Lawyer Wu Wenqian pointed out that the framework of the Hong Kong stablecoin bill regulates the issuance of stablecoins. Tether and Circle do not need to obtain licenses in Hong Kong, as they do not issue in Hong Kong nor are they priced in Hong Kong dollars. Conducting OTC trades of USDT / USDC in Hong Kong does not fall under issuance and is not regulated by the ordinance, but may be subject to regulation by future OTC licenses for related businesses, although it is unrelated to the stablecoin ordinance. #USDT #USDC✅
The path from 4600 to 6000 for $ETH is clearly visible. The rising rhythm and market structure of $ETH both align with the characteristics of a typical main upward wave. Since breaking through 4200, the price has consistently stayed in a high range, with stable volume-price coordination. On-chain data indicates an increase in the concentration of large holders' positions, and the main cost zone is moving up quickly, suggesting that capital has optimistic expectations for the future market. Additionally, the expansion of Ethereum's ecological applications in the DeFi and Layer2 fields has driven growth in real trading demand. The breakthrough at 4600 means that the bulls have taken an absolute advantage, and the short-term adjustment space is limited. If capital inflows continue, reaching 6000 by mid-September is not only achievable but may even be realized ahead of schedule. The trend is clear, and value realization is in progress. $ETH
🚨 The US July CPI is set to be released at 8:30 PM tonight, will the market experience fluctuations again?
Data can be manipulated, the market can be guided, and volatility is just a performance.
Tonight's CPI may affect market fluctuations, but the overall direction remains unchanged!
Since the Labor Statistics Bureau "self-destructed its credibility", this data has lost its reference significance,
When the foundation is false, no matter how sophisticated the analysis is, it is just a castle in the air.
So, instead of fixating on data fluctuations, it's better to ask:
What is the long-term script that Trump's administration really wants to achieve?
1⃣ Promote the smooth implementation of the "Great Beautiful Act" 2⃣ Maintain the illusion of economic prosperity during the term — even if it means overdrawn future 3⃣ Leave the consequences to the next administration before stepping down
Short-term fluctuations are not important, the direction has long been set. Even if the dollar becomes a "golden yuan coupon", stablecoins can also transform into "cash yuan coupons".
This is a skin-swapping game. The only certainty is that the suppressed water will eventually burst out — 💧💵 A large amount of liquidity will not be absent.
In fact, bull markets are created by emptying out. Many people developed the habit of shorting at high positions during the bear market. Then they see the coin rise and short again, while retail investors stubbornly hold their shorts. This way, they lose their money through forced shorts, which is then redistributed to another group of people. This is also why many lose money in a bull market; it's lost in this way. Moreover, losses are greater in bear markets because gains can multiply by dozens or hundreds of times. However, losses can only be a one-time decrease, so those stable strategies do not include the option to short. I hope everyone stays calm during this explosive rally and doesn't think they need to short to make up for what they feel they've missed. I can only say that not losing is already good enough.
How to view the Federal Reserve's interest rate cuts. Entering August, according to CME FedWatch data, the probability of the Federal Reserve keeping interest rates unchanged in September is 5.6%, and the probability of a 25 basis point rate cut is 94.4%. Do you think this will impact the cryptocurrency market? $BTC
Big shots, I have a question. A few days ago, I invited my friend to register and verify on Binance. We are not in the same network environment, and then he used my referral code. At the same time, I deposited 55 USDT to his BSC chain. Why have I not yet received the trading fee rebate voucher from Binance #邀请奖励 ?
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