In line with expectations = good market. Market analysis on September 24

The Fed overnight was a bunch of nonsense, almost nothing useful. Interest rates continue to remain unchanged at 0-0.25%. As a whole, we still have to observe the recovery of the US economy and decide when to reduce debt purchases. Has entered into the expectation of debt reduction, but the process of debt reduction is as slow as a snail. Therefore, the meeting overnight basically met previous expectations and therefore did not cause too much volatility in the market. The big pie was expected to be negative in advance. , Meeting expectations is good, so after the meeting, it is in a trend of continuous rebound. As for the interest rate hike, it is expected that it will be the end of next year at the earliest, so don’t worry. The delaying strategy is the usual strategy. Just look at how many years the Bitcoin ETF has talked about, and you will understand this nasty truth. What about the end of next year? Look again later.

Dubai allows bitcoin transactions in the tax-free economic zone. The introduction of this policy makes bitcoin feel like a real thing. It seems that people only need to change the location of their mobile phones to the tax-free economic zone, which is equivalent to Dubai's recognition of bitcoin transactions. , Dubai should hope to do a pilot in the duty-free zone, and then open to the public.

Bloomberg Commodity Strategists said that gold investors are experiencing an outflow, and these investors are turning to cryptocurrencies such as Bitcoin and Ethereum, because Bitcoin has become an increasingly popular deflationary standard. Bloomberg strategists probably won't talk nonsense, after all, people can get important global investment data. It seems that Bitcoin is eroding the market value of gold, which has become an indisputable fact.

Huobi Trust Co., Ltd. has officially entered the field of cryptocurrency custody. At present, the company's custody scale has exceeded 1 billion U.S. dollars. This is a trust company licensed by Huobi in Hong Kong, and it is also a way to lock institutional funds in the crypto industry.

In the past two days, Purpose Bitcoin ETF has increased its holdings by 390 Bitcoins. Although the increase is not large, it at least shows that some institutional funds have returned.

Robinhood will launch a full-scale crypto wallet in early 2022, and said that it will add cryptocurrency to its balance sheet, which means that this large exchange has officially entered the crypto industry and will hold crypto assets as part of its finances. Favor the industry.

The report shows that in the wallet statistics of games, NFT, and Defi this month, the number of active wallet addresses in games increased by 64% compared with the previous month, NFT and Defi increased by 6% and 3% respectively, and most of the users are from under 34 years old Of young people, indicating that young people’s interest is turning to blockchain games, which will become a trend in the next 5-10 years, because young people in an era represent the real future. As for NFT and Defi, they will not die out. After the popularity increases, the value will be reflected.

Panic 27 has picked up, and every time you panic is a good opportunity to participate.

Market analysis

Bitcoin:

Bitcoin rebounds to near the 5-day line, of course, it will be under pressure. It is still relatively difficult to directly break through. The bottom support 42500, the probability will be a narrow range of 1 day, and tomorrow will be regained after the large option is delivered at 16 o’clock. The possibility of an uptrend is very high, and the operation is still mainly to participate in the dip.

ETH:

The trend is a bit similar to that of Bitcoin. It needs to consolidate and oscillate. The support level is 3000. Stepping back is an opportunity to get on the bus.

DOT:

It was the first to rebound, but it did not last very long, and the overall market outlook was linked.

XRP:

Can not fall, rebound mainly.

LINK:

Linkage is the mainstay, not too strong.

ADA:

Today, the public chain has rebounded greatly, and ADA is still relatively weak in the sector, so we will not participate first.

TRX:

After a small double bottom on the daily line, yesterday's low is not broken, so you can participate.

DOGE:

The transaction volume hit a new low since 2017, and they were all trapped. The AMC cinema line confirmed support for Dogecoin payments, and the short-term rebound is expected to continue.

SOL:

150 The pressure is still quite large, and linkage is the mainstay.

AVAX:

It has set a new record high. He is currently the most hyped in the public chain. The funds are still there, and the trend is expected to continue.

AXS:

The token economy is adjusted again, the cost of breeding offspring has been reduced from 2AXS to 1AXS, consumption has decreased again, and now it has hit a strong pressure zone, and the participation yesterday can stop profit today.

I won’t talk about other things. Today and tomorrow are probably turbulences. The change or after 16:00 tomorrow, the weekend is an important time node and needs to be paid attention to!

YIELD App | APY up to 12%! The second batch of Bitcoin funds will be deposited in a limited time; at the same time, the annualization of ETH USDC USDT will be increased

The Bitcoin (BTC) fund of the YIELD App was launched in early July and received a good response in the community. The demand for subscription was once in short supply, so the second batch of BTC funds was opened for users to continue to invest.

