Hong Kong Securities and Futures Commission Expresses Support for the Compliance Process of Digital Asset Funds
On October 20, the Hong Kong Securities and Futures Commission clearly stated at a special seminar that it will actively promote the compliance development process of digital asset funds and tokenized funds. Dr. Ye Zhiheng, Executive Director of the Commission's Intermediaries Division, pointed out that it will focus on building a safe, reliable, and sustainable digital asset ecosystem by improving risk management mechanisms and strengthening investor rights protection. During the meeting, various parties engaged in in-depth discussions on topics such as balancing risk management and technological innovation, and called for the industry to deepen collaboration to jointly enhance compliance management capabilities.
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Wishing everyone a prosperous and joy-filled Diwali! May this Festival of Lights bring you not just happiness and success — but also clarity in your trades, strength in your conviction, and growth in your portfolio. 💰
Just like Diwali celebrates the victory of light over darkness, may your crypto journey shine brighter with every block mined and every trade learned. 🌟
As the markets flicker with volatility, remember — patience, discipline, and good vibes always light the way forward. 💫
Here’s to a new season of wealth, wisdom, and winning trades! Stay positive, stay smart, and let your portfolio sparkle like the diyas tonight. 🔥
$XRP 🔍 What’s happening: 1. $1 B treasury raise led by Ripple Labs: According to a report by Bloomberg, Ripple is leading an effort to raise US$1 billion to establish a new XRP digital asset treasury. Why it matters: A sizable treasury raise suggests institutional ambitions and longer term planning for XRP as an asset or instrument.What to watch: How the funds will be used, how transparent the arrangement is, and whether it results in increased XRP utility or demand. 2. Payment adoption in U.S. pharmacies: A project called Wellgistics is enabling XRP payments for about 6,500 independent U.S. pharmacies using the XRP Ledger. Significance: Real world use cases (especially payments) raise the utility profile of XRP.Consideration: Adoption is still relatively early; execution matters (speed, cost savings, regulatory compliance). 3. On chain signs of potential topping & profit taking: Analysts note that about 94% of XRP holders are currently in profit, which on past occasions has preceded local price pullbacks. Implication: While a strong utility story exists, from a technical/sentiment view the risk of a short/mediumterm pullback is elevated.Risk: Even good news can be discounted if traders feel the “top” is near and start selling. 4. Macro and cycle pressure on price: Crypto markets (including XRP) are undergoing periods of weakness amid broader risk asset sell offs and the notion that “the four year cycle” may be less applicable now. Takeaway: External factors (e.g., geopolitical, regulatory, macroeconomic) still play a big role.Watch: Broader crypto sentiment may impact XRP even if its internal fundamentals are strong. 5. Technical/forecast commentary: Various analyses suggest bullish targets for XRP (e.g., $5.50–$9.00 by end of year under certain conditions) but also warn of downside risk scenarios (e.g., 30-40%+ drop if key supports break) Interpretation: The price may have upside but also meaningful risk in a volatile environment.
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$BNB still the same $BNB , just the market has changed When do you think it will take off next time?🤔 🧧Send Red Packet🧧#BNB $BNB $ZBT $HOLO #Binance HODLer Airdrop ZBT
Two Must-Watch Macro Events This Week | High Volatility Warning Market volatility will increase significantly this week. Two macro events are virtually dictating the market's trajectory: U.S. Treasury auctions (Wednesday/Thursday) and the September U.S. CPI (Friday). ① Wednesday and Thursday: Two U.S. Treasury bond auctions This week, the U.S. Treasury will hold two important Treasury auctions. Wednesday (the 23rd): A 20-year Treasury bond auction, which will have a relatively limited impact on long-term interest rates. Thursday (the 24th): A 5-year TIPS (Treasury Inflation-Protected Securities) auction, with approximately $26 billion in proceeds. The key point is this TIPS auction—if the transaction rate is high, it indicates that real interest rates are still rising, which will directly pressure altcoins and high-risk assets. The reason is simple: when the risk-free real rate of return rises, institutions and large funds prefer to hold stable-yielding assets rather than continue to gamble on liquidity and narrative in the crypto market. In other words: rising TIPS rates = short-term bearish for the altcoin market.
② Friday (the 24th): US September CPI data released. The delayed September CPI will be officially released this Friday, marking a real "high volatility" point for the market. Mainstream institutions predict: Month-on-month growth of +0.4% Year-on-year growth of +3.1% This data will have a more significant impact on the crypto market (especially altcoins). The delayed release means the market will be without authoritative inflation data for an extended period, and various speculations and alternative indicators have widened divergences. As a result, once the data is released, the market will experience a concentrated repricing: Interest rate expectations, risk appetite, and capital flows will all adjust instantly. Structurally, the overall CPI is likely to be higher, primarily driven by energy prices. However, the key focus will be whether the core CPI rises. This will determine the pace of the Fed's rate cuts at the end of October and whether crypto market sentiment can continue to recover.
A cooling-off period before volatility Although the "four-year cycle" sounds like a myth, the current macroeconomic environment has entered a critical turning point. The combination of real interest rates, inflation data, and investor sentiment suggests that every market rebound this week is more like a breather before the storm. Before the release of the big data, controlling positions, maintaining calm, and adopting cautious optimism may be the best strategy.