1. #HSK A big policy gift has arrived!
Hong Kong license upgrade! Guotai Junan International has just obtained an upgraded license from the Hong Kong Securities and Futures Commission, allowing them to engage in virtual asset trading! This indicates a definite commitment to compliant virtual assets in Hong Kong! Major institutions are entering, and market confidence is soaring!
(Stablecoin Regulations) Effective in August! Hong Kong's compliant ecosystem is becoming increasingly完善, providing a strong boost to the entire industry! As a representative of the 'Hong Kong Compliance System', HashKey's own child HSK will naturally benefit from this wave of dividends!
Guangdong-Hong Kong collaboration for big events! HashKey just signed a cooperation agreement with the Guangzhou Data Exchange (June 17) to create a 'Digital Asset Cross-Border Flow Pilot Zone' in Nansha, Guangzhou. Imagine, HSK might be used for cross-border data transactions between Guangdong and Hong Kong in the future? This application scenario opens up huge possibilities!
2. HSK is performing well, the ecosystem is taking off!
HashKey is powerful! Their business footprint is huge: global compliant exchanges (HashKey Exchange, HashKey Global), investment, asset management, tokenization... all are steadily developing. Especially HashKey Global, with daily trading volumes peaking at 250 million dollars! The more prosperous the ecosystem, the more useful HSK becomes.
HSK has many uses! In the HashKey ecosystem, HSK can be used to discount transaction fees, custody fees, and access research reports... Demand is rapidly increasing, so how can the price not follow suit?
Key weapon: Burning money (burning coins)! HashKey promises to use 20% of the net profit from part of its platform business to repurchase and destroy HSK! The more profitable the business, the more HSK will be burned, and the fewer coins will be in circulation. Yesterday, in a moment of excitement, thinking 'this coin will be even scarcer in the future!', the buying pressure skyrocketed!
3. Good overall environment + tech enthusiasts following suit!
The bull market is back! Recently, Bitcoin has led the charge to new highs, and the entire cryptocurrency market is showing signs of warming up. Money is also flowing in, and people's confidence is growing. The unique concept of HSK as 'the world's first compliant ecosystem coin' has instantly become sought after, and funds will scramble to buy!
The technical chart looks great! Observers noticed that HSK previously formed a 'W-bottom' around 0.4, and yesterday it broke through the downward trend line with significant volume! Technicians saw it as a 'Wow?, take-off signal! Go!' The buying pressure kept increasing, and the price was directly pushed up!
Summary: Policy tailwind + self-driven ecosystem efforts (especially expectations for destruction) + bull market funds + technological breakthroughs, Buff is fully charged! The surge of HSK is a result of favorable timing, conditions, and people! However, it must be said, rising this much in one day involves great volatility, requiring a strong heart! How it will proceed next still depends on whether these good news can continue to materialize.
