ting2158

# Hong Kong Stablecoin New Regulations
On August 1, 2025, Hong Kong's "Stablecoin Regulation" officially comes into effect, marking the global debut of a comprehensive regulatory framework specifically for fiat-backed stablecoins. This historic initiative positions Hong Kong as the first jurisdiction to implement a thorough regulatory approach to stablecoins, injecting unprecedented institutional certainty into the turbulent digital asset market. According to the new regulations, any organization 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 HKD 25 million in paid-up capital, and their reserve assets must be 100% high liquidity assets and independently custodied by licensed banks. Holders have the unconditional right to redeem fiat currency at face value, and issuers must process redemption requests within one working day. Existing stablecoin issuers must submit 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 international financial center status. Against the backdrop of financial centers like New York, London, and Singapore competing to establish themselves in digital assets, Hong Kong is seizing the opportunity for rule-making by "legislating first" to attract international institutions like Circle and Tether to set up their Asia-Pacific headquarters. $ENA

#CFTCCryptoSprint #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-backed stablecoins. This historic initiative positions Hong Kong as the first jurisdiction to implement a transparent regulatory approach to 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 institutions 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-liquidity assets held independently by a licensed bank. Holders have the unconditional right to redeem fiat currency at face value, and issuers must process redemption requests within one business 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 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 opportunity to establish rule-making authority through "legislative initiative," attracting 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
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 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-backed 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 HKD 25 million in paid-up capital, and 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 business day. Existing stablecoin issuers must submit 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. Against the backdrop of financial centers like New York, London, and Singapore competing to lay out digital assets, Hong Kong is seizing the discourse power of rule-making through "legislative primacy" to attract 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
On August 1, 2025, Hong Kong's "Stablecoin Regulation" 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 penetrating regulation on 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 any institution 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 their 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 they will enter a winding-up period. 01 Why does Hong Kong need to issue stablecoins? Seizing a new high ground in digital finance. The breakthrough in stablecoin regulation in Hong Kong 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 establish their presence in digital assets, Hong Kong aims to seize the power of rule-making through "legislative precedence" and attract international institutions like Circle and Tether to set up their Asia-Pacific headquarters.

RWA Craze
Brothers, the tokenization of real assets, to put it simply, is about 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 in a blockchain coat. Traditional finance has always been heavily bureaucratic; can these on-chain assets really circulate freely? It could end up being 'on-chain approval + smart control.' What about regulation? As long as you don't obediently comply, you could easily be made to 'zero out off-chain.' In short, it looks lively, but you have to play along. So, brothers, if you want to take big steps forward, you definitely need good luck to come your way.
$BNB

#RWA热潮 RWA Wave
Brothers, the tokenization of real assets, to put it simply, is just putting houses, bonds, and corporate equity onto the blockchain. It sounds like the future of finance, but in reality, it's like putting a blockchain vest on traditional assets. 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 made to 'zero out off-chain' in no time. In summary, it looks lively, but to play it well, you need to be obedient enough. So, brothers, if you want to take a big step forward, good luck must come your way.

$BNB BNB: The early session broke through $800, reaching a historic high. The short-term increase has been too rapid; it is recommended to reduce positions by 30% at high levels, take profits in batches, and secure gains;
SOL: Compared to BNB, it is still in the accumulation phase, with no significant surge. It still holds value for allocation and can be held;
Overall position suggestion: At this stage, it is not advisable to operate with a full position. It is recommended to keep the position under 70%, reserving some flexibility to cope with volatility;
Strong coin strategy: For coins that have already risen significantly, one should learn to 'let go'. Once it rises to a certain extent, profits should be taken in batches.

#NFT板块领涨 2025年NFT板块延续强势表现，1月24日以2.43%涨幅领跑市场，值得买领涨，主力资金净流入14.35亿元，彰显市场对数字资产的信心。作为区块链技术赋能的独特数字资产，NFT融合艺术、文化与科技，成为年轻投资者新宠。全球大企业加速布局，叠加经济复苏下数字资产对冲通胀属性凸显，NFT正从概念走向实用，开启数字经济增长新空间。

The three pieces of legislation passed during the U.S. 'Cryptocurrency Week' mark a substantial establishment of the cryptocurrency regulatory framework, opening a new era of global cryptocurrency legislation and profoundly influencing the direction of the industry.