For users who missed the fund last month, it is definitely an excellent opportunity to invest-you can obtain a market-leading annualized rate of return of 12% through the world's largest digital currency, Bitcoin. However, the base amount is limited. Based on the "first come, first served" principle and the experience of the previous batch of subscriptions, if you want to buy as soon as possible!

The second batch of BTC funds in YIELD App will be reopened last Friday at 07:00 UTC on August 20th and will be open to all users from level 1 to level 5. The deposit is as of this Wednesday, August 25, 07:00 UTC, but if the deposit reaches the upper limit of 500 BTC before this time, it will be closed in advance.

In order to allow more users in the community to participate, we have also reduced the minimum investment amount from the first 0.25 BTC to 0.03 BTC (calculated at the author's deadline, approximately US$1,405). You may not have thought that earning passive income through BTC can be so simple and easy.

The expiry time of the second batch of funds and the first batch are both on October 10 (Sunday). The rewards paid in BTC will accumulate during this period (YLD rewards can be redeemed into the wallet at any time), so investors cannot redeem funds before the end of the lock-up period; if you need to withdraw funds, you need to submit an application, and the team will consider it according to the situation.

Open again in response to the needs of the majority of users

Based on the first 72 hours of opening (July 8 to July 11), the first batch of bitcoins will be open to Tier 5 members (that is, Tier 5 users with more than 20,000 YLDs). Once launched, the subscription situation was very hot. The subscription amount in the first 24 hours reached half of the total amount (250 BTC); the average user deposit was 1.2 BTC (valued at US$42,000 at the time).

(Basic data of the first batch of Bitcoin funds)

The final data shows that Tier 5 users deposited a total of 427 BTC during the opening period. When the second phase was opened to all users, the upper limit of 500 BTC was reached early before the deposit deadline. Therefore, this time the second batch of funds are opened, we also look forward to seeing the same strong demand, and we look forward to the participation of new and old users.

When YIELD App launched the Bitcoin fund for the first time in July, it said that it would consider whether it would reopen the fund's subscription based on user needs and market conditions. Fortunately, we will accept another 500 BTC in the second batch if the current conditions permit; this also doubles the total custody of the fund to 1,000 BTC.

Investors who have gone through the full lock-up period will receive their original funds and interest at the end. The user who initially invested 1.2 BTC will receive a reward of 1.218 BTC plus approximately 150 YLD.

The reward structure of YIELD App's "token multiplication" makes BTC funds very attractive to long-term Bitcoin holders, and now they can earn additional passive income from this digital asset during the holding period. The superior APY of this fund can not only help investors seize more upside opportunities when the market is booming, but also can "buffer losses" to protect the investment portfolio during downturns.

Higher USDC, USDT and ETH annual yield

The reopening of BTC funds is not the only good news in this wave! The current favorable market conditions also enable us to increase the annual rate of return for stablecoins and Ethereum funds.

The same time as the opening of the BTC fund, starting at 07:00 UTC on August 20, the annual yield of USDT and USDC funds will also be raised from 10% to 10.5%, and ETH will be raised from 6% to 6.5%. Both the stablecoin and Ethereum investment strategies have maintained market-leading returns, with annual yields of 20.5% and 16.5%, respectively.

In this regard, we are happy to increase the annual rate of return so that users can earn more interest as the market rises. The YIELD App team has been paying close attention to the ups and downs of the market, so if conditions permit, we will increase the rate of our investment strategy as much as possible, so that users can get more benefits.

The development of the digital asset market is changing with each passing day. A few months ago, everyone just experienced a severe downturn, and now the market is gradually recovering-not only the currency price is gradually rising, the market sentiment is also becoming more and more positive.

Regardless of the market conditions, YIELD App’s strategies can help users make the most of their digital assets while avoiding some of the risks associated with cryptocurrency during the participation process. We always look forward to and welcome new and old users to join our DeFi journey, invest in our competitive strategy, and help them achieve their financial goals!

[News]Red Velvet Joy broke in love? Male singer Crush Ai Miao began to sprout in 520 last year!

Red Velvet Joy has a passion for Crush, a 5-year-old male singer. Picture/taken from instagram

After more than a year of development and rest, the women's group RED VELVET under SM has finally returned with all members and released the 6th mini album "Queendom", once again becoming the summer queen of this year with a brisk brainwashing melody. Among them, Joy, who is "sexy", was recently pointed out by the "Korean Sports Daily" that his interactions with R&B singer Crush, who was 5 years older than her, surprised fans.

