Today in History | June 5th
2025-06-05 02:00
On this day in 2023, the SEC sued Binance, Binance.US, and Binance CEO Zhao Changpeng for allegedly violating federal securities laws by illegally providing and selling securities to American investors.
On this day in 2023, the SEC sued Binance, Binance.US, and Binance CEO Zhao Changpeng for allegedly violating federal securities laws by illegally providing and selling securities to American investors.
Odaily Planet Daily News: a16z Crypto published an article titled "Stablecoins: A 1+billing user onboarding opportunity", which pointed out that in the past 12 months, the transaction volume of stablecoins has reached $33 trillion, continuously setting a new historical high, close to 20 times the transaction volume of PayPal and 3 times the transaction volume of Visa. Stablecoins have been integrated into these massive global payment networks that have existed for decades. The flourishing development of stablecoins has resulted in $128 billion of US Treasury bonds being held in stablecoins. This makes them among the top 20 holders of US treasury bond, even surpassing Saudi Arabia, South Korea, the United Arab Emirates and Germany. Citibank recently predicted that by 2030, the holding of stable currency in US treasury bond will reach 3.7 trillion US dollars, making it the largest holder on this list. For a long time, stablecoins have been criticized for only being used to settle speculative cryptocurrency transactions, but data shows otherwise.
Click on the link to enter Tencent Meeting: https://meeting.tencent.com/p/9850662513 Good evening,everyone! I am your Da Bin teacher! It's hard to make a deal. In fact, the overall mood before the quarrel was good. Although BTC had a slight shock, the market mood was good. After the announcement of the telephone communication between Trump and President Xi, the US stock market reversed from the downward trend. For a while, the rise was good. The Nasdaq and S&P rose almost 1%. In fact, the mood of the market today is still very good. In addition, many other small partners think that the decline of the cryptocurrency market today, even some of the decline in U.S. stocks, is related to CRCL. They think that CRCL sucks blood in the market, but indeed the hot sale of CRCL reflects the recognition of traditional American investors for stable currencies, which may be the best news today. Another good news is that China and the United States have reached a consensus again. Trump even said that Chinese students are welcome to study in the United States. Indeed, businessmen are still very powerful in politics. But I don't know how long this' consensus' can last, and whether it will be TACO's performance again. And the worst part is that Musk and Trump were arguing with the money in my wallet. Actually, I'm pretty good, but Tesla's buddies are the ones who really suffer. Every word Musk says is consuming Tesla's shares. One buddy came to me late at night with just one sentence, how could he shut up. However, Epstein and Trump's inability to be elected without 'me' should be the biggest blow today, and it also means that these two people have completely turned against each other. Looking back at BTC's data, although BTC has almost fallen below $100000, the turnover generated is not significant. Only loss making investors are nervous and have experienced significant turnover, while earlier investors are still in a wait-and-see state with no obvious signs of panic. As Trump and Musk's argument continues to escalate, market sentiment is still deteriorating, and it is estimated that the decline will not stop until the argument is over. It is unknown whether the two can reconcile. Although the price is not very friendly, the support between $93000 and $98000 is still very strong, and there is no sign of panic among this group of investors. This is also what we often say that investors between $100000 and $105000 are mostly short-term investors who are more sensitive to prices. The weekly report also stated that the current price maintenance is not due to an increase in purchasing power, but to a decrease in the amount of selling. Once there is a bearish trend that increases the selling and purchasing power cannot increase equally, it will become the current situation. However, it currently has no essential impact on BTC, and more importantly, it is a release of emotions from US stock investors. Today is Friday, and there is still non farm payroll data tonight. If the data meets expectations, it should be able to boost investor sentiment. Operation suggestion: BTC 101500 long first target to see 103600 second target to see 104000 ETH 2400 long, first target at 2500, second target at 2610 Join the language community communication group to obtain more services 1. Real time troubleshooting (online one-on-one question answering and sorting) 2. Professional technical analysis and theoretical learning 3. Construction and improvement of trading system- 4. Live streaming courses every day, contract termination, real-time order making, to help you successfully land! Every day, there are teachers in the group who provide precise positioning to answer questions and offer free guidance. Tencent Meeting Live: 985-066-2513 DingTalk Group Number: 120320009032 Every day, there are teachers in the group who arrange precise positioning to answer questions and provide free guidance Disclaimer: The above content only represents the author's personal opinion and is for communication and sharing purposes only. It does not represent the position or viewpoint of AiCoin and does not constitute any investment advice. Based on this investment, there may be external contacts, which have nothing to do with AiCoin, and the consequences shall be borne by oneself.
According to Foresight News, Zhao Changpeng mentioned Mubarak in his latest tweet.
Odaily Planet Daily News: Adam, a macro researcher at Greeks.live, released a Chinese community briefing, which pointed out that market sentiment tends to be cautiously bearish, Bitcoin's short-term volatility is intensifying, and investors are closely monitoring the weakening ETH/BTC ratio and pressure at the $100000 mark. Most traders believe that Ethereum's performance is weak, but there is disagreement on whether the current time is suitable for bottom fishing. The public conflict between Musk and Trump is seen as a short-term black swan event, causing Tesla's stock price to drop by over 20% at one point, triggering market volatility; Ethereum's holdings have reached a new high, but its price performance is weak. Many traders believe that it is not yet time to bottom out and suggest focusing on the $1500 support level rather than the targeted $1300 low point.
Solana (SOL) was also a top performer, rising 3.3% from Thursday.