ming114364

#Hong Kong Stablecoin New Regulations #Hong Kong Stablecoin New Regulations
On August 1, 2025, Hong Kong's "Stablecoin Ordinance" officially comes into effect, marking the establishment of the world's first comprehensive regulatory framework for fiat stablecoins. This historic initiative makes Hong Kong the first jurisdiction to implement thorough regulation of stablecoins, injecting unprecedented institutional certainty into the turbulent digital asset market. According to the new regulations, any entity issuing fiat stablecoins in Hong Kong, or issuing stablecoins pegged to the Hong Kong dollar value overseas, must apply for a license from the Hong Kong Monetary Authority. Non-bank institutions must meet a high threshold of 25 million Hong Kong dollars in paid-up capital, and the reserve assets must be 100% high liquidity assets and independently custodied with licensed banks. Holders have the unconditional right to redeem fiat at face value, and issuers must process redemption requests within one working day. Existing stablecoin issuers must submit their license applications by November 1, or enter a winding-up period. 01 Why does Hong Kong need to issue stablecoins? Seizing new heights in digital finance Hong Kong's breakthrough in stablecoin regulation is backed by three strategic considerations. Consolidating its status as an international financial center. In the context of financial hubs like New York, London, and Singapore competing for positioning in digital assets, Hong Kong is seizing the initiative in rule-making through "legislative foresight" to attract international institutions like Circle and Tether to establish their Asia-Pacific headquarters. $ENA

#CFTCCryptoSprint #Hong Kong Stablecoin New Regulations #Hong Kong Stablecoin New Regulations
On August 1, 2025, Hong Kong's "Stablecoin Ordinance" officially takes effect, marking the establishment of the world's first comprehensive regulatory framework for fiat-backed stablecoins. This historic initiative positions Hong Kong as the first jurisdiction to implement in-depth regulation of stablecoins, injecting unprecedented institutional certainty into the turbulent digital asset market. According to the new regulations, any entity issuing fiat-backed stablecoins in Hong Kong, or issuing stablecoins pegged to the Hong Kong dollar overseas, must apply for a license from the Hong Kong Monetary Authority. Non-bank institutions must meet a high threshold of 25 million HKD in paid-up capital, and reserve assets must be 100% high liquidity assets and independently custodied at a licensed bank. Holders have the unconditional right to redeem fiat at face value, and issuers must process redemption requests within one working day. Existing stablecoin issuers must submit their license applications by November 1, or they will enter a winding-up period. 01 Why does Hong Kong need to issue stablecoins? Seizing the new heights of digital finance. Hong Kong's breakthrough in stablecoin regulation reflects three strategic considerations. Consolidating its position as an international financial center. Amid competition among financial hubs like New York, London, and Singapore to establish a foothold in digital assets, Hong Kong aims to seize the authority of rule-making through "legislative first" and attract international institutions such as Circle and Tether to set up their Asia-Pacific headquarters.

#创作者任务台 #Hong Kong Stablecoin New Regulations #Hong Kong Stablecoin New Regulations
On August 1, 2025, Hong Kong's "Stablecoin Ordinance" officially takes effect, marking the establishment of the world's first comprehensive regulatory framework for fiat-backed stablecoins. This historic initiative positions Hong Kong as the first jurisdiction to implement in-depth regulation of stablecoins, injecting unprecedented institutional certainty into the tumultuous digital asset market. According to the new regulations, any entity issuing fiat-backed stablecoins in Hong Kong or stablecoins pegged to the Hong Kong dollar issued overseas must apply for a license from the Hong Kong Monetary Authority. Non-bank institutions must meet a high threshold of HKD 25 million in paid-up capital, and reserve assets must be 100% high liquidity assets and independently custodied with a licensed bank. Holders have the unconditional right to redeem fiat at face value, and issuers must process redemption requests within one working day. Existing stablecoin issuers must submit their license applications by November 1, or they will enter a winding-up period. 01 Why does Hong Kong need to issue stablecoins? Seizing the new heights of digital finance. Hong Kong's breakthrough in stablecoin regulation is underpinned by three strategic considerations. Consolidating its position as an international financial center. In the context of financial centers like New York, London, and Singapore competing to lay out digital assets, Hong Kong is seizing the initiative in rule-making through "legislative foresight," attracting international institutions like Circle and Tether to establish their Asia-Pacific headquarters.

