Author: Climber, Golden Finance

On November 15, the official Twitter accounts of several altcoin projects, including Litecoin, yearn.fi, Manta, TRON DAO, and Renzo, posted on social media jokingly: “Given the current market conditions, I think we are actually a Meme coin project.”

At the same time, the leading trading platform Binance also launched two popular meme projects, Act I: The AI ​​Prophecy (ACT) and Peanut the Squirrel (PNUT), and both performed well. As a result, many community members began to speculate on the next wealth code. In response to this, Golden Finance sorted out various meme coins with grand narratives, community popularity and high market value.

[HKMA urges citizens to be alert to the use of "bank" by overseas crypto-asset institutions that are not licensed banks in Hong Kong] Golden Finance reported that the Hong Kong Monetary Authority urges citizens to be alert and be careful of some 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 behaviors may have violated the (Banking Ordinance). The HKMA has noticed that two overseas crypto-asset institutions that are not licensed banks in Hong Kong held events in Hong Kong. During the events, one of them was reported to have called itself a "bank" and the other described the card products provided on its website as "bank cards". The HKMA is concerned that the statements of the relevant institutions may cause consumers to mistakenly believe that they are licensed banks in Hong Kong and are regulated by the HKMA, or to mistakenly believe that such products and services are provided by licensed banks in Hong Kong. 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 mean that it is necessarily 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.

[HKMA urges citizens to be alert to the use of "bank" by overseas crypto-asset institutions that are not licensed banks in Hong Kong] Golden Finance reported that the Hong Kong Monetary Authority urges citizens to be alert and be careful of some 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 behaviors may have violated the (Banking Ordinance). The HKMA has noticed that two overseas crypto-asset institutions that are not licensed banks in Hong Kong held events in Hong Kong. During the events, one of them was reported to have called itself a "bank" and the other described the card products provided on its website as "bank cards". The HKMA is concerned that the statements of the relevant institutions may cause consumers to mistakenly believe that they are licensed banks in Hong Kong and are regulated by the HKMA, or to mistakenly believe that such products and services are provided by licensed banks in Hong Kong. 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 mean that it is necessarily 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.

On November 15, 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. Bitcoin's 7-day rolling price increase reached a record high of $19,265, showing that the strength of this round of rebound is unprecedented. Although the short-term RSI indicator shows overbought and may consolidate, the report predicts that crypto assets will break through the 8% penetration threshold in 2025, laying the foundation for larger-scale adoption. 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 FASB new rules will take effect on December 15, allowing companies to measure crypto assets at fair market value. These events are expected to further promote the entry of institutional investors. Looking ahead to 2025, the report predicts that the penetration rate of crypto assets will break through the key threshold of 8%. At the same time, factors such as the improved regulatory environment that may be brought about by Trump's inauguration in January 2025, and FTX's expected return of $16.5 billion in creditor funds, will bring continued benefits to the Bitcoin market.