Zhao Changpeng: Collaborating with Kyrgyzstan to Promote Cryptocurrency Adoption

BlockBeats news, on April 8th, according to Fortune, the US Department of Justice announced on Monday evening the dissolution of the National Cryptocurrency Enforcement Team (NCET), which specializes in cryptocurrency related investigations. Deputy Attorney General Todd Blanche stated in a four page memo that this move is in line with President Trump's executive order on digital assets in January. NCET was established in 2021 and is composed of prosecutors from the Department of Justice's Anti Money Laundering and Cybercrime Division, as well as lawyers from other regional offices. This group has participated in multiple major cryptocurrency case investigations, including the Tornado Cash cryptocurrency mixing protocol case and the Avraham Eisenberg hacker case. According to the memorandum, the Ministry of Justice will focus on cracking down on individuals who infringe upon the interests of digital asset investors in the future, and will no longer take enforcement actions against cryptocurrency trading platforms, cryptocurrency mixing services, and offline wallets.

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According to BlockBeats, on April 8th, Cryptoquant analyst theKriptolik released an analysis stating that Ethereum has fallen below its "realized price" of around $2300. The "realized price" is the price at which each Ethereum is transferred through the blockchain for the last time and is one of the indicators for recalculating the market value of cryptocurrencies. The average of all transaction prices is the realized price. Compared to the current market price, it can more accurately reflect the average holding cost of investors, which usually forms a key support or resistance level. When ETH falls below the realization price, it means that most holders are in a floating loss state. During times of market panic (such as the present), it is highly likely to trigger a 'meat cutting' sell-off. If a large-scale sell-off occurs, it marks the beginning of the "surrender phase" and a collective collapse of investor confidence. Historical data shows that falling below the realized price usually occurs at the end of a major downtrend. On chain data shows that there is an 80% probability that ETH prices will fall below the realization price in the long-term bottom area, with an average rebound of 217% in the following 6 months. At the same time, falling below the realization price has also been historically proven to be a strategic accumulation range for long-term investors. In the short term, Ethereum's drop below the realization price reflects market panic, but from a historical cycle perspective, the current price may be building a rare golden pit.

According to Fortune magazine, the US Department of Justice notified employees on Monday evening that the agency is disbanding a department specifically responsible for cryptocurrency related investigations. In a four page memo reviewed by Fortune magazine, US Deputy Attorney General Todd Blanche announced the decision, stating, "The Department of Justice is not a digital asset regulatory agency. However, the previous administration used the Department of Justice to implement a strategy of reckless regulation through prosecution." Blanche is the second highest ranking official in the Department of Justice and a defense lawyer for Trump during his 2024 criminal trial. He wrote that as part of the Department of Justice's efforts to comply with Trump's January executive order on digital assets, the National Cryptocurrency Enforcement Agency (NCET) "immediately" disbanded, which aims to "establish regulatory clarity for the industry. As part of Monday's memo, Blanche instructed Justice Department employees to focus on "prosecuting those who harm digital asset investors" rather than pursuing cases involving cryptocurrency exchanges, mixers like "Tornado Cash," and "offline wallets.

According to BlockBeats, on April 8th, the US dollar index fell to 103.49, gold fell back $2982 to catch its breath, and Bitcoin rebounded to around $79000. The market initially rose due to reports that US President Trump was considering implementing a 90 day tariff suspension on multiple countries. However, the White House subsequently denied this unfounded report. Bitcoin and the US stock market immediately reversed and fell sharply, experiencing violent fluctuations again. Immediately after that, former US President Trump once again put strong pressure on the anti regime countries, warning them that the US would raise the current tax rate to 50% on the 9th of this month. This series of news has once again ignited market panic. The cryptocurrency market has experienced severe fluctuations, with Bitcoin soaring to $81213 before rapidly falling back. As of 9:30am on April 8th, Bitcoin reported around $79670, while Ethereum fluctuated around $1574, and its short-term trend remains to be observed. Over 446500 investors liquidated their positions within 24 hours, with a cumulative liquidation amount of up to 56.8 billion US dollars across the entire network. This collapse, known as the "Lehman Moment of Cryptocurrency," not only shattered the myth of wealth creation in the cryptocurrency industry, but also revealed the dual hidden dangers of leveraged speculation and regulatory vacuum. As the world's first multi asset trading wallet, BiyaPay has now opened up instant exchange between fiat and digital currencies, allowing users to participate in the US/Hong Kong stock securities market with USDT, zero transaction fees for spot/contract makers, B2C compliant withdrawal channels, secure withdrawal without freezing cards, effectively avoiding the risk of fund freezing in traditional OTC/C2C transactions.