'Guidance and Establishment of the National Stablecoin Innovation Act' ('Genius Act') requires stablecoin issuers to obtain federal or state-level licenses, to hold reserves in a 1:1 ratio of U.S. dollar cash, bank deposits, or short-term U.S. Treasury bonds, enhancing the safety of funds, incorporating digital assets into the U.S. sovereign credit system, consolidating the dollar's dominance 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, delineates the regulatory division between the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), weakens SEC regulatory power, and provides 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, protects citizens' privacy and financial freedom, and constructs a 'protective wall' for cryptocurrencies.

The passage of these three bills enhances the legitimacy of the cryptocurrency market, boosts investor confidence, drives up prices, and leads to a collective surge in cryptocurrencies. It also prompts changes in the competitive landscape of the industry, where compliance costs eliminate smaller issuers, potentially allowing giants to dominate the market. The global regulatory wave resonates, with countries accelerating the improvement of regulatory frameworks, leading the industry into a golden age of compliance, likely attracting more traditional capital into the market and promoting the integration of cryptocurrencies into the mainstream financial system. $SUI

#加密立法新纪元 The three pieces of legislation passed during the U.S. "Cryptocurrency Week" mark a substantial establishment of the cryptocurrency regulatory framework, ushering in a new era of global cryptocurrency legislation with far-reaching impacts on the industry's direction.

"Guidance and Establishment of the U.S. Stablecoin National Innovation Act" (the "Genius Act"), requires stablecoin issuers to obtain federal or state-level licenses, holding reserves in a 1:1 ratio of U.S. dollar cash, bank deposits, or short-term U.S. Treasury securities, enhancing fund security, 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 division of labor between the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), weakens 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 price increases, and results in a collective surge in cryptocurrencies. It also prompts changes in the competitive landscape of the industry, with compliance costs eliminating smaller issuers, while giants may divide the market. The global regulatory wave resonates, with countries accelerating the improvement of regulatory frameworks, leading the industry toward a golden age of compliance, and is expected to attract 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 market sentiment for Memecoins may continue to fluctuate over the next month, driven by community hype, celebrity endorsements, and market speculation. Recently, trading volumes for Dogecoin (DOGE), Shiba Inu (SHIB), and others have surged, indicating high enthusiasm among retail investors, but price volatility is severe, and risks are significant. Promotion by political figures and regulatory easing may fuel a 'criminal supercycle,' necessitating vigilance against fraud risks. Community culture and viral dissemination will continue to raise attention, but a lack of fundamental support may lead to price instability. Investors should pay attention to community dynamics, changes in trading volumes, and policy impacts, while maintaining rationality and exercising caution in high-risk speculation.

#美国加密周 应该是一年一度的美国加密货币周，其实这应该比与比特币大会差不多，这同时也证明加密货币已经家喻户晓，也不是什么新鲜事，加密货币，他应该在这个大会之前有一波小小的上涨比特币，每个人现在都看他很高了，然后也不知道他到底什么时候会掉下来我们这些少想应该很快就会被淘汰了，不知以后还会不会有些轮的流逝，我们还会不会还活着看到下一个流逝
$BTC

#我的策略演变 #US Crypto Week should be an annual event in the United States, and it should be similar to the Bitcoin Conference. This also proves that cryptocurrency has become well-known and is no longer something new. Cryptocurrency should have a slight increase in Bitcoin before this conference; everyone sees it as very high now, and no one knows when it will drop. Those of us who think little of it should be eliminated soon. I wonder if there will be some cycles of time passing and if we will still be alive to see the next passing.

#交易策略误区 #US Crypto Week should be an annual event in the United States, and it should be similar to the Bitcoin conference. This also proves that cryptocurrency has become well-known and is no longer a novelty. Cryptocurrency should see a slight rise in Bitcoin before this conference; everyone thinks it is very high now and doesn't know when it will drop. Those of us who think less about it will likely be eliminated soon. We wonder if there will still be some cycles of passage, and whether we will still be alive to witness the next passage.

#美国加密周 #美国加密周 should be an annual cryptocurrency week in the United States, which should be comparable to the Bitcoin conference. This also proves that cryptocurrency has become well-known and is no longer a novelty. Cryptocurrency should have had a small increase in Bitcoin before this conference. Everyone sees it as very high now, and no one knows when it will drop. Those of us who think little about it should soon be eliminated. I wonder if there will be other cycles passing by in the future, and whether we will still be alive to see the next passing.

