BTC $80,939.00 -2.93%
ETH $2,363.03 -5.60%
BNB $716.89 -3.39%
XRP $1.31 -4.18%
SOL $102.26 -4.55%
TRX $0.3311 +0.02%
DOGE $0.0799 -5.32%
ADA $0.2203 -6.15%
BCH $261.42 -5.92%
LINK $12.09 -6.01%
HYPE $80.06 -2.23%
AAVE $150.37 -6.24%
SUI $0.9843 -6.32%
XLM $0.1795 -5.45%
ZEC $1,088.89 -13.03%
AAPL $344.96 +0.69%
AMZN $250.03 -3.71%
GOOGL $342.49 -4.08%
MSFT $529.16 -3.10%
META $727.44 -5.57%
NVDA $218.67 -4.47%
TSLA $361.63 -3.93%
SNDK $1,335.91 -7.98%
INTC $95.42 -6.71%
SPCX $149.47 -5.16%
MU $876.75 -7.28%
AMD $557.76 -7.64%
BTC $80,939.00 -2.93%
ETH $2,363.03 -5.60%
BNB $716.89 -3.39%
XRP $1.31 -4.18%
SOL $102.26 -4.55%
TRX $0.3311 +0.02%
DOGE $0.0799 -5.32%
ADA $0.2203 -6.15%
BCH $261.42 -5.92%
LINK $12.09 -6.01%
HYPE $80.06 -2.23%
AAVE $150.37 -6.24%
SUI $0.9843 -6.32%
XLM $0.1795 -5.45%
ZEC $1,088.89 -13.03%
AAPL $344.96 +0.69%
AMZN $250.03 -3.71%
GOOGL $342.49 -4.08%
MSFT $529.16 -3.10%
META $727.44 -5.57%
NVDA $218.67 -4.47%
TSLA $361.63 -3.93%
SNDK $1,335.91 -7.98%
INTC $95.42 -6.71%
SPCX $149.47 -5.16%
MU $876.75 -7.28%
AMD $557.76 -7.64%

goal

All
Article
Flash

Binance targets a financial super app: integrating cryptocurrency trading, stock investment, payment, and banking-like services, with a goal of increasing the user base to 3 billion

Shunyet Jan, the head of trading and trading operations at Binance, stated that the future competition among financial platforms will no longer be limited to cryptocurrency asset trading, but will integrate services such as investment, payment, lending, and asset management, creating a comprehensive financial ecosystem that covers both traditional finance and the cryptocurrency market. Jan has worked for about 30 years at Goldman Sachs, Morgan Stanley, and JPMorgan Chase. He believes that traditional finance has advantages in regulation, risk management, and functional segregation, while the cryptocurrency industry is more competitive in 24-hour trading, fast settlement, and openness, and that the two will accelerate their integration in the future.Binance hopes to allow users to utilize their financial value without having to sell underlying assets through features such as unified accounts, cross-asset margin, tokenized assets, and stablecoin payments, and to explore using AI to simplify asset selection and risk management. Jan revealed that Binance currently has over 300 million users, most of whom come from emerging markets; among users of its direct stock and tokenized stock products, about 90% come from emerging markets. He stated that Binance's long-term goal is to expand its user base from 300 million to 3 billion and to become a financial infrastructure that more people can use.

The giant whale has set 10 major goals: under multiple macro headwinds, BTC has only retraced about 5%, and will continue to hold as long as it does not fall below 79,000 USD

Whale "Set 10 Major Goals First" (@jasonleo) shared a post late at night stating that the most noteworthy aspect of this round of BTC correction is not the decline itself, but "why it only dropped this much." He pointed out that recently the 30-year U.S. Treasury yield approached 5.7%, and the 10-year U.S. Treasury yield was about 5.3%. Market expectations for another interest rate hike within the year are rising, while oil prices and inflation pressures are resurfacing, with multiple macroeconomic headwinds overlapping. However, BTC has only corrected about 5% so far.jasonleo believes that the price's reaction to news is itself important information. In the past, when a single macroeconomic headwind appeared, BTC could experience a decline of over 10%. Yet this time, under the pressure of multiple headwinds, the price has not shown significant damage, which indicates that the current upward trend has a certain resilience. He compared the current trend to BTC's previous bottom around $58,000, believing that both exhibit the characteristic of "weakened selling pressure after sufficient release of bad news," but the current market remains in a strong trend. He stated that he does not currently believe BTC will directly drop to $78,000 or even $74,000, and will observe $79,000 as a position to reduce holdings: if BTC falls below $79,000, he will begin to reduce holdings; if the daily close falls below $78,000, he will exit all remaining long positions and wait for the next entry opportunity; if the key position is not broken, he will continue to hold long positions.

first_img The UK plans to give the central bank a new goal for stablecoin innovation

The UK plans to give the Bank of England a new statutory objective to support innovation in stablecoins and other forms of digital currency, while maintaining financial stability as a primary responsibility. This objective will be incorporated through amendments to the Financial Services and Markets Bill, requiring the central bank to report annually to Parliament on its progress in payment systems and digital currency innovation. Lucy Rigby, the UK's Economic Secretary to the Treasury, stated that this objective will support the central bank in continuing to promote payment and digital financial innovation, ensuring that the UK maintains its leading position in global financial services.The UK is committed to establishing a unified regulatory framework covering both traditional and tokenized payments. The Bank of England abandoned its previously proposed temporary cap on the holdings of stablecoins by individuals and businesses in June this year, instead setting a £40 billion (approximately $54 billion) issuance cap for each systemic stablecoin; issuers can allocate up to 70% of their reserve assets to UK short-term government bonds, with the remainder held at the central bank. The UK's Financial Conduct Authority (FCA) has also finalized rules for crypto firms and stablecoin issuers, including simplified capital requirements, allowing businesses to apply for authorization starting September 30, with the new rules taking effect on October 25, 2027.According to DeFiLlama data, the current stablecoin market size is approximately $303 billion, up from about $200 billion at the beginning of last year, with most being dollar-pegged stablecoins. Visa data shows that the trading volume of retail-level stablecoins below $250 has increased from $500 million in 2019 to nearly $70 billion last year, reflecting the growth in consumer usage.

The giant whale "sets 10 major goals first": after making a profit of 100 million dollars in the last round, it faced a pullback, and this round's long positions exited early due to fear

"Whale" Sets 10 Major GoalsJason Leo posted a review of recent trading experiences this morning, stating that he is rethinking discipline and risk control in trading.Jason mentioned that during the last cycle, he achieved a profit of about 100 million dollars, but due to a long-term adherence to trend judgment, he failed to stop losses in time after the market reversed, resulting in a significant profit drawdown. This experience led him to summarize two core principles: "discipline" and "risk." He stated that at the beginning of this market cycle, he maintained a trend trading mindset, believing that the target price of Bitcoin would reach 74,000 dollars and that the fluctuations during this period were just part of the upward process. However, as the price gradually approached the target, the risk awareness from past losses began to affect his judgment, leading him to choose to exit early.Jason stated that although Bitcoin eventually reached 74,000 dollars, he was unable to hold on. He believes that the mistake in the last cycle was overconfidence in the trend, while this cycle was marked by the fear of repeating past mistakes, causing him to abandon the trend too early. He concluded that the biggest challenge in trading is not to conquer the market, but to break free from the inherent perceptions formed by past experiences. "If experience cannot change with the environment, it is essentially prejudice; if discipline loses judgment, it is essentially mechanical."
app_icon
ChainCatcher Building the Web3 world with innovations.