Ethereum's largest whale transferred 320 million USDC to Binance in the past week

The withdrawal of Russian funds from the US stock market has caused the Nasdaq futures to plunge, causing the crypto market to fall. The probability of the Federal Reserve raising interest rates by 50 basis points in May has increased again, reaching 91%. Although the short-term market environment seems to be very bad, the crypto market is destined to be a thriving industry. The big trend of the bull market has not yet finished. We only need to endure this extremely bad investment environment, and it will soon pass. The madman knows that many people can no longer bear it, because the data on Qiaoshang has truly recorded this. More than 2.1 million bitcoins have recently completed turnover in the range of 38,100-41,500. Who is bottom-fishing at this position? It must not be retail investors, but a steady stream of institutional funds are quietly lurking. You must know that Bitcoin has moved only more than 5 million tokens in a year, so this data is already very amazing, indicating that this round of turnover is almost over. The new bulls will replace the bulls in the old market and reopen a new market. The market can only move out of a healthy upward trend in the turnover that continues to raise costs.

The author of Rich Dad Poor Dad, Kiyosaki, believes that the stock market is expected to crash in October, followed by a new depression, economic recession and hyperinflation are coming, and recommends buying gold, silver and Bitcoin. Raoul Pal, a former executive of Goldman Sachs, believes that there are still potential catalysts and new developments in the encryption field, and the upward potential is great. At the same time, he believes that the price has reached a relative low point. These two crazy people completely agree that if there is a big leak now, it will be an opportunity to participate with your eyes closed, and it may also be the last opportunity to buy on the decline.

Oman will introduce real estate tokenization into its crypto asset regulatory framework. This is a good experiment. If every house has a token in the future, and this token represents the property rights of the house, then blockchain will subvert the existing real estate registration agency and even all real estate agents. Buyers and sellers can communicate directly online and complete on-chain transactions. For example, if USDT is used to buy a house to prove NFT, the house can be changed hands. Why develop blockchain? Because this is a dimensionality reduction attack on the traditional world by advanced technology.

Indian crypto exchanges have begun to promote peer-to-peer transactions and complete the conversion of cryptocurrencies into legal currencies. This is completely consistent with our deposit and withdrawal restrictions. India is beginning to follow our old path, so let's be secretly happy.

The Russian federal government has submitted a draft law on cryptocurrency taxation to parliament. Collecting taxes is the first step in compliance supervision. It seems that Russia is about to officially embrace the cryptocurrency market.

The IRS plans to tax NFT investors. Wherever there is a money-making effect, there is the IRS. It is really a money-making organization that covers the sky with one hand. The current NFT market has developed faster than the encryption market. The rising series of NFTs have their underlying logic. Now it is no longer the stage of electronic painting speculation, but has entered the real value logic.

Australian convenience store and gas station giant OTR announced that it will accept cryptocurrencies at 170 gas stations across Australia and Victoria. Crypto payments have really entered the inclusive stage, and global use is becoming increasingly clear.

UST's market value surpassed BUSD and entered the top 3 stablecoins. An algorithmic stablecoin, relying on continuous development, actually started from scratch and overtook the market and entered the top 3. This is inseparable from the wisdom behind it and the 20% annualized profit. I estimate that as long as Bitcoin does not collapse, UST should be stable. The 20% financial management in the Anchor protocol is really good, which is the most cost-effective pool at present. If you are interested, just go and dig it yourself.

Ethereum's largest whale transferred 320 million USDC to Binance in the past week. He is planning to enter the market to buy stocks. Bitcoin and Ethereum at this position are indeed becoming more and more attractive. There is no problem in increasing the allocation as the prices fall.

Panic 24, turned into extreme panic again.

Coin News:

Bitcoin: Today's decline hit a recent low, and there was no decent rebound after the new low, indicating that the downward trend is likely not over yet. The current long-short ratio is still high, so it has the momentum to continue to fall. Short-term investors continue to wait and see, waiting for bulls to intervene before participating in the market.

ETH: 75,000 ETH were transferred to FTX last night. The expectation of ETH2.0 postponement still made many big investors give up resistance. There must be many reasons for selling coins. This will not affect the future value of Ethereum. In the short term, it will still be linked to Bitcoin, and the overall trend will be stronger.

GMT: The transaction volume briefly exceeded that of Bitcoin, becoming the brightest star in the whole venue. The daily active users reached 300,000. The average daily number of new users in the past 7 days was about 6,000, and it is still maintaining a good growth rate. The amount of deposits is greater than the amount of withdrawals. If you want to invest in this coin, just keep an eye on its data. As long as the user growth rate does not decrease (note that it is the growth rate), there is still a chance of rising. Kuang Ren generally believes that the risks outweigh the opportunities.

XMR: The Monero community initiated an "XMR run" test, asking everyone to withdraw money from exchanges to see if the exchanges have sufficient reserve funds. This activity is extremely beneficial to the rise in currency prices, because after the money is withdrawn to the wallet, liquidity will be exhausted and demand will be greater than supply.

SHIB: The most traded token among the top 2,000 Ethereum wallets is SHIB, and the net inflow of whale addresses has increased by nearly 500%, indicating that whale investors are accumulating SHIB. The logic is unclear, but you can choose to believe their perception.