The Era of HKD Stablecoins Begins: The Battle for Issuance Licenses and the New Ecosystem of Inclusive Finance
Under the neon lights of Hong Kong streets, traders in Central, small shop owners in Sham Shui Po, and cross-border freight drivers are quietly connected by the same blockchain. This chain is called 'HKD Stablecoin.'
On June 6, 2025, an announcement in the Hong Kong SAR government gazette shook the fintech community — the (Stablecoin Regulation) will officially take effect on August 1. That night, the server load at JD Technology's blockchain lab surged by 40%, and Standard Chartered Bank's digital asset department urgently convened a cross-timezone meeting, while discussions in the WeChat group of Web3 entrepreneurs in Qianhai, Shenzhen, focused on whether there is still room for loosening the HKD 25 million threshold.
Could the SEC delayed ETF become a lifesaver? On-chain evidence: 85 million $ETH dark market sell-off!
MACD green bars smash through the earth's core, whales collectively abandon ship, and the sudden stop of the bull cart splashes not dust but bloody chips!
1. Latest technical aspects!
1. MACD nuclear explosion-level fluctuations, DIF (65.80) crushed by DEA (192.30): the inversion has expanded to a 3-month extreme;
2. MACD green bars surged to -261.15: bearish momentum continues to strengthen;
3. Volume betrayal confirmed, current volume 230 million compared to 5-day average volume 2.71 billion (shrinking by 91.5%) early morning fake pump volume only 80 million, clear signs of manipulation by main forces, 5-day volume line dead cross 10-day line;
2. Latest on-chain news!
1. Exchange inventory skyrocketed by 248,000 in a single day;
2. Whale OTC sell-off escalated: Coinbase single transaction of 85 million USD market dump (address starting with 0x37c);
3. Volume betrayal confirmed, current volume 230 million vs 5-day average volume 2.71 billion (shrinking by 91.5%) early morning fake pump volume only 80 million, clear signs of manipulation by main forces, 5-day volume line dead cross 10-day line: reminiscent of the pre-collapse sign in May;
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Cryptocurrency Shock! 18,295,413,870 Whale Exposed in the Vacuum Zone, Is the Target Set at $111,000?
$111,000? Wall Street whales are locking the bull market door with spot machine gun pools!
1. The latest technical analysis highlights three key factors!
1. Moving Averages: The golden triangle strangles the bears, MA5 weekly (2.176 billion) crushes MA10 (2.082 billion) — 5-week bottom-fishing funds completely dominate the old retail investors, any pullback is a gift question.
2. Volume: Underlying currents are stirring, current volume at 1.676 billion (<5-week average 2.176 billion), but predicted volume of 2.148 billion hides deadly traps — European and American sessions must witness whale ambushes, increased volume signals explosive rallies!
3. MACD: Mad bull turbocharging, DIF (5774) rides DEA (4600), red bars (2348) surged 40% over three days — bears blocking the road? Directly melt through the K-line graveyard!
2. Key player insights, on-chain data exposes the truth!
1. Lock-up rate of $100,000 chips hits a new high for the year, whales are holding firm;
2. Futures funding rate is only 0.01%, dog operators have highly concentrated control!
3. BlackRock IBTC saw a net inflow of $320 million in a single day, institutional buying continues; miner holdings increased by 12% week-on-week, old miners are paying sky-high electricity bills but still not selling;
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Stunning reversal! After being devoured by a whale with 240 million $ADA , is $0.64 the lifeline for bulls?
$0.64 has become the lifeline for ADA—every penny up results in a 30 cent drop! The shrinking volume and downward trend are turning bottom-fishers into dried leeks.
1. Latest news highlights three major points!
1. Increased holdings confirmed (latest data): the top ten addresses bought 120 million ADA in 48 hours.
2. 38 exchanges' reserves decreased by 9% in a single week.
3. Ecological restoration: Cardano's on-chain TVL dropped by 8% weekly, developer inflow: Cardano's weekly active developers increased by 12% month-on-month.
