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What is the rebate on transaction fees?
Imagine this: every time you make a trade at the exchange, you have to pay a "toll fee," which is the transaction fee. The rebate, on the other hand, is the exchange's way of saying thank you for being so active (and so involved), and they decide to give you a little red envelope from this "toll fee!"
This is not about whether you're making a profit or a loss; as long as you trade, you get a share! In simple terms, it's a long-term discount voucher from the exchange that helps you reduce your trading costs. Don't underestimate this small change; little by little, it could be what keeps you in the market a bit longer, like a "lifeline."
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🧮 Transaction Fees: The Silent "Gold Devourer"
Why should you care about these transaction fees? Let's do some interesting math and see how big this "gold devourer" is!
Assuming you are a bold trader with a capital of 10000U. Every time you make a move, you go in with a 20x leverage.
• Your position value becomes: 10000U × 20 = 200000U.
• Assuming the platform's transaction fee rate is 0.07%, then for this trade, regardless of profit or loss, you first deduct: 200000U × 0.07% = 14U!
Here comes the exciting part:
• If you make 3 trades a day: 140U/trade × 3 = 420U just flew away.
• In a month (assuming 30 days): 420U/day × 30 = 12600U!
Wow, the transaction fees for a month have already exceeded your capital! Do you still think transaction fees are just a small drizzle? It's like a "breathing tax" that's always being calculated while you trade!
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😎 Rebate: Your Exclusive "Healing" Add-on
At this point, the rebate, this "money-saving add-on," becomes incredibly lovable! Assuming your rebate rate is 40%:
• Still using the previous 140U transaction fee, the platform will return to you: 140U × 40% = 56U.
• The actual transaction fee you pay becomes: 140U - 56U = 84U.
What does this mean?
• When you are at a loss, the rebate is a precious "healing pack," allowing you to lose a bit slower and giving you a chance to wait for dawn.
• When you are in profit, the rebate is an extra "bonus," making the fruits of victory even sweeter!
Everyone is welcome to fill in my invitation code: 20SHOUXUFEI. Spot trading gives everyone a 20% rebate, and contract trading also gives everyone a 20% rebate (I can even set it to 30% in the backend), and once adjusted, the rebate ratio will be permanent.

I miss 20 years ago!

Welcome to report, catch someone? Today, the Internet Finance Association, formed by the central bank, the Securities Regulatory Commission, the Banking Regulatory Commission, and other government departments, officially issued a new round of regulatory crackdown documents on the cryptocurrency sector.

Special note: If any activities related to virtual currencies or RWA are found within mainland China, please promptly report them to the regulators and file a complaint.

Compared to the previous round tightening in May 2021, this time the following has been added:

· Related communities and guidance for registering and trading are illegal

· Real World Asset tokenization activities (RWA) are illegal

· Internet companies, listed companies, payment institutions, etc., must not provide any support for such activities or offer financial services to mining enterprises.

This also means that in the future, there will be no compliant blockchain, compliant RWA, or compliant tokenized financial products within mainland China. Those who act as agents, drive traffic, or provide customer service for exchanges and token-related businesses will also be held accountable.

What the hell, why did Bitcoin suddenly crash?

