious connection", which made me suspicious. And I was starting to wonder: the Sui blockchain is asking to connect a MetaMask wallet! - weird. I mean, they have their own wallet. I also looked at the domain. It's weird too. Disconnected all wallets and forgot about it. Went to sleep.

🟠In the morning I wake up, go to the chat room of another project and see that the chat room where I was sitting yesterday is gone. Then I have a logical chain. I remember that at night I connected my wallet. And that's when it all made sense to me.

I went to OpenSea to check my NFT in the amount of almost 20000$, which were on my wallet. And I saw that they were all gone.

🟠So why did I get caught in a scam, although the message was from official moderators. In the end it turned out that the moderator's account was hacked. The link hung for 5 seconds and I got caught in them.

It's very frustrating that this happened."

❔ Would you like more stories like this? (I know many such cases)

👍 - Yes
🧐 - No

#useful_history

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🗣 In order not to lose money, as my friend, I advise you to check everything carefully before connecting your wallet anywhere. Even if the message came from a moderator in the official chat of the project.

⚫️Even Discord accounts top project can quietly hacked. This happens quite often. Always be careful when working with money, especially in the field of cryptocurrency. Yes, these are super corny words, but they will help you save your hard earned money!

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🪙Sam Bankman-Fried was sent to jail pending trial

⚡️Today new information on the former head of crypto exchange FTX has emerged, he was decided to be placed in custody until the next trial.

🪙Earlier ex-head of the FTX exchange Sam Bankman-Fried was released from prison, December 22 on bail of $250 million

🇺🇸But now the court has granted a filed motion by the U.S. Department of Justice to revoke bail for FTX founder Sam Bankman-Fried and place him in custody.

❔Do you believe in compensation for the money lost because of FTX?

👍 - Yes
🤔 - No

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PayPal wants to take over the crypto market 😱

Friends, hello everyone. There is one interesting news today.
I think many people remember that recently the payment system PayPal announced the launch of its stablecoin - PYUSD. But that's not all...

🟠Today PayPal announced the launch of a new service - "Cryptocurrencies Hub". This platform will allow users to hold and transact Bitcoin and other cryptocurrencies directly through their PayPal account.

🟠The updated terms of use tell us that users will be able to not only store, but also buy and sell cryptocurrencies, as well as pay for goods and services using them. There is also the possibility of converting between the new PayPal steible, PYUSD, and other crypto assets.

However, there is a nuance: you will not be able to keep the digital cryptocurrency itself in your PayPal balance - you will only own a "display" of its amount.

❔ Do you think PayPal will go even further? (create its own blockchain, cooperate with major exchanges, etc.).

👍 - Yes, of course
🤔 - No

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🗣 As I like to say: Mass Adoption is getting closer and closer. The information that classic payment companies are starting to adopt crypto more and more, especially in a bear market, is a good sign for the market as a whole.

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Binance has filed a motion for a protective order against the SEC's actions 🔸

Binance has filed a motion with the court for a protective order. The company believes that the Securities and Exchange Commission (SEC) has exceeded its authority. The petition says the regulator's requests are "overly broad" and "unduly burdensome"

🟠Recall that the court issued a consent order regarding the case in June 2023. Prior to that, the SEC expressed concern about the reliability of custody of assets of clients of the US division of the exchange and demanded to freeze the accounts of the counterparty.

🟠Binance responded by stating that Binance.US would then effectively suspend operations. The consent order, which provides for the disclosure of certain corporate information, became a kind of compromise.

❔ Do you think such bold actions on the part of Binance will lead to large-scale searches of the exchange? (checking all wallets, documents, etc.)

👍 - Yes
🧐 - No

#news

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Gary Gensler said that AI is a risk to the capital markets 🤖

Gary Gensler, Chairman of the US Securities and Exchange Commission (SEC), said that AI poses risks to capital markets. According to him, the regulator has focused its efforts on addressing both micro and macro issues in the sector.

🔴Gensler noted that he believes AI is the most transformative technology of our time. He compared the effect of its introduction to the mass production of cars and the emergence of the Internet.

🔴At the same time, AI carries certain risks both for trade as a whole and for individual capital markets participants. In particular, there is a potential conflict of interest between a service provider and a client.

#news

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About AI ☑️

🗣 We can talk forever on the subject of artificial intelligence. The risk that AI will replace some professions is quite high. From writing texts to making movies.

🟠In my opinion, the best decision you can make right now is to start incorporating AI more actively into your life. This technology can be integrated into almost any professional activity.

I can tell you by the example of myself and my team. As you know, we are actively developing in the field of finance and cryptocurrency. And in our work, we quite often use the AI function: to search for and process any information, to quickly find the most relevant news. In general, we use it in many areas of our work.

❔ By the way, would you be interested in getting to know me and my team in more detail? (because you know almost nothing about me).

🤩 - Yes
🧐 - No

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Why BTC fell below 26k 🧡

Friends, I think many of you have seen how much the price of BTC has fallen. I tried to find a clear reason why it happened, but I couldn't. There are a few possibilities:

🟠SpaceX sold all their Bitcoins, but there is no primary source;

🟠Evergrande bankruptcy (the Chinese's favorite FUD at the MtGox level). No primary source either;

Against the backdrop of this situation, many traders were liquidated. Total liquidations in 24 hours 1.07 billion dollars.

Hopefully many of you had buy orders standing by and everyone has done a good job of buying the top altcoins. There is still time to do that now. But also, you should always leave some stablecoins for a likely drop lower.

