$BTC 104k Done ✅ | Amir Rajpoot 币导 on Binance Square

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Amir Rajpoot 币导

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$BTC  104k Done ✅
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Amir Rajpoot 币导

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Star Chain (00399.HK), a well-known “crypto concept” stock in Hong Kong, issued a pre-market announcement on November 17 stating that the Hong Kong Stock Exchange has ordered the company to suspend trading starting November 26. The decision comes after the exchange raised concerns about Star Chain’s ability to meet the requirements for continued listing. The stock reacted sharply, crashing 73% in a single day and closing at just 0.064 HKD, now down 91% from its late-July peak. This collapse reflects mounting doubts over the company’s operational viability. According to the exchange, Star Chain violated Rule 13.24, which requires listed companies to maintain sufficient business operations and adequate asset value to justify continued listing. Regulators concluded that the company lacks both the scale of operations and the asset backing necessary to remain listed. In response, Star Chain said it will apply for a review with the Listing Committee, though such reviews rarely overturn the exchange’s judgment unless the company can present a clear operational turnaround plan or substantial new assets. The situation underscores a broader trend: regulators in Hong Kong are tightening scrutiny on speculative “crypto-linked” companies, pushing for genuine business fundamentals rather than hype-driven valuations.

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According to the latest data from CoinMarketCap, the CMC Altcoin Season Index has reached 32, signaling that the market is still leaning toward Bitcoin dominance rather than a broad altcoin breakout. The index tracks performance across the top 100 cryptocurrencies, comparing how many altcoins are outperforming Bitcoin over a set period. A reading closer to 100 would indicate a strong rotation into altcoins, while values near 0 reflect a Bitcoin-led market. With the index sitting at 32, the market is showing early altcoin activity, but not enough to signal a true “altcoin season” yet.

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purpose-built Layer-1 for finance Injective

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If you’re new to crypto, Injective is one of the clearest examples of how a blockchain can actually solve real financial problems instead of just adding noise. What makes @Injective stand out isn’t only its speed or low fees & it’s the long-term vision of rebuilding global markets onchain in a way that any developer, institution, or everyday user can tap into. Injective is rolling out its own native EVM, which means developers can use familiar Ethereum tools while accessing Injective’s ultra-fast environment. For a beginner, this simply means the apps built on Injective will feel smoother, cheaper, and more reliable. With 40+ dApps ready to deploy, the ecosystem is gearing up for an expansion that few chains can match. But the real differentiation is how Injective bridges traditional finance with crypto. A publicly traded NYSE company, Pineapple Financial, is already building a $100M INJ treasury with a strong signal of institutional trust. And with an upcoming US ETF, people who aren’t even in crypto will be able to access $INJ directly through Wall Street. Injective is also pioneering the tokenization of real-world assets. Stocks, gold, FX, digital asset treasuries things normally locked inside banks are now moving onchain for the first time. For newcomers, this represents an important shift: crypto isn’t just trading tokens anymore; it’s becoming the core infrastructure for global finance. Injective’s long-term vision is simple but powerful: a transparent, programmable financial system where assets across the world can move freely and instantly and anyone can build on top of it. @Injective #injective $INJ

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