The Hong Kong Financial Services and the Treasury Bureau plans to conduct a public consultation next year on the licensing system for OTC and custodial service providers of virtual assets.
The Deputy Secretary for Financial Services and the Treasury of the Hong Kong Special Administrative Region Government, Chan Ho-Lam, stated that there are plans to conduct public consultations next year regarding the licensing system for OTC and custodial service providers of virtual assets, to promote the sustainable development of different sectors in the virtual asset market.
Is a debt crisis about to occur? Dalio: Will invest in Gold and Bitcoin and other "hard currencies"!
Ray Dalio, founder of Bridgewater Fund, one of the world's largest hedge funds, stated on Tuesday that he will invest in hard currencies such as Gold and Bitcoin, while avoiding debt-related Assets, as most major economies are facing rising debt ratios. He added that the debts of many major countries, including the USA, have reached unprecedented levels and emphasized that the current debt levels are unsustainable.
Issuing bonds to buy cryptocurrencies! More and more companies are starting to follow MSTR.
MARA Holdings sold bonds worth over $2 billion to purchase Bitcoin, while Core Scientific raised over $1 billion. Since the election, the stock prices of MARA and Core Scientific have increased by 63% and 30%, respectively.
The "Trump carnival" in the crypto world continues unabated! Nearly ten billion dollars have flowed into bitcoin etf in the usa after the election.
Since Trump's election victory, nearly 10 billion dollars have flowed into bitcoin etf, and in addition, the total market capitalization of the cryptocurrency market has also surged by about 1.2 trillion dollars since Trump was elected president of the usa.
This week, the biggest variables in US stocks, bonds, and bitcoin.
Before the Federal Reserve's December meeting, there is a potential "black swan". On December 6, the US Bureau of Labor Statistics announced that the November non-farm data slightly exceeded expectations. Analysts believe that the current environment of low interest rates, declining inflation, and increasing corporate profits in the United States may continue to drive the US stock market up at the end of the year. However, investors still need to closely monitor the November CPI released this Wednesday, which could be a "black swan" event that disrupts market expectations for a Fed rate cut in December. Analysts say that if the CPI shows that US inflation has not risen significantly, then there is a high likelihood of a rate cut in December. However, derivative pricing shows
This analyst was bullish on bitcoin reaching $0.1 million ten years ago, how does he view it today?
Bitcoin has a 1%-2% chance of replacing all mmf, and although the probability is small, it is sufficient to explain why the price can reach its current level. The total supply of global mmf is 100 trillion dollars, and if all were replaced by bitcoin, the value of each bitcoin would approach 5 million dollars.