#香港稳定币新规 #香港稳定币新规 #香港稳定币新规
On August 1, 2025, Hong Kong's "Stablecoin Ordinance" officially came into effect, marking the establishment of the world's first comprehensive regulatory framework for fiat-backed stablecoins. This historic initiative makes Hong Kong the first jurisdiction to implement in-depth regulation of stablecoins, injecting unprecedented institutional certainty into the turbulent digital asset market. According to the new regulations, any institution issuing fiat-backed stablecoins in Hong Kong or issuing stablecoins pegged to the value of the Hong Kong dollar overseas must apply for a license from the Hong Kong Monetary Authority. Non-bank institutions must meet a high threshold of HKD 25 million in paid-up capital, and reserve assets must be 100% high-liquid assets and independently custodial with a licensed bank. Holders enjoy an unconditional right to redeem fiat currency at face value, and issuers must process redemption requests within one working day. Existing stablecoin issuers must submit their license applications by November 1, or they will enter a winding-up period. 01 Why does Hong Kong need to issue stablecoins? Seize the new heights of digital finance. Hong Kong's breakthrough in stablecoin regulation is underpinned by three strategic considerations. Consolidate its position as an international financial center. Amid the competition among financial centers like New York, London, and Singapore to layout digital assets, Hong Kong is seizing rule-making discourse power through "legislative preemption" to attract international institutions like Circle and Tether to establish their Asia-Pacific headquarters.

#RWA Wave
Brothers, the tokenization of real assets, to put it simply, is putting houses, bonds, and company equity on the blockchain. It sounds like the future of finance, but in reality, it's just traditional assets dressed up in a blockchain coat. Traditional finance has always been heavily bureaucratic; can these on-chain assets really circulate freely? It might just turn into 'on-chain approval + smart control.' What about regulation? As long as you don't obediently comply, you could be 'zeroed out off-chain' in no time. In short, it looks lively, but you still need to play by the rules. So, brothers, if you want to take big steps forward, you definitely need good luck to come your way. $BNB

#RWA热潮 #RWA热潮
Brothers, the tokenization of real-world assets, to put it bluntly, is just putting houses, bonds, and company equity onto the blockchain. It sounds like the future of finance, but in reality, it's just traditional assets dressed in a blockchain vest. Traditional finance has always been heavily bureaucratic; can these on-chain assets really circulate freely? It might just turn into 'on-chain approval + smart control.' What about regulation? As long as you don't obediently comply, you could be 'zeroed out off-chain' in no time. In short, it looks lively, but to play, you have to be obedient enough. So, brothers, if you want to take big steps forward, you must have good luck coming your way.

From the hourly trend of $BNB 1, the market shows a staircase-like upward movement, gradually approaching the upper band of the Bollinger Bands. However, it should be noted that the current bullish momentum has not been sustained; the upward trend has shown signs of fatigue, and the MACD histogram is in a contracting state above the 0 axis, indicating a weakening of upward momentum. Therefore, the morning operation suggests prioritizing a bearish strategy.

#NFT板块领涨 Institutional funds are entering the market in large volumes, with whales sweeping up blue-chip NFTs. The daily trading volume of CryptoPunks surged by 11,143%, as a mysterious whale spent 2082 ETH (approximately $5.87 million) to purchase 45 Punks in bulk, pushing its floor price up by 20%. Pudgy Penguins gained 100 new holders, with the floor price increasing by 15% to 16.6 ETH (approximately $62,000).
Infinex Patrons (governance NFT) rose by 9.4%, while YOU THE REAL MVP (Memeland ecosystem) skyrocketed by 1280% in a single day.

The three legislations passed during the U.S. 'Cryptocurrency Week' mark a substantial implementation of the cryptocurrency regulatory framework, ushering in a new era of global crypto legislation with profound implications for the industry's direction.

'Guidance and Establishment of the U.S. Stablecoin National Innovation Act' ('Genius Act') requires stablecoin issuers to obtain federal or state-level licenses and to hold reserves in a 1:1 ratio of U.S. dollar cash, bank deposits, or short-term U.S. Treasury bonds to enhance fund security. It aims to integrate digital assets into the U.S. sovereign credit system, solidifying the dollar's hegemony in the digital age, creating demand for U.S. debt, and helping to alleviate the debt crisis.

'Digital Asset Market Clarity Act' ('Clarity Act') clarifies the commodity nature of cryptocurrencies and delineates the regulatory responsibilities between the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), weakening SEC's regulatory power and providing clear rules for the cryptocurrency market.