2. Technical aspects face triple strangulation!
1. MACD bears intensifying; DIF: -0.0003 death cross, DEA: -0.0007, green bars expanded to 0.0011. Key signal: daily MACD forms a death cross underwater, with a historical probability of 90% continuing the downward trend.
2. Trading volume continues to shrink, actual volume 82,000 hands compared to the 20-day average of 153,000 hands (completion rate only 54%). Volume-price divergence: trading volume decreased as prices rebounded, clear signs of bear control. Moving average pressure upgrading.
3. MA5 has moved down to 0.368 (current price 0.63, a difference of 4.9%). Harsh reality: the rebound highs over the past five trading days have not broken through MA10.
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Whale throws 75 million in the night! The death MACD hides a greater crisis!
Bear claws tear apart the rebound dream, on-chain selling pressure rolls in—today's Ethereum candlestick is bleeding a warning: bottom fishing against the trend is like licking blood off a blade!
1. Triple blow from the news!
1. Macro nuclear bomb: US core CPI soars to 3.8% (exceeding expectations by 0.3%), the probability of the Fed cutting rates in September is halved to 48%, and US stocks plunge in tandem with crypto.
2. On-chain evidence of selling pressure, whale 0x7a972 deposits 31,000 ETH to Binance within hours.
3. Exchange's ETH reserves surge 4.1% in a single day (monthly peak).
2. Technical death trio!
1. MACD cliff-like breakdown: DIF: -2.82 / DEA: -0.32 / MACD: -5.00 Plain meaning: Green bars pull out waterfall lines, short positions are fully pressed, bottom fishing is like reaching out to catch a falling knife!
2. Trading volume shocking scam, actual volume 125,000 contracts vs estimated volume 854,000 contracts (achievement rate only 14.6%).
3. Death cross in average line: MA5 (537,000), MA10 (646,000) main force conspiracy: bulls act without followers, all rebounds are paper tigers!
4. Average line strangulation formation, price is suppressed to a 45-degree angle dive in early trading by MA5/MA10, rebound suffers precise headshot from MA5.
Warning! The current market is like a mine filled with explosives—a single match could blow it up!
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1. MACD 'Golden Cross Resurrection' DIF (1.05) crosses DEA (0.62) seemingly charging forward, but the MACD histogram shrinks to 0.86 (previous day 1.5+)! Like a cannon that misfires.
2. Exhausted volume sentenced to death, current trading volume is 2906 SOL, only 7.4% of the 5-day average volume (39,300 SOL)! 150 resistance level faces three long upper shadows defeated.
3. Moving averages trap prices in a triple strangulation: $150: MA5 (156.52) becomes an iron roof, 147.8: MA10 (146.00) dead-presses the rebound.
II. News Side Three Sets of Heavy Information!
1. Retail Participation Hits New High: The number of wallets holding ≥0.1 SOL exceeds 11.6 million (historical peak), reflecting the continued expansion of the retail base.
2. Whale Movements: On June 8, a whale transferred 260,000 SOL (approximately $40 million) to Kraken, raising concerns about a sell-off.
3. FTX Liquidation Pressure Continues: Unlocking sell pressure: On March 1, 2025, 11.2 million SOL (valued at over $2 billion) will be unlocked due to FTX asset liquidation; the remaining locked tokens will be released linearly monthly (609,000 per month), continuously suppressing prices.
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$ETH Giant Whale 1.4% Blood Draw Lockup 86.6 Billion Hidden Danger! How to Respond?
Longs and shorts oscillate around 2510 USD, whether 2549 is dragon or bug depends on today! — Ethereum, this troublesome little fairy, has the inflation sword hanging above and the on-chain iron bottom supporting below, today's battle is all about expectation gaps!
1. Three Technical Signals!
1. MACD Red Bars Shrinking, Death Cross Ghost Shadow Shaking: The fast and slow lines hover on the zero axis, but the red bars are getting shorter and shorter — bulls are losing strength in pushing higher! The fast line (DIF) is about to cross the slow line (DEA), if the death cross becomes real, a pullback is imminent.
2. Downward Volume Spike: When the bearish candlestick crashes, the trading volume surges (bears crashing/large holders fleeing confirmed)! If the selling continues to increase, the support level at 2487 (60 moving average) will be effectively broken, the next stop is the psychological level of 2455.