After experiencing Wendy's injury and captain Irene playing big names, the entire RED VELVET team returned to the stage with a strong return after a quiet period of nearly 1 year and 8 months. The live broadcast on the day of RED VELVET's return was refreshing, and after more than a year of precipitation, it became more feminine. During this period, Solo produced "Hello", won many beauty brand endorsements and HOGAN and TOD'S ambassadors Joy. More than ever, her die-hard fans are also paying for her hot and sexy. Joy not only has a great career, but also seems to have made new progress in her relationship. According to the "Korean Sports Daily", she is in love with R&B singer Crush, who is 5 years older than her, and may have been living together.

Joy and Crush collaborated on May 20 last year and released the song "자나깨나 (Mayday)" and filmed the MV. There was a lot of interaction at the time. Lovers. Crush, whose real name is Shin Hyo-sul, made his debut with the song "Red Dress" in 2012, and has since sang soundtracks such as "It's OK Is Love" and "Ghosts", and has won the Mnet Asian Music Awards for Best Male Singing Performance, creation The strength is obvious to all. Both Crush and Joy like fur kids, so it is reported that they like to walk the dog together when they are dating. Subsequently, the brokerage companies of the two parties responded that "the two were originally in a relationship between ancestors and ancestors, and they have recently begun to have a good impression and began to date", confirming the relationship between the two.

[Madman's Diary] Will the Fed Minutes tonight be a turning point in monetary policy?

Recently, the market has jumped up and down, the operation is relatively difficult, mainly due to the great divergence between longs and shorts. On the one hand, the money supply continues to tighten, and on the other hand, the data on the chain continues to support the bull market, making the battle between longs and shorts very difficult. It is fierce, and everyone can clearly feel the fluctuations in the near future, but there is no real direction. This wide-ranging trend is expected to continue. The United States will announce the number of unemployment benefits at 20:30 tonight, and the monetary policy minutes will be announced at 2:00 in the morning. At present, the expectation of shrinking the balance sheet is still very obvious. This has been reflected in the pre-market (down) trend of US stocks. Fed Brad said early in the morning that inflation may be higher in 2022 and will be forced to enter the anti-inflation mode. It would be a reasonable time to reduce debt purchases in the first quarter of this year and raise interest rates in the fourth quarter. It can be seen that the tightening expectations are coming forward, and it is expected that with the data tonight, there will be major fluctuations in the data, and the long-short competition will further escalate. See the specific analysis below, and wait and see.

Citibank’s chief foreign exchange strategist said that global central banks appear to be reducing monetary stimulus. Judging from the meeting minutes released yesterday, the Fed is also hinting at expectations for reduction this year. The madman also found a piece of data, in the past 4 years, the relationship between Bitcoin and global currency growth, to share with you:

We can clearly see that the currency growth rate and Bitcoin price are positively correlated, and we are still in the cycle of currency issuance. Whether this tightening callback can continue will determine the future trend of Bitcoin. Madmen believe that the big economic cycle has entered stagflation, so it is difficult to really reduce the release of water. After a short-term pain, continuing to rise is the most consistent result of the cycle and trend.

American legendary fund manager Bill Miller stated that he bought approximately $30 million in Coinbase stock in the second quarter of 2021, and said that he is optimistic about Bitcoin in the long term. The cognition of top traders must be much better than ours. People are still increasing their positions at a high level. What's so terrible about us.

Spinesmith Holdings, a German biotechnology company, began to hold Bitcoin for a long time and included it on its balance sheet. More and more institutions around the world began to hold Bitcoin. All positions below 60,000 will become the bottom range in the future. , Because the total amount of Bitcoin is limited, and the demand is growing rapidly.

The Minister of Finance of El Salvador stated that the use of Bitcoin is completely optional. Merchants can choose to accept or not accept Bitcoin. The U.S. dollar is still the main currency of El Salvador, and the Central Bank of El Salvador has issued a draft of Bitcoin-related banking supervision. I can feel that it is difficult for the people to accept Bitcoin as a legal currency. Therefore, the success of the Bitcoin experiment in El Salvador is more determined by whether Bitcoin can continue to rise.

MicroStrategy CEO stated that Bitcoin will become a $100 trillion asset class. Regardless of whether his judgment is ultimately correct, at least for now, he is one of knowing and doing, buying and holding bitcoins like crazy.