At 2 AM, the Federal Reserve kneels! Bitcoin surges 3% just as a start, shorts are collectively liquidated tonight! Were you hung on the tree last night?
What the market fears most is not bad news, but uncertainty - when the Federal Reserve and Trump's tariff hammer fall at the same time, Bitcoin tells the world with an $112,000 bullish line: the safe-haven property of cryptocurrencies is being redefined.
1. The "abnormal" logic of the early morning market: traditional risk assets and cryptocurrencies soar together.
At 2 AM Beijing time today, the Federal Reserve released the minutes of the June meeting. Although it kept interest rates unchanged, it removed the previous statement of "persistent inflation decline" and instead emphasized that "the uncertainty of the economic outlook has diminished but remains high." This is a hawkish signal and should, in theory, be negative for risk assets, but the three major U.S. stock indices collectively closed higher (Dow +0.49%, Nasdaq +0.94%), and Bitcoin broke through $112,000, reaching a historic high.
Key contradiction point:
The Federal Reserve's "vague statement": The minutes acknowledge sticky inflation but have not completely closed the window for interest rate cuts (the market still expects a more than 60% probability of a rate cut in September), this "expectation management" allows institutions to bet on the long-term logic of liquidity easing.
The "double-edged sword effect" of tariffs: Trump announced a 50% tariff on Brazil, which superficially is negative for emerging markets, but actually triggers a migration of funds from traditional markets to cryptocurrencies as a "safe haven" - the Brazilian real has plummeted 3% against the dollar, while the premium of Bitcoin on local exchanges in Brazil skyrocketed to 8%, indicating that local funds are hedging against currency depreciation risk through cryptocurrencies.
Case evidence:
In April 2025, when the U.S. imposed a 104% tariff on China, Bitcoin fell 7% in a single day, but then rebounded more than 15% within a week. At that time, the market was panicking about the "trade war dragging down the global economy", but ultimately found that the inflation expectations raised by tariffs actually strengthened Bitcoin's narrative as "digital gold".
The market this early morning is reminiscent of April: the initial tariff news triggered a brief sell-off, but as U.S. stocks stabilized, funds quickly flowed back into the crypto market - Coinglass data shows that from 3 AM to 6 AM, the number of open contracts for Bitcoin futures increased by 12%, indicating strong willingness from institutions to increase their positions. $BTC

#套利交易策略 2 AM, the Federal Reserve kneels! Bitcoin surges 3% just the beginning, shorts will collectively be liquidated tonight! Were you hanging on the tree last night?
What the market fears most is not bad news, but uncertainty—when the Federal Reserve and Trump's tariff stick strike simultaneously, Bitcoin tells the world with an $112,000 bullish candle: the safe-haven property of cryptocurrencies is being redefined."
1. The "abnormal" logic of the early morning market: traditional risk assets and cryptocurrencies soar together
At 2 AM Beijing time, the Federal Reserve released the June meeting minutes. Although it kept interest rates unchanged, it removed the previous statement of "persistent inflation decline" and instead emphasized that "the uncertainty of the economic outlook has decreased but remains high." This was originally a hawkish signal, which should have been bearish for risk assets, but the three major US stock indices collectively closed higher (Dow +0.49%, Nasdaq +0.94%), and Bitcoin broke through $112,000, setting a new historical high.
Key contradiction points:
The Federal Reserve's "ambiguous statement": The minutes acknowledged the stickiness of inflation but did not completely close the door on interest rate cuts (the market still expects a probability of over 60% for a rate cut in September), this kind of "expectation management" allows institutions to dare to bet on the long-term logic of liquidity easing.
The "double-edged sword effect" of tariffs: Trump announced a 50% tariff on Brazil, which superficially seems bearish for emerging markets, but actually triggered a migration of funds from traditional markets to cryptocurrencies as a "safe haven"—the Brazilian real plunged 3% against the dollar, while the premium rate of Bitcoin on local exchanges in Brazil soared to 8%, indicating that local funds are using cryptocurrencies to hedge against the risk of currency depreciation.
Case evidence:
In April 2025, when the US imposed a 104% tariff on China, Bitcoin once plummeted 7% in a single day, but rebounded over 15% within the following week. At that time, the market was panicking over "the trade war dragging down the global economy," but eventually discovered that the inflation expectations pushed up by tariffs actually reinforced the narrative of Bitcoin as "digital gold."
The early morning market today is strikingly similar to that in April: initial sell-off triggered by tariff news, but as the US stock market stabilized, funds quickly flowed back into the crypto market—Coinglass data shows that from 3 AM to 6 AM, the number of Bitcoin futures open contracts increased by 12%, indicating a strong willingness of institutions to increase positions.