3. Moving Average Sandwich Battlefield: Prices are stuck bouncing back and forth between the 30 moving average (2488) and the 60 moving average (2529).
2. On-chain Hot Outside, Cold Inside!
1. Ethereum's weekly active addresses are 1.74 million (historical peak), DeFi locked up 86.6 billion USD, but the net outflow of ETH from exchanges is 1.4%, large holders lock up for interest without trading — deflation is beneficial long-term, but short-term liquidity is cut off!
2. Overheated Sentiment Laying Mines: 64% of Binance contracts are clustered in long positions (long-short ratio 1.84), beware of bulls trampling and retaliating!
3. Latest News, Two Nuclear Bombs!
1. Tomorrow night’s US CPI: Inflation Explodes Globally, ETH Volatility at 47.3% (year-low), Options Bets on Volatility Surge — Today’s early escape, increased fluctuations!
2. US-China Negotiations and Trump's Rhetoric, Trade Friction Powder Keg, and Crypto Tycoons Clashing, any negative news could crash the market!
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$ETH Sun Yuchen whale sold 800 million to pledge 2.85 million, trillion-level bull and bear dark battle!
1. Technical aspects are triple heaven!
1. Trading volume: Dehydrated into a mummy, trading volume 15,124,546 hands, 8.6% less than the 5-day average volume (16,543,358), only 68% of the 10-day average volume (22,088,553).
2. MACD: Disco at the underwater grave, DIF: -17.54 DEA: -18.72 MACD: 2.37. False golden cross, true life-threatening, red below the zero axis may be a death smoke bomb.
3. Moving averages: Meat grinder started, price joint slaughtered by the 5/10 day average volume line, dead cross into the 6th day.
2. Latest news aspects!
1. Spot ETF continues to attract funds: Ethereum spot ETF has net inflows for 12 consecutive days, totaling $321 million, while Bitcoin ETF net outflows reached $1.23 billion during the same period, forming a significant capital seesaw effect.
2. Pledge volume hits a new high: Current total pledge volume exceeds 32.8 million ETH, accounting for more than 27% of circulating supply, setting a historical record.
3. Whale and foundation movements: Sun Yuchen deposited 29,153 Ethereum into the exchange HTX, with a cumulative transfer of 227,000 ETH since November 2024, which may intensify selling pressure!
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Why can't the ETF daily absorb 1,400 units $BTC stop the whales from increasing their holdings by 45% and fleeing?
The city gate of 106,000 USD, Bitcoin's fourth attempt to use a ladder to reach the door gap - the trading volume is weak, MACD is gasping, what the bulls lack is not courage, but a battering ram!
1. Three groups of deadly data on the technical side!
1. Trading Volume: Surprising during the breakout, trading volume is 36.6 million contracts > 5-day average volume (31.64 million), but < 10-day average volume (43.15 million)
2. MACD: Divergence shows a clear bullish signal (DIF 83.6 > DEA 187.1) but the MACD bar at 541.3 has decreased by 26% from the previous high (top divergence confirmed)
3. Moving Averages: Hidden landmines, the price stands above all moving averages with strong positioning, trading volume death cross deepens: 5-day volume line (31.64 million) death crosses 10-day line (43.15 million) for the 4th day
2. Latest on-chain news!
1. On-chain alert: The amount of BTC held by whales drops sharply by 45%
2. Long-short hedging: Grayscale sells another 1,150 BTC, BlackRock ETF raises 450 million USD (setting a new high this week)
3. BlackRock's single-day fundraising breaks records and the Fed's September rate cut probability is 81%
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$SOL Giant Whale Sweeps 120,000, 64,000 Transaction Volume Dead Silence! Hidden Risk of Trend Change?
Trading volume frozen stiff, bulls and bears test patience; moving averages press down, MACD golden cross surges, SOL dances on a tightrope today!
1. Trading volume exhausted confirmed, latest 2-hour transaction volume only 64,000 (compared to MA5 volume 94,000, MA10 253,000), less than 1/4 of the 10-day average volume! The market is in a zombie state—no one is cutting losses, and no one is bottom-fishing; trend change relies entirely on news stimulation.
