On-chain data shows that, possibly affected by the news that OKX listed MOODENG spot, the price of MOODENG rose by more than 21% in a short period of time and is currently trading at US$0.53, with a market value of US$526 million.
The Hong Kong Monetary Authority calls on the public to be vigilant and be careful of certain overseas crypto-asset institutions that are not licensed banks in Hong Kong. They claim to be "banks" in Hong Kong, or use the word "bank" when describing their products or services. These actions may have violated the Banking Ordinance. The HKMA reminds the public that crypto-asset institutions that are not authorized institutions in Hong Kong are not regulated by the HKMA. The fact that an overseas crypto-asset institution has the word "bank" in its name, or an overseas "crypto bank" claims to have been licensed elsewhere, does not necessarily mean that it is a licensed bank in Hong Kong. In addition, products or services with the word "bank" in their names are not necessarily provided by licensed banks in Hong Kong.
In recent years, the public security, procuratorial and judicial organs across the country have continued to intensify their crackdown on money laundering crimes, and the number of cases investigated, prosecuted and tried has continued to increase. Criminals use illegal payment platforms, virtual currencies, e-commerce or live broadcast platforms, game coins and other means to transfer and conceal criminal funds, making money laundering methods more diverse and covert, increasing the difficulty of detection and investigation. Wang Jing, deputy director of the Anti-Money Laundering Bureau of the People's Bank of China, stressed that it is necessary to continue to maintain a high-pressure situation of severe crackdown on money laundering crimes and continuously improve the quality and efficiency of investigation, prosecution and trial.
According to Lookonchain monitoring, 3 hours ago, a whale borrowed 1.5 million USDT from Aave and bought 9,829 AAVE. This whale holds a long position in AAVE and has purchased 75,493 AAVE (US$11.57 million) since October 13, with an average purchase price of US$153.
Matrixport: Short-term overbought and strong capital inflows boost Bitcoin's rise
Matrixport released a weekly report pointing out that Bitcoin is experiencing a strong rise driven by multiple positive factors, including the continued inflow of funds into Bitcoin spot ETFs, the expectation of interest rate cuts by the Federal Reserve, and the improvement of the regulatory environment. The report pays special attention to three important time points in December: MicroStrategy may be included in the S&P 500 index on December 6, Microsoft will review the Bitcoin investment proposal on December 10, and the new FASB rules will take effect on December 15, allowing companies to measure crypto assets at fair market value. Looking ahead to 2025, the report predicts that the popularity of crypto assets will exceed the key threshold of 8%. At the same time, factors such as the improvement in the regulatory environment brought about by Trump's possible inauguration in January 2025 and FTX's expected return of $16.5 billion in creditor funds will bring continued benefits to the Bitcoin market. However, the report also reminds that the current RSI indicator shows overbought and consolidation may occur in the short term.
Fed Chairman Powell said that interest rates are still expected to fall further, but he hinted that rates may not fall that much in the coming months. Powell said the Fed may make more rate cuts because economic trends and dynamics are expected to remain unchanged, at least in the short term. This includes a slowing job market and cooling inflation, while interest rates are still restrictive, and maintaining interest rates at their current high levels may push up unemployment. Powell said, "Over time, we will move policy to a more neutral level." (Jinshi)