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Recently, the cryptocurrency market has been in a period of mixed long and short factors. On the one hand, the market has experienced significant fluctuations and stablecoin risk events; On the other hand, regulation, new products, and macro policies are also continuously influencing the market.
1. Market performance: The market has experienced a significant pullback and a mild rebound. Market sentiment is fragile, but there are signs of bottoming out; Improved leverage level and selective reinvestment of capital
2. Risk event: Severe de anchoring of algorithmic stablecoins such as USDX triggers DeFi protocol chain clearing, exposing the vulnerability of algorithmic stablecoins in highly volatile markets
3. Regulatory Update: Bank of England announces stablecoin regulatory proposal to set individual/corporate holding limits for stablecoins, aimed at inclusion in regulation and protecting investors
The Brazilian central bank requires cryptocurrency services to be authorized and has banned the trading of algorithm based stablecoins
4. Ecological progress: Tether's new minting of 1 billion USDT on Ethereum usually indicates strong market demand and may prepare for potential capital inflows
How should we make a single order based on the current market situation? The live broadcast room is currently being analyzed
Tencent Meeting: 6321551049
Disclaimer: The above content only represents the author's personal opinion and is intended to assist investors in understanding information related to the capital market. It does not constitute any investment advice and does not represent the position or viewpoint of AiCoin. The market is risky and investments should be made with caution.