❔ Will you buy BTC if the price drops to ~$20,000?

🤩 - Yes
🧐 - No

#news

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Who loses money in the market? 💅

Friends, hello everyone. I have found some interesting information for you, which I would like to tell you a little about.

🟠88.3% of all short-term BTC holders are at a loss. And the number of BTC they hold is about 2.26 million BTC.

🟠And this statistic is not related to the fact that Bitcoin has fallen significantly in price over the past week. This is always the case in the market - almost 90% of people lose money.

🟠Why do they lose their money? It's simple - they do not follow the rules of risk management and money management. If you do not take these two aspects into account in your work, but with a 99% probability you will lose all your money 🔽

🧐 #news

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Important rules for investing and trading 🔤

🟠Risk management is following the rules you have set for yourself regarding risk. For example, when you make a trade, you have a risk/profit ratio of 1/3 and you are obliged to comply with it no matter what. It's a discipline.

🟠Money management is following the rules you have set for yourself regarding money. For example, when making a transaction, you have a pre-determined risk in the amount of, for example, $ 100. And you must comply with it.

And based on these two aspects, you create your own togovoli strategy. But that's another story...

❔ Do you follow these rules when investing in crypto?

🤩 - Yes
🧐 - No

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Circle gains control of USDC issuance in six new blockchains💲

🪙Cryptocurrency exchange Coinbase will buy a stake in Circle, the issuer of the second-largest USD Coin (USDC) stablecoin, according to a joint statement from the two companies.

🪙Circle will gain full control over the issuance and management of the USDC stablecoin, which will launch on six new blockchains sometime between September and October 2023, the companies said in a statement. The exact terms of the cryptocurrency exchange's investment were not disclosed. As of Aug. 22, USDC has a market capitalization of more than $25.9 billion, according to Coinmarketcap.

"The nature of the investment suggests that Coinbase and Circle will now have even greater strategic and economic alignment on the future of the financial system," Coinbase CEO Brian Armstrong and Circle CEO Jeremy Allaire said in a statement.

💲In August, Coinbase said it would suspend trading of USDT and other stablecoins in Canada. Customers of the cryptocurrency exchange will continue to be able to deposit and withdraw these assets despite the ban on trading USDT, DAI, and RAI stablecoins.

🇺🇸Coinbase has also received regulatory approval to trade cryptocurrency futures in the US. The authorization for U.S. clients to access regulated cryptocurrency derivatives will allow more people to gain safe access to the country's cryptocurrency market, the company said.

🧐 #news

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More rumors about CZ 🟨

Friends, interesting rumors are appearing here. In recent days, rumors about the possible sale of Bitcoins by the head of Binance, Changpeng Zhao (CZ), have been actively discussed in order to support the price of BNB coins. According to Santiment, there are many accusations in the crypto community that CZ is selling bitcoins so that BNB does not fall to zero.

⏺Although CZ previously claimed that he doesn't care about the price of BNB and his main goal is to create new products in the field of cryptocurrencies, since August 14, the cost of BNB has decreased by 14%, reaching $206. At the time of writing, the coin is worth $215.1, which is significantly lower than $348 in April.

⏺Well-known crypto investor Mike Alfred criticizes Binance and CZ personally, accusing him of selling a large number of Bitcoins. Alfred believes that as soon as CZ stops selling, the price of BTC will go up.

However, he recommends everyone to withdraw their coins from Binance, calling the platform "unscrupulous". BTC is currently trading at $26,000, having lost about 10% since August 16. Some consider this a typical decline before the upcoming halving, expected in April-May next year.

❔ Do you think CZ sold all his BTC or is it just a rumor?

👍 - Yes, he was selling
🔥 - No, it's just a correction

#news

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History doesn't mean anything yet ☑️

Friends, today I came across another interesting infographic (on top of this post). It follows from it that if history repeats, then BTC will grow to $35,000 before halving and to $148,000 after it. The next halving on BTC is expected on April 20, 2024.

🟠Also, the court's decision on XRP and the approval of Black Rock's application for a spot BTC-ETF, in addition to halving, will provide a strong foundation for the next bull market in the crypt.

🟠And now I want to say my thoughts: many people are guided by the history of certain events. For the most part, they assume that events will repeat. But, they often do not take into account that the market most often goes against the crowd (the crowd loses money). And if everyone expects a repetition of history, then theoretically this will lead to a departure from history.

Yes, it is impossible to predict. I just gave you this thought for reflection... .

❔ How do you think, can the crypto market go against history?

👍 - Yes
🔥 - No

#news

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Binance wants to stop market manipulation 📉

Hello everyone. Today I came across information that Binance exchange contacted several projects that have tokens with low liquidity this week and had an interesting conversation with them.

🟠The company asked about their relationship with market makers and whether they would consider contributing 1-5% of their tokens to "Binance Savings". The exchange representatives stated that this is a "risk management initiative." This is how they want to prevent market manipulation.

🟠If the exchange will really get rid of coins with small liquidity, it is a good sign for the development of the exchange as a whole. It means that it will become more expensive to enter and small projects will not be traded on it.

🗣I think they started such selection for 1 reason only: to have less questions from the government. Since Binance has a lot of public attention, any incidents of manipulation and price hikes could lead to another inspection.

❔ Do you think Binance is doing this in order to protect itself from inspections?

👍 - Yes
🔥 - No

#news

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