'Anti-Central Bank Digital Currency Monitoring National Act' ('Anti-CBDC Act') prohibits the Federal Reserve from issuing retail central bank digital currency without authorization, protecting citizens' privacy and financial freedom, and building a 'protective wall' for cryptocurrencies.

With the passage of these three acts, the legitimacy of the crypto market has increased, investor confidence has risen, and prices have surged, leading to a collective rise in cryptocurrencies. It also prompts changes in the competitive landscape of the industry, where compliance costs may eliminate smaller issuers, allowing giants to potentially capture the market. The global regulatory wave resonates, with countries accelerating the improvement of their regulatory frameworks, moving the industry toward a golden age of compliance, which is expected to attract more traditional capital into the market and promote the integration of cryptocurrencies into the mainstream financial system. $SUI

#加密立法新纪元
The three legislations passed during the "Cryptocurrency Week" in the United States mark a substantial implementation of the cryptocurrency regulatory framework, opening a new era of global cryptocurrency legislation and profoundly impacting the direction of the industry.

"Guidance and Establishment of the National Innovation Act for U.S. Stablecoins" (the "Genius Act") requires stablecoin issuers to obtain federal or state-level licenses and to hold reserves in cash, bank deposits, or short-term U.S. Treasury bonds at a 1:1 ratio, enhancing the safety of funds, incorporating digital assets into the U.S. sovereign credit system, consolidating the dollar's hegemony in the digital age, creating demand for U.S. debt, and helping to resolve the debt crisis.

"Digital Asset Market Clarity Act" (the "Clarity Act") clarifies the commodity attributes of cryptocurrencies, delineates the regulatory responsibilities between the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), weakens the SEC's regulatory power, and provides clear rules for the cryptocurrency market.

"Anti-Central Bank Digital Currency Monitoring National Act" (the "Anti-CBDC Act") prohibits the Federal Reserve from issuing retail central bank digital currencies without authorization, protects citizens' privacy and financial freedom, and builds a "protective wall" for cryptocurrencies.

The passage of these three bills enhances the legitimacy of the cryptocurrency market, boosts investor confidence, drives prices up, and leads to a collective surge in cryptocurrencies. It also prompts changes in the competitive landscape of the industry, with compliance costs eliminating smaller issuers, leaving the giants to possibly dominate the market. A global wave of regulation resonates, as countries accelerate the improvement of regulatory frameworks, leading the industry into a golden period of compliance, and potentially attracting more traditional capital into the market, promoting the integration of cryptocurrencies into the mainstream financial system.

#迷因币情绪 #迷因币情绪 The current meme coin market sentiment shows polarization, characterized by both fervent speculation and community-driven short-term surges, alongside long-term concerns of regulatory pressure and bubble risks.
Short-term speculation boom:
Recently, meme coins on the Solana chain (such as BONK, WIF) have become the focus of funds due to their low fees and high-speed advantages. Some projects, like BTCBULL, surged 300% upon listing, with the presale mechanism and community marketing driving 'FOMO sentiment.' New narratives (such as zoo-themed MOODENG and Musk concept TERMINUS) attract traffic through the interplay of Web2 and Web3, with short-term gains potentially reaching hundreds of times.
Political and regulatory variables:
The U.S. election has become a key factor, with some views suggesting that if Trump wins, the Republican party's lenient crypto policies may weaken the 'regulatory arbitrage' property of meme coins, potentially shifting funds toward utility tokens; however, opponents point out that meme coin buyers 'simply do not care about politics,' with their demand stemming from global liquidity easing and a culture of speculation.

$BTC From the four-hour and six-hour levels, there is a clear resistance above, and it has started to pull back and decline. The previous surge was quite strong, and the rapid rise followed by a slow decline raises some suspicion of distribution. Continue to pay attention to the resistance at the high point above; if it does not break in the long term, there could be a significant drop.
In the evening, the outlook for a pullback remains unchanged: BTC: around 117600 to 118200, target near 116000; ETH: around 2950 to 2970, target near 2880. If it breaks down, continue to look downward, with support below at 112000 and around 2780.