2. Moving average suppression truth, current price around $147, short-term MA5 corrected to around $150, MA10 around $163, price is tightly suppressed by dual moving averages, forming a standard bearish arrangement.
1. Ecological fund makes a lot of noise but little rain: Solana Foundation officially announces DePIN/AI ecological fund early in the morning, but on-chain response is tepid, with capital inflow nearly stagnant.
2. Giant whales moving: 3 dormant whale addresses accumulated 120,000 SOL in the past 24 hours, exchange inventory slightly decreased by 2%, indicating ambush rather than strong attack.
3. Market drags behind: Bitcoin stuck around $103,000, ETH, ETF good news exhausted, SOL finds it hard to thrive alone.
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$SOL Giant Whale Enters 47% Bearish Options - Will the 150.16 Defense Line Become a Chopped Onion Shredder?
Volume Gap of One Million Dollars! Jump Trading Crashes the Market, Reloading - Will the 150.16 Defense Line Be Broken?
1. Latest Technical Aspects!
1. MA5 (2.15 million) Death Cross MA10 (2.21 million) Forms a Noose, Strong Evidence of Major Withdrawal!
2. MACD Underwater Nuke Countdown: DIF: -1.50 and DEA: -1.31 Expanding and Devouring MACD Bar -0.38 Accelerating Volume Turbocharging Downward Launch!
3. Death Triangle Ultimate Strangulation: Three Consecutive High Point Cuts (178.93→175→169.97) 150.16 Faces Three Heavy Hits, Breaking Position Means Avalanche Liquidation.
2. Latest On-chain News!
1. Jump Trading Dumped 120,000 SOL to Binance This Morning.
2. FTX Liquidation Address Sold 340,000 Coins in 72 Hours.
3. Deribit’s SOL Bear Options Position Increased by 47%, Mysterious Giant Whale Heavy.
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Dog Village Fishing Line Reappears! $PEPE Giant Whale 500 Billion Coins Ready to Fire!
MACD Three-Line Coffin Board Pressing Down, Whale 500 Billion Coins Loaded! The truth of that fishing line in the early session is revealed: 09:45 explosion of 1.32 million dollars false breakthrough, on-chain capture shows the same giant whale traded 315 billion coins on Binance/OKX, specifically cutting off the breakthrough chasing up!
I. Latest in Technology!
1. Trading volume shrinks to 2.7% of MA5, definitely the calm before the storm!
2. MACD exposes a deadly signal: DIF/DEA/MACD three lines stick together into a straight line in the -0.08 interval.
II. Latest in News!
1. Project party reveals solid evidence, on-chain solid proof: marked "compete" address (starting with 0x37c) recharged 500 billion PEPE (2 million dollars) to Binance 3 hours ago.
2. Cumulative shipments from May to now are 28 trillion coins, exceeding circulation by 7%.
3. Exchange ammunition depot is in crisis, Binance hot wallet PEPE stock surged 42% in 24 hours, breaking through 42 trillion coins.
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The main force's mask has finally been torn apart! 500,000 pieces $BNB recharge address exposed
The volume has crossed the death line, and the MACD turning green is all a dream! A hundred billion 'chip explosion' is looming, BNB has become a meat grinder!
Brothers, the BNB weekly chart reveals serious flaws! The current price of 665.82 USD seems to struggle, but in reality, the main force is grasping at straws amidst the flames. Coupled with last night's on-chain nuclear-level fluctuations, today will surely be a bloody storm!
1. Three major sins on the technical front!
1. Volume has head-chopped, this week's trading volume 218,542 → only 31% of the 5-week average volume 700,053!
2. MACD death cross seals the coffin, DIF:9.88 death cross DEA:4.44, red bars shrink to 10.87 (bear market momentum strengthens)
3. MA5:700,053 crosses below MA10:776,639 (volume death cross confirmed)
2. On-chain nuclear bomb: the giant sickle has swung!
1. A hundred billion chips are unlocked (project party/private placement cashing out looming)
2. On-chain solid evidence: last night 500,000 BNB rushed into the Binance recharge address!
3. Knife-adding environment: Federal Reserve interest rate hikes and Bitcoin breaking down, platform coins are the first to suffer!