What is the rebate on transaction fees?
Imagine that every time you "shop" on the exchange, you have to pay a "toll fee," which is the transaction fee. As for the rebate, it's the exchange showing appreciation for your enthusiasm (for your ability to trade), and deciding to return a small red envelope from this "toll fee" to you!
This is not about whether you made a profit or a loss; as long as you traded, you get a share! In simple terms, it's a long-term discount coupon from the exchange to help reduce your trading costs. Don't underestimate this small change; when accumulated, it might just be the "lifeblood" that allows you to last a bit longer in the market.
------
🧮 Transaction Fees: The Silent "Gold Devourer"
Why care about these transaction fees? Let's do an interesting calculation and see how big this "gold devourer" really is!
Assume you are a hero with a capital of 10000U. Every time you act, you wield a 20x leverage.
• Your position value becomes: 10000U × 20 = 200000U.
• Assuming the platform's transaction fee rate is 0.07% (0.07%), then for this order, regardless of profit or loss, it first deducts: 200000U × 0.07% = 14U!
The excitement comes:
• If you place 3 orders in a day: 140U/order × 3 = 420U just flew away.
• In a month (calculated over 30 days): 420U/day × 30 = 12600U!
Wow, the transaction fees for a month have already exceeded your capital! Do you still think transaction fees are just a drizzle? It's like a "breathing tax" that is always being calculated when you trade!
------
😎 Rebate: Your Exclusive "Recovery" Power-Up
At this moment, the rebate, this "money-saving power-up," becomes incredibly adorable! Assume your rebate ratio is 40%:
• For the above 140U transaction fee, the platform will refund you: 140U × 40% = 56U.
• Your actual transaction fee then becomes: 140U - 56U = 84U.
What does this mean?
• When you incur losses, the rebate is a precious "recovery pack," allowing you to lose slower and have a chance to wait for dawn.
• When you are profitable, the rebate is an extra "bonus," making the fruits of victory even sweeter!
Welcome everyone to fill in my invitation code: 20SHOUXUFEI, giving everyone a 20% rebate on spot trading and a 20% rebate on contracts (I can even adjust it to 30% in the background), and once adjusted, the transaction fee rebate ratio is permanent!

This time, no new policies were released, but it reiterates the 2021 924 policy and the 2017 94 policy.

First, the conclusion: personal cryptocurrency trading is not illegal, using bank cards for deposits and withdrawals is a violation but not illegal.

In 2017, cryptocurrencies were named virtual currencies and classified as virtual goods. Virtual currencies are not legal tender because only the renminbi is legal tender in our country; virtual goods only have the attributes of goods, not monetary attributes.

The 2021 924 policy cut across all businesses in the web3 industry, prohibiting foreign cryptocurrency companies from operating for domestic users and prohibiting domestic institutions and individuals from serving or working for foreign cryptocurrency companies. It also prohibits banks and other financial institutions from providing payment and settlement services for virtual currency transactions.

Finally, to reiterate, currently, personal cryptocurrency holding and trading is not illegal, but using bank cards for transfers (cash is allowed) is prohibited; otherwise, it is a violation but not illegal. A violation is against the central bank's regulations, but the central bank is neither a legislative body nor an enforcement agency. Even if there is a violation, the central bank can only suspend your bank card, and suspension targets the card number, not the person. You can cancel and reapply for the card without being affected. According to the bank's anti-money laundering department, "I cannot give you this advice (to cancel and reapply), but if you choose to do so, we cannot stop you."

Additionally, all convictions related to deposits and withdrawals stem from three reasons: first, money laundering; second, illegal foreign exchange; third, aiding and abetting crimes (knowing the premise, handling funds involved in blackmail and fraud).

Finally, to reiterate, personal cryptocurrency trading is not illegal, using bank cards for deposits and withdrawals is a violation but not illegal.

Coincidentally, the Beijing Business Daily, which is affiliated with the Beijing Municipal Party Committee, recently published a report titled "The Army of Coin Speculators Flooding Social Platforms" on its homepage.

It points out that the phenomenon of coin speculation communication has infiltrated platforms such as Xiaohongshu, Taobao, and Xianyu. On the surface, it appears to be sharing benefits for newcomers and industry reports, but in reality, it is about attracting users to register on cryptocurrency exchanges.

Currently, a leading exchange's official account on Xiaohongshu has recently been shown to be banned.

Previously, this Xiaohongshu account was registered under a U.S. company, which was once interpreted as a sign that domestic social media was beginning to relax restrictions on crypto content, but it has now faced a severe crackdown.

A new round of cryptocurrency regulation has officially arrived. Following Xinhua News Agency and WeChat, the People's Bank of China has just issued a statement indicating that it has coordinated with 11 government departments including the Ministry of Public Security and the Cyberspace Administration, planning to crack down on the phenomenon of virtual currencies within China.

The content references the regulatory storm from May 19, 2021, highlighting the recent rise in speculation and hype surrounding virtual currencies within China.

It also reiterates that activities related to virtual currencies are considered illegal financial activities within the country, and this time it specifically mentioned stablecoins.

Crack down on cryptocurrency speculation, maintaining high pressure!