According to the data on the chain, holders above 100 BTC have reduced their holdings, while those below 1 BTC have increased their holdings. This is a mid-term performance of the bull market. At the same time, the inflow of Bitcoin in centralized exchanges has increased in the past two weeks, the price of the currency has fallen, the inflow has increased, and differences have occurred, which is in a good state.

The discount rate of GBTC fell to -16.56%, a record low in the past three months. It can be seen that many institutions have sold GBTC. When ARK reduced its holdings, madmen judged that GBTC would continue to fall, and ARK people did the same. Bands make money, not to give benefits. The recent market downturn is related to these band-making institutions.

As a result, the balance of Ethereum hit a new low, dropping to 13% of the total supply. At the same time, the amount of ETH2.0 locked up was close to 7 million. The relationship between supply and demand continued to improve, laying the foundation for future growth.

VanEck submitted an Ethereum ETF application to the SEC. Everything about Ethereum will not lose to the big pie, and the future can be expected.

Greed 70, has been unable to drop, is not conducive to rising.

Market analysis

Bitcoin：

In the early hours of the morning, Bitcoin pulled back the gains from last night. It is not ideal. Short-term 42,000 is a strong support. I am not sure whether there will be a chance to insert the needle before and after the Fed minutes is issued tonight. A sharp drop below 43000 is still a good short-term opportunity to increase positions. In addition, if the lower shadow line can be closed again this evening, it will be a relatively ideal form. Bitcoin's trend is full of uncertainty in these two days, and a big rise or fall is likely to be triggered. 48000 is still the key position for the long collection. Once it breaks through, the whole situation will change. Similarly, if 42000 is effectively broken down, the market will form a staged top. The madman overall believes that the bulls still have a slight advantage, and the final defeat of the bears is a high probability event.

ETH：

Ethereum has a certain degree of support at 2900, and funds are waiting to see the face of the big pie. There is no independent market, and linkage is the mainstay.

DOT：

Concussion is a relatively strong trend and can continue to be held.

XRP：

Short-term weak linkage.

LINK：

The bulls have collapsed, and it is difficult to reverse upward in the short term.

THERE IS:

We are still speculating about the expectation that the smart contract will be launched in September. When the time comes, we can see whether its ecology can be benchmarked with Ethereum. Buying in this position is speculation. The specific results can be seen after the landing. Holders can also consider taking half of the profit at a high position.

DOGE:

In the near term, linkage is the main focus, and the pressure below 0.4 is still great.

FIL ：

The recent volatility is dominated, the bulls do not have the ability to continue the independent rise in the market, and the selling pressure is quite large.

AXS：

The form has been carried back and forth, and there will be weakness behind the funds, and it is recommended not to participate.

SUSHI:

Step back on the support level, and whether you can get up later depends on tomorrow's performance.

AAVE:

There will be many public chains using it in the future. It is a good asset. The recent decline has been relatively large, so it can be avoided first.

SUN:

Continue the 5-day line tactics.

Some second-tier public chains have followed ADA and SOL out of the trend of supplementary gains, which are expected to be difficult to sustain, and it is recommended not to chase higher. The market is in a difficult period of choice, and wide fluctuations are the main tone. The end of this month will probably determine the trend of the next six months to one year. For a very important period of time, I hope that business as usual will bring us more wealth.

[Diary]Tell you a secret, how crypto will go next?

In the spring of 1975, the U.S. forces withdrew from the Vietnam battlefield. 46 years later, the U.S. forces withdrew from Afghanistan. Regardless of whether the Taliban regime can be stabilized or not, it has little to do with us. Now we should understand one thing. Repeating, is it accidental or inevitable? Will there be a similar future? The madman studied the big cycle in depth last night and discovered an amazing secret.

Anyone who has seen the Kangbo cycle knows that there is a cycle of about 60 years, and this time, the two withdrawals of the United States are just the iterations of a major cycle. Our era has entered a period of economic stagflation. What is stagflation? Just how much money is printed will not have a positive feedback on the economy. At this time, the money will flow into the virtual economy, that is, the stock market, commodities or gold. In the United States in the 1970s, there was a big stagflation. In the following years, the prices of various assets went up wildly, which also became a turning point in a new cycle. At the end of the article, the madman gave you a website. If you are interested, you can check it out for yourself. 1970 Years later, what happened in the United States. The madman here wants to draw a conclusion directly. The current crypto market superimposes the needs of the times, superimposes the economic stagflation cycle, superimposes the digital currency, and in the next few years, no assets will be able to outperform the cryptocurrency. This sentence madman You can pat your chest and put the words here. If the madman is still creating in a few years later, we can witness together. If you believe in the judgment of the madman, take the Bitcoin and Ethereum in your hand and wait for the miracle in a few years. happened.