I am Chan Zhong Tan Zen, top-tier technical support, serving only those with vision and ambition!
$ADA Whale movement triggers a death spiral! Will the 0.65 life-and-death line break tonight?
Brothers, I just finished analyzing the ADA four-hour chart and real-time on-chain data; this trend reeks of a trap! The current price is hovering around 0.67, seemingly struggling near 0.67, but in reality, it resembles a dead cat bounce.
1. Three major technical pitfalls!
1. Clear indication on the volume chart: Volume 186,372, but the 5-day average volume is 283,543 and the 10-day average volume is 259,931!
2. The moving average system reveals danger, key detail: The current price of 0.67 is already deeply trapped in the moving average quagmire (MA5/MA10 corresponding prices are far higher than the current price).
3. MACD harbors ominous signs, as price highs continue to decline (0.8410→0.7400), yet the volume is shrinking—typical formation of a bearish divergence, short bullets are loaded!
2. News on-chain double-edged sword attack!
1. Firm evidence of fundraising pressure: Clearly marked fundraising at the bottom, combined with on-chain alarms—over a million ADA is flooding into Binance/OKX! It's clear that the whale is sharpening its knife.
2. The broader environment worsens: BTC/ETH leads the sell-off, under the shadow of interest rate hikes, altcoins are always the sacrificial lambs!
Remember! The market doesn't believe in tears! I am Chan Zhong Tan Zen, top technical support, serving only those with vision and ambition!
Musk's old news can't save the fire! Giant whale $DOGE awakens and crashes the market, 0.185 is in imminent danger!
The horizontal Dog King is on edge, on-chain anomalies are a signal to ignite! The two-hour DOGE chart is currently playing out a life-and-death situation, combining the sudden news from early morning and on-chain evidence, three minutes to expose today's killing opportunity:
1. News nuclear bomb update!
1. Musk is silent: Old news about SpaceX's DOGE payment is being rehashed, but the Coinbase futures launch is true.
2. On-chain thunder: A sleeping whale address (starting with DH) transfers 120 million DOGE (about 3.4 million dollars) to Binance, completed in 3 transactions (a typical dumping method);
3. Long and short confrontation: Binance DOGE perpetual funding rate plummets to -0.03% (a signal for short positions to increase).
2. Technical analysis cuts to the chase!
1. Volume trap, current volume of 1.37 million is 30% lower than MA5 (1.96 million), the market maker is dormant. Key clue: Estimated volume of 11.27 million hides the danger of a false breakout (current volume/estimated = 1:8.2)
2. Moving average strangulation formation, MA5 and MA10 suppress into a sandwich, death pattern: After 3 times this month where MA5 falls below MA10, the average drop is 7.8%.
3. MACD reversal countdown, DIF and DEA are close to the zero axis, MACD green bars have been amplifying for 5 periods (bearish accumulation is complete).
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1. Volume explosion: Major players collectively flee, actual trading volume is only 487,000 SUI, less than 43% of the estimated volume of 1.12 million SUI!
2. MA5 average line (1.42 million) is violently suppressed by MA10 (1.68 million), clear signal of major capital withdrawal, the 4.198 peak is a high-frequency manipulation
3. MACD dark dance: Zombie under the zero axis, DIF (-0.031) and DEA (-0.035) continue to be dull underwater, green bars (0.006) reverse volume price plummeting from 4.29 to 3.0!
2. Latest news: Three major death logics lock SUI's throat!
1. On-chain killing pig scheme: Foundation dumps 4.2 million coins, Wintermute's sell wall hides 120 million in short positions
2. Ecological hemorrhage: SUI chain TVL drops 19.2% weekly, Cetus TVL evaporates 32% (single-day withdrawal of 120 million)
3. On-chain solid evidence: SUI Foundation transfers 4.2 million SUI to market maker Wintermute, which sets up a sell wall around 4.7 on Binance
I am Chanzhong Tan Zen, top-notch technical support, serving only those with vision and ambition!