Just yesterday, the central bank held a meeting with the Ministry of Public Security, the Supreme Court, the Supreme People's Procuratorate, and 10 other departments to launch a combined strike against the speculation of virtual currency trading.

This crackdown is characterized by a higher level of collaboration and a broader scope compared to previous actions.

The targets of the crackdown mainly focus on the following areas:

1/ OTC trading: Personal or coin merchants conduct deposit and withdrawal activities through Alipay, WeChat, and bank cards. WeChat Pay has previously used big data to shut down a large number of accounts involved in virtual currency trading, and the capital chain has become a key monitoring target.

2/ Stablecoin activities: The meeting once again clearly warned about the illegal cross-border trading and money laundering risks associated with 'stablecoins'. Using stablecoins for trading will become a key focus of the next phase of the crackdown.

3/ Illegal fundraising and fraud: Any fundraising, pyramid schemes, or financial fraud activities promising high returns under the guise of virtual currency.

Still, the same saying goes: for the vast majority of retail investors, 99% of legal risks arise at the 'deposit and withdrawal' stage.

After this meeting, the intensity of the crackdown will be further strengthened, and deposits and withdrawals must be approached with utmost caution. Channels such as Hong Kong cards may become a necessity.

What is the rebate on transaction fees?
Imagine that every time you make a transaction on the exchange, you have to pay a "toll fee", which is the transaction fee. The rebate, on the other hand, is the exchange's way of saying thank you for being so active (and for all your efforts), and they decide to give you a little red envelope back from this "toll fee"!
This isn't based on whether you make a profit or a loss; as long as you trade, you get a share! In simple terms, it’s a long-term discount voucher from the exchange to help you reduce trading costs. Don’t underestimate this little change; it can accumulate to a significant amount and may be the "lifeblood" that keeps you afloat in the market for a bit longer.
------
🧮 Transaction Fees: The Silent "Gold-Eating Beast"
Why should we care about these transaction fees? Let's do some fun math and see how much this "gold-eating beast" can consume!
Suppose you are a hero with a capital of 10000U. Every time you act, you do so with great flair, using 20x leverage.
• Your position value becomes: 10000U × 20 = 200000U.
• Assuming the platform's transaction fee rate is 0.07%, then for this transaction, regardless of profit or loss, you first deduct: 200000U × 0.07% = 14U!
Here comes the exciting part:
• If you make 3 trades in one day: 140U/trade × 3 = 420U just like that.
• In a month (assuming 30 days): 420U/day × 30 = 12600U!
Wow, the transaction fees for a month have already exceeded your capital! Do you still think transaction fees are just a small drizzle? It’s like a "breathing tax" that is always being charged during your trading!
------
😎 Rebates: Your Exclusive "Health Recovery" Add-On
At this point, the rebate, this "money-saving add-on", becomes incredibly lovable! Suppose your rebate ratio is 40%:
• Still using the previous transaction's 140U fee, the platform will refund you: 140U × 40% = 56U.
• Your actual transaction fee then becomes: 140U - 56U = 84U.
What does this mean?
• When you are in a loss, the rebate is a precious "health recovery pack", allowing you to lose more slowly and giving you a chance to wait for the dawn.
• When you are in profit, the rebate is an extra "bonus", making the fruits of victory even sweeter!
Everyone is welcome to use my invitation code: 20SHOUXUFEI. Spot trading gives everyone a 20% rebate, and contract trading also provides a 20% rebate (I can adjust it to 30% in the background if needed); once adjusted, the rebate ratio on transaction fees will be permanent.

On November 28, according to GMGN market information, the Solana ecosystem meme coin WOJAK's market value briefly surpassed 60 million USD, currently reporting 58.58 million USD, with a 24-hour increase of over 38%.

On November 28, according to Glassnode data, the main supply concentration areas for Bitcoin are between $93,000 and $96,000 and between $100,000 and $108,000. It is expected that buyers will encounter some level of resistance in this area in the near term.

On November 28, according to DefiLlama data, the total market value of stablecoins has reversed its decline in the past week, currently reported at 305.578 billion USD, with an increase of 0.8%.

Among them, USDC is the main source of growth, with its circulating market value increasing by 3.31% over the past week.