At 2 AM on #BTC再创新高 , the Federal Reserve capitulated! Bitcoin surged 3% just as the beginning, and short sellers faced collective liquidation tonight! Were you hung on the tree last night?
What the market fears most is not bad news, but uncertainty—when the Federal Reserve and Trump's tariff hammer strike simultaneously, Bitcoin tells the world with an 112,000-dollar bullish candlestick: the safe-haven property of cryptocurrencies is being redefined."
1. The 'abnormal' logic of the early morning market: traditional risk assets and cryptocurrencies soar together
At 2 AM Beijing time today, the Federal Reserve released the minutes of the June meeting. Although it maintained interest rates, it removed the previous statement of 'inflation continuously declining' and instead emphasized that 'the uncertainty of the economic outlook has diminished but remains high.' This was originally a hawkish signal that should have been bearish for risk assets, but the three major U.S. stock indices collectively closed higher (Dow +0.49%, Nasdaq +0.94%), and Bitcoin broke through 112,000 dollars, setting a new historical high.
Key contradiction point:
The Federal Reserve's 'ambiguous statement': The minutes acknowledged inflation stickiness while not completely closing the door on interest rate cuts (the market still expects a probability of over 60% for a rate cut in September), this 'expectation management' allows institutions to bet on the long-term logic of liquidity easing.
The 'double-edged sword effect' of tariffs: Trump announced a 50% tariff on Brazil, which superficially is bearish for emerging markets, but in reality triggered a migration of funds from traditional markets to cryptocurrency 'safe havens'—the Brazilian real to U.S. dollar exchange rate plummeted by 3%, while the premium rate of Bitcoin on local Brazilian exchanges soared to 8%, showing that local funds are hedging against the depreciation risk of their currency through cryptocurrencies.
Case evidence:
In April 2025, when the U.S. imposed a 104% tariff on China, Bitcoin once fell 7% in a single day but rebounded over 15% within the following week. At that time, the market was panicking about 'the trade war dragging down the global economy,' but ultimately discovered: the inflation expectations raised by tariffs actually strengthened the narrative of Bitcoin as 'digital gold.'
The early morning market today is reminiscent of April: initial tariff news triggered a brief sell-off, but when U.S. stocks stabilized, funds quickly flowed back into the crypto market—Coinglass data shows that from 3 AM to 6 AM, the number of open contracts for Bitcoin futures increased by 12%, indicating strong willingness for institutions to increase their positions.

#突破交易策略 #SEC ETF Approval The approval of cryptocurrency ETFs by the U.S. Securities and Exchange Commission (SEC) is showing a cautious advancement alongside policy adjustments. Recently, the SEC announced a delay in several applications, including Franklin Templeton's SOL, XRP ETF and Grayscale's HBAR, DOGE ETF, with the final decision deadline extended to October 2025. This decision continues the SEC's logic of scrutinizing market manipulation, liquidity, and investor protection, especially against the backdrop of high volatility in cryptocurrencies, where regulators continue 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 aimed at shortening the review period and allowing compliant ETFs to list directly, with a draft expected to be released this month and implementation planned for September-October. Analysts point out 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 entry, but in the short term, the market still needs to cope with the volatility brought by policy uncertainties.

#趋势交易策略 #SEC ETF Approval The U.S. Securities and Exchange Commission (SEC) is cautiously advancing the approval of cryptocurrency ETFs while simultaneously adjusting policies. Recently, the SEC announced a delay in its decisions on multiple applications, including Franklin Templeton's SOL and XRP ETFs, as well as Grayscale's HBAR and DOGE ETFs, with the final decision deadline extended to October 2025. This decision continues the SEC's scrutiny logic regarding market manipulation, liquidity, and investor protection, especially in the context 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 collaborating with exchanges to develop a new approval framework aimed at shortening the review cycle and allowing compliant ETFs to list directly, with a draft expected to be released this month and implementation planned for 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 an approval probability 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 brought by policy uncertainty.