自由哥
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KOL 邀请码：SXZYG
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BNB registration copy link to browser:
https://accounts.marketwebb.net/register?ref=SXZYG
Invitation Code: SXZYG
30
https://accounts.marketwebb.net/register?ref=SXZYG
Invitation Code: SXZYG
30
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Stablecoin discussions pushed to a higher level
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Hong Kong 'Stablecoin Ordinance' Legislation Passed! Implementation on August 1, 2025
The legislative process for Hong Kong's (Stablecoin Ordinance) lasted over three years, from policy formulation to official implementation, reflecting Hong Kong's systematic layout for stablecoin regulation. Its core milestones can be summarized in the following four stages:
1. Policy Preparation Period (January 2022 — June 2023)
- January 2022: The Hong Kong Monetary Authority published the first (Discussion Paper on Crypto Assets and Stablecoins), initiating an assessment of industry risks and regulatory needs.
- October 2022: The Hong Kong government issued (Policy Declaration on Virtual Asset Development), clearly expressing the intention to include stablecoins in the regulatory framework for the first time.
- January 2023: The Monetary Authority released a consultation summary, establishing a 'risk-based' regulatory direction, emphasizing the need for legislation to regulate stablecoin issuance.
1. Policy Preparation Period (January 2022 — June 2023)
- January 2022: The Hong Kong Monetary Authority published the first (Discussion Paper on Crypto Assets and Stablecoins), initiating an assessment of industry risks and regulatory needs.
- October 2022: The Hong Kong government issued (Policy Declaration on Virtual Asset Development), clearly expressing the intention to include stablecoins in the regulatory framework for the first time.
- January 2023: The Monetary Authority released a consultation summary, establishing a 'risk-based' regulatory direction, emphasizing the need for legislation to regulate stablecoin issuance.
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Is your wallet empty?
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Understanding Stablecoins
Stablecoins are a special type of cryptocurrency designed to maintain price stability. Unlike other cryptocurrencies like Bitcoin and Ethereum, which have significant price volatility, the value of stablecoins is usually pegged to one or a basket of relatively stable assets, such as:
1. Fiat currency: The most common are those pegged to the US dollar (such as USDT, USDC, BUSD), with stablecoins also pegged to the euro, offshore yuan (such as CNHC), yen, and others. One stablecoin should theoretically equal one unit of the pegged currency.
2. Commodities: Such as gold (e.g., PAXG).
1. Fiat currency: The most common are those pegged to the US dollar (such as USDT, USDC, BUSD), with stablecoins also pegged to the euro, offshore yuan (such as CNHC), yen, and others. One stablecoin should theoretically equal one unit of the pegged currency.
2. Commodities: Such as gold (e.g., PAXG).
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Again releasing funds, something big is coming!
According to Whale Alert monitoring, Tether's treasury has minted 1 billion USDT on Ethereum, valued at approximately 1.001 billion dollars.
According to Whale Alert monitoring, Tether's treasury has minted 1 billion USDT on Ethereum, valued at approximately 1.001 billion dollars.
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Stablecoin "Genius Act" Senate Vote Passed
Traditional banks will gradually bid farewell to the historical stage in ten years under the impact of new technologies!
Traditional banks will gradually bid farewell to the historical stage in ten years under the impact of new technologies!
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TRUMP did well
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According to the Wall Street Journal, Walmart and Amazon are exploring the issuance of their own stablecoins in the U.S. market, or for payments and settlements within their merchant ecosystems. According to sources, this move could shift a large volume of cash and card transactions out of the traditional financial system, reduce billions of dollars in fees, and accelerate payment speeds.
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Origin and Development History of INIT
The INIT token is the native token of the blockchain project Initia, which aims to build a unified multi-chain ecosystem to solve the problems of blockchain ecological fragmentation and interoperability. The following is a detailed analysis of its origin and development history:
I. Project Origins (2023 and before)
1. Technical Vision and Architecture Design
Initia originated from the exploration of multi-chain interoperability demands, with the core goal of combining high-performance Layer 1 (L1) blockchain with interwoven Optimistic Rollups architecture. Its technical foundation includes:
- Based on Cosmos SDK: Achieve modular design, supporting developers to deploy highly customized application chains (Appchains).
I. Project Origins (2023 and before)
1. Technical Vision and Architecture Design
Initia originated from the exploration of multi-chain interoperability demands, with the core goal of combining high-performance Layer 1 (L1) blockchain with interwoven Optimistic Rollups architecture. Its technical foundation includes:
- Based on Cosmos SDK: Achieve modular design, supporting developers to deploy highly customized application chains (Appchains).
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Origins and Development History of AVAX
AVAX (Avalanche) is the native token of the high-performance blockchain platform Avalanche, whose development journey integrates technological innovation, market fluctuations, and ecosystem expansion. Here are its origins and key development phases:
I. Technical Origins and Founding Team (2018-2020)
1. Inspiration and Whitepaper
- In May 2018, an anonymous team called “Team Rocket” released a new consensus protocol draft through the InterPlanetary File System (IPFS), proposing a mechanism for high-speed transaction confirmation through random sampling verification.
- Cornell University Computer Science Professor Emin Gün Sirer and his PhD students Kevin Sekniqi and Maofan “Ted” Yin further developed on this basis, open-sourcing the Avalanche codebase (AVA Labs) in March 2020.
I. Technical Origins and Founding Team (2018-2020)
1. Inspiration and Whitepaper
- In May 2018, an anonymous team called “Team Rocket” released a new consensus protocol draft through the InterPlanetary File System (IPFS), proposing a mechanism for high-speed transaction confirmation through random sampling verification.
- Cornell University Computer Science Professor Emin Gün Sirer and his PhD students Kevin Sekniqi and Maofan “Ted” Yin further developed on this basis, open-sourcing the Avalanche codebase (AVA Labs) in March 2020.
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BTC liquidation situation:
Short liquidation points:
108,952
109,618
110,284
110,950
111,616 - 112,282 (last liquidation range for shorts)
Long liquidation points:
106,954
106,288
105,622
104,956
104,290 - 103,624 (last liquidation range for longs)
Short liquidation points:
108,952
109,618
110,284
110,950
111,616 - 112,282 (last liquidation range for shorts)
Long liquidation points:
106,954
106,288
105,622
104,956
104,290 - 103,624 (last liquidation range for longs)
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The Origin and Development of DOGE
The origin and development of DOGE (Dogecoin) intertwine internet culture, technological innovation, and celebrity effect, presenting a unique trajectory from a satirical joke to a global phenomenon. Below are the key stages outlined:
I. Origin (2013): Internet Meme and Satirical Experiment
1. The Birth of the Meme-based 'Doge'
- Prototype Shiba Inu Kabosu: In 2010, a Shiba Inu named Kabosu, adopted by Japanese kindergarten teacher Atsuko Sato, had a photo of her 'side-eyeing' posted on a blog, and her comical expression quickly became a meme in Western communities, paired with colorful Comic Sans font and awkward English phrases like 'such wow' and 'very X,' resulting in viral spread.
I. Origin (2013): Internet Meme and Satirical Experiment
1. The Birth of the Meme-based 'Doge'
- Prototype Shiba Inu Kabosu: In 2010, a Shiba Inu named Kabosu, adopted by Japanese kindergarten teacher Atsuko Sato, had a photo of her 'side-eyeing' posted on a blog, and her comical expression quickly became a meme in Western communities, paired with colorful Comic Sans font and awkward English phrases like 'such wow' and 'very X,' resulting in viral spread.
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CPI Attention to Position Control Tonight
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