#我的策略演变 Refinement and Optimization Period: Multidimensional Improvement, Enhancing Adaptability
- Characteristics: The strategy shifts from 'single logic' to 'multi-factor integration', beginning to consider more variables (such as market sentiment, capital flow, macro environment), and incorporates a dynamic adjustment mechanism.
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- Driving Factors: A deeper understanding of market complexity, awareness of the limitations of a single dimension, and the desire to enhance the robustness of the strategy through 'combinatorial logic' (for example, a composite strategy of trend + momentum + risk control)

#美国加密周 #美国加密周 should be an annual cryptocurrency week in the United States, which should actually be similar to the Bitcoin conference. This also proves that cryptocurrency has become well-known to the public and is no longer a novelty. Cryptocurrency should have a small surge before this conference, and everyone sees it as high right now, but no one knows when it will drop. Those of us who think too little will likely be eliminated soon. I wonder if there will still be some cycles of time passing, and if we will still be alive to see the next passing.

#交易策略误区 #交易策略误区 Countless traders easily fall into trading traps: Taking a chart to formulate strategies, taking out a typical market price chart, and then based on this chart, developing trading strategies, setting their entry signals and exit signals, etc. For example, we find a bullish market chart, look for a moving average, such as the 30-day moving average, and the price rises along the 30-day moving average. Thus, we conclude that the 30-day moving average is effective; it really works. Using the 30-day moving average as our trading system, we enter when we break above the 30-day moving average and exit when we break below it. This kind of thinking trap can easily confuse countless people, who can never find the root of their trading issues.
The reason this logic is flawed is essentially because you inadvertently included a future function, i.e., a precondition; you already know the future market trend, which affects the formulation of your current trading strategy.
But how can we know the future market trend? It’s impossible; the future in front of us is always a black hole, so we don’t know the future market trend at all. We fundamentally do not know whether the trading strategies formulated based on typical charts can still be applied to the next market trend, and of course, it is basically impossible, because the nature of market trends is constantly changing. The trading strategies you developed based on typical charts will soon fall into a losing situation.

The Underlying Logic Behind Bitcoin's Surge: The Transformation from "Speculative Asset" to "Macro Asset"
1. The "Asymmetric Relationship" Between Federal Reserve Policies and the Crypto Market
Traditional analytical frameworks suggest that interest rate hikes are bearish for Bitcoin, while rate cuts are bullish. However, the reality in 2025 is that Bitcoin's sensitivity to Federal Reserve policies is decreasing, and its responses to "real interest rates" and "global liquidity" are becoming more direct.
For example, after the release of the minutes this morning, the yield on the U.S. 10-year Treasury bond only rose by 2 basis points to 4.52%, while Bitcoin surged by 3%—indicating that the market is more focused on the reduction of "policy uncertainty" itself rather than the direction of interest rates.
In comparison to December 2024: At that time, the Federal Reserve hinted at slowing the pace of rate cuts, and Bitcoin initiated a bull market a month early due to expectations of a rebound in "global M2 growth" hitting the bottom.
2. "Capital Reallocation" Amid the Trade War
Trump's tariff policies are reshaping global capital flows:
Capital flight from emerging markets: Stock markets in countries like Brazil and Mexico collectively fell over 2% this morning, while Bitcoin's trading volume in Latin America surged by 40%—local investors are using cryptocurrency to hedge against the depreciation risks of their local currencies.
"Risk Aversion Upgrade" in institutional investments: BlackRock's Bitcoin ETF (IBIT) saw a net inflow of $120 million yesterday, while gold ETFs experienced a net outflow of $380 million. This confirms our assessment: Under expectations of "stagflation," Bitcoin is replacing gold as the preferred anti-inflation asset for institutions.$BTC

#套利交易策略 , The Underlying Logic Behind Bitcoin's Surge: The Transformation from 'Speculative Asset' to 'Macro Asset'
1. The 'Asymmetrical Relationship' Between Federal Reserve Policy and the Crypto Market
Traditional analytical frameworks believe that interest rate hikes are negative for Bitcoin, while rate cuts are positive. However, the reality in 2025 is: Bitcoin's sensitivity to Federal Reserve policy is decreasing, while its response to 'real interest rates' and 'global liquidity' is more direct.
For example, after the minutes were released early this morning, the yield on the 10-year U.S. Treasury bond only rose slightly by 2 basis points to 4.52%, while Bitcoin surged by 3%—this indicates that the market is more concerned with the 'reduction of policy uncertainty' itself, rather than the direction of interest rates.
In comparison to December 2024: At that time, the Federal Reserve hinted at slowing the pace of interest rate cuts, but Bitcoin initiated a bull market a month early due to expectations of 'global M2 growth bottoming out and rebounding.'
2. 'Reallocation of Funds' Amid the Trade War
Trump's tariff policy is reshaping the flow of global capital:
Capital flight from emerging markets: Stock markets in countries like Brazil and Mexico collectively fell more than 2% overnight, while Bitcoin's trading volume in Latin America surged by 40%—local investors are using cryptocurrencies to hedge against the depreciation risk of their local currencies.
Institutional fund 'risk aversion upgrade': BlackRock's Bitcoin ETF (IBIT) saw a net inflow of $120 million yesterday, while gold ETFs experienced a net outflow of $380 million. This confirms our judgment: under 'stagflation' expectations, Bitcoin is replacing gold as the preferred inflation-hedging asset for institutions.