Iran’s national tax regulatory agency proposes to legislate for legal cryptocurrency exchanges. The crypto industry has entered the process of legalization in Iran. Zf is still fighting for its own taxes, but this kind of country is barefoot and is not afraid of wearing shoes. Have the opportunity to complete the curve and overtake. The Indian side also said that India’s cryptocurrency bill is waiting for the cabinet to pass, and it is about to start supervision. Don’t look at the real economy, but the financial game is still quite good. The stock market is rising every day, indicating the financial situation. It is clear that cryptocurrency will also become an investment product in India, a populous country, and the army is about to rush in.

The Central Bank of Costa Rica is vigilant and tolerant towards cryptocurrencies, while leaving room for technological innovation, while at the same time making investors aware of the risks. This open attitude is worth learning.

Bank of America has given a neutral rating to Coinbase stock and believes that he is still far from becoming the Amazon of the crypto industry and is still in the early stages. A Binance’s annual revenue exceeds Nasdaq. It is also an exchange. The tradition is quickly overturned by the currency circle. These traditional financial analysts are still talking coldly and look down on emerging industries. This is really The collision between tradition and rookie is full of irony.

Similarly, the rating agency Fitch also warned Salvadoran insurance companies that the adoption of Bitcoin will have a negative impact on the credit of insurance companies, and the rating companies are not completely neutral. In the future, once cryptocurrency replaces the traditional financial model, Fitch may also become a victim. Objects of subversion, opaque things will eventually be replaced by blockchain technology.

JPMorgan Chase also said that there are signs of a bubble in Bitcoin investment, and they are more optimistic about the US stock market. These institutions have smelled the breath of risk. The cryptocurrency industry is developing too fast, with high thresholds, and work intensity and time are not comparable to traditional industries. It is normal for us to pay so much and make a little more money.

Cryptocurrency investment products have continued to flow out in the past six weeks, with a total value of 115 million U.S. dollars. This is the longest continuous outflow since 2018. Again, this is too little money and has little impact.

Investment giant Tiger Global bought $665 million in Coinbase stock. This company manages $79 billion in assets and spends nearly 1% on the allocation of crypto exchanges. These trends have become an unstoppable reality. Incremental funds will be in the future. Time will quickly come in.

Greed 72, not ideal in the short term.

Market analysis

Bitcoin:

48,000 did not pass, but the market showed strong resilience, meaning that it could not be adjusted. Remember the wave of 312. Many people thought it would be over after 60,000. As a result, the market abruptly pulled to 65,000, and those who got off the car had no chance. It’s the same this time. As long as the bull market continues, it won’t give those who have run out of the sky a good opportunity to get in the car. Since the market is not deeply adjusted at present, we are still thinking long and continue to buy and hold. The distance of 1 million bitcoins is only 30 times, and it takes minutes to go up.

ETH:

It is also unable to adjust, and there is a chance to continue.

DOT:

Recently it has been hyped up very fiercely, but compared with other public chains, it is not strong, and the 5-day line will be held if it is not broken.

XRP:

The weak are always weak.

LINK:

It's not broken, you can hold it.

ADA:

There is still some selling pressure in the front high position, and it is normal to adjust it. It is too difficult to directly go up.

ZEC:

Recently, the K-line has been moving quite steadily, and there is a chance to speed up.

AXS:

The income remains at 11 million US dollars a day, and the demand is still sufficient at high levels. It refuses to pull back and is expected to continue to new highs.

MATIC:

Acquiring Hermez and completing the L2 full expansion plan, Polygon basically dominates this track, and the leader of the expansion plan of Ethereum belongs to him and deserves it. Before the real arrival of Ethereum 2.0, his living space is still good, and how to transform in the future, let's take a look.

SUSHI:

Independent rise, just hold on the 5-day line.

AAVE:

The amount of locked positions exceeded 24 billion U.S. dollars, mainly locked in Ethereum, and 4.37 billion locked in Polygon. This coin is a very good APP (application) that can survive on any system (public chain). After all, people do global P2P, purely copy traditional finance, and use blockchain to reduce dimensionality to combat tradition.

SOL:

Recently, Afro series are very fierce, such as SRM, SUSHI, RAY, SOL, etc., this kind of rise can only be held along the trend, just watch it if you have no position.

The market's refusal to pull back is a strong signal for bulls. Consider picking up the discarded chips.