The Monetary Authority of Singapore has finalized the regulatory framework for stablecoins, and people with a little money have more opportunities. Mortgage assets and participate in the issuance of currency.
Key requirements for issuing stablecoins in Singapore:
1⃣️Have a single currency as a reserve asset, be hosted and meet audit requirements;
2⃣️The issuer must maintain minimum basic capital and liquidity to reduce the risk of bankruptcy and wind down the business in an orderly manner when necessary;
3⃣ Redemption at face value: The issuer must return the face value of the mortgage currency to the holder within five working days after the redemption request;
4⃣️ Issuers must provide appropriate disclosures to users, including information about the collateral currency value stabilization mechanism, holder rights, and reserve asset audit results.

The U.S. SEC will decide this week whether to approve six spot Bitcoin ETF listing applications including BlackRock

Applicants include BlackRock, Bitwise, Fidelity, WisdomTree, VanEck, Invesco Galaxy.

Generally speaking, the SEC will most likely pass one or two applications in batches, which will definitely be beneficial to the crypto field. This event has two opportunities for currency buyers:
1. Before the news is released - short-term rise
2. After the news is released - a short-term decline, then a shock back to the position before the rise

Today I chatted with a web3 project developer in Hong Kong for more than two hours and came up with 4 conclusions, which are not of reference significance, as follows:
1⃣️ The final form of Hong Kong web3 is centralized ETF, with typical projects such as CSOP;
2⃣️Crypto exchanges are almost impossible to appear on the market. The securities exchanges are subject to the 1/4/7/9 licenses. If a crypto exchange follows this model, almost no one will be willing to establish an exchange, and no crypto users will use it. Such products;
3⃣️ Hong Kong policy inherits the attitude from above. It will take at least two years for it to truly have guiding significance and be implemented. Besides, who knows what the situation will be in two years;
4⃣️ Opportunities:
· Doing asset management - ordinary people have no chance
· Move web2 to web3 and then cross-border - a lot can be done, but it requires business input. For example, if you want to book a hotel, you need to have the hotel's resources to input, or you can do it in combination with airbnb;

CFTC Chairman: BTC, ETH, USDT are commodities
The U.S. Commodity Futures Trading Commission has made it clear many times that they consider Ethereum to be a commodity. Although Rostin Benham, chairman of the Commodity and Futures Trading Commission (CFTC), agrees that many cryptocurrencies are securities, he also believes that BTC, ETH, USDT and other three A top asset class falls under the jurisdiction of the agency as a commodity.

Don’t panic if you miss out on ETF, there will be more launches, it just depends on which one has good cx technology and can win over people.
Moreover, we don’t know how many coins were actually mortgaged behind the scenes. I remember that in a previous project, I borrowed BTC from others as collateral, and the borrowed BTC was just a verbal agreement. If you really want to invest, it is safer to buy crypto spot. of.

FTX has spent over $243 million on real estate in the Bahamas, want to see what it has to offer?

Not only that, but Sam Bankman-Fried spent millions of dollars over two years buying properties for employees and their friends and family, here’s the list.

JASMY token deployers deposited a total of 770 million JASMY into Gate.io, equivalent to approximately US$3.43 million.

Originally, this project was a bit unreasonable. I remember that it was when the concept of industrial metaverse and digital twins were very popular. This project was the settlement token of the IoT device data platform. However, we ask ourselves and answer two questions:

① Question 1: How complete is the data?

Everyone knows about data islands. IoT is a small closed loop in different industries and different scenarios. For example, BMW’s twin factory data cannot be shared with others. Similarly, the data of other projects are also the same. The data itself is an island. This Projects are almost difficult to set up;

② What are the deterministic application scenarios?

If there is data, it must be used somewhere. It can be used to reduce costs and increase efficiency. This is the most basic requirement. However, this project does not have data application scenarios, so we still have to be vigilant.

"Be careful to avoid risks" OP tokens worth more than $32 million will be unlocked this week

First time reporting.

Let me introduce myself. I have been working as a product expert for 7 years in a top 10 Internet company in the Fortune 500. I love and believe in web3. I plan to use the world of product managers to talk about projects here. It may not be useful. I hope you like it.

The asset I hold for a long time is #DYDX , and I plan to hold it forever. Even if 80% of the assets in this project are not circulated, I am optimistic about it for three reasons:

① Transaction volume

Judging from its on-chain transaction data, the transaction volume exceeds 100 billion US dollars, and the platform already has a first-mover advantage, so far there have been no major problems;

② Decentralization

For users with large assets and those who want to trade anonymously, DEX is the optimal solution for trading. In addition, centralized exchanges are easy to be regulated, and the decentralized trading market is an incremental market, so there is still a lot of room for it;

③ Transaction chain

DYDX will launch its own transaction chain to reduce handling fees, which is generally optimistic