#BTC再创新高 , The Underlying Logic of Bitcoin's Surge: From 'Speculative Product' to 'Macro Asset' Transformation
1. The 'Asymmetric Relationship' Between Federal Reserve Policy and the Crypto Market
Traditional analytical frameworks suggest that interest rate hikes are detrimental to Bitcoin, while rate cuts are beneficial. However, the reality in 2025 is that Bitcoin's sensitivity to Federal Reserve policy is declining, and its response to 'real interest rates' and 'global liquidity' is more direct.
For example, after the release of the minutes early this morning, the yield on the 10-year U.S. Treasury rose only 2 basis points to 4.52%, while Bitcoin surged 3%—indicating that the market is more focused on the 'reduction of policy uncertainty' itself rather than the direction of interest rates.
In comparison to December 2024: at that time, the Federal Reserve hinted at slowing the pace of rate cuts, yet Bitcoin preemptively entered a bull market a month earlier due to expectations of a rebound in global M2 growth hitting bottom.
2. 'Capital Reallocation' Under the Tariff War
Trump's tariff policy is reshaping global capital flows:
Emerging market capital flight: Stock markets in countries like Brazil and Mexico collectively fell over 2% overnight, while Bitcoin trading volume in Latin America surged 40%—local investors are using cryptocurrency to hedge against the risk of currency devaluation.
Institutional funds' 'Upgraded Hedging': BlackRock's Bitcoin ETF (IBIT) saw a net inflow of $120 million yesterday, while gold ETFs experienced a net outflow of $380 million. This confirms our assessment: under expectations of 'stagflation', Bitcoin is replacing gold as the preferred inflation-hedging asset for institutions.

#SECETF Approval The U.S. Securities and Exchange Commission (SEC) is cautiously advancing and adjusting policies regarding the approval of cryptocurrency ETFs. Recently, the SEC announced delays in several applications, including Franklin Templeton's SOL and XRP ETFs and Grayscale's HBAR and DOGE ETFs, extending the final decision deadline to October 2025. This decision continues the SEC's review logic concerning market manipulation, liquidity, and investor protection, especially against the backdrop of high volatility in cryptocurrencies, as regulators continue to require applicants to provide additional disclosure details. However, there is a subtle shift in regulatory attitude. The SEC is working with exchanges to develop a new approval framework aimed at shortening review periods and allowing compliant ETFs to list directly, with a draft expected to be released this month and implemented in September-October. Analysts point out that this framework may facilitate the approval of mainstream token ETFs like SOL and XRP in the fourth quarter of 2025, with approval probabilities generally exceeding 90%. In the long term, if spot ETFs are fully opened, it will accelerate the entry of institutional funds, but in the short term, the market still needs to cope with the volatility caused by policy uncertainties. $SOL

#趋势交易策略 #SEC ETF Approval The U.S. Securities and Exchange Commission (SEC) is cautiously moving forward with the approval of cryptocurrency ETFs while making policy adjustments. Recently, the SEC announced a delay in its decisions on several applications, including Franklin Templeton's SOL and XRP ETFs, as well as Grayscale's HBAR and DOGE ETFs, with the final ruling deadline extended to October 2025. This decision continues the SEC's logic of examining market manipulation, liquidity, and investor protection, especially against the backdrop of high volatility in cryptocurrencies, with regulators continuing to require applicants to provide additional disclosure details.
However, there has been a subtle shift in regulatory attitude. The SEC is working with exchanges to develop a new approval framework, aiming to shorten the review period and allow qualifying ETFs to list directly, with a draft expected to be released this month and implementation planned for September to October. Analysts suggest that this framework could lead to the approval of mainstream token ETFs like SOL and XRP in the fourth quarter of 2025, with approval probabilities generally exceeding 90%. In the long term, if spot ETFs are fully opened, it will accelerate institutional capital inflow, but in the short term, the market still needs to cope with the volatility caused by policy uncertainties.