Selling 1.384 billion yuan, DCG exploding, BNB plummeting, US regulation, and Lao Xu lying down won.

I still remember a few years ago, when the domestic market was dominated by the American market, they cursed every day. Now, when the American market is dominated by the American market, the domestic market curses every day, and feng shui takes turns, not losing

I still remember a few years ago, when the domestic market was dominated by the American market, they cursed every day. Now, when the American market is dominated by the American market, the domestic market curses every day, and feng shui takes turns, not losing.

But after cursing, it usually stops cursing for a year.

One day in the coin circle, one year in the human world.

A few days ago, there was still a harmonious voice in the market. The interest rate hike in 2023 came to an end, and the market sentiment at the end of the period has eased. Everyone is full of hope for the future.

Subsequently, there were hawkish statements from the Fed's big shots, the risk of DCG giants being exposed to thunderstorms, and the need for regulation, as stated by Treasury Secretary Yellen.

At this critical moment, Changpeng Zhao went to the United States, BNB plummeted, then Ethereum fell, and the pie fell.

Over the past 24 hours, there has been a sell-off of 1.382 billion yuan, mostly in multiple orders.

Among them, DCG related tokens have plummeted across the board, with some sources suggesting that they may be related to DCG.

The US Treasury Secretary and big shots are calling for empty encryption circles, which is the norm, and regulation is not the first of its kind in the US. It's nothing. The key is that the DCG thunderstorm and Changpeng Zhao are relatively large short-term risks, which are also the direct factors of last night's collapse.

Take a look at this DCG.

There are many encryption companies under DCG, the most well-known of which is grayscale, followed by Genesis.

To be honest, Genesis is is DCG's biggest debt and cannot afford it. In the Three Arrows Capital Thunderstorm in May this year, DCG assumed $1.2 billion in debt for Genesis, and after the second FTX strike, Genesis received $140 million in equity injection from DCG to optimize its balance sheet and consolidate its position in the crypto market.

But this series of rescue plans did not work, and Genesis still failed to revive it, which also brought down DCG, the parent company of Grayscale.

Today, it was reported that a cryptocurrency exchange in the Netherlands has 280 million euros in DCG, which cannot be withdrawn due to liquidity.

In addition, there is an inseparable investment relationship and fund exchange between Genesis and grayscale.

This inevitably raises doubts, is there something wrong with the grayscale? If it is, it will be a more huge thunder, because the gray scale can have 630000 big cakes, astronomical.

Is there a problem with the grayscale? Unknown.

However, Gray founder Barry Silbert has rarely tweeted in the past six months (except for some tweets), which is in stark contrast to last year's bull market.

Personally, I believe that DCG and Genesis have a higher probability of thunder. Gray scale, with its fund attributes, is a type of lying profit, and the possibility of thunderstorms is extremely small.

Next, let's talk about Qian An and Changpeng Zhao.

Changpeng Zhao has been rumored to have gone to the United States since Reuters revealed that Yuan An was investigated.

And in last night's sharp drop, BNB's direct peak plummeted by nearly 30%, inevitably leading people to speculate that Lao Zhao had an accident?

Because in the history of BNB in the past, apart from major events, it was basically the most resilient token.

But as an exchange platform currency that has nothing to do with DCG, its sharp decline is somewhat strange.

According to today's noon data, due to various events, the position of Coin An on the exchange has decreased by nearly $15 billion in the past week, which has already shrunk by nearly half since the FTX crash.

So Changpeng Zhao killed FTX, which triggered a series of subsequent thunder storms, and ultimately affected the security of money. Is this self inflicted, and does it feel like lifting a stone to hit his own feet.

I believe that Lao Zhao himself would also slap his face, not only killing the entire coin circle, but also killing himself. At this step, he made a mistake and even didn't expect it.

Changpeng Zhao has no accident, but he needs to tweet at any time to prove that he has no accident. He said some heartless chicken soup just to prove that he has no accident, which is obviously powerless.

In this incident, the most profitable exchange was Euronext.

Under the influence of numerous news, last night saw a general decline, with stable OK tokens and stable exchanges. Without a word from Lao Xu, he successfully occupied the market and gained a huge market share, which foresaw the rise of Ouyi in the future.

Changpeng Zhao deserved to die. All this thunder and supervision could not be separated from his selfishness and the "hypocritical sense of justice" he showed. Without his selfishness, everyone might have had a good year.

One more thing to say: everyone knows that the coin is cool and uncomfortable, but it doesn't mean that if the coin is cool, the circle will disappear. Therefore, a gentleman does not set up a dangerous wall. I will take a step first, and beginners should pay attention to transferring risks.

Regarding future market trends.

The day before yesterday from 3 to 4 o'clock in the morning, Da Bing celebrated the interest rate hike of the past year with a heaven and earth needle. At this point, the path of interest rate hike in 2022 came to an end.

The CPI meets expectations, and the interest rate hike meets expectations. Why did it rise and fall again?

Both the CPI index and interest rate hikes are actually expected. On the surface, people believe that meeting expectations is even a good thing, but the path to CPI index and interest rate hikes is still long, and it is expected that it will be difficult to completely end next year.

The past experience and lessons learned, as a result of early relaxation, have led to severe inflation in the US economy, which was also mentioned by hawkish leaders yesterday.

So currently it's a phased processHigh intensity interest rate hikesThe end, but not the end of interest rate hikes. The U.S. economy is still fragile, the U.S. stock market foam is still very big in the past decade, and inflation is still very serious. Therefore, when the big guys make clear these problems, the rebound will naturally stop abruptly and plunge into a slump.

In previous articles, the editor reminded us to be vigilant about Powell's speech, as there is a high possibility of hawkism.

But so many things could happen in the future, which was unexpected by the editor. Fortunately, the position has been well controlled and the losses are not significant as we have been working on the band.

In the final analysis, one should always be able to consider and prepare for such unexpected situations, which I believe is the essential quality for qualified investors.

After two experiences with Xiong Niu, domestic retail investors should be very mature, so I believe that the ones who suffered the most losses in this wave are still foreign users, because they have not yet experienced a